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    "unit": "iso4217:USD"
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  },
  "f59916": {
   "value": "-11521000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
    "unit": "iso4217:USD"
   }
  },
  "f59920": {
   "value": "-5033000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfRemeasurementsOfDefinedBenefitPlansMember",
    "unit": "iso4217:USD"
   }
  },
  "f59923": {
   "value": "601846000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "SIP:RetainedEarningsAndOtherReservesMember",
    "unit": "iso4217:USD"
   }
  },
  "f59927": {
   "value": "-10666000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
    "unit": "iso4217:USD"
   }
  },
  "f59931": {
   "value": "727329000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:USD"
   }
  },
  "f59934": {
   "value": "38854000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:USD"
   }
  },
  "f59938": {
   "value": "766183000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:USD"
   }
  },
  "pp-value-1-1": {
   "value": "1.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>IDENTIFICATION SIPEF (the \u2018company\u2019) is a <span class=\"_ _0\"></span>limited liability company(\u2018naamloze vennootschap\u2019<span class=\"_ _0\"></span> /<span class=\"_ _a\"></span> \u2019soci\u00e9t\u00e9 anon<span class=\"_ _0\"></span>ym<span class=\"_ _6\"></span>e\u2019<span class=\"_ _0\"></span>) incorporat<span class=\"_ _a\"></span>edin Bel<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>ium and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>ister<span class=\"_ _a\"></span>ed at 2900 Schoten, Calesb<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>gdreef 5.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements <span class=\"_ _0\"></span>for the year<span class=\"_ _0\"></span> ended 31December <span class=\"_ _d\"> </span><span class=\"ls14d ws161\">202</span>2 <span class=\"_ _c\"> </span>comprise SIPEF and <span class=\"_ _0\"></span>its subsidiaries(together<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eferred to as \u2018SIPEF<span class=\"_ _0\"></span> gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p\u2019 or \u2018the <span class=\"ff9c ws7\">G</span>roup<span class=\"_ _0\"></span>\u2019).Comparative figures are for the <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year <span class=\"ls14d ws161\">20</span><span class=\"ws7\">21. </span>The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements have<span class=\"_ _0\"></span> been es<span class=\"_ _0\"></span>tablishedby the <span class=\"ws7\">b</span>oa<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>d o<span class=\"_ _0\"></span>f d<span class=\"ws168\">irectors on<span class=\"_ _0\"></span> 1</span>4 <span class=\"_ _4\"></span><span class=\"ws168\">February<span class=\"_ _0\"></span> 202</span>3<span class=\"ws168\">. The </span>eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>safter<span class=\"_ _a\"></span> the balance sheet date<span class=\"ws7\"> <span class=\"_ _0\"></span></span>were updated and ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>oved<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>orissue by the directors on April<span class=\"_ _0\"></span> 1<span class=\"_ _a\"></span>8<span class=\"ls14f ws16a\">, 20<span class=\"_ _0\"></span>2</span>3. <span class=\"_\"> </span>These financiastatem<span class=\"_ _a\"></span>ents w<span class=\"_ _0\"></span>ill be presented to the shareholders a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> thegeneral meeting of June <span class=\"ls14d ws161\">14</span>,<span class=\"_ _0\"></span> 202<span class=\"ws7\">3. <span class=\"_ _0\"></span></span>A list of the di<span class=\"_ _0\"></span>rect<span class=\"_ _a\"></span>ors andthe stat<span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ory audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>or, as<span class=\"_ _0\"></span> well as a de<span class=\"_ _0\"></span>scr<span class=\"_ _a\"></span>iption of the<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>incipaactivities of the <span class=\"ws7\">G</span>roup, are<span class=\"_ _0\"></span> included i<span class=\"_ _0\"></span>n chapter<span class=\"_ _a\"></span> one of theintegrated report.<span class=\"ws7\"> </span>2.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls150 ws16e\">STA<span class=\"_ _0\"></span>TEMENT OF<span class=\"_ _0\"></span> COMP<span class=\"_ _0\"></span>LIANC<span class=\"_ _0\"></span>E </span> The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements have been<span class=\"_ _0\"></span> prepared i<span class=\"_ _0\"></span>naccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the In<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ernation<span class=\"_ _0\"></span>al Financial ReportingStandards (IFRS) which have <span class=\"_ _0\"></span>been adopted by the<span class=\"_ _0\"></span> EuropeanUnion<span class=\"_ _0\"></span> as per 31 December <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2. </span>The following standards or interpre<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ation<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e appli<span class=\"_ _0\"></span>cable forthe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls7 ws166\">annu<span class=\"_ _0\"></span>al period beginni<span class=\"_ _0\"></span>ng on 1 January <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2: </span></span>\u2022 <span class=\"_ _81\"> </span>Amendments to IAS 16 Property, Plant and Equipment:Proceeds before Intended Use (appli<span class=\"_ _0\"></span>cable for annualperiods begi<span class=\"_ _0\"></span>nnin<span class=\"_ _6\"></span>g <span class=\"_ _0\"></span>on or after<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2022)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IAS 37<span class=\"_ _0\"></span> Provisions, Con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ngent Liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>itiesand Contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s: Onerous Contracts <span class=\"_ _0\"></span>\u2014<span class=\"ff9c\"> <span class=\"_ _8\"> </span></span>Cost<span class=\"_ _0\"></span> ofFulfilling<span class=\"_ _0\"></span> a Contract<span class=\"_ _6\"></span> (appl<span class=\"_ _0\"></span>icable for annual period<span class=\"_ _0\"></span>sbeginni<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g on or af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er 1<span class=\"_ _0\"></span> January 2022)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>IFRS 3 Busi<span class=\"_ _0\"></span>ness Combinations:Reference to the<span class=\"_ _0\"></span> Conceptual Framework <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>appli<span class=\"_ _0\"></span>cable forannual pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iods begi<span class=\"_ _0\"></span>nn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng on or af<span class=\"_ _a\"></span>ter 1 January<span class=\"_ _0\"></span> 2022)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Annua<span class=\"_ _0\"></span>l Im<span class=\"_ _6\"></span>provements to IFR<span class=\"_ _0\"></span>S Standards 2018<span class=\"ff9b ws7\">\u2013</span>2020(applicable for annual period<span class=\"_ _0\"></span>s begi<span class=\"_ _a\"></span>nning on or after 1January 2022)<span class=\"ws7\"> </span>These changes di<span class=\"_ _0\"></span>d not have a sign<span class=\"_ _0\"></span>ificant impact on the equityor net result of the <span class=\"_ _0\"></span>Gr<span class=\"_ _a\"></span>oup.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The <span class=\"_ _4\"></span>Group <span class=\"_ _0\"></span>did not elect for early appli<span class=\"_ _0\"></span>cat<span class=\"_ _6\"></span>ion of the followingnew standards and<span class=\"_ _0\"></span> interpretations which w<span class=\"_ _0\"></span>ere issued at<span class=\"_ _0\"></span> thedate of approval of these financial statements but were not yeteffect<span class=\"_ _a\"></span>ive on <span class=\"_ _0\"></span>the balance sheet date:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>IFRS 17<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nsu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>ce Contract<span class=\"_ _6\"></span>s (appl<span class=\"_ _0\"></span>icable for annualperiods begi<span class=\"_ _0\"></span>nnin<span class=\"_ _6\"></span>g <span class=\"_ _0\"></span>on or after<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2023)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IFRS<span class=\"_ _0\"></span> 17 Insurance contracts: InitialAppli<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion of IFRS 17 an<span class=\"_ _0\"></span>d IFRS 9<span class=\"_ _0\"></span> \u2013 <span class=\"_ _4f\"> </span>ComparativeInfor<span class=\"_ _a\"></span>mation<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>ap<span class=\"_ _0\"></span>plicable for annual pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ods beginning onor aft<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2023)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> IAS 1<span class=\"_ _0\"></span> Present<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of Financi<span class=\"_ _0\"></span>alStatement<span class=\"_ _a\"></span>s: Classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion of Liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies as Current orNon-<span class=\"ws177\">current and Non</span>-current Liab<span class=\"_ _0\"></span>ilities withCovenants (applicab<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>e for annual pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iods begi<span class=\"_ _0\"></span>nnin<span class=\"_ _a\"></span>g on orafter 1 January 2024<span class=\"_ _0\"></span> or later, but not yet<span class=\"_ _0\"></span> endorsed in theEU)<span class=\"ls7 ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to<span class=\"_ _0\"></span> IAS 1 Presenta<span class=\"_ _0\"></span>tion of Fina<span class=\"_ _0\"></span>ncialStatement<span class=\"_ _a\"></span>s and IFRS P<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>actice Statement 2:<span class=\"_ _a\"></span> Discl<span class=\"_ _0\"></span>osureof Accounting Pol<span class=\"_ _0\"></span>icies (applicable for annual period<span class=\"_ _0\"></span>sbeginni<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g on or af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er 1<span class=\"_ _0\"></span> January 2023)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IAS 8 A<span class=\"_ _0\"></span>ccount<span class=\"_ _a\"></span>ing pol<span class=\"_ _0\"></span>icies, C<span class=\"_ _0\"></span>hang<span class=\"_ _6\"></span>es i<span class=\"_ _0\"></span>nAccounting Estimates and Erro<span class=\"_ _0\"></span>rs: Definition ofAccounting Estimates (appli<span class=\"_ _0\"></span>cable for annual pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iodsbeginni<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g on or af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er 1<span class=\"_ _0\"></span> January 2023)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to<span class=\"_ _0\"></span> IAS 12 Inco<span class=\"_ _0\"></span>me Taxes: Defer<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> Taxrelated to Assets and Liabilities ari<span class=\"_ _0\"></span>sing fr<span class=\"_ _a\"></span>om a SingleTran<span class=\"_ _0\"></span>sact<span class=\"_ _a\"></span>ion (appl<span class=\"_ _0\"></span>icable f<span class=\"_ _a\"></span>or annual period<span class=\"_ _0\"></span>s beginning onor aft<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2023)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IFRS<span class=\"_ _0\"></span> 16 Leases: Lease Liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y in a Sal<span class=\"_ _0\"></span>eand Leaseback (appl<span class=\"_ _0\"></span>icable for annual periods be<span class=\"_ _0\"></span>ginn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ngon or after<span class=\"_ _a\"></span> 1 January 2024, bu<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> not yet endorsed in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>heEU)<span class=\"ls7 ws7\"> </span>At present, t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>Group does not expect t<span class=\"_ _a\"></span>he ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al adoption ofthese standards and i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erpreta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons to have a material<span class=\"_ _0\"></span> eff<span class=\"_ _6\"></span>ecton the Group's financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents.<span class=\"ws7\"> </span>3.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>ACCOUNTING POLICIES Basis o<span class=\"_ _0\"></span>f p<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>eparati<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span>Starting in 2007 <span class=\"_ _0\"></span>the consolidated financial<span class=\"_ _0\"></span> stat<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span> arepresented in US dollar (until 2006 this was done in euro),rounded off t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he nearest thousand (KU<span class=\"_ _0\"></span>SD). This modificationis the result o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> changed poli<span class=\"_ _0\"></span>cy with regard t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the liqui<span class=\"_ _0\"></span>dityand debt management since the end of 2006, whereby thefunctional currency of the majority of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiaries has beenchanged from the local<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency to the<span class=\"_ _0\"></span> US dollar. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements are p<span class=\"_ _0\"></span>repared on thehistorical cost basis exce<span class=\"_ _0\"></span>pt<span class=\"_ _a\"></span> that t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>dliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies are stated at their <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air <span class=\"ws7\">val<span class=\"_ _0\"></span>ue: <span class=\"_ _0\"></span></span>i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>ments in <span class=\"_ _0\"></span>equityinstruments measured at FV<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>I,<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivativeinstruments and biologi<span class=\"_ _0\"></span>cal produce.<span class=\"ws7\"> </span>The accounting po<span class=\"_ _0\"></span>licies have been con<span class=\"_ _0\"></span>sistent<span class=\"_ _a\"></span>ly appl<span class=\"_ _0\"></span>iedthroughout t<span class=\"_ _a\"></span>he Group <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> are consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ent with <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ho<span class=\"_ _0\"></span>se used inthe previous year.<span class=\"ws7\"> </span>Busi<span class=\"_ _0\"></span>ness c<span class=\"_ _0\"></span>ombina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"ls7 ws7\"> </span>Business combi<span class=\"_ _0\"></span>nat<span class=\"_ _a\"></span>ions are accounted<span class=\"_ _0\"></span> for using <span class=\"_ _0\"></span>the purchasemethod. The cost of an acq<span class=\"_ _0\"></span>uisition is measured as <span class=\"_ _0\"></span>the f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>rvalue of the assets given, equity instruments issued, <span class=\"_\"> </span>andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies incu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>red or assumed at the da<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e o<span class=\"_ _0\"></span>f acquisition. Anycosts directly attr<span class=\"_ _a\"></span>ibutable to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inprofit or loss. The purchase consideration to<span class=\"_ _0\"></span> acquire abusiness, incl<span class=\"_ _0\"></span>udin<span class=\"_ _a\"></span>g contingent payments, is <span class=\"_ _0\"></span>recorded at fairvalue <span class=\"_ _6\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date, whil<span class=\"_ _0\"></span>e subsequent adjustments tothe contingent payments resulting <span class=\"_ _0\"></span>fr<span class=\"_ _a\"></span>om eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>fter theacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date are r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n prof<span class=\"_ _a\"></span>it or loss. <span class=\"_ _0\"></span>Non-controlling i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest are ini<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly measured either a<span class=\"_ _0\"></span>t fair value<span class=\"_ _0\"></span> orat the share o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _30\"> </span><span class=\"ls14d ws161\">non</span>-</span>con<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>ing participation in theidentifiabl<span class=\"_ _0\"></span>e net asset<span class=\"_ _6\"></span>s recogni<span class=\"_ _0\"></span>zed of t<span class=\"_ _a\"></span>he acquired company.The basis of measurement is selected on a <span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>ansaction<span class=\"_ _0\"></span>-<span class=\"ls14d ws161\">by</span>-transaction basis. All ac<span class=\"_ _6\"></span>quis<span class=\"_ _a\"></span>itio<span class=\"_ _6\"></span>n-related costs, such asconsulting fees, are expensed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Cons<span class=\"_ _a\"></span>olidation principles<span class=\"_ _0\"></span> Subsi<span class=\"ls14f ws170\">diarie<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span></span>Subsidiaries are those enterprises controlled by the company.An investor controls an investee i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d only if the investor hasall of the following el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s, in accordance with IFRS 10:\u2022 <span class=\"_ _81\"> </span>Power over the investee, i.e. the investor has exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ingrig<span class=\"_ _0\"></span>hts t<span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> give i<span class=\"_ _0\"></span>t the abil<span class=\"_ _0\"></span>ity t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> direct<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> relevant activities\u2022 <span class=\"_ _81\"> </span>Exposure, or r<span class=\"_ _a\"></span>ights, to variabl<span class=\"_ _0\"></span>e r<span class=\"_ _a\"></span>eturns from itsinvolvement wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h the investee;<span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> </span>\u2022 <span class=\"_ _81\"> </span>The abili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y to use its pow<span class=\"_ _0\"></span>er over the i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> affect theamount of the investor\u2019s <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eturns.<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents of subsidiaries are i<span class=\"_ _0\"></span>ncluded in theconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial statements f<span class=\"_ _6\"></span>rom<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he date that controleffect<span class=\"_ _a\"></span>ively commences un<span class=\"_ _0\"></span>til the date that<span class=\"_ _0\"></span> cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span> effectivelyceases (or a date nearby)<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Associates<span class=\"ff9c\"> </span>Associates are those enterprises in which the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _7\"> </span>hassignifican<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>luence, but not control, over<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financial<span class=\"_ _0\"></span> andoperating poli<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ies. The consol<span class=\"_ _0\"></span>idat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial statementsinclud<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _a\"></span>roup's share of the total recognized<span class=\"_ _0\"></span> gains andlosses of associates on an eq<span class=\"_ _0\"></span>uity accounting basis, fr<span class=\"_ _a\"></span>om theda<span class=\"_ _0\"></span>te t<span class=\"_ _a\"></span>hat si<span class=\"_ _0\"></span>gnificant influence effectively commences until<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hedate that signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant influence effectively ceases <span class=\"_ _0\"></span>(or a datenearby). When the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup\u2019s share o<span class=\"_ _0\"></span>f losses exceeds thecarrying amount of t<span class=\"_ _a\"></span>he associate, the carrying amount isreduced to nil and recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of further losses is di<span class=\"_ _0\"></span>scontinuedexcept to <span class=\"_ _0\"></span>the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>that the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions i<span class=\"_ _0\"></span>nrespect of the associate<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Joint ventures<span class=\"ws7\"> </span>Joint ventures are those<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>enterprises over who<span class=\"_ _0\"></span>se act<span class=\"_ _a\"></span>ivities theGroup has joint control, establi<span class=\"_ _0\"></span>shed by contractual agreement.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements incl<span class=\"_ _0\"></span>ude the <span class=\"_ _0\"></span>Group'sshare of the total<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized gains and l<span class=\"_ _0\"></span>osses of joint ventureson an equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y accoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng basis, from the date<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t significantinfluence effectively commences un<span class=\"_ _0\"></span>til the date that s<span class=\"_ _0\"></span>ignificantinfluence effectively ceases (or a<span class=\"_ _0\"></span> date nearby). <span class=\"ws7\"> </span>When the <span class=\"ws7\">G</span>roup\u2019s share of losses exceeds the ca<span class=\"_ _0\"></span>rr<span class=\"_ _6\"></span>yi<span class=\"_ _0\"></span>ngamount of t<span class=\"_ _a\"></span>he joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> venture, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> carrying amount is reduced tonil an<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ecognition of<span class=\"_ _0\"></span> further losses i<span class=\"_ _0\"></span>s discontinued except tothe extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span><span class=\"ls14f ws18a\">t the </span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gations in respectof the joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures.<span class=\"ws7\"> </span>Transactions eliminated on conso<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>idation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>All int<span class=\"_ _6\"></span>ra-group balances and transactions, and any unrealizedgains arisi<span class=\"_ _0\"></span>ng on intra<span class=\"ws7\">-</span>group tr<span class=\"_ _a\"></span>ansactions, are el<span class=\"_ _0\"></span>iminated forcompanies included usi<span class=\"_ _0\"></span>ng the f<span class=\"_ _a\"></span>ull<span class=\"_ _0\"></span> co<span class=\"_ _6\"></span>nsolidation method inpreparing the consoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>atements.<span class=\"ws7\"> </span>Unreali<span class=\"_ _0\"></span>zed losses are eliminated i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e way asunrealized<span class=\"_ _0\"></span> gai<span class=\"_ _6\"></span>ns exce<span class=\"_ _0\"></span>pt<span class=\"_ _a\"></span> that they are only eli<span class=\"_ _0\"></span>minated t<span class=\"_ _a\"></span>o theextent that there is no evi<span class=\"_ _0\"></span>dence of impairment.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy<span class=\"ls7 ws7\"> </span>Foreign currency transactions<span class=\"ws7\"> </span>In the individual<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup companies, tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sactions in foreigncurrencies are t<span class=\"_ _0\"></span>ranslated at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exchange ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>uling<span class=\"_ _0\"></span> at thedate of the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransaction<span class=\"_ _0\"></span>. Monetar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> asset<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ilitiesdenominated in foreign currencies are<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _4f\"> </span></span>translated a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>heexchange rate ruling at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he balan<span class=\"_ _0\"></span>ce sheet dat<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>. Foreignexchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences arising<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>ranslation are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inthe income s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atemen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>. N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>monet<span class=\"_ _a\"></span>ary asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> and l<span class=\"_ _0\"></span>iabilitiesdenominated in foreign currencies are <span class=\"_ _0\"></span>translated at the forei<span class=\"_ _0\"></span>gnexchange rate ruling at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he date<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the transaction.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financial s<span class=\"ls155 ws18d\">tat<span class=\"_ _6\"></span>ements of foreign oper<span class=\"_ _6\"></span>ations<span class=\"ls7 ws7\"> </span></span>Functional<span class=\"_ _0\"></span> cur<span class=\"_ _6\"></span>rency: items incl<span class=\"_ _0\"></span>uded i<span class=\"_ _a\"></span>n financial statements ofeach entity in the Group <span class=\"_ _6\"></span>are<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easured using the currency <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>best reflects the economic substance o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> underlying eventsand circumstances relevant to that en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y (the functionalcurrency). <span class=\"_ _30\"> </span>Starting from 2007 <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialstatem<span class=\"_ _a\"></span>ents are presented in <span class=\"_ _0\"></span>USD, this is the functionalcurrency of the maj<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ity of the <span class=\"_ _0\"></span><span class=\"ws7\">Group <span class=\"_ _a\"></span>companies.<span class=\"_ _0\"></span> </span>To consoli<span class=\"_ _0\"></span>date t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup <span class=\"_ _9\"> </span>and each o<span class=\"_ _0\"></span>f its subsidi<span class=\"_ _0\"></span>aries, t<span class=\"_ _a\"></span>hefinancial<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>atements<span class=\"_ _0\"></span> of the i<span class=\"_ _0\"></span>ndividual entities are <span class=\"_ _0\"></span>translated asfollows: \u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Assets and liabilities at the closi<span class=\"_ _0\"></span>ng rat<span class=\"_ _6\"></span>e;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span>I<span class=\"_ _a\"></span>ncome statements at the average exchange rate for theyear; \u2022 <span class=\"_ _81\"> </span>The components of shareholders\u2019 eq<span class=\"_ _0\"></span>uity at<span class=\"_ _a\"></span> the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oricalexchange rate.<span class=\"ws7\"> </span>Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences arising<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>om the t<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>slation of the netinvestment in foreign subsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ies, joi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> ven<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ures andassociated entities at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he year<span class=\"_ _0\"></span>-end exchange rate arerecorded as part of the sharehol<span class=\"_ _0\"></span>ders\u2019 equity under \u201ctranslationdifferences\u201d. When a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>reign entity is<span class=\"_ _0\"></span> sold, such exc<span class=\"_ _0\"></span>hangedifferences are recognized in the income s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atement as pa<span class=\"_ _0\"></span>rt ofthe gain or loss on sal<span class=\"_ _0\"></span>e.<span class=\"ws7\"> </span>If th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al accounting for a busi<span class=\"_ _0\"></span>ness combination isincomplete by the end of the financial year in w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ich thecombination occurs, SIPEF<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>group reports provisi<span class=\"_ _0\"></span>onal amountsfor the items for<span class=\"_ _0\"></span> which the accounting is i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>plete. T<span class=\"_ _0\"></span>hoseprovisional<span class=\"_ _0\"></span> amount<span class=\"_ _a\"></span>s are ad<span class=\"_ _0\"></span>justed during the measurementperiod (see paragraph below<span class=\"_ _0\"></span>),<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r additional asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies are recognised<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> reflect new i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>ormation obtaine<span class=\"_ _0\"></span>dabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date t<span class=\"_ _a\"></span>hat, if known,<span class=\"_ _0\"></span> would have affected theamounts recognised as of that<span class=\"_ _0\"></span> dat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>The measurement period i<span class=\"_ _0\"></span>s the pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod f<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>om the<span class=\"_ _0\"></span> acquisitiondate to t<span class=\"_ _a\"></span>he date SIPEF<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>group obtains compl<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>e informationabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date.<span class=\"_ _a\"></span> The <span class=\"_ _0\"></span>measurem<span class=\"_ _a\"></span>ent period<span class=\"_ _0\"></span> shall<span class=\"_ _0\"></span> not <span class=\"_ _8\"> </span>exceedone year from <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acq<span class=\"_ _0\"></span>uisition <span class=\"ws7\">date.<span class=\"_ _0\"></span> </span>Ste<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group\u2019s inte<span class=\"_ _0\"></span>rest<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> in subsidi<span class=\"_ _0\"></span>aries that do<span class=\"_ _0\"></span> notresult in a loss of control are accounted for as equitytransactions. The carrying amounts of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erestand the non<span class=\"ws7\">-contr</span>olling<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>interests are adjusted to reflect t<span class=\"_ _6\"></span>hechanges in thei<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ive interes<span class=\"_ _0\"></span>ts in the subsidi<span class=\"_ _0\"></span>aries. Anydifference between <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> amount by w<span class=\"_ _0\"></span>hich the non<span class=\"_ _0\"></span>-controllinginterests are adjusted and <span class=\"_ _0\"></span>the fair value<span class=\"_ _0\"></span> of the consi<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>ationpaid or received i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecogniz<span class=\"_ _0\"></span>ed directly in equity and attributedto owners of the co<span class=\"_ _0\"></span>mpany.<span class=\"ws7\"> </span>Where a business combina<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on is achieved i<span class=\"_ _0\"></span>n st<span class=\"_ _a\"></span>ages, theGroup\u2019s previously hel<span class=\"_ _0\"></span>d interest<span class=\"_ _a\"></span>s in the acqui<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> ent<span class=\"_ _a\"></span>ity areremeasured to f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value at the acquisition date (i.e. the datethe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Group <span class=\"_ _6\"></span>attains <span class=\"_ _0\"></span>cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> and the resulting gai<span class=\"_ _0\"></span>n or<span class=\"_ _a\"></span> loss, if any,is recognized<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> or loss. A<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ounts arisi<span class=\"_ _0\"></span>ng from interestsin the acquiree prior to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>date that havepreviously be<span class=\"_ _0\"></span>en r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n other comprehensive incomeare reclassified to profit or loss, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>such t<span class=\"_ _a\"></span>reatment wouldbe appropriate if <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hat interes<span class=\"_ _0\"></span>t were disposed of.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Goodwill and fair val<span class=\"_ _0\"></span>ue adjustment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>ising on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onof a foreign entity are treated as loca<span class=\"_ _0\"></span>l curr<span class=\"_ _a\"></span>ency assets andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies of the foreign en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y an<span class=\"_ _0\"></span>d<span class=\"ws7\"> </span>are translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he closi<span class=\"_ _0\"></span>ngrate. Biolo<span class=\"_ _a\"></span>gical asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF group onl<span class=\"_ _0\"></span>y r<span class=\"_ _a\"></span>ecognizes a<span class=\"_ _0\"></span> biolog<span class=\"_ _0\"></span>ical asset or\u201cconsumable biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal asset\u201d when i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> controls the asset as aresult of past events, when it is probabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> futu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e economicbenefits associated wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>the asset will<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low to <span class=\"ls14f ws170\">the</span> SI<span class=\"_ _6\"></span>PEF groupand when the fair<span class=\"_ _0\"></span> value or cost of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset can be<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>edreliabl<span class=\"_ _0\"></span>y.<span class=\"_ _6\"></span> The biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> asset <span class=\"_ _6\"></span>of pal<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> oi<span class=\"_ _0\"></span>l is defined as the oi<span class=\"_ _0\"></span>l containedin the<span class=\"_ _0\"></span> palm fruit, so<span class=\"_ _0\"></span> that the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>air<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> this distinct asset<span class=\"_ _0\"></span> canbe estimated reliabl<span class=\"_ _0\"></span>y.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF group has opted<span class=\"_ _0\"></span> to measure bi<span class=\"_ _0\"></span>ologi<span class=\"_ _0\"></span>ca<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>of<span class=\"_ _0\"></span> rubberat fair value at the poi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f harvest in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S41.32 and no<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> measure i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value as it grow<span class=\"_ _0\"></span>s less coststo sell in<span class=\"_ _0\"></span> accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span> IAS 41<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>10<span class=\"_ _0\"></span>c as it<span class=\"_ _0\"></span> is<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> opinion thatall pa<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ameters used in an<span class=\"_ _0\"></span>y alter<span class=\"_ _a\"></span>native <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>ement(fut<span class=\"_ _a\"></span>ure production<span class=\"_ _0\"></span>s,<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmination of the start o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the life cycle,cost allocation,\u2026) are clearly unrel<span class=\"_ _0\"></span>iable. As a con<span class=\"_ _0\"></span>sequenceall al<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ernative fair value measurements are also cons<span class=\"_ _0\"></span>ideredclearly unrel<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e.<span class=\"ws7\"> </span>The biol<span class=\"_ _0\"></span>ogical <span class=\"ws7\">assets <span class=\"_ _0\"></span></span>of bananas<span class=\"_ _0\"></span> <span class=\"ls156 ws194\">are<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>measured<span class=\"_ _0\"></span> at fair val<span class=\"_ _0\"></span>ueas it grows less costs to sell<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> taking<span class=\"_ _0\"></span> into account t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t all theparameters for the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value cal<span class=\"_ _0\"></span>culation are availabl<span class=\"_ _0\"></span>e andreliabl<span class=\"_ _0\"></span>e.<span class=\"_ _a\"></span>  A gain or l<span class=\"_ _0\"></span>oss ar<span class=\"_ _a\"></span>ising<span class=\"_ _0\"></span> on initial recognition of a bi<span class=\"_ _0\"></span>olog<span class=\"_ _a\"></span>ical asseat fair value<span class=\"_ _0\"></span> less estimated<span class=\"_ _0\"></span> point of sale cos<span class=\"_ _0\"></span>ts and <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>rom thechange in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue less estimated point of sale costs of abiol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> asset is included in net profit or loss i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod i<span class=\"_ _0\"></span>nwhich <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span> arises.<span class=\"ws7\"> </span>At th<span class=\"_ _0\"></span>e time of harvest, fresh frui<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> bunch<span class=\"_ _0\"></span>es,<span class=\"_ _a\"></span> rubbe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d bananasare measured at their fair value less <span class=\"_ _0\"></span>cost<span class=\"_ _6\"></span>s to sel<span class=\"_ _0\"></span>l andtransf<span class=\"_ _a\"></span>erred to<span class=\"_ _0\"></span> inventories. <span class=\"ws7\"> </span>Goodw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Goodwill represents the excess of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he cost of <span class=\"_ _0\"></span>the businesscombination over the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest in <span class=\"_ _0\"></span>the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value ofthe identifiable <span class=\"_ _0\"></span>asset<span class=\"_ _6\"></span>s, li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lities <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ilitiesacquired in <span class=\"_ _0\"></span>a business combination. Goodwill is no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> amortizedbut reviewed for impairment at least annually. For the purposeof testing goodw<span class=\"_ _0\"></span>ill for impairment, goodwi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> is allocated tooperating companies w<span class=\"_ _0\"></span>hic<span class=\"_ _6\"></span>h i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level at which thegoodwill<span class=\"_ _0\"></span> is monitored for internal <span class=\"_ _0\"></span>management purposes<span class=\"_ _0\"></span> (i.e.cash flow <span class=\"_ _7\"> </span>gene<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ating <span class=\"_ _7\"> </span>unit). Any impairment is immediatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income statement and<span class=\"_ _0\"></span> is not subsequentlyreversed. Negative good<span class=\"_ _0\"></span>w<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epresents the excess of the <span class=\"_ _0\"></span>Group\u2019sinterest in the fair value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the net identifiable assets acqui<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edover the cost o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. Negative goodw<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l is i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>iatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income stat<span class=\"_ _6\"></span>emen<span class=\"_ _0\"></span>t.<span class=\"ws7\"> </span>Inta<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Intangible assets incl<span class=\"_ _0\"></span>ude computer software<span class=\"_ _0\"></span> and variouslicenses. Intangibl<span class=\"_ _0\"></span>e asset<span class=\"_ _a\"></span>s are capitalized<span class=\"_ _0\"></span> and amor<span class=\"_ _a\"></span>tizedusing the straight<span class=\"ws7\">-</span>line method ove<span class=\"_ _0\"></span>r their useful l<span class=\"_ _0\"></span><span class=\"ls14f ws170\">ife. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Pr<span class=\"_ _0\"></span>operty,<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Property, plant and equipment, including i<span class=\"_ _0\"></span>nvestm<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> propertyand bearer plants,<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>stated at<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulateddepreciation and an<span class=\"_ _0\"></span>y accum<span class=\"_ _a\"></span>ulated impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses.Borrowing costs attributable to the const<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>uction or<span class=\"_ _0\"></span> productionof qualifying asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are capi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>ized. Expenses <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or the<span class=\"_ _0\"></span> repair ofproperty, plant and<span class=\"_ _0\"></span> equipment are usuall<span class=\"_ _0\"></span>y charged agai<span class=\"_ _0\"></span>nstincome when i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed. <span class=\"ws7\"> </span>Property held for sale, if any, is stated a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the low<span class=\"_ _0\"></span>er ofamortized cost and fair value l<span class=\"_ _0\"></span>ess selli<span class=\"_ _0\"></span>ng charges.<span class=\"ws7\"> </span>In accordance with the amendments to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 16 and IAS 41,bearer plants are s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulated depreci<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onand any accumulated<span class=\"_ _0\"></span> impairment losses. <span class=\"_ _0\"></span>All costs rel<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng tothe maintenance of the bearer plants<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> includ<span class=\"_ _0\"></span>ing fert<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>lisation, i<span class=\"_ _0\"></span>scapitali<span class=\"_ _0\"></span>sed as lon<span class=\"_ _a\"></span>g as the bearer plants are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mature..Depreciation<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mences w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>en the bearer plants havebecome mature and<span class=\"_ _0\"></span> the produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of biol<span class=\"_ _0\"></span>ogical assets starts.Depreciation<span class=\"_ _0\"></span> is calculated using the str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>line<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ethodbased on the estima<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed u<span class=\"_ _0\"></span>sef<span class=\"_ _a\"></span>ul l<span class=\"_ _0\"></span>ives of the related asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Buil<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _2\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 30 yea<span class=\"_ _0\"></span>rs</span> Infr<span class=\"_ _a\"></span>astructure<span class=\"_ _0\"></span> <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 25 yea<span class=\"_ _0\"></span>rs</span> Installations and machine<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Vehicl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">3 to 20 years<span class=\"_ _0\"></span></span> Off<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce equipment and furniture<span class=\"_ _0\"></span> <span class=\"_ _f6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 10 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant and equi<span class=\"_ _0\"></span>pment <span class=\"_ _84\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">2 to 20 yea<span class=\"_ _0\"></span>rs</span> Bearer plants <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span>20 to 25<span class=\"_ _0\"></span> yearsLand is not amortized<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group presents the cost of<span class=\"ws7\"> <span class=\"_\"> </span></span>land rights as<span class=\"ws7\"> <span class=\"_\"> </span></span>a <span class=\"_ _0\"></span>part ofproperty,<span class=\"_ _a\"></span> plant<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>&amp; equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, consistently with practices in theindustry and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> guidance<span class=\"_ _0\"></span> in that<span class=\"_ _a\"></span> respect. In addition,The Group closely moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors the<span class=\"_ _0\"></span> situation of each lan<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>le interms of renew<span class=\"_ _0\"></span>al and only depreciates its lan<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ights if<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> isan indi<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion that the land title might not be renewed. <span class=\"_ _0\"></span>Therenewal costs of<span class=\"_ _0\"></span> land rights are also <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ecognized as l<span class=\"_ _0\"></span>and rightsand are amortized over <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>erm o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> renewal.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Leases<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Assets, represent<span class=\"_ _a\"></span>ing the right to use the underlying l<span class=\"_ _0\"></span>easedasset, are capitali<span class=\"_ _0\"></span>zed as property, pl<span class=\"_ _0\"></span>ant<span class=\"_ _a\"></span> and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent atcost, comprising the<span class=\"_ _0\"></span> amount of<span class=\"_ _0\"></span> the ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al measurement oflease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, any lease payments<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ade a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> before thecommencement date less any lease i<span class=\"_ _0\"></span>ncentives received, anyinitial direct costs and <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>estoration costs. T<span class=\"_ _0\"></span>he correspondinglease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies, representing the net present<span class=\"_ _0\"></span> value of the leasepayments, ar<span class=\"_ _a\"></span>e recognized as l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-</span>term<span class=\"_ _a\"></span> or current liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>iesdepending<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>he period in which they are due. Leased assetsand liab<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ities are recognized for all l<span class=\"_ _0\"></span>eases with a ter<span class=\"_ _0\"></span>m of morethan 12 months, unless the<span class=\"_ _0\"></span> underlying asset is of<span class=\"_ _0\"></span> low value. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>paym<span class=\"_ _a\"></span>ents are discounted using the l<span class=\"_ _0\"></span>essee<span class=\"_ _6\"></span>\u2019sincremental borrowing rate, being the rate that the lesseewould ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>o pa<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o borrow the funds necessary to obtain anasset of simil<span class=\"_ _0\"></span>ar value in a simil<span class=\"_ _0\"></span>ar economic environment wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hsimilar terms and conditions. The<span class=\"_ _0\"></span> interest rate impl<span class=\"_ _0\"></span>icit in thelease coul<span class=\"_ _0\"></span>d <span class=\"_ _6\"></span>not be determined. Al<span class=\"_ _0\"></span>l cash flo<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>s relating to theleases are incl<span class=\"_ _0\"></span>uded in the increase/decrease of the short <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ermor long term financial <span class=\"_ _8\"> </span>borrowings <span class=\"_ _8\"> </span>(f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancing act<span class=\"_ _a\"></span>ivities) i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>hecash flow statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Lease interest i<span class=\"_ _0\"></span>s charged <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement<span class=\"_ _0\"></span> as aninterest expense. <span class=\"ws7\"> </span>Leased assets are de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciated, usi<span class=\"_ _0\"></span>ng str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>linedepreciation over <span class=\"_ _0\"></span>the lease ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>, incl<span class=\"_ _0\"></span>uding the <span class=\"_ _0\"></span>period ofrenewable <span class=\"_ _0\"></span>opt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, in case it is probable that the option wil<span class=\"_ _0\"></span>l beexercised. Lessee accou<span class=\"_ _0\"></span>nti<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Due to the nature of <span class=\"ffa1 ws16c\">the Group\u2019s</span><span class=\"ws7\"> <span class=\"_ _84\"> </span></span>busine<span class=\"_ _0\"></span>ss whereby theoperations are pri<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arily <span class=\"_ _0\"></span>taking place in <span class=\"_ _0\"></span>relatively remoteareas, the Group owns most of the assets used. There<span class=\"_ _0\"></span>for<span class=\"_ _6\"></span>e,there is <span class=\"_ _6\"></span>onl<span class=\"_ _0\"></span>y a limited amount of<span class=\"_ _0\"></span> leases which qu<span class=\"_ _0\"></span>alify for<span class=\"_ _a\"></span> leaseaccounting. The three mai<span class=\"_ _0\"></span>n cat<span class=\"_ _a\"></span>egories consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>Office rental<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> most o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> office rentals are lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m </span></span>leases, the main areas<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagement action<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>r<span class=\"ws7\">equired:  </span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">D<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>ermining the lease <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>erm<span class=\"_ _0\"></span>;<span class=\"ws7\"> </span></span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>alcu<span class=\"_ _a\"></span>lating the incremental borrowi<span class=\"_ _0\"></span>ng r<span class=\"_ _a\"></span>ate.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Co<span class=\"_ _0\"></span>mpany cars<span class=\"ls7 ws7\"> </span>Company cars in Bel<span class=\"_ _0\"></span>gium meet t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> definition of a l<span class=\"_ _0\"></span>ease and therefor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> appr<span class=\"_ _a\"></span>oach as o<span class=\"_ _0\"></span>ff<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce rentals wi<span class=\"_ _0\"></span>ll be applied.Papua<span class=\"ls7 ws7\">-<span class=\"ls158 ws199\">New<span class=\"_ _0\"></span></span>-<span class=\"ls155 ws18d\">Gui<span class=\"_ _6\"></span>nea land ri<span class=\"_ _6\"></span>ghts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span></span>In the Group\u2019s <span class=\"ws166\">subsidiary Hargy Oil P<span class=\"_ _0\"></span>alms Ltd in Papua</span>-N<span class=\"_ _0\"></span>ew-Guinea, a part o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land rights include a <span class=\"_ _0\"></span>fixed annual rentalpayment for<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> usuf<span class=\"_ _a\"></span>ruct of the land, as well<span class=\"_ _0\"></span> as a variab<span class=\"_ _a\"></span>leroyalty depending on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> production level<span class=\"_ _0\"></span>s of the yearmeasured in tons FFB. <span class=\"_ _6\"></span>The annu<span class=\"_ _0\"></span>al fixed rental payment meet<span class=\"_ _6\"></span>sthe definition of a lease, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eb<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> lease term<span class=\"_ _a\"></span> of asset hasbeen determined<span class=\"_ _0\"></span> as the ave<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>age li<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>an of an<span class=\"_ _0\"></span> oil pa<span class=\"_ _0\"></span>lm (<span class=\"_ _a\"></span>25years).  Lessor accou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ing<span class=\"ws7\"> </span>The Group has no contracts t<span class=\"_ _a\"></span>hat coul<span class=\"_ _0\"></span>d lead to lessoraccounting.  Impair<span class=\"_ _0\"></span>ment of ass<span class=\"_ _0\"></span>ets<span class=\"ls7 ws7\"> </span>Property, plant and equipment<span class=\"ws7\"> <span class=\"_ _4\"></span></span>(incl<span class=\"_ _0\"></span>uding bearer plants) a<span class=\"_ _0\"></span>ndother non<span class=\"ws7\">-</span>current assets<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> impairment losseswhenever events o<span class=\"_ _0\"></span>r changes in ci<span class=\"_ _0\"></span>rcum<span class=\"_ _a\"></span>stances i<span class=\"_ _0\"></span>ndicate thatthe carrying amount may be higher than the recover<span class=\"_ _a\"></span>ableamount. An impairment loss is recognized for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount bywhich <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he carrying amount of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset exceeds itsrecoverable amount, which is the<span class=\"_ _0\"></span> higher of an asset\u2019s ne<span class=\"_ _0\"></span>tselling price and its val<span class=\"_ _0\"></span>ue i<span class=\"_ _6\"></span>n use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span> the purpose of assessingimpairment, assets are grouped <span class=\"_ _0\"></span>at the low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthere are separat<span class=\"_ _a\"></span>ely i<span class=\"_ _0\"></span>dent<span class=\"_ _a\"></span>ifiabl<span class=\"_ _0\"></span>e cash f<span class=\"_ _a\"></span>lows. If impairment isno longer j<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>uture periods du<span class=\"_ _0\"></span>e to a recovery in asse<span class=\"_ _0\"></span>ts\u2019fair value or value i<span class=\"_ _0\"></span>n<span class=\"ws7\"> </span>use, the impairment reserve<span class=\"_ _0\"></span> is reversed.Fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Classification and measurement of financial inst<span class=\"_ _0\"></span>rumentsFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies are recognised w<span class=\"_ _0\"></span>hena <span class=\"_ _0\"></span>Group<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y becomes a party to the contractual provisi<span class=\"_ _0\"></span>onsof the instrument.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial l<span class=\"_ _0\"></span>iabilities are initially measuredat fair value<span class=\"_ _0\"></span>. Transaction costs <span class=\"_ _0\"></span>that are directly at<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ributable tothe acquisition or i<span class=\"_ _0\"></span>ssue of<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> assets and financialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies (other than <span class=\"_ _0\"></span>financial assets and financi<span class=\"_ _0\"></span>al liabilities atfair value through profit or loss) are added to or deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>romthe fair value<span class=\"_ _0\"></span> of the <span class=\"_ _0\"></span>financial assets or<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abilities, asappropriate, on initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ition<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansa<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on costs direct<span class=\"_ _a\"></span>lyattr<span class=\"_ _a\"></span>ibutable to<span class=\"_ _0\"></span> the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets or <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies at fair value th<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough profit or loss <span class=\"_ _0\"></span>are recognisedimmediately in <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ofit or loss.<span class=\"ws7\"> </span>The financi<span class=\"_ _0\"></span>al assets include the investments in equityinstruments designated at fair value<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hrough othercomprehensive income, loans to related parties, <span class=\"_ _0\"></span>receivablesincluding trade receivabl<span class=\"_ _0\"></span>es and other recei<span class=\"_ _0\"></span>vables, derivativefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments, financial<span class=\"_ _0\"></span> assets at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>fair value throughprofit or<span class=\"_ _0\"></span> loss, cash and<span class=\"_ _0\"></span> cash equivalen<span class=\"_ _0\"></span>ts. The acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons andsales of financial<span class=\"_ _0\"></span> assets ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognised at<span class=\"_ _0\"></span> the transactiondate.  Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> <span class=\"ls156 ws188\">debt<span class=\"_ _0\"></span> instrumen<span class=\"_ _0\"></span>ts</span> </span></span>All<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnised financial assets are subsequently measured<span class=\"_ _0\"></span> intheir entirety at<span class=\"_ _a\"></span> eithe<span class=\"_ _0\"></span>r am<span class=\"_ _a\"></span>ortised cost or <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value, depend<span class=\"_ _0\"></span>ingon <span class=\"_ _0\"></span>the classification of the financial assets. Debt instrum<span class=\"_ _a\"></span>entsthat meet <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing conditions are subseque<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y measur<span class=\"_ _a\"></span>edat amortised cost:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s held <span class=\"_ _a\"></span>within <span class=\"_ _0\"></span>a busi<span class=\"_ _a\"></span>ness model who<span class=\"_ _0\"></span>seobjective i<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>to hold financial assets in order t<span class=\"_ _6\"></span>o col<span class=\"_ _0\"></span>leccontractual cash flows; and<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The contract<span class=\"_ _a\"></span>ual te<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ms of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he financial<span class=\"_ _0\"></span> asset give rise onspecified dates to cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t are solel<span class=\"_ _0\"></span>y payment<span class=\"_ _a\"></span>s oprincipal<span class=\"_ _0\"></span> and i<span class=\"_ _a\"></span>nterest on t<span class=\"_ _a\"></span>he p<span class=\"_ _0\"></span>rincipal amounoutstanding. Debt instruments include:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Receivables measured at</span> <span class=\"ws166\">amortised cost</span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Trade receivables measured at amortised cost<span class=\"_ _0\"></span> </span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Cash and cash equi<span class=\"_ _0\"></span>valents </span><span class=\"ff9a\"> </span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">O<span class=\"_ _a\"></span>ther investments and<span class=\"_ _0\"></span> deposits<span class=\"ff9a ws7\"> </span></span></span>Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> </span></span>investments in equ<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y instrum<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span>On initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnition, t<span class=\"_ _a\"></span>he Group made an ir<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>evo<span class=\"_ _0\"></span>cable election(on an instrument<span class=\"ws7\">-<span class=\"ls14d ws161\">by</span>-</span>instrument basis) to de<span class=\"_ _0\"></span>signateinvestments in equity instruments as at FVTOCI<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Investmentsin equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umen<span class=\"_ _0\"></span>ts at F<span class=\"_ _0\"></span>VTOCI ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> initially measured at<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>airvalue pl<span class=\"_ _0\"></span>us t<span class=\"_ _a\"></span>ransaction costs. Subsequently, they aremeasured at fair<span class=\"_ _0\"></span> value with gains an<span class=\"_ _0\"></span>d losses arisi<span class=\"_ _0\"></span>ng fr<span class=\"_ _6\"></span>omchanges in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue recognised in other<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>prehensiveincome and accumulated in the <span class=\"_ _0\"></span>investm<span class=\"_ _a\"></span>ent\u2019s <span class=\"_ _4f\"> </span>revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onreserve. The cumulative gain or loss w<span class=\"_ _0\"></span>ill not be reclassified toprofit or<span class=\"_ _0\"></span> loss on di<span class=\"_ _0\"></span>sposal of the<span class=\"_ _0\"></span> equity investments, instead,they will<span class=\"_ _0\"></span> be tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>to retained earnings. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Amortised cost and effective <span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>nterest method<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The effective interest method i<span class=\"_ _0\"></span>s a method of calcul<span class=\"_ _0\"></span>ating the amortised cost of a de<span class=\"_ _0\"></span>bt<span class=\"_ _a\"></span> inst<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ument and of all<span class=\"_ _0\"></span>ocating interest income over the rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> period.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>For financial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments other than pu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>sed or originated credit-<span class=\"ws166\">impaired financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s, the effective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate is </span>the rate that exactly di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ated future cash<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceipts (includi<span class=\"_ _0\"></span>ng a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l fees and points paid or received tha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> form an<span class=\"_ _0\"></span> integr<span class=\"ws166\">al part of the<span class=\"_ _0\"></span> ef<span class=\"_ _a\"></span>fective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate, transaction costs<span class=\"_ _0\"></span> </span>and other premiums or discounts)<span class=\"_ _0\"></span> excluding expected credit losses, through the expected li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>e of the<span class=\"_ _0\"></span> debt instrument, or, where appropriate, a shorter<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod, to the g<span class=\"_ _0\"></span>ross carrying amount of the deb<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span><span class=\"ws7\"> <span class=\"ws166\">instrument on initial<span class=\"_ _0\"></span> recognition. <span class=\"_ _0\"></span></span> </span>The amortised cost of a<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset is the amount a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> which <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he fina<span class=\"_ _0\"></span>ncial asset is measured at initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition minus the principal<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epayments, plus the cumulative amortization using the effective interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method <span class=\"_ _0\"></span>of any difference between that ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al amount and the maturity amount, adjusted for any l<span class=\"_ _0\"></span>oss allowan<span class=\"_ _0\"></span>ce.<span class=\"_ _6\"></span> On the o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her hand, the gross carrying amount<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset is the amortised cost of a fina<span class=\"_ _0\"></span>ncial asset before adjusting for anyloss all<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ance.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>Derecogn<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>tion of financial assets <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group de<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnises a fina<span class=\"_ _0\"></span>ncial asset only w<span class=\"_ _0\"></span>hen thecontractual rights to<span class=\"_ _0\"></span> the cash flow<span class=\"_ _0\"></span>s from the<span class=\"_ _0\"></span> asset expire orwhen i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> transfers the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset and substantially all<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>herisks and rewards of<span class=\"_ _0\"></span> ownership of the asset<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>another party.If the Group<span class=\"_ _0\"></span> neither transfer<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> nor retains <span class=\"_ _0\"></span>substant<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly all therisks and rewards of ownership and continu<span class=\"_ _0\"></span>es t<span class=\"_ _6\"></span>o control thetransf<span class=\"_ _a\"></span>erred asset, <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group recognises its retained interest inthe asset and<span class=\"_ _0\"></span> an associated<span class=\"_ _0\"></span> liability for a<span class=\"_ _0\"></span>mount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> it may haveto pay. If the Group retains substantially all<span class=\"_ _0\"></span> the risks andrewards of ow<span class=\"_ _0\"></span>nership of a<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ransferred<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset, theGroup continues to <span class=\"_ _0\"></span>recognise the financi<span class=\"_ _0\"></span>al asset and alsorecognises a col<span class=\"_ _0\"></span>later<span class=\"_ _a\"></span>alised borrowing for the proceedsreceived. On derecognition of a financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> measured at amortisedcost, the difference between <span class=\"_ _0\"></span><span class=\"ls156 ws194\">a) <span class=\"_ _4\"></span></span>the asset\u2019s carrying amountand <span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>the sum of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> consideration received and <span class=\"_ _0\"></span>receivableis recognised<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it or loss. In addition, on derecognition ofan investment i<span class=\"_ _0\"></span>n equity instru<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent w<span class=\"_ _0\"></span>hich the Group ha<span class=\"_ _0\"></span>selected on initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition to measure at FVTOCI,<span class=\"_ _a\"></span> thecumulative gain or loss previ<span class=\"_ _0\"></span>ously accumulated in theinvestment\u2019s revaluation reserve is no<span class=\"_ _0\"></span>t reclassified to profit orloss. Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s<span class=\"ls7\"> </span>All<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nanc<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al liabilities of the Group are subsequently measuredat amortised cost using <span class=\"_ _0\"></span>the effective interest method. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group derecogni<span class=\"_ _0\"></span>ses f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al liabilities when, and onlywhen, the Group\u2019s ob<span class=\"_ _0\"></span>ligations are discharged,<span class=\"_ _0\"></span> cancelled orthey expire. The<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erence be<span class=\"_ _0\"></span>tween the ca<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ryi<span class=\"_ _0\"></span>ng amount ofthe financial l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ility derecognised<span class=\"_ _0\"></span> and the consideration paidImpairmen<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> <span class=\"ws166\">of financial assets</span><span class=\"ff9c\"> </span></span>In relation to the impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment of financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s an expectedcredit loss model i<span class=\"_ _0\"></span>s app<span class=\"_ _6\"></span>li<span class=\"_ _0\"></span>ed. The expected credit loss moderequires the Group <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o acco<span class=\"_ _0\"></span>unt fo<span class=\"_ _0\"></span>r expect<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> losses andchanges in those expected credit losse<span class=\"_ _0\"></span>s at<span class=\"_ _6\"></span> ea<span class=\"_ _0\"></span>ch r<span class=\"_ _a\"></span>eportingdate to reflect changes in credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> risk si<span class=\"_ _0\"></span>nce initial recognition ofthe financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. Speci<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icall<span class=\"_ _0\"></span>y,<span class=\"_ _a\"></span> the following assets areinclud<span class=\"_ _0\"></span>ed <span class=\"_ _6\"></span>in the scope for impairment assess<span class=\"_ _0\"></span>ment f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> theGroup: 1) trade<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es; 2)<span class=\"_ _6\"></span> no<span class=\"_ _0\"></span>n<span class=\"ws7\">-</span>current receivab<span class=\"_ _0\"></span>les andloans to related par<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es; 3) cash and cash equi<span class=\"_ _0\"></span>valents.<span class=\"ws7\"> </span>IFRS 9 requires the Group to record expected cr<span class=\"_ _a\"></span>edit losses onall of its debt<span class=\"_ _0\"></span> securities, loans an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>rade<span class=\"_ _0\"></span> receivables, e<span class=\"_ _0\"></span>ither ona 12-month or lifetime<span class=\"_ _0\"></span> basis. The Group has<span class=\"_ _0\"></span> applied thesimpli<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed approach and records lifetime expected losses onall trade receivabl<span class=\"_ _0\"></span>es.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>IFRS 9 requires the Group to m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he l<span class=\"_ _0\"></span>oss allowance fora financial<span class=\"_ _0\"></span> instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> at an amount equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o t<span class=\"_ _0\"></span>he li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>etimeexpected credit losses if <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>sk on that fina<span class=\"_ _0\"></span>ncialinstrument has increased si<span class=\"_ _0\"></span>gnificantly since ini<span class=\"_ _0\"></span>tial recognition.On the other hand, i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the credit risk on a <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumenthas not increased signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icantly si<span class=\"_ _0\"></span>nce initial recogni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, theGroup is requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easure <span class=\"_ _0\"></span>the loss<span class=\"_ _0\"></span> allowance for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>tfinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument at an amount eq<span class=\"_ _0\"></span>ual to 12month expectedcredit losses. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>For long term <span class=\"_ _0\"></span>receivables IFRS 9 <span class=\"_ _0\"></span>pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>des a choi<span class=\"_ _0\"></span>ce t<span class=\"_ _a\"></span>omeasure expected credit losses applyi<span class=\"_ _0\"></span>ng lifetime or <span class=\"ls14d ws161\">a </span>general(3 stages of expected c<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edit loss assessment)<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>expected creditlosses model. The G<span class=\"_ _0\"></span>roup selected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> general model<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Al<span class=\"_ _0\"></span>l bankbalances are assessed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or expec<span class=\"_ _0\"></span>ted credit losses as<span class=\"_ _0\"></span> well. <span class=\"ws7\"> </span>and payable, i<span class=\"_ _0\"></span>nclud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng any non<span class=\"ws7\">-</span>cash assets transferred orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies assumed, is recognised<span class=\"_ _0\"></span> in profit or loss. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Receivables and p<span class=\"_ _0\"></span>ay<span class=\"_ _6\"></span>ables<span class=\"ws7\"> </span>The Group initially measures an amount receivable andpayable at fair value. For<span class=\"_ _0\"></span> the am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> receivables, thetransaction price is deemed to be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o the fair value<span class=\"_ _0\"></span>Subsequently, these amount receivables are carried atamortized cost using the effective <span class=\"_ _8\"> </span>interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method less an<span class=\"_ _0\"></span>yallowance for expected credit losse<span class=\"_ _0\"></span>s. For <span class=\"_ _4\"></span>amounts <span class=\"_ _8\"> </span>payable,the tr<span class=\"_ _a\"></span>ansaction price i<span class=\"_ _0\"></span>s deemed t<span class=\"_ _a\"></span>o be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the fair value.Subsequently, <span class=\"_ _c\"> </span><span class=\"ws15d\">these<span class=\"_ _0\"></span> amount payables<span class=\"_ _0\"></span></span> <span class=\"_ _c\"> </span>are car<span class=\"_ _0\"></span>ried atamortized cost using the effective interest me<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>hod. <span class=\"_ _4\"></span>Amou<span class=\"_ _0\"></span>ntsreceivable an<span class=\"_ _0\"></span>d payable in a currency other<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>han<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>funct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onalcurrency of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiary a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>evail<span class=\"_ _0\"></span>ingGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> <span class=\"ws166\">exchange rates on <span class=\"_ _0\"></span>the balance sheet date.<span class=\"_ _0\"></span></span> </span>Cash an<span class=\"_ _0\"></span>d cash equivalents<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents are measured at their a<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ortis<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> </span>value and i<span class=\"_ _0\"></span>nclude cash and deposi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>aturityof <span class=\"ls7 ws165\">less than <span class=\"_ _0\"></span><span class=\"ws166\">t<span class=\"_ _6\"></span>hree <span class=\"_ _0\"></span>months. Negative cash bal<span class=\"_ _0\"></span>ances are </span></span>recorded as liabi<span class=\"_ _0\"></span>liti<span class=\"_ _a\"></span>es.<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws7\">nvestments <span class=\"ws166\">and deposits<span class=\"_ _0\"></span></span> </span>Investm<span class=\"_ _a\"></span>ents are measured a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ir amortized value andinclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>short t<span class=\"_ _a\"></span>erm deposits with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>aturity of threemonths or <span class=\"ls14e ws164\">more<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>or other short-term monetary investments t<span class=\"_ _6\"></span>hatare readily convertible i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o a known amount o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> cash<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>han insi<span class=\"_ _0\"></span>gnifica<span class=\"_ _6\"></span>nt risk of change <span class=\"_ _0\"></span>in value.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Interest-<span class=\"_ _a\"></span><span class=\"ls155 ws18d\">beari<span class=\"_ _a\"></span>ng borrowi<span class=\"_ _a\"></span>ngs<span class=\"ls7 ws7\"> </span></span>Inter<span class=\"_ _a\"></span>est-bearing<span class=\"_ _0\"></span> bor<span class=\"_ _a\"></span>rowings are<span class=\"_ _0\"></span> measured at<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ortised costprice. <span class=\"_ _d\"> </span>Borrowings are ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly recogn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as proceedsreceived, net of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction cos<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s. Any di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ference betweencost and redemption value is <span class=\"_ _0\"></span>recognized in <span class=\"_ _0\"></span>the incomestatem<span class=\"_ _a\"></span>ent usi<span class=\"_ _0\"></span>ng the effective interest method.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Inventor<span class=\"_ _0\"></span>ies<span class=\"fs31 ls7 ws7\"> </span>Inventories are valued at the<span class=\"_ _0\"></span> lower of cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> or<span class=\"_ _0\"></span> net realizab<span class=\"_ _0\"></span>levalue. The stock <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nished goods incl<span class=\"_ _0\"></span>ude biological assets measur<span class=\"_ _a\"></span>edat fair value less cost of sale at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> date of harvest whichinclud<span class=\"_ _0\"></span>es pr<span class=\"_ _a\"></span>oduction costs. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Inventories are written down on<span class=\"_ _0\"></span> a case<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>by-case ba<span class=\"_ _0\"></span>sis if t<span class=\"_ _a\"></span>heestimated net <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value decl<span class=\"_ _0\"></span>ines below the carryingamount of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inventories. Net<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value is theestimated selling<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>ice less <span class=\"_ _0\"></span>the estimated costs<span class=\"_ _0\"></span> necessary tomake the sale. When the reason for a write<span class=\"ws7\">-</span>down of theinventories has ceased<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>, the<span class=\"_ _0\"></span> write<span class=\"ws7\">-</span>down is reversed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Assets <span class=\"_ _0\"></span>h<span class=\"_ _a\"></span>el<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> for s<span class=\"_ _0\"></span>ale<span class=\"ls7 ws7\"> </span>The Group classifies non<span class=\"_ _0\"></span>-cur<span class=\"_ _a\"></span>rent assets and dispo<span class=\"_ _0\"></span>sal groupsas held fo<span class=\"_ _0\"></span>r sale i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rying amounts w<span class=\"_ _0\"></span>ill be recoveredprincipally through a sale <span class=\"_ _0\"></span>transaction rather than th<span class=\"_ _0\"></span>roughcontinuing use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>current<span class=\"_ _a\"></span> assets and disposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oupsclassified<span class=\"_ _0\"></span> as asset<span class=\"_ _a\"></span>s held fo<span class=\"_ _0\"></span>r sale are measu<span class=\"_ _0\"></span>red at the l<span class=\"_ _0\"></span>ower oftheir carrying amount and fair value<span class=\"_ _0\"></span> less costs to sel<span class=\"_ _0\"></span>l. Costs t<span class=\"_ _6\"></span>osell are the<span class=\"_ _0\"></span> incremental costs<span class=\"_ _0\"></span> directly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> thedisposal<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> an asset (disposal group<span class=\"_ _0\"></span><span class=\"ws7\">-</span>,<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>ud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng f<span class=\"_ _a\"></span>inance costsand income tax expenses<span class=\"ws7\">)<span class=\"ls15b ws1a8\">. </span> </span>The criteria <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _0\"></span>e classification is regarded<span class=\"_ _0\"></span> as metonly whe<span class=\"_ _0\"></span>n the sale is highl<span class=\"_ _0\"></span>y probable, and the<span class=\"_ _0\"></span> asset ordisposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup is available for immediate sale i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>its presentcondition. <span class=\"_ _30\"> </span>Actions required to complete the sale shoul<span class=\"_ _0\"></span>dindicate that it i<span class=\"_ _0\"></span>s unli<span class=\"_ _0\"></span>kely that significant changes<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the sal<span class=\"_ _0\"></span>ewill be made or that the decisi<span class=\"_ _0\"></span>on to <span class=\"_ _0\"></span>sell will <span class=\"_ _0\"></span>be withdrawn.Management must be com<span class=\"_ _0\"></span>mitt<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>sell the assetand the sale expected<span class=\"_ _0\"></span> to be completed<span class=\"_ _0\"></span> within one year <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>omthe date of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> classification.<span class=\"ws7\"> </span>PP&amp;E<span class=\"_ _0\"></span> and intangible assets are not depreciated or amor<span class=\"_ _0\"></span>tisedonce classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed as held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and liabil<span class=\"_ _0\"></span>ities classifiedas held for sale are presented separately as cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent items inthe statement of fina<span class=\"_ _0\"></span>ncial <span class=\"ws7\">position<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> </span>Discontinu<span class=\"_ _0\"></span>ed operat<span class=\"_ _a\"></span>ions are excl<span class=\"_ _0\"></span>uded f<span class=\"_ _a\"></span>rom the results<span class=\"_ _0\"></span> ocontinuing op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations and are p<span class=\"_ _0\"></span>resent<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>s a single amountas profit or loss af<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>er tax <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> discontinued operations i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>heconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed income statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Shar<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>ders\u2019 e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y<span class=\"ff9a ls7 ws7\"> </span>Divi<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ends of the parent company payable on ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>y sharesare only recognized<span class=\"_ _0\"></span> as a<span class=\"_ _0\"></span> liability in the<span class=\"_ _0\"></span> period in whi<span class=\"_ _0\"></span>ch t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>yare approved. Costs incurred wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h respect to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ssuance of equityinstruments are recorded as a <span class=\"_ _0\"></span>deduct<span class=\"_ _a\"></span>ion i<span class=\"_ _0\"></span>n equity.<span class=\"ws7\"> </span>Non<span class=\"ls7 ws7\">-<span class=\"ls153 ws17d\">c<span class=\"_ _0\"></span>ontrollin<span class=\"_ _0\"></span>g interest<span class=\"_ _0\"></span></span> </span>Non-controlli<span class=\"_ _0\"></span>ng <span class=\"_ _6\"></span>interests includ<span class=\"_ _0\"></span>e a proport<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of t<span class=\"_ _6\"></span>he fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ueof identifiable assets and liabilities reco<span class=\"_ _0\"></span>gnized uponacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of a subsidi<span class=\"_ _0\"></span>ary,<span class=\"_ _6\"></span> toge<span class=\"_ _0\"></span>ther with the<span class=\"_ _0\"></span> appropr<span class=\"_ _a\"></span>iateproportion of subsequent profits an<span class=\"_ _0\"></span>d losses. <span class=\"ws7\"> </span>In the income stat<span class=\"_ _a\"></span>emen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the minority share in the company\u2019<span class=\"_ _0\"></span>sprofit or loss i<span class=\"_ _0\"></span>s separ<span class=\"_ _a\"></span>ated from the consol<span class=\"_ _0\"></span>idated result of theGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\">. </span>Tr<span class=\"_ _0\"></span>easury shares<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Own equity instruments that are reacquired (treasury shares)are recognised at cost and deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>rom equity<span class=\"_ _0\"></span>. No gain orloss is recogni<span class=\"_ _0\"></span>sed in profit or loss on the purchase, sale, issueor cancellation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the Group\u2019s ow<span class=\"_ _0\"></span>n eq<span class=\"_ _6\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>uments<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Anydifference between the carrying amount and theconsideration, if <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eissued, is<span class=\"_ _0\"></span> recognised in <span class=\"_ _0\"></span>the share<span class=\"_ _0\"></span> premium.Provisions Provision<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e recognized w<span class=\"_ _0\"></span>hen t<span class=\"_ _a\"></span>he Group <span class=\"_ _6\"></span>has a<span class=\"_ _0\"></span> present<span class=\"_ _a\"></span> legalor construct<span class=\"_ _a\"></span>ive obl<span class=\"_ _0\"></span>igation as a result of past events, when it isprobable that an outflow of resources will be required to settlethe obligation<span class=\"_ _0\"></span> an<span class=\"_ _6\"></span>d whe<span class=\"_ _0\"></span>n a<span class=\"_ _6\"></span> reli<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>le <span class=\"_ _0\"></span>est<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mat<span class=\"_ _6\"></span>e of the amount canbe made. <span class=\"ws7\"> </span>Pens<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er pos<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-<span class=\"ls153 ws17d\">empl<span class=\"_ _0\"></span>oyment</span> </span>be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"ls7 ws7\"> </span>Group companies <span class=\"_ _0\"></span>have various pensi<span class=\"_ _0\"></span>on schemes inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the l<span class=\"_ _0\"></span>ocal condition<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>and practices in thecountries they operate in. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>1. <span class=\"ls7 ws166\">Defined benefit plans<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>The defined bene<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans are generally un<span class=\"ws7\">-</span>funded but fullyprovisioned<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or usi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>he \u2018projected unit credit\u2019- <span class=\"_ _0\"></span>method. Thisprovision represents the present<span class=\"_ _0\"></span> value of the<span class=\"_ _0\"></span> defined benefitobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. The actuar<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span> gains and losses<span class=\"_ _0\"></span> are recognized i<span class=\"_ _0\"></span>nthe<span class=\"_ _0\"></span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7\"> <span class=\"_ _a\"></span><span class=\"ws165\">Comprehensive Income<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>2. <span class=\"ls155 ws18d\">Defi<span class=\"_ _6\"></span>ned contributi<span class=\"_ _a\"></span>on plans<span class=\"ls7 ws7\"> </span></span>The <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>pays contr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>butions to publicly or privatelyadministered insurance pl<span class=\"_ _0\"></span>ans. Since the <span class=\"ws7\">Group <span class=\"_ _0\"></span></span>is ob<span class=\"_ _0\"></span>liged tomake additional<span class=\"_ _0\"></span> payment<span class=\"_ _6\"></span>s i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the average return on t<span class=\"_ _a\"></span>heemployer\u2019s contribution and on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>e employees\u2019 contributionsis not<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span>tai<span class=\"_ _0\"></span>ned, those pl<span class=\"_ _0\"></span>ans should be<span class=\"_ _0\"></span> treated as <span class=\"_ _0\"></span>\u201cdef<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nedbenefit plans\u201d in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _a\"></span>AS 19.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>Share base<span class=\"_ _0\"></span>d payment<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock option plans exi<span class=\"_ _0\"></span>st within the<span class=\"_ _0\"></span> SIPEF group<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> gi<span class=\"_ _0\"></span>vingbeneficiaries<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the right<span class=\"_ _0\"></span> to buy<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF sha<span class=\"_ _0\"></span>res at<span class=\"_ _0\"></span> a predefinedprice. This price i<span class=\"_ _0\"></span>s determined a<span class=\"_ _0\"></span>t the time<span class=\"_ _0\"></span> when the optionsare granted and it is based on the ma<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ket price or the intrinsi<span class=\"_ _0\"></span>cvalue. The performance of the beneficiary is measured (at themoment of granting) on the<span class=\"_ _0\"></span> basis of the fair value o<span class=\"_ _0\"></span>f thegranted options and warrants and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized in profit and <span class=\"_ _0\"></span>losswhen the services are rendered<span class=\"_ _0\"></span> during the vesting peri<span class=\"_ _0\"></span>od.<span class=\"ws7\"> </span>Revenue r<span class=\"_ _0\"></span>ecognitio<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\"> </span>Th<span class=\"_ _0\"></span>e SIP<span class=\"_ _0\"></span>EF group<span class=\"_ _a\"></span>\u2019s core activity is the sal<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>of goods. SIPEFgroup recognises revenue at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>oment the<span class=\"_ _0\"></span> contr<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span> over theasset is transferred to the customer. The goods sol<span class=\"_ _0\"></span>d ar<span class=\"_ _a\"></span>etransport<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by ship and<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognized as <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eve<span class=\"_ _0\"></span>nue as soon as<span class=\"_ _0\"></span> thegoods are loaded onto the <span class=\"_ _0\"></span>ship. Reve<span class=\"_ _0\"></span>nue recognition occursat the moment whe<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goods are loade<span class=\"_ _0\"></span>d ont<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he shi<span class=\"_ _0\"></span>p.Revenue i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded at this po<span class=\"_ _0\"></span>int in time for all contrac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s w<span class=\"_ _0\"></span>ithinthe<span class=\"_ _a\"></span> SIPEF group. The payment terms depend on the deliveryterms of the contract and can vary be<span class=\"_ _0\"></span>tween<span class=\"ws7\"> </span>pr<span class=\"_ _a\"></span>epayment, cashagainst documents and 45 days af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er hand<span class=\"_ _0\"></span>over of the bil<span class=\"_ _0\"></span>l oflading<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>el<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>veries are at a <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed price. For<span class=\"_ _0\"></span> each contract thereis only on<span class=\"_ _0\"></span>e performance obli<span class=\"_ _0\"></span>gation which needs to<span class=\"_ _0\"></span> be fulfil<span class=\"_ _0\"></span>ledthe delivery of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goods.<span class=\"ws7\"> </span>The Group has<span class=\"_ _0\"></span> no material i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>emental<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> of obtaini<span class=\"_ _0\"></span>ng acontract which <span class=\"_ _0\"></span>would <span class=\"ls14f ws170\">fu<span class=\"_ _0\"></span>lfil<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>the<span class=\"_ _0\"></span> capitalization criteria as<span class=\"_ _0\"></span> definedby IFRS 15. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Cost of sal<span class=\"_ _0\"></span>es<span class=\"ls7 ws7\"> </span>Cost of sales incl<span class=\"_ _0\"></span>udes all costs associated with harvesttransf<span class=\"_ _a\"></span>ormation an<span class=\"_ _0\"></span>d transport<span class=\"_ _a\"></span>. Purchases are <span class=\"_ _0\"></span>recognized netof cash discounts and other suppli<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> discounts andallowances.  G<span class=\"ls153\">eneral a<span class=\"_ _0\"></span>nd adminis<span class=\"_ _0\"></span>trativ<span class=\"_ _0\"></span>e expenses <span class=\"_ _0\"></span></span> General and administrative expenses incl<span class=\"_ _0\"></span>ude expenses of themarketing and financial<span class=\"_ _0\"></span> depart<span class=\"_ _6\"></span>ment and general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagementexpenses. Income t<span class=\"_ _0\"></span>axes<span class=\"ls7 ws7\"> </span>Income tax on t<span class=\"_ _a\"></span>he pro<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss for the year comprises currenand deferred tax. Income <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax <span class=\"_ _0\"></span>is recognized<span class=\"_ _0\"></span> in the income <span class=\"_ _0\"></span><span class=\"ws7\"> </span>statem<span class=\"_ _a\"></span>ent exce<span class=\"_ _0\"></span>pt<span class=\"_ _6\"></span> to<span class=\"_ _0\"></span> the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> that it relates <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>item<span class=\"_ _a\"></span>srecognized di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ectly to equi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, i<span class=\"_ _0\"></span>n which <span class=\"_ _0\"></span>case it is <span class=\"_ _0\"></span>recognized inequity. Curren<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> tax<span class=\"_ _0\"></span> is the expected tax payabl<span class=\"_ _0\"></span>e on t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>axable i<span class=\"_ _0\"></span>ncomefor the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span>, usi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> enacted or subs<span class=\"_ _0\"></span>tantially enactedat the balan<span class=\"_ _0\"></span>ce sheet date, and any<span class=\"_ _0\"></span> adjustment to tax<span class=\"_ _0\"></span> payablein respect of previou<span class=\"_ _0\"></span>s year<span class=\"_ _a\"></span>s.<span class=\"ws7\"> </span>Deferred tax liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies and assets are recogni<span class=\"_ _0\"></span>zed fotemporar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erences<span class=\"_ _0\"></span> between <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> car<span class=\"_ _a\"></span>rying a<span class=\"_ _0\"></span>mount in thebalance sheet and the tax bases of assets and liabilities andare subsequently adj<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o reflect changes i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>atesexpected to be<span class=\"_ _0\"></span> in e<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fect when<span class=\"_ _0\"></span> the te<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porary di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferencesreverse. Deferred tax assets are incl<span class=\"_ _0\"></span>uded in the consolidatedaccounts only to the extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their realization is probab<span class=\"_ _0\"></span>le inthe foreseeable future.<span class=\"ws7\"> </span>4.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>USE OF ACCO<span class=\"_ _a\"></span>UNTING <span class=\"_ _a\"></span>ESTIMAT<span class=\"_ _6\"></span>ES ANDJUD<span class=\"_ _0\"></span>GEMENTS<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>The preparation of the consolidated financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents inconformity <span class=\"_ _4\"></span>wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS requires the <span class=\"_ _0\"></span>Gr<span class=\"_ _a\"></span>oup <span class=\"_ _8\"> </span>to use acco<span class=\"_ _0\"></span>unt<span class=\"_ _a\"></span>ingestimates and judgements and make assumptions that mayaffect<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ted amounts of assets and liabi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities at the dateof the balan<span class=\"_ _0\"></span>ce sheets and reported amounts<span class=\"_ _0\"></span> of revenue andexpense during the reporting pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ods. Act<span class=\"_ _a\"></span>ual resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s coul<span class=\"_ _0\"></span>ddiffer from those estimates.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> we present an update<span class=\"_ _0\"></span> of the mos<span class=\"_ _0\"></span>t importantjudgements <span class=\"ws165\">applicable in the <span class=\"ls14d ws161\">annual<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>report. \u2022 <span class=\"_ _81\"> </span>Judgi<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>and rights wi<span class=\"_ _0\"></span>ll not be amortized unl<span class=\"_ _0\"></span>ess t<span class=\"_ _a\"></span>hereis an ind<span class=\"_ _0\"></span>ication that t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land title might<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>no<span class=\"_ _0\"></span>t be renewed: <span class=\"_ _0\"></span>The main areas in w<span class=\"_ _0\"></span>hich estimates ar<span class=\"_ _a\"></span>e used<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Deferred tax assets<span class=\"_ _0\"></span></span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Impairment of asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"ls151 ws18b\">(good<span class=\"_ _a\"></span>will impa<span class=\"_ _a\"></span>irm<span class=\"_ _6\"></span>ent)<span class=\"ls7 ws7\"> </span></span></span></span>\u2022 <span class=\"_ _81\"> </span>Determination of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he es<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> costs related to<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> saleof PT Melania.<span class=\"ws7\"> </span>The key estimates used in the calcul<span class=\"_ _0\"></span>ation of deferred taxassets and impairment of assets (<span class=\"_ _6\"></span>goodwill im<span class=\"_ _6\"></span>pairm<span class=\"_ _6\"></span>ent) <span class=\"_ _6\"></span>testingrely on making an estimate on commodity prices over a lon<span class=\"_ _0\"></span>gerperiod. By nature,<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he co<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>ity prices used in <span class=\"_ _0\"></span>suchestimates are volatile and wi<span class=\"_ _0\"></span>ll theref<span class=\"_ _a\"></span>ore in reali<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>be differentfrom the estimated<span class=\"_ _0\"></span> amount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>There is no<span class=\"_ _0\"></span> unique independentvariable on w<span class=\"_ _0\"></span>hich a relevant sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y can<span class=\"_ _0\"></span> be done on thecalcul<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> deferred<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>. We <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>efer <span class=\"_ _0\"></span>to note 8<span class=\"_ _0\"></span> forthe goodwil<span class=\"_ _0\"></span>l impa<span class=\"_ _a\"></span>irment test<span class=\"_ _a\"></span>ing.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>The determination of the net selli<span class=\"_ _0\"></span>ng price of PT Melaniainclud<span class=\"_ _0\"></span>es an estimat<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of<span class=\"_ _6\"></span> the cos<span class=\"_ _0\"></span>ts related to the sale as agreedin the Sale and pu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>chase<span class=\"_ _0\"></span> agreem<span class=\"_ _a\"></span>ent<span class=\"_ _0\"></span> <span class=\"_\"> </span><span class=\"ffab ls14e ws164\">(\u201cS<span class=\"_ _0\"></span>PA\u201d)<span class=\"_ _0\"></span></span><span class=\"ls14f ws170\">. <span class=\"_\"> </span></span>The<span class=\"_ _0\"></span> mainestimates made include: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The <span class=\"_\"> </span>timing<span class=\"_ _0\"></span> and t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_\"> </span></span>cost of renew<span class=\"_ _0\"></span>ing the permanentconcession righ<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s (HGU)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The <span class=\"_ _8\"> </span>compensation for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> accum<span class=\"_ _a\"></span>ulated social<span class=\"_ _0\"></span> rights ofthe employed personnel,<span class=\"_ _0\"></span> who wil<span class=\"_ _0\"></span>l presumably be takenover almost entirely by<span class=\"_ _0\"></span> Shamr<span class=\"_ _a\"></span>ock <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15e ws1af\">GROUP<span class=\"_ _0\"></span> COMPA<span class=\"_ _0\"></span>NIES / CONSOLIDA<span class=\"_ _0\"></span>TION SCOP<span class=\"_ _0\"></span>E </span> The ultimate parent of <span class=\"_ _0\"></span>the <span class=\"ls14e ws164\">Grou<span class=\"_ _0\"></span>p</span>, SIPEF, Schoten/Belgi<span class=\"_ _0\"></span>um,<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ent company of <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>ollow<span class=\"_ _0\"></span>ing significant subsidiaries:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Locati<span class=\"_ _6\"></span>on<span class=\"ls7 ws7\"> </span>% of c<span class=\"_ _a\"></span>ontrol<span class=\"ls7 ws7\"> </span>% of <span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> </span>Conso<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>idated compan<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> (<span class=\"_ _a\"></span>full consolidation)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>Medan / <span class=\"ws7\">Indonesi<span class=\"_ _0\"></span>a </span>95.00 95.00 PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 90.25 PT Kerasaan Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>57.00 54.15 PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 90.25 PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 85.74 PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisesa<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 95.00 PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 95.00 PT Agro Muara Rupit<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 Hargy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Bi<span class=\"_ _0\"></span>alla<span class=\"_ _0\"></span> / Pap<span class=\"_ _0\"></span>ua N<span class=\"_ _0\"></span>.G.<span class=\"ls7\"> </span>100.00 100.00 Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> </span>Azagui\u00e9 <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> Ivory Coast<span class=\"_ _0\"></span><span class=\"ws7\"> </span>100.00 100.00 Jabelmalux S<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Luxembourg / G.D. Luxemburg<span class=\"_ _0\"></span><span class=\"ws7\"> </span>99.89 99.89 Sipef Si<span class=\"_ _0\"></span>ngapore<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>100.00 100.00 PT Agro Muko<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>100.00 95.00 PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>100.00 95.00 Associat<span class=\"_ _6\"></span>es and joint<span class=\"_ _6\"></span> ventures (equity<span class=\"_ _6\"></span> me<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hod)<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>38.00 38.00 PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>55.00 52.25 PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>38.00 36.10 Compani<span class=\"_ _a\"></span>es not i<span class=\"_ _6\"></span>ncluded<span class=\"fc28 ls7 ws7\"> </span>Horikiki Devel<span class=\"_ _0\"></span>opment<span class=\"_ _a\"></span> Cy Ltd<span class=\"ws7\"> </span>Honiara / Sol<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>on Islands<span class=\"ws7\"> </span>90.80 90.80 SIPEF has si<span class=\"_ _0\"></span>gned a sal<span class=\"_ _0\"></span>e and purchase agreemen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> with<span class=\"_ _0\"></span> Shamrock Group <span class=\"_ _0\"></span>(SG) on <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> sale of 100%<span class=\"_ _0\"></span> of the share<span class=\"_ _0\"></span> capital o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> itsIndonesian subsi<span class=\"_ _0\"></span>diary,<span class=\"_ _a\"></span> PT Melan<span class=\"_ _0\"></span>ia. In a <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>irst phase<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> 40<span class=\"_ _0\"></span>% was sold s<span class=\"_ _0\"></span>o that the S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>P<span class=\"_ _0\"></span>EF group now<span class=\"_ _0\"></span> owns only 55% o<span class=\"_ _0\"></span>f the share <span class=\"_ _0\"></span>capital.Howeve<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>, upo<span class=\"_ _0\"></span>n sign<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SPA, SIPEF has lost f<span class=\"_ _a\"></span>ull<span class=\"_ _0\"></span> cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> PT Melania. Subsequently, PT Melania has been accounted for asa joint venture held for sale as from 30 April 2021. The assets and liabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies of PT Melania have been<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easured at fai<span class=\"_ _0\"></span>r value, equallingthe net selling pri<span class=\"_ _0\"></span>ce of<span class=\"_ _a\"></span> KUS<span class=\"_ _0\"></span>D 23 353. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>As of 30 April 20<span class=\"_ _0\"></span>21,<span class=\"_ _a\"></span> the results of PT Melan<span class=\"_ _0\"></span>ia are no longer included in the consol<span class=\"_ _0\"></span>idated prof<span class=\"_ _a\"></span>it and loss of the SIPEF group <span class=\"_ _4\"></span>as PTMelania i<span class=\"_ _0\"></span>s classified as a joint venture held for sale.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Despite <span class=\"_ _9\"> </span>the possession <span class=\"_ _0\"></span>of the maj<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ity <span class=\"_ _0\"></span>of voting <span class=\"_ _0\"></span>rights, the<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>rou<span class=\"_ _0\"></span>p has no<span class=\"_ _0\"></span> control ove<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">non</span>-consolidated <span class=\"_ _9\"> </span>company HorikikiDevelop<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent Cy Ltd<span class=\"ws7\"> because <span class=\"ls151 ws18b\">it is<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> <span class=\"ws165\">establi<span class=\"_ _0\"></span>shed in inaccessible regions<span class=\"ws166\">. Even so <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>here is no val<span class=\"_ _0\"></span>ue in Horikiki<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span></span></span></span></span></span>There are no restrictions to<span class=\"_ _0\"></span> r<span class=\"ws7\">ealis</span>e assets and <span class=\"ls14f ws170\">s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>e <span class=\"ls151 ws172\">liabilit<span class=\"_ _6\"></span>ies<span class=\"_ _6\"></span> <span class=\"ls14d ws161\">of<span class=\"ls7 ws7\"> subsidiari<span class=\"_ _0\"></span>es<span class=\"fc29\">.<span class=\"_ _a\"></span><span class=\"fc25\">  </span></span></span></span></span></span>6.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">EXCHANG<span class=\"_ _6\"></span>E RATES<span class=\"ls7 ws7\"> </span></span>As a result<span class=\"_ _0\"></span> of a revised li<span class=\"_ _0\"></span>quidity<span class=\"ws7\">- <span class=\"_ _8\"> </span></span>and debt<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>agement as from the end<span class=\"_ _0\"></span> of 2006 the<span class=\"_ _0\"></span> functional currency in <span class=\"_ _0\"></span>the majority of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hesubsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ies has been<span class=\"_ _0\"></span> changed to US dollar as from January 1, 200<span class=\"_ _0\"></span>7. The foll<span class=\"_ _0\"></span>owing subsidiar<span class=\"ws7\">y <span class=\"ls14d ws161\">ha</span>s </span>a different functional<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency:<span class=\"ws7\"> </span>Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> <span class=\"_ _16\"> </span> <span class=\"_ _b6\"> </span><span class=\"ff9c ls152 ws179\">EUR</span><span class=\"ff9c\"> </span></span>The exchange rates below<span class=\"_ _0\"></span> have been used to convert <span class=\"_ _0\"></span>the balance sheets and the resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s of<span class=\"_ _0\"></span> these entities into U<span class=\"_ _0\"></span>S dollar (this <span class=\"_ _0\"></span>is thecurrency in which the <span class=\"ws7\">G<span class=\"_ _0\"></span>roup <span class=\"_ _a\"></span><span class=\"ws166\">presents i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>).<span class=\"ws7\"> </span></span></span>Closi<span class=\"_ _a\"></span>ng rat<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>Average rate<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>EUR<span class=\"ls7 ws7\"> </span>0.9393 0.8816 0.9533 0.8480 7.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">OPERAT<span class=\"_ _6\"></span>IONAL RESUL<span class=\"_ _a\"></span>T AND <span class=\"ls150 ws16e\">S<span class=\"_ _0\"></span>EGMENT IN<span class=\"_ _0\"></span>FORM<span class=\"_ _0\"></span>ATION<span class=\"_ _0\"></span><span class=\"ls7 ws7\">  </span></span></span>SIPEF's <span class=\"_ _a\"></span><span class=\"ls7 ws166\">activities can be<span class=\"_ _0\"></span> classifi<span class=\"_ _a\"></span>ed into segments based on <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>ype<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> SIPEF has the foll<span class=\"_ _0\"></span>owing segments:<span class=\"ws7\"> </span></span>\u2022 <span class=\"_ _115\"> </span>Palm<span class=\"ls14f ws170\">: </span>Includes all<span class=\"_ _0\"></span> pa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> products, includ<span class=\"_ _0\"></span>ing palm oil,<span class=\"_ _6\"></span> palm kernels and palm kernel oi<span class=\"_ _0\"></span>l, both in Indonesia and Papua New Guinea\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span>Rubber<span class=\"ls14f ws170\">: </span> <span class=\"ws166\">Includes all di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ferent types of <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ubber produced <span class=\"_ _0\"></span><span class=\"ws197\">in I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span><span class=\"ws165\">and sol<span class=\"_ _0\"></span>d by t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SIPEF group<span class=\"ws7\">:<span class=\"_ _0\"></span> </span></span></span></span></span>- <span class=\"ws166\">Ribbed Smoked She<span class=\"_ _0\"></span>et<span class=\"_ _6\"></span>s (R<span class=\"_ _0\"></span>SS)<span class=\"ws7\"> </span></span>- <span class=\"ls14f ws170\">Stan<span class=\"_ _0\"></span></span><span class=\"ws166\">dar<span class=\"_ _a\"></span>d <span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia Rubber (SIR)<span class=\"ws7\"> </span></span>- <span class=\"ws166\">Scraps and Lumps</span> \u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span>Tea<span class=\"ls14f ws170\">: </span><span class=\"ffb1 ws165\">Includes the \u201c</span><span class=\"ws166\">cut, tear<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> cu<span class=\"_ _0\"></span>rl<span class=\"ffb1 ws7\">\u201d<span class=\"ff9c\"> </span></span>(CTC) tea produced by<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ls15f ws165\">PT<span class=\"ls7 ws7\"> Melani<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span><span class=\"ws165\">in Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ws165\">an<span class=\"_ _0\"></span>d which the SIPEF group buys and sell<span class=\"_ _0\"></span>s.<span class=\"ws7\"> </span></span></span></span></span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws165\">Bananas and </span>horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"ls14f ws170\">: </span><span class=\"ws166\">Includes al<span class=\"_ _0\"></span>l sales of bananas and <span class=\"_ _0\"></span></span>horticulture <span class=\"ws166\">originating from Ivory C<span class=\"_ _0\"></span>oast.</span> </span>\u2022 <span class=\"_ _115\"> </span>Corporate: <span class=\"_ _6\"></span>Mainl<span class=\"_ _0\"></span>y includes management fees received<span class=\"_ _0\"></span> from non<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>gro<span class=\"_ _0\"></span>up companies, commissi<span class=\"_ _0\"></span>ons charged on sea<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>reight<span class=\"_ _0\"></span> and othercommissions whi<span class=\"_ _0\"></span>ch are not cover<span class=\"_ _a\"></span>ed by <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he sales <span class=\"_ _0\"></span><span class=\"ws7\">contr<span class=\"_ _a\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> </span>The overview<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> segments below i<span class=\"_ _0\"></span>s based on the SIPEF group<span class=\"ffb1 ws7\">\u2019<span class=\"_ _0\"></span></span>s internal management reporting. The executive commit<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span> is the chiefoperating decisi<span class=\"_ _0\"></span>on maker<span class=\"_ _a\"></span>. The most i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>portant differences w<span class=\"_ _0\"></span>ith I<span class=\"_ _a\"></span>FR<span class=\"_ _0\"></span>S consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on are:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Instead of revenue</span>, <span class=\"ws166\">the gross</span> <span class=\"ws166\">margin per<span class=\"_ _0\"></span> segment is used as <span class=\"_ _0\"></span>the starting point.<span class=\"_ _0\"></span></span> </span>\u2022 <span class=\"_ _115\"> </span>The capital gain on the sale of PT<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>elania <span class=\"_ _0\"></span>was not included<span class=\"ws7\"> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span></span>the \u201cot<span class=\"_ _a\"></span>her operating income/(<span class=\"ff9c ws7\">expenses</span>)\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>but <span class=\"_ _0\"></span><span class=\"ls159 ws166\">is</span> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>ncluded on aseparate line. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Gr<span class=\"_ _a\"></span>oss mar<span class=\"_ _a\"></span>gin per product<span class=\"ls7 ws7\"> </span>Palm 221 248<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>Rubber -<span class=\"ws165\">4 105</span> -<span class=\"ws165\">2 608</span> Tea  <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">134</span> Bananas and pl<span class=\"_ _0\"></span>ants<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>3 803<span class=\"ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span>1 328<span class=\"ws7\"> </span>Total<span class=\"_ _6\"></span> gross margi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>221 031<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">43 424</span> -<span class=\"ws166\">36 891</span> Other<span class=\"_ _a\"></span> ope<span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng income/(<span class=\"ws7\">expenses) </span> <span class=\"ls14d ws161\">705</span> -<span class=\"ws165\">4 552</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l i<span class=\"_ _0\"></span>ncome/<span class=\"_ _a\"></span>(<span class=\"ws7\">cost) </span>-<span class=\"ws165\">2 503</span> -<span class=\"ws165\">2 369</span> Discounti<span class=\"_ _0\"></span>ng S<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>pef<span class=\"ws7\">-</span><span class=\"ls159\">CI<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span> 0  <span class=\"ls14d ws161\">748</span> Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws165\">3 251</span> -<span class=\"ws165\">1 157</span> Result before tax<span class=\"_ _0\"></span><span class=\"ws7\"> </span>172 557<span class=\"ws7\"> </span>124 997<span class=\"ws7\"> </span>Tax expense<span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Effective tax rate<span class=\"ws7\"> </span>-34.5% -28.9% Result after tax<span class=\"_ _0\"></span><span class=\"ws7\"> </span>113 021<span class=\"ws7\"> </span>88 923<span class=\"ws7\"> </span>Share of results of associated co<span class=\"_ _0\"></span>mpanies<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">566</span> -<span class=\"ws165\">1 091</span> Result<span class=\"_ _a\"></span> for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> peri<span class=\"_ _6\"></span>od before sale of<span class=\"_ _a\"></span> PT Melania<span class=\"ls7 ws7\"> </span>112 455<span class=\"ws7\"> </span>87 832<span class=\"ws7\"> </span>Gain on sale P<span class=\"_ _0\"></span>T Melania<span class=\"ws7\"> </span> <span class=\"fc25\">0 </span>11 640<span class=\"ws7\"> </span>Result<span class=\"_ _a\"></span> for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>112 455<span class=\"ws7\"> </span>99 471<span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>esent the segment information per product and per g<span class=\"_ _0\"></span>eographical region<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in accordance w<span class=\"_ _0\"></span>ith the I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS profit and <span class=\"_ _0\"></span>lossaccounts. <span class=\"_ _6\"></span>The segmen<span class=\"_ _0\"></span>t result is revenue minus exp<span class=\"_ _0\"></span>ense that is dire<span class=\"_ _0\"></span>ct<span class=\"_ _a\"></span>ly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> segment and the<span class=\"_ _0\"></span> relevant portion of inco<span class=\"_ _0\"></span>meand expense that can<span class=\"_ _0\"></span> be allocated on a reasonabl<span class=\"_ _0\"></span>e basis to the seg<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Gr<span class=\"_ _0\"></span>oss prof<span class=\"_ _0\"></span>it by pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes in t<span class=\"_ _6\"></span>he 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair value<span class=\"ws7\"> </span>Palm 495 737<span class=\"ws7\"> </span>-<span class=\"ws165\">274 646</span>  <span class=\"ls14d ws161\">157</span> 221 248<span class=\"ws7\"> </span>100.1 Rubber 3 821<span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">7 926</span>  0 -<span class=\"ws165\">4 105</span> -<span class=\"ls15a ws1a5\">1.9<span class=\"_ _0\"></span></span> Tea 4 286<span class=\"ws7\"> </span>-<span class=\"ws165\">4 090</span>  0  <span class=\"ls14d ws161\">195</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 536</span> 1 611<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>1.0<span class=\"ls7 ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span> 0  0 1 397<span class=\"ws7\"> </span>0.6<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0 Changes in t<span class=\"_ _6\"></span>he 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair <span class=\"ls14f ws170\">va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Palm 380 862<span class=\"ws7\"> </span>-<span class=\"ws165\">216 913</span> 2 613<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>98<span class=\"_ _0\"></span>.4<span class=\"ls7 ws7\"> </span>Rubber 8 059<span class=\"ws7\"> </span>-<span class=\"ws166\">10 667</span>  0 -<span class=\"ws165\">2 608</span> -<span class=\"ls15a ws1a5\">1.5<span class=\"_ _0\"></span></span> Tea 2 719<span class=\"ws7\"> </span>-<span class=\"ws165\">2 574</span> - <span class=\"ls14d ws161\">11</span>  <span class=\"ls14d ws161\">134</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>23 085<span class=\"ws7\"> </span>-<span class=\"ws166\">19 085</span> - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2<span class=\"ls7 ws7\"> </span>Corporate 1 328<span class=\"ws7\"> </span> 0  0 1 328<span class=\"ws7\"> </span>0.8<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>416 053<span class=\"ws7\"> </span>-<span class=\"ws165\">249 2<span class=\"ls14d ws161\">40</span></span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0 Total sales i<span class=\"_ _0\"></span>ncreased by 26.7% ver<span class=\"_ _a\"></span>sus<span class=\"_ _0\"></span> 2021 to USD 527 mil<span class=\"_ _0\"></span>lion.<span class=\"ws7\"> </span>Palm oil<span class=\"_ _0\"></span> s<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>es grew by <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2%. The rise i<span class=\"_ _0\"></span>n volumes so<span class=\"_ _a\"></span>ld was <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> due to the signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant<span class=\"_ _a\"></span>ly hi<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>her world market price for crud<span class=\"_ _0\"></span>e palmoil (C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span>). I<span class=\"_ _a\"></span>n addition, <span class=\"_ _0\"></span>the total tonnes of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> p<span class=\"_ _0\"></span>roduced increased by 5.1%. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Sales i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> banana and horticulture segment<span class=\"_ _a\"></span> e<span class=\"_ _0\"></span>xpr<span class=\"_ _6\"></span>esse<span class=\"_ _0\"></span>d in euro, the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal currency, increased by 3.2%, mai<span class=\"_ _0\"></span>nly due to higherunit sell<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pri<span class=\"_ _0\"></span>ces.<span class=\"_ _6\"></span> H<span class=\"_ _0\"></span>owever, af<span class=\"_ _a\"></span>ter conversion to USD, the functional currency of SIPEF, these sale figures decreased by 3.7%<span class=\"_ _0\"></span> due tothe EUR/US<span class=\"_ _0\"></span>D exchange rate evolution.<span class=\"ws7\"> </span>The average ex-factor<span class=\"_ _a\"></span>y unit cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> mat<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span> oil pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> plantations increased signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cantly (+/<span class=\"ws7\">- <span class=\"_ _4\"></span></span>10.0%) in 2022 compared wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h 20<span class=\"_ _0\"></span>21,mainly due to increased<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ertili<span class=\"_ _0\"></span>ser cost<span class=\"_ _a\"></span>s and higher bonus provision<span class=\"_ _a\"></span>s. These negative effects were mitigated by a <span class=\"_ _0\"></span>devaluation of theIndonesian rupiah<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>IDR<span class=\"_ _0\"></span>) against t<span class=\"_ _a\"></span>he USD<span class=\"_ _0\"></span> by 4.0%,<span class=\"ws7\"> </span>reduci<span class=\"_ _0\"></span>ng local costs expr<span class=\"_ _a\"></span>essed in U<span class=\"_ _0\"></span>SD.<span class=\"ws7\"> </span>The average ex<span class=\"ws7\">-</span>fac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ory cos<span class=\"_ _0\"></span>t for the<span class=\"_ _0\"></span> mat<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span> banana plantations ov<span class=\"_ _0\"></span>er the same pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod, expressed in eu<span class=\"_ _0\"></span>ro, the <span class=\"_ _0\"></span>functional<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>currency,increased by 24.7%<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>his sharp i<span class=\"_ _0\"></span>ncrease was due<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> higher input<span class=\"_ _0\"></span> costs, such as<span class=\"_ _0\"></span> fertili<span class=\"_ _0\"></span>ser<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d packaging materials,<span class=\"_ _0\"></span><span class=\"ws7\"> </span>as well<span class=\"_ _0\"></span> as <span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>tart<span class=\"_ _0\"></span>-up costs in the<span class=\"_ _0\"></span> Lum<span class=\"_ _a\"></span>en and Akoudi<span class=\"_ _0\"></span>\u00e9 expansion zones.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The \u2018fair val<span class=\"_ _0\"></span>ue adjustment<span class=\"_ _a\"></span>\u2019 related to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> effect<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> of valuing pe<span class=\"_ _0\"></span>nding fruits at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their fair va<span class=\"_ _0\"></span><span class=\"ff9c ls14e ws1b0\">lue<span class=\"_ _0\"></span> (IAS 41<span class=\"_ _0\"></span>R).<span class=\"ls7 ws7\"> </span></span>Gross profit increased from KUS<span class=\"_ _0\"></span>D 169 218 at the end o<span class=\"_ _0\"></span>f 2021 to K<span class=\"_ _0\"></span>USD 221 03<span class=\"_ _0\"></span>1 at<span class=\"_ _a\"></span> the end o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> 20<span class=\"_ _0\"></span>22, an increase of 30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>6%<span class=\"_ _4\"></span><span class=\"ws7\"> </span>Gross profit from the<span class=\"_ _0\"></span> palm segment grew by<span class=\"_ _0\"></span> KUSD 54<span class=\"_ _0\"></span> 687 t<span class=\"_ _a\"></span>o KUS<span class=\"_ _0\"></span>D 221 248, mainly due <span class=\"_ _0\"></span>to higher net ex<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ill CPO p<span class=\"_ _6\"></span>rices.<span class=\"_ _6\"></span> At USD996 per <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>ne, the average reali<span class=\"_ _0\"></span>sed net ex<span class=\"ws7\">-<span class=\"_ _0\"></span></span>fact<span class=\"_ _a\"></span>ory C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice was <span class=\"_ _0\"></span>23.4% higher <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n that of<span class=\"_ _0\"></span> USD 807 per<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>onne<span class=\"_ _0\"></span> at the same <span class=\"_ _0\"></span>time lastyear. I<span class=\"_ _a\"></span>n<span class=\"_ _0\"></span> addition, higher CPO production (+5<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span>1%) and i<span class=\"_ _0\"></span>ncreased unit cost pr<span class=\"_ _a\"></span>ices <span class=\"_ _0\"></span>(+10.0%<span class=\"_ _a\"></span>) pl<span class=\"_ _0\"></span>ayed an important role, each i<span class=\"_ _0\"></span>n oppositeways. Gross prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the rubber segment <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ur<span class=\"_ _0\"></span>ther<span class=\"_ _a\"></span> decreased from KUSD <span class=\"_ _0\"></span>-<span class=\"ws187\">2 608 in 2021 to KUSD </span>-4 105 in 2022 due to decl<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ning rubberproduction follow<span class=\"_ _0\"></span>ing the accelerated replanting of rubber to<span class=\"_ _0\"></span> palm oil, the accel<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ated depreciations due to<span class=\"_ _0\"></span> the r<span class=\"_ _0\"></span>eplanting<span class=\"_ _0\"></span> and due t<span class=\"_ _a\"></span>othe low rubber prices during<span class=\"_ _0\"></span> 2022.<span class=\"ws7\"> </span>The gross profit of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>banana and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure segment decreased <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>om KUSD 3 803 to KUSD 2 294 due to an increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>otal c<span class=\"_ _0\"></span>osts.This rise w<span class=\"_ _0\"></span>as caused by, cos<span class=\"_ _0\"></span>t inflation in<span class=\"_ _0\"></span> 2022 and the<span class=\"_ _0\"></span> expansion of<span class=\"_ _0\"></span><span class=\"ws7\"> </span>planted<span class=\"_ _0\"></span> areas, which <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> the time<span class=\"_ _0\"></span> being, could no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> be<span class=\"_ _0\"></span> offset bysales.The segment \"corporate\"<span class=\"_ _0\"></span> comprises <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>agement fees<span class=\"_ _0\"></span> received from <span class=\"_ _0\"></span><span class=\"ls14d ws161\">non</span><span class=\"ws7\">-group </span>entities, ad<span class=\"_ _0\"></span>ditional commissions on sea<span class=\"_ _0\"></span> freightsand any other co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>ssions that<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e not i<span class=\"_ _0\"></span>ncluded in the sa<span class=\"_ _0\"></span><span class=\"ws165\">les contr<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>s.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Gross <span class=\"ls154 ws180\">pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>y geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> regi<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span></span>Changes in 2022 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 260 957<span class=\"ws7\"> </span>-<span class=\"ws165\">161 780</span>  <span class=\"ls14d ws161\">968</span>  <span class=\"ls14d ws161\">128</span> 100 272<span class=\"ws7\"> </span>45<span class=\"_ _0\"></span>.4Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>242 888<span class=\"ws7\"> </span>-<span class=\"ws165\">124 880</span>  0  <span class=\"ls14d ws161\">29</span> 118 036<span class=\"ws7\"> </span>53<span class=\"_ _0\"></span>.4Ivory Coast<span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 537</span>  0 1 611<span class=\"ws7\"> </span>2 293<span class=\"ws7\"> </span>1.0Europe  <span class=\"ls14d ws161\">429</span>  0  0  0  <span class=\"ls14d ws161\">429</span> 0.2Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>526 492<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span>  <span class=\"ls14d ws161\">968</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0Changes in 2021 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 215 361<span class=\"ws7\"> </span>-<span class=\"ws165\">130 497</span>  <span class=\"ls14d ws161\">900</span> 1 392<span class=\"ws7\"> </span>87 156<span class=\"ws7\"> </span>51<span class=\"_ _0\"></span>.5Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>167 920<span class=\"ws7\"> </span>-<span class=\"ws166\">91 298</span>  0 1 209<span class=\"ws7\"> </span>77 831<span class=\"ws7\"> </span>46<span class=\"_ _0\"></span>.0Ivory Coast<span class=\"ws7\"> </span>31 444<span class=\"ws7\"> </span>-<span class=\"ws166\">27 445</span>  0 - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2Europe  <span class=\"ls14d ws161\">428</span>  0  0  0  <span class=\"ls14d ws161\">428</span> 0.3Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>415 153<span class=\"ws7\"> </span>-<span class=\"ws165\">249 240</span>  <span class=\"ls14d ws161\">900</span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0Total cost of sal<span class=\"_ _0\"></span>es can be split up in <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> cat<span class=\"_ _a\"></span>egories:<span class=\"ws7\"> </span>1. <span class=\"_ _d\"> </span>Est<span class=\"_ _a\"></span>ate charges - incl<span class=\"_ _0\"></span>udes all charges relating to the f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>eld work to produce the base agricultural products (i.e. <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>resh <span class=\"_ _0\"></span>fruit bunches,latex, bananas, horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure)<span class=\"ws7\">;<span class=\"_ _0\"></span> </span>2. <span class=\"_ _d\"> </span><span class=\"ws17c\">Processing charges </span>- incl<span class=\"_ _0\"></span>udes all charges relati<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the processi<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> base agricul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ural<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>oducts to <span class=\"_ _0\"></span>the finished <span class=\"_ _0\"></span>agr<span class=\"_ _a\"></span>icul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>uralcommodities (i.e. palm oi<span class=\"_ _0\"></span>l, r<span class=\"_ _a\"></span>ubber, .<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>.)<span class=\"_ _0\"></span><span class=\"ws7\">;  </span>3.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls14f ws170\">FFB<span class=\"_ _0\"></span>/CPO/</span>l<span class=\"_ _0\"></span><span class=\"ws165\">atex pur<span class=\"_ _a\"></span>chases <span class=\"ws7\">- </span>includes al<span class=\"_ _0\"></span>l purchases fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> third parties (smallhol<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>s) or associates and joint ventu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span><span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span></span></span>4.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">St<span class=\"_ _a\"></span>ock movement <span class=\"ws7\">- </span>includes the va<span class=\"_ _0\"></span>riance in stock<span class=\"ws7\">; </span></span></span>5.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws166\">Changes in fair value i<span class=\"_ _0\"></span>ncludes the changes in the fair value of<span class=\"_ _0\"></span> the biol<span class=\"_ _0\"></span>ogica<span class=\"_ _a\"></span>l assets of palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">bananas</span>;<span class=\"_ _a\"></span>  </span></span></span>6.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">Sales charges </span>- <span class=\"ws166\">includes al<span class=\"_ _0\"></span>l direct cost<span class=\"_ _a\"></span>s attributable to <span class=\"_ _0\"></span>the sales of the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> (i.e. <span class=\"_ _0\"></span><span class=\"ws7\">t</span>ransport charges, palm oi<span class=\"_ _0\"></span>l export t<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span><span class=\"ws7\">/levy<span class=\"ls14f ws1a6\">, ...<span class=\"_ _0\"></span>)</span>; </span></span></span>7. <span class=\"_ _d\"> </span>G<span class=\"_ _6\"></span>eneral<span class=\"_ _0\"></span> and administrative expenses \u2013<span class=\"_ _0\"></span> <span class=\"ws17c\">includ<span class=\"_ _0\"></span>es all costs related to<span class=\"_ _0\"></span> the overall organi<span class=\"_ _0\"></span>sation <span class=\"ls14f ws170\">(i<span class=\"_ _0\"></span>.e.</span></span> ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al management, financialdepartment, mar<span class=\"_ _a\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ws7\">, </span>inter<span class=\"_ _a\"></span>nal audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, sustainabi<span class=\"_ _0\"></span>lity<span class=\"ls14f ws7\">, etc<span class=\"_ _0\"></span>.).<span class=\"_ _0\"></span><span class=\"ls7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Estate charges<span class=\"ws7\"> </span>171 824<span class=\"ws7\"> </span>150 127<span class=\"ws7\"> </span>Processing charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span>34 363<span class=\"ws7\"> </span>33 003<span class=\"ws7\"> </span>FFB/CPO/latex purchases<span class=\"ws7\"> </span>75 145<span class=\"ws7\"> </span>60 143<span class=\"ws7\"> </span>Stock movement<span class=\"ws7\"> </span>finished products<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 771</span> -<span class=\"ws166\">20 333</span> Changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value<span class=\"ws7\"> </span>1 769<span class=\"ws7\"> </span>2 404<span class=\"ws7\"> </span>Sales charges<span class=\"ws7\"> </span>25 098<span class=\"ws7\"> </span>21 492<span class=\"ws7\"> </span>Cost of sales<span class=\"_ _0\"></span><span class=\"ws7\"> </span>306 429<span class=\"ws7\"> </span>246 835<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>43 424<span class=\"ws7\"> </span>36 891<span class=\"ws7\"> </span>Total cost of sales and<span class=\"_ _0\"></span> general and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>349 853<span class=\"ws7\"> </span>283 726<span class=\"ws7\"> </span>Estate charges have <span class=\"ws7\">increased </span>co<span class=\"_ _0\"></span>mpar<span class=\"_ _a\"></span>ed to l<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span> year du<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> fert<span class=\"_ _a\"></span>ili<span class=\"_ _0\"></span>zer cost<span class=\"_ _a\"></span>s;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span>high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> local <span class=\"ws166\">transporting costs in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l Palms Ltd;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span><span class=\"ws15f\">the additional<span class=\"_ _0\"></span> </span>matur<span class=\"_ _a\"></span>e <span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>res in the Musi R<span class=\"_ _0\"></span>awas region, whereby estate and general <span class=\"_ _0\"></span>field charges are now increasi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>ally\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> FFB productions<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws165\">in 202<span class=\"ws7\">2; </span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws165\">a general i<span class=\"_ _0\"></span>ncrease in costs due to inflation.<span class=\"_ _0\"></span></span> </span>The processing cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s increased sligh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y com<span class=\"_ _a\"></span>pared to prior yea<span class=\"_ _0\"></span>r due to a <span class=\"ffb6\">higher nu<span class=\"_ _0\"></span>mber of FFB\u2019<span class=\"_ _0\"></span>s </span><span class=\"ws7\">being processed.  </span>Purchases of FFB/CPO/Latex i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased by<span class=\"_ _0\"></span> KUSD 15<span class=\"_ _0\"></span> 002, mai<span class=\"_ _0\"></span>nly due to the<span class=\"_ _0\"></span> increase in purchases<span class=\"_ _0\"></span> of FFB from <span class=\"_ _0\"></span>third parties at H<span class=\"_ _0\"></span>argyOil Pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>s Ltd, which increased by KUSD 10 679 or 27.6%, largely due to high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> purchase prices of FFB, the price of which <span class=\"_ _0\"></span>is rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>edto C<span class=\"_ _0\"></span>PO.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>evels were in li<span class=\"_ _0\"></span>ne with<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>or year <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>inor<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>ock<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>vem<span class=\"_ _a\"></span>ent. The s<span class=\"_ _0\"></span>tock movement in <span class=\"_ _0\"></span>2021 was cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>terized by hi<span class=\"_ _0\"></span>ghstock of palm products<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>bined w<span class=\"_ _0\"></span>ith high world market prices a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> y<span class=\"_ _0\"></span>ear<span class=\"ws7\">-<span class=\"ws165\">end compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o 20<span class=\"_ _0\"></span>20. <span class=\"ws7\"> </span></span></span>Sales cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s have increased due to the hi<span class=\"_ _0\"></span>gher t<span class=\"_ _a\"></span>ransportation and <span class=\"_ _0\"></span>freight prices on the<span class=\"_ _0\"></span> world market. <span class=\"_ _0\"></span><span class=\"ws7\">  </span>Total depreciation<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount<span class=\"ws7\">s <span class=\"_ _0\"></span></span>to KU<span class=\"_ _0\"></span>SD 4<span class=\"_ _a\"></span>7 939. Most of the depreciation <span class=\"_ _0\"></span><span class=\"ws7\">was <span class=\"_ _0\"></span></span>included i<span class=\"_ _0\"></span>n<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the estate and processing charges (K<span class=\"_ _0\"></span>USD4<span class=\"ws1a9\">3 070</span>)<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span>In addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span><span class=\"ws7\"> </span>total<span class=\"_ _0\"></span> of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">3 <span class=\"_ _0\"></span></span><span class=\"ws7\">868 <span class=\"_ _0\"></span>o</span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciation cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>recorded in the<span class=\"_ _0\"></span> \"G<span class=\"_ _a\"></span>eneral<span class=\"_ _0\"></span> and admi<span class=\"_ _0\"></span>nistr<span class=\"_ _a\"></span>ative\" expenses<span class=\"_ _0\"></span> andKUS<span class=\"_ _6\"></span>D <span class=\"ls14d ws161\">1 001<span class=\"ls7 ws7\"> <span class=\"ws166\">in \"other operating i<span class=\"_ _0\"></span>ncome/</span>(<span class=\"_ _a\"></span>expenses)\"<span class=\"ls15b ws1a8\">. </span> </span></span>General and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses increased <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ast<span class=\"_ _6\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>, mainly as a result of the raised bonus prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nkedto bett<span class=\"_ _a\"></span>er resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s, <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>urther deployment of the Si<span class=\"_ _0\"></span>ngapore branch off<span class=\"_ _a\"></span>ice centralizi<span class=\"_ _0\"></span>ng the internal IT services of t<span class=\"_ _a\"></span>he Group a<span class=\"_ _0\"></span>nd thenormalization of travel budgets <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing the covi<span class=\"_ _0\"></span>d<span class=\"ws7\">-</span>19 pandemic.<span class=\"ws7\"> </span>Revenue b<span class=\"_ _0\"></span>y locati<span class=\"_ _0\"></span>on<span class=\"_ _a\"></span> of t<span class=\"_ _0\"></span>he debtors<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>In <span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Indonesia 246 604<span class=\"ws7\"> </span>205 284<span class=\"ws7\"> </span>The Netherlands<span class=\"ws7\"> </span>133 570<span class=\"ws7\"> </span>152 297<span class=\"ws7\"> </span>Swi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _6\"></span> 91 059<span class=\"ws7\"> </span>7 822<span class=\"ws7\"> </span>Belgi<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> 12 112<span class=\"ws7\"> </span>6 360<span class=\"ws7\"> </span>Malaysia 10 970<span class=\"ws7\"> </span>8 460<span class=\"ws7\"> </span>France 10 250<span class=\"ws7\"> </span>9 408<span class=\"ws7\"> </span>United Ki<span class=\"_ _0\"></span>ngdom<span class=\"_ _6\"></span><span class=\"ws7\"> </span>7 494<span class=\"ws7\"> </span>5 677<span class=\"ws7\"> </span>Germany 4 018<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">928</span> Ivory coast<span class=\"ws7\"> </span>3 538<span class=\"ws7\"> </span>3 602<span class=\"ws7\"> </span>Ireland 2 004<span class=\"ls7 ws7\"> </span>1 671<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e 1 512<span class=\"ws7\"> </span>5 627<span class=\"ws7\"> </span>China 1 388<span class=\"ws7\"> </span>1 557<span class=\"ws7\"> </span>Afghanistan   <span class=\"ls14d ws161\">992</span>  <span class=\"ls14d ws161\">116</span> Pakistan  <span class=\"ls14d ws161\">693</span>  <span class=\"ls14d ws161\">111</span> United States<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">593</span> 3 726<span class=\"ws7\"> </span>United Arab. Emirates<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">494</span>  <span class=\"ls14d ws161\">195</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">80</span>  <span class=\"ls14d ws161\">93</span> Spain  <span class=\"ls14d ws161\">69</span> 2 634<span class=\"ws7\"> </span>Poland  <span class=\"ls14d ws161\">19</span>  <span class=\"ls14d ws161\">485</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>416 053<span class=\"ws7\"> </span>The revenue of the Group is realised agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> a relatively smal<span class=\"_ _0\"></span>l nu<span class=\"_ _a\"></span>mber of first<span class=\"ws7\">-</span>class buyers: pe<span class=\"_ _0\"></span>r pr<span class=\"_ _a\"></span>oduct about 90% of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he revenuefrom contracts with cus<span class=\"_ _0\"></span>tom<span class=\"_ _a\"></span>ers<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>is realized<span class=\"_ _0\"></span> with a maximum of 10<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. For addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal information we <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>efer to<span class=\"_ _0\"></span> not<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> 26 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ls14f ws170\">fi<span class=\"_ _0\"></span>na</span>nci<span class=\"_ _0\"></span>ainstruments. Segm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>nform<span class=\"_ _0\"></span>ation <span class=\"ffb9 ls7 ws7\">\u2013<span class=\"ff9a\"> <span class=\"_ _0\"></span></span></span>geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _a\"></span><span class=\"ls162 ws1b5\">in<span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>rmati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span></span></span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Indonesi<span class=\"_ _6\"></span>a<span class=\"ls7 ws7\"> </span>PNG<span class=\"ls7 ws7\"> </span>Ivory Coast<span class=\"ws7\"> </span>Europe<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Singapor<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>TotaIntangible assets<span class=\"ws7\"> </span> 0  0  0  <span class=\"ls14d ws161\">226</span>  0  226Goodwill 104 782<span class=\"ws7\"> </span> 0  0  0  0 104 782Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>236 406<span class=\"ws7\"> </span>79 844<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">464</span>  0  0 316 714Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant &amp; equi<span class=\"_ _0\"></span>pment<span class=\"ws7\"> </span>267 239<span class=\"ws7\"> </span>101 664<span class=\"ws7\"> </span>9 723<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">503</span>  <span class=\"ls14d ws161\">801</span> 379 931Investm<span class=\"_ _a\"></span>ents i<span class=\"_ _0\"></span>n associates and joint ventures<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span>  0  0  0 3 801<span class=\"ws7\"> </span>3 032Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial assets<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">46</span>  0  <span class=\"ls14d ws161\">37</span>  <span class=\"ls14d ws161\">15</span>  0  98Receivables &gt; 1 year<span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span> 0  0  0  0 28 287Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11 762<span class=\"ws7\"> </span> 0  <span class=\"ls14d ws161\">558</span> 1 776<span class=\"ws7\"> </span> 0 14 097Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>647 753<span class=\"ws7\"> </span>181 508<span class=\"ws7\"> </span>10 783<span class=\"ws7\"> </span>2 521<span class=\"ws7\"> </span>4 603<span class=\"ws7\"> </span>847 168% of total<span class=\"ls7\"> </span>76.46%<span class=\"ls7 ws7\"> </span>21.43%<span class=\"ls7 ws7\"> </span>1.27%<span class=\"ls7 ws7\"> </span>0.30%<span class=\"ls7 ws7\"> </span>0.54%<span class=\"ls7 ws7\"> </span>100.00%2021<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Indonesi<span class=\"_ _6\"></span>a<span class=\"ls7 ws7\"> </span>PNG<span class=\"ls7 ws7\"> </span>Ivory Coast<span class=\"ws7\"> </span>Europe<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Singapor<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>TotalIntangible assets<span class=\"ws7\"> </span> 0  0  0  <span class=\"ls14d ws161\">348</span>  0  <span class=\"ls14d ws161\">348</span>Goodwill 104 782<span class=\"ws7\"> </span> 0  0  0  0 104 782 Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>226 144<span class=\"ws7\"> </span>80 950<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">277</span>  0  0 307 371 Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant &amp; equi<span class=\"_ _0\"></span>pment<span class=\"ws7\"> </span>253 032<span class=\"ws7\"> </span>98 848<span class=\"ws7\"> </span>7 311<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">704</span>  0 359 896 Investm<span class=\"_ _a\"></span>ents i<span class=\"_ _0\"></span>n associates and joint ventures<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">749</span>  0  0  0 4 347<span class=\"ws7\"> </span>3 598Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial assets<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">46</span>  0  <span class=\"ls14d ws161\">31</span>  <span class=\"ls14d ws161\">15</span>  0  <span class=\"ls14d ws161\">92</span> Receivables &gt; 1 year<span class=\"ws7\"> </span>25 666<span class=\"ws7\"> </span> 0  0  0  0 25 666 Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 995<span class=\"ws7\"> </span> 0  <span class=\"ls14d ws161\">319</span> 2 237<span class=\"ws7\"> </span> 0 13 550 Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>619 916<span class=\"ws7\"> </span>179 798<span class=\"ws7\"> </span>7 938<span class=\"ws7\"> </span>3 304<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>815 303 % of total<span class=\"ls7\"> </span>76.03%<span class=\"ls7 ws7\"> </span>22.05%<span class=\"ls7 ws7\"> </span>0.97%<span class=\"ls7 ws7\"> </span>0.41%<span class=\"ls7 ws7\"> </span>0.53%<span class=\"ls7 ws7\"> </span>100.00%The assets<span class=\"_ _0\"></span> of Indonesia relate<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r roughl<span class=\"_ _0\"></span>y 98% to the<span class=\"_ _0\"></span> palm segme<span class=\"_ _0\"></span>nt and roughly 2%<span class=\"_ _0\"></span> to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> rubber segments. T<span class=\"_ _0\"></span>he assets of<span class=\"_ _0\"></span> PNGrelate 100% to the palm segment. The assets of Ivory coast relate<span class=\"_ _0\"></span> 100% t<span class=\"_ _a\"></span>o the bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure segment<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>The assets oSingap<span class=\"_ _0\"></span>ore r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ate pr<span class=\"_ _a\"></span>imarily to<span class=\"_ _0\"></span> Verdant Biosci<span class=\"_ _0\"></span>ence Pte Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span> conducting<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esearch i<span class=\"_ _0\"></span>nto and devel<span class=\"_ _0\"></span>oping high<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>yielding seeds<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>T<span class=\"_ _0\"></span>he assets oEurope do not relate<span class=\"_ _0\"></span> specifically to one product segmen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>8.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">GOO<span class=\"_ _a\"></span>DWILL<span class=\"_ _6\"></span> AND OTHER INTANG<span class=\"_ _6\"></span>IBLE ASSETS<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>leIn<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> <span class=\"_ _16e\"> </span><span class=\"ls14f ws170\">Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill</span> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>assets assetsGr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 787Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  0  0  0  40Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0 - 60Transfers  0  0  0  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span> 0  0  0  0Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 767Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">419</span>  0 - 314Depreciation<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>  0 - <span class=\"ls14d ws161\">122</span>  0 - 165Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0  60Transfers  0  0  0  0Remeasurement  0  0  0  0Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at December 31<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">541</span>  0 - 419Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">348</span> 104 782<span class=\"ws7\"> </span> 473Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">226</span> 104 782<span class=\"ws7\"> </span> 348Goodwill<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent analysi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7\"> </span>Goodwill is the posi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ve difference between <span class=\"_ _0\"></span>the acquisition price of<span class=\"_ _0\"></span> a subsi<span class=\"_ _0\"></span>diary,<span class=\"_ _a\"></span> associated company o<span class=\"_ _0\"></span>r joint ven<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure and<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> shareof the Group i<span class=\"_ _0\"></span>n the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the<span class=\"_ _0\"></span> identifiable assets and li<span class=\"_ _0\"></span>abilities of the acqui<span class=\"_ _0\"></span>red enti<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> on the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date. Under standardIFR<span class=\"_ _0\"></span>S 3 <span class=\"ffbc ls7\">\u2013<span class=\"_ _0\"></span><span class=\"ff9c\"> <span class=\"_ _6\"></span><span class=\"ws166\">B<span class=\"_ _0\"></span>usiness Combinations, goodw<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l is not amort<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed, but rather tested for i<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _a\"></span>ent.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Goodwill and i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>angible fixed assets ar<span class=\"_ _a\"></span>e tested annually by management t<span class=\"_ _a\"></span>o see whether they have been exposed <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span> inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the accounting<span class=\"_ _0\"></span> policies i<span class=\"_ _0\"></span>n not<span class=\"_ _a\"></span>e <span class=\"ws7\">3 </span>(regardless of w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> there are ind<span class=\"_ _0\"></span>ications of impairment). <span class=\"_ _0\"></span><span class=\"ws7\"> </span>To be abl<span class=\"_ _0\"></span>e to assess<span class=\"_ _0\"></span> the necessi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y o<span class=\"_ _0\"></span>f an impairment, the<span class=\"_ _0\"></span> goodwil<span class=\"_ _0\"></span>l is all<span class=\"_ _0\"></span>ocat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generating un<span class=\"_ _0\"></span>it. A cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generat<span class=\"_ _a\"></span>ing uni<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hesmallest identifiab<span class=\"_ _0\"></span>le group that generates cash <span class=\"_ _0\"></span>that is <span class=\"_ _0\"></span>to a large degr<span class=\"_ _0\"></span>ee independent of the<span class=\"_ _0\"></span> inflow of cash<span class=\"_ _0\"></span> from other asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _4\"></span><span class=\"ws7\"> </span>or groupsof assets. T<span class=\"_ _0\"></span>his cash<span class=\"ws7\">-</span>generating unit<span class=\"_ _0\"></span> is <span class=\"ws7\">analysed </span>on<span class=\"_ _0\"></span> each balance s<span class=\"_ _0\"></span>heet date to dete<span class=\"_ _0\"></span>rm<span class=\"_ _a\"></span>ine w<span class=\"_ _0\"></span>het<span class=\"_ _a\"></span>her the<span class=\"_ _0\"></span> carrying val<span class=\"_ _0\"></span>ue of the<span class=\"_ _0\"></span> goodwilcan be<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>ully recovered<span class=\"_ _0\"></span>. If <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generating unit<span class=\"_ _0\"></span> is lower in<span class=\"_ _0\"></span> the l<span class=\"_ _0\"></span>ong t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>m than<span class=\"_ _0\"></span> the carryi<span class=\"_ _0\"></span>ng value, animpairment is recognized on the i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement in <span class=\"_ _0\"></span>the amount of this di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ference. <span class=\"_ _4\"></span><span class=\"ws7\"> </span>In the<span class=\"_ _0\"></span> SIPEF <span class=\"_ _0\"></span><span class=\"ws160\">model, the<span class=\"_ _0\"></span> cash</span>-generat<span class=\"_ _a\"></span>ing uni<span class=\"_ _0\"></span>t is compared w<span class=\"_ _0\"></span>ith the total un<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>lying<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> related<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil seg<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent as o<span class=\"_ _0\"></span>f 31December <span class=\"ls14d ws161\">202</span>2<span class=\"ws166\">. This consists of the <span class=\"_ _0\"></span>following<span class=\"_ _0\"></span> item<span class=\"_ _a\"></span>s:<span class=\"ws7\"> </span></span>Asse<span class=\"_ _a\"></span>ts (<span class=\"_ _6\"></span>in KUSD)<span class=\"_ _a\"></span>*<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ffbc ws7\">\u2013<span class=\"ff9c\"> </span></span>bearer plants<span class=\"ws7\"> </span>316 251<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed assets<span class=\"ws7\"> </span>370 207<span class=\"ws7\"> </span>Goodwill 104 782<span class=\"ws7\"> </span>Current assets <span class=\"ffbc ws7\">\u2013<span class=\"ff9c\"> <span class=\"ls151 ws18b\">cur<span class=\"_ _6\"></span>rent liabilit<span class=\"_ _6\"></span>ies<span class=\"ls7 ws7\"> </span></span></span></span>29 374<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>820 614<span class=\"ws7\"> </span>* <span class=\"ls165 ws1b8\">Assets<span class=\"_ _6\"></span> incl<span class=\"_ _6\"></span>ude o<span class=\"_ _6\"></span>nly t<span class=\"_ _a\"></span>he ent<span class=\"_ _a\"></span>iti<span class=\"_ _6\"></span>es w<span class=\"_ _a\"></span>ith <span class=\"_ _6\"></span>palm oi<span class=\"_ _6\"></span>l acti<span class=\"_ _a\"></span>vit<span class=\"_ _a\"></span>ies<span class=\"ls7 ws7\"> </span></span>The <span class=\"_ _0\"></span><span class=\"ls152 ws179\">SIPEF</span> <span class=\"_ _0\"></span>gr<span class=\"_ _a\"></span>oup has defined the \u201ccash<span class=\"ff9c ws7\">-</span>generating uni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>\u201d as the op<span class=\"_ _0\"></span>erational palm oi<span class=\"_ _0\"></span>l segment.<span class=\"_ _6\"></span> It con<span class=\"_ _0\"></span>sists of<span class=\"_ _6\"></span> al<span class=\"_ _0\"></span>l cash flows from thepalm oil<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ivities of al<span class=\"_ _0\"></span>l plantations in Indonesia an<span class=\"_ _0\"></span>d Papua New Gui<span class=\"_ _0\"></span>nea. The cash <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>lows from <span class=\"_ _0\"></span>the sale of rubber<span class=\"_ _0\"></span>, tea and ban<span class=\"_ _0\"></span>anas<span class=\"_ _0\"></span> areno<span class=\"ls7 ws166\">t included here, as <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he goodw<span class=\"_ _0\"></span>ill has been allocated excl<span class=\"_ _0\"></span>usive<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> whol<span class=\"_ _0\"></span>e of<span class=\"_ _a\"></span> the <span class=\"_ _0\"></span>palm oil segment. <span class=\"ws7\"> </span></span>The recoverable val<span class=\"_ _0\"></span>ue <span class=\"_ _6\"></span>of the cash-generating uni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s to whi<span class=\"_ _0\"></span>ch good<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ll i<span class=\"_ _0\"></span>s a<span class=\"_ _6\"></span>ll<span class=\"_ _0\"></span>oc<span class=\"_ _6\"></span>ated was determined by means of a calculation using adiscounted cash flow<span class=\"_ _0\"></span> model. The starting point is <span class=\"_ _0\"></span>the operational plans of <span class=\"_ _0\"></span>the Group, whi<span class=\"_ _0\"></span>ch look a decade ahead (<span class=\"_ _0\"></span><span class=\"ls14f ws170\">to<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>2032) and havebeen approved by the <span class=\"ws7\">b</span>oard of directors. In this model<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span>macro<span class=\"ws7\">-</span>economic pa<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ameters, such as palm oil<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>ice and i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>lation, aredeemed constant for each year.<span class=\"ws7\"> </span>The con<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> pa<span class=\"_ _0\"></span>lm oil price used in the model (USD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">800</span>/ton) is management's best est<span class=\"_ _a\"></span>imate of thelong-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>lm oil price expressed as CIF R<span class=\"_ _0\"></span>ot<span class=\"_ _a\"></span>terda<span class=\"ls14f ws170\">m. <span class=\"_ _4\"></span></span><span class=\"ws7\">T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span></span>nega<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ve impact of<span class=\"_ _a\"></span> the altered <span class=\"_ _4\"></span>expor<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>ax an<span class=\"_ _0\"></span>d export levy schemes inIndonesia have been<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws166\">includ<span class=\"_ _0\"></span>ed in the fut<span class=\"_ _6\"></span>ure cash<span class=\"_ _0\"></span> flows. <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The average pal<span class=\"_ _0\"></span>m oil price <span class=\"_ _0\"></span>used in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll impairment<span class=\"ws7\"> </span>amounts to<span class=\"_ _0\"></span> USD <span class=\"ls14d ws161\">800</span>/ton w<span class=\"_ _0\"></span>hereas the spot price<span class=\"_ _0\"></span> per 31 D<span class=\"_ _0\"></span>ecember <span class=\"ls14d ws161\">202</span>2amount<span class=\"ls14d ws161\">ed</span> <span class=\"ls151 ws1b9\">t<span class=\"_ _6\"></span>o USD <span class=\"ls14d ws161\">1 070<span class=\"ls14f ws170\">/to<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">. </span></span></span></span>In the model, the growth of sal<span class=\"_ _0\"></span>es is the same as the<span class=\"_ _0\"></span> nor<span class=\"_ _a\"></span>mal improv<span class=\"_ _0\"></span>em<span class=\"_ _a\"></span>ent of the production volumes due <span class=\"_ _0\"></span>to the maturity of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>palmtrees of the variou<span class=\"_ _0\"></span>s subsidiaries. Any improvement i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>uture<span class=\"_ _0\"></span> EBITD<span class=\"_ _0\"></span>A mar<span class=\"_ _a\"></span>gins i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>el is a no<span class=\"_ _0\"></span>rm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> consequence of the s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>meimprovement in production volumes.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>The current model<span class=\"_ _0\"></span> was establi<span class=\"_ _0\"></span>shed with a w<span class=\"_ _0\"></span>eighted average cost<span class=\"_ _0\"></span> of capital <span class=\"_ _0\"></span>(af<span class=\"_ _a\"></span>ter<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ax) of<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span>11.56<span class=\"ls156 ws1ba\">% an<span class=\"_ _0\"></span>d </span></span>util<span class=\"_ _0\"></span>ises the local<span class=\"_ _0\"></span> tax rates <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>22%-<span class=\"ls156 ws194\">30%.</span>dependi<span class=\"_ _0\"></span>ng on the<span class=\"_ _0\"></span> countr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es in the<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> cash flows are<span class=\"_ _0\"></span> generated.<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ls14f ws18a\">Th<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span></span></span>rminal val<span class=\"_ _0\"></span>ue in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> discounted cash<span class=\"_ _0\"></span> flowmodel is based<span class=\"_ _0\"></span> on perpet<span class=\"_ _a\"></span>ual growth<span class=\"_ _0\"></span> of 2% in acco<span class=\"_ _0\"></span>rdance with the <span class=\"_ _0\"></span>Gordon growth model. <span class=\"_ _0\"></span>I<span class=\"_ _a\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>odel w<span class=\"_ _0\"></span>e use a sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y analys<span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>sfor various palm oil pri<span class=\"_ _0\"></span>ces and various weighted average costs<span class=\"_ _0\"></span> of capi<span class=\"_ _0\"></span>tal (WACC):<span class=\"ws7\"> </span>Palm<span class=\"_ _a\"></span> oil pri<span class=\"_ _6\"></span>ce<span class=\"_ _0\"></span> (CI<span class=\"_ _6\"></span>F R<span class=\"_ _0\"></span>ot<span class=\"_ _6\"></span>terdam)<span class=\"ls7 ws7\"> </span>Scenario 1<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 2 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 3<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>WACC Scenario 1<span class=\"ws7\"> </span>10.56% Scenario 2 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11.56% Scenario 3<span class=\"ws7\"> </span>12.56% Summary assumptions of 2022:<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>PO / <span class=\"_ _0\"></span>WAC<span class=\"_ _0\"></span>C<span class=\"ls7\"> </span>10.56% 11.56% 12.56% USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 1<span class=\"ws7\"> </span>Scenario 4<span class=\"ws7\"> </span>Scenario 7<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 2<span class=\"ws7\"> </span>Scenario <span class=\"ws165\">5 (base case)<span class=\"_ _0\"></span></span> Scenario 8<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 3<span class=\"ws7\"> </span>Scenario 6<span class=\"ws7\"> </span>Scenario 9<span class=\"ws7\"> </span>Summary assumptions of <span class=\"ls14d ws161\">202</span><span class=\"ws7\">1<span class=\"ls15b ws1a8\">: <span class=\"_ _0\"></span></span> </span>PO / <span class=\"_ _0\"></span>WAC<span class=\"_ _0\"></span>C<span class=\"ls7\"> </span>7.19% 8.19% 9.19% USD <span class=\"ls14d ws161\">705<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 1<span class=\"ws7\"> </span>Scenario 4<span class=\"ws7\"> </span>Scenario 7<span class=\"ws7\"> </span>USD 7<span class=\"ls14d ws161\">55<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 2<span class=\"ws7\"> </span>Scenario 5 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Scenario 8<span class=\"ws7\"> </span>USD <span class=\"ls14d ws161\">805<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 3<span class=\"ws7\"> </span>Scenario 6<span class=\"ws7\"> </span>Scenario 9<span class=\"ws7\"> </span>The increase of the<span class=\"_ _0\"></span> WACC compared to previous year i<span class=\"_ _0\"></span>s primar<span class=\"_ _a\"></span>ily d<span class=\"_ _0\"></span>ue to the increase i<span class=\"_ _0\"></span>n <span class=\"ws165\">w<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ld market <span class=\"ws166\">U<span class=\"_ _0\"></span>SD interest r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>in 2022. <span class=\"ws7\"> </span></span></span>For the sensi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ivity anal<span class=\"_ _0\"></span>ysis, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> price was i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased<span class=\"_ _0\"></span> and decreased by U<span class=\"_ _0\"></span>SD 50/ton. T<span class=\"_ _0\"></span>he WACC was <span class=\"_ _4\"></span>increased and decreased<span class=\"_ _0\"></span> withone percent. A sensitivity matrix is shown bel<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w for the total discounted cash flow for various pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil pri<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>es and various w<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ght<span class=\"_ _a\"></span>edaverage costs of capital<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>WA<span class=\"_ _0\"></span>CC).<span class=\"ws7\"> </span>Sensitivity matrix<span class=\"ws7\"> <span class=\"ws166\">per 31 D<span class=\"_ _0\"></span>ecember 2022</span> </span>WA<span class=\"_ _0\"></span>CC/P<span class=\"_ _0\"></span>O price<span class=\"_ _0\"></span> <span class=\"ls151 ws18b\">(i<span class=\"_ _6\"></span>n KUSD)<span class=\"ls7 ws7\"> </span></span>10.56% 11.56% 12.56% USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 025 365<span class=\"ws7\"> </span>901 297<span class=\"ws7\"> </span>801 168<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 192 466<span class=\"ws7\"> </span>1 051 510<span class=\"ws7\"> </span>937 692<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 067 563<span class=\"ws7\"> </span>940 179<span class=\"ws7\"> </span>837 318<span class=\"ws7\"> </span>Value of underl<span class=\"_ _0\"></span>ying assets*<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>* <span class=\"ls7 ws7\">C<span class=\"ls165 ws1b8\">oncer<span class=\"_ _a\"></span>ns<span class=\"_ _6\"></span> the u<span class=\"_ _a\"></span>nder<span class=\"_ _6\"></span>lying as<span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>et<span class=\"_ _0\"></span><span class=\"ls7 ws7\">s </span>r<span class=\"_ _6\"></span>elate<span class=\"_ _6\"></span>d to t<span class=\"_ _a\"></span>he <span class=\"_ _6\"></span>palm oi<span class=\"_ _6\"></span>l<span class=\"ls7 ws7\"> </span><span class=\"ws1bc\">segm<span class=\"_ _6\"></span>ent<span class=\"ls7 ws7\"> </span></span></span></span>The headroom is the dif<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>erence between the<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> discounted cash fl<span class=\"_ _0\"></span>ows and the value of the underl<span class=\"_ _0\"></span>ying asset:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Headroom (<span class=\"_ _6\"></span>in KUSD)<span class=\"fc2a ls7 ws7\"> </span>10.56%<span class=\"fc2a\"> </span>11.56%<span class=\"fc2a\"> </span>12.56%<span class=\"fc2a\"> </span>USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">204 751</span>  <span class=\"ws166\">80 683</span> - <span class=\"ws166\">19 446</span> USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">371 852</span>  <span class=\"ws165\">230 896</span>  <span class=\"ws165\">117 077</span> USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">246 949</span>  <span class=\"ws165\">119 565</span>  <span class=\"ws166\">16 704</span> Green = base scenario<span class=\"_ _0\"></span><span class=\"ws7\"> </span>We also cal<span class=\"_ _0\"></span>culate t<span class=\"_ _a\"></span>he breakeven pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil pri<span class=\"_ _0\"></span>ce based on the various WAC<span class=\"_ _0\"></span>Cs.<span class=\"ws7\"> </span>Breakeven p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice<span class=\"fc2a ws7\"> </span>10.56%<span class=\"fc2a\"> </span>11.56%<span class=\"fc2a\"> </span>12.56%<span class=\"fc2a\"> </span>US<span class=\"_ _0\"></span>D/ton<span class=\"ls7 ws7\"> </span>701 $/ton<span class=\"ws7\"> </span>729 $/ton<span class=\"ws7\"> </span>755 $/ton<span class=\"ws7\"> </span>Management is of the opinion that the assumptions used in the calculation of the value in use as described above give the bes<span class=\"_ _0\"></span>estimates of future development. The sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y analysi<span class=\"_ _0\"></span>s shows that goodwill is <span class=\"_ _0\"></span><span class=\"ws7\">in <span class=\"_ _0\"></span></span>most of the <span class=\"ws7\">cases <span class=\"_ _0\"></span></span>fully recoverable.<span class=\"ws7\"> <span class=\"_ _0\"></span></span>As a <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>esult<span class=\"_ _6\"></span>,management is of the<span class=\"_ _0\"></span> opinion that there is no<span class=\"_ _0\"></span> indication<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>y impairment. Future sales prices <span class=\"_ _0\"></span>continue to be<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>icult to<span class=\"_ _0\"></span> predi<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span> ove<span class=\"_ _0\"></span>ra long peri<span class=\"_ _0\"></span>od of<span class=\"_ _a\"></span> time and <span class=\"_ _0\"></span>will be con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nuously monitored in the future. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>9.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls150 ws16e\">BIOLOG<span class=\"_ _0\"></span>ICAL A<span class=\"_ _0\"></span>SS<span class=\"_ _0\"></span>ETS </span><span class=\"ffbf\">\u2013</span> <span class=\"ls15d ws1b1\">BEARE<span class=\"_ _a\"></span>R PLANTS<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span></span>Mov<span class=\"ls153 ws7\">em<span class=\"_ _0\"></span>ent sche<span class=\"_ _0\"></span>dule bio<span class=\"_ _0\"></span>lo<span class=\"_ _a\"></span>gi<span class=\"_ _0\"></span>cal asse<span class=\"_ _0\"></span>ts <span class=\"ls7\">- </span><span class=\"ws17d\">bearer<span class=\"_ _0\"></span> plants<span class=\"_ _0\"></span></span><span class=\"ls7\"> </span></span>The balan<span class=\"_ _0\"></span>ce sheet m<span class=\"_ _6\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents in biol<span class=\"_ _0\"></span>ogical assets<span class=\"ws7\"> <span class=\"ffc0\">\u2013</span> </span>bearer plants<span class=\"ws7\"> </span>can be summarized as <span class=\"_ _0\"></span>follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Gr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">416 487</span>  429 192Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- 17 474Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  <span class=\"ws166\">29 429</span>  27 396Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ws165\">6 145</span> - 22 594Transfers   <span class=\"ls14d ws161\">161<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  80Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">82</span></span> -  114Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">439 851</span>  416 487Accumulated depreciation and <span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mpair<span class=\"_ _0\"></span>ment<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ws165\">109 116</span> - 113 365Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 924Depreciation - <span class=\"ws166\">19 228</span> - 21 462Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">5 140</span>  20 694Transfers   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  92Accumulated <span class=\"ws166\">depreciation and impairment losses<span class=\"_ _0\"></span> at<span class=\"_ _a\"></span> December<span class=\"_ _0\"></span> 31<span class=\"ws7\"> </span></span>- <span class=\"ws165\">123 136</span> - 109 116Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">307 371</span>  315 827Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">316 71</span>4  307 37110.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER PROPERT<span class=\"_ _6\"></span>Y, PLANT AND E<span class=\"_ _a\"></span>QUIPMENT<span class=\"ls7 ws7\"> </span></span>202<span class=\"ls7 ws7\">2 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>entIn Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>al<span class=\"ls7 ws7\"> </span>, furnit<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span> pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at J<span class=\"_ _6\"></span>anuary<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  <span class=\"ws165\">643 933</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">12 947</span>  <span class=\"ws166\">10 912</span>  <span class=\"ws165\">7 451</span>  <span class=\"ws165\">1 260</span>   <span class=\"ls14d ws161\">822</span><span class=\"ws7\"> </span> <span class=\"ws165\">8 730</span>  <span class=\"ws165\">7 744</span>  <span class=\"ws166\">49 864</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">1 521</span> - <span class=\"ws165\">2 470</span> - <span class=\"ws165\">6 112</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">158</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">338</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">10 598</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">8 782</span>  <span class=\"ws165\">3 730</span>   <span class=\"ls14d ws161\">405</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">160</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">13 238</span>  0 -<span class=\"ws166\">  <span class=\"ls14d ws161\">161</span></span> Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">10</span></span>   <span class=\"ls14d ws161\">13</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">3<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">670</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">167</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">126</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">57</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">213</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">13</span></span> - <span class=\"ws165\">1 247</span> Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at De<span class=\"_ _6\"></span>cember 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">220 362</span>  <span class=\"ws165\">199 873</span>  <span class=\"ws166\">74 240</span>  <span class=\"ws166\">36 070</span>  <span class=\"ws165\">4 373</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">139 143</span>  <span class=\"ws165\">681 795</span> Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - <span class=\"ws165\">284 038</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">8 858</span> - <span class=\"ls14d ws161\">10 <span class=\"_ _a\"></span>906<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws165\">5 690</span> - <span class=\"ws165\">2 493</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">624</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">19</span></span> - <span class=\"ws166\">28 590</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">981<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">2 713</span>  <span class=\"ws165\">6 077</span>   <span class=\"ls14d ws161\">153</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  </span>1  <span class=\"ws165\">9 923</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">541<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">149<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">85</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">53</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">13<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">840<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">88 987</span> - <span class=\"ws165\">126 587</span> - <span class=\"ws166\">57 384</span> - <span class=\"ws166\">24 479</span> - <span class=\"ws165\">1 588</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 841</span> - <span class=\"ws165\">301 866</span> Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  <span class=\"ws165\">359 896</span> Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">131 374</span>  <span class=\"ws166\">73 287</span>  <span class=\"ws166\">16 856</span>  <span class=\"ws166\">11 591</span>  <span class=\"ws165\">2 785</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">136 302</span>  <span class=\"ws165\">379 931</span> The total of the<span class=\"_ _0\"></span> investment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>in tangible asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s (KU<span class=\"_ _0\"></span>SD 79 294) r<span class=\"_ _0\"></span>elates to the usual repl<span class=\"_ _0\"></span>acement<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws7\">investments</span>, but<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>theexpansions i<span class=\"_ _0\"></span>n South Sumat<span class=\"_ _a\"></span>ra <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>36 22<span class=\"_ _0\"></span>5)<span class=\"_ _a\"></span>, whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e also <span class=\"_ _0\"></span>the expansi<span class=\"_ _0\"></span>on of the D<span class=\"_ _0\"></span>endymar<span class=\"_ _a\"></span>ker mil<span class=\"_ _0\"></span>l has been <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nalised<span class=\"_ _0\"></span>. Continued covid<span class=\"_ _0\"></span>19 related logi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal and operational con<span class=\"_ _0\"></span>straints kept <span class=\"_ _0\"></span><span class=\"ws7\">investments <span class=\"_ _0\"></span></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porarily bel<span class=\"_ _0\"></span>ow expectations of USD<span class=\"_ _0\"></span> 100 milli<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>The asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> inprogress mainly relate <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he continued i<span class=\"_ _0\"></span>nvest<span class=\"_ _6\"></span>ments<span class=\"_ _0\"></span> in the immatu<span class=\"_ _0\"></span>re areas, whi<span class=\"_ _0\"></span>ch will be transferred to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>e bearer<span class=\"_ _0\"></span> plants upon theircoming to maturity. In addition<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he D<span class=\"_ _0\"></span>endymarker<span class=\"_ _a\"></span> mill ha<span class=\"_ _0\"></span>s been tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>during 2022 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the land, buildi<span class=\"_ _0\"></span>ngs and infrastr<span class=\"_ _a\"></span>ucture aftercommissioning<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he exp<span class=\"_ _0\"></span>ansion from<span class=\"_ _a\"></span> 20 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span> per hour to 60 ton<span class=\"_ _0\"></span> <span class=\"ls155 ws188\">FFB </span>per hour. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>202<span class=\"ls7 ws7\">1 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent, In Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>alfurnit<span class=\"_ _0\"></span>ure pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">188 549</span>  <span class=\"ws165\">190 336</span>  <span class=\"ws166\">72 629</span>  <span class=\"ws166\">34 138</span>  <span class=\"ws165\">3 304</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">125 533</span>  630 983Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope - <span class=\"ws165\">7 491</span> - <span class=\"ws165\">6 134</span> - <span class=\"ws165\">1 322</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">834</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">1 131</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">197</span></span> - 17 109Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">13 846</span>  <span class=\"ws165\">4 833</span>  <span class=\"ws165\">3 987</span>  <span class=\"ws165\">1 544</span>   <span class=\"ls14d ws161\">247</span><span class=\"ws7\"> </span> <span class=\"ws166\">10 448</span>  <span class=\"ws165\">6 351</span>  41 256Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">859</span></span> - <span class=\"ws165\">1 199</span> - <span class=\"ws165\">3 017</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">90</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">4 142</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">259</span></span> - 9 <span class=\"_ _6\"></span>566Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">7 722</span>   <span class=\"ls14d ws161\">237</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">505<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">186</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">8 729</span>  0 -  80Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">12</span></span>   <span class=\"ls14d ws161\">12</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">922</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">231</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">160</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">78</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">144</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">17</span></span> - 1 550Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  643 933Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 098</span> - <span class=\"ws165\">114 635</span> - <span class=\"ws166\">56 458</span> - <span class=\"ws166\">20 431</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">547</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">3 002</span> - 276 172Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope 5 988<span class=\"ws7\"> </span> <span class=\"ws165\">5 39</span>2  <span class=\"ws165\">1 193</span>   <span class=\"ls14d ws161\">541</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">181<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> 13 295Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">7 <span class=\"_ _a\"></span>980<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws166\">10 63</span>7 - <span class=\"ws165\">5 473</span> - <span class=\"ws165\">2 454</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">416</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">29</span></span> - 26 <span class=\"_ _6\"></span>988Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">725</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 142</span>  <span class=\"ws165\">2 770</span>   <span class=\"ls14d ws161\">84</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 721Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">1<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  1Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">713</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">196</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">112<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">16</span><span class=\"ws7\"> </span> 1 105Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - 284 038Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">107 451</span>  <span class=\"ws166\">75 701</span>  <span class=\"ws166\">16 171</span>  <span class=\"ws166\">13 707</span>  <span class=\"ws165\">2 757</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">122 531</span>  354 810Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  359 896Below<span class=\"_ _0\"></span> is a table with the proprietary rights on w<span class=\"_ _0\"></span>hich the plantations of the<span class=\"_ _0\"></span> SIPEF group are es<span class=\"_ _0\"></span>tablished:Hectares<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Ty<span class=\"_ _6\"></span>pe<span class=\"ls7 ws7\"> </span>Maturi<span class=\"_ _a\"></span>ty<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Cro<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>6 042<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>2 437<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>3 200<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Kerasaan <span class=\"_ _0\"></span><span class=\"ws7\">I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia </span>2 380<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>1 189<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Rubber and oi<span class=\"_ _0\"></span>l palm<span class=\"ws7\"> </span>PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>5 140<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Rubber and Tea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>1 199<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2046<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 256<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2044<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 423<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2045<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">315</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2031<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>1 410<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 903<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>7 437<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2044<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws165\">Agro Muko<span class=\"ws7\"> </span></span>2 185<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>1 515<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 100<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Rubber PT Agro Muko<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">232</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2056<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>4 397<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2048<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 071<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2048<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">679</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2049<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">462</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2049<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">155</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2019<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>13 705<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws166\">Mukomuko Agro Sejahtera<span class=\"ws7\"> </span></span>1 705<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2053<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era (STGE)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">385</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era (BKDE)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 513<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2057<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">972</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Rubber and oi<span class=\"_ _0\"></span>l <span class=\"ws7\">palm </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">128</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2075<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>2 967<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2076<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">34</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2077<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> 7 Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2079<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>6 460<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2082<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>2 900<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2101<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">170</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2102<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">694</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2106<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> 1 Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2110<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">18</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2113<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">246</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2117<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> </span>1 021<span class=\"ws7\"> </span>Freehold n/a<span class=\"ls7 ws7\"> </span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plantations J. <span class=\"ws165\">Egl<span class=\"_ _0\"></span>in SA<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">743</span> Provision<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l concessi<span class=\"_ _0\"></span>on<span class=\"ws7\"> </span>n/a<span class=\"ls7 ws7\"> </span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws166\">86 622</span> PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>1 814<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>5 712<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>7 568<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws166\">Agro Kati Lama<span class=\"ws7\"> </span></span>3 091<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>4 811<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>7 498<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>1 303<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>4 201<span class=\"ws7\"> </span>In <span class=\"ls7 ws7\">negotiation </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">385</span> In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws166\">36 383</span> * All<span class=\"_ _6\"></span> docume<span class=\"_ _6\"></span>ntati<span class=\"_ _6\"></span>on for t<span class=\"_ _a\"></span>he re<span class=\"_ _6\"></span>newal o<span class=\"_ _6\"></span>f the l<span class=\"_ _6\"></span>and rig<span class=\"_ _6\"></span>hts whi<span class=\"_ _a\"></span>ch mat<span class=\"_ _6\"></span>ured i<span class=\"_ _6\"></span>n 202<span class=\"_ _0\"></span><span class=\"ls7 ws7\">2 <span class=\"_ _0\"></span></span>h<span class=\"_ _a\"></span>as<span class=\"_ _6\"></span> been deli<span class=\"_ _6\"></span>vere<span class=\"_ _a\"></span>d in ti<span class=\"_ _6\"></span>me to t<span class=\"_ _a\"></span>he rel<span class=\"_ _6\"></span>evan<span class=\"_ _6\"></span>t author<span class=\"_ _6\"></span>ities.<span class=\"_ _a\"></span> T<span class=\"_ _6\"></span>he auth<span class=\"_ _6\"></span>oriti<span class=\"_ _6\"></span>es are in t<span class=\"_ _6\"></span>heproc<span class=\"_ _a\"></span>ess <span class=\"_ _6\"></span>of revi<span class=\"_ _6\"></span>ewin<span class=\"_ _6\"></span>g and <span class=\"_ _a\"></span>appr<span class=\"_ _6\"></span>ovin<span class=\"_ _6\"></span>g. Ther<span class=\"_ _6\"></span>e is n<span class=\"_ _a\"></span>o in<span class=\"_ _6\"></span>dicati<span class=\"_ _a\"></span>on t<span class=\"_ _6\"></span>hat<span class=\"_ _a\"></span> th<span class=\"_ _a\"></span>ese la<span class=\"_ _6\"></span>nd r<span class=\"_ _6\"></span>ights w<span class=\"_ _6\"></span>ill<span class=\"_ _6\"></span> not be r<span class=\"_ _a\"></span>enew<span class=\"_ _6\"></span>ed. In addition, our subsidiary H<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>gy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span> has a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> of 7 241<span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ws165\">hectares of </span>surveyed area <span class=\"ws165\">(of which 4 02<span class=\"_ _0\"></span>9</span> hect<span class=\"_ _6\"></span>ares plan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>) <span class=\"ls14d ws161\">on </span></span>subleased l<span class=\"_ _0\"></span>and, with renewal dates between 2036<span class=\"_ _0\"></span> and 2046.12.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">INV<span class=\"_ _0\"></span>ENTO<span class=\"ls16e ws1c9\">RIES<span class=\"_ _0\"></span></span></span> Analysi<span class=\"_ _0\"></span>s of<span class=\"_ _a\"></span> inventories<span class=\"_ _0\"></span><span class=\"ws7\">:<span class=\"_ _6\"></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Raw materials an<span class=\"_ _0\"></span>d supplies<span class=\"ws7\"> </span>24 181<span class=\"ws7\"> </span>21 508<span class=\"ws7\"> </span>Fini<span class=\"_ _0\"></span>shed goods<span class=\"_ _a\"></span><span class=\"ws7\"> </span>24 755<span class=\"ws7\"> </span>26 509<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>48 936<span class=\"ws7\"> </span>48 017<span class=\"ws7\"> </span>The remaining<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>ock of raw <span class=\"_ _0\"></span>mater<span class=\"_ _a\"></span>ials an<span class=\"_ _0\"></span>d supplies has <span class=\"_ _0\"></span>increased wi<span class=\"_ _6\"></span>th KUSD 2 673 in comparison to prior year. This i<span class=\"_ _0\"></span>s m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>nly due toincreased fertilizer prices. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The <span class=\"_ _0\"></span>decrease <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span><span class=\"ws160\">finished goods</span> <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span><span class=\"ws160\">mainly due to <span class=\"ls14f ws170\">the <span class=\"_ _0\"></span></span></span>low<span class=\"_ _0\"></span>er <span class=\"ws160\">CPO prices</span> <span class=\"_ _0\"></span><span class=\"ws160\">at year</span>-end compared t<span class=\"_ _a\"></span>o p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ior year (1 305 US<span class=\"_ _0\"></span>D/t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span> <span class=\"ls159 ws166\">in</span> 2021compared to<span class=\"ws7\"> <span class=\"_ _4\"></span></span>1 070<span class=\"_ _0\"></span> USD/ton <span class=\"ls159 ws166\">in</span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">2022</span>) <span class=\"_ _0\"></span><span class=\"ws187\">whi<span class=\"_ _0\"></span>ch resul</span></span>ts in a<span class=\"_ _0\"></span> lower ove<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>all<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ws187\">stock value</span></span>, as the<span class=\"_ _0\"></span> stock finished go<span class=\"_ _0\"></span>ods includes bi<span class=\"_ _0\"></span>olog<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>caassets measured at <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value less cost to sel<span class=\"_ _0\"></span>l at the date of ha<span class=\"_ _0\"></span>rvest<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The amount of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> s<span class=\"_ _0\"></span>tock was 11.5% hi<span class=\"_ _0\"></span>gher t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n last year.<span class=\"_ _0\"></span><span class=\"ws7\">  </span>13.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">BIOLOG<span class=\"_ _0\"></span>ICAL A<span class=\"_ _0\"></span>SSETS<span class=\"_ _0\"></span> </span> The total biol<span class=\"_ _0\"></span>ogical assets at the end o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the year <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws166\">presented be<span class=\"_ _0\"></span>low:<span class=\"ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ws7\">- <span class=\"_ _a\"></span><span class=\"ws166\">palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>6 464<span class=\"ws7\"> </span>6 306<span class=\"ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ws7\">- <span class=\"_ _a\"></span><span class=\"ls14d ws161\">bananas<span class=\"ls7 ws7\"> </span></span></span>4 472<span class=\"ws7\"> </span>2 862<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ff9c ls7 ws7\"> </span>10 936<span class=\"ws7\"> </span>9 168<span class=\"ws7\"> </span>The <span class=\"ws15f\">biological asset</span> <span class=\"_ _6\"></span>of pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil<span class=\"_ _0\"></span> is defined as the oil containe<span class=\"_ _0\"></span>d in the palm fr<span class=\"_ _a\"></span>uit. When the pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ruit<span class=\"_ _0\"></span> contains oil, then this distinct asse<span class=\"_ _0\"></span>tis recogni<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed and the f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value is estima<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> based on:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated quantity of oil<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t is availab<span class=\"_ _0\"></span>le in the palm fruit;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated sales price of<span class=\"_ _0\"></span> palm oil at the time o<span class=\"_ _0\"></span>f closing;<span class=\"_ _0\"></span></span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated cost to ha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>vest and process <span class=\"_ _0\"></span>the palm fruit;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated sales <span class=\"ffc5\">charges (<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransport, expo<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>t <span class=\"_ _0\"></span>tax, \u2026<span class=\"ff9c ls14e ws164\">).<span class=\"ls7 ws7\"> </span></span></span></span></span>Different scientific studies have show<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the oil in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he pa<span class=\"_ _0\"></span>lm oil fruit devel<span class=\"_ _0\"></span>ops expo<span class=\"_ _0\"></span>nent<span class=\"_ _a\"></span>ially in ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>oximat<span class=\"_ _a\"></span>ely 4 w<span class=\"_ _0\"></span>eeks.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he estimat<span class=\"_ _6\"></span>edquantity of oil in the<span class=\"_ _0\"></span> palm oil fruit is <span class=\"_ _0\"></span>theref<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>re determined based on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>e harvest of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> 4 weeks after the <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ime of cl<span class=\"_ _0\"></span>osing. <span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span> the calculationof the es<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>imated quan<span class=\"_ _0\"></span>tit<span class=\"_ _a\"></span>y o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> ava<span class=\"_ _0\"></span>ilable oi<span class=\"_ _0\"></span>l, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> weigh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> importance <span class=\"_ _0\"></span>of the harvest de<span class=\"_ _0\"></span>cr<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>ses step<span class=\"_ _0\"></span>-<span class=\"ls14d ws161\">by</span>-<span class=\"_ _a\"></span>step per<span class=\"_ _0\"></span> week, in<span class=\"_ _0\"></span> or<span class=\"_ _a\"></span>der to11.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">RECEI<span class=\"_ _0\"></span>VABLES &gt;<span class=\"_ _0\"></span> 1 YEAR<span class=\"_ _0\"></span></span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables &gt; 1 year<span class=\"ws7\"> <span class=\"ffc5\">\u2013</span> <span class=\"ws197\">plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span></span></span> <span class=\"ws166\">28 287</span>  <span class=\"ws166\">25 666</span> The receivabl<span class=\"_ _0\"></span>es &gt; 1 consists <span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> of plasma receivab<span class=\"_ _0\"></span>les in Indonesia.<span class=\"ws7\"> </span>Plasma receivables represent a loan granted to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sm<span class=\"_ _a\"></span>allho<span class=\"_ _0\"></span>ldersfor <span class=\"_ _9\"> </span>the accu<span class=\"_ _0\"></span>mulated costs to develop pl<span class=\"_ _0\"></span>asma plantations which are current<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y being financed by the Group. When <span class=\"_ _0\"></span>the plasmaplantations start to <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ature,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plasma farmers<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e obli<span class=\"_ _0\"></span>ged t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> sell thei<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> harvests to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group and a po<span class=\"_ _0\"></span>rtion of the<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esulting proceedswill be use<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o repay <span class=\"_ _0\"></span>the loans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The plasma receivables<span class=\"_ _0\"></span> <span class=\"ls151 ws1c7\">will be </span>gradua<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>epaid from<span class=\"_ _a\"></span> the moment the pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a holder<span class=\"_ _0\"></span>s beco<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e a going concern plantation whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ebyproceeds of the FFB<span class=\"_ _0\"></span> sales will<span class=\"_ _0\"></span> be part<span class=\"_ _a\"></span>ly used to repay <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he loan. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>are div<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ded i<span class=\"_ _a\"></span>nto interest bearing and non-<span class=\"ws166\">interest bearing. The non</span>-<span class=\"ws166\">interest bearing plasma l<span class=\"_ _0\"></span>oans </span>are discountedupon recognition. The<span class=\"_ _0\"></span> out<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>andi<span class=\"_ _0\"></span>ng receivables <span class=\"_ _0\"></span>up unt<span class=\"_ _a\"></span>il 20<span class=\"_ _0\"></span>21 had not yet be<span class=\"_ _0\"></span>en discounted and this<span class=\"_ _0\"></span> has been incl<span class=\"_ _0\"></span>uded as a on<span class=\"_ _0\"></span>e-of<span class=\"_ _0\"></span>fcorrection in 2022. The total di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>ing cost <span class=\"_ _a\"></span>up to December 31, 2022<span class=\"ws7\"> </span>amounts to KUSD 1 883 with an effect<span class=\"_ _a\"></span> of KUSD<span class=\"_ _0\"></span> 157 <span class=\"ls14f ws170\">for</span> 2022and KUS<span class=\"_ _0\"></span>D 1 726 one<span class=\"ws7\">-<span class=\"ws166\">off cor<span class=\"_ _a\"></span>rection<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ating to all outstandi<span class=\"_ _0\"></span>ng loans prior to 2022.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The Group ha<span class=\"_ _0\"></span>s calculated the expected<span class=\"_ _0\"></span> credit loss i<span class=\"_ _0\"></span>n accordance <span class=\"_ _0\"></span>with IFRS 9 and<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">has</span> <span class=\"_ _0\"></span></span>done an i<span class=\"_ _0\"></span>mpairm<span class=\"_ _a\"></span>ent <span class=\"_ _0\"></span>test on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> outstandingplasma receivabl<span class=\"_ _0\"></span>es wh<span class=\"_ _a\"></span>ich show<span class=\"_ _0\"></span>ed no basis for<span class=\"ws7\"> </span>impairment based on the lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-</span>t<span class=\"_ _a\"></span>erm repaymen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The repayment of t<span class=\"_ _a\"></span>he plasma l<span class=\"_ _0\"></span>oans will be determined largely by the plasma fruit product<span class=\"_ _a\"></span>ion<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"_ _0\"></span></span>world palm oil prices<span class=\"_ _0\"></span><span class=\"ws7\"> </span>over the nextyears <span class=\"_ _6\"></span>and i<span class=\"_ _0\"></span>s also <span class=\"_ _6\"></span>dependant on the terms and conditions of t<span class=\"_ _a\"></span>he plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a scheme. <span class=\"_ _6\"></span>There<span class=\"_ _0\"></span>fore it is not possibl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o predict <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exact timingof repayment. The<span class=\"_ _0\"></span> Group currently has<span class=\"_ _0\"></span> a total sho<span class=\"_ _0\"></span>rt term plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a receivable <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _7\"> </span><span class=\"ls14d ws161\">587</span></span><span class=\"ws7\"> <span class=\"_\"> </span><span class=\"ffc5\">\u2013</span> <span class=\"_ _7\"> </span></span>i<span class=\"_ _0\"></span>ncluded in the cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent otherreceivables - <span class=\"ws165\">and a long term pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a receivable of KU<span class=\"_ _0\"></span>SD 28 287<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span>approximate the quantity of oil at the time of<span class=\"_ _a\"></span> closing<span class=\"_ _0\"></span> as well as possible. The fair val<span class=\"_ _0\"></span>ue of t<span class=\"_ _6\"></span>he bi<span class=\"_ _0\"></span>ological asset<span class=\"_ _a\"></span>s calcul<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> the cl<span class=\"_ _0\"></span>osin<span class=\"_ _6\"></span>gvalue on the 31st o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> December <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2<span class=\"_ _0\"></span> </span>is based on l<span class=\"ws165\">evel<span class=\"_ _0\"></span> 2 dat<span class=\"_ _a\"></span>a input. <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>At <span class=\"ws160\">31<span class=\"_ _0\"></span> December <span class=\"ls14d ws161\">202</span></span>2<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total bi<span class=\"_ _0\"></span>ological assets of<span class=\"_ _0\"></span> palm oil <span class=\"_ _0\"></span>am<span class=\"_ _a\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ed to K<span class=\"_ _0\"></span>USD <span class=\"ws7\">6 <span class=\"_ _0\"></span><span class=\"ls14d ws161\">464<span class=\"_ _0\"></span></span> </span>compared<span class=\"_ _0\"></span> to KUS<span class=\"_ _0\"></span>D 6 306 <span class=\"ls16f ws1ca\">at</span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">31 </span>D<span class=\"_ _0\"></span>ecember20<span class=\"ls7 ws7\">21.  </span>Impact of the est<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mated qu<span class=\"_ _0\"></span>anti<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y of available oil<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">10%</span> Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>+10% Carrying value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span>biological<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s <span class=\"ws7\">- </span>palm oil<span class=\"ws7\"> </span>5 817<span class=\"ws7\"> </span>6 464<span class=\"ls7 ws7\"> </span>7 110<span class=\"ws7\"> </span>Gross Impact income statement <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>before tax)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">646</span> 646<span class=\"ls7 ws7\"> </span>The estimated sal<span class=\"_ _0\"></span>es price and <span class=\"_ _0\"></span>the estimated<span class=\"_ _0\"></span> cost<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and charges a<span class=\"_ _0\"></span>re the actual<span class=\"_ _0\"></span> sales prices an<span class=\"_ _0\"></span>d costs at<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>me of cl<span class=\"_ _0\"></span>osing. T<span class=\"_ _0\"></span>he resultsfrom the change o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> fair value of the<span class=\"_ _0\"></span> palm fr<span class=\"_ _a\"></span>uit<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e incl<span class=\"_ _0\"></span>uded in <span class=\"ffc8 ws7\">\u2018<span class=\"_ _0\"></span></span><span class=\"ws165\">changes in fair value<span class=\"ws7\"> </span></span><span class=\"ffc8\">of biolog<span class=\"_ _0\"></span>ical assets\u2019</span><span class=\"ws7\">. </span>The bi<span class=\"_ _0\"></span>ological assets at the end<span class=\"_ _0\"></span> of Dece<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber al<span class=\"_ _0\"></span>so contain the<span class=\"_ _0\"></span> consumable<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>biolog<span class=\"_ _0\"></span>ica<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>assets <span class=\"_ _6\"></span>of<span class=\"_ _0\"></span> bananas <span class=\"_ _0\"></span>of our subsi<span class=\"_ _0\"></span>diary PlantationsJ. Eglin S<span class=\"_ _0\"></span>A.<span class=\"_ _a\"></span> <span class=\"ws7\">The <span class=\"_ _0\"></span></span>biologi<span class=\"_ _0\"></span>ca<span class=\"_ _6\"></span>l assets<span class=\"ws7\"> <span class=\"_ _0\"></span></span>of bananas <span class=\"ls156 ws194\">a<span class=\"_ _0\"></span>re</span><span class=\"ws7\"> </span>de<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ned as the ba<span class=\"_ _0\"></span>nana bunches whi<span class=\"_ _0\"></span>ch will be harvested in 3 <span class=\"_ _0\"></span>mont<span class=\"_ _a\"></span>hs, w<span class=\"_ _0\"></span>eighted attheir pro<span class=\"ws7\">-</span>rata fo<span class=\"_ _0\"></span>r each re<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>aini<span class=\"_ _0\"></span>ng harvest<span class=\"_ _a\"></span>ing month<span class=\"_ _0\"></span>. At 3 <span class=\"_ _0\"></span>mont<span class=\"_ _a\"></span>hs<span class=\"_ _0\"></span> before harvest, a<span class=\"_ _0\"></span> reliable <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ower count is done<span class=\"_ _0\"></span>, which is<span class=\"_ _0\"></span> used <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>odetermine the estimat<span class=\"_ _a\"></span>ed biol<span class=\"_ _0\"></span>ogical <span class=\"_ _0\"></span>asset<span class=\"_ _a\"></span>s<span class=\"ls14f ws18a\">. Th<span class=\"_ _0\"></span>e</span> <span class=\"_ _0\"></span><span class=\"ws15e\">net selling price to value the biological </span>asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _4\"></span>is determined as the current marketprices reduced by the <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>emaining costs to<span class=\"_ _0\"></span> sell the biolog<span class=\"_ _0\"></span>ica<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> <span class=\"ws7\">assets<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span></span>The balance of <span class=\"ls14d ws161\">2022</span> <span class=\"_ _0\"></span>amounted <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o K<span class=\"_ _0\"></span>USD 4 472<span class=\"_ _0\"></span> (<span class=\"ls14d ws161\">202</span>1 <span class=\"_ _0\"></span>KUSD <span class=\"_ _0\"></span>2861) <span class=\"_ _0\"></span>and has <span class=\"ws7\">increased <span class=\"_ _0\"></span></span>due to the <span class=\"_ _0\"></span>mat<span class=\"_ _a\"></span>uring of<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the new plantations in A<span class=\"_ _0\"></span>koud<span class=\"ws7\">i<span class=\"ws1a9\">\u00e9 and Lumen</span> <span class=\"_ _0\"></span></span>as we<span class=\"_ _a\"></span>ll as <span class=\"_ _0\"></span>an i<span class=\"_ _6\"></span>ncrease i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he net sellingprice used<span class=\"ls14f ws170\">. </span> Impact of the est<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mated qu<span class=\"_ _0\"></span>anti<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y of available bananas<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">10%</span> Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>+10% Carrying value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the bi<span class=\"_ _0\"></span>ological asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls14d ws161\">bananas<span class=\"ls7 ws7\"> </span></span></span>4 025<span class=\"ws7\"> </span>4 472<span class=\"ws7\"> </span>4 919<span class=\"ws7\"> </span>Gross Impact income statement <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>before tax)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">447</span> 447<span class=\"ls7 ws7\"> </span>There are no restrictions, pledge<span class=\"_ _0\"></span>s or commitments in relation <span class=\"_ _0\"></span>to t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets of<span class=\"_ _a\"></span> the Group. <span class=\"_ _4\"></span><span class=\"ws7\"> </span>14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>15.<span class=\"ff9a\"> <span class=\"_\"> </span><span class=\"ffc9 ls15d ws1b1\">SHAREH<span class=\"_ _6\"></span>OLDERS\u2019 EQ<span class=\"_ _a\"></span>UITY <span class=\"ff99 ls7 ws7\"> </span></span></span>Capital stock and share pr<span class=\"_ _0\"></span>emium<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The issued <span class=\"_ _0\"></span>capital of t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> company as at D<span class=\"_ _0\"></span>ecember 31, <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amounts to<span class=\"_ _0\"></span> KUSD 44 73<span class=\"_ _0\"></span>4,<span class=\"_ _a\"></span> represented by 10<span class=\"_ _0\"></span> 579 328<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>ully pa<span class=\"_ _0\"></span>id ordinaryshares without nominal<span class=\"_ _0\"></span> value. <span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Difference Number of <span class=\"ws7\">shares </span>10 579 328<span class=\"ws7\"> </span>10 579 328<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Difference Capital  <span class=\"ws166\">44 734</span>  <span class=\"ws166\">44 734</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Share premium<span class=\"ws7\"> </span> <span class=\"ws165\">107 970</span>  <span class=\"ws165\">107 970</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">152 704</span>  <span class=\"ws165\">152 704</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>KU<span class=\"_ _0\"></span>SD<span class=\"ls7 ws7\"> </span>KU<span class=\"_ _0\"></span>SD<span class=\"ls7 ws7\"> </span>KEUR<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>KEUR<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Treasury shares <span class=\"ws7\">- </span>opening<span class=\"_ _0\"></span> balance<span class=\"ws7\"> </span> <span class=\"ws166\">11 521</span>  <span class=\"ws166\">10 277</span>  <span class=\"ws165\">9 490</span>  <span class=\"ws165\">8 389</span> Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion/sale <span class=\"ws166\">tr<span class=\"_ _a\"></span>easury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>  <span class=\"ls14d ws161\">67</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 244</span>   <span class=\"ls14d ws161\">59<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">1 101</span> Treasury shares <span class=\"ws7\">- </span>ending balance<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws166\">11 588</span>  <span class=\"ws166\">11 521</span>  <span class=\"ws165\">9 549</span>  <span class=\"ws165\">9 490</span> Since the sta<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> share<span class=\"_ _0\"></span> buy<span class=\"ws7\">-</span>back program on<span class=\"_ _0\"></span> 22 September 20<span class=\"_ _0\"></span>11, SIPEF has<span class=\"_ _0\"></span> bought back 1<span class=\"_ _0\"></span><span class=\"ls14d ws161\">78</span><span class=\"ws7\"> <span class=\"ls14d ws161\">933</span> </span>shares for a<span class=\"_ _0\"></span> total amount<span class=\"_ _0\"></span> ofKEUR <span class=\"_ _0\"></span><span class=\"ls14d ws161\">9 549</span><span class=\"ws160\">, corresponding to 1</span>.6<span class=\"ls14d ws161\">913</span>% of the total shares outstandi<span class=\"_ _0\"></span>ng,<span class=\"_ _a\"></span> as cover for a share option pl<span class=\"_ _0\"></span>an f<span class=\"_ _a\"></span>or the management. <span class=\"_ _0\"></span>Foradditional<span class=\"_ _0\"></span> i<span class=\"_ _6\"></span>nformation see note<span class=\"_ _0\"></span> 22.<span class=\"ws7\"> </span>Auth<span class=\"_ _0\"></span>ori<span class=\"ls7 ws7\">s<span class=\"ls153 ws17d\">ed c<span class=\"_ _0\"></span>apital<span class=\"_ _0\"></span></span> </span>The extraordinary ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al meeting<span class=\"_ _0\"></span> of sharehol<span class=\"_ _0\"></span>ders on June 10<span class=\"_ _0\"></span>, 2020 authori<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed the board of<span class=\"_ _0\"></span> directors <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> increase the<span class=\"_ _0\"></span> capital in oneor more operations by an a<span class=\"_ _0\"></span>mount of KUSD<span class=\"_ _0\"></span> 44 734 over a period<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>5 years after the publ<span class=\"_ _0\"></span>ication of the renewal<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Shar<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der str<span class=\"_ _0\"></span>uctur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The company has received<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>llowing<span class=\"_ _0\"></span> shareholders declarations: <span class=\"ws7\"> </span>Acti<span class=\"_ _a\"></span>ng in concer<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Number of shares <span class=\"_ _b8\"> </span><span class=\"ls156 ws194\">Date<span class=\"_ _0\"></span></span> <span class=\"_ _115\"> </span>Denominator<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> <span class=\"_ _a1\"> </span>% </span>Ackermans &amp; Van H<span class=\"_ _0\"></span>aar<span class=\"_ _a\"></span>en NV*<span class=\"_ _0\"></span><span class=\"ws7\"> </span>3 987 859<span class=\"ws7\"> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>37.695 Cabra NV**<span class=\"ws7\"> </span>1 001 032<span class=\"ws7\"> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>9.462 Cabra P**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Cabra T**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Cabra V**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Theodora Bracht**<span class=\"ws7\"> </span> <span class=\"ws165\">2 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.019 Priscilla Bracht**<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>0.000 Victoria Bracht**   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>0.000 Total votes acting in conce<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 290 891<span class=\"ws7\"> </span>50.011 * Incl<span class=\"_ _6\"></span>uding <span class=\"_ _6\"></span>178 0<span class=\"_ _6\"></span>00 own s<span class=\"_ _6\"></span>hares<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>** Gr<span class=\"_ _6\"></span>oup Br<span class=\"_ _a\"></span>ac<span class=\"_ _6\"></span>ht<span class=\"ls7 ws7\"> </span>Tr<span class=\"_ _0\"></span>anslation differ<span class=\"_ _0\"></span>ences<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>s o<span class=\"_ _0\"></span>f all the<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>erences rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> translation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> financial statements of<span class=\"_ _0\"></span> our subsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthe functional<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency is<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>erent <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> the presen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ation cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ency <span class=\"_ _0\"></span>of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _4\"></span><span class=\"ws7\">Group <span class=\"_ _4\"></span></span>(USD). The deviati<span class=\"_ _0\"></span>on from last<span class=\"_ _0\"></span> year i<span class=\"_ _0\"></span>s due to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hemovement of the U<span class=\"_ _0\"></span>SD versus the EUR (KUS<span class=\"_ _0\"></span>D <span class=\"ws7\">-<span class=\"ls14d ws161\">580</span>). </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening balance at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">10 666</span> -<span class=\"ws166\">11 038</span> Movement, full consoli<span class=\"_ _0\"></span>dation<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">580</span> - <span class=\"ls14d ws161\">719</span> Movement, change in consol<span class=\"_ _0\"></span>idation scope<span class=\"ws7\"> </span> 0 1 091<span class=\"ws7\"> </span>Ending balance at D<span class=\"_ _0\"></span>ecember 31<span class=\"ws7\"> </span>-<span class=\"ws166\">11 246</span> -<span class=\"ws166\">10 666</span> Divide<span class=\"_ _a\"></span>nds<span class=\"_ _0\"></span> On February 1<span class=\"ws7\">4</span>, 20<span class=\"ws7\">23 </span>a di<span class=\"_ _0\"></span>vidend of KEUR<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>31<span class=\"_ _0\"></span> 738 (<span class=\"_ _6\"></span>EUR 3.<span class=\"ls14d ws161\">00</span> gross per or<span class=\"_ _a\"></span>dinary share) has<span class=\"_ _0\"></span> been <span class=\"ws7\">proposed </span>by the board of<span class=\"_ _0\"></span> director<span class=\"_ _a\"></span>sbut has not yet been approved by the general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng of shareholders of SIPEF and is therefore not provided fo<span class=\"_ _0\"></span>r in the financ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>alstatem<span class=\"_ _a\"></span>ents as at<span class=\"_ _0\"></span> December 31, 202<span class=\"_ _0\"></span><span class=\"ws7\">2. </span>Capital m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent<span class=\"ls7\"> </span>The capital<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>ructure o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span><span class=\"ws7\">Group </span>is based <span class=\"_ _0\"></span>on the financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>rategy as defined by <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board of directors. Summarized, <span class=\"_ _0\"></span>this str<span class=\"_ _a\"></span>ategyconsists of an expansion po<span class=\"_ _0\"></span>licy whil<span class=\"_ _0\"></span>e respect<span class=\"_ _a\"></span>ing a very li<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ited debt <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ati<span class=\"_ _0\"></span>o.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he management puts forward yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ly the plan fo<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovalby the board of directo<span class=\"_ _0\"></span>rs.<span class=\"ws7\"> </span>Chai<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol<span class=\"ls7 ws7\"> </span>1.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls155 ws18d\">Chai<span class=\"_ _6\"></span>n of control<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ls7 ws7\">above <span class=\"ws166\">Ackermans &amp; Van H<span class=\"_ _0\"></span>aaren NV</span> </span></span></span>I.<span class=\"ls7 ws7\"> <span class=\"_ _11c\"> </span>Ackermans <span class=\"ws166\">&amp; Van Haaren NV<span class=\"_ _0\"></span> is directly controlled by Scal<span class=\"_ _0\"></span>dis Invest<span class=\"_ _a\"></span> NV, a company inco<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>porated under Bel<span class=\"_ _0\"></span>gian law<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span></span></span>II.<span class=\"ls7 ws7\"> <span class=\"_ _11c\"> </span><span class=\"ws166\">Scal<span class=\"_ _0\"></span>dis Invest NV is directly controlled<span class=\"_ _0\"></span> by Belfimas NV, a company i<span class=\"_ _0\"></span>ncorporated under Bel<span class=\"_ _0\"></span>gian law.</span> </span>III.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Belfimas NV<span class=\"_ _0\"></span> is directly controlled by Cel<span class=\"_ _0\"></span>floor SA, a company incorporated under Luxembourg law<span class=\"_ _0\"></span>.</span> </span>IV.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Celfloor SA<span class=\"_ _0\"></span> is directly controlled by Apodi<span class=\"_ _0\"></span>a Int<span class=\"_ _6\"></span>ernational<span class=\"_ _0\"></span> Holding BV, a company incorporated under<span class=\"_ _0\"></span> Dutch law.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>V. <span class=\"_ _81\"> </span>Apodia International Hol<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing B<span class=\"_ _0\"></span>V is directly controll<span class=\"_ _0\"></span>ed by Palamount SA, a company incorporated under <span class=\"_ _0\"></span>Luxembourg lawVI.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span>Palamount <span class=\"ls15f ws165\">SA</span> <span class=\"ffcb ws166\">is directly controlled by S<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cht<span class=\"_ _a\"></span>ing admini<span class=\"_ _0\"></span>str<span class=\"_ _6\"></span>atieka<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>oor \u201cHet Torentje\u201d, incorpora<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> under Dutch law<span class=\"_ _0\"></span>.<span class=\"ff9c ws7\"> </span></span></span>VII.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ffcb ws166\">Stichting Admini<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ratiekantoor \u201cHet Torent<span class=\"_ _a\"></span>je\u201d is <span class=\"_ _0\"></span>the ultimate controlling<span class=\"_ _0\"></span> shareholder. <span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span></span></span>2.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls155 ws18d\">Chai<span class=\"_ _6\"></span>n of control<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ls7 ws7\">above <span class=\"ws165\">Cabra NV</span> </span></span></span>Priscilla Bracht, Theodora Brac<span class=\"ws166\">ht and<span class=\"_ _0\"></span> Victoria Bracht exercise joi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>control over Cabra N<span class=\"_ _0\"></span><span class=\"ws7\">V. </span></span>3. Chain of control abo<span class=\"_ _0\"></span>ve Cabra P NV, Cab<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>a T NV <span class=\"_ _0\"></span><span class=\"ws7\">and <span class=\"ls152 ws1cc\">Cabra V NV </span> </span>Cabra P N<span class=\"_ _0\"></span>V,<span class=\"_ _a\"></span> Cabra T N<span class=\"_ _0\"></span>V <span class=\"ls14d ws161\">and</span><span class=\"ws7\"> </span>Cabra V NV are controlled<span class=\"_ _0\"></span> by, respectivel<span class=\"_ _0\"></span>y,<span class=\"_ _6\"></span> P<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iscil<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>Br<span class=\"_ _a\"></span>acht, Theodora Bracht <span class=\"_ _0\"></span><span class=\"ls14d ws161\">and</span> Victoria Bracht.4<span class=\"ls155 ws18d\">. Chai<span class=\"_ _a\"></span>n of cont<span class=\"_ _a\"></span>rol above SIPEF<span class=\"ls7 ws7\"> </span></span>Ackermans &amp; van Haaren N<span class=\"_ _0\"></span>V and Gr<span class=\"_ _a\"></span>oup<span class=\"_ _0\"></span><span class=\"ws7\"> Bracht <span class=\"_ _a\"></span><span class=\"ws166\">jointl<span class=\"_ _0\"></span>y exer<span class=\"_ _a\"></span>cise con<span class=\"_ _0\"></span>trol over SIPEF.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>16.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">NON</span>-<span class=\"ls150 ws16e\">C<span class=\"_ _0\"></span>ONTROLLI<span class=\"_ _0\"></span>NG INTERES<span class=\"_ _0\"></span>TS<span class=\"_ _0\"></span></span>  According to<span class=\"ws7\"> previous </span>Indonesian law, no foreign inve<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>was a<span class=\"_ _6\"></span>ll<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>wed to own more than 95% of<span class=\"_ _a\"></span> the shares of a plantation company.Therefore, <span class=\"_ _8\"> </span><span class=\"ws173\">most of the</span> <span class=\"_ _9\"> </span><span class=\"ws173\">Indonesian subsi<span class=\"_ _0\"></span>diaries have at least a 5% non<span class=\"_ _0\"></span></span>-cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span>ling interest. The non<span class=\"ws7\">-</span>controlling i<span class=\"_ _0\"></span>nter<span class=\"_ _a\"></span>ests of ourIndonesian subsi<span class=\"_ _0\"></span>diari<span class=\"_ _a\"></span>es mainly con<span class=\"_ _0\"></span>sist of<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span>e Indonesian p<span class=\"_ _0\"></span>ension f<span class=\"_ _0\"></span>und. Following an al<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>eration in the<span class=\"_ _0\"></span> law in 20<span class=\"_ _0\"></span><span class=\"ls14d ws161\">20</span>, f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eign i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>orsare now all<span class=\"_ _0\"></span>ow<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> <span class=\"ws165\">to own </span>virtually </span>100% of the shares of<span class=\"_ _0\"></span> a plantation company. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The table bel<span class=\"_ _0\"></span>ow presents t<span class=\"_ _a\"></span>he non<span class=\"ws7\">-</span>cont<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>ing interests per com<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>ny, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>heir share o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he eq<span class=\"_ _0\"></span>uity and <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he profit of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he yea<span class=\"_ _0\"></span>r.<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Share of Share of % No<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">-</span>% No<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">-</span>Share of the pr<span class=\"_ _a\"></span>ofi<span class=\"_ _a\"></span>t Share of the pr<span class=\"_ _a\"></span>ofi<span class=\"_ _a\"></span>t In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing the equity<span class=\"ws7\"> </span>of th<span class=\"_ _0\"></span>e the equity<span class=\"ws7\"> </span>of th<span class=\"_ _0\"></span>e intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>5.00 21 823<span class=\"ws7\"> </span>1 106<span class=\"ls7 ws7\"> </span>5.00 20 610<span class=\"ws7\"> </span>1 344<span class=\"ws7\"> </span>PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>9.75 6 813<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">709</span> 9.75 6 105<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">509</span> PT Kerasaan Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>45.85 6 197<span class=\"ws7\"> </span>2 029<span class=\"ws7\"> </span>45.85 6 004<span class=\"ws7\"> </span>1 774<span class=\"ws7\"> </span>PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>9.75 1 018<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">121</span> 9.75 1 139<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">125</span> PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>2.75  <span class=\"ls14d ws161\">235</span>  0 2.75  <span class=\"ls14d ws161\">235</span> - 3 PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span>14.26 - <span class=\"ls14d ws161\">447</span> - <span class=\"ls14d ws161\">104</span> 14.26 - <span class=\"ls14d ws161\">343</span>  <span class=\"ls14d ws161\">20</span> PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisesa<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5.10 - <span class=\"ls14d ws161\">68</span>  <span class=\"ls14d ws161\">469</span> 5.10 - <span class=\"ls14d ws161\">537</span>  <span class=\"ls14d ws161\">248</span> PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>5.10 - <span class=\"ls14d ws161\">182</span>  <span class=\"ls14d ws161\">18</span> 5.10 - <span class=\"ls14d ws161\">201</span>  <span class=\"ls14d ws161\">63</span> PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>5.10  <span class=\"ls14d ws161\">244</span>  <span class=\"ls14d ws161\">86</span> 5.10  <span class=\"ls14d ws161\">156</span>  <span class=\"ls14d ws161\">97</span> PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>5.00 - <span class=\"ls14d ws161\">330</span> - <span class=\"ls14d ws161\">136</span> 5.00 - <span class=\"ls14d ws161\">194</span> - <span class=\"ls14d ws161\">22</span> PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>5.00 - <span class=\"ls14d ws161\">974</span> - <span class=\"ls14d ws161\">277</span> 5.00 - <span class=\"ls14d ws161\">700</span> - <span class=\"ls14d ws161\">24</span> PT Agro Muara Rupit<span class=\"ws7\"> </span>5.10 - <span class=\"ls14d ws161\">564</span> - <span class=\"ls14d ws161\">300</span> 5.10 - <span class=\"ls14d ws161\">264</span> - <span class=\"ls14d ws161\">126</span> PT Agro Muko<span class=\"ws7\"> </span>5.00 1 344<span class=\"ws7\"> </span>1 170<span class=\"ws7\"> </span>9.75 9 259<span class=\"ws7\"> </span>2 391<span class=\"ws7\"> </span>PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5.00 -<span class=\"ws165\">2 710</span> - <span class=\"ls14d ws161\">351</span> 5.00 -<span class=\"ws165\">2 358</span> - <span class=\"ls14d ws161\">425</span> Jabelmalux S<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span><span class=\"ws7\"> </span>0.11 - <span class=\"ls14d ws161\">58</span>  0 0.11 - <span class=\"ls14d ws161\">59</span>  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>32 341<span class=\"ws7\"> </span>4 298<span class=\"ws7\"> </span>38 854<span class=\"ws7\"> </span>5 722<span class=\"ws7\"> </span>The non<span class=\"ws7\">-</span>controlli<span class=\"_ _0\"></span>ng interest<span class=\"_ _a\"></span>'s share of the property<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ant and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent (including<span class=\"_ _0\"></span> bio<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ogical assets <span class=\"_ _0\"></span>-<span class=\"_ _a\"></span> <span class=\"_ _4\"></span>bearer<span class=\"_ _0\"></span> plants)<span class=\"_ _a\"></span> amounts toKUS<span class=\"_ _6\"></span>D <span class=\"_ _a\"></span>29 787 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>(<span class=\"ls14d ws161\">202</span>1: KUS<span class=\"_ _6\"></span>D 35 <span class=\"_ _6\"></span>091). <span class=\"_ _6\"></span>In 2022, <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>T Tolan Tiga purchased the remaining 5% shares from the <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nority shareholde<span class=\"_ _0\"></span>in PT A<span class=\"_ _0\"></span>gro M<span class=\"_ _a\"></span>uko for an amount of<span class=\"_ _a\"></span> USD<span class=\"_ _0\"></span> 5.<span class=\"_ _a\"></span>5 million. <span class=\"_ _0\"></span>Due to t<span class=\"_ _a\"></span>his transaction the Group\u2019s interest percentage in PT Agro Muko increasedby 4.75%.<span class=\"ws7\"> </span>The movements of the yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> can<span class=\"_ _0\"></span> be summ<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>At th<span class=\"_ _0\"></span>e end<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ls155 ws18d\">prece<span class=\"_ _a\"></span>ding per<span class=\"_ _a\"></span>iod<span class=\"ls7 ws7\"> </span></span>38 854<span class=\"ws7\"> </span>35 862<span class=\"ws7\"> </span>Profit for the period<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>ributable to non<span class=\"ws7\">-</span>controll<span class=\"_ _0\"></span>ing interests<span class=\"ws7\"> </span>4 298<span class=\"ws7\"> </span>5 722<span class=\"ws7\"> </span>Defined B<span class=\"_ _0\"></span>enef<span class=\"_ _a\"></span>it Plans <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls152 ws179\">IAS19R<span class=\"ls7 ws7\"> </span></span></span>- 7  2 Distributed divi<span class=\"_ _0\"></span>dends<span class=\"ws7\"> </span>-<span class=\"ws165\">1 720</span> -<span class=\"ws165\">2 306</span> Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion 5% minority shares PT Agro Muko<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">9 083</span>  0 Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> 0 - <span class=\"ls14d ws161\">426</span> At the<span class=\"_ _a\"></span> end of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>32 341<span class=\"ws7\"> </span>38 854<span class=\"ws7\"> </span>The distributed divi<span class=\"_ _0\"></span>dends to non<span class=\"ws7\">-</span>controlling i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erests consist of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>PT Kerasaan Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>1 720<span class=\"ws7\"> </span>1 376<span class=\"ws7\"> </span>PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> 0  <span class=\"ls14d ws161\">930</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 720<span class=\"ws7\"> </span>2 306<span class=\"ws7\"> </span>The divi<span class=\"_ _0\"></span>dend fr<span class=\"_ _a\"></span>om PT <span class=\"ws7\">Kerasaan<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls14d ws161\">has<span class=\"ls7 ws7\"> <span class=\"ws166\">been de<span class=\"_ _0\"></span>clared</span> </span>and <span class=\"_ _6\"></span><span class=\"ls7 ws7\">pa<span class=\"_ _0\"></span>id <span class=\"ws165\">in 202</span>2. </span></span></span>There are no li<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ations to the transfer of <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ds.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he non<span class=\"ws7\">-</span>controll<span class=\"_ _0\"></span>ing inter<span class=\"_ _a\"></span>ests have no <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ights to use the assets o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> to <span class=\"_ _0\"></span>repaythe liabilities <span class=\"_ _0\"></span>of<span class=\"_ _6\"></span> the subsidiaries. The non<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>contr<span class=\"ws15e\">olling interests do not have significant protective rights.</span> <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>e are no restrictions torealise assets and settle liab<span class=\"_ _0\"></span>ilities of subsidiaries. <span class=\"ws7\"> </span>17.<span class=\"ff9a\"> <span class=\"_\"> </span></span>PROVISIONS In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Provision  <span class=\"ls14d ws161\">767</span> 1 125<span class=\"ws7\"> </span>The provisi<span class=\"_ _0\"></span>ons ar<span class=\"_ _a\"></span>e entirely related<span class=\"_ _0\"></span> to a VAT<span class=\"_ _0\"></span> dispute in <span class=\"_ _0\"></span>Indonesia (KU<span class=\"_ _0\"></span>SD 767). <span class=\"_ _6\"></span>During <span class=\"ls14d ws161\">20</span>22, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e have been a<span class=\"_ _0\"></span> <span class=\"ws7\">number </span>of court caseswhich w<span class=\"_ _0\"></span>ere set<span class=\"_ _6\"></span>tled<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>mainl<span class=\"_ _0\"></span>y in our <span class=\"_ _0\"></span>favour. It is difficult to make an estim<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the sett<span class=\"_ _a\"></span>lement time of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he dispute. <span class=\"_ _6\"></span>The <span class=\"_ _0\"></span>remaining provisi<span class=\"_ _0\"></span>onsis estimated based on <span class=\"_ _0\"></span>the r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>tio of the settled court<span class=\"_ _0\"></span> cases in favour o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> SIPEF compared <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o the to<span class=\"_ _0\"></span>tal court<span class=\"_ _a\"></span> cases<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>emaining<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span>18.<span class=\"ff9a\"> <span class=\"_\"> </span></span>PENSION LIABIL<span class=\"_ _a\"></span>ITIES<span class=\"_ _0\"></span> Defi<span class=\"_ _0\"></span>ned be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t plans<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Pension<span class=\"_ _0\"></span> liabil<span class=\"_ _a\"></span>ities mainl<span class=\"_ _0\"></span>y r<span class=\"_ _a\"></span>epresent define<span class=\"_ _0\"></span>d benefit plans i<span class=\"_ _0\"></span>n Indonesia. These<span class=\"_ _0\"></span> pension pl<span class=\"_ _0\"></span>ans,<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span>t up i<span class=\"_ _0\"></span>n order to<span class=\"_ _0\"></span> pay <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> lump sum a<span class=\"_ _0\"></span>mountat the time<span class=\"_ _0\"></span> of retirem<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, are no<span class=\"_ _0\"></span>t financed wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a third<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>ty. The<span class=\"_ _0\"></span> total number of employees <span class=\"_ _0\"></span>affect<span class=\"_ _a\"></span>ed by<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pension plan am<span class=\"_ _0\"></span>ounts to8 223<span class=\"ls7 ws166\">. The pension plan<span class=\"_ _0\"></span> is payable to an employee at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he age o<span class=\"_ _0\"></span>f 55 or after 30<span class=\"_ _0\"></span> years of seniority, whi<span class=\"_ _0\"></span>chever comes firs<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span></span>Since the pensi<span class=\"_ _0\"></span>on plan is<span class=\"_ _0\"></span> adjusted by fu<span class=\"_ _0\"></span>tur<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> salary increases and <span class=\"_ _0\"></span>discount rates,<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pension plan i<span class=\"_ _0\"></span>s exposed to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia's <span class=\"_ _4\"></span>fu<span class=\"_ _0\"></span>turesalary expectations, as well<span class=\"_ _0\"></span> as I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a's inflation and interest r<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>te risk. Furthermore, the pensi<span class=\"_ _0\"></span>on plan is payabl<span class=\"_ _0\"></span>e in In<span class=\"_ _0\"></span>donesianRupiah<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> exp<span class=\"_ _0\"></span>osing it to a curr<span class=\"_ _a\"></span>ency <span class=\"_ _0\"></span>risk. We refer to note <span class=\"_ _0\"></span><span class=\"ws7\">26 </span>f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> further details con<span class=\"_ _0\"></span>cer<span class=\"_ _a\"></span>ning the currency risk o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span>. As <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> pensionplan i<span class=\"_ _0\"></span>s unf<span class=\"_ _a\"></span>unded, there is no<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>isk relating to<span class=\"_ _0\"></span> a return on pl<span class=\"_ _0\"></span>an assets.<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The follow<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ng reconciliation summarizes the variation<span class=\"_ _0\"></span> of total pensi<span class=\"_ _0\"></span>on liabilities between <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span><span class=\"ws7\">1 <span class=\"ws165\">and 20</span>22: </span>Chang<span class=\"_ _0\"></span>e Pension Translation In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> <span class=\"_ _d7\"> </span><span class=\"ls14d ws161\">2021</span> </span>Payment <span class=\"_ _114\"> </span>E<span class=\"_ _0\"></span>xchange consoli<span class=\"_ _6\"></span>dation Othe<span class=\"_ _0\"></span>r <span class=\"_ _6d\"> </span><span class=\"ls14d ws161\">2022</span> cost difference scope<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Indonesia 21 498<span class=\"ws7\"> </span>1 375<span class=\"ws7\"> </span>-<span class=\"ws165\">1 064</span> -<span class=\"ws165\">2 009</span>  0  0  0 19 80<span class=\"ws7\">2 </span>Ivory <span class=\"_ _a\"></span>Coast<span class=\"_ _0\"></span>  <span class=\"ls14d ws161\">793</span>  9 - <span class=\"ls14d ws161\">76</span>  0 - <span class=\"ls14d ws161\">49</span>  0 - <span class=\"ls14d ws161\">31</span>  <span class=\"ls14d ws161\">646</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>22 291<span class=\"ws7\"> </span>1 384<span class=\"ws7\"> </span>-<span class=\"ws165\">1 140</span> -<span class=\"ws165\">2 009</span> - <span class=\"ls14d ws161\">49</span>  0 - <span class=\"ls14d ws161\">31</span> 20 44<span class=\"ws7\">8 </span>The follow<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ng assumptions are used in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> pension calculation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> In<span class=\"_ _0\"></span>donesia: <span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Discount rate<span class=\"ws7\"> </span>7.25% 7.50% Future salary <span class=\"ws7\">increases </span>5.00% 5.00% 55 years or 30 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> 55 years or 30 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> Assumed retirement age<span class=\"ws7\"> </span>seniority seniority Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>liabilities in Indonesi<span class=\"_ _0\"></span>a have changed as follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening 21 498<span class=\"ws7\"> </span>24 039<span class=\"ws7\"> </span>Service cost<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">116</span> 3 060<span class=\"ws7\"> </span>Inter<span class=\"_ _a\"></span>est cost<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 366<span class=\"ws7\"> </span>1 386<span class=\"ws7\"> </span>Benefits paid<span class=\"ws7\"> </span>-<span class=\"ws165\">1 064</span> -<span class=\"ws165\">1 688</span> Actuarial gai<span class=\"_ _0\"></span>ns and losses<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">126</span>  <span class=\"ls14d ws161\">638</span> Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws165\">2 009</span> - <span class=\"ls14d ws161\">214</span> Change con<span class=\"_ _0\"></span>sol<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion scope<span class=\"ws7\"> </span> 0 -<span class=\"ws165\">5 724</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> 0  0 Closi<span class=\"_ _a\"></span>ng<span class=\"ls7 ws7\"> </span>19 801<span class=\"ws7\"> </span>21 498<span class=\"ws7\"> </span>A<span class=\"ws166\">ctuarial gai<span class=\"_ _0\"></span>ns and losses consist of the foll<span class=\"_ _0\"></span>owing components:</span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Experience adj<span class=\"_ _0\"></span>ust<span class=\"_ _a\"></span>ments<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">345</span>  <span class=\"ls14d ws161\">638</span> Changes i<span class=\"_ _0\"></span>n assumpt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons used<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">471</span>  0 Total actuarial gains and <span class=\"_ _0\"></span>losses<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">126</span>  <span class=\"ls14d ws161\">638</span> The actuarial gai<span class=\"_ _0\"></span>ns an<span class=\"_ _6\"></span>d l<span class=\"_ _0\"></span>osses included <span class=\"_ _a\"></span>in the above table con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n the largest par<span class=\"_ _a\"></span>t of the total actuarial<span class=\"_ _0\"></span> gains and <span class=\"_ _0\"></span>losses included inthe other comprehensive inco<span class=\"_ _0\"></span>m<span class=\"ls14d ws161\">e.</span><span class=\"ws7\"> </span>The amounts relating to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he pe<span class=\"_ _0\"></span>nsion cost of<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>ndon<span class=\"_ _0\"></span>esia are as foll<span class=\"_ _0\"></span>ow<span class=\"_ _6\"></span>s:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Service cost<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">116</span> 3 060<span class=\"ws7\"> </span>Inter<span class=\"_ _a\"></span>est cost<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 366<span class=\"ws7\"> </span>1 386<span class=\"ws7\"> </span>Pension cost<span class=\"ws7\"> </span>1 250<span class=\"ws7\"> </span>4 446<span class=\"ws7\"> </span>Actuarial gai<span class=\"_ _0\"></span>ns and losses recorded in Other Comprehensive Incom<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">126</span>  <span class=\"ls14d ws161\">638</span> Total pension cost<span class=\"ws7\"> </span>1 37<span class=\"ws7\">5 </span>5 084<span class=\"ws7\"> </span>These costs are includ<span class=\"_ _0\"></span>ed under t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> headings cost of sales an<span class=\"_ _0\"></span>d general and administrative expenses of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he income s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Estimated benefit payments in 20<span class=\"_ _0\"></span><span class=\"ws7\">23 <span class=\"ls152 ws1cc\">a<span class=\"_ _a\"></span>re KUSD<span class=\"ls7 ws7\"> <span class=\"ls14d ws161\">899</span>. </span></span></span>Sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>ity<span class=\"ls7 ws7\"> </span>of t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>ariati<span class=\"_ _0\"></span>on of t<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t rate a<span class=\"_ _0\"></span>nd of <span class=\"_ _0\"></span>the f<span class=\"_ _0\"></span>uture<span class=\"_ _0\"></span> salary<span class=\"_ _0\"></span> <span class=\"ls153 ws17d\">i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Values as <span class=\"_ _0\"></span>appeari<span class=\"_ _6\"></span>ng i<span class=\"_ _0\"></span>n the balance sheet<span class=\"_ _a\"></span> are sensitive to changes in the actual di<span class=\"_ _0\"></span>scount r<span class=\"_ _a\"></span>ate compared to the discount rate u<span class=\"_ _0\"></span>sed.The same appli<span class=\"_ _0\"></span>es t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> changes in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> actual <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>uture salary i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>ease<span class=\"_ _0\"></span> compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the future sal<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> increase used in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>alculation<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>oour Indonesian entities, simulation<span class=\"_ _0\"></span>s were made t<span class=\"_ _a\"></span>o calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>e the i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>pact of a 1% increase or<span class=\"_ _0\"></span> decrease of both parameters on <span class=\"_ _0\"></span>thepension provi<span class=\"_ _0\"></span>sion, r<span class=\"_ _a\"></span>esulting i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng<span class=\"_ _0\"></span> ef<span class=\"_ _6\"></span>fects: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Im<span class=\"_ _a\"></span>pact of the c<span class=\"_ _a\"></span>hange in di<span class=\"_ _6\"></span>scount rate<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>+1% Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>-<span class=\"ls14d ws161\">1%</span> Pension<span class=\"_ _0\"></span> l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity of<span class=\"_ _a\"></span> the Indonesi<span class=\"_ _0\"></span>an subsidiaries<span class=\"ws7\"> </span>18 016<span class=\"ws7\"> </span>19 801<span class=\"ws7\"> </span>21 867<span class=\"ws7\"> </span>Gross impact on the<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income<span class=\"ws7\"> </span>1 785<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> Impact of the change in fu<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure salary increase<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>+1% Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>-<span class=\"ls14d ws161\">1%</span> Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ws166\">liability of the Indonesian subsi<span class=\"_ _0\"></span>diaries<span class=\"ws7\"> </span></span>21 982<span class=\"ws7\"> </span>19 801<span class=\"ws7\"> </span>17 892<span class=\"ws7\"> </span>Gross impact on the<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income<span class=\"ws7\"> </span>-<span class=\"ws165\">2 181</span> 1 909<span class=\"ws7\"> </span>Defi<span class=\"_ _0\"></span>ned co<span class=\"_ _0\"></span>ntrib<span class=\"_ _0\"></span>ution <span class=\"_ _0\"></span>plan<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The Group pays contributions to publicl<span class=\"_ _0\"></span>y or pr<span class=\"_ _a\"></span>ivately administered <span class=\"_ _a\"></span>insurance pl<span class=\"_ _0\"></span>ans.<span class=\"_ _a\"></span> Since the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>is obli<span class=\"_ _0\"></span>ged to m<span class=\"_ _a\"></span>ake additionalpayments if the average<span class=\"_ _0\"></span> ret<span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>rn on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he empl<span class=\"_ _0\"></span>oyer\u2019s contribution and o<span class=\"_ _0\"></span>n the employees\u2019 contributions i<span class=\"_ _0\"></span>s not attained, those<span class=\"_ _0\"></span> plan<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>shoul<span class=\"_ _0\"></span>dbe treated as \u201cde<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ined bene<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ans<span class=\"ws7\">\u201d<span class=\"ff9c\"> <span class=\"ws166\">in accordance with IAS 19.<span class=\"_ _0\"></span> </span> </span></span>The lia<span class=\"_ _6\"></span>bilit<span class=\"_ _a\"></span>y is based on<span class=\"_ _0\"></span> an analysi<span class=\"_ _0\"></span>s of the pl<span class=\"_ _0\"></span>ans and the<span class=\"_ _0\"></span> limited difference between <span class=\"_ _0\"></span>the legall<span class=\"_ _0\"></span>y guarant<span class=\"_ _a\"></span>eed<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ini<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>um <span class=\"_ _0\"></span>retur<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> and theinterest guaranteed by<span class=\"_ _0\"></span> the insurance company<span class=\"_ _0\"></span>, the <span class=\"_ _0\"></span>Group has co<span class=\"_ _0\"></span>ncluded that the appli<span class=\"_ _0\"></span>cation of the P<span class=\"_ _0\"></span>UC method w<span class=\"_ _0\"></span>ould have animmaterial impact.<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>The total accumulated reserves amount to KUSD<span class=\"_ _0\"></span> 1 966<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>by the end of December <span class=\"ls14d ws161\">202</span>2 <span class=\"_ _8\"> </span><span class=\"ls14e ws164\">(20<span class=\"_ _0\"></span></span>21:<span class=\"_ _6\"></span> KUSD 2 <span class=\"_ _8\"> </span>343)compared to the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nimum guaranteed reserves of KU<span class=\"_ _0\"></span>SD <span class=\"ls14d ws161\">1 648</span><span class=\"ws7\"> </span>at 31 December 20<span class=\"_ _0\"></span><span class=\"ws7\">22 <span class=\"_ _a\"></span><span class=\"ls14e ws164\">(20<span class=\"ls7 ws7\">21<span class=\"_ _0\"></span><span class=\"ls152 ws1cc\">: KUSD </span><span class=\"ws165\">1 753</span></span>).<span class=\"ls7 ws7\"> </span></span></span>Contributions pai<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>egarding the defined con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on plans amount to KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">463</span> <span class=\"ls152 ws179\">(KUSD </span>5<span class=\"ls14d ws161\">30</span> <span class=\"_ _0\"></span>in <span class=\"ls14d ws161\">20</span>21). <span class=\"_ _0\"></span>SI<span class=\"_ _6\"></span>PEF <span class=\"_ _0\"></span>is not responsible forthe minimum guaranteed return on<span class=\"_ _0\"></span> the contributions paid for the<span class=\"_ _0\"></span> members of the exec<span class=\"_ _0\"></span>utive committee (KUS<span class=\"_ _0\"></span>D <span class=\"ws7\">4<span class=\"ls14d ws161\">09<span class=\"ls14e ws164\">).</span></span> </span>19.<span class=\"ff9a\"> <span class=\"_\"> </span></span>NET FINANCIAL ASSETS/(LIABILITIE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>) Net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) <span class=\"ls14e ws164\">(N<span class=\"_ _0\"></span>on</span><span class=\"ws7\">-</span>GAAP measure) can be <span class=\"ws7\">anal<span class=\"_ _0\"></span>ysed <span class=\"ws165\">as follow<span class=\"_ _0\"></span>s:<span class=\"_ _a\"></span><span class=\"ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Sho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m obligations <span class=\"ws7\">- </span>credit institution<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -12 477Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l <span class=\"ws166\">l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year (incl<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> derivatives)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>-<span class=\"ws166\">18 000</span> -36 000Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one <span class=\"_ _0\"></span>year<span class=\"ws7\"> </span>-<span class=\"ws166\">18 000</span> -18 000Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span>10 208<span class=\"ws7\"> </span> 38Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>19 939Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 910</span> -2 691Net <span class=\"ls7 ws166\">financial assets/(liabilities)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">122</span> -49 192Analysi<span class=\"_ _0\"></span>s of<span class=\"_ _a\"></span> net financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s/(li<span class=\"_ _0\"></span>abilities) <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>per curr<span class=\"_ _a\"></span>ency<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR<span class=\"ls7 ws7\"> </span>USD<span class=\"ls7 ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>TotalSho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -<span class=\"ws166\">18 000</span>  0 -23 323Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">20</span>8 10 000<span class=\"ws7\"> </span> 0 10 208Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">801</span> 32 623<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span> 34 148Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 -<span class=\"ws166\">18 000</span>  0 -18 000Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">244</span> -<span class=\"ws165\">2 666</span>  0 -2 910Total 2022<span class=\"ws7\"> </span>-<span class=\"ws165\">4 559</span> 3 957<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span>  122Total 2021<span class=\"ws7\"> </span>-<span class=\"ws166\">12 088</span> -<span class=\"ws166\">37 664</span>  <span class=\"ls14d ws161\">559</span> -49 192The <span class=\"_ _0\"></span>shor<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">term<span class=\"_ _0\"></span></span> financi<span class=\"_ _0\"></span>al obligation<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>elate to the commercial pape<span class=\"_ _0\"></span>rs for a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws197\">5 323</span>. This <span class=\"_ _0\"></span>financial obligation<span class=\"_ _0\"></span> hasbeen completely hedg<span class=\"_ _0\"></span>ed at<span class=\"_ _a\"></span> an average <span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of 1 E<span class=\"_ _0\"></span>UR = 1.<span class=\"ls14d ws161\">0249</span><span class=\"ws7\"> <span class=\"ls151 ws172\">USD.<span class=\"_ _a\"></span> <span class=\"ls7 ws7\"> </span></span></span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits mainly incl<span class=\"_ _0\"></span>ude bank deposits w<span class=\"_ _0\"></span>ith or<span class=\"_ _a\"></span>igi<span class=\"_ _0\"></span>nal mat<span class=\"_ _a\"></span>urities of more than 3<span class=\"_ _0\"></span> mont<span class=\"_ _a\"></span>hs<span class=\"_ _0\"></span> but<span class=\"_ _a\"></span> less <span class=\"_ _0\"></span>than one year.<span class=\"_ _0\"></span> The financi<span class=\"_ _0\"></span>al liabilities wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h an origi<span class=\"_ _0\"></span>nal mat<span class=\"_ _a\"></span>urity of<span class=\"_ _0\"></span> mor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n one yea<span class=\"_ _0\"></span>r incl<span class=\"_ _0\"></span>ude <span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>5.5<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>million US<span class=\"_ _a\"></span>D loan of which <span class=\"ls14d ws161\">49<span class=\"ls14f ws170\">.5<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>millio<span class=\"_ _6\"></span>n USD hasalready <span class=\"ls14d ws161\">been</span> <span class=\"_ _6\"></span>repaid bet<span class=\"_ _a\"></span>ween 2019 - <span class=\"ls14d ws161\">202</span>2.<span class=\"_ _a\"></span> It concerns a long<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>term lo<span class=\"_ _0\"></span>an that was taken out with a banki<span class=\"_ _0\"></span>ng consortium <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith a first-classrating for cr<span class=\"_ _a\"></span>editworthiness. It concerns an unsecured l<span class=\"_ _0\"></span>oan with a term<span class=\"_ _a\"></span> of 5 years. The i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erest rate is composed as the USD<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>3Minterest rate<span class=\"ws7\"> <span class=\"_ _0\"></span></span>+ a ma<span class=\"_ _0\"></span>rgin of 1<span class=\"ws7\">.<span class=\"ls14d ws161\">20<span class=\"ls156 ws194\">% <span class=\"_ _0\"></span><span class=\"ls14f ws1b7\">to<span class=\"_ _0\"></span> 2.<span class=\"_ _0\"></span></span></span>50</span></span>%<span class=\"_ _a\"></span>, depend<span class=\"_ _0\"></span>ing on the debt/EBITDA ratio<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> The variabl<span class=\"_ _0\"></span>e interest rate<span class=\"ws7\"> <span class=\"_ _0\"></span></span>was hedg<span class=\"_ _0\"></span>ed at a <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xedinterest rate of 1.<span class=\"ls14d ws161\">3933</span>% <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hrough an<span class=\"_ _0\"></span> \"Interest Rate S<span class=\"_ _0\"></span>wap\".<span class=\"ws7\">  </span>It <span class=\"_ _0\"></span>should be noted tha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws1a9\">in 2020 <span class=\"ls152 ws179\">SIPEF <span class=\"_ _0\"></span></span></span>has m<span class=\"_ _a\"></span>ade use of the possibi<span class=\"_ _0\"></span>lity of post<span class=\"_ _a\"></span>poning cap<span class=\"_ _0\"></span>ital repayment<span class=\"_ _a\"></span>s to cope with the impact ofcovid-19. As a result<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>aym<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>t the end o<span class=\"_ _0\"></span>f June 2020 (KU<span class=\"_ _0\"></span>SD<span class=\"_ _a\"></span> 4 500)<span class=\"_ _0\"></span> have <span class=\"_ _6\"></span>been postponed un<span class=\"_ _0\"></span>til June 2024, and <span class=\"_ _0\"></span>the repaymentat the end of Septe<span class=\"_ _0\"></span>mber<span class=\"_ _a\"></span> 2020 <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ws165\">4 50<span class=\"_ _0\"></span>0)<span class=\"_ _6\"></span> <span class=\"ws166\">ha<span class=\"_ _0\"></span>s been<span class=\"ws7\"> </span>post<span class=\"_ _a\"></span>poned u<span class=\"_ _0\"></span>ntil September 2024.<span class=\"ws7\"> </span></span></span></span>There is one<span class=\"_ _0\"></span> financial requirement<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ap<span class=\"_ _0\"></span>plicable <span class=\"ls14f ws170\">to the<span class=\"_ _0\"></span></span> <span class=\"ws165\">loan cove<span class=\"_ _0\"></span>nant <span class=\"ws166\">w<span class=\"_ _0\"></span>hich states that the<span class=\"_ _0\"></span> net financi<span class=\"_ _0\"></span>al debt</span></span> <span class=\"ws166\">may not<span class=\"_ _0\"></span> </span>exceed 2.5<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ti<span class=\"_ _0\"></span>mesthe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>R<span class=\"ls152 ws179\">EBITDA</span> <span class=\"_ _6\"></span>of the year<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> This financial<span class=\"_ _0\"></span> covenant is test<span class=\"_ _a\"></span>ed eve<span class=\"_ _0\"></span>ry half<span class=\"ws7\">-yea<span class=\"ls14e ws164\">r.</span> </span>The EBITDA of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup consists o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ating results+ profit/loss from equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y compani<span class=\"_ _0\"></span>es + depreciation and addi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ional<span class=\"_ _0\"></span> i<span class=\"_ _6\"></span>mpai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ment<span class=\"_ _0\"></span><span class=\"ws7\">s</span>/increases on assets. The RE<span class=\"_ _0\"></span>BITDA consists of thesame calculation<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> bu<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>uding t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> one<span class=\"ws7\">-<span class=\"ls14f ws1a6\">off, no<span class=\"_ _0\"></span>n</span>-</span>recurring effects. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p does not br<span class=\"_ _a\"></span>each borrowing<span class=\"_ _0\"></span> limits or covenants (whereappli<span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>le) on i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s bo<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rowing <span class=\"_ _0\"></span>facilities per D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>ber 31<span class=\"_ _0\"></span>, <span class=\"ls14d ws161\">202</span>2<span class=\"ls155 ws1d0\">.<span class=\"_ _0\"></span> Th</span>e <span class=\"_ _6\"></span>fi<span class=\"_ _0\"></span>nancia<span class=\"ls159 ws166\">l </span>covenant rat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ill remain at<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>2.50<span class=\"ls7 ws7\"> </span>at <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span> June 202<span class=\"_ _0\"></span>3 <span class=\"_ _6\"></span>and<span class=\"_ _0\"></span> 31December 202<span class=\"ws7\">3<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span><span class=\"ls14f ws1d1\">D<span class=\"_ _0\"></span>ue to<span class=\"_ _0\"></span> <span class=\"ws170\">th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span></span></span></span></span>significant<span class=\"_ _0\"></span> volatility of the<span class=\"_ _0\"></span> palm oil p<span class=\"_ _0\"></span>rices an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>mpact <span class=\"ls14d ws161\">on <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the<span class=\"_ _0\"></span></span></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>result an<span class=\"_ _0\"></span>d EBITDA <span class=\"_ _0\"></span><span class=\"ws15e\">of the Group<span class=\"ls15b ws1a8\">, <span class=\"_ _0\"></span></span></span>thiscovenant is<span class=\"ws7\"> </span>continuousl<span class=\"_ _0\"></span>y m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>itor<span class=\"ls14d ws161\">ed</span><span class=\"ws7\">.<span class=\"_ _6\"></span> <span class=\"ls15b ws1a8\">It</span> <span class=\"ws166\">is not expected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t this cove<span class=\"_ _0\"></span>nant will be breached <span class=\"_ _0\"></span>in <span class=\"ls14d ws161\">202</span><span class=\"ws7\">3.  </span></span></span>Covenan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ratio<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Operating result <span class=\"ws7\"> </span>178 312<span class=\"ws7\"> </span>139 416<span class=\"ws7\"> </span>Exceptional<span class=\"_ _0\"></span> item<span class=\"_ _a\"></span>s <span class=\"ws7\"> </span> 0 -<span class=\"ws166\">11 640</span> Recurri<span class=\"_ _6\"></span>ng operati<span class=\"_ _a\"></span>ng resul<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>178 312<span class=\"ws7\"> </span>127 776<span class=\"ws7\"> </span>Depreciation<span class=\"_ _0\"></span> and r<span class=\"_ _a\"></span>esult on sale <span class=\"_ _0\"></span>FA <span class=\"ws7\"> </span>48 101<span class=\"ws7\"> </span>49 856<span class=\"ws7\"> </span>REBIT<span class=\"_ _a\"></span>DA<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>226 413<span class=\"ws7\"> </span>177 632<span class=\"ws7\"> </span>(-<span class=\"ls14e ws164\">) </span><span class=\"ws165\">minorities recurring</span> -<span class=\"ws165\">4 298</span> -<span class=\"ws165\">5 086</span> REBITDA gr<span class=\"_ _a\"></span>oup share<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>222 115<span class=\"ws7\"> </span>172 546<span class=\"ws7\"> </span>Net Senior Leverage<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0.00 0.29 Reconciliati<span class=\"_ _0\"></span>on <span class=\"ws166\">of<span class=\"_ _6\"></span> the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets/(<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iabilities) and cash flow:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Net fi<span class=\"_ _6\"></span>nancial posit<span class=\"_ _6\"></span>ion at the beginni<span class=\"_ _6\"></span>ng of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws188\">period<span class=\"ls7 ws7\"> </span></span>-<span class=\"ws166\">49 192</span> -<span class=\"ws165\">151 165</span> Decrease in l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-<span class=\"ws166\">t<span class=\"_ _a\"></span>erm borrowings<span class=\"ws7\"> </span></span></span>18 642<span class=\"ws7\"> </span>18 078<span class=\"ws7\"> </span>Increase in long<span class=\"ws7\">-<span class=\"ws166\">term borrowing<span class=\"_ _0\"></span>s</span> </span>- <span class=\"ls14d ws161\">755</span>  0 Decrease in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>7 154<span class=\"ws7\"> </span>73 710<span class=\"ws7\"> </span>Increase in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>- <span class=\"ls14d ws161\">106</span>  0 Net movement in cash <span class=\"_ _0\"></span>and cash equivalen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>24 379<span class=\"ws7\"> </span>10 186<span class=\"ws7\"> </span>Net financial assets/(liabilities) at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he end o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the p<span class=\"_ _0\"></span>eri<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>d<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">122</span> -<span class=\"ws166\">49 192</span> Reconciliati<span class=\"_ _0\"></span>on of<span class=\"_ _a\"></span> the tot<span class=\"_ _a\"></span>al <span class=\"_ _0\"></span>financial l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _6\"></span>al liabi<span class=\"_ _a\"></span>liti<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> at<span class=\"_ _a\"></span> the beginni<span class=\"_ _a\"></span>ng of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>69 168<span class=\"ws7\"> </span>160 956<span class=\"ws7\"> </span>Decrease in l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-<span class=\"ws166\">t<span class=\"_ _a\"></span>erm financial obl<span class=\"_ _0\"></span>igations<span class=\"ws7\"> </span></span></span>-<span class=\"ws166\">18 642</span> -<span class=\"ws166\">18 078</span> Increase in long<span class=\"ws7\">-<span class=\"ws166\">term financi<span class=\"_ _0\"></span>al obligations</span> </span> <span class=\"ls14d ws161\">755</span>  0 Decrease in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">7 154</span> -<span class=\"ws166\">73 710</span> Increase in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span> <span class=\"ls14d ws161\">106</span>  0 Financial <span class=\"ws166\">liabilit<span class=\"_ _a\"></span>ies at <span class=\"_ _0\"></span>the end of the p<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>iod<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>44 233<span class=\"ws7\"> </span>69 168<span class=\"ws7\"> </span>20.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">OTHER OPERATIN<span class=\"_ _0\"></span>G INC<span class=\"_ _0\"></span>OME/(<span class=\"ls150 ws16e\">EX<span class=\"_ _0\"></span>PENS<span class=\"_ _0\"></span>ES</span></span>) The other ope<span class=\"ws7\">r</span>ating income/<span class=\"_ _0\"></span>(<span class=\"ws7\">expenses</span>) can be detail<span class=\"_ _0\"></span>ed as follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Non<span class=\"ls7 ws7\">-</span>Non<span class=\"ls7 ws7\">-</span>holder<span class=\"_ _a\"></span>s In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>holder<span class=\"_ _a\"></span>s of contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>of th<span class=\"_ _0\"></span>e the parent<span class=\"ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>parent VAT cl<span class=\"_ _0\"></span>aim I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">548</span>  <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">578</span>  <span class=\"ls14d ws161\">53</span>  6  <span class=\"ls14d ws161\">59</span> VAT cl<span class=\"_ _0\"></span>aim Be<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>gium<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">274</span>  0  <span class=\"ls14d ws161\">274</span>  0  0  0 Accelerated depreciation<span class=\"_ _0\"></span> oil palms PT Dendymarker - <span class=\"ls14d ws161\">385</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">405</span> -<span class=\"ws165\">4 018</span> - <span class=\"ls14d ws161\">211</span> -<span class=\"ws165\">4 229</span> Capital<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>gain sale PT <span class=\"_ _0\"></span><span class=\"ws7\">M<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ania </span> 0  0  0 11 003<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">637</span> 11 640<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> income<span class=\"_ _0\"></span>/(<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ges)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">288</span> - <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">258</span> - <span class=\"ls14d ws161\">291</span> - <span class=\"ls14d ws161\">90</span> - <span class=\"ls14d ws161\">381</span> Ot<span class=\"_ _a\"></span>her oper<span class=\"_ _a\"></span>ati<span class=\"_ _a\"></span>ng income/(<span class=\"_ _a\"></span><span class=\"ls7 ws7\">expenses<span class=\"_ _0\"></span>) </span> <span class=\"ls14d ws161\">725</span> - <span class=\"ls14d ws161\">20</span>  <span class=\"ls14d ws161\">705</span> 6 748<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">341</span> 7 088<span class=\"ws7\"> </span>The other income/charges <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y consist out<span class=\"_ _a\"></span> <span class=\"ls14d ws161\">of</span><span class=\"ws7\">:  </span>- <span class=\"_ _60\"> </span><span class=\"ws166\">the movement i<span class=\"_ _0\"></span>n the provision<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>the Indonesian VAT<span class=\"_ _0\"></span> claim (KUSD +578) mainly in favour o<span class=\"_ _0\"></span>f SI<span class=\"_ _a\"></span>PEF<span class=\"_ _0\"></span><span class=\"ws7\">; </span></span>- <span class=\"_ _60\"> </span>the VA<span class=\"_ _0\"></span>T court case w<span class=\"_ _0\"></span>ith the Belgi<span class=\"_ _0\"></span>an authorities dating back<span class=\"_ _0\"></span> from 20<span class=\"_ _0\"></span>09 grant<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by the cou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t i<span class=\"_ _0\"></span>n favou<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span>of S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>PEF (KUSD +274)- <span class=\"_ _60\"> </span><span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>remaining <span class=\"ws166\">accelerated depreciation<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span><span class=\"ws17c\">of the<span class=\"ws7\"> <span class=\"ws166\">oil pa<span class=\"_ _0\"></span>lms in PT Dendymarker <span class=\"_ _0\"></span>(<span class=\"_ _6\"></span>K<span class=\"_ _0\"></span>USD <span class=\"ws7\">-<span class=\"ls14d ws161\">405</span>); </span></span></span></span>- <span class=\"_ _60\"> </span><span class=\"ls14f\">th<span class=\"_ _0\"></span>e s</span><span class=\"ws166\">tock<span class=\"_ _0\"></span> adjustment<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>for obsolete stock<span class=\"ws7\">;<span class=\"_ _0\"></span> </span></span>- <span class=\"_ _60\"> </span>w<span class=\"_ _0\"></span><span class=\"ws165\">arehouse sales to smallholders in P<span class=\"_ _0\"></span>apua Ne<span class=\"_ _a\"></span>w Guine<span class=\"_ _0\"></span><span class=\"ws7\">a<span class=\"ls14f ws170\">. </span> </span></span>21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> 22.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">SHARE B<span class=\"_ _6\"></span>AS<span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>D PAYMENT<span class=\"ls7 ws7\"> </span></span>Number of<span class=\"_ _6\"></span> Number of<span class=\"_ _6\"></span> Number of<span class=\"_ _6\"></span> Grant da<span class=\"_ _0\"></span>te<span class=\"ls7 ws7\"> <span class=\"_ _69\"> </span><span class=\"ws166\">Opening b<span class=\"_ _0\"></span>al<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>ce<span class=\"ws7\"> </span></span></span>opti<span class=\"_ _a\"></span>ons Ending Bal<span class=\"_ _a\"></span>anceopti<span class=\"_ _a\"></span>ons grant<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>opti<span class=\"_ _a\"></span>ons expi<span class=\"_ _a\"></span>red<span class=\"ls7 ws7\"> </span>exercised 2012<span class=\"ls7 ws7\"> </span>14 000<span class=\"ws7\"> </span>-<span class=\"ws165\">2 000</span> -12 <span class=\"ls14d ws161\">000</span> 02013<span class=\"ls7 ws7\"> </span>16 000<span class=\"ws7\"> </span>16 0002014<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002015<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002016<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002017<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002018<span class=\"ls7 ws7\"> </span>20 000<span class=\"ws7\"> </span>20 0002019<span class=\"ls7 ws7\"> </span>20 000<span class=\"ws7\"> </span>20 0002020<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002021<span class=\"ls7 ws7\"> </span>18 00<span class=\"ws7\">0 </span>18 0002022<span class=\"ls7 ws7\"> </span>0 20 000<span class=\"ws7\"> </span>20 000Balance 17<span class=\"ls7 ws7\">8 </span>000<span class=\"ls7 ws7\"> </span>20<span class=\"ls7 ws7\"> </span>000<span class=\"ls7 ws7\"> </span>-<span class=\"ws165\">2 000</span> -<span class=\"ws166\">12 000</span> 1<span class=\"ls14d ws161\">84</span> 000SIPEF'<span class=\"_ _0\"></span>s st<span class=\"_ _6\"></span>ock op<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on p<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>an,<span class=\"_ _a\"></span> which was approved in November 2011, is intended to provide long term motivation for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>embers o<span class=\"_ _4\"></span>the executive<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>ttee and general<span class=\"_ _0\"></span> direct<span class=\"_ _a\"></span>ors o<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn subsidiaries w<span class=\"_ _0\"></span>hose activities are essential<span class=\"_ _0\"></span> to the <span class=\"_ _0\"></span><span class=\"ws7\">success<span class=\"_ _0\"></span> </span>of the <span class=\"_ _0\"></span>GroupThe options gi<span class=\"_ _0\"></span>ve t<span class=\"_ _a\"></span>hem the right <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o acquire a co<span class=\"_ _0\"></span>rresponding number of SIPEF<span class=\"_ _0\"></span> shares.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The remuneration committ<span class=\"_ _a\"></span>ee is responsi<span class=\"_ _0\"></span>ble for m<span class=\"_ _a\"></span>onitoring this pl<span class=\"_ _0\"></span>an <span class=\"_ _6\"></span>and sel<span class=\"_ _0\"></span>ect<span class=\"_ _a\"></span>ing the beneficiaries. The options are provide<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ree ofcharge and their exercise period <span class=\"_ _0\"></span>is 10 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>s. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>IFRS 2 has been<span class=\"_ _0\"></span> appl<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed to t<span class=\"_ _a\"></span>he <span class=\"ws197\">stock options</span>. The to<span class=\"_ _0\"></span>tal value of the outstanding option<span class=\"_ _0\"></span>s 201<span class=\"ws7\">3 - <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span>2 </span>(valued at the fair value at themoment of granting), amoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s to<span class=\"_ _0\"></span> KUSD <span class=\"_ _0\"></span><span class=\"ws187\">1 5<span class=\"ls14d ws161\">65</span><span class=\"ws7\"> <span class=\"_ _0\"></span></span></span>and i<span class=\"_ _0\"></span>s calculated based on<span class=\"ws7\"> <span class=\"_ _4\"></span></span>an adj<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> Black &amp; Schol<span class=\"_ _0\"></span>es m<span class=\"_ _a\"></span>odel of whi<span class=\"_ _0\"></span>ch t<span class=\"_ _a\"></span>he maincharacteristics are as foll<span class=\"_ _0\"></span>ows:<span class=\"ws7\"> </span>Estimate<span class=\"_ _0\"></span>d Black &amp; Share price (in Grant da<span class=\"_ _0\"></span>te<span class=\"ls7 ws7\"> </span>Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d yield<span class=\"_ _0\"></span><span class=\"ls7\"> <span class=\"_ _b6\"> </span></span><span class=\"ws170\">V<span class=\"_ _0\"></span>olatili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span></span><span class=\"ls7\"> <span class=\"_ _68\"> </span><span class=\"ls14e ws1b0\">In<span class=\"_ _0\"></span>terest ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span></span> </span>expected Scholes Value EUR)<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>lifet<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>(i<span class=\"_ _6\"></span>n EUR)<span class=\"ls7 ws7\"> </span>2013<span class=\"ls7 ws7\"> </span>57.70 2.50% 29.69 1.36% 5.00 12.72 2014<span class=\"ls7 ws7\"> </span>47.68 2.50% 24.83 0.15% 5.00 5.34 2015<span class=\"ls7 ws7\"> </span>52.77 2.50% 22.29 0.07% 5.00 8.03 2016<span class=\"ls7 ws7\"> </span>60.49 3.00% 19.40 -0.37% 5.00 8.38 2017<span class=\"ls7 ws7\"> </span>62.80 3.00% 18.88 -0.12% 5.00 5.57 2018<span class=\"ls7 ws7\"> </span>48.80 3.00% 18.60 -0.03% 5.00 3.54 2019<span class=\"ls7 ws7\"> </span>54.80 3.00% 19.56 -0.32% 5.00 8.12 2020<span class=\"ls7 ws7\"> </span>43.20 3.00% 23.35 -0.66% 5.00 4.57 2021<span class=\"ls7 ws7\"> </span>56.90 3.00% 24.14 -0.33% 5.00 6.74 2022<span class=\"ls7 ws7\"> </span>58.90 3.00% 25.86 2.8<span class=\"ls7 ws7\">2% </span>5.00 11.73 In <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">2</span></span>, <span class=\"_ _0\"></span>20<span class=\"ls7 ws7\"> <span class=\"_ _0\"></span></span>000 <span class=\"_ _0\"></span>new stock<span class=\"_ _0\"></span> opt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons were granted wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h an exercise <span class=\"_ _0\"></span>price of EUR <span class=\"_ _0\"></span><span class=\"ws7\">57.70 <span class=\"_ _0\"></span></span>per share. The<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value when granted<span class=\"_ _0\"></span> wasfixed at KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">250</span> <span class=\"_ _1\"></span> and is recorded in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he profit and l<span class=\"_ _0\"></span>oss account<span class=\"_ _a\"></span>s over the vesting per<span class=\"_ _a\"></span>iod of 3 years (20<span class=\"_ _0\"></span><span class=\"ws7\">23-<span class=\"ls14d ws161\">202</span>5</span>).<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he t<span class=\"_ _a\"></span>otal cost ofthe stock options included<span class=\"_ _0\"></span> in the income stat<span class=\"_ _a\"></span>ement is KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">140</span><span class=\"ws7\"> <span class=\"ws189\">in 20</span>22 (<span class=\"ls14d ws161\">202</span>1<span class=\"ls152 ws1cc\">: KUSD <span class=\"ls14d ws161\">121</span></span></span>).<span class=\"_ _a\"></span> To cover the outstanding option liabilit<span class=\"_ _6\"></span>ySIPEF has a total of<span class=\"_ _0\"></span> <span class=\"ws7\">1<span class=\"ls14d ws161\">78</span> <span class=\"ls14d ws161\">933</span> <span class=\"ws165\">treasur<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>es in portfoli<span class=\"_ _0\"></span>o. <span class=\"ws7\"> </span></span></span>Average Total purchase Total purchase   <span class=\"_ _119\"> </span><span class=\"ws166\">Number of shares<span class=\"_ _0\"></span></span> purchase price pri<span class=\"_ _6\"></span>ce (i<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span> KEUR)<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>pri<span class=\"_ _6\"></span>ce (i<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span> KUSD)<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>(i<span class=\"_ _6\"></span>n EUR)<span class=\"ls7 ws7\"> </span>Opening balan<span class=\"_ _0\"></span>ce 31/<span class=\"_ _a\"></span>12/2021<span class=\"ws7\"> </span>178 000<span class=\"ws7\"> </span>53.31 9 490<span class=\"ws7\"> </span>11 521<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of t<span class=\"_ _a\"></span>reasury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 933<span class=\"ws7\"> </span>56.44  <span class=\"ls14d ws161\">166</span>  <span class=\"ls14d ws161\">176</span> Disposal of treasury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 000</span> 53.31 - <span class=\"ls14d ws161\">107</span> - <span class=\"ls14d ws161\">109</span> Ending balance 31<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>12<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>20<span class=\"_ _0\"></span>22<span class=\"ws7\"> </span>178 933<span class=\"ws7\"> </span>53.37 9 549<span class=\"ls7 ws7\"> </span>11 588<span class=\"ws7\"> </span>The extraordinary general <span class=\"_ _0\"></span>meet<span class=\"_ _a\"></span>ing of<span class=\"_ _0\"></span> shareholders on June<span class=\"_ _0\"></span> 10, 2020 authori<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed the board o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> directors <span class=\"_ _0\"></span>to purchase own sha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>oSIPEF if deemed necessary over a<span class=\"_ _0\"></span> period of 5 years<span class=\"_ _0\"></span> aft<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> publication of the<span class=\"_ _0\"></span> renewal.<span class=\"ws7\"> </span>23.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">INC<span class=\"_ _0\"></span>OME TAXES<span class=\"_ _0\"></span></span> The reconcil<span class=\"_ _0\"></span>iatio<span class=\"_ _6\"></span>n betwee<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>tax expenses and<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ax a<span class=\"_ _0\"></span>t local appl<span class=\"_ _0\"></span>ic<span class=\"_ _6\"></span>abl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>ax rates is as foll<span class=\"_ _0\"></span>ows: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Profit before tax<span class=\"ws7\"> </span>172 557<span class=\"ws7\"> </span>136 637<span class=\"ws7\"> </span>Tax at the appl<span class=\"_ _0\"></span>icable local rates<span class=\"ws7\"> </span>-<span class=\"ws166\">45 989</span> -<span class=\"ws166\">35 039</span> Average appli<span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>ax rate<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-26.65% -25.64% Withholdi<span class=\"_ _0\"></span>ng <span class=\"ws166\">t<span class=\"_ _6\"></span>ax on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> dividend of Hargy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>-<span class=\"ws165\">7 500</span>  0 Non-<span class=\"ws166\">taxable capi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>al gai<span class=\"_ _0\"></span>n on sale of PT Melania<span class=\"ws7\"> </span></span> 0 2 561<span class=\"ws7\"> </span>Permanent differences<span class=\"ws7\"> </span>-<span class=\"ws165\">3 796</span> -<span class=\"ws165\">1 907</span> Losses of the year <span class=\"_ _0\"></span>for<span class=\"_ _6\"></span> w<span class=\"_ _0\"></span>hich no DTA<span class=\"_ _0\"></span> is recognised<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">128</span> - <span class=\"ls14d ws161\">178</span> Impairment<span class=\"_ _a\"></span> losses <span class=\"_ _0\"></span>recognised on D<span class=\"_ _0\"></span>TA recognised in previ<span class=\"_ _0\"></span>ous years<span class=\"ws7\"> </span>-<span class=\"ws165\">2 003</span> -<span class=\"ws165\">2 560</span> Reversal of impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses on DTA<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnised in previous yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">105</span> 2 432<span class=\"ws7\"> </span>Corrections prior year <span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">225</span> -<span class=\"ws165\">1 384</span> Tax expen<span class=\"_ _0\"></span>se<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Average effective tax rate<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-34.50% -26.40% The wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hh<span class=\"_ _0\"></span>olding t<span class=\"_ _a\"></span>ax on<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he divi<span class=\"_ _0\"></span>dend of Hargy <span class=\"_ _0\"></span>O<span class=\"_ _a\"></span>il P<span class=\"_ _0\"></span>alms related to a<span class=\"_ _0\"></span> 15% <span class=\"_ _0\"></span><span class=\"ws7\">Withholding </span>tax payable on a<span class=\"_ _0\"></span> divide<span class=\"_ _0\"></span>nd of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>M<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 50 paid byHargy Oil Pal<span class=\"_ _0\"></span>ms t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> SIPEF. The<span class=\"_ _0\"></span> permanent differences consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>mainly of per<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span>ly rejected<span class=\"_ _0\"></span> expenses for <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ax pu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>poses and haveincreased due to the permanently rejected interest cost expenses i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> South Sumat<span class=\"_ _a\"></span>ra group du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the Thin capitali<span class=\"_ _0\"></span>sat<span class=\"_ _a\"></span>ion regulationin Indonesia. <span class=\"ws7\"> </span>We received <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>Indonesian tax authorities<span class=\"_ _0\"></span> the formal ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ov<span class=\"_ _0\"></span>al, t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t starting<span class=\"_ _0\"></span> from financial<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> 2014<span class=\"_ _0\"></span> our Indonesian a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>filiatesare allowed to lodge thei<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> tax declaration in USD. From <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he tax authorities in Papua New Guinea the SIPEF group got permission toprepare the <span class=\"_ _0\"></span>tax declaration based<span class=\"_ _0\"></span> on USD<span class=\"_ _0\"></span> accounts from 2015 on<span class=\"_ _0\"></span>wards. For <span class=\"_ _0\"></span><span class=\"ls152 ws179\">SIPEF</span><span class=\"ws7\"> </span>NV and<span class=\"_ _0\"></span> Jabelmalux S<span class=\"_ _0\"></span>A a similar au<span class=\"_ _0\"></span>thor<span class=\"_ _a\"></span>isationhas been obtained <span class=\"_ _0\"></span>with eff<span class=\"_ _6\"></span>ect<span class=\"_ _0\"></span> from the financial<span class=\"_ _0\"></span> year 2016<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>Deferred tax li<span class=\"_ _0\"></span>abilities and asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are of<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>set<span class=\"_ _0\"></span> per taxable<span class=\"_ _0\"></span> entity whi<span class=\"_ _0\"></span>ch leads to <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing split between deferred<span class=\"_ _0\"></span> tax ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts anddeferred tax liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies: <span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 097<span class=\"ws7\"> </span>13 550<span class=\"ws7\"> </span>Deferred tax li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span>-<span class=\"ws166\">48 131</span> -<span class=\"ws166\">46 950</span> Net deferred taxes<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> -<span class=\"ws166\">33 400</span> The movements in net de<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>red t<span class=\"_ _a\"></span>axes<span class=\"_ _0\"></span> (<span class=\"_ _a\"></span>assets <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls151 ws18b\">liabilitie<span class=\"_ _a\"></span>s) a<span class=\"_ _6\"></span>re:<span class=\"ls7 ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening balance<span class=\"ws7\"> </span>-<span class=\"ws166\">33 400</span> -<span class=\"ws166\">30 961</span> Variation (<span class=\"ws7\">- </span>expense) / (+<span class=\"_ _0\"></span> income) t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough income sta<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">109</span> -<span class=\"ws165\">1 352</span> Tax impact of IAS 19<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>rough comprehensive income<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">28</span>  <span class=\"ls14d ws161\">139</span> Tax impact hedge accounting vi<span class=\"_ _0\"></span>a O<span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>I<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">537</span> - <span class=\"ls14d ws161\">226</span> Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">973</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">16</span> - <span class=\"ls14d ws161\">27</span> Closing balance<span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> -<span class=\"ws166\">33 400</span> Deferred taxes in the i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atement<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>the result of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Addition/(utili<span class=\"_ _0\"></span>zat<span class=\"_ _6\"></span>ion) of tax losse<span class=\"_ _0\"></span>s br<span class=\"_ _a\"></span>ought forward<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">149</span> 1 779<span class=\"ws7\"> </span>Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 41 revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">236</span> -<span class=\"ws165\">3 149</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">466</span> -<span class=\"ws165\">2 875</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>pension provision<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">401</span>  <span class=\"ls14d ws161\">561</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r </span> <span class=\"ls14d ws161\">373</span> 2 332<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">109</span> -<span class=\"ws165\">1 352</span> Total deferred tax assets ar<span class=\"_ _a\"></span>e no<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> entirely recognized<span class=\"_ _0\"></span> in the balance sheet<span class=\"_ _a\"></span>. The <span class=\"_ _0\"></span>breakdown of total recognized and unrecogni<span class=\"_ _0\"></span>zeddeferred taxes is as <span class=\"_ _0\"></span>follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>Not recor<span class=\"_ _6\"></span>ded<span class=\"ls7 ws7\"> </span>Recorded Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 175</span>  0 -<span class=\"ws165\">1 175</span> Property, plant and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, including<span class=\"_ _0\"></span> bearer<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ants<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">44 927</span>  0 -<span class=\"ws166\">44 927</span> Inventories -<span class=\"ws165\">6 024</span>  0 -<span class=\"ws165\">6 024</span> Pension<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>si<span class=\"_ _a\"></span>on<span class=\"ws7\"> </span>4 356<span class=\"ws7\"> </span> 0 4 356<span class=\"ws7\"> </span>Tax losses<span class=\"ws7\"> </span>15 927<span class=\"ws7\"> </span>5 553<span class=\"ws7\"> </span>10 375<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"ls7 ws7\"> </span>3 362<span class=\"ws7\"> </span> 0 3 362<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">28 481</span> 5 553<span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> The majority of the unrecognized deferred tax assets at the end of 20<span class=\"ws7\">22 <span class=\"_ _0\"></span></span>are located at the companies of the South Sumatra group(KUSD <span class=\"ls14d ws161\">4 <span class=\"_ _0\"></span>784</span>)<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he Tolan Tiga group rubber activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD <span class=\"ws7\">7<span class=\"ls158 ws199\">63<span class=\"_ _0\"></span></span>)</span>. The set<span class=\"ws7\">-</span>up of and the adjustments to the deferred tax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>sare based on the<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ost<span class=\"_ _0\"></span> recently availabl<span class=\"_ _0\"></span>e long<span class=\"ws7\">-</span>term business plans. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The total tax l<span class=\"_ _0\"></span>osses (<span class=\"_ _a\"></span>recognized and <span class=\"_ _0\"></span>unr<span class=\"_ _a\"></span>ecognized<span class=\"_ _0\"></span>)<span class=\"_ _6\"></span> ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng maturity struc<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>No<span class=\"_ _0\"></span>t <span class=\"_ _a\"></span><span class=\"ls156 ws194\">reco<span class=\"_ _0\"></span>rded<span class=\"ls7 ws7\"> </span></span>Recorded1 year<span class=\"ws7\"> </span>9 189<span class=\"ws7\"> </span>9 189<span class=\"ws7\"> </span> 02 years<span class=\"ws7\"> </span>9 321<span class=\"ws7\"> </span>4 107<span class=\"ws7\"> </span>5 2133 years<span class=\"ws7\"> </span>21 771<span class=\"ws7\"> </span>10 892<span class=\"ws7\"> </span>10 8794 years<span class=\"ws7\"> </span>13 505<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">806</span> 12 6995 years<span class=\"ws7\"> </span>9 349<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">218</span> 9 130Unlim<span class=\"_ _6\"></span>ite<span class=\"_ _a\"></span>d<span class=\"ls7 ws7\"> </span>7 146<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">24</span> 7 122Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>70 280<span class=\"ws7\"> </span>25 236<span class=\"ws7\"> </span>45 044In Indonesia and Papua N<span class=\"_ _0\"></span>ew Guinea the <span class=\"_ _0\"></span>G<span class=\"_ _a\"></span>roup made advan<span class=\"_ _0\"></span>ce payments of <span class=\"_ _0\"></span>taxes i<span class=\"_ _0\"></span>n accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h local<span class=\"_ _0\"></span> legislation. These werepartly based on the<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lts of 20<span class=\"ls14d ws161\">20</span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>and partly on <span class=\"_ _0\"></span>the r<span class=\"_ _a\"></span>esults<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> 202<span class=\"_ _0\"></span><span class=\"ws7\">1 </span>whi<span class=\"_ _0\"></span>ch were both lower than the resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s o<span class=\"_ _0\"></span>f 202<span class=\"ws7\">2</span>.<span class=\"_ _0\"></span> Therefor<span class=\"_ _a\"></span>e, theprepayments of <span class=\"ws7\">taxes<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls152 ws1cc\">of KUSD <span class=\"ls7 ws166\">44 964<span class=\"ws7\"> </span>were bel<span class=\"_ _0\"></span>ow the <span class=\"ws7\">taxes </span>to be pa<span class=\"_ _0\"></span>id of KUSD 59<span class=\"_ _0\"></span> 427<span class=\"ws7\">.<span class=\"_ _a\"></span> </span></span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Taxes to receive<span class=\"ws7\"> </span>1 100<span class=\"ws7\"> </span>1 469<span class=\"ws7\"> </span>Taxes to pay<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">33 440</span> -<span class=\"ws166\">19 346</span> Net taxes to rece<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ve<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>(to<span class=\"_ _0\"></span> pay)<span class=\"ws7\"> </span>-<span class=\"ws166\">32 340</span> -<span class=\"ws166\">17 877</span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Net taxes to <span class=\"ls155 ws18d\">receive/<span class=\"_ _a\"></span>(to pay) at the<span class=\"_ _a\"></span> beginni<span class=\"_ _a\"></span>ng of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>-<span class=\"ws166\">17 877</span> 7 079<span class=\"ws7\"> </span>Change con<span class=\"_ _0\"></span>sol<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion scope<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">211</span> Transfer  0  <span class=\"ls14d ws161\">15</span> Taxes to pay<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">59 427</span> -<span class=\"ws166\">34 722</span> Paid taxes<span class=\"ws7\"> </span>44 964<span class=\"ws7\"> </span>9 962<span class=\"ws7\"> </span>Net taxes to rece<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ve<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>(to<span class=\"_ _0\"></span> pay) at the end of<span class=\"_ _0\"></span> the period<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">32 340</span> -<span class=\"ws166\">17 877</span> Taxes <span class=\"ws166\">paid as presented i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> consolidated cash flow sta<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ement ar<span class=\"_ _0\"></span>e detailed as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Tax expense<span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Deferred tax<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">109</span> 1 353<span class=\"ws7\"> </span>Current taxes<span class=\"ws7\"> </span>-<span class=\"ws166\">59 427</span> -<span class=\"ws166\">34 722</span> Variation prepai<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>axe<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">369</span> 10 101<span class=\"ws7\"> </span>Variation payab<span class=\"_ _0\"></span>le taxes<span class=\"_ _6\"></span><span class=\"ws7\"> </span>14 094<span class=\"ls7 ws7\"> </span>14 658<span class=\"ws7\"> </span>Paid taxes<span class=\"ws7\"> </span>-<span class=\"ws166\">44 964</span> -<span class=\"ws165\">9 962</span> There are no material unrecorded uncertain <span class=\"_ _0\"></span>tax positions within the <span class=\"_ _0\"></span>SIPEF group.<span class=\"ws7\"> </span>24.<span class=\"ff9a\"> <span class=\"_\"> </span></span>INVESTMENTS IN ASSOCIATES AND JOINT VENTURES The SIPEF group ha<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ag<span class=\"_ _0\"></span>e of<span class=\"_ _a\"></span> control an<span class=\"_ _0\"></span>d percentage of i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>eres<span class=\"_ _0\"></span>t in the associ<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>es and joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>En<span class=\"_ _0\"></span>ti<span class=\"_ _a\"></span>ty<span class=\"ls7 ws7\"> </span>Locati<span class=\"_ _6\"></span>on<span class=\"ls7 ws7\"> </span>% of c<span class=\"_ _a\"></span>ontrol<span class=\"ls7 ws7\"> </span>% of <span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>38.00 38.00 PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>38.00 36.10 An associate i<span class=\"_ _0\"></span>s an ent<span class=\"_ _a\"></span>ity over which the Group has signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant influence. A joint venture is a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _a\"></span>rangement whereby the <span class=\"_ _0\"></span>partiesthat have joint control<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the arrangement have<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ghts to the net ass<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>s of the a<span class=\"_ _0\"></span>rr<span class=\"_ _a\"></span>angement. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup has no j<span class=\"_ _0\"></span>oint venture<span class=\"_ _0\"></span><span class=\"ws7\">s.  </span>The investments in associates and<span class=\"_ _0\"></span> joint ventures<span class=\"_ _0\"></span> consist of V<span class=\"_ _0\"></span>erdant Bioscien<span class=\"_ _0\"></span>ce and PT Timbang Del<span class=\"_ _0\"></span>i, bot<span class=\"_ _6\"></span>h acti<span class=\"_ _0\"></span>ve in tr<span class=\"_ _6\"></span>op<span class=\"_ _0\"></span>icalagriculture.  Verdant Biosci<span class=\"_ _0\"></span>ence<span class=\"ws7\"> </span>Pte Lt<span class=\"_ _a\"></span>d (VBS) is a company l<span class=\"_ _0\"></span>ocated in Singapor<span class=\"_ _6\"></span>e. As of 1<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Jan<span class=\"_ _0\"></span>uar<span class=\"_ _a\"></span>y 2014, <span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>Group holds a 38% interest in VBS.The company is a coo<span class=\"_ _0\"></span>per<span class=\"_ _a\"></span>ation between Ackermans &amp; Van Haaren (4<span class=\"ls14f ws170\">2%), <span class=\"ls152 ws179\">SIPEF</span></span> <span class=\"ls14e ws1b0\">NV (3<span class=\"_ _0\"></span>8%)</span><span class=\"ws165\">, PT Dharma Satya Nusantara (10%</span>) <span class=\"_ _6\"></span>andBiosi<span class=\"_ _0\"></span>ng Pte (<span class=\"_ _a\"></span>10%) with the objective of conducting research<span class=\"_ _0\"></span> into and de<span class=\"_ _0\"></span>veloping high<span class=\"_ _0\"></span>-yielding seeds wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h a v<span class=\"_ _0\"></span>iew to commercializi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>gthe<span class=\"_ _0\"></span>m. <span class=\"ls7 ws7\"> </span>The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p <span class=\"_ _4\"></span></span>holds <span class=\"_ _4\"></span><span class=\"ws187\">via Verdant<span class=\"_ _0\"></span> Bioscience Pte Ltd<span class=\"_ _0\"></span> a 36</span>.10% pa<span class=\"_ _0\"></span>rt<span class=\"_ _a\"></span>icipa<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on in PT Timbang<span class=\"_ _0\"></span> Deli, a co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>ny located on the<span class=\"_ _0\"></span> island ofSumatra in Indonesia. PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli is <span class=\"_ _0\"></span>engaged <span class=\"_ _6\"></span>in cultivation of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws160\">palm oil an<span class=\"_ _0\"></span>d rubber and</span> <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ovides <span class=\"_ _0\"></span>the practical operation of theGroup's research activities. Foll<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>wi<span class=\"_ _0\"></span>ng the Share S<span class=\"_ _a\"></span>wap agreement with Verdant Bioscience Pte Ltd the <span class=\"ls152 ws179\">SIPEF</span><span class=\"ws7\"> </span>group contr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>buted 95%of the total numbe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> of shares o<span class=\"_ _0\"></span>f PT Timbang Del<span class=\"_ _0\"></span>i to Verdant Bioscience Pte Ltd.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>T<span class=\"ws166\">he total </span>section <span class=\"ws166\">\"investments in <span class=\"_ _0\"></span>associates and joint ventures\" can <span class=\"_ _0\"></span>be summarized as foll<span class=\"_ _0\"></span>ows: </span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>3 801<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span> - <span class=\"ls14d ws161\">749</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>3 032<span class=\"ws7\"> </span>3 598<span class=\"ws7\"> </span>During the first four<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hs<span class=\"_ _0\"></span> of 2021, PT Mel<span class=\"_ _0\"></span>ania <span class=\"ws7\">w<span class=\"_ _0\"></span>as </span>i<span class=\"_ _0\"></span>ncluded in the consol<span class=\"_ _0\"></span>idation as a j<span class=\"_ _0\"></span>oint ventur<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span><span class=\"ws7\"> </span>be<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ore<span class=\"_ _0\"></span> being classi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied as anasset held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _a\"></span> <span class=\"ls14f ws7\">Th<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>tal <span class=\"_ _0\"></span><span class=\"ls7\">sect<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"ws166\">\"Share of results of associated <span class=\"_ _0\"></span>companies</span> <span class=\"ws166\">and j<span class=\"_ _0\"></span>oint vent<span class=\"_ _a\"></span>ures\" can be su<span class=\"_ _0\"></span>mm<span class=\"_ _a\"></span>arized as <span class=\"_ _0\"></span>fo<span class=\"ws7\">llows: </span></span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> 0 -<span class=\"ls14d ws161\">59</span> Total<span class=\"_ _6\"></span> result<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">566</span> -<span class=\"ws165\">1 0<span class=\"ls14d ws161\">91</span></span> Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>esent the condensed statement<span class=\"_ _a\"></span>s of financial po<span class=\"_ _0\"></span>siti<span class=\"_ _6\"></span>on of the associated <span class=\"_ _0\"></span>companies and joint vent<span class=\"_ _a\"></span>ures. These are preparedin accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS and are before i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ercompany elimination<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>and excludi<span class=\"_ _0\"></span>ng good<span class=\"_ _a\"></span>will.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0 3 546<span class=\"ws7\"> </span>3 772<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span><span class=\"ls7\">-<span class=\"ws166\">current assets</span> </span>23 886<span class=\"ws7\"> </span>23 876<span class=\"ws7\"> </span>6 275<span class=\"ws7\"> </span>6 727<span class=\"ws7\"> </span>Current assets<span class=\"ws7\"> </span>13 723<span class=\"ws7\"> </span>14 077<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">892</span> 1 276<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">248</span>  <span class=\"ls14d ws161\">129</span>  <span class=\"ls14d ws161\">206</span>  <span class=\"ls14d ws161\">225</span> Total assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>37 856<span class=\"ws7\"> </span>38 083<span class=\"ws7\"> </span>10 919<span class=\"ws7\"> </span>12 000<span class=\"ws7\"> </span>Non-<span class=\"ws166\">current liabil<span class=\"_ _0\"></span>iti<span class=\"_ _a\"></span>es<span class=\"ws7\"> </span></span>- <span class=\"ls14d ws161\">14</span> - <span class=\"ls14d ws161\">14</span> 1 341<span class=\"ws7\"> </span>1 271<span class=\"ws7\"> </span>Long <span class=\"ls7 ws166\">ter<span class=\"_ _a\"></span>m financi<span class=\"_ _0\"></span>al debts<span class=\"ws7\"> </span></span> 0  0  0  0 Cur<span class=\"_ _a\"></span>ren<span class=\"_ _6\"></span>t liabil<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>21 707<span class=\"ws7\"> </span>20 497<span class=\"ws7\"> </span>13 945<span class=\"ws7\"> </span>15 039<span class=\"ws7\"> </span>Short term financi<span class=\"_ _0\"></span>al debts<span class=\"ws7\"> </span> 0  0  0  0 Eq<span class=\"_ _0\"></span>uity<span class=\"ls7 ws7\"> </span>16 162<span class=\"ws7\"> </span>17 599<span class=\"ws7\"> </span>-<span class=\"ws165\">4 367</span> -<span class=\"ws165\">4 311</span> To<span class=\"_ _0\"></span>tal eq<span class=\"_ _0\"></span>uity an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>37 856<span class=\"ws7\"> </span>38 083<span class=\"ws7\"> </span>10 919<span class=\"ws7\"> </span>12 000<span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we present the condensed i<span class=\"_ _0\"></span>ncome st<span class=\"_ _6\"></span>ate<span class=\"_ _0\"></span>ments of the associ<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>panies and <span class=\"_ _0\"></span>joint ventures.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>hese are prepar<span class=\"_ _a\"></span>ed inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h IFR<span class=\"_ _0\"></span>S and are befor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> intercom<span class=\"_ _a\"></span>pany eli<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>inations and <span class=\"_ _0\"></span>excluding goodwill. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inclusion i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he consoli<span class=\"_ _0\"></span>dation:<span class=\"_ _6\"></span><span class=\"ws7\"> </span>38.00% 38.00% 36.10% 36.10% Revenue   0  0 5 056<span class=\"ws7\"> </span>3 319<span class=\"ws7\"> </span>Depreciation  <span class=\"ls14d ws161\">48</span>  <span class=\"ls14d ws161\">10</span>  <span class=\"ls14d ws161\">841</span>  <span class=\"ls14d ws161\">920</span> Inter<span class=\"_ _a\"></span>est i<span class=\"_ _0\"></span>ncome<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">200</span>  <span class=\"ls14d ws161\">33</span>  5  3 Inter<span class=\"_ _a\"></span>est charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0  0 - <span class=\"ls14d ws161\">200</span> - <span class=\"ls14d ws161\">33</span> Total <span class=\"ws165\">comprehensive income</span> -<span class=\"ws165\">1 436</span> -<span class=\"ws165\">1 486</span> - <span class=\"ls14d ws161\">56</span> -<span class=\"ws165\">1 295</span> Share in the consolidation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Total share of the group<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Total share minorities<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0  0  0  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Reconc<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ation of the<span class=\"_ _0\"></span> <span class=\"ls153 ws1cb\">associa<span class=\"_ _0\"></span>ted co<span class=\"_ _a\"></span>mpa<span class=\"_ _0\"></span>nies and jo<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>t ventur<span class=\"_ _0\"></span>es<span class=\"ls7 ws7\"> </span></span>The below<span class=\"_ _0\"></span> tables are prepared in acco<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>dance<span class=\"_ _0\"></span> based on the<span class=\"_ _0\"></span> IFRS finan<span class=\"_ _0\"></span>cial statement<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> as includ<span class=\"_ _0\"></span>ed in the consol<span class=\"_ _0\"></span>idation, in accor<span class=\"_ _0\"></span>dancewith the accounting pol<span class=\"_ _0\"></span>icies of the SIPEF group, before goodw<span class=\"_ _0\"></span>ill allocation.<span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equity wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ho<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span> goodwill<span class=\"ws7\"> </span>16 161<span class=\"ws7\"> </span>17 599<span class=\"ws7\"> </span>-<span class=\"ws165\">4 367</span> -<span class=\"ws165\">4 311</span> Share of the group<span class=\"_ _0\"></span><span class=\"ws7\"> </span>6 141<span class=\"ws7\"> </span>6 687<span class=\"ws7\"> </span>-<span class=\"ws165\">1 576</span> -<span class=\"ws165\">1 556</span> Goodwill 0 0  <span class=\"ls14d ws161\">807</span>  <span class=\"ls14d ws161\">807</span> Equity eli<span class=\"_ _0\"></span>minatio<span class=\"_ _6\"></span>n P<span class=\"_ _0\"></span>T Timbang Deli<span class=\"ws7\"> </span>-<span class=\"ws165\">2 340</span> -<span class=\"ws165\">2 340</span>  0  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>3 801<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span> - <span class=\"ls14d ws161\">749</span> Dividen<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span>s rec<span class=\"_ _0\"></span>eived from<span class=\"_ _0\"></span> associ<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> comp<span class=\"_ _0\"></span>anies and j<span class=\"_ _0\"></span>oint ventur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>During the year <span class=\"ls14d ws161\">no</span><span class=\"ws7\"> </span>divide<span class=\"_ _0\"></span>nds were received<span class=\"ws7\"> </span>from associated compa<span class=\"_ _0\"></span>nies and joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures. <span class=\"ffd5 fs30 ws7\"> </span>There are no restrictions on <span class=\"_ _0\"></span>the transfers of funds to<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span><span class=\"ws7\">. </span>25.<span class=\"ff9a\"> <span class=\"_\"> </span></span>CHANGE IN NET<span class=\"_ _a\"></span> WORKING CAPITAL<span class=\"_ _0\"></span> Cash flow<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>rom<span class=\"_ _0\"></span> operat<span class=\"_ _a\"></span>ing activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es increased from KUSD<span class=\"_ _0\"></span> 178 796 in 2021 to<span class=\"_ _0\"></span> KUSD 216 71<span class=\"_ _0\"></span>4 in 2022, in line<span class=\"_ _0\"></span> with the increase inoperating profit. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The variation of the working cap<span class=\"_ _0\"></span>ital of KU<span class=\"_ _a\"></span>SD <span class=\"_ _0\"></span>-6 455 mainly concerned a t<span class=\"_ _6\"></span>emporary increase in trade receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>and tr<span class=\"_ _a\"></span>ade payabl<span class=\"_ _0\"></span>esand an increased bo<span class=\"_ _0\"></span>nus provision. The stock level of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> w<span class=\"_ _0\"></span>as at a<span class=\"_ _0\"></span> very high leve<span class=\"_ _0\"></span>l thr<span class=\"_ _a\"></span>oughout 2022 due <span class=\"_ _0\"></span>to t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> dest<span class=\"_ _a\"></span>abil<span class=\"_ _0\"></span>ised loc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> CP<span class=\"_ _0\"></span>Omarket in Indonesia. At year<span class=\"_ _0\"></span><span class=\"ws7\">-</span>end it had full<span class=\"_ _0\"></span>y norm<span class=\"_ _a\"></span>alised<span class=\"_ _0\"></span> and was almost back to <span class=\"_ _0\"></span>the same tonnage as a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> the<span class=\"_ _0\"></span> end of 2021.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The above<span class=\"ws7\">-</span>mentioned use of worki<span class=\"_ _0\"></span>ng capital concerned the usu<span class=\"_ _0\"></span>al temporary movements.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>26.<span class=\"ff9a\"> <span class=\"_\"> </span></span>FINANCIAL INSTRUMENTS Exposure to fluctuations in the market price of cor<span class=\"_ _a\"></span>e products, currenci<span class=\"_ _0\"></span>es, inter<span class=\"_ _a\"></span>est rates and credit r<span class=\"_ _a\"></span>isk arises i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he norma<span class=\"_ _0\"></span>l course othe<span class=\"_ _0\"></span> Gr<span class=\"_ _a\"></span>oup\u2019s busi<span class=\"_ _0\"></span>ness. Financial de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivative instruments are used to a l<span class=\"_ _0\"></span>imited extend t<span class=\"_ _a\"></span>o reduce <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exposure t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uati<span class=\"_ _0\"></span>ons in foreignexchange rates and interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ra<span class=\"_ _0\"></span>tes. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fluctua<span class=\"_ _0\"></span>tions in th<span class=\"_ _0\"></span>e market pric<span class=\"_ _0\"></span>e of core <span class=\"_ _0\"></span>products<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Struc<span class=\"_ _0\"></span>tural risk<span class=\"_ _0\"></span><span class=\"ff9c ls7 ws7\"> </span>SIPEF group i<span class=\"_ _0\"></span>s exp<span class=\"_ _6\"></span>osed to structural price risks of their core products. The risk is primarily related to palm oil and palm k<span class=\"_ _0\"></span>ernel oil a<span class=\"_ _a\"></span>ndto a l<span class=\"_ _0\"></span>esser<span class=\"_ _a\"></span> extent <span class=\"_ _0\"></span>to rubber. A chang<span class=\"_ _0\"></span>e of the pal<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> oi<span class=\"_ _0\"></span>l price o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> U<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span> 10 CIF per ton ha<span class=\"_ _0\"></span>s an impact<span class=\"_ _0\"></span> of about KUSD <span class=\"_ _4\"></span>2 683 <span class=\"_ _8\"> </span>(withouconsidering<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the impact of the cur<span class=\"_ _0\"></span>rent export tax and<span class=\"_ _0\"></span> export levies i<span class=\"_ _0\"></span>n I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a)<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esult<span class=\"_ _0\"></span> af<span class=\"_ _a\"></span>ter tax. Thi<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>isk is assu<span class=\"_ _0\"></span>med to be <span class=\"_ _0\"></span>abusiness risk. <span class=\"ws7\"> </span>Transactional risk<span class=\"ff9c ws7\"> </span>The <span class=\"ls14f ws170\">Group</span> faces <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransactional<span class=\"_ _0\"></span> price risks on<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>s sol<span class=\"_ _0\"></span>d. The transaction<span class=\"_ _0\"></span>al risk is the risk tha<span class=\"_ _0\"></span>t the price<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oducts purchased<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>mthird parties fluctuates<span class=\"_ _0\"></span> bet<span class=\"_ _a\"></span>ween the<span class=\"_ _0\"></span> time the p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice is fixed<span class=\"_ _0\"></span> with a cust<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>er and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransaction<span class=\"_ _0\"></span> is settled. This <span class=\"_ _0\"></span>risk is assumedto be a business risk.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Curr<span class=\"_ _0\"></span>ency risk<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Most of the subsidiari<span class=\"_ _0\"></span>es ar<span class=\"_ _a\"></span>e using the US dollar as functional curr<span class=\"_ _a\"></span>ency. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span>\u2019s currency risk can be spli<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o three distinctcategories: structural, transactional and <span class=\"_ _0\"></span>translational: <span class=\"ws7\"> </span>Struc<span class=\"_ _0\"></span>tural risk<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Most <span class=\"_ _0\"></span>of the <span class=\"_ _6\"></span>Group\u2019s <span class=\"_ _4\"></span>revenues are denominated in US<span class=\"_ _0\"></span>D, wh<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>le <span class=\"ls158 ws199\">al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he operations are l<span class=\"_ _0\"></span>ocat<span class=\"_ _a\"></span>ed outside the USD<span class=\"_ _0\"></span> zo<span class=\"_ _6\"></span>ne (particularl<span class=\"_ _0\"></span>y inIndonesia, Papua N<span class=\"_ _0\"></span>ew Guin<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> Ivory Coast and Europe). Any cha<span class=\"_ _0\"></span>nge in the USD<span class=\"_ _0\"></span> aga<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> the local currency will<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>herefore have aconsiderabl<span class=\"_ _0\"></span>e impact<span class=\"_ _a\"></span> on the operating result of <span class=\"_ _0\"></span>the company. Most of<span class=\"_ _0\"></span> these risks are conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed to be a <span class=\"_ _0\"></span>business risk. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Transactional risk<span class=\"ff9c ws7\"> </span>The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group</span> <span class=\"_ _0\"></span>is also subject to transactional risks in <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>ect<span class=\"_ _6\"></span> of curren<span class=\"_ _0\"></span>cies, i.e.<span class=\"_ _a\"></span> the risk of currency exchange rates fluctuating<span class=\"_ _0\"></span> bet<span class=\"_ _a\"></span>weenthe time the price is fixed w<span class=\"_ _0\"></span>ith a custom<span class=\"_ _a\"></span>er, suppl<span class=\"_ _0\"></span>ier or<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> inst<span class=\"_ _6\"></span>itution and <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he time the <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction is set<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>led. This <span class=\"_ _4\"></span>ris<span class=\"_ _0\"></span>k, wi<span class=\"_ _0\"></span>th theexception of naturally covered posi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, is not covered since mos<span class=\"_ _0\"></span>t recei<span class=\"_ _0\"></span>vables and payables have a short settlement ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The pension<span class=\"_ _0\"></span> liabil<span class=\"_ _a\"></span>ities in Indonesi<span class=\"_ _0\"></span>a are import<span class=\"_ _6\"></span>ant<span class=\"_ _0\"></span> long<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>term liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _a\"></span>hat are full<span class=\"_ _0\"></span>y payable in IDR. A<span class=\"_ _0\"></span> devaluation or <span class=\"_ _0\"></span>revaluation of 10%of the IDR versus <span class=\"_ _0\"></span>the USD has the follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span> the income s<span class=\"_ _0\"></span>tatement<span class=\"_ _a\"></span>:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>IDR De<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Book value<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>IDR Re<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>liabilities in Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>18 363<span class=\"ws7\"> </span>20 199<span class=\"ws7\"> </span>22 443<span class=\"ws7\"> </span>Gross impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 836<span class=\"ws7\"> </span>-<span class=\"ws165\">2 244</span> The pensi<span class=\"_ _0\"></span>on liability in Indonesia consists of K<span class=\"_ _0\"></span>USD <span class=\"_ _0\"></span>19 801 from<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ly consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> subsidiaries and of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">398</span><span class=\"ws7\"> <span class=\"_ _9\"> </span></span>from equityconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed companies (PT T<span class=\"_ _0\"></span>imbang Deli).<span class=\"ws7\"> </span>The <span class=\"_ _9\"> </span>l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> <span class=\"_ _7\"> </span>receivables on the Indonesi<span class=\"_ _0\"></span>an plasma holders are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>portant long term asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> that are full<span class=\"_ _0\"></span>y payable in IDR. Adevaluation or reval<span class=\"_ _0\"></span>uat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of 10%<span class=\"ws7\"> </span>of the IDR versus <span class=\"_ _0\"></span>the USD has th<span class=\"_ _0\"></span>e f<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>owing effect on t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>IDR De<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Book value<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>IDR <span class=\"_ _6\"></span><span class=\"ls7 ws166\">R<span class=\"_ _0\"></span>ev 10%<span class=\"ws7\"> </span></span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _a\"></span><span class=\"ws7\"> </span>25 715<span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>31 430<span class=\"ws7\"> </span>Gross impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 572</span> 3 143<span class=\"ws7\"> </span>On February 14<span class=\"ls14f\">, 2<span class=\"_ _0\"></span>02</span>3 the board of<span class=\"_ _0\"></span> directors has proposed <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he pay<span class=\"_ _0\"></span>ment<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>of a divi<span class=\"_ _0\"></span>dend of<span class=\"_ _a\"></span> KEUR 31 738<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>(EUR 3.<span class=\"ls14d ws161\">00</span> <span class=\"_ _a\"></span>gross per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>yshare). In line w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> Group\u2019s liqu<span class=\"_ _0\"></span>id<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y an<span class=\"_ _0\"></span>d curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy poli<span class=\"_ _0\"></span>cy t<span class=\"_ _6\"></span>he exc<span class=\"_ _0\"></span>hange risk w<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> <span class=\"ws17c\">covered in </span>5<span class=\"_ _0\"></span> <span class=\"ws17c\">forward exchange con<span class=\"_ _0\"></span>tract</span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>esale of KUS<span class=\"_ _0\"></span>D 33 939<span class=\"ws7\"> <span class=\"ls152 ws1cc\">for<span class=\"_ _6\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"ls7 ws166\">31 600<span class=\"ws7\"> </span>(aver<span class=\"_ _a\"></span>age exchange ra<span class=\"_ _0\"></span>te of 1.<span class=\"ls14d ws161\">0740</span><span class=\"ws7\">) </span>before year<span class=\"ws7\">-end.<span class=\"_ _0\"></span>  </span></span></span></span>Sensitivity analy<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>is With regard to the cover of the divi<span class=\"_ _0\"></span>dend for<span class=\"_ _a\"></span> the end of the year a de<span class=\"_ _0\"></span>valuation or revaluation of 10% of the EUR versus the US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> h<span class=\"_ _0\"></span>asthe followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _a\"></span>fect on the pro<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d loss account: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR Dev 1<span class=\"_ _a\"></span>0%<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Closi<span class=\"_ _a\"></span>ng rat<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>EUR Rev 1<span class=\"_ _a\"></span>0%<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Divid<span class=\"_ _6\"></span>end<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>30 584<span class=\"ws7\"> </span>33 642<span class=\"ws7\"> </span>37 380<span class=\"ws7\"> </span>Gross Impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">3 058</span> 3 738<span class=\"ws7\"> </span>Translational risk<span class=\"ff9c ws7\"> </span>The SIPEF group i<span class=\"_ _0\"></span>s an international<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>pany and has op<span class=\"_ _0\"></span>erations which <span class=\"_ _0\"></span>do not<span class=\"_ _a\"></span> use<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> USD as their <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eporting currency.<span class=\"_ _0\"></span> When suc<span class=\"_ _0\"></span>hresults are consolidated i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>o the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span>\u2019s accounts the translated amount is expose<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>var<span class=\"_ _a\"></span>iations i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> value of such local resu<span class=\"_ _0\"></span>ltsare consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> into the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s accounts<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> translated amoun<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>exposed to variation<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span> value of such<span class=\"_ _0\"></span> local <span class=\"_ _0\"></span>currencies<span class=\"_ _0\"></span> againstthe USD. SIPEF group do<span class=\"_ _0\"></span>es not<span class=\"_ _a\"></span> hedge agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> such<span class=\"_ _0\"></span> risk (see accounting pol<span class=\"_ _0\"></span>icies)<span class=\"_ _a\"></span>.<span class=\"ws7\"> </span>As from 1st of January 2007 on<span class=\"_ _0\"></span>wards the functional<span class=\"_ _0\"></span> curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>most of ou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> activities is the same as<span class=\"_ _0\"></span> the presentation currency, thisrisk has been l<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>ly rest<span class=\"_ _a\"></span>ricted. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Interest r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e risk<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The <span class=\"ls14f ws170\">Group</span>\u2019<span class=\"_ _0\"></span>s exposure to cha<span class=\"_ _0\"></span>nges in interest <span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> relates to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ff9c ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span>\u2019s financial<span class=\"_ _0\"></span> debt obligations. At the<span class=\"_ _0\"></span> end of December<span class=\"_ _0\"></span> 2022, th<span class=\"_ _0\"></span>eGrou<span class=\"_ _0\"></span>p\u2019s net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) amounted to KUSD<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">122</span> <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>2021<span class=\"ls152 ws1d5\">: KUSD </span>-<span class=\"ws160\">49 192), of which KUSD <span class=\"_ _0\"></span>23 913</span> <span class=\"_ _0\"></span>shor<span class=\"_ _a\"></span>t term financialliab<span class=\"_ _6\"></span>iliti<span class=\"_ _a\"></span>es (<span class=\"_ _6\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"_ _0\"></span><span class=\"ls152 ws1cc\">:<span class=\"_ _6\"></span> KUSD <span class=\"_ _0\"></span><span class=\"ls7 ws166\">30 961) and KUSD <span class=\"_ _0\"></span>44 356<span class=\"ws7\"> <span class=\"ls14f ws170\">net </span>short-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> </span>cash and cash eq<span class=\"_ _0\"></span>uivalents (<span class=\"ls14d ws161\">202</span><span class=\"ws7\">1</span></span>: KUSD <span class=\"ls7 ws166\">19 977<span class=\"ls14f ws170\">). </span><span class=\"ws7\"> </span></span></span></span></span>The financi<span class=\"_ _0\"></span>al l<span class=\"_ _a\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es &gt; <span class=\"ws7\">1 year </span>(<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncl. derivatives) amount to KU<span class=\"_ _0\"></span>SD <span class=\"ws165\">20 320<span class=\"ws7\"> <span class=\"ls14e ws164\">(20</span>21<span class=\"ls152 ws1cc\">: KUSD </span></span></span>38 207<span class=\"ls14e ws164\">).<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> only the <span class=\"ls14e ws164\">S<span class=\"_ _0\"></span>hort</span><span class=\"ws7\">-</span>term<span class=\"_ _6\"></span> ob<span class=\"_ _0\"></span>ligations - <span class=\"_ _6\"></span>credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nstitut<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons <span class=\"_ _6\"></span>(KUSD 5 323, refer to note 19) are of<span class=\"_ _6\"></span> a cu<span class=\"_ _0\"></span>rrent <span class=\"_ _a\"></span>nature w<span class=\"_ _0\"></span>ith var<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ableinterest rates, we believe<span class=\"_ _0\"></span> a 0.<span class=\"_ _a\"></span>5% cha<span class=\"_ _0\"></span>nge in interest rate w<span class=\"_ _0\"></span>ill not have a material<span class=\"_ _0\"></span> impact.<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that the <span class=\"_ _0\"></span><span class=\"ws7\">long-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> </span>financial de<span class=\"_ _0\"></span>bt<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s primarily based<span class=\"_ _0\"></span> on a<span class=\"_ _0\"></span> variable interest ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e, <span class=\"_ _0\"></span>the risk exists<span class=\"_ _0\"></span> that with<span class=\"_ _0\"></span> an inc<span class=\"_ _0\"></span>rease of theinterest rate,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financing cost wi<span class=\"_ _0\"></span>ll increase. This i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest risk is<span class=\"_ _0\"></span> he<span class=\"_ _0\"></span>dged <span class=\"ws7\">usi<span class=\"_ _0\"></span>ng </span>an interest rate<span class=\"_ _0\"></span> swap (IRS). The<span class=\"_ _0\"></span> goal of this i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erestrate swap is to<span class=\"_ _0\"></span> decr<span class=\"_ _a\"></span>ease the<span class=\"_ _0\"></span> volatility (and with it the<span class=\"_ _0\"></span> interest rat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>isk) as much<span class=\"_ _0\"></span> as possible <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Avail<span class=\"_ _0\"></span><span class=\"ws165\">ab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e f<span class=\"_ _a\"></span>unds are invested in short ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> deposits.<span class=\"_ _0\"></span><span class=\"ws7\">  </span></span>Cr<span class=\"_ _0\"></span>edit ri<span class=\"_ _0\"></span>sk<span class=\"ls7 ws7\"> </span>Credit risk is the risk that one party will<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>l to discharge an obligatio<span class=\"_ _6\"></span>n an<span class=\"_ _0\"></span>d cause t<span class=\"_ _a\"></span>he other party to incur a loss. Thi<span class=\"_ _0\"></span>s credit risk can besplit into a comme<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>cial<span class=\"_ _0\"></span> and a f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al credit risk. With <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>egard <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the commercial credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>risk management has es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablished a creditpolicy an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he exposure to this credi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ri<span class=\"_ _0\"></span>sk is monitored on a <span class=\"_ _0\"></span><span class=\"ws7\">continuous basis.  </span>In pract<span class=\"_ _a\"></span>ice a<span class=\"_ _0\"></span> differ<span class=\"_ _a\"></span>ence is <span class=\"_ _0\"></span>made between:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables from the sale of pal<span class=\"_ _0\"></span>m oil/rubber/tea<span class=\"ws7\"> </span>42 891<span class=\"ws7\"> </span>30 609<span class=\"ws7\"> </span>Receivables from the sale of <span class=\"ws166\">banana<span class=\"_ _0\"></span>s and plants<span class=\"ws7\"> </span></span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>The credit risk for the first category is ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her limited as these sales <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e for the most part i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mediately pai<span class=\"_ _0\"></span>d against presen<span class=\"_ _0\"></span>tation odocuments. Moreover,<span class=\"_ _0\"></span> it concer<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> a relativel<span class=\"_ _0\"></span>y sm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>l number o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span><span class=\"ls14f ws170\">first<span class=\"_ _0\"></span></span>-class <span class=\"_ _6\"></span>buyers: per produc<span class=\"_ _0\"></span>t about 90%<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ws189\">revenue fr</span>om contractswith customers is realized w<span class=\"_ _0\"></span>ith a maximum of 10 clients. For pa<span class=\"_ _0\"></span>lm oil there is on<span class=\"_ _0\"></span>e clients who represent<span class=\"ws7\">s </span>over 30% o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total sales.F<span class=\"ws168\">or rubber there <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span></span> <span class=\"_ _0\"></span><span class=\"ls14f ws170\">tw<span class=\"_ _0\"></span>o</span> <span class=\"_ _4\"></span>cl<span class=\"_ _0\"></span>ients <span class=\"_ _0\"></span><span class=\"ws168\">w<span class=\"_ _0\"></span>hich represent over <span class=\"ls14d ws161\">30</span>% of total revenues<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span>Contrary t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> category<span class=\"_ _0\"></span> the credit risk for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hereceivables from the sal<span class=\"_ _0\"></span>es of<span class=\"_ _a\"></span> bananas and <span class=\"_ _0\"></span><span class=\"ws7\">horticulture </span>is higher<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>For both categories <span class=\"_ _0\"></span>there is a<span class=\"_ _0\"></span> weekly moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>oring<span class=\"_ _0\"></span> of the open<span class=\"_ _0\"></span> balances due an<span class=\"_ _0\"></span>d a p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oactive sys<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>em of<span class=\"_ _0\"></span> rem<span class=\"_ _a\"></span>inders.<span class=\"_ _4\"></span> <span class=\"_ _0\"></span><span class=\"ls14e ws164\">Impa<span class=\"_ _0\"></span>irments<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>areappli<span class=\"_ _0\"></span>ed as soon as tot<span class=\"_ _a\"></span>al or partial p<span class=\"_ _0\"></span>ayments ar<span class=\"_ _a\"></span>e seen<span class=\"_ _0\"></span> as unlikely. The el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s that are taken into account<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> these appraisals arethe lengths of the delay <span class=\"_ _0\"></span>in payment and the<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>editworthiness of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The receivabl<span class=\"_ _0\"></span>es f<span class=\"_ _a\"></span>rom the sales of banana<span class=\"_ _0\"></span>s and <span class=\"ws7\">horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure <span class=\"ws166\">have <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> due <span class=\"ws165\">date schedule: </span></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Not yet due<span class=\"_ _0\"></span><span class=\"ws7\"> </span>852<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">941</span> Due &lt; 30 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>823<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">523</span> Due between 30<span class=\"_ _0\"></span> and 60 days<span class=\"ws7\"> </span>49<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">180</span> Due between 60<span class=\"_ _0\"></span> and 90 days<span class=\"ws7\"> </span>0  0 Due &gt; 90 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>28<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">29</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>During <span class=\"ls14d ws161\">202</span>2 <span class=\"ls14d ws161\">and 202</span>1<span class=\"ls14f\">, no</span> <span class=\"ls14e ws164\">mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l</span> <span class=\"ls14e ws164\">impa<span class=\"_ _0\"></span>irment</span> <span class=\"ws165\">on receivabl<span class=\"_ _0\"></span>es was recorded</span> <span class=\"ws165\">in the income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\">. </span></span>The Group applied<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS 9 simplified approach to measuring expected cr<span class=\"_ _a\"></span>edit losses w<span class=\"_ _0\"></span>hich uses a lifetime expected loss allo<span class=\"_ _0\"></span>wancefor all trade receivables based<span class=\"_ _0\"></span> on historical losses. The Group analys<span class=\"_ _0\"></span>ed the impact of I<span class=\"_ _a\"></span>FRS<span class=\"_ _0\"></span> 9 and concluded there is no materialimpact on the bad<span class=\"_ _0\"></span> debt reserve<span class=\"_ _0\"></span> booked. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup also asse<span class=\"_ _0\"></span>ssed whether the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oric pat<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ern<span class=\"_ _0\"></span> would chang<span class=\"_ _0\"></span>e m<span class=\"_ _a\"></span>aterially i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>u<span class=\"_ _4\"></span>tu<span class=\"_ _0\"></span>reand expects no signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant impact. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Liquid<span class=\"_ _a\"></span>ity risk<span class=\"_ _0\"></span> A material and structural shortage in our cash flow wou<span class=\"_ _0\"></span>ld damage bo<span class=\"_ _a\"></span>th our creditworthiness as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he trust of<span class=\"_ _a\"></span> investors <span class=\"_ _0\"></span>and wouldrestrict the capacity of the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>to attract fresh cap<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>al. The operational<span class=\"_ _0\"></span> cash flow provides the means to finance<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>financi<span class=\"_ _0\"></span>aobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons and to increase shareholder value. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>manages the liqu<span class=\"_ _0\"></span>idity risk by evaluating the short term and l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> cashflo<span class=\"_ _0\"></span>ws. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>IPEF<span class=\"_ _0\"></span><span class=\"ls7\"> <span class=\"ws166\">gr<span class=\"_ _a\"></span>oup maintains an acce<span class=\"_ _0\"></span>ss t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the capital <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arket t<span class=\"_ _0\"></span>hr<span class=\"_ _a\"></span>ough <span class=\"_ _0\"></span><span class=\"ws7\">shor<span class=\"_ _a\"></span>t- <span class=\"ws165\">and long</span>-<span class=\"ls14f ws170\">te<span class=\"_ _0\"></span>rm</span> <span class=\"ws166\">debt programs<span class=\"_ _0\"></span>.</span> </span></span></span>Th<span class=\"ls7 ws165\">e following table gives the contractually deter<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ned (not<span class=\"ws7\">-<span class=\"ws166\">discounted) cash flow<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>esulting fro<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> liabi<span class=\"_ _0\"></span>lities at balance sheet date:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 771</span> - <span class=\"ls14d ws161\">475</span> -<span class=\"ws166\">18 296</span>  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ws7\"> </span>-<span class=\"ws165\">3 817</span> - <span class=\"ls14d ws161\">50</span> - <span class=\"ls14d ws161\">639</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>-<span class=\"ws166\">29 863</span> -<span class=\"ws166\">29 863</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>-<span class=\"ws165\">5 698</span> -<span class=\"ws165\">5 698</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 296</span> -<span class=\"ws166\">18 296</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>-<span class=\"ws165\">5 396</span> -<span class=\"ws165\">5 396</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> - <span class=\"ls14d ws161\">628</span> - <span class=\"ls14d ws161\">628</span> Derivatives  0  0  0  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>79 794<span class=\"ws7\"> </span>-<span class=\"ws166\">82 468</span> -<span class=\"ws166\">60 405</span> -<span class=\"ws166\">18 935</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>-<span class=\"ws166\">37 239</span> - <span class=\"ls14d ws161\">618</span> -<span class=\"ws166\">18 510</span> -<span class=\"ws166\">18 111</span>  0  0 Leasing <span class=\"ws165\">li<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies &gt; 1 year<span class=\"ws7\"> </span></span>2 207<span class=\"ws7\"> </span>-<span class=\"ws165\">4 250</span> - <span class=\"ls14d ws161\">177</span> - <span class=\"ls14d ws161\">489</span> - <span class=\"ls14d ws161\">464</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\"> </span>-<span class=\"ws165\">4 830</span>  0 -<span class=\"ws165\">4 830</span>  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>-<span class=\"ws166\">23 605</span> -<span class=\"ws166\">23 605</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>-<span class=\"ws166\">11 934</span> -<span class=\"ws166\">11 934</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 471</span> -<span class=\"ws166\">18 471</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>-<span class=\"ws166\">12 597</span> -<span class=\"ws166\">12 597</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> - <span class=\"ls14d ws161\">523</span> - <span class=\"ls14d ws161\">523</span> Derivatives 2 066<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> -<span class=\"ws165\">2 066</span>  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>111 604<span class=\"ws7\"> </span>-<span class=\"ws165\">115 516</span> -<span class=\"ws166\">69 992</span> -<span class=\"ws166\">23 829</span> -<span class=\"ws166\">18 575</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> In order<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> limit <span class=\"_ _0\"></span>the financial<span class=\"_ _0\"></span> credit risk SIPEF has<span class=\"_ _0\"></span> spread i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s more<span class=\"_ _0\"></span> important activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es over<span class=\"_ _0\"></span> a small nu<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber of<span class=\"_ _0\"></span> banking gro<span class=\"_ _0\"></span>ups<span class=\"_ _0\"></span> with afirs<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-class <span class=\"ws166\">rating for creditworthiness.</span> <span class=\"ws166\">The cur<span class=\"_ _0\"></span>rent<span class=\"_ _a\"></span> maxi<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>um credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ines available amount to KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws7\">1</span>59 292<span class=\"ws7\"> (<span class=\"_ _a\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"ls152 ws1cc\">: KUSD </span>1<span class=\"ws166\">78 686<span class=\"ls14e ws164\">).</span></span> </span></span></span></span></span>In 2022, same as<span class=\"_ _0\"></span> in previous years<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> there were no<span class=\"_ _0\"></span> infringements on t<span class=\"_ _0\"></span>he conditions stated in <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> agr<span class=\"_ _a\"></span>eements nor<span class=\"_ _0\"></span> were there anyshortcomings in repayments. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fina<span class=\"_ _0\"></span>ncial <span class=\"_ _0\"></span>instr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue in th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement <span class=\"_ _0\"></span>of fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Companies w<span class=\"_ _0\"></span>ithin the <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span> <span class=\"_ _9\"> </span>may use <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments for risk management<span class=\"_ _0\"></span> purposes. Specifical<span class=\"_ _0\"></span>ly, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>se are instrumentsprincipally i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>ded to m<span class=\"_ _a\"></span>anage the risks associated with fluctuating inter<span class=\"_ _a\"></span>est and exchange rates. The counterpart<span class=\"_ _a\"></span>ies i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>atedtransactions are exclusivel<span class=\"_ _0\"></span>y f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>rst<span class=\"_ _a\"></span><span class=\"ws7\">-<span class=\"ws166\">ranked banks<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span> </span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments are <span class=\"_ _0\"></span>measur<span class=\"_ _a\"></span>ed at fair val<span class=\"_ _0\"></span>ue at initial<span class=\"_ _0\"></span> recognitio<span class=\"_ _a\"></span>n<span class=\"ls14f ws170\">. </span><span class=\"ws7\">T</span>he changes in fair val<span class=\"_ _0\"></span>ue are reported in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ncome st<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ementunless these instruments are par<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of hedg<span class=\"_ _0\"></span>ing tr<span class=\"_ _a\"></span>ansactions.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>Fair value<span class=\"_ _0\"></span>s of<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivat<span class=\"ws165\">ives are:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>est ra<span class=\"_ _0\"></span>te swaps<span class=\"ws7\"> </span>1 350<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">797</span> Forward exchange transactions<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">289</span> -<span class=\"ws165\">1 269</span> Fair value (+ = asset;<span class=\"_ _0\"></span> <span class=\"ws7\">- <span class=\"ls14f\">= l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity)<span class=\"_ _0\"></span></span> </span>1 639<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> In accordance w<span class=\"_ _0\"></span>ith IFRS 13 fina<span class=\"_ _0\"></span>ncial instruments are<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>ouped<span class=\"_ _0\"></span> into 3 l<span class=\"_ _0\"></span>evels based on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>degree to<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s observable:\u2022 <span class=\"_ _115\"> </span>Level 1 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are quoted<span class=\"_ _0\"></span> prices (unadjusted) i<span class=\"_ _0\"></span>n active markets fo<span class=\"_ _0\"></span>r identical<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s or liabi<span class=\"_ _0\"></span>lities that the entity can acce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>hemeasurement date;<span class=\"ws7\"> </span>\u2022 <span class=\"_ _115\"> </span>Level 2 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>nputs ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r than quoted<span class=\"_ _0\"></span> prices includ<span class=\"_ _0\"></span>ed within <span class=\"_ _0\"></span>lev<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span> 1 t<span class=\"_ _a\"></span>hat are<span class=\"_ _0\"></span> observable for <span class=\"_ _0\"></span>the asset or l<span class=\"_ _0\"></span>iability either directlyor indirectly;<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Level 3 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are unobservable i<span class=\"_ _0\"></span>nput<span class=\"_ _a\"></span>s for the asse<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or l<span class=\"_ _0\"></span>iability.<span class=\"ws7\"> </span></span></span>The IRS has a<span class=\"_ _0\"></span> notional amount<span class=\"_ _0\"></span> of KUSD<span class=\"_ _0\"></span> 36 000. The<span class=\"_ _0\"></span> carr<span class=\"_ _a\"></span>ying amou<span class=\"_ _0\"></span>nt is recorded on<span class=\"_ _0\"></span> the derivat<span class=\"_ _0\"></span><span class=\"ws165\">ives (<span class=\"ws7\">assets</span></span>) <span class=\"_ _0\"></span>for an amoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f KUSD1 350, the deferred <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> for an amount of KU<span class=\"_ _0\"></span>SD <span class=\"ws7\">-</span>338 and the <span class=\"_ _0\"></span>other compr<span class=\"_ _6\"></span>eh<span class=\"_ _0\"></span>ensive income in the equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y <span class=\"_ _0\"></span>for an amount of KU<span class=\"_ _0\"></span>SD1 012. <span class=\"ws7\"> </span>The notional<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount from the forward exchange t<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansactions amo<span class=\"_ _0\"></span>unts t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>KUSD <span class=\"_ _0\"></span>39 063<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span>T<span class=\"_ _0\"></span>he f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ward exchange contracts are no<span class=\"_ _0\"></span>documented in a<span class=\"_ _0\"></span> hedging <span class=\"_ _0\"></span>relationship and accordi<span class=\"_ _0\"></span>ngly, all changes<span class=\"_ _0\"></span> in fai<span class=\"_ _0\"></span>r value are<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecorded<span class=\"_ _0\"></span> in the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al result. The <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>o<span class=\"_ _4\"></span>up<span class=\"_ _0\"></span> hasdocumented the interest<span class=\"_ _a\"></span> rate swap<span class=\"_ _0\"></span>s (<span class=\"_ _6\"></span>IRS<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> in a hedg<span class=\"_ _0\"></span>ing relationship. The terms of the IRS and the hedged debt match 100%. T<span class=\"_ _0\"></span>heref<span class=\"_ _6\"></span>oreno effectiveness test<span class=\"_ _a\"></span> based on a ratio of changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the hedging instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ag<span class=\"_ _0\"></span>ainst t<span class=\"_ _a\"></span>hat of the hedged debt is <span class=\"_ _4\"></span>requiredAn IRS w<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>h matching contractual terms w<span class=\"_ _0\"></span>ould have li<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ed inefficiency. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The fair value of<span class=\"_ _0\"></span> the forward exchan<span class=\"_ _0\"></span>ge contracts and interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ate s<span class=\"_ _0\"></span>wap calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed at the cl<span class=\"_ _0\"></span>osing value on the<span class=\"_ _0\"></span> 31st of D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>b<span class=\"_ _0\"></span>er 2022were also i<span class=\"_ _0\"></span>ncor<span class=\"_ _a\"></span>porated in level<span class=\"_ _0\"></span> 2.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>F<span class=\"ls154 ws180\">ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> per ca<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ory<span class=\"_ _0\"></span></span> The follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>table presents <span class=\"ws166\">the financi<span class=\"_ _0\"></span>al instruments per<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y <span class=\"_ _0\"></span>as per<span class=\"_ _a\"></span> end 20<span class=\"_ _0\"></span><span class=\"ws7\">22 </span>and end 20<span class=\"ws7\">21:<span class=\"_ _0\"></span> </span></span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value202<span class=\"ls7 ws7\">2 - <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span><span class=\"ls7 ws7\">i<span class=\"_ _0\"></span>nvestments </span> <span class=\"ls14d ws161\">98</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">98</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>28 287<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>28 385<span class=\"ws7\"> </span>28 385<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>44 643<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>Level 2Othe<span class=\"_ _0\"></span>r <span class=\"ls7 ws7\">receivables </span>47 728<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>47 728<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span>10 208<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>10 208<span class=\"ws7\"> </span>Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>34 148<span class=\"ws7\"> </span>Level 2Derivatives  <span class=\"ls14d ws161\">289</span> FVTPL<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">289</span> Level 2Derivatives 1 350<span class=\"ws7\"> </span>Hedgi<span class=\"_ _0\"></span>ng<span class=\"_ _6\"></span> 1 350<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls7 ws166\">current <span class=\"_ _0\"></span>fi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>anci<span class=\"_ _a\"></span>al asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>138 366<span class=\"ws7\"> </span>138 366<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0 AC<span class=\"ls7 ws7\"> </span>0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 <span class=\"ws7\">year </span>0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>20 320<span class=\"ls7 ws7\"> </span>20 320<span class=\"ls7 ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>29 863<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 437<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>14 437<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 698<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 yea<span class=\"_ _0\"></span>r<span class=\"ws7\"> </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 323<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">590</span> Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">92</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">92</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>25 666<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>25 666<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>25 758<span class=\"ws7\"> </span>25 758<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>32 282<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>49 878<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>49 878<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents  0 Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">38</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">38</span> Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>19 939<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>19 939<span class=\"ws7\"> </span>Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>36 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 207<span class=\"ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\">  </span>4 830<span class=\"ws7\">  </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls160 ws1b2\">non<span class=\"ls7 ws7\">-<span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span></span> </span></span>43 037<span class=\"ws7\"> </span>43 037<span class=\"ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>23 605<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11 519<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 519<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 934<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 <span class=\"_ _0\"></span><span class=\"ws7\">year </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>12 477<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">484</span> Level 2Derivatives 1 269<span class=\"ws7\"> </span>FVTPL<span class=\"ls7 ws7\"> </span>1 269<span class=\"ws7\"> </span>Level 2Hedge Derivatives  <span class=\"ls14d ws161\">797</span> accounting  <span class=\"ls14d ws161\">797</span> Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>27.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">Leas<span class=\"_ _0\"></span>ing</span> The Group leases office space<span class=\"_ _0\"></span>, land rights and vehicles un<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span> a nu<span class=\"_ _0\"></span>mber of lease agreements with a<span class=\"_ _0\"></span> lease term of one year o<span class=\"_ _0\"></span>r mo<span class=\"_ _0\"></span>re.The rent of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fice bui<span class=\"_ _0\"></span>ldings concerns the<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>onthly<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ental paym<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span>s for <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fices in <span class=\"_ _0\"></span>Indonesia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>and Sing<span class=\"_ _0\"></span>apore. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e rent o<span class=\"_ _0\"></span>f theoffices and ancill<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y parking space in Belg<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> <span class=\"ws15f\">has not been included in the leases due to the short</span>-term exempt<span class=\"_ _a\"></span>ion. For <span class=\"_ _0\"></span>the land rightsthe subject of the lea<span class=\"_ _0\"></span>se concerns t<span class=\"_ _a\"></span>he usu<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ruct of certain l<span class=\"_ _0\"></span>and wherefore a fixed annual rental amount i<span class=\"_ _0\"></span>s paid. The remaining l<span class=\"_ _0\"></span>andrights in PNG have a duration of 99 years for<span class=\"_ _a\"></span> whi<span class=\"_ _0\"></span>ch no r<span class=\"_ _a\"></span>ental amount<span class=\"_ _a\"></span> is pai<span class=\"_ _0\"></span>d.<span class=\"_ _a\"></span> These assets will be depreciated over a period <span class=\"_ _0\"></span>of 25years in<span class=\"ws7\"> </span>line<span class=\"_ _0\"></span> with the lifespan of an oil pal<span class=\"_ _0\"></span>m.<span class=\"_ _6\"></span> The<span class=\"_ _0\"></span> vehicles concern the l<span class=\"_ _0\"></span>imited number of<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> leases w<span class=\"_ _0\"></span>ithin the <span class=\"ws7\">G<span class=\"_ _0\"></span>roup. </span>The future operating lea<span class=\"_ _0\"></span>se comm<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ments under <span class=\"_ _0\"></span>these non<span class=\"ws7\">-<span class=\"ws165\">cancell<span class=\"_ _0\"></span>able leases are due as follow<span class=\"_ _0\"></span>s:</span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Current lease <span class=\"ls151 ws172\">liabil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span></span> <span class=\"ls14d ws161\">590</span>  <span class=\"ls14d ws161\">484</span> Non-<span class=\"ws166\">current lease li<span class=\"_ _0\"></span>abilities</span> 2 320<span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>Total lease liability as at<span class=\"_ _0\"></span> 31 December<span class=\"ws7\"> </span>2 910<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>The movement during <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the lease li<span class=\"_ _0\"></span>ability can be summ<span class=\"_ _a\"></span>ari<span class=\"_ _0\"></span>sed as follows:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Lease commitments disclosed as at<span class=\"_ _0\"></span> 1 January<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>2 828<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  <span class=\"ls14d ws161\">822</span>  <span class=\"ls14d ws161\">246</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l costs/(income)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">219</span>  <span class=\"ls14d ws161\">220</span> Lease repayments<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">804</span> - <span class=\"ls14d ws161\">604</span> Exchange result<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">17</span>  1 Lease liability recognised as at 31 D<span class=\"_ _0\"></span>ecember<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 910<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>com<span class=\"_ _a\"></span>mitments ar<span class=\"_ _a\"></span>e incl<span class=\"_ _0\"></span>uded in the increase in long t<span class=\"_ _a\"></span>erm (KUSD 755) and short term (KUSD<span class=\"_ _0\"></span> 67) f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial borrowings in t<span class=\"_ _0\"></span>hecash flow. The l<span class=\"_ _0\"></span>ease repayment<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>ncluded in the decrease in <span class=\"_ _4\"></span>long term (KUSD <span class=\"_ _0\"></span>-<span class=\"_ _a\"></span> <span class=\"_ _4\"></span>642) <span class=\"_ _4\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>short ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> <span class=\"ls152 ws179\">(KUSD <span class=\"_ _4\"></span></span>-162) <span class=\"_ _4\"></span>financi<span class=\"_ _0\"></span>alborrowings  <span class=\"ws166\">in the cash <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span><span class=\"ws7\">.<span class=\"_ _a\"></span> </span></span>The right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets can be<span class=\"_ _0\"></span> classified as foll<span class=\"_ _0\"></span>ows:<span class=\"ws7\"> </span>Movem<span class=\"_ _6\"></span>ent (i<span class=\"_ _6\"></span>n KUSD)<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _6\"></span> right<span class=\"ls7 ws7\">-<span class=\"ls160 ws1b2\">of</span>-<span class=\"ws166\">use assets as at 1<span class=\"_ _0\"></span> January</span> </span>2 <span class=\"ls14d ws161\">587</span> 2 757<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion<span class=\"_ _a\"></span> 822<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">246</span> Depreciation -<span class=\"ls14d ws161\">624</span> - <span class=\"ls14d ws161\">417</span> Total<span class=\"_ _6\"></span> right<span class=\"ls7 ws7\">-<span class=\"ls160 ws1b2\">of</span>-<span class=\"_ _a\"></span><span class=\"ws166\">use assets as<span class=\"_ _0\"></span> at 31 December<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>2 785<span class=\"ws7\"> </span>2 587<span class=\"ws7\"> </span>Land ri<span class=\"_ _6\"></span>ghts<span class=\"ls7 ws7\"> </span>Off<span class=\"_ _0\"></span>ice ren<span class=\"_ _0\"></span>t<span class=\"ls7\"> </span>Car rent<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>Total right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets as<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> 31<span class=\"_ _0\"></span> December 2021<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">893</span> 1 281<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">413</span> 2 587<span class=\"ws7\"> </span>Total right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets as<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> 31<span class=\"_ _0\"></span> December 2022<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">833</span> 1 693<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">259</span> 2 785<span class=\"ws7\"> </span>The total depreciation of the right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets until 31 D<span class=\"_ _0\"></span>ecember <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>am<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>s to KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">624</span> <span class=\"_ _a\"></span>and the financial costs <span class=\"ls14f ws170\">to <span class=\"ls161 ws1b4\">KU<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>219.Of the depreciation, KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">60</span> was recor<span class=\"_ _a\"></span>ded in the c<span class=\"ws166\">ost of sales of<span class=\"_ _0\"></span> the palm segment of Papua New Guine<span class=\"_ _0\"></span>a and <span class=\"ls152 ws179\">KUSD</span></span> <span class=\"ls14d ws161\">564</span> K<span class=\"_ _6\"></span>USD inthe \"<span class=\"ws7\">g</span>eneral<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses\".<span class=\"_ _a\"></span> There are no ma<span class=\"_ _0\"></span>ter<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span> expenses related to short term and low val<span class=\"_ _0\"></span>ue leases. There are nomaterial extension options not incl<span class=\"_ _0\"></span>uded in the calculati<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>28.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">RIG<span class=\"_ _a\"></span>HTS AND COMMIT<span class=\"_ _a\"></span>MENT<span class=\"_ _6\"></span>S NOT REFL<span class=\"_ _6\"></span>ECTED IN THE<span class=\"_ _6\"></span> BALANCE SHE<span class=\"_ _6\"></span>ET<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Guarant<span class=\"_ _0\"></span>ees<span class=\"ls7 ws7\"> </span>No guarantees have been issue<span class=\"_ _0\"></span>d by third parties as secu<span class=\"_ _0\"></span>rity for the <span class=\"_ _0\"></span>company\u2019s account and one guarantee has been<span class=\"_ _0\"></span> issued to a <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>rdparty f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acco<span class=\"_ _0\"></span>unt<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> sub<span class=\"_ _0\"></span>sidiaries during <span class=\"_ _0\"></span><span class=\"ls14d ws161\">2022</span>.<span class=\"_ _a\"></span> A corporate guara<span class=\"_ _0\"></span>ntee has been given <span class=\"_ _0\"></span>as <span class=\"_ _a\"></span>part of the sha<span class=\"_ _0\"></span>re purchase agreement o<span class=\"_ _0\"></span>Verdant B<span class=\"_ _0\"></span>ioscience Pte. <span class=\"ls15a ws1a5\">Ltd</span>. <span class=\"ws166\">for a total amount of KUSD<span class=\"_ _0\"></span> <span class=\"ws165\">3 08</span></span>2 to cover t<span class=\"_ _6\"></span>he ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>standi<span class=\"_ _0\"></span>ng liability that Verdant Bioscience Pte. Ltd. hasto its previous shareholder Si<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e Darby <span class=\"ws7\">B<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>had.<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ws166\">T<span class=\"_ _0\"></span>his liability is due <span class=\"_ _0\"></span>in May 2023.<span class=\"ws7\"> </span></span></span>In connection to the sa<span class=\"_ _0\"></span>me share purchase agreement, Verdant<span class=\"_ _0\"></span> Bioscience Pte. Ltd. has <span class=\"_ _0\"></span>received a bank guarantee <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or a to<span class=\"_ _0\"></span>tal am<span class=\"_ _0\"></span>ountof KUSD 593 f<span class=\"_ _6\"></span>rom the new sharehol<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>er PT D<span class=\"_ _0\"></span>harm<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>Satya Nusa<span class=\"_ _6\"></span>ntara whi<span class=\"_ _0\"></span>ch <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l be used <span class=\"_ _0\"></span>to provide <span class=\"_ _a\"></span>a loan to Verdant Bioscience PteLtd. <span class=\"ws166\">to repay part (10/52)<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> the above<span class=\"_ _0\"></span> outstanding liab<span class=\"_ _0\"></span>ilit<span class=\"_ _a\"></span>y.<span class=\"ws7\"> </span></span>Si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt liti<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Nihi<span class=\"_ _6\"></span>l<span class=\"ls7 ws7\"> </span>Forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sales<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The commitments for the deli<span class=\"_ _0\"></span>ver<span class=\"_ _a\"></span>y of goods (palm p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oducts, rubber, tea<span class=\"_ _0\"></span><span class=\"ls14f ws170\">, <span class=\"_ _0\"></span></span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure) after the year end<span class=\"_ _0\"></span> fall withi<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>henormal deli<span class=\"_ _0\"></span>ver<span class=\"_ _a\"></span>y period of about 3<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hs<span class=\"_ _0\"></span> from date of sale.<span class=\"_ _0\"></span> Those sal<span class=\"_ _0\"></span>es are not considered as forward sales. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>29.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">REL<span class=\"_ _6\"></span>ATED PARTY T<span class=\"_ _6\"></span>RANS<span class=\"_ _0\"></span>ACT<span class=\"_ _6\"></span>IONS<span class=\"ls7 ws7\"> </span></span>Tr<span class=\"_ _0\"></span>ansactions with <span class=\"_ _0\"></span>director<span class=\"_ _0\"></span>s and member<span class=\"_ _0\"></span>s of the exe<span class=\"_ _0\"></span>cutive com<span class=\"_ _0\"></span>mittee<span class=\"_ _4\"></span><span class=\"ls7 ws7\"> </span>Key management personnel are defined as the di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s management committee. The table bel<span class=\"_ _0\"></span>ow shows anoverview of total remuneration recei<span class=\"_ _0\"></span>ved:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Directors' fees<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">465</span>  <span class=\"ls14d ws161\">423</span> Fixed fees<span class=\"ws7\"> </span>2 429<span class=\"ws7\"> </span>2 213<span class=\"ws7\"> </span>Variabl<span class=\"_ _0\"></span>e f<span class=\"_ _6\"></span>ees<span class=\"ws7\"> </span>1 534<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">321</span> Post-<span class=\"ws166\">employment benefits</span>  <span class=\"ls14d ws161\">406</span>  <span class=\"ls14d ws161\">465</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">171</span>  <span class=\"ls14d ws161\">126</span> Market value vested stock<span class=\"_ _0\"></span> opt<span class=\"_ _a\"></span>ion (on ves<span class=\"_ _0\"></span>ting date)<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">88</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>5 200<span class=\"ws7\"> </span>3 637<span class=\"ws7\"> </span>The amounts are paid in <span class=\"_ _0\"></span>EUR. The amount paid in <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amount<span class=\"_ _a\"></span>s to<span class=\"_ _0\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>4 957 (<span class=\"ls14d ws161\">202</span>1:<span class=\"_ _a\"></span> KEUR 3 084)<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>ease <span class=\"ls152 ws1cc\">of KEUR </span>1 874is <span class=\"ws166\">mainly a con<span class=\"_ _0\"></span>sequence of <span class=\"ls14f ws170\">the</span></span> higher <span class=\"ws165\">variable fee pai<span class=\"_ _0\"></span>d in <span class=\"ls14d ws161\">202</span></span>2 <span class=\"ws166\">compared to <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span></span>1<span class=\"ls14f ws170\">. </span> Starting from the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year 2007 fixed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span>s shall be<span class=\"_ _0\"></span> paid to <span class=\"_ _0\"></span>the members of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> di<span class=\"_ _0\"></span>rectors, the audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> co<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mittee <span class=\"_ _4\"></span>and theremuneration committee.<span class=\"ws7\"> </span>Related party transactions are consi<span class=\"_ _0\"></span>dered immaterial, except for t<span class=\"_ _0\"></span>he rental agreement since 1985 be<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>een Cabra NV and S<span class=\"_ _0\"></span>IPEFcovering the o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>fices <span class=\"_ _0\"></span>and ancil<span class=\"_ _0\"></span>lary parking space at C<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span>le Cal<span class=\"_ _0\"></span>esberg in Schoten. The<span class=\"_ _0\"></span> annual rent, adj<span class=\"_ _0\"></span>usted f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r inflation, amo<span class=\"_ _4\"></span>un<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>oKUS<span class=\"_ _6\"></span>D <span class=\"_ _0\"></span><span class=\"ls14d ws161\">194<span class=\"ls7 ws7\"> (</span>202<span class=\"ls7 ws7\">1 </span></span>KUSD <span class=\"ls14d ws161\">208<span class=\"ls7 ws17c\">) and KUSD </span>81<span class=\"ls7 ws7\"> <span class=\"_ _0\"></span>(</span>202<span class=\"ls7 ws7\">1 </span></span>K<span class=\"_ _a\"></span>USD 84<span class=\"_ _0\"></span>) is invoiced for SI<span class=\"_ _a\"></span>PEF\u2019<span class=\"_ _0\"></span>s share of<span class=\"_ _a\"></span> maintenance of the buildi<span class=\"_ _0\"></span>ngs, par<span class=\"_ _a\"></span>kingspace and park area. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF'<span class=\"_ _0\"></span>s r<span class=\"_ _6\"></span>elations with board members and management comm<span class=\"_ _a\"></span>ittee members are covered in detail<span class=\"_ _0\"></span> in the \u201cCorporate Governancestatem<span class=\"_ _a\"></span>ent\u201d section.<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>Other rel<span class=\"_ _0\"></span>ated par<span class=\"_ _0\"></span>ty t<span class=\"_ _a\"></span>ra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Transactions wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed companies are mainl<span class=\"_ _0\"></span>y trade transactions a<span class=\"_ _0\"></span>nd are priced at arms\u2019 length<span class=\"_ _0\"></span>. The revenue and exp<span class=\"_ _0\"></span>enses rel<span class=\"_ _0\"></span>atedto these transactions are i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ate<span class=\"_ _0\"></span>rial to the consol<span class=\"_ _0\"></span>idated financial stat<span class=\"_ _a\"></span>ements as a w<span class=\"_ _0\"></span>hole. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Tr<span class=\"_ _0\"></span>ansacti<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>ith gr<span class=\"_ _0\"></span>oup com<span class=\"_ _0\"></span>panie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Balances an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>ransactions be<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span>Gr<span class=\"_ _a\"></span>oup <span class=\"_ _a\"></span>and<span class=\"_ _0\"></span> its subsidiaries whi<span class=\"_ _0\"></span>ch are r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ated parties o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup have been<span class=\"_ _0\"></span> eliminated in theconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion and are not discl<span class=\"_ _0\"></span>osed in this note. Details of t<span class=\"_ _0\"></span>ransactions between the <span class=\"_ _0\"></span><span class=\"ws7\">Group <span class=\"_ _0\"></span></span>and other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>elated pa<span class=\"_ _0\"></span>rt<span class=\"_ _a\"></span>ies <span class=\"_ _0\"></span><span class=\"ls156 ws1ba\">are<span class=\"_ _0\"></span> d</span>iscl<span class=\"_ _0\"></span>osedbelow<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>  The follow<span class=\"_ _0\"></span>ing table represents the<span class=\"_ _0\"></span> total o<span class=\"_ _0\"></span>f the transactions <span class=\"_ _0\"></span>that hav<span class=\"_ _0\"></span>e occurr<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> during the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year between the<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span></span>and t<span class=\"_ _a\"></span>hejoint venture PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>bang Del<span class=\"_ _0\"></span>i and Verdant Biosci<span class=\"_ _0\"></span>enc<span class=\"_ _6\"></span>e Pte Ltd at 10<span class=\"_ _0\"></span>0%:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT <span class=\"ws18d\">Tim<span class=\"_ _6\"></span>bang Deli<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Total sales du<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing the financial<span class=\"_ _0\"></span> year<span class=\"ws7\"> </span> 0  0  0  0 Total purchases during the financi<span class=\"_ _0\"></span>al year<span class=\"ws7\"> </span> 0  0 2 510<span class=\"ws7\"> </span>2 265<span class=\"ws7\"> </span>Total receivabl<span class=\"_ _0\"></span>es as per 31 December <span class=\"_ _0\"></span><span class=\"ws7\"> </span>9 028<span class=\"ws7\"> </span>8 330<span class=\"ws7\"> </span> 9  <span class=\"ls14d ws161\">14</span> Total payabl<span class=\"_ _0\"></span>es as per 31 December <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">300</span>  <span class=\"ls14d ws161\">300</span>  <span class=\"ls14d ws161\">193</span>  <span class=\"ls14d ws161\">263</span> 30.<span class=\"ff9a\"> <span class=\"_\"> </span></span>Business combinations, acquisitions and divestures During 2022<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF group ha<span class=\"_ _0\"></span>s purchased <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>ning 5% sh<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>es of P<span class=\"_ _0\"></span>T Agro Muko<span class=\"_ _0\"></span><span class=\"ws7\"> </span>fo<span class=\"_ _0\"></span>r KUSD 5 500<span class=\"_ _0\"></span>, increasing the benefici<span class=\"_ _0\"></span>ainterest of PT Agro Muko <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> 90.25% to 95<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>00<span class=\"_ _0\"></span>%<span class=\"_ _a\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In 2021, SIPEF<span class=\"_ _0\"></span> signed a sale and pu<span class=\"_ _0\"></span>rchase agreement wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h S<span class=\"_ _0\"></span>hamrock Group (SG) on<span class=\"_ _0\"></span> the sale of<span class=\"_ _0\"></span> 100% of the sha<span class=\"_ _0\"></span>re capital of i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>sIndonesian subsi<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>iary, PT Melania. SG is an Indonesia<span class=\"_ _0\"></span>n group t<span class=\"_ _a\"></span>hat runs several rubber plantations and factories, and specialises inthe production and<span class=\"_ _0\"></span> sale of latex gl<span class=\"_ _0\"></span>oves.<span class=\"_ _6\"></span> B<span class=\"_ _0\"></span>ef<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> transaction, SIPEF controll<span class=\"_ _0\"></span>ed 95% of<span class=\"_ _a\"></span> PT <span class=\"_ _0\"></span>Melania through its Indonesi<span class=\"_ _0\"></span>an 95<span class=\"_ _0\"></span>%subsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y, PT Tolan T<span class=\"_ _0\"></span>ig<span class=\"_ _6\"></span>a. The remaini<span class=\"_ _0\"></span>ng 5% is own<span class=\"_ _0\"></span>ed by an Indonesi<span class=\"_ _0\"></span>an pension fund. <span class=\"ws7\"> </span>As a reminder, PT Melania owns half of the G<span class=\"_ _a\"></span>roup\u2019s Indonesian rubbe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations in S<span class=\"_ _0\"></span>um<span class=\"_ _a\"></span>atra and the entire t<span class=\"_ _a\"></span>ea operations in <span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>avaInitially, 40% of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> shar<span class=\"_ _a\"></span>es<span class=\"_ _0\"></span> was sold for a pay<span class=\"_ _0\"></span>ment of USD 19<span class=\"_ _0\"></span> million. After this <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>irst st<span class=\"_ _0\"></span>age <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he Shamrock<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup<span class=\"_ _0\"></span> took over <span class=\"_ _0\"></span>themanagement of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ub<span class=\"_ _0\"></span>ber activities. T<span class=\"_ _0\"></span>he second tranche o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> 60% o<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span> shares (of whi<span class=\"_ _0\"></span>ch 55% are held by<span class=\"_ _0\"></span> SIPEF) wi<span class=\"_ _0\"></span>ll be transfe<span class=\"_ _0\"></span>rredno later than 2024 for USD 17 million, after<span class=\"_ _a\"></span> the renewal of the permanent land rights (HG<span class=\"_ _0\"></span>U) for<span class=\"_ _a\"></span> the whole of the rubber and teabusiness. The gross transac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on price for 100% of the<span class=\"_ _0\"></span> shares is USD 36 mi<span class=\"_ _0\"></span>llion.<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span> </span>At 31 December<span class=\"_ _0\"></span> 2021, a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal o<span class=\"_ _0\"></span>f KUSD 1 <span class=\"_ _0\"></span>922 has already be<span class=\"_ _0\"></span>en paid rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ing to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> costs associ<span class=\"_ _0\"></span>ated with the SPA<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>uring 2022<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>nadditiona<span class=\"_ _0\"></span>l amount of<span class=\"_ _6\"></span> K<span class=\"_ _0\"></span>USD 3 502 has be<span class=\"_ _0\"></span>en paid. This brings the t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> paid amount to KUSD 5 424 <span class=\"_ _0\"></span>at<span class=\"_ _6\"></span> <span class=\"_ _4\"></span>31 December 2022. The <span class=\"_ _0\"></span>totalhas been deducted from <span class=\"_ _0\"></span>the advance that was already recei<span class=\"_ _0\"></span>ved at C<span class=\"_ _0\"></span>D 1 (KUSD 9 <span class=\"_ _0\"></span>167)<span class=\"_ _a\"></span>.<span class=\"ws7\"> </span>The final ne<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> sal<span class=\"_ _0\"></span>e price and an<span class=\"_ _0\"></span>y capital gain on<span class=\"_ _0\"></span> the sa<span class=\"_ _0\"></span>le of PT Mel<span class=\"_ _0\"></span>ania will depend l<span class=\"_ _0\"></span>argely on the timing and <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> cost of<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>enewi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>hepermanent concession rights<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>H<span class=\"_ _0\"></span>G<span class=\"_ _a\"></span>U)<span class=\"_ _0\"></span> and on the<span class=\"_ _0\"></span> compensation for th<span class=\"_ _0\"></span>e accumulated social righ<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> em<span class=\"_ _a\"></span>ployed pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>son<span class=\"_ _0\"></span>nel, who w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>llpresumably be taken over<span class=\"_ _0\"></span> almost entirely. The gai<span class=\"_ _0\"></span>n on the sale of<span class=\"_ _0\"></span> PT Mel<span class=\"_ _0\"></span>ania may be adjusted going forward<span class=\"_ _0\"></span> depending on revisi<span class=\"_ _0\"></span>onof the estimate of <span class=\"_ _0\"></span>these cost<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> in the future. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF has made<span class=\"_ _0\"></span> a best<span class=\"_ _0\"></span> estimat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> of the cos<span class=\"_ _0\"></span>ts related <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the sal<span class=\"_ _0\"></span>e of PT Melani<span class=\"_ _0\"></span>a. Below<span class=\"_ _0\"></span> we present the cal<span class=\"_ _0\"></span>culation of the<span class=\"_ _0\"></span> net se<span class=\"_ _4\"></span>lli<span class=\"_ _0\"></span>ngprice <span class=\"ws166\">as was done at <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>ime<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> sale i<span class=\"_ _0\"></span>n 2021:<span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Se<span class=\"_ _0\"></span>lling p<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span><span class=\"ls7\"> </span>Total amount to be recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>estimated costs related <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sale<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">11 418</span> Net selli<span class=\"_ _0\"></span>ng price (100% of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> shares)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>24 582<span class=\"ws7\"> </span>Net selli<span class=\"_ _0\"></span>ng price for 95%<span class=\"ws7\"> </span>23 353<span class=\"ws7\"> </span>Of wh<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span><span class=\"ls7\"> </span>40% of the shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>9 833<span class=\"ws7\"> </span>55% of the shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>13 520<span class=\"ws7\"> </span>At 31 December 2022 the group still<span class=\"_ _0\"></span> considers the net<span class=\"_ _a\"></span> selling price and the subsequent capital gai<span class=\"_ _0\"></span>n of K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 11 640 as recor<span class=\"_ _a\"></span>de<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> inthe financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents of<span class=\"_ _0\"></span> 2021 to<span class=\"_ _0\"></span> be cor<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ect. How<span class=\"_ _0\"></span>ever any chang<span class=\"_ _0\"></span>e in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he es<span class=\"_ _0\"></span>timated costs<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>elated<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> the sale<span class=\"_ _0\"></span> will<span class=\"_ _0\"></span> impact<span class=\"_ _a\"></span> the<span class=\"_ _4\"></span> <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nalcapital gai<span class=\"_ _0\"></span>n in either a posi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ive or<span class=\"_ _0\"></span> a negative w<span class=\"_ _0\"></span>ay. The<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup<span class=\"_ _0\"></span> aims to fina<span class=\"_ _0\"></span>lise the sale<span class=\"_ _0\"></span> of the second <span class=\"_ _0\"></span>tranche of<span class=\"_ _0\"></span> 60% of the<span class=\"_ _0\"></span> shares (ofwhich 55<span class=\"_ _0\"></span>%<span class=\"_ _a\"></span> are held by SIPEF) in the<span class=\"_ _0\"></span> course of 2023. N<span class=\"_ _0\"></span>onetheless the timing remains uncertain<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y depends on the exacttiming of the renewal<span class=\"_ _0\"></span> of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land titles of<span class=\"_ _0\"></span> PT Melania<span class=\"_ _0\"></span><span class=\"ws7\"> </span>31.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">EARNI<span class=\"_ _a\"></span>NGS PER SHARE<span class=\"_ _a\"></span> (BA<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>IC<span class=\"_ _a\"></span> AND DIL<span class=\"_ _6\"></span>UTED)<span class=\"ls7 ws7\"> </span></span>From c<span class=\"_ _a\"></span>ontinui<span class=\"_ _6\"></span>ng and disconti<span class=\"_ _6\"></span>nued operati<span class=\"_ _6\"></span>ons<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Basic earnings per share<span class=\"ws7\"> </span>Basic earni<span class=\"_ _0\"></span>ngs per share <span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ws166\">cal<span class=\"_ _0\"></span>culation (USD)<span class=\"ws7\"> </span></span></span>10.40 9.00Basic earni<span class=\"_ _0\"></span>ngs per share is calculated as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span>Numerator:<span class=\"_ _a\"></span> ne<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> period attributable to ordinary sharehol<span class=\"_ _0\"></span>ders (KUSD)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">108 157</span>  93 749Denominator: the weighted average number<span class=\"_ _0\"></span> of ordinary shares <span class=\"ws7\">ou<span class=\"_ _0\"></span>tstanding </span>10 401 938<span class=\"ws7\"> </span>10 418 431The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>rdinary shares outstanding<span class=\"_ _0\"></span> is calculated as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span>Number of ordinary shares outs<span class=\"_ _0\"></span>tanding at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 401 328<span class=\"ws7\"> </span>10 419 328Effect of shares issue<span class=\"_ _0\"></span>d /<span class=\"_ _a\"></span> share bu<span class=\"_ _0\"></span>yback progr<span class=\"_ _a\"></span>ams<span class=\"_ _0\"></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">610<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>-  897Effect of the capital i<span class=\"_ _0\"></span>ncrease<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>rdinary shares outstanding<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>ecember 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 401 938<span class=\"ws7\"> </span>10 418 431Diluted earnings per share<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Dil<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>ed earnings per share <span class=\"ws7\">- </span>calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ion (USD<span class=\"_ _0\"></span>)<span class=\"ws7\"> </span>10.36 8.99The <span class=\"ws166\">diluted earni<span class=\"_ _0\"></span>ngs per share is calculated as foll<span class=\"_ _0\"></span>ows:</span> Numerator:<span class=\"_ _a\"></span> ne<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> period attributable to ordinary sharehol<span class=\"_ _0\"></span>ders (KUSD)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">108 157</span>  93 749Denominator: the weighted average number<span class=\"_ _0\"></span> of dilutive ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>y shares outstanding<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 443 064<span class=\"ws7\"> </span>10 422 490The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> di<span class=\"_ _0\"></span>lutive ordinary shares ou<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>standing is cal<span class=\"_ _0\"></span>culated as follows:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>rdinary shares outstanding<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>ecember 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 401 938<span class=\"ws7\"> </span>10 418 431Effect of stock options on i<span class=\"_ _0\"></span>ssue<span class=\"ws7\"> </span> <span class=\"ws166\">41 126</span>  4 059 <span class=\"ws166\">The weighted average nu<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> of di<span class=\"_ _0\"></span>lutive ordinary shares outstanding at Dece<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>10 443 064<span class=\"ws7\"> </span>10 422 49032.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">EVENTS<span class=\"_ _0\"></span> AFTER<span class=\"_ _0\"></span> THE BA<span class=\"_ _0\"></span>LANCE S<span class=\"_ _0\"></span>HEET DATE<span class=\"_ _0\"></span></span> There are no signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant post-<span class=\"_ _a\"></span>balance she<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span> events that have a spec<span class=\"_ _0\"></span>ific impact on SIPEF group'<span class=\"_ _0\"></span>s activities and consolidated financi<span class=\"_ _0\"></span>astatem<span class=\"_ _a\"></span>ents. Thi<span class=\"_ _0\"></span>s is also true for<span class=\"_ _a\"></span> the latest evolution of the dispute <span class=\"_ _0\"></span>bet<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>een Russia and Ukraine and the recent problems at s<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>ebanks (Sil<span class=\"_ _0\"></span>icon Va<span class=\"_ _a\"></span>lley <span class=\"_ _0\"></span>Bank and Cr\u00e9dit Suisse).<span class=\"ws7\"> </span>33.<span class=\"ff9a\"> <span class=\"_\"> </span></span>SERVICES <span class=\"ls15d ws1b1\">PROVIDED B<span class=\"_ _a\"></span>Y THE<span class=\"_ _6\"></span> AUDITOR AND RE<span class=\"ls150 ws16e\">LATED FE<span class=\"_ _0\"></span>ES <span class=\"ls7 ws7\"> </span></span></span>The statutory auditor o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the SIPEF group is <span class=\"_ _0\"></span><span class=\"ls15f ws165\">EY <span class=\"_ _6\"></span><span class=\"ls7 ws7\">B<span class=\"_ _0\"></span>edrijfsrevisoren <span class=\"ls15f ws165\">BV </span><span class=\"ws166\">r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>esented by<span class=\"_ _0\"></span> Wim Van Gasse and C<span class=\"_ _0\"></span>hr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oph Ori<span class=\"_ _0\"></span>s<span class=\"ws7\">. </span></span></span></span>The fees for the<span class=\"_ _0\"></span> annual report of SIPEF were approved by <span class=\"_ _0\"></span>the general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>eeting after review an<span class=\"_ _0\"></span>d approval of the audit <span class=\"_ _0\"></span><span class=\"ls14f ws170\">co<span class=\"_ _0\"></span>mmitte<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>andby the board of directors<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>hese fees<span class=\"ws7\"> <span class=\"_ _4\"></span>co</span>rrespond to an a<span class=\"_ _0\"></span>mount of KUSD<span class=\"_ _0\"></span> 1<span class=\"ls14d ws161\">15</span> <span class=\"_ _0\"></span><span class=\"ws187\">i<span class=\"_ _0\"></span>n 2022</span> <span class=\"_ _0\"></span>(<span class=\"ls14d ws161\">2021:</span> <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">118<span class=\"ls14f ws18a\">)<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span> </span></span></span>Group, <span class=\"_ _0\"></span><span class=\"ls15f ws165\">EY <span class=\"_ _0\"></span></span>hasprovided services for KU<span class=\"ls152 ws179\">SD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls14d ws161\">56<span class=\"ls7 ws7\">8 in </span>202<span class=\"ls7 ws7\">2 (</span>2021:<span class=\"ls7 ws7\"> <span class=\"ls152 ws179\">KUSD </span></span>577<span class=\"ls7 ws166\">)<span class=\"_ _a\"></span>, of whi<span class=\"_ _0\"></span>ch KUSD<span class=\"ws7\"> 0 (<span class=\"ls14d ws161\">20</span>21<span class=\"ls152 ws1cc\">: KUSD </span>0</span>) are for non<span class=\"ws7\">-</span>audit services<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-2": {
   "value": "1.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>IDENTIFICATION SIPEF (the \u2018company\u2019) is a <span class=\"_ _0\"></span>limited liability company(\u2018naamloze vennootschap\u2019<span class=\"_ _0\"></span> /<span class=\"_ _a\"></span> \u2019soci\u00e9t\u00e9 anon<span class=\"_ _0\"></span>ym<span class=\"_ _6\"></span>e\u2019<span class=\"_ _0\"></span>) incorporat<span class=\"_ _a\"></span>edin Bel<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>ium and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>ister<span class=\"_ _a\"></span>ed at 2900 Schoten, Calesb<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>gdreef 5.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements <span class=\"_ _0\"></span>for the year<span class=\"_ _0\"></span> ended 31December <span class=\"_ _d\"> </span><span class=\"ls14d ws161\">202</span>2 <span class=\"_ _c\"> </span>comprise SIPEF and <span class=\"_ _0\"></span>its subsidiaries(together<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eferred to as \u2018SIPEF<span class=\"_ _0\"></span> gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p\u2019 or \u2018the <span class=\"ff9c ws7\">G</span>roup<span class=\"_ _0\"></span>\u2019).Comparative figures are for the <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year <span class=\"ls14d ws161\">20</span><span class=\"ws7\">21. </span>The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements have<span class=\"_ _0\"></span> been es<span class=\"_ _0\"></span>tablishedby the <span class=\"ws7\">b</span>oa<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>d o<span class=\"_ _0\"></span>f d<span class=\"ws168\">irectors on<span class=\"_ _0\"></span> 1</span>4 <span class=\"_ _4\"></span><span class=\"ws168\">February<span class=\"_ _0\"></span> 202</span>3<span class=\"ws168\">. The </span>eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>safter<span class=\"_ _a\"></span> the balance sheet date<span class=\"ws7\"> <span class=\"_ _0\"></span></span>were updated and ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>oved<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>orissue by the directors on April<span class=\"_ _0\"></span> 1<span class=\"_ _a\"></span>8<span class=\"ls14f ws16a\">, 20<span class=\"_ _0\"></span>2</span>3. <span class=\"_\"> </span>These financiastatem<span class=\"_ _a\"></span>ents w<span class=\"_ _0\"></span>ill be presented to the shareholders a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> thegeneral meeting of June <span class=\"ls14d ws161\">14</span>,<span class=\"_ _0\"></span> 202<span class=\"ws7\">3. <span class=\"_ _0\"></span></span>A list of the di<span class=\"_ _0\"></span>rect<span class=\"_ _a\"></span>ors andthe stat<span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ory audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>or, as<span class=\"_ _0\"></span> well as a de<span class=\"_ _0\"></span>scr<span class=\"_ _a\"></span>iption of the<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>incipaactivities of the <span class=\"ws7\">G</span>roup, are<span class=\"_ _0\"></span> included i<span class=\"_ _0\"></span>n chapter<span class=\"_ _a\"></span> one of theintegrated report.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-1-3": {
   "value": "1.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>IDENTIFICATION SIPEF (the \u2018company\u2019) is a <span class=\"_ _0\"></span>limited liability company(\u2018naamloze vennootschap\u2019<span class=\"_ _0\"></span> /<span class=\"_ _a\"></span> \u2019soci\u00e9t\u00e9 anon<span class=\"_ _0\"></span>ym<span class=\"_ _6\"></span>e\u2019<span class=\"_ _0\"></span>) incorporat<span class=\"_ _a\"></span>edin Bel<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>ium and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>ister<span class=\"_ _a\"></span>ed at 2900 Schoten, Calesb<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>gdreef 5.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements <span class=\"_ _0\"></span>for the year<span class=\"_ _0\"></span> ended 31December <span class=\"_ _d\"> </span><span class=\"ls14d ws161\">202</span>2 <span class=\"_ _c\"> </span>comprise SIPEF and <span class=\"_ _0\"></span>its subsidiaries(together<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eferred to as \u2018SIPEF<span class=\"_ _0\"></span> gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p\u2019 or \u2018the <span class=\"ff9c ws7\">G</span>roup<span class=\"_ _0\"></span>\u2019).Comparative figures are for the <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year <span class=\"ls14d ws161\">20</span><span class=\"ws7\">21. </span>The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements have<span class=\"_ _0\"></span> been es<span class=\"_ _0\"></span>tablishedby the <span class=\"ws7\">b</span>oa<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>d o<span class=\"_ _0\"></span>f d<span class=\"ws168\">irectors on<span class=\"_ _0\"></span> 1</span>4 <span class=\"_ _4\"></span><span class=\"ws168\">February<span class=\"_ _0\"></span> 202</span>3<span class=\"ws168\">. The </span>eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>safter<span class=\"_ _a\"></span> the balance sheet date<span class=\"ws7\"> <span class=\"_ _0\"></span></span>were updated and ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>oved<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>orissue by the directors on April<span class=\"_ _0\"></span> 1<span class=\"_ _a\"></span>8<span class=\"ls14f ws16a\">, 20<span class=\"_ _0\"></span>2</span>3. <span class=\"_\"> </span>These financiastatem<span class=\"_ _a\"></span>ents w<span class=\"_ _0\"></span>ill be presented to the shareholders a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> thegeneral meeting of June <span class=\"ls14d ws161\">14</span>,<span class=\"_ _0\"></span> 202<span class=\"ws7\">3. <span class=\"_ _0\"></span></span>A list of the di<span class=\"_ _0\"></span>rect<span class=\"_ _a\"></span>ors andthe stat<span class=\"_ _a\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ory audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>or, as<span class=\"_ _0\"></span> well as a de<span class=\"_ _0\"></span>scr<span class=\"_ _a\"></span>iption of the<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>incipaactivities of the <span class=\"ws7\">G</span>roup, are<span class=\"_ _0\"></span> included i<span class=\"_ _0\"></span>n chapter<span class=\"_ _a\"></span> one of theintegrated report.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-2-2": {
   "value": "2.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls150 ws16e\">STA<span class=\"_ _0\"></span>TEMENT OF<span class=\"_ _0\"></span> COMP<span class=\"_ _0\"></span>LIANC<span class=\"_ _0\"></span>E </span> The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements have been<span class=\"_ _0\"></span> prepared i<span class=\"_ _0\"></span>naccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the In<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ernation<span class=\"_ _0\"></span>al Financial ReportingStandards (IFRS) which have <span class=\"_ _0\"></span>been adopted by the<span class=\"_ _0\"></span> EuropeanUnion<span class=\"_ _0\"></span> as per 31 December <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2. </span>The following standards or interpre<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ation<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e appli<span class=\"_ _0\"></span>cable forthe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls7 ws166\">annu<span class=\"_ _0\"></span>al period beginni<span class=\"_ _0\"></span>ng on 1 January <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2: </span></span>\u2022 <span class=\"_ _81\"> </span>Amendments to IAS 16 Property, Plant and Equipment:Proceeds before Intended Use (appli<span class=\"_ _0\"></span>cable for annualperiods begi<span class=\"_ _0\"></span>nnin<span class=\"_ _6\"></span>g <span class=\"_ _0\"></span>on or after<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2022)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IAS 37<span class=\"_ _0\"></span> Provisions, Con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ngent Liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>itiesand Contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s: Onerous Contracts <span class=\"_ _0\"></span>\u2014<span class=\"ff9c\"> <span class=\"_ _8\"> </span></span>Cost<span class=\"_ _0\"></span> ofFulfilling<span class=\"_ _0\"></span> a Contract<span class=\"_ _6\"></span> (appl<span class=\"_ _0\"></span>icable for annual period<span class=\"_ _0\"></span>sbeginni<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g on or af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er 1<span class=\"_ _0\"></span> January 2022)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>IFRS 3 Busi<span class=\"_ _0\"></span>ness Combinations:Reference to the<span class=\"_ _0\"></span> Conceptual Framework <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>appli<span class=\"_ _0\"></span>cable forannual pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iods begi<span class=\"_ _0\"></span>nn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng on or af<span class=\"_ _a\"></span>ter 1 January<span class=\"_ _0\"></span> 2022)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Annua<span class=\"_ _0\"></span>l Im<span class=\"_ _6\"></span>provements to IFR<span class=\"_ _0\"></span>S Standards 2018<span class=\"ff9b ws7\">\u2013</span>2020(applicable for annual period<span class=\"_ _0\"></span>s begi<span class=\"_ _a\"></span>nning on or after 1January 2022)<span class=\"ws7\"> </span>These changes di<span class=\"_ _0\"></span>d not have a sign<span class=\"_ _0\"></span>ificant impact on the equityor net result of the <span class=\"_ _0\"></span>Gr<span class=\"_ _a\"></span>oup.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The <span class=\"_ _4\"></span>Group <span class=\"_ _0\"></span>did not elect for early appli<span class=\"_ _0\"></span>cat<span class=\"_ _6\"></span>ion of the followingnew standards and<span class=\"_ _0\"></span> interpretations which w<span class=\"_ _0\"></span>ere issued at<span class=\"_ _0\"></span> thedate of approval of these financial statements but were not yeteffect<span class=\"_ _a\"></span>ive on <span class=\"_ _0\"></span>the balance sheet date:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>IFRS 17<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nsu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>ce Contract<span class=\"_ _6\"></span>s (appl<span class=\"_ _0\"></span>icable for annualperiods begi<span class=\"_ _0\"></span>nnin<span class=\"_ _6\"></span>g <span class=\"_ _0\"></span>on or after<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2023)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IFRS<span class=\"_ _0\"></span> 17 Insurance contracts: InitialAppli<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion of IFRS 17 an<span class=\"_ _0\"></span>d IFRS 9<span class=\"_ _0\"></span> \u2013 <span class=\"_ _4f\"> </span>ComparativeInfor<span class=\"_ _a\"></span>mation<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>ap<span class=\"_ _0\"></span>plicable for annual pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ods beginning onor aft<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2023)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> IAS 1<span class=\"_ _0\"></span> Present<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of Financi<span class=\"_ _0\"></span>alStatement<span class=\"_ _a\"></span>s: Classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion of Liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies as Current orNon-<span class=\"ws177\">current and Non</span>-current Liab<span class=\"_ _0\"></span>ilities withCovenants (applicab<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>e for annual pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iods begi<span class=\"_ _0\"></span>nnin<span class=\"_ _a\"></span>g on orafter 1 January 2024<span class=\"_ _0\"></span> or later, but not yet<span class=\"_ _0\"></span> endorsed in theEU)<span class=\"ls7 ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to<span class=\"_ _0\"></span> IAS 1 Presenta<span class=\"_ _0\"></span>tion of Fina<span class=\"_ _0\"></span>ncialStatement<span class=\"_ _a\"></span>s and IFRS P<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>actice Statement 2:<span class=\"_ _a\"></span> Discl<span class=\"_ _0\"></span>osureof Accounting Pol<span class=\"_ _0\"></span>icies (applicable for annual period<span class=\"_ _0\"></span>sbeginni<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g on or af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er 1<span class=\"_ _0\"></span> January 2023)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IAS 8 A<span class=\"_ _0\"></span>ccount<span class=\"_ _a\"></span>ing pol<span class=\"_ _0\"></span>icies, C<span class=\"_ _0\"></span>hang<span class=\"_ _6\"></span>es i<span class=\"_ _0\"></span>nAccounting Estimates and Erro<span class=\"_ _0\"></span>rs: Definition ofAccounting Estimates (appli<span class=\"_ _0\"></span>cable for annual pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iodsbeginni<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g on or af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er 1<span class=\"_ _0\"></span> January 2023)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to<span class=\"_ _0\"></span> IAS 12 Inco<span class=\"_ _0\"></span>me Taxes: Defer<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> Taxrelated to Assets and Liabilities ari<span class=\"_ _0\"></span>sing fr<span class=\"_ _a\"></span>om a SingleTran<span class=\"_ _0\"></span>sact<span class=\"_ _a\"></span>ion (appl<span class=\"_ _0\"></span>icable f<span class=\"_ _a\"></span>or annual period<span class=\"_ _0\"></span>s beginning onor aft<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> 1<span class=\"_ _0\"></span> January 2023)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>Amendments to IFRS<span class=\"_ _0\"></span> 16 Leases: Lease Liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y in a Sal<span class=\"_ _0\"></span>eand Leaseback (appl<span class=\"_ _0\"></span>icable for annual periods be<span class=\"_ _0\"></span>ginn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ngon or after<span class=\"_ _a\"></span> 1 January 2024, bu<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> not yet endorsed in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>heEU)<span class=\"ls7 ws7\"> </span>At present, t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>Group does not expect t<span class=\"_ _a\"></span>he ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al adoption ofthese standards and i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erpreta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons to have a material<span class=\"_ _0\"></span> eff<span class=\"_ _6\"></span>ecton the Group's financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-4-2": {
   "value": "3.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>ACCOUNTING POLICIES Basis o<span class=\"_ _0\"></span>f p<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>eparati<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span>Starting in 2007 <span class=\"_ _0\"></span>the consolidated financial<span class=\"_ _0\"></span> stat<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span> arepresented in US dollar (until 2006 this was done in euro),rounded off t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he nearest thousand (KU<span class=\"_ _0\"></span>SD). This modificationis the result o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> changed poli<span class=\"_ _0\"></span>cy with regard t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the liqui<span class=\"_ _0\"></span>dityand debt management since the end of 2006, whereby thefunctional currency of the majority of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiaries has beenchanged from the local<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency to the<span class=\"_ _0\"></span> US dollar. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements are p<span class=\"_ _0\"></span>repared on thehistorical cost basis exce<span class=\"_ _0\"></span>pt<span class=\"_ _a\"></span> that t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>dliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies are stated at their <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air <span class=\"ws7\">val<span class=\"_ _0\"></span>ue: <span class=\"_ _0\"></span></span>i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>ments in <span class=\"_ _0\"></span>equityinstruments measured at FV<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>I,<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivativeinstruments and biologi<span class=\"_ _0\"></span>cal produce.<span class=\"ws7\"> </span>The accounting po<span class=\"_ _0\"></span>licies have been con<span class=\"_ _0\"></span>sistent<span class=\"_ _a\"></span>ly appl<span class=\"_ _0\"></span>iedthroughout t<span class=\"_ _a\"></span>he Group <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> are consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ent with <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ho<span class=\"_ _0\"></span>se used inthe previous year.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-5-2": {
   "value": "Busi<span class=\"_ _0\"></span>ness c<span class=\"_ _0\"></span>ombina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"ls7 ws7\"> </span>Business combi<span class=\"_ _0\"></span>nat<span class=\"_ _a\"></span>ions are accounted<span class=\"_ _0\"></span> for using <span class=\"_ _0\"></span>the purchasemethod. The cost of an acq<span class=\"_ _0\"></span>uisition is measured as <span class=\"_ _0\"></span>the f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>rvalue of the assets given, equity instruments issued, <span class=\"_\"> </span>andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies incu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>red or assumed at the da<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e o<span class=\"_ _0\"></span>f acquisition. Anycosts directly attr<span class=\"_ _a\"></span>ibutable to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inprofit or loss. The purchase consideration to<span class=\"_ _0\"></span> acquire abusiness, incl<span class=\"_ _0\"></span>udin<span class=\"_ _a\"></span>g contingent payments, is <span class=\"_ _0\"></span>recorded at fairvalue <span class=\"_ _6\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date, whil<span class=\"_ _0\"></span>e subsequent adjustments tothe contingent payments resulting <span class=\"_ _0\"></span>fr<span class=\"_ _a\"></span>om eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>fter theacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date are r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n prof<span class=\"_ _a\"></span>it or loss. <span class=\"_ _0\"></span>Non-controlling i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest are ini<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly measured either a<span class=\"_ _0\"></span>t fair value<span class=\"_ _0\"></span> orat the share o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _30\"> </span><span class=\"ls14d ws161\">non</span>-</span>con<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>ing participation in theidentifiabl<span class=\"_ _0\"></span>e net asset<span class=\"_ _6\"></span>s recogni<span class=\"_ _0\"></span>zed of t<span class=\"_ _a\"></span>he acquired company.The basis of measurement is selected on a <span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>ansaction<span class=\"_ _0\"></span>-<span class=\"ls14d ws161\">by</span>-transaction basis. All ac<span class=\"_ _6\"></span>quis<span class=\"_ _a\"></span>itio<span class=\"_ _6\"></span>n-related costs, such asconsulting fees, are expensed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Cons<span class=\"_ _a\"></span>olidation principles<span class=\"_ _0\"></span> Subsi<span class=\"ls14f ws170\">diarie<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span></span>Subsidiaries are those enterprises controlled by the company.An investor controls an investee i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d only if the investor hasall of the following el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s, in accordance with IFRS 10:\u2022 <span class=\"_ _81\"> </span>Power over the investee, i.e. the investor has exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ingrig<span class=\"_ _0\"></span>hts t<span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> give i<span class=\"_ _0\"></span>t the abil<span class=\"_ _0\"></span>ity t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> direct<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> relevant activities\u2022 <span class=\"_ _81\"> </span>Exposure, or r<span class=\"_ _a\"></span>ights, to variabl<span class=\"_ _0\"></span>e r<span class=\"_ _a\"></span>eturns from itsinvolvement wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h the investee;<span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> </span>\u2022 <span class=\"_ _81\"> </span>The abili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y to use its pow<span class=\"_ _0\"></span>er over the i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> affect theamount of the investor\u2019s <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eturns.<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents of subsidiaries are i<span class=\"_ _0\"></span>ncluded in theconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial statements f<span class=\"_ _6\"></span>rom<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he date that controleffect<span class=\"_ _a\"></span>ively commences un<span class=\"_ _0\"></span>til the date that<span class=\"_ _0\"></span> cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span> effectivelyceases (or a date nearby)<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Associates<span class=\"ff9c\"> </span>Associates are those enterprises in which the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _7\"> </span>hassignifican<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>luence, but not control, over<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financial<span class=\"_ _0\"></span> andoperating poli<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ies. The consol<span class=\"_ _0\"></span>idat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial statementsinclud<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _a\"></span>roup's share of the total recognized<span class=\"_ _0\"></span> gains andlosses of associates on an eq<span class=\"_ _0\"></span>uity accounting basis, fr<span class=\"_ _a\"></span>om theda<span class=\"_ _0\"></span>te t<span class=\"_ _a\"></span>hat si<span class=\"_ _0\"></span>gnificant influence effectively commences until<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hedate that signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant influence effectively ceases <span class=\"_ _0\"></span>(or a datenearby). When the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup\u2019s share o<span class=\"_ _0\"></span>f losses exceeds thecarrying amount of t<span class=\"_ _a\"></span>he associate, the carrying amount isreduced to nil and recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of further losses is di<span class=\"_ _0\"></span>scontinuedexcept to <span class=\"_ _0\"></span>the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>that the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions i<span class=\"_ _0\"></span>nrespect of the associate<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Joint ventures<span class=\"ws7\"> </span>Joint ventures are those<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>enterprises over who<span class=\"_ _0\"></span>se act<span class=\"_ _a\"></span>ivities theGroup has joint control, establi<span class=\"_ _0\"></span>shed by contractual agreement.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements incl<span class=\"_ _0\"></span>ude the <span class=\"_ _0\"></span>Group'sshare of the total<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized gains and l<span class=\"_ _0\"></span>osses of joint ventureson an equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y accoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng basis, from the date<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t significantinfluence effectively commences un<span class=\"_ _0\"></span>til the date that s<span class=\"_ _0\"></span>ignificantinfluence effectively ceases (or a<span class=\"_ _0\"></span> date nearby). <span class=\"ws7\"> </span>When the <span class=\"ws7\">G</span>roup\u2019s share of losses exceeds the ca<span class=\"_ _0\"></span>rr<span class=\"_ _6\"></span>yi<span class=\"_ _0\"></span>ngamount of t<span class=\"_ _a\"></span>he joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> venture, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> carrying amount is reduced tonil an<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ecognition of<span class=\"_ _0\"></span> further losses i<span class=\"_ _0\"></span>s discontinued except tothe extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span><span class=\"ls14f ws18a\">t the </span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gations in respectof the joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures.<span class=\"ws7\"> </span>Transactions eliminated on conso<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>idation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>All int<span class=\"_ _6\"></span>ra-group balances and transactions, and any unrealizedgains arisi<span class=\"_ _0\"></span>ng on intra<span class=\"ws7\">-</span>group tr<span class=\"_ _a\"></span>ansactions, are el<span class=\"_ _0\"></span>iminated forcompanies included usi<span class=\"_ _0\"></span>ng the f<span class=\"_ _a\"></span>ull<span class=\"_ _0\"></span> co<span class=\"_ _6\"></span>nsolidation method inpreparing the consoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>atements.<span class=\"ws7\"> </span>Unreali<span class=\"_ _0\"></span>zed losses are eliminated i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e way asunrealized<span class=\"_ _0\"></span> gai<span class=\"_ _6\"></span>ns exce<span class=\"_ _0\"></span>pt<span class=\"_ _a\"></span> that they are only eli<span class=\"_ _0\"></span>minated t<span class=\"_ _a\"></span>o theextent that there is no evi<span class=\"_ _0\"></span>dence of impairment.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy<span class=\"ls7 ws7\"> </span>Foreign currency transactions<span class=\"ws7\"> </span>In the individual<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup companies, tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sactions in foreigncurrencies are t<span class=\"_ _0\"></span>ranslated at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exchange ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>uling<span class=\"_ _0\"></span> at thedate of the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransaction<span class=\"_ _0\"></span>. Monetar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> asset<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ilitiesdenominated in foreign currencies are<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _4f\"> </span></span>translated a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>heexchange rate ruling at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he balan<span class=\"_ _0\"></span>ce sheet dat<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>. Foreignexchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences arising<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>ranslation are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inthe income s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atemen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>. N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>monet<span class=\"_ _a\"></span>ary asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> and l<span class=\"_ _0\"></span>iabilitiesdenominated in foreign currencies are <span class=\"_ _0\"></span>translated at the forei<span class=\"_ _0\"></span>gnexchange rate ruling at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he date<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the transaction.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financial s<span class=\"ls155 ws18d\">tat<span class=\"_ _6\"></span>ements of foreign oper<span class=\"_ _6\"></span>ations<span class=\"ls7 ws7\"> </span></span>Functional<span class=\"_ _0\"></span> cur<span class=\"_ _6\"></span>rency: items incl<span class=\"_ _0\"></span>uded i<span class=\"_ _a\"></span>n financial statements ofeach entity in the Group <span class=\"_ _6\"></span>are<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easured using the currency <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>best reflects the economic substance o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> underlying eventsand circumstances relevant to that en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y (the functionalcurrency). <span class=\"_ _30\"> </span>Starting from 2007 <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialstatem<span class=\"_ _a\"></span>ents are presented in <span class=\"_ _0\"></span>USD, this is the functionalcurrency of the maj<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ity of the <span class=\"_ _0\"></span><span class=\"ws7\">Group <span class=\"_ _a\"></span>companies.<span class=\"_ _0\"></span> </span>To consoli<span class=\"_ _0\"></span>date t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup <span class=\"_ _9\"> </span>and each o<span class=\"_ _0\"></span>f its subsidi<span class=\"_ _0\"></span>aries, t<span class=\"_ _a\"></span>hefinancial<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>atements<span class=\"_ _0\"></span> of the i<span class=\"_ _0\"></span>ndividual entities are <span class=\"_ _0\"></span>translated asfollows: \u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Assets and liabilities at the closi<span class=\"_ _0\"></span>ng rat<span class=\"_ _6\"></span>e;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span>I<span class=\"_ _a\"></span>ncome statements at the average exchange rate for theyear; \u2022 <span class=\"_ _81\"> </span>The components of shareholders\u2019 eq<span class=\"_ _0\"></span>uity at<span class=\"_ _a\"></span> the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oricalexchange rate.<span class=\"ws7\"> </span>Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences arising<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>om the t<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>slation of the netinvestment in foreign subsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ies, joi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> ven<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ures andassociated entities at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he year<span class=\"_ _0\"></span>-end exchange rate arerecorded as part of the sharehol<span class=\"_ _0\"></span>ders\u2019 equity under \u201ctranslationdifferences\u201d. When a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>reign entity is<span class=\"_ _0\"></span> sold, such exc<span class=\"_ _0\"></span>hangedifferences are recognized in the income s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atement as pa<span class=\"_ _0\"></span>rt ofthe gain or loss on sal<span class=\"_ _0\"></span>e.<span class=\"ws7\"> </span>If th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al accounting for a busi<span class=\"_ _0\"></span>ness combination isincomplete by the end of the financial year in w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ich thecombination occurs, SIPEF<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>group reports provisi<span class=\"_ _0\"></span>onal amountsfor the items for<span class=\"_ _0\"></span> which the accounting is i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>plete. T<span class=\"_ _0\"></span>hoseprovisional<span class=\"_ _0\"></span> amount<span class=\"_ _a\"></span>s are ad<span class=\"_ _0\"></span>justed during the measurementperiod (see paragraph below<span class=\"_ _0\"></span>),<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r additional asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies are recognised<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> reflect new i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>ormation obtaine<span class=\"_ _0\"></span>dabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date t<span class=\"_ _a\"></span>hat, if known,<span class=\"_ _0\"></span> would have affected theamounts recognised as of that<span class=\"_ _0\"></span> dat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>The measurement period i<span class=\"_ _0\"></span>s the pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod f<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>om the<span class=\"_ _0\"></span> acquisitiondate to t<span class=\"_ _a\"></span>he date SIPEF<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>group obtains compl<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>e informationabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date.<span class=\"_ _a\"></span> The <span class=\"_ _0\"></span>measurem<span class=\"_ _a\"></span>ent period<span class=\"_ _0\"></span> shall<span class=\"_ _0\"></span> not <span class=\"_ _8\"> </span>exceedone year from <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acq<span class=\"_ _0\"></span>uisition <span class=\"ws7\">date.<span class=\"_ _0\"></span> </span>Ste<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group\u2019s inte<span class=\"_ _0\"></span>rest<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> in subsidi<span class=\"_ _0\"></span>aries that do<span class=\"_ _0\"></span> notresult in a loss of control are accounted for as equitytransactions. The carrying amounts of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erestand the non<span class=\"ws7\">-contr</span>olling<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>interests are adjusted to reflect t<span class=\"_ _6\"></span>hechanges in thei<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ive interes<span class=\"_ _0\"></span>ts in the subsidi<span class=\"_ _0\"></span>aries. Anydifference between <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> amount by w<span class=\"_ _0\"></span>hich the non<span class=\"_ _0\"></span>-controllinginterests are adjusted and <span class=\"_ _0\"></span>the fair value<span class=\"_ _0\"></span> of the consi<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>ationpaid or received i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecogniz<span class=\"_ _0\"></span>ed directly in equity and attributedto owners of the co<span class=\"_ _0\"></span>mpany.<span class=\"ws7\"> </span>Where a business combina<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on is achieved i<span class=\"_ _0\"></span>n st<span class=\"_ _a\"></span>ages, theGroup\u2019s previously hel<span class=\"_ _0\"></span>d interest<span class=\"_ _a\"></span>s in the acqui<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> ent<span class=\"_ _a\"></span>ity areremeasured to f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value at the acquisition date (i.e. the datethe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Group <span class=\"_ _6\"></span>attains <span class=\"_ _0\"></span>cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> and the resulting gai<span class=\"_ _0\"></span>n or<span class=\"_ _a\"></span> loss, if any,is recognized<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> or loss. A<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ounts arisi<span class=\"_ _0\"></span>ng from interestsin the acquiree prior to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>date that havepreviously be<span class=\"_ _0\"></span>en r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n other comprehensive incomeare reclassified to profit or loss, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>such t<span class=\"_ _a\"></span>reatment wouldbe appropriate if <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hat interes<span class=\"_ _0\"></span>t were disposed of.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Goodwill and fair val<span class=\"_ _0\"></span>ue adjustment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>ising on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onof a foreign entity are treated as loca<span class=\"_ _0\"></span>l curr<span class=\"_ _a\"></span>ency assets andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies of the foreign en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y an<span class=\"_ _0\"></span>d<span class=\"ws7\"> </span>are translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he closi<span class=\"_ _0\"></span>ngrate. Biolo<span class=\"_ _a\"></span>gical asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF group onl<span class=\"_ _0\"></span>y r<span class=\"_ _a\"></span>ecognizes a<span class=\"_ _0\"></span> biolog<span class=\"_ _0\"></span>ical asset or\u201cconsumable biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal asset\u201d when i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> controls the asset as aresult of past events, when it is probabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> futu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e economicbenefits associated wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>the asset will<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low to <span class=\"ls14f ws170\">the</span> SI<span class=\"_ _6\"></span>PEF groupand when the fair<span class=\"_ _0\"></span> value or cost of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset can be<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>edreliabl<span class=\"_ _0\"></span>y.<span class=\"_ _6\"></span> The biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> asset <span class=\"_ _6\"></span>of pal<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> oi<span class=\"_ _0\"></span>l is defined as the oi<span class=\"_ _0\"></span>l containedin the<span class=\"_ _0\"></span> palm fruit, so<span class=\"_ _0\"></span> that the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>air<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> this distinct asset<span class=\"_ _0\"></span> canbe estimated reliabl<span class=\"_ _0\"></span>y.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF group has opted<span class=\"_ _0\"></span> to measure bi<span class=\"_ _0\"></span>ologi<span class=\"_ _0\"></span>ca<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>of<span class=\"_ _0\"></span> rubberat fair value at the poi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f harvest in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S41.32 and no<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> measure i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value as it grow<span class=\"_ _0\"></span>s less coststo sell in<span class=\"_ _0\"></span> accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span> IAS 41<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>10<span class=\"_ _0\"></span>c as it<span class=\"_ _0\"></span> is<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> opinion thatall pa<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ameters used in an<span class=\"_ _0\"></span>y alter<span class=\"_ _a\"></span>native <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>ement(fut<span class=\"_ _a\"></span>ure production<span class=\"_ _0\"></span>s,<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmination of the start o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the life cycle,cost allocation,\u2026) are clearly unrel<span class=\"_ _0\"></span>iable. As a con<span class=\"_ _0\"></span>sequenceall al<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ernative fair value measurements are also cons<span class=\"_ _0\"></span>ideredclearly unrel<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e.<span class=\"ws7\"> </span>The biol<span class=\"_ _0\"></span>ogical <span class=\"ws7\">assets <span class=\"_ _0\"></span></span>of bananas<span class=\"_ _0\"></span> <span class=\"ls156 ws194\">are<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>measured<span class=\"_ _0\"></span> at fair val<span class=\"_ _0\"></span>ueas it grows less costs to sell<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> taking<span class=\"_ _0\"></span> into account t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t all theparameters for the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value cal<span class=\"_ _0\"></span>culation are availabl<span class=\"_ _0\"></span>e andreliabl<span class=\"_ _0\"></span>e.<span class=\"_ _a\"></span>  A gain or l<span class=\"_ _0\"></span>oss ar<span class=\"_ _a\"></span>ising<span class=\"_ _0\"></span> on initial recognition of a bi<span class=\"_ _0\"></span>olog<span class=\"_ _a\"></span>ical asseat fair value<span class=\"_ _0\"></span> less estimated<span class=\"_ _0\"></span> point of sale cos<span class=\"_ _0\"></span>ts and <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>rom thechange in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue less estimated point of sale costs of abiol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> asset is included in net profit or loss i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod i<span class=\"_ _0\"></span>nwhich <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span> arises.<span class=\"ws7\"> </span>At th<span class=\"_ _0\"></span>e time of harvest, fresh frui<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> bunch<span class=\"_ _0\"></span>es,<span class=\"_ _a\"></span> rubbe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d bananasare measured at their fair value less <span class=\"_ _0\"></span>cost<span class=\"_ _6\"></span>s to sel<span class=\"_ _0\"></span>l andtransf<span class=\"_ _a\"></span>erred to<span class=\"_ _0\"></span> inventories. <span class=\"ws7\"> </span>Goodw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Goodwill represents the excess of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he cost of <span class=\"_ _0\"></span>the businesscombination over the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest in <span class=\"_ _0\"></span>the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value ofthe identifiable <span class=\"_ _0\"></span>asset<span class=\"_ _6\"></span>s, li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lities <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ilitiesacquired in <span class=\"_ _0\"></span>a business combination. Goodwill is no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> amortizedbut reviewed for impairment at least annually. For the purposeof testing goodw<span class=\"_ _0\"></span>ill for impairment, goodwi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> is allocated tooperating companies w<span class=\"_ _0\"></span>hic<span class=\"_ _6\"></span>h i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level at which thegoodwill<span class=\"_ _0\"></span> is monitored for internal <span class=\"_ _0\"></span>management purposes<span class=\"_ _0\"></span> (i.e.cash flow <span class=\"_ _7\"> </span>gene<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ating <span class=\"_ _7\"> </span>unit). Any impairment is immediatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income statement and<span class=\"_ _0\"></span> is not subsequentlyreversed. Negative good<span class=\"_ _0\"></span>w<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epresents the excess of the <span class=\"_ _0\"></span>Group\u2019sinterest in the fair value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the net identifiable assets acqui<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edover the cost o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. Negative goodw<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l is i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>iatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income stat<span class=\"_ _6\"></span>emen<span class=\"_ _0\"></span>t.<span class=\"ws7\"> </span>Inta<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Intangible assets incl<span class=\"_ _0\"></span>ude computer software<span class=\"_ _0\"></span> and variouslicenses. Intangibl<span class=\"_ _0\"></span>e asset<span class=\"_ _a\"></span>s are capitalized<span class=\"_ _0\"></span> and amor<span class=\"_ _a\"></span>tizedusing the straight<span class=\"ws7\">-</span>line method ove<span class=\"_ _0\"></span>r their useful l<span class=\"_ _0\"></span><span class=\"ls14f ws170\">ife. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Pr<span class=\"_ _0\"></span>operty,<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Property, plant and equipment, including i<span class=\"_ _0\"></span>nvestm<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> propertyand bearer plants,<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>stated at<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulateddepreciation and an<span class=\"_ _0\"></span>y accum<span class=\"_ _a\"></span>ulated impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses.Borrowing costs attributable to the const<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>uction or<span class=\"_ _0\"></span> productionof qualifying asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are capi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>ized. Expenses <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or the<span class=\"_ _0\"></span> repair ofproperty, plant and<span class=\"_ _0\"></span> equipment are usuall<span class=\"_ _0\"></span>y charged agai<span class=\"_ _0\"></span>nstincome when i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed. <span class=\"ws7\"> </span>Property held for sale, if any, is stated a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the low<span class=\"_ _0\"></span>er ofamortized cost and fair value l<span class=\"_ _0\"></span>ess selli<span class=\"_ _0\"></span>ng charges.<span class=\"ws7\"> </span>In accordance with the amendments to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 16 and IAS 41,bearer plants are s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulated depreci<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onand any accumulated<span class=\"_ _0\"></span> impairment losses. <span class=\"_ _0\"></span>All costs rel<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng tothe maintenance of the bearer plants<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> includ<span class=\"_ _0\"></span>ing fert<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>lisation, i<span class=\"_ _0\"></span>scapitali<span class=\"_ _0\"></span>sed as lon<span class=\"_ _a\"></span>g as the bearer plants are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mature..Depreciation<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mences w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>en the bearer plants havebecome mature and<span class=\"_ _0\"></span> the produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of biol<span class=\"_ _0\"></span>ogical assets starts.Depreciation<span class=\"_ _0\"></span> is calculated using the str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>line<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ethodbased on the estima<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed u<span class=\"_ _0\"></span>sef<span class=\"_ _a\"></span>ul l<span class=\"_ _0\"></span>ives of the related asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Buil<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _2\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 30 yea<span class=\"_ _0\"></span>rs</span> Infr<span class=\"_ _a\"></span>astructure<span class=\"_ _0\"></span> <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 25 yea<span class=\"_ _0\"></span>rs</span> Installations and machine<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Vehicl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">3 to 20 years<span class=\"_ _0\"></span></span> Off<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce equipment and furniture<span class=\"_ _0\"></span> <span class=\"_ _f6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 10 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant and equi<span class=\"_ _0\"></span>pment <span class=\"_ _84\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">2 to 20 yea<span class=\"_ _0\"></span>rs</span> Bearer plants <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span>20 to 25<span class=\"_ _0\"></span> yearsLand is not amortized<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group presents the cost of<span class=\"ws7\"> <span class=\"_\"> </span></span>land rights as<span class=\"ws7\"> <span class=\"_\"> </span></span>a <span class=\"_ _0\"></span>part ofproperty,<span class=\"_ _a\"></span> plant<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>&amp; equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, consistently with practices in theindustry and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> guidance<span class=\"_ _0\"></span> in that<span class=\"_ _a\"></span> respect. In addition,The Group closely moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors the<span class=\"_ _0\"></span> situation of each lan<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>le interms of renew<span class=\"_ _0\"></span>al and only depreciates its lan<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ights if<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> isan indi<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion that the land title might not be renewed. <span class=\"_ _0\"></span>Therenewal costs of<span class=\"_ _0\"></span> land rights are also <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ecognized as l<span class=\"_ _0\"></span>and rightsand are amortized over <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>erm o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> renewal.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Leases<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Assets, represent<span class=\"_ _a\"></span>ing the right to use the underlying l<span class=\"_ _0\"></span>easedasset, are capitali<span class=\"_ _0\"></span>zed as property, pl<span class=\"_ _0\"></span>ant<span class=\"_ _a\"></span> and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent atcost, comprising the<span class=\"_ _0\"></span> amount of<span class=\"_ _0\"></span> the ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al measurement oflease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, any lease payments<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ade a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> before thecommencement date less any lease i<span class=\"_ _0\"></span>ncentives received, anyinitial direct costs and <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>estoration costs. T<span class=\"_ _0\"></span>he correspondinglease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies, representing the net present<span class=\"_ _0\"></span> value of the leasepayments, ar<span class=\"_ _a\"></span>e recognized as l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-</span>term<span class=\"_ _a\"></span> or current liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>iesdepending<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>he period in which they are due. Leased assetsand liab<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ities are recognized for all l<span class=\"_ _0\"></span>eases with a ter<span class=\"_ _0\"></span>m of morethan 12 months, unless the<span class=\"_ _0\"></span> underlying asset is of<span class=\"_ _0\"></span> low value. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>paym<span class=\"_ _a\"></span>ents are discounted using the l<span class=\"_ _0\"></span>essee<span class=\"_ _6\"></span>\u2019sincremental borrowing rate, being the rate that the lesseewould ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>o pa<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o borrow the funds necessary to obtain anasset of simil<span class=\"_ _0\"></span>ar value in a simil<span class=\"_ _0\"></span>ar economic environment wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hsimilar terms and conditions. The<span class=\"_ _0\"></span> interest rate impl<span class=\"_ _0\"></span>icit in thelease coul<span class=\"_ _0\"></span>d <span class=\"_ _6\"></span>not be determined. Al<span class=\"_ _0\"></span>l cash flo<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>s relating to theleases are incl<span class=\"_ _0\"></span>uded in the increase/decrease of the short <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ermor long term financial <span class=\"_ _8\"> </span>borrowings <span class=\"_ _8\"> </span>(f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancing act<span class=\"_ _a\"></span>ivities) i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>hecash flow statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Lease interest i<span class=\"_ _0\"></span>s charged <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement<span class=\"_ _0\"></span> as aninterest expense. <span class=\"ws7\"> </span>Leased assets are de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciated, usi<span class=\"_ _0\"></span>ng str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>linedepreciation over <span class=\"_ _0\"></span>the lease ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>, incl<span class=\"_ _0\"></span>uding the <span class=\"_ _0\"></span>period ofrenewable <span class=\"_ _0\"></span>opt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, in case it is probable that the option wil<span class=\"_ _0\"></span>l beexercised. Lessee accou<span class=\"_ _0\"></span>nti<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Due to the nature of <span class=\"ffa1 ws16c\">the Group\u2019s</span><span class=\"ws7\"> <span class=\"_ _84\"> </span></span>busine<span class=\"_ _0\"></span>ss whereby theoperations are pri<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arily <span class=\"_ _0\"></span>taking place in <span class=\"_ _0\"></span>relatively remoteareas, the Group owns most of the assets used. There<span class=\"_ _0\"></span>for<span class=\"_ _6\"></span>e,there is <span class=\"_ _6\"></span>onl<span class=\"_ _0\"></span>y a limited amount of<span class=\"_ _0\"></span> leases which qu<span class=\"_ _0\"></span>alify for<span class=\"_ _a\"></span> leaseaccounting. The three mai<span class=\"_ _0\"></span>n cat<span class=\"_ _a\"></span>egories consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>Office rental<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> most o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> office rentals are lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m </span></span>leases, the main areas<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagement action<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>r<span class=\"ws7\">equired:  </span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">D<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>ermining the lease <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>erm<span class=\"_ _0\"></span>;<span class=\"ws7\"> </span></span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>alcu<span class=\"_ _a\"></span>lating the incremental borrowi<span class=\"_ _0\"></span>ng r<span class=\"_ _a\"></span>ate.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Co<span class=\"_ _0\"></span>mpany cars<span class=\"ls7 ws7\"> </span>Company cars in Bel<span class=\"_ _0\"></span>gium meet t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> definition of a l<span class=\"_ _0\"></span>ease and therefor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> appr<span class=\"_ _a\"></span>oach as o<span class=\"_ _0\"></span>ff<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce rentals wi<span class=\"_ _0\"></span>ll be applied.Papua<span class=\"ls7 ws7\">-<span class=\"ls158 ws199\">New<span class=\"_ _0\"></span></span>-<span class=\"ls155 ws18d\">Gui<span class=\"_ _6\"></span>nea land ri<span class=\"_ _6\"></span>ghts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span></span>In the Group\u2019s <span class=\"ws166\">subsidiary Hargy Oil P<span class=\"_ _0\"></span>alms Ltd in Papua</span>-N<span class=\"_ _0\"></span>ew-Guinea, a part o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land rights include a <span class=\"_ _0\"></span>fixed annual rentalpayment for<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> usuf<span class=\"_ _a\"></span>ruct of the land, as well<span class=\"_ _0\"></span> as a variab<span class=\"_ _a\"></span>leroyalty depending on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> production level<span class=\"_ _0\"></span>s of the yearmeasured in tons FFB. <span class=\"_ _6\"></span>The annu<span class=\"_ _0\"></span>al fixed rental payment meet<span class=\"_ _6\"></span>sthe definition of a lease, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eb<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> lease term<span class=\"_ _a\"></span> of asset hasbeen determined<span class=\"_ _0\"></span> as the ave<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>age li<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>an of an<span class=\"_ _0\"></span> oil pa<span class=\"_ _0\"></span>lm (<span class=\"_ _a\"></span>25years).  Lessor accou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ing<span class=\"ws7\"> </span>The Group has no contracts t<span class=\"_ _a\"></span>hat coul<span class=\"_ _0\"></span>d lead to lessoraccounting.  Impair<span class=\"_ _0\"></span>ment of ass<span class=\"_ _0\"></span>ets<span class=\"ls7 ws7\"> </span>Property, plant and equipment<span class=\"ws7\"> <span class=\"_ _4\"></span></span>(incl<span class=\"_ _0\"></span>uding bearer plants) a<span class=\"_ _0\"></span>ndother non<span class=\"ws7\">-</span>current assets<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> impairment losseswhenever events o<span class=\"_ _0\"></span>r changes in ci<span class=\"_ _0\"></span>rcum<span class=\"_ _a\"></span>stances i<span class=\"_ _0\"></span>ndicate thatthe carrying amount may be higher than the recover<span class=\"_ _a\"></span>ableamount. An impairment loss is recognized for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount bywhich <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he carrying amount of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset exceeds itsrecoverable amount, which is the<span class=\"_ _0\"></span> higher of an asset\u2019s ne<span class=\"_ _0\"></span>tselling price and its val<span class=\"_ _0\"></span>ue i<span class=\"_ _6\"></span>n use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span> the purpose of assessingimpairment, assets are grouped <span class=\"_ _0\"></span>at the low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthere are separat<span class=\"_ _a\"></span>ely i<span class=\"_ _0\"></span>dent<span class=\"_ _a\"></span>ifiabl<span class=\"_ _0\"></span>e cash f<span class=\"_ _a\"></span>lows. If impairment isno longer j<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>uture periods du<span class=\"_ _0\"></span>e to a recovery in asse<span class=\"_ _0\"></span>ts\u2019fair value or value i<span class=\"_ _0\"></span>n<span class=\"ws7\"> </span>use, the impairment reserve<span class=\"_ _0\"></span> is reversed.Fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Classification and measurement of financial inst<span class=\"_ _0\"></span>rumentsFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies are recognised w<span class=\"_ _0\"></span>hena <span class=\"_ _0\"></span>Group<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y becomes a party to the contractual provisi<span class=\"_ _0\"></span>onsof the instrument.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial l<span class=\"_ _0\"></span>iabilities are initially measuredat fair value<span class=\"_ _0\"></span>. Transaction costs <span class=\"_ _0\"></span>that are directly at<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ributable tothe acquisition or i<span class=\"_ _0\"></span>ssue of<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> assets and financialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies (other than <span class=\"_ _0\"></span>financial assets and financi<span class=\"_ _0\"></span>al liabilities atfair value through profit or loss) are added to or deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>romthe fair value<span class=\"_ _0\"></span> of the <span class=\"_ _0\"></span>financial assets or<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abilities, asappropriate, on initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ition<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansa<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on costs direct<span class=\"_ _a\"></span>lyattr<span class=\"_ _a\"></span>ibutable to<span class=\"_ _0\"></span> the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets or <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies at fair value th<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough profit or loss <span class=\"_ _0\"></span>are recognisedimmediately in <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ofit or loss.<span class=\"ws7\"> </span>The financi<span class=\"_ _0\"></span>al assets include the investments in equityinstruments designated at fair value<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hrough othercomprehensive income, loans to related parties, <span class=\"_ _0\"></span>receivablesincluding trade receivabl<span class=\"_ _0\"></span>es and other recei<span class=\"_ _0\"></span>vables, derivativefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments, financial<span class=\"_ _0\"></span> assets at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>fair value throughprofit or<span class=\"_ _0\"></span> loss, cash and<span class=\"_ _0\"></span> cash equivalen<span class=\"_ _0\"></span>ts. The acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons andsales of financial<span class=\"_ _0\"></span> assets ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognised at<span class=\"_ _0\"></span> the transactiondate.  Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> <span class=\"ls156 ws188\">debt<span class=\"_ _0\"></span> instrumen<span class=\"_ _0\"></span>ts</span> </span></span>All<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnised financial assets are subsequently measured<span class=\"_ _0\"></span> intheir entirety at<span class=\"_ _a\"></span> eithe<span class=\"_ _0\"></span>r am<span class=\"_ _a\"></span>ortised cost or <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value, depend<span class=\"_ _0\"></span>ingon <span class=\"_ _0\"></span>the classification of the financial assets. Debt instrum<span class=\"_ _a\"></span>entsthat meet <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing conditions are subseque<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y measur<span class=\"_ _a\"></span>edat amortised cost:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s held <span class=\"_ _a\"></span>within <span class=\"_ _0\"></span>a busi<span class=\"_ _a\"></span>ness model who<span class=\"_ _0\"></span>seobjective i<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>to hold financial assets in order t<span class=\"_ _6\"></span>o col<span class=\"_ _0\"></span>leccontractual cash flows; and<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The contract<span class=\"_ _a\"></span>ual te<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ms of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he financial<span class=\"_ _0\"></span> asset give rise onspecified dates to cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t are solel<span class=\"_ _0\"></span>y payment<span class=\"_ _a\"></span>s oprincipal<span class=\"_ _0\"></span> and i<span class=\"_ _a\"></span>nterest on t<span class=\"_ _a\"></span>he p<span class=\"_ _0\"></span>rincipal amounoutstanding. Debt instruments include:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Receivables measured at</span> <span class=\"ws166\">amortised cost</span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Trade receivables measured at amortised cost<span class=\"_ _0\"></span> </span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Cash and cash equi<span class=\"_ _0\"></span>valents </span><span class=\"ff9a\"> </span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">O<span class=\"_ _a\"></span>ther investments and<span class=\"_ _0\"></span> deposits<span class=\"ff9a ws7\"> </span></span></span>Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> </span></span>investments in equ<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y instrum<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span>On initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnition, t<span class=\"_ _a\"></span>he Group made an ir<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>evo<span class=\"_ _0\"></span>cable election(on an instrument<span class=\"ws7\">-<span class=\"ls14d ws161\">by</span>-</span>instrument basis) to de<span class=\"_ _0\"></span>signateinvestments in equity instruments as at FVTOCI<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Investmentsin equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umen<span class=\"_ _0\"></span>ts at F<span class=\"_ _0\"></span>VTOCI ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> initially measured at<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>airvalue pl<span class=\"_ _0\"></span>us t<span class=\"_ _a\"></span>ransaction costs. Subsequently, they aremeasured at fair<span class=\"_ _0\"></span> value with gains an<span class=\"_ _0\"></span>d losses arisi<span class=\"_ _0\"></span>ng fr<span class=\"_ _6\"></span>omchanges in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue recognised in other<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>prehensiveincome and accumulated in the <span class=\"_ _0\"></span>investm<span class=\"_ _a\"></span>ent\u2019s <span class=\"_ _4f\"> </span>revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onreserve. The cumulative gain or loss w<span class=\"_ _0\"></span>ill not be reclassified toprofit or<span class=\"_ _0\"></span> loss on di<span class=\"_ _0\"></span>sposal of the<span class=\"_ _0\"></span> equity investments, instead,they will<span class=\"_ _0\"></span> be tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>to retained earnings. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Amortised cost and effective <span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>nterest method<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The effective interest method i<span class=\"_ _0\"></span>s a method of calcul<span class=\"_ _0\"></span>ating the amortised cost of a de<span class=\"_ _0\"></span>bt<span class=\"_ _a\"></span> inst<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ument and of all<span class=\"_ _0\"></span>ocating interest income over the rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> period.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>For financial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments other than pu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>sed or originated credit-<span class=\"ws166\">impaired financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s, the effective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate is </span>the rate that exactly di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ated future cash<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceipts (includi<span class=\"_ _0\"></span>ng a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l fees and points paid or received tha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> form an<span class=\"_ _0\"></span> integr<span class=\"ws166\">al part of the<span class=\"_ _0\"></span> ef<span class=\"_ _a\"></span>fective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate, transaction costs<span class=\"_ _0\"></span> </span>and other premiums or discounts)<span class=\"_ _0\"></span> excluding expected credit losses, through the expected li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>e of the<span class=\"_ _0\"></span> debt instrument, or, where appropriate, a shorter<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod, to the g<span class=\"_ _0\"></span>ross carrying amount of the deb<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span><span class=\"ws7\"> <span class=\"ws166\">instrument on initial<span class=\"_ _0\"></span> recognition. <span class=\"_ _0\"></span></span> </span>The amortised cost of a<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset is the amount a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> which <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he fina<span class=\"_ _0\"></span>ncial asset is measured at initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition minus the principal<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epayments, plus the cumulative amortization using the effective interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method <span class=\"_ _0\"></span>of any difference between that ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al amount and the maturity amount, adjusted for any l<span class=\"_ _0\"></span>oss allowan<span class=\"_ _0\"></span>ce.<span class=\"_ _6\"></span> On the o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her hand, the gross carrying amount<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset is the amortised cost of a fina<span class=\"_ _0\"></span>ncial asset before adjusting for anyloss all<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ance.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>Derecogn<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>tion of financial assets <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group de<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnises a fina<span class=\"_ _0\"></span>ncial asset only w<span class=\"_ _0\"></span>hen thecontractual rights to<span class=\"_ _0\"></span> the cash flow<span class=\"_ _0\"></span>s from the<span class=\"_ _0\"></span> asset expire orwhen i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> transfers the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset and substantially all<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>herisks and rewards of<span class=\"_ _0\"></span> ownership of the asset<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>another party.If the Group<span class=\"_ _0\"></span> neither transfer<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> nor retains <span class=\"_ _0\"></span>substant<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly all therisks and rewards of ownership and continu<span class=\"_ _0\"></span>es t<span class=\"_ _6\"></span>o control thetransf<span class=\"_ _a\"></span>erred asset, <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group recognises its retained interest inthe asset and<span class=\"_ _0\"></span> an associated<span class=\"_ _0\"></span> liability for a<span class=\"_ _0\"></span>mount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> it may haveto pay. If the Group retains substantially all<span class=\"_ _0\"></span> the risks andrewards of ow<span class=\"_ _0\"></span>nership of a<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ransferred<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset, theGroup continues to <span class=\"_ _0\"></span>recognise the financi<span class=\"_ _0\"></span>al asset and alsorecognises a col<span class=\"_ _0\"></span>later<span class=\"_ _a\"></span>alised borrowing for the proceedsreceived. On derecognition of a financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> measured at amortisedcost, the difference between <span class=\"_ _0\"></span><span class=\"ls156 ws194\">a) <span class=\"_ _4\"></span></span>the asset\u2019s carrying amountand <span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>the sum of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> consideration received and <span class=\"_ _0\"></span>receivableis recognised<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it or loss. In addition, on derecognition ofan investment i<span class=\"_ _0\"></span>n equity instru<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent w<span class=\"_ _0\"></span>hich the Group ha<span class=\"_ _0\"></span>selected on initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition to measure at FVTOCI,<span class=\"_ _a\"></span> thecumulative gain or loss previ<span class=\"_ _0\"></span>ously accumulated in theinvestment\u2019s revaluation reserve is no<span class=\"_ _0\"></span>t reclassified to profit orloss. Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s<span class=\"ls7\"> </span>All<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nanc<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al liabilities of the Group are subsequently measuredat amortised cost using <span class=\"_ _0\"></span>the effective interest method. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group derecogni<span class=\"_ _0\"></span>ses f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al liabilities when, and onlywhen, the Group\u2019s ob<span class=\"_ _0\"></span>ligations are discharged,<span class=\"_ _0\"></span> cancelled orthey expire. The<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erence be<span class=\"_ _0\"></span>tween the ca<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ryi<span class=\"_ _0\"></span>ng amount ofthe financial l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ility derecognised<span class=\"_ _0\"></span> and the consideration paidImpairmen<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> <span class=\"ws166\">of financial assets</span><span class=\"ff9c\"> </span></span>In relation to the impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment of financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s an expectedcredit loss model i<span class=\"_ _0\"></span>s app<span class=\"_ _6\"></span>li<span class=\"_ _0\"></span>ed. The expected credit loss moderequires the Group <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o acco<span class=\"_ _0\"></span>unt fo<span class=\"_ _0\"></span>r expect<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> losses andchanges in those expected credit losse<span class=\"_ _0\"></span>s at<span class=\"_ _6\"></span> ea<span class=\"_ _0\"></span>ch r<span class=\"_ _a\"></span>eportingdate to reflect changes in credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> risk si<span class=\"_ _0\"></span>nce initial recognition ofthe financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. Speci<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icall<span class=\"_ _0\"></span>y,<span class=\"_ _a\"></span> the following assets areinclud<span class=\"_ _0\"></span>ed <span class=\"_ _6\"></span>in the scope for impairment assess<span class=\"_ _0\"></span>ment f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> theGroup: 1) trade<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es; 2)<span class=\"_ _6\"></span> no<span class=\"_ _0\"></span>n<span class=\"ws7\">-</span>current receivab<span class=\"_ _0\"></span>les andloans to related par<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es; 3) cash and cash equi<span class=\"_ _0\"></span>valents.<span class=\"ws7\"> </span>IFRS 9 requires the Group to record expected cr<span class=\"_ _a\"></span>edit losses onall of its debt<span class=\"_ _0\"></span> securities, loans an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>rade<span class=\"_ _0\"></span> receivables, e<span class=\"_ _0\"></span>ither ona 12-month or lifetime<span class=\"_ _0\"></span> basis. The Group has<span class=\"_ _0\"></span> applied thesimpli<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed approach and records lifetime expected losses onall trade receivabl<span class=\"_ _0\"></span>es.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>IFRS 9 requires the Group to m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he l<span class=\"_ _0\"></span>oss allowance fora financial<span class=\"_ _0\"></span> instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> at an amount equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o t<span class=\"_ _0\"></span>he li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>etimeexpected credit losses if <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>sk on that fina<span class=\"_ _0\"></span>ncialinstrument has increased si<span class=\"_ _0\"></span>gnificantly since ini<span class=\"_ _0\"></span>tial recognition.On the other hand, i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the credit risk on a <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumenthas not increased signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icantly si<span class=\"_ _0\"></span>nce initial recogni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, theGroup is requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easure <span class=\"_ _0\"></span>the loss<span class=\"_ _0\"></span> allowance for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>tfinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument at an amount eq<span class=\"_ _0\"></span>ual to 12month expectedcredit losses. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>For long term <span class=\"_ _0\"></span>receivables IFRS 9 <span class=\"_ _0\"></span>pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>des a choi<span class=\"_ _0\"></span>ce t<span class=\"_ _a\"></span>omeasure expected credit losses applyi<span class=\"_ _0\"></span>ng lifetime or <span class=\"ls14d ws161\">a </span>general(3 stages of expected c<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edit loss assessment)<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>expected creditlosses model. The G<span class=\"_ _0\"></span>roup selected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> general model<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Al<span class=\"_ _0\"></span>l bankbalances are assessed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or expec<span class=\"_ _0\"></span>ted credit losses as<span class=\"_ _0\"></span> well. <span class=\"ws7\"> </span>and payable, i<span class=\"_ _0\"></span>nclud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng any non<span class=\"ws7\">-</span>cash assets transferred orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies assumed, is recognised<span class=\"_ _0\"></span> in profit or loss. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Receivables and p<span class=\"_ _0\"></span>ay<span class=\"_ _6\"></span>ables<span class=\"ws7\"> </span>The Group initially measures an amount receivable andpayable at fair value. For<span class=\"_ _0\"></span> the am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> receivables, thetransaction price is deemed to be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o the fair value<span class=\"_ _0\"></span>Subsequently, these amount receivables are carried atamortized cost using the effective <span class=\"_ _8\"> </span>interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method less an<span class=\"_ _0\"></span>yallowance for expected credit losse<span class=\"_ _0\"></span>s. For <span class=\"_ _4\"></span>amounts <span class=\"_ _8\"> </span>payable,the tr<span class=\"_ _a\"></span>ansaction price i<span class=\"_ _0\"></span>s deemed t<span class=\"_ _a\"></span>o be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the fair value.Subsequently, <span class=\"_ _c\"> </span><span class=\"ws15d\">these<span class=\"_ _0\"></span> amount payables<span class=\"_ _0\"></span></span> <span class=\"_ _c\"> </span>are car<span class=\"_ _0\"></span>ried atamortized cost using the effective interest me<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>hod. <span class=\"_ _4\"></span>Amou<span class=\"_ _0\"></span>ntsreceivable an<span class=\"_ _0\"></span>d payable in a currency other<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>han<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>funct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onalcurrency of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiary a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>evail<span class=\"_ _0\"></span>ingGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> <span class=\"ws166\">exchange rates on <span class=\"_ _0\"></span>the balance sheet date.<span class=\"_ _0\"></span></span> </span>Cash an<span class=\"_ _0\"></span>d cash equivalents<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents are measured at their a<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ortis<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> </span>value and i<span class=\"_ _0\"></span>nclude cash and deposi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>aturityof <span class=\"ls7 ws165\">less than <span class=\"_ _0\"></span><span class=\"ws166\">t<span class=\"_ _6\"></span>hree <span class=\"_ _0\"></span>months. Negative cash bal<span class=\"_ _0\"></span>ances are </span></span>recorded as liabi<span class=\"_ _0\"></span>liti<span class=\"_ _a\"></span>es.<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws7\">nvestments <span class=\"ws166\">and deposits<span class=\"_ _0\"></span></span> </span>Investm<span class=\"_ _a\"></span>ents are measured a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ir amortized value andinclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>short t<span class=\"_ _a\"></span>erm deposits with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>aturity of threemonths or <span class=\"ls14e ws164\">more<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>or other short-term monetary investments t<span class=\"_ _6\"></span>hatare readily convertible i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o a known amount o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> cash<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>han insi<span class=\"_ _0\"></span>gnifica<span class=\"_ _6\"></span>nt risk of change <span class=\"_ _0\"></span>in value.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Interest-<span class=\"_ _a\"></span><span class=\"ls155 ws18d\">beari<span class=\"_ _a\"></span>ng borrowi<span class=\"_ _a\"></span>ngs<span class=\"ls7 ws7\"> </span></span>Inter<span class=\"_ _a\"></span>est-bearing<span class=\"_ _0\"></span> bor<span class=\"_ _a\"></span>rowings are<span class=\"_ _0\"></span> measured at<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ortised costprice. <span class=\"_ _d\"> </span>Borrowings are ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly recogn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as proceedsreceived, net of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction cos<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s. Any di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ference betweencost and redemption value is <span class=\"_ _0\"></span>recognized in <span class=\"_ _0\"></span>the incomestatem<span class=\"_ _a\"></span>ent usi<span class=\"_ _0\"></span>ng the effective interest method.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Inventor<span class=\"_ _0\"></span>ies<span class=\"fs31 ls7 ws7\"> </span>Inventories are valued at the<span class=\"_ _0\"></span> lower of cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> or<span class=\"_ _0\"></span> net realizab<span class=\"_ _0\"></span>levalue. The stock <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nished goods incl<span class=\"_ _0\"></span>ude biological assets measur<span class=\"_ _a\"></span>edat fair value less cost of sale at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> date of harvest whichinclud<span class=\"_ _0\"></span>es pr<span class=\"_ _a\"></span>oduction costs. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Inventories are written down on<span class=\"_ _0\"></span> a case<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>by-case ba<span class=\"_ _0\"></span>sis if t<span class=\"_ _a\"></span>heestimated net <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value decl<span class=\"_ _0\"></span>ines below the carryingamount of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inventories. Net<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value is theestimated selling<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>ice less <span class=\"_ _0\"></span>the estimated costs<span class=\"_ _0\"></span> necessary tomake the sale. When the reason for a write<span class=\"ws7\">-</span>down of theinventories has ceased<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>, the<span class=\"_ _0\"></span> write<span class=\"ws7\">-</span>down is reversed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Assets <span class=\"_ _0\"></span>h<span class=\"_ _a\"></span>el<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> for s<span class=\"_ _0\"></span>ale<span class=\"ls7 ws7\"> </span>The Group classifies non<span class=\"_ _0\"></span>-cur<span class=\"_ _a\"></span>rent assets and dispo<span class=\"_ _0\"></span>sal groupsas held fo<span class=\"_ _0\"></span>r sale i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rying amounts w<span class=\"_ _0\"></span>ill be recoveredprincipally through a sale <span class=\"_ _0\"></span>transaction rather than th<span class=\"_ _0\"></span>roughcontinuing use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>current<span class=\"_ _a\"></span> assets and disposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oupsclassified<span class=\"_ _0\"></span> as asset<span class=\"_ _a\"></span>s held fo<span class=\"_ _0\"></span>r sale are measu<span class=\"_ _0\"></span>red at the l<span class=\"_ _0\"></span>ower oftheir carrying amount and fair value<span class=\"_ _0\"></span> less costs to sel<span class=\"_ _0\"></span>l. Costs t<span class=\"_ _6\"></span>osell are the<span class=\"_ _0\"></span> incremental costs<span class=\"_ _0\"></span> directly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> thedisposal<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> an asset (disposal group<span class=\"_ _0\"></span><span class=\"ws7\">-</span>,<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>ud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng f<span class=\"_ _a\"></span>inance costsand income tax expenses<span class=\"ws7\">)<span class=\"ls15b ws1a8\">. </span> </span>The criteria <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _0\"></span>e classification is regarded<span class=\"_ _0\"></span> as metonly whe<span class=\"_ _0\"></span>n the sale is highl<span class=\"_ _0\"></span>y probable, and the<span class=\"_ _0\"></span> asset ordisposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup is available for immediate sale i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>its presentcondition. <span class=\"_ _30\"> </span>Actions required to complete the sale shoul<span class=\"_ _0\"></span>dindicate that it i<span class=\"_ _0\"></span>s unli<span class=\"_ _0\"></span>kely that significant changes<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the sal<span class=\"_ _0\"></span>ewill be made or that the decisi<span class=\"_ _0\"></span>on to <span class=\"_ _0\"></span>sell will <span class=\"_ _0\"></span>be withdrawn.Management must be com<span class=\"_ _0\"></span>mitt<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>sell the assetand the sale expected<span class=\"_ _0\"></span> to be completed<span class=\"_ _0\"></span> within one year <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>omthe date of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> classification.<span class=\"ws7\"> </span>PP&amp;E<span class=\"_ _0\"></span> and intangible assets are not depreciated or amor<span class=\"_ _0\"></span>tisedonce classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed as held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and liabil<span class=\"_ _0\"></span>ities classifiedas held for sale are presented separately as cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent items inthe statement of fina<span class=\"_ _0\"></span>ncial <span class=\"ws7\">position<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> </span>Discontinu<span class=\"_ _0\"></span>ed operat<span class=\"_ _a\"></span>ions are excl<span class=\"_ _0\"></span>uded f<span class=\"_ _a\"></span>rom the results<span class=\"_ _0\"></span> ocontinuing op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations and are p<span class=\"_ _0\"></span>resent<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>s a single amountas profit or loss af<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>er tax <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> discontinued operations i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>heconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed income statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Shar<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>ders\u2019 e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y<span class=\"ff9a ls7 ws7\"> </span>Divi<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ends of the parent company payable on ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>y sharesare only recognized<span class=\"_ _0\"></span> as a<span class=\"_ _0\"></span> liability in the<span class=\"_ _0\"></span> period in whi<span class=\"_ _0\"></span>ch t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>yare approved. Costs incurred wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h respect to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ssuance of equityinstruments are recorded as a <span class=\"_ _0\"></span>deduct<span class=\"_ _a\"></span>ion i<span class=\"_ _0\"></span>n equity.<span class=\"ws7\"> </span>Non<span class=\"ls7 ws7\">-<span class=\"ls153 ws17d\">c<span class=\"_ _0\"></span>ontrollin<span class=\"_ _0\"></span>g interest<span class=\"_ _0\"></span></span> </span>Non-controlli<span class=\"_ _0\"></span>ng <span class=\"_ _6\"></span>interests includ<span class=\"_ _0\"></span>e a proport<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of t<span class=\"_ _6\"></span>he fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ueof identifiable assets and liabilities reco<span class=\"_ _0\"></span>gnized uponacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of a subsidi<span class=\"_ _0\"></span>ary,<span class=\"_ _6\"></span> toge<span class=\"_ _0\"></span>ther with the<span class=\"_ _0\"></span> appropr<span class=\"_ _a\"></span>iateproportion of subsequent profits an<span class=\"_ _0\"></span>d losses. <span class=\"ws7\"> </span>In the income stat<span class=\"_ _a\"></span>emen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the minority share in the company\u2019<span class=\"_ _0\"></span>sprofit or loss i<span class=\"_ _0\"></span>s separ<span class=\"_ _a\"></span>ated from the consol<span class=\"_ _0\"></span>idated result of theGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\">. </span>Tr<span class=\"_ _0\"></span>easury shares<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Own equity instruments that are reacquired (treasury shares)are recognised at cost and deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>rom equity<span class=\"_ _0\"></span>. No gain orloss is recogni<span class=\"_ _0\"></span>sed in profit or loss on the purchase, sale, issueor cancellation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the Group\u2019s ow<span class=\"_ _0\"></span>n eq<span class=\"_ _6\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>uments<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Anydifference between the carrying amount and theconsideration, if <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eissued, is<span class=\"_ _0\"></span> recognised in <span class=\"_ _0\"></span>the share<span class=\"_ _0\"></span> premium.Provisions Provision<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e recognized w<span class=\"_ _0\"></span>hen t<span class=\"_ _a\"></span>he Group <span class=\"_ _6\"></span>has a<span class=\"_ _0\"></span> present<span class=\"_ _a\"></span> legalor construct<span class=\"_ _a\"></span>ive obl<span class=\"_ _0\"></span>igation as a result of past events, when it isprobable that an outflow of resources will be required to settlethe obligation<span class=\"_ _0\"></span> an<span class=\"_ _6\"></span>d whe<span class=\"_ _0\"></span>n a<span class=\"_ _6\"></span> reli<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>le <span class=\"_ _0\"></span>est<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mat<span class=\"_ _6\"></span>e of the amount canbe made. <span class=\"ws7\"> </span>Pens<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er pos<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-<span class=\"ls153 ws17d\">empl<span class=\"_ _0\"></span>oyment</span> </span>be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"ls7 ws7\"> </span>Group companies <span class=\"_ _0\"></span>have various pensi<span class=\"_ _0\"></span>on schemes inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the l<span class=\"_ _0\"></span>ocal condition<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>and practices in thecountries they operate in. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>1. <span class=\"ls7 ws166\">Defined benefit plans<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>The defined bene<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans are generally un<span class=\"ws7\">-</span>funded but fullyprovisioned<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or usi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>he \u2018projected unit credit\u2019- <span class=\"_ _0\"></span>method. Thisprovision represents the present<span class=\"_ _0\"></span> value of the<span class=\"_ _0\"></span> defined benefitobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. The actuar<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span> gains and losses<span class=\"_ _0\"></span> are recognized i<span class=\"_ _0\"></span>nthe<span class=\"_ _0\"></span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7\"> <span class=\"_ _a\"></span><span class=\"ws165\">Comprehensive Income<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>2. <span class=\"ls155 ws18d\">Defi<span class=\"_ _6\"></span>ned contributi<span class=\"_ _a\"></span>on plans<span class=\"ls7 ws7\"> </span></span>The <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>pays contr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>butions to publicly or privatelyadministered insurance pl<span class=\"_ _0\"></span>ans. Since the <span class=\"ws7\">Group <span class=\"_ _0\"></span></span>is ob<span class=\"_ _0\"></span>liged tomake additional<span class=\"_ _0\"></span> payment<span class=\"_ _6\"></span>s i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the average return on t<span class=\"_ _a\"></span>heemployer\u2019s contribution and on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>e employees\u2019 contributionsis not<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span>tai<span class=\"_ _0\"></span>ned, those pl<span class=\"_ _0\"></span>ans should be<span class=\"_ _0\"></span> treated as <span class=\"_ _0\"></span>\u201cdef<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nedbenefit plans\u201d in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _a\"></span>AS 19.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>Share base<span class=\"_ _0\"></span>d payment<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock option plans exi<span class=\"_ _0\"></span>st within the<span class=\"_ _0\"></span> SIPEF group<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> gi<span class=\"_ _0\"></span>vingbeneficiaries<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the right<span class=\"_ _0\"></span> to buy<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF sha<span class=\"_ _0\"></span>res at<span class=\"_ _0\"></span> a predefinedprice. This price i<span class=\"_ _0\"></span>s determined a<span class=\"_ _0\"></span>t the time<span class=\"_ _0\"></span> when the optionsare granted and it is based on the ma<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ket price or the intrinsi<span class=\"_ _0\"></span>cvalue. The performance of the beneficiary is measured (at themoment of granting) on the<span class=\"_ _0\"></span> basis of the fair value o<span class=\"_ _0\"></span>f thegranted options and warrants and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized in profit and <span class=\"_ _0\"></span>losswhen the services are rendered<span class=\"_ _0\"></span> during the vesting peri<span class=\"_ _0\"></span>od.<span class=\"ws7\"> </span>Revenue r<span class=\"_ _0\"></span>ecognitio<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\"> </span>Th<span class=\"_ _0\"></span>e SIP<span class=\"_ _0\"></span>EF group<span class=\"_ _a\"></span>\u2019s core activity is the sal<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>of goods. SIPEFgroup recognises revenue at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>oment the<span class=\"_ _0\"></span> contr<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span> over theasset is transferred to the customer. The goods sol<span class=\"_ _0\"></span>d ar<span class=\"_ _a\"></span>etransport<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by ship and<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognized as <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eve<span class=\"_ _0\"></span>nue as soon as<span class=\"_ _0\"></span> thegoods are loaded onto the <span class=\"_ _0\"></span>ship. Reve<span class=\"_ _0\"></span>nue recognition occursat the moment whe<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goods are loade<span class=\"_ _0\"></span>d ont<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he shi<span class=\"_ _0\"></span>p.Revenue i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded at this po<span class=\"_ _0\"></span>int in time for all contrac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s w<span class=\"_ _0\"></span>ithinthe<span class=\"_ _a\"></span> SIPEF group. The payment terms depend on the deliveryterms of the contract and can vary be<span class=\"_ _0\"></span>tween<span class=\"ws7\"> </span>pr<span class=\"_ _a\"></span>epayment, cashagainst documents and 45 days af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er hand<span class=\"_ _0\"></span>over of the bil<span class=\"_ _0\"></span>l oflading<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>el<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>veries are at a <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed price. For<span class=\"_ _0\"></span> each contract thereis only on<span class=\"_ _0\"></span>e performance obli<span class=\"_ _0\"></span>gation which needs to<span class=\"_ _0\"></span> be fulfil<span class=\"_ _0\"></span>ledthe delivery of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goods.<span class=\"ws7\"> </span>The Group has<span class=\"_ _0\"></span> no material i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>emental<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> of obtaini<span class=\"_ _0\"></span>ng acontract which <span class=\"_ _0\"></span>would <span class=\"ls14f ws170\">fu<span class=\"_ _0\"></span>lfil<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>the<span class=\"_ _0\"></span> capitalization criteria as<span class=\"_ _0\"></span> definedby IFRS 15. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Cost of sal<span class=\"_ _0\"></span>es<span class=\"ls7 ws7\"> </span>Cost of sales incl<span class=\"_ _0\"></span>udes all costs associated with harvesttransf<span class=\"_ _a\"></span>ormation an<span class=\"_ _0\"></span>d transport<span class=\"_ _a\"></span>. Purchases are <span class=\"_ _0\"></span>recognized netof cash discounts and other suppli<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> discounts andallowances.  G<span class=\"ls153\">eneral a<span class=\"_ _0\"></span>nd adminis<span class=\"_ _0\"></span>trativ<span class=\"_ _0\"></span>e expenses <span class=\"_ _0\"></span></span> General and administrative expenses incl<span class=\"_ _0\"></span>ude expenses of themarketing and financial<span class=\"_ _0\"></span> depart<span class=\"_ _6\"></span>ment and general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagementexpenses. Income t<span class=\"_ _0\"></span>axes<span class=\"ls7 ws7\"> </span>Income tax on t<span class=\"_ _a\"></span>he pro<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss for the year comprises currenand deferred tax. Income <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax <span class=\"_ _0\"></span>is recognized<span class=\"_ _0\"></span> in the income <span class=\"_ _0\"></span><span class=\"ws7\"> </span>statem<span class=\"_ _a\"></span>ent exce<span class=\"_ _0\"></span>pt<span class=\"_ _6\"></span> to<span class=\"_ _0\"></span> the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> that it relates <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>item<span class=\"_ _a\"></span>srecognized di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ectly to equi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, i<span class=\"_ _0\"></span>n which <span class=\"_ _0\"></span>case it is <span class=\"_ _0\"></span>recognized inequity. Curren<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> tax<span class=\"_ _0\"></span> is the expected tax payabl<span class=\"_ _0\"></span>e on t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>axable i<span class=\"_ _0\"></span>ncomefor the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span>, usi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> enacted or subs<span class=\"_ _0\"></span>tantially enactedat the balan<span class=\"_ _0\"></span>ce sheet date, and any<span class=\"_ _0\"></span> adjustment to tax<span class=\"_ _0\"></span> payablein respect of previou<span class=\"_ _0\"></span>s year<span class=\"_ _a\"></span>s.<span class=\"ws7\"> </span>Deferred tax liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies and assets are recogni<span class=\"_ _0\"></span>zed fotemporar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erences<span class=\"_ _0\"></span> between <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> car<span class=\"_ _a\"></span>rying a<span class=\"_ _0\"></span>mount in thebalance sheet and the tax bases of assets and liabilities andare subsequently adj<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o reflect changes i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>atesexpected to be<span class=\"_ _0\"></span> in e<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fect when<span class=\"_ _0\"></span> the te<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porary di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferencesreverse. Deferred tax assets are incl<span class=\"_ _0\"></span>uded in the consolidatedaccounts only to the extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their realization is probab<span class=\"_ _0\"></span>le inthe foreseeable future.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-5-3": {
   "value": "Busi<span class=\"_ _0\"></span>ness c<span class=\"_ _0\"></span>ombina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"ls7 ws7\"> </span>Business combi<span class=\"_ _0\"></span>nat<span class=\"_ _a\"></span>ions are accounted<span class=\"_ _0\"></span> for using <span class=\"_ _0\"></span>the purchasemethod. The cost of an acq<span class=\"_ _0\"></span>uisition is measured as <span class=\"_ _0\"></span>the f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>rvalue of the assets given, equity instruments issued, <span class=\"_\"> </span>andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies incu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>red or assumed at the da<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e o<span class=\"_ _0\"></span>f acquisition. Anycosts directly attr<span class=\"_ _a\"></span>ibutable to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inprofit or loss. The purchase consideration to<span class=\"_ _0\"></span> acquire abusiness, incl<span class=\"_ _0\"></span>udin<span class=\"_ _a\"></span>g contingent payments, is <span class=\"_ _0\"></span>recorded at fairvalue <span class=\"_ _6\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date, whil<span class=\"_ _0\"></span>e subsequent adjustments tothe contingent payments resulting <span class=\"_ _0\"></span>fr<span class=\"_ _a\"></span>om eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>fter theacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date are r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n prof<span class=\"_ _a\"></span>it or loss. <span class=\"_ _0\"></span>Non-controlling i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest are ini<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly measured either a<span class=\"_ _0\"></span>t fair value<span class=\"_ _0\"></span> orat the share o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _30\"> </span><span class=\"ls14d ws161\">non</span>-</span>con<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>ing participation in theidentifiabl<span class=\"_ _0\"></span>e net asset<span class=\"_ _6\"></span>s recogni<span class=\"_ _0\"></span>zed of t<span class=\"_ _a\"></span>he acquired company.The basis of measurement is selected on a <span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>ansaction<span class=\"_ _0\"></span>-<span class=\"ls14d ws161\">by</span>-transaction basis. All ac<span class=\"_ _6\"></span>quis<span class=\"_ _a\"></span>itio<span class=\"_ _6\"></span>n-related costs, such asconsulting fees, are expensed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>If th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al accounting for a busi<span class=\"_ _0\"></span>ness combination isincomplete by the end of the financial year in w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ich thecombination occurs, SIPEF<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>group reports provisi<span class=\"_ _0\"></span>onal amountsfor the items for<span class=\"_ _0\"></span> which the accounting is i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>plete. T<span class=\"_ _0\"></span>hoseprovisional<span class=\"_ _0\"></span> amount<span class=\"_ _a\"></span>s are ad<span class=\"_ _0\"></span>justed during the measurementperiod (see paragraph below<span class=\"_ _0\"></span>),<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r additional asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies are recognised<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> reflect new i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>ormation obtaine<span class=\"_ _0\"></span>dabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date t<span class=\"_ _a\"></span>hat, if known,<span class=\"_ _0\"></span> would have affected theamounts recognised as of that<span class=\"_ _0\"></span> dat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>The measurement period i<span class=\"_ _0\"></span>s the pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod f<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>om the<span class=\"_ _0\"></span> acquisitiondate to t<span class=\"_ _a\"></span>he date SIPEF<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>group obtains compl<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>e informationabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date.<span class=\"_ _a\"></span> The <span class=\"_ _0\"></span>measurem<span class=\"_ _a\"></span>ent period<span class=\"_ _0\"></span> shall<span class=\"_ _0\"></span> not <span class=\"_ _8\"> </span>exceedone year from <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acq<span class=\"_ _0\"></span>uisition <span class=\"ws7\">date.<span class=\"_ _0\"></span> </span>Ste<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group\u2019s inte<span class=\"_ _0\"></span>rest<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> in subsidi<span class=\"_ _0\"></span>aries that do<span class=\"_ _0\"></span> notresult in a loss of control are accounted for as equitytransactions. The carrying amounts of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erestand the non<span class=\"ws7\">-contr</span>olling<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>interests are adjusted to reflect t<span class=\"_ _6\"></span>hechanges in thei<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ive interes<span class=\"_ _0\"></span>ts in the subsidi<span class=\"_ _0\"></span>aries. Anydifference between <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> amount by w<span class=\"_ _0\"></span>hich the non<span class=\"_ _0\"></span>-controllinginterests are adjusted and <span class=\"_ _0\"></span>the fair value<span class=\"_ _0\"></span> of the consi<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>ationpaid or received i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecogniz<span class=\"_ _0\"></span>ed directly in equity and attributedto owners of the co<span class=\"_ _0\"></span>mpany.<span class=\"ws7\"> </span>Where a business combina<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on is achieved i<span class=\"_ _0\"></span>n st<span class=\"_ _a\"></span>ages, theGroup\u2019s previously hel<span class=\"_ _0\"></span>d interest<span class=\"_ _a\"></span>s in the acqui<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> ent<span class=\"_ _a\"></span>ity areremeasured to f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value at the acquisition date (i.e. the datethe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Group <span class=\"_ _6\"></span>attains <span class=\"_ _0\"></span>cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> and the resulting gai<span class=\"_ _0\"></span>n or<span class=\"_ _a\"></span> loss, if any,is recognized<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> or loss. A<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ounts arisi<span class=\"_ _0\"></span>ng from interestsin the acquiree prior to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>date that havepreviously be<span class=\"_ _0\"></span>en r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n other comprehensive incomeare reclassified to profit or loss, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>such t<span class=\"_ _a\"></span>reatment wouldbe appropriate if <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hat interes<span class=\"_ _0\"></span>t were disposed of.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-5-4": {
   "value": "Busi<span class=\"_ _0\"></span>ness c<span class=\"_ _0\"></span>ombina<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"ls7 ws7\"> </span>Business combi<span class=\"_ _0\"></span>nat<span class=\"_ _a\"></span>ions are accounted<span class=\"_ _0\"></span> for using <span class=\"_ _0\"></span>the purchasemethod. The cost of an acq<span class=\"_ _0\"></span>uisition is measured as <span class=\"_ _0\"></span>the f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>rvalue of the assets given, equity instruments issued, <span class=\"_\"> </span>andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies incu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>red or assumed at the da<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e o<span class=\"_ _0\"></span>f acquisition. Anycosts directly attr<span class=\"_ _a\"></span>ibutable to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inprofit or loss. The purchase consideration to<span class=\"_ _0\"></span> acquire abusiness, incl<span class=\"_ _0\"></span>udin<span class=\"_ _a\"></span>g contingent payments, is <span class=\"_ _0\"></span>recorded at fairvalue <span class=\"_ _6\"></span>at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date, whil<span class=\"_ _0\"></span>e subsequent adjustments tothe contingent payments resulting <span class=\"_ _0\"></span>fr<span class=\"_ _a\"></span>om eve<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>fter theacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date are r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n prof<span class=\"_ _a\"></span>it or loss. <span class=\"_ _0\"></span>Non-controlling i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest are ini<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly measured either a<span class=\"_ _0\"></span>t fair value<span class=\"_ _0\"></span> orat the share o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _30\"> </span><span class=\"ls14d ws161\">non</span>-</span>con<span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>ing participation in theidentifiabl<span class=\"_ _0\"></span>e net asset<span class=\"_ _6\"></span>s recogni<span class=\"_ _0\"></span>zed of t<span class=\"_ _a\"></span>he acquired company.The basis of measurement is selected on a <span class=\"_ _0\"></span>tr<span class=\"_ _a\"></span>ansaction<span class=\"_ _0\"></span>-<span class=\"ls14d ws161\">by</span>-transaction basis. All ac<span class=\"_ _6\"></span>quis<span class=\"_ _a\"></span>itio<span class=\"_ _6\"></span>n-related costs, such asconsulting fees, are expensed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>If th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>al accounting for a busi<span class=\"_ _0\"></span>ness combination isincomplete by the end of the financial year in w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>ich thecombination occurs, SIPEF<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>group reports provisi<span class=\"_ _0\"></span>onal amountsfor the items for<span class=\"_ _0\"></span> which the accounting is i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>plete. T<span class=\"_ _0\"></span>hoseprovisional<span class=\"_ _0\"></span> amount<span class=\"_ _a\"></span>s are ad<span class=\"_ _0\"></span>justed during the measurementperiod (see paragraph below<span class=\"_ _0\"></span>),<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r additional asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d/<span class=\"_ _6\"></span>orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies are recognised<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> reflect new i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>ormation obtaine<span class=\"_ _0\"></span>dabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date t<span class=\"_ _a\"></span>hat, if known,<span class=\"_ _0\"></span> would have affected theamounts recognised as of that<span class=\"_ _0\"></span> dat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>The measurement period i<span class=\"_ _0\"></span>s the pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod f<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>om the<span class=\"_ _0\"></span> acquisitiondate to t<span class=\"_ _a\"></span>he date SIPEF<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>group obtains compl<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>e informationabout facts and<span class=\"_ _0\"></span> circumstances that<span class=\"_ _0\"></span> existed as of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>heacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date.<span class=\"_ _a\"></span> The <span class=\"_ _0\"></span>measurem<span class=\"_ _a\"></span>ent period<span class=\"_ _0\"></span> shall<span class=\"_ _0\"></span> not <span class=\"_ _8\"> </span>exceedone year from <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acq<span class=\"_ _0\"></span>uisition <span class=\"ws7\">date.<span class=\"_ _0\"></span> </span>Ste<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group\u2019s inte<span class=\"_ _0\"></span>rest<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> in subsidi<span class=\"_ _0\"></span>aries that do<span class=\"_ _0\"></span> notresult in a loss of control are accounted for as equitytransactions. The carrying amounts of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erestand the non<span class=\"ws7\">-contr</span>olling<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>interests are adjusted to reflect t<span class=\"_ _6\"></span>hechanges in thei<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ive interes<span class=\"_ _0\"></span>ts in the subsidi<span class=\"_ _0\"></span>aries. Anydifference between <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> amount by w<span class=\"_ _0\"></span>hich the non<span class=\"_ _0\"></span>-controllinginterests are adjusted and <span class=\"_ _0\"></span>the fair value<span class=\"_ _0\"></span> of the consi<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>ationpaid or received i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecogniz<span class=\"_ _0\"></span>ed directly in equity and attributedto owners of the co<span class=\"_ _0\"></span>mpany.<span class=\"ws7\"> </span>Where a business combina<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on is achieved i<span class=\"_ _0\"></span>n st<span class=\"_ _a\"></span>ages, theGroup\u2019s previously hel<span class=\"_ _0\"></span>d interest<span class=\"_ _a\"></span>s in the acqui<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> ent<span class=\"_ _a\"></span>ity areremeasured to f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value at the acquisition date (i.e. the datethe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Group <span class=\"_ _6\"></span>attains <span class=\"_ _0\"></span>cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> and the resulting gai<span class=\"_ _0\"></span>n or<span class=\"_ _a\"></span> loss, if any,is recognized<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> or loss. A<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ounts arisi<span class=\"_ _0\"></span>ng from interestsin the acquiree prior to the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>date that havepreviously be<span class=\"_ _0\"></span>en r<span class=\"_ _a\"></span>ecognized i<span class=\"_ _0\"></span>n other comprehensive incomeare reclassified to profit or loss, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>such t<span class=\"_ _a\"></span>reatment wouldbe appropriate if <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hat interes<span class=\"_ _0\"></span>t were disposed of.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Goodw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Goodwill represents the excess of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he cost of <span class=\"_ _0\"></span>the businesscombination over the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest in <span class=\"_ _0\"></span>the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value ofthe identifiable <span class=\"_ _0\"></span>asset<span class=\"_ _6\"></span>s, li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lities <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ilitiesacquired in <span class=\"_ _0\"></span>a business combination. Goodwill is no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> amortizedbut reviewed for impairment at least annually. For the purposeof testing goodw<span class=\"_ _0\"></span>ill for impairment, goodwi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> is allocated tooperating companies w<span class=\"_ _0\"></span>hic<span class=\"_ _6\"></span>h i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level at which thegoodwill<span class=\"_ _0\"></span> is monitored for internal <span class=\"_ _0\"></span>management purposes<span class=\"_ _0\"></span> (i.e.cash flow <span class=\"_ _7\"> </span>gene<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ating <span class=\"_ _7\"> </span>unit). Any impairment is immediatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income statement and<span class=\"_ _0\"></span> is not subsequentlyreversed. Negative good<span class=\"_ _0\"></span>w<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epresents the excess of the <span class=\"_ _0\"></span>Group\u2019sinterest in the fair value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the net identifiable assets acqui<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edover the cost o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. Negative goodw<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l is i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>iatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income stat<span class=\"_ _6\"></span>emen<span class=\"_ _0\"></span>t.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-6-2": {
   "value": "Cons<span class=\"_ _a\"></span>olidation principles<span class=\"_ _0\"></span> Subsi<span class=\"ls14f ws170\">diarie<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span></span>Subsidiaries are those enterprises controlled by the company.An investor controls an investee i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d only if the investor hasall of the following el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s, in accordance with IFRS 10:\u2022 <span class=\"_ _81\"> </span>Power over the investee, i.e. the investor has exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ingrig<span class=\"_ _0\"></span>hts t<span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> give i<span class=\"_ _0\"></span>t the abil<span class=\"_ _0\"></span>ity t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> direct<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> relevant activities\u2022 <span class=\"_ _81\"> </span>Exposure, or r<span class=\"_ _a\"></span>ights, to variabl<span class=\"_ _0\"></span>e r<span class=\"_ _a\"></span>eturns from itsinvolvement wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h the investee;<span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> </span>\u2022 <span class=\"_ _81\"> </span>The abili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y to use its pow<span class=\"_ _0\"></span>er over the i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> affect theamount of the investor\u2019s <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eturns.<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents of subsidiaries are i<span class=\"_ _0\"></span>ncluded in theconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial statements f<span class=\"_ _6\"></span>rom<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he date that controleffect<span class=\"_ _a\"></span>ively commences un<span class=\"_ _0\"></span>til the date that<span class=\"_ _0\"></span> cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span> effectivelyceases (or a date nearby)<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Associates<span class=\"ff9c\"> </span>Associates are those enterprises in which the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _7\"> </span>hassignifican<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>luence, but not control, over<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financial<span class=\"_ _0\"></span> andoperating poli<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ies. The consol<span class=\"_ _0\"></span>idat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial statementsinclud<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _a\"></span>roup's share of the total recognized<span class=\"_ _0\"></span> gains andlosses of associates on an eq<span class=\"_ _0\"></span>uity accounting basis, fr<span class=\"_ _a\"></span>om theda<span class=\"_ _0\"></span>te t<span class=\"_ _a\"></span>hat si<span class=\"_ _0\"></span>gnificant influence effectively commences until<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hedate that signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant influence effectively ceases <span class=\"_ _0\"></span>(or a datenearby). When the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup\u2019s share o<span class=\"_ _0\"></span>f losses exceeds thecarrying amount of t<span class=\"_ _a\"></span>he associate, the carrying amount isreduced to nil and recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of further losses is di<span class=\"_ _0\"></span>scontinuedexcept to <span class=\"_ _0\"></span>the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>that the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions i<span class=\"_ _0\"></span>nrespect of the associate<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Joint ventures<span class=\"ws7\"> </span>Joint ventures are those<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>enterprises over who<span class=\"_ _0\"></span>se act<span class=\"_ _a\"></span>ivities theGroup has joint control, establi<span class=\"_ _0\"></span>shed by contractual agreement.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements incl<span class=\"_ _0\"></span>ude the <span class=\"_ _0\"></span>Group'sshare of the total<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized gains and l<span class=\"_ _0\"></span>osses of joint ventureson an equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y accoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng basis, from the date<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t significantinfluence effectively commences un<span class=\"_ _0\"></span>til the date that s<span class=\"_ _0\"></span>ignificantinfluence effectively ceases (or a<span class=\"_ _0\"></span> date nearby). <span class=\"ws7\"> </span>When the <span class=\"ws7\">G</span>roup\u2019s share of losses exceeds the ca<span class=\"_ _0\"></span>rr<span class=\"_ _6\"></span>yi<span class=\"_ _0\"></span>ngamount of t<span class=\"_ _a\"></span>he joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> venture, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> carrying amount is reduced tonil an<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ecognition of<span class=\"_ _0\"></span> further losses i<span class=\"_ _0\"></span>s discontinued except tothe extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span><span class=\"ls14f ws18a\">t the </span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gations in respectof the joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures.<span class=\"ws7\"> </span>Transactions eliminated on conso<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>idation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>All int<span class=\"_ _6\"></span>ra-group balances and transactions, and any unrealizedgains arisi<span class=\"_ _0\"></span>ng on intra<span class=\"ws7\">-</span>group tr<span class=\"_ _a\"></span>ansactions, are el<span class=\"_ _0\"></span>iminated forcompanies included usi<span class=\"_ _0\"></span>ng the f<span class=\"_ _a\"></span>ull<span class=\"_ _0\"></span> co<span class=\"_ _6\"></span>nsolidation method inpreparing the consoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>atements.<span class=\"ws7\"> </span>Unreali<span class=\"_ _0\"></span>zed losses are eliminated i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e way asunrealized<span class=\"_ _0\"></span> gai<span class=\"_ _6\"></span>ns exce<span class=\"_ _0\"></span>pt<span class=\"_ _a\"></span> that they are only eli<span class=\"_ _0\"></span>minated t<span class=\"_ _a\"></span>o theextent that there is no evi<span class=\"_ _0\"></span>dence of impairment.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-6-4": {
   "value": "Cons<span class=\"_ _a\"></span>olidation principles<span class=\"_ _0\"></span> Subsi<span class=\"ls14f ws170\">diarie<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span></span>Subsidiaries are those enterprises controlled by the company.An investor controls an investee i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d only if the investor hasall of the following el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s, in accordance with IFRS 10:\u2022 <span class=\"_ _81\"> </span>Power over the investee, i.e. the investor has exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ingrig<span class=\"_ _0\"></span>hts t<span class=\"_ _a\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> give i<span class=\"_ _0\"></span>t the abil<span class=\"_ _0\"></span>ity t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> direct<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> relevant activities\u2022 <span class=\"_ _81\"> </span>Exposure, or r<span class=\"_ _a\"></span>ights, to variabl<span class=\"_ _0\"></span>e r<span class=\"_ _a\"></span>eturns from itsinvolvement wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h the investee;<span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> </span>\u2022 <span class=\"_ _81\"> </span>The abili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y to use its pow<span class=\"_ _0\"></span>er over the i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> affect theamount of the investor\u2019s <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eturns.<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents of subsidiaries are i<span class=\"_ _0\"></span>ncluded in theconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial statements f<span class=\"_ _6\"></span>rom<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he date that controleffect<span class=\"_ _a\"></span>ively commences un<span class=\"_ _0\"></span>til the date that<span class=\"_ _0\"></span> cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span> effectivelyceases (or a date nearby)<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-7-4": {
   "value": "Associates<span class=\"ff9c\"> </span>Associates are those enterprises in which the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _7\"> </span>hassignifican<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>luence, but not control, over<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financial<span class=\"_ _0\"></span> andoperating poli<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ies. The consol<span class=\"_ _0\"></span>idat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial statementsinclud<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _a\"></span>roup's share of the total recognized<span class=\"_ _0\"></span> gains andlosses of associates on an eq<span class=\"_ _0\"></span>uity accounting basis, fr<span class=\"_ _a\"></span>om theda<span class=\"_ _0\"></span>te t<span class=\"_ _a\"></span>hat si<span class=\"_ _0\"></span>gnificant influence effectively commences until<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hedate that signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant influence effectively ceases <span class=\"_ _0\"></span>(or a datenearby). When the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup\u2019s share o<span class=\"_ _0\"></span>f losses exceeds thecarrying amount of t<span class=\"_ _a\"></span>he associate, the carrying amount isreduced to nil and recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of further losses is di<span class=\"_ _0\"></span>scontinuedexcept to <span class=\"_ _0\"></span>the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>that the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions i<span class=\"_ _0\"></span>nrespect of the associate<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-7-5": {
   "value": "Associates<span class=\"ff9c\"> </span>Associates are those enterprises in which the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _7\"> </span>hassignifican<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>luence, but not control, over<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financial<span class=\"_ _0\"></span> andoperating poli<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>ies. The consol<span class=\"_ _0\"></span>idat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial statementsinclud<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _a\"></span>roup's share of the total recognized<span class=\"_ _0\"></span> gains andlosses of associates on an eq<span class=\"_ _0\"></span>uity accounting basis, fr<span class=\"_ _a\"></span>om theda<span class=\"_ _0\"></span>te t<span class=\"_ _a\"></span>hat si<span class=\"_ _0\"></span>gnificant influence effectively commences until<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hedate that signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant influence effectively ceases <span class=\"_ _0\"></span>(or a datenearby). When the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup\u2019s share o<span class=\"_ _0\"></span>f losses exceeds thecarrying amount of t<span class=\"_ _a\"></span>he associate, the carrying amount isreduced to nil and recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of further losses is di<span class=\"_ _0\"></span>scontinuedexcept to <span class=\"_ _0\"></span>the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>that the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions i<span class=\"_ _0\"></span>nrespect of the associate<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Joint ventures<span class=\"ws7\"> </span>Joint ventures are those<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>enterprises over who<span class=\"_ _0\"></span>se act<span class=\"_ _a\"></span>ivities theGroup has joint control, establi<span class=\"_ _0\"></span>shed by contractual agreement.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements incl<span class=\"_ _0\"></span>ude the <span class=\"_ _0\"></span>Group'sshare of the total<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized gains and l<span class=\"_ _0\"></span>osses of joint ventureson an equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y accoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng basis, from the date<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t significantinfluence effectively commences un<span class=\"_ _0\"></span>til the date that s<span class=\"_ _0\"></span>ignificantinfluence effectively ceases (or a<span class=\"_ _0\"></span> date nearby). <span class=\"ws7\"> </span>When the <span class=\"ws7\">G</span>roup\u2019s share of losses exceeds the ca<span class=\"_ _0\"></span>rr<span class=\"_ _6\"></span>yi<span class=\"_ _0\"></span>ngamount of t<span class=\"_ _a\"></span>he joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> venture, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> carrying amount is reduced tonil an<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ecognition of<span class=\"_ _0\"></span> further losses i<span class=\"_ _0\"></span>s discontinued except tothe extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span><span class=\"ls14f ws18a\">t the </span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gations in respectof the joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-9-5": {
   "value": "Joint ventures<span class=\"ws7\"> </span>Joint ventures are those<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>enterprises over who<span class=\"_ _0\"></span>se act<span class=\"_ _a\"></span>ivities theGroup has joint control, establi<span class=\"_ _0\"></span>shed by contractual agreement.The consol<span class=\"_ _0\"></span>idated f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al stat<span class=\"_ _a\"></span>ements incl<span class=\"_ _0\"></span>ude the <span class=\"_ _0\"></span>Group'sshare of the total<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized gains and l<span class=\"_ _0\"></span>osses of joint ventureson an equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y accoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng basis, from the date<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t significantinfluence effectively commences un<span class=\"_ _0\"></span>til the date that s<span class=\"_ _0\"></span>ignificantinfluence effectively ceases (or a<span class=\"_ _0\"></span> date nearby). <span class=\"ws7\"> </span>When the <span class=\"ws7\">G</span>roup\u2019s share of losses exceeds the ca<span class=\"_ _0\"></span>rr<span class=\"_ _6\"></span>yi<span class=\"_ _0\"></span>ngamount of t<span class=\"_ _a\"></span>he joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> venture, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> carrying amount is reduced tonil an<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ecognition of<span class=\"_ _0\"></span> further losses i<span class=\"_ _0\"></span>s discontinued except tothe extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span><span class=\"ls14f ws18a\">t the </span><span class=\"ws7\">G</span>roup has i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed obli<span class=\"_ _0\"></span>gations in respectof the joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-10-4": {
   "value": "Transactions eliminated on conso<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>idation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>All int<span class=\"_ _6\"></span>ra-group balances and transactions, and any unrealizedgains arisi<span class=\"_ _0\"></span>ng on intra<span class=\"ws7\">-</span>group tr<span class=\"_ _a\"></span>ansactions, are el<span class=\"_ _0\"></span>iminated forcompanies included usi<span class=\"_ _0\"></span>ng the f<span class=\"_ _a\"></span>ull<span class=\"_ _0\"></span> co<span class=\"_ _6\"></span>nsolidation method inpreparing the consoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>atements.<span class=\"ws7\"> </span>Unreali<span class=\"_ _0\"></span>zed losses are eliminated i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e way asunrealized<span class=\"_ _0\"></span> gai<span class=\"_ _6\"></span>ns exce<span class=\"_ _0\"></span>pt<span class=\"_ _a\"></span> that they are only eli<span class=\"_ _0\"></span>minated t<span class=\"_ _a\"></span>o theextent that there is no evi<span class=\"_ _0\"></span>dence of impairment.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-11-3": {
   "value": "Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy<span class=\"ls7 ws7\"> </span>Foreign currency transactions<span class=\"ws7\"> </span>In the individual<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup companies, tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sactions in foreigncurrencies are t<span class=\"_ _0\"></span>ranslated at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exchange ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>uling<span class=\"_ _0\"></span> at thedate of the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransaction<span class=\"_ _0\"></span>. Monetar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> asset<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>ilitiesdenominated in foreign currencies are<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _4f\"> </span></span>translated a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>heexchange rate ruling at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he balan<span class=\"_ _0\"></span>ce sheet dat<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>. Foreignexchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences arising<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>ranslation are recognized<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>inthe income s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atemen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>. N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>monet<span class=\"_ _a\"></span>ary asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> and l<span class=\"_ _0\"></span>iabilitiesdenominated in foreign currencies are <span class=\"_ _0\"></span>translated at the forei<span class=\"_ _0\"></span>gnexchange rate ruling at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he date<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the transaction.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financial s<span class=\"ls155 ws18d\">tat<span class=\"_ _6\"></span>ements of foreign oper<span class=\"_ _6\"></span>ations<span class=\"ls7 ws7\"> </span></span>Functional<span class=\"_ _0\"></span> cur<span class=\"_ _6\"></span>rency: items incl<span class=\"_ _0\"></span>uded i<span class=\"_ _a\"></span>n financial statements ofeach entity in the Group <span class=\"_ _6\"></span>are<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easured using the currency <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>best reflects the economic substance o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> underlying eventsand circumstances relevant to that en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y (the functionalcurrency). <span class=\"_ _30\"> </span>Starting from 2007 <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he consoli<span class=\"_ _0\"></span>dated f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialstatem<span class=\"_ _a\"></span>ents are presented in <span class=\"_ _0\"></span>USD, this is the functionalcurrency of the maj<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ity of the <span class=\"_ _0\"></span><span class=\"ws7\">Group <span class=\"_ _a\"></span>companies.<span class=\"_ _0\"></span> </span>To consoli<span class=\"_ _0\"></span>date t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup <span class=\"_ _9\"> </span>and each o<span class=\"_ _0\"></span>f its subsidi<span class=\"_ _0\"></span>aries, t<span class=\"_ _a\"></span>hefinancial<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>atements<span class=\"_ _0\"></span> of the i<span class=\"_ _0\"></span>ndividual entities are <span class=\"_ _0\"></span>translated asfollows: \u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Assets and liabilities at the closi<span class=\"_ _0\"></span>ng rat<span class=\"_ _6\"></span>e;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span>I<span class=\"_ _a\"></span>ncome statements at the average exchange rate for theyear; \u2022 <span class=\"_ _81\"> </span>The components of shareholders\u2019 eq<span class=\"_ _0\"></span>uity at<span class=\"_ _a\"></span> the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oricalexchange rate.<span class=\"ws7\"> </span>Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences arising<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>om the t<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>slation of the netinvestment in foreign subsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ies, joi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> ven<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ures andassociated entities at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he year<span class=\"_ _0\"></span>-end exchange rate arerecorded as part of the sharehol<span class=\"_ _0\"></span>ders\u2019 equity under \u201ctranslationdifferences\u201d. When a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>reign entity is<span class=\"_ _0\"></span> sold, such exc<span class=\"_ _0\"></span>hangedifferences are recognized in the income s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atement as pa<span class=\"_ _0\"></span>rt ofthe gain or loss on sal<span class=\"_ _0\"></span>e.<span class=\"ws7\"> </span>Goodwill and fair val<span class=\"_ _0\"></span>ue adjustment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>ising on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onof a foreign entity are treated as loca<span class=\"_ _0\"></span>l curr<span class=\"_ _a\"></span>ency assets andliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies of the foreign en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y an<span class=\"_ _0\"></span>d<span class=\"ws7\"> </span>are translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he closi<span class=\"_ _0\"></span>ngrate. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-14-3": {
   "value": "Biolo<span class=\"_ _a\"></span>gical asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF group onl<span class=\"_ _0\"></span>y r<span class=\"_ _a\"></span>ecognizes a<span class=\"_ _0\"></span> biolog<span class=\"_ _0\"></span>ical asset or\u201cconsumable biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal asset\u201d when i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> controls the asset as aresult of past events, when it is probabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> futu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e economicbenefits associated wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>the asset will<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low to <span class=\"ls14f ws170\">the</span> SI<span class=\"_ _6\"></span>PEF groupand when the fair<span class=\"_ _0\"></span> value or cost of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset can be<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>edreliabl<span class=\"_ _0\"></span>y.<span class=\"_ _6\"></span> The biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> asset <span class=\"_ _6\"></span>of pal<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> oi<span class=\"_ _0\"></span>l is defined as the oi<span class=\"_ _0\"></span>l containedin the<span class=\"_ _0\"></span> palm fruit, so<span class=\"_ _0\"></span> that the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>air<span class=\"_ _0\"></span> value of<span class=\"_ _0\"></span> this distinct asset<span class=\"_ _0\"></span> canbe estimated reliabl<span class=\"_ _0\"></span>y.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF group has opted<span class=\"_ _0\"></span> to measure bi<span class=\"_ _0\"></span>ologi<span class=\"_ _0\"></span>ca<span class=\"_ _6\"></span>l <span class=\"_ _6\"></span>asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _6\"></span>of<span class=\"_ _0\"></span> rubberat fair value at the poi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f harvest in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S41.32 and no<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> measure i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _0\"></span> value as it grow<span class=\"_ _0\"></span>s less coststo sell in<span class=\"_ _0\"></span> accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span> IAS 41<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>10<span class=\"_ _0\"></span>c as it<span class=\"_ _0\"></span> is<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> opinion thatall pa<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ameters used in an<span class=\"_ _0\"></span>y alter<span class=\"_ _a\"></span>native <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>ement(fut<span class=\"_ _a\"></span>ure production<span class=\"_ _0\"></span>s,<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmination of the start o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the life cycle,cost allocation,\u2026) are clearly unrel<span class=\"_ _0\"></span>iable. As a con<span class=\"_ _0\"></span>sequenceall al<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ernative fair value measurements are also cons<span class=\"_ _0\"></span>ideredclearly unrel<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e.<span class=\"ws7\"> </span>The biol<span class=\"_ _0\"></span>ogical <span class=\"ws7\">assets <span class=\"_ _0\"></span></span>of bananas<span class=\"_ _0\"></span> <span class=\"ls156 ws194\">are<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>measured<span class=\"_ _0\"></span> at fair val<span class=\"_ _0\"></span>ueas it grows less costs to sell<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> taking<span class=\"_ _0\"></span> into account t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t all theparameters for the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value cal<span class=\"_ _0\"></span>culation are availabl<span class=\"_ _0\"></span>e andreliabl<span class=\"_ _0\"></span>e.<span class=\"_ _a\"></span>  A gain or l<span class=\"_ _0\"></span>oss ar<span class=\"_ _a\"></span>ising<span class=\"_ _0\"></span> on initial recognition of a bi<span class=\"_ _0\"></span>olog<span class=\"_ _a\"></span>ical asseat fair value<span class=\"_ _0\"></span> less estimated<span class=\"_ _0\"></span> point of sale cos<span class=\"_ _0\"></span>ts and <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>rom thechange in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue less estimated point of sale costs of abiol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> asset is included in net profit or loss i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod i<span class=\"_ _0\"></span>nwhich <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span> arises.<span class=\"ws7\"> </span>At th<span class=\"_ _0\"></span>e time of harvest, fresh frui<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> bunch<span class=\"_ _0\"></span>es,<span class=\"_ _a\"></span> rubbe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d bananasare measured at their fair value less <span class=\"_ _0\"></span>cost<span class=\"_ _6\"></span>s to sel<span class=\"_ _0\"></span>l andtransf<span class=\"_ _a\"></span>erred to<span class=\"_ _0\"></span> inventories. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-4": {
   "value": "Goodw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Goodwill represents the excess of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he cost of <span class=\"_ _0\"></span>the businesscombination over the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest in <span class=\"_ _0\"></span>the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value ofthe identifiable <span class=\"_ _0\"></span>asset<span class=\"_ _6\"></span>s, li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lities <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ilitiesacquired in <span class=\"_ _0\"></span>a business combination. Goodwill is no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> amortizedbut reviewed for impairment at least annually. For the purposeof testing goodw<span class=\"_ _0\"></span>ill for impairment, goodwi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> is allocated tooperating companies w<span class=\"_ _0\"></span>hic<span class=\"_ _6\"></span>h i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level at which thegoodwill<span class=\"_ _0\"></span> is monitored for internal <span class=\"_ _0\"></span>management purposes<span class=\"_ _0\"></span> (i.e.cash flow <span class=\"_ _7\"> </span>gene<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ating <span class=\"_ _7\"> </span>unit). Any impairment is immediatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income statement and<span class=\"_ _0\"></span> is not subsequentlyreversed. Negative good<span class=\"_ _0\"></span>w<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epresents the excess of the <span class=\"_ _0\"></span>Group\u2019sinterest in the fair value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the net identifiable assets acqui<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edover the cost o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. Negative goodw<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l is i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>iatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income stat<span class=\"_ _6\"></span>emen<span class=\"_ _0\"></span>t.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-5": {
   "value": "Goodw<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Goodwill represents the excess of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he cost of <span class=\"_ _0\"></span>the businesscombination over the<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>r<span class=\"_ _a\"></span>oup\u2019s i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest in <span class=\"_ _0\"></span>the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value ofthe identifiable <span class=\"_ _0\"></span>asset<span class=\"_ _6\"></span>s, li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lities <span class=\"_ _0\"></span>an<span class=\"_ _6\"></span>d contingen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ilitiesacquired in <span class=\"_ _0\"></span>a business combination. Goodwill is no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> amortizedbut reviewed for impairment at least annually. For the purposeof testing goodw<span class=\"_ _0\"></span>ill for impairment, goodwi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> is allocated tooperating companies w<span class=\"_ _0\"></span>hic<span class=\"_ _6\"></span>h i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level at which thegoodwill<span class=\"_ _0\"></span> is monitored for internal <span class=\"_ _0\"></span>management purposes<span class=\"_ _0\"></span> (i.e.cash flow <span class=\"_ _7\"> </span>gene<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ating <span class=\"_ _7\"> </span>unit). Any impairment is immediatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income statement and<span class=\"_ _0\"></span> is not subsequentlyreversed. Negative good<span class=\"_ _0\"></span>w<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epresents the excess of the <span class=\"_ _0\"></span>Group\u2019sinterest in the fair value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the net identifiable assets acqui<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edover the cost o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. Negative goodw<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l is i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>iatelyrecognized i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income stat<span class=\"_ _6\"></span>emen<span class=\"_ _0\"></span>t.<span class=\"ws7\"> </span>Inta<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Intangible assets incl<span class=\"_ _0\"></span>ude computer software<span class=\"_ _0\"></span> and variouslicenses. Intangibl<span class=\"_ _0\"></span>e asset<span class=\"_ _a\"></span>s are capitalized<span class=\"_ _0\"></span> and amor<span class=\"_ _a\"></span>tizedusing the straight<span class=\"ws7\">-</span>line method ove<span class=\"_ _0\"></span>r their useful l<span class=\"_ _0\"></span><span class=\"ls14f ws170\">ife. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-16-4": {
   "value": "Inta<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Intangible assets incl<span class=\"_ _0\"></span>ude computer software<span class=\"_ _0\"></span> and variouslicenses. Intangibl<span class=\"_ _0\"></span>e asset<span class=\"_ _a\"></span>s are capitalized<span class=\"_ _0\"></span> and amor<span class=\"_ _a\"></span>tizedusing the straight<span class=\"ws7\">-</span>line method ove<span class=\"_ _0\"></span>r their useful l<span class=\"_ _0\"></span><span class=\"ls14f ws170\">ife. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-17-3": {
   "value": "Pr<span class=\"_ _0\"></span>operty,<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Property, plant and equipment, including i<span class=\"_ _0\"></span>nvestm<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> propertyand bearer plants,<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>stated at<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulateddepreciation and an<span class=\"_ _0\"></span>y accum<span class=\"_ _a\"></span>ulated impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses.Borrowing costs attributable to the const<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>uction or<span class=\"_ _0\"></span> productionof qualifying asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are capi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>ized. Expenses <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or the<span class=\"_ _0\"></span> repair ofproperty, plant and<span class=\"_ _0\"></span> equipment are usuall<span class=\"_ _0\"></span>y charged agai<span class=\"_ _0\"></span>nstincome when i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed. <span class=\"ws7\"> </span>Property held for sale, if any, is stated a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the low<span class=\"_ _0\"></span>er ofamortized cost and fair value l<span class=\"_ _0\"></span>ess selli<span class=\"_ _0\"></span>ng charges.<span class=\"ws7\"> </span>In accordance with the amendments to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 16 and IAS 41,bearer plants are s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulated depreci<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onand any accumulated<span class=\"_ _0\"></span> impairment losses. <span class=\"_ _0\"></span>All costs rel<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng tothe maintenance of the bearer plants<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> includ<span class=\"_ _0\"></span>ing fert<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>lisation, i<span class=\"_ _0\"></span>scapitali<span class=\"_ _0\"></span>sed as lon<span class=\"_ _a\"></span>g as the bearer plants are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mature..Depreciation<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mences w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>en the bearer plants havebecome mature and<span class=\"_ _0\"></span> the produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of biol<span class=\"_ _0\"></span>ogical assets starts.Depreciation<span class=\"_ _0\"></span> is calculated using the str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>line<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ethodbased on the estima<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed u<span class=\"_ _0\"></span>sef<span class=\"_ _a\"></span>ul l<span class=\"_ _0\"></span>ives of the related asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Buil<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _2\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 30 yea<span class=\"_ _0\"></span>rs</span> Infr<span class=\"_ _a\"></span>astructure<span class=\"_ _0\"></span> <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 25 yea<span class=\"_ _0\"></span>rs</span> Installations and machine<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Vehicl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">3 to 20 years<span class=\"_ _0\"></span></span> Off<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce equipment and furniture<span class=\"_ _0\"></span> <span class=\"_ _f6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 10 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant and equi<span class=\"_ _0\"></span>pment <span class=\"_ _84\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">2 to 20 yea<span class=\"_ _0\"></span>rs</span> Bearer plants <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span>20 to 25<span class=\"_ _0\"></span> yearsLand is not amortized<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group presents the cost of<span class=\"ws7\"> <span class=\"_\"> </span></span>land rights as<span class=\"ws7\"> <span class=\"_\"> </span></span>a <span class=\"_ _0\"></span>part ofproperty,<span class=\"_ _a\"></span> plant<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>&amp; equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, consistently with practices in theindustry and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> guidance<span class=\"_ _0\"></span> in that<span class=\"_ _a\"></span> respect. In addition,The Group closely moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors the<span class=\"_ _0\"></span> situation of each lan<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>le interms of renew<span class=\"_ _0\"></span>al and only depreciates its lan<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ights if<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> isan indi<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion that the land title might not be renewed. <span class=\"_ _0\"></span>Therenewal costs of<span class=\"_ _0\"></span> land rights are also <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ecognized as l<span class=\"_ _0\"></span>and rightsand are amortized over <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>erm o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> renewal.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Leases<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Assets, represent<span class=\"_ _a\"></span>ing the right to use the underlying l<span class=\"_ _0\"></span>easedasset, are capitali<span class=\"_ _0\"></span>zed as property, pl<span class=\"_ _0\"></span>ant<span class=\"_ _a\"></span> and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent atcost, comprising the<span class=\"_ _0\"></span> amount of<span class=\"_ _0\"></span> the ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al measurement oflease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, any lease payments<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ade a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> before thecommencement date less any lease i<span class=\"_ _0\"></span>ncentives received, anyinitial direct costs and <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>estoration costs. T<span class=\"_ _0\"></span>he correspondinglease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies, representing the net present<span class=\"_ _0\"></span> value of the leasepayments, ar<span class=\"_ _a\"></span>e recognized as l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-</span>term<span class=\"_ _a\"></span> or current liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>iesdepending<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>he period in which they are due. Leased assetsand liab<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ities are recognized for all l<span class=\"_ _0\"></span>eases with a ter<span class=\"_ _0\"></span>m of morethan 12 months, unless the<span class=\"_ _0\"></span> underlying asset is of<span class=\"_ _0\"></span> low value. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>paym<span class=\"_ _a\"></span>ents are discounted using the l<span class=\"_ _0\"></span>essee<span class=\"_ _6\"></span>\u2019sincremental borrowing rate, being the rate that the lesseewould ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>o pa<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o borrow the funds necessary to obtain anasset of simil<span class=\"_ _0\"></span>ar value in a simil<span class=\"_ _0\"></span>ar economic environment wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hsimilar terms and conditions. The<span class=\"_ _0\"></span> interest rate impl<span class=\"_ _0\"></span>icit in thelease coul<span class=\"_ _0\"></span>d <span class=\"_ _6\"></span>not be determined. Al<span class=\"_ _0\"></span>l cash flo<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>s relating to theleases are incl<span class=\"_ _0\"></span>uded in the increase/decrease of the short <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ermor long term financial <span class=\"_ _8\"> </span>borrowings <span class=\"_ _8\"> </span>(f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancing act<span class=\"_ _a\"></span>ivities) i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>hecash flow statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Lease interest i<span class=\"_ _0\"></span>s charged <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement<span class=\"_ _0\"></span> as aninterest expense. <span class=\"ws7\"> </span>Leased assets are de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciated, usi<span class=\"_ _0\"></span>ng str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>linedepreciation over <span class=\"_ _0\"></span>the lease ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>, incl<span class=\"_ _0\"></span>uding the <span class=\"_ _0\"></span>period ofrenewable <span class=\"_ _0\"></span>opt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, in case it is probable that the option wil<span class=\"_ _0\"></span>l beexercised. Lessee accou<span class=\"_ _0\"></span>nti<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Due to the nature of <span class=\"ffa1 ws16c\">the Group\u2019s</span><span class=\"ws7\"> <span class=\"_ _84\"> </span></span>busine<span class=\"_ _0\"></span>ss whereby theoperations are pri<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arily <span class=\"_ _0\"></span>taking place in <span class=\"_ _0\"></span>relatively remoteareas, the Group owns most of the assets used. There<span class=\"_ _0\"></span>for<span class=\"_ _6\"></span>e,there is <span class=\"_ _6\"></span>onl<span class=\"_ _0\"></span>y a limited amount of<span class=\"_ _0\"></span> leases which qu<span class=\"_ _0\"></span>alify for<span class=\"_ _a\"></span> leaseaccounting. The three mai<span class=\"_ _0\"></span>n cat<span class=\"_ _a\"></span>egories consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>Office rental<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> most o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> office rentals are lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m </span></span>leases, the main areas<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagement action<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>r<span class=\"ws7\">equired:  </span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">D<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>ermining the lease <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>erm<span class=\"_ _0\"></span>;<span class=\"ws7\"> </span></span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>alcu<span class=\"_ _a\"></span>lating the incremental borrowi<span class=\"_ _0\"></span>ng r<span class=\"_ _a\"></span>ate.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Co<span class=\"_ _0\"></span>mpany cars<span class=\"ls7 ws7\"> </span>Company cars in Bel<span class=\"_ _0\"></span>gium meet t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> definition of a l<span class=\"_ _0\"></span>ease and therefor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> appr<span class=\"_ _a\"></span>oach as o<span class=\"_ _0\"></span>ff<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce rentals wi<span class=\"_ _0\"></span>ll be applied.Papua<span class=\"ls7 ws7\">-<span class=\"ls158 ws199\">New<span class=\"_ _0\"></span></span>-<span class=\"ls155 ws18d\">Gui<span class=\"_ _6\"></span>nea land ri<span class=\"_ _6\"></span>ghts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span></span>In the Group\u2019s <span class=\"ws166\">subsidiary Hargy Oil P<span class=\"_ _0\"></span>alms Ltd in Papua</span>-N<span class=\"_ _0\"></span>ew-Guinea, a part o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land rights include a <span class=\"_ _0\"></span>fixed annual rentalpayment for<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> usuf<span class=\"_ _a\"></span>ruct of the land, as well<span class=\"_ _0\"></span> as a variab<span class=\"_ _a\"></span>leroyalty depending on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> production level<span class=\"_ _0\"></span>s of the yearmeasured in tons FFB. <span class=\"_ _6\"></span>The annu<span class=\"_ _0\"></span>al fixed rental payment meet<span class=\"_ _6\"></span>sthe definition of a lease, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eb<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> lease term<span class=\"_ _a\"></span> of asset hasbeen determined<span class=\"_ _0\"></span> as the ave<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>age li<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>an of an<span class=\"_ _0\"></span> oil pa<span class=\"_ _0\"></span>lm (<span class=\"_ _a\"></span>25years).  Lessor accou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ing<span class=\"ws7\"> </span>The Group has no contracts t<span class=\"_ _a\"></span>hat coul<span class=\"_ _0\"></span>d lead to lessoraccounting.  Impair<span class=\"_ _0\"></span>ment of ass<span class=\"_ _0\"></span>ets<span class=\"ls7 ws7\"> </span>Property, plant and equipment<span class=\"ws7\"> <span class=\"_ _4\"></span></span>(incl<span class=\"_ _0\"></span>uding bearer plants) a<span class=\"_ _0\"></span>ndother non<span class=\"ws7\">-</span>current assets<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> impairment losseswhenever events o<span class=\"_ _0\"></span>r changes in ci<span class=\"_ _0\"></span>rcum<span class=\"_ _a\"></span>stances i<span class=\"_ _0\"></span>ndicate thatthe carrying amount may be higher than the recover<span class=\"_ _a\"></span>ableamount. An impairment loss is recognized for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount bywhich <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he carrying amount of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset exceeds itsrecoverable amount, which is the<span class=\"_ _0\"></span> higher of an asset\u2019s ne<span class=\"_ _0\"></span>tselling price and its val<span class=\"_ _0\"></span>ue i<span class=\"_ _6\"></span>n use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span> the purpose of assessingimpairment, assets are grouped <span class=\"_ _0\"></span>at the low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthere are separat<span class=\"_ _a\"></span>ely i<span class=\"_ _0\"></span>dent<span class=\"_ _a\"></span>ifiabl<span class=\"_ _0\"></span>e cash f<span class=\"_ _a\"></span>lows. If impairment isno longer j<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>uture periods du<span class=\"_ _0\"></span>e to a recovery in asse<span class=\"_ _0\"></span>ts\u2019fair value or value i<span class=\"_ _0\"></span>n<span class=\"ws7\"> </span>use, the impairment reserve<span class=\"_ _0\"></span> is reversed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-17-4": {
   "value": "Pr<span class=\"_ _0\"></span>operty,<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Property, plant and equipment, including i<span class=\"_ _0\"></span>nvestm<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> propertyand bearer plants,<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>stated at<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulateddepreciation and an<span class=\"_ _0\"></span>y accum<span class=\"_ _a\"></span>ulated impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses.Borrowing costs attributable to the const<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>uction or<span class=\"_ _0\"></span> productionof qualifying asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are capi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>ized. Expenses <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or the<span class=\"_ _0\"></span> repair ofproperty, plant and<span class=\"_ _0\"></span> equipment are usuall<span class=\"_ _0\"></span>y charged agai<span class=\"_ _0\"></span>nstincome when i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed. <span class=\"ws7\"> </span>Property held for sale, if any, is stated a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the low<span class=\"_ _0\"></span>er ofamortized cost and fair value l<span class=\"_ _0\"></span>ess selli<span class=\"_ _0\"></span>ng charges.<span class=\"ws7\"> </span>In accordance with the amendments to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 16 and IAS 41,bearer plants are s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulated depreci<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onand any accumulated<span class=\"_ _0\"></span> impairment losses. <span class=\"_ _0\"></span>All costs rel<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng tothe maintenance of the bearer plants<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> includ<span class=\"_ _0\"></span>ing fert<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>lisation, i<span class=\"_ _0\"></span>scapitali<span class=\"_ _0\"></span>sed as lon<span class=\"_ _a\"></span>g as the bearer plants are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mature..Depreciation<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mences w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>en the bearer plants havebecome mature and<span class=\"_ _0\"></span> the produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of biol<span class=\"_ _0\"></span>ogical assets starts.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-17-5": {
   "value": "Pr<span class=\"_ _0\"></span>operty,<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>and<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Property, plant and equipment, including i<span class=\"_ _0\"></span>nvestm<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> propertyand bearer plants,<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>stated at<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulateddepreciation and an<span class=\"_ _0\"></span>y accum<span class=\"_ _a\"></span>ulated impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses.Borrowing costs attributable to the const<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>uction or<span class=\"_ _0\"></span> productionof qualifying asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are capi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>ized. Expenses <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or the<span class=\"_ _0\"></span> repair ofproperty, plant and<span class=\"_ _0\"></span> equipment are usuall<span class=\"_ _0\"></span>y charged agai<span class=\"_ _0\"></span>nstincome when i<span class=\"_ _0\"></span>ncurr<span class=\"_ _a\"></span>ed. <span class=\"ws7\"> </span>Property held for sale, if any, is stated a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the low<span class=\"_ _0\"></span>er ofamortized cost and fair value l<span class=\"_ _0\"></span>ess selli<span class=\"_ _0\"></span>ng charges.<span class=\"ws7\"> </span>In accordance with the amendments to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 16 and IAS 41,bearer plants are s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ess accumulated depreci<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onand any accumulated<span class=\"_ _0\"></span> impairment losses. <span class=\"_ _0\"></span>All costs rel<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng tothe maintenance of the bearer plants<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> includ<span class=\"_ _0\"></span>ing fert<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>lisation, i<span class=\"_ _0\"></span>scapitali<span class=\"_ _0\"></span>sed as lon<span class=\"_ _a\"></span>g as the bearer plants are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mature..Depreciation<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mences w<span class=\"_ _0\"></span>h<span class=\"_ _6\"></span>en the bearer plants havebecome mature and<span class=\"_ _0\"></span> the produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of biol<span class=\"_ _0\"></span>ogical assets starts.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-18-4": {
   "value": "Depreciation<span class=\"_ _0\"></span> is calculated using the str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>line<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ethodbased on the estima<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed u<span class=\"_ _0\"></span>sef<span class=\"_ _a\"></span>ul l<span class=\"_ _0\"></span>ives of the related asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Buil<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span> <span class=\"_ _2\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 30 yea<span class=\"_ _0\"></span>rs</span> Infr<span class=\"_ _a\"></span>astructure<span class=\"_ _0\"></span> <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">5 to 25 yea<span class=\"_ _0\"></span>rs</span> Installations and machine<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span> <span class=\"_ _b6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 30 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Vehicl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">3 to 20 years<span class=\"_ _0\"></span></span> Off<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce equipment and furniture<span class=\"_ _0\"></span> <span class=\"_ _f6\"> </span> <span class=\"_ _42\"> </span><span class=\"ws165\">5 t<span class=\"_ _a\"></span>o 10 yea<span class=\"_ _0\"></span>rs<span class=\"ws7\"> </span></span>Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant and equi<span class=\"_ _0\"></span>pment <span class=\"_ _84\"> </span> <span class=\"_ _b6\"> </span><span class=\"ws165\">2 to 20 yea<span class=\"_ _0\"></span>rs</span> Bearer plants <span class=\"_ _d4\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span> <span class=\"_ _b6\"> </span>20 to 25<span class=\"_ _0\"></span> yearsLand is not amortized<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group presents the cost of<span class=\"ws7\"> <span class=\"_\"> </span></span>land rights as<span class=\"ws7\"> <span class=\"_\"> </span></span>a <span class=\"_ _0\"></span>part ofproperty,<span class=\"_ _a\"></span> plant<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>&amp; equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, consistently with practices in theindustry and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> guidance<span class=\"_ _0\"></span> in that<span class=\"_ _a\"></span> respect. In addition,The Group closely moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors the<span class=\"_ _0\"></span> situation of each lan<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>le interms of renew<span class=\"_ _0\"></span>al and only depreciates its lan<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>ights if<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> isan indi<span class=\"_ _0\"></span>cat<span class=\"_ _a\"></span>ion that the land title might not be renewed. <span class=\"_ _0\"></span>Therenewal costs of<span class=\"_ _0\"></span> land rights are also <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ecognized as l<span class=\"_ _0\"></span>and rightsand are amortized over <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>erm o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> renewal.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-4": {
   "value": "Leases<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Assets, represent<span class=\"_ _a\"></span>ing the right to use the underlying l<span class=\"_ _0\"></span>easedasset, are capitali<span class=\"_ _0\"></span>zed as property, pl<span class=\"_ _0\"></span>ant<span class=\"_ _a\"></span> and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent atcost, comprising the<span class=\"_ _0\"></span> amount of<span class=\"_ _0\"></span> the ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al measurement oflease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, any lease payments<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ade a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> before thecommencement date less any lease i<span class=\"_ _0\"></span>ncentives received, anyinitial direct costs and <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>estoration costs. T<span class=\"_ _0\"></span>he correspondinglease l<span class=\"_ _0\"></span>iab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies, representing the net present<span class=\"_ _0\"></span> value of the leasepayments, ar<span class=\"_ _a\"></span>e recognized as l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-</span>term<span class=\"_ _a\"></span> or current liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>iesdepending<span class=\"_ _0\"></span> on t<span class=\"_ _a\"></span>he period in which they are due. Leased assetsand liab<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ities are recognized for all l<span class=\"_ _0\"></span>eases with a ter<span class=\"_ _0\"></span>m of morethan 12 months, unless the<span class=\"_ _0\"></span> underlying asset is of<span class=\"_ _0\"></span> low value. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>paym<span class=\"_ _a\"></span>ents are discounted using the l<span class=\"_ _0\"></span>essee<span class=\"_ _6\"></span>\u2019sincremental borrowing rate, being the rate that the lesseewould ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>o pa<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o borrow the funds necessary to obtain anasset of simil<span class=\"_ _0\"></span>ar value in a simil<span class=\"_ _0\"></span>ar economic environment wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hsimilar terms and conditions. The<span class=\"_ _0\"></span> interest rate impl<span class=\"_ _0\"></span>icit in thelease coul<span class=\"_ _0\"></span>d <span class=\"_ _6\"></span>not be determined. Al<span class=\"_ _0\"></span>l cash flo<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>s relating to theleases are incl<span class=\"_ _0\"></span>uded in the increase/decrease of the short <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ermor long term financial <span class=\"_ _8\"> </span>borrowings <span class=\"_ _8\"> </span>(f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancing act<span class=\"_ _a\"></span>ivities) i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>hecash flow statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Lease interest i<span class=\"_ _0\"></span>s charged <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement<span class=\"_ _0\"></span> as aninterest expense. <span class=\"ws7\"> </span>Leased assets are de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciated, usi<span class=\"_ _0\"></span>ng str<span class=\"_ _a\"></span>aight<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>linedepreciation over <span class=\"_ _0\"></span>the lease ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>, incl<span class=\"_ _0\"></span>uding the <span class=\"_ _0\"></span>period ofrenewable <span class=\"_ _0\"></span>opt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, in case it is probable that the option wil<span class=\"_ _0\"></span>l beexercised. Lessee accou<span class=\"_ _0\"></span>nti<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Due to the nature of <span class=\"ffa1 ws16c\">the Group\u2019s</span><span class=\"ws7\"> <span class=\"_ _84\"> </span></span>busine<span class=\"_ _0\"></span>ss whereby theoperations are pri<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arily <span class=\"_ _0\"></span>taking place in <span class=\"_ _0\"></span>relatively remoteareas, the Group owns most of the assets used. There<span class=\"_ _0\"></span>for<span class=\"_ _6\"></span>e,there is <span class=\"_ _6\"></span>onl<span class=\"_ _0\"></span>y a limited amount of<span class=\"_ _0\"></span> leases which qu<span class=\"_ _0\"></span>alify for<span class=\"_ _a\"></span> leaseaccounting. The three mai<span class=\"_ _0\"></span>n cat<span class=\"_ _a\"></span>egories consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>Office rental<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> most o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> office rentals are lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m </span></span>leases, the main areas<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagement action<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>r<span class=\"ws7\">equired:  </span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">D<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>ermining the lease <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>erm<span class=\"_ _0\"></span>;<span class=\"ws7\"> </span></span>- <span class=\"_ _5e\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>alcu<span class=\"_ _a\"></span>lating the incremental borrowi<span class=\"_ _0\"></span>ng r<span class=\"_ _a\"></span>ate.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Co<span class=\"_ _0\"></span>mpany cars<span class=\"ls7 ws7\"> </span>Company cars in Bel<span class=\"_ _0\"></span>gium meet t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> definition of a l<span class=\"_ _0\"></span>ease and therefor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> appr<span class=\"_ _a\"></span>oach as o<span class=\"_ _0\"></span>ff<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ce rentals wi<span class=\"_ _0\"></span>ll be applied.Papua<span class=\"ls7 ws7\">-<span class=\"ls158 ws199\">New<span class=\"_ _0\"></span></span>-<span class=\"ls155 ws18d\">Gui<span class=\"_ _6\"></span>nea land ri<span class=\"_ _6\"></span>ghts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span></span>In the Group\u2019s <span class=\"ws166\">subsidiary Hargy Oil P<span class=\"_ _0\"></span>alms Ltd in Papua</span>-N<span class=\"_ _0\"></span>ew-Guinea, a part o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land rights include a <span class=\"_ _0\"></span>fixed annual rentalpayment for<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> usuf<span class=\"_ _a\"></span>ruct of the land, as well<span class=\"_ _0\"></span> as a variab<span class=\"_ _a\"></span>leroyalty depending on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> production level<span class=\"_ _0\"></span>s of the yearmeasured in tons FFB. <span class=\"_ _6\"></span>The annu<span class=\"_ _0\"></span>al fixed rental payment meet<span class=\"_ _6\"></span>sthe definition of a lease, whe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eb<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> lease term<span class=\"_ _a\"></span> of asset hasbeen determined<span class=\"_ _0\"></span> as the ave<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>age li<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>an of an<span class=\"_ _0\"></span> oil pa<span class=\"_ _0\"></span>lm (<span class=\"_ _a\"></span>25years).  Lessor accou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ing<span class=\"ws7\"> </span>The Group has no contracts t<span class=\"_ _a\"></span>hat coul<span class=\"_ _0\"></span>d lead to lessoraccounting.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-21-4": {
   "value": "Impair<span class=\"_ _0\"></span>ment of ass<span class=\"_ _0\"></span>ets<span class=\"ls7 ws7\"> </span>Property, plant and equipment<span class=\"ws7\"> <span class=\"_ _4\"></span></span>(incl<span class=\"_ _0\"></span>uding bearer plants) a<span class=\"_ _0\"></span>ndother non<span class=\"ws7\">-</span>current assets<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> impairment losseswhenever events o<span class=\"_ _0\"></span>r changes in ci<span class=\"_ _0\"></span>rcum<span class=\"_ _a\"></span>stances i<span class=\"_ _0\"></span>ndicate thatthe carrying amount may be higher than the recover<span class=\"_ _a\"></span>ableamount. An impairment loss is recognized for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount bywhich <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he carrying amount of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset exceeds itsrecoverable amount, which is the<span class=\"_ _0\"></span> higher of an asset\u2019s ne<span class=\"_ _0\"></span>tselling price and its val<span class=\"_ _0\"></span>ue i<span class=\"_ _6\"></span>n use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span> the purpose of assessingimpairment, assets are grouped <span class=\"_ _0\"></span>at the low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthere are separat<span class=\"_ _a\"></span>ely i<span class=\"_ _0\"></span>dent<span class=\"_ _a\"></span>ifiabl<span class=\"_ _0\"></span>e cash f<span class=\"_ _a\"></span>lows. If impairment isno longer j<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>uture periods du<span class=\"_ _0\"></span>e to a recovery in asse<span class=\"_ _0\"></span>ts\u2019fair value or value i<span class=\"_ _0\"></span>n<span class=\"ws7\"> </span>use, the impairment reserve<span class=\"_ _0\"></span> is reversed.Impairmen<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> <span class=\"ws166\">of financial assets</span><span class=\"ff9c\"> </span></span>In relation to the impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment of financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s an expectedcredit loss model i<span class=\"_ _0\"></span>s app<span class=\"_ _6\"></span>li<span class=\"_ _0\"></span>ed. The expected credit loss moderequires the Group <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o acco<span class=\"_ _0\"></span>unt fo<span class=\"_ _0\"></span>r expect<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> losses andchanges in those expected credit losse<span class=\"_ _0\"></span>s at<span class=\"_ _6\"></span> ea<span class=\"_ _0\"></span>ch r<span class=\"_ _a\"></span>eportingdate to reflect changes in credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> risk si<span class=\"_ _0\"></span>nce initial recognition ofthe financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. Speci<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icall<span class=\"_ _0\"></span>y,<span class=\"_ _a\"></span> the following assets areinclud<span class=\"_ _0\"></span>ed <span class=\"_ _6\"></span>in the scope for impairment assess<span class=\"_ _0\"></span>ment f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> theGroup: 1) trade<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es; 2)<span class=\"_ _6\"></span> no<span class=\"_ _0\"></span>n<span class=\"ws7\">-</span>current receivab<span class=\"_ _0\"></span>les andloans to related par<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es; 3) cash and cash equi<span class=\"_ _0\"></span>valents.<span class=\"ws7\"> </span>IFRS 9 requires the Group to record expected cr<span class=\"_ _a\"></span>edit losses onall of its debt<span class=\"_ _0\"></span> securities, loans an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>rade<span class=\"_ _0\"></span> receivables, e<span class=\"_ _0\"></span>ither ona 12-month or lifetime<span class=\"_ _0\"></span> basis. The Group has<span class=\"_ _0\"></span> applied thesimpli<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed approach and records lifetime expected losses onall trade receivabl<span class=\"_ _0\"></span>es.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>IFRS 9 requires the Group to m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he l<span class=\"_ _0\"></span>oss allowance fora financial<span class=\"_ _0\"></span> instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> at an amount equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o t<span class=\"_ _0\"></span>he li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>etimeexpected credit losses if <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>sk on that fina<span class=\"_ _0\"></span>ncialinstrument has increased si<span class=\"_ _0\"></span>gnificantly since ini<span class=\"_ _0\"></span>tial recognition.On the other hand, i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the credit risk on a <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumenthas not increased signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icantly si<span class=\"_ _0\"></span>nce initial recogni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, theGroup is requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easure <span class=\"_ _0\"></span>the loss<span class=\"_ _0\"></span> allowance for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>tfinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument at an amount eq<span class=\"_ _0\"></span>ual to 12month expectedcredit losses. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>For long term <span class=\"_ _0\"></span>receivables IFRS 9 <span class=\"_ _0\"></span>pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>des a choi<span class=\"_ _0\"></span>ce t<span class=\"_ _a\"></span>omeasure expected credit losses applyi<span class=\"_ _0\"></span>ng lifetime or <span class=\"ls14d ws161\">a </span>general(3 stages of expected c<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edit loss assessment)<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>expected creditlosses model. The G<span class=\"_ _0\"></span>roup selected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> general model<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Al<span class=\"_ _0\"></span>l bankbalances are assessed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or expec<span class=\"_ _0\"></span>ted credit losses as<span class=\"_ _0\"></span> well. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-21-5": {
   "value": "Impair<span class=\"_ _0\"></span>ment of ass<span class=\"_ _0\"></span>ets<span class=\"ls7 ws7\"> </span>Property, plant and equipment<span class=\"ws7\"> <span class=\"_ _4\"></span></span>(incl<span class=\"_ _0\"></span>uding bearer plants) a<span class=\"_ _0\"></span>ndother non<span class=\"ws7\">-</span>current assets<span class=\"_ _0\"></span> are reviewed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> impairment losseswhenever events o<span class=\"_ _0\"></span>r changes in ci<span class=\"_ _0\"></span>rcum<span class=\"_ _a\"></span>stances i<span class=\"_ _0\"></span>ndicate thatthe carrying amount may be higher than the recover<span class=\"_ _a\"></span>ableamount. An impairment loss is recognized for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount bywhich <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he carrying amount of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> asset exceeds itsrecoverable amount, which is the<span class=\"_ _0\"></span> higher of an asset\u2019s ne<span class=\"_ _0\"></span>tselling price and its val<span class=\"_ _0\"></span>ue i<span class=\"_ _6\"></span>n use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span> the purpose of assessingimpairment, assets are grouped <span class=\"_ _0\"></span>at the low<span class=\"_ _0\"></span>est<span class=\"_ _a\"></span> level<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthere are separat<span class=\"_ _a\"></span>ely i<span class=\"_ _0\"></span>dent<span class=\"_ _a\"></span>ifiabl<span class=\"_ _0\"></span>e cash f<span class=\"_ _a\"></span>lows. If impairment isno longer j<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>uture periods du<span class=\"_ _0\"></span>e to a recovery in asse<span class=\"_ _0\"></span>ts\u2019fair value or value i<span class=\"_ _0\"></span>n<span class=\"ws7\"> </span>use, the impairment reserve<span class=\"_ _0\"></span> is reversed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-3": {
   "value": "Fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Classification and measurement of financial inst<span class=\"_ _0\"></span>rumentsFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies are recognised w<span class=\"_ _0\"></span>hena <span class=\"_ _0\"></span>Group<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y becomes a party to the contractual provisi<span class=\"_ _0\"></span>onsof the instrument.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial l<span class=\"_ _0\"></span>iabilities are initially measuredat fair value<span class=\"_ _0\"></span>. Transaction costs <span class=\"_ _0\"></span>that are directly at<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ributable tothe acquisition or i<span class=\"_ _0\"></span>ssue of<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> assets and financialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies (other than <span class=\"_ _0\"></span>financial assets and financi<span class=\"_ _0\"></span>al liabilities atfair value through profit or loss) are added to or deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>romthe fair value<span class=\"_ _0\"></span> of the <span class=\"_ _0\"></span>financial assets or<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abilities, asappropriate, on initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ition<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansa<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on costs direct<span class=\"_ _a\"></span>lyattr<span class=\"_ _a\"></span>ibutable to<span class=\"_ _0\"></span> the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets or <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies at fair value th<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough profit or loss <span class=\"_ _0\"></span>are recognisedimmediately in <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ofit or loss.<span class=\"ws7\"> </span>The financi<span class=\"_ _0\"></span>al assets include the investments in equityinstruments designated at fair value<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hrough othercomprehensive income, loans to related parties, <span class=\"_ _0\"></span>receivablesincluding trade receivabl<span class=\"_ _0\"></span>es and other recei<span class=\"_ _0\"></span>vables, derivativefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments, financial<span class=\"_ _0\"></span> assets at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>fair value throughprofit or<span class=\"_ _0\"></span> loss, cash and<span class=\"_ _0\"></span> cash equivalen<span class=\"_ _0\"></span>ts. The acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons andsales of financial<span class=\"_ _0\"></span> assets ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognised at<span class=\"_ _0\"></span> the transactiondate.  Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> <span class=\"ls156 ws188\">debt<span class=\"_ _0\"></span> instrumen<span class=\"_ _0\"></span>ts</span> </span></span>All<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnised financial assets are subsequently measured<span class=\"_ _0\"></span> intheir entirety at<span class=\"_ _a\"></span> eithe<span class=\"_ _0\"></span>r am<span class=\"_ _a\"></span>ortised cost or <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value, depend<span class=\"_ _0\"></span>ingon <span class=\"_ _0\"></span>the classification of the financial assets. Debt instrum<span class=\"_ _a\"></span>entsthat meet <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing conditions are subseque<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y measur<span class=\"_ _a\"></span>edat amortised cost:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s held <span class=\"_ _a\"></span>within <span class=\"_ _0\"></span>a busi<span class=\"_ _a\"></span>ness model who<span class=\"_ _0\"></span>seobjective i<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>to hold financial assets in order t<span class=\"_ _6\"></span>o col<span class=\"_ _0\"></span>leccontractual cash flows; and<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The contract<span class=\"_ _a\"></span>ual te<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ms of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he financial<span class=\"_ _0\"></span> asset give rise onspecified dates to cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t are solel<span class=\"_ _0\"></span>y payment<span class=\"_ _a\"></span>s oprincipal<span class=\"_ _0\"></span> and i<span class=\"_ _a\"></span>nterest on t<span class=\"_ _a\"></span>he p<span class=\"_ _0\"></span>rincipal amounoutstanding. Debt instruments include:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Receivables measured at</span> <span class=\"ws166\">amortised cost</span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Trade receivables measured at amortised cost<span class=\"_ _0\"></span> </span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Cash and cash equi<span class=\"_ _0\"></span>valents </span><span class=\"ff9a\"> </span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">O<span class=\"_ _a\"></span>ther investments and<span class=\"_ _0\"></span> deposits<span class=\"ff9a ws7\"> </span></span></span>Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> </span></span>investments in equ<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y instrum<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span>On initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnition, t<span class=\"_ _a\"></span>he Group made an ir<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>evo<span class=\"_ _0\"></span>cable election(on an instrument<span class=\"ws7\">-<span class=\"ls14d ws161\">by</span>-</span>instrument basis) to de<span class=\"_ _0\"></span>signateinvestments in equity instruments as at FVTOCI<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Investmentsin equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umen<span class=\"_ _0\"></span>ts at F<span class=\"_ _0\"></span>VTOCI ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> initially measured at<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>airvalue pl<span class=\"_ _0\"></span>us t<span class=\"_ _a\"></span>ransaction costs. Subsequently, they aremeasured at fair<span class=\"_ _0\"></span> value with gains an<span class=\"_ _0\"></span>d losses arisi<span class=\"_ _0\"></span>ng fr<span class=\"_ _6\"></span>omchanges in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue recognised in other<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>prehensiveincome and accumulated in the <span class=\"_ _0\"></span>investm<span class=\"_ _a\"></span>ent\u2019s <span class=\"_ _4f\"> </span>revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onreserve. The cumulative gain or loss w<span class=\"_ _0\"></span>ill not be reclassified toprofit or<span class=\"_ _0\"></span> loss on di<span class=\"_ _0\"></span>sposal of the<span class=\"_ _0\"></span> equity investments, instead,they will<span class=\"_ _0\"></span> be tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>to retained earnings. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Amortised cost and effective <span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>nterest method<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The effective interest method i<span class=\"_ _0\"></span>s a method of calcul<span class=\"_ _0\"></span>ating the amortised cost of a de<span class=\"_ _0\"></span>bt<span class=\"_ _a\"></span> inst<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ument and of all<span class=\"_ _0\"></span>ocating interest income over the rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> period.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>For financial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments other than pu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>sed or originated credit-<span class=\"ws166\">impaired financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s, the effective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate is </span>the rate that exactly di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ated future cash<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceipts (includi<span class=\"_ _0\"></span>ng a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l fees and points paid or received tha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> form an<span class=\"_ _0\"></span> integr<span class=\"ws166\">al part of the<span class=\"_ _0\"></span> ef<span class=\"_ _a\"></span>fective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate, transaction costs<span class=\"_ _0\"></span> </span>and other premiums or discounts)<span class=\"_ _0\"></span> excluding expected credit losses, through the expected li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>e of the<span class=\"_ _0\"></span> debt instrument, or, where appropriate, a shorter<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod, to the g<span class=\"_ _0\"></span>ross carrying amount of the deb<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span><span class=\"ws7\"> <span class=\"ws166\">instrument on initial<span class=\"_ _0\"></span> recognition. <span class=\"_ _0\"></span></span> </span>The amortised cost of a<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset is the amount a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> which <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he fina<span class=\"_ _0\"></span>ncial asset is measured at initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition minus the principal<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epayments, plus the cumulative amortization using the effective interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method <span class=\"_ _0\"></span>of any difference between that ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al amount and the maturity amount, adjusted for any l<span class=\"_ _0\"></span>oss allowan<span class=\"_ _0\"></span>ce.<span class=\"_ _6\"></span> On the o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her hand, the gross carrying amount<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset is the amortised cost of a fina<span class=\"_ _0\"></span>ncial asset before adjusting for anyloss all<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ance.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>Derecogn<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>tion of financial assets <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group de<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnises a fina<span class=\"_ _0\"></span>ncial asset only w<span class=\"_ _0\"></span>hen thecontractual rights to<span class=\"_ _0\"></span> the cash flow<span class=\"_ _0\"></span>s from the<span class=\"_ _0\"></span> asset expire orwhen i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> transfers the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset and substantially all<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>herisks and rewards of<span class=\"_ _0\"></span> ownership of the asset<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>another party.If the Group<span class=\"_ _0\"></span> neither transfer<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> nor retains <span class=\"_ _0\"></span>substant<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly all therisks and rewards of ownership and continu<span class=\"_ _0\"></span>es t<span class=\"_ _6\"></span>o control thetransf<span class=\"_ _a\"></span>erred asset, <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group recognises its retained interest inthe asset and<span class=\"_ _0\"></span> an associated<span class=\"_ _0\"></span> liability for a<span class=\"_ _0\"></span>mount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> it may haveto pay. If the Group retains substantially all<span class=\"_ _0\"></span> the risks andrewards of ow<span class=\"_ _0\"></span>nership of a<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ransferred<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset, theGroup continues to <span class=\"_ _0\"></span>recognise the financi<span class=\"_ _0\"></span>al asset and alsorecognises a col<span class=\"_ _0\"></span>later<span class=\"_ _a\"></span>alised borrowing for the proceedsreceived. On derecognition of a financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> measured at amortisedcost, the difference between <span class=\"_ _0\"></span><span class=\"ls156 ws194\">a) <span class=\"_ _4\"></span></span>the asset\u2019s carrying amountand <span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>the sum of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> consideration received and <span class=\"_ _0\"></span>receivableis recognised<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it or loss. In addition, on derecognition ofan investment i<span class=\"_ _0\"></span>n equity instru<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent w<span class=\"_ _0\"></span>hich the Group ha<span class=\"_ _0\"></span>selected on initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition to measure at FVTOCI,<span class=\"_ _a\"></span> thecumulative gain or loss previ<span class=\"_ _0\"></span>ously accumulated in theinvestment\u2019s revaluation reserve is no<span class=\"_ _0\"></span>t reclassified to profit orloss. Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s<span class=\"ls7\"> </span>All<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nanc<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al liabilities of the Group are subsequently measuredat amortised cost using <span class=\"_ _0\"></span>the effective interest method. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group derecogni<span class=\"_ _0\"></span>ses f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al liabilities when, and onlywhen, the Group\u2019s ob<span class=\"_ _0\"></span>ligations are discharged,<span class=\"_ _0\"></span> cancelled orthey expire. The<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erence be<span class=\"_ _0\"></span>tween the ca<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ryi<span class=\"_ _0\"></span>ng amount ofthe financial l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ility derecognised<span class=\"_ _0\"></span> and the consideration paidImpairmen<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> <span class=\"ws166\">of financial assets</span><span class=\"ff9c\"> </span></span>In relation to the impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment of financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s an expectedcredit loss model i<span class=\"_ _0\"></span>s app<span class=\"_ _6\"></span>li<span class=\"_ _0\"></span>ed. The expected credit loss moderequires the Group <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o acco<span class=\"_ _0\"></span>unt fo<span class=\"_ _0\"></span>r expect<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> losses andchanges in those expected credit losse<span class=\"_ _0\"></span>s at<span class=\"_ _6\"></span> ea<span class=\"_ _0\"></span>ch r<span class=\"_ _a\"></span>eportingdate to reflect changes in credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> risk si<span class=\"_ _0\"></span>nce initial recognition ofthe financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. Speci<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icall<span class=\"_ _0\"></span>y,<span class=\"_ _a\"></span> the following assets areinclud<span class=\"_ _0\"></span>ed <span class=\"_ _6\"></span>in the scope for impairment assess<span class=\"_ _0\"></span>ment f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> theGroup: 1) trade<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es; 2)<span class=\"_ _6\"></span> no<span class=\"_ _0\"></span>n<span class=\"ws7\">-</span>current receivab<span class=\"_ _0\"></span>les andloans to related par<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es; 3) cash and cash equi<span class=\"_ _0\"></span>valents.<span class=\"ws7\"> </span>IFRS 9 requires the Group to record expected cr<span class=\"_ _a\"></span>edit losses onall of its debt<span class=\"_ _0\"></span> securities, loans an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>rade<span class=\"_ _0\"></span> receivables, e<span class=\"_ _0\"></span>ither ona 12-month or lifetime<span class=\"_ _0\"></span> basis. The Group has<span class=\"_ _0\"></span> applied thesimpli<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed approach and records lifetime expected losses onall trade receivabl<span class=\"_ _0\"></span>es.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>IFRS 9 requires the Group to m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he l<span class=\"_ _0\"></span>oss allowance fora financial<span class=\"_ _0\"></span> instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> at an amount equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o t<span class=\"_ _0\"></span>he li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>etimeexpected credit losses if <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>sk on that fina<span class=\"_ _0\"></span>ncialinstrument has increased si<span class=\"_ _0\"></span>gnificantly since ini<span class=\"_ _0\"></span>tial recognition.On the other hand, i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the credit risk on a <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumenthas not increased signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icantly si<span class=\"_ _0\"></span>nce initial recogni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, theGroup is requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easure <span class=\"_ _0\"></span>the loss<span class=\"_ _0\"></span> allowance for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>tfinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument at an amount eq<span class=\"_ _0\"></span>ual to 12month expectedcredit losses. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>For long term <span class=\"_ _0\"></span>receivables IFRS 9 <span class=\"_ _0\"></span>pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>des a choi<span class=\"_ _0\"></span>ce t<span class=\"_ _a\"></span>omeasure expected credit losses applyi<span class=\"_ _0\"></span>ng lifetime or <span class=\"ls14d ws161\">a </span>general(3 stages of expected c<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edit loss assessment)<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>expected creditlosses model. The G<span class=\"_ _0\"></span>roup selected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> general model<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Al<span class=\"_ _0\"></span>l bankbalances are assessed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or expec<span class=\"_ _0\"></span>ted credit losses as<span class=\"_ _0\"></span> well. <span class=\"ws7\"> </span>and payable, i<span class=\"_ _0\"></span>nclud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng any non<span class=\"ws7\">-</span>cash assets transferred orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies assumed, is recognised<span class=\"_ _0\"></span> in profit or loss. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Receivables and p<span class=\"_ _0\"></span>ay<span class=\"_ _6\"></span>ables<span class=\"ws7\"> </span>The Group initially measures an amount receivable andpayable at fair value. For<span class=\"_ _0\"></span> the am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> receivables, thetransaction price is deemed to be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o the fair value<span class=\"_ _0\"></span>Subsequently, these amount receivables are carried atamortized cost using the effective <span class=\"_ _8\"> </span>interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method less an<span class=\"_ _0\"></span>yallowance for expected credit losse<span class=\"_ _0\"></span>s. For <span class=\"_ _4\"></span>amounts <span class=\"_ _8\"> </span>payable,the tr<span class=\"_ _a\"></span>ansaction price i<span class=\"_ _0\"></span>s deemed t<span class=\"_ _a\"></span>o be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the fair value.Subsequently, <span class=\"_ _c\"> </span><span class=\"ws15d\">these<span class=\"_ _0\"></span> amount payables<span class=\"_ _0\"></span></span> <span class=\"_ _c\"> </span>are car<span class=\"_ _0\"></span>ried atamortized cost using the effective interest me<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>hod. <span class=\"_ _4\"></span>Amou<span class=\"_ _0\"></span>ntsreceivable an<span class=\"_ _0\"></span>d payable in a currency other<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>han<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>funct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onalcurrency of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiary a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>evail<span class=\"_ _0\"></span>ingGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> <span class=\"ws166\">exchange rates on <span class=\"_ _0\"></span>the balance sheet date.<span class=\"_ _0\"></span></span> </span>Cash an<span class=\"_ _0\"></span>d cash equivalents<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents are measured at their a<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ortis<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> </span>value and i<span class=\"_ _0\"></span>nclude cash and deposi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>aturityof <span class=\"ls7 ws165\">less than <span class=\"_ _0\"></span><span class=\"ws166\">t<span class=\"_ _6\"></span>hree <span class=\"_ _0\"></span>months. Negative cash bal<span class=\"_ _0\"></span>ances are </span></span>recorded as liabi<span class=\"_ _0\"></span>liti<span class=\"_ _a\"></span>es.<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws7\">nvestments <span class=\"ws166\">and deposits<span class=\"_ _0\"></span></span> </span>Investm<span class=\"_ _a\"></span>ents are measured a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ir amortized value andinclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>short t<span class=\"_ _a\"></span>erm deposits with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>aturity of threemonths or <span class=\"ls14e ws164\">more<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>or other short-term monetary investments t<span class=\"_ _6\"></span>hatare readily convertible i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o a known amount o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> cash<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>han insi<span class=\"_ _0\"></span>gnifica<span class=\"_ _6\"></span>nt risk of change <span class=\"_ _0\"></span>in value.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Interest-<span class=\"_ _a\"></span><span class=\"ls155 ws18d\">beari<span class=\"_ _a\"></span>ng borrowi<span class=\"_ _a\"></span>ngs<span class=\"ls7 ws7\"> </span></span>Inter<span class=\"_ _a\"></span>est-bearing<span class=\"_ _0\"></span> bor<span class=\"_ _a\"></span>rowings are<span class=\"_ _0\"></span> measured at<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ortised costprice. <span class=\"_ _d\"> </span>Borrowings are ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly recogn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as proceedsreceived, net of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction cos<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s. Any di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ference betweencost and redemption value is <span class=\"_ _0\"></span>recognized in <span class=\"_ _0\"></span>the incomestatem<span class=\"_ _a\"></span>ent usi<span class=\"_ _0\"></span>ng the effective interest method.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-22-4": {
   "value": "Fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Classification and measurement of financial inst<span class=\"_ _0\"></span>rumentsFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies are recognised w<span class=\"_ _0\"></span>hena <span class=\"_ _0\"></span>Group<span class=\"_ _0\"></span> en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y becomes a party to the contractual provisi<span class=\"_ _0\"></span>onsof the instrument.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial l<span class=\"_ _0\"></span>iabilities are initially measuredat fair value<span class=\"_ _0\"></span>. Transaction costs <span class=\"_ _0\"></span>that are directly at<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ributable tothe acquisition or i<span class=\"_ _0\"></span>ssue of<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> assets and financialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies (other than <span class=\"_ _0\"></span>financial assets and financi<span class=\"_ _0\"></span>al liabilities atfair value through profit or loss) are added to or deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>romthe fair value<span class=\"_ _0\"></span> of the <span class=\"_ _0\"></span>financial assets or<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abilities, asappropriate, on initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ition<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansa<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on costs direct<span class=\"_ _a\"></span>lyattr<span class=\"_ _a\"></span>ibutable to<span class=\"_ _0\"></span> the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets or <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancialliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies at fair value th<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough profit or loss <span class=\"_ _0\"></span>are recognisedimmediately in <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ofit or loss.<span class=\"ws7\"> </span>The financi<span class=\"_ _0\"></span>al assets include the investments in equityinstruments designated at fair value<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hrough othercomprehensive income, loans to related parties, <span class=\"_ _0\"></span>receivablesincluding trade receivabl<span class=\"_ _0\"></span>es and other recei<span class=\"_ _0\"></span>vables, derivativefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments, financial<span class=\"_ _0\"></span> assets at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>fair value throughprofit or<span class=\"_ _0\"></span> loss, cash and<span class=\"_ _0\"></span> cash equivalen<span class=\"_ _0\"></span>ts. The acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons andsales of financial<span class=\"_ _0\"></span> assets ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognised at<span class=\"_ _0\"></span> the transactiondate.  Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> <span class=\"ls156 ws188\">debt<span class=\"_ _0\"></span> instrumen<span class=\"_ _0\"></span>ts</span> </span></span>All<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnised financial assets are subsequently measured<span class=\"_ _0\"></span> intheir entirety at<span class=\"_ _a\"></span> eithe<span class=\"_ _0\"></span>r am<span class=\"_ _a\"></span>ortised cost or <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>air value, depend<span class=\"_ _0\"></span>ingon <span class=\"_ _0\"></span>the classification of the financial assets. Debt instrum<span class=\"_ _a\"></span>entsthat meet <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing conditions are subseque<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y measur<span class=\"_ _a\"></span>edat amortised cost:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s held <span class=\"_ _a\"></span>within <span class=\"_ _0\"></span>a busi<span class=\"_ _a\"></span>ness model who<span class=\"_ _0\"></span>seobjective i<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>to hold financial assets in order t<span class=\"_ _6\"></span>o col<span class=\"_ _0\"></span>leccontractual cash flows; and<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The contract<span class=\"_ _a\"></span>ual te<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ms of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he financial<span class=\"_ _0\"></span> asset give rise onspecified dates to cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t are solel<span class=\"_ _0\"></span>y payment<span class=\"_ _a\"></span>s oprincipal<span class=\"_ _0\"></span> and i<span class=\"_ _a\"></span>nterest on t<span class=\"_ _a\"></span>he p<span class=\"_ _0\"></span>rincipal amounoutstanding. Debt instruments include:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Receivables measured at</span> <span class=\"ws166\">amortised cost</span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Trade receivables measured at amortised cost<span class=\"_ _0\"></span> </span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Cash and cash equi<span class=\"_ _0\"></span>valents </span><span class=\"ff9a\"> </span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">O<span class=\"_ _a\"></span>ther investments and<span class=\"_ _0\"></span> deposits<span class=\"ff9a ws7\"> </span></span></span>Financial assets <span class=\"ffa3 ws7\">\u2013<span class=\"ff9a\"> </span></span>investments in equ<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y instrum<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span>On initial<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnition, t<span class=\"_ _a\"></span>he Group made an ir<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>evo<span class=\"_ _0\"></span>cable election(on an instrument<span class=\"ws7\">-<span class=\"ls14d ws161\">by</span>-</span>instrument basis) to de<span class=\"_ _0\"></span>signateinvestments in equity instruments as at FVTOCI<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Investmentsin equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umen<span class=\"_ _0\"></span>ts at F<span class=\"_ _0\"></span>VTOCI ar<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> initially measured at<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>airvalue pl<span class=\"_ _0\"></span>us t<span class=\"_ _a\"></span>ransaction costs. Subsequently, they aremeasured at fair<span class=\"_ _0\"></span> value with gains an<span class=\"_ _0\"></span>d losses arisi<span class=\"_ _0\"></span>ng fr<span class=\"_ _6\"></span>omchanges in fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ue recognised in other<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>prehensiveincome and accumulated in the <span class=\"_ _0\"></span>investm<span class=\"_ _a\"></span>ent\u2019s <span class=\"_ _4f\"> </span>revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onreserve. The cumulative gain or loss w<span class=\"_ _0\"></span>ill not be reclassified toprofit or<span class=\"_ _0\"></span> loss on di<span class=\"_ _0\"></span>sposal of the<span class=\"_ _0\"></span> equity investments, instead,they will<span class=\"_ _0\"></span> be tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>to retained earnings. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Amortised cost and effective <span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>nterest method<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The effective interest method i<span class=\"_ _0\"></span>s a method of calcul<span class=\"_ _0\"></span>ating the amortised cost of a de<span class=\"_ _0\"></span>bt<span class=\"_ _a\"></span> inst<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ument and of all<span class=\"_ _0\"></span>ocating interest income over the rel<span class=\"_ _0\"></span>evant<span class=\"_ _a\"></span> period.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>For financial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>uments other than pu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>sed or originated credit-<span class=\"ws166\">impaired financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s, the effective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate is </span>the rate that exactly di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>s es<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ated future cash<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceipts (includi<span class=\"_ _0\"></span>ng a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l fees and points paid or received tha<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> form an<span class=\"_ _0\"></span> integr<span class=\"ws166\">al part of the<span class=\"_ _0\"></span> ef<span class=\"_ _a\"></span>fective i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest rate, transaction costs<span class=\"_ _0\"></span> </span>and other premiums or discounts)<span class=\"_ _0\"></span> excluding expected credit losses, through the expected li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>e of the<span class=\"_ _0\"></span> debt instrument, or, where appropriate, a shorter<span class=\"_ _0\"></span> per<span class=\"_ _a\"></span>iod, to the g<span class=\"_ _0\"></span>ross carrying amount of the deb<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span><span class=\"ws7\"> <span class=\"ws166\">instrument on initial<span class=\"_ _0\"></span> recognition. <span class=\"_ _0\"></span></span> </span>The amortised cost of a<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset is the amount a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> which <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he fina<span class=\"_ _0\"></span>ncial asset is measured at initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition minus the principal<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>epayments, plus the cumulative amortization using the effective interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method <span class=\"_ _0\"></span>of any difference between that ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al amount and the maturity amount, adjusted for any l<span class=\"_ _0\"></span>oss allowan<span class=\"_ _0\"></span>ce.<span class=\"_ _6\"></span> On the o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her hand, the gross carrying amount<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset is the amortised cost of a fina<span class=\"_ _0\"></span>ncial asset before adjusting for anyloss all<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ance.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>Derecogn<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>tion of financial assets <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group de<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnises a fina<span class=\"_ _0\"></span>ncial asset only w<span class=\"_ _0\"></span>hen thecontractual rights to<span class=\"_ _0\"></span> the cash flow<span class=\"_ _0\"></span>s from the<span class=\"_ _0\"></span> asset expire orwhen i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> transfers the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset and substantially all<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>herisks and rewards of<span class=\"_ _0\"></span> ownership of the asset<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>another party.If the Group<span class=\"_ _0\"></span> neither transfer<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> nor retains <span class=\"_ _0\"></span>substant<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly all therisks and rewards of ownership and continu<span class=\"_ _0\"></span>es t<span class=\"_ _6\"></span>o control thetransf<span class=\"_ _a\"></span>erred asset, <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group recognises its retained interest inthe asset and<span class=\"_ _0\"></span> an associated<span class=\"_ _0\"></span> liability for a<span class=\"_ _0\"></span>mount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> it may haveto pay. If the Group retains substantially all<span class=\"_ _0\"></span> the risks andrewards of ow<span class=\"_ _0\"></span>nership of a<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ransferred<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset, theGroup continues to <span class=\"_ _0\"></span>recognise the financi<span class=\"_ _0\"></span>al asset and alsorecognises a col<span class=\"_ _0\"></span>later<span class=\"_ _a\"></span>alised borrowing for the proceedsreceived. On derecognition of a financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> measured at amortisedcost, the difference between <span class=\"_ _0\"></span><span class=\"ls156 ws194\">a) <span class=\"_ _4\"></span></span>the asset\u2019s carrying amountand <span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>the sum of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> consideration received and <span class=\"_ _0\"></span>receivableis recognised<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it or loss. In addition, on derecognition ofan investment i<span class=\"_ _0\"></span>n equity instru<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent w<span class=\"_ _0\"></span>hich the Group ha<span class=\"_ _0\"></span>selected on initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition to measure at FVTOCI,<span class=\"_ _a\"></span> thecumulative gain or loss previ<span class=\"_ _0\"></span>ously accumulated in theinvestment\u2019s revaluation reserve is no<span class=\"_ _0\"></span>t reclassified to profit orloss. Impairmen<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> <span class=\"ws166\">of financial assets</span><span class=\"ff9c\"> </span></span>In relation to the impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment of financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s an expectedcredit loss model i<span class=\"_ _0\"></span>s app<span class=\"_ _6\"></span>li<span class=\"_ _0\"></span>ed. The expected credit loss moderequires the Group <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o acco<span class=\"_ _0\"></span>unt fo<span class=\"_ _0\"></span>r expect<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> losses andchanges in those expected credit losse<span class=\"_ _0\"></span>s at<span class=\"_ _6\"></span> ea<span class=\"_ _0\"></span>ch r<span class=\"_ _a\"></span>eportingdate to reflect changes in credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> risk si<span class=\"_ _0\"></span>nce initial recognition ofthe financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. Speci<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icall<span class=\"_ _0\"></span>y,<span class=\"_ _a\"></span> the following assets areinclud<span class=\"_ _0\"></span>ed <span class=\"_ _6\"></span>in the scope for impairment assess<span class=\"_ _0\"></span>ment f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> theGroup: 1) trade<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es; 2)<span class=\"_ _6\"></span> no<span class=\"_ _0\"></span>n<span class=\"ws7\">-</span>current receivab<span class=\"_ _0\"></span>les andloans to related par<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es; 3) cash and cash equi<span class=\"_ _0\"></span>valents.<span class=\"ws7\"> </span>IFRS 9 requires the Group to record expected cr<span class=\"_ _a\"></span>edit losses onall of its debt<span class=\"_ _0\"></span> securities, loans an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>rade<span class=\"_ _0\"></span> receivables, e<span class=\"_ _0\"></span>ither ona 12-month or lifetime<span class=\"_ _0\"></span> basis. The Group has<span class=\"_ _0\"></span> applied thesimpli<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed approach and records lifetime expected losses onall trade receivabl<span class=\"_ _0\"></span>es.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>IFRS 9 requires the Group to m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he l<span class=\"_ _0\"></span>oss allowance fora financial<span class=\"_ _0\"></span> instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> at an amount equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o t<span class=\"_ _0\"></span>he li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>etimeexpected credit losses if <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>sk on that fina<span class=\"_ _0\"></span>ncialinstrument has increased si<span class=\"_ _0\"></span>gnificantly since ini<span class=\"_ _0\"></span>tial recognition.On the other hand, i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the credit risk on a <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumenthas not increased signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icantly si<span class=\"_ _0\"></span>nce initial recogni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, theGroup is requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easure <span class=\"_ _0\"></span>the loss<span class=\"_ _0\"></span> allowance for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>tfinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument at an amount eq<span class=\"_ _0\"></span>ual to 12month expectedcredit losses. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>For long term <span class=\"_ _0\"></span>receivables IFRS 9 <span class=\"_ _0\"></span>pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>des a choi<span class=\"_ _0\"></span>ce t<span class=\"_ _a\"></span>omeasure expected credit losses applyi<span class=\"_ _0\"></span>ng lifetime or <span class=\"ls14d ws161\">a </span>general(3 stages of expected c<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edit loss assessment)<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>expected creditlosses model. The G<span class=\"_ _0\"></span>roup selected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> general model<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Al<span class=\"_ _0\"></span>l bankbalances are assessed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or expec<span class=\"_ _0\"></span>ted credit losses as<span class=\"_ _0\"></span> well. <span class=\"ws7\"> </span>Receivables and p<span class=\"_ _0\"></span>ay<span class=\"_ _6\"></span>ables<span class=\"ws7\"> </span>The Group initially measures an amount receivable andpayable at fair value. For<span class=\"_ _0\"></span> the am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> receivables, thetransaction price is deemed to be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o the fair value<span class=\"_ _0\"></span>Subsequently, these amount receivables are carried atamortized cost using the effective <span class=\"_ _8\"> </span>interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method less an<span class=\"_ _0\"></span>yallowance for expected credit losse<span class=\"_ _0\"></span>s. For <span class=\"_ _4\"></span>amounts <span class=\"_ _8\"> </span>payable,the tr<span class=\"_ _a\"></span>ansaction price i<span class=\"_ _0\"></span>s deemed t<span class=\"_ _a\"></span>o be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the fair value.Subsequently, <span class=\"_ _c\"> </span><span class=\"ws15d\">these<span class=\"_ _0\"></span> amount payables<span class=\"_ _0\"></span></span> <span class=\"_ _c\"> </span>are car<span class=\"_ _0\"></span>ried atamortized cost using the effective interest me<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>hod. <span class=\"_ _4\"></span>Amou<span class=\"_ _0\"></span>ntsreceivable an<span class=\"_ _0\"></span>d payable in a currency other<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>han<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>funct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onalcurrency of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiary a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>evail<span class=\"_ _0\"></span>ingGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> <span class=\"ws166\">exchange rates on <span class=\"_ _0\"></span>the balance sheet date.<span class=\"_ _0\"></span></span> </span>Cash an<span class=\"_ _0\"></span>d cash equivalents<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents are measured at their a<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ortis<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> </span>value and i<span class=\"_ _0\"></span>nclude cash and deposi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>aturityof <span class=\"ls7 ws165\">less than <span class=\"_ _0\"></span><span class=\"ws166\">t<span class=\"_ _6\"></span>hree <span class=\"_ _0\"></span>months. Negative cash bal<span class=\"_ _0\"></span>ances are </span></span>recorded as liabi<span class=\"_ _0\"></span>liti<span class=\"_ _a\"></span>es.<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws7\">nvestments <span class=\"ws166\">and deposits<span class=\"_ _0\"></span></span> </span>Investm<span class=\"_ _a\"></span>ents are measured a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ir amortized value andinclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>short t<span class=\"_ _a\"></span>erm deposits with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>aturity of threemonths or <span class=\"ls14e ws164\">more<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>or other short-term monetary investments t<span class=\"_ _6\"></span>hatare readily convertible i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o a known amount o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> cash<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>han insi<span class=\"_ _0\"></span>gnifica<span class=\"_ _6\"></span>nt risk of change <span class=\"_ _0\"></span>in value.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-5": {
   "value": "Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-6": {
   "value": "Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-7": {
   "value": "Derivatives The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up</span> <span class=\"_ _4\"></span>use<span class=\"_ _0\"></span>s f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments primar<span class=\"_ _a\"></span>ily tomanage its exposure to interest rate and <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy risksarising from operational, financing and investment activities.The <span class=\"_ _30\"> </span><span class=\"ls14f ws170\">Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span></span> <span class=\"_ _30\"> </span><span class=\"ws1a0\">applies he<span class=\"_ _0\"></span>dge accounting under <span class=\"_ _0\"></span><span class=\"ls14f ws1a1\">IFR<span class=\"_ _0\"></span>S 9<span class=\"_ _0\"></span></span></span> <span class=\"_ _30\"> </span>\u2013\"Financ<span class=\"ws166\">i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nstruments\". <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e val<span class=\"_ _0\"></span>ued at <span class=\"_ _0\"></span>fair val<span class=\"_ _0\"></span>ue at initialrecognition. <span class=\"_ _7\"> </span>The chang<span class=\"_ _0\"></span>es in fair val<span class=\"_ _a\"></span>ue are reported in theincome statement unless these instruments are part ofhedging <span class=\"_ _15d\"> </span>t<span class=\"_ _a\"></span>ransactions, in whi<span class=\"_ _0\"></span>ch event the timing of<span class=\"_ _0\"></span> therecognition i<span class=\"_ _0\"></span>n prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss depends on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he na<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure o<span class=\"_ _0\"></span>f the hedgerelationship. <span class=\"_ _84\"> </span>The<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup desi<span class=\"_ _0\"></span>gn<span class=\"_ _6\"></span>ates certain derivatives ashedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments in respect interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>rate risk in cash<span class=\"_ _0\"></span> flowhedges. Derivatives related <span class=\"_ _0\"></span>to the foreign<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency risk are<span class=\"_ _0\"></span> notdocumented in a hedgi<span class=\"_ _0\"></span>ng relationship.<span class=\"ws7\"> </span>At the inception of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he he<span class=\"_ _0\"></span>dge relationship, the Groupdocuments the relationship between the hedgi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>g i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumentand the hedged item along <span class=\"_ _0\"></span>with its risk managementobjectives and <span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>s strategy for under<span class=\"_ _0\"></span>taking various hedgetransactions.  Furthermor<span class=\"_ _a\"></span>e, a<span class=\"_ _0\"></span>t the i<span class=\"_ _0\"></span>nception of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> hedge and on<span class=\"_ _0\"></span> an ongoi<span class=\"_ _0\"></span>ngbasis, the G<span class=\"_ _0\"></span>roup documents w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> hedging i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>umentis effective i<span class=\"_ _0\"></span>n offsetting changes i<span class=\"_ _0\"></span>n fair val<span class=\"_ _0\"></span>ues or cash<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span>s ofthe hedged item attributable to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he hedged risk,<span class=\"_ _0\"></span> which is <span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nthe hedging relation<span class=\"_ _0\"></span>ships meet all the followi<span class=\"_ _0\"></span>ng hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ements<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>There is an<span class=\"_ _0\"></span> economic relationship between <span class=\"_ _0\"></span>the hedgeditem and the hedg<span class=\"_ _0\"></span>ing instrument<span class=\"_ _a\"></span>;<span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The effect<span class=\"_ _6\"></span> of<span class=\"_ _0\"></span> credit risk does not dominate the valuechanges that result f<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>om <span class=\"_ _0\"></span>that economic relation<span class=\"_ _0\"></span>ship; and\u2022 <span class=\"_ _81\"> </span>The hedge ratio o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the hedging relationshi<span class=\"_ _0\"></span>p is the sameas that resulting from the<span class=\"_ _0\"></span> quantity of the hedg<span class=\"_ _0\"></span>ed item<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>the Group ac<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>uall<span class=\"_ _0\"></span>y hedges and the quan<span class=\"_ _0\"></span>tity of thehedging i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rument t<span class=\"_ _a\"></span>hat the entity<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ually use<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>hedgetha<span class=\"_ _0\"></span><span class=\"ls7 ws166\">t<span class=\"_ _6\"></span> quan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> he<span class=\"_ _0\"></span>dged item.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>If a hedging<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ationship ceases to meet the hedgeeffect<span class=\"_ _a\"></span>iveness requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ement relating to <span class=\"_ _0\"></span>the hedge ratio but therisk management objective for that de<span class=\"_ _0\"></span>signated hedgingrelationship remains t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sam<span class=\"_ _a\"></span>e, the Group adjusts the hedgeratio of the hedging relationshi<span class=\"_ _0\"></span>p (<span class=\"_ _a\"></span>i. e. rebalances the hedge)so that it mee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s the<span class=\"_ _0\"></span> qualifying criteria agai<span class=\"_ _0\"></span>n.<span class=\"ws7\"> </span>The value<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uations of a<span class=\"_ _0\"></span> der<span class=\"_ _a\"></span>ivative financi<span class=\"_ _0\"></span>al instrument thatcomplies w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he strict condi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons f<span class=\"_ _a\"></span>or recogni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion as a cashflow hedge <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e recorded in other comprehensive i<span class=\"_ _0\"></span>ncome f<span class=\"_ _6\"></span>orthe effective<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>t.<span class=\"_ _0\"></span> The ineffective par<span class=\"_ _0\"></span>t is recorded di<span class=\"_ _0\"></span>rect<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y inthe profit and loss account. The hedging results are recordedout of o<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income into<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> profit and<span class=\"_ _0\"></span> lossaccount at the <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>oment the hedged<span class=\"_ _0\"></span> transaction influences theres<span class=\"_ _0\"></span>ult. <span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>A derivative wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a positive fair value i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded as a financialasset, while a derivative w<span class=\"_ _0\"></span>ith a negative <span class=\"ws166\">fair value <span class=\"ls159\">is</span></span> recordedas a<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial li<span class=\"_ _0\"></span>abi<span class=\"_ _a\"></span>lity. A derivate<span class=\"_ _0\"></span> is presented as<span class=\"_ _0\"></span> current ornon-current<span class=\"_ _a\"></span> dependi<span class=\"_ _0\"></span>ng on the expected expiration da<span class=\"_ _0\"></span>te of thefinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-28-6": {
   "value": "Impairmen<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> <span class=\"ws166\">of financial assets</span><span class=\"ff9c\"> </span></span>In relation to the impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment of financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s an expectedcredit loss model i<span class=\"_ _0\"></span>s app<span class=\"_ _6\"></span>li<span class=\"_ _0\"></span>ed. The expected credit loss moderequires the Group <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o acco<span class=\"_ _0\"></span>unt fo<span class=\"_ _0\"></span>r expect<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> losses andchanges in those expected credit losse<span class=\"_ _0\"></span>s at<span class=\"_ _6\"></span> ea<span class=\"_ _0\"></span>ch r<span class=\"_ _a\"></span>eportingdate to reflect changes in credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> risk si<span class=\"_ _0\"></span>nce initial recognition ofthe financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. Speci<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icall<span class=\"_ _0\"></span>y,<span class=\"_ _a\"></span> the following assets areinclud<span class=\"_ _0\"></span>ed <span class=\"_ _6\"></span>in the scope for impairment assess<span class=\"_ _0\"></span>ment f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> theGroup: 1) trade<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es; 2)<span class=\"_ _6\"></span> no<span class=\"_ _0\"></span>n<span class=\"ws7\">-</span>current receivab<span class=\"_ _0\"></span>les andloans to related par<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es; 3) cash and cash equi<span class=\"_ _0\"></span>valents.<span class=\"ws7\"> </span>IFRS 9 requires the Group to record expected cr<span class=\"_ _a\"></span>edit losses onall of its debt<span class=\"_ _0\"></span> securities, loans an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>rade<span class=\"_ _0\"></span> receivables, e<span class=\"_ _0\"></span>ither ona 12-month or lifetime<span class=\"_ _0\"></span> basis. The Group has<span class=\"_ _0\"></span> applied thesimpli<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed approach and records lifetime expected losses onall trade receivabl<span class=\"_ _0\"></span>es.<span class=\"_ _a\"></span> <span class=\"ws7\"> </span>IFRS 9 requires the Group to m<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>sur<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he l<span class=\"_ _0\"></span>oss allowance fora financial<span class=\"_ _0\"></span> instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> at an amount equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o t<span class=\"_ _0\"></span>he li<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>etimeexpected credit losses if <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>sk on that fina<span class=\"_ _0\"></span>ncialinstrument has increased si<span class=\"_ _0\"></span>gnificantly since ini<span class=\"_ _0\"></span>tial recognition.On the other hand, i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the credit risk on a <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>rumenthas not increased signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icantly si<span class=\"_ _0\"></span>nce initial recogni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, theGroup is requi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easure <span class=\"_ _0\"></span>the loss<span class=\"_ _0\"></span> allowance for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>tfinancial<span class=\"_ _0\"></span> instr<span class=\"_ _a\"></span>ument at an amount eq<span class=\"_ _0\"></span>ual to 12month expectedcredit losses. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>For long term <span class=\"_ _0\"></span>receivables IFRS 9 <span class=\"_ _0\"></span>pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>des a choi<span class=\"_ _0\"></span>ce t<span class=\"_ _a\"></span>omeasure expected credit losses applyi<span class=\"_ _0\"></span>ng lifetime or <span class=\"ls14d ws161\">a </span>general(3 stages of expected c<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>edit loss assessment)<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>expected creditlosses model. The G<span class=\"_ _0\"></span>roup selected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> general model<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _6\"></span>Al<span class=\"_ _0\"></span>l bankbalances are assessed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or expec<span class=\"_ _0\"></span>ted credit losses as<span class=\"_ _0\"></span> well. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-26-5": {
   "value": "Derecogn<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>tion of financial assets <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group de<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnises a fina<span class=\"_ _0\"></span>ncial asset only w<span class=\"_ _0\"></span>hen thecontractual rights to<span class=\"_ _0\"></span> the cash flow<span class=\"_ _0\"></span>s from the<span class=\"_ _0\"></span> asset expire orwhen i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> transfers the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al asset and substantially all<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>herisks and rewards of<span class=\"_ _0\"></span> ownership of the asset<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>another party.If the Group<span class=\"_ _0\"></span> neither transfer<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> nor retains <span class=\"_ _0\"></span>substant<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span>ly all therisks and rewards of ownership and continu<span class=\"_ _0\"></span>es t<span class=\"_ _6\"></span>o control thetransf<span class=\"_ _a\"></span>erred asset, <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group recognises its retained interest inthe asset and<span class=\"_ _0\"></span> an associated<span class=\"_ _0\"></span> liability for a<span class=\"_ _0\"></span>mount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> it may haveto pay. If the Group retains substantially all<span class=\"_ _0\"></span> the risks andrewards of ow<span class=\"_ _0\"></span>nership of a<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ransferred<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial asset, theGroup continues to <span class=\"_ _0\"></span>recognise the financi<span class=\"_ _0\"></span>al asset and alsorecognises a col<span class=\"_ _0\"></span>later<span class=\"_ _a\"></span>alised borrowing for the proceedsreceived. On derecognition of a financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> measured at amortisedcost, the difference between <span class=\"_ _0\"></span><span class=\"ls156 ws194\">a) <span class=\"_ _4\"></span></span>the asset\u2019s carrying amountand <span class=\"_ _0\"></span>b) <span class=\"_ _0\"></span>the sum of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> consideration received and <span class=\"_ _0\"></span>receivableis recognised<span class=\"_ _0\"></span> in prof<span class=\"_ _a\"></span>it or loss. In addition, on derecognition ofan investment i<span class=\"_ _0\"></span>n equity instru<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent w<span class=\"_ _0\"></span>hich the Group ha<span class=\"_ _0\"></span>selected on initial<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognition to measure at FVTOCI,<span class=\"_ _a\"></span> thecumulative gain or loss previ<span class=\"_ _0\"></span>ously accumulated in theinvestment\u2019s revaluation reserve is no<span class=\"_ _0\"></span>t reclassified to profit orloss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-27-4": {
   "value": "Fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s<span class=\"ls7\"> </span>All<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nanc<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>al liabilities of the Group are subsequently measuredat amortised cost using <span class=\"_ _0\"></span>the effective interest method. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The Group derecogni<span class=\"_ _0\"></span>ses f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al liabilities when, and onlywhen, the Group\u2019s ob<span class=\"_ _0\"></span>ligations are discharged,<span class=\"_ _0\"></span> cancelled orthey expire. The<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erence be<span class=\"_ _0\"></span>tween the ca<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ryi<span class=\"_ _0\"></span>ng amount ofthe financial l<span class=\"_ _0\"></span>iab<span class=\"_ _a\"></span>ility derecognised<span class=\"_ _0\"></span> and the consideration paidand payable, i<span class=\"_ _0\"></span>nclud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng any non<span class=\"ws7\">-</span>cash assets transferred orliabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies assumed, is recognised<span class=\"_ _0\"></span> in profit or loss. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Receivables and p<span class=\"_ _0\"></span>ay<span class=\"_ _6\"></span>ables<span class=\"ws7\"> </span>The Group initially measures an amount receivable andpayable at fair value. For<span class=\"_ _0\"></span> the am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> receivables, thetransaction price is deemed to be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o the fair value<span class=\"_ _0\"></span>Subsequently, these amount receivables are carried atamortized cost using the effective <span class=\"_ _8\"> </span>interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method less an<span class=\"_ _0\"></span>yallowance for expected credit losse<span class=\"_ _0\"></span>s. For <span class=\"_ _4\"></span>amounts <span class=\"_ _8\"> </span>payable,the tr<span class=\"_ _a\"></span>ansaction price i<span class=\"_ _0\"></span>s deemed t<span class=\"_ _a\"></span>o be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the fair value.Subsequently, <span class=\"_ _c\"> </span><span class=\"ws15d\">these<span class=\"_ _0\"></span> amount payables<span class=\"_ _0\"></span></span> <span class=\"_ _c\"> </span>are car<span class=\"_ _0\"></span>ried atamortized cost using the effective interest me<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>hod. <span class=\"_ _4\"></span>Amou<span class=\"_ _0\"></span>ntsreceivable an<span class=\"_ _0\"></span>d payable in a currency other<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>han<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>funct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onalcurrency of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiary a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>evail<span class=\"_ _0\"></span>ingGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> <span class=\"ws166\">exchange rates on <span class=\"_ _0\"></span>the balance sheet date.<span class=\"_ _0\"></span></span> </span>Interest-<span class=\"_ _a\"></span><span class=\"ls155 ws18d\">beari<span class=\"_ _a\"></span>ng borrowi<span class=\"_ _a\"></span>ngs<span class=\"ls7 ws7\"> </span></span>Inter<span class=\"_ _a\"></span>est-bearing<span class=\"_ _0\"></span> bor<span class=\"_ _a\"></span>rowings are<span class=\"_ _0\"></span> measured at<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ortised costprice. <span class=\"_ _d\"> </span>Borrowings are ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly recogn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as proceedsreceived, net of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction cos<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s. Any di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ference betweencost and redemption value is <span class=\"_ _0\"></span>recognized in <span class=\"_ _0\"></span>the incomestatem<span class=\"_ _a\"></span>ent usi<span class=\"_ _0\"></span>ng the effective interest method.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-30-6": {
   "value": "Receivables and p<span class=\"_ _0\"></span>ay<span class=\"_ _6\"></span>ables<span class=\"ws7\"> </span>The Group initially measures an amount receivable andpayable at fair value. For<span class=\"_ _0\"></span> the am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> receivables, thetransaction price is deemed to be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o the fair value<span class=\"_ _0\"></span>Subsequently, these amount receivables are carried atamortized cost using the effective <span class=\"_ _8\"> </span>interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> method less an<span class=\"_ _0\"></span>yallowance for expected credit losse<span class=\"_ _0\"></span>s. For <span class=\"_ _4\"></span>amounts <span class=\"_ _8\"> </span>payable,the tr<span class=\"_ _a\"></span>ansaction price i<span class=\"_ _0\"></span>s deemed t<span class=\"_ _a\"></span>o be equal<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the fair value.Subsequently, <span class=\"_ _c\"> </span><span class=\"ws15d\">these<span class=\"_ _0\"></span> amount payables<span class=\"_ _0\"></span></span> <span class=\"_ _c\"> </span>are car<span class=\"_ _0\"></span>ried atamortized cost using the effective interest me<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>hod. <span class=\"_ _4\"></span>Amou<span class=\"_ _0\"></span>ntsreceivable an<span class=\"_ _0\"></span>d payable in a currency other<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>han<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>funct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onalcurrency of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> subsidiary a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>translated at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>evail<span class=\"_ _0\"></span>ingGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> <span class=\"ws166\">exchange rates on <span class=\"_ _0\"></span>the balance sheet date.<span class=\"_ _0\"></span></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-31-5": {
   "value": "Cash an<span class=\"_ _0\"></span>d cash equivalents<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents are measured at their a<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ortis<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> </span>value and i<span class=\"_ _0\"></span>nclude cash and deposi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>aturityof <span class=\"ls7 ws165\">less than <span class=\"_ _0\"></span><span class=\"ws166\">t<span class=\"_ _6\"></span>hree <span class=\"_ _0\"></span>months. Negative cash bal<span class=\"_ _0\"></span>ances are </span></span>recorded as liabi<span class=\"_ _0\"></span>liti<span class=\"_ _a\"></span>es.<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws7\">nvestments <span class=\"ws166\">and deposits<span class=\"_ _0\"></span></span> </span>Investm<span class=\"_ _a\"></span>ents are measured a<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ir amortized value andinclud<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>short t<span class=\"_ _a\"></span>erm deposits with an origi<span class=\"_ _0\"></span>na<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>aturity of threemonths or <span class=\"ls14e ws164\">more<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>or other short-term monetary investments t<span class=\"_ _6\"></span>hatare readily convertible i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o a known amount o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> cash<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>han insi<span class=\"_ _0\"></span>gnifica<span class=\"_ _6\"></span>nt risk of change <span class=\"_ _0\"></span>in value.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-32-5": {
   "value": "Interest-<span class=\"_ _a\"></span><span class=\"ls155 ws18d\">beari<span class=\"_ _a\"></span>ng borrowi<span class=\"_ _a\"></span>ngs<span class=\"ls7 ws7\"> </span></span>Inter<span class=\"_ _a\"></span>est-bearing<span class=\"_ _0\"></span> bor<span class=\"_ _a\"></span>rowings are<span class=\"_ _0\"></span> measured at<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ortised costprice. <span class=\"_ _d\"> </span>Borrowings are ini<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly recogn<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as proceedsreceived, net of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction cos<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s. Any di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ference betweencost and redemption value is <span class=\"_ _0\"></span>recognized in <span class=\"_ _0\"></span>the incomestatem<span class=\"_ _a\"></span>ent usi<span class=\"_ _0\"></span>ng the effective interest method.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-3": {
   "value": "Inventor<span class=\"_ _0\"></span>ies<span class=\"fs31 ls7 ws7\"> </span>Inventories are valued at the<span class=\"_ _0\"></span> lower of cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> or<span class=\"_ _0\"></span> net realizab<span class=\"_ _0\"></span>levalue. The stock <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nished goods incl<span class=\"_ _0\"></span>ude biological assets measur<span class=\"_ _a\"></span>edat fair value less cost of sale at <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> date of harvest whichinclud<span class=\"_ _0\"></span>es pr<span class=\"_ _a\"></span>oduction costs. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Inventories are written down on<span class=\"_ _0\"></span> a case<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>by-case ba<span class=\"_ _0\"></span>sis if t<span class=\"_ _a\"></span>heestimated net <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value decl<span class=\"_ _0\"></span>ines below the carryingamount of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inventories. Net<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value is theestimated selling<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>ice less <span class=\"_ _0\"></span>the estimated costs<span class=\"_ _0\"></span> necessary tomake the sale. When the reason for a write<span class=\"ws7\">-</span>down of theinventories has ceased<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o exi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>, the<span class=\"_ _0\"></span> write<span class=\"ws7\">-</span>down is reversed.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-34-3": {
   "value": "Assets <span class=\"_ _0\"></span>h<span class=\"_ _a\"></span>el<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> for s<span class=\"_ _0\"></span>ale<span class=\"ls7 ws7\"> </span>The Group classifies non<span class=\"_ _0\"></span>-cur<span class=\"_ _a\"></span>rent assets and dispo<span class=\"_ _0\"></span>sal groupsas held fo<span class=\"_ _0\"></span>r sale i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rying amounts w<span class=\"_ _0\"></span>ill be recoveredprincipally through a sale <span class=\"_ _0\"></span>transaction rather than th<span class=\"_ _0\"></span>roughcontinuing use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>current<span class=\"_ _a\"></span> assets and disposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oupsclassified<span class=\"_ _0\"></span> as asset<span class=\"_ _a\"></span>s held fo<span class=\"_ _0\"></span>r sale are measu<span class=\"_ _0\"></span>red at the l<span class=\"_ _0\"></span>ower oftheir carrying amount and fair value<span class=\"_ _0\"></span> less costs to sel<span class=\"_ _0\"></span>l. Costs t<span class=\"_ _6\"></span>osell are the<span class=\"_ _0\"></span> incremental costs<span class=\"_ _0\"></span> directly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> thedisposal<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> an asset (disposal group<span class=\"_ _0\"></span><span class=\"ws7\">-</span>,<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>ud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng f<span class=\"_ _a\"></span>inance costsand income tax expenses<span class=\"ws7\">)<span class=\"ls15b ws1a8\">. </span> </span>The criteria <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _0\"></span>e classification is regarded<span class=\"_ _0\"></span> as metonly whe<span class=\"_ _0\"></span>n the sale is highl<span class=\"_ _0\"></span>y probable, and the<span class=\"_ _0\"></span> asset ordisposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup is available for immediate sale i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>its presentcondition. <span class=\"_ _30\"> </span>Actions required to complete the sale shoul<span class=\"_ _0\"></span>dindicate that it i<span class=\"_ _0\"></span>s unli<span class=\"_ _0\"></span>kely that significant changes<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the sal<span class=\"_ _0\"></span>ewill be made or that the decisi<span class=\"_ _0\"></span>on to <span class=\"_ _0\"></span>sell will <span class=\"_ _0\"></span>be withdrawn.Management must be com<span class=\"_ _0\"></span>mitt<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>sell the assetand the sale expected<span class=\"_ _0\"></span> to be completed<span class=\"_ _0\"></span> within one year <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>omthe date of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> classification.<span class=\"ws7\"> </span>PP&amp;E<span class=\"_ _0\"></span> and intangible assets are not depreciated or amor<span class=\"_ _0\"></span>tisedonce classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed as held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and liabil<span class=\"_ _0\"></span>ities classifiedas held for sale are presented separately as cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent items inthe statement of fina<span class=\"_ _0\"></span>ncial <span class=\"ws7\">position<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-34-4": {
   "value": "Assets <span class=\"_ _0\"></span>h<span class=\"_ _a\"></span>el<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> for s<span class=\"_ _0\"></span>ale<span class=\"ls7 ws7\"> </span>The Group classifies non<span class=\"_ _0\"></span>-cur<span class=\"_ _a\"></span>rent assets and dispo<span class=\"_ _0\"></span>sal groupsas held fo<span class=\"_ _0\"></span>r sale i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rying amounts w<span class=\"_ _0\"></span>ill be recoveredprincipally through a sale <span class=\"_ _0\"></span>transaction rather than th<span class=\"_ _0\"></span>roughcontinuing use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>current<span class=\"_ _a\"></span> assets and disposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oupsclassified<span class=\"_ _0\"></span> as asset<span class=\"_ _a\"></span>s held fo<span class=\"_ _0\"></span>r sale are measu<span class=\"_ _0\"></span>red at the l<span class=\"_ _0\"></span>ower oftheir carrying amount and fair value<span class=\"_ _0\"></span> less costs to sel<span class=\"_ _0\"></span>l. Costs t<span class=\"_ _6\"></span>osell are the<span class=\"_ _0\"></span> incremental costs<span class=\"_ _0\"></span> directly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> thedisposal<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> an asset (disposal group<span class=\"_ _0\"></span><span class=\"ws7\">-</span>,<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>ud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng f<span class=\"_ _a\"></span>inance costsand income tax expenses<span class=\"ws7\">)<span class=\"ls15b ws1a8\">. </span> </span>The criteria <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _0\"></span>e classification is regarded<span class=\"_ _0\"></span> as metonly whe<span class=\"_ _0\"></span>n the sale is highl<span class=\"_ _0\"></span>y probable, and the<span class=\"_ _0\"></span> asset ordisposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup is available for immediate sale i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>its presentcondition. <span class=\"_ _30\"> </span>Actions required to complete the sale shoul<span class=\"_ _0\"></span>dindicate that it i<span class=\"_ _0\"></span>s unli<span class=\"_ _0\"></span>kely that significant changes<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the sal<span class=\"_ _0\"></span>ewill be made or that the decisi<span class=\"_ _0\"></span>on to <span class=\"_ _0\"></span>sell will <span class=\"_ _0\"></span>be withdrawn.Management must be com<span class=\"_ _0\"></span>mitt<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>sell the assetand the sale expected<span class=\"_ _0\"></span> to be completed<span class=\"_ _0\"></span> within one year <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>omthe date of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> classification.<span class=\"ws7\"> </span>PP&amp;E<span class=\"_ _0\"></span> and intangible assets are not depreciated or amor<span class=\"_ _0\"></span>tisedonce classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed as held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and liabil<span class=\"_ _0\"></span>ities classifiedas held for sale are presented separately as cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent items inthe statement of fina<span class=\"_ _0\"></span>ncial <span class=\"ws7\">position<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> </span>Discontinu<span class=\"_ _0\"></span>ed operat<span class=\"_ _a\"></span>ions are excl<span class=\"_ _0\"></span>uded f<span class=\"_ _a\"></span>rom the results<span class=\"_ _0\"></span> ocontinuing op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations and are p<span class=\"_ _0\"></span>resent<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>s a single amountas profit or loss af<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>er tax <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> discontinued operations i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>heconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed income statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-34-5": {
   "value": "Assets <span class=\"_ _0\"></span>h<span class=\"_ _a\"></span>el<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> for s<span class=\"_ _0\"></span>ale<span class=\"ls7 ws7\"> </span>The Group classifies non<span class=\"_ _0\"></span>-cur<span class=\"_ _a\"></span>rent assets and dispo<span class=\"_ _0\"></span>sal groupsas held fo<span class=\"_ _0\"></span>r sale i<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rying amounts w<span class=\"_ _0\"></span>ill be recoveredprincipally through a sale <span class=\"_ _0\"></span>transaction rather than th<span class=\"_ _0\"></span>roughcontinuing use<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> N<span class=\"_ _0\"></span>on<span class=\"ws7\">-</span>current<span class=\"_ _a\"></span> assets and disposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oupsclassified<span class=\"_ _0\"></span> as asset<span class=\"_ _a\"></span>s held fo<span class=\"_ _0\"></span>r sale are measu<span class=\"_ _0\"></span>red at the l<span class=\"_ _0\"></span>ower oftheir carrying amount and fair value<span class=\"_ _0\"></span> less costs to sel<span class=\"_ _0\"></span>l. Costs t<span class=\"_ _6\"></span>osell are the<span class=\"_ _0\"></span> incremental costs<span class=\"_ _0\"></span> directly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> thedisposal<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> an asset (disposal group<span class=\"_ _0\"></span><span class=\"ws7\">-</span>,<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>ud<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng f<span class=\"_ _a\"></span>inance costsand income tax expenses<span class=\"ws7\">)<span class=\"ls15b ws1a8\">. </span> </span>The criteria <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or hel<span class=\"_ _0\"></span>d for sal<span class=\"_ _0\"></span>e classification is regarded<span class=\"_ _0\"></span> as metonly whe<span class=\"_ _0\"></span>n the sale is highl<span class=\"_ _0\"></span>y probable, and the<span class=\"_ _0\"></span> asset ordisposal<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup is available for immediate sale i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>its presentcondition. <span class=\"_ _30\"> </span>Actions required to complete the sale shoul<span class=\"_ _0\"></span>dindicate that it i<span class=\"_ _0\"></span>s unli<span class=\"_ _0\"></span>kely that significant changes<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the sal<span class=\"_ _0\"></span>ewill be made or that the decisi<span class=\"_ _0\"></span>on to <span class=\"_ _0\"></span>sell will <span class=\"_ _0\"></span>be withdrawn.Management must be com<span class=\"_ _0\"></span>mitt<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plant <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>sell the assetand the sale expected<span class=\"_ _0\"></span> to be completed<span class=\"_ _0\"></span> within one year <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>omthe date of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> classification.<span class=\"ws7\"> </span>PP&amp;E<span class=\"_ _0\"></span> and intangible assets are not depreciated or amor<span class=\"_ _0\"></span>tisedonce classi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed as held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _6\"></span> A<span class=\"_ _0\"></span>sset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and liabil<span class=\"_ _0\"></span>ities classifiedas held for sale are presented separately as cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent items inthe statement of fina<span class=\"_ _0\"></span>ncial <span class=\"ws7\">position<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> </span>Discontinu<span class=\"_ _0\"></span>ed operat<span class=\"_ _a\"></span>ions are excl<span class=\"_ _0\"></span>uded f<span class=\"_ _a\"></span>rom the results<span class=\"_ _0\"></span> ocontinuing op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations and are p<span class=\"_ _0\"></span>resent<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>s a single amountas profit or loss af<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>er tax <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> discontinued operations i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>heconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed income statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-36-5": {
   "value": "Discontinu<span class=\"_ _0\"></span>ed operat<span class=\"_ _a\"></span>ions are excl<span class=\"_ _0\"></span>uded f<span class=\"_ _a\"></span>rom the results<span class=\"_ _0\"></span> ocontinuing op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations and are p<span class=\"_ _0\"></span>resent<span class=\"_ _a\"></span>ed a<span class=\"_ _0\"></span>s a single amountas profit or loss af<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>er tax <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> discontinued operations i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>heconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed income statement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-3": {
   "value": "Shar<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>ders\u2019 e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y<span class=\"ff9a ls7 ws7\"> </span>Divi<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ends of the parent company payable on ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>y sharesare only recognized<span class=\"_ _0\"></span> as a<span class=\"_ _0\"></span> liability in the<span class=\"_ _0\"></span> period in whi<span class=\"_ _0\"></span>ch t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>yare approved. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-38-3": {
   "value": "Costs incurred wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h respect to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ssuance of equityinstruments are recorded as a <span class=\"_ _0\"></span>deduct<span class=\"_ _a\"></span>ion i<span class=\"_ _0\"></span>n equity.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-39-3": {
   "value": "Non<span class=\"ls7 ws7\">-<span class=\"ls153 ws17d\">c<span class=\"_ _0\"></span>ontrollin<span class=\"_ _0\"></span>g interest<span class=\"_ _0\"></span></span> </span>Non-controlli<span class=\"_ _0\"></span>ng <span class=\"_ _6\"></span>interests includ<span class=\"_ _0\"></span>e a proport<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of t<span class=\"_ _6\"></span>he fai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> val<span class=\"_ _0\"></span>ueof identifiable assets and liabilities reco<span class=\"_ _0\"></span>gnized uponacquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of a subsidi<span class=\"_ _0\"></span>ary,<span class=\"_ _6\"></span> toge<span class=\"_ _0\"></span>ther with the<span class=\"_ _0\"></span> appropr<span class=\"_ _a\"></span>iateproportion of subsequent profits an<span class=\"_ _0\"></span>d losses. <span class=\"ws7\"> </span>In the income stat<span class=\"_ _a\"></span>emen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> the minority share in the company\u2019<span class=\"_ _0\"></span>sprofit or loss i<span class=\"_ _0\"></span>s separ<span class=\"_ _a\"></span>ated from the consol<span class=\"_ _0\"></span>idated result of theGrou<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-40-3": {
   "value": "Tr<span class=\"_ _0\"></span>easury shares<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Own equity instruments that are reacquired (treasury shares)are recognised at cost and deducted <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>rom equity<span class=\"_ _0\"></span>. No gain orloss is recogni<span class=\"_ _0\"></span>sed in profit or loss on the purchase, sale, issueor cancellation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the Group\u2019s ow<span class=\"_ _0\"></span>n eq<span class=\"_ _6\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y i<span class=\"_ _0\"></span>nstr<span class=\"_ _6\"></span>uments<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> Anydifference between the carrying amount and theconsideration, if <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eissued, is<span class=\"_ _0\"></span> recognised in <span class=\"_ _0\"></span>the share<span class=\"_ _0\"></span> premium.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-41-3": {
   "value": "Provisions Provision<span class=\"_ _0\"></span>s ar<span class=\"_ _a\"></span>e recognized w<span class=\"_ _0\"></span>hen t<span class=\"_ _a\"></span>he Group <span class=\"_ _6\"></span>has a<span class=\"_ _0\"></span> present<span class=\"_ _a\"></span> legalor construct<span class=\"_ _a\"></span>ive obl<span class=\"_ _0\"></span>igation as a result of past events, when it isprobable that an outflow of resources will be required to settlethe obligation<span class=\"_ _0\"></span> an<span class=\"_ _6\"></span>d whe<span class=\"_ _0\"></span>n a<span class=\"_ _6\"></span> reli<span class=\"_ _0\"></span>ab<span class=\"_ _6\"></span>le <span class=\"_ _0\"></span>est<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mat<span class=\"_ _6\"></span>e of the amount canbe made. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-42-3": {
   "value": "Pens<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>nd oth<span class=\"_ _0\"></span>er pos<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-<span class=\"ls153 ws17d\">empl<span class=\"_ _0\"></span>oyment</span> </span>be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"ls7 ws7\"> </span>Group companies <span class=\"_ _0\"></span>have various pensi<span class=\"_ _0\"></span>on schemes inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the l<span class=\"_ _0\"></span>ocal condition<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>and practices in thecountries they operate in. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>1. <span class=\"ls7 ws166\">Defined benefit plans<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>The defined bene<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans are generally un<span class=\"ws7\">-</span>funded but fullyprovisioned<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or usi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>he \u2018projected unit credit\u2019- <span class=\"_ _0\"></span>method. Thisprovision represents the present<span class=\"_ _0\"></span> value of the<span class=\"_ _0\"></span> defined benefitobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on. The actuar<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span> gains and losses<span class=\"_ _0\"></span> are recognized i<span class=\"_ _0\"></span>nthe<span class=\"_ _0\"></span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7\"> <span class=\"_ _a\"></span><span class=\"ws165\">Comprehensive Income<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>2. <span class=\"ls155 ws18d\">Defi<span class=\"_ _6\"></span>ned contributi<span class=\"_ _a\"></span>on plans<span class=\"ls7 ws7\"> </span></span>The <span class=\"_ _d\"> </span>Group <span class=\"_ _d\"> </span>pays contr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>butions to publicly or privatelyadministered insurance pl<span class=\"_ _0\"></span>ans. Since the <span class=\"ws7\">Group <span class=\"_ _0\"></span></span>is ob<span class=\"_ _0\"></span>liged tomake additional<span class=\"_ _0\"></span> payment<span class=\"_ _6\"></span>s i<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the average return on t<span class=\"_ _a\"></span>heemployer\u2019s contribution and on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>e employees\u2019 contributionsis not<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span>tai<span class=\"_ _0\"></span>ned, those pl<span class=\"_ _0\"></span>ans should be<span class=\"_ _0\"></span> treated as <span class=\"_ _0\"></span>\u201cdef<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nedbenefit plans\u201d in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _a\"></span>AS 19.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>Share base<span class=\"_ _0\"></span>d payment<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock option plans exi<span class=\"_ _0\"></span>st within the<span class=\"_ _0\"></span> SIPEF group<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> gi<span class=\"_ _0\"></span>vingbeneficiaries<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the right<span class=\"_ _0\"></span> to buy<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF sha<span class=\"_ _0\"></span>res at<span class=\"_ _0\"></span> a predefinedprice. This price i<span class=\"_ _0\"></span>s determined a<span class=\"_ _0\"></span>t the time<span class=\"_ _0\"></span> when the optionsare granted and it is based on the ma<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ket price or the intrinsi<span class=\"_ _0\"></span>cvalue. The performance of the beneficiary is measured (at themoment of granting) on the<span class=\"_ _0\"></span> basis of the fair value o<span class=\"_ _0\"></span>f thegranted options and warrants and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized in profit and <span class=\"_ _0\"></span>losswhen the services are rendered<span class=\"_ _0\"></span> during the vesting peri<span class=\"_ _0\"></span>od.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-44-4": {
   "value": "Share base<span class=\"_ _0\"></span>d payment<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock option plans exi<span class=\"_ _0\"></span>st within the<span class=\"_ _0\"></span> SIPEF group<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> gi<span class=\"_ _0\"></span>vingbeneficiaries<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the right<span class=\"_ _0\"></span> to buy<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF sha<span class=\"_ _0\"></span>res at<span class=\"_ _0\"></span> a predefinedprice. This price i<span class=\"_ _0\"></span>s determined a<span class=\"_ _0\"></span>t the time<span class=\"_ _0\"></span> when the optionsare granted and it is based on the ma<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ket price or the intrinsi<span class=\"_ _0\"></span>cvalue. The performance of the beneficiary is measured (at themoment of granting) on the<span class=\"_ _0\"></span> basis of the fair value o<span class=\"_ _0\"></span>f thegranted options and warrants and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized in profit and <span class=\"_ _0\"></span>losswhen the services are rendered<span class=\"_ _0\"></span> during the vesting peri<span class=\"_ _0\"></span>od.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-44-5": {
   "value": "Share base<span class=\"_ _0\"></span>d payment<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock option plans exi<span class=\"_ _0\"></span>st within the<span class=\"_ _0\"></span> SIPEF group<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> gi<span class=\"_ _0\"></span>vingbeneficiaries<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the right<span class=\"_ _0\"></span> to buy<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF sha<span class=\"_ _0\"></span>res at<span class=\"_ _0\"></span> a predefinedprice. This price i<span class=\"_ _0\"></span>s determined a<span class=\"_ _0\"></span>t the time<span class=\"_ _0\"></span> when the optionsare granted and it is based on the ma<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ket price or the intrinsi<span class=\"_ _0\"></span>cvalue. The performance of the beneficiary is measured (at themoment of granting) on the<span class=\"_ _0\"></span> basis of the fair value o<span class=\"_ _0\"></span>f thegranted options and warrants and <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnized in profit and <span class=\"_ _0\"></span>losswhen the services are rendered<span class=\"_ _0\"></span> during the vesting peri<span class=\"_ _0\"></span>od.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForWarrantsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-45-3": {
   "value": "Revenue r<span class=\"_ _0\"></span>ecognitio<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\"> </span>Th<span class=\"_ _0\"></span>e SIP<span class=\"_ _0\"></span>EF group<span class=\"_ _a\"></span>\u2019s core activity is the sal<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>of goods. SIPEFgroup recognises revenue at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>oment the<span class=\"_ _0\"></span> contr<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span> over theasset is transferred to the customer. The goods sol<span class=\"_ _0\"></span>d ar<span class=\"_ _a\"></span>etransport<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by ship and<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecognized as <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>eve<span class=\"_ _0\"></span>nue as soon as<span class=\"_ _0\"></span> thegoods are loaded onto the <span class=\"_ _0\"></span>ship. Reve<span class=\"_ _0\"></span>nue recognition occursat the moment whe<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goods are loade<span class=\"_ _0\"></span>d ont<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he shi<span class=\"_ _0\"></span>p.Revenue i<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>ecorded at this po<span class=\"_ _0\"></span>int in time for all contrac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s w<span class=\"_ _0\"></span>ithinthe<span class=\"_ _a\"></span> SIPEF group. The payment terms depend on the deliveryterms of the contract and can vary be<span class=\"_ _0\"></span>tween<span class=\"ws7\"> </span>pr<span class=\"_ _a\"></span>epayment, cashagainst documents and 45 days af<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>er hand<span class=\"_ _0\"></span>over of the bil<span class=\"_ _0\"></span>l oflading<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>el<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>veries are at a <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed price. For<span class=\"_ _0\"></span> each contract thereis only on<span class=\"_ _0\"></span>e performance obli<span class=\"_ _0\"></span>gation which needs to<span class=\"_ _0\"></span> be fulfil<span class=\"_ _0\"></span>ledthe delivery of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goods.<span class=\"ws7\"> </span>The Group has<span class=\"_ _0\"></span> no material i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>emental<span class=\"_ _0\"></span> cost<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> of obtaini<span class=\"_ _0\"></span>ng acontract which <span class=\"_ _0\"></span>would <span class=\"ls14f ws170\">fu<span class=\"_ _0\"></span>lfil<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>the<span class=\"_ _0\"></span> capitalization criteria as<span class=\"_ _0\"></span> definedby IFRS 15. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-46-3": {
   "value": "Cost of sal<span class=\"_ _0\"></span>es<span class=\"ls7 ws7\"> </span>Cost of sales incl<span class=\"_ _0\"></span>udes all costs associated with harvesttransf<span class=\"_ _a\"></span>ormation an<span class=\"_ _0\"></span>d transport<span class=\"_ _a\"></span>. Purchases are <span class=\"_ _0\"></span>recognized netof cash discounts and other suppli<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> discounts andallowances.  G<span class=\"ls153\">eneral a<span class=\"_ _0\"></span>nd adminis<span class=\"_ _0\"></span>trativ<span class=\"_ _0\"></span>e expenses <span class=\"_ _0\"></span></span> General and administrative expenses incl<span class=\"_ _0\"></span>ude expenses of themarketing and financial<span class=\"_ _0\"></span> depart<span class=\"_ _6\"></span>ment and general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>anagementexpenses. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-47-3": {
   "value": "Income t<span class=\"_ _0\"></span>axes<span class=\"ls7 ws7\"> </span>Income tax on t<span class=\"_ _a\"></span>he pro<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or loss for the year comprises currenand deferred tax. Income <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax <span class=\"_ _0\"></span>is recognized<span class=\"_ _0\"></span> in the income <span class=\"_ _0\"></span><span class=\"ws7\"> </span>statem<span class=\"_ _a\"></span>ent exce<span class=\"_ _0\"></span>pt<span class=\"_ _6\"></span> to<span class=\"_ _0\"></span> the ext<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> that it relates <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>item<span class=\"_ _a\"></span>srecognized di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ectly to equi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y, i<span class=\"_ _0\"></span>n which <span class=\"_ _0\"></span>case it is <span class=\"_ _0\"></span>recognized inequity. Curren<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> tax<span class=\"_ _0\"></span> is the expected tax payabl<span class=\"_ _0\"></span>e on t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>axable i<span class=\"_ _0\"></span>ncomefor the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span>, usi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> enacted or subs<span class=\"_ _0\"></span>tantially enactedat the balan<span class=\"_ _0\"></span>ce sheet date, and any<span class=\"_ _0\"></span> adjustment to tax<span class=\"_ _0\"></span> payablein respect of previou<span class=\"_ _0\"></span>s year<span class=\"_ _a\"></span>s.<span class=\"ws7\"> </span>Deferred tax liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies and assets are recogni<span class=\"_ _0\"></span>zed fotemporar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erences<span class=\"_ _0\"></span> between <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> car<span class=\"_ _a\"></span>rying a<span class=\"_ _0\"></span>mount in thebalance sheet and the tax bases of assets and liabilities andare subsequently adj<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o reflect changes i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>atesexpected to be<span class=\"_ _0\"></span> in e<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fect when<span class=\"_ _0\"></span> the te<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porary di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferencesreverse. Deferred tax assets are incl<span class=\"_ _0\"></span>uded in the consolidatedaccounts only to the extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their realization is probab<span class=\"_ _0\"></span>le inthe foreseeable future.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-48-4": {
   "value": "Deferred tax liabili<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies and assets are recogni<span class=\"_ _0\"></span>zed fotemporar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> diff<span class=\"_ _6\"></span>erences<span class=\"_ _0\"></span> between <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> car<span class=\"_ _a\"></span>rying a<span class=\"_ _0\"></span>mount in thebalance sheet and the tax bases of assets and liabilities andare subsequently adj<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o reflect changes i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>atesexpected to be<span class=\"_ _0\"></span> in e<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fect when<span class=\"_ _0\"></span> the te<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porary di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferencesreverse. Deferred tax assets are incl<span class=\"_ _0\"></span>uded in the consolidatedaccounts only to the extent <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their realization is probab<span class=\"_ _0\"></span>le inthe foreseeable future.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-2": {
   "value": "4.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span>USE OF ACCO<span class=\"_ _a\"></span>UNTING <span class=\"_ _a\"></span>ESTIMAT<span class=\"_ _6\"></span>ES ANDJUD<span class=\"_ _0\"></span>GEMENTS<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>The preparation of the consolidated financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents inconformity <span class=\"_ _4\"></span>wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS requires the <span class=\"_ _0\"></span>Gr<span class=\"_ _a\"></span>oup <span class=\"_ _8\"> </span>to use acco<span class=\"_ _0\"></span>unt<span class=\"_ _a\"></span>ingestimates and judgements and make assumptions that mayaffect<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ted amounts of assets and liabi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities at the dateof the balan<span class=\"_ _0\"></span>ce sheets and reported amounts<span class=\"_ _0\"></span> of revenue andexpense during the reporting pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ods. Act<span class=\"_ _a\"></span>ual resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s coul<span class=\"_ _0\"></span>ddiffer from those estimates.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> we present an update<span class=\"_ _0\"></span> of the mos<span class=\"_ _0\"></span>t importantjudgements <span class=\"ws165\">applicable in the <span class=\"ls14d ws161\">annual<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>report. \u2022 <span class=\"_ _81\"> </span>Judgi<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>and rights wi<span class=\"_ _0\"></span>ll not be amortized unl<span class=\"_ _0\"></span>ess t<span class=\"_ _a\"></span>hereis an ind<span class=\"_ _0\"></span>ication that t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land title might<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>no<span class=\"_ _0\"></span>t be renewed: <span class=\"_ _0\"></span>The main areas in w<span class=\"_ _0\"></span>hich estimates ar<span class=\"_ _a\"></span>e used<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Deferred tax assets<span class=\"_ _0\"></span></span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Impairment of asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"ls151 ws18b\">(good<span class=\"_ _a\"></span>will impa<span class=\"_ _a\"></span>irm<span class=\"_ _6\"></span>ent)<span class=\"ls7 ws7\"> </span></span></span></span>\u2022 <span class=\"_ _81\"> </span>Determination of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he es<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> costs related to<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> saleof PT Melania.<span class=\"ws7\"> </span>The key estimates used in the calcul<span class=\"_ _0\"></span>ation of deferred taxassets and impairment of assets (<span class=\"_ _6\"></span>goodwill im<span class=\"_ _6\"></span>pairm<span class=\"_ _6\"></span>ent) <span class=\"_ _6\"></span>testingrely on making an estimate on commodity prices over a lon<span class=\"_ _0\"></span>gerperiod. By nature,<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he co<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>ity prices used in <span class=\"_ _0\"></span>suchestimates are volatile and wi<span class=\"_ _0\"></span>ll theref<span class=\"_ _a\"></span>ore in reali<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>be differentfrom the estimated<span class=\"_ _0\"></span> amount<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>There is no<span class=\"_ _0\"></span> unique independentvariable on w<span class=\"_ _0\"></span>hich a relevant sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y can<span class=\"_ _0\"></span> be done on thecalcul<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> deferred<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ax<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>. We <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>efer <span class=\"_ _0\"></span>to note 8<span class=\"_ _0\"></span> forthe goodwil<span class=\"_ _0\"></span>l impa<span class=\"_ _a\"></span>irment test<span class=\"_ _a\"></span>ing.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>The determination of the net selli<span class=\"_ _0\"></span>ng price of PT Melaniainclud<span class=\"_ _0\"></span>es an estimat<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of<span class=\"_ _6\"></span> the cos<span class=\"_ _0\"></span>ts related to the sale as agreedin the Sale and pu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>chase<span class=\"_ _0\"></span> agreem<span class=\"_ _a\"></span>ent<span class=\"_ _0\"></span> <span class=\"_\"> </span><span class=\"ffab ls14e ws164\">(\u201cS<span class=\"_ _0\"></span>PA\u201d)<span class=\"_ _0\"></span></span><span class=\"ls14f ws170\">. <span class=\"_\"> </span></span>The<span class=\"_ _0\"></span> mainestimates made include: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The <span class=\"_\"> </span>timing<span class=\"_ _0\"></span> and t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_\"> </span></span>cost of renew<span class=\"_ _0\"></span>ing the permanentconcession righ<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s (HGU)<span class=\"ws7\"> </span>\u2022 <span class=\"_ _81\"> </span>The <span class=\"_ _8\"> </span>compensation for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> accum<span class=\"_ _a\"></span>ulated social<span class=\"_ _0\"></span> rights ofthe employed personnel,<span class=\"_ _0\"></span> who wil<span class=\"_ _0\"></span>l presumably be takenover almost entirely by<span class=\"_ _0\"></span> Shamr<span class=\"_ _a\"></span>ock <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-50-2": {
   "value": "5.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15e ws1af\">GROUP<span class=\"_ _0\"></span> COMPA<span class=\"_ _0\"></span>NIES / CONSOLIDA<span class=\"_ _0\"></span>TION SCOP<span class=\"_ _0\"></span>E </span> The ultimate parent of <span class=\"_ _0\"></span>the <span class=\"ls14e ws164\">Grou<span class=\"_ _0\"></span>p</span>, SIPEF, Schoten/Belgi<span class=\"_ _0\"></span>um,<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s t<span class=\"_ _a\"></span>he p<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ent company of <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>ollow<span class=\"_ _0\"></span>ing significant subsidiaries:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Locati<span class=\"_ _6\"></span>on<span class=\"ls7 ws7\"> </span>% of c<span class=\"_ _a\"></span>ontrol<span class=\"ls7 ws7\"> </span>% of <span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> </span>Conso<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>idated compan<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> (<span class=\"_ _a\"></span>full consolidation)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>Medan / <span class=\"ws7\">Indonesi<span class=\"_ _0\"></span>a </span>95.00 95.00 PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 90.25 PT Kerasaan Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>57.00 54.15 PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 90.25 PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 85.74 PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisesa<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 95.00 PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 95.00 PT Agro Muara Rupit<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>95.00 94.90 Hargy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Bi<span class=\"_ _0\"></span>alla<span class=\"_ _0\"></span> / Pap<span class=\"_ _0\"></span>ua N<span class=\"_ _0\"></span>.G.<span class=\"ls7\"> </span>100.00 100.00 Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> </span>Azagui\u00e9 <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> Ivory Coast<span class=\"_ _0\"></span><span class=\"ws7\"> </span>100.00 100.00 Jabelmalux S<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Luxembourg / G.D. Luxemburg<span class=\"_ _0\"></span><span class=\"ws7\"> </span>99.89 99.89 Sipef Si<span class=\"_ _0\"></span>ngapore<span class=\"_ _6\"></span><span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>100.00 100.00 PT Agro Muko<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>100.00 95.00 PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>100.00 95.00 Associat<span class=\"_ _6\"></span>es and joint<span class=\"_ _6\"></span> ventures (equity<span class=\"_ _6\"></span> me<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hod)<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>38.00 38.00 PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>55.00 52.25 PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>38.00 36.10 Compani<span class=\"_ _a\"></span>es not i<span class=\"_ _6\"></span>ncluded<span class=\"fc28 ls7 ws7\"> </span>Horikiki Devel<span class=\"_ _0\"></span>opment<span class=\"_ _a\"></span> Cy Ltd<span class=\"ws7\"> </span>Honiara / Sol<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>on Islands<span class=\"ws7\"> </span>90.80 90.80 SIPEF has si<span class=\"_ _0\"></span>gned a sal<span class=\"_ _0\"></span>e and purchase agreemen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> with<span class=\"_ _0\"></span> Shamrock Group <span class=\"_ _0\"></span>(SG) on <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> sale of 100%<span class=\"_ _0\"></span> of the share<span class=\"_ _0\"></span> capital o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> itsIndonesian subsi<span class=\"_ _0\"></span>diary,<span class=\"_ _a\"></span> PT Melan<span class=\"_ _0\"></span>ia. In a <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>irst phase<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> 40<span class=\"_ _0\"></span>% was sold s<span class=\"_ _0\"></span>o that the S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>P<span class=\"_ _0\"></span>EF group now<span class=\"_ _0\"></span> owns only 55% o<span class=\"_ _0\"></span>f the share <span class=\"_ _0\"></span>capital.Howeve<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>, upo<span class=\"_ _0\"></span>n sign<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SPA, SIPEF has lost f<span class=\"_ _a\"></span>ull<span class=\"_ _0\"></span> cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> PT Melania. Subsequently, PT Melania has been accounted for asa joint venture held for sale as from 30 April 2021. The assets and liabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ies of PT Melania have been<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>easured at fai<span class=\"_ _0\"></span>r value, equallingthe net selling pri<span class=\"_ _0\"></span>ce of<span class=\"_ _a\"></span> KUS<span class=\"_ _0\"></span>D 23 353. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>As of 30 April 20<span class=\"_ _0\"></span>21,<span class=\"_ _a\"></span> the results of PT Melan<span class=\"_ _0\"></span>ia are no longer included in the consol<span class=\"_ _0\"></span>idated prof<span class=\"_ _a\"></span>it and loss of the SIPEF group <span class=\"_ _4\"></span>as PTMelania i<span class=\"_ _0\"></span>s classified as a joint venture held for sale.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Despite <span class=\"_ _9\"> </span>the possession <span class=\"_ _0\"></span>of the maj<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ity <span class=\"_ _0\"></span>of voting <span class=\"_ _0\"></span>rights, the<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>rou<span class=\"_ _0\"></span>p has no<span class=\"_ _0\"></span> control ove<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">non</span>-consolidated <span class=\"_ _9\"> </span>company HorikikiDevelop<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent Cy Ltd<span class=\"ws7\"> because <span class=\"ls151 ws18b\">it is<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> <span class=\"ws165\">establi<span class=\"_ _0\"></span>shed in inaccessible regions<span class=\"ws166\">. Even so <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>here is no val<span class=\"_ _0\"></span>ue in Horikiki<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span></span></span></span></span></span>There are no restrictions to<span class=\"_ _0\"></span> r<span class=\"ws7\">ealis</span>e assets and <span class=\"ls14f ws170\">s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>e <span class=\"ls151 ws172\">liabilit<span class=\"_ _6\"></span>ies<span class=\"_ _6\"></span> <span class=\"ls14d ws161\">of<span class=\"ls7 ws7\"> subsidiari<span class=\"_ _0\"></span>es<span class=\"fc29\">.<span class=\"_ _a\"></span><span class=\"fc25\">  </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-51-2": {
   "value": "6.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">EXCHANG<span class=\"_ _6\"></span>E RATES<span class=\"ls7 ws7\"> </span></span>As a result<span class=\"_ _0\"></span> of a revised li<span class=\"_ _0\"></span>quidity<span class=\"ws7\">- <span class=\"_ _8\"> </span></span>and debt<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>agement as from the end<span class=\"_ _0\"></span> of 2006 the<span class=\"_ _0\"></span> functional currency in <span class=\"_ _0\"></span>the majority of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hesubsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>ies has been<span class=\"_ _0\"></span> changed to US dollar as from January 1, 200<span class=\"_ _0\"></span>7. The foll<span class=\"_ _0\"></span>owing subsidiar<span class=\"ws7\">y <span class=\"ls14d ws161\">ha</span>s </span>a different functional<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency:<span class=\"ws7\"> </span>Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> <span class=\"_ _16\"> </span> <span class=\"_ _b6\"> </span><span class=\"ff9c ls152 ws179\">EUR</span><span class=\"ff9c\"> </span></span>The exchange rates below<span class=\"_ _0\"></span> have been used to convert <span class=\"_ _0\"></span>the balance sheets and the resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s of<span class=\"_ _0\"></span> these entities into U<span class=\"_ _0\"></span>S dollar (this <span class=\"_ _0\"></span>is thecurrency in which the <span class=\"ws7\">G<span class=\"_ _0\"></span>roup <span class=\"_ _a\"></span><span class=\"ws166\">presents i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>).<span class=\"ws7\"> </span></span></span>Closi<span class=\"_ _a\"></span>ng rat<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>Average rate<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>EUR<span class=\"ls7 ws7\"> </span>0.9393 0.8816 0.9533 0.8480 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-2": {
   "value": "7.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">OPERAT<span class=\"_ _6\"></span>IONAL RESUL<span class=\"_ _a\"></span>T AND <span class=\"ls150 ws16e\">S<span class=\"_ _0\"></span>EGMENT IN<span class=\"_ _0\"></span>FORM<span class=\"_ _0\"></span>ATION<span class=\"_ _0\"></span><span class=\"ls7 ws7\">  </span></span></span>SIPEF's <span class=\"_ _a\"></span><span class=\"ls7 ws166\">activities can be<span class=\"_ _0\"></span> classifi<span class=\"_ _a\"></span>ed into segments based on <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>ype<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> SIPEF has the foll<span class=\"_ _0\"></span>owing segments:<span class=\"ws7\"> </span></span>\u2022 <span class=\"_ _115\"> </span>Palm<span class=\"ls14f ws170\">: </span>Includes all<span class=\"_ _0\"></span> pa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> products, includ<span class=\"_ _0\"></span>ing palm oil,<span class=\"_ _6\"></span> palm kernels and palm kernel oi<span class=\"_ _0\"></span>l, both in Indonesia and Papua New Guinea\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span>Rubber<span class=\"ls14f ws170\">: </span> <span class=\"ws166\">Includes all di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ferent types of <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ubber produced <span class=\"_ _0\"></span><span class=\"ws197\">in I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span><span class=\"ws165\">and sol<span class=\"_ _0\"></span>d by t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SIPEF group<span class=\"ws7\">:<span class=\"_ _0\"></span> </span></span></span></span></span>- <span class=\"ws166\">Ribbed Smoked She<span class=\"_ _0\"></span>et<span class=\"_ _6\"></span>s (R<span class=\"_ _0\"></span>SS)<span class=\"ws7\"> </span></span>- <span class=\"ls14f ws170\">Stan<span class=\"_ _0\"></span></span><span class=\"ws166\">dar<span class=\"_ _a\"></span>d <span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia Rubber (SIR)<span class=\"ws7\"> </span></span>- <span class=\"ws166\">Scraps and Lumps</span> \u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span>Tea<span class=\"ls14f ws170\">: </span><span class=\"ffb1 ws165\">Includes the \u201c</span><span class=\"ws166\">cut, tear<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> cu<span class=\"_ _0\"></span>rl<span class=\"ffb1 ws7\">\u201d<span class=\"ff9c\"> </span></span>(CTC) tea produced by<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ls15f ws165\">PT<span class=\"ls7 ws7\"> Melani<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span><span class=\"ws165\">in Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ws165\">an<span class=\"_ _0\"></span>d which the SIPEF group buys and sell<span class=\"_ _0\"></span>s.<span class=\"ws7\"> </span></span></span></span></span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws165\">Bananas and </span>horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"ls14f ws170\">: </span><span class=\"ws166\">Includes al<span class=\"_ _0\"></span>l sales of bananas and <span class=\"_ _0\"></span></span>horticulture <span class=\"ws166\">originating from Ivory C<span class=\"_ _0\"></span>oast.</span> </span>\u2022 <span class=\"_ _115\"> </span>Corporate: <span class=\"_ _6\"></span>Mainl<span class=\"_ _0\"></span>y includes management fees received<span class=\"_ _0\"></span> from non<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>gro<span class=\"_ _0\"></span>up companies, commissi<span class=\"_ _0\"></span>ons charged on sea<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>reight<span class=\"_ _0\"></span> and othercommissions whi<span class=\"_ _0\"></span>ch are not cover<span class=\"_ _a\"></span>ed by <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he sales <span class=\"_ _0\"></span><span class=\"ws7\">contr<span class=\"_ _a\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> </span>The overview<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> segments below i<span class=\"_ _0\"></span>s based on the SIPEF group<span class=\"ffb1 ws7\">\u2019<span class=\"_ _0\"></span></span>s internal management reporting. The executive commit<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span> is the chiefoperating decisi<span class=\"_ _0\"></span>on maker<span class=\"_ _a\"></span>. The most i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>portant differences w<span class=\"_ _0\"></span>ith I<span class=\"_ _a\"></span>FR<span class=\"_ _0\"></span>S consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on are:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Instead of revenue</span>, <span class=\"ws166\">the gross</span> <span class=\"ws166\">margin per<span class=\"_ _0\"></span> segment is used as <span class=\"_ _0\"></span>the starting point.<span class=\"_ _0\"></span></span> </span>\u2022 <span class=\"_ _115\"> </span>The capital gain on the sale of PT<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>elania <span class=\"_ _0\"></span>was not included<span class=\"ws7\"> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span></span>the \u201cot<span class=\"_ _a\"></span>her operating income/(<span class=\"ff9c ws7\">expenses</span>)\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>but <span class=\"_ _0\"></span><span class=\"ls159 ws166\">is</span> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>ncluded on aseparate line. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Gr<span class=\"_ _a\"></span>oss mar<span class=\"_ _a\"></span>gin per product<span class=\"ls7 ws7\"> </span>Palm 221 248<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>Rubber -<span class=\"ws165\">4 105</span> -<span class=\"ws165\">2 608</span> Tea  <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">134</span> Bananas and pl<span class=\"_ _0\"></span>ants<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>3 803<span class=\"ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span>1 328<span class=\"ws7\"> </span>Total<span class=\"_ _6\"></span> gross margi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>221 031<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">43 424</span> -<span class=\"ws166\">36 891</span> Other<span class=\"_ _a\"></span> ope<span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng income/(<span class=\"ws7\">expenses) </span> <span class=\"ls14d ws161\">705</span> -<span class=\"ws165\">4 552</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l i<span class=\"_ _0\"></span>ncome/<span class=\"_ _a\"></span>(<span class=\"ws7\">cost) </span>-<span class=\"ws165\">2 503</span> -<span class=\"ws165\">2 369</span> Discounti<span class=\"_ _0\"></span>ng S<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>pef<span class=\"ws7\">-</span><span class=\"ls159\">CI<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span> 0  <span class=\"ls14d ws161\">748</span> Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws165\">3 251</span> -<span class=\"ws165\">1 157</span> Result before tax<span class=\"_ _0\"></span><span class=\"ws7\"> </span>172 557<span class=\"ws7\"> </span>124 997<span class=\"ws7\"> </span>Tax expense<span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Effective tax rate<span class=\"ws7\"> </span>-34.5% -28.9% Result after tax<span class=\"_ _0\"></span><span class=\"ws7\"> </span>113 021<span class=\"ws7\"> </span>88 923<span class=\"ws7\"> </span>Share of results of associated co<span class=\"_ _0\"></span>mpanies<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">566</span> -<span class=\"ws165\">1 091</span> Result<span class=\"_ _a\"></span> for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> peri<span class=\"_ _6\"></span>od before sale of<span class=\"_ _a\"></span> PT Melania<span class=\"ls7 ws7\"> </span>112 455<span class=\"ws7\"> </span>87 832<span class=\"ws7\"> </span>Gain on sale P<span class=\"_ _0\"></span>T Melania<span class=\"ws7\"> </span> <span class=\"fc25\">0 </span>11 640<span class=\"ws7\"> </span>Result<span class=\"_ _a\"></span> for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>112 455<span class=\"ws7\"> </span>99 471<span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>esent the segment information per product and per g<span class=\"_ _0\"></span>eographical region<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in accordance w<span class=\"_ _0\"></span>ith the I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS profit and <span class=\"_ _0\"></span>lossaccounts. <span class=\"_ _6\"></span>The segmen<span class=\"_ _0\"></span>t result is revenue minus exp<span class=\"_ _0\"></span>ense that is dire<span class=\"_ _0\"></span>ct<span class=\"_ _a\"></span>ly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> segment and the<span class=\"_ _0\"></span> relevant portion of inco<span class=\"_ _0\"></span>meand expense that can<span class=\"_ _0\"></span> be allocated on a reasonabl<span class=\"_ _0\"></span>e basis to the seg<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Gr<span class=\"_ _0\"></span>oss prof<span class=\"_ _0\"></span>it by pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes in t<span class=\"_ _6\"></span>he 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair value<span class=\"ws7\"> </span>Palm 495 737<span class=\"ws7\"> </span>-<span class=\"ws165\">274 646</span>  <span class=\"ls14d ws161\">157</span> 221 248<span class=\"ws7\"> </span>100.1 Rubber 3 821<span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">7 926</span>  0 -<span class=\"ws165\">4 105</span> -<span class=\"ls15a ws1a5\">1.9<span class=\"_ _0\"></span></span> Tea 4 286<span class=\"ws7\"> </span>-<span class=\"ws165\">4 090</span>  0  <span class=\"ls14d ws161\">195</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 536</span> 1 611<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>1.0<span class=\"ls7 ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span> 0  0 1 397<span class=\"ws7\"> </span>0.6<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0 Changes in t<span class=\"_ _6\"></span>he 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair <span class=\"ls14f ws170\">va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Palm 380 862<span class=\"ws7\"> </span>-<span class=\"ws165\">216 913</span> 2 613<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>98<span class=\"_ _0\"></span>.4<span class=\"ls7 ws7\"> </span>Rubber 8 059<span class=\"ws7\"> </span>-<span class=\"ws166\">10 667</span>  0 -<span class=\"ws165\">2 608</span> -<span class=\"ls15a ws1a5\">1.5<span class=\"_ _0\"></span></span> Tea 2 719<span class=\"ws7\"> </span>-<span class=\"ws165\">2 574</span> - <span class=\"ls14d ws161\">11</span>  <span class=\"ls14d ws161\">134</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>23 085<span class=\"ws7\"> </span>-<span class=\"ws166\">19 085</span> - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2<span class=\"ls7 ws7\"> </span>Corporate 1 328<span class=\"ws7\"> </span> 0  0 1 328<span class=\"ws7\"> </span>0.8<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>416 053<span class=\"ws7\"> </span>-<span class=\"ws165\">249 2<span class=\"ls14d ws161\">40</span></span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0 Total sales i<span class=\"_ _0\"></span>ncreased by 26.7% ver<span class=\"_ _a\"></span>sus<span class=\"_ _0\"></span> 2021 to USD 527 mil<span class=\"_ _0\"></span>lion.<span class=\"ws7\"> </span>Palm oil<span class=\"_ _0\"></span> s<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>es grew by <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2%. The rise i<span class=\"_ _0\"></span>n volumes so<span class=\"_ _a\"></span>ld was <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> due to the signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant<span class=\"_ _a\"></span>ly hi<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>her world market price for crud<span class=\"_ _0\"></span>e palmoil (C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span>). I<span class=\"_ _a\"></span>n addition, <span class=\"_ _0\"></span>the total tonnes of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> p<span class=\"_ _0\"></span>roduced increased by 5.1%. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Sales i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> banana and horticulture segment<span class=\"_ _a\"></span> e<span class=\"_ _0\"></span>xpr<span class=\"_ _6\"></span>esse<span class=\"_ _0\"></span>d in euro, the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal currency, increased by 3.2%, mai<span class=\"_ _0\"></span>nly due to higherunit sell<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pri<span class=\"_ _0\"></span>ces.<span class=\"_ _6\"></span> H<span class=\"_ _0\"></span>owever, af<span class=\"_ _a\"></span>ter conversion to USD, the functional currency of SIPEF, these sale figures decreased by 3.7%<span class=\"_ _0\"></span> due tothe EUR/US<span class=\"_ _0\"></span>D exchange rate evolution.<span class=\"ws7\"> </span>The average ex-factor<span class=\"_ _a\"></span>y unit cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> mat<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span> oil pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> plantations increased signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cantly (+/<span class=\"ws7\">- <span class=\"_ _4\"></span></span>10.0%) in 2022 compared wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h 20<span class=\"_ _0\"></span>21,mainly due to increased<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ertili<span class=\"_ _0\"></span>ser cost<span class=\"_ _a\"></span>s and higher bonus provision<span class=\"_ _a\"></span>s. These negative effects were mitigated by a <span class=\"_ _0\"></span>devaluation of theIndonesian rupiah<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>IDR<span class=\"_ _0\"></span>) against t<span class=\"_ _a\"></span>he USD<span class=\"_ _0\"></span> by 4.0%,<span class=\"ws7\"> </span>reduci<span class=\"_ _0\"></span>ng local costs expr<span class=\"_ _a\"></span>essed in U<span class=\"_ _0\"></span>SD.<span class=\"ws7\"> </span>The average ex<span class=\"ws7\">-</span>fac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ory cos<span class=\"_ _0\"></span>t for the<span class=\"_ _0\"></span> mat<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span> banana plantations ov<span class=\"_ _0\"></span>er the same pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod, expressed in eu<span class=\"_ _0\"></span>ro, the <span class=\"_ _0\"></span>functional<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>currency,increased by 24.7%<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>his sharp i<span class=\"_ _0\"></span>ncrease was due<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> higher input<span class=\"_ _0\"></span> costs, such as<span class=\"_ _0\"></span> fertili<span class=\"_ _0\"></span>ser<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d packaging materials,<span class=\"_ _0\"></span><span class=\"ws7\"> </span>as well<span class=\"_ _0\"></span> as <span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>tart<span class=\"_ _0\"></span>-up costs in the<span class=\"_ _0\"></span> Lum<span class=\"_ _a\"></span>en and Akoudi<span class=\"_ _0\"></span>\u00e9 expansion zones.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The \u2018fair val<span class=\"_ _0\"></span>ue adjustment<span class=\"_ _a\"></span>\u2019 related to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> effect<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> of valuing pe<span class=\"_ _0\"></span>nding fruits at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their fair va<span class=\"_ _0\"></span><span class=\"ff9c ls14e ws1b0\">lue<span class=\"_ _0\"></span> (IAS 41<span class=\"_ _0\"></span>R).<span class=\"ls7 ws7\"> </span></span>Gross profit increased from KUS<span class=\"_ _0\"></span>D 169 218 at the end o<span class=\"_ _0\"></span>f 2021 to K<span class=\"_ _0\"></span>USD 221 03<span class=\"_ _0\"></span>1 at<span class=\"_ _a\"></span> the end o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> 20<span class=\"_ _0\"></span>22, an increase of 30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>6%<span class=\"_ _4\"></span><span class=\"ws7\"> </span>Gross profit from the<span class=\"_ _0\"></span> palm segment grew by<span class=\"_ _0\"></span> KUSD 54<span class=\"_ _0\"></span> 687 t<span class=\"_ _a\"></span>o KUS<span class=\"_ _0\"></span>D 221 248, mainly due <span class=\"_ _0\"></span>to higher net ex<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ill CPO p<span class=\"_ _6\"></span>rices.<span class=\"_ _6\"></span> At USD996 per <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>ne, the average reali<span class=\"_ _0\"></span>sed net ex<span class=\"ws7\">-<span class=\"_ _0\"></span></span>fact<span class=\"_ _a\"></span>ory C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice was <span class=\"_ _0\"></span>23.4% higher <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n that of<span class=\"_ _0\"></span> USD 807 per<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>onne<span class=\"_ _0\"></span> at the same <span class=\"_ _0\"></span>time lastyear. I<span class=\"_ _a\"></span>n<span class=\"_ _0\"></span> addition, higher CPO production (+5<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span>1%) and i<span class=\"_ _0\"></span>ncreased unit cost pr<span class=\"_ _a\"></span>ices <span class=\"_ _0\"></span>(+10.0%<span class=\"_ _a\"></span>) pl<span class=\"_ _0\"></span>ayed an important role, each i<span class=\"_ _0\"></span>n oppositeways. Gross prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the rubber segment <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ur<span class=\"_ _0\"></span>ther<span class=\"_ _a\"></span> decreased from KUSD <span class=\"_ _0\"></span>-<span class=\"ws187\">2 608 in 2021 to KUSD </span>-4 105 in 2022 due to decl<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ning rubberproduction follow<span class=\"_ _0\"></span>ing the accelerated replanting of rubber to<span class=\"_ _0\"></span> palm oil, the accel<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ated depreciations due to<span class=\"_ _0\"></span> the r<span class=\"_ _0\"></span>eplanting<span class=\"_ _0\"></span> and due t<span class=\"_ _a\"></span>othe low rubber prices during<span class=\"_ _0\"></span> 2022.<span class=\"ws7\"> </span>The gross profit of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>banana and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure segment decreased <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>om KUSD 3 803 to KUSD 2 294 due to an increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>otal c<span class=\"_ _0\"></span>osts.This rise w<span class=\"_ _0\"></span>as caused by, cos<span class=\"_ _0\"></span>t inflation in<span class=\"_ _0\"></span> 2022 and the<span class=\"_ _0\"></span> expansion of<span class=\"_ _0\"></span><span class=\"ws7\"> </span>planted<span class=\"_ _0\"></span> areas, which <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> the time<span class=\"_ _0\"></span> being, could no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> be<span class=\"_ _0\"></span> offset bysales.The segment \"corporate\"<span class=\"_ _0\"></span> comprises <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>agement fees<span class=\"_ _0\"></span> received from <span class=\"_ _0\"></span><span class=\"ls14d ws161\">non</span><span class=\"ws7\">-group </span>entities, ad<span class=\"_ _0\"></span>ditional commissions on sea<span class=\"_ _0\"></span> freightsand any other co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>ssions that<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e not i<span class=\"_ _0\"></span>ncluded in the sa<span class=\"_ _0\"></span><span class=\"ws165\">les contr<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>s.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Gross <span class=\"ls154 ws180\">pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>y geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> regi<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span></span>Changes in 2022 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 260 957<span class=\"ws7\"> </span>-<span class=\"ws165\">161 780</span>  <span class=\"ls14d ws161\">968</span>  <span class=\"ls14d ws161\">128</span> 100 272<span class=\"ws7\"> </span>45<span class=\"_ _0\"></span>.4Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>242 888<span class=\"ws7\"> </span>-<span class=\"ws165\">124 880</span>  0  <span class=\"ls14d ws161\">29</span> 118 036<span class=\"ws7\"> </span>53<span class=\"_ _0\"></span>.4Ivory Coast<span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 537</span>  0 1 611<span class=\"ws7\"> </span>2 293<span class=\"ws7\"> </span>1.0Europe  <span class=\"ls14d ws161\">429</span>  0  0  0  <span class=\"ls14d ws161\">429</span> 0.2Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>526 492<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span>  <span class=\"ls14d ws161\">968</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0Changes in 2021 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 215 361<span class=\"ws7\"> </span>-<span class=\"ws165\">130 497</span>  <span class=\"ls14d ws161\">900</span> 1 392<span class=\"ws7\"> </span>87 156<span class=\"ws7\"> </span>51<span class=\"_ _0\"></span>.5Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>167 920<span class=\"ws7\"> </span>-<span class=\"ws166\">91 298</span>  0 1 209<span class=\"ws7\"> </span>77 831<span class=\"ws7\"> </span>46<span class=\"_ _0\"></span>.0Ivory Coast<span class=\"ws7\"> </span>31 444<span class=\"ws7\"> </span>-<span class=\"ws166\">27 445</span>  0 - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2Europe  <span class=\"ls14d ws161\">428</span>  0  0  0  <span class=\"ls14d ws161\">428</span> 0.3Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>415 153<span class=\"ws7\"> </span>-<span class=\"ws165\">249 240</span>  <span class=\"ls14d ws161\">900</span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0Total cost of sal<span class=\"_ _0\"></span>es can be split up in <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> cat<span class=\"_ _a\"></span>egories:<span class=\"ws7\"> </span>1. <span class=\"_ _d\"> </span>Est<span class=\"_ _a\"></span>ate charges - incl<span class=\"_ _0\"></span>udes all charges relating to the f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>eld work to produce the base agricultural products (i.e. <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>resh <span class=\"_ _0\"></span>fruit bunches,latex, bananas, horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure)<span class=\"ws7\">;<span class=\"_ _0\"></span> </span>2. <span class=\"_ _d\"> </span><span class=\"ws17c\">Processing charges </span>- incl<span class=\"_ _0\"></span>udes all charges relati<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the processi<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> base agricul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ural<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>oducts to <span class=\"_ _0\"></span>the finished <span class=\"_ _0\"></span>agr<span class=\"_ _a\"></span>icul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>uralcommodities (i.e. palm oi<span class=\"_ _0\"></span>l, r<span class=\"_ _a\"></span>ubber, .<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>.)<span class=\"_ _0\"></span><span class=\"ws7\">;  </span>3.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls14f ws170\">FFB<span class=\"_ _0\"></span>/CPO/</span>l<span class=\"_ _0\"></span><span class=\"ws165\">atex pur<span class=\"_ _a\"></span>chases <span class=\"ws7\">- </span>includes al<span class=\"_ _0\"></span>l purchases fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> third parties (smallhol<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>s) or associates and joint ventu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span><span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span></span></span>4.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">St<span class=\"_ _a\"></span>ock movement <span class=\"ws7\">- </span>includes the va<span class=\"_ _0\"></span>riance in stock<span class=\"ws7\">; </span></span></span>5.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws166\">Changes in fair value i<span class=\"_ _0\"></span>ncludes the changes in the fair value of<span class=\"_ _0\"></span> the biol<span class=\"_ _0\"></span>ogica<span class=\"_ _a\"></span>l assets of palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">bananas</span>;<span class=\"_ _a\"></span>  </span></span></span>6.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">Sales charges </span>- <span class=\"ws166\">includes al<span class=\"_ _0\"></span>l direct cost<span class=\"_ _a\"></span>s attributable to <span class=\"_ _0\"></span>the sales of the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> (i.e. <span class=\"_ _0\"></span><span class=\"ws7\">t</span>ransport charges, palm oi<span class=\"_ _0\"></span>l export t<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span><span class=\"ws7\">/levy<span class=\"ls14f ws1a6\">, ...<span class=\"_ _0\"></span>)</span>; </span></span></span>7. <span class=\"_ _d\"> </span>G<span class=\"_ _6\"></span>eneral<span class=\"_ _0\"></span> and administrative expenses \u2013<span class=\"_ _0\"></span> <span class=\"ws17c\">includ<span class=\"_ _0\"></span>es all costs related to<span class=\"_ _0\"></span> the overall organi<span class=\"_ _0\"></span>sation <span class=\"ls14f ws170\">(i<span class=\"_ _0\"></span>.e.</span></span> ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al management, financialdepartment, mar<span class=\"_ _a\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ws7\">, </span>inter<span class=\"_ _a\"></span>nal audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, sustainabi<span class=\"_ _0\"></span>lity<span class=\"ls14f ws7\">, etc<span class=\"_ _0\"></span>.).<span class=\"_ _0\"></span><span class=\"ls7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Estate charges<span class=\"ws7\"> </span>171 824<span class=\"ws7\"> </span>150 127<span class=\"ws7\"> </span>Processing charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span>34 363<span class=\"ws7\"> </span>33 003<span class=\"ws7\"> </span>FFB/CPO/latex purchases<span class=\"ws7\"> </span>75 145<span class=\"ws7\"> </span>60 143<span class=\"ws7\"> </span>Stock movement<span class=\"ws7\"> </span>finished products<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 771</span> -<span class=\"ws166\">20 333</span> Changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value<span class=\"ws7\"> </span>1 769<span class=\"ws7\"> </span>2 404<span class=\"ws7\"> </span>Sales charges<span class=\"ws7\"> </span>25 098<span class=\"ws7\"> </span>21 492<span class=\"ws7\"> </span>Cost of sales<span class=\"_ _0\"></span><span class=\"ws7\"> </span>306 429<span class=\"ws7\"> </span>246 835<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>43 424<span class=\"ws7\"> </span>36 891<span class=\"ws7\"> </span>Total cost of sales and<span class=\"_ _0\"></span> general and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>349 853<span class=\"ws7\"> </span>283 726<span class=\"ws7\"> </span>Estate charges have <span class=\"ws7\">increased </span>co<span class=\"_ _0\"></span>mpar<span class=\"_ _a\"></span>ed to l<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span> year du<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> fert<span class=\"_ _a\"></span>ili<span class=\"_ _0\"></span>zer cost<span class=\"_ _a\"></span>s;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span>high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> local <span class=\"ws166\">transporting costs in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l Palms Ltd;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span><span class=\"ws15f\">the additional<span class=\"_ _0\"></span> </span>matur<span class=\"_ _a\"></span>e <span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>res in the Musi R<span class=\"_ _0\"></span>awas region, whereby estate and general <span class=\"_ _0\"></span>field charges are now increasi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>ally\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> FFB productions<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws165\">in 202<span class=\"ws7\">2; </span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws165\">a general i<span class=\"_ _0\"></span>ncrease in costs due to inflation.<span class=\"_ _0\"></span></span> </span>The processing cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s increased sligh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y com<span class=\"_ _a\"></span>pared to prior yea<span class=\"_ _0\"></span>r due to a <span class=\"ffb6\">higher nu<span class=\"_ _0\"></span>mber of FFB\u2019<span class=\"_ _0\"></span>s </span><span class=\"ws7\">being processed.  </span>Purchases of FFB/CPO/Latex i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased by<span class=\"_ _0\"></span> KUSD 15<span class=\"_ _0\"></span> 002, mai<span class=\"_ _0\"></span>nly due to the<span class=\"_ _0\"></span> increase in purchases<span class=\"_ _0\"></span> of FFB from <span class=\"_ _0\"></span>third parties at H<span class=\"_ _0\"></span>argyOil Pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>s Ltd, which increased by KUSD 10 679 or 27.6%, largely due to high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> purchase prices of FFB, the price of which <span class=\"_ _0\"></span>is rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>edto C<span class=\"_ _0\"></span>PO.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>evels were in li<span class=\"_ _0\"></span>ne with<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>or year <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>inor<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>ock<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>vem<span class=\"_ _a\"></span>ent. The s<span class=\"_ _0\"></span>tock movement in <span class=\"_ _0\"></span>2021 was cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>terized by hi<span class=\"_ _0\"></span>ghstock of palm products<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>bined w<span class=\"_ _0\"></span>ith high world market prices a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> y<span class=\"_ _0\"></span>ear<span class=\"ws7\">-<span class=\"ws165\">end compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o 20<span class=\"_ _0\"></span>20. <span class=\"ws7\"> </span></span></span>Sales cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s have increased due to the hi<span class=\"_ _0\"></span>gher t<span class=\"_ _a\"></span>ransportation and <span class=\"_ _0\"></span>freight prices on the<span class=\"_ _0\"></span> world market. <span class=\"_ _0\"></span><span class=\"ws7\">  </span>Total depreciation<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount<span class=\"ws7\">s <span class=\"_ _0\"></span></span>to KU<span class=\"_ _0\"></span>SD 4<span class=\"_ _a\"></span>7 939. Most of the depreciation <span class=\"_ _0\"></span><span class=\"ws7\">was <span class=\"_ _0\"></span></span>included i<span class=\"_ _0\"></span>n<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the estate and processing charges (K<span class=\"_ _0\"></span>USD4<span class=\"ws1a9\">3 070</span>)<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span>In addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span><span class=\"ws7\"> </span>total<span class=\"_ _0\"></span> of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">3 <span class=\"_ _0\"></span></span><span class=\"ws7\">868 <span class=\"_ _0\"></span>o</span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciation cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>recorded in the<span class=\"_ _0\"></span> \"G<span class=\"_ _a\"></span>eneral<span class=\"_ _0\"></span> and admi<span class=\"_ _0\"></span>nistr<span class=\"_ _a\"></span>ative\" expenses<span class=\"_ _0\"></span> andKUS<span class=\"_ _6\"></span>D <span class=\"ls14d ws161\">1 001<span class=\"ls7 ws7\"> <span class=\"ws166\">in \"other operating i<span class=\"_ _0\"></span>ncome/</span>(<span class=\"_ _a\"></span>expenses)\"<span class=\"ls15b ws1a8\">. </span> </span></span>General and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses increased <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ast<span class=\"_ _6\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>, mainly as a result of the raised bonus prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nkedto bett<span class=\"_ _a\"></span>er resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s, <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>urther deployment of the Si<span class=\"_ _0\"></span>ngapore branch off<span class=\"_ _a\"></span>ice centralizi<span class=\"_ _0\"></span>ng the internal IT services of t<span class=\"_ _a\"></span>he Group a<span class=\"_ _0\"></span>nd thenormalization of travel budgets <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing the covi<span class=\"_ _0\"></span>d<span class=\"ws7\">-</span>19 pandemic.<span class=\"ws7\"> </span>Revenue b<span class=\"_ _0\"></span>y locati<span class=\"_ _0\"></span>on<span class=\"_ _a\"></span> of t<span class=\"_ _0\"></span>he debtors<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>In <span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Indonesia 246 604<span class=\"ws7\"> </span>205 284<span class=\"ws7\"> </span>The Netherlands<span class=\"ws7\"> </span>133 570<span class=\"ws7\"> </span>152 297<span class=\"ws7\"> </span>Swi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _6\"></span> 91 059<span class=\"ws7\"> </span>7 822<span class=\"ws7\"> </span>Belgi<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> 12 112<span class=\"ws7\"> </span>6 360<span class=\"ws7\"> </span>Malaysia 10 970<span class=\"ws7\"> </span>8 460<span class=\"ws7\"> </span>France 10 250<span class=\"ws7\"> </span>9 408<span class=\"ws7\"> </span>United Ki<span class=\"_ _0\"></span>ngdom<span class=\"_ _6\"></span><span class=\"ws7\"> </span>7 494<span class=\"ws7\"> </span>5 677<span class=\"ws7\"> </span>Germany 4 018<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">928</span> Ivory coast<span class=\"ws7\"> </span>3 538<span class=\"ws7\"> </span>3 602<span class=\"ws7\"> </span>Ireland 2 004<span class=\"ls7 ws7\"> </span>1 671<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e 1 512<span class=\"ws7\"> </span>5 627<span class=\"ws7\"> </span>China 1 388<span class=\"ws7\"> </span>1 557<span class=\"ws7\"> </span>Afghanistan   <span class=\"ls14d ws161\">992</span>  <span class=\"ls14d ws161\">116</span> Pakistan  <span class=\"ls14d ws161\">693</span>  <span class=\"ls14d ws161\">111</span> United States<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">593</span> 3 726<span class=\"ws7\"> </span>United Arab. Emirates<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">494</span>  <span class=\"ls14d ws161\">195</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">80</span>  <span class=\"ls14d ws161\">93</span> Spain  <span class=\"ls14d ws161\">69</span> 2 634<span class=\"ws7\"> </span>Poland  <span class=\"ls14d ws161\">19</span>  <span class=\"ls14d ws161\">485</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>416 053<span class=\"ws7\"> </span>The revenue of the Group is realised agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> a relatively smal<span class=\"_ _0\"></span>l nu<span class=\"_ _a\"></span>mber of first<span class=\"ws7\">-</span>class buyers: pe<span class=\"_ _0\"></span>r pr<span class=\"_ _a\"></span>oduct about 90% of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he revenuefrom contracts with cus<span class=\"_ _0\"></span>tom<span class=\"_ _a\"></span>ers<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>is realized<span class=\"_ _0\"></span> with a maximum of 10<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. For addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal information we <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>efer to<span class=\"_ _0\"></span> not<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> 26 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ls14f ws170\">fi<span class=\"_ _0\"></span>na</span>nci<span class=\"_ _0\"></span>ainstruments. Segm<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>nform<span class=\"_ _0\"></span>ation <span class=\"ffb9 ls7 ws7\">\u2013<span class=\"ff9a\"> <span class=\"_ _0\"></span></span></span>geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _a\"></span><span class=\"ls162 ws1b5\">in<span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>rmati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span></span></span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Indonesi<span class=\"_ _6\"></span>a<span class=\"ls7 ws7\"> </span>PNG<span class=\"ls7 ws7\"> </span>Ivory Coast<span class=\"ws7\"> </span>Europe<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Singapor<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>TotaIntangible assets<span class=\"ws7\"> </span> 0  0  0  <span class=\"ls14d ws161\">226</span>  0  226Goodwill 104 782<span class=\"ws7\"> </span> 0  0  0  0 104 782Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>236 406<span class=\"ws7\"> </span>79 844<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">464</span>  0  0 316 714Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant &amp; equi<span class=\"_ _0\"></span>pment<span class=\"ws7\"> </span>267 239<span class=\"ws7\"> </span>101 664<span class=\"ws7\"> </span>9 723<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">503</span>  <span class=\"ls14d ws161\">801</span> 379 931Investm<span class=\"_ _a\"></span>ents i<span class=\"_ _0\"></span>n associates and joint ventures<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span>  0  0  0 3 801<span class=\"ws7\"> </span>3 032Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial assets<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">46</span>  0  <span class=\"ls14d ws161\">37</span>  <span class=\"ls14d ws161\">15</span>  0  98Receivables &gt; 1 year<span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span> 0  0  0  0 28 287Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11 762<span class=\"ws7\"> </span> 0  <span class=\"ls14d ws161\">558</span> 1 776<span class=\"ws7\"> </span> 0 14 097Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>647 753<span class=\"ws7\"> </span>181 508<span class=\"ws7\"> </span>10 783<span class=\"ws7\"> </span>2 521<span class=\"ws7\"> </span>4 603<span class=\"ws7\"> </span>847 168% of total<span class=\"ls7\"> </span>76.46%<span class=\"ls7 ws7\"> </span>21.43%<span class=\"ls7 ws7\"> </span>1.27%<span class=\"ls7 ws7\"> </span>0.30%<span class=\"ls7 ws7\"> </span>0.54%<span class=\"ls7 ws7\"> </span>100.00%2021<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Indonesi<span class=\"_ _6\"></span>a<span class=\"ls7 ws7\"> </span>PNG<span class=\"ls7 ws7\"> </span>Ivory Coast<span class=\"ws7\"> </span>Europe<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Singapor<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>TotalIntangible assets<span class=\"ws7\"> </span> 0  0  0  <span class=\"ls14d ws161\">348</span>  0  <span class=\"ls14d ws161\">348</span>Goodwill 104 782<span class=\"ws7\"> </span> 0  0  0  0 104 782 Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>226 144<span class=\"ws7\"> </span>80 950<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">277</span>  0  0 307 371 Other<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>operty, plant &amp; equi<span class=\"_ _0\"></span>pment<span class=\"ws7\"> </span>253 032<span class=\"ws7\"> </span>98 848<span class=\"ws7\"> </span>7 311<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">704</span>  0 359 896 Investm<span class=\"_ _a\"></span>ents i<span class=\"_ _0\"></span>n associates and joint ventures<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">749</span>  0  0  0 4 347<span class=\"ws7\"> </span>3 598Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial assets<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">46</span>  0  <span class=\"ls14d ws161\">31</span>  <span class=\"ls14d ws161\">15</span>  0  <span class=\"ls14d ws161\">92</span> Receivables &gt; 1 year<span class=\"ws7\"> </span>25 666<span class=\"ws7\"> </span> 0  0  0  0 25 666 Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 995<span class=\"ws7\"> </span> 0  <span class=\"ls14d ws161\">319</span> 2 237<span class=\"ws7\"> </span> 0 13 550 Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>619 916<span class=\"ws7\"> </span>179 798<span class=\"ws7\"> </span>7 938<span class=\"ws7\"> </span>3 304<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>815 303 % of total<span class=\"ls7\"> </span>76.03%<span class=\"ls7 ws7\"> </span>22.05%<span class=\"ls7 ws7\"> </span>0.97%<span class=\"ls7 ws7\"> </span>0.41%<span class=\"ls7 ws7\"> </span>0.53%<span class=\"ls7 ws7\"> </span>100.00%The assets<span class=\"_ _0\"></span> of Indonesia relate<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r roughl<span class=\"_ _0\"></span>y 98% to the<span class=\"_ _0\"></span> palm segme<span class=\"_ _0\"></span>nt and roughly 2%<span class=\"_ _0\"></span> to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> rubber segments. T<span class=\"_ _0\"></span>he assets of<span class=\"_ _0\"></span> PNGrelate 100% to the palm segment. The assets of Ivory coast relate<span class=\"_ _0\"></span> 100% t<span class=\"_ _a\"></span>o the bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure segment<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>The assets oSingap<span class=\"_ _0\"></span>ore r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ate pr<span class=\"_ _a\"></span>imarily to<span class=\"_ _0\"></span> Verdant Biosci<span class=\"_ _0\"></span>ence Pte Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span> conducting<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esearch i<span class=\"_ _0\"></span>nto and devel<span class=\"_ _0\"></span>oping high<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>yielding seeds<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>T<span class=\"_ _0\"></span>he assets oEurope do not relate<span class=\"_ _0\"></span> specifically to one product segmen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-3": {
   "value": "7.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">OPERAT<span class=\"_ _6\"></span>IONAL RESUL<span class=\"_ _a\"></span>T AND <span class=\"ls150 ws16e\">S<span class=\"_ _0\"></span>EGMENT IN<span class=\"_ _0\"></span>FORM<span class=\"_ _0\"></span>ATION<span class=\"_ _0\"></span><span class=\"ls7 ws7\">  </span></span></span>SIPEF's <span class=\"_ _a\"></span><span class=\"ls7 ws166\">activities can be<span class=\"_ _0\"></span> classifi<span class=\"_ _a\"></span>ed into segments based on <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>ype<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> produc<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> SIPEF has the foll<span class=\"_ _0\"></span>owing segments:<span class=\"ws7\"> </span></span>\u2022 <span class=\"_ _115\"> </span>Palm<span class=\"ls14f ws170\">: </span>Includes all<span class=\"_ _0\"></span> pa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> products, includ<span class=\"_ _0\"></span>ing palm oil,<span class=\"_ _6\"></span> palm kernels and palm kernel oi<span class=\"_ _0\"></span>l, both in Indonesia and Papua New Guinea\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span>Rubber<span class=\"ls14f ws170\">: </span> <span class=\"ws166\">Includes all di<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ferent types of <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ubber produced <span class=\"_ _0\"></span><span class=\"ws197\">in I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span><span class=\"ws165\">and sol<span class=\"_ _0\"></span>d by t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SIPEF group<span class=\"ws7\">:<span class=\"_ _0\"></span> </span></span></span></span></span>- <span class=\"ws166\">Ribbed Smoked She<span class=\"_ _0\"></span>et<span class=\"_ _6\"></span>s (R<span class=\"_ _0\"></span>SS)<span class=\"ws7\"> </span></span>- <span class=\"ls14f ws170\">Stan<span class=\"_ _0\"></span></span><span class=\"ws166\">dar<span class=\"_ _a\"></span>d <span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia Rubber (SIR)<span class=\"ws7\"> </span></span>- <span class=\"ws166\">Scraps and Lumps</span> \u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span>Tea<span class=\"ls14f ws170\">: </span><span class=\"ffb1 ws165\">Includes the \u201c</span><span class=\"ws166\">cut, tear<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> cu<span class=\"_ _0\"></span>rl<span class=\"ffb1 ws7\">\u201d<span class=\"ff9c\"> </span></span>(CTC) tea produced by<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ls15f ws165\">PT<span class=\"ls7 ws7\"> Melani<span class=\"_ _0\"></span>a <span class=\"_ _a\"></span><span class=\"ws165\">in Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ws165\">an<span class=\"_ _0\"></span>d which the SIPEF group buys and sell<span class=\"_ _0\"></span>s.<span class=\"ws7\"> </span></span></span></span></span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws165\">Bananas and </span>horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"ls14f ws170\">: </span><span class=\"ws166\">Includes al<span class=\"_ _0\"></span>l sales of bananas and <span class=\"_ _0\"></span></span>horticulture <span class=\"ws166\">originating from Ivory C<span class=\"_ _0\"></span>oast.</span> </span>\u2022 <span class=\"_ _115\"> </span>Corporate: <span class=\"_ _6\"></span>Mainl<span class=\"_ _0\"></span>y includes management fees received<span class=\"_ _0\"></span> from non<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>gro<span class=\"_ _0\"></span>up companies, commissi<span class=\"_ _0\"></span>ons charged on sea<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>reight<span class=\"_ _0\"></span> and othercommissions whi<span class=\"_ _0\"></span>ch are not cover<span class=\"_ _a\"></span>ed by <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he sales <span class=\"_ _0\"></span><span class=\"ws7\">contr<span class=\"_ _a\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> </span>The overview<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> segments below i<span class=\"_ _0\"></span>s based on the SIPEF group<span class=\"ffb1 ws7\">\u2019<span class=\"_ _0\"></span></span>s internal management reporting. The executive commit<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span> is the chiefoperating decisi<span class=\"_ _0\"></span>on maker<span class=\"_ _a\"></span>. The most i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>portant differences w<span class=\"_ _0\"></span>ith I<span class=\"_ _a\"></span>FR<span class=\"_ _0\"></span>S consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on are:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Instead of revenue</span>, <span class=\"ws166\">the gross</span> <span class=\"ws166\">margin per<span class=\"_ _0\"></span> segment is used as <span class=\"_ _0\"></span>the starting point.<span class=\"_ _0\"></span></span> </span>\u2022 <span class=\"_ _115\"> </span>The capital gain on the sale of PT<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>elania <span class=\"_ _0\"></span>was not included<span class=\"ws7\"> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span></span>the \u201cot<span class=\"_ _a\"></span>her operating income/(<span class=\"ff9c ws7\">expenses</span>)\u201d<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>but <span class=\"_ _0\"></span><span class=\"ls159 ws166\">is</span> <span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>ncluded on aseparate line. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Gr<span class=\"_ _a\"></span>oss mar<span class=\"_ _a\"></span>gin per product<span class=\"ls7 ws7\"> </span>Palm 221 248<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>Rubber -<span class=\"ws165\">4 105</span> -<span class=\"ws165\">2 608</span> Tea  <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">134</span> Bananas and pl<span class=\"_ _0\"></span>ants<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>3 803<span class=\"ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span>1 328<span class=\"ws7\"> </span>Total<span class=\"_ _6\"></span> gross margi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>221 031<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">43 424</span> -<span class=\"ws166\">36 891</span> Other<span class=\"_ _a\"></span> ope<span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng income/(<span class=\"ws7\">expenses) </span> <span class=\"ls14d ws161\">705</span> -<span class=\"ws165\">4 552</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l i<span class=\"_ _0\"></span>ncome/<span class=\"_ _a\"></span>(<span class=\"ws7\">cost) </span>-<span class=\"ws165\">2 503</span> -<span class=\"ws165\">2 369</span> Discounti<span class=\"_ _0\"></span>ng S<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>pef<span class=\"ws7\">-</span><span class=\"ls159\">CI<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span> 0  <span class=\"ls14d ws161\">748</span> Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws165\">3 251</span> -<span class=\"ws165\">1 157</span> Result before tax<span class=\"_ _0\"></span><span class=\"ws7\"> </span>172 557<span class=\"ws7\"> </span>124 997<span class=\"ws7\"> </span>Tax expense<span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Effective tax rate<span class=\"ws7\"> </span>-34.5% -28.9% Result after tax<span class=\"_ _0\"></span><span class=\"ws7\"> </span>113 021<span class=\"ws7\"> </span>88 923<span class=\"ws7\"> </span>Share of results of associated co<span class=\"_ _0\"></span>mpanies<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">566</span> -<span class=\"ws165\">1 091</span> Result<span class=\"_ _a\"></span> for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> peri<span class=\"_ _6\"></span>od before sale of<span class=\"_ _a\"></span> PT Melania<span class=\"ls7 ws7\"> </span>112 455<span class=\"ws7\"> </span>87 832<span class=\"ws7\"> </span>Gain on sale P<span class=\"_ _0\"></span>T Melania<span class=\"ws7\"> </span> <span class=\"fc25\">0 </span>11 640<span class=\"ws7\"> </span>Result<span class=\"_ _a\"></span> for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>112 455<span class=\"ws7\"> </span>99 471<span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>esent the segment information per product and per g<span class=\"_ _0\"></span>eographical region<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in accordance w<span class=\"_ _0\"></span>ith the I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS profit and <span class=\"_ _0\"></span>lossaccounts. <span class=\"_ _6\"></span>The segmen<span class=\"_ _0\"></span>t result is revenue minus exp<span class=\"_ _0\"></span>ense that is dire<span class=\"_ _0\"></span>ct<span class=\"_ _a\"></span>ly attributabl<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> segment and the<span class=\"_ _0\"></span> relevant portion of inco<span class=\"_ _0\"></span>meand expense that can<span class=\"_ _0\"></span> be allocated on a reasonabl<span class=\"_ _0\"></span>e basis to the seg<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Gr<span class=\"_ _0\"></span>oss prof<span class=\"_ _0\"></span>it by pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes in t<span class=\"_ _6\"></span>he 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair value<span class=\"ws7\"> </span>Palm 495 737<span class=\"ws7\"> </span>-<span class=\"ws165\">274 646</span>  <span class=\"ls14d ws161\">157</span> 221 248<span class=\"ws7\"> </span>100.1 Rubber 3 821<span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">7 926</span>  0 -<span class=\"ws165\">4 105</span> -<span class=\"ls15a ws1a5\">1.9<span class=\"_ _0\"></span></span> Tea 4 286<span class=\"ws7\"> </span>-<span class=\"ws165\">4 090</span>  0  <span class=\"ls14d ws161\">195</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 536</span> 1 611<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>1.0<span class=\"ls7 ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span> 0  0 1 397<span class=\"ws7\"> </span>0.6<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0 Changes in t<span class=\"_ _6\"></span>he 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair <span class=\"ls14f ws170\">va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Palm 380 862<span class=\"ws7\"> </span>-<span class=\"ws165\">216 913</span> 2 613<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>98<span class=\"_ _0\"></span>.4<span class=\"ls7 ws7\"> </span>Rubber 8 059<span class=\"ws7\"> </span>-<span class=\"ws166\">10 667</span>  0 -<span class=\"ws165\">2 608</span> -<span class=\"ls15a ws1a5\">1.5<span class=\"_ _0\"></span></span> Tea 2 719<span class=\"ws7\"> </span>-<span class=\"ws165\">2 574</span> - <span class=\"ls14d ws161\">11</span>  <span class=\"ls14d ws161\">134</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>23 085<span class=\"ws7\"> </span>-<span class=\"ws166\">19 085</span> - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2<span class=\"ls7 ws7\"> </span>Corporate 1 328<span class=\"ws7\"> </span> 0  0 1 328<span class=\"ws7\"> </span>0.8<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>416 053<span class=\"ws7\"> </span>-<span class=\"ws165\">249 2<span class=\"ls14d ws161\">40</span></span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0 Total sales i<span class=\"_ _0\"></span>ncreased by 26.7% ver<span class=\"_ _a\"></span>sus<span class=\"_ _0\"></span> 2021 to USD 527 mil<span class=\"_ _0\"></span>lion.<span class=\"ws7\"> </span>Palm oil<span class=\"_ _0\"></span> s<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>es grew by <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2%. The rise i<span class=\"_ _0\"></span>n volumes so<span class=\"_ _a\"></span>ld was <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> due to the signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant<span class=\"_ _a\"></span>ly hi<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>her world market price for crud<span class=\"_ _0\"></span>e palmoil (C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span>). I<span class=\"_ _a\"></span>n addition, <span class=\"_ _0\"></span>the total tonnes of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> p<span class=\"_ _0\"></span>roduced increased by 5.1%. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Sales i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> banana and horticulture segment<span class=\"_ _a\"></span> e<span class=\"_ _0\"></span>xpr<span class=\"_ _6\"></span>esse<span class=\"_ _0\"></span>d in euro, the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal currency, increased by 3.2%, mai<span class=\"_ _0\"></span>nly due to higherunit sell<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pri<span class=\"_ _0\"></span>ces.<span class=\"_ _6\"></span> H<span class=\"_ _0\"></span>owever, af<span class=\"_ _a\"></span>ter conversion to USD, the functional currency of SIPEF, these sale figures decreased by 3.7%<span class=\"_ _0\"></span> due tothe EUR/US<span class=\"_ _0\"></span>D exchange rate evolution.<span class=\"ws7\"> </span>The average ex-factor<span class=\"_ _a\"></span>y unit cos<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> mat<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span> oil pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> plantations increased signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cantly (+/<span class=\"ws7\">- <span class=\"_ _4\"></span></span>10.0%) in 2022 compared wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h 20<span class=\"_ _0\"></span>21,mainly due to increased<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ertili<span class=\"_ _0\"></span>ser cost<span class=\"_ _a\"></span>s and higher bonus provision<span class=\"_ _a\"></span>s. These negative effects were mitigated by a <span class=\"_ _0\"></span>devaluation of theIndonesian rupiah<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>IDR<span class=\"_ _0\"></span>) against t<span class=\"_ _a\"></span>he USD<span class=\"_ _0\"></span> by 4.0%,<span class=\"ws7\"> </span>reduci<span class=\"_ _0\"></span>ng local costs expr<span class=\"_ _a\"></span>essed in U<span class=\"_ _0\"></span>SD.<span class=\"ws7\"> </span>The average ex<span class=\"ws7\">-</span>fac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ory cos<span class=\"_ _0\"></span>t for the<span class=\"_ _0\"></span> mat<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span> banana plantations ov<span class=\"_ _0\"></span>er the same pe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iod, expressed in eu<span class=\"_ _0\"></span>ro, the <span class=\"_ _0\"></span>functional<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>currency,increased by 24.7%<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>his sharp i<span class=\"_ _0\"></span>ncrease was due<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> higher input<span class=\"_ _0\"></span> costs, such as<span class=\"_ _0\"></span> fertili<span class=\"_ _0\"></span>ser<span class=\"_ _6\"></span>s an<span class=\"_ _0\"></span>d packaging materials,<span class=\"_ _0\"></span><span class=\"ws7\"> </span>as well<span class=\"_ _0\"></span> as <span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>tart<span class=\"_ _0\"></span>-up costs in the<span class=\"_ _0\"></span> Lum<span class=\"_ _a\"></span>en and Akoudi<span class=\"_ _0\"></span>\u00e9 expansion zones.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The \u2018fair val<span class=\"_ _0\"></span>ue adjustment<span class=\"_ _a\"></span>\u2019 related to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> effect<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> of valuing pe<span class=\"_ _0\"></span>nding fruits at<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>their fair va<span class=\"_ _0\"></span><span class=\"ff9c ls14e ws1b0\">lue<span class=\"_ _0\"></span> (IAS 41<span class=\"_ _0\"></span>R).<span class=\"ls7 ws7\"> </span></span>Gross profit increased from KUS<span class=\"_ _0\"></span>D 169 218 at the end o<span class=\"_ _0\"></span>f 2021 to K<span class=\"_ _0\"></span>USD 221 03<span class=\"_ _0\"></span>1 at<span class=\"_ _a\"></span> the end o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> 20<span class=\"_ _0\"></span>22, an increase of 30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>6%<span class=\"_ _4\"></span><span class=\"ws7\"> </span>Gross profit from the<span class=\"_ _0\"></span> palm segment grew by<span class=\"_ _0\"></span> KUSD 54<span class=\"_ _0\"></span> 687 t<span class=\"_ _a\"></span>o KUS<span class=\"_ _0\"></span>D 221 248, mainly due <span class=\"_ _0\"></span>to higher net ex<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ill CPO p<span class=\"_ _6\"></span>rices.<span class=\"_ _6\"></span> At USD996 per <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>ne, the average reali<span class=\"_ _0\"></span>sed net ex<span class=\"ws7\">-<span class=\"_ _0\"></span></span>fact<span class=\"_ _a\"></span>ory C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice was <span class=\"_ _0\"></span>23.4% higher <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n that of<span class=\"_ _0\"></span> USD 807 per<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>onne<span class=\"_ _0\"></span> at the same <span class=\"_ _0\"></span>time lastyear. I<span class=\"_ _a\"></span>n<span class=\"_ _0\"></span> addition, higher CPO production (+5<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span>1%) and i<span class=\"_ _0\"></span>ncreased unit cost pr<span class=\"_ _a\"></span>ices <span class=\"_ _0\"></span>(+10.0%<span class=\"_ _a\"></span>) pl<span class=\"_ _0\"></span>ayed an important role, each i<span class=\"_ _0\"></span>n oppositeways. Gross prof<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the rubber segment <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ur<span class=\"_ _0\"></span>ther<span class=\"_ _a\"></span> decreased from KUSD <span class=\"_ _0\"></span>-<span class=\"ws187\">2 608 in 2021 to KUSD </span>-4 105 in 2022 due to decl<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ning rubberproduction follow<span class=\"_ _0\"></span>ing the accelerated replanting of rubber to<span class=\"_ _0\"></span> palm oil, the accel<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ated depreciations due to<span class=\"_ _0\"></span> the r<span class=\"_ _0\"></span>eplanting<span class=\"_ _0\"></span> and due t<span class=\"_ _a\"></span>othe low rubber prices during<span class=\"_ _0\"></span> 2022.<span class=\"ws7\"> </span>The gross profit of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>banana and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure segment decreased <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>om KUSD 3 803 to KUSD 2 294 due to an increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>otal c<span class=\"_ _0\"></span>osts.This rise w<span class=\"_ _0\"></span>as caused by, cos<span class=\"_ _0\"></span>t inflation in<span class=\"_ _0\"></span> 2022 and the<span class=\"_ _0\"></span> expansion of<span class=\"_ _0\"></span><span class=\"ws7\"> </span>planted<span class=\"_ _0\"></span> areas, which <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> the time<span class=\"_ _0\"></span> being, could no<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> be<span class=\"_ _0\"></span> offset bysales.The segment \"corporate\"<span class=\"_ _0\"></span> comprises <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>agement fees<span class=\"_ _0\"></span> received from <span class=\"_ _0\"></span><span class=\"ls14d ws161\">non</span><span class=\"ws7\">-group </span>entities, ad<span class=\"_ _0\"></span>ditional commissions on sea<span class=\"_ _0\"></span> freightsand any other co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>ssions that<span class=\"_ _a\"></span> a<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e not i<span class=\"_ _0\"></span>ncluded in the sa<span class=\"_ _0\"></span><span class=\"ws165\">les contr<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>s.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>Gross <span class=\"ls154 ws180\">pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>y geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> regi<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span></span>Changes in 2022 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 260 957<span class=\"ws7\"> </span>-<span class=\"ws165\">161 780</span>  <span class=\"ls14d ws161\">968</span>  <span class=\"ls14d ws161\">128</span> 100 272<span class=\"ws7\"> </span>45<span class=\"_ _0\"></span>.4Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>242 888<span class=\"ws7\"> </span>-<span class=\"ws165\">124 880</span>  0  <span class=\"ls14d ws161\">29</span> 118 036<span class=\"ws7\"> </span>53<span class=\"_ _0\"></span>.4Ivory Coast<span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 537</span>  0 1 611<span class=\"ws7\"> </span>2 293<span class=\"ws7\"> </span>1.0Europe  <span class=\"ls14d ws161\">429</span>  0  0  0  <span class=\"ls14d ws161\">429</span> 0.2Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>526 492<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span>  <span class=\"ls14d ws161\">968</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0Changes in 2021 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 215 361<span class=\"ws7\"> </span>-<span class=\"ws165\">130 497</span>  <span class=\"ls14d ws161\">900</span> 1 392<span class=\"ws7\"> </span>87 156<span class=\"ws7\"> </span>51<span class=\"_ _0\"></span>.5Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>167 920<span class=\"ws7\"> </span>-<span class=\"ws166\">91 298</span>  0 1 209<span class=\"ws7\"> </span>77 831<span class=\"ws7\"> </span>46<span class=\"_ _0\"></span>.0Ivory Coast<span class=\"ws7\"> </span>31 444<span class=\"ws7\"> </span>-<span class=\"ws166\">27 445</span>  0 - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2Europe  <span class=\"ls14d ws161\">428</span>  0  0  0  <span class=\"ls14d ws161\">428</span> 0.3Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>415 153<span class=\"ws7\"> </span>-<span class=\"ws165\">249 240</span>  <span class=\"ls14d ws161\">900</span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0Total cost of sal<span class=\"_ _0\"></span>es can be split up in <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> cat<span class=\"_ _a\"></span>egories:<span class=\"ws7\"> </span>1. <span class=\"_ _d\"> </span>Est<span class=\"_ _a\"></span>ate charges - incl<span class=\"_ _0\"></span>udes all charges relating to the f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>eld work to produce the base agricultural products (i.e. <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>resh <span class=\"_ _0\"></span>fruit bunches,latex, bananas, horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure)<span class=\"ws7\">;<span class=\"_ _0\"></span> </span>2. <span class=\"_ _d\"> </span><span class=\"ws17c\">Processing charges </span>- incl<span class=\"_ _0\"></span>udes all charges relati<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the processi<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> base agricul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ural<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>oducts to <span class=\"_ _0\"></span>the finished <span class=\"_ _0\"></span>agr<span class=\"_ _a\"></span>icul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>uralcommodities (i.e. palm oi<span class=\"_ _0\"></span>l, r<span class=\"_ _a\"></span>ubber, .<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>.)<span class=\"_ _0\"></span><span class=\"ws7\">;  </span>3.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls14f ws170\">FFB<span class=\"_ _0\"></span>/CPO/</span>l<span class=\"_ _0\"></span><span class=\"ws165\">atex pur<span class=\"_ _a\"></span>chases <span class=\"ws7\">- </span>includes al<span class=\"_ _0\"></span>l purchases fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> third parties (smallhol<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>s) or associates and joint ventu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span><span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span></span></span>4.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">St<span class=\"_ _a\"></span>ock movement <span class=\"ws7\">- </span>includes the va<span class=\"_ _0\"></span>riance in stock<span class=\"ws7\">; </span></span></span>5.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws166\">Changes in fair value i<span class=\"_ _0\"></span>ncludes the changes in the fair value of<span class=\"_ _0\"></span> the biol<span class=\"_ _0\"></span>ogica<span class=\"_ _a\"></span>l assets of palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">bananas</span>;<span class=\"_ _a\"></span>  </span></span></span>6.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">Sales charges </span>- <span class=\"ws166\">includes al<span class=\"_ _0\"></span>l direct cost<span class=\"_ _a\"></span>s attributable to <span class=\"_ _0\"></span>the sales of the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> (i.e. <span class=\"_ _0\"></span><span class=\"ws7\">t</span>ransport charges, palm oi<span class=\"_ _0\"></span>l export t<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span><span class=\"ws7\">/levy<span class=\"ls14f ws1a6\">, ...<span class=\"_ _0\"></span>)</span>; </span></span></span>7. <span class=\"_ _d\"> </span>G<span class=\"_ _6\"></span>eneral<span class=\"_ _0\"></span> and administrative expenses \u2013<span class=\"_ _0\"></span> <span class=\"ws17c\">includ<span class=\"_ _0\"></span>es all costs related to<span class=\"_ _0\"></span> the overall organi<span class=\"_ _0\"></span>sation <span class=\"ls14f ws170\">(i<span class=\"_ _0\"></span>.e.</span></span> ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al management, financialdepartment, mar<span class=\"_ _a\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ws7\">, </span>inter<span class=\"_ _a\"></span>nal audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, sustainabi<span class=\"_ _0\"></span>lity<span class=\"ls14f ws7\">, etc<span class=\"_ _0\"></span>.).<span class=\"_ _0\"></span><span class=\"ls7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Estate charges<span class=\"ws7\"> </span>171 824<span class=\"ws7\"> </span>150 127<span class=\"ws7\"> </span>Processing charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span>34 363<span class=\"ws7\"> </span>33 003<span class=\"ws7\"> </span>FFB/CPO/latex purchases<span class=\"ws7\"> </span>75 145<span class=\"ws7\"> </span>60 143<span class=\"ws7\"> </span>Stock movement<span class=\"ws7\"> </span>finished products<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 771</span> -<span class=\"ws166\">20 333</span> Changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value<span class=\"ws7\"> </span>1 769<span class=\"ws7\"> </span>2 404<span class=\"ws7\"> </span>Sales charges<span class=\"ws7\"> </span>25 098<span class=\"ws7\"> </span>21 492<span class=\"ws7\"> </span>Cost of sales<span class=\"_ _0\"></span><span class=\"ws7\"> </span>306 429<span class=\"ws7\"> </span>246 835<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>43 424<span class=\"ws7\"> </span>36 891<span class=\"ws7\"> </span>Total cost of sales and<span class=\"_ _0\"></span> general and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>349 853<span class=\"ws7\"> </span>283 726<span class=\"ws7\"> </span>Estate charges have <span class=\"ws7\">increased </span>co<span class=\"_ _0\"></span>mpar<span class=\"_ _a\"></span>ed to l<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span> year du<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> fert<span class=\"_ _a\"></span>ili<span class=\"_ _0\"></span>zer cost<span class=\"_ _a\"></span>s;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span>high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> local <span class=\"ws166\">transporting costs in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l Palms Ltd;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span><span class=\"ws15f\">the additional<span class=\"_ _0\"></span> </span>matur<span class=\"_ _a\"></span>e <span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>res in the Musi R<span class=\"_ _0\"></span>awas region, whereby estate and general <span class=\"_ _0\"></span>field charges are now increasi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>ally\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> FFB productions<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws165\">in 202<span class=\"ws7\">2; </span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws165\">a general i<span class=\"_ _0\"></span>ncrease in costs due to inflation.<span class=\"_ _0\"></span></span> </span>The processing cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s increased sligh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y com<span class=\"_ _a\"></span>pared to prior yea<span class=\"_ _0\"></span>r due to a <span class=\"ffb6\">higher nu<span class=\"_ _0\"></span>mber of FFB\u2019<span class=\"_ _0\"></span>s </span><span class=\"ws7\">being processed.  </span>Purchases of FFB/CPO/Latex i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased by<span class=\"_ _0\"></span> KUSD 15<span class=\"_ _0\"></span> 002, mai<span class=\"_ _0\"></span>nly due to the<span class=\"_ _0\"></span> increase in purchases<span class=\"_ _0\"></span> of FFB from <span class=\"_ _0\"></span>third parties at H<span class=\"_ _0\"></span>argyOil Pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>s Ltd, which increased by KUSD 10 679 or 27.6%, largely due to high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> purchase prices of FFB, the price of which <span class=\"_ _0\"></span>is rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>edto C<span class=\"_ _0\"></span>PO.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>evels were in li<span class=\"_ _0\"></span>ne with<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>or year <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>inor<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>ock<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>vem<span class=\"_ _a\"></span>ent. The s<span class=\"_ _0\"></span>tock movement in <span class=\"_ _0\"></span>2021 was cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>terized by hi<span class=\"_ _0\"></span>ghstock of palm products<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>bined w<span class=\"_ _0\"></span>ith high world market prices a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> y<span class=\"_ _0\"></span>ear<span class=\"ws7\">-<span class=\"ws165\">end compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o 20<span class=\"_ _0\"></span>20. <span class=\"ws7\"> </span></span></span>Sales cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s have increased due to the hi<span class=\"_ _0\"></span>gher t<span class=\"_ _a\"></span>ransportation and <span class=\"_ _0\"></span>freight prices on the<span class=\"_ _0\"></span> world market. <span class=\"_ _0\"></span><span class=\"ws7\">  </span>Total depreciation<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount<span class=\"ws7\">s <span class=\"_ _0\"></span></span>to KU<span class=\"_ _0\"></span>SD 4<span class=\"_ _a\"></span>7 939. Most of the depreciation <span class=\"_ _0\"></span><span class=\"ws7\">was <span class=\"_ _0\"></span></span>included i<span class=\"_ _0\"></span>n<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the estate and processing charges (K<span class=\"_ _0\"></span>USD4<span class=\"ws1a9\">3 070</span>)<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span>In addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span><span class=\"ws7\"> </span>total<span class=\"_ _0\"></span> of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">3 <span class=\"_ _0\"></span></span><span class=\"ws7\">868 <span class=\"_ _0\"></span>o</span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciation cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>recorded in the<span class=\"_ _0\"></span> \"G<span class=\"_ _a\"></span>eneral<span class=\"_ _0\"></span> and admi<span class=\"_ _0\"></span>nistr<span class=\"_ _a\"></span>ative\" expenses<span class=\"_ _0\"></span> andKUS<span class=\"_ _6\"></span>D <span class=\"ls14d ws161\">1 001<span class=\"ls7 ws7\"> <span class=\"ws166\">in \"other operating i<span class=\"_ _0\"></span>ncome/</span>(<span class=\"_ _a\"></span>expenses)\"<span class=\"ls15b ws1a8\">. </span> </span></span>General and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses increased <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ast<span class=\"_ _6\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>, mainly as a result of the raised bonus prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nkedto bett<span class=\"_ _a\"></span>er resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s, <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>urther deployment of the Si<span class=\"_ _0\"></span>ngapore branch off<span class=\"_ _a\"></span>ice centralizi<span class=\"_ _0\"></span>ng the internal IT services of t<span class=\"_ _a\"></span>he Group a<span class=\"_ _0\"></span>nd thenormalization of travel budgets <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing the covi<span class=\"_ _0\"></span>d<span class=\"ws7\">-</span>19 pandemic.<span class=\"ws7\"> </span>Revenue b<span class=\"_ _0\"></span>y locati<span class=\"_ _0\"></span>on<span class=\"_ _a\"></span> of t<span class=\"_ _0\"></span>he debtors<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>In <span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Indonesia 246 604<span class=\"ws7\"> </span>205 284<span class=\"ws7\"> </span>The Netherlands<span class=\"ws7\"> </span>133 570<span class=\"ws7\"> </span>152 297<span class=\"ws7\"> </span>Swi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _6\"></span> 91 059<span class=\"ws7\"> </span>7 822<span class=\"ws7\"> </span>Belgi<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> 12 112<span class=\"ws7\"> </span>6 360<span class=\"ws7\"> </span>Malaysia 10 970<span class=\"ws7\"> </span>8 460<span class=\"ws7\"> </span>France 10 250<span class=\"ws7\"> </span>9 408<span class=\"ws7\"> </span>United Ki<span class=\"_ _0\"></span>ngdom<span class=\"_ _6\"></span><span class=\"ws7\"> </span>7 494<span class=\"ws7\"> </span>5 677<span class=\"ws7\"> </span>Germany 4 018<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">928</span> Ivory coast<span class=\"ws7\"> </span>3 538<span class=\"ws7\"> </span>3 602<span class=\"ws7\"> </span>Ireland 2 004<span class=\"ls7 ws7\"> </span>1 671<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e 1 512<span class=\"ws7\"> </span>5 627<span class=\"ws7\"> </span>China 1 388<span class=\"ws7\"> </span>1 557<span class=\"ws7\"> </span>Afghanistan   <span class=\"ls14d ws161\">992</span>  <span class=\"ls14d ws161\">116</span> Pakistan  <span class=\"ls14d ws161\">693</span>  <span class=\"ls14d ws161\">111</span> United States<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">593</span> 3 726<span class=\"ws7\"> </span>United Arab. Emirates<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">494</span>  <span class=\"ls14d ws161\">195</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">80</span>  <span class=\"ls14d ws161\">93</span> Spain  <span class=\"ls14d ws161\">69</span> 2 634<span class=\"ws7\"> </span>Poland  <span class=\"ls14d ws161\">19</span>  <span class=\"ls14d ws161\">485</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>416 053<span class=\"ws7\"> </span>The revenue of the Group is realised agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> a relatively smal<span class=\"_ _0\"></span>l nu<span class=\"_ _a\"></span>mber of first<span class=\"ws7\">-</span>class buyers: pe<span class=\"_ _0\"></span>r pr<span class=\"_ _a\"></span>oduct about 90% of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he revenuefrom contracts with cus<span class=\"_ _0\"></span>tom<span class=\"_ _a\"></span>ers<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>is realized<span class=\"_ _0\"></span> with a maximum of 10<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. For addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal information we <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>efer to<span class=\"_ _0\"></span> not<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> 26 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ls14f ws170\">fi<span class=\"_ _0\"></span>na</span>nci<span class=\"_ _0\"></span>ainstruments. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-4": {
   "value": "Gr<span class=\"_ _0\"></span>oss prof<span class=\"_ _0\"></span>it by pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes in t<span class=\"_ _6\"></span>he 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair value<span class=\"ws7\"> </span>Palm 495 737<span class=\"ws7\"> </span>-<span class=\"ws165\">274 646</span>  <span class=\"ls14d ws161\">157</span> 221 248<span class=\"ws7\"> </span>100.1 Rubber 3 821<span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">7 926</span>  0 -<span class=\"ws165\">4 105</span> -<span class=\"ls15a ws1a5\">1.9<span class=\"_ _0\"></span></span> Tea 4 286<span class=\"ws7\"> </span>-<span class=\"ws165\">4 090</span>  0  <span class=\"ls14d ws161\">195</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 536</span> 1 611<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>1.0<span class=\"ls7 ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span> 0  0 1 397<span class=\"ws7\"> </span>0.6<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0 Changes in t<span class=\"_ _6\"></span>he 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair <span class=\"ls14f ws170\">va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Palm 380 862<span class=\"ws7\"> </span>-<span class=\"ws165\">216 913</span> 2 613<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>98<span class=\"_ _0\"></span>.4<span class=\"ls7 ws7\"> </span>Rubber 8 059<span class=\"ws7\"> </span>-<span class=\"ws166\">10 667</span>  0 -<span class=\"ws165\">2 608</span> -<span class=\"ls15a ws1a5\">1.5<span class=\"_ _0\"></span></span> Tea 2 719<span class=\"ws7\"> </span>-<span class=\"ws165\">2 574</span> - <span class=\"ls14d ws161\">11</span>  <span class=\"ls14d ws161\">134</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>23 085<span class=\"ws7\"> </span>-<span class=\"ws166\">19 085</span> - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2<span class=\"ls7 ws7\"> </span>Corporate 1 328<span class=\"ws7\"> </span> 0  0 1 328<span class=\"ws7\"> </span>0.8<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>416 053<span class=\"ws7\"> </span>-<span class=\"ws165\">249 2<span class=\"ls14d ws161\">40</span></span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0 Total sales i<span class=\"_ _0\"></span>ncreased by 26.7% ver<span class=\"_ _a\"></span>sus<span class=\"_ _0\"></span> 2021 to USD 527 mil<span class=\"_ _0\"></span>lion.<span class=\"ws7\"> </span>Palm oil<span class=\"_ _0\"></span> s<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>es grew by <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2%. The rise i<span class=\"_ _0\"></span>n volumes so<span class=\"_ _a\"></span>ld was <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> due to the signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant<span class=\"_ _a\"></span>ly hi<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>her world market price for crud<span class=\"_ _0\"></span>e palmoil (C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span>). I<span class=\"_ _a\"></span>n addition, <span class=\"_ _0\"></span>the total tonnes of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> p<span class=\"_ _0\"></span>roduced increased by 5.1%. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Sales i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> banana and horticulture segment<span class=\"_ _a\"></span> e<span class=\"_ _0\"></span>xpr<span class=\"_ _6\"></span>esse<span class=\"_ _0\"></span>d in euro, the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal currency, increased by 3.2%, mai<span class=\"_ _0\"></span>nly due to higherunit sell<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pri<span class=\"_ _0\"></span>ces.<span class=\"_ _6\"></span> H<span class=\"_ _0\"></span>owever, af<span class=\"_ _a\"></span>ter conversion to USD, the functional currency of SIPEF, these sale figures decreased by 3.7%<span class=\"_ _0\"></span> due tothe EUR/US<span class=\"_ _0\"></span>D exchange rate evolution.<span class=\"ws7\"> </span>Gross <span class=\"ls154 ws180\">pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>y geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> regi<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span></span>Changes in 2022 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 260 957<span class=\"ws7\"> </span>-<span class=\"ws165\">161 780</span>  <span class=\"ls14d ws161\">968</span>  <span class=\"ls14d ws161\">128</span> 100 272<span class=\"ws7\"> </span>45<span class=\"_ _0\"></span>.4Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>242 888<span class=\"ws7\"> </span>-<span class=\"ws165\">124 880</span>  0  <span class=\"ls14d ws161\">29</span> 118 036<span class=\"ws7\"> </span>53<span class=\"_ _0\"></span>.4Ivory Coast<span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 537</span>  0 1 611<span class=\"ws7\"> </span>2 293<span class=\"ws7\"> </span>1.0Europe  <span class=\"ls14d ws161\">429</span>  0  0  0  <span class=\"ls14d ws161\">429</span> 0.2Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>526 492<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span>  <span class=\"ls14d ws161\">968</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0Changes in 2021 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 215 361<span class=\"ws7\"> </span>-<span class=\"ws165\">130 497</span>  <span class=\"ls14d ws161\">900</span> 1 392<span class=\"ws7\"> </span>87 156<span class=\"ws7\"> </span>51<span class=\"_ _0\"></span>.5Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>167 920<span class=\"ws7\"> </span>-<span class=\"ws166\">91 298</span>  0 1 209<span class=\"ws7\"> </span>77 831<span class=\"ws7\"> </span>46<span class=\"_ _0\"></span>.0Ivory Coast<span class=\"ws7\"> </span>31 444<span class=\"ws7\"> </span>-<span class=\"ws166\">27 445</span>  0 - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2Europe  <span class=\"ls14d ws161\">428</span>  0  0  0  <span class=\"ls14d ws161\">428</span> 0.3Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>415 153<span class=\"ws7\"> </span>-<span class=\"ws165\">249 240</span>  <span class=\"ls14d ws161\">900</span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-5": {
   "value": "Gr<span class=\"_ _0\"></span>oss prof<span class=\"_ _0\"></span>it by pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Changes in t<span class=\"_ _6\"></span>he 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair value<span class=\"ws7\"> </span>Palm 495 737<span class=\"ws7\"> </span>-<span class=\"ws165\">274 646</span>  <span class=\"ls14d ws161\">157</span> 221 248<span class=\"ws7\"> </span>100.1 Rubber 3 821<span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">7 926</span>  0 -<span class=\"ws165\">4 105</span> -<span class=\"ls15a ws1a5\">1.9<span class=\"_ _0\"></span></span> Tea 4 286<span class=\"ws7\"> </span>-<span class=\"ws165\">4 090</span>  0  <span class=\"ls14d ws161\">195</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 536</span> 1 611<span class=\"ws7\"> </span>2 294<span class=\"ws7\"> </span>1.0<span class=\"ls7 ws7\"> </span>Corporate 1 397<span class=\"ws7\"> </span> 0  0 1 397<span class=\"ws7\"> </span>0.6<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0 Changes in t<span class=\"_ _6\"></span>he 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> <span class=\"_ _45\"> </span>Rev<span class=\"_ _0\"></span>enue<span class=\"_ _6\"></span> <span class=\"_ _1db\"> </span><span class=\"ws166\">Cost of sales<span class=\"_ _0\"></span></span> </span></span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it<span class=\"_ _0\"></span> <span class=\"_ _21\"> </span><span class=\"ls14e ws1b0\">% o<span class=\"_ _0\"></span>f tota<span class=\"_ _0\"></span>l</span> fair <span class=\"ls14f ws170\">va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Palm 380 862<span class=\"ws7\"> </span>-<span class=\"ws165\">216 913</span> 2 613<span class=\"ws7\"> </span>166 562<span class=\"ws7\"> </span>98<span class=\"_ _0\"></span>.4<span class=\"ls7 ws7\"> </span>Rubber 8 059<span class=\"ws7\"> </span>-<span class=\"ws166\">10 667</span>  0 -<span class=\"ws165\">2 608</span> -<span class=\"ls15a ws1a5\">1.5<span class=\"_ _0\"></span></span> Tea 2 719<span class=\"ws7\"> </span>-<span class=\"ws165\">2 574</span> - <span class=\"ls14d ws161\">11</span>  <span class=\"ls14d ws161\">134</span> 0.1<span class=\"ls7 ws7\"> </span>Bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>23 085<span class=\"ws7\"> </span>-<span class=\"ws166\">19 085</span> - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2<span class=\"ls7 ws7\"> </span>Corporate 1 328<span class=\"ws7\"> </span> 0  0 1 328<span class=\"ws7\"> </span>0.8<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>416 053<span class=\"ws7\"> </span>-<span class=\"ws165\">249 2<span class=\"ls14d ws161\">40</span></span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0 Total sales i<span class=\"_ _0\"></span>ncreased by 26.7% ver<span class=\"_ _a\"></span>sus<span class=\"_ _0\"></span> 2021 to USD 527 mil<span class=\"_ _0\"></span>lion.<span class=\"ws7\"> </span>Palm oil<span class=\"_ _0\"></span> s<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>es grew by <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2%. The rise i<span class=\"_ _0\"></span>n volumes so<span class=\"_ _a\"></span>ld was <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y<span class=\"_ _6\"></span> due to the signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant<span class=\"_ _a\"></span>ly hi<span class=\"_ _0\"></span>g<span class=\"_ _6\"></span>her world market price for crud<span class=\"_ _0\"></span>e palmoil (C<span class=\"_ _0\"></span>PO<span class=\"_ _a\"></span>). I<span class=\"_ _a\"></span>n addition, <span class=\"_ _0\"></span>the total tonnes of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> p<span class=\"_ _0\"></span>roduced increased by 5.1%. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Sales i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> banana and horticulture segment<span class=\"_ _a\"></span> e<span class=\"_ _0\"></span>xpr<span class=\"_ _6\"></span>esse<span class=\"_ _0\"></span>d in euro, the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal currency, increased by 3.2%, mai<span class=\"_ _0\"></span>nly due to higherunit sell<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pri<span class=\"_ _0\"></span>ces.<span class=\"_ _6\"></span> H<span class=\"_ _0\"></span>owever, af<span class=\"_ _a\"></span>ter conversion to USD, the functional currency of SIPEF, these sale figures decreased by 3.7%<span class=\"_ _0\"></span> due tothe EUR/US<span class=\"_ _0\"></span>D exchange rate evolution.<span class=\"ws7\"> </span>Gross <span class=\"ls154 ws180\">pr<span class=\"_ _0\"></span>ofit b<span class=\"_ _0\"></span>y geogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span> regi<span class=\"_ _0\"></span>on<span class=\"ls7 ws7\"> </span></span>Changes in 2022 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 260 957<span class=\"ws7\"> </span>-<span class=\"ws165\">161 780</span>  <span class=\"ls14d ws161\">968</span>  <span class=\"ls14d ws161\">128</span> 100 272<span class=\"ws7\"> </span>45<span class=\"_ _0\"></span>.4Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>242 888<span class=\"ws7\"> </span>-<span class=\"ws165\">124 880</span>  0  <span class=\"ls14d ws161\">29</span> 118 036<span class=\"ws7\"> </span>53<span class=\"_ _0\"></span>.4Ivory Coast<span class=\"ws7\"> </span>22 219<span class=\"ws7\"> </span>-<span class=\"ws166\">21 537</span>  0 1 611<span class=\"ws7\"> </span>2 293<span class=\"ws7\"> </span>1.0Europe  <span class=\"ls14d ws161\">429</span>  0  0  0  <span class=\"ls14d ws161\">429</span> 0.2Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>526 492<span class=\"ws7\"> </span>-<span class=\"ws165\">308 198</span>  <span class=\"ls14d ws161\">968</span> 1 769<span class=\"ws7\"> </span>221 031<span class=\"ws7\"> </span>100.0Changes in 2021 - <span class=\"_ _a\"></span>KUSD <span class=\"_ _4d\"> </span>R<span class=\"_ _0\"></span>evenue <span class=\"_ _1a\"> </span><span class=\"ws166\">C<span class=\"_ _0\"></span>ost of<span class=\"_ _a\"></span> sales<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _12c\"> </span><span class=\"ls14f ws1a6\">Oth<span class=\"_ _0\"></span>er inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span></span> </span></span>Gr<span class=\"_ _a\"></span>oss prof<span class=\"_ _a\"></span>it <span class=\"_ _129\"> </span>% o<span class=\"_ _0\"></span>f totalthe fair value<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Indonesia 215 361<span class=\"ws7\"> </span>-<span class=\"ws165\">130 497</span>  <span class=\"ls14d ws161\">900</span> 1 392<span class=\"ws7\"> </span>87 156<span class=\"ws7\"> </span>51<span class=\"_ _0\"></span>.5Papua N<span class=\"_ _0\"></span>ew Guinea<span class=\"ws7\"> </span>167 920<span class=\"ws7\"> </span>-<span class=\"ws166\">91 298</span>  0 1 209<span class=\"ws7\"> </span>77 831<span class=\"ws7\"> </span>46<span class=\"_ _0\"></span>.0Ivory Coast<span class=\"ws7\"> </span>31 444<span class=\"ws7\"> </span>-<span class=\"ws166\">27 445</span>  0 - <span class=\"ls14d ws161\">197</span> 3 803<span class=\"ws7\"> </span>2.2Europe  <span class=\"ls14d ws161\">428</span>  0  0  0  <span class=\"ls14d ws161\">428</span> 0.3Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>415 153<span class=\"ws7\"> </span>-<span class=\"ws165\">249 240</span>  <span class=\"ls14d ws161\">900</span> 2 404<span class=\"ws7\"> </span>169 218<span class=\"ws7\"> </span>100.0Revenue b<span class=\"_ _0\"></span>y locati<span class=\"_ _0\"></span>on<span class=\"_ _a\"></span> of t<span class=\"_ _0\"></span>he debtors<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>In <span class=\"ls151 ws172\">KUSD<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Indonesia 246 604<span class=\"ws7\"> </span>205 284<span class=\"ws7\"> </span>The Netherlands<span class=\"ws7\"> </span>133 570<span class=\"ws7\"> </span>152 297<span class=\"ws7\"> </span>Swi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>zerl<span class=\"_ _0\"></span>and<span class=\"_ _6\"></span> 91 059<span class=\"ws7\"> </span>7 822<span class=\"ws7\"> </span>Belgi<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> 12 112<span class=\"ws7\"> </span>6 360<span class=\"ws7\"> </span>Malaysia 10 970<span class=\"ws7\"> </span>8 460<span class=\"ws7\"> </span>France 10 250<span class=\"ws7\"> </span>9 408<span class=\"ws7\"> </span>United Ki<span class=\"_ _0\"></span>ngdom<span class=\"_ _6\"></span><span class=\"ws7\"> </span>7 494<span class=\"ws7\"> </span>5 677<span class=\"ws7\"> </span>Germany 4 018<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">928</span> Ivory coast<span class=\"ws7\"> </span>3 538<span class=\"ws7\"> </span>3 602<span class=\"ws7\"> </span>Ireland 2 004<span class=\"ls7 ws7\"> </span>1 671<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e 1 512<span class=\"ws7\"> </span>5 627<span class=\"ws7\"> </span>China 1 388<span class=\"ws7\"> </span>1 557<span class=\"ws7\"> </span>Afghanistan   <span class=\"ls14d ws161\">992</span>  <span class=\"ls14d ws161\">116</span> Pakistan  <span class=\"ls14d ws161\">693</span>  <span class=\"ls14d ws161\">111</span> United States<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">593</span> 3 726<span class=\"ws7\"> </span>United Arab. Emirates<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">494</span>  <span class=\"ls14d ws161\">195</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">80</span>  <span class=\"ls14d ws161\">93</span> Spain  <span class=\"ls14d ws161\">69</span> 2 634<span class=\"ws7\"> </span>Poland  <span class=\"ls14d ws161\">19</span>  <span class=\"ls14d ws161\">485</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>527 460<span class=\"ws7\"> </span>416 053<span class=\"ws7\"> </span>The revenue of the Group is realised agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> a relatively smal<span class=\"_ _0\"></span>l nu<span class=\"_ _a\"></span>mber of first<span class=\"ws7\">-</span>class buyers: pe<span class=\"_ _0\"></span>r pr<span class=\"_ _a\"></span>oduct about 90% of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he revenuefrom contracts with cus<span class=\"_ _0\"></span>tom<span class=\"_ _a\"></span>ers<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>is realized<span class=\"_ _0\"></span> with a maximum of 10<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s. For addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>onal information we <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>efer to<span class=\"_ _0\"></span> not<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> 26 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span><span class=\"ls14f ws170\">fi<span class=\"_ _0\"></span>na</span>nci<span class=\"_ _0\"></span>ainstruments. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-4": {
   "value": "Total cost of sal<span class=\"_ _0\"></span>es can be split up in <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> cat<span class=\"_ _a\"></span>egories:<span class=\"ws7\"> </span>1. <span class=\"_ _d\"> </span>Est<span class=\"_ _a\"></span>ate charges - incl<span class=\"_ _0\"></span>udes all charges relating to the f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>eld work to produce the base agricultural products (i.e. <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>resh <span class=\"_ _0\"></span>fruit bunches,latex, bananas, horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure)<span class=\"ws7\">;<span class=\"_ _0\"></span> </span>2. <span class=\"_ _d\"> </span><span class=\"ws17c\">Processing charges </span>- incl<span class=\"_ _0\"></span>udes all charges relati<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the processi<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> base agricul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ural<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>oducts to <span class=\"_ _0\"></span>the finished <span class=\"_ _0\"></span>agr<span class=\"_ _a\"></span>icul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>uralcommodities (i.e. palm oi<span class=\"_ _0\"></span>l, r<span class=\"_ _a\"></span>ubber, .<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>.)<span class=\"_ _0\"></span><span class=\"ws7\">;  </span>3.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls14f ws170\">FFB<span class=\"_ _0\"></span>/CPO/</span>l<span class=\"_ _0\"></span><span class=\"ws165\">atex pur<span class=\"_ _a\"></span>chases <span class=\"ws7\">- </span>includes al<span class=\"_ _0\"></span>l purchases fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> third parties (smallhol<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>s) or associates and joint ventu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span><span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span></span></span>4.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">St<span class=\"_ _a\"></span>ock movement <span class=\"ws7\">- </span>includes the va<span class=\"_ _0\"></span>riance in stock<span class=\"ws7\">; </span></span></span>5.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws166\">Changes in fair value i<span class=\"_ _0\"></span>ncludes the changes in the fair value of<span class=\"_ _0\"></span> the biol<span class=\"_ _0\"></span>ogica<span class=\"_ _a\"></span>l assets of palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">bananas</span>;<span class=\"_ _a\"></span>  </span></span></span>6.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">Sales charges </span>- <span class=\"ws166\">includes al<span class=\"_ _0\"></span>l direct cost<span class=\"_ _a\"></span>s attributable to <span class=\"_ _0\"></span>the sales of the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> (i.e. <span class=\"_ _0\"></span><span class=\"ws7\">t</span>ransport charges, palm oi<span class=\"_ _0\"></span>l export t<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span><span class=\"ws7\">/levy<span class=\"ls14f ws1a6\">, ...<span class=\"_ _0\"></span>)</span>; </span></span></span>7. <span class=\"_ _d\"> </span>G<span class=\"_ _6\"></span>eneral<span class=\"_ _0\"></span> and administrative expenses \u2013<span class=\"_ _0\"></span> <span class=\"ws17c\">includ<span class=\"_ _0\"></span>es all costs related to<span class=\"_ _0\"></span> the overall organi<span class=\"_ _0\"></span>sation <span class=\"ls14f ws170\">(i<span class=\"_ _0\"></span>.e.</span></span> ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al management, financialdepartment, mar<span class=\"_ _a\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ws7\">, </span>inter<span class=\"_ _a\"></span>nal audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, sustainabi<span class=\"_ _0\"></span>lity<span class=\"ls14f ws7\">, etc<span class=\"_ _0\"></span>.).<span class=\"_ _0\"></span><span class=\"ls7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Estate charges<span class=\"ws7\"> </span>171 824<span class=\"ws7\"> </span>150 127<span class=\"ws7\"> </span>Processing charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span>34 363<span class=\"ws7\"> </span>33 003<span class=\"ws7\"> </span>FFB/CPO/latex purchases<span class=\"ws7\"> </span>75 145<span class=\"ws7\"> </span>60 143<span class=\"ws7\"> </span>Stock movement<span class=\"ws7\"> </span>finished products<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 771</span> -<span class=\"ws166\">20 333</span> Changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value<span class=\"ws7\"> </span>1 769<span class=\"ws7\"> </span>2 404<span class=\"ws7\"> </span>Sales charges<span class=\"ws7\"> </span>25 098<span class=\"ws7\"> </span>21 492<span class=\"ws7\"> </span>Cost of sales<span class=\"_ _0\"></span><span class=\"ws7\"> </span>306 429<span class=\"ws7\"> </span>246 835<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>43 424<span class=\"ws7\"> </span>36 891<span class=\"ws7\"> </span>Total cost of sales and<span class=\"_ _0\"></span> general and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>349 853<span class=\"ws7\"> </span>283 726<span class=\"ws7\"> </span>Estate charges have <span class=\"ws7\">increased </span>co<span class=\"_ _0\"></span>mpar<span class=\"_ _a\"></span>ed to l<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span> year du<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> fert<span class=\"_ _a\"></span>ili<span class=\"_ _0\"></span>zer cost<span class=\"_ _a\"></span>s;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span>high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> local <span class=\"ws166\">transporting costs in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l Palms Ltd;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span><span class=\"ws15f\">the additional<span class=\"_ _0\"></span> </span>matur<span class=\"_ _a\"></span>e <span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>res in the Musi R<span class=\"_ _0\"></span>awas region, whereby estate and general <span class=\"_ _0\"></span>field charges are now increasi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>ally\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> FFB productions<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws165\">in 202<span class=\"ws7\">2; </span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws165\">a general i<span class=\"_ _0\"></span>ncrease in costs due to inflation.<span class=\"_ _0\"></span></span> </span>The processing cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s increased sligh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y com<span class=\"_ _a\"></span>pared to prior yea<span class=\"_ _0\"></span>r due to a <span class=\"ffb6\">higher nu<span class=\"_ _0\"></span>mber of FFB\u2019<span class=\"_ _0\"></span>s </span><span class=\"ws7\">being processed.  </span>Purchases of FFB/CPO/Latex i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased by<span class=\"_ _0\"></span> KUSD 15<span class=\"_ _0\"></span> 002, mai<span class=\"_ _0\"></span>nly due to the<span class=\"_ _0\"></span> increase in purchases<span class=\"_ _0\"></span> of FFB from <span class=\"_ _0\"></span>third parties at H<span class=\"_ _0\"></span>argyOil Pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>s Ltd, which increased by KUSD 10 679 or 27.6%, largely due to high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> purchase prices of FFB, the price of which <span class=\"_ _0\"></span>is rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>edto C<span class=\"_ _0\"></span>PO.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>evels were in li<span class=\"_ _0\"></span>ne with<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>or year <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>inor<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>ock<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>vem<span class=\"_ _a\"></span>ent. The s<span class=\"_ _0\"></span>tock movement in <span class=\"_ _0\"></span>2021 was cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>terized by hi<span class=\"_ _0\"></span>ghstock of palm products<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>bined w<span class=\"_ _0\"></span>ith high world market prices a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> y<span class=\"_ _0\"></span>ear<span class=\"ws7\">-<span class=\"ws165\">end compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o 20<span class=\"_ _0\"></span>20. <span class=\"ws7\"> </span></span></span>Sales cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s have increased due to the hi<span class=\"_ _0\"></span>gher t<span class=\"_ _a\"></span>ransportation and <span class=\"_ _0\"></span>freight prices on the<span class=\"_ _0\"></span> world market. <span class=\"_ _0\"></span><span class=\"ws7\">  </span>Total depreciation<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount<span class=\"ws7\">s <span class=\"_ _0\"></span></span>to KU<span class=\"_ _0\"></span>SD 4<span class=\"_ _a\"></span>7 939. Most of the depreciation <span class=\"_ _0\"></span><span class=\"ws7\">was <span class=\"_ _0\"></span></span>included i<span class=\"_ _0\"></span>n<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the estate and processing charges (K<span class=\"_ _0\"></span>USD4<span class=\"ws1a9\">3 070</span>)<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span>In addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span><span class=\"ws7\"> </span>total<span class=\"_ _0\"></span> of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">3 <span class=\"_ _0\"></span></span><span class=\"ws7\">868 <span class=\"_ _0\"></span>o</span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciation cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>recorded in the<span class=\"_ _0\"></span> \"G<span class=\"_ _a\"></span>eneral<span class=\"_ _0\"></span> and admi<span class=\"_ _0\"></span>nistr<span class=\"_ _a\"></span>ative\" expenses<span class=\"_ _0\"></span> andKUS<span class=\"_ _6\"></span>D <span class=\"ls14d ws161\">1 001<span class=\"ls7 ws7\"> <span class=\"ws166\">in \"other operating i<span class=\"_ _0\"></span>ncome/</span>(<span class=\"_ _a\"></span>expenses)\"<span class=\"ls15b ws1a8\">. </span> </span></span>General and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses increased <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ast<span class=\"_ _6\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>, mainly as a result of the raised bonus prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nkedto bett<span class=\"_ _a\"></span>er resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s, <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>urther deployment of the Si<span class=\"_ _0\"></span>ngapore branch off<span class=\"_ _a\"></span>ice centralizi<span class=\"_ _0\"></span>ng the internal IT services of t<span class=\"_ _a\"></span>he Group a<span class=\"_ _0\"></span>nd thenormalization of travel budgets <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing the covi<span class=\"_ _0\"></span>d<span class=\"ws7\">-</span>19 pandemic.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-5": {
   "value": "Total cost of sal<span class=\"_ _0\"></span>es can be split up in <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> cat<span class=\"_ _a\"></span>egories:<span class=\"ws7\"> </span>1. <span class=\"_ _d\"> </span>Est<span class=\"_ _a\"></span>ate charges - incl<span class=\"_ _0\"></span>udes all charges relating to the f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>eld work to produce the base agricultural products (i.e. <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>resh <span class=\"_ _0\"></span>fruit bunches,latex, bananas, horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure)<span class=\"ws7\">;<span class=\"_ _0\"></span> </span>2. <span class=\"_ _d\"> </span><span class=\"ws17c\">Processing charges </span>- incl<span class=\"_ _0\"></span>udes all charges relati<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the processi<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> base agricul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ural<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>oducts to <span class=\"_ _0\"></span>the finished <span class=\"_ _0\"></span>agr<span class=\"_ _a\"></span>icul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>uralcommodities (i.e. palm oi<span class=\"_ _0\"></span>l, r<span class=\"_ _a\"></span>ubber, .<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>.)<span class=\"_ _0\"></span><span class=\"ws7\">;  </span>3.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls14f ws170\">FFB<span class=\"_ _0\"></span>/CPO/</span>l<span class=\"_ _0\"></span><span class=\"ws165\">atex pur<span class=\"_ _a\"></span>chases <span class=\"ws7\">- </span>includes al<span class=\"_ _0\"></span>l purchases fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> third parties (smallhol<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>s) or associates and joint ventu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span><span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span></span></span>4.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">St<span class=\"_ _a\"></span>ock movement <span class=\"ws7\">- </span>includes the va<span class=\"_ _0\"></span>riance in stock<span class=\"ws7\">; </span></span></span>5.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws166\">Changes in fair value i<span class=\"_ _0\"></span>ncludes the changes in the fair value of<span class=\"_ _0\"></span> the biol<span class=\"_ _0\"></span>ogica<span class=\"_ _a\"></span>l assets of palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">bananas</span>;<span class=\"_ _a\"></span>  </span></span></span>6.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">Sales charges </span>- <span class=\"ws166\">includes al<span class=\"_ _0\"></span>l direct cost<span class=\"_ _a\"></span>s attributable to <span class=\"_ _0\"></span>the sales of the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> (i.e. <span class=\"_ _0\"></span><span class=\"ws7\">t</span>ransport charges, palm oi<span class=\"_ _0\"></span>l export t<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span><span class=\"ws7\">/levy<span class=\"ls14f ws1a6\">, ...<span class=\"_ _0\"></span>)</span>; </span></span></span>7. <span class=\"_ _d\"> </span>G<span class=\"_ _6\"></span>eneral<span class=\"_ _0\"></span> and administrative expenses \u2013<span class=\"_ _0\"></span> <span class=\"ws17c\">includ<span class=\"_ _0\"></span>es all costs related to<span class=\"_ _0\"></span> the overall organi<span class=\"_ _0\"></span>sation <span class=\"ls14f ws170\">(i<span class=\"_ _0\"></span>.e.</span></span> ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al management, financialdepartment, mar<span class=\"_ _a\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ws7\">, </span>inter<span class=\"_ _a\"></span>nal audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, sustainabi<span class=\"_ _0\"></span>lity<span class=\"ls14f ws7\">, etc<span class=\"_ _0\"></span>.).<span class=\"_ _0\"></span><span class=\"ls7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Estate charges<span class=\"ws7\"> </span>171 824<span class=\"ws7\"> </span>150 127<span class=\"ws7\"> </span>Processing charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span>34 363<span class=\"ws7\"> </span>33 003<span class=\"ws7\"> </span>FFB/CPO/latex purchases<span class=\"ws7\"> </span>75 145<span class=\"ws7\"> </span>60 143<span class=\"ws7\"> </span>Stock movement<span class=\"ws7\"> </span>finished products<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 771</span> -<span class=\"ws166\">20 333</span> Changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value<span class=\"ws7\"> </span>1 769<span class=\"ws7\"> </span>2 404<span class=\"ws7\"> </span>Sales charges<span class=\"ws7\"> </span>25 098<span class=\"ws7\"> </span>21 492<span class=\"ws7\"> </span>Cost of sales<span class=\"_ _0\"></span><span class=\"ws7\"> </span>306 429<span class=\"ws7\"> </span>246 835<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>43 424<span class=\"ws7\"> </span>36 891<span class=\"ws7\"> </span>Total cost of sales and<span class=\"_ _0\"></span> general and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>349 853<span class=\"ws7\"> </span>283 726<span class=\"ws7\"> </span>Estate charges have <span class=\"ws7\">increased </span>co<span class=\"_ _0\"></span>mpar<span class=\"_ _a\"></span>ed to l<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span> year du<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> fert<span class=\"_ _a\"></span>ili<span class=\"_ _0\"></span>zer cost<span class=\"_ _a\"></span>s;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span>high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> local <span class=\"ws166\">transporting costs in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l Palms Ltd;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span><span class=\"ws15f\">the additional<span class=\"_ _0\"></span> </span>matur<span class=\"_ _a\"></span>e <span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>res in the Musi R<span class=\"_ _0\"></span>awas region, whereby estate and general <span class=\"_ _0\"></span>field charges are now increasi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>ally\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> FFB productions<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws165\">in 202<span class=\"ws7\">2; </span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws165\">a general i<span class=\"_ _0\"></span>ncrease in costs due to inflation.<span class=\"_ _0\"></span></span> </span>The processing cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s increased sligh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y com<span class=\"_ _a\"></span>pared to prior yea<span class=\"_ _0\"></span>r due to a <span class=\"ffb6\">higher nu<span class=\"_ _0\"></span>mber of FFB\u2019<span class=\"_ _0\"></span>s </span><span class=\"ws7\">being processed.  </span>Purchases of FFB/CPO/Latex i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased by<span class=\"_ _0\"></span> KUSD 15<span class=\"_ _0\"></span> 002, mai<span class=\"_ _0\"></span>nly due to the<span class=\"_ _0\"></span> increase in purchases<span class=\"_ _0\"></span> of FFB from <span class=\"_ _0\"></span>third parties at H<span class=\"_ _0\"></span>argyOil Pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>s Ltd, which increased by KUSD 10 679 or 27.6%, largely due to high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> purchase prices of FFB, the price of which <span class=\"_ _0\"></span>is rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>edto C<span class=\"_ _0\"></span>PO.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>evels were in li<span class=\"_ _0\"></span>ne with<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>or year <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>inor<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>ock<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>vem<span class=\"_ _a\"></span>ent. The s<span class=\"_ _0\"></span>tock movement in <span class=\"_ _0\"></span>2021 was cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>terized by hi<span class=\"_ _0\"></span>ghstock of palm products<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>bined w<span class=\"_ _0\"></span>ith high world market prices a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> y<span class=\"_ _0\"></span>ear<span class=\"ws7\">-<span class=\"ws165\">end compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o 20<span class=\"_ _0\"></span>20. <span class=\"ws7\"> </span></span></span>Sales cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s have increased due to the hi<span class=\"_ _0\"></span>gher t<span class=\"_ _a\"></span>ransportation and <span class=\"_ _0\"></span>freight prices on the<span class=\"_ _0\"></span> world market. <span class=\"_ _0\"></span><span class=\"ws7\">  </span>Total depreciation<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount<span class=\"ws7\">s <span class=\"_ _0\"></span></span>to KU<span class=\"_ _0\"></span>SD 4<span class=\"_ _a\"></span>7 939. Most of the depreciation <span class=\"_ _0\"></span><span class=\"ws7\">was <span class=\"_ _0\"></span></span>included i<span class=\"_ _0\"></span>n<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the estate and processing charges (K<span class=\"_ _0\"></span>USD4<span class=\"ws1a9\">3 070</span>)<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span>In addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span><span class=\"ws7\"> </span>total<span class=\"_ _0\"></span> of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">3 <span class=\"_ _0\"></span></span><span class=\"ws7\">868 <span class=\"_ _0\"></span>o</span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciation cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>recorded in the<span class=\"_ _0\"></span> \"G<span class=\"_ _a\"></span>eneral<span class=\"_ _0\"></span> and admi<span class=\"_ _0\"></span>nistr<span class=\"_ _a\"></span>ative\" expenses<span class=\"_ _0\"></span> andKUS<span class=\"_ _6\"></span>D <span class=\"ls14d ws161\">1 001<span class=\"ls7 ws7\"> <span class=\"ws166\">in \"other operating i<span class=\"_ _0\"></span>ncome/</span>(<span class=\"_ _a\"></span>expenses)\"<span class=\"ls15b ws1a8\">. </span> </span></span>General and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses increased <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ast<span class=\"_ _6\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>, mainly as a result of the raised bonus prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nkedto bett<span class=\"_ _a\"></span>er resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s, <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>urther deployment of the Si<span class=\"_ _0\"></span>ngapore branch off<span class=\"_ _a\"></span>ice centralizi<span class=\"_ _0\"></span>ng the internal IT services of t<span class=\"_ _a\"></span>he Group a<span class=\"_ _0\"></span>nd thenormalization of travel budgets <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing the covi<span class=\"_ _0\"></span>d<span class=\"ws7\">-</span>19 pandemic.<span class=\"ws7\"> </span>20.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">OTHER OPERATIN<span class=\"_ _0\"></span>G INC<span class=\"_ _0\"></span>OME/(<span class=\"ls150 ws16e\">EX<span class=\"_ _0\"></span>PENS<span class=\"_ _0\"></span>ES</span></span>) The other ope<span class=\"ws7\">r</span>ating income/<span class=\"_ _0\"></span>(<span class=\"ws7\">expenses</span>) can be detail<span class=\"_ _0\"></span>ed as follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Non<span class=\"ls7 ws7\">-</span>Non<span class=\"ls7 ws7\">-</span>holder<span class=\"_ _a\"></span>s In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>holder<span class=\"_ _a\"></span>s of contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>of th<span class=\"_ _0\"></span>e the parent<span class=\"ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>parent VAT cl<span class=\"_ _0\"></span>aim I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">548</span>  <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">578</span>  <span class=\"ls14d ws161\">53</span>  6  <span class=\"ls14d ws161\">59</span> VAT cl<span class=\"_ _0\"></span>aim Be<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>gium<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">274</span>  0  <span class=\"ls14d ws161\">274</span>  0  0  0 Accelerated depreciation<span class=\"_ _0\"></span> oil palms PT Dendymarker - <span class=\"ls14d ws161\">385</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">405</span> -<span class=\"ws165\">4 018</span> - <span class=\"ls14d ws161\">211</span> -<span class=\"ws165\">4 229</span> Capital<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>gain sale PT <span class=\"_ _0\"></span><span class=\"ws7\">M<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ania </span> 0  0  0 11 003<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">637</span> 11 640<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> income<span class=\"_ _0\"></span>/(<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ges)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">288</span> - <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">258</span> - <span class=\"ls14d ws161\">291</span> - <span class=\"ls14d ws161\">90</span> - <span class=\"ls14d ws161\">381</span> Ot<span class=\"_ _a\"></span>her oper<span class=\"_ _a\"></span>ati<span class=\"_ _a\"></span>ng income/(<span class=\"_ _a\"></span><span class=\"ls7 ws7\">expenses<span class=\"_ _0\"></span>) </span> <span class=\"ls14d ws161\">725</span> - <span class=\"ls14d ws161\">20</span>  <span class=\"ls14d ws161\">705</span> 6 748<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">341</span> 7 088<span class=\"ws7\"> </span>The other income/charges <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y consist out<span class=\"_ _a\"></span> <span class=\"ls14d ws161\">of</span><span class=\"ws7\">:  </span>- <span class=\"_ _60\"> </span><span class=\"ws166\">the movement i<span class=\"_ _0\"></span>n the provision<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>the Indonesian VAT<span class=\"_ _0\"></span> claim (KUSD +578) mainly in favour o<span class=\"_ _0\"></span>f SI<span class=\"_ _a\"></span>PEF<span class=\"_ _0\"></span><span class=\"ws7\">; </span></span>- <span class=\"_ _60\"> </span>the VA<span class=\"_ _0\"></span>T court case w<span class=\"_ _0\"></span>ith the Belgi<span class=\"_ _0\"></span>an authorities dating back<span class=\"_ _0\"></span> from 20<span class=\"_ _0\"></span>09 grant<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by the cou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t i<span class=\"_ _0\"></span>n favou<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span>of S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>PEF (KUSD +274)- <span class=\"_ _60\"> </span><span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>remaining <span class=\"ws166\">accelerated depreciation<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span><span class=\"ws17c\">of the<span class=\"ws7\"> <span class=\"ws166\">oil pa<span class=\"_ _0\"></span>lms in PT Dendymarker <span class=\"_ _0\"></span>(<span class=\"_ _6\"></span>K<span class=\"_ _0\"></span>USD <span class=\"ws7\">-<span class=\"ls14d ws161\">405</span>); </span></span></span></span>- <span class=\"_ _60\"> </span><span class=\"ls14f\">th<span class=\"_ _0\"></span>e s</span><span class=\"ws166\">tock<span class=\"_ _0\"></span> adjustment<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>for obsolete stock<span class=\"ws7\">;<span class=\"_ _0\"></span> </span></span>- <span class=\"_ _60\"> </span>w<span class=\"_ _0\"></span><span class=\"ws165\">arehouse sales to smallholders in P<span class=\"_ _0\"></span>apua Ne<span class=\"_ _a\"></span>w Guine<span class=\"_ _0\"></span><span class=\"ws7\">a<span class=\"ls14f ws170\">. </span> </span></span>21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-6": {
   "value": "Total cost of sal<span class=\"_ _0\"></span>es can be split up in <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> cat<span class=\"_ _a\"></span>egories:<span class=\"ws7\"> </span>1. <span class=\"_ _d\"> </span>Est<span class=\"_ _a\"></span>ate charges - incl<span class=\"_ _0\"></span>udes all charges relating to the f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>eld work to produce the base agricultural products (i.e. <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>resh <span class=\"_ _0\"></span>fruit bunches,latex, bananas, horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure)<span class=\"ws7\">;<span class=\"_ _0\"></span> </span>2. <span class=\"_ _d\"> </span><span class=\"ws17c\">Processing charges </span>- incl<span class=\"_ _0\"></span>udes all charges relati<span class=\"_ _0\"></span>ng t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the processi<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> base agricul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ural<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>oducts to <span class=\"_ _0\"></span>the finished <span class=\"_ _0\"></span>agr<span class=\"_ _a\"></span>icul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>uralcommodities (i.e. palm oi<span class=\"_ _0\"></span>l, r<span class=\"_ _a\"></span>ubber, .<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>.)<span class=\"_ _0\"></span><span class=\"ws7\">;  </span>3.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls14f ws170\">FFB<span class=\"_ _0\"></span>/CPO/</span>l<span class=\"_ _0\"></span><span class=\"ws165\">atex pur<span class=\"_ _a\"></span>chases <span class=\"ws7\">- </span>includes al<span class=\"_ _0\"></span>l purchases fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> third parties (smallhol<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>s) or associates and joint ventu<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span><span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span></span></span>4.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">St<span class=\"_ _a\"></span>ock movement <span class=\"ws7\">- </span>includes the va<span class=\"_ _0\"></span>riance in stock<span class=\"ws7\">; </span></span></span>5.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws166\">Changes in fair value i<span class=\"_ _0\"></span>ncludes the changes in the fair value of<span class=\"_ _0\"></span> the biol<span class=\"_ _0\"></span>ogica<span class=\"_ _a\"></span>l assets of palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">bananas</span>;<span class=\"_ _a\"></span>  </span></span></span>6.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ws165\">Sales charges </span>- <span class=\"ws166\">includes al<span class=\"_ _0\"></span>l direct cost<span class=\"_ _a\"></span>s attributable to <span class=\"_ _0\"></span>the sales of the<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> (i.e. <span class=\"_ _0\"></span><span class=\"ws7\">t</span>ransport charges, palm oi<span class=\"_ _0\"></span>l export t<span class=\"_ _6\"></span>ax<span class=\"_ _0\"></span><span class=\"ws7\">/levy<span class=\"ls14f ws1a6\">, ...<span class=\"_ _0\"></span>)</span>; </span></span></span>7. <span class=\"_ _d\"> </span>G<span class=\"_ _6\"></span>eneral<span class=\"_ _0\"></span> and administrative expenses \u2013<span class=\"_ _0\"></span> <span class=\"ws17c\">includ<span class=\"_ _0\"></span>es all costs related to<span class=\"_ _0\"></span> the overall organi<span class=\"_ _0\"></span>sation <span class=\"ls14f ws170\">(i<span class=\"_ _0\"></span>.e.</span></span> ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al management, financialdepartment, mar<span class=\"_ _a\"></span>ke<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng<span class=\"ws7\">, </span>inter<span class=\"_ _a\"></span>nal audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, sustainabi<span class=\"_ _0\"></span>lity<span class=\"ls14f ws7\">, etc<span class=\"_ _0\"></span>.).<span class=\"_ _0\"></span><span class=\"ls7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Estate charges<span class=\"ws7\"> </span>171 824<span class=\"ws7\"> </span>150 127<span class=\"ws7\"> </span>Processing charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span>34 363<span class=\"ws7\"> </span>33 003<span class=\"ws7\"> </span>FFB/CPO/latex purchases<span class=\"ws7\"> </span>75 145<span class=\"ws7\"> </span>60 143<span class=\"ws7\"> </span>Stock movement<span class=\"ws7\"> </span>finished products<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 771</span> -<span class=\"ws166\">20 333</span> Changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value<span class=\"ws7\"> </span>1 769<span class=\"ws7\"> </span>2 404<span class=\"ws7\"> </span>Sales charges<span class=\"ws7\"> </span>25 098<span class=\"ws7\"> </span>21 492<span class=\"ws7\"> </span>Cost of sales<span class=\"_ _0\"></span><span class=\"ws7\"> </span>306 429<span class=\"ws7\"> </span>246 835<span class=\"ws7\"> </span>General and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>43 424<span class=\"ws7\"> </span>36 891<span class=\"ws7\"> </span>Total cost of sales and<span class=\"_ _0\"></span> general and administrative expenses<span class=\"_ _0\"></span><span class=\"ws7\"> </span>349 853<span class=\"ws7\"> </span>283 726<span class=\"ws7\"> </span>Estate charges have <span class=\"ws7\">increased </span>co<span class=\"_ _0\"></span>mpar<span class=\"_ _a\"></span>ed to l<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span> year du<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> fert<span class=\"_ _a\"></span>ili<span class=\"_ _0\"></span>zer cost<span class=\"_ _a\"></span>s;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span>high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> local <span class=\"ws166\">transporting costs in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l Palms Ltd;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022 <span class=\"_ _81\"> </span><span class=\"ws15f\">the additional<span class=\"_ _0\"></span> </span>matur<span class=\"_ _a\"></span>e <span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>res in the Musi R<span class=\"_ _0\"></span>awas region, whereby estate and general <span class=\"_ _0\"></span>field charges are now increasi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>ally\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws166\">high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> FFB productions<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws165\">in 202<span class=\"ws7\">2; </span></span></span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _81\"> </span><span class=\"ws165\">a general i<span class=\"_ _0\"></span>ncrease in costs due to inflation.<span class=\"_ _0\"></span></span> </span>The processing cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s increased sligh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y com<span class=\"_ _a\"></span>pared to prior yea<span class=\"_ _0\"></span>r due to a <span class=\"ffb6\">higher nu<span class=\"_ _0\"></span>mber of FFB\u2019<span class=\"_ _0\"></span>s </span><span class=\"ws7\">being processed.  </span>Purchases of FFB/CPO/Latex i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased by<span class=\"_ _0\"></span> KUSD 15<span class=\"_ _0\"></span> 002, mai<span class=\"_ _0\"></span>nly due to the<span class=\"_ _0\"></span> increase in purchases<span class=\"_ _0\"></span> of FFB from <span class=\"_ _0\"></span>third parties at H<span class=\"_ _0\"></span>argyOil Pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>s Ltd, which increased by KUSD 10 679 or 27.6%, largely due to high<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span> purchase prices of FFB, the price of which <span class=\"_ _0\"></span>is rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>edto C<span class=\"_ _0\"></span>PO.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Stock <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>evels were in li<span class=\"_ _0\"></span>ne with<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>or year <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>inor<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>ock<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>vem<span class=\"_ _a\"></span>ent. The s<span class=\"_ _0\"></span>tock movement in <span class=\"_ _0\"></span>2021 was cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>terized by hi<span class=\"_ _0\"></span>ghstock of palm products<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>bined w<span class=\"_ _0\"></span>ith high world market prices a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> y<span class=\"_ _0\"></span>ear<span class=\"ws7\">-<span class=\"ws165\">end compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o 20<span class=\"_ _0\"></span>20. <span class=\"ws7\"> </span></span></span>Sales cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s have increased due to the hi<span class=\"_ _0\"></span>gher t<span class=\"_ _a\"></span>ransportation and <span class=\"_ _0\"></span>freight prices on the<span class=\"_ _0\"></span> world market. <span class=\"_ _0\"></span><span class=\"ws7\">  </span>Total depreciation<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount<span class=\"ws7\">s <span class=\"_ _0\"></span></span>to KU<span class=\"_ _0\"></span>SD 4<span class=\"_ _a\"></span>7 939. Most of the depreciation <span class=\"_ _0\"></span><span class=\"ws7\">was <span class=\"_ _0\"></span></span>included i<span class=\"_ _0\"></span>n<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the estate and processing charges (K<span class=\"_ _0\"></span>USD4<span class=\"ws1a9\">3 070</span>)<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span>In addi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span><span class=\"ws7\"> </span>total<span class=\"_ _0\"></span> of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">3 <span class=\"_ _0\"></span></span><span class=\"ws7\">868 <span class=\"_ _0\"></span>o</span>f de<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>eciation cha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>s is <span class=\"_ _0\"></span>recorded in the<span class=\"_ _0\"></span> \"G<span class=\"_ _a\"></span>eneral<span class=\"_ _0\"></span> and admi<span class=\"_ _0\"></span>nistr<span class=\"_ _a\"></span>ative\" expenses<span class=\"_ _0\"></span> andKUS<span class=\"_ _6\"></span>D <span class=\"ls14d ws161\">1 001<span class=\"ls7 ws7\"> <span class=\"ws166\">in \"other operating i<span class=\"_ _0\"></span>ncome/</span>(<span class=\"_ _a\"></span>expenses)\"<span class=\"ls15b ws1a8\">. </span> </span></span>General and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses increased <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ast<span class=\"_ _6\"></span> yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>, mainly as a result of the raised bonus prov<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>on l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nkedto bett<span class=\"_ _a\"></span>er resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s, <span class=\"_ _0\"></span>the f<span class=\"_ _a\"></span>urther deployment of the Si<span class=\"_ _0\"></span>ngapore branch off<span class=\"_ _a\"></span>ice centralizi<span class=\"_ _0\"></span>ng the internal IT services of t<span class=\"_ _a\"></span>he Group a<span class=\"_ _0\"></span>nd thenormalization of travel budgets <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ol<span class=\"_ _0\"></span>lowing the covi<span class=\"_ _0\"></span>d<span class=\"ws7\">-</span>19 pandemic.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-61-2": {
   "value": "8.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">GOO<span class=\"_ _a\"></span>DWILL<span class=\"_ _6\"></span> AND OTHER INTANG<span class=\"_ _6\"></span>IBLE ASSETS<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>leIn<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> <span class=\"_ _16e\"> </span><span class=\"ls14f ws170\">Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill</span> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>assets assetsGr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 787Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  0  0  0  40Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0 - 60Transfers  0  0  0  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span> 0  0  0  0Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 767Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">419</span>  0 - 314Depreciation<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>  0 - <span class=\"ls14d ws161\">122</span>  0 - 165Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0  60Transfers  0  0  0  0Remeasurement  0  0  0  0Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at December 31<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">541</span>  0 - 419Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">348</span> 104 782<span class=\"ws7\"> </span> 473Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">226</span> 104 782<span class=\"ws7\"> </span> 348Goodwill<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent analysi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7\"> </span>Goodwill is the posi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ve difference between <span class=\"_ _0\"></span>the acquisition price of<span class=\"_ _0\"></span> a subsi<span class=\"_ _0\"></span>diary,<span class=\"_ _a\"></span> associated company o<span class=\"_ _0\"></span>r joint ven<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure and<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> shareof the Group i<span class=\"_ _0\"></span>n the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the<span class=\"_ _0\"></span> identifiable assets and li<span class=\"_ _0\"></span>abilities of the acqui<span class=\"_ _0\"></span>red enti<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> on the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date. Under standardIFR<span class=\"_ _0\"></span>S 3 <span class=\"ffbc ls7\">\u2013<span class=\"_ _0\"></span><span class=\"ff9c\"> <span class=\"_ _6\"></span><span class=\"ws166\">B<span class=\"_ _0\"></span>usiness Combinations, goodw<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l is not amort<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed, but rather tested for i<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _a\"></span>ent.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Goodwill and i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>angible fixed assets ar<span class=\"_ _a\"></span>e tested annually by management t<span class=\"_ _a\"></span>o see whether they have been exposed <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span> inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the accounting<span class=\"_ _0\"></span> policies i<span class=\"_ _0\"></span>n not<span class=\"_ _a\"></span>e <span class=\"ws7\">3 </span>(regardless of w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> there are ind<span class=\"_ _0\"></span>ications of impairment). <span class=\"_ _0\"></span><span class=\"ws7\"> </span>To be abl<span class=\"_ _0\"></span>e to assess<span class=\"_ _0\"></span> the necessi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y o<span class=\"_ _0\"></span>f an impairment, the<span class=\"_ _0\"></span> goodwil<span class=\"_ _0\"></span>l is all<span class=\"_ _0\"></span>ocat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generating un<span class=\"_ _0\"></span>it. A cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generat<span class=\"_ _a\"></span>ing uni<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hesmallest identifiab<span class=\"_ _0\"></span>le group that generates cash <span class=\"_ _0\"></span>that is <span class=\"_ _0\"></span>to a large degr<span class=\"_ _0\"></span>ee independent of the<span class=\"_ _0\"></span> inflow of cash<span class=\"_ _0\"></span> from other asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _4\"></span><span class=\"ws7\"> </span>or groupsof assets. T<span class=\"_ _0\"></span>his cash<span class=\"ws7\">-</span>generating unit<span class=\"_ _0\"></span> is <span class=\"ws7\">analysed </span>on<span class=\"_ _0\"></span> each balance s<span class=\"_ _0\"></span>heet date to dete<span class=\"_ _0\"></span>rm<span class=\"_ _a\"></span>ine w<span class=\"_ _0\"></span>het<span class=\"_ _a\"></span>her the<span class=\"_ _0\"></span> carrying val<span class=\"_ _0\"></span>ue of the<span class=\"_ _0\"></span> goodwilcan be<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>ully recovered<span class=\"_ _0\"></span>. If <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generating unit<span class=\"_ _0\"></span> is lower in<span class=\"_ _0\"></span> the l<span class=\"_ _0\"></span>ong t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>m than<span class=\"_ _0\"></span> the carryi<span class=\"_ _0\"></span>ng value, animpairment is recognized on the i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement in <span class=\"_ _0\"></span>the amount of this di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ference. <span class=\"_ _4\"></span><span class=\"ws7\"> </span>In the<span class=\"_ _0\"></span> SIPEF <span class=\"_ _0\"></span><span class=\"ws160\">model, the<span class=\"_ _0\"></span> cash</span>-generat<span class=\"_ _a\"></span>ing uni<span class=\"_ _0\"></span>t is compared w<span class=\"_ _0\"></span>ith the total un<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>lying<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> related<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil seg<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent as o<span class=\"_ _0\"></span>f 31December <span class=\"ls14d ws161\">202</span>2<span class=\"ws166\">. This consists of the <span class=\"_ _0\"></span>following<span class=\"_ _0\"></span> item<span class=\"_ _a\"></span>s:<span class=\"ws7\"> </span></span>Asse<span class=\"_ _a\"></span>ts (<span class=\"_ _6\"></span>in KUSD)<span class=\"_ _a\"></span>*<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ffbc ws7\">\u2013<span class=\"ff9c\"> </span></span>bearer plants<span class=\"ws7\"> </span>316 251<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed assets<span class=\"ws7\"> </span>370 207<span class=\"ws7\"> </span>Goodwill 104 782<span class=\"ws7\"> </span>Current assets <span class=\"ffbc ws7\">\u2013<span class=\"ff9c\"> <span class=\"ls151 ws18b\">cur<span class=\"_ _6\"></span>rent liabilit<span class=\"_ _6\"></span>ies<span class=\"ls7 ws7\"> </span></span></span></span>29 374<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>820 614<span class=\"ws7\"> </span>* <span class=\"ls165 ws1b8\">Assets<span class=\"_ _6\"></span> incl<span class=\"_ _6\"></span>ude o<span class=\"_ _6\"></span>nly t<span class=\"_ _a\"></span>he ent<span class=\"_ _a\"></span>iti<span class=\"_ _6\"></span>es w<span class=\"_ _a\"></span>ith <span class=\"_ _6\"></span>palm oi<span class=\"_ _6\"></span>l acti<span class=\"_ _a\"></span>vit<span class=\"_ _a\"></span>ies<span class=\"ls7 ws7\"> </span></span>The <span class=\"_ _0\"></span><span class=\"ls152 ws179\">SIPEF</span> <span class=\"_ _0\"></span>gr<span class=\"_ _a\"></span>oup has defined the \u201ccash<span class=\"ff9c ws7\">-</span>generating uni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>\u201d as the op<span class=\"_ _0\"></span>erational palm oi<span class=\"_ _0\"></span>l segment.<span class=\"_ _6\"></span> It con<span class=\"_ _0\"></span>sists of<span class=\"_ _6\"></span> al<span class=\"_ _0\"></span>l cash flows from thepalm oil<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ivities of al<span class=\"_ _0\"></span>l plantations in Indonesia an<span class=\"_ _0\"></span>d Papua New Gui<span class=\"_ _0\"></span>nea. The cash <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>lows from <span class=\"_ _0\"></span>the sale of rubber<span class=\"_ _0\"></span>, tea and ban<span class=\"_ _0\"></span>anas<span class=\"_ _0\"></span> areno<span class=\"ls7 ws166\">t included here, as <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he goodw<span class=\"_ _0\"></span>ill has been allocated excl<span class=\"_ _0\"></span>usive<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> whol<span class=\"_ _0\"></span>e of<span class=\"_ _a\"></span> the <span class=\"_ _0\"></span>palm oil segment. <span class=\"ws7\"> </span></span>The recoverable val<span class=\"_ _0\"></span>ue <span class=\"_ _6\"></span>of the cash-generating uni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s to whi<span class=\"_ _0\"></span>ch good<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ll i<span class=\"_ _0\"></span>s a<span class=\"_ _6\"></span>ll<span class=\"_ _0\"></span>oc<span class=\"_ _6\"></span>ated was determined by means of a calculation using adiscounted cash flow<span class=\"_ _0\"></span> model. The starting point is <span class=\"_ _0\"></span>the operational plans of <span class=\"_ _0\"></span>the Group, whi<span class=\"_ _0\"></span>ch look a decade ahead (<span class=\"_ _0\"></span><span class=\"ls14f ws170\">to<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>2032) and havebeen approved by the <span class=\"ws7\">b</span>oard of directors. In this model<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span>macro<span class=\"ws7\">-</span>economic pa<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ameters, such as palm oil<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>ice and i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>lation, aredeemed constant for each year.<span class=\"ws7\"> </span>The con<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> pa<span class=\"_ _0\"></span>lm oil price used in the model (USD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">800</span>/ton) is management's best est<span class=\"_ _a\"></span>imate of thelong-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>lm oil price expressed as CIF R<span class=\"_ _0\"></span>ot<span class=\"_ _a\"></span>terda<span class=\"ls14f ws170\">m. <span class=\"_ _4\"></span></span><span class=\"ws7\">T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span></span>nega<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ve impact of<span class=\"_ _a\"></span> the altered <span class=\"_ _4\"></span>expor<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>ax an<span class=\"_ _0\"></span>d export levy schemes inIndonesia have been<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws166\">includ<span class=\"_ _0\"></span>ed in the fut<span class=\"_ _6\"></span>ure cash<span class=\"_ _0\"></span> flows. <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The average pal<span class=\"_ _0\"></span>m oil price <span class=\"_ _0\"></span>used in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll impairment<span class=\"ws7\"> </span>amounts to<span class=\"_ _0\"></span> USD <span class=\"ls14d ws161\">800</span>/ton w<span class=\"_ _0\"></span>hereas the spot price<span class=\"_ _0\"></span> per 31 D<span class=\"_ _0\"></span>ecember <span class=\"ls14d ws161\">202</span>2amount<span class=\"ls14d ws161\">ed</span> <span class=\"ls151 ws1b9\">t<span class=\"_ _6\"></span>o USD <span class=\"ls14d ws161\">1 070<span class=\"ls14f ws170\">/to<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">. </span></span></span></span>In the model, the growth of sal<span class=\"_ _0\"></span>es is the same as the<span class=\"_ _0\"></span> nor<span class=\"_ _a\"></span>mal improv<span class=\"_ _0\"></span>em<span class=\"_ _a\"></span>ent of the production volumes due <span class=\"_ _0\"></span>to the maturity of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>palmtrees of the variou<span class=\"_ _0\"></span>s subsidiaries. Any improvement i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>uture<span class=\"_ _0\"></span> EBITD<span class=\"_ _0\"></span>A mar<span class=\"_ _a\"></span>gins i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>el is a no<span class=\"_ _0\"></span>rm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> consequence of the s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>meimprovement in production volumes.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>The current model<span class=\"_ _0\"></span> was establi<span class=\"_ _0\"></span>shed with a w<span class=\"_ _0\"></span>eighted average cost<span class=\"_ _0\"></span> of capital <span class=\"_ _0\"></span>(af<span class=\"_ _a\"></span>ter<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ax) of<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span>11.56<span class=\"ls156 ws1ba\">% an<span class=\"_ _0\"></span>d </span></span>util<span class=\"_ _0\"></span>ises the local<span class=\"_ _0\"></span> tax rates <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>22%-<span class=\"ls156 ws194\">30%.</span>dependi<span class=\"_ _0\"></span>ng on the<span class=\"_ _0\"></span> countr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es in the<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> cash flows are<span class=\"_ _0\"></span> generated.<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ls14f ws18a\">Th<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span></span></span>rminal val<span class=\"_ _0\"></span>ue in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> discounted cash<span class=\"_ _0\"></span> flowmodel is based<span class=\"_ _0\"></span> on perpet<span class=\"_ _a\"></span>ual growth<span class=\"_ _0\"></span> of 2% in acco<span class=\"_ _0\"></span>rdance with the <span class=\"_ _0\"></span>Gordon growth model. <span class=\"_ _0\"></span>I<span class=\"_ _a\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>odel w<span class=\"_ _0\"></span>e use a sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y analys<span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>sfor various palm oil pri<span class=\"_ _0\"></span>ces and various weighted average costs<span class=\"_ _0\"></span> of capi<span class=\"_ _0\"></span>tal (WACC):<span class=\"ws7\"> </span>Palm<span class=\"_ _a\"></span> oil pri<span class=\"_ _6\"></span>ce<span class=\"_ _0\"></span> (CI<span class=\"_ _6\"></span>F R<span class=\"_ _0\"></span>ot<span class=\"_ _6\"></span>terdam)<span class=\"ls7 ws7\"> </span>Scenario 1<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 2 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 3<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>WACC Scenario 1<span class=\"ws7\"> </span>10.56% Scenario 2 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11.56% Scenario 3<span class=\"ws7\"> </span>12.56% Summary assumptions of 2022:<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>PO / <span class=\"_ _0\"></span>WAC<span class=\"_ _0\"></span>C<span class=\"ls7\"> </span>10.56% 11.56% 12.56% USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 1<span class=\"ws7\"> </span>Scenario 4<span class=\"ws7\"> </span>Scenario 7<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 2<span class=\"ws7\"> </span>Scenario <span class=\"ws165\">5 (base case)<span class=\"_ _0\"></span></span> Scenario 8<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 3<span class=\"ws7\"> </span>Scenario 6<span class=\"ws7\"> </span>Scenario 9<span class=\"ws7\"> </span>Summary assumptions of <span class=\"ls14d ws161\">202</span><span class=\"ws7\">1<span class=\"ls15b ws1a8\">: <span class=\"_ _0\"></span></span> </span>PO / <span class=\"_ _0\"></span>WAC<span class=\"_ _0\"></span>C<span class=\"ls7\"> </span>7.19% 8.19% 9.19% USD <span class=\"ls14d ws161\">705<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 1<span class=\"ws7\"> </span>Scenario 4<span class=\"ws7\"> </span>Scenario 7<span class=\"ws7\"> </span>USD 7<span class=\"ls14d ws161\">55<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 2<span class=\"ws7\"> </span>Scenario 5 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Scenario 8<span class=\"ws7\"> </span>USD <span class=\"ls14d ws161\">805<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 3<span class=\"ws7\"> </span>Scenario 6<span class=\"ws7\"> </span>Scenario 9<span class=\"ws7\"> </span>The increase of the<span class=\"_ _0\"></span> WACC compared to previous year i<span class=\"_ _0\"></span>s primar<span class=\"_ _a\"></span>ily d<span class=\"_ _0\"></span>ue to the increase i<span class=\"_ _0\"></span>n <span class=\"ws165\">w<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ld market <span class=\"ws166\">U<span class=\"_ _0\"></span>SD interest r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>in 2022. <span class=\"ws7\"> </span></span></span>For the sensi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ivity anal<span class=\"_ _0\"></span>ysis, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> price was i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased<span class=\"_ _0\"></span> and decreased by U<span class=\"_ _0\"></span>SD 50/ton. T<span class=\"_ _0\"></span>he WACC was <span class=\"_ _4\"></span>increased and decreased<span class=\"_ _0\"></span> withone percent. A sensitivity matrix is shown bel<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w for the total discounted cash flow for various pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil pri<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>es and various w<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ght<span class=\"_ _a\"></span>edaverage costs of capital<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>WA<span class=\"_ _0\"></span>CC).<span class=\"ws7\"> </span>Sensitivity matrix<span class=\"ws7\"> <span class=\"ws166\">per 31 D<span class=\"_ _0\"></span>ecember 2022</span> </span>WA<span class=\"_ _0\"></span>CC/P<span class=\"_ _0\"></span>O price<span class=\"_ _0\"></span> <span class=\"ls151 ws18b\">(i<span class=\"_ _6\"></span>n KUSD)<span class=\"ls7 ws7\"> </span></span>10.56% 11.56% 12.56% USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 025 365<span class=\"ws7\"> </span>901 297<span class=\"ws7\"> </span>801 168<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 192 466<span class=\"ws7\"> </span>1 051 510<span class=\"ws7\"> </span>937 692<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 067 563<span class=\"ws7\"> </span>940 179<span class=\"ws7\"> </span>837 318<span class=\"ws7\"> </span>Value of underl<span class=\"_ _0\"></span>ying assets*<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>* <span class=\"ls7 ws7\">C<span class=\"ls165 ws1b8\">oncer<span class=\"_ _a\"></span>ns<span class=\"_ _6\"></span> the u<span class=\"_ _a\"></span>nder<span class=\"_ _6\"></span>lying as<span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>et<span class=\"_ _0\"></span><span class=\"ls7 ws7\">s </span>r<span class=\"_ _6\"></span>elate<span class=\"_ _6\"></span>d to t<span class=\"_ _a\"></span>he <span class=\"_ _6\"></span>palm oi<span class=\"_ _6\"></span>l<span class=\"ls7 ws7\"> </span><span class=\"ws1bc\">segm<span class=\"_ _6\"></span>ent<span class=\"ls7 ws7\"> </span></span></span></span>The headroom is the dif<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>erence between the<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> discounted cash fl<span class=\"_ _0\"></span>ows and the value of the underl<span class=\"_ _0\"></span>ying asset:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Headroom (<span class=\"_ _6\"></span>in KUSD)<span class=\"fc2a ls7 ws7\"> </span>10.56%<span class=\"fc2a\"> </span>11.56%<span class=\"fc2a\"> </span>12.56%<span class=\"fc2a\"> </span>USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">204 751</span>  <span class=\"ws166\">80 683</span> - <span class=\"ws166\">19 446</span> USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">371 852</span>  <span class=\"ws165\">230 896</span>  <span class=\"ws165\">117 077</span> USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">246 949</span>  <span class=\"ws165\">119 565</span>  <span class=\"ws166\">16 704</span> Green = base scenario<span class=\"_ _0\"></span><span class=\"ws7\"> </span>We also cal<span class=\"_ _0\"></span>culate t<span class=\"_ _a\"></span>he breakeven pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil pri<span class=\"_ _0\"></span>ce based on the various WAC<span class=\"_ _0\"></span>Cs.<span class=\"ws7\"> </span>Breakeven p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice<span class=\"fc2a ws7\"> </span>10.56%<span class=\"fc2a\"> </span>11.56%<span class=\"fc2a\"> </span>12.56%<span class=\"fc2a\"> </span>US<span class=\"_ _0\"></span>D/ton<span class=\"ls7 ws7\"> </span>701 $/ton<span class=\"ws7\"> </span>729 $/ton<span class=\"ws7\"> </span>755 $/ton<span class=\"ws7\"> </span>Management is of the opinion that the assumptions used in the calculation of the value in use as described above give the bes<span class=\"_ _0\"></span>estimates of future development. The sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y analysi<span class=\"_ _0\"></span>s shows that goodwill is <span class=\"_ _0\"></span><span class=\"ws7\">in <span class=\"_ _0\"></span></span>most of the <span class=\"ws7\">cases <span class=\"_ _0\"></span></span>fully recoverable.<span class=\"ws7\"> <span class=\"_ _0\"></span></span>As a <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>esult<span class=\"_ _6\"></span>,management is of the<span class=\"_ _0\"></span> opinion that there is no<span class=\"_ _0\"></span> indication<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>y impairment. Future sales prices <span class=\"_ _0\"></span>continue to be<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>icult to<span class=\"_ _0\"></span> predi<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span> ove<span class=\"_ _0\"></span>ra long peri<span class=\"_ _0\"></span>od of<span class=\"_ _a\"></span> time and <span class=\"_ _0\"></span>will be con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nuously monitored in the future. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-61-3": {
   "value": "8.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">GOO<span class=\"_ _a\"></span>DWILL<span class=\"_ _6\"></span> AND OTHER INTANG<span class=\"_ _6\"></span>IBLE ASSETS<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>leIn<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> <span class=\"_ _16e\"> </span><span class=\"ls14f ws170\">Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill</span> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>assets assetsGr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 787Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  0  0  0  40Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0 - 60Transfers  0  0  0  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span> 0  0  0  0Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 767Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">419</span>  0 - 314Depreciation<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>  0 - <span class=\"ls14d ws161\">122</span>  0 - 165Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0  60Transfers  0  0  0  0Remeasurement  0  0  0  0Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at December 31<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">541</span>  0 - 419Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">348</span> 104 782<span class=\"ws7\"> </span> 473Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">226</span> 104 782<span class=\"ws7\"> </span> 348",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-61-4": {
   "value": "8.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls15d ws1b1\">GOO<span class=\"_ _a\"></span>DWILL<span class=\"_ _6\"></span> AND OTHER INTANG<span class=\"_ _6\"></span>IBLE ASSETS<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>leIn<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> <span class=\"_ _16e\"> </span><span class=\"ls14f ws170\">Goo<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>ill</span> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>assets assetsGr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 787Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  0  0  0  40Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0 - 60Transfers  0  0  0  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span> 0  0  0  0Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">767</span> 104 782<span class=\"ws7\"> </span> 767Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">419</span>  0 - 314Depreciation<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>  0 - <span class=\"ls14d ws161\">122</span>  0 - 165Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0  0  60Transfers  0  0  0  0Remeasurement  0  0  0  0Accumulated amortization and impairment <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at December 31<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">541</span>  0 - 419Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">348</span> 104 782<span class=\"ws7\"> </span> 473Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>104 782<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">226</span> 104 782<span class=\"ws7\"> </span> 348Goodwill<span class=\"_ _0\"></span> impairm<span class=\"_ _0\"></span>ent analysi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7\"> </span>Goodwill is the posi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ve difference between <span class=\"_ _0\"></span>the acquisition price of<span class=\"_ _0\"></span> a subsi<span class=\"_ _0\"></span>diary,<span class=\"_ _a\"></span> associated company o<span class=\"_ _0\"></span>r joint ven<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure and<span class=\"_ _0\"></span> th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> shareof the Group i<span class=\"_ _0\"></span>n the <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the<span class=\"_ _0\"></span> identifiable assets and li<span class=\"_ _0\"></span>abilities of the acqui<span class=\"_ _0\"></span>red enti<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> on the acquisi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on date. Under standardIFR<span class=\"_ _0\"></span>S 3 <span class=\"ffbc ls7\">\u2013<span class=\"_ _0\"></span><span class=\"ff9c\"> <span class=\"_ _6\"></span><span class=\"ws166\">B<span class=\"_ _0\"></span>usiness Combinations, goodw<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>l is not amort<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed, but rather tested for i<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>irm<span class=\"_ _a\"></span>ent.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Goodwill and i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>angible fixed assets ar<span class=\"_ _a\"></span>e tested annually by management t<span class=\"_ _a\"></span>o see whether they have been exposed <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span> inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h the accounting<span class=\"_ _0\"></span> policies i<span class=\"_ _0\"></span>n not<span class=\"_ _a\"></span>e <span class=\"ws7\">3 </span>(regardless of w<span class=\"_ _0\"></span>hether<span class=\"_ _a\"></span> there are ind<span class=\"_ _0\"></span>ications of impairment). <span class=\"_ _0\"></span><span class=\"ws7\"> </span>To be abl<span class=\"_ _0\"></span>e to assess<span class=\"_ _0\"></span> the necessi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y o<span class=\"_ _0\"></span>f an impairment, the<span class=\"_ _0\"></span> goodwil<span class=\"_ _0\"></span>l is all<span class=\"_ _0\"></span>ocat<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>a cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generating un<span class=\"_ _0\"></span>it. A cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generat<span class=\"_ _a\"></span>ing uni<span class=\"_ _0\"></span>t is<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hesmallest identifiab<span class=\"_ _0\"></span>le group that generates cash <span class=\"_ _0\"></span>that is <span class=\"_ _0\"></span>to a large degr<span class=\"_ _0\"></span>ee independent of the<span class=\"_ _0\"></span> inflow of cash<span class=\"_ _0\"></span> from other asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _4\"></span><span class=\"ws7\"> </span>or groupsof assets. T<span class=\"_ _0\"></span>his cash<span class=\"ws7\">-</span>generating unit<span class=\"_ _0\"></span> is <span class=\"ws7\">analysed </span>on<span class=\"_ _0\"></span> each balance s<span class=\"_ _0\"></span>heet date to dete<span class=\"_ _0\"></span>rm<span class=\"_ _a\"></span>ine w<span class=\"_ _0\"></span>het<span class=\"_ _a\"></span>her the<span class=\"_ _0\"></span> carrying val<span class=\"_ _0\"></span>ue of the<span class=\"_ _0\"></span> goodwilcan be<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>ully recovered<span class=\"_ _0\"></span>. If <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eali<span class=\"_ _0\"></span>zable value of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> cash<span class=\"_ _0\"></span><span class=\"ws7\">-</span>generating unit<span class=\"_ _0\"></span> is lower in<span class=\"_ _0\"></span> the l<span class=\"_ _0\"></span>ong t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>m than<span class=\"_ _0\"></span> the carryi<span class=\"_ _0\"></span>ng value, animpairment is recognized on the i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>atement in <span class=\"_ _0\"></span>the amount of this di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ference. <span class=\"_ _4\"></span><span class=\"ws7\"> </span>In the<span class=\"_ _0\"></span> SIPEF <span class=\"_ _0\"></span><span class=\"ws160\">model, the<span class=\"_ _0\"></span> cash</span>-generat<span class=\"_ _a\"></span>ing uni<span class=\"_ _0\"></span>t is compared w<span class=\"_ _0\"></span>ith the total un<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span>lying<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span> related<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil seg<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ent as o<span class=\"_ _0\"></span>f 31December <span class=\"ls14d ws161\">202</span>2<span class=\"ws166\">. This consists of the <span class=\"_ _0\"></span>following<span class=\"_ _0\"></span> item<span class=\"_ _a\"></span>s:<span class=\"ws7\"> </span></span>Asse<span class=\"_ _a\"></span>ts (<span class=\"_ _6\"></span>in KUSD)<span class=\"_ _a\"></span>*<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ffbc ws7\">\u2013<span class=\"ff9c\"> </span></span>bearer plants<span class=\"ws7\"> </span>316 251<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed assets<span class=\"ws7\"> </span>370 207<span class=\"ws7\"> </span>Goodwill 104 782<span class=\"ws7\"> </span>Current assets <span class=\"ffbc ws7\">\u2013<span class=\"ff9c\"> <span class=\"ls151 ws18b\">cur<span class=\"_ _6\"></span>rent liabilit<span class=\"_ _6\"></span>ies<span class=\"ls7 ws7\"> </span></span></span></span>29 374<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>820 614<span class=\"ws7\"> </span>* <span class=\"ls165 ws1b8\">Assets<span class=\"_ _6\"></span> incl<span class=\"_ _6\"></span>ude o<span class=\"_ _6\"></span>nly t<span class=\"_ _a\"></span>he ent<span class=\"_ _a\"></span>iti<span class=\"_ _6\"></span>es w<span class=\"_ _a\"></span>ith <span class=\"_ _6\"></span>palm oi<span class=\"_ _6\"></span>l acti<span class=\"_ _a\"></span>vit<span class=\"_ _a\"></span>ies<span class=\"ls7 ws7\"> </span></span>The <span class=\"_ _0\"></span><span class=\"ls152 ws179\">SIPEF</span> <span class=\"_ _0\"></span>gr<span class=\"_ _a\"></span>oup has defined the \u201ccash<span class=\"ff9c ws7\">-</span>generating uni<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>\u201d as the op<span class=\"_ _0\"></span>erational palm oi<span class=\"_ _0\"></span>l segment.<span class=\"_ _6\"></span> It con<span class=\"_ _0\"></span>sists of<span class=\"_ _6\"></span> al<span class=\"_ _0\"></span>l cash flows from thepalm oil<span class=\"_ _0\"></span> act<span class=\"_ _a\"></span>ivities of al<span class=\"_ _0\"></span>l plantations in Indonesia an<span class=\"_ _0\"></span>d Papua New Gui<span class=\"_ _0\"></span>nea. The cash <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>lows from <span class=\"_ _0\"></span>the sale of rubber<span class=\"_ _0\"></span>, tea and ban<span class=\"_ _0\"></span>anas<span class=\"_ _0\"></span> areno<span class=\"ls7 ws166\">t included here, as <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he goodw<span class=\"_ _0\"></span>ill has been allocated excl<span class=\"_ _0\"></span>usive<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> whol<span class=\"_ _0\"></span>e of<span class=\"_ _a\"></span> the <span class=\"_ _0\"></span>palm oil segment. <span class=\"ws7\"> </span></span>The recoverable val<span class=\"_ _0\"></span>ue <span class=\"_ _6\"></span>of the cash-generating uni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s to whi<span class=\"_ _0\"></span>ch good<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ll i<span class=\"_ _0\"></span>s a<span class=\"_ _6\"></span>ll<span class=\"_ _0\"></span>oc<span class=\"_ _6\"></span>ated was determined by means of a calculation using adiscounted cash flow<span class=\"_ _0\"></span> model. The starting point is <span class=\"_ _0\"></span>the operational plans of <span class=\"_ _0\"></span>the Group, whi<span class=\"_ _0\"></span>ch look a decade ahead (<span class=\"_ _0\"></span><span class=\"ls14f ws170\">to<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>2032) and havebeen approved by the <span class=\"ws7\">b</span>oard of directors. In this model<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span>macro<span class=\"ws7\">-</span>economic pa<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ameters, such as palm oil<span class=\"_ _0\"></span> pr<span class=\"_ _a\"></span>ice and i<span class=\"_ _0\"></span>nf<span class=\"_ _a\"></span>lation, aredeemed constant for each year.<span class=\"ws7\"> </span>The con<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> pa<span class=\"_ _0\"></span>lm oil price used in the model (USD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">800</span>/ton) is management's best est<span class=\"_ _a\"></span>imate of thelong-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> <span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>lm oil price expressed as CIF R<span class=\"_ _0\"></span>ot<span class=\"_ _a\"></span>terda<span class=\"ls14f ws170\">m. <span class=\"_ _4\"></span></span><span class=\"ws7\">T<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span></span>nega<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ve impact of<span class=\"_ _a\"></span> the altered <span class=\"_ _4\"></span>expor<span class=\"_ _0\"></span>t t<span class=\"_ _6\"></span>ax an<span class=\"_ _0\"></span>d export levy schemes inIndonesia have been<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws166\">includ<span class=\"_ _0\"></span>ed in the fut<span class=\"_ _6\"></span>ure cash<span class=\"_ _0\"></span> flows. <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The average pal<span class=\"_ _0\"></span>m oil price <span class=\"_ _0\"></span>used in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> goodwi<span class=\"_ _0\"></span>ll impairment<span class=\"ws7\"> </span>amounts to<span class=\"_ _0\"></span> USD <span class=\"ls14d ws161\">800</span>/ton w<span class=\"_ _0\"></span>hereas the spot price<span class=\"_ _0\"></span> per 31 D<span class=\"_ _0\"></span>ecember <span class=\"ls14d ws161\">202</span>2amount<span class=\"ls14d ws161\">ed</span> <span class=\"ls151 ws1b9\">t<span class=\"_ _6\"></span>o USD <span class=\"ls14d ws161\">1 070<span class=\"ls14f ws170\">/to<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">. </span></span></span></span>In the model, the growth of sal<span class=\"_ _0\"></span>es is the same as the<span class=\"_ _0\"></span> nor<span class=\"_ _a\"></span>mal improv<span class=\"_ _0\"></span>em<span class=\"_ _a\"></span>ent of the production volumes due <span class=\"_ _0\"></span>to the maturity of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>palmtrees of the variou<span class=\"_ _0\"></span>s subsidiaries. Any improvement i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>uture<span class=\"_ _0\"></span> EBITD<span class=\"_ _0\"></span>A mar<span class=\"_ _a\"></span>gins i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>el is a no<span class=\"_ _0\"></span>rm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> consequence of the s<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>meimprovement in production volumes.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>The current model<span class=\"_ _0\"></span> was establi<span class=\"_ _0\"></span>shed with a w<span class=\"_ _0\"></span>eighted average cost<span class=\"_ _0\"></span> of capital <span class=\"_ _0\"></span>(af<span class=\"_ _a\"></span>ter<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>ax) of<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span>11.56<span class=\"ls156 ws1ba\">% an<span class=\"_ _0\"></span>d </span></span>util<span class=\"_ _0\"></span>ises the local<span class=\"_ _0\"></span> tax rates <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>22%-<span class=\"ls156 ws194\">30%.</span>dependi<span class=\"_ _0\"></span>ng on the<span class=\"_ _0\"></span> countr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es in the<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> cash flows are<span class=\"_ _0\"></span> generated.<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ls14f ws18a\">Th<span class=\"_ _0\"></span>e te<span class=\"_ _0\"></span></span></span>rminal val<span class=\"_ _0\"></span>ue in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> discounted cash<span class=\"_ _0\"></span> flowmodel is based<span class=\"_ _0\"></span> on perpet<span class=\"_ _a\"></span>ual growth<span class=\"_ _0\"></span> of 2% in acco<span class=\"_ _0\"></span>rdance with the <span class=\"_ _0\"></span>Gordon growth model. <span class=\"_ _0\"></span>I<span class=\"_ _a\"></span>n <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>odel w<span class=\"_ _0\"></span>e use a sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y analys<span class=\"_ _4\"></span>i<span class=\"_ _0\"></span>sfor various palm oil pri<span class=\"_ _0\"></span>ces and various weighted average costs<span class=\"_ _0\"></span> of capi<span class=\"_ _0\"></span>tal (WACC):<span class=\"ws7\"> </span>Palm<span class=\"_ _a\"></span> oil pri<span class=\"_ _6\"></span>ce<span class=\"_ _0\"></span> (CI<span class=\"_ _6\"></span>F R<span class=\"_ _0\"></span>ot<span class=\"_ _6\"></span>terdam)<span class=\"ls7 ws7\"> </span>Scenario 1<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 2 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 3<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>WACC Scenario 1<span class=\"ws7\"> </span>10.56% Scenario 2 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11.56% Scenario 3<span class=\"ws7\"> </span>12.56% Summary assumptions of 2022:<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>PO / <span class=\"_ _0\"></span>WAC<span class=\"_ _0\"></span>C<span class=\"ls7\"> </span>10.56% 11.56% 12.56% USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 1<span class=\"ws7\"> </span>Scenario 4<span class=\"ws7\"> </span>Scenario 7<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 2<span class=\"ws7\"> </span>Scenario <span class=\"ws165\">5 (base case)<span class=\"_ _0\"></span></span> Scenario 8<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>Scenario 3<span class=\"ws7\"> </span>Scenario 6<span class=\"ws7\"> </span>Scenario 9<span class=\"ws7\"> </span>Summary assumptions of <span class=\"ls14d ws161\">202</span><span class=\"ws7\">1<span class=\"ls15b ws1a8\">: <span class=\"_ _0\"></span></span> </span>PO / <span class=\"_ _0\"></span>WAC<span class=\"_ _0\"></span>C<span class=\"ls7\"> </span>7.19% 8.19% 9.19% USD <span class=\"ls14d ws161\">705<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 1<span class=\"ws7\"> </span>Scenario 4<span class=\"ws7\"> </span>Scenario 7<span class=\"ws7\"> </span>USD 7<span class=\"ls14d ws161\">55<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 2<span class=\"ws7\"> </span>Scenario 5 (base case)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Scenario 8<span class=\"ws7\"> </span>USD <span class=\"ls14d ws161\">805<span class=\"ls14f ws7\">/ton C<span class=\"_ _0\"></span>IF R<span class=\"_ _0\"></span>otterda<span class=\"_ _0\"></span>m<span class=\"ls7\"> </span></span></span>Scenario 3<span class=\"ws7\"> </span>Scenario 6<span class=\"ws7\"> </span>Scenario 9<span class=\"ws7\"> </span>The increase of the<span class=\"_ _0\"></span> WACC compared to previous year i<span class=\"_ _0\"></span>s primar<span class=\"_ _a\"></span>ily d<span class=\"_ _0\"></span>ue to the increase i<span class=\"_ _0\"></span>n <span class=\"ws165\">w<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>ld market <span class=\"ws166\">U<span class=\"_ _0\"></span>SD interest r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>in 2022. <span class=\"ws7\"> </span></span></span>For the sensi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ivity anal<span class=\"_ _0\"></span>ysis, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> price was i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>eased<span class=\"_ _0\"></span> and decreased by U<span class=\"_ _0\"></span>SD 50/ton. T<span class=\"_ _0\"></span>he WACC was <span class=\"_ _4\"></span>increased and decreased<span class=\"_ _0\"></span> withone percent. A sensitivity matrix is shown bel<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>w for the total discounted cash flow for various pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil pri<span class=\"_ _0\"></span>c<span class=\"_ _6\"></span>es and various w<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ght<span class=\"_ _a\"></span>edaverage costs of capital<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>WA<span class=\"_ _0\"></span>CC).<span class=\"ws7\"> </span>Sensitivity matrix<span class=\"ws7\"> <span class=\"ws166\">per 31 D<span class=\"_ _0\"></span>ecember 2022</span> </span>WA<span class=\"_ _0\"></span>CC/P<span class=\"_ _0\"></span>O price<span class=\"_ _0\"></span> <span class=\"ls151 ws18b\">(i<span class=\"_ _6\"></span>n KUSD)<span class=\"ls7 ws7\"> </span></span>10.56% 11.56% 12.56% USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 025 365<span class=\"ws7\"> </span>901 297<span class=\"ws7\"> </span>801 168<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 192 466<span class=\"ws7\"> </span>1 051 510<span class=\"ws7\"> </span>937 692<span class=\"ws7\"> </span>USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span>1 067 563<span class=\"ws7\"> </span>940 179<span class=\"ws7\"> </span>837 318<span class=\"ws7\"> </span>Value of underl<span class=\"_ _0\"></span>ying assets*<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>820 614<span class=\"ws7\"> </span>* <span class=\"ls7 ws7\">C<span class=\"ls165 ws1b8\">oncer<span class=\"_ _a\"></span>ns<span class=\"_ _6\"></span> the u<span class=\"_ _a\"></span>nder<span class=\"_ _6\"></span>lying as<span class=\"_ _a\"></span>s<span class=\"_ _6\"></span>et<span class=\"_ _0\"></span><span class=\"ls7 ws7\">s </span>r<span class=\"_ _6\"></span>elate<span class=\"_ _6\"></span>d to t<span class=\"_ _a\"></span>he <span class=\"_ _6\"></span>palm oi<span class=\"_ _6\"></span>l<span class=\"ls7 ws7\"> </span><span class=\"ws1bc\">segm<span class=\"_ _6\"></span>ent<span class=\"ls7 ws7\"> </span></span></span></span>The headroom is the dif<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>erence between the<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> discounted cash fl<span class=\"_ _0\"></span>ows and the value of the underl<span class=\"_ _0\"></span>ying asset:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Headroom (<span class=\"_ _6\"></span>in KUSD)<span class=\"fc2a ls7 ws7\"> </span>10.56%<span class=\"fc2a\"> </span>11.56%<span class=\"fc2a\"> </span>12.56%<span class=\"fc2a\"> </span>USD<span class=\"_ _0\"></span> 750/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">204 751</span>  <span class=\"ws166\">80 683</span> - <span class=\"ws166\">19 446</span> USD<span class=\"_ _0\"></span> 800/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">371 852</span>  <span class=\"ws165\">230 896</span>  <span class=\"ws165\">117 077</span> USD<span class=\"_ _0\"></span> 850/<span class=\"_ _a\"></span>ton CIF Rotterdam<span class=\"ws7\"> </span> <span class=\"ws165\">246 949</span>  <span class=\"ws165\">119 565</span>  <span class=\"ws166\">16 704</span> Green = base scenario<span class=\"_ _0\"></span><span class=\"ws7\"> </span>We also cal<span class=\"_ _0\"></span>culate t<span class=\"_ _a\"></span>he breakeven pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil pri<span class=\"_ _0\"></span>ce based on the various WAC<span class=\"_ _0\"></span>Cs.<span class=\"ws7\"> </span>Breakeven p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice<span class=\"fc2a ws7\"> </span>10.56%<span class=\"fc2a\"> </span>11.56%<span class=\"fc2a\"> </span>12.56%<span class=\"fc2a\"> </span>US<span class=\"_ _0\"></span>D/ton<span class=\"ls7 ws7\"> </span>701 $/ton<span class=\"ws7\"> </span>729 $/ton<span class=\"ws7\"> </span>755 $/ton<span class=\"ws7\"> </span>Management is of the opinion that the assumptions used in the calculation of the value in use as described above give the bes<span class=\"_ _0\"></span>estimates of future development. The sensitivi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>y analysi<span class=\"_ _0\"></span>s shows that goodwill is <span class=\"_ _0\"></span><span class=\"ws7\">in <span class=\"_ _0\"></span></span>most of the <span class=\"ws7\">cases <span class=\"_ _0\"></span></span>fully recoverable.<span class=\"ws7\"> <span class=\"_ _0\"></span></span>As a <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>esult<span class=\"_ _6\"></span>,management is of the<span class=\"_ _0\"></span> opinion that there is no<span class=\"_ _0\"></span> indication<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>y impairment. Future sales prices <span class=\"_ _0\"></span>continue to be<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>icult to<span class=\"_ _0\"></span> predi<span class=\"_ _0\"></span>ct<span class=\"_ _6\"></span> ove<span class=\"_ _0\"></span>ra long peri<span class=\"_ _0\"></span>od of<span class=\"_ _a\"></span> time and <span class=\"_ _0\"></span>will be con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nuously monitored in the future. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-64-2": {
   "value": "9.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls150 ws16e\">BIOLOG<span class=\"_ _0\"></span>ICAL A<span class=\"_ _0\"></span>SS<span class=\"_ _0\"></span>ETS </span><span class=\"ffbf\">\u2013</span> <span class=\"ls15d ws1b1\">BEARE<span class=\"_ _a\"></span>R PLANTS<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span></span>Mov<span class=\"ls153 ws7\">em<span class=\"_ _0\"></span>ent sche<span class=\"_ _0\"></span>dule bio<span class=\"_ _0\"></span>lo<span class=\"_ _a\"></span>gi<span class=\"_ _0\"></span>cal asse<span class=\"_ _0\"></span>ts <span class=\"ls7\">- </span><span class=\"ws17d\">bearer<span class=\"_ _0\"></span> plants<span class=\"_ _0\"></span></span><span class=\"ls7\"> </span></span>The balan<span class=\"_ _0\"></span>ce sheet m<span class=\"_ _6\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents in biol<span class=\"_ _0\"></span>ogical assets<span class=\"ws7\"> <span class=\"ffc0\">\u2013</span> </span>bearer plants<span class=\"ws7\"> </span>can be summarized as <span class=\"_ _0\"></span>follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Gr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">416 487</span>  429 192Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- 17 474Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  <span class=\"ws166\">29 429</span>  27 396Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ws165\">6 145</span> - 22 594Transfers   <span class=\"ls14d ws161\">161<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  80Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">82</span></span> -  114Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">439 851</span>  416 487Accumulated depreciation and <span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mpair<span class=\"_ _0\"></span>ment<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ws165\">109 116</span> - 113 365Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 924Depreciation - <span class=\"ws166\">19 228</span> - 21 462Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">5 140</span>  20 694Transfers   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  92Accumulated <span class=\"ws166\">depreciation and impairment losses<span class=\"_ _0\"></span> at<span class=\"_ _a\"></span> December<span class=\"_ _0\"></span> 31<span class=\"ws7\"> </span></span>- <span class=\"ws165\">123 136</span> - 109 116Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">307 371</span>  315 827Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">316 71</span>4  307 37110.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER PROPERT<span class=\"_ _6\"></span>Y, PLANT AND E<span class=\"_ _a\"></span>QUIPMENT<span class=\"ls7 ws7\"> </span></span>202<span class=\"ls7 ws7\">2 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>entIn Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>al<span class=\"ls7 ws7\"> </span>, furnit<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span> pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at J<span class=\"_ _6\"></span>anuary<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  <span class=\"ws165\">643 933</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">12 947</span>  <span class=\"ws166\">10 912</span>  <span class=\"ws165\">7 451</span>  <span class=\"ws165\">1 260</span>   <span class=\"ls14d ws161\">822</span><span class=\"ws7\"> </span> <span class=\"ws165\">8 730</span>  <span class=\"ws165\">7 744</span>  <span class=\"ws166\">49 864</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">1 521</span> - <span class=\"ws165\">2 470</span> - <span class=\"ws165\">6 112</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">158</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">338</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">10 598</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">8 782</span>  <span class=\"ws165\">3 730</span>   <span class=\"ls14d ws161\">405</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">160</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">13 238</span>  0 -<span class=\"ws166\">  <span class=\"ls14d ws161\">161</span></span> Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">10</span></span>   <span class=\"ls14d ws161\">13</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">3<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">670</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">167</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">126</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">57</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">213</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">13</span></span> - <span class=\"ws165\">1 247</span> Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at De<span class=\"_ _6\"></span>cember 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">220 362</span>  <span class=\"ws165\">199 873</span>  <span class=\"ws166\">74 240</span>  <span class=\"ws166\">36 070</span>  <span class=\"ws165\">4 373</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">139 143</span>  <span class=\"ws165\">681 795</span> Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - <span class=\"ws165\">284 038</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">8 858</span> - <span class=\"ls14d ws161\">10 <span class=\"_ _a\"></span>906<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws165\">5 690</span> - <span class=\"ws165\">2 493</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">624</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">19</span></span> - <span class=\"ws166\">28 590</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">981<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">2 713</span>  <span class=\"ws165\">6 077</span>   <span class=\"ls14d ws161\">153</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  </span>1  <span class=\"ws165\">9 923</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">541<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">149<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">85</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">53</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">13<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">840<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">88 987</span> - <span class=\"ws165\">126 587</span> - <span class=\"ws166\">57 384</span> - <span class=\"ws166\">24 479</span> - <span class=\"ws165\">1 588</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 841</span> - <span class=\"ws165\">301 866</span> Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  <span class=\"ws165\">359 896</span> Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">131 374</span>  <span class=\"ws166\">73 287</span>  <span class=\"ws166\">16 856</span>  <span class=\"ws166\">11 591</span>  <span class=\"ws165\">2 785</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">136 302</span>  <span class=\"ws165\">379 931</span> The total of the<span class=\"_ _0\"></span> investment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>in tangible asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s (KU<span class=\"_ _0\"></span>SD 79 294) r<span class=\"_ _0\"></span>elates to the usual repl<span class=\"_ _0\"></span>acement<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws7\">investments</span>, but<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>theexpansions i<span class=\"_ _0\"></span>n South Sumat<span class=\"_ _a\"></span>ra <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>36 22<span class=\"_ _0\"></span>5)<span class=\"_ _a\"></span>, whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e also <span class=\"_ _0\"></span>the expansi<span class=\"_ _0\"></span>on of the D<span class=\"_ _0\"></span>endymar<span class=\"_ _a\"></span>ker mil<span class=\"_ _0\"></span>l has been <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nalised<span class=\"_ _0\"></span>. Continued covid<span class=\"_ _0\"></span>19 related logi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal and operational con<span class=\"_ _0\"></span>straints kept <span class=\"_ _0\"></span><span class=\"ws7\">investments <span class=\"_ _0\"></span></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porarily bel<span class=\"_ _0\"></span>ow expectations of USD<span class=\"_ _0\"></span> 100 milli<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>The asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> inprogress mainly relate <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he continued i<span class=\"_ _0\"></span>nvest<span class=\"_ _6\"></span>ments<span class=\"_ _0\"></span> in the immatu<span class=\"_ _0\"></span>re areas, whi<span class=\"_ _0\"></span>ch will be transferred to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>e bearer<span class=\"_ _0\"></span> plants upon theircoming to maturity. In addition<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he D<span class=\"_ _0\"></span>endymarker<span class=\"_ _a\"></span> mill ha<span class=\"_ _0\"></span>s been tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>during 2022 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the land, buildi<span class=\"_ _0\"></span>ngs and infrastr<span class=\"_ _a\"></span>ucture aftercommissioning<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he exp<span class=\"_ _0\"></span>ansion from<span class=\"_ _a\"></span> 20 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span> per hour to 60 ton<span class=\"_ _0\"></span> <span class=\"ls155 ws188\">FFB </span>per hour. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>202<span class=\"ls7 ws7\">1 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent, In Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>alfurnit<span class=\"_ _0\"></span>ure pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">188 549</span>  <span class=\"ws165\">190 336</span>  <span class=\"ws166\">72 629</span>  <span class=\"ws166\">34 138</span>  <span class=\"ws165\">3 304</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">125 533</span>  630 983Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope - <span class=\"ws165\">7 491</span> - <span class=\"ws165\">6 134</span> - <span class=\"ws165\">1 322</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">834</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">1 131</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">197</span></span> - 17 109Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">13 846</span>  <span class=\"ws165\">4 833</span>  <span class=\"ws165\">3 987</span>  <span class=\"ws165\">1 544</span>   <span class=\"ls14d ws161\">247</span><span class=\"ws7\"> </span> <span class=\"ws166\">10 448</span>  <span class=\"ws165\">6 351</span>  41 256Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">859</span></span> - <span class=\"ws165\">1 199</span> - <span class=\"ws165\">3 017</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">90</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">4 142</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">259</span></span> - 9 <span class=\"_ _6\"></span>566Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">7 722</span>   <span class=\"ls14d ws161\">237</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">505<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">186</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">8 729</span>  0 -  80Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">12</span></span>   <span class=\"ls14d ws161\">12</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">922</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">231</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">160</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">78</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">144</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">17</span></span> - 1 550Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  643 933Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 098</span> - <span class=\"ws165\">114 635</span> - <span class=\"ws166\">56 458</span> - <span class=\"ws166\">20 431</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">547</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">3 002</span> - 276 172Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope 5 988<span class=\"ws7\"> </span> <span class=\"ws165\">5 39</span>2  <span class=\"ws165\">1 193</span>   <span class=\"ls14d ws161\">541</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">181<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> 13 295Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">7 <span class=\"_ _a\"></span>980<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws166\">10 63</span>7 - <span class=\"ws165\">5 473</span> - <span class=\"ws165\">2 454</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">416</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">29</span></span> - 26 <span class=\"_ _6\"></span>988Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">725</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 142</span>  <span class=\"ws165\">2 770</span>   <span class=\"ls14d ws161\">84</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 721Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">1<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  1Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">713</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">196</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">112<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">16</span><span class=\"ws7\"> </span> 1 105Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - 284 038Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">107 451</span>  <span class=\"ws166\">75 701</span>  <span class=\"ws166\">16 171</span>  <span class=\"ws166\">13 707</span>  <span class=\"ws165\">2 757</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">122 531</span>  354 810Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  359 896Below<span class=\"_ _0\"></span> is a table with the proprietary rights on w<span class=\"_ _0\"></span>hich the plantations of the<span class=\"_ _0\"></span> SIPEF group are es<span class=\"_ _0\"></span>tablished:Hectares<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Ty<span class=\"_ _6\"></span>pe<span class=\"ls7 ws7\"> </span>Maturi<span class=\"_ _a\"></span>ty<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Cro<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>6 042<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>2 437<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>3 200<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Kerasaan <span class=\"_ _0\"></span><span class=\"ws7\">I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia </span>2 380<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>1 189<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Rubber and oi<span class=\"_ _0\"></span>l palm<span class=\"ws7\"> </span>PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>5 140<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Rubber and Tea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>1 199<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2046<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 256<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2044<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 423<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2045<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">315</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2031<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>1 410<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 903<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>7 437<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2044<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws165\">Agro Muko<span class=\"ws7\"> </span></span>2 185<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>1 515<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 100<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Rubber PT Agro Muko<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">232</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2056<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>4 397<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2048<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 071<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2048<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">679</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2049<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">462</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2049<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">155</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2019<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>13 705<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws166\">Mukomuko Agro Sejahtera<span class=\"ws7\"> </span></span>1 705<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2053<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era (STGE)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">385</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era (BKDE)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 513<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2057<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">972</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Rubber and oi<span class=\"_ _0\"></span>l <span class=\"ws7\">palm </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">128</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2075<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>2 967<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2076<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">34</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2077<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> 7 Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2079<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>6 460<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2082<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>2 900<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2101<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">170</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2102<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">694</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2106<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> 1 Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2110<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">18</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2113<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">246</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2117<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> </span>1 021<span class=\"ws7\"> </span>Freehold n/a<span class=\"ls7 ws7\"> </span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plantations J. <span class=\"ws165\">Egl<span class=\"_ _0\"></span>in SA<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">743</span> Provision<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l concessi<span class=\"_ _0\"></span>on<span class=\"ws7\"> </span>n/a<span class=\"ls7 ws7\"> </span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws166\">86 622</span> PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>1 814<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>5 712<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>7 568<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws166\">Agro Kati Lama<span class=\"ws7\"> </span></span>3 091<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>4 811<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>7 498<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>1 303<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>4 201<span class=\"ws7\"> </span>In <span class=\"ls7 ws7\">negotiation </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">385</span> In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws166\">36 383</span> * All<span class=\"_ _6\"></span> docume<span class=\"_ _6\"></span>ntati<span class=\"_ _6\"></span>on for t<span class=\"_ _a\"></span>he re<span class=\"_ _6\"></span>newal o<span class=\"_ _6\"></span>f the l<span class=\"_ _6\"></span>and rig<span class=\"_ _6\"></span>hts whi<span class=\"_ _a\"></span>ch mat<span class=\"_ _6\"></span>ured i<span class=\"_ _6\"></span>n 202<span class=\"_ _0\"></span><span class=\"ls7 ws7\">2 <span class=\"_ _0\"></span></span>h<span class=\"_ _a\"></span>as<span class=\"_ _6\"></span> been deli<span class=\"_ _6\"></span>vere<span class=\"_ _a\"></span>d in ti<span class=\"_ _6\"></span>me to t<span class=\"_ _a\"></span>he rel<span class=\"_ _6\"></span>evan<span class=\"_ _6\"></span>t author<span class=\"_ _6\"></span>ities.<span class=\"_ _a\"></span> T<span class=\"_ _6\"></span>he auth<span class=\"_ _6\"></span>oriti<span class=\"_ _6\"></span>es are in t<span class=\"_ _6\"></span>heproc<span class=\"_ _a\"></span>ess <span class=\"_ _6\"></span>of revi<span class=\"_ _6\"></span>ewin<span class=\"_ _6\"></span>g and <span class=\"_ _a\"></span>appr<span class=\"_ _6\"></span>ovin<span class=\"_ _6\"></span>g. Ther<span class=\"_ _6\"></span>e is n<span class=\"_ _a\"></span>o in<span class=\"_ _6\"></span>dicati<span class=\"_ _a\"></span>on t<span class=\"_ _6\"></span>hat<span class=\"_ _a\"></span> th<span class=\"_ _a\"></span>ese la<span class=\"_ _6\"></span>nd r<span class=\"_ _6\"></span>ights w<span class=\"_ _6\"></span>ill<span class=\"_ _6\"></span> not be r<span class=\"_ _a\"></span>enew<span class=\"_ _6\"></span>ed. In addition, our subsidiary H<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>gy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span> has a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> of 7 241<span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ws165\">hectares of </span>surveyed area <span class=\"ws165\">(of which 4 02<span class=\"_ _0\"></span>9</span> hect<span class=\"_ _6\"></span>ares plan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>) <span class=\"ls14d ws161\">on </span></span>subleased l<span class=\"_ _0\"></span>and, with renewal dates between 2036<span class=\"_ _0\"></span> and 2046.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-64-3": {
   "value": "9.<span class=\"ff9a\"> <span class=\"_ _118\"> </span></span><span class=\"ls150 ws16e\">BIOLOG<span class=\"_ _0\"></span>ICAL A<span class=\"_ _0\"></span>SS<span class=\"_ _0\"></span>ETS </span><span class=\"ffbf\">\u2013</span> <span class=\"ls15d ws1b1\">BEARE<span class=\"_ _a\"></span>R PLANTS<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span></span>Mov<span class=\"ls153 ws7\">em<span class=\"_ _0\"></span>ent sche<span class=\"_ _0\"></span>dule bio<span class=\"_ _0\"></span>lo<span class=\"_ _a\"></span>gi<span class=\"_ _0\"></span>cal asse<span class=\"_ _0\"></span>ts <span class=\"ls7\">- </span><span class=\"ws17d\">bearer<span class=\"_ _0\"></span> plants<span class=\"_ _0\"></span></span><span class=\"ls7\"> </span></span>The balan<span class=\"_ _0\"></span>ce sheet m<span class=\"_ _6\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents in biol<span class=\"_ _0\"></span>ogical assets<span class=\"ws7\"> <span class=\"ffc0\">\u2013</span> </span>bearer plants<span class=\"ws7\"> </span>can be summarized as <span class=\"_ _0\"></span>follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Gr<span class=\"_ _a\"></span>oss carry<span class=\"_ _6\"></span>ing amount at January<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">416 487</span>  429 192Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- 17 474Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  <span class=\"ws166\">29 429</span>  27 396Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ws165\">6 145</span> - 22 594Transfers   <span class=\"ls14d ws161\">161<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  80Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">82</span></span> -  114Gross carrying amount at December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">439 851</span>  416 487Accumulated depreciation and <span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mpair<span class=\"_ _0\"></span>ment<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>sses at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ws165\">109 116</span> - 113 365Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 924Depreciation - <span class=\"ws166\">19 228</span> - 21 462Sales and di<span class=\"_ _0\"></span>sposa<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">5 140</span>  20 694Transfers   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  92Accumulated <span class=\"ws166\">depreciation and impairment losses<span class=\"_ _0\"></span> at<span class=\"_ _a\"></span> December<span class=\"_ _0\"></span> 31<span class=\"ws7\"> </span></span>- <span class=\"ws165\">123 136</span> - 109 116Net carrying amount January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">307 371</span>  315 827Net carrying amount December 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">316 71</span>4  307 37110.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER PROPERT<span class=\"_ _6\"></span>Y, PLANT AND E<span class=\"_ _a\"></span>QUIPMENT<span class=\"ls7 ws7\"> </span></span>202<span class=\"ls7 ws7\">2 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>entIn Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>al<span class=\"ls7 ws7\"> </span>, furnit<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span> pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at J<span class=\"_ _6\"></span>anuary<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  <span class=\"ws165\">643 933</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">12 947</span>  <span class=\"ws166\">10 912</span>  <span class=\"ws165\">7 451</span>  <span class=\"ws165\">1 260</span>   <span class=\"ls14d ws161\">822</span><span class=\"ws7\"> </span> <span class=\"ws165\">8 730</span>  <span class=\"ws165\">7 744</span>  <span class=\"ws166\">49 864</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">1 521</span> - <span class=\"ws165\">2 470</span> - <span class=\"ws165\">6 112</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">158</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">338</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">10 598</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">8 782</span>  <span class=\"ws165\">3 730</span>   <span class=\"ls14d ws161\">405</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">160</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">13 238</span>  0 -<span class=\"ws166\">  <span class=\"ls14d ws161\">161</span></span> Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">10</span></span>   <span class=\"ls14d ws161\">13</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">3<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">670</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">167</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">126</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">57</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">213</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">13</span></span> - <span class=\"ws165\">1 247</span> Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at De<span class=\"_ _6\"></span>cember 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">220 362</span>  <span class=\"ws165\">199 873</span>  <span class=\"ws166\">74 240</span>  <span class=\"ws166\">36 070</span>  <span class=\"ws165\">4 373</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">139 143</span>  <span class=\"ws165\">681 795</span> Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - <span class=\"ws165\">284 038</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">8 858</span> - <span class=\"ls14d ws161\">10 <span class=\"_ _a\"></span>906<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws165\">5 690</span> - <span class=\"ws165\">2 493</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">624</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">19</span></span> - <span class=\"ws166\">28 590</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">981<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">2 713</span>  <span class=\"ws165\">6 077</span>   <span class=\"ls14d ws161\">153</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  </span>1  <span class=\"ws165\">9 923</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">541<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">149<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">85</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">53</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">13<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">840<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">88 987</span> - <span class=\"ws165\">126 587</span> - <span class=\"ws166\">57 384</span> - <span class=\"ws166\">24 479</span> - <span class=\"ws165\">1 588</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 841</span> - <span class=\"ws165\">301 866</span> Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  <span class=\"ws165\">359 896</span> Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">131 374</span>  <span class=\"ws166\">73 287</span>  <span class=\"ws166\">16 856</span>  <span class=\"ws166\">11 591</span>  <span class=\"ws165\">2 785</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">136 302</span>  <span class=\"ws165\">379 931</span> The total of the<span class=\"_ _0\"></span> investment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>in tangible asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s (KU<span class=\"_ _0\"></span>SD 79 294) r<span class=\"_ _0\"></span>elates to the usual repl<span class=\"_ _0\"></span>acement<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws7\">investments</span>, but<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>theexpansions i<span class=\"_ _0\"></span>n South Sumat<span class=\"_ _a\"></span>ra <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>36 22<span class=\"_ _0\"></span>5)<span class=\"_ _a\"></span>, whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e also <span class=\"_ _0\"></span>the expansi<span class=\"_ _0\"></span>on of the D<span class=\"_ _0\"></span>endymar<span class=\"_ _a\"></span>ker mil<span class=\"_ _0\"></span>l has been <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nalised<span class=\"_ _0\"></span>. Continued covid<span class=\"_ _0\"></span>19 related logi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal and operational con<span class=\"_ _0\"></span>straints kept <span class=\"_ _0\"></span><span class=\"ws7\">investments <span class=\"_ _0\"></span></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porarily bel<span class=\"_ _0\"></span>ow expectations of USD<span class=\"_ _0\"></span> 100 milli<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>The asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> inprogress mainly relate <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he continued i<span class=\"_ _0\"></span>nvest<span class=\"_ _6\"></span>ments<span class=\"_ _0\"></span> in the immatu<span class=\"_ _0\"></span>re areas, whi<span class=\"_ _0\"></span>ch will be transferred to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>e bearer<span class=\"_ _0\"></span> plants upon theircoming to maturity. In addition<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he D<span class=\"_ _0\"></span>endymarker<span class=\"_ _a\"></span> mill ha<span class=\"_ _0\"></span>s been tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>during 2022 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the land, buildi<span class=\"_ _0\"></span>ngs and infrastr<span class=\"_ _a\"></span>ucture aftercommissioning<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he exp<span class=\"_ _0\"></span>ansion from<span class=\"_ _a\"></span> 20 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span> per hour to 60 ton<span class=\"_ _0\"></span> <span class=\"ls155 ws188\">FFB </span>per hour. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>202<span class=\"ls7 ws7\">1 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent, In Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>alfurnit<span class=\"_ _0\"></span>ure pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">188 549</span>  <span class=\"ws165\">190 336</span>  <span class=\"ws166\">72 629</span>  <span class=\"ws166\">34 138</span>  <span class=\"ws165\">3 304</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">125 533</span>  630 983Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope - <span class=\"ws165\">7 491</span> - <span class=\"ws165\">6 134</span> - <span class=\"ws165\">1 322</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">834</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">1 131</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">197</span></span> - 17 109Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">13 846</span>  <span class=\"ws165\">4 833</span>  <span class=\"ws165\">3 987</span>  <span class=\"ws165\">1 544</span>   <span class=\"ls14d ws161\">247</span><span class=\"ws7\"> </span> <span class=\"ws166\">10 448</span>  <span class=\"ws165\">6 351</span>  41 256Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">859</span></span> - <span class=\"ws165\">1 199</span> - <span class=\"ws165\">3 017</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">90</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">4 142</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">259</span></span> - 9 <span class=\"_ _6\"></span>566Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">7 722</span>   <span class=\"ls14d ws161\">237</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">505<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">186</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">8 729</span>  0 -  80Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">12</span></span>   <span class=\"ls14d ws161\">12</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">922</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">231</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">160</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">78</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">144</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">17</span></span> - 1 550Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  643 933Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 098</span> - <span class=\"ws165\">114 635</span> - <span class=\"ws166\">56 458</span> - <span class=\"ws166\">20 431</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">547</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">3 002</span> - 276 172Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope 5 988<span class=\"ws7\"> </span> <span class=\"ws165\">5 39</span>2  <span class=\"ws165\">1 193</span>   <span class=\"ls14d ws161\">541</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">181<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> 13 295Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">7 <span class=\"_ _a\"></span>980<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws166\">10 63</span>7 - <span class=\"ws165\">5 473</span> - <span class=\"ws165\">2 454</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">416</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">29</span></span> - 26 <span class=\"_ _6\"></span>988Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">725</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 142</span>  <span class=\"ws165\">2 770</span>   <span class=\"ls14d ws161\">84</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 721Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">1<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  1Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">713</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">196</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">112<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">16</span><span class=\"ws7\"> </span> 1 105Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - 284 038Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">107 451</span>  <span class=\"ws166\">75 701</span>  <span class=\"ws166\">16 171</span>  <span class=\"ws166\">13 707</span>  <span class=\"ws165\">2 757</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">122 531</span>  354 810Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  359 896",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-65-4": {
   "value": "10.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER PROPERT<span class=\"_ _6\"></span>Y, PLANT AND E<span class=\"_ _a\"></span>QUIPMENT<span class=\"ls7 ws7\"> </span></span>202<span class=\"ls7 ws7\">2 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>entIn Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>al<span class=\"ls7 ws7\"> </span>, furnit<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span> pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at J<span class=\"_ _6\"></span>anuary<span class=\"_ _6\"></span> 1<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  <span class=\"ws165\">643 933</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">12 947</span>  <span class=\"ws166\">10 912</span>  <span class=\"ws165\">7 451</span>  <span class=\"ws165\">1 260</span>   <span class=\"ls14d ws161\">822</span><span class=\"ws7\"> </span> <span class=\"ws165\">8 730</span>  <span class=\"ws165\">7 744</span>  <span class=\"ws166\">49 864</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">1 521</span> - <span class=\"ws165\">2 470</span> - <span class=\"ws165\">6 112</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">158</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">338</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">10 598</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">8 782</span>  <span class=\"ws165\">3 730</span>   <span class=\"ls14d ws161\">405</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">160</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws166\">13 238</span>  0 -<span class=\"ws166\">  <span class=\"ls14d ws161\">161</span></span> Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">10</span></span>   <span class=\"ls14d ws161\">13</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">3<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">670</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">167</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">126</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">57</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">213</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">13</span></span> - <span class=\"ws165\">1 247</span> Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at De<span class=\"_ _6\"></span>cember 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">220 362</span>  <span class=\"ws165\">199 873</span>  <span class=\"ws166\">74 240</span>  <span class=\"ws166\">36 070</span>  <span class=\"ws165\">4 373</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">139 143</span>  <span class=\"ws165\">681 795</span> Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - <span class=\"ws165\">284 038</span> Change in consolidat<span class=\"_ _a\"></span>ion sc<span class=\"_ _6\"></span>ope<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ws165\">8 858</span> - <span class=\"ls14d ws161\">10 <span class=\"_ _a\"></span>906<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws165\">5 690</span> - <span class=\"ws165\">2 493</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">624</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">19</span></span> - <span class=\"ws166\">28 590</span> Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">981<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">2 713</span>  <span class=\"ws165\">6 077</span>   <span class=\"ls14d ws161\">153</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  </span>1  <span class=\"ws165\">9 923</span> Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">541<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">149<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">85</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">53</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">13<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">840<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">88 987</span> - <span class=\"ws165\">126 587</span> - <span class=\"ws166\">57 384</span> - <span class=\"ws166\">24 479</span> - <span class=\"ws165\">1 588</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 841</span> - <span class=\"ws165\">301 866</span> Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  <span class=\"ws165\">359 896</span> Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">131 374</span>  <span class=\"ws166\">73 287</span>  <span class=\"ws166\">16 856</span>  <span class=\"ws166\">11 591</span>  <span class=\"ws165\">2 785</span>  <span class=\"ws165\">7 735</span>  <span class=\"ws165\">136 302</span>  <span class=\"ws165\">379 931</span> The total of the<span class=\"_ _0\"></span> investment<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>in tangible asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s (KU<span class=\"_ _0\"></span>SD 79 294) r<span class=\"_ _0\"></span>elates to the usual repl<span class=\"_ _0\"></span>acement<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws7\">investments</span>, but<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>theexpansions i<span class=\"_ _0\"></span>n South Sumat<span class=\"_ _a\"></span>ra <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>36 22<span class=\"_ _0\"></span>5)<span class=\"_ _a\"></span>, whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e also <span class=\"_ _0\"></span>the expansi<span class=\"_ _0\"></span>on of the D<span class=\"_ _0\"></span>endymar<span class=\"_ _a\"></span>ker mil<span class=\"_ _0\"></span>l has been <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nalised<span class=\"_ _0\"></span>. Continued covid<span class=\"_ _0\"></span>19 related logi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cal and operational con<span class=\"_ _0\"></span>straints kept <span class=\"_ _0\"></span><span class=\"ws7\">investments <span class=\"_ _0\"></span></span>t<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>porarily bel<span class=\"_ _0\"></span>ow expectations of USD<span class=\"_ _0\"></span> 100 milli<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>The asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> inprogress mainly relate <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he continued i<span class=\"_ _0\"></span>nvest<span class=\"_ _6\"></span>ments<span class=\"_ _0\"></span> in the immatu<span class=\"_ _0\"></span>re areas, whi<span class=\"_ _0\"></span>ch will be transferred to <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>e bearer<span class=\"_ _0\"></span> plants upon theircoming to maturity. In addition<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he D<span class=\"_ _0\"></span>endymarker<span class=\"_ _a\"></span> mill ha<span class=\"_ _0\"></span>s been tr<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>sf<span class=\"_ _6\"></span>erred <span class=\"_ _0\"></span>during 2022 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the land, buildi<span class=\"_ _0\"></span>ngs and infrastr<span class=\"_ _a\"></span>ucture aftercommissioning<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he exp<span class=\"_ _0\"></span>ansion from<span class=\"_ _a\"></span> 20 <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span> per hour to 60 ton<span class=\"_ _0\"></span> <span class=\"ls155 ws188\">FFB </span>per hour. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>202<span class=\"ls7 ws7\">1 </span>Offic<span class=\"_ _0\"></span>e Land, Insta<span class=\"_ _0\"></span>llations<span class=\"_ _0\"></span> equipm<span class=\"_ _0\"></span>ent, In Land In KU<span class=\"_ _0\"></span>SD<span class=\"ls7\"> </span>buildin<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>nd and Vehic<span class=\"_ _0\"></span>les<span class=\"ls7 ws7\"> </span>Lea<span class=\"_ _0\"></span>sing<span class=\"ls7 ws7\"> </span>Tot<span class=\"_ _0\"></span>alfurnit<span class=\"_ _0\"></span>ure pro<span class=\"_ _6\"></span>gress<span class=\"ls7 ws7\"> </span>rights<span class=\"_ _0\"></span> <span class=\"ls7 ws7\"> </span>in<span class=\"_ _6\"></span>frastructu<span class=\"_ _a\"></span>re<span class=\"ls7 ws7\"> </span>machi<span class=\"_ _6\"></span>nery<span class=\"ls7 ws7\"> </span>and othe<span class=\"_ _0\"></span>rs<span class=\"ls7\"> </span>Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">188 549</span>  <span class=\"ws165\">190 336</span>  <span class=\"ws166\">72 629</span>  <span class=\"ws166\">34 138</span>  <span class=\"ws165\">3 304</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">125 533</span>  630 983Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope - <span class=\"ws165\">7 491</span> - <span class=\"ws165\">6 134</span> - <span class=\"ws165\">1 322</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">834</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">1 131</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">197</span></span> - 17 109Acqui<span class=\"_ _a\"></span>sitions<span class=\"ls7 ws7\"> </span> <span class=\"ws166\">13 846</span>  <span class=\"ws165\">4 833</span>  <span class=\"ws165\">3 987</span>  <span class=\"ws165\">1 544</span>   <span class=\"ls14d ws161\">247</span><span class=\"ws7\"> </span> <span class=\"ws166\">10 448</span>  <span class=\"ws165\">6 351</span>  41 256Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">859</span></span> - <span class=\"ws165\">1 199</span> - <span class=\"ws165\">3 017</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">90</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">4 142</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">259</span></span> - 9 <span class=\"_ _6\"></span>566Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">7 722</span>   <span class=\"ls14d ws161\">237</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">505<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">186</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">8 729</span>  0 -  80Other<span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">12</span></span>   <span class=\"ls14d ws161\">12</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">922</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">231</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">160</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">78</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">144</span></span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">17</span></span> - 1 550Gross car<span class=\"_ _a\"></span>ry<span class=\"_ _6\"></span>ing amount at December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">200 834</span>  <span class=\"ws165\">187 855</span>  <span class=\"ws166\">72 622</span>  <span class=\"ws166\">34 867</span>  <span class=\"ws165\">3 551</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">131 411</span>  643 933Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 098</span> - <span class=\"ws165\">114 635</span> - <span class=\"ws166\">56 458</span> - <span class=\"ws166\">20 431</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">547</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">3 002</span> - 276 172Change in co<span class=\"_ _6\"></span>nsolidation<span class=\"_ _6\"></span> scope 5 988<span class=\"ws7\"> </span> <span class=\"ws165\">5 39</span>2  <span class=\"ws165\">1 193</span>   <span class=\"ls14d ws161\">541</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">181<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> 13 295Depreciati<span class=\"_ _a\"></span>on<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">7 <span class=\"_ _a\"></span>980<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>- <span class=\"ws166\">10 63</span>7 - <span class=\"ws165\">5 473</span> - <span class=\"ws165\">2 454</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">416</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>-<span class=\"ws166\">  <span class=\"ls14d ws161\">29</span></span> - 26 <span class=\"_ _6\"></span>988Sales<span class=\"_ _a\"></span> and disposals<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">725</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 142</span>  <span class=\"ws165\">2 770</span>   <span class=\"ls14d ws161\">84</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span> 4 721Transfers<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">1<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  1Other<span class=\"ls7 ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0Translatio<span class=\"_ _6\"></span>n differences<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>  <span class=\"ls14d ws161\">713</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">196</span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">112<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">68</span><span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  <span class=\"ls14d ws161\">16</span><span class=\"ws7\"> </span> 1 105Accumulat<span class=\"_ _6\"></span>ed deprecia<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>on an<span class=\"_ _a\"></span>d impair<span class=\"_ _6\"></span>ment losses a<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span> December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span>- <span class=\"ws166\">81 651</span> - <span class=\"ws165\">118 542</span> - <span class=\"ws166\">57 856</span> - <span class=\"ws166\">22 192</span> -<span class=\"ws166\">  <span class=\"ls14d ws161\">963</span></span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>- <span class=\"ws165\">2 834</span> - 284 038Net carr<span class=\"_ _6\"></span>ying amount Januar<span class=\"_ _a\"></span>y 1<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">107 451</span>  <span class=\"ws166\">75 701</span>  <span class=\"ws166\">16 171</span>  <span class=\"ws166\">13 707</span>  <span class=\"ws165\">2 757</span>  <span class=\"ws166\">16 492</span>  <span class=\"ws165\">122 531</span>  354 810Net carr<span class=\"_ _6\"></span>ying amount December<span class=\"_ _6\"></span> 31<span class=\"ls7 ws7\"> </span> <span class=\"ws165\">119 183</span>  <span class=\"ws166\">69 313</span>  <span class=\"ws166\">14 766</span>  <span class=\"ws166\">12 675</span>  <span class=\"ws165\">2 588</span>  <span class=\"ws166\">12 794</span>  <span class=\"ws165\">128 577</span>  359 896Below<span class=\"_ _0\"></span> is a table with the proprietary rights on w<span class=\"_ _0\"></span>hich the plantations of the<span class=\"_ _0\"></span> SIPEF group are es<span class=\"_ _0\"></span>tablished:Hectares<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Ty<span class=\"_ _6\"></span>pe<span class=\"ls7 ws7\"> </span>Maturi<span class=\"_ _a\"></span>ty<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Cro<span class=\"_ _0\"></span>p<span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>6 042<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>2 437<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>3 200<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Kerasaan <span class=\"_ _0\"></span><span class=\"ws7\">I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia </span>2 380<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>1 189<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Rubber and oi<span class=\"_ _0\"></span>l palm<span class=\"ws7\"> </span>PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>5 140<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Rubber and Tea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>1 199<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2046<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 256<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2044<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 423<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2045<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">315</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2031<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>1 410<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 903<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>7 437<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2044<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws165\">Agro Muko<span class=\"ws7\"> </span></span>2 185<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>1 515<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muko<span class=\"ws7\"> </span>2 100<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2022*<span class=\"ls7 ws7\"> </span>Rubber PT Agro Muko<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">232</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2056<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>4 397<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2048<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 071<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2048<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">679</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2049<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">462</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2049<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisea<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">155</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2019<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>13 705<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2028<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws166\">Mukomuko Agro Sejahtera<span class=\"ws7\"> </span></span>1 705<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2053<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era (STGE)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">385</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2024<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era (BKDE)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 513<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2057<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">972</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2023<span class=\"ls7 ws7\"> </span>Rubber and oi<span class=\"_ _0\"></span>l <span class=\"ws7\">palm </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">128</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2075<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>2 967<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2076<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">34</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2077<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> 7 Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2079<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>6 460<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2082<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span>2 900<span class=\"ws7\"> </span>Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2101<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">170</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2102<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">694</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2106<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> 1 Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2110<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">18</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2113<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Hargy Oil Pal<span class=\"_ _0\"></span>ms Limited <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">246</span> Concessi<span class=\"_ _0\"></span>on<span class=\"_ _6\"></span> 2117<span class=\"ls7 ws7\"> </span>Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Plantations J. Egli<span class=\"_ _0\"></span>n SA<span class=\"ws7\"> </span>1 021<span class=\"ws7\"> </span>Freehold n/a<span class=\"ls7 ws7\"> </span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plantations J. <span class=\"ws165\">Egl<span class=\"_ _0\"></span>in SA<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">743</span> Provision<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l concessi<span class=\"_ _0\"></span>on<span class=\"ws7\"> </span>n/a<span class=\"ls7 ws7\"> </span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws166\">86 622</span> PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>1 814<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>5 712<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>7 568<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT <span class=\"ls7 ws166\">Agro Kati Lama<span class=\"ws7\"> </span></span>3 091<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>4 811<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>7 498<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>1 303<span class=\"ws7\"> </span>In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Agro Muara Rupit<span class=\"ws7\"> </span>4 201<span class=\"ws7\"> </span>In <span class=\"ls7 ws7\">negotiation </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">385</span> In negotiation<span class=\"ws7\"> </span>- Oil p<span class=\"_ _6\"></span>alm<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws166\">36 383</span> * All<span class=\"_ _6\"></span> docume<span class=\"_ _6\"></span>ntati<span class=\"_ _6\"></span>on for t<span class=\"_ _a\"></span>he re<span class=\"_ _6\"></span>newal o<span class=\"_ _6\"></span>f the l<span class=\"_ _6\"></span>and rig<span class=\"_ _6\"></span>hts whi<span class=\"_ _a\"></span>ch mat<span class=\"_ _6\"></span>ured i<span class=\"_ _6\"></span>n 202<span class=\"_ _0\"></span><span class=\"ls7 ws7\">2 <span class=\"_ _0\"></span></span>h<span class=\"_ _a\"></span>as<span class=\"_ _6\"></span> been deli<span class=\"_ _6\"></span>vere<span class=\"_ _a\"></span>d in ti<span class=\"_ _6\"></span>me to t<span class=\"_ _a\"></span>he rel<span class=\"_ _6\"></span>evan<span class=\"_ _6\"></span>t author<span class=\"_ _6\"></span>ities.<span class=\"_ _a\"></span> T<span class=\"_ _6\"></span>he auth<span class=\"_ _6\"></span>oriti<span class=\"_ _6\"></span>es are in t<span class=\"_ _6\"></span>heproc<span class=\"_ _a\"></span>ess <span class=\"_ _6\"></span>of revi<span class=\"_ _6\"></span>ewin<span class=\"_ _6\"></span>g and <span class=\"_ _a\"></span>appr<span class=\"_ _6\"></span>ovin<span class=\"_ _6\"></span>g. Ther<span class=\"_ _6\"></span>e is n<span class=\"_ _a\"></span>o in<span class=\"_ _6\"></span>dicati<span class=\"_ _a\"></span>on t<span class=\"_ _6\"></span>hat<span class=\"_ _a\"></span> th<span class=\"_ _a\"></span>ese la<span class=\"_ _6\"></span>nd r<span class=\"_ _6\"></span>ights w<span class=\"_ _6\"></span>ill<span class=\"_ _6\"></span> not be r<span class=\"_ _a\"></span>enew<span class=\"_ _6\"></span>ed. In addition, our subsidiary H<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>gy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span> has a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> of 7 241<span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ws165\">hectares of </span>surveyed area <span class=\"ws165\">(of which 4 02<span class=\"_ _0\"></span>9</span> hect<span class=\"_ _6\"></span>ares plan<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span>) <span class=\"ls14d ws161\">on </span></span>subleased l<span class=\"_ _0\"></span>and, with renewal dates between 2036<span class=\"_ _0\"></span> and 2046.27.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">Leas<span class=\"_ _0\"></span>ing</span> The Group leases office space<span class=\"_ _0\"></span>, land rights and vehicles un<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span> a nu<span class=\"_ _0\"></span>mber of lease agreements with a<span class=\"_ _0\"></span> lease term of one year o<span class=\"_ _0\"></span>r mo<span class=\"_ _0\"></span>re.The rent of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fice bui<span class=\"_ _0\"></span>ldings concerns the<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>onthly<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ental paym<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span>s for <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fices in <span class=\"_ _0\"></span>Indonesia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>and Sing<span class=\"_ _0\"></span>apore. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e rent o<span class=\"_ _0\"></span>f theoffices and ancill<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y parking space in Belg<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> <span class=\"ws15f\">has not been included in the leases due to the short</span>-term exempt<span class=\"_ _a\"></span>ion. For <span class=\"_ _0\"></span>the land rightsthe subject of the lea<span class=\"_ _0\"></span>se concerns t<span class=\"_ _a\"></span>he usu<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ruct of certain l<span class=\"_ _0\"></span>and wherefore a fixed annual rental amount i<span class=\"_ _0\"></span>s paid. The remaining l<span class=\"_ _0\"></span>andrights in PNG have a duration of 99 years for<span class=\"_ _a\"></span> whi<span class=\"_ _0\"></span>ch no r<span class=\"_ _a\"></span>ental amount<span class=\"_ _a\"></span> is pai<span class=\"_ _0\"></span>d.<span class=\"_ _a\"></span> These assets will be depreciated over a period <span class=\"_ _0\"></span>of 25years in<span class=\"ws7\"> </span>line<span class=\"_ _0\"></span> with the lifespan of an oil pal<span class=\"_ _0\"></span>m.<span class=\"_ _6\"></span> The<span class=\"_ _0\"></span> vehicles concern the l<span class=\"_ _0\"></span>imited number of<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> leases w<span class=\"_ _0\"></span>ithin the <span class=\"ws7\">G<span class=\"_ _0\"></span>roup. </span>The future operating lea<span class=\"_ _0\"></span>se comm<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ments under <span class=\"_ _0\"></span>these non<span class=\"ws7\">-<span class=\"ws165\">cancell<span class=\"_ _0\"></span>able leases are due as follow<span class=\"_ _0\"></span>s:</span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Current lease <span class=\"ls151 ws172\">liabil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span></span> <span class=\"ls14d ws161\">590</span>  <span class=\"ls14d ws161\">484</span> Non-<span class=\"ws166\">current lease li<span class=\"_ _0\"></span>abilities</span> 2 320<span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>Total lease liability as at<span class=\"_ _0\"></span> 31 December<span class=\"ws7\"> </span>2 910<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>The movement during <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the lease li<span class=\"_ _0\"></span>ability can be summ<span class=\"_ _a\"></span>ari<span class=\"_ _0\"></span>sed as follows:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Lease commitments disclosed as at<span class=\"_ _0\"></span> 1 January<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>2 828<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  <span class=\"ls14d ws161\">822</span>  <span class=\"ls14d ws161\">246</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l costs/(income)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">219</span>  <span class=\"ls14d ws161\">220</span> Lease repayments<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">804</span> - <span class=\"ls14d ws161\">604</span> Exchange result<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">17</span>  1 Lease liability recognised as at 31 D<span class=\"_ _0\"></span>ecember<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 910<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>com<span class=\"_ _a\"></span>mitments ar<span class=\"_ _a\"></span>e incl<span class=\"_ _0\"></span>uded in the increase in long t<span class=\"_ _a\"></span>erm (KUSD 755) and short term (KUSD<span class=\"_ _0\"></span> 67) f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial borrowings in t<span class=\"_ _0\"></span>hecash flow. The l<span class=\"_ _0\"></span>ease repayment<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>ncluded in the decrease in <span class=\"_ _4\"></span>long term (KUSD <span class=\"_ _0\"></span>-<span class=\"_ _a\"></span> <span class=\"_ _4\"></span>642) <span class=\"_ _4\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>short ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> <span class=\"ls152 ws179\">(KUSD <span class=\"_ _4\"></span></span>-162) <span class=\"_ _4\"></span>financi<span class=\"_ _0\"></span>alborrowings  <span class=\"ws166\">in the cash <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span><span class=\"ws7\">.<span class=\"_ _a\"></span> </span></span>The right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets can be<span class=\"_ _0\"></span> classified as foll<span class=\"_ _0\"></span>ows:<span class=\"ws7\"> </span>Movem<span class=\"_ _6\"></span>ent (i<span class=\"_ _6\"></span>n KUSD)<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _6\"></span> right<span class=\"ls7 ws7\">-<span class=\"ls160 ws1b2\">of</span>-<span class=\"ws166\">use assets as at 1<span class=\"_ _0\"></span> January</span> </span>2 <span class=\"ls14d ws161\">587</span> 2 757<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion<span class=\"_ _a\"></span> 822<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">246</span> Depreciation -<span class=\"ls14d ws161\">624</span> - <span class=\"ls14d ws161\">417</span> Total<span class=\"_ _6\"></span> right<span class=\"ls7 ws7\">-<span class=\"ls160 ws1b2\">of</span>-<span class=\"_ _a\"></span><span class=\"ws166\">use assets as<span class=\"_ _0\"></span> at 31 December<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>2 785<span class=\"ws7\"> </span>2 587<span class=\"ws7\"> </span>Land ri<span class=\"_ _6\"></span>ghts<span class=\"ls7 ws7\"> </span>Off<span class=\"_ _0\"></span>ice ren<span class=\"_ _0\"></span>t<span class=\"ls7\"> </span>Car rent<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>Total right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets as<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> 31<span class=\"_ _0\"></span> December 2021<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">893</span> 1 281<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">413</span> 2 587<span class=\"ws7\"> </span>Total right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets as<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> 31<span class=\"_ _0\"></span> December 2022<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">833</span> 1 693<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">259</span> 2 785<span class=\"ws7\"> </span>The total depreciation of the right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets until 31 D<span class=\"_ _0\"></span>ecember <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>am<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>s to KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">624</span> <span class=\"_ _a\"></span>and the financial costs <span class=\"ls14f ws170\">to <span class=\"ls161 ws1b4\">KU<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>219.Of the depreciation, KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">60</span> was recor<span class=\"_ _a\"></span>ded in the c<span class=\"ws166\">ost of sales of<span class=\"_ _0\"></span> the palm segment of Papua New Guine<span class=\"_ _0\"></span>a and <span class=\"ls152 ws179\">KUSD</span></span> <span class=\"ls14d ws161\">564</span> K<span class=\"_ _6\"></span>USD inthe \"<span class=\"ws7\">g</span>eneral<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses\".<span class=\"_ _a\"></span> There are no ma<span class=\"_ _0\"></span>ter<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span> expenses related to short term and low val<span class=\"_ _0\"></span>ue leases. There are nomaterial extension options not incl<span class=\"_ _0\"></span>uded in the calculati<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-2": {
   "value": "11.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">RECEI<span class=\"_ _0\"></span>VABLES &gt;<span class=\"_ _0\"></span> 1 YEAR<span class=\"_ _0\"></span></span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables &gt; 1 year<span class=\"ws7\"> <span class=\"ffc5\">\u2013</span> <span class=\"ws197\">plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span></span></span> <span class=\"ws166\">28 287</span>  <span class=\"ws166\">25 666</span> The receivabl<span class=\"_ _0\"></span>es &gt; 1 consists <span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> of plasma receivab<span class=\"_ _0\"></span>les in Indonesia.<span class=\"ws7\"> </span>Plasma receivables represent a loan granted to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sm<span class=\"_ _a\"></span>allho<span class=\"_ _0\"></span>ldersfor <span class=\"_ _9\"> </span>the accu<span class=\"_ _0\"></span>mulated costs to develop pl<span class=\"_ _0\"></span>asma plantations which are current<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y being financed by the Group. When <span class=\"_ _0\"></span>the plasmaplantations start to <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ature,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plasma farmers<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e obli<span class=\"_ _0\"></span>ged t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> sell thei<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> harvests to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group and a po<span class=\"_ _0\"></span>rtion of the<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esulting proceedswill be use<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o repay <span class=\"_ _0\"></span>the loans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The plasma receivables<span class=\"_ _0\"></span> <span class=\"ls151 ws1c7\">will be </span>gradua<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>epaid from<span class=\"_ _a\"></span> the moment the pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a holder<span class=\"_ _0\"></span>s beco<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e a going concern plantation whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ebyproceeds of the FFB<span class=\"_ _0\"></span> sales will<span class=\"_ _0\"></span> be part<span class=\"_ _a\"></span>ly used to repay <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he loan. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>are div<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ded i<span class=\"_ _a\"></span>nto interest bearing and non-<span class=\"ws166\">interest bearing. The non</span>-<span class=\"ws166\">interest bearing plasma l<span class=\"_ _0\"></span>oans </span>are discountedupon recognition. The<span class=\"_ _0\"></span> out<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>andi<span class=\"_ _0\"></span>ng receivables <span class=\"_ _0\"></span>up unt<span class=\"_ _a\"></span>il 20<span class=\"_ _0\"></span>21 had not yet be<span class=\"_ _0\"></span>en discounted and this<span class=\"_ _0\"></span> has been incl<span class=\"_ _0\"></span>uded as a on<span class=\"_ _0\"></span>e-of<span class=\"_ _0\"></span>fcorrection in 2022. The total di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>ing cost <span class=\"_ _a\"></span>up to December 31, 2022<span class=\"ws7\"> </span>amounts to KUSD 1 883 with an effect<span class=\"_ _a\"></span> of KUSD<span class=\"_ _0\"></span> 157 <span class=\"ls14f ws170\">for</span> 2022and KUS<span class=\"_ _0\"></span>D 1 726 one<span class=\"ws7\">-<span class=\"ws166\">off cor<span class=\"_ _a\"></span>rection<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ating to all outstandi<span class=\"_ _0\"></span>ng loans prior to 2022.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The Group ha<span class=\"_ _0\"></span>s calculated the expected<span class=\"_ _0\"></span> credit loss i<span class=\"_ _0\"></span>n accordance <span class=\"_ _0\"></span>with IFRS 9 and<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">has</span> <span class=\"_ _0\"></span></span>done an i<span class=\"_ _0\"></span>mpairm<span class=\"_ _a\"></span>ent <span class=\"_ _0\"></span>test on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> outstandingplasma receivabl<span class=\"_ _0\"></span>es wh<span class=\"_ _a\"></span>ich show<span class=\"_ _0\"></span>ed no basis for<span class=\"ws7\"> </span>impairment based on the lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-</span>t<span class=\"_ _a\"></span>erm repaymen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The repayment of t<span class=\"_ _a\"></span>he plasma l<span class=\"_ _0\"></span>oans will be determined largely by the plasma fruit product<span class=\"_ _a\"></span>ion<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"_ _0\"></span></span>world palm oil prices<span class=\"_ _0\"></span><span class=\"ws7\"> </span>over the nextyears <span class=\"_ _6\"></span>and i<span class=\"_ _0\"></span>s also <span class=\"_ _6\"></span>dependant on the terms and conditions of t<span class=\"_ _a\"></span>he plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a scheme. <span class=\"_ _6\"></span>There<span class=\"_ _0\"></span>fore it is not possibl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o predict <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exact timingof repayment. The<span class=\"_ _0\"></span> Group currently has<span class=\"_ _0\"></span> a total sho<span class=\"_ _0\"></span>rt term plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a receivable <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _7\"> </span><span class=\"ls14d ws161\">587</span></span><span class=\"ws7\"> <span class=\"_\"> </span><span class=\"ffc5\">\u2013</span> <span class=\"_ _7\"> </span></span>i<span class=\"_ _0\"></span>ncluded in the cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent otherreceivables - <span class=\"ws165\">and a long term pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a receivable of KU<span class=\"_ _0\"></span>SD 28 287<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span>19.<span class=\"ff9a\"> <span class=\"_\"> </span></span>NET FINANCIAL ASSETS/(LIABILITIE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>) Net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) <span class=\"ls14e ws164\">(N<span class=\"_ _0\"></span>on</span><span class=\"ws7\">-</span>GAAP measure) can be <span class=\"ws7\">anal<span class=\"_ _0\"></span>ysed <span class=\"ws165\">as follow<span class=\"_ _0\"></span>s:<span class=\"_ _a\"></span><span class=\"ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Sho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m obligations <span class=\"ws7\">- </span>credit institution<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -12 477Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l <span class=\"ws166\">l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year (incl<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> derivatives)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>-<span class=\"ws166\">18 000</span> -36 000Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one <span class=\"_ _0\"></span>year<span class=\"ws7\"> </span>-<span class=\"ws166\">18 000</span> -18 000Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span>10 208<span class=\"ws7\"> </span> 38Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>19 939Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 910</span> -2 691Net <span class=\"ls7 ws166\">financial assets/(liabilities)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">122</span> -49 192Analysi<span class=\"_ _0\"></span>s of<span class=\"_ _a\"></span> net financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s/(li<span class=\"_ _0\"></span>abilities) <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>per curr<span class=\"_ _a\"></span>ency<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR<span class=\"ls7 ws7\"> </span>USD<span class=\"ls7 ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>TotalSho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -<span class=\"ws166\">18 000</span>  0 -23 323Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">20</span>8 10 000<span class=\"ws7\"> </span> 0 10 208Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">801</span> 32 623<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span> 34 148Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 -<span class=\"ws166\">18 000</span>  0 -18 000Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">244</span> -<span class=\"ws165\">2 666</span>  0 -2 910Total 2022<span class=\"ws7\"> </span>-<span class=\"ws165\">4 559</span> 3 957<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span>  122Total 2021<span class=\"ws7\"> </span>-<span class=\"ws166\">12 088</span> -<span class=\"ws166\">37 664</span>  <span class=\"ls14d ws161\">559</span> -49 192The <span class=\"_ _0\"></span>shor<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">term<span class=\"_ _0\"></span></span> financi<span class=\"_ _0\"></span>al obligation<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>elate to the commercial pape<span class=\"_ _0\"></span>rs for a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws197\">5 323</span>. This <span class=\"_ _0\"></span>financial obligation<span class=\"_ _0\"></span> hasbeen completely hedg<span class=\"_ _0\"></span>ed at<span class=\"_ _a\"></span> an average <span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of 1 E<span class=\"_ _0\"></span>UR = 1.<span class=\"ls14d ws161\">0249</span><span class=\"ws7\"> <span class=\"ls151 ws172\">USD.<span class=\"_ _a\"></span> <span class=\"ls7 ws7\"> </span></span></span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits mainly incl<span class=\"_ _0\"></span>ude bank deposits w<span class=\"_ _0\"></span>ith or<span class=\"_ _a\"></span>igi<span class=\"_ _0\"></span>nal mat<span class=\"_ _a\"></span>urities of more than 3<span class=\"_ _0\"></span> mont<span class=\"_ _a\"></span>hs<span class=\"_ _0\"></span> but<span class=\"_ _a\"></span> less <span class=\"_ _0\"></span>than one year.<span class=\"_ _0\"></span> The financi<span class=\"_ _0\"></span>al liabilities wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h an origi<span class=\"_ _0\"></span>nal mat<span class=\"_ _a\"></span>urity of<span class=\"_ _0\"></span> mor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n one yea<span class=\"_ _0\"></span>r incl<span class=\"_ _0\"></span>ude <span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>5.5<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>million US<span class=\"_ _a\"></span>D loan of which <span class=\"ls14d ws161\">49<span class=\"ls14f ws170\">.5<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>millio<span class=\"_ _6\"></span>n USD hasalready <span class=\"ls14d ws161\">been</span> <span class=\"_ _6\"></span>repaid bet<span class=\"_ _a\"></span>ween 2019 - <span class=\"ls14d ws161\">202</span>2.<span class=\"_ _a\"></span> It concerns a long<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>term lo<span class=\"_ _0\"></span>an that was taken out with a banki<span class=\"_ _0\"></span>ng consortium <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith a first-classrating for cr<span class=\"_ _a\"></span>editworthiness. It concerns an unsecured l<span class=\"_ _0\"></span>oan with a term<span class=\"_ _a\"></span> of 5 years. The i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erest rate is composed as the USD<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>3Minterest rate<span class=\"ws7\"> <span class=\"_ _0\"></span></span>+ a ma<span class=\"_ _0\"></span>rgin of 1<span class=\"ws7\">.<span class=\"ls14d ws161\">20<span class=\"ls156 ws194\">% <span class=\"_ _0\"></span><span class=\"ls14f ws1b7\">to<span class=\"_ _0\"></span> 2.<span class=\"_ _0\"></span></span></span>50</span></span>%<span class=\"_ _a\"></span>, depend<span class=\"_ _0\"></span>ing on the debt/EBITDA ratio<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> The variabl<span class=\"_ _0\"></span>e interest rate<span class=\"ws7\"> <span class=\"_ _0\"></span></span>was hedg<span class=\"_ _0\"></span>ed at a <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xedinterest rate of 1.<span class=\"ls14d ws161\">3933</span>% <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hrough an<span class=\"_ _0\"></span> \"Interest Rate S<span class=\"_ _0\"></span>wap\".<span class=\"ws7\">  </span>It <span class=\"_ _0\"></span>should be noted tha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws1a9\">in 2020 <span class=\"ls152 ws179\">SIPEF <span class=\"_ _0\"></span></span></span>has m<span class=\"_ _a\"></span>ade use of the possibi<span class=\"_ _0\"></span>lity of post<span class=\"_ _a\"></span>poning cap<span class=\"_ _0\"></span>ital repayment<span class=\"_ _a\"></span>s to cope with the impact ofcovid-19. As a result<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>aym<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>t the end o<span class=\"_ _0\"></span>f June 2020 (KU<span class=\"_ _0\"></span>SD<span class=\"_ _a\"></span> 4 500)<span class=\"_ _0\"></span> have <span class=\"_ _6\"></span>been postponed un<span class=\"_ _0\"></span>til June 2024, and <span class=\"_ _0\"></span>the repaymentat the end of Septe<span class=\"_ _0\"></span>mber<span class=\"_ _a\"></span> 2020 <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ws165\">4 50<span class=\"_ _0\"></span>0)<span class=\"_ _6\"></span> <span class=\"ws166\">ha<span class=\"_ _0\"></span>s been<span class=\"ws7\"> </span>post<span class=\"_ _a\"></span>poned u<span class=\"_ _0\"></span>ntil September 2024.<span class=\"ws7\"> </span></span></span></span>There is one<span class=\"_ _0\"></span> financial requirement<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ap<span class=\"_ _0\"></span>plicable <span class=\"ls14f ws170\">to the<span class=\"_ _0\"></span></span> <span class=\"ws165\">loan cove<span class=\"_ _0\"></span>nant <span class=\"ws166\">w<span class=\"_ _0\"></span>hich states that the<span class=\"_ _0\"></span> net financi<span class=\"_ _0\"></span>al debt</span></span> <span class=\"ws166\">may not<span class=\"_ _0\"></span> </span>exceed 2.5<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ti<span class=\"_ _0\"></span>mesthe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>R<span class=\"ls152 ws179\">EBITDA</span> <span class=\"_ _6\"></span>of the year<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> This financial<span class=\"_ _0\"></span> covenant is test<span class=\"_ _a\"></span>ed eve<span class=\"_ _0\"></span>ry half<span class=\"ws7\">-yea<span class=\"ls14e ws164\">r.</span> </span>The EBITDA of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup consists o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ating results+ profit/loss from equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y compani<span class=\"_ _0\"></span>es + depreciation and addi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ional<span class=\"_ _0\"></span> i<span class=\"_ _6\"></span>mpai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ment<span class=\"_ _0\"></span><span class=\"ws7\">s</span>/increases on assets. The RE<span class=\"_ _0\"></span>BITDA consists of thesame calculation<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> bu<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>uding t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> one<span class=\"ws7\">-<span class=\"ls14f ws1a6\">off, no<span class=\"_ _0\"></span>n</span>-</span>recurring effects. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p does not br<span class=\"_ _a\"></span>each borrowing<span class=\"_ _0\"></span> limits or covenants (whereappli<span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>le) on i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s bo<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rowing <span class=\"_ _0\"></span>facilities per D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>ber 31<span class=\"_ _0\"></span>, <span class=\"ls14d ws161\">202</span>2<span class=\"ls155 ws1d0\">.<span class=\"_ _0\"></span> Th</span>e <span class=\"_ _6\"></span>fi<span class=\"_ _0\"></span>nancia<span class=\"ls159 ws166\">l </span>covenant rat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ill remain at<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>2.50<span class=\"ls7 ws7\"> </span>at <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span> June 202<span class=\"_ _0\"></span>3 <span class=\"_ _6\"></span>and<span class=\"_ _0\"></span> 31December 202<span class=\"ws7\">3<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span><span class=\"ls14f ws1d1\">D<span class=\"_ _0\"></span>ue to<span class=\"_ _0\"></span> <span class=\"ws170\">th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span></span></span></span></span>significant<span class=\"_ _0\"></span> volatility of the<span class=\"_ _0\"></span> palm oil p<span class=\"_ _0\"></span>rices an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>mpact <span class=\"ls14d ws161\">on <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the<span class=\"_ _0\"></span></span></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>result an<span class=\"_ _0\"></span>d EBITDA <span class=\"_ _0\"></span><span class=\"ws15e\">of the Group<span class=\"ls15b ws1a8\">, <span class=\"_ _0\"></span></span></span>thiscovenant is<span class=\"ws7\"> </span>continuousl<span class=\"_ _0\"></span>y m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>itor<span class=\"ls14d ws161\">ed</span><span class=\"ws7\">.<span class=\"_ _6\"></span> <span class=\"ls15b ws1a8\">It</span> <span class=\"ws166\">is not expected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t this cove<span class=\"_ _0\"></span>nant will be breached <span class=\"_ _0\"></span>in <span class=\"ls14d ws161\">202</span><span class=\"ws7\">3.  </span></span></span>Covenan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ratio<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Operating result <span class=\"ws7\"> </span>178 312<span class=\"ws7\"> </span>139 416<span class=\"ws7\"> </span>Exceptional<span class=\"_ _0\"></span> item<span class=\"_ _a\"></span>s <span class=\"ws7\"> </span> 0 -<span class=\"ws166\">11 640</span> Recurri<span class=\"_ _6\"></span>ng operati<span class=\"_ _a\"></span>ng resul<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>178 312<span class=\"ws7\"> </span>127 776<span class=\"ws7\"> </span>Depreciation<span class=\"_ _0\"></span> and r<span class=\"_ _a\"></span>esult on sale <span class=\"_ _0\"></span>FA <span class=\"ws7\"> </span>48 101<span class=\"ws7\"> </span>49 856<span class=\"ws7\"> </span>REBIT<span class=\"_ _a\"></span>DA<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>226 413<span class=\"ws7\"> </span>177 632<span class=\"ws7\"> </span>(-<span class=\"ls14e ws164\">) </span><span class=\"ws165\">minorities recurring</span> -<span class=\"ws165\">4 298</span> -<span class=\"ws165\">5 086</span> REBITDA gr<span class=\"_ _a\"></span>oup share<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>222 115<span class=\"ws7\"> </span>172 546<span class=\"ws7\"> </span>Net Senior Leverage<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0.00 0.29 Reconciliati<span class=\"_ _0\"></span>on <span class=\"ws166\">of<span class=\"_ _6\"></span> the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets/(<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iabilities) and cash flow:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Net fi<span class=\"_ _6\"></span>nancial posit<span class=\"_ _6\"></span>ion at the beginni<span class=\"_ _6\"></span>ng of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws188\">period<span class=\"ls7 ws7\"> </span></span>-<span class=\"ws166\">49 192</span> -<span class=\"ws165\">151 165</span> Decrease in l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-<span class=\"ws166\">t<span class=\"_ _a\"></span>erm borrowings<span class=\"ws7\"> </span></span></span>18 642<span class=\"ws7\"> </span>18 078<span class=\"ws7\"> </span>Increase in long<span class=\"ws7\">-<span class=\"ws166\">term borrowing<span class=\"_ _0\"></span>s</span> </span>- <span class=\"ls14d ws161\">755</span>  0 Decrease in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>7 154<span class=\"ws7\"> </span>73 710<span class=\"ws7\"> </span>Increase in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>- <span class=\"ls14d ws161\">106</span>  0 Net movement in cash <span class=\"_ _0\"></span>and cash equivalen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>24 379<span class=\"ws7\"> </span>10 186<span class=\"ws7\"> </span>Net financial assets/(liabilities) at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he end o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the p<span class=\"_ _0\"></span>eri<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>d<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">122</span> -<span class=\"ws166\">49 192</span> Reconciliati<span class=\"_ _0\"></span>on of<span class=\"_ _a\"></span> the tot<span class=\"_ _a\"></span>al <span class=\"_ _0\"></span>financial l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _6\"></span>al liabi<span class=\"_ _a\"></span>liti<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> at<span class=\"_ _a\"></span> the beginni<span class=\"_ _a\"></span>ng of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>69 168<span class=\"ws7\"> </span>160 956<span class=\"ws7\"> </span>Decrease in l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-<span class=\"ws166\">t<span class=\"_ _a\"></span>erm financial obl<span class=\"_ _0\"></span>igations<span class=\"ws7\"> </span></span></span>-<span class=\"ws166\">18 642</span> -<span class=\"ws166\">18 078</span> Increase in long<span class=\"ws7\">-<span class=\"ws166\">term financi<span class=\"_ _0\"></span>al obligations</span> </span> <span class=\"ls14d ws161\">755</span>  0 Decrease in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">7 154</span> -<span class=\"ws166\">73 710</span> Increase in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span> <span class=\"ls14d ws161\">106</span>  0 Financial <span class=\"ws166\">liabilit<span class=\"_ _a\"></span>ies at <span class=\"_ _0\"></span>the end of the p<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>iod<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>44 233<span class=\"ws7\"> </span>69 168<span class=\"ws7\"> </span>26.<span class=\"ff9a\"> <span class=\"_\"> </span></span>FINANCIAL INSTRUMENTS Exposure to fluctuations in the market price of cor<span class=\"_ _a\"></span>e products, currenci<span class=\"_ _0\"></span>es, inter<span class=\"_ _a\"></span>est rates and credit r<span class=\"_ _a\"></span>isk arises i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he norma<span class=\"_ _0\"></span>l course othe<span class=\"_ _0\"></span> Gr<span class=\"_ _a\"></span>oup\u2019s busi<span class=\"_ _0\"></span>ness. Financial de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivative instruments are used to a l<span class=\"_ _0\"></span>imited extend t<span class=\"_ _a\"></span>o reduce <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exposure t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uati<span class=\"_ _0\"></span>ons in foreignexchange rates and interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ra<span class=\"_ _0\"></span>tes. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fluctua<span class=\"_ _0\"></span>tions in th<span class=\"_ _0\"></span>e market pric<span class=\"_ _0\"></span>e of core <span class=\"_ _0\"></span>products<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Struc<span class=\"_ _0\"></span>tural risk<span class=\"_ _0\"></span><span class=\"ff9c ls7 ws7\"> </span>SIPEF group i<span class=\"_ _0\"></span>s exp<span class=\"_ _6\"></span>osed to structural price risks of their core products. The risk is primarily related to palm oil and palm k<span class=\"_ _0\"></span>ernel oil a<span class=\"_ _a\"></span>ndto a l<span class=\"_ _0\"></span>esser<span class=\"_ _a\"></span> extent <span class=\"_ _0\"></span>to rubber. A chang<span class=\"_ _0\"></span>e of the pal<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> oi<span class=\"_ _0\"></span>l price o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> U<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span> 10 CIF per ton ha<span class=\"_ _0\"></span>s an impact<span class=\"_ _0\"></span> of about KUSD <span class=\"_ _4\"></span>2 683 <span class=\"_ _8\"> </span>(withouconsidering<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the impact of the cur<span class=\"_ _0\"></span>rent export tax and<span class=\"_ _0\"></span> export levies i<span class=\"_ _0\"></span>n I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a)<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esult<span class=\"_ _0\"></span> af<span class=\"_ _a\"></span>ter tax. Thi<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>isk is assu<span class=\"_ _0\"></span>med to be <span class=\"_ _0\"></span>abusiness risk. <span class=\"ws7\"> </span>Transactional risk<span class=\"ff9c ws7\"> </span>The <span class=\"ls14f ws170\">Group</span> faces <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransactional<span class=\"_ _0\"></span> price risks on<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>s sol<span class=\"_ _0\"></span>d. The transaction<span class=\"_ _0\"></span>al risk is the risk tha<span class=\"_ _0\"></span>t the price<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oducts purchased<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>mthird parties fluctuates<span class=\"_ _0\"></span> bet<span class=\"_ _a\"></span>ween the<span class=\"_ _0\"></span> time the p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice is fixed<span class=\"_ _0\"></span> with a cust<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>er and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransaction<span class=\"_ _0\"></span> is settled. This <span class=\"_ _0\"></span>risk is assumedto be a business risk.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Curr<span class=\"_ _0\"></span>ency risk<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Most of the subsidiari<span class=\"_ _0\"></span>es ar<span class=\"_ _a\"></span>e using the US dollar as functional curr<span class=\"_ _a\"></span>ency. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span>\u2019s currency risk can be spli<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o three distinctcategories: structural, transactional and <span class=\"_ _0\"></span>translational: <span class=\"ws7\"> </span>Struc<span class=\"_ _0\"></span>tural risk<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Most <span class=\"_ _0\"></span>of the <span class=\"_ _6\"></span>Group\u2019s <span class=\"_ _4\"></span>revenues are denominated in US<span class=\"_ _0\"></span>D, wh<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>le <span class=\"ls158 ws199\">al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he operations are l<span class=\"_ _0\"></span>ocat<span class=\"_ _a\"></span>ed outside the USD<span class=\"_ _0\"></span> zo<span class=\"_ _6\"></span>ne (particularl<span class=\"_ _0\"></span>y inIndonesia, Papua N<span class=\"_ _0\"></span>ew Guin<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> Ivory Coast and Europe). Any cha<span class=\"_ _0\"></span>nge in the USD<span class=\"_ _0\"></span> aga<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> the local currency will<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>herefore have aconsiderabl<span class=\"_ _0\"></span>e impact<span class=\"_ _a\"></span> on the operating result of <span class=\"_ _0\"></span>the company. Most of<span class=\"_ _0\"></span> these risks are conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed to be a <span class=\"_ _0\"></span>business risk. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Transactional risk<span class=\"ff9c ws7\"> </span>The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group</span> <span class=\"_ _0\"></span>is also subject to transactional risks in <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>ect<span class=\"_ _6\"></span> of curren<span class=\"_ _0\"></span>cies, i.e.<span class=\"_ _a\"></span> the risk of currency exchange rates fluctuating<span class=\"_ _0\"></span> bet<span class=\"_ _a\"></span>weenthe time the price is fixed w<span class=\"_ _0\"></span>ith a custom<span class=\"_ _a\"></span>er, suppl<span class=\"_ _0\"></span>ier or<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> inst<span class=\"_ _6\"></span>itution and <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he time the <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction is set<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>led. This <span class=\"_ _4\"></span>ris<span class=\"_ _0\"></span>k, wi<span class=\"_ _0\"></span>th theexception of naturally covered posi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, is not covered since mos<span class=\"_ _0\"></span>t recei<span class=\"_ _0\"></span>vables and payables have a short settlement ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The pension<span class=\"_ _0\"></span> liabil<span class=\"_ _a\"></span>ities in Indonesi<span class=\"_ _0\"></span>a are import<span class=\"_ _6\"></span>ant<span class=\"_ _0\"></span> long<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>term liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _a\"></span>hat are full<span class=\"_ _0\"></span>y payable in IDR. A<span class=\"_ _0\"></span> devaluation or <span class=\"_ _0\"></span>revaluation of 10%of the IDR versus <span class=\"_ _0\"></span>the USD has the follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span> the income s<span class=\"_ _0\"></span>tatement<span class=\"_ _a\"></span>:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>IDR De<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Book value<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>IDR Re<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>liabilities in Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>18 363<span class=\"ws7\"> </span>20 199<span class=\"ws7\"> </span>22 443<span class=\"ws7\"> </span>Gross impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 836<span class=\"ws7\"> </span>-<span class=\"ws165\">2 244</span> The pensi<span class=\"_ _0\"></span>on liability in Indonesia consists of K<span class=\"_ _0\"></span>USD <span class=\"_ _0\"></span>19 801 from<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ly consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> subsidiaries and of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">398</span><span class=\"ws7\"> <span class=\"_ _9\"> </span></span>from equityconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed companies (PT T<span class=\"_ _0\"></span>imbang Deli).<span class=\"ws7\"> </span>The <span class=\"_ _9\"> </span>l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> <span class=\"_ _7\"> </span>receivables on the Indonesi<span class=\"_ _0\"></span>an plasma holders are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>portant long term asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> that are full<span class=\"_ _0\"></span>y payable in IDR. Adevaluation or reval<span class=\"_ _0\"></span>uat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of 10%<span class=\"ws7\"> </span>of the IDR versus <span class=\"_ _0\"></span>the USD has th<span class=\"_ _0\"></span>e f<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>owing effect on t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>IDR De<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Book value<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>IDR <span class=\"_ _6\"></span><span class=\"ls7 ws166\">R<span class=\"_ _0\"></span>ev 10%<span class=\"ws7\"> </span></span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _a\"></span><span class=\"ws7\"> </span>25 715<span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>31 430<span class=\"ws7\"> </span>Gross impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 572</span> 3 143<span class=\"ws7\"> </span>On February 14<span class=\"ls14f\">, 2<span class=\"_ _0\"></span>02</span>3 the board of<span class=\"_ _0\"></span> directors has proposed <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he pay<span class=\"_ _0\"></span>ment<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>of a divi<span class=\"_ _0\"></span>dend of<span class=\"_ _a\"></span> KEUR 31 738<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>(EUR 3.<span class=\"ls14d ws161\">00</span> <span class=\"_ _a\"></span>gross per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>yshare). In line w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> Group\u2019s liqu<span class=\"_ _0\"></span>id<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y an<span class=\"_ _0\"></span>d curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy poli<span class=\"_ _0\"></span>cy t<span class=\"_ _6\"></span>he exc<span class=\"_ _0\"></span>hange risk w<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> <span class=\"ws17c\">covered in </span>5<span class=\"_ _0\"></span> <span class=\"ws17c\">forward exchange con<span class=\"_ _0\"></span>tract</span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>esale of KUS<span class=\"_ _0\"></span>D 33 939<span class=\"ws7\"> <span class=\"ls152 ws1cc\">for<span class=\"_ _6\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"ls7 ws166\">31 600<span class=\"ws7\"> </span>(aver<span class=\"_ _a\"></span>age exchange ra<span class=\"_ _0\"></span>te of 1.<span class=\"ls14d ws161\">0740</span><span class=\"ws7\">) </span>before year<span class=\"ws7\">-end.<span class=\"_ _0\"></span>  </span></span></span></span>Sensitivity analy<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>is With regard to the cover of the divi<span class=\"_ _0\"></span>dend for<span class=\"_ _a\"></span> the end of the year a de<span class=\"_ _0\"></span>valuation or revaluation of 10% of the EUR versus the US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> h<span class=\"_ _0\"></span>asthe followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _a\"></span>fect on the pro<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d loss account: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR Dev 1<span class=\"_ _a\"></span>0%<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Closi<span class=\"_ _a\"></span>ng rat<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>EUR Rev 1<span class=\"_ _a\"></span>0%<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Divid<span class=\"_ _6\"></span>end<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>30 584<span class=\"ws7\"> </span>33 642<span class=\"ws7\"> </span>37 380<span class=\"ws7\"> </span>Gross Impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">3 058</span> 3 738<span class=\"ws7\"> </span>Translational risk<span class=\"ff9c ws7\"> </span>The SIPEF group i<span class=\"_ _0\"></span>s an international<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>pany and has op<span class=\"_ _0\"></span>erations which <span class=\"_ _0\"></span>do not<span class=\"_ _a\"></span> use<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> USD as their <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eporting currency.<span class=\"_ _0\"></span> When suc<span class=\"_ _0\"></span>hresults are consolidated i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>o the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span>\u2019s accounts the translated amount is expose<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>var<span class=\"_ _a\"></span>iations i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> value of such local resu<span class=\"_ _0\"></span>ltsare consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> into the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s accounts<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> translated amoun<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>exposed to variation<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span> value of such<span class=\"_ _0\"></span> local <span class=\"_ _0\"></span>currencies<span class=\"_ _0\"></span> againstthe USD. SIPEF group do<span class=\"_ _0\"></span>es not<span class=\"_ _a\"></span> hedge agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> such<span class=\"_ _0\"></span> risk (see accounting pol<span class=\"_ _0\"></span>icies)<span class=\"_ _a\"></span>.<span class=\"ws7\"> </span>As from 1st of January 2007 on<span class=\"_ _0\"></span>wards the functional<span class=\"_ _0\"></span> curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>most of ou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> activities is the same as<span class=\"_ _0\"></span> the presentation currency, thisrisk has been l<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>ly rest<span class=\"_ _a\"></span>ricted. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Interest r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e risk<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The <span class=\"ls14f ws170\">Group</span>\u2019<span class=\"_ _0\"></span>s exposure to cha<span class=\"_ _0\"></span>nges in interest <span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> relates to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ff9c ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span>\u2019s financial<span class=\"_ _0\"></span> debt obligations. At the<span class=\"_ _0\"></span> end of December<span class=\"_ _0\"></span> 2022, th<span class=\"_ _0\"></span>eGrou<span class=\"_ _0\"></span>p\u2019s net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) amounted to KUSD<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">122</span> <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>2021<span class=\"ls152 ws1d5\">: KUSD </span>-<span class=\"ws160\">49 192), of which KUSD <span class=\"_ _0\"></span>23 913</span> <span class=\"_ _0\"></span>shor<span class=\"_ _a\"></span>t term financialliab<span class=\"_ _6\"></span>iliti<span class=\"_ _a\"></span>es (<span class=\"_ _6\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"_ _0\"></span><span class=\"ls152 ws1cc\">:<span class=\"_ _6\"></span> KUSD <span class=\"_ _0\"></span><span class=\"ls7 ws166\">30 961) and KUSD <span class=\"_ _0\"></span>44 356<span class=\"ws7\"> <span class=\"ls14f ws170\">net </span>short-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> </span>cash and cash eq<span class=\"_ _0\"></span>uivalents (<span class=\"ls14d ws161\">202</span><span class=\"ws7\">1</span></span>: KUSD <span class=\"ls7 ws166\">19 977<span class=\"ls14f ws170\">). </span><span class=\"ws7\"> </span></span></span></span></span>The financi<span class=\"_ _0\"></span>al l<span class=\"_ _a\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es &gt; <span class=\"ws7\">1 year </span>(<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncl. derivatives) amount to KU<span class=\"_ _0\"></span>SD <span class=\"ws165\">20 320<span class=\"ws7\"> <span class=\"ls14e ws164\">(20</span>21<span class=\"ls152 ws1cc\">: KUSD </span></span></span>38 207<span class=\"ls14e ws164\">).<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> only the <span class=\"ls14e ws164\">S<span class=\"_ _0\"></span>hort</span><span class=\"ws7\">-</span>term<span class=\"_ _6\"></span> ob<span class=\"_ _0\"></span>ligations - <span class=\"_ _6\"></span>credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nstitut<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons <span class=\"_ _6\"></span>(KUSD 5 323, refer to note 19) are of<span class=\"_ _6\"></span> a cu<span class=\"_ _0\"></span>rrent <span class=\"_ _a\"></span>nature w<span class=\"_ _0\"></span>ith var<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ableinterest rates, we believe<span class=\"_ _0\"></span> a 0.<span class=\"_ _a\"></span>5% cha<span class=\"_ _0\"></span>nge in interest rate w<span class=\"_ _0\"></span>ill not have a material<span class=\"_ _0\"></span> impact.<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that the <span class=\"_ _0\"></span><span class=\"ws7\">long-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> </span>financial de<span class=\"_ _0\"></span>bt<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s primarily based<span class=\"_ _0\"></span> on a<span class=\"_ _0\"></span> variable interest ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e, <span class=\"_ _0\"></span>the risk exists<span class=\"_ _0\"></span> that with<span class=\"_ _0\"></span> an inc<span class=\"_ _0\"></span>rease of theinterest rate,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financing cost wi<span class=\"_ _0\"></span>ll increase. This i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest risk is<span class=\"_ _0\"></span> he<span class=\"_ _0\"></span>dged <span class=\"ws7\">usi<span class=\"_ _0\"></span>ng </span>an interest rate<span class=\"_ _0\"></span> swap (IRS). The<span class=\"_ _0\"></span> goal of this i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erestrate swap is to<span class=\"_ _0\"></span> decr<span class=\"_ _a\"></span>ease the<span class=\"_ _0\"></span> volatility (and with it the<span class=\"_ _0\"></span> interest rat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>isk) as much<span class=\"_ _0\"></span> as possible <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Avail<span class=\"_ _0\"></span><span class=\"ws165\">ab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e f<span class=\"_ _a\"></span>unds are invested in short ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> deposits.<span class=\"_ _0\"></span><span class=\"ws7\">  </span></span>Cr<span class=\"_ _0\"></span>edit ri<span class=\"_ _0\"></span>sk<span class=\"ls7 ws7\"> </span>Credit risk is the risk that one party will<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>l to discharge an obligatio<span class=\"_ _6\"></span>n an<span class=\"_ _0\"></span>d cause t<span class=\"_ _a\"></span>he other party to incur a loss. Thi<span class=\"_ _0\"></span>s credit risk can besplit into a comme<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>cial<span class=\"_ _0\"></span> and a f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al credit risk. With <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>egard <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the commercial credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>risk management has es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablished a creditpolicy an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he exposure to this credi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ri<span class=\"_ _0\"></span>sk is monitored on a <span class=\"_ _0\"></span><span class=\"ws7\">continuous basis.  </span>In pract<span class=\"_ _a\"></span>ice a<span class=\"_ _0\"></span> differ<span class=\"_ _a\"></span>ence is <span class=\"_ _0\"></span>made between:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables from the sale of pal<span class=\"_ _0\"></span>m oil/rubber/tea<span class=\"ws7\"> </span>42 891<span class=\"ws7\"> </span>30 609<span class=\"ws7\"> </span>Receivables from the sale of <span class=\"ws166\">banana<span class=\"_ _0\"></span>s and plants<span class=\"ws7\"> </span></span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>The credit risk for the first category is ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her limited as these sales <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e for the most part i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mediately pai<span class=\"_ _0\"></span>d against presen<span class=\"_ _0\"></span>tation odocuments. Moreover,<span class=\"_ _0\"></span> it concer<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> a relativel<span class=\"_ _0\"></span>y sm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>l number o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span><span class=\"ls14f ws170\">first<span class=\"_ _0\"></span></span>-class <span class=\"_ _6\"></span>buyers: per produc<span class=\"_ _0\"></span>t about 90%<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ws189\">revenue fr</span>om contractswith customers is realized w<span class=\"_ _0\"></span>ith a maximum of 10 clients. For pa<span class=\"_ _0\"></span>lm oil there is on<span class=\"_ _0\"></span>e clients who represent<span class=\"ws7\">s </span>over 30% o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total sales.F<span class=\"ws168\">or rubber there <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span></span> <span class=\"_ _0\"></span><span class=\"ls14f ws170\">tw<span class=\"_ _0\"></span>o</span> <span class=\"_ _4\"></span>cl<span class=\"_ _0\"></span>ients <span class=\"_ _0\"></span><span class=\"ws168\">w<span class=\"_ _0\"></span>hich represent over <span class=\"ls14d ws161\">30</span>% of total revenues<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span>Contrary t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> category<span class=\"_ _0\"></span> the credit risk for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hereceivables from the sal<span class=\"_ _0\"></span>es of<span class=\"_ _a\"></span> bananas and <span class=\"_ _0\"></span><span class=\"ws7\">horticulture </span>is higher<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>For both categories <span class=\"_ _0\"></span>there is a<span class=\"_ _0\"></span> weekly moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>oring<span class=\"_ _0\"></span> of the open<span class=\"_ _0\"></span> balances due an<span class=\"_ _0\"></span>d a p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oactive sys<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>em of<span class=\"_ _0\"></span> rem<span class=\"_ _a\"></span>inders.<span class=\"_ _4\"></span> <span class=\"_ _0\"></span><span class=\"ls14e ws164\">Impa<span class=\"_ _0\"></span>irments<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>areappli<span class=\"_ _0\"></span>ed as soon as tot<span class=\"_ _a\"></span>al or partial p<span class=\"_ _0\"></span>ayments ar<span class=\"_ _a\"></span>e seen<span class=\"_ _0\"></span> as unlikely. The el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s that are taken into account<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> these appraisals arethe lengths of the delay <span class=\"_ _0\"></span>in payment and the<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>editworthiness of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The receivabl<span class=\"_ _0\"></span>es f<span class=\"_ _a\"></span>rom the sales of banana<span class=\"_ _0\"></span>s and <span class=\"ws7\">horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure <span class=\"ws166\">have <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> due <span class=\"ws165\">date schedule: </span></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Not yet due<span class=\"_ _0\"></span><span class=\"ws7\"> </span>852<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">941</span> Due &lt; 30 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>823<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">523</span> Due between 30<span class=\"_ _0\"></span> and 60 days<span class=\"ws7\"> </span>49<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">180</span> Due between 60<span class=\"_ _0\"></span> and 90 days<span class=\"ws7\"> </span>0  0 Due &gt; 90 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>28<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">29</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>During <span class=\"ls14d ws161\">202</span>2 <span class=\"ls14d ws161\">and 202</span>1<span class=\"ls14f\">, no</span> <span class=\"ls14e ws164\">mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l</span> <span class=\"ls14e ws164\">impa<span class=\"_ _0\"></span>irment</span> <span class=\"ws165\">on receivabl<span class=\"_ _0\"></span>es was recorded</span> <span class=\"ws165\">in the income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\">. </span></span>The Group applied<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS 9 simplified approach to measuring expected cr<span class=\"_ _a\"></span>edit losses w<span class=\"_ _0\"></span>hich uses a lifetime expected loss allo<span class=\"_ _0\"></span>wancefor all trade receivables based<span class=\"_ _0\"></span> on historical losses. The Group analys<span class=\"_ _0\"></span>ed the impact of I<span class=\"_ _a\"></span>FRS<span class=\"_ _0\"></span> 9 and concluded there is no materialimpact on the bad<span class=\"_ _0\"></span> debt reserve<span class=\"_ _0\"></span> booked. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup also asse<span class=\"_ _0\"></span>ssed whether the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oric pat<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ern<span class=\"_ _0\"></span> would chang<span class=\"_ _0\"></span>e m<span class=\"_ _a\"></span>aterially i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>u<span class=\"_ _4\"></span>tu<span class=\"_ _0\"></span>reand expects no signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant impact. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Liquid<span class=\"_ _a\"></span>ity risk<span class=\"_ _0\"></span> A material and structural shortage in our cash flow wou<span class=\"_ _0\"></span>ld damage bo<span class=\"_ _a\"></span>th our creditworthiness as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he trust of<span class=\"_ _a\"></span> investors <span class=\"_ _0\"></span>and wouldrestrict the capacity of the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>to attract fresh cap<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>al. The operational<span class=\"_ _0\"></span> cash flow provides the means to finance<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>financi<span class=\"_ _0\"></span>aobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons and to increase shareholder value. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>manages the liqu<span class=\"_ _0\"></span>idity risk by evaluating the short term and l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> cashflo<span class=\"_ _0\"></span>ws. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>IPEF<span class=\"_ _0\"></span><span class=\"ls7\"> <span class=\"ws166\">gr<span class=\"_ _a\"></span>oup maintains an acce<span class=\"_ _0\"></span>ss t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the capital <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arket t<span class=\"_ _0\"></span>hr<span class=\"_ _a\"></span>ough <span class=\"_ _0\"></span><span class=\"ws7\">shor<span class=\"_ _a\"></span>t- <span class=\"ws165\">and long</span>-<span class=\"ls14f ws170\">te<span class=\"_ _0\"></span>rm</span> <span class=\"ws166\">debt programs<span class=\"_ _0\"></span>.</span> </span></span></span>Th<span class=\"ls7 ws165\">e following table gives the contractually deter<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ned (not<span class=\"ws7\">-<span class=\"ws166\">discounted) cash flow<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>esulting fro<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> liabi<span class=\"_ _0\"></span>lities at balance sheet date:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 771</span> - <span class=\"ls14d ws161\">475</span> -<span class=\"ws166\">18 296</span>  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ws7\"> </span>-<span class=\"ws165\">3 817</span> - <span class=\"ls14d ws161\">50</span> - <span class=\"ls14d ws161\">639</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>-<span class=\"ws166\">29 863</span> -<span class=\"ws166\">29 863</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>-<span class=\"ws165\">5 698</span> -<span class=\"ws165\">5 698</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 296</span> -<span class=\"ws166\">18 296</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>-<span class=\"ws165\">5 396</span> -<span class=\"ws165\">5 396</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> - <span class=\"ls14d ws161\">628</span> - <span class=\"ls14d ws161\">628</span> Derivatives  0  0  0  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>79 794<span class=\"ws7\"> </span>-<span class=\"ws166\">82 468</span> -<span class=\"ws166\">60 405</span> -<span class=\"ws166\">18 935</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>-<span class=\"ws166\">37 239</span> - <span class=\"ls14d ws161\">618</span> -<span class=\"ws166\">18 510</span> -<span class=\"ws166\">18 111</span>  0  0 Leasing <span class=\"ws165\">li<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies &gt; 1 year<span class=\"ws7\"> </span></span>2 207<span class=\"ws7\"> </span>-<span class=\"ws165\">4 250</span> - <span class=\"ls14d ws161\">177</span> - <span class=\"ls14d ws161\">489</span> - <span class=\"ls14d ws161\">464</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\"> </span>-<span class=\"ws165\">4 830</span>  0 -<span class=\"ws165\">4 830</span>  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>-<span class=\"ws166\">23 605</span> -<span class=\"ws166\">23 605</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>-<span class=\"ws166\">11 934</span> -<span class=\"ws166\">11 934</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 471</span> -<span class=\"ws166\">18 471</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>-<span class=\"ws166\">12 597</span> -<span class=\"ws166\">12 597</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> - <span class=\"ls14d ws161\">523</span> - <span class=\"ls14d ws161\">523</span> Derivatives 2 066<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> -<span class=\"ws165\">2 066</span>  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>111 604<span class=\"ws7\"> </span>-<span class=\"ws165\">115 516</span> -<span class=\"ws166\">69 992</span> -<span class=\"ws166\">23 829</span> -<span class=\"ws166\">18 575</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> In order<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> limit <span class=\"_ _0\"></span>the financial<span class=\"_ _0\"></span> credit risk SIPEF has<span class=\"_ _0\"></span> spread i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s more<span class=\"_ _0\"></span> important activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es over<span class=\"_ _0\"></span> a small nu<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber of<span class=\"_ _0\"></span> banking gro<span class=\"_ _0\"></span>ups<span class=\"_ _0\"></span> with afirs<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-class <span class=\"ws166\">rating for creditworthiness.</span> <span class=\"ws166\">The cur<span class=\"_ _0\"></span>rent<span class=\"_ _a\"></span> maxi<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>um credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ines available amount to KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws7\">1</span>59 292<span class=\"ws7\"> (<span class=\"_ _a\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"ls152 ws1cc\">: KUSD </span>1<span class=\"ws166\">78 686<span class=\"ls14e ws164\">).</span></span> </span></span></span></span></span>In 2022, same as<span class=\"_ _0\"></span> in previous years<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> there were no<span class=\"_ _0\"></span> infringements on t<span class=\"_ _0\"></span>he conditions stated in <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> agr<span class=\"_ _a\"></span>eements nor<span class=\"_ _0\"></span> were there anyshortcomings in repayments. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fina<span class=\"_ _0\"></span>ncial <span class=\"_ _0\"></span>instr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue in th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement <span class=\"_ _0\"></span>of fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Companies w<span class=\"_ _0\"></span>ithin the <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span> <span class=\"_ _9\"> </span>may use <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments for risk management<span class=\"_ _0\"></span> purposes. Specifical<span class=\"_ _0\"></span>ly, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>se are instrumentsprincipally i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>ded to m<span class=\"_ _a\"></span>anage the risks associated with fluctuating inter<span class=\"_ _a\"></span>est and exchange rates. The counterpart<span class=\"_ _a\"></span>ies i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>atedtransactions are exclusivel<span class=\"_ _0\"></span>y f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>rst<span class=\"_ _a\"></span><span class=\"ws7\">-<span class=\"ws166\">ranked banks<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span> </span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments are <span class=\"_ _0\"></span>measur<span class=\"_ _a\"></span>ed at fair val<span class=\"_ _0\"></span>ue at initial<span class=\"_ _0\"></span> recognitio<span class=\"_ _a\"></span>n<span class=\"ls14f ws170\">. </span><span class=\"ws7\">T</span>he changes in fair val<span class=\"_ _0\"></span>ue are reported in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ncome st<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ementunless these instruments are par<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of hedg<span class=\"_ _0\"></span>ing tr<span class=\"_ _a\"></span>ansactions.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>Fair value<span class=\"_ _0\"></span>s of<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivat<span class=\"ws165\">ives are:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>est ra<span class=\"_ _0\"></span>te swaps<span class=\"ws7\"> </span>1 350<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">797</span> Forward exchange transactions<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">289</span> -<span class=\"ws165\">1 269</span> Fair value (+ = asset;<span class=\"_ _0\"></span> <span class=\"ws7\">- <span class=\"ls14f\">= l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity)<span class=\"_ _0\"></span></span> </span>1 639<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> In accordance w<span class=\"_ _0\"></span>ith IFRS 13 fina<span class=\"_ _0\"></span>ncial instruments are<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>ouped<span class=\"_ _0\"></span> into 3 l<span class=\"_ _0\"></span>evels based on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>degree to<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s observable:\u2022 <span class=\"_ _115\"> </span>Level 1 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are quoted<span class=\"_ _0\"></span> prices (unadjusted) i<span class=\"_ _0\"></span>n active markets fo<span class=\"_ _0\"></span>r identical<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s or liabi<span class=\"_ _0\"></span>lities that the entity can acce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>hemeasurement date;<span class=\"ws7\"> </span>\u2022 <span class=\"_ _115\"> </span>Level 2 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>nputs ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r than quoted<span class=\"_ _0\"></span> prices includ<span class=\"_ _0\"></span>ed within <span class=\"_ _0\"></span>lev<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span> 1 t<span class=\"_ _a\"></span>hat are<span class=\"_ _0\"></span> observable for <span class=\"_ _0\"></span>the asset or l<span class=\"_ _0\"></span>iability either directlyor indirectly;<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Level 3 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are unobservable i<span class=\"_ _0\"></span>nput<span class=\"_ _a\"></span>s for the asse<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or l<span class=\"_ _0\"></span>iability.<span class=\"ws7\"> </span></span></span>The IRS has a<span class=\"_ _0\"></span> notional amount<span class=\"_ _0\"></span> of KUSD<span class=\"_ _0\"></span> 36 000. The<span class=\"_ _0\"></span> carr<span class=\"_ _a\"></span>ying amou<span class=\"_ _0\"></span>nt is recorded on<span class=\"_ _0\"></span> the derivat<span class=\"_ _0\"></span><span class=\"ws165\">ives (<span class=\"ws7\">assets</span></span>) <span class=\"_ _0\"></span>for an amoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f KUSD1 350, the deferred <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> for an amount of KU<span class=\"_ _0\"></span>SD <span class=\"ws7\">-</span>338 and the <span class=\"_ _0\"></span>other compr<span class=\"_ _6\"></span>eh<span class=\"_ _0\"></span>ensive income in the equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y <span class=\"_ _0\"></span>for an amount of KU<span class=\"_ _0\"></span>SD1 012. <span class=\"ws7\"> </span>The notional<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount from the forward exchange t<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansactions amo<span class=\"_ _0\"></span>unts t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>KUSD <span class=\"_ _0\"></span>39 063<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span>T<span class=\"_ _0\"></span>he f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ward exchange contracts are no<span class=\"_ _0\"></span>documented in a<span class=\"_ _0\"></span> hedging <span class=\"_ _0\"></span>relationship and accordi<span class=\"_ _0\"></span>ngly, all changes<span class=\"_ _0\"></span> in fai<span class=\"_ _0\"></span>r value are<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecorded<span class=\"_ _0\"></span> in the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al result. The <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>o<span class=\"_ _4\"></span>up<span class=\"_ _0\"></span> hasdocumented the interest<span class=\"_ _a\"></span> rate swap<span class=\"_ _0\"></span>s (<span class=\"_ _6\"></span>IRS<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> in a hedg<span class=\"_ _0\"></span>ing relationship. The terms of the IRS and the hedged debt match 100%. T<span class=\"_ _0\"></span>heref<span class=\"_ _6\"></span>oreno effectiveness test<span class=\"_ _a\"></span> based on a ratio of changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the hedging instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ag<span class=\"_ _0\"></span>ainst t<span class=\"_ _a\"></span>hat of the hedged debt is <span class=\"_ _4\"></span>requiredAn IRS w<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>h matching contractual terms w<span class=\"_ _0\"></span>ould have li<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ed inefficiency. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The fair value of<span class=\"_ _0\"></span> the forward exchan<span class=\"_ _0\"></span>ge contracts and interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ate s<span class=\"_ _0\"></span>wap calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed at the cl<span class=\"_ _0\"></span>osing value on the<span class=\"_ _0\"></span> 31st of D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>b<span class=\"_ _0\"></span>er 2022were also i<span class=\"_ _0\"></span>ncor<span class=\"_ _a\"></span>porated in level<span class=\"_ _0\"></span> 2.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>F<span class=\"ls154 ws180\">ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> per ca<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ory<span class=\"_ _0\"></span></span> The follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>table presents <span class=\"ws166\">the financi<span class=\"_ _0\"></span>al instruments per<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y <span class=\"_ _0\"></span>as per<span class=\"_ _a\"></span> end 20<span class=\"_ _0\"></span><span class=\"ws7\">22 </span>and end 20<span class=\"ws7\">21:<span class=\"_ _0\"></span> </span></span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value202<span class=\"ls7 ws7\">2 - <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span><span class=\"ls7 ws7\">i<span class=\"_ _0\"></span>nvestments </span> <span class=\"ls14d ws161\">98</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">98</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>28 287<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>28 385<span class=\"ws7\"> </span>28 385<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>44 643<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>Level 2Othe<span class=\"_ _0\"></span>r <span class=\"ls7 ws7\">receivables </span>47 728<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>47 728<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span>10 208<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>10 208<span class=\"ws7\"> </span>Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>34 148<span class=\"ws7\"> </span>Level 2Derivatives  <span class=\"ls14d ws161\">289</span> FVTPL<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">289</span> Level 2Derivatives 1 350<span class=\"ws7\"> </span>Hedgi<span class=\"_ _0\"></span>ng<span class=\"_ _6\"></span> 1 350<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls7 ws166\">current <span class=\"_ _0\"></span>fi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>anci<span class=\"_ _a\"></span>al asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>138 366<span class=\"ws7\"> </span>138 366<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0 AC<span class=\"ls7 ws7\"> </span>0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 <span class=\"ws7\">year </span>0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>20 320<span class=\"ls7 ws7\"> </span>20 320<span class=\"ls7 ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>29 863<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 437<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>14 437<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 698<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 yea<span class=\"_ _0\"></span>r<span class=\"ws7\"> </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 323<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">590</span> Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">92</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">92</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>25 666<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>25 666<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>25 758<span class=\"ws7\"> </span>25 758<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>32 282<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>49 878<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>49 878<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents  0 Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">38</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">38</span> Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>19 939<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>19 939<span class=\"ws7\"> </span>Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>36 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 207<span class=\"ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\">  </span>4 830<span class=\"ws7\">  </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls160 ws1b2\">non<span class=\"ls7 ws7\">-<span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span></span> </span></span>43 037<span class=\"ws7\"> </span>43 037<span class=\"ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>23 605<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11 519<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 519<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 934<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 <span class=\"_ _0\"></span><span class=\"ws7\">year </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>12 477<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">484</span> Level 2Derivatives 1 269<span class=\"ws7\"> </span>FVTPL<span class=\"ls7 ws7\"> </span>1 269<span class=\"ws7\"> </span>Level 2Hedge Derivatives  <span class=\"ls14d ws161\">797</span> accounting  <span class=\"ls14d ws161\">797</span> Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>27.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">Leas<span class=\"_ _0\"></span>ing</span> The Group leases office space<span class=\"_ _0\"></span>, land rights and vehicles un<span class=\"_ _0\"></span>der<span class=\"_ _a\"></span> a nu<span class=\"_ _0\"></span>mber of lease agreements with a<span class=\"_ _0\"></span> lease term of one year o<span class=\"_ _0\"></span>r mo<span class=\"_ _0\"></span>re.The rent of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fice bui<span class=\"_ _0\"></span>ldings concerns the<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>onthly<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ental paym<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span>s for <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>fices in <span class=\"_ _0\"></span>Indonesia<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>and Sing<span class=\"_ _0\"></span>apore. <span class=\"_ _0\"></span>Th<span class=\"_ _0\"></span>e rent o<span class=\"_ _0\"></span>f theoffices and ancill<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y parking space in Belg<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span>um<span class=\"_ _6\"></span> <span class=\"ws15f\">has not been included in the leases due to the short</span>-term exempt<span class=\"_ _a\"></span>ion. For <span class=\"_ _0\"></span>the land rightsthe subject of the lea<span class=\"_ _0\"></span>se concerns t<span class=\"_ _a\"></span>he usu<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ruct of certain l<span class=\"_ _0\"></span>and wherefore a fixed annual rental amount i<span class=\"_ _0\"></span>s paid. The remaining l<span class=\"_ _0\"></span>andrights in PNG have a duration of 99 years for<span class=\"_ _a\"></span> whi<span class=\"_ _0\"></span>ch no r<span class=\"_ _a\"></span>ental amount<span class=\"_ _a\"></span> is pai<span class=\"_ _0\"></span>d.<span class=\"_ _a\"></span> These assets will be depreciated over a period <span class=\"_ _0\"></span>of 25years in<span class=\"ws7\"> </span>line<span class=\"_ _0\"></span> with the lifespan of an oil pal<span class=\"_ _0\"></span>m.<span class=\"_ _6\"></span> The<span class=\"_ _0\"></span> vehicles concern the l<span class=\"_ _0\"></span>imited number of<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> leases w<span class=\"_ _0\"></span>ithin the <span class=\"ws7\">G<span class=\"_ _0\"></span>roup. </span>The future operating lea<span class=\"_ _0\"></span>se comm<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ments under <span class=\"_ _0\"></span>these non<span class=\"ws7\">-<span class=\"ws165\">cancell<span class=\"_ _0\"></span>able leases are due as follow<span class=\"_ _0\"></span>s:</span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Current lease <span class=\"ls151 ws172\">liabil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span></span> <span class=\"ls14d ws161\">590</span>  <span class=\"ls14d ws161\">484</span> Non-<span class=\"ws166\">current lease li<span class=\"_ _0\"></span>abilities</span> 2 320<span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>Total lease liability as at<span class=\"_ _0\"></span> 31 December<span class=\"ws7\"> </span>2 910<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>The movement during <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the lease li<span class=\"_ _0\"></span>ability can be summ<span class=\"_ _a\"></span>ari<span class=\"_ _0\"></span>sed as follows:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Lease commitments disclosed as at<span class=\"_ _0\"></span> 1 January<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>2 828<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ions<span class=\"_ _a\"></span>  <span class=\"ls14d ws161\">822</span>  <span class=\"ls14d ws161\">246</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l costs/(income)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">219</span>  <span class=\"ls14d ws161\">220</span> Lease repayments<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">804</span> - <span class=\"ls14d ws161\">604</span> Exchange result<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">17</span>  1 Lease liability recognised as at 31 D<span class=\"_ _0\"></span>ecember<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 910<span class=\"ws7\"> </span>2 691<span class=\"ws7\"> </span>The lease <span class=\"_ _0\"></span>com<span class=\"_ _a\"></span>mitments ar<span class=\"_ _a\"></span>e incl<span class=\"_ _0\"></span>uded in the increase in long t<span class=\"_ _a\"></span>erm (KUSD 755) and short term (KUSD<span class=\"_ _0\"></span> 67) f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial borrowings in t<span class=\"_ _0\"></span>hecash flow. The l<span class=\"_ _0\"></span>ease repayment<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>ncluded in the decrease in <span class=\"_ _4\"></span>long term (KUSD <span class=\"_ _0\"></span>-<span class=\"_ _a\"></span> <span class=\"_ _4\"></span>642) <span class=\"_ _4\"></span>and<span class=\"_ _0\"></span> <span class=\"_ _4\"></span>short ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> <span class=\"ls152 ws179\">(KUSD <span class=\"_ _4\"></span></span>-162) <span class=\"_ _4\"></span>financi<span class=\"_ _0\"></span>alborrowings  <span class=\"ws166\">in the cash <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>low<span class=\"_ _0\"></span><span class=\"ws7\">.<span class=\"_ _a\"></span> </span></span>The right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets can be<span class=\"_ _0\"></span> classified as foll<span class=\"_ _0\"></span>ows:<span class=\"ws7\"> </span>Movem<span class=\"_ _6\"></span>ent (i<span class=\"_ _6\"></span>n KUSD)<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _6\"></span> right<span class=\"ls7 ws7\">-<span class=\"ls160 ws1b2\">of</span>-<span class=\"ws166\">use assets as at 1<span class=\"_ _0\"></span> January</span> </span>2 <span class=\"ls14d ws161\">587</span> 2 757<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion<span class=\"_ _a\"></span> 822<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">246</span> Depreciation -<span class=\"ls14d ws161\">624</span> - <span class=\"ls14d ws161\">417</span> Total<span class=\"_ _6\"></span> right<span class=\"ls7 ws7\">-<span class=\"ls160 ws1b2\">of</span>-<span class=\"_ _a\"></span><span class=\"ws166\">use assets as<span class=\"_ _0\"></span> at 31 December<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>2 785<span class=\"ws7\"> </span>2 587<span class=\"ws7\"> </span>Land ri<span class=\"_ _6\"></span>ghts<span class=\"ls7 ws7\"> </span>Off<span class=\"_ _0\"></span>ice ren<span class=\"_ _0\"></span>t<span class=\"ls7\"> </span>Car rent<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>Total right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets as<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> 31<span class=\"_ _0\"></span> December 2021<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">893</span> 1 281<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">413</span> 2 587<span class=\"ws7\"> </span>Total right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets as<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> 31<span class=\"_ _0\"></span> December 2022<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">833</span> 1 693<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">259</span> 2 785<span class=\"ws7\"> </span>The total depreciation of the right<span class=\"ws7\">-<span class=\"ls14d ws161\">of</span>-</span>use assets until 31 D<span class=\"_ _0\"></span>ecember <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>am<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>s to KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">624</span> <span class=\"_ _a\"></span>and the financial costs <span class=\"ls14f ws170\">to <span class=\"ls161 ws1b4\">KU<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>219.Of the depreciation, KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">60</span> was recor<span class=\"_ _a\"></span>ded in the c<span class=\"ws166\">ost of sales of<span class=\"_ _0\"></span> the palm segment of Papua New Guine<span class=\"_ _0\"></span>a and <span class=\"ls152 ws179\">KUSD</span></span> <span class=\"ls14d ws161\">564</span> K<span class=\"_ _6\"></span>USD inthe \"<span class=\"ws7\">g</span>eneral<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>and admini<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>rative expen<span class=\"_ _0\"></span>ses\".<span class=\"_ _a\"></span> There are no ma<span class=\"_ _0\"></span>ter<span class=\"_ _a\"></span>ial<span class=\"_ _0\"></span> expenses related to short term and low val<span class=\"_ _0\"></span>ue leases. There are nomaterial extension options not incl<span class=\"_ _0\"></span>uded in the calculati<span class=\"_ _0\"></span>on.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-3": {
   "value": "11.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">RECEI<span class=\"_ _0\"></span>VABLES &gt;<span class=\"_ _0\"></span> 1 YEAR<span class=\"_ _0\"></span></span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables &gt; 1 year<span class=\"ws7\"> <span class=\"ffc5\">\u2013</span> <span class=\"ws197\">plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span></span></span> <span class=\"ws166\">28 287</span>  <span class=\"ws166\">25 666</span> The receivabl<span class=\"_ _0\"></span>es &gt; 1 consists <span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> of plasma receivab<span class=\"_ _0\"></span>les in Indonesia.<span class=\"ws7\"> </span>Plasma receivables represent a loan granted to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sm<span class=\"_ _a\"></span>allho<span class=\"_ _0\"></span>ldersfor <span class=\"_ _9\"> </span>the accu<span class=\"_ _0\"></span>mulated costs to develop pl<span class=\"_ _0\"></span>asma plantations which are current<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y being financed by the Group. When <span class=\"_ _0\"></span>the plasmaplantations start to <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ature,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plasma farmers<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e obli<span class=\"_ _0\"></span>ged t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> sell thei<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> harvests to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group and a po<span class=\"_ _0\"></span>rtion of the<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esulting proceedswill be use<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o repay <span class=\"_ _0\"></span>the loans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The plasma receivables<span class=\"_ _0\"></span> <span class=\"ls151 ws1c7\">will be </span>gradua<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>epaid from<span class=\"_ _a\"></span> the moment the pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a holder<span class=\"_ _0\"></span>s beco<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e a going concern plantation whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ebyproceeds of the FFB<span class=\"_ _0\"></span> sales will<span class=\"_ _0\"></span> be part<span class=\"_ _a\"></span>ly used to repay <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he loan. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>are div<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ded i<span class=\"_ _a\"></span>nto interest bearing and non-<span class=\"ws166\">interest bearing. The non</span>-<span class=\"ws166\">interest bearing plasma l<span class=\"_ _0\"></span>oans </span>are discountedupon recognition. The<span class=\"_ _0\"></span> out<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>andi<span class=\"_ _0\"></span>ng receivables <span class=\"_ _0\"></span>up unt<span class=\"_ _a\"></span>il 20<span class=\"_ _0\"></span>21 had not yet be<span class=\"_ _0\"></span>en discounted and this<span class=\"_ _0\"></span> has been incl<span class=\"_ _0\"></span>uded as a on<span class=\"_ _0\"></span>e-of<span class=\"_ _0\"></span>fcorrection in 2022. The total di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>ing cost <span class=\"_ _a\"></span>up to December 31, 2022<span class=\"ws7\"> </span>amounts to KUSD 1 883 with an effect<span class=\"_ _a\"></span> of KUSD<span class=\"_ _0\"></span> 157 <span class=\"ls14f ws170\">for</span> 2022and KUS<span class=\"_ _0\"></span>D 1 726 one<span class=\"ws7\">-<span class=\"ws166\">off cor<span class=\"_ _a\"></span>rection<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ating to all outstandi<span class=\"_ _0\"></span>ng loans prior to 2022.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The Group ha<span class=\"_ _0\"></span>s calculated the expected<span class=\"_ _0\"></span> credit loss i<span class=\"_ _0\"></span>n accordance <span class=\"_ _0\"></span>with IFRS 9 and<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">has</span> <span class=\"_ _0\"></span></span>done an i<span class=\"_ _0\"></span>mpairm<span class=\"_ _a\"></span>ent <span class=\"_ _0\"></span>test on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> outstandingplasma receivabl<span class=\"_ _0\"></span>es wh<span class=\"_ _a\"></span>ich show<span class=\"_ _0\"></span>ed no basis for<span class=\"ws7\"> </span>impairment based on the lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-</span>t<span class=\"_ _a\"></span>erm repaymen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The repayment of t<span class=\"_ _a\"></span>he plasma l<span class=\"_ _0\"></span>oans will be determined largely by the plasma fruit product<span class=\"_ _a\"></span>ion<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"_ _0\"></span></span>world palm oil prices<span class=\"_ _0\"></span><span class=\"ws7\"> </span>over the nextyears <span class=\"_ _6\"></span>and i<span class=\"_ _0\"></span>s also <span class=\"_ _6\"></span>dependant on the terms and conditions of t<span class=\"_ _a\"></span>he plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a scheme. <span class=\"_ _6\"></span>There<span class=\"_ _0\"></span>fore it is not possibl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o predict <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exact timingof repayment. The<span class=\"_ _0\"></span> Group currently has<span class=\"_ _0\"></span> a total sho<span class=\"_ _0\"></span>rt term plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a receivable <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _7\"> </span><span class=\"ls14d ws161\">587</span></span><span class=\"ws7\"> <span class=\"_\"> </span><span class=\"ffc5\">\u2013</span> <span class=\"_ _7\"> </span></span>i<span class=\"_ _0\"></span>ncluded in the cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent otherreceivables - <span class=\"ws165\">and a long term pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a receivable of KU<span class=\"_ _0\"></span>SD 28 287<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span>14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-4": {
   "value": "11.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">RECEI<span class=\"_ _0\"></span>VABLES &gt;<span class=\"_ _0\"></span> 1 YEAR<span class=\"_ _0\"></span></span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables &gt; 1 year<span class=\"ws7\"> <span class=\"ffc5\">\u2013</span> <span class=\"ws197\">plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span></span></span> <span class=\"ws166\">28 287</span>  <span class=\"ws166\">25 666</span> The receivabl<span class=\"_ _0\"></span>es &gt; 1 consists <span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> of plasma receivab<span class=\"_ _0\"></span>les in Indonesia.<span class=\"ws7\"> </span>Plasma receivables represent a loan granted to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sm<span class=\"_ _a\"></span>allho<span class=\"_ _0\"></span>ldersfor <span class=\"_ _9\"> </span>the accu<span class=\"_ _0\"></span>mulated costs to develop pl<span class=\"_ _0\"></span>asma plantations which are current<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y being financed by the Group. When <span class=\"_ _0\"></span>the plasmaplantations start to <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ature,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plasma farmers<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e obli<span class=\"_ _0\"></span>ged t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> sell thei<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> harvests to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group and a po<span class=\"_ _0\"></span>rtion of the<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esulting proceedswill be use<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o repay <span class=\"_ _0\"></span>the loans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The plasma receivables<span class=\"_ _0\"></span> <span class=\"ls151 ws1c7\">will be </span>gradua<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>epaid from<span class=\"_ _a\"></span> the moment the pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a holder<span class=\"_ _0\"></span>s beco<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e a going concern plantation whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ebyproceeds of the FFB<span class=\"_ _0\"></span> sales will<span class=\"_ _0\"></span> be part<span class=\"_ _a\"></span>ly used to repay <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he loan. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>are div<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ded i<span class=\"_ _a\"></span>nto interest bearing and non-<span class=\"ws166\">interest bearing. The non</span>-<span class=\"ws166\">interest bearing plasma l<span class=\"_ _0\"></span>oans </span>are discountedupon recognition. The<span class=\"_ _0\"></span> out<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>andi<span class=\"_ _0\"></span>ng receivables <span class=\"_ _0\"></span>up unt<span class=\"_ _a\"></span>il 20<span class=\"_ _0\"></span>21 had not yet be<span class=\"_ _0\"></span>en discounted and this<span class=\"_ _0\"></span> has been incl<span class=\"_ _0\"></span>uded as a on<span class=\"_ _0\"></span>e-of<span class=\"_ _0\"></span>fcorrection in 2022. The total di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>ing cost <span class=\"_ _a\"></span>up to December 31, 2022<span class=\"ws7\"> </span>amounts to KUSD 1 883 with an effect<span class=\"_ _a\"></span> of KUSD<span class=\"_ _0\"></span> 157 <span class=\"ls14f ws170\">for</span> 2022and KUS<span class=\"_ _0\"></span>D 1 726 one<span class=\"ws7\">-<span class=\"ws166\">off cor<span class=\"_ _a\"></span>rection<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ating to all outstandi<span class=\"_ _0\"></span>ng loans prior to 2022.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The Group ha<span class=\"_ _0\"></span>s calculated the expected<span class=\"_ _0\"></span> credit loss i<span class=\"_ _0\"></span>n accordance <span class=\"_ _0\"></span>with IFRS 9 and<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">has</span> <span class=\"_ _0\"></span></span>done an i<span class=\"_ _0\"></span>mpairm<span class=\"_ _a\"></span>ent <span class=\"_ _0\"></span>test on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> outstandingplasma receivabl<span class=\"_ _0\"></span>es wh<span class=\"_ _a\"></span>ich show<span class=\"_ _0\"></span>ed no basis for<span class=\"ws7\"> </span>impairment based on the lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-</span>t<span class=\"_ _a\"></span>erm repaymen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The repayment of t<span class=\"_ _a\"></span>he plasma l<span class=\"_ _0\"></span>oans will be determined largely by the plasma fruit product<span class=\"_ _a\"></span>ion<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"_ _0\"></span></span>world palm oil prices<span class=\"_ _0\"></span><span class=\"ws7\"> </span>over the nextyears <span class=\"_ _6\"></span>and i<span class=\"_ _0\"></span>s also <span class=\"_ _6\"></span>dependant on the terms and conditions of t<span class=\"_ _a\"></span>he plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a scheme. <span class=\"_ _6\"></span>There<span class=\"_ _0\"></span>fore it is not possibl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o predict <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exact timingof repayment. The<span class=\"_ _0\"></span> Group currently has<span class=\"_ _0\"></span> a total sho<span class=\"_ _0\"></span>rt term plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a receivable <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _7\"> </span><span class=\"ls14d ws161\">587</span></span><span class=\"ws7\"> <span class=\"_\"> </span><span class=\"ffc5\">\u2013</span> <span class=\"_ _7\"> </span></span>i<span class=\"_ _0\"></span>ncluded in the cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent otherreceivables - <span class=\"ws165\">and a long term pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a receivable of KU<span class=\"_ _0\"></span>SD 28 287<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span>14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-5": {
   "value": "11.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">RECEI<span class=\"_ _0\"></span>VABLES &gt;<span class=\"_ _0\"></span> 1 YEAR<span class=\"_ _0\"></span></span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables &gt; 1 year<span class=\"ws7\"> <span class=\"ffc5\">\u2013</span> <span class=\"ws197\">plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span></span></span> <span class=\"ws166\">28 287</span>  <span class=\"ws166\">25 666</span> The receivabl<span class=\"_ _0\"></span>es &gt; 1 consists <span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> of plasma receivab<span class=\"_ _0\"></span>les in Indonesia.<span class=\"ws7\"> </span>Plasma receivables represent a loan granted to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sm<span class=\"_ _a\"></span>allho<span class=\"_ _0\"></span>ldersfor <span class=\"_ _9\"> </span>the accu<span class=\"_ _0\"></span>mulated costs to develop pl<span class=\"_ _0\"></span>asma plantations which are current<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>y being financed by the Group. When <span class=\"_ _0\"></span>the plasmaplantations start to <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ature,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> plasma farmers<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e obli<span class=\"_ _0\"></span>ged t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> sell thei<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> harvests to <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group and a po<span class=\"_ _0\"></span>rtion of the<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esulting proceedswill be use<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o repay <span class=\"_ _0\"></span>the loans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The plasma receivables<span class=\"_ _0\"></span> <span class=\"ls151 ws1c7\">will be </span>gradua<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ly <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>epaid from<span class=\"_ _a\"></span> the moment the pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a holder<span class=\"_ _0\"></span>s beco<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e a going concern plantation whe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ebyproceeds of the FFB<span class=\"_ _0\"></span> sales will<span class=\"_ _0\"></span> be part<span class=\"_ _a\"></span>ly used to repay <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he loan. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>are div<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ded i<span class=\"_ _a\"></span>nto interest bearing and non-<span class=\"ws166\">interest bearing. The non</span>-<span class=\"ws166\">interest bearing plasma l<span class=\"_ _0\"></span>oans </span>are discountedupon recognition. The<span class=\"_ _0\"></span> out<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>andi<span class=\"_ _0\"></span>ng receivables <span class=\"_ _0\"></span>up unt<span class=\"_ _a\"></span>il 20<span class=\"_ _0\"></span>21 had not yet be<span class=\"_ _0\"></span>en discounted and this<span class=\"_ _0\"></span> has been incl<span class=\"_ _0\"></span>uded as a on<span class=\"_ _0\"></span>e-of<span class=\"_ _0\"></span>fcorrection in 2022. The total di<span class=\"_ _0\"></span>scount<span class=\"_ _a\"></span>ing cost <span class=\"_ _a\"></span>up to December 31, 2022<span class=\"ws7\"> </span>amounts to KUSD 1 883 with an effect<span class=\"_ _a\"></span> of KUSD<span class=\"_ _0\"></span> 157 <span class=\"ls14f ws170\">for</span> 2022and KUS<span class=\"_ _0\"></span>D 1 726 one<span class=\"ws7\">-<span class=\"ws166\">off cor<span class=\"_ _a\"></span>rection<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ating to all outstandi<span class=\"_ _0\"></span>ng loans prior to 2022.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>The Group ha<span class=\"_ _0\"></span>s calculated the expected<span class=\"_ _0\"></span> credit loss i<span class=\"_ _0\"></span>n accordance <span class=\"_ _0\"></span>with IFRS 9 and<span class=\"_ _4\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">has</span> <span class=\"_ _0\"></span></span>done an i<span class=\"_ _0\"></span>mpairm<span class=\"_ _a\"></span>ent <span class=\"_ _0\"></span>test on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> outstandingplasma receivabl<span class=\"_ _0\"></span>es wh<span class=\"_ _a\"></span>ich show<span class=\"_ _0\"></span>ed no basis for<span class=\"ws7\"> </span>impairment based on the lon<span class=\"_ _0\"></span>g<span class=\"ws7\">-</span>t<span class=\"_ _a\"></span>erm repaymen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> plans.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The repayment of t<span class=\"_ _a\"></span>he plasma l<span class=\"_ _0\"></span>oans will be determined largely by the plasma fruit product<span class=\"_ _a\"></span>ion<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"ls14d ws161\">and</span> <span class=\"_ _0\"></span></span>world palm oil prices<span class=\"_ _0\"></span><span class=\"ws7\"> </span>over the nextyears <span class=\"_ _6\"></span>and i<span class=\"_ _0\"></span>s also <span class=\"_ _6\"></span>dependant on the terms and conditions of t<span class=\"_ _a\"></span>he plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a scheme. <span class=\"_ _6\"></span>There<span class=\"_ _0\"></span>fore it is not possibl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>o predict <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exact timingof repayment. The<span class=\"_ _0\"></span> Group currently has<span class=\"_ _0\"></span> a total sho<span class=\"_ _0\"></span>rt term plas<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a receivable <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _7\"> </span><span class=\"ls14d ws161\">587</span></span><span class=\"ws7\"> <span class=\"_\"> </span><span class=\"ffc5\">\u2013</span> <span class=\"_ _7\"> </span></span>i<span class=\"_ _0\"></span>ncluded in the cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent otherreceivables - <span class=\"ws165\">and a long term pl<span class=\"_ _0\"></span>asm<span class=\"_ _a\"></span>a receivable of KU<span class=\"_ _0\"></span>SD 28 287<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span>14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-2": {
   "value": "12.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">INV<span class=\"_ _0\"></span>ENTO<span class=\"ls16e ws1c9\">RIES<span class=\"_ _0\"></span></span></span> Analysi<span class=\"_ _0\"></span>s of<span class=\"_ _a\"></span> inventories<span class=\"_ _0\"></span><span class=\"ws7\">:<span class=\"_ _6\"></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Raw materials an<span class=\"_ _0\"></span>d supplies<span class=\"ws7\"> </span>24 181<span class=\"ws7\"> </span>21 508<span class=\"ws7\"> </span>Fini<span class=\"_ _0\"></span>shed goods<span class=\"_ _a\"></span><span class=\"ws7\"> </span>24 755<span class=\"ws7\"> </span>26 509<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>48 936<span class=\"ws7\"> </span>48 017<span class=\"ws7\"> </span>The remaining<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>ock of raw <span class=\"_ _0\"></span>mater<span class=\"_ _a\"></span>ials an<span class=\"_ _0\"></span>d supplies has <span class=\"_ _0\"></span>increased wi<span class=\"_ _6\"></span>th KUSD 2 673 in comparison to prior year. This i<span class=\"_ _0\"></span>s m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>nly due toincreased fertilizer prices. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The <span class=\"_ _0\"></span>decrease <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span><span class=\"ws160\">finished goods</span> <span class=\"_ _0\"></span>is <span class=\"_ _0\"></span><span class=\"ws160\">mainly due to <span class=\"ls14f ws170\">the <span class=\"_ _0\"></span></span></span>low<span class=\"_ _0\"></span>er <span class=\"ws160\">CPO prices</span> <span class=\"_ _0\"></span><span class=\"ws160\">at year</span>-end compared t<span class=\"_ _a\"></span>o p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ior year (1 305 US<span class=\"_ _0\"></span>D/t<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span> <span class=\"ls159 ws166\">in</span> 2021compared to<span class=\"ws7\"> <span class=\"_ _4\"></span></span>1 070<span class=\"_ _0\"></span> USD/ton <span class=\"ls159 ws166\">in</span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">2022</span>) <span class=\"_ _0\"></span><span class=\"ws187\">whi<span class=\"_ _0\"></span>ch resul</span></span>ts in a<span class=\"_ _0\"></span> lower ove<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>all<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _0\"></span><span class=\"ws187\">stock value</span></span>, as the<span class=\"_ _0\"></span> stock finished go<span class=\"_ _0\"></span>ods includes bi<span class=\"_ _0\"></span>olog<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>caassets measured at <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value less cost to sel<span class=\"_ _0\"></span>l at the date of ha<span class=\"_ _0\"></span>rvest<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The amount of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> s<span class=\"_ _0\"></span>tock was 11.5% hi<span class=\"_ _0\"></span>gher t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n last year.<span class=\"_ _0\"></span><span class=\"ws7\">  </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-70-2": {
   "value": "13.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">BIOLOG<span class=\"_ _0\"></span>ICAL A<span class=\"_ _0\"></span>SSETS<span class=\"_ _0\"></span> </span> The total biol<span class=\"_ _0\"></span>ogical assets at the end o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the year <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span><span class=\"ws7\"> <span class=\"_ _a\"></span><span class=\"ws166\">presented be<span class=\"_ _0\"></span>low:<span class=\"ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ws7\">- <span class=\"_ _a\"></span><span class=\"ws166\">palm oil<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>6 464<span class=\"ws7\"> </span>6 306<span class=\"ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets <span class=\"ws7\">- <span class=\"_ _a\"></span><span class=\"ls14d ws161\">bananas<span class=\"ls7 ws7\"> </span></span></span>4 472<span class=\"ws7\"> </span>2 862<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ff9c ls7 ws7\"> </span>10 936<span class=\"ws7\"> </span>9 168<span class=\"ws7\"> </span>The <span class=\"ws15f\">biological asset</span> <span class=\"_ _6\"></span>of pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> oil<span class=\"_ _0\"></span> is defined as the oil containe<span class=\"_ _0\"></span>d in the palm fr<span class=\"_ _a\"></span>uit. When the pal<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ruit<span class=\"_ _0\"></span> contains oil, then this distinct asse<span class=\"_ _0\"></span>tis recogni<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed and the f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value is estima<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> based on:<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated quantity of oil<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t is availab<span class=\"_ _0\"></span>le in the palm fruit;<span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated sales price of<span class=\"_ _0\"></span> palm oil at the time o<span class=\"_ _0\"></span>f closing;<span class=\"_ _0\"></span></span> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated cost to ha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>vest and process <span class=\"_ _0\"></span>the palm fruit;<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">The estimated sales <span class=\"ffc5\">charges (<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransport, expo<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>t <span class=\"_ _0\"></span>tax, \u2026<span class=\"ff9c ls14e ws164\">).<span class=\"ls7 ws7\"> </span></span></span></span></span>Different scientific studies have show<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the oil in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he pa<span class=\"_ _0\"></span>lm oil fruit devel<span class=\"_ _0\"></span>ops expo<span class=\"_ _0\"></span>nent<span class=\"_ _a\"></span>ially in ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>oximat<span class=\"_ _a\"></span>ely 4 w<span class=\"_ _0\"></span>eeks.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he estimat<span class=\"_ _6\"></span>edquantity of oil in the<span class=\"_ _0\"></span> palm oil fruit is <span class=\"_ _0\"></span>theref<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>re determined based on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>e harvest of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> 4 weeks after the <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ime of cl<span class=\"_ _0\"></span>osing. <span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span> the calculationof the es<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>imated quan<span class=\"_ _0\"></span>tit<span class=\"_ _a\"></span>y o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> ava<span class=\"_ _0\"></span>ilable oi<span class=\"_ _0\"></span>l, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> weigh<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> importance <span class=\"_ _0\"></span>of the harvest de<span class=\"_ _0\"></span>cr<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>ses step<span class=\"_ _0\"></span>-<span class=\"ls14d ws161\">by</span>-<span class=\"_ _a\"></span>step per<span class=\"_ _0\"></span> week, in<span class=\"_ _0\"></span> or<span class=\"_ _a\"></span>der toapproximate the quantity of oil at the time of<span class=\"_ _a\"></span> closing<span class=\"_ _0\"></span> as well as possible. The fair val<span class=\"_ _0\"></span>ue of t<span class=\"_ _6\"></span>he bi<span class=\"_ _0\"></span>ological asset<span class=\"_ _a\"></span>s calcul<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> the cl<span class=\"_ _0\"></span>osin<span class=\"_ _6\"></span>gvalue on the 31st o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> December <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2<span class=\"_ _0\"></span> </span>is based on l<span class=\"ws165\">evel<span class=\"_ _0\"></span> 2 dat<span class=\"_ _a\"></span>a input. <span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>At <span class=\"ws160\">31<span class=\"_ _0\"></span> December <span class=\"ls14d ws161\">202</span></span>2<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total bi<span class=\"_ _0\"></span>ological assets of<span class=\"_ _0\"></span> palm oil <span class=\"_ _0\"></span>am<span class=\"_ _a\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ed to K<span class=\"_ _0\"></span>USD <span class=\"ws7\">6 <span class=\"_ _0\"></span><span class=\"ls14d ws161\">464<span class=\"_ _0\"></span></span> </span>compared<span class=\"_ _0\"></span> to KUS<span class=\"_ _0\"></span>D 6 306 <span class=\"ls16f ws1ca\">at</span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">31 </span>D<span class=\"_ _0\"></span>ecember20<span class=\"ls7 ws7\">21.  </span>Impact of the est<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mated qu<span class=\"_ _0\"></span>anti<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y of available oil<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">10%</span> Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>+10% Carrying value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span>biological<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s <span class=\"ws7\">- </span>palm oil<span class=\"ws7\"> </span>5 817<span class=\"ws7\"> </span>6 464<span class=\"ls7 ws7\"> </span>7 110<span class=\"ws7\"> </span>Gross Impact income statement <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>before tax)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">646</span> 646<span class=\"ls7 ws7\"> </span>The estimated sal<span class=\"_ _0\"></span>es price and <span class=\"_ _0\"></span>the estimated<span class=\"_ _0\"></span> cost<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> and charges a<span class=\"_ _0\"></span>re the actual<span class=\"_ _0\"></span> sales prices an<span class=\"_ _0\"></span>d costs at<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>me of cl<span class=\"_ _0\"></span>osing. T<span class=\"_ _0\"></span>he resultsfrom the change o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> fair value of the<span class=\"_ _0\"></span> palm fr<span class=\"_ _a\"></span>uit<span class=\"_ _0\"></span> ar<span class=\"_ _a\"></span>e incl<span class=\"_ _0\"></span>uded in <span class=\"ffc8 ws7\">\u2018<span class=\"_ _0\"></span></span><span class=\"ws165\">changes in fair value<span class=\"ws7\"> </span></span><span class=\"ffc8\">of biolog<span class=\"_ _0\"></span>ical assets\u2019</span><span class=\"ws7\">. </span>The bi<span class=\"_ _0\"></span>ological assets at the end<span class=\"_ _0\"></span> of Dece<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber al<span class=\"_ _0\"></span>so contain the<span class=\"_ _0\"></span> consumable<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>biolog<span class=\"_ _0\"></span>ica<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>assets <span class=\"_ _6\"></span>of<span class=\"_ _0\"></span> bananas <span class=\"_ _0\"></span>of our subsi<span class=\"_ _0\"></span>diary PlantationsJ. Eglin S<span class=\"_ _0\"></span>A.<span class=\"_ _a\"></span> <span class=\"ws7\">The <span class=\"_ _0\"></span></span>biologi<span class=\"_ _0\"></span>ca<span class=\"_ _6\"></span>l assets<span class=\"ws7\"> <span class=\"_ _0\"></span></span>of bananas <span class=\"ls156 ws194\">a<span class=\"_ _0\"></span>re</span><span class=\"ws7\"> </span>de<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ned as the ba<span class=\"_ _0\"></span>nana bunches whi<span class=\"_ _0\"></span>ch will be harvested in 3 <span class=\"_ _0\"></span>mont<span class=\"_ _a\"></span>hs, w<span class=\"_ _0\"></span>eighted attheir pro<span class=\"ws7\">-</span>rata fo<span class=\"_ _0\"></span>r each re<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>aini<span class=\"_ _0\"></span>ng harvest<span class=\"_ _a\"></span>ing month<span class=\"_ _0\"></span>. At 3 <span class=\"_ _0\"></span>mont<span class=\"_ _a\"></span>hs<span class=\"_ _0\"></span> before harvest, a<span class=\"_ _0\"></span> reliable <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ower count is done<span class=\"_ _0\"></span>, which is<span class=\"_ _0\"></span> used <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>odetermine the estimat<span class=\"_ _a\"></span>ed biol<span class=\"_ _0\"></span>ogical <span class=\"_ _0\"></span>asset<span class=\"_ _a\"></span>s<span class=\"ls14f ws18a\">. Th<span class=\"_ _0\"></span>e</span> <span class=\"_ _0\"></span><span class=\"ws15e\">net selling price to value the biological </span>asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _4\"></span>is determined as the current marketprices reduced by the <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>emaining costs to<span class=\"_ _0\"></span> sell the biolog<span class=\"_ _0\"></span>ica<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span> <span class=\"ws7\">assets<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span></span></span>The balance of <span class=\"ls14d ws161\">2022</span> <span class=\"_ _0\"></span>amounted <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o K<span class=\"_ _0\"></span>USD 4 472<span class=\"_ _0\"></span> (<span class=\"ls14d ws161\">202</span>1 <span class=\"_ _0\"></span>KUSD <span class=\"_ _0\"></span>2861) <span class=\"_ _0\"></span>and has <span class=\"ws7\">increased <span class=\"_ _0\"></span></span>due to the <span class=\"_ _0\"></span>mat<span class=\"_ _a\"></span>uring of<span class=\"ws7\"> <span class=\"_ _0\"></span></span>the new plantations in A<span class=\"_ _0\"></span>koud<span class=\"ws7\">i<span class=\"ws1a9\">\u00e9 and Lumen</span> <span class=\"_ _0\"></span></span>as we<span class=\"_ _a\"></span>ll as <span class=\"_ _0\"></span>an i<span class=\"_ _6\"></span>ncrease i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he net sellingprice used<span class=\"ls14f ws170\">. </span> Impact of the est<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>mated qu<span class=\"_ _0\"></span>anti<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>y of available bananas<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ls14d ws161\">10%</span> Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>+10% Carrying value<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the bi<span class=\"_ _0\"></span>ological asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls14d ws161\">bananas<span class=\"ls7 ws7\"> </span></span></span>4 025<span class=\"ws7\"> </span>4 472<span class=\"ws7\"> </span>4 919<span class=\"ws7\"> </span>Gross Impact income statement <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>before tax)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">447</span> 447<span class=\"ls7 ws7\"> </span>There are no restrictions, pledge<span class=\"_ _0\"></span>s or commitments in relation <span class=\"_ _0\"></span>to t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets of<span class=\"_ _a\"></span> the Group. <span class=\"_ _4\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBiologicalAssetsAndGovernmentGrantsForAgriculturalActivityExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-73-5": {
   "value": "14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-73-6": {
   "value": "14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-73-7": {
   "value": "14.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">OT<span class=\"_ _6\"></span>HER CURRENT<span class=\"_ _a\"></span> RECEI<span class=\"_ _a\"></span>VABLE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span> AND O<span class=\"_ _6\"></span>THER CURRENT PAYAB<span class=\"_ _6\"></span>LES<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>The \u2018other <span class=\"_ _0\"></span>receivables\u2019 <span class=\"_ _0\"></span>have <span class=\"_ _6\"></span>decreased wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h KUS<span class=\"_ _0\"></span>D 2 150 from<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>KUS<span class=\"_ _0\"></span>D 49 878 in<span class=\"_ _0\"></span> 2021 to <span class=\"ls152 ws191\">KU<span class=\"_ _0\"></span>SD 4</span>7 <span class=\"_ _6\"></span>728<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>in 2022<span class=\"ls15b ws1a8\">. </span>The other <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esmainly consi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> of VAT receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\">s </span>in the various entities, but al<span class=\"_ _0\"></span>so include a current account<span class=\"_ _0\"></span> with Verdant Bioscience P<span class=\"_ _0\"></span>TE Ltd (KUSD9 073 in 202<span class=\"_ _0\"></span>2 <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>KUSD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>8 588 in 202<span class=\"_ _0\"></span>1)<span class=\"_ _a\"></span>, a curren<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> account <span class=\"_ _0\"></span>with PT Mel<span class=\"_ _0\"></span>ania as it is classified as hel<span class=\"_ _0\"></span>d f<span class=\"_ _a\"></span>or sale (KUSD<span class=\"_ _0\"></span> 6 514 and K<span class=\"_ _0\"></span>USD5 211 KUS<span class=\"_ _0\"></span>D in 2021)<span class=\"ws7\"> </span>and the <span class=\"ws7\">smallholde<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> receivables <span class=\"ls159 ws166\">in</span> <span class=\"ws15f\">Hargy Oil<span class=\"_ _0\"></span> Palms Ltd. <span class=\"_ _0\"></span></span> </span>The <span class=\"_ _0\"></span>decr<span class=\"_ _a\"></span>ease <span class=\"ls151 ws172\">in<span class=\"_ _0\"></span> </span><span class=\"ffc8\">\u2018</span>other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>es<span class=\"ffc8 ws7\">\u2019<span class=\"ff9c\"> i<span class=\"_ _0\"></span>s explained <span class=\"_ _0\"></span></span></span>by some si<span class=\"_ _0\"></span>gnificant VAT se<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>tlements<span class=\"_ _0\"></span> in our<span class=\"_ _0\"></span> Indonesian subsidi<span class=\"_ _0\"></span>aries, a decrease o<span class=\"_ _0\"></span>KUSD 2 355 i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rent account towards PT Melania <span class=\"ls14d ws161\">and</span> <span class=\"ls14d ws161\">an </span>increase i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>T receivabl<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span>(<span class=\"_ _a\"></span>VAT recei<span class=\"_ _0\"></span>vable) in Hargy <span class=\"_ _0\"></span>O<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l PalmsLtd<span class=\"ls7 ws7\"> (<span class=\"ls170 ws1b0\">+ <span class=\"ls152 ws179\">KUSD </span></span><span class=\"ws165\">2 494</span>).<span class=\"ws166\">The remaini<span class=\"_ _0\"></span>ng </span>movement<span class=\"_ _6\"></span>s cons<span class=\"ws166\">i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> variou<span class=\"_ _0\"></span>s smaller items in <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the</span><span class=\"ws7\"> </span>different subsi<span class=\"_ _0\"></span>diaries.<span class=\"ws7\"> </span></span></span>The G<span class=\"ws166\">roup has calculated the expec<span class=\"_ _0\"></span>ted cr<span class=\"_ _a\"></span>edit<span class=\"_ _0\"></span> loss in accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS 9 and de<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>rmined it to be i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>material<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span></span>The \u2018other payabl<span class=\"_ _0\"></span>es\u2019 (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 1<span class=\"ws186\">4 437 in 202</span>2 <span class=\"_ _8\"> </span><span class=\"ws186\">and KUSD<span class=\"_ _0\"></span> <span class=\"ws17e\">11 519</span></span> <span class=\"_ _4\"></span><span class=\"ws186\">in 20<span class=\"ls14d ws161\">21</span><span class=\"ws17e\">) mainly concern</span></span> <span class=\"_ _8\"> </span>soci<span class=\"_ _0\"></span>al ob<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>igations (salaries to be paid,provisions for holi<span class=\"_ _0\"></span>day pay and bonus) <span class=\"ws165\">and have </span>increased<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n comparison to prior yea<span class=\"_ _0\"></span>r,<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mar<span class=\"_ _a\"></span>ily du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>an increased bonus p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovisionfollowing the better results o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the SIPE<span class=\"_ _0\"></span>F group in 202<span class=\"ws7\">2<span class=\"_ _0\"></span>. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-74-2": {
   "value": "15.<span class=\"ff9a\"> <span class=\"_\"> </span><span class=\"ffc9 ls15d ws1b1\">SHAREH<span class=\"_ _6\"></span>OLDERS\u2019 EQ<span class=\"_ _a\"></span>UITY <span class=\"ff99 ls7 ws7\"> </span></span></span>Capital stock and share pr<span class=\"_ _0\"></span>emium<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The issued <span class=\"_ _0\"></span>capital of t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> company as at D<span class=\"_ _0\"></span>ecember 31, <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amounts to<span class=\"_ _0\"></span> KUSD 44 73<span class=\"_ _0\"></span>4,<span class=\"_ _a\"></span> represented by 10<span class=\"_ _0\"></span> 579 328<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>ully pa<span class=\"_ _0\"></span>id ordinaryshares without nominal<span class=\"_ _0\"></span> value. <span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Difference Number of <span class=\"ws7\">shares </span>10 579 328<span class=\"ws7\"> </span>10 579 328<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Difference Capital  <span class=\"ws166\">44 734</span>  <span class=\"ws166\">44 734</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Share premium<span class=\"ws7\"> </span> <span class=\"ws165\">107 970</span>  <span class=\"ws165\">107 970</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">152 704</span>  <span class=\"ws165\">152 704</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>KU<span class=\"_ _0\"></span>SD<span class=\"ls7 ws7\"> </span>KU<span class=\"_ _0\"></span>SD<span class=\"ls7 ws7\"> </span>KEUR<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>KEUR<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Treasury shares <span class=\"ws7\">- </span>opening<span class=\"_ _0\"></span> balance<span class=\"ws7\"> </span> <span class=\"ws166\">11 521</span>  <span class=\"ws166\">10 277</span>  <span class=\"ws165\">9 490</span>  <span class=\"ws165\">8 389</span> Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion/sale <span class=\"ws166\">tr<span class=\"_ _a\"></span>easury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>  <span class=\"ls14d ws161\">67</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 244</span>   <span class=\"ls14d ws161\">59<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">1 101</span> Treasury shares <span class=\"ws7\">- </span>ending balance<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws166\">11 588</span>  <span class=\"ws166\">11 521</span>  <span class=\"ws165\">9 549</span>  <span class=\"ws165\">9 490</span> Since the sta<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> share<span class=\"_ _0\"></span> buy<span class=\"ws7\">-</span>back program on<span class=\"_ _0\"></span> 22 September 20<span class=\"_ _0\"></span>11, SIPEF has<span class=\"_ _0\"></span> bought back 1<span class=\"_ _0\"></span><span class=\"ls14d ws161\">78</span><span class=\"ws7\"> <span class=\"ls14d ws161\">933</span> </span>shares for a<span class=\"_ _0\"></span> total amount<span class=\"_ _0\"></span> ofKEUR <span class=\"_ _0\"></span><span class=\"ls14d ws161\">9 549</span><span class=\"ws160\">, corresponding to 1</span>.6<span class=\"ls14d ws161\">913</span>% of the total shares outstandi<span class=\"_ _0\"></span>ng,<span class=\"_ _a\"></span> as cover for a share option pl<span class=\"_ _0\"></span>an f<span class=\"_ _a\"></span>or the management. <span class=\"_ _0\"></span>Foradditional<span class=\"_ _0\"></span> i<span class=\"_ _6\"></span>nformation see note<span class=\"_ _0\"></span> 22.<span class=\"ws7\"> </span>Auth<span class=\"_ _0\"></span>ori<span class=\"ls7 ws7\">s<span class=\"ls153 ws17d\">ed c<span class=\"_ _0\"></span>apital<span class=\"_ _0\"></span></span> </span>The extraordinary ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al meeting<span class=\"_ _0\"></span> of sharehol<span class=\"_ _0\"></span>ders on June 10<span class=\"_ _0\"></span>, 2020 authori<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed the board of<span class=\"_ _0\"></span> directors <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> increase the<span class=\"_ _0\"></span> capital in oneor more operations by an a<span class=\"_ _0\"></span>mount of KUSD<span class=\"_ _0\"></span> 44 734 over a period<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>5 years after the publ<span class=\"_ _0\"></span>ication of the renewal<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Shar<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der str<span class=\"_ _0\"></span>uctur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The company has received<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>llowing<span class=\"_ _0\"></span> shareholders declarations: <span class=\"ws7\"> </span>Acti<span class=\"_ _a\"></span>ng in concer<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Number of shares <span class=\"_ _b8\"> </span><span class=\"ls156 ws194\">Date<span class=\"_ _0\"></span></span> <span class=\"_ _115\"> </span>Denominator<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> <span class=\"_ _a1\"> </span>% </span>Ackermans &amp; Van H<span class=\"_ _0\"></span>aar<span class=\"_ _a\"></span>en NV*<span class=\"_ _0\"></span><span class=\"ws7\"> </span>3 987 859<span class=\"ws7\"> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>37.695 Cabra NV**<span class=\"ws7\"> </span>1 001 032<span class=\"ws7\"> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>9.462 Cabra P**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Cabra T**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Cabra V**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Theodora Bracht**<span class=\"ws7\"> </span> <span class=\"ws165\">2 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.019 Priscilla Bracht**<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>0.000 Victoria Bracht**   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>0.000 Total votes acting in conce<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 290 891<span class=\"ws7\"> </span>50.011 * Incl<span class=\"_ _6\"></span>uding <span class=\"_ _6\"></span>178 0<span class=\"_ _6\"></span>00 own s<span class=\"_ _6\"></span>hares<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>** Gr<span class=\"_ _6\"></span>oup Br<span class=\"_ _a\"></span>ac<span class=\"_ _6\"></span>ht<span class=\"ls7 ws7\"> </span>Tr<span class=\"_ _0\"></span>anslation differ<span class=\"_ _0\"></span>ences<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>s o<span class=\"_ _0\"></span>f all the<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>erences rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> translation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> financial statements of<span class=\"_ _0\"></span> our subsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthe functional<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency is<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>erent <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> the presen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ation cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ency <span class=\"_ _0\"></span>of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _4\"></span><span class=\"ws7\">Group <span class=\"_ _4\"></span></span>(USD). The deviati<span class=\"_ _0\"></span>on from last<span class=\"_ _0\"></span> year i<span class=\"_ _0\"></span>s due to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hemovement of the U<span class=\"_ _0\"></span>SD versus the EUR (KUS<span class=\"_ _0\"></span>D <span class=\"ws7\">-<span class=\"ls14d ws161\">580</span>). </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening balance at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">10 666</span> -<span class=\"ws166\">11 038</span> Movement, full consoli<span class=\"_ _0\"></span>dation<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">580</span> - <span class=\"ls14d ws161\">719</span> Movement, change in consol<span class=\"_ _0\"></span>idation scope<span class=\"ws7\"> </span> 0 1 091<span class=\"ws7\"> </span>Ending balance at D<span class=\"_ _0\"></span>ecember 31<span class=\"ws7\"> </span>-<span class=\"ws166\">11 246</span> -<span class=\"ws166\">10 666</span> Chai<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol<span class=\"ls7 ws7\"> </span>1.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls155 ws18d\">Chai<span class=\"_ _6\"></span>n of control<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ls7 ws7\">above <span class=\"ws166\">Ackermans &amp; Van H<span class=\"_ _0\"></span>aaren NV</span> </span></span></span>I.<span class=\"ls7 ws7\"> <span class=\"_ _11c\"> </span>Ackermans <span class=\"ws166\">&amp; Van Haaren NV<span class=\"_ _0\"></span> is directly controlled by Scal<span class=\"_ _0\"></span>dis Invest<span class=\"_ _a\"></span> NV, a company inco<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>porated under Bel<span class=\"_ _0\"></span>gian law<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span></span></span>II.<span class=\"ls7 ws7\"> <span class=\"_ _11c\"> </span><span class=\"ws166\">Scal<span class=\"_ _0\"></span>dis Invest NV is directly controlled<span class=\"_ _0\"></span> by Belfimas NV, a company i<span class=\"_ _0\"></span>ncorporated under Bel<span class=\"_ _0\"></span>gian law.</span> </span>III.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Belfimas NV<span class=\"_ _0\"></span> is directly controlled by Cel<span class=\"_ _0\"></span>floor SA, a company incorporated under Luxembourg law<span class=\"_ _0\"></span>.</span> </span>IV.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Celfloor SA<span class=\"_ _0\"></span> is directly controlled by Apodi<span class=\"_ _0\"></span>a Int<span class=\"_ _6\"></span>ernational<span class=\"_ _0\"></span> Holding BV, a company incorporated under<span class=\"_ _0\"></span> Dutch law.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>V. <span class=\"_ _81\"> </span>Apodia International Hol<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing B<span class=\"_ _0\"></span>V is directly controll<span class=\"_ _0\"></span>ed by Palamount SA, a company incorporated under <span class=\"_ _0\"></span>Luxembourg lawVI.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span>Palamount <span class=\"ls15f ws165\">SA</span> <span class=\"ffcb ws166\">is directly controlled by S<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cht<span class=\"_ _a\"></span>ing admini<span class=\"_ _0\"></span>str<span class=\"_ _6\"></span>atieka<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>oor \u201cHet Torentje\u201d, incorpora<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> under Dutch law<span class=\"_ _0\"></span>.<span class=\"ff9c ws7\"> </span></span></span>VII.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ffcb ws166\">Stichting Admini<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ratiekantoor \u201cHet Torent<span class=\"_ _a\"></span>je\u201d is <span class=\"_ _0\"></span>the ultimate controlling<span class=\"_ _0\"></span> shareholder. <span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span></span></span>2.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls155 ws18d\">Chai<span class=\"_ _6\"></span>n of control<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ls7 ws7\">above <span class=\"ws165\">Cabra NV</span> </span></span></span>Priscilla Bracht, Theodora Brac<span class=\"ws166\">ht and<span class=\"_ _0\"></span> Victoria Bracht exercise joi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>control over Cabra N<span class=\"_ _0\"></span><span class=\"ws7\">V. </span></span>3. Chain of control abo<span class=\"_ _0\"></span>ve Cabra P NV, Cab<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>a T NV <span class=\"_ _0\"></span><span class=\"ws7\">and <span class=\"ls152 ws1cc\">Cabra V NV </span> </span>Cabra P N<span class=\"_ _0\"></span>V,<span class=\"_ _a\"></span> Cabra T N<span class=\"_ _0\"></span>V <span class=\"ls14d ws161\">and</span><span class=\"ws7\"> </span>Cabra V NV are controlled<span class=\"_ _0\"></span> by, respectivel<span class=\"_ _0\"></span>y,<span class=\"_ _6\"></span> P<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iscil<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>Br<span class=\"_ _a\"></span>acht, Theodora Bracht <span class=\"_ _0\"></span><span class=\"ls14d ws161\">and</span> Victoria Bracht.4<span class=\"ls155 ws18d\">. Chai<span class=\"_ _a\"></span>n of cont<span class=\"_ _a\"></span>rol above SIPEF<span class=\"ls7 ws7\"> </span></span>Ackermans &amp; van Haaren N<span class=\"_ _0\"></span>V and Gr<span class=\"_ _a\"></span>oup<span class=\"_ _0\"></span><span class=\"ws7\"> Bracht <span class=\"_ _a\"></span><span class=\"ws166\">jointl<span class=\"_ _0\"></span>y exer<span class=\"_ _a\"></span>cise con<span class=\"_ _0\"></span>trol over SIPEF.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-74-3": {
   "value": "15.<span class=\"ff9a\"> <span class=\"_\"> </span><span class=\"ffc9 ls15d ws1b1\">SHAREH<span class=\"_ _6\"></span>OLDERS\u2019 EQ<span class=\"_ _a\"></span>UITY <span class=\"ff99 ls7 ws7\"> </span></span></span>Capital stock and share pr<span class=\"_ _0\"></span>emium<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The issued <span class=\"_ _0\"></span>capital of t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> company as at D<span class=\"_ _0\"></span>ecember 31, <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amounts to<span class=\"_ _0\"></span> KUSD 44 73<span class=\"_ _0\"></span>4,<span class=\"_ _a\"></span> represented by 10<span class=\"_ _0\"></span> 579 328<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>ully pa<span class=\"_ _0\"></span>id ordinaryshares without nominal<span class=\"_ _0\"></span> value. <span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Difference Number of <span class=\"ws7\">shares </span>10 579 328<span class=\"ws7\"> </span>10 579 328<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Difference Capital  <span class=\"ws166\">44 734</span>  <span class=\"ws166\">44 734</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Share premium<span class=\"ws7\"> </span> <span class=\"ws165\">107 970</span>  <span class=\"ws165\">107 970</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span> <span class=\"ws165\">152 704</span>  <span class=\"ws165\">152 704</span>   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>KU<span class=\"_ _0\"></span>SD<span class=\"ls7 ws7\"> </span>KU<span class=\"_ _0\"></span>SD<span class=\"ls7 ws7\"> </span>KEUR<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>KEUR<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Treasury shares <span class=\"ws7\">- </span>opening<span class=\"_ _0\"></span> balance<span class=\"ws7\"> </span> <span class=\"ws166\">11 521</span>  <span class=\"ws166\">10 277</span>  <span class=\"ws165\">9 490</span>  <span class=\"ws165\">8 389</span> Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion/sale <span class=\"ws166\">tr<span class=\"_ _a\"></span>easury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>  <span class=\"ls14d ws161\">67</span><span class=\"ws7\"> </span> <span class=\"ws165\">1 244</span>   <span class=\"ls14d ws161\">59<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span> <span class=\"ws165\">1 101</span> Treasury shares <span class=\"ws7\">- </span>ending balance<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws166\">11 588</span>  <span class=\"ws166\">11 521</span>  <span class=\"ws165\">9 549</span>  <span class=\"ws165\">9 490</span> Since the sta<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> share<span class=\"_ _0\"></span> buy<span class=\"ws7\">-</span>back program on<span class=\"_ _0\"></span> 22 September 20<span class=\"_ _0\"></span>11, SIPEF has<span class=\"_ _0\"></span> bought back 1<span class=\"_ _0\"></span><span class=\"ls14d ws161\">78</span><span class=\"ws7\"> <span class=\"ls14d ws161\">933</span> </span>shares for a<span class=\"_ _0\"></span> total amount<span class=\"_ _0\"></span> ofKEUR <span class=\"_ _0\"></span><span class=\"ls14d ws161\">9 549</span><span class=\"ws160\">, corresponding to 1</span>.6<span class=\"ls14d ws161\">913</span>% of the total shares outstandi<span class=\"_ _0\"></span>ng,<span class=\"_ _a\"></span> as cover for a share option pl<span class=\"_ _0\"></span>an f<span class=\"_ _a\"></span>or the management. <span class=\"_ _0\"></span>Foradditional<span class=\"_ _0\"></span> i<span class=\"_ _6\"></span>nformation see note<span class=\"_ _0\"></span> 22.<span class=\"ws7\"> </span>Auth<span class=\"_ _0\"></span>ori<span class=\"ls7 ws7\">s<span class=\"ls153 ws17d\">ed c<span class=\"_ _0\"></span>apital<span class=\"_ _0\"></span></span> </span>The extraordinary ge<span class=\"_ _0\"></span>ner<span class=\"_ _a\"></span>al meeting<span class=\"_ _0\"></span> of sharehol<span class=\"_ _0\"></span>ders on June 10<span class=\"_ _0\"></span>, 2020 authori<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed the board of<span class=\"_ _0\"></span> directors <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> increase the<span class=\"_ _0\"></span> capital in oneor more operations by an a<span class=\"_ _0\"></span>mount of KUSD<span class=\"_ _0\"></span> 44 734 over a period<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>5 years after the publ<span class=\"_ _0\"></span>ication of the renewal<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span>Shar<span class=\"_ _0\"></span>ehol<span class=\"_ _0\"></span>der str<span class=\"_ _0\"></span>uctur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The company has received<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>llowing<span class=\"_ _0\"></span> shareholders declarations: <span class=\"ws7\"> </span>Acti<span class=\"_ _a\"></span>ng in concer<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Number of shares <span class=\"_ _b8\"> </span><span class=\"ls156 ws194\">Date<span class=\"_ _0\"></span></span> <span class=\"_ _115\"> </span>Denominator<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> <span class=\"_ _a1\"> </span>% </span>Ackermans &amp; Van H<span class=\"_ _0\"></span>aar<span class=\"_ _a\"></span>en NV*<span class=\"_ _0\"></span><span class=\"ws7\"> </span>3 987 859<span class=\"ws7\"> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>37.695 Cabra NV**<span class=\"ws7\"> </span>1 001 032<span class=\"ws7\"> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>9.462 Cabra P**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Cabra T**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Cabra V**<span class=\"ws7\"> </span> <span class=\"ws165\">100 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.945 Theodora Bracht**<span class=\"ws7\"> </span> <span class=\"ws165\">2 000</span> 24/08/2022 10 579 328<span class=\"ws7\"> </span>0.019 Priscilla Bracht**<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>0.000 Victoria Bracht**   <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>24/08/2022 10 579 328<span class=\"ws7\"> </span>0.000 Total votes acting in conce<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 290 891<span class=\"ws7\"> </span>50.011 * Incl<span class=\"_ _6\"></span>uding <span class=\"_ _6\"></span>178 0<span class=\"_ _6\"></span>00 own s<span class=\"_ _6\"></span>hares<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>** Gr<span class=\"_ _6\"></span>oup Br<span class=\"_ _a\"></span>ac<span class=\"_ _6\"></span>ht<span class=\"ls7 ws7\"> </span>Tr<span class=\"_ _0\"></span>anslation differ<span class=\"_ _0\"></span>ences<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Translation di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>s o<span class=\"_ _0\"></span>f all the<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>erences rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> translation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> financial statements of<span class=\"_ _0\"></span> our subsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es f<span class=\"_ _6\"></span>or w<span class=\"_ _0\"></span>hichthe functional<span class=\"_ _0\"></span> cur<span class=\"_ _a\"></span>rency is<span class=\"_ _0\"></span> diff<span class=\"_ _a\"></span>erent <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> the presen<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ation cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ency <span class=\"_ _0\"></span>of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he <span class=\"_ _4\"></span><span class=\"ws7\">Group <span class=\"_ _4\"></span></span>(USD). The deviati<span class=\"_ _0\"></span>on from last<span class=\"_ _0\"></span> year i<span class=\"_ _0\"></span>s due to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>hemovement of the U<span class=\"_ _0\"></span>SD versus the EUR (KUS<span class=\"_ _0\"></span>D <span class=\"ws7\">-<span class=\"ls14d ws161\">580</span>). </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening balance at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">10 666</span> -<span class=\"ws166\">11 038</span> Movement, full consoli<span class=\"_ _0\"></span>dation<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">580</span> - <span class=\"ls14d ws161\">719</span> Movement, change in consol<span class=\"_ _0\"></span>idation scope<span class=\"ws7\"> </span> 0 1 091<span class=\"ws7\"> </span>Ending balance at D<span class=\"_ _0\"></span>ecember 31<span class=\"ws7\"> </span>-<span class=\"ws166\">11 246</span> -<span class=\"ws166\">10 666</span> Divide<span class=\"_ _a\"></span>nds<span class=\"_ _0\"></span> On February 1<span class=\"ws7\">4</span>, 20<span class=\"ws7\">23 </span>a di<span class=\"_ _0\"></span>vidend of KEUR<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>31<span class=\"_ _0\"></span> 738 (<span class=\"_ _6\"></span>EUR 3.<span class=\"ls14d ws161\">00</span> gross per or<span class=\"_ _a\"></span>dinary share) has<span class=\"_ _0\"></span> been <span class=\"ws7\">proposed </span>by the board of<span class=\"_ _0\"></span> director<span class=\"_ _a\"></span>sbut has not yet been approved by the general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng of shareholders of SIPEF and is therefore not provided fo<span class=\"_ _0\"></span>r in the financ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>alstatem<span class=\"_ _a\"></span>ents as at<span class=\"_ _0\"></span> December 31, 202<span class=\"_ _0\"></span><span class=\"ws7\">2. </span>Capital m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent<span class=\"ls7\"> </span>The capital<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>ructure o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span><span class=\"ws7\">Group </span>is based <span class=\"_ _0\"></span>on the financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>rategy as defined by <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board of directors. Summarized, <span class=\"_ _0\"></span>this str<span class=\"_ _a\"></span>ategyconsists of an expansion po<span class=\"_ _0\"></span>licy whil<span class=\"_ _0\"></span>e respect<span class=\"_ _a\"></span>ing a very li<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ited debt <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ati<span class=\"_ _0\"></span>o.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he management puts forward yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ly the plan fo<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovalby the board of directo<span class=\"_ _0\"></span>rs.<span class=\"ws7\"> </span>Chai<span class=\"_ _0\"></span>n of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol<span class=\"ls7 ws7\"> </span>1.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls155 ws18d\">Chai<span class=\"_ _6\"></span>n of control<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ls7 ws7\">above <span class=\"ws166\">Ackermans &amp; Van H<span class=\"_ _0\"></span>aaren NV</span> </span></span></span>I.<span class=\"ls7 ws7\"> <span class=\"_ _11c\"> </span>Ackermans <span class=\"ws166\">&amp; Van Haaren NV<span class=\"_ _0\"></span> is directly controlled by Scal<span class=\"_ _0\"></span>dis Invest<span class=\"_ _a\"></span> NV, a company inco<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>porated under Bel<span class=\"_ _0\"></span>gian law<span class=\"_ _0\"></span>.<span class=\"ws7\"> </span></span></span>II.<span class=\"ls7 ws7\"> <span class=\"_ _11c\"> </span><span class=\"ws166\">Scal<span class=\"_ _0\"></span>dis Invest NV is directly controlled<span class=\"_ _0\"></span> by Belfimas NV, a company i<span class=\"_ _0\"></span>ncorporated under Bel<span class=\"_ _0\"></span>gian law.</span> </span>III.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Belfimas NV<span class=\"_ _0\"></span> is directly controlled by Cel<span class=\"_ _0\"></span>floor SA, a company incorporated under Luxembourg law<span class=\"_ _0\"></span>.</span> </span>IV.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ws166\">Celfloor SA<span class=\"_ _0\"></span> is directly controlled by Apodi<span class=\"_ _0\"></span>a Int<span class=\"_ _6\"></span>ernational<span class=\"_ _0\"></span> Holding BV, a company incorporated under<span class=\"_ _0\"></span> Dutch law.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>V. <span class=\"_ _81\"> </span>Apodia International Hol<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>ing B<span class=\"_ _0\"></span>V is directly controll<span class=\"_ _0\"></span>ed by Palamount SA, a company incorporated under <span class=\"_ _0\"></span>Luxembourg lawVI.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span>Palamount <span class=\"ls15f ws165\">SA</span> <span class=\"ffcb ws166\">is directly controlled by S<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cht<span class=\"_ _a\"></span>ing admini<span class=\"_ _0\"></span>str<span class=\"_ _6\"></span>atieka<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>oor \u201cHet Torentje\u201d, incorpora<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> under Dutch law<span class=\"_ _0\"></span>.<span class=\"ff9c ws7\"> </span></span></span>VII.<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> <span class=\"_ _81\"> </span><span class=\"ffcb ws166\">Stichting Admini<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>ratiekantoor \u201cHet Torent<span class=\"_ _a\"></span>je\u201d is <span class=\"_ _0\"></span>the ultimate controlling<span class=\"_ _0\"></span> shareholder. <span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span></span></span>2.<span class=\"ls7 ws7\"> <span class=\"_ _d\"> </span><span class=\"ls155 ws18d\">Chai<span class=\"_ _6\"></span>n of control<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ls7 ws7\">above <span class=\"ws165\">Cabra NV</span> </span></span></span>Priscilla Bracht, Theodora Brac<span class=\"ws166\">ht and<span class=\"_ _0\"></span> Victoria Bracht exercise joi<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>control over Cabra N<span class=\"_ _0\"></span><span class=\"ws7\">V. </span></span>3. Chain of control abo<span class=\"_ _0\"></span>ve Cabra P NV, Cab<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>a T NV <span class=\"_ _0\"></span><span class=\"ws7\">and <span class=\"ls152 ws1cc\">Cabra V NV </span> </span>Cabra P N<span class=\"_ _0\"></span>V,<span class=\"_ _a\"></span> Cabra T N<span class=\"_ _0\"></span>V <span class=\"ls14d ws161\">and</span><span class=\"ws7\"> </span>Cabra V NV are controlled<span class=\"_ _0\"></span> by, respectivel<span class=\"_ _0\"></span>y,<span class=\"_ _6\"></span> P<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>iscil<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>Br<span class=\"_ _a\"></span>acht, Theodora Bracht <span class=\"_ _0\"></span><span class=\"ls14d ws161\">and</span> Victoria Bracht.4<span class=\"ls155 ws18d\">. Chai<span class=\"_ _a\"></span>n of cont<span class=\"_ _a\"></span>rol above SIPEF<span class=\"ls7 ws7\"> </span></span>Ackermans &amp; van Haaren N<span class=\"_ _0\"></span>V and Gr<span class=\"_ _a\"></span>oup<span class=\"_ _0\"></span><span class=\"ws7\"> Bracht <span class=\"_ _a\"></span><span class=\"ws166\">jointl<span class=\"_ _0\"></span>y exer<span class=\"_ _a\"></span>cise con<span class=\"_ _0\"></span>trol over SIPEF.<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-76-3": {
   "value": "Divide<span class=\"_ _a\"></span>nds<span class=\"_ _0\"></span> On February 1<span class=\"ws7\">4</span>, 20<span class=\"ws7\">23 </span>a di<span class=\"_ _0\"></span>vidend of KEUR<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>31<span class=\"_ _0\"></span> 738 (<span class=\"_ _6\"></span>EUR 3.<span class=\"ls14d ws161\">00</span> gross per or<span class=\"_ _a\"></span>dinary share) has<span class=\"_ _0\"></span> been <span class=\"ws7\">proposed </span>by the board of<span class=\"_ _0\"></span> director<span class=\"_ _a\"></span>sbut has not yet been approved by the general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ng of shareholders of SIPEF and is therefore not provided fo<span class=\"_ _0\"></span>r in the financ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>alstatem<span class=\"_ _a\"></span>ents as at<span class=\"_ _0\"></span> December 31, 202<span class=\"_ _0\"></span><span class=\"ws7\">2. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-77-3": {
   "value": "Capital m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent<span class=\"ls7\"> </span>The capital<span class=\"_ _0\"></span> st<span class=\"_ _6\"></span>ructure o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> the <span class=\"_ _0\"></span><span class=\"ws7\">Group </span>is based <span class=\"_ _0\"></span>on the financial<span class=\"_ _0\"></span> st<span class=\"_ _a\"></span>rategy as defined by <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board of directors. Summarized, <span class=\"_ _0\"></span>this str<span class=\"_ _a\"></span>ategyconsists of an expansion po<span class=\"_ _0\"></span>licy whil<span class=\"_ _0\"></span>e respect<span class=\"_ _a\"></span>ing a very li<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ited debt <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ati<span class=\"_ _0\"></span>o.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he management puts forward yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ly the plan fo<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ovalby the board of directo<span class=\"_ _0\"></span>rs.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-79-2": {
   "value": "16.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">NON</span>-<span class=\"ls150 ws16e\">C<span class=\"_ _0\"></span>ONTROLLI<span class=\"_ _0\"></span>NG INTERES<span class=\"_ _0\"></span>TS<span class=\"_ _0\"></span></span>  According to<span class=\"ws7\"> previous </span>Indonesian law, no foreign inve<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>was a<span class=\"_ _6\"></span>ll<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>wed to own more than 95% of<span class=\"_ _a\"></span> the shares of a plantation company.Therefore, <span class=\"_ _8\"> </span><span class=\"ws173\">most of the</span> <span class=\"_ _9\"> </span><span class=\"ws173\">Indonesian subsi<span class=\"_ _0\"></span>diaries have at least a 5% non<span class=\"_ _0\"></span></span>-cont<span class=\"_ _6\"></span>rol<span class=\"_ _0\"></span>ling interest. The non<span class=\"ws7\">-</span>controlling i<span class=\"_ _0\"></span>nter<span class=\"_ _a\"></span>ests of ourIndonesian subsi<span class=\"_ _0\"></span>diari<span class=\"_ _a\"></span>es mainly con<span class=\"_ _0\"></span>sist of<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span>e Indonesian p<span class=\"_ _0\"></span>ension f<span class=\"_ _0\"></span>und. Following an al<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>eration in the<span class=\"_ _0\"></span> law in 20<span class=\"_ _0\"></span><span class=\"ls14d ws161\">20</span>, f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eign i<span class=\"_ _0\"></span>nvest<span class=\"_ _a\"></span>orsare now all<span class=\"_ _0\"></span>ow<span class=\"ls14d ws161\">ed</span><span class=\"ws7\"> <span class=\"ws165\">to own </span>virtually </span>100% of the shares of<span class=\"_ _0\"></span> a plantation company. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The table bel<span class=\"_ _0\"></span>ow presents t<span class=\"_ _a\"></span>he non<span class=\"ws7\">-</span>cont<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>ing interests per com<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>ny, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>heir share o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he eq<span class=\"_ _0\"></span>uity and <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he profit of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he yea<span class=\"_ _0\"></span>r.<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Share of Share of % No<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">-</span>% No<span class=\"_ _0\"></span>n<span class=\"ls7 ws7\">-</span>Share of the pr<span class=\"_ _a\"></span>ofi<span class=\"_ _a\"></span>t Share of the pr<span class=\"_ _a\"></span>ofi<span class=\"_ _a\"></span>t In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing the equity<span class=\"ws7\"> </span>of th<span class=\"_ _0\"></span>e the equity<span class=\"ws7\"> </span>of th<span class=\"_ _0\"></span>e intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>PT Tol<span class=\"_ _0\"></span>an Tiga Indonesia<span class=\"ws7\"> </span>5.00 21 823<span class=\"ws7\"> </span>1 106<span class=\"ls7 ws7\"> </span>5.00 20 610<span class=\"ws7\"> </span>1 344<span class=\"ws7\"> </span>PT Eastern Sumatra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>9.75 6 813<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">709</span> 9.75 6 105<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">509</span> PT Kerasaan Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>45.85 6 197<span class=\"ws7\"> </span>2 029<span class=\"ws7\"> </span>45.85 6 004<span class=\"ws7\"> </span>1 774<span class=\"ws7\"> </span>PT Banda<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> S<span class=\"_ _0\"></span>umat<span class=\"_ _6\"></span>ra Indonesi<span class=\"_ _0\"></span>a<span class=\"ws7\"> </span>9.75 1 018<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">121</span> 9.75 1 139<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">125</span> PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span>2.75  <span class=\"ls14d ws161\">235</span>  0 2.75  <span class=\"ls14d ws161\">235</span> - 3 PT Mukomuko Agro Sej<span class=\"_ _0\"></span>aht<span class=\"_ _a\"></span>era<span class=\"ws7\"> </span>14.26 - <span class=\"ls14d ws161\">447</span> - <span class=\"ls14d ws161\">104</span> 14.26 - <span class=\"ls14d ws161\">343</span>  <span class=\"ls14d ws161\">20</span> PT Umbul<span class=\"_ _0\"></span> M<span class=\"_ _a\"></span>as Wisesa<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5.10 - <span class=\"ls14d ws161\">68</span>  <span class=\"ls14d ws161\">469</span> 5.10 - <span class=\"ls14d ws161\">537</span>  <span class=\"ls14d ws161\">248</span> PT Ci<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ra Sawi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> Mandi<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>i<span class=\"ws7\"> </span>5.10 - <span class=\"ls14d ws161\">182</span>  <span class=\"ls14d ws161\">18</span> 5.10 - <span class=\"ls14d ws161\">201</span>  <span class=\"ls14d ws161\">63</span> PT Toton Usah<span class=\"_ _0\"></span>a M<span class=\"_ _a\"></span>andiri<span class=\"ws7\"> </span>5.10  <span class=\"ls14d ws161\">244</span>  <span class=\"ls14d ws161\">86</span> 5.10  <span class=\"ls14d ws161\">156</span>  <span class=\"ls14d ws161\">97</span> PT Agro Raw<span class=\"_ _0\"></span>as Ulu<span class=\"ws7\"> </span>5.00 - <span class=\"ls14d ws161\">330</span> - <span class=\"ls14d ws161\">136</span> 5.00 - <span class=\"ls14d ws161\">194</span> - <span class=\"ls14d ws161\">22</span> PT Agro Kati La<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>a<span class=\"ws7\"> </span>5.00 - <span class=\"ls14d ws161\">974</span> - <span class=\"ls14d ws161\">277</span> 5.00 - <span class=\"ls14d ws161\">700</span> - <span class=\"ls14d ws161\">24</span> PT Agro Muara Rupit<span class=\"ws7\"> </span>5.10 - <span class=\"ls14d ws161\">564</span> - <span class=\"ls14d ws161\">300</span> 5.10 - <span class=\"ls14d ws161\">264</span> - <span class=\"ls14d ws161\">126</span> PT Agro Muko<span class=\"ws7\"> </span>5.00 1 344<span class=\"ws7\"> </span>1 170<span class=\"ws7\"> </span>9.75 9 259<span class=\"ws7\"> </span>2 391<span class=\"ws7\"> </span>PT Den<span class=\"_ _0\"></span>dym<span class=\"_ _a\"></span>arker Indah Lestar<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span><span class=\"ws7\"> </span>5.00 -<span class=\"ws165\">2 710</span> - <span class=\"ls14d ws161\">351</span> 5.00 -<span class=\"ws165\">2 358</span> - <span class=\"ls14d ws161\">425</span> Jabelmalux S<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span><span class=\"ws7\"> </span>0.11 - <span class=\"ls14d ws161\">58</span>  0 0.11 - <span class=\"ls14d ws161\">59</span>  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>32 341<span class=\"ws7\"> </span>4 298<span class=\"ws7\"> </span>38 854<span class=\"ws7\"> </span>5 722<span class=\"ws7\"> </span>The non<span class=\"ws7\">-</span>controlli<span class=\"_ _0\"></span>ng interest<span class=\"_ _a\"></span>'s share of the property<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ant and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent (including<span class=\"_ _0\"></span> bio<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ogical assets <span class=\"_ _0\"></span>-<span class=\"_ _a\"></span> <span class=\"_ _4\"></span>bearer<span class=\"_ _0\"></span> plants)<span class=\"_ _a\"></span> amounts toKUS<span class=\"_ _6\"></span>D <span class=\"_ _a\"></span>29 787 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>2022 <span class=\"_ _6\"></span>(<span class=\"ls14d ws161\">202</span>1: KUS<span class=\"_ _6\"></span>D 35 <span class=\"_ _6\"></span>091). <span class=\"_ _6\"></span>In 2022, <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>T Tolan Tiga purchased the remaining 5% shares from the <span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nority shareholde<span class=\"_ _0\"></span>in PT A<span class=\"_ _0\"></span>gro M<span class=\"_ _a\"></span>uko for an amount of<span class=\"_ _a\"></span> USD<span class=\"_ _0\"></span> 5.<span class=\"_ _a\"></span>5 million. <span class=\"_ _0\"></span>Due to t<span class=\"_ _a\"></span>his transaction the Group\u2019s interest percentage in PT Agro Muko increasedby 4.75%.<span class=\"ws7\"> </span>The movements of the yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> can<span class=\"_ _0\"></span> be summ<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>zed as follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>At th<span class=\"_ _0\"></span>e end<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ls155 ws18d\">prece<span class=\"_ _a\"></span>ding per<span class=\"_ _a\"></span>iod<span class=\"ls7 ws7\"> </span></span>38 854<span class=\"ws7\"> </span>35 862<span class=\"ws7\"> </span>Profit for the period<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span>ributable to non<span class=\"ws7\">-</span>controll<span class=\"_ _0\"></span>ing interests<span class=\"ws7\"> </span>4 298<span class=\"ws7\"> </span>5 722<span class=\"ws7\"> </span>Defined B<span class=\"_ _0\"></span>enef<span class=\"_ _a\"></span>it Plans <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls152 ws179\">IAS19R<span class=\"ls7 ws7\"> </span></span></span>- 7  2 Distributed divi<span class=\"_ _0\"></span>dends<span class=\"ws7\"> </span>-<span class=\"ws165\">1 720</span> -<span class=\"ws165\">2 306</span> Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion 5% minority shares PT Agro Muko<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">9 083</span>  0 Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> 0 - <span class=\"ls14d ws161\">426</span> At the<span class=\"_ _a\"></span> end of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>32 341<span class=\"ws7\"> </span>38 854<span class=\"ws7\"> </span>The distributed divi<span class=\"_ _0\"></span>dends to non<span class=\"ws7\">-</span>controlling i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erests consist of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>PT Kerasaan Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>1 720<span class=\"ws7\"> </span>1 376<span class=\"ws7\"> </span>PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> 0  <span class=\"ls14d ws161\">930</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 720<span class=\"ws7\"> </span>2 306<span class=\"ws7\"> </span>The divi<span class=\"_ _0\"></span>dend fr<span class=\"_ _a\"></span>om PT <span class=\"ws7\">Kerasaan<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls14d ws161\">has<span class=\"ls7 ws7\"> <span class=\"ws166\">been de<span class=\"_ _0\"></span>clared</span> </span>and <span class=\"_ _6\"></span><span class=\"ls7 ws7\">pa<span class=\"_ _0\"></span>id <span class=\"ws165\">in 202</span>2. </span></span></span>There are no li<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ations to the transfer of <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>un<span class=\"_ _0\"></span>ds.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he non<span class=\"ws7\">-</span>controll<span class=\"_ _0\"></span>ing inter<span class=\"_ _a\"></span>ests have no <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ights to use the assets o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> Group <span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> to <span class=\"_ _0\"></span>repaythe liabilities <span class=\"_ _0\"></span>of<span class=\"_ _6\"></span> the subsidiaries. The non<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>contr<span class=\"ws15e\">olling interests do not have significant protective rights.</span> <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>her<span class=\"_ _a\"></span>e are no restrictions torealise assets and settle liab<span class=\"_ _0\"></span>ilities of subsidiaries. <span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-81-2": {
   "value": "17.<span class=\"ff9a\"> <span class=\"_\"> </span></span>PROVISIONS In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Provision  <span class=\"ls14d ws161\">767</span> 1 125<span class=\"ws7\"> </span>The provisi<span class=\"_ _0\"></span>ons ar<span class=\"_ _a\"></span>e entirely related<span class=\"_ _0\"></span> to a VAT<span class=\"_ _0\"></span> dispute in <span class=\"_ _0\"></span>Indonesia (KU<span class=\"_ _0\"></span>SD 767). <span class=\"_ _6\"></span>During <span class=\"ls14d ws161\">20</span>22, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e have been a<span class=\"_ _0\"></span> <span class=\"ws7\">number </span>of court caseswhich w<span class=\"_ _0\"></span>ere set<span class=\"_ _6\"></span>tled<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>mainl<span class=\"_ _0\"></span>y in our <span class=\"_ _0\"></span>favour. It is difficult to make an estim<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the sett<span class=\"_ _a\"></span>lement time of<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he dispute. <span class=\"_ _6\"></span>The <span class=\"_ _0\"></span>remaining provisi<span class=\"_ _0\"></span>onsis estimated based on <span class=\"_ _0\"></span>the r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>tio of the settled court<span class=\"_ _0\"></span> cases in favour o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> SIPEF compared <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o the to<span class=\"_ _0\"></span>tal court<span class=\"_ _a\"></span> cases<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>emaining<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> <span class=\"_ _4\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-82-2": {
   "value": "18.<span class=\"ff9a\"> <span class=\"_\"> </span></span>PENSION LIABIL<span class=\"_ _a\"></span>ITIES<span class=\"_ _0\"></span> Defi<span class=\"_ _0\"></span>ned be<span class=\"_ _0\"></span>nefi<span class=\"_ _0\"></span>t plans<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Pension<span class=\"_ _0\"></span> liabil<span class=\"_ _a\"></span>ities mainl<span class=\"_ _0\"></span>y r<span class=\"_ _a\"></span>epresent define<span class=\"_ _0\"></span>d benefit plans i<span class=\"_ _0\"></span>n Indonesia. These<span class=\"_ _0\"></span> pension pl<span class=\"_ _0\"></span>ans,<span class=\"_ _6\"></span> se<span class=\"_ _0\"></span>t up i<span class=\"_ _0\"></span>n order to<span class=\"_ _0\"></span> pay <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span> lump sum a<span class=\"_ _0\"></span>mountat the time<span class=\"_ _0\"></span> of retirem<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>, are no<span class=\"_ _0\"></span>t financed wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h a third<span class=\"_ _0\"></span> par<span class=\"_ _a\"></span>ty. The<span class=\"_ _0\"></span> total number of employees <span class=\"_ _0\"></span>affect<span class=\"_ _a\"></span>ed by<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pension plan am<span class=\"_ _0\"></span>ounts to8 223<span class=\"ls7 ws166\">. The pension plan<span class=\"_ _0\"></span> is payable to an employee at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he age o<span class=\"_ _0\"></span>f 55 or after 30<span class=\"_ _0\"></span> years of seniority, whi<span class=\"_ _0\"></span>chever comes firs<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span></span>Since the pensi<span class=\"_ _0\"></span>on plan is<span class=\"_ _0\"></span> adjusted by fu<span class=\"_ _0\"></span>tur<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> salary increases and <span class=\"_ _0\"></span>discount rates,<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> pension plan i<span class=\"_ _0\"></span>s exposed to<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>nd<span class=\"_ _0\"></span>onesia's <span class=\"_ _4\"></span>fu<span class=\"_ _0\"></span>turesalary expectations, as well<span class=\"_ _0\"></span> as I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a's inflation and interest r<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>te risk. Furthermore, the pensi<span class=\"_ _0\"></span>on plan is payabl<span class=\"_ _0\"></span>e in In<span class=\"_ _0\"></span>donesianRupiah<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> exp<span class=\"_ _0\"></span>osing it to a curr<span class=\"_ _a\"></span>ency <span class=\"_ _0\"></span>risk. We refer to note <span class=\"_ _0\"></span><span class=\"ws7\">26 </span>f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> further details con<span class=\"_ _0\"></span>cer<span class=\"_ _a\"></span>ning the currency risk o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span>. As <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> pensionplan i<span class=\"_ _0\"></span>s unf<span class=\"_ _a\"></span>unded, there is no<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>isk relating to<span class=\"_ _0\"></span> a return on pl<span class=\"_ _0\"></span>an assets.<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The follow<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ng reconciliation summarizes the variation<span class=\"_ _0\"></span> of total pensi<span class=\"_ _0\"></span>on liabilities between <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span><span class=\"ws7\">1 <span class=\"ws165\">and 20</span>22: </span>Chang<span class=\"_ _0\"></span>e Pension Translation In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> <span class=\"_ _d7\"> </span><span class=\"ls14d ws161\">2021</span> </span>Payment <span class=\"_ _114\"> </span>E<span class=\"_ _0\"></span>xchange consoli<span class=\"_ _6\"></span>dation Othe<span class=\"_ _0\"></span>r <span class=\"_ _6d\"> </span><span class=\"ls14d ws161\">2022</span> cost difference scope<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Indonesia 21 498<span class=\"ws7\"> </span>1 375<span class=\"ws7\"> </span>-<span class=\"ws165\">1 064</span> -<span class=\"ws165\">2 009</span>  0  0  0 19 80<span class=\"ws7\">2 </span>Ivory <span class=\"_ _a\"></span>Coast<span class=\"_ _0\"></span>  <span class=\"ls14d ws161\">793</span>  9 - <span class=\"ls14d ws161\">76</span>  0 - <span class=\"ls14d ws161\">49</span>  0 - <span class=\"ls14d ws161\">31</span>  <span class=\"ls14d ws161\">646</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>22 291<span class=\"ws7\"> </span>1 384<span class=\"ws7\"> </span>-<span class=\"ws165\">1 140</span> -<span class=\"ws165\">2 009</span> - <span class=\"ls14d ws161\">49</span>  0 - <span class=\"ls14d ws161\">31</span> 20 44<span class=\"ws7\">8 </span>The follow<span class=\"_ _0\"></span>i<span class=\"_ _a\"></span>ng assumptions are used in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> pension calculation<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> In<span class=\"_ _0\"></span>donesia: <span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Discount rate<span class=\"ws7\"> </span>7.25% 7.50% Future salary <span class=\"ws7\">increases </span>5.00% 5.00% 55 years or 30 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> 55 years or 30 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> Assumed retirement age<span class=\"ws7\"> </span>seniority seniority Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>liabilities in Indonesi<span class=\"_ _0\"></span>a have changed as follows:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening 21 498<span class=\"ws7\"> </span>24 039<span class=\"ws7\"> </span>Service cost<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">116</span> 3 060<span class=\"ws7\"> </span>Inter<span class=\"_ _a\"></span>est cost<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 366<span class=\"ws7\"> </span>1 386<span class=\"ws7\"> </span>Benefits paid<span class=\"ws7\"> </span>-<span class=\"ws165\">1 064</span> -<span class=\"ws165\">1 688</span> Actuarial gai<span class=\"_ _0\"></span>ns and losses<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">126</span>  <span class=\"ls14d ws161\">638</span> Exchange di<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ferences<span class=\"ws7\"> </span>-<span class=\"ws165\">2 009</span> - <span class=\"ls14d ws161\">214</span> Change con<span class=\"_ _0\"></span>sol<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion scope<span class=\"ws7\"> </span> 0 -<span class=\"ws165\">5 724</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> 0  0 Closi<span class=\"_ _a\"></span>ng<span class=\"ls7 ws7\"> </span>19 801<span class=\"ws7\"> </span>21 498<span class=\"ws7\"> </span>A<span class=\"ws166\">ctuarial gai<span class=\"_ _0\"></span>ns and losses consist of the foll<span class=\"_ _0\"></span>owing components:</span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Experience adj<span class=\"_ _0\"></span>ust<span class=\"_ _a\"></span>ments<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">345</span>  <span class=\"ls14d ws161\">638</span> Changes i<span class=\"_ _0\"></span>n assumpt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons used<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">471</span>  0 Total actuarial gains and <span class=\"_ _0\"></span>losses<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">126</span>  <span class=\"ls14d ws161\">638</span> The actuarial gai<span class=\"_ _0\"></span>ns an<span class=\"_ _6\"></span>d l<span class=\"_ _0\"></span>osses included <span class=\"_ _a\"></span>in the above table con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>n the largest par<span class=\"_ _a\"></span>t of the total actuarial<span class=\"_ _0\"></span> gains and <span class=\"_ _0\"></span>losses included inthe other comprehensive inco<span class=\"_ _0\"></span>m<span class=\"ls14d ws161\">e.</span><span class=\"ws7\"> </span>The amounts relating to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he pe<span class=\"_ _0\"></span>nsion cost of<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>ndon<span class=\"_ _0\"></span>esia are as foll<span class=\"_ _0\"></span>ow<span class=\"_ _6\"></span>s:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Service cost<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">116</span> 3 060<span class=\"ws7\"> </span>Inter<span class=\"_ _a\"></span>est cost<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 366<span class=\"ws7\"> </span>1 386<span class=\"ws7\"> </span>Pension cost<span class=\"ws7\"> </span>1 250<span class=\"ws7\"> </span>4 446<span class=\"ws7\"> </span>Actuarial gai<span class=\"_ _0\"></span>ns and losses recorded in Other Comprehensive Incom<span class=\"_ _0\"></span>e<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">126</span>  <span class=\"ls14d ws161\">638</span> Total pension cost<span class=\"ws7\"> </span>1 37<span class=\"ws7\">5 </span>5 084<span class=\"ws7\"> </span>These costs are includ<span class=\"_ _0\"></span>ed under t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> headings cost of sales an<span class=\"_ _0\"></span>d general and administrative expenses of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he income s<span class=\"_ _0\"></span>tat<span class=\"_ _a\"></span>ement. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Estimated benefit payments in 20<span class=\"_ _0\"></span><span class=\"ws7\">23 <span class=\"ls152 ws1cc\">a<span class=\"_ _a\"></span>re KUSD<span class=\"ls7 ws7\"> <span class=\"ls14d ws161\">899</span>. </span></span></span>Sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>ity<span class=\"ls7 ws7\"> </span>of t<span class=\"_ _0\"></span>he v<span class=\"_ _0\"></span>ariati<span class=\"_ _0\"></span>on of t<span class=\"_ _0\"></span>he di<span class=\"_ _0\"></span>scoun<span class=\"_ _0\"></span>t rate a<span class=\"_ _0\"></span>nd of <span class=\"_ _0\"></span>the f<span class=\"_ _0\"></span>uture<span class=\"_ _0\"></span> salary<span class=\"_ _0\"></span> <span class=\"ls153 ws17d\">i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Values as <span class=\"_ _0\"></span>appeari<span class=\"_ _6\"></span>ng i<span class=\"_ _0\"></span>n the balance sheet<span class=\"_ _a\"></span> are sensitive to changes in the actual di<span class=\"_ _0\"></span>scount r<span class=\"_ _a\"></span>ate compared to the discount rate u<span class=\"_ _0\"></span>sed.The same appli<span class=\"_ _0\"></span>es t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> changes in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> actual <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>uture salary i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>ease<span class=\"_ _0\"></span> compared <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the future sal<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y<span class=\"_ _0\"></span> increase used in<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>alculation<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> F<span class=\"_ _0\"></span>oour Indonesian entities, simulation<span class=\"_ _0\"></span>s were made t<span class=\"_ _a\"></span>o calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>e the i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>pact of a 1% increase or<span class=\"_ _0\"></span> decrease of both parameters on <span class=\"_ _0\"></span>thepension provi<span class=\"_ _0\"></span>sion, r<span class=\"_ _a\"></span>esulting i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng<span class=\"_ _0\"></span> ef<span class=\"_ _6\"></span>fects: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Im<span class=\"_ _a\"></span>pact of the c<span class=\"_ _a\"></span>hange in di<span class=\"_ _6\"></span>scount rate<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>+1% Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>-<span class=\"ls14d ws161\">1%</span> Pension<span class=\"_ _0\"></span> l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity of<span class=\"_ _a\"></span> the Indonesi<span class=\"_ _0\"></span>an subsidiaries<span class=\"ws7\"> </span>18 016<span class=\"ws7\"> </span>19 801<span class=\"ws7\"> </span>21 867<span class=\"ws7\"> </span>Gross impact on the<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income<span class=\"ws7\"> </span>1 785<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> Impact of the change in fu<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure salary increase<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>+1% Carry<span class=\"_ _6\"></span>ing amount<span class=\"ls7 ws7\"> </span>-<span class=\"ls14d ws161\">1%</span> Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span><span class=\"ws166\">liability of the Indonesian subsi<span class=\"_ _0\"></span>diaries<span class=\"ws7\"> </span></span>21 982<span class=\"ws7\"> </span>19 801<span class=\"ws7\"> </span>17 892<span class=\"ws7\"> </span>Gross impact on the<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>prehen<span class=\"_ _0\"></span>sive income<span class=\"ws7\"> </span>-<span class=\"ws165\">2 181</span> 1 909<span class=\"ws7\"> </span>Defi<span class=\"_ _0\"></span>ned co<span class=\"_ _0\"></span>ntrib<span class=\"_ _0\"></span>ution <span class=\"_ _0\"></span>plan<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The Group pays contributions to publicl<span class=\"_ _0\"></span>y or pr<span class=\"_ _a\"></span>ivately administered <span class=\"_ _a\"></span>insurance pl<span class=\"_ _0\"></span>ans.<span class=\"_ _a\"></span> Since the <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span>is obli<span class=\"_ _0\"></span>ged to m<span class=\"_ _a\"></span>ake additionalpayments if the average<span class=\"_ _0\"></span> ret<span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>rn on <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he empl<span class=\"_ _0\"></span>oyer\u2019s contribution and o<span class=\"_ _0\"></span>n the employees\u2019 contributions i<span class=\"_ _0\"></span>s not attained, those<span class=\"_ _0\"></span> plan<span class=\"_ _0\"></span>s <span class=\"_ _6\"></span>shoul<span class=\"_ _0\"></span>dbe treated as \u201cde<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ined bene<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ans<span class=\"ws7\">\u201d<span class=\"ff9c\"> <span class=\"ws166\">in accordance with IAS 19.<span class=\"_ _0\"></span> </span> </span></span>The lia<span class=\"_ _6\"></span>bilit<span class=\"_ _a\"></span>y is based on<span class=\"_ _0\"></span> an analysi<span class=\"_ _0\"></span>s of the pl<span class=\"_ _0\"></span>ans and the<span class=\"_ _0\"></span> limited difference between <span class=\"_ _0\"></span>the legall<span class=\"_ _0\"></span>y guarant<span class=\"_ _a\"></span>eed<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>ini<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>um <span class=\"_ _0\"></span>retur<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> and theinterest guaranteed by<span class=\"_ _0\"></span> the insurance company<span class=\"_ _0\"></span>, the <span class=\"_ _0\"></span>Group has co<span class=\"_ _0\"></span>ncluded that the appli<span class=\"_ _0\"></span>cation of the P<span class=\"_ _0\"></span>UC method w<span class=\"_ _0\"></span>ould have animmaterial impact.<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>The total accumulated reserves amount to KUSD<span class=\"_ _0\"></span> 1 966<span class=\"ws7\"> <span class=\"_ _8\"> </span></span>by the end of December <span class=\"ls14d ws161\">202</span>2 <span class=\"_ _8\"> </span><span class=\"ls14e ws164\">(20<span class=\"_ _0\"></span></span>21:<span class=\"_ _6\"></span> KUSD 2 <span class=\"_ _8\"> </span>343)compared to the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nimum guaranteed reserves of KU<span class=\"_ _0\"></span>SD <span class=\"ls14d ws161\">1 648</span><span class=\"ws7\"> </span>at 31 December 20<span class=\"_ _0\"></span><span class=\"ws7\">22 <span class=\"_ _a\"></span><span class=\"ls14e ws164\">(20<span class=\"ls7 ws7\">21<span class=\"_ _0\"></span><span class=\"ls152 ws1cc\">: KUSD </span><span class=\"ws165\">1 753</span></span>).<span class=\"ls7 ws7\"> </span></span></span>Contributions pai<span class=\"_ _0\"></span>d r<span class=\"_ _a\"></span>egarding the defined con<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ribu<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on plans amount to KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">463</span> <span class=\"ls152 ws179\">(KUSD </span>5<span class=\"ls14d ws161\">30</span> <span class=\"_ _0\"></span>in <span class=\"ls14d ws161\">20</span>21). <span class=\"_ _0\"></span>SI<span class=\"_ _6\"></span>PEF <span class=\"_ _0\"></span>is not responsible forthe minimum guaranteed return on<span class=\"_ _0\"></span> the contributions paid for the<span class=\"_ _0\"></span> members of the exec<span class=\"_ _0\"></span>utive committee (KUS<span class=\"_ _0\"></span>D <span class=\"ws7\">4<span class=\"ls14d ws161\">09<span class=\"ls14e ws164\">).</span></span> </span>29.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">REL<span class=\"_ _6\"></span>ATED PARTY T<span class=\"_ _6\"></span>RANS<span class=\"_ _0\"></span>ACT<span class=\"_ _6\"></span>IONS<span class=\"ls7 ws7\"> </span></span>Tr<span class=\"_ _0\"></span>ansactions with <span class=\"_ _0\"></span>director<span class=\"_ _0\"></span>s and member<span class=\"_ _0\"></span>s of the exe<span class=\"_ _0\"></span>cutive com<span class=\"_ _0\"></span>mittee<span class=\"_ _4\"></span><span class=\"ls7 ws7\"> </span>Key management personnel are defined as the di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s management committee. The table bel<span class=\"_ _0\"></span>ow shows anoverview of total remuneration recei<span class=\"_ _0\"></span>ved:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Directors' fees<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">465</span>  <span class=\"ls14d ws161\">423</span> Fixed fees<span class=\"ws7\"> </span>2 429<span class=\"ws7\"> </span>2 213<span class=\"ws7\"> </span>Variabl<span class=\"_ _0\"></span>e f<span class=\"_ _6\"></span>ees<span class=\"ws7\"> </span>1 534<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">321</span> Post-<span class=\"ws166\">employment benefits</span>  <span class=\"ls14d ws161\">406</span>  <span class=\"ls14d ws161\">465</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">171</span>  <span class=\"ls14d ws161\">126</span> Market value vested stock<span class=\"_ _0\"></span> opt<span class=\"_ _a\"></span>ion (on ves<span class=\"_ _0\"></span>ting date)<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">88</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>5 200<span class=\"ws7\"> </span>3 637<span class=\"ws7\"> </span>The amounts are paid in <span class=\"_ _0\"></span>EUR. The amount paid in <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amount<span class=\"_ _a\"></span>s to<span class=\"_ _0\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>4 957 (<span class=\"ls14d ws161\">202</span>1:<span class=\"_ _a\"></span> KEUR 3 084)<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>ease <span class=\"ls152 ws1cc\">of KEUR </span>1 874is <span class=\"ws166\">mainly a con<span class=\"_ _0\"></span>sequence of <span class=\"ls14f ws170\">the</span></span> higher <span class=\"ws165\">variable fee pai<span class=\"_ _0\"></span>d in <span class=\"ls14d ws161\">202</span></span>2 <span class=\"ws166\">compared to <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span></span>1<span class=\"ls14f ws170\">. </span> Starting from the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year 2007 fixed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span>s shall be<span class=\"_ _0\"></span> paid to <span class=\"_ _0\"></span>the members of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> di<span class=\"_ _0\"></span>rectors, the audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> co<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mittee <span class=\"_ _4\"></span>and theremuneration committee.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-3": {
   "value": "19.<span class=\"ff9a\"> <span class=\"_\"> </span></span>NET FINANCIAL ASSETS/(LIABILITIE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>) Net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) <span class=\"ls14e ws164\">(N<span class=\"_ _0\"></span>on</span><span class=\"ws7\">-</span>GAAP measure) can be <span class=\"ws7\">anal<span class=\"_ _0\"></span>ysed <span class=\"ws165\">as follow<span class=\"_ _0\"></span>s:<span class=\"_ _a\"></span><span class=\"ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Sho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m obligations <span class=\"ws7\">- </span>credit institution<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -12 477Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l <span class=\"ws166\">l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year (incl<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> derivatives)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>-<span class=\"ws166\">18 000</span> -36 000Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one <span class=\"_ _0\"></span>year<span class=\"ws7\"> </span>-<span class=\"ws166\">18 000</span> -18 000Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span>10 208<span class=\"ws7\"> </span> 38Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>19 939Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 910</span> -2 691Net <span class=\"ls7 ws166\">financial assets/(liabilities)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">122</span> -49 192Analysi<span class=\"_ _0\"></span>s of<span class=\"_ _a\"></span> net financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s/(li<span class=\"_ _0\"></span>abilities) <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>per curr<span class=\"_ _a\"></span>ency<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR<span class=\"ls7 ws7\"> </span>USD<span class=\"ls7 ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>TotalSho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -<span class=\"ws166\">18 000</span>  0 -23 323Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">20</span>8 10 000<span class=\"ws7\"> </span> 0 10 208Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">801</span> 32 623<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span> 34 148Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 -<span class=\"ws166\">18 000</span>  0 -18 000Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">244</span> -<span class=\"ws165\">2 666</span>  0 -2 910Total 2022<span class=\"ws7\"> </span>-<span class=\"ws165\">4 559</span> 3 957<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span>  122Total 2021<span class=\"ws7\"> </span>-<span class=\"ws166\">12 088</span> -<span class=\"ws166\">37 664</span>  <span class=\"ls14d ws161\">559</span> -49 192The <span class=\"_ _0\"></span>shor<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">term<span class=\"_ _0\"></span></span> financi<span class=\"_ _0\"></span>al obligation<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>elate to the commercial pape<span class=\"_ _0\"></span>rs for a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>oun<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws197\">5 323</span>. This <span class=\"_ _0\"></span>financial obligation<span class=\"_ _0\"></span> hasbeen completely hedg<span class=\"_ _0\"></span>ed at<span class=\"_ _a\"></span> an average <span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>of 1 E<span class=\"_ _0\"></span>UR = 1.<span class=\"ls14d ws161\">0249</span><span class=\"ws7\"> <span class=\"ls151 ws172\">USD.<span class=\"_ _a\"></span> <span class=\"ls7 ws7\"> </span></span></span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits mainly incl<span class=\"_ _0\"></span>ude bank deposits w<span class=\"_ _0\"></span>ith or<span class=\"_ _a\"></span>igi<span class=\"_ _0\"></span>nal mat<span class=\"_ _a\"></span>urities of more than 3<span class=\"_ _0\"></span> mont<span class=\"_ _a\"></span>hs<span class=\"_ _0\"></span> but<span class=\"_ _a\"></span> less <span class=\"_ _0\"></span>than one year.<span class=\"_ _0\"></span> The financi<span class=\"_ _0\"></span>al liabilities wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h an origi<span class=\"_ _0\"></span>nal mat<span class=\"_ _a\"></span>urity of<span class=\"_ _0\"></span> mor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>n one yea<span class=\"_ _0\"></span>r incl<span class=\"_ _0\"></span>ude <span class=\"_ _6\"></span>an <span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>5.5<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>million US<span class=\"_ _a\"></span>D loan of which <span class=\"ls14d ws161\">49<span class=\"ls14f ws170\">.5<span class=\"_ _0\"></span></span></span> <span class=\"_ _6\"></span>millio<span class=\"_ _6\"></span>n USD hasalready <span class=\"ls14d ws161\">been</span> <span class=\"_ _6\"></span>repaid bet<span class=\"_ _a\"></span>ween 2019 - <span class=\"ls14d ws161\">202</span>2.<span class=\"_ _a\"></span> It concerns a long<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>term lo<span class=\"_ _0\"></span>an that was taken out with a banki<span class=\"_ _0\"></span>ng consortium <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>ith a first-classrating for cr<span class=\"_ _a\"></span>editworthiness. It concerns an unsecured l<span class=\"_ _0\"></span>oan with a term<span class=\"_ _a\"></span> of 5 years. The i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>erest rate is composed as the USD<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>3Minterest rate<span class=\"ws7\"> <span class=\"_ _0\"></span></span>+ a ma<span class=\"_ _0\"></span>rgin of 1<span class=\"ws7\">.<span class=\"ls14d ws161\">20<span class=\"ls156 ws194\">% <span class=\"_ _0\"></span><span class=\"ls14f ws1b7\">to<span class=\"_ _0\"></span> 2.<span class=\"_ _0\"></span></span></span>50</span></span>%<span class=\"_ _a\"></span>, depend<span class=\"_ _0\"></span>ing on the debt/EBITDA ratio<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> The variabl<span class=\"_ _0\"></span>e interest rate<span class=\"ws7\"> <span class=\"_ _0\"></span></span>was hedg<span class=\"_ _0\"></span>ed at a <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xedinterest rate of 1.<span class=\"ls14d ws161\">3933</span>% <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hrough an<span class=\"_ _0\"></span> \"Interest Rate S<span class=\"_ _0\"></span>wap\".<span class=\"ws7\">  </span>It <span class=\"_ _0\"></span>should be noted tha<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws1a9\">in 2020 <span class=\"ls152 ws179\">SIPEF <span class=\"_ _0\"></span></span></span>has m<span class=\"_ _a\"></span>ade use of the possibi<span class=\"_ _0\"></span>lity of post<span class=\"_ _a\"></span>poning cap<span class=\"_ _0\"></span>ital repayment<span class=\"_ _a\"></span>s to cope with the impact ofcovid-19. As a result<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>aym<span class=\"_ _a\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s a<span class=\"_ _0\"></span>t the end o<span class=\"_ _0\"></span>f June 2020 (KU<span class=\"_ _0\"></span>SD<span class=\"_ _a\"></span> 4 500)<span class=\"_ _0\"></span> have <span class=\"_ _6\"></span>been postponed un<span class=\"_ _0\"></span>til June 2024, and <span class=\"_ _0\"></span>the repaymentat the end of Septe<span class=\"_ _0\"></span>mber<span class=\"_ _a\"></span> 2020 <span class=\"_ _0\"></span>(KUSD<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span><span class=\"ws165\">4 50<span class=\"_ _0\"></span>0)<span class=\"_ _6\"></span> <span class=\"ws166\">ha<span class=\"_ _0\"></span>s been<span class=\"ws7\"> </span>post<span class=\"_ _a\"></span>poned u<span class=\"_ _0\"></span>ntil September 2024.<span class=\"ws7\"> </span></span></span></span>There is one<span class=\"_ _0\"></span> financial requirement<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ap<span class=\"_ _0\"></span>plicable <span class=\"ls14f ws170\">to the<span class=\"_ _0\"></span></span> <span class=\"ws165\">loan cove<span class=\"_ _0\"></span>nant <span class=\"ws166\">w<span class=\"_ _0\"></span>hich states that the<span class=\"_ _0\"></span> net financi<span class=\"_ _0\"></span>al debt</span></span> <span class=\"ws166\">may not<span class=\"_ _0\"></span> </span>exceed 2.5<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ti<span class=\"_ _0\"></span>mesthe<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>R<span class=\"ls152 ws179\">EBITDA</span> <span class=\"_ _6\"></span>of the year<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> This financial<span class=\"_ _0\"></span> covenant is test<span class=\"_ _a\"></span>ed eve<span class=\"_ _0\"></span>ry half<span class=\"ws7\">-yea<span class=\"ls14e ws164\">r.</span> </span>The EBITDA of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"ws7\">G</span>roup consists o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ating results+ profit/loss from equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y compani<span class=\"_ _0\"></span>es + depreciation and addi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ional<span class=\"_ _0\"></span> i<span class=\"_ _6\"></span>mpai<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>ment<span class=\"_ _0\"></span><span class=\"ws7\">s</span>/increases on assets. The RE<span class=\"_ _0\"></span>BITDA consists of thesame calculation<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> bu<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> excl<span class=\"_ _0\"></span>uding t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> one<span class=\"ws7\">-<span class=\"ls14f ws1a6\">off, no<span class=\"_ _0\"></span>n</span>-</span>recurring effects. T<span class=\"_ _0\"></span>he Gr<span class=\"_ _6\"></span>ou<span class=\"_ _0\"></span>p does not br<span class=\"_ _a\"></span>each borrowing<span class=\"_ _0\"></span> limits or covenants (whereappli<span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>le) on i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s bo<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rowing <span class=\"_ _0\"></span>facilities per D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>ber 31<span class=\"_ _0\"></span>, <span class=\"ls14d ws161\">202</span>2<span class=\"ls155 ws1d0\">.<span class=\"_ _0\"></span> Th</span>e <span class=\"_ _6\"></span>fi<span class=\"_ _0\"></span>nancia<span class=\"ls159 ws166\">l </span>covenant rat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>o w<span class=\"_ _0\"></span>ill remain at<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>2.50<span class=\"ls7 ws7\"> </span>at <span class=\"_ _6\"></span>30<span class=\"_ _0\"></span> June 202<span class=\"_ _0\"></span>3 <span class=\"_ _6\"></span>and<span class=\"_ _0\"></span> 31December 202<span class=\"ws7\">3<span class=\"ls15b ws1a8\">. <span class=\"_ _0\"></span><span class=\"ls14f ws1d1\">D<span class=\"_ _0\"></span>ue to<span class=\"_ _0\"></span> <span class=\"ws170\">th<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span></span></span></span></span>significant<span class=\"_ _0\"></span> volatility of the<span class=\"_ _0\"></span> palm oil p<span class=\"_ _0\"></span>rices an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>mpact <span class=\"ls14d ws161\">on <span class=\"_ _0\"></span><span class=\"ls14f ws170\">the<span class=\"_ _0\"></span></span></span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>result an<span class=\"_ _0\"></span>d EBITDA <span class=\"_ _0\"></span><span class=\"ws15e\">of the Group<span class=\"ls15b ws1a8\">, <span class=\"_ _0\"></span></span></span>thiscovenant is<span class=\"ws7\"> </span>continuousl<span class=\"_ _0\"></span>y m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>itor<span class=\"ls14d ws161\">ed</span><span class=\"ws7\">.<span class=\"_ _6\"></span> <span class=\"ls15b ws1a8\">It</span> <span class=\"ws166\">is not expected <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t this cove<span class=\"_ _0\"></span>nant will be breached <span class=\"_ _0\"></span>in <span class=\"ls14d ws161\">202</span><span class=\"ws7\">3.  </span></span></span>Covenan<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ratio<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Operating result <span class=\"ws7\"> </span>178 312<span class=\"ws7\"> </span>139 416<span class=\"ws7\"> </span>Exceptional<span class=\"_ _0\"></span> item<span class=\"_ _a\"></span>s <span class=\"ws7\"> </span> 0 -<span class=\"ws166\">11 640</span> Recurri<span class=\"_ _6\"></span>ng operati<span class=\"_ _a\"></span>ng resul<span class=\"_ _6\"></span>t<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>178 312<span class=\"ws7\"> </span>127 776<span class=\"ws7\"> </span>Depreciation<span class=\"_ _0\"></span> and r<span class=\"_ _a\"></span>esult on sale <span class=\"_ _0\"></span>FA <span class=\"ws7\"> </span>48 101<span class=\"ws7\"> </span>49 856<span class=\"ws7\"> </span>REBIT<span class=\"_ _a\"></span>DA<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>226 413<span class=\"ws7\"> </span>177 632<span class=\"ws7\"> </span>(-<span class=\"ls14e ws164\">) </span><span class=\"ws165\">minorities recurring</span> -<span class=\"ws165\">4 298</span> -<span class=\"ws165\">5 086</span> REBITDA gr<span class=\"_ _a\"></span>oup share<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>222 115<span class=\"ws7\"> </span>172 546<span class=\"ws7\"> </span>Net Senior Leverage<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0.00 0.29 Reconciliati<span class=\"_ _0\"></span>on <span class=\"ws166\">of<span class=\"_ _6\"></span> the net <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al assets/(<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iabilities) and cash flow:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Net fi<span class=\"_ _6\"></span>nancial posit<span class=\"_ _6\"></span>ion at the beginni<span class=\"_ _6\"></span>ng of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span><span class=\"ws188\">period<span class=\"ls7 ws7\"> </span></span>-<span class=\"ws166\">49 192</span> -<span class=\"ws165\">151 165</span> Decrease in l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-<span class=\"ws166\">t<span class=\"_ _a\"></span>erm borrowings<span class=\"ws7\"> </span></span></span>18 642<span class=\"ws7\"> </span>18 078<span class=\"ws7\"> </span>Increase in long<span class=\"ws7\">-<span class=\"ws166\">term borrowing<span class=\"_ _0\"></span>s</span> </span>- <span class=\"ls14d ws161\">755</span>  0 Decrease in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>7 154<span class=\"ws7\"> </span>73 710<span class=\"ws7\"> </span>Increase in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>- <span class=\"ls14d ws161\">106</span>  0 Net movement in cash <span class=\"_ _0\"></span>and cash equivalen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>24 379<span class=\"ws7\"> </span>10 186<span class=\"ws7\"> </span>Net financial assets/(liabilities) at <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he end o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> the p<span class=\"_ _0\"></span>eri<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>d<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">122</span> -<span class=\"ws166\">49 192</span> Reconciliati<span class=\"_ _0\"></span>on of<span class=\"_ _a\"></span> the tot<span class=\"_ _a\"></span>al <span class=\"_ _0\"></span>financial l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _6\"></span>al liabi<span class=\"_ _a\"></span>liti<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> at<span class=\"_ _a\"></span> the beginni<span class=\"_ _a\"></span>ng of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>69 168<span class=\"ws7\"> </span>160 956<span class=\"ws7\"> </span>Decrease in l<span class=\"_ _0\"></span>ong<span class=\"ws7\">-<span class=\"ws166\">t<span class=\"_ _a\"></span>erm financial obl<span class=\"_ _0\"></span>igations<span class=\"ws7\"> </span></span></span>-<span class=\"ws166\">18 642</span> -<span class=\"ws166\">18 078</span> Increase in long<span class=\"ws7\">-<span class=\"ws166\">term financi<span class=\"_ _0\"></span>al obligations</span> </span> <span class=\"ls14d ws161\">755</span>  0 Decrease in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">7 154</span> -<span class=\"ws166\">73 710</span> Increase in short<span class=\"ws7\">-<span class=\"ws166\">term <span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nancial obligations<span class=\"ws7\"> </span></span></span> <span class=\"ls14d ws161\">106</span>  0 Financial <span class=\"ws166\">liabilit<span class=\"_ _a\"></span>ies at <span class=\"_ _0\"></span>the end of the p<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>iod<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>44 233<span class=\"ws7\"> </span>69 168<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-4": {
   "value": "19.<span class=\"ff9a\"> <span class=\"_\"> </span></span>NET FINANCIAL ASSETS/(LIABILITIE<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>) Net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) <span class=\"ls14e ws164\">(N<span class=\"_ _0\"></span>on</span><span class=\"ws7\">-</span>GAAP measure) can be <span class=\"ws7\">anal<span class=\"_ _0\"></span>ysed <span class=\"ws165\">as follow<span class=\"_ _0\"></span>s:<span class=\"_ _a\"></span><span class=\"ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Sho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m obligations <span class=\"ws7\">- </span>credit institution<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -12 477Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l <span class=\"ws166\">l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year (incl<span class=\"_ _0\"></span>.<span class=\"_ _a\"></span> derivatives)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>-<span class=\"ws166\">18 000</span> -36 000Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one <span class=\"_ _0\"></span>year<span class=\"ws7\"> </span>-<span class=\"ws166\">18 000</span> -18 000Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span>10 208<span class=\"ws7\"> </span> 38Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>19 939Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 910</span> -2 691Net <span class=\"ls7 ws166\">financial assets/(liabilities)<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">122</span> -49 192Analysi<span class=\"_ _0\"></span>s of<span class=\"_ _a\"></span> net financial asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s/(li<span class=\"_ _0\"></span>abilities) <span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>per curr<span class=\"_ _a\"></span>ency<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR<span class=\"ls7 ws7\"> </span>USD<span class=\"ls7 ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>TotalSho<span class=\"_ _0\"></span>rt<span class=\"ls7 ws7\">-<span class=\"ws166\">t<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>m f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al obligations<span class=\"ws7\"> </span></span></span>-<span class=\"ws165\">5 323</span> -<span class=\"ws166\">18 000</span>  0 -23 323Othe<span class=\"_ _0\"></span>r i<span class=\"ls7 ws166\">nvestments and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span></span> <span class=\"ls14d ws161\">20</span>8 10 000<span class=\"ws7\"> </span> 0 10 208Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">801</span> 32 623<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span> 34 148Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 -<span class=\"ws166\">18 000</span>  0 -18 000Lease li<span class=\"_ _0\"></span>abi<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>ity<span class=\"_ _6\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">244</span> -<span class=\"ws165\">2 666</span>  0 -2 910Total 2022<span class=\"ws7\"> </span>-<span class=\"ws165\">4 559</span> 3 957<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">724</span>  122Total 2021<span class=\"ws7\"> </span>-<span class=\"ws166\">12 088</span> -<span class=\"ws166\">37 664</span>  <span class=\"ls14d ws161\">559</span> -49 192",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-88-3": {
   "value": "20.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">OTHER OPERATIN<span class=\"_ _0\"></span>G INC<span class=\"_ _0\"></span>OME/(<span class=\"ls150 ws16e\">EX<span class=\"_ _0\"></span>PENS<span class=\"_ _0\"></span>ES</span></span>) The other ope<span class=\"ws7\">r</span>ating income/<span class=\"_ _0\"></span>(<span class=\"ws7\">expenses</span>) can be detail<span class=\"_ _0\"></span>ed as follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Non<span class=\"ls7 ws7\">-</span>Non<span class=\"ls7 ws7\">-</span>holder<span class=\"_ _a\"></span>s In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>holder<span class=\"_ _a\"></span>s of contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>of th<span class=\"_ _0\"></span>e the parent<span class=\"ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>parent VAT cl<span class=\"_ _0\"></span>aim I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">548</span>  <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">578</span>  <span class=\"ls14d ws161\">53</span>  6  <span class=\"ls14d ws161\">59</span> VAT cl<span class=\"_ _0\"></span>aim Be<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>gium<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">274</span>  0  <span class=\"ls14d ws161\">274</span>  0  0  0 Accelerated depreciation<span class=\"_ _0\"></span> oil palms PT Dendymarker - <span class=\"ls14d ws161\">385</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">405</span> -<span class=\"ws165\">4 018</span> - <span class=\"ls14d ws161\">211</span> -<span class=\"ws165\">4 229</span> Capital<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>gain sale PT <span class=\"_ _0\"></span><span class=\"ws7\">M<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ania </span> 0  0  0 11 003<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">637</span> 11 640<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> income<span class=\"_ _0\"></span>/(<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ges)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">288</span> - <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">258</span> - <span class=\"ls14d ws161\">291</span> - <span class=\"ls14d ws161\">90</span> - <span class=\"ls14d ws161\">381</span> Ot<span class=\"_ _a\"></span>her oper<span class=\"_ _a\"></span>ati<span class=\"_ _a\"></span>ng income/(<span class=\"_ _a\"></span><span class=\"ls7 ws7\">expenses<span class=\"_ _0\"></span>) </span> <span class=\"ls14d ws161\">725</span> - <span class=\"ls14d ws161\">20</span>  <span class=\"ls14d ws161\">705</span> 6 748<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">341</span> 7 088<span class=\"ws7\"> </span>The other income/charges <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y consist out<span class=\"_ _a\"></span> <span class=\"ls14d ws161\">of</span><span class=\"ws7\">:  </span>- <span class=\"_ _60\"> </span><span class=\"ws166\">the movement i<span class=\"_ _0\"></span>n the provision<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>the Indonesian VAT<span class=\"_ _0\"></span> claim (KUSD +578) mainly in favour o<span class=\"_ _0\"></span>f SI<span class=\"_ _a\"></span>PEF<span class=\"_ _0\"></span><span class=\"ws7\">; </span></span>- <span class=\"_ _60\"> </span>the VA<span class=\"_ _0\"></span>T court case w<span class=\"_ _0\"></span>ith the Belgi<span class=\"_ _0\"></span>an authorities dating back<span class=\"_ _0\"></span> from 20<span class=\"_ _0\"></span>09 grant<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by the cou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t i<span class=\"_ _0\"></span>n favou<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span>of S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>PEF (KUSD +274)- <span class=\"_ _60\"> </span><span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>remaining <span class=\"ws166\">accelerated depreciation<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span><span class=\"ws17c\">of the<span class=\"ws7\"> <span class=\"ws166\">oil pa<span class=\"_ _0\"></span>lms in PT Dendymarker <span class=\"_ _0\"></span>(<span class=\"_ _6\"></span>K<span class=\"_ _0\"></span>USD <span class=\"ws7\">-<span class=\"ls14d ws161\">405</span>); </span></span></span></span>- <span class=\"_ _60\"> </span><span class=\"ls14f\">th<span class=\"_ _0\"></span>e s</span><span class=\"ws166\">tock<span class=\"_ _0\"></span> adjustment<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>for obsolete stock<span class=\"ws7\">;<span class=\"_ _0\"></span> </span></span>- <span class=\"_ _60\"> </span>w<span class=\"_ _0\"></span><span class=\"ws165\">arehouse sales to smallholders in P<span class=\"_ _0\"></span>apua Ne<span class=\"_ _a\"></span>w Guine<span class=\"_ _0\"></span><span class=\"ws7\">a<span class=\"ls14f ws170\">. </span> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-88-4": {
   "value": "20.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">OTHER OPERATIN<span class=\"_ _0\"></span>G INC<span class=\"_ _0\"></span>OME/(<span class=\"ls150 ws16e\">EX<span class=\"_ _0\"></span>PENS<span class=\"_ _0\"></span>ES</span></span>) The other ope<span class=\"ws7\">r</span>ating income/<span class=\"_ _0\"></span>(<span class=\"ws7\">expenses</span>) can be detail<span class=\"_ _0\"></span>ed as follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Non<span class=\"ls7 ws7\">-</span>Non<span class=\"ls7 ws7\">-</span>holder<span class=\"_ _a\"></span>s In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>holder<span class=\"_ _a\"></span>s of contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>of th<span class=\"_ _0\"></span>e the parent<span class=\"ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>parent VAT cl<span class=\"_ _0\"></span>aim I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">548</span>  <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">578</span>  <span class=\"ls14d ws161\">53</span>  6  <span class=\"ls14d ws161\">59</span> VAT cl<span class=\"_ _0\"></span>aim Be<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>gium<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">274</span>  0  <span class=\"ls14d ws161\">274</span>  0  0  0 Accelerated depreciation<span class=\"_ _0\"></span> oil palms PT Dendymarker - <span class=\"ls14d ws161\">385</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">405</span> -<span class=\"ws165\">4 018</span> - <span class=\"ls14d ws161\">211</span> -<span class=\"ws165\">4 229</span> Capital<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>gain sale PT <span class=\"_ _0\"></span><span class=\"ws7\">M<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ania </span> 0  0  0 11 003<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">637</span> 11 640<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> income<span class=\"_ _0\"></span>/(<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ges)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">288</span> - <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">258</span> - <span class=\"ls14d ws161\">291</span> - <span class=\"ls14d ws161\">90</span> - <span class=\"ls14d ws161\">381</span> Ot<span class=\"_ _a\"></span>her oper<span class=\"_ _a\"></span>ati<span class=\"_ _a\"></span>ng income/(<span class=\"_ _a\"></span><span class=\"ls7 ws7\">expenses<span class=\"_ _0\"></span>) </span> <span class=\"ls14d ws161\">725</span> - <span class=\"ls14d ws161\">20</span>  <span class=\"ls14d ws161\">705</span> 6 748<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">341</span> 7 088<span class=\"ws7\"> </span>The other income/charges <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y consist out<span class=\"_ _a\"></span> <span class=\"ls14d ws161\">of</span><span class=\"ws7\">:  </span>- <span class=\"_ _60\"> </span><span class=\"ws166\">the movement i<span class=\"_ _0\"></span>n the provision<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>the Indonesian VAT<span class=\"_ _0\"></span> claim (KUSD +578) mainly in favour o<span class=\"_ _0\"></span>f SI<span class=\"_ _a\"></span>PEF<span class=\"_ _0\"></span><span class=\"ws7\">; </span></span>- <span class=\"_ _60\"> </span>the VA<span class=\"_ _0\"></span>T court case w<span class=\"_ _0\"></span>ith the Belgi<span class=\"_ _0\"></span>an authorities dating back<span class=\"_ _0\"></span> from 20<span class=\"_ _0\"></span>09 grant<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by the cou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t i<span class=\"_ _0\"></span>n favou<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span>of S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>PEF (KUSD +274)- <span class=\"_ _60\"> </span><span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>remaining <span class=\"ws166\">accelerated depreciation<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span><span class=\"ws17c\">of the<span class=\"ws7\"> <span class=\"ws166\">oil pa<span class=\"_ _0\"></span>lms in PT Dendymarker <span class=\"_ _0\"></span>(<span class=\"_ _6\"></span>K<span class=\"_ _0\"></span>USD <span class=\"ws7\">-<span class=\"ls14d ws161\">405</span>); </span></span></span></span>- <span class=\"_ _60\"> </span><span class=\"ls14f\">th<span class=\"_ _0\"></span>e s</span><span class=\"ws166\">tock<span class=\"_ _0\"></span> adjustment<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>for obsolete stock<span class=\"ws7\">;<span class=\"_ _0\"></span> </span></span>- <span class=\"_ _60\"> </span>w<span class=\"_ _0\"></span><span class=\"ws165\">arehouse sales to smallholders in P<span class=\"_ _0\"></span>apua Ne<span class=\"_ _a\"></span>w Guine<span class=\"_ _0\"></span><span class=\"ws7\">a<span class=\"ls14f ws170\">. </span> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-88-5": {
   "value": "20.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15e ws1af\">OTHER OPERATIN<span class=\"_ _0\"></span>G INC<span class=\"_ _0\"></span>OME/(<span class=\"ls150 ws16e\">EX<span class=\"_ _0\"></span>PENS<span class=\"_ _0\"></span>ES</span></span>) The other ope<span class=\"ws7\">r</span>ating income/<span class=\"_ _0\"></span>(<span class=\"ws7\">expenses</span>) can be detail<span class=\"_ _0\"></span>ed as follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Equit<span class=\"_ _a\"></span>y<span class=\"_ _a\"></span> Non<span class=\"ls7 ws7\">-</span>Non<span class=\"ls7 ws7\">-</span>holder<span class=\"_ _a\"></span>s In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>holder<span class=\"_ _a\"></span>s of contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>contr<span class=\"_ _a\"></span>oll<span class=\"_ _a\"></span>ing Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>of th<span class=\"_ _0\"></span>e the parent<span class=\"ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>intere<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>parent VAT cl<span class=\"_ _0\"></span>aim I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">548</span>  <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">578</span>  <span class=\"ls14d ws161\">53</span>  6  <span class=\"ls14d ws161\">59</span> VAT cl<span class=\"_ _0\"></span>aim Be<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>gium<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">274</span>  0  <span class=\"ls14d ws161\">274</span>  0  0  0 Accelerated depreciation<span class=\"_ _0\"></span> oil palms PT Dendymarker - <span class=\"ls14d ws161\">385</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">405</span> -<span class=\"ws165\">4 018</span> - <span class=\"ls14d ws161\">211</span> -<span class=\"ws165\">4 229</span> Capital<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>gain sale PT <span class=\"_ _0\"></span><span class=\"ws7\">M<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ania </span> 0  0  0 11 003<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">637</span> 11 640<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> income<span class=\"_ _0\"></span>/(<span class=\"_ _6\"></span>cha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ges)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">288</span> - <span class=\"ls14d ws161\">30</span>  <span class=\"ls14d ws161\">258</span> - <span class=\"ls14d ws161\">291</span> - <span class=\"ls14d ws161\">90</span> - <span class=\"ls14d ws161\">381</span> Ot<span class=\"_ _a\"></span>her oper<span class=\"_ _a\"></span>ati<span class=\"_ _a\"></span>ng income/(<span class=\"_ _a\"></span><span class=\"ls7 ws7\">expenses<span class=\"_ _0\"></span>) </span> <span class=\"ls14d ws161\">725</span> - <span class=\"ls14d ws161\">20</span>  <span class=\"ls14d ws161\">705</span> 6 748<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">341</span> 7 088<span class=\"ws7\"> </span>The other income/charges <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y consist out<span class=\"_ _a\"></span> <span class=\"ls14d ws161\">of</span><span class=\"ws7\">:  </span>- <span class=\"_ _60\"> </span><span class=\"ws166\">the movement i<span class=\"_ _0\"></span>n the provision<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or <span class=\"_ _0\"></span>the Indonesian VAT<span class=\"_ _0\"></span> claim (KUSD +578) mainly in favour o<span class=\"_ _0\"></span>f SI<span class=\"_ _a\"></span>PEF<span class=\"_ _0\"></span><span class=\"ws7\">; </span></span>- <span class=\"_ _60\"> </span>the VA<span class=\"_ _0\"></span>T court case w<span class=\"_ _0\"></span>ith the Belgi<span class=\"_ _0\"></span>an authorities dating back<span class=\"_ _0\"></span> from 20<span class=\"_ _0\"></span>09 grant<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> by the cou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t i<span class=\"_ _0\"></span>n favou<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span>of S<span class=\"_ _0\"></span>I<span class=\"_ _6\"></span>PEF (KUSD +274)- <span class=\"_ _60\"> </span><span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>remaining <span class=\"ws166\">accelerated depreciation<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span><span class=\"ws17c\">of the<span class=\"ws7\"> <span class=\"ws166\">oil pa<span class=\"_ _0\"></span>lms in PT Dendymarker <span class=\"_ _0\"></span>(<span class=\"_ _6\"></span>K<span class=\"_ _0\"></span>USD <span class=\"ws7\">-<span class=\"ls14d ws161\">405</span>); </span></span></span></span>- <span class=\"_ _60\"> </span><span class=\"ls14f\">th<span class=\"_ _0\"></span>e s</span><span class=\"ws166\">tock<span class=\"_ _0\"></span> adjustment<span class=\"_ _6\"></span>s <span class=\"_ _0\"></span>for obsolete stock<span class=\"ws7\">;<span class=\"_ _0\"></span> </span></span>- <span class=\"_ _60\"> </span>w<span class=\"_ _0\"></span><span class=\"ws165\">arehouse sales to smallholders in P<span class=\"_ _0\"></span>apua Ne<span class=\"_ _a\"></span>w Guine<span class=\"_ _0\"></span><span class=\"ws7\">a<span class=\"ls14f ws170\">. </span> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-89-3": {
   "value": "21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-89-4": {
   "value": "21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-89-5": {
   "value": "21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-89-6": {
   "value": "21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-89-7": {
   "value": "21.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">FINANCIA<span class=\"_ _a\"></span>L RESULT<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span></span>The financi<span class=\"_ _0\"></span>al <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncome concerns t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> inter<span class=\"_ _a\"></span>ests received on cur<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ent accounts w<span class=\"_ _0\"></span>ith non<span class=\"ws7\">-</span>consoli<span class=\"_ _0\"></span>dated com<span class=\"_ _a\"></span>panies an<span class=\"_ _0\"></span>d on t<span class=\"_ _a\"></span>emporary excesscash, as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he income resulting from the <span class=\"_ _0\"></span>unwindi<span class=\"_ _0\"></span>ng of t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>discounting of the receivables &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>. The <span class=\"_ _0\"></span>financial<span class=\"_ _0\"></span> costs concernthe interests on<span class=\"_ _0\"></span> long term an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>t-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> bo<span class=\"_ _0\"></span>rrowings as wel<span class=\"_ _0\"></span>l as bank <span class=\"_ _0\"></span>char<span class=\"_ _a\"></span>ges<span class=\"ws7\">,<span class=\"_ _0\"></span> </span>the di<span class=\"_ _0\"></span>scounting of <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he long <span class=\"_ _0\"></span>term plasma<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>eceivabl<span class=\"_ _0\"></span>esand other financi<span class=\"_ _0\"></span>al costs<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>ests recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>1 300<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">727</span> Discounti<span class=\"_ _0\"></span>ng of<span class=\"_ _a\"></span> receivables <span class=\"_ _0\"></span>&gt; 1 year<span class=\"ws7\"> </span> -1 <span class=\"_ _a\"></span>8<span class=\"ls14d ws161\">83<span class=\"_ _0\"></span></span>  <span class=\"ls14d ws161\">748</span> Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l cost -<span class=\"ws165\">1 920</span> -<span class=\"ws165\">3 096</span> Exchange result<span class=\"ws7\"> </span>-<span class=\"ws165\">4 809</span> 1 021<span class=\"ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l resul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> derivatives<span class=\"ws7\"> </span>1 558<span class=\"ws7\"> </span>-<span class=\"ws165\">2 178</span> Financial result<span class=\"ws7\"> </span>-<span class=\"ws165\">5 754</span> -<span class=\"ws165\">2 779</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-90-2": {
   "value": "22.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">SHARE B<span class=\"_ _6\"></span>AS<span class=\"_ _0\"></span>E<span class=\"_ _6\"></span>D PAYMENT<span class=\"ls7 ws7\"> </span></span>Number of<span class=\"_ _6\"></span> Number of<span class=\"_ _6\"></span> Number of<span class=\"_ _6\"></span> Grant da<span class=\"_ _0\"></span>te<span class=\"ls7 ws7\"> <span class=\"_ _69\"> </span><span class=\"ws166\">Opening b<span class=\"_ _0\"></span>al<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>ce<span class=\"ws7\"> </span></span></span>opti<span class=\"_ _a\"></span>ons Ending Bal<span class=\"_ _a\"></span>anceopti<span class=\"_ _a\"></span>ons grant<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>opti<span class=\"_ _a\"></span>ons expi<span class=\"_ _a\"></span>red<span class=\"ls7 ws7\"> </span>exercised 2012<span class=\"ls7 ws7\"> </span>14 000<span class=\"ws7\"> </span>-<span class=\"ws165\">2 000</span> -12 <span class=\"ls14d ws161\">000</span> 02013<span class=\"ls7 ws7\"> </span>16 000<span class=\"ws7\"> </span>16 0002014<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002015<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002016<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002017<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002018<span class=\"ls7 ws7\"> </span>20 000<span class=\"ws7\"> </span>20 0002019<span class=\"ls7 ws7\"> </span>20 000<span class=\"ws7\"> </span>20 0002020<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>18 0002021<span class=\"ls7 ws7\"> </span>18 00<span class=\"ws7\">0 </span>18 0002022<span class=\"ls7 ws7\"> </span>0 20 000<span class=\"ws7\"> </span>20 000Balance 17<span class=\"ls7 ws7\">8 </span>000<span class=\"ls7 ws7\"> </span>20<span class=\"ls7 ws7\"> </span>000<span class=\"ls7 ws7\"> </span>-<span class=\"ws165\">2 000</span> -<span class=\"ws166\">12 000</span> 1<span class=\"ls14d ws161\">84</span> 000SIPEF'<span class=\"_ _0\"></span>s st<span class=\"_ _6\"></span>ock op<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on p<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>an,<span class=\"_ _a\"></span> which was approved in November 2011, is intended to provide long term motivation for t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>embers o<span class=\"_ _4\"></span>the executive<span class=\"_ _0\"></span> com<span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>ttee and general<span class=\"_ _0\"></span> direct<span class=\"_ _a\"></span>ors o<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>orei<span class=\"_ _0\"></span>gn subsidiaries w<span class=\"_ _0\"></span>hose activities are essential<span class=\"_ _0\"></span> to the <span class=\"_ _0\"></span><span class=\"ws7\">success<span class=\"_ _0\"></span> </span>of the <span class=\"_ _0\"></span>GroupThe options gi<span class=\"_ _0\"></span>ve t<span class=\"_ _a\"></span>hem the right <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>o acquire a co<span class=\"_ _0\"></span>rresponding number of SIPEF<span class=\"_ _0\"></span> shares.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The remuneration committ<span class=\"_ _a\"></span>ee is responsi<span class=\"_ _0\"></span>ble for m<span class=\"_ _a\"></span>onitoring this pl<span class=\"_ _0\"></span>an <span class=\"_ _6\"></span>and sel<span class=\"_ _0\"></span>ect<span class=\"_ _a\"></span>ing the beneficiaries. The options are provide<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ree ofcharge and their exercise period <span class=\"_ _0\"></span>is 10 yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>s. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>IFRS 2 has been<span class=\"_ _0\"></span> appl<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ed to t<span class=\"_ _a\"></span>he <span class=\"ws197\">stock options</span>. The to<span class=\"_ _0\"></span>tal value of the outstanding option<span class=\"_ _0\"></span>s 201<span class=\"ws7\">3 - <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span>2 </span>(valued at the fair value at themoment of granting), amoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s to<span class=\"_ _0\"></span> KUSD <span class=\"_ _0\"></span><span class=\"ws187\">1 5<span class=\"ls14d ws161\">65</span><span class=\"ws7\"> <span class=\"_ _0\"></span></span></span>and i<span class=\"_ _0\"></span>s calculated based on<span class=\"ws7\"> <span class=\"_ _4\"></span></span>an adj<span class=\"_ _0\"></span>ust<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> Black &amp; Schol<span class=\"_ _0\"></span>es m<span class=\"_ _a\"></span>odel of whi<span class=\"_ _0\"></span>ch t<span class=\"_ _a\"></span>he maincharacteristics are as foll<span class=\"_ _0\"></span>ows:<span class=\"ws7\"> </span>Estimate<span class=\"_ _0\"></span>d Black &amp; Share price (in Grant da<span class=\"_ _0\"></span>te<span class=\"ls7 ws7\"> </span>Div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d yield<span class=\"_ _0\"></span><span class=\"ls7\"> <span class=\"_ _b6\"> </span></span><span class=\"ws170\">V<span class=\"_ _0\"></span>olatili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span></span><span class=\"ls7\"> <span class=\"_ _68\"> </span><span class=\"ls14e ws1b0\">In<span class=\"_ _0\"></span>terest ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span></span> </span>expected Scholes Value EUR)<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>lifet<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>(i<span class=\"_ _6\"></span>n EUR)<span class=\"ls7 ws7\"> </span>2013<span class=\"ls7 ws7\"> </span>57.70 2.50% 29.69 1.36% 5.00 12.72 2014<span class=\"ls7 ws7\"> </span>47.68 2.50% 24.83 0.15% 5.00 5.34 2015<span class=\"ls7 ws7\"> </span>52.77 2.50% 22.29 0.07% 5.00 8.03 2016<span class=\"ls7 ws7\"> </span>60.49 3.00% 19.40 -0.37% 5.00 8.38 2017<span class=\"ls7 ws7\"> </span>62.80 3.00% 18.88 -0.12% 5.00 5.57 2018<span class=\"ls7 ws7\"> </span>48.80 3.00% 18.60 -0.03% 5.00 3.54 2019<span class=\"ls7 ws7\"> </span>54.80 3.00% 19.56 -0.32% 5.00 8.12 2020<span class=\"ls7 ws7\"> </span>43.20 3.00% 23.35 -0.66% 5.00 4.57 2021<span class=\"ls7 ws7\"> </span>56.90 3.00% 24.14 -0.33% 5.00 6.74 2022<span class=\"ls7 ws7\"> </span>58.90 3.00% 25.86 2.8<span class=\"ls7 ws7\">2% </span>5.00 11.73 In <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">2</span></span>, <span class=\"_ _0\"></span>20<span class=\"ls7 ws7\"> <span class=\"_ _0\"></span></span>000 <span class=\"_ _0\"></span>new stock<span class=\"_ _0\"></span> opt<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons were granted wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h an exercise <span class=\"_ _0\"></span>price of EUR <span class=\"_ _0\"></span><span class=\"ws7\">57.70 <span class=\"_ _0\"></span></span>per share. The<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value when granted<span class=\"_ _0\"></span> wasfixed at KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">250</span> <span class=\"_ _1\"></span> and is recorded in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he profit and l<span class=\"_ _0\"></span>oss account<span class=\"_ _a\"></span>s over the vesting per<span class=\"_ _a\"></span>iod of 3 years (20<span class=\"_ _0\"></span><span class=\"ws7\">23-<span class=\"ls14d ws161\">202</span>5</span>).<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>he t<span class=\"_ _a\"></span>otal cost ofthe stock options included<span class=\"_ _0\"></span> in the income stat<span class=\"_ _a\"></span>ement is KUSD<span class=\"_ _0\"></span> <span class=\"ls14d ws161\">140</span><span class=\"ws7\"> <span class=\"ws189\">in 20</span>22 (<span class=\"ls14d ws161\">202</span>1<span class=\"ls152 ws1cc\">: KUSD <span class=\"ls14d ws161\">121</span></span></span>).<span class=\"_ _a\"></span> To cover the outstanding option liabilit<span class=\"_ _6\"></span>ySIPEF has a total of<span class=\"_ _0\"></span> <span class=\"ws7\">1<span class=\"ls14d ws161\">78</span> <span class=\"ls14d ws161\">933</span> <span class=\"ws165\">treasur<span class=\"_ _a\"></span>y sha<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>es in portfoli<span class=\"_ _0\"></span>o. <span class=\"ws7\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-92-2": {
   "value": "Average Total purchase Total purchase   <span class=\"_ _119\"> </span><span class=\"ws166\">Number of shares<span class=\"_ _0\"></span></span> purchase price pri<span class=\"_ _6\"></span>ce (i<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span> KEUR)<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>pri<span class=\"_ _6\"></span>ce (i<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span> KUSD)<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>(i<span class=\"_ _6\"></span>n EUR)<span class=\"ls7 ws7\"> </span>Opening balan<span class=\"_ _0\"></span>ce 31/<span class=\"_ _a\"></span>12/2021<span class=\"ws7\"> </span>178 000<span class=\"ws7\"> </span>53.31 9 490<span class=\"ws7\"> </span>11 521<span class=\"ws7\"> </span>Acquisi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ion of t<span class=\"_ _a\"></span>reasury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 933<span class=\"ws7\"> </span>56.44  <span class=\"ls14d ws161\">166</span>  <span class=\"ls14d ws161\">176</span> Disposal of treasury shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 000</span> 53.31 - <span class=\"ls14d ws161\">107</span> - <span class=\"ls14d ws161\">109</span> Ending balance 31<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>12<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>20<span class=\"_ _0\"></span>22<span class=\"ws7\"> </span>178 933<span class=\"ws7\"> </span>53.37 9 549<span class=\"ls7 ws7\"> </span>11 588<span class=\"ws7\"> </span>The extraordinary general <span class=\"_ _0\"></span>meet<span class=\"_ _a\"></span>ing of<span class=\"_ _0\"></span> shareholders on June<span class=\"_ _0\"></span> 10, 2020 authori<span class=\"_ _0\"></span><span class=\"ws7\">s</span>ed the board o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> directors <span class=\"_ _0\"></span>to purchase own sha<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>es <span class=\"_ _0\"></span>oSIPEF if deemed necessary over a<span class=\"_ _0\"></span> period of 5 years<span class=\"_ _0\"></span> aft<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> the<span class=\"_ _0\"></span> publication of the<span class=\"_ _0\"></span> renewal.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-93-2": {
   "value": "23.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">INC<span class=\"_ _0\"></span>OME TAXES<span class=\"_ _0\"></span></span> The reconcil<span class=\"_ _0\"></span>iatio<span class=\"_ _6\"></span>n betwee<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>tax expenses and<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>ax a<span class=\"_ _0\"></span>t local appl<span class=\"_ _0\"></span>ic<span class=\"_ _6\"></span>abl<span class=\"_ _0\"></span>e t<span class=\"_ _a\"></span>ax rates is as foll<span class=\"_ _0\"></span>ows: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Profit before tax<span class=\"ws7\"> </span>172 557<span class=\"ws7\"> </span>136 637<span class=\"ws7\"> </span>Tax at the appl<span class=\"_ _0\"></span>icable local rates<span class=\"ws7\"> </span>-<span class=\"ws166\">45 989</span> -<span class=\"ws166\">35 039</span> Average appli<span class=\"_ _0\"></span>cab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>ax rate<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-26.65% -25.64% Withholdi<span class=\"_ _0\"></span>ng <span class=\"ws166\">t<span class=\"_ _6\"></span>ax on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> dividend of Hargy Oil Pal<span class=\"_ _0\"></span>ms Lt<span class=\"_ _6\"></span>d<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>-<span class=\"ws165\">7 500</span>  0 Non-<span class=\"ws166\">taxable capi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>al gai<span class=\"_ _0\"></span>n on sale of PT Melania<span class=\"ws7\"> </span></span> 0 2 561<span class=\"ws7\"> </span>Permanent differences<span class=\"ws7\"> </span>-<span class=\"ws165\">3 796</span> -<span class=\"ws165\">1 907</span> Losses of the year <span class=\"_ _0\"></span>for<span class=\"_ _6\"></span> w<span class=\"_ _0\"></span>hich no DTA<span class=\"_ _0\"></span> is recognised<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">128</span> - <span class=\"ls14d ws161\">178</span> Impairment<span class=\"_ _a\"></span> losses <span class=\"_ _0\"></span>recognised on D<span class=\"_ _0\"></span>TA recognised in previ<span class=\"_ _0\"></span>ous years<span class=\"ws7\"> </span>-<span class=\"ws165\">2 003</span> -<span class=\"ws165\">2 560</span> Reversal of impai<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ment losses on DTA<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>eco<span class=\"_ _0\"></span>gnised in previous yea<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">105</span> 2 432<span class=\"ws7\"> </span>Corrections prior year <span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">225</span> -<span class=\"ws165\">1 384</span> Tax expen<span class=\"_ _0\"></span>se<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Average effective tax rate<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-34.50% -26.40% The wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hh<span class=\"_ _0\"></span>olding t<span class=\"_ _a\"></span>ax on<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he divi<span class=\"_ _0\"></span>dend of Hargy <span class=\"_ _0\"></span>O<span class=\"_ _a\"></span>il P<span class=\"_ _0\"></span>alms related to a<span class=\"_ _0\"></span> 15% <span class=\"_ _0\"></span><span class=\"ws7\">Withholding </span>tax payable on a<span class=\"_ _0\"></span> divide<span class=\"_ _0\"></span>nd of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>M<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 50 paid byHargy Oil Pal<span class=\"_ _0\"></span>ms t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> SIPEF. The<span class=\"_ _0\"></span> permanent differences consi<span class=\"_ _0\"></span>st<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>mainly of per<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>an<span class=\"_ _0\"></span>ent<span class=\"_ _a\"></span>ly rejected<span class=\"_ _0\"></span> expenses for <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ax pu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>poses and haveincreased due to the permanently rejected interest cost expenses i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> South Sumat<span class=\"_ _a\"></span>ra group du<span class=\"_ _0\"></span>e t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the Thin capitali<span class=\"_ _0\"></span>sat<span class=\"_ _a\"></span>ion regulationin Indonesia. <span class=\"ws7\"> </span>We received <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> the <span class=\"_ _0\"></span>Indonesian tax authorities<span class=\"_ _0\"></span> the formal ap<span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ov<span class=\"_ _0\"></span>al, t<span class=\"_ _6\"></span>ha<span class=\"_ _0\"></span>t starting<span class=\"_ _0\"></span> from financial<span class=\"_ _0\"></span> year<span class=\"_ _a\"></span> 2014<span class=\"_ _0\"></span> our Indonesian a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>filiatesare allowed to lodge thei<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> tax declaration in USD. From <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he tax authorities in Papua New Guinea the SIPEF group got permission toprepare the <span class=\"_ _0\"></span>tax declaration based<span class=\"_ _0\"></span> on USD<span class=\"_ _0\"></span> accounts from 2015 on<span class=\"_ _0\"></span>wards. For <span class=\"_ _0\"></span><span class=\"ls152 ws179\">SIPEF</span><span class=\"ws7\"> </span>NV and<span class=\"_ _0\"></span> Jabelmalux S<span class=\"_ _0\"></span>A a similar au<span class=\"_ _0\"></span>thor<span class=\"_ _a\"></span>isationhas been obtained <span class=\"_ _0\"></span>with eff<span class=\"_ _6\"></span>ect<span class=\"_ _0\"></span> from the financial<span class=\"_ _0\"></span> year 2016<span class=\"ls14f ws170\">. </span><span class=\"ws7\"> </span>Deferred tax li<span class=\"_ _0\"></span>abilities and asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are of<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>set<span class=\"_ _0\"></span> per taxable<span class=\"_ _0\"></span> entity whi<span class=\"_ _0\"></span>ch leads to <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing split between deferred<span class=\"_ _0\"></span> tax ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts anddeferred tax liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies: <span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 097<span class=\"ws7\"> </span>13 550<span class=\"ws7\"> </span>Deferred tax li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span>-<span class=\"ws166\">48 131</span> -<span class=\"ws166\">46 950</span> Net deferred taxes<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> -<span class=\"ws166\">33 400</span> The movements in net de<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>red t<span class=\"_ _a\"></span>axes<span class=\"_ _0\"></span> (<span class=\"_ _a\"></span>assets <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls151 ws18b\">liabilitie<span class=\"_ _a\"></span>s) a<span class=\"_ _6\"></span>re:<span class=\"ls7 ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening balance<span class=\"ws7\"> </span>-<span class=\"ws166\">33 400</span> -<span class=\"ws166\">30 961</span> Variation (<span class=\"ws7\">- </span>expense) / (+<span class=\"_ _0\"></span> income) t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough income sta<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">109</span> -<span class=\"ws165\">1 352</span> Tax impact of IAS 19<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>rough comprehensive income<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">28</span>  <span class=\"ls14d ws161\">139</span> Tax impact hedge accounting vi<span class=\"_ _0\"></span>a O<span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>I<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">537</span> - <span class=\"ls14d ws161\">226</span> Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">973</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">16</span> - <span class=\"ls14d ws161\">27</span> Closing balance<span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> -<span class=\"ws166\">33 400</span> Deferred taxes in the i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atement<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>the result of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Addition/(utili<span class=\"_ _0\"></span>zat<span class=\"_ _6\"></span>ion) of tax losse<span class=\"_ _0\"></span>s br<span class=\"_ _a\"></span>ought forward<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">149</span> 1 779<span class=\"ws7\"> </span>Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 41 revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">236</span> -<span class=\"ws165\">3 149</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">466</span> -<span class=\"ws165\">2 875</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>pension provision<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">401</span>  <span class=\"ls14d ws161\">561</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r </span> <span class=\"ls14d ws161\">373</span> 2 332<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">109</span> -<span class=\"ws165\">1 352</span> Total deferred tax assets ar<span class=\"_ _a\"></span>e no<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> entirely recognized<span class=\"_ _0\"></span> in the balance sheet<span class=\"_ _a\"></span>. The <span class=\"_ _0\"></span>breakdown of total recognized and unrecogni<span class=\"_ _0\"></span>zeddeferred taxes is as <span class=\"_ _0\"></span>follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>Not recor<span class=\"_ _6\"></span>ded<span class=\"ls7 ws7\"> </span>Recorded Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 175</span>  0 -<span class=\"ws165\">1 175</span> Property, plant and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, including<span class=\"_ _0\"></span> bearer<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ants<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">44 927</span>  0 -<span class=\"ws166\">44 927</span> Inventories -<span class=\"ws165\">6 024</span>  0 -<span class=\"ws165\">6 024</span> Pension<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>si<span class=\"_ _a\"></span>on<span class=\"ws7\"> </span>4 356<span class=\"ws7\"> </span> 0 4 356<span class=\"ws7\"> </span>Tax losses<span class=\"ws7\"> </span>15 927<span class=\"ws7\"> </span>5 553<span class=\"ws7\"> </span>10 375<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"ls7 ws7\"> </span>3 362<span class=\"ws7\"> </span> 0 3 362<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">28 481</span> 5 553<span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> The majority of the unrecognized deferred tax assets at the end of 20<span class=\"ws7\">22 <span class=\"_ _0\"></span></span>are located at the companies of the South Sumatra group(KUSD <span class=\"ls14d ws161\">4 <span class=\"_ _0\"></span>784</span>)<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he Tolan Tiga group rubber activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD <span class=\"ws7\">7<span class=\"ls158 ws199\">63<span class=\"_ _0\"></span></span>)</span>. The set<span class=\"ws7\">-</span>up of and the adjustments to the deferred tax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>sare based on the<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ost<span class=\"_ _0\"></span> recently availabl<span class=\"_ _0\"></span>e long<span class=\"ws7\">-</span>term business plans. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The total tax l<span class=\"_ _0\"></span>osses (<span class=\"_ _a\"></span>recognized and <span class=\"_ _0\"></span>unr<span class=\"_ _a\"></span>ecognized<span class=\"_ _0\"></span>)<span class=\"_ _6\"></span> ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng maturity struc<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>No<span class=\"_ _0\"></span>t <span class=\"_ _a\"></span><span class=\"ls156 ws194\">reco<span class=\"_ _0\"></span>rded<span class=\"ls7 ws7\"> </span></span>Recorded1 year<span class=\"ws7\"> </span>9 189<span class=\"ws7\"> </span>9 189<span class=\"ws7\"> </span> 02 years<span class=\"ws7\"> </span>9 321<span class=\"ws7\"> </span>4 107<span class=\"ws7\"> </span>5 2133 years<span class=\"ws7\"> </span>21 771<span class=\"ws7\"> </span>10 892<span class=\"ws7\"> </span>10 8794 years<span class=\"ws7\"> </span>13 505<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">806</span> 12 6995 years<span class=\"ws7\"> </span>9 349<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">218</span> 9 130Unlim<span class=\"_ _6\"></span>ite<span class=\"_ _a\"></span>d<span class=\"ls7 ws7\"> </span>7 146<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">24</span> 7 122Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>70 280<span class=\"ws7\"> </span>25 236<span class=\"ws7\"> </span>45 044In Indonesia and Papua N<span class=\"_ _0\"></span>ew Guinea the <span class=\"_ _0\"></span>G<span class=\"_ _a\"></span>roup made advan<span class=\"_ _0\"></span>ce payments of <span class=\"_ _0\"></span>taxes i<span class=\"_ _0\"></span>n accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h local<span class=\"_ _0\"></span> legislation. These werepartly based on the<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lts of 20<span class=\"ls14d ws161\">20</span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>and partly on <span class=\"_ _0\"></span>the r<span class=\"_ _a\"></span>esults<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> 202<span class=\"_ _0\"></span><span class=\"ws7\">1 </span>whi<span class=\"_ _0\"></span>ch were both lower than the resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s o<span class=\"_ _0\"></span>f 202<span class=\"ws7\">2</span>.<span class=\"_ _0\"></span> Therefor<span class=\"_ _a\"></span>e, theprepayments of <span class=\"ws7\">taxes<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls152 ws1cc\">of KUSD <span class=\"ls7 ws166\">44 964<span class=\"ws7\"> </span>were bel<span class=\"_ _0\"></span>ow the <span class=\"ws7\">taxes </span>to be pa<span class=\"_ _0\"></span>id of KUSD 59<span class=\"_ _0\"></span> 427<span class=\"ws7\">.<span class=\"_ _a\"></span> </span></span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Taxes to receive<span class=\"ws7\"> </span>1 100<span class=\"ws7\"> </span>1 469<span class=\"ws7\"> </span>Taxes to pay<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">33 440</span> -<span class=\"ws166\">19 346</span> Net taxes to rece<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ve<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>(to<span class=\"_ _0\"></span> pay)<span class=\"ws7\"> </span>-<span class=\"ws166\">32 340</span> -<span class=\"ws166\">17 877</span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Net taxes to <span class=\"ls155 ws18d\">receive/<span class=\"_ _a\"></span>(to pay) at the<span class=\"_ _a\"></span> beginni<span class=\"_ _a\"></span>ng of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>-<span class=\"ws166\">17 877</span> 7 079<span class=\"ws7\"> </span>Change con<span class=\"_ _0\"></span>sol<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion scope<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">211</span> Transfer  0  <span class=\"ls14d ws161\">15</span> Taxes to pay<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">59 427</span> -<span class=\"ws166\">34 722</span> Paid taxes<span class=\"ws7\"> </span>44 964<span class=\"ws7\"> </span>9 962<span class=\"ws7\"> </span>Net taxes to rece<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ve<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>(to<span class=\"_ _0\"></span> pay) at the end of<span class=\"_ _0\"></span> the period<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">32 340</span> -<span class=\"ws166\">17 877</span> Taxes <span class=\"ws166\">paid as presented i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> consolidated cash flow sta<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ement ar<span class=\"_ _0\"></span>e detailed as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Tax expense<span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Deferred tax<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">109</span> 1 353<span class=\"ws7\"> </span>Current taxes<span class=\"ws7\"> </span>-<span class=\"ws166\">59 427</span> -<span class=\"ws166\">34 722</span> Variation prepai<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>axe<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">369</span> 10 101<span class=\"ws7\"> </span>Variation payab<span class=\"_ _0\"></span>le taxes<span class=\"_ _6\"></span><span class=\"ws7\"> </span>14 094<span class=\"ls7 ws7\"> </span>14 658<span class=\"ws7\"> </span>Paid taxes<span class=\"ws7\"> </span>-<span class=\"ws166\">44 964</span> -<span class=\"ws165\">9 962</span> There are no material unrecorded uncertain <span class=\"_ _0\"></span>tax positions within the <span class=\"_ _0\"></span>SIPEF group.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-95-3": {
   "value": "Deferred tax li<span class=\"_ _0\"></span>abilities and asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> are of<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>set<span class=\"_ _0\"></span> per taxable<span class=\"_ _0\"></span> entity whi<span class=\"_ _0\"></span>ch leads to <span class=\"_ _0\"></span>the follow<span class=\"_ _0\"></span>ing split between deferred<span class=\"_ _0\"></span> tax ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts anddeferred tax liabi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies: <span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Deferred tax assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 097<span class=\"ws7\"> </span>13 550<span class=\"ws7\"> </span>Deferred tax li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span>-<span class=\"ws166\">48 131</span> -<span class=\"ws166\">46 950</span> Net deferred taxes<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> -<span class=\"ws166\">33 400</span> The movements in net de<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>er<span class=\"_ _0\"></span>red t<span class=\"_ _a\"></span>axes<span class=\"_ _0\"></span> (<span class=\"_ _a\"></span>assets <span class=\"_ _0\"></span><span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ls151 ws18b\">liabilitie<span class=\"_ _a\"></span>s) a<span class=\"_ _6\"></span>re:<span class=\"ls7 ws7\"> </span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Opening balance<span class=\"ws7\"> </span>-<span class=\"ws166\">33 400</span> -<span class=\"ws166\">30 961</span> Variation (<span class=\"ws7\">- </span>expense) / (+<span class=\"_ _0\"></span> income) t<span class=\"_ _a\"></span>h<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ough income sta<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">109</span> -<span class=\"ws165\">1 352</span> Tax impact of IAS 19<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>rough comprehensive income<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">28</span>  <span class=\"ls14d ws161\">139</span> Tax impact hedge accounting vi<span class=\"_ _0\"></span>a O<span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>I<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">537</span> - <span class=\"ls14d ws161\">226</span> Change i<span class=\"_ _0\"></span>n consol<span class=\"_ _a\"></span>idation scope<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">973</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">16</span> - <span class=\"ls14d ws161\">27</span> Closing balance<span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> -<span class=\"ws166\">33 400</span> Deferred taxes in the i<span class=\"_ _0\"></span>ncom<span class=\"_ _a\"></span>e s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>atement<span class=\"_ _0\"></span> ar<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>the result of<span class=\"_ _0\"></span>:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Addition/(utili<span class=\"_ _0\"></span>zat<span class=\"_ _6\"></span>ion) of tax losse<span class=\"_ _0\"></span>s br<span class=\"_ _a\"></span>ought forward<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">149</span> 1 779<span class=\"ws7\"> </span>Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>I<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>S 41 revalua<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">236</span> -<span class=\"ws165\">3 149</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>xed assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">466</span> -<span class=\"ws165\">2 875</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- </span>pension provision<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">401</span>  <span class=\"ls14d ws161\">561</span> Origin/(reversal) of temporary differences <span class=\"_ _0\"></span><span class=\"ws7\">- ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r </span> <span class=\"ls14d ws161\">373</span> 2 332<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">109</span> -<span class=\"ws165\">1 352</span> Total deferred tax assets ar<span class=\"_ _a\"></span>e no<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> entirely recognized<span class=\"_ _0\"></span> in the balance sheet<span class=\"_ _a\"></span>. The <span class=\"_ _0\"></span>breakdown of total recognized and unrecogni<span class=\"_ _0\"></span>zeddeferred taxes is as <span class=\"_ _0\"></span>follows:<span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>Not recor<span class=\"_ _6\"></span>ded<span class=\"ls7 ws7\"> </span>Recorded Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">1 175</span>  0 -<span class=\"ws165\">1 175</span> Property, plant and equi<span class=\"_ _0\"></span>pm<span class=\"_ _a\"></span>ent, including<span class=\"_ _0\"></span> bearer<span class=\"_ _6\"></span> pl<span class=\"_ _0\"></span>ants<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">44 927</span>  0 -<span class=\"ws166\">44 927</span> Inventories -<span class=\"ws165\">6 024</span>  0 -<span class=\"ws165\">6 024</span> Pension<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>ovi<span class=\"_ _0\"></span>si<span class=\"_ _a\"></span>on<span class=\"ws7\"> </span>4 356<span class=\"ws7\"> </span> 0 4 356<span class=\"ws7\"> </span>Tax losses<span class=\"ws7\"> </span>15 927<span class=\"ws7\"> </span>5 553<span class=\"ws7\"> </span>10 375<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>rs<span class=\"ls7 ws7\"> </span>3 362<span class=\"ws7\"> </span> 0 3 362<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>-<span class=\"ws166\">28 481</span> 5 553<span class=\"ws7\"> </span>-<span class=\"ws166\">34 034</span> The majority of the unrecognized deferred tax assets at the end of 20<span class=\"ws7\">22 <span class=\"_ _0\"></span></span>are located at the companies of the South Sumatra group(KUSD <span class=\"ls14d ws161\">4 <span class=\"_ _0\"></span>784</span>)<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he Tolan Tiga group rubber activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es (K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD <span class=\"ws7\">7<span class=\"ls158 ws199\">63<span class=\"_ _0\"></span></span>)</span>. The set<span class=\"ws7\">-</span>up of and the adjustments to the deferred tax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>sare based on the<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>ost<span class=\"_ _0\"></span> recently availabl<span class=\"_ _0\"></span>e long<span class=\"ws7\">-</span>term business plans. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The total tax l<span class=\"_ _0\"></span>osses (<span class=\"_ _a\"></span>recognized and <span class=\"_ _0\"></span>unr<span class=\"_ _a\"></span>ecognized<span class=\"_ _0\"></span>)<span class=\"_ _6\"></span> ha<span class=\"_ _0\"></span>ve t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng maturity struc<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>No<span class=\"_ _0\"></span>t <span class=\"_ _a\"></span><span class=\"ls156 ws194\">reco<span class=\"_ _0\"></span>rded<span class=\"ls7 ws7\"> </span></span>Recorded1 year<span class=\"ws7\"> </span>9 189<span class=\"ws7\"> </span>9 189<span class=\"ws7\"> </span> 02 years<span class=\"ws7\"> </span>9 321<span class=\"ws7\"> </span>4 107<span class=\"ws7\"> </span>5 2133 years<span class=\"ws7\"> </span>21 771<span class=\"ws7\"> </span>10 892<span class=\"ws7\"> </span>10 8794 years<span class=\"ws7\"> </span>13 505<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">806</span> 12 6995 years<span class=\"ws7\"> </span>9 349<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">218</span> 9 130Unlim<span class=\"_ _6\"></span>ite<span class=\"_ _a\"></span>d<span class=\"ls7 ws7\"> </span>7 146<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">24</span> 7 122Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>70 280<span class=\"ws7\"> </span>25 236<span class=\"ws7\"> </span>45 044",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-97-3": {
   "value": "In Indonesia and Papua N<span class=\"_ _0\"></span>ew Guinea the <span class=\"_ _0\"></span>G<span class=\"_ _a\"></span>roup made advan<span class=\"_ _0\"></span>ce payments of <span class=\"_ _0\"></span>taxes i<span class=\"_ _0\"></span>n accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h local<span class=\"_ _0\"></span> legislation. These werepartly based on the<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>esu<span class=\"_ _0\"></span>lts of 20<span class=\"ls14d ws161\">20</span><span class=\"ws7\"> <span class=\"_ _0\"></span></span>and partly on <span class=\"_ _0\"></span>the r<span class=\"_ _a\"></span>esults<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> 202<span class=\"_ _0\"></span><span class=\"ws7\">1 </span>whi<span class=\"_ _0\"></span>ch were both lower than the resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s o<span class=\"_ _0\"></span>f 202<span class=\"ws7\">2</span>.<span class=\"_ _0\"></span> Therefor<span class=\"_ _a\"></span>e, theprepayments of <span class=\"ws7\">taxes<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls152 ws1cc\">of KUSD <span class=\"ls7 ws166\">44 964<span class=\"ws7\"> </span>were bel<span class=\"_ _0\"></span>ow the <span class=\"ws7\">taxes </span>to be pa<span class=\"_ _0\"></span>id of KUSD 59<span class=\"_ _0\"></span> 427<span class=\"ws7\">.<span class=\"_ _a\"></span> </span></span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Taxes to receive<span class=\"ws7\"> </span>1 100<span class=\"ws7\"> </span>1 469<span class=\"ws7\"> </span>Taxes to pay<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">33 440</span> -<span class=\"ws166\">19 346</span> Net taxes to rece<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ve<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>(to<span class=\"_ _0\"></span> pay)<span class=\"ws7\"> </span>-<span class=\"ws166\">32 340</span> -<span class=\"ws166\">17 877</span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Net taxes to <span class=\"ls155 ws18d\">receive/<span class=\"_ _a\"></span>(to pay) at the<span class=\"_ _a\"></span> beginni<span class=\"_ _a\"></span>ng of the peri<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>-<span class=\"ws166\">17 877</span> 7 079<span class=\"ws7\"> </span>Change con<span class=\"_ _0\"></span>sol<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion scope<span class=\"ws7\"> </span> 0 - <span class=\"ls14d ws161\">211</span> Transfer  0  <span class=\"ls14d ws161\">15</span> Taxes to pay<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">59 427</span> -<span class=\"ws166\">34 722</span> Paid taxes<span class=\"ws7\"> </span>44 964<span class=\"ws7\"> </span>9 962<span class=\"ws7\"> </span>Net taxes to rece<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ve<span class=\"_ _0\"></span>/<span class=\"_ _6\"></span>(to<span class=\"_ _0\"></span> pay) at the end of<span class=\"_ _0\"></span> the period<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">32 340</span> -<span class=\"ws166\">17 877</span> Taxes <span class=\"ws166\">paid as presented i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> consolidated cash flow sta<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ement ar<span class=\"_ _0\"></span>e detailed as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Tax expense<span class=\"ws7\"> </span>-<span class=\"ws166\">59 536</span> -<span class=\"ws166\">36 075</span> Deferred tax<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">109</span> 1 353<span class=\"ws7\"> </span>Current taxes<span class=\"ws7\"> </span>-<span class=\"ws166\">59 427</span> -<span class=\"ws166\">34 722</span> Variation prepai<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>axe<span class=\"_ _0\"></span>s<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">369</span> 10 101<span class=\"ws7\"> </span>Variation payab<span class=\"_ _0\"></span>le taxes<span class=\"_ _6\"></span><span class=\"ws7\"> </span>14 094<span class=\"ls7 ws7\"> </span>14 658<span class=\"ws7\"> </span>Paid taxes<span class=\"ws7\"> </span>-<span class=\"ws166\">44 964</span> -<span class=\"ws165\">9 962</span> There are no material unrecorded uncertain <span class=\"_ _0\"></span>tax positions within the <span class=\"_ _0\"></span>SIPEF group.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-98-2": {
   "value": "24.<span class=\"ff9a\"> <span class=\"_\"> </span></span>INVESTMENTS IN ASSOCIATES AND JOINT VENTURES The SIPEF group ha<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ag<span class=\"_ _0\"></span>e of<span class=\"_ _a\"></span> control an<span class=\"_ _0\"></span>d percentage of i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>eres<span class=\"_ _0\"></span>t in the associ<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>es and joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>En<span class=\"_ _0\"></span>ti<span class=\"_ _a\"></span>ty<span class=\"ls7 ws7\"> </span>Locati<span class=\"_ _6\"></span>on<span class=\"ls7 ws7\"> </span>% of c<span class=\"_ _a\"></span>ontrol<span class=\"ls7 ws7\"> </span>% of <span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>38.00 38.00 PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>38.00 36.10 An associate i<span class=\"_ _0\"></span>s an ent<span class=\"_ _a\"></span>ity over which the Group has signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant influence. A joint venture is a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _a\"></span>rangement whereby the <span class=\"_ _0\"></span>partiesthat have joint control<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the arrangement have<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ghts to the net ass<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>s of the a<span class=\"_ _0\"></span>rr<span class=\"_ _a\"></span>angement. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup has no j<span class=\"_ _0\"></span>oint venture<span class=\"_ _0\"></span><span class=\"ws7\">s.  </span>The investments in associates and<span class=\"_ _0\"></span> joint ventures<span class=\"_ _0\"></span> consist of V<span class=\"_ _0\"></span>erdant Bioscien<span class=\"_ _0\"></span>ce and PT Timbang Del<span class=\"_ _0\"></span>i, bot<span class=\"_ _6\"></span>h acti<span class=\"_ _0\"></span>ve in tr<span class=\"_ _6\"></span>op<span class=\"_ _0\"></span>icalagriculture.  Verdant Biosci<span class=\"_ _0\"></span>ence<span class=\"ws7\"> </span>Pte Lt<span class=\"_ _a\"></span>d (VBS) is a company l<span class=\"_ _0\"></span>ocated in Singapor<span class=\"_ _6\"></span>e. As of 1<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Jan<span class=\"_ _0\"></span>uar<span class=\"_ _a\"></span>y 2014, <span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>Group holds a 38% interest in VBS.The company is a coo<span class=\"_ _0\"></span>per<span class=\"_ _a\"></span>ation between Ackermans &amp; Van Haaren (4<span class=\"ls14f ws170\">2%), <span class=\"ls152 ws179\">SIPEF</span></span> <span class=\"ls14e ws1b0\">NV (3<span class=\"_ _0\"></span>8%)</span><span class=\"ws165\">, PT Dharma Satya Nusantara (10%</span>) <span class=\"_ _6\"></span>andBiosi<span class=\"_ _0\"></span>ng Pte (<span class=\"_ _a\"></span>10%) with the objective of conducting research<span class=\"_ _0\"></span> into and de<span class=\"_ _0\"></span>veloping high<span class=\"_ _0\"></span>-yielding seeds wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h a v<span class=\"_ _0\"></span>iew to commercializi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>gthe<span class=\"_ _0\"></span>m. <span class=\"ls7 ws7\"> </span>The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p <span class=\"_ _4\"></span></span>holds <span class=\"_ _4\"></span><span class=\"ws187\">via Verdant<span class=\"_ _0\"></span> Bioscience Pte Ltd<span class=\"_ _0\"></span> a 36</span>.10% pa<span class=\"_ _0\"></span>rt<span class=\"_ _a\"></span>icipa<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on in PT Timbang<span class=\"_ _0\"></span> Deli, a co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>ny located on the<span class=\"_ _0\"></span> island ofSumatra in Indonesia. PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli is <span class=\"_ _0\"></span>engaged <span class=\"_ _6\"></span>in cultivation of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws160\">palm oil an<span class=\"_ _0\"></span>d rubber and</span> <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ovides <span class=\"_ _0\"></span>the practical operation of theGroup's research activities. Foll<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>wi<span class=\"_ _0\"></span>ng the Share S<span class=\"_ _a\"></span>wap agreement with Verdant Bioscience Pte Ltd the <span class=\"ls152 ws179\">SIPEF</span><span class=\"ws7\"> </span>group contr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>buted 95%of the total numbe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> of shares o<span class=\"_ _0\"></span>f PT Timbang Del<span class=\"_ _0\"></span>i to Verdant Bioscience Pte Ltd.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>T<span class=\"ws166\">he total </span>section <span class=\"ws166\">\"investments in <span class=\"_ _0\"></span>associates and joint ventures\" can <span class=\"_ _0\"></span>be summarized as foll<span class=\"_ _0\"></span>ows: </span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>3 801<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span> - <span class=\"ls14d ws161\">749</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>3 032<span class=\"ws7\"> </span>3 598<span class=\"ws7\"> </span>During the first four<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hs<span class=\"_ _0\"></span> of 2021, PT Mel<span class=\"_ _0\"></span>ania <span class=\"ws7\">w<span class=\"_ _0\"></span>as </span>i<span class=\"_ _0\"></span>ncluded in the consol<span class=\"_ _0\"></span>idation as a j<span class=\"_ _0\"></span>oint ventur<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span><span class=\"ws7\"> </span>be<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ore<span class=\"_ _0\"></span> being classi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied as anasset held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _a\"></span> <span class=\"ls14f ws7\">Th<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>tal <span class=\"_ _0\"></span><span class=\"ls7\">sect<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"ws166\">\"Share of results of associated <span class=\"_ _0\"></span>companies</span> <span class=\"ws166\">and j<span class=\"_ _0\"></span>oint vent<span class=\"_ _a\"></span>ures\" can be su<span class=\"_ _0\"></span>mm<span class=\"_ _a\"></span>arized as <span class=\"_ _0\"></span>fo<span class=\"ws7\">llows: </span></span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> 0 -<span class=\"ls14d ws161\">59</span> Total<span class=\"_ _6\"></span> result<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">566</span> -<span class=\"ws165\">1 0<span class=\"ls14d ws161\">91</span></span> Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>esent the condensed statement<span class=\"_ _a\"></span>s of financial po<span class=\"_ _0\"></span>siti<span class=\"_ _6\"></span>on of the associated <span class=\"_ _0\"></span>companies and joint vent<span class=\"_ _a\"></span>ures. These are preparedin accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS and are before i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ercompany elimination<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>and excludi<span class=\"_ _0\"></span>ng good<span class=\"_ _a\"></span>will.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0 3 546<span class=\"ws7\"> </span>3 772<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span><span class=\"ls7\">-<span class=\"ws166\">current assets</span> </span>23 886<span class=\"ws7\"> </span>23 876<span class=\"ws7\"> </span>6 275<span class=\"ws7\"> </span>6 727<span class=\"ws7\"> </span>Current assets<span class=\"ws7\"> </span>13 723<span class=\"ws7\"> </span>14 077<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">892</span> 1 276<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">248</span>  <span class=\"ls14d ws161\">129</span>  <span class=\"ls14d ws161\">206</span>  <span class=\"ls14d ws161\">225</span> Total assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>37 856<span class=\"ws7\"> </span>38 083<span class=\"ws7\"> </span>10 919<span class=\"ws7\"> </span>12 000<span class=\"ws7\"> </span>Non-<span class=\"ws166\">current liabil<span class=\"_ _0\"></span>iti<span class=\"_ _a\"></span>es<span class=\"ws7\"> </span></span>- <span class=\"ls14d ws161\">14</span> - <span class=\"ls14d ws161\">14</span> 1 341<span class=\"ws7\"> </span>1 271<span class=\"ws7\"> </span>Long <span class=\"ls7 ws166\">ter<span class=\"_ _a\"></span>m financi<span class=\"_ _0\"></span>al debts<span class=\"ws7\"> </span></span> 0  0  0  0 Cur<span class=\"_ _a\"></span>ren<span class=\"_ _6\"></span>t liabil<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>21 707<span class=\"ws7\"> </span>20 497<span class=\"ws7\"> </span>13 945<span class=\"ws7\"> </span>15 039<span class=\"ws7\"> </span>Short term financi<span class=\"_ _0\"></span>al debts<span class=\"ws7\"> </span> 0  0  0  0 Eq<span class=\"_ _0\"></span>uity<span class=\"ls7 ws7\"> </span>16 162<span class=\"ws7\"> </span>17 599<span class=\"ws7\"> </span>-<span class=\"ws165\">4 367</span> -<span class=\"ws165\">4 311</span> To<span class=\"_ _0\"></span>tal eq<span class=\"_ _0\"></span>uity an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>37 856<span class=\"ws7\"> </span>38 083<span class=\"ws7\"> </span>10 919<span class=\"ws7\"> </span>12 000<span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we present the condensed i<span class=\"_ _0\"></span>ncome st<span class=\"_ _6\"></span>ate<span class=\"_ _0\"></span>ments of the associ<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>panies and <span class=\"_ _0\"></span>joint ventures.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>hese are prepar<span class=\"_ _a\"></span>ed inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h IFR<span class=\"_ _0\"></span>S and are befor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> intercom<span class=\"_ _a\"></span>pany eli<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>inations and <span class=\"_ _0\"></span>excluding goodwill. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inclusion i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he consoli<span class=\"_ _0\"></span>dation:<span class=\"_ _6\"></span><span class=\"ws7\"> </span>38.00% 38.00% 36.10% 36.10% Revenue   0  0 5 056<span class=\"ws7\"> </span>3 319<span class=\"ws7\"> </span>Depreciation  <span class=\"ls14d ws161\">48</span>  <span class=\"ls14d ws161\">10</span>  <span class=\"ls14d ws161\">841</span>  <span class=\"ls14d ws161\">920</span> Inter<span class=\"_ _a\"></span>est i<span class=\"_ _0\"></span>ncome<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">200</span>  <span class=\"ls14d ws161\">33</span>  5  3 Inter<span class=\"_ _a\"></span>est charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0  0 - <span class=\"ls14d ws161\">200</span> - <span class=\"ls14d ws161\">33</span> Total <span class=\"ws165\">comprehensive income</span> -<span class=\"ws165\">1 436</span> -<span class=\"ws165\">1 486</span> - <span class=\"ls14d ws161\">56</span> -<span class=\"ws165\">1 295</span> Share in the consolidation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Total share of the group<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Total share minorities<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0  0  0  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Reconc<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ation of the<span class=\"_ _0\"></span> <span class=\"ls153 ws1cb\">associa<span class=\"_ _0\"></span>ted co<span class=\"_ _a\"></span>mpa<span class=\"_ _0\"></span>nies and jo<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>t ventur<span class=\"_ _0\"></span>es<span class=\"ls7 ws7\"> </span></span>The below<span class=\"_ _0\"></span> tables are prepared in acco<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>dance<span class=\"_ _0\"></span> based on the<span class=\"_ _0\"></span> IFRS finan<span class=\"_ _0\"></span>cial statement<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> as includ<span class=\"_ _0\"></span>ed in the consol<span class=\"_ _0\"></span>idation, in accor<span class=\"_ _0\"></span>dancewith the accounting pol<span class=\"_ _0\"></span>icies of the SIPEF group, before goodw<span class=\"_ _0\"></span>ill allocation.<span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equity wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ho<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span> goodwill<span class=\"ws7\"> </span>16 161<span class=\"ws7\"> </span>17 599<span class=\"ws7\"> </span>-<span class=\"ws165\">4 367</span> -<span class=\"ws165\">4 311</span> Share of the group<span class=\"_ _0\"></span><span class=\"ws7\"> </span>6 141<span class=\"ws7\"> </span>6 687<span class=\"ws7\"> </span>-<span class=\"ws165\">1 576</span> -<span class=\"ws165\">1 556</span> Goodwill 0 0  <span class=\"ls14d ws161\">807</span>  <span class=\"ls14d ws161\">807</span> Equity eli<span class=\"_ _0\"></span>minatio<span class=\"_ _6\"></span>n P<span class=\"_ _0\"></span>T Timbang Deli<span class=\"ws7\"> </span>-<span class=\"ws165\">2 340</span> -<span class=\"ws165\">2 340</span>  0  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>3 801<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span> - <span class=\"ls14d ws161\">749</span> Dividen<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span>s rec<span class=\"_ _0\"></span>eived from<span class=\"_ _0\"></span> associ<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> comp<span class=\"_ _0\"></span>anies and j<span class=\"_ _0\"></span>oint ventur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>During the year <span class=\"ls14d ws161\">no</span><span class=\"ws7\"> </span>divide<span class=\"_ _0\"></span>nds were received<span class=\"ws7\"> </span>from associated compa<span class=\"_ _0\"></span>nies and joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures. <span class=\"ffd5 fs30 ws7\"> </span>There are no restrictions on <span class=\"_ _0\"></span>the transfers of funds to<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span><span class=\"ws7\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-98-3": {
   "value": "24.<span class=\"ff9a\"> <span class=\"_\"> </span></span>INVESTMENTS IN ASSOCIATES AND JOINT VENTURES The SIPEF group ha<span class=\"_ _0\"></span>s t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>cen<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ag<span class=\"_ _0\"></span>e of<span class=\"_ _a\"></span> control an<span class=\"_ _0\"></span>d percentage of i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>eres<span class=\"_ _0\"></span>t in the associ<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>es and joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>En<span class=\"_ _0\"></span>ti<span class=\"_ _a\"></span>ty<span class=\"ls7 ws7\"> </span>Locati<span class=\"_ _6\"></span>on<span class=\"ls7 ws7\"> </span>% of c<span class=\"_ _a\"></span>ontrol<span class=\"ls7 ws7\"> </span>% of <span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>Singap<span class=\"_ _0\"></span>or<span class=\"_ _6\"></span>e <span class=\"_ _0\"></span>/<span class=\"_ _6\"></span> R<span class=\"_ _0\"></span>epublic of Singap<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>e<span class=\"ws7\"> </span>38.00 38.00 PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>Medan / Indonesia<span class=\"_ _0\"></span><span class=\"ws7\"> </span>38.00 36.10 An associate i<span class=\"_ _0\"></span>s an ent<span class=\"_ _a\"></span>ity over which the Group has signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant influence. A joint venture is a joi<span class=\"_ _0\"></span>nt ar<span class=\"_ _a\"></span>rangement whereby the <span class=\"_ _0\"></span>partiesthat have joint control<span class=\"_ _0\"></span> of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the arrangement have<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ghts to the net ass<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span>s of the a<span class=\"_ _0\"></span>rr<span class=\"_ _a\"></span>angement. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup has no j<span class=\"_ _0\"></span>oint venture<span class=\"_ _0\"></span><span class=\"ws7\">s.  </span>The investments in associates and<span class=\"_ _0\"></span> joint ventures<span class=\"_ _0\"></span> consist of V<span class=\"_ _0\"></span>erdant Bioscien<span class=\"_ _0\"></span>ce and PT Timbang Del<span class=\"_ _0\"></span>i, bot<span class=\"_ _6\"></span>h acti<span class=\"_ _0\"></span>ve in tr<span class=\"_ _6\"></span>op<span class=\"_ _0\"></span>icalagriculture.  Verdant Biosci<span class=\"_ _0\"></span>ence<span class=\"ws7\"> </span>Pte Lt<span class=\"_ _a\"></span>d (VBS) is a company l<span class=\"_ _0\"></span>ocated in Singapor<span class=\"_ _6\"></span>e. As of 1<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Jan<span class=\"_ _0\"></span>uar<span class=\"_ _a\"></span>y 2014, <span class=\"ls14f ws170\">th<span class=\"_ _0\"></span>e </span>Group holds a 38% interest in VBS.The company is a coo<span class=\"_ _0\"></span>per<span class=\"_ _a\"></span>ation between Ackermans &amp; Van Haaren (4<span class=\"ls14f ws170\">2%), <span class=\"ls152 ws179\">SIPEF</span></span> <span class=\"ls14e ws1b0\">NV (3<span class=\"_ _0\"></span>8%)</span><span class=\"ws165\">, PT Dharma Satya Nusantara (10%</span>) <span class=\"_ _6\"></span>andBiosi<span class=\"_ _0\"></span>ng Pte (<span class=\"_ _a\"></span>10%) with the objective of conducting research<span class=\"_ _0\"></span> into and de<span class=\"_ _0\"></span>veloping high<span class=\"_ _0\"></span>-yielding seeds wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h a v<span class=\"_ _0\"></span>iew to commercializi<span class=\"_ _0\"></span>n<span class=\"_ _6\"></span>gthe<span class=\"_ _0\"></span>m. <span class=\"ls7 ws7\"> </span>The <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p <span class=\"_ _4\"></span></span>holds <span class=\"_ _4\"></span><span class=\"ws187\">via Verdant<span class=\"_ _0\"></span> Bioscience Pte Ltd<span class=\"_ _0\"></span> a 36</span>.10% pa<span class=\"_ _0\"></span>rt<span class=\"_ _a\"></span>icipa<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on in PT Timbang<span class=\"_ _0\"></span> Deli, a co<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>pa<span class=\"_ _0\"></span>ny located on the<span class=\"_ _0\"></span> island ofSumatra in Indonesia. PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli is <span class=\"_ _0\"></span>engaged <span class=\"_ _6\"></span>in cultivation of<span class=\"_ _a\"></span> <span class=\"_ _0\"></span><span class=\"ws160\">palm oil an<span class=\"_ _0\"></span>d rubber and</span> <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>ovides <span class=\"_ _0\"></span>the practical operation of theGroup's research activities. Foll<span class=\"_ _0\"></span>o<span class=\"_ _6\"></span>wi<span class=\"_ _0\"></span>ng the Share S<span class=\"_ _a\"></span>wap agreement with Verdant Bioscience Pte Ltd the <span class=\"ls152 ws179\">SIPEF</span><span class=\"ws7\"> </span>group contr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>buted 95%of the total numbe<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> of shares o<span class=\"_ _0\"></span>f PT Timbang Del<span class=\"_ _0\"></span>i to Verdant Bioscience Pte Ltd.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>T<span class=\"ws166\">he total </span>section <span class=\"ws166\">\"investments in <span class=\"_ _0\"></span>associates and joint ventures\" can <span class=\"_ _0\"></span>be summarized as foll<span class=\"_ _0\"></span>ows: </span> In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>3 801<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span> - <span class=\"ls14d ws161\">749</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>3 032<span class=\"ws7\"> </span>3 598<span class=\"ws7\"> </span>During the first four<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hs<span class=\"_ _0\"></span> of 2021, PT Mel<span class=\"_ _0\"></span>ania <span class=\"ws7\">w<span class=\"_ _0\"></span>as </span>i<span class=\"_ _0\"></span>ncluded in the consol<span class=\"_ _0\"></span>idation as a j<span class=\"_ _0\"></span>oint ventur<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span><span class=\"ws7\"> </span>be<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>ore<span class=\"_ _0\"></span> being classi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>ied as anasset held for sal<span class=\"_ _0\"></span>e.<span class=\"_ _a\"></span> <span class=\"ls14f ws7\">Th<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>tal <span class=\"_ _0\"></span><span class=\"ls7\">sect<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on <span class=\"ws166\">\"Share of results of associated <span class=\"_ _0\"></span>companies</span> <span class=\"ws166\">and j<span class=\"_ _0\"></span>oint vent<span class=\"_ _a\"></span>ures\" can be su<span class=\"_ _0\"></span>mm<span class=\"_ _a\"></span>arized as <span class=\"_ _0\"></span>fo<span class=\"ws7\">llows: </span></span></span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Verdant Bioscien<span class=\"_ _0\"></span>ce Pt<span class=\"_ _a\"></span>e Ltd<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ba<span class=\"_ _0\"></span>ng Deli Indonesia<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> PT Melani<span class=\"_ _0\"></span>a I<span class=\"_ _a\"></span>ndonesia<span class=\"ws7\"> </span> 0 -<span class=\"ls14d ws161\">59</span> Total<span class=\"_ _6\"></span> result<span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">566</span> -<span class=\"ws165\">1 0<span class=\"ls14d ws161\">91</span></span> Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we <span class=\"_ _0\"></span>pr<span class=\"_ _a\"></span>esent the condensed statement<span class=\"_ _a\"></span>s of financial po<span class=\"_ _0\"></span>siti<span class=\"_ _6\"></span>on of the associated <span class=\"_ _0\"></span>companies and joint vent<span class=\"_ _a\"></span>ures. These are preparedin accordance wi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>h IFRS and are before i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>ercompany elimination<span class=\"_ _0\"></span>s <span class=\"_ _a\"></span>and excludi<span class=\"_ _0\"></span>ng good<span class=\"_ _a\"></span>will.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Biol<span class=\"_ _0\"></span>og<span class=\"_ _6\"></span>ical<span class=\"_ _0\"></span> assets<span class=\"_ _6\"></span><span class=\"ws7\"> </span> 0  0 3 546<span class=\"ws7\"> </span>3 772<span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span><span class=\"ls7\">-<span class=\"ws166\">current assets</span> </span>23 886<span class=\"ws7\"> </span>23 876<span class=\"ws7\"> </span>6 275<span class=\"ws7\"> </span>6 727<span class=\"ws7\"> </span>Current assets<span class=\"ws7\"> </span>13 723<span class=\"ws7\"> </span>14 077<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">892</span> 1 276<span class=\"ws7\"> </span>Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">248</span>  <span class=\"ls14d ws161\">129</span>  <span class=\"ls14d ws161\">206</span>  <span class=\"ls14d ws161\">225</span> Total assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>37 856<span class=\"ws7\"> </span>38 083<span class=\"ws7\"> </span>10 919<span class=\"ws7\"> </span>12 000<span class=\"ws7\"> </span>Non-<span class=\"ws166\">current liabil<span class=\"_ _0\"></span>iti<span class=\"_ _a\"></span>es<span class=\"ws7\"> </span></span>- <span class=\"ls14d ws161\">14</span> - <span class=\"ls14d ws161\">14</span> 1 341<span class=\"ws7\"> </span>1 271<span class=\"ws7\"> </span>Long <span class=\"ls7 ws166\">ter<span class=\"_ _a\"></span>m financi<span class=\"_ _0\"></span>al debts<span class=\"ws7\"> </span></span> 0  0  0  0 Cur<span class=\"_ _a\"></span>ren<span class=\"_ _6\"></span>t liabil<span class=\"_ _6\"></span>ities<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>21 707<span class=\"ws7\"> </span>20 497<span class=\"ws7\"> </span>13 945<span class=\"ws7\"> </span>15 039<span class=\"ws7\"> </span>Short term financi<span class=\"_ _0\"></span>al debts<span class=\"ws7\"> </span> 0  0  0  0 Eq<span class=\"_ _0\"></span>uity<span class=\"ls7 ws7\"> </span>16 162<span class=\"ws7\"> </span>17 599<span class=\"ws7\"> </span>-<span class=\"ws165\">4 367</span> -<span class=\"ws165\">4 311</span> To<span class=\"_ _0\"></span>tal eq<span class=\"_ _0\"></span>uity an<span class=\"_ _0\"></span>d <span class=\"_ _0\"></span>liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>37 856<span class=\"ws7\"> </span>38 083<span class=\"ws7\"> </span>10 919<span class=\"ws7\"> </span>12 000<span class=\"ws7\"> </span>Below<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>we present the condensed i<span class=\"_ _0\"></span>ncome st<span class=\"_ _6\"></span>ate<span class=\"_ _0\"></span>ments of the associ<span class=\"_ _0\"></span>at<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>panies and <span class=\"_ _0\"></span>joint ventures.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>hese are prepar<span class=\"_ _a\"></span>ed inaccordance wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h IFR<span class=\"_ _0\"></span>S and are befor<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> intercom<span class=\"_ _a\"></span>pany eli<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>inations and <span class=\"_ _0\"></span>excluding goodwill. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inclusion i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he consoli<span class=\"_ _0\"></span>dation:<span class=\"_ _6\"></span><span class=\"ws7\"> </span>38.00% 38.00% 36.10% 36.10% Revenue   0  0 5 056<span class=\"ws7\"> </span>3 319<span class=\"ws7\"> </span>Depreciation  <span class=\"ls14d ws161\">48</span>  <span class=\"ls14d ws161\">10</span>  <span class=\"ls14d ws161\">841</span>  <span class=\"ls14d ws161\">920</span> Inter<span class=\"_ _a\"></span>est i<span class=\"_ _0\"></span>ncome<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">200</span>  <span class=\"ls14d ws161\">33</span>  5  3 Inter<span class=\"_ _a\"></span>est charges<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0  0 - <span class=\"ls14d ws161\">200</span> - <span class=\"ls14d ws161\">33</span> Total <span class=\"ws165\">comprehensive income</span> -<span class=\"ws165\">1 436</span> -<span class=\"ws165\">1 486</span> - <span class=\"ls14d ws161\">56</span> -<span class=\"ws165\">1 295</span> Share in the consolidation<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Total share of the group<span class=\"_ _0\"></span><span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Total share minorities<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0  0  0  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>- <span class=\"ls14d ws161\">546</span> - <span class=\"ls14d ws161\">565</span> - <span class=\"ls14d ws161\">20</span> - <span class=\"ls14d ws161\">467</span> Reconc<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ation of the<span class=\"_ _0\"></span> <span class=\"ls153 ws1cb\">associa<span class=\"_ _0\"></span>ted co<span class=\"_ _a\"></span>mpa<span class=\"_ _0\"></span>nies and jo<span class=\"_ _a\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>t ventur<span class=\"_ _0\"></span>es<span class=\"ls7 ws7\"> </span></span>The below<span class=\"_ _0\"></span> tables are prepared in acco<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>dance<span class=\"_ _0\"></span> based on the<span class=\"_ _0\"></span> IFRS finan<span class=\"_ _0\"></span>cial statement<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> as includ<span class=\"_ _0\"></span>ed in the consol<span class=\"_ _0\"></span>idation, in accor<span class=\"_ _0\"></span>dancewith the accounting pol<span class=\"_ _0\"></span>icies of the SIPEF group, before goodw<span class=\"_ _0\"></span>ill allocation.<span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT Tim<span class=\"_ _a\"></span>bang Deli<span class=\"ls7 ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Equity wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ho<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span> goodwill<span class=\"ws7\"> </span>16 161<span class=\"ws7\"> </span>17 599<span class=\"ws7\"> </span>-<span class=\"ws165\">4 367</span> -<span class=\"ws165\">4 311</span> Share of the group<span class=\"_ _0\"></span><span class=\"ws7\"> </span>6 141<span class=\"ws7\"> </span>6 687<span class=\"ws7\"> </span>-<span class=\"ws165\">1 576</span> -<span class=\"ws165\">1 556</span> Goodwill 0 0  <span class=\"ls14d ws161\">807</span>  <span class=\"ls14d ws161\">807</span> Equity eli<span class=\"_ _0\"></span>minatio<span class=\"_ _6\"></span>n P<span class=\"_ _0\"></span>T Timbang Deli<span class=\"ws7\"> </span>-<span class=\"ws165\">2 340</span> -<span class=\"ws165\">2 340</span>  0  0 Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>3 801<span class=\"ws7\"> </span>4 347<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">769</span> - <span class=\"ls14d ws161\">749</span> Dividen<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span>s rec<span class=\"_ _0\"></span>eived from<span class=\"_ _0\"></span> associ<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _a\"></span> comp<span class=\"_ _0\"></span>anies and j<span class=\"_ _0\"></span>oint ventur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>During the year <span class=\"ls14d ws161\">no</span><span class=\"ws7\"> </span>divide<span class=\"_ _0\"></span>nds were received<span class=\"ws7\"> </span>from associated compa<span class=\"_ _0\"></span>nies and joi<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span> ventures. <span class=\"ffd5 fs30 ws7\"> </span>There are no restrictions on <span class=\"_ _0\"></span>the transfers of funds to<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span><span class=\"ws7\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-101-2": {
   "value": "25.<span class=\"ff9a\"> <span class=\"_\"> </span></span>CHANGE IN NET<span class=\"_ _a\"></span> WORKING CAPITAL<span class=\"_ _0\"></span> Cash flow<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>rom<span class=\"_ _0\"></span> operat<span class=\"_ _a\"></span>ing activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es increased from KUSD<span class=\"_ _0\"></span> 178 796 in 2021 to<span class=\"_ _0\"></span> KUSD 216 71<span class=\"_ _0\"></span>4 in 2022, in line<span class=\"_ _0\"></span> with the increase inoperating profit. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The variation of the working cap<span class=\"_ _0\"></span>ital of KU<span class=\"_ _a\"></span>SD <span class=\"_ _0\"></span>-6 455 mainly concerned a t<span class=\"_ _6\"></span>emporary increase in trade receivabl<span class=\"_ _0\"></span>es<span class=\"ws7\"> </span>and tr<span class=\"_ _a\"></span>ade payabl<span class=\"_ _0\"></span>esand an increased bo<span class=\"_ _0\"></span>nus provision. The stock level of CP<span class=\"_ _0\"></span>O<span class=\"_ _6\"></span> w<span class=\"_ _0\"></span>as at a<span class=\"_ _0\"></span> very high leve<span class=\"_ _0\"></span>l thr<span class=\"_ _a\"></span>oughout 2022 due <span class=\"_ _0\"></span>to t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> dest<span class=\"_ _a\"></span>abil<span class=\"_ _0\"></span>ised loc<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> CP<span class=\"_ _0\"></span>Omarket in Indonesia. At year<span class=\"_ _0\"></span><span class=\"ws7\">-</span>end it had full<span class=\"_ _0\"></span>y norm<span class=\"_ _a\"></span>alised<span class=\"_ _0\"></span> and was almost back to <span class=\"_ _0\"></span>the same tonnage as a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> the<span class=\"_ _0\"></span> end of 2021.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The above<span class=\"ws7\">-</span>mentioned use of worki<span class=\"_ _0\"></span>ng capital concerned the usu<span class=\"_ _0\"></span>al temporary movements.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-102-3": {
   "value": "26.<span class=\"ff9a\"> <span class=\"_\"> </span></span>FINANCIAL INSTRUMENTS Exposure to fluctuations in the market price of cor<span class=\"_ _a\"></span>e products, currenci<span class=\"_ _0\"></span>es, inter<span class=\"_ _a\"></span>est rates and credit r<span class=\"_ _a\"></span>isk arises i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he norma<span class=\"_ _0\"></span>l course othe<span class=\"_ _0\"></span> Gr<span class=\"_ _a\"></span>oup\u2019s busi<span class=\"_ _0\"></span>ness. Financial de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivative instruments are used to a l<span class=\"_ _0\"></span>imited extend t<span class=\"_ _a\"></span>o reduce <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> exposure t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>uati<span class=\"_ _0\"></span>ons in foreignexchange rates and interes<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ra<span class=\"_ _0\"></span>tes. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Fluctua<span class=\"_ _0\"></span>tions in th<span class=\"_ _0\"></span>e market pric<span class=\"_ _0\"></span>e of core <span class=\"_ _0\"></span>products<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Struc<span class=\"_ _0\"></span>tural risk<span class=\"_ _0\"></span><span class=\"ff9c ls7 ws7\"> </span>SIPEF group i<span class=\"_ _0\"></span>s exp<span class=\"_ _6\"></span>osed to structural price risks of their core products. The risk is primarily related to palm oil and palm k<span class=\"_ _0\"></span>ernel oil a<span class=\"_ _a\"></span>ndto a l<span class=\"_ _0\"></span>esser<span class=\"_ _a\"></span> extent <span class=\"_ _0\"></span>to rubber. A chang<span class=\"_ _0\"></span>e of the pal<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span> oi<span class=\"_ _0\"></span>l price o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> U<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span> 10 CIF per ton ha<span class=\"_ _0\"></span>s an impact<span class=\"_ _0\"></span> of about KUSD <span class=\"_ _4\"></span>2 683 <span class=\"_ _8\"> </span>(withouconsidering<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>the impact of the cur<span class=\"_ _0\"></span>rent export tax and<span class=\"_ _0\"></span> export levies i<span class=\"_ _0\"></span>n I<span class=\"_ _a\"></span>ndonesi<span class=\"_ _0\"></span>a)<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>esult<span class=\"_ _0\"></span> af<span class=\"_ _a\"></span>ter tax. Thi<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>isk is assu<span class=\"_ _0\"></span>med to be <span class=\"_ _0\"></span>abusiness risk. <span class=\"ws7\"> </span>Transactional risk<span class=\"ff9c ws7\"> </span>The <span class=\"ls14f ws170\">Group</span> faces <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransactional<span class=\"_ _0\"></span> price risks on<span class=\"_ _0\"></span> pr<span class=\"_ _6\"></span>od<span class=\"_ _0\"></span>uct<span class=\"_ _a\"></span>s sol<span class=\"_ _0\"></span>d. The transaction<span class=\"_ _0\"></span>al risk is the risk tha<span class=\"_ _0\"></span>t the price<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oducts purchased<span class=\"_ _0\"></span> fro<span class=\"_ _0\"></span>mthird parties fluctuates<span class=\"_ _0\"></span> bet<span class=\"_ _a\"></span>ween the<span class=\"_ _0\"></span> time the p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ice is fixed<span class=\"_ _0\"></span> with a cust<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>er and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ransaction<span class=\"_ _0\"></span> is settled. This <span class=\"_ _0\"></span>risk is assumedto be a business risk.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Curr<span class=\"_ _0\"></span>ency risk<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Most of the subsidiari<span class=\"_ _0\"></span>es ar<span class=\"_ _a\"></span>e using the US dollar as functional curr<span class=\"_ _a\"></span>ency. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span>\u2019s currency risk can be spli<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>o three distinctcategories: structural, transactional and <span class=\"_ _0\"></span>translational: <span class=\"ws7\"> </span>Struc<span class=\"_ _0\"></span>tural risk<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Most <span class=\"_ _0\"></span>of the <span class=\"_ _6\"></span>Group\u2019s <span class=\"_ _4\"></span>revenues are denominated in US<span class=\"_ _0\"></span>D, wh<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>le <span class=\"ls158 ws199\">al<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he operations are l<span class=\"_ _0\"></span>ocat<span class=\"_ _a\"></span>ed outside the USD<span class=\"_ _0\"></span> zo<span class=\"_ _6\"></span>ne (particularl<span class=\"_ _0\"></span>y inIndonesia, Papua N<span class=\"_ _0\"></span>ew Guin<span class=\"_ _6\"></span>ea<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span> Ivory Coast and Europe). Any cha<span class=\"_ _0\"></span>nge in the USD<span class=\"_ _0\"></span> aga<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> the local currency will<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>herefore have aconsiderabl<span class=\"_ _0\"></span>e impact<span class=\"_ _a\"></span> on the operating result of <span class=\"_ _0\"></span>the company. Most of<span class=\"_ _0\"></span> these risks are conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ed to be a <span class=\"_ _0\"></span>business risk. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Transactional risk<span class=\"ff9c ws7\"> </span>The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group</span> <span class=\"_ _0\"></span>is also subject to transactional risks in <span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>esp<span class=\"_ _0\"></span>ect<span class=\"_ _6\"></span> of curren<span class=\"_ _0\"></span>cies, i.e.<span class=\"_ _a\"></span> the risk of currency exchange rates fluctuating<span class=\"_ _0\"></span> bet<span class=\"_ _a\"></span>weenthe time the price is fixed w<span class=\"_ _0\"></span>ith a custom<span class=\"_ _a\"></span>er, suppl<span class=\"_ _0\"></span>ier or<span class=\"_ _a\"></span> financial<span class=\"_ _0\"></span> inst<span class=\"_ _6\"></span>itution and <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he time the <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ransaction is set<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>led. This <span class=\"_ _4\"></span>ris<span class=\"_ _0\"></span>k, wi<span class=\"_ _0\"></span>th theexception of naturally covered posi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons, is not covered since mos<span class=\"_ _0\"></span>t recei<span class=\"_ _0\"></span>vables and payables have a short settlement ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>.<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The pension<span class=\"_ _0\"></span> liabil<span class=\"_ _a\"></span>ities in Indonesi<span class=\"_ _0\"></span>a are import<span class=\"_ _6\"></span>ant<span class=\"_ _0\"></span> long<span class=\"_ _0\"></span>-<span class=\"_ _a\"></span>term liabi<span class=\"_ _0\"></span>lities t<span class=\"_ _a\"></span>hat are full<span class=\"_ _0\"></span>y payable in IDR. A<span class=\"_ _0\"></span> devaluation or <span class=\"_ _0\"></span>revaluation of 10%of the IDR versus <span class=\"_ _0\"></span>the USD has the follow<span class=\"_ _0\"></span>ing effect<span class=\"_ _6\"></span> on<span class=\"_ _0\"></span> the income s<span class=\"_ _0\"></span>tatement<span class=\"_ _a\"></span>:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>IDR De<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Book value<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>IDR Re<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Pension<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>liabilities in Indonesi<span class=\"_ _0\"></span>a<span class=\"_ _a\"></span><span class=\"ws7\"> </span>18 363<span class=\"ws7\"> </span>20 199<span class=\"ws7\"> </span>22 443<span class=\"ws7\"> </span>Gross impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>1 836<span class=\"ws7\"> </span>-<span class=\"ws165\">2 244</span> The pensi<span class=\"_ _0\"></span>on liability in Indonesia consists of K<span class=\"_ _0\"></span>USD <span class=\"_ _0\"></span>19 801 from<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ly consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> subsidiaries and of KUS<span class=\"_ _0\"></span>D <span class=\"ls14d ws161\">398</span><span class=\"ws7\"> <span class=\"_ _9\"> </span></span>from equityconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ed companies (PT T<span class=\"_ _0\"></span>imbang Deli).<span class=\"ws7\"> </span>The <span class=\"_ _9\"> </span>l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> <span class=\"_ _7\"> </span>receivables on the Indonesi<span class=\"_ _0\"></span>an plasma holders are i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>portant long term asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> that are full<span class=\"_ _0\"></span>y payable in IDR. Adevaluation or reval<span class=\"_ _0\"></span>uat<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on of 10%<span class=\"ws7\"> </span>of the IDR versus <span class=\"_ _0\"></span>the USD has th<span class=\"_ _0\"></span>e f<span class=\"_ _a\"></span>oll<span class=\"_ _0\"></span>owing effect on t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>IDR De<span class=\"_ _6\"></span>v 10%<span class=\"ls7 ws7\"> </span>Book value<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>IDR <span class=\"_ _6\"></span><span class=\"ls7 ws166\">R<span class=\"_ _0\"></span>ev 10%<span class=\"ws7\"> </span></span>Plasma receivabl<span class=\"_ _0\"></span>es<span class=\"_ _a\"></span><span class=\"ws7\"> </span>25 715<span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>31 430<span class=\"ws7\"> </span>Gross impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">2 572</span> 3 143<span class=\"ws7\"> </span>On February 14<span class=\"ls14f\">, 2<span class=\"_ _0\"></span>02</span>3 the board of<span class=\"_ _0\"></span> directors has proposed <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he pay<span class=\"_ _0\"></span>ment<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>of a divi<span class=\"_ _0\"></span>dend of<span class=\"_ _a\"></span> KEUR 31 738<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>(EUR 3.<span class=\"ls14d ws161\">00</span> <span class=\"_ _a\"></span>gross per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>yshare). In line w<span class=\"_ _0\"></span>ith t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> Group\u2019s liqu<span class=\"_ _0\"></span>id<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y an<span class=\"_ _0\"></span>d curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy poli<span class=\"_ _0\"></span>cy t<span class=\"_ _6\"></span>he exc<span class=\"_ _0\"></span>hange risk w<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span> <span class=\"ws17c\">covered in </span>5<span class=\"_ _0\"></span> <span class=\"ws17c\">forward exchange con<span class=\"_ _0\"></span>tract</span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>esale of KUS<span class=\"_ _0\"></span>D 33 939<span class=\"ws7\"> <span class=\"ls152 ws1cc\">for<span class=\"_ _6\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"ls7 ws166\">31 600<span class=\"ws7\"> </span>(aver<span class=\"_ _a\"></span>age exchange ra<span class=\"_ _0\"></span>te of 1.<span class=\"ls14d ws161\">0740</span><span class=\"ws7\">) </span>before year<span class=\"ws7\">-end.<span class=\"_ _0\"></span>  </span></span></span></span>Sensitivity analy<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>is With regard to the cover of the divi<span class=\"_ _0\"></span>dend for<span class=\"_ _a\"></span> the end of the year a de<span class=\"_ _0\"></span>valuation or revaluation of 10% of the EUR versus the US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span> h<span class=\"_ _0\"></span>asthe followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _a\"></span>fect on the pro<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> an<span class=\"_ _0\"></span>d loss account: <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>EUR Dev 1<span class=\"_ _a\"></span>0%<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Closi<span class=\"_ _a\"></span>ng rat<span class=\"_ _a\"></span>e<span class=\"ls7 ws7\"> </span>EUR Rev 1<span class=\"_ _a\"></span>0%<span class=\"_ _6\"></span><span class=\"ls7 ws7\"> </span>Divid<span class=\"_ _6\"></span>end<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>30 584<span class=\"ws7\"> </span>33 642<span class=\"ws7\"> </span>37 380<span class=\"ws7\"> </span>Gross Impact income statement<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws165\">3 058</span> 3 738<span class=\"ws7\"> </span>Translational risk<span class=\"ff9c ws7\"> </span>The SIPEF group i<span class=\"_ _0\"></span>s an international<span class=\"_ _0\"></span> com<span class=\"_ _a\"></span>pany and has op<span class=\"_ _0\"></span>erations which <span class=\"_ _0\"></span>do not<span class=\"_ _a\"></span> use<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> USD as their <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>eporting currency.<span class=\"_ _0\"></span> When suc<span class=\"_ _0\"></span>hresults are consolidated i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>o the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span>\u2019s accounts the translated amount is expose<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>var<span class=\"_ _a\"></span>iations i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> value of such local resu<span class=\"_ _0\"></span>ltsare consolida<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> into the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s accounts<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> translated amoun<span class=\"_ _0\"></span>t is <span class=\"_ _0\"></span>exposed to variation<span class=\"_ _0\"></span>s in the<span class=\"_ _0\"></span> value of such<span class=\"_ _0\"></span> local <span class=\"_ _0\"></span>currencies<span class=\"_ _0\"></span> againstthe USD. SIPEF group do<span class=\"_ _0\"></span>es not<span class=\"_ _a\"></span> hedge agai<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span> such<span class=\"_ _0\"></span> risk (see accounting pol<span class=\"_ _0\"></span>icies)<span class=\"_ _a\"></span>.<span class=\"ws7\"> </span>As from 1st of January 2007 on<span class=\"_ _0\"></span>wards the functional<span class=\"_ _0\"></span> curr<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>cy of<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>most of ou<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> activities is the same as<span class=\"_ _0\"></span> the presentation currency, thisrisk has been l<span class=\"_ _0\"></span>ar<span class=\"_ _6\"></span>ge<span class=\"_ _0\"></span>ly rest<span class=\"_ _a\"></span>ricted. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Interest r<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e risk<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>The <span class=\"ls14f ws170\">Group</span>\u2019<span class=\"_ _0\"></span>s exposure to cha<span class=\"_ _0\"></span>nges in interest <span class=\"_ _0\"></span>rat<span class=\"_ _6\"></span>es<span class=\"_ _0\"></span> relates to <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ff9c ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span>\u2019s financial<span class=\"_ _0\"></span> debt obligations. At the<span class=\"_ _0\"></span> end of December<span class=\"_ _0\"></span> 2022, th<span class=\"_ _0\"></span>eGrou<span class=\"_ _0\"></span>p\u2019s net financial<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s/(liabilities) amounted to KUSD<span class=\"_ _0\"></span> <span class=\"_ _0\"></span><span class=\"ls14d ws161\">122</span> <span class=\"_ _0\"></span>(<span class=\"_ _a\"></span>2021<span class=\"ls152 ws1d5\">: KUSD </span>-<span class=\"ws160\">49 192), of which KUSD <span class=\"_ _0\"></span>23 913</span> <span class=\"_ _0\"></span>shor<span class=\"_ _a\"></span>t term financialliab<span class=\"_ _6\"></span>iliti<span class=\"_ _a\"></span>es (<span class=\"_ _6\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"_ _0\"></span><span class=\"ls152 ws1cc\">:<span class=\"_ _6\"></span> KUSD <span class=\"_ _0\"></span><span class=\"ls7 ws166\">30 961) and KUSD <span class=\"_ _0\"></span>44 356<span class=\"ws7\"> <span class=\"ls14f ws170\">net </span>short-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> </span>cash and cash eq<span class=\"_ _0\"></span>uivalents (<span class=\"ls14d ws161\">202</span><span class=\"ws7\">1</span></span>: KUSD <span class=\"ls7 ws166\">19 977<span class=\"ls14f ws170\">). </span><span class=\"ws7\"> </span></span></span></span></span>The financi<span class=\"_ _0\"></span>al l<span class=\"_ _a\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es &gt; <span class=\"ws7\">1 year </span>(<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ncl. derivatives) amount to KU<span class=\"_ _0\"></span>SD <span class=\"ws165\">20 320<span class=\"ws7\"> <span class=\"ls14e ws164\">(20</span>21<span class=\"ls152 ws1cc\">: KUSD </span></span></span>38 207<span class=\"ls14e ws164\">).<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that<span class=\"_ _a\"></span> only the <span class=\"ls14e ws164\">S<span class=\"_ _0\"></span>hort</span><span class=\"ws7\">-</span>term<span class=\"_ _6\"></span> ob<span class=\"_ _0\"></span>ligations - <span class=\"_ _6\"></span>credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>nstitut<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons <span class=\"_ _6\"></span>(KUSD 5 323, refer to note 19) are of<span class=\"_ _6\"></span> a cu<span class=\"_ _0\"></span>rrent <span class=\"_ _a\"></span>nature w<span class=\"_ _0\"></span>ith var<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ableinterest rates, we believe<span class=\"_ _0\"></span> a 0.<span class=\"_ _a\"></span>5% cha<span class=\"_ _0\"></span>nge in interest rate w<span class=\"_ _0\"></span>ill not have a material<span class=\"_ _0\"></span> impact.<span class=\"ws7\"> </span>Conside<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing that the <span class=\"_ _0\"></span><span class=\"ws7\">long-<span class=\"ls14f ws170\">ter<span class=\"_ _0\"></span>m</span> </span>financial de<span class=\"_ _0\"></span>bt<span class=\"_ _6\"></span> i<span class=\"_ _0\"></span>s primarily based<span class=\"_ _0\"></span> on a<span class=\"_ _0\"></span> variable interest ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>e, <span class=\"_ _0\"></span>the risk exists<span class=\"_ _0\"></span> that with<span class=\"_ _0\"></span> an inc<span class=\"_ _0\"></span>rease of theinterest rate,<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> financing cost wi<span class=\"_ _0\"></span>ll increase. This i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erest risk is<span class=\"_ _0\"></span> he<span class=\"_ _0\"></span>dged <span class=\"ws7\">usi<span class=\"_ _0\"></span>ng </span>an interest rate<span class=\"_ _0\"></span> swap (IRS). The<span class=\"_ _0\"></span> goal of this i<span class=\"_ _0\"></span>nt<span class=\"_ _a\"></span>erestrate swap is to<span class=\"_ _0\"></span> decr<span class=\"_ _a\"></span>ease the<span class=\"_ _0\"></span> volatility (and with it the<span class=\"_ _0\"></span> interest rat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>isk) as much<span class=\"_ _0\"></span> as possible <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Avail<span class=\"_ _0\"></span><span class=\"ws165\">ab<span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e f<span class=\"_ _a\"></span>unds are invested in short ter<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> deposits.<span class=\"_ _0\"></span><span class=\"ws7\">  </span></span>Cr<span class=\"_ _0\"></span>edit ri<span class=\"_ _0\"></span>sk<span class=\"ls7 ws7\"> </span>Credit risk is the risk that one party will<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>l to discharge an obligatio<span class=\"_ _6\"></span>n an<span class=\"_ _0\"></span>d cause t<span class=\"_ _a\"></span>he other party to incur a loss. Thi<span class=\"_ _0\"></span>s credit risk can besplit into a comme<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>cial<span class=\"_ _0\"></span> and a f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al credit risk. With <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>egard <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the commercial credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>risk management has es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablished a creditpolicy an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he exposure to this credi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ri<span class=\"_ _0\"></span>sk is monitored on a <span class=\"_ _0\"></span><span class=\"ws7\">continuous basis.  </span>In pract<span class=\"_ _a\"></span>ice a<span class=\"_ _0\"></span> differ<span class=\"_ _a\"></span>ence is <span class=\"_ _0\"></span>made between:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables from the sale of pal<span class=\"_ _0\"></span>m oil/rubber/tea<span class=\"ws7\"> </span>42 891<span class=\"ws7\"> </span>30 609<span class=\"ws7\"> </span>Receivables from the sale of <span class=\"ws166\">banana<span class=\"_ _0\"></span>s and plants<span class=\"ws7\"> </span></span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>The credit risk for the first category is ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her limited as these sales <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e for the most part i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mediately pai<span class=\"_ _0\"></span>d against presen<span class=\"_ _0\"></span>tation odocuments. Moreover,<span class=\"_ _0\"></span> it concer<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> a relativel<span class=\"_ _0\"></span>y sm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>l number o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span><span class=\"ls14f ws170\">first<span class=\"_ _0\"></span></span>-class <span class=\"_ _6\"></span>buyers: per produc<span class=\"_ _0\"></span>t about 90%<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ws189\">revenue fr</span>om contractswith customers is realized w<span class=\"_ _0\"></span>ith a maximum of 10 clients. For pa<span class=\"_ _0\"></span>lm oil there is on<span class=\"_ _0\"></span>e clients who represent<span class=\"ws7\">s </span>over 30% o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total sales.F<span class=\"ws168\">or rubber there <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span></span> <span class=\"_ _0\"></span><span class=\"ls14f ws170\">tw<span class=\"_ _0\"></span>o</span> <span class=\"_ _4\"></span>cl<span class=\"_ _0\"></span>ients <span class=\"_ _0\"></span><span class=\"ws168\">w<span class=\"_ _0\"></span>hich represent over <span class=\"ls14d ws161\">30</span>% of total revenues<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span>Contrary t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> category<span class=\"_ _0\"></span> the credit risk for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hereceivables from the sal<span class=\"_ _0\"></span>es of<span class=\"_ _a\"></span> bananas and <span class=\"_ _0\"></span><span class=\"ws7\">horticulture </span>is higher<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>For both categories <span class=\"_ _0\"></span>there is a<span class=\"_ _0\"></span> weekly moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>oring<span class=\"_ _0\"></span> of the open<span class=\"_ _0\"></span> balances due an<span class=\"_ _0\"></span>d a p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oactive sys<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>em of<span class=\"_ _0\"></span> rem<span class=\"_ _a\"></span>inders.<span class=\"_ _4\"></span> <span class=\"_ _0\"></span><span class=\"ls14e ws164\">Impa<span class=\"_ _0\"></span>irments<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>areappli<span class=\"_ _0\"></span>ed as soon as tot<span class=\"_ _a\"></span>al or partial p<span class=\"_ _0\"></span>ayments ar<span class=\"_ _a\"></span>e seen<span class=\"_ _0\"></span> as unlikely. The el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s that are taken into account<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> these appraisals arethe lengths of the delay <span class=\"_ _0\"></span>in payment and the<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>editworthiness of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The receivabl<span class=\"_ _0\"></span>es f<span class=\"_ _a\"></span>rom the sales of banana<span class=\"_ _0\"></span>s and <span class=\"ws7\">horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure <span class=\"ws166\">have <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> due <span class=\"ws165\">date schedule: </span></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Not yet due<span class=\"_ _0\"></span><span class=\"ws7\"> </span>852<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">941</span> Due &lt; 30 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>823<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">523</span> Due between 30<span class=\"_ _0\"></span> and 60 days<span class=\"ws7\"> </span>49<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">180</span> Due between 60<span class=\"_ _0\"></span> and 90 days<span class=\"ws7\"> </span>0  0 Due &gt; 90 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>28<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">29</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>During <span class=\"ls14d ws161\">202</span>2 <span class=\"ls14d ws161\">and 202</span>1<span class=\"ls14f\">, no</span> <span class=\"ls14e ws164\">mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l</span> <span class=\"ls14e ws164\">impa<span class=\"_ _0\"></span>irment</span> <span class=\"ws165\">on receivabl<span class=\"_ _0\"></span>es was recorded</span> <span class=\"ws165\">in the income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\">. </span></span>The Group applied<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS 9 simplified approach to measuring expected cr<span class=\"_ _a\"></span>edit losses w<span class=\"_ _0\"></span>hich uses a lifetime expected loss allo<span class=\"_ _0\"></span>wancefor all trade receivables based<span class=\"_ _0\"></span> on historical losses. The Group analys<span class=\"_ _0\"></span>ed the impact of I<span class=\"_ _a\"></span>FRS<span class=\"_ _0\"></span> 9 and concluded there is no materialimpact on the bad<span class=\"_ _0\"></span> debt reserve<span class=\"_ _0\"></span> booked. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup also asse<span class=\"_ _0\"></span>ssed whether the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oric pat<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ern<span class=\"_ _0\"></span> would chang<span class=\"_ _0\"></span>e m<span class=\"_ _a\"></span>aterially i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>u<span class=\"_ _4\"></span>tu<span class=\"_ _0\"></span>reand expects no signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant impact. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Liquid<span class=\"_ _a\"></span>ity risk<span class=\"_ _0\"></span> A material and structural shortage in our cash flow wou<span class=\"_ _0\"></span>ld damage bo<span class=\"_ _a\"></span>th our creditworthiness as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he trust of<span class=\"_ _a\"></span> investors <span class=\"_ _0\"></span>and wouldrestrict the capacity of the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>to attract fresh cap<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>al. The operational<span class=\"_ _0\"></span> cash flow provides the means to finance<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>financi<span class=\"_ _0\"></span>aobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons and to increase shareholder value. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>manages the liqu<span class=\"_ _0\"></span>idity risk by evaluating the short term and l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> cashflo<span class=\"_ _0\"></span>ws. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>IPEF<span class=\"_ _0\"></span><span class=\"ls7\"> <span class=\"ws166\">gr<span class=\"_ _a\"></span>oup maintains an acce<span class=\"_ _0\"></span>ss t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the capital <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arket t<span class=\"_ _0\"></span>hr<span class=\"_ _a\"></span>ough <span class=\"_ _0\"></span><span class=\"ws7\">shor<span class=\"_ _a\"></span>t- <span class=\"ws165\">and long</span>-<span class=\"ls14f ws170\">te<span class=\"_ _0\"></span>rm</span> <span class=\"ws166\">debt programs<span class=\"_ _0\"></span>.</span> </span></span></span>Th<span class=\"ls7 ws165\">e following table gives the contractually deter<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ned (not<span class=\"ws7\">-<span class=\"ws166\">discounted) cash flow<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>esulting fro<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> liabi<span class=\"_ _0\"></span>lities at balance sheet date:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 771</span> - <span class=\"ls14d ws161\">475</span> -<span class=\"ws166\">18 296</span>  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ws7\"> </span>-<span class=\"ws165\">3 817</span> - <span class=\"ls14d ws161\">50</span> - <span class=\"ls14d ws161\">639</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>-<span class=\"ws166\">29 863</span> -<span class=\"ws166\">29 863</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>-<span class=\"ws165\">5 698</span> -<span class=\"ws165\">5 698</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 296</span> -<span class=\"ws166\">18 296</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>-<span class=\"ws165\">5 396</span> -<span class=\"ws165\">5 396</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> - <span class=\"ls14d ws161\">628</span> - <span class=\"ls14d ws161\">628</span> Derivatives  0  0  0  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>79 794<span class=\"ws7\"> </span>-<span class=\"ws166\">82 468</span> -<span class=\"ws166\">60 405</span> -<span class=\"ws166\">18 935</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>-<span class=\"ws166\">37 239</span> - <span class=\"ls14d ws161\">618</span> -<span class=\"ws166\">18 510</span> -<span class=\"ws166\">18 111</span>  0  0 Leasing <span class=\"ws165\">li<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies &gt; 1 year<span class=\"ws7\"> </span></span>2 207<span class=\"ws7\"> </span>-<span class=\"ws165\">4 250</span> - <span class=\"ls14d ws161\">177</span> - <span class=\"ls14d ws161\">489</span> - <span class=\"ls14d ws161\">464</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\"> </span>-<span class=\"ws165\">4 830</span>  0 -<span class=\"ws165\">4 830</span>  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>-<span class=\"ws166\">23 605</span> -<span class=\"ws166\">23 605</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>-<span class=\"ws166\">11 934</span> -<span class=\"ws166\">11 934</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 471</span> -<span class=\"ws166\">18 471</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>-<span class=\"ws166\">12 597</span> -<span class=\"ws166\">12 597</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> - <span class=\"ls14d ws161\">523</span> - <span class=\"ls14d ws161\">523</span> Derivatives 2 066<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> -<span class=\"ws165\">2 066</span>  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>111 604<span class=\"ws7\"> </span>-<span class=\"ws165\">115 516</span> -<span class=\"ws166\">69 992</span> -<span class=\"ws166\">23 829</span> -<span class=\"ws166\">18 575</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> In order<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> limit <span class=\"_ _0\"></span>the financial<span class=\"_ _0\"></span> credit risk SIPEF has<span class=\"_ _0\"></span> spread i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s more<span class=\"_ _0\"></span> important activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es over<span class=\"_ _0\"></span> a small nu<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber of<span class=\"_ _0\"></span> banking gro<span class=\"_ _0\"></span>ups<span class=\"_ _0\"></span> with afirs<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-class <span class=\"ws166\">rating for creditworthiness.</span> <span class=\"ws166\">The cur<span class=\"_ _0\"></span>rent<span class=\"_ _a\"></span> maxi<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>um credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ines available amount to KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws7\">1</span>59 292<span class=\"ws7\"> (<span class=\"_ _a\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"ls152 ws1cc\">: KUSD </span>1<span class=\"ws166\">78 686<span class=\"ls14e ws164\">).</span></span> </span></span></span></span></span>In 2022, same as<span class=\"_ _0\"></span> in previous years<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> there were no<span class=\"_ _0\"></span> infringements on t<span class=\"_ _0\"></span>he conditions stated in <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> agr<span class=\"_ _a\"></span>eements nor<span class=\"_ _0\"></span> were there anyshortcomings in repayments. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-104-4": {
   "value": "Cr<span class=\"_ _0\"></span>edit ri<span class=\"_ _0\"></span>sk<span class=\"ls7 ws7\"> </span>Credit risk is the risk that one party will<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>l to discharge an obligatio<span class=\"_ _6\"></span>n an<span class=\"_ _0\"></span>d cause t<span class=\"_ _a\"></span>he other party to incur a loss. Thi<span class=\"_ _0\"></span>s credit risk can besplit into a comme<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>cial<span class=\"_ _0\"></span> and a f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al credit risk. With <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>egard <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the commercial credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>risk management has es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablished a creditpolicy an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he exposure to this credi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ri<span class=\"_ _0\"></span>sk is monitored on a <span class=\"_ _0\"></span><span class=\"ws7\">continuous basis.  </span>In pract<span class=\"_ _a\"></span>ice a<span class=\"_ _0\"></span> differ<span class=\"_ _a\"></span>ence is <span class=\"_ _0\"></span>made between:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables from the sale of pal<span class=\"_ _0\"></span>m oil/rubber/tea<span class=\"ws7\"> </span>42 891<span class=\"ws7\"> </span>30 609<span class=\"ws7\"> </span>Receivables from the sale of <span class=\"ws166\">banana<span class=\"_ _0\"></span>s and plants<span class=\"ws7\"> </span></span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>The credit risk for the first category is ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her limited as these sales <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e for the most part i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mediately pai<span class=\"_ _0\"></span>d against presen<span class=\"_ _0\"></span>tation odocuments. Moreover,<span class=\"_ _0\"></span> it concer<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> a relativel<span class=\"_ _0\"></span>y sm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>l number o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span><span class=\"ls14f ws170\">first<span class=\"_ _0\"></span></span>-class <span class=\"_ _6\"></span>buyers: per produc<span class=\"_ _0\"></span>t about 90%<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ws189\">revenue fr</span>om contractswith customers is realized w<span class=\"_ _0\"></span>ith a maximum of 10 clients. For pa<span class=\"_ _0\"></span>lm oil there is on<span class=\"_ _0\"></span>e clients who represent<span class=\"ws7\">s </span>over 30% o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total sales.F<span class=\"ws168\">or rubber there <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span></span> <span class=\"_ _0\"></span><span class=\"ls14f ws170\">tw<span class=\"_ _0\"></span>o</span> <span class=\"_ _4\"></span>cl<span class=\"_ _0\"></span>ients <span class=\"_ _0\"></span><span class=\"ws168\">w<span class=\"_ _0\"></span>hich represent over <span class=\"ls14d ws161\">30</span>% of total revenues<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span>Contrary t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> category<span class=\"_ _0\"></span> the credit risk for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hereceivables from the sal<span class=\"_ _0\"></span>es of<span class=\"_ _a\"></span> bananas and <span class=\"_ _0\"></span><span class=\"ws7\">horticulture </span>is higher<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>For both categories <span class=\"_ _0\"></span>there is a<span class=\"_ _0\"></span> weekly moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>oring<span class=\"_ _0\"></span> of the open<span class=\"_ _0\"></span> balances due an<span class=\"_ _0\"></span>d a p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oactive sys<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>em of<span class=\"_ _0\"></span> rem<span class=\"_ _a\"></span>inders.<span class=\"_ _4\"></span> <span class=\"_ _0\"></span><span class=\"ls14e ws164\">Impa<span class=\"_ _0\"></span>irments<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>areappli<span class=\"_ _0\"></span>ed as soon as tot<span class=\"_ _a\"></span>al or partial p<span class=\"_ _0\"></span>ayments ar<span class=\"_ _a\"></span>e seen<span class=\"_ _0\"></span> as unlikely. The el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s that are taken into account<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> these appraisals arethe lengths of the delay <span class=\"_ _0\"></span>in payment and the<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>editworthiness of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The receivabl<span class=\"_ _0\"></span>es f<span class=\"_ _a\"></span>rom the sales of banana<span class=\"_ _0\"></span>s and <span class=\"ws7\">horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure <span class=\"ws166\">have <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> due <span class=\"ws165\">date schedule: </span></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Not yet due<span class=\"_ _0\"></span><span class=\"ws7\"> </span>852<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">941</span> Due &lt; 30 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>823<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">523</span> Due between 30<span class=\"_ _0\"></span> and 60 days<span class=\"ws7\"> </span>49<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">180</span> Due between 60<span class=\"_ _0\"></span> and 90 days<span class=\"ws7\"> </span>0  0 Due &gt; 90 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>28<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">29</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>During <span class=\"ls14d ws161\">202</span>2 <span class=\"ls14d ws161\">and 202</span>1<span class=\"ls14f\">, no</span> <span class=\"ls14e ws164\">mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l</span> <span class=\"ls14e ws164\">impa<span class=\"_ _0\"></span>irment</span> <span class=\"ws165\">on receivabl<span class=\"_ _0\"></span>es was recorded</span> <span class=\"ws165\">in the income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\">. </span></span>The Group applied<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS 9 simplified approach to measuring expected cr<span class=\"_ _a\"></span>edit losses w<span class=\"_ _0\"></span>hich uses a lifetime expected loss allo<span class=\"_ _0\"></span>wancefor all trade receivables based<span class=\"_ _0\"></span> on historical losses. The Group analys<span class=\"_ _0\"></span>ed the impact of I<span class=\"_ _a\"></span>FRS<span class=\"_ _0\"></span> 9 and concluded there is no materialimpact on the bad<span class=\"_ _0\"></span> debt reserve<span class=\"_ _0\"></span> booked. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup also asse<span class=\"_ _0\"></span>ssed whether the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oric pat<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ern<span class=\"_ _0\"></span> would chang<span class=\"_ _0\"></span>e m<span class=\"_ _a\"></span>aterially i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>u<span class=\"_ _4\"></span>tu<span class=\"_ _0\"></span>reand expects no signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant impact. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-104-5": {
   "value": "Cr<span class=\"_ _0\"></span>edit ri<span class=\"_ _0\"></span>sk<span class=\"ls7 ws7\"> </span>Credit risk is the risk that one party will<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>l to discharge an obligatio<span class=\"_ _6\"></span>n an<span class=\"_ _0\"></span>d cause t<span class=\"_ _a\"></span>he other party to incur a loss. Thi<span class=\"_ _0\"></span>s credit risk can besplit into a comme<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>cial<span class=\"_ _0\"></span> and a f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al credit risk. With <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>egard <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the commercial credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>risk management has es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablished a creditpolicy an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he exposure to this credi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ri<span class=\"_ _0\"></span>sk is monitored on a <span class=\"_ _0\"></span><span class=\"ws7\">continuous basis.  </span>In pract<span class=\"_ _a\"></span>ice a<span class=\"_ _0\"></span> differ<span class=\"_ _a\"></span>ence is <span class=\"_ _0\"></span>made between:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables from the sale of pal<span class=\"_ _0\"></span>m oil/rubber/tea<span class=\"ws7\"> </span>42 891<span class=\"ws7\"> </span>30 609<span class=\"ws7\"> </span>Receivables from the sale of <span class=\"ws166\">banana<span class=\"_ _0\"></span>s and plants<span class=\"ws7\"> </span></span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>The credit risk for the first category is ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her limited as these sales <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e for the most part i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mediately pai<span class=\"_ _0\"></span>d against presen<span class=\"_ _0\"></span>tation odocuments. Moreover,<span class=\"_ _0\"></span> it concer<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> a relativel<span class=\"_ _0\"></span>y sm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>l number o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span><span class=\"ls14f ws170\">first<span class=\"_ _0\"></span></span>-class <span class=\"_ _6\"></span>buyers: per produc<span class=\"_ _0\"></span>t about 90%<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ws189\">revenue fr</span>om contractswith customers is realized w<span class=\"_ _0\"></span>ith a maximum of 10 clients. For pa<span class=\"_ _0\"></span>lm oil there is on<span class=\"_ _0\"></span>e clients who represent<span class=\"ws7\">s </span>over 30% o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total sales.F<span class=\"ws168\">or rubber there <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span></span> <span class=\"_ _0\"></span><span class=\"ls14f ws170\">tw<span class=\"_ _0\"></span>o</span> <span class=\"_ _4\"></span>cl<span class=\"_ _0\"></span>ients <span class=\"_ _0\"></span><span class=\"ws168\">w<span class=\"_ _0\"></span>hich represent over <span class=\"ls14d ws161\">30</span>% of total revenues<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span>Contrary t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> category<span class=\"_ _0\"></span> the credit risk for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hereceivables from the sal<span class=\"_ _0\"></span>es of<span class=\"_ _a\"></span> bananas and <span class=\"_ _0\"></span><span class=\"ws7\">horticulture </span>is higher<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>For both categories <span class=\"_ _0\"></span>there is a<span class=\"_ _0\"></span> weekly moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>oring<span class=\"_ _0\"></span> of the open<span class=\"_ _0\"></span> balances due an<span class=\"_ _0\"></span>d a p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oactive sys<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>em of<span class=\"_ _0\"></span> rem<span class=\"_ _a\"></span>inders.<span class=\"_ _4\"></span> <span class=\"_ _0\"></span><span class=\"ls14e ws164\">Impa<span class=\"_ _0\"></span>irments<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>areappli<span class=\"_ _0\"></span>ed as soon as tot<span class=\"_ _a\"></span>al or partial p<span class=\"_ _0\"></span>ayments ar<span class=\"_ _a\"></span>e seen<span class=\"_ _0\"></span> as unlikely. The el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s that are taken into account<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> these appraisals arethe lengths of the delay <span class=\"_ _0\"></span>in payment and the<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>editworthiness of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The receivabl<span class=\"_ _0\"></span>es f<span class=\"_ _a\"></span>rom the sales of banana<span class=\"_ _0\"></span>s and <span class=\"ws7\">horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure <span class=\"ws166\">have <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> due <span class=\"ws165\">date schedule: </span></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Not yet due<span class=\"_ _0\"></span><span class=\"ws7\"> </span>852<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">941</span> Due &lt; 30 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>823<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">523</span> Due between 30<span class=\"_ _0\"></span> and 60 days<span class=\"ws7\"> </span>49<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">180</span> Due between 60<span class=\"_ _0\"></span> and 90 days<span class=\"ws7\"> </span>0  0 Due &gt; 90 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>28<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">29</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>During <span class=\"ls14d ws161\">202</span>2 <span class=\"ls14d ws161\">and 202</span>1<span class=\"ls14f\">, no</span> <span class=\"ls14e ws164\">mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l</span> <span class=\"ls14e ws164\">impa<span class=\"_ _0\"></span>irment</span> <span class=\"ws165\">on receivabl<span class=\"_ _0\"></span>es was recorded</span> <span class=\"ws165\">in the income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\">. </span></span>The Group applied<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS 9 simplified approach to measuring expected cr<span class=\"_ _a\"></span>edit losses w<span class=\"_ _0\"></span>hich uses a lifetime expected loss allo<span class=\"_ _0\"></span>wancefor all trade receivables based<span class=\"_ _0\"></span> on historical losses. The Group analys<span class=\"_ _0\"></span>ed the impact of I<span class=\"_ _a\"></span>FRS<span class=\"_ _0\"></span> 9 and concluded there is no materialimpact on the bad<span class=\"_ _0\"></span> debt reserve<span class=\"_ _0\"></span> booked. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup also asse<span class=\"_ _0\"></span>ssed whether the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oric pat<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ern<span class=\"_ _0\"></span> would chang<span class=\"_ _0\"></span>e m<span class=\"_ _a\"></span>aterially i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>u<span class=\"_ _4\"></span>tu<span class=\"_ _0\"></span>reand expects no signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant impact. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-104-6": {
   "value": "Cr<span class=\"_ _0\"></span>edit ri<span class=\"_ _0\"></span>sk<span class=\"ls7 ws7\"> </span>Credit risk is the risk that one party will<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>l to discharge an obligatio<span class=\"_ _6\"></span>n an<span class=\"_ _0\"></span>d cause t<span class=\"_ _a\"></span>he other party to incur a loss. Thi<span class=\"_ _0\"></span>s credit risk can besplit into a comme<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>cial<span class=\"_ _0\"></span> and a f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al credit risk. With <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>egard <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the commercial credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>risk management has es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ablished a creditpolicy an<span class=\"_ _0\"></span>d t<span class=\"_ _a\"></span>he exposure to this credi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> ri<span class=\"_ _0\"></span>sk is monitored on a <span class=\"_ _0\"></span><span class=\"ws7\">continuous basis.  </span>In pract<span class=\"_ _a\"></span>ice a<span class=\"_ _0\"></span> differ<span class=\"_ _a\"></span>ence is <span class=\"_ _0\"></span>made between:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Receivables from the sale of pal<span class=\"_ _0\"></span>m oil/rubber/tea<span class=\"ws7\"> </span>42 891<span class=\"ws7\"> </span>30 609<span class=\"ws7\"> </span>Receivables from the sale of <span class=\"ws166\">banana<span class=\"_ _0\"></span>s and plants<span class=\"ws7\"> </span></span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>The credit risk for the first category is ra<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>her limited as these sales <span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>e for the most part i<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mediately pai<span class=\"_ _0\"></span>d against presen<span class=\"_ _0\"></span>tation odocuments. Moreover,<span class=\"_ _0\"></span> it concer<span class=\"_ _a\"></span>ns<span class=\"_ _0\"></span> a relativel<span class=\"_ _0\"></span>y sm<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span>l number o<span class=\"_ _0\"></span>f <span class=\"_ _0\"></span><span class=\"ls14f ws170\">first<span class=\"_ _0\"></span></span>-class <span class=\"_ _6\"></span>buyers: per produc<span class=\"_ _0\"></span>t about 90%<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> <span class=\"ws189\">revenue fr</span>om contractswith customers is realized w<span class=\"_ _0\"></span>ith a maximum of 10 clients. For pa<span class=\"_ _0\"></span>lm oil there is on<span class=\"_ _0\"></span>e clients who represent<span class=\"ws7\">s </span>over 30% o<span class=\"_ _0\"></span>f t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> total sales.F<span class=\"ws168\">or rubber there <span class=\"ls14e ws164\">are<span class=\"_ _0\"></span></span></span> <span class=\"_ _0\"></span><span class=\"ls14f ws170\">tw<span class=\"_ _0\"></span>o</span> <span class=\"_ _4\"></span>cl<span class=\"_ _0\"></span>ients <span class=\"_ _0\"></span><span class=\"ws168\">w<span class=\"_ _0\"></span>hich represent over <span class=\"ls14d ws161\">30</span>% of total revenues<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _8\"> </span>Contrary t<span class=\"_ _a\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> category<span class=\"_ _0\"></span> the credit risk for <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hereceivables from the sal<span class=\"_ _0\"></span>es of<span class=\"_ _a\"></span> bananas and <span class=\"_ _0\"></span><span class=\"ws7\">horticulture </span>is higher<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>For both categories <span class=\"_ _0\"></span>there is a<span class=\"_ _0\"></span> weekly moni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>oring<span class=\"_ _0\"></span> of the open<span class=\"_ _0\"></span> balances due an<span class=\"_ _0\"></span>d a p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oactive sys<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>em of<span class=\"_ _0\"></span> rem<span class=\"_ _a\"></span>inders.<span class=\"_ _4\"></span> <span class=\"_ _0\"></span><span class=\"ls14e ws164\">Impa<span class=\"_ _0\"></span>irments<span class=\"_ _0\"></span></span> <span class=\"_ _0\"></span>areappli<span class=\"_ _0\"></span>ed as soon as tot<span class=\"_ _a\"></span>al or partial p<span class=\"_ _0\"></span>ayments ar<span class=\"_ _a\"></span>e seen<span class=\"_ _0\"></span> as unlikely. The el<span class=\"_ _0\"></span>ement<span class=\"_ _a\"></span>s that are taken into account<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>or<span class=\"_ _0\"></span> these appraisals arethe lengths of the delay <span class=\"_ _0\"></span>in payment and the<span class=\"_ _0\"></span> cr<span class=\"_ _a\"></span>editworthiness of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> clien<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The receivabl<span class=\"_ _0\"></span>es f<span class=\"_ _a\"></span>rom the sales of banana<span class=\"_ _0\"></span>s and <span class=\"ws7\">horticul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ure <span class=\"ws166\">have <span class=\"_ _0\"></span>the following<span class=\"_ _0\"></span> due <span class=\"ws165\">date schedule: </span></span> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Not yet due<span class=\"_ _0\"></span><span class=\"ws7\"> </span>852<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">941</span> Due &lt; 30 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>823<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">523</span> Due between 30<span class=\"_ _0\"></span> and 60 days<span class=\"ws7\"> </span>49<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">180</span> Due between 60<span class=\"_ _0\"></span> and 90 days<span class=\"ws7\"> </span>0  0 Due &gt; 90 da<span class=\"_ _0\"></span>ys<span class=\"ws7\"> </span>28<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">29</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>1 752<span class=\"ws7\"> </span>1 673<span class=\"ws7\"> </span>During <span class=\"ls14d ws161\">202</span>2 <span class=\"ls14d ws161\">and 202</span>1<span class=\"ls14f\">, no</span> <span class=\"ls14e ws164\">mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l</span> <span class=\"ls14e ws164\">impa<span class=\"_ _0\"></span>irment</span> <span class=\"ws165\">on receivabl<span class=\"_ _0\"></span>es was recorded</span> <span class=\"ws165\">in the income sta<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ement<span class=\"_ _0\"></span><span class=\"ws7\">. </span></span>The Group applied<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> I<span class=\"_ _6\"></span>F<span class=\"_ _0\"></span>RS 9 simplified approach to measuring expected cr<span class=\"_ _a\"></span>edit losses w<span class=\"_ _0\"></span>hich uses a lifetime expected loss allo<span class=\"_ _0\"></span>wancefor all trade receivables based<span class=\"_ _0\"></span> on historical losses. The Group analys<span class=\"_ _0\"></span>ed the impact of I<span class=\"_ _a\"></span>FRS<span class=\"_ _0\"></span> 9 and concluded there is no materialimpact on the bad<span class=\"_ _0\"></span> debt reserve<span class=\"_ _0\"></span> booked. The G<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oup also asse<span class=\"_ _0\"></span>ssed whether the hi<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oric pat<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ern<span class=\"_ _0\"></span> would chang<span class=\"_ _0\"></span>e m<span class=\"_ _a\"></span>aterially i<span class=\"_ _0\"></span>n t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>u<span class=\"_ _4\"></span>tu<span class=\"_ _0\"></span>reand expects no signi<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>icant impact. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-105-4": {
   "value": "Liquid<span class=\"_ _a\"></span>ity risk<span class=\"_ _0\"></span> A material and structural shortage in our cash flow wou<span class=\"_ _0\"></span>ld damage bo<span class=\"_ _a\"></span>th our creditworthiness as well<span class=\"_ _0\"></span> as t<span class=\"_ _a\"></span>he trust of<span class=\"_ _a\"></span> investors <span class=\"_ _0\"></span>and wouldrestrict the capacity of the <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span><span class=\"ws7\"> <span class=\"_ _8\"> </span></span>to attract fresh cap<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>al. The operational<span class=\"_ _0\"></span> cash flow provides the means to finance<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he <span class=\"_ _0\"></span>financi<span class=\"_ _0\"></span>aobliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons and to increase shareholder value. The <span class=\"_ _0\"></span><span class=\"ls14f ws170\">Group<span class=\"_ _0\"></span></span> <span class=\"_ _a\"></span>manages the liqu<span class=\"_ _0\"></span>idity risk by evaluating the short term and l<span class=\"_ _0\"></span>ong-<span class=\"ls14f ws170\">term</span> cashflo<span class=\"_ _0\"></span>ws. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>IPEF<span class=\"_ _0\"></span><span class=\"ls7\"> <span class=\"ws166\">gr<span class=\"_ _a\"></span>oup maintains an acce<span class=\"_ _0\"></span>ss t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> the capital <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>arket t<span class=\"_ _0\"></span>hr<span class=\"_ _a\"></span>ough <span class=\"_ _0\"></span><span class=\"ws7\">shor<span class=\"_ _a\"></span>t- <span class=\"ws165\">and long</span>-<span class=\"ls14f ws170\">te<span class=\"_ _0\"></span>rm</span> <span class=\"ws166\">debt programs<span class=\"_ _0\"></span>.</span> </span></span></span>Th<span class=\"ls7 ws165\">e following table gives the contractually deter<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ned (not<span class=\"ws7\">-<span class=\"ws166\">discounted) cash flow<span class=\"_ _0\"></span>s r<span class=\"_ _a\"></span>esulting fro<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span> liabi<span class=\"_ _0\"></span>lities at balance sheet date:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span></span>Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2022 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 771</span> - <span class=\"ls14d ws161\">475</span> -<span class=\"ws166\">18 296</span>  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ws7\"> </span>-<span class=\"ws165\">3 817</span> - <span class=\"ls14d ws161\">50</span> - <span class=\"ls14d ws161\">639</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>-<span class=\"ws166\">29 863</span> -<span class=\"ws166\">29 863</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>-<span class=\"ws165\">5 698</span> -<span class=\"ws165\">5 698</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 296</span> -<span class=\"ws166\">18 296</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>-<span class=\"ws165\">5 396</span> -<span class=\"ws165\">5 396</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> - <span class=\"ls14d ws161\">628</span> - <span class=\"ls14d ws161\">628</span> Derivatives  0  0  0  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>79 794<span class=\"ws7\"> </span>-<span class=\"ws166\">82 468</span> -<span class=\"ws166\">60 405</span> -<span class=\"ws166\">18 935</span> - <span class=\"ls14d ws161\">601</span> - <span class=\"ls14d ws161\">548</span> -<span class=\"ws165\">1 979</span> Co<span class=\"_ _0\"></span>ntractuCarry<span class=\"_ _6\"></span>ing Less than More than 2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>al cash 1-2 y<span class=\"_ _a\"></span>ea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s <span class=\"_ _62\"> </span>2<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>3 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> <span class=\"_ _62\"> </span>3<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span><span class=\"ws165\">4 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>s<span class=\"ws7\"> </span></span></span>amount<span class=\"ls7 ws7\"> </span>1 year<span class=\"ws7\"> </span>5 years<span class=\"ws7\"> </span>flow<span class=\"_ _0\"></span>s<span class=\"ls7 ws7\"> </span>Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (incl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>-<span class=\"ws166\">37 239</span> - <span class=\"ls14d ws161\">618</span> -<span class=\"ws166\">18 510</span> -<span class=\"ws166\">18 111</span>  0  0 Leasing <span class=\"ws165\">li<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ies &gt; 1 year<span class=\"ws7\"> </span></span>2 207<span class=\"ws7\"> </span>-<span class=\"ws165\">4 250</span> - <span class=\"ls14d ws161\">177</span> - <span class=\"ls14d ws161\">489</span> - <span class=\"ls14d ws161\">464</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\"> </span>-<span class=\"ws165\">4 830</span>  0 -<span class=\"ws165\">4 830</span>  0  0  0 Trade &amp; other liabi<span class=\"_ _0\"></span>lities &lt; 1 year Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>-<span class=\"ws166\">23 605</span> -<span class=\"ws166\">23 605</span>  0  0  0  0 Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>-<span class=\"ws166\">11 934</span> -<span class=\"ws166\">11 934</span>  0  0  0  0 Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l l<span class=\"_ _0\"></span>ia<span class=\"_ _a\"></span>bilities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Current portion of amounts payable after one year<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>-<span class=\"ws166\">18 471</span> -<span class=\"ws166\">18 471</span>  0  0  0  0 Finan<span class=\"_ _6\"></span>cial lia<span class=\"_ _6\"></span>bil<span class=\"_ _a\"></span>itie<span class=\"_ _a\"></span>s<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>-<span class=\"ws166\">12 597</span> -<span class=\"ws166\">12 597</span>  0  0  0  0 Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> - <span class=\"ls14d ws161\">523</span> - <span class=\"ls14d ws161\">523</span> Derivatives 2 066<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> -<span class=\"ws165\">2 066</span>  0  0  0  0 Other<span class=\"_ _a\"></span> cu<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>rent li<span class=\"_ _0\"></span>abilities<span class=\"ws7\"> </span> 0  0  0  0  0  0  0 To<span class=\"_ _0\"></span>tal lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span><span class=\"ls7\"> </span>111 604<span class=\"ws7\"> </span>-<span class=\"ws165\">115 516</span> -<span class=\"ws166\">69 992</span> -<span class=\"ws166\">23 829</span> -<span class=\"ws166\">18 575</span> - <span class=\"ls14d ws161\">449</span> -<span class=\"ws165\">2 671</span> In order<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> limit <span class=\"_ _0\"></span>the financial<span class=\"_ _0\"></span> credit risk SIPEF has<span class=\"_ _0\"></span> spread i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>s more<span class=\"_ _0\"></span> important activi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>es over<span class=\"_ _0\"></span> a small nu<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber of<span class=\"_ _0\"></span> banking gro<span class=\"_ _0\"></span>ups<span class=\"_ _0\"></span> with afirs<span class=\"_ _0\"></span>t<span class=\"ls7 ws7\">-class <span class=\"ws166\">rating for creditworthiness.</span> <span class=\"ws166\">The cur<span class=\"_ _0\"></span>rent<span class=\"_ _a\"></span> maxi<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>um credi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> l<span class=\"_ _0\"></span>ines available amount to KU<span class=\"_ _0\"></span>SD <span class=\"_ _0\"></span><span class=\"ws7\">1</span>59 292<span class=\"ws7\"> (<span class=\"_ _a\"></span><span class=\"ls14d ws161\">202<span class=\"ls7 ws7\">1<span class=\"ls152 ws1cc\">: KUSD </span>1<span class=\"ws166\">78 686<span class=\"ls14e ws164\">).</span></span> </span></span></span></span></span>In 2022, same as<span class=\"_ _0\"></span> in previous years<span class=\"_ _0\"></span>,<span class=\"_ _a\"></span> there were no<span class=\"_ _0\"></span> infringements on t<span class=\"_ _0\"></span>he conditions stated in <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he credit<span class=\"_ _0\"></span> agr<span class=\"_ _a\"></span>eements nor<span class=\"_ _0\"></span> were there anyshortcomings in repayments. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-107-3": {
   "value": "Fina<span class=\"_ _0\"></span>ncial <span class=\"_ _0\"></span>instr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue in th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement <span class=\"_ _0\"></span>of fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Companies w<span class=\"_ _0\"></span>ithin the <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span> <span class=\"_ _9\"> </span>may use <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments for risk management<span class=\"_ _0\"></span> purposes. Specifical<span class=\"_ _0\"></span>ly, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>se are instrumentsprincipally i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>ded to m<span class=\"_ _a\"></span>anage the risks associated with fluctuating inter<span class=\"_ _a\"></span>est and exchange rates. The counterpart<span class=\"_ _a\"></span>ies i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>atedtransactions are exclusivel<span class=\"_ _0\"></span>y f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>rst<span class=\"_ _a\"></span><span class=\"ws7\">-<span class=\"ws166\">ranked banks<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span> </span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments are <span class=\"_ _0\"></span>measur<span class=\"_ _a\"></span>ed at fair val<span class=\"_ _0\"></span>ue at initial<span class=\"_ _0\"></span> recognitio<span class=\"_ _a\"></span>n<span class=\"ls14f ws170\">. </span><span class=\"ws7\">T</span>he changes in fair val<span class=\"_ _0\"></span>ue are reported in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ncome st<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ementunless these instruments are par<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of hedg<span class=\"_ _0\"></span>ing tr<span class=\"_ _a\"></span>ansactions.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>Fair value<span class=\"_ _0\"></span>s of<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivat<span class=\"ws165\">ives are:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>est ra<span class=\"_ _0\"></span>te swaps<span class=\"ws7\"> </span>1 350<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">797</span> Forward exchange transactions<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">289</span> -<span class=\"ws165\">1 269</span> Fair value (+ = asset;<span class=\"_ _0\"></span> <span class=\"ws7\">- <span class=\"ls14f\">= l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity)<span class=\"_ _0\"></span></span> </span>1 639<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> In accordance w<span class=\"_ _0\"></span>ith IFRS 13 fina<span class=\"_ _0\"></span>ncial instruments are<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>ouped<span class=\"_ _0\"></span> into 3 l<span class=\"_ _0\"></span>evels based on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>degree to<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s observable:\u2022 <span class=\"_ _115\"> </span>Level 1 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are quoted<span class=\"_ _0\"></span> prices (unadjusted) i<span class=\"_ _0\"></span>n active markets fo<span class=\"_ _0\"></span>r identical<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s or liabi<span class=\"_ _0\"></span>lities that the entity can acce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>hemeasurement date;<span class=\"ws7\"> </span>\u2022 <span class=\"_ _115\"> </span>Level 2 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>nputs ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r than quoted<span class=\"_ _0\"></span> prices includ<span class=\"_ _0\"></span>ed within <span class=\"_ _0\"></span>lev<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span> 1 t<span class=\"_ _a\"></span>hat are<span class=\"_ _0\"></span> observable for <span class=\"_ _0\"></span>the asset or l<span class=\"_ _0\"></span>iability either directlyor indirectly;<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Level 3 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are unobservable i<span class=\"_ _0\"></span>nput<span class=\"_ _a\"></span>s for the asse<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or l<span class=\"_ _0\"></span>iability.<span class=\"ws7\"> </span></span></span>The IRS has a<span class=\"_ _0\"></span> notional amount<span class=\"_ _0\"></span> of KUSD<span class=\"_ _0\"></span> 36 000. The<span class=\"_ _0\"></span> carr<span class=\"_ _a\"></span>ying amou<span class=\"_ _0\"></span>nt is recorded on<span class=\"_ _0\"></span> the derivat<span class=\"_ _0\"></span><span class=\"ws165\">ives (<span class=\"ws7\">assets</span></span>) <span class=\"_ _0\"></span>for an amoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f KUSD1 350, the deferred <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> for an amount of KU<span class=\"_ _0\"></span>SD <span class=\"ws7\">-</span>338 and the <span class=\"_ _0\"></span>other compr<span class=\"_ _6\"></span>eh<span class=\"_ _0\"></span>ensive income in the equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y <span class=\"_ _0\"></span>for an amount of KU<span class=\"_ _0\"></span>SD1 012. <span class=\"ws7\"> </span>The notional<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount from the forward exchange t<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansactions amo<span class=\"_ _0\"></span>unts t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>KUSD <span class=\"_ _0\"></span>39 063<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span>T<span class=\"_ _0\"></span>he f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ward exchange contracts are no<span class=\"_ _0\"></span>documented in a<span class=\"_ _0\"></span> hedging <span class=\"_ _0\"></span>relationship and accordi<span class=\"_ _0\"></span>ngly, all changes<span class=\"_ _0\"></span> in fai<span class=\"_ _0\"></span>r value are<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecorded<span class=\"_ _0\"></span> in the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al result. The <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>o<span class=\"_ _4\"></span>up<span class=\"_ _0\"></span> hasdocumented the interest<span class=\"_ _a\"></span> rate swap<span class=\"_ _0\"></span>s (<span class=\"_ _6\"></span>IRS<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> in a hedg<span class=\"_ _0\"></span>ing relationship. The terms of the IRS and the hedged debt match 100%. T<span class=\"_ _0\"></span>heref<span class=\"_ _6\"></span>oreno effectiveness test<span class=\"_ _a\"></span> based on a ratio of changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the hedging instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ag<span class=\"_ _0\"></span>ainst t<span class=\"_ _a\"></span>hat of the hedged debt is <span class=\"_ _4\"></span>requiredAn IRS w<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>h matching contractual terms w<span class=\"_ _0\"></span>ould have li<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ed inefficiency. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The fair value of<span class=\"_ _0\"></span> the forward exchan<span class=\"_ _0\"></span>ge contracts and interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ate s<span class=\"_ _0\"></span>wap calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed at the cl<span class=\"_ _0\"></span>osing value on the<span class=\"_ _0\"></span> 31st of D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>b<span class=\"_ _0\"></span>er 2022were also i<span class=\"_ _0\"></span>ncor<span class=\"_ _a\"></span>porated in level<span class=\"_ _0\"></span> 2.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-107-4": {
   "value": "Fina<span class=\"_ _0\"></span>ncial <span class=\"_ _0\"></span>instr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue in th<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement <span class=\"_ _0\"></span>of fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Companies w<span class=\"_ _0\"></span>ithin the <span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p</span> <span class=\"_ _9\"> </span>may use <span class=\"_ _0\"></span>financial i<span class=\"_ _0\"></span>nst<span class=\"_ _a\"></span>ruments for risk management<span class=\"_ _0\"></span> purposes. Specifical<span class=\"_ _0\"></span>ly, t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>se are instrumentsprincipally i<span class=\"_ _0\"></span>nt<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>ded to m<span class=\"_ _a\"></span>anage the risks associated with fluctuating inter<span class=\"_ _a\"></span>est and exchange rates. The counterpart<span class=\"_ _a\"></span>ies i<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> rel<span class=\"_ _0\"></span>atedtransactions are exclusivel<span class=\"_ _0\"></span>y f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>rst<span class=\"_ _a\"></span><span class=\"ws7\">-<span class=\"ws166\">ranked banks<span class=\"_ _0\"></span></span>.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span> </span>Derivative i<span class=\"_ _0\"></span>nst<span class=\"_ _6\"></span>ruments are <span class=\"_ _0\"></span>measur<span class=\"_ _a\"></span>ed at fair val<span class=\"_ _0\"></span>ue at initial<span class=\"_ _0\"></span> recognitio<span class=\"_ _a\"></span>n<span class=\"ls14f ws170\">. </span><span class=\"ws7\">T</span>he changes in fair val<span class=\"_ _0\"></span>ue are reported in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he i<span class=\"_ _0\"></span>ncome st<span class=\"_ _a\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ementunless these instruments are par<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> of hedg<span class=\"_ _0\"></span>ing tr<span class=\"_ _a\"></span>ansactions.<span class=\"_ _0\"></span> <span class=\"ws7\"> </span>Fair value<span class=\"_ _0\"></span>s of<span class=\"_ _6\"></span> de<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ivat<span class=\"ws165\">ives are:<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Inter<span class=\"_ _a\"></span>est ra<span class=\"_ _0\"></span>te swaps<span class=\"ws7\"> </span>1 350<span class=\"ws7\"> </span>- <span class=\"ls14d ws161\">797</span> Forward exchange transactions<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">289</span> -<span class=\"ws165\">1 269</span> Fair value (+ = asset;<span class=\"_ _0\"></span> <span class=\"ws7\">- <span class=\"ls14f\">= l<span class=\"_ _0\"></span>iabil<span class=\"_ _0\"></span>ity)<span class=\"_ _0\"></span></span> </span>1 639<span class=\"ws7\"> </span>-<span class=\"ws165\">2 066</span> In accordance w<span class=\"_ _0\"></span>ith IFRS 13 fina<span class=\"_ _0\"></span>ncial instruments are<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>ouped<span class=\"_ _0\"></span> into 3 l<span class=\"_ _0\"></span>evels based on<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>degree to<span class=\"_ _0\"></span> which the<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value i<span class=\"_ _0\"></span>s observable:\u2022 <span class=\"_ _115\"> </span>Level 1 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are quoted<span class=\"_ _0\"></span> prices (unadjusted) i<span class=\"_ _0\"></span>n active markets fo<span class=\"_ _0\"></span>r identical<span class=\"_ _0\"></span> asset<span class=\"_ _a\"></span>s or liabi<span class=\"_ _0\"></span>lities that the entity can acce<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>hemeasurement date;<span class=\"ws7\"> </span>\u2022 <span class=\"_ _115\"> </span>Level 2 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are i<span class=\"_ _0\"></span>nputs ot<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span>r than quoted<span class=\"_ _0\"></span> prices includ<span class=\"_ _0\"></span>ed within <span class=\"_ _0\"></span>lev<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span> 1 t<span class=\"_ _a\"></span>hat are<span class=\"_ _0\"></span> observable for <span class=\"_ _0\"></span>the asset or l<span class=\"_ _0\"></span>iability either directlyor indirectly;<span class=\"ws7\"> </span>\u2022<span class=\"ff9c\"> <span class=\"_ _115\"> </span><span class=\"ws166\">Level 3 inp<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>s are unobservable i<span class=\"_ _0\"></span>nput<span class=\"_ _a\"></span>s for the asse<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> or l<span class=\"_ _0\"></span>iability.<span class=\"ws7\"> </span></span></span>The IRS has a<span class=\"_ _0\"></span> notional amount<span class=\"_ _0\"></span> of KUSD<span class=\"_ _0\"></span> 36 000. The<span class=\"_ _0\"></span> carr<span class=\"_ _a\"></span>ying amou<span class=\"_ _0\"></span>nt is recorded on<span class=\"_ _0\"></span> the derivat<span class=\"_ _0\"></span><span class=\"ws165\">ives (<span class=\"ws7\">assets</span></span>) <span class=\"_ _0\"></span>for an amoun<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>f KUSD1 350, the deferred <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ax asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> for an amount of KU<span class=\"_ _0\"></span>SD <span class=\"ws7\">-</span>338 and the <span class=\"_ _0\"></span>other compr<span class=\"_ _6\"></span>eh<span class=\"_ _0\"></span>ensive income in the equi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>y <span class=\"_ _0\"></span>for an amount of KU<span class=\"_ _0\"></span>SD1 012. <span class=\"ws7\"> </span>The notional<span class=\"_ _0\"></span> am<span class=\"_ _a\"></span>ount from the forward exchange t<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ansactions amo<span class=\"_ _0\"></span>unts t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>KUSD <span class=\"_ _0\"></span>39 063<span class=\"ls14f ws170\">. <span class=\"_ _0\"></span></span>T<span class=\"_ _0\"></span>he f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ward exchange contracts are no<span class=\"_ _0\"></span>documented in a<span class=\"_ _0\"></span> hedging <span class=\"_ _0\"></span>relationship and accordi<span class=\"_ _0\"></span>ngly, all changes<span class=\"_ _0\"></span> in fai<span class=\"_ _0\"></span>r value are<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>ecorded<span class=\"_ _0\"></span> in the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al result. The <span class=\"_ _0\"></span>Gr<span class=\"_ _6\"></span>o<span class=\"_ _4\"></span>up<span class=\"_ _0\"></span> hasdocumented the interest<span class=\"_ _a\"></span> rate swap<span class=\"_ _0\"></span>s (<span class=\"_ _6\"></span>IRS<span class=\"_ _0\"></span>)<span class=\"_ _a\"></span> in a hedg<span class=\"_ _0\"></span>ing relationship. The terms of the IRS and the hedged debt match 100%. T<span class=\"_ _0\"></span>heref<span class=\"_ _6\"></span>oreno effectiveness test<span class=\"_ _a\"></span> based on a ratio of changes i<span class=\"_ _0\"></span>n f<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>r value of the hedging instrum<span class=\"_ _6\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> ag<span class=\"_ _0\"></span>ainst t<span class=\"_ _a\"></span>hat of the hedged debt is <span class=\"_ _4\"></span>requiredAn IRS w<span class=\"_ _0\"></span>it<span class=\"_ _a\"></span>h matching contractual terms w<span class=\"_ _0\"></span>ould have li<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ed inefficiency. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>The fair value of<span class=\"_ _0\"></span> the forward exchan<span class=\"_ _0\"></span>ge contracts and interes<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ate s<span class=\"_ _0\"></span>wap calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed at the cl<span class=\"_ _0\"></span>osing value on the<span class=\"_ _0\"></span> 31st of D<span class=\"_ _0\"></span>ecem<span class=\"_ _a\"></span>b<span class=\"_ _0\"></span>er 2022were also i<span class=\"_ _0\"></span>ncor<span class=\"_ _a\"></span>porated in level<span class=\"_ _0\"></span> 2.<span class=\"_ _6\"></span> <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-108-3": {
   "value": "F<span class=\"ls154 ws180\">ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> per ca<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ory<span class=\"_ _0\"></span></span> The follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>table presents <span class=\"ws166\">the financi<span class=\"_ _0\"></span>al instruments per<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y <span class=\"_ _0\"></span>as per<span class=\"_ _a\"></span> end 20<span class=\"_ _0\"></span><span class=\"ws7\">22 </span>and end 20<span class=\"ws7\">21:<span class=\"_ _0\"></span> </span></span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value202<span class=\"ls7 ws7\">2 - <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span><span class=\"ls7 ws7\">i<span class=\"_ _0\"></span>nvestments </span> <span class=\"ls14d ws161\">98</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">98</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>28 287<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>28 385<span class=\"ws7\"> </span>28 385<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>44 643<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>Level 2Othe<span class=\"_ _0\"></span>r <span class=\"ls7 ws7\">receivables </span>47 728<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>47 728<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span>10 208<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>10 208<span class=\"ws7\"> </span>Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>34 148<span class=\"ws7\"> </span>Level 2Derivatives  <span class=\"ls14d ws161\">289</span> FVTPL<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">289</span> Level 2Derivatives 1 350<span class=\"ws7\"> </span>Hedgi<span class=\"_ _0\"></span>ng<span class=\"_ _6\"></span> 1 350<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls7 ws166\">current <span class=\"_ _0\"></span>fi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>anci<span class=\"_ _a\"></span>al asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>138 366<span class=\"ws7\"> </span>138 366<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0 AC<span class=\"ls7 ws7\"> </span>0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 <span class=\"ws7\">year </span>0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>20 320<span class=\"ls7 ws7\"> </span>20 320<span class=\"ls7 ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>29 863<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 437<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>14 437<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 698<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 yea<span class=\"_ _0\"></span>r<span class=\"ws7\"> </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 323<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">590</span> Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">92</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">92</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>25 666<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>25 666<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>25 758<span class=\"ws7\"> </span>25 758<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>32 282<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>49 878<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>49 878<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents  0 Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">38</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">38</span> Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>19 939<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>19 939<span class=\"ws7\"> </span>Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>36 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 207<span class=\"ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\">  </span>4 830<span class=\"ws7\">  </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls160 ws1b2\">non<span class=\"ls7 ws7\">-<span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span></span> </span></span>43 037<span class=\"ws7\"> </span>43 037<span class=\"ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>23 605<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11 519<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 519<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 934<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 <span class=\"_ _0\"></span><span class=\"ws7\">year </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>12 477<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">484</span> Level 2Derivatives 1 269<span class=\"ws7\"> </span>FVTPL<span class=\"ls7 ws7\"> </span>1 269<span class=\"ws7\"> </span>Level 2Hedge Derivatives  <span class=\"ls14d ws161\">797</span> accounting  <span class=\"ls14d ws161\">797</span> Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-108-4": {
   "value": "F<span class=\"ls154 ws180\">ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uments<span class=\"_ _0\"></span> per ca<span class=\"_ _0\"></span>teg<span class=\"_ _0\"></span>ory<span class=\"_ _0\"></span></span> The follow<span class=\"_ _0\"></span>i<span class=\"_ _6\"></span>ng<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>table presents <span class=\"ws166\">the financi<span class=\"_ _0\"></span>al instruments per<span class=\"_ _a\"></span> ca<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>eg<span class=\"_ _0\"></span>or<span class=\"_ _a\"></span>y <span class=\"_ _0\"></span>as per<span class=\"_ _a\"></span> end 20<span class=\"_ _0\"></span><span class=\"ws7\">22 </span>and end 20<span class=\"ws7\">21:<span class=\"_ _0\"></span> </span></span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value202<span class=\"ls7 ws7\">2 - <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Othe<span class=\"_ _0\"></span>r <span class=\"_ _6\"></span><span class=\"ls7 ws7\">i<span class=\"_ _0\"></span>nvestments </span> <span class=\"ls14d ws161\">98</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">98</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>28 287<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>28 287<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>28 385<span class=\"ws7\"> </span>28 385<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>44 643<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>44 643<span class=\"ws7\"> </span>Level 2Othe<span class=\"_ _0\"></span>r <span class=\"ls7 ws7\">receivables </span>47 728<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>47 728<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span>10 208<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>10 208<span class=\"ws7\"> </span>Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>34 148<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>34 148<span class=\"ws7\"> </span>Level 2Derivatives  <span class=\"ls14d ws161\">289</span> FVTPL<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">289</span> Level 2Derivatives 1 350<span class=\"ws7\"> </span>Hedgi<span class=\"_ _0\"></span>ng<span class=\"_ _6\"></span> 1 350<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls7 ws166\">current <span class=\"_ _0\"></span>fi<span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>anci<span class=\"_ _a\"></span>al asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>138 366<span class=\"ws7\"> </span>138 366<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>0 AC<span class=\"ls7 ws7\"> </span>0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 320<span class=\"ls7 ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 <span class=\"ws7\">year </span>0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>20 320<span class=\"ls7 ws7\"> </span>20 320<span class=\"ls7 ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>29 863<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>29 863<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>14 437<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>14 437<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>5 698<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 698<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 yea<span class=\"_ _0\"></span>r<span class=\"ws7\"> </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>5 323<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>5 323<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">590</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">590</span> Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>73 911<span class=\"ws7\"> </span>Carry<span class=\"_ _6\"></span>ing IFR<span class=\"_ _0\"></span>S 9 Fair value2021 <span class=\"ls7 ws7\">- <span class=\"_ _a\"></span><span class=\"ls151 ws18b\">In KUSD<span class=\"ls7 ws7\"> </span></span></span>Fair value<span class=\"ws7\"> </span>amount<span class=\"ls7 ws7\"> </span>category hierarchyFinanci<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l asse<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">92</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">92</span> Level 2Receivables &gt; 1 year<span class=\"ws7\"> </span>Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>25 666<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>25 666<span class=\"ws7\"> </span>Level 2Total<span class=\"_ _6\"></span> non<span class=\"_ _0\"></span><span class=\"ls7 ws7\">-<span class=\"_ _a\"></span><span class=\"ws166\">current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span></span>25 758<span class=\"ws7\"> </span>25 758<span class=\"ws7\"> </span>Trade and other receivab<span class=\"_ _0\"></span>les<span class=\"_ _a\"></span><span class=\"ws7\"> </span>Trade receivables<span class=\"ws7\"> </span>32 282<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>32 282<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> receivabl<span class=\"_ _0\"></span>es<span class=\"_ _6\"></span><span class=\"ws7\"> </span>49 878<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>49 878<span class=\"ws7\"> </span>Level 2Investm<span class=\"_ _a\"></span>ents  0 Other<span class=\"_ _a\"></span> invest<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ents and<span class=\"_ _0\"></span> deposits<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">38</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">38</span> Level 2Cash and cash<span class=\"_ _0\"></span> equivalents<span class=\"ws7\"> </span>19 939<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>19 939<span class=\"ws7\"> </span>Level 2Derivatives  0 FVTPL<span class=\"ls7 ws7\"> </span> 0 Level 2Hedge Derivatives  0 accounting  0 Level 2Total current financial assets<span class=\"_ _0\"></span><span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>102 137<span class=\"ws7\"> </span>Trade and other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> 0 AC<span class=\"ls7 ws7\"> </span> 0 Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &gt; 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>  (i<span class=\"_ _0\"></span>ncl. derivatives)<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>36 000<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &gt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>2 207<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>2 207<span class=\"ws7\"> </span>Level 2Advances received<span class=\"_ _0\"></span> &gt; 1 year<span class=\"ws7\"> </span>4 830<span class=\"ws7\">  </span>4 830<span class=\"ws7\">  </span>Level 2Total<span class=\"_ _6\"></span> <span class=\"ls160 ws1b2\">non<span class=\"ls7 ws7\">-<span class=\"ws166\">current financial liabilities<span class=\"_ _0\"></span></span> </span></span>43 037<span class=\"ws7\"> </span>43 037<span class=\"ws7\"> </span>Trade &amp; other obliga<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ons &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Trade payables<span class=\"ws7\"> </span>23 605<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>23 605<span class=\"ws7\"> </span>Level 2Other<span class=\"_ _a\"></span> payables<span class=\"_ _0\"></span><span class=\"ws7\"> </span>11 519<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 519<span class=\"ws7\"> </span>Level 2Advances received<span class=\"ws7\"> </span>11 934<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>11 934<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions &lt; 1 <span class=\"_ _0\"></span><span class=\"ws7\">year </span>Current portion of amounts payab<span class=\"_ _0\"></span>le aft<span class=\"_ _a\"></span>er one year 18 000<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>18 000<span class=\"ws7\"> </span>Level 2Financi<span class=\"_ _0\"></span>a<span class=\"_ _6\"></span>l ob<span class=\"_ _0\"></span>l<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>gat<span class=\"_ _a\"></span>ions <span class=\"_ _0\"></span><span class=\"ws7\"> </span>12 477<span class=\"ws7\"> </span>AC<span class=\"ls7 ws7\"> </span>12 477<span class=\"ws7\"> </span>Level 2Leasing l<span class=\"_ _0\"></span>ia<span class=\"_ _6\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _a\"></span>ities &lt; 1 year<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ls14d ws161\">484</span> AC<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">484</span> Level 2Derivatives 1 269<span class=\"ws7\"> </span>FVTPL<span class=\"ls7 ws7\"> </span>1 269<span class=\"ws7\"> </span>Level 2Hedge Derivatives  <span class=\"ls14d ws161\">797</span> accounting  <span class=\"ls14d ws161\">797</span> Level 2Total current financial liabilities<span class=\"_ _0\"></span><span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>80 085<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-112-2": {
   "value": "28.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">RIG<span class=\"_ _a\"></span>HTS AND COMMIT<span class=\"_ _a\"></span>MENT<span class=\"_ _6\"></span>S NOT REFL<span class=\"_ _6\"></span>ECTED IN THE<span class=\"_ _6\"></span> BALANCE SHE<span class=\"_ _6\"></span>ET<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Guarant<span class=\"_ _0\"></span>ees<span class=\"ls7 ws7\"> </span>No guarantees have been issue<span class=\"_ _0\"></span>d by third parties as secu<span class=\"_ _0\"></span>rity for the <span class=\"_ _0\"></span>company\u2019s account and one guarantee has been<span class=\"_ _0\"></span> issued to a <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>rdparty f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acco<span class=\"_ _0\"></span>unt<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> sub<span class=\"_ _0\"></span>sidiaries during <span class=\"_ _0\"></span><span class=\"ls14d ws161\">2022</span>.<span class=\"_ _a\"></span> A corporate guara<span class=\"_ _0\"></span>ntee has been given <span class=\"_ _0\"></span>as <span class=\"_ _a\"></span>part of the sha<span class=\"_ _0\"></span>re purchase agreement o<span class=\"_ _0\"></span>Verdant B<span class=\"_ _0\"></span>ioscience Pte. <span class=\"ls15a ws1a5\">Ltd</span>. <span class=\"ws166\">for a total amount of KUSD<span class=\"_ _0\"></span> <span class=\"ws165\">3 08</span></span>2 to cover t<span class=\"_ _6\"></span>he ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>standi<span class=\"_ _0\"></span>ng liability that Verdant Bioscience Pte. Ltd. hasto its previous shareholder Si<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e Darby <span class=\"ws7\">B<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>had.<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ws166\">T<span class=\"_ _0\"></span>his liability is due <span class=\"_ _0\"></span>in May 2023.<span class=\"ws7\"> </span></span></span>In connection to the sa<span class=\"_ _0\"></span>me share purchase agreement, Verdant<span class=\"_ _0\"></span> Bioscience Pte. Ltd. has <span class=\"_ _0\"></span>received a bank guarantee <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or a to<span class=\"_ _0\"></span>tal am<span class=\"_ _0\"></span>ountof KUSD 593 f<span class=\"_ _6\"></span>rom the new sharehol<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>er PT D<span class=\"_ _0\"></span>harm<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>Satya Nusa<span class=\"_ _6\"></span>ntara whi<span class=\"_ _0\"></span>ch <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l be used <span class=\"_ _0\"></span>to provide <span class=\"_ _a\"></span>a loan to Verdant Bioscience PteLtd. <span class=\"ws166\">to repay part (10/52)<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> the above<span class=\"_ _0\"></span> outstanding liab<span class=\"_ _0\"></span>ilit<span class=\"_ _a\"></span>y.<span class=\"ws7\"> </span></span>Si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt liti<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Nihi<span class=\"_ _6\"></span>l<span class=\"ls7 ws7\"> </span>Forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sales<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The commitments for the deli<span class=\"_ _0\"></span>ver<span class=\"_ _a\"></span>y of goods (palm p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oducts, rubber, tea<span class=\"_ _0\"></span><span class=\"ls14f ws170\">, <span class=\"_ _0\"></span></span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure) after the year end<span class=\"_ _0\"></span> fall withi<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>henormal deli<span class=\"_ _0\"></span>ver<span class=\"_ _a\"></span>y period of about 3<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hs<span class=\"_ _0\"></span> from date of sale.<span class=\"_ _0\"></span> Those sal<span class=\"_ _0\"></span>es are not considered as forward sales. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-112-3": {
   "value": "28.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">RIG<span class=\"_ _a\"></span>HTS AND COMMIT<span class=\"_ _a\"></span>MENT<span class=\"_ _6\"></span>S NOT REFL<span class=\"_ _6\"></span>ECTED IN THE<span class=\"_ _6\"></span> BALANCE SHE<span class=\"_ _6\"></span>ET<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span></span>Guarant<span class=\"_ _0\"></span>ees<span class=\"ls7 ws7\"> </span>No guarantees have been issue<span class=\"_ _0\"></span>d by third parties as secu<span class=\"_ _0\"></span>rity for the <span class=\"_ _0\"></span>company\u2019s account and one guarantee has been<span class=\"_ _0\"></span> issued to a <span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>rdparty f<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he acco<span class=\"_ _0\"></span>unt<span class=\"_ _a\"></span> o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> sub<span class=\"_ _0\"></span>sidiaries during <span class=\"_ _0\"></span><span class=\"ls14d ws161\">2022</span>.<span class=\"_ _a\"></span> A corporate guara<span class=\"_ _0\"></span>ntee has been given <span class=\"_ _0\"></span>as <span class=\"_ _a\"></span>part of the sha<span class=\"_ _0\"></span>re purchase agreement o<span class=\"_ _0\"></span>Verdant B<span class=\"_ _0\"></span>ioscience Pte. <span class=\"ls15a ws1a5\">Ltd</span>. <span class=\"ws166\">for a total amount of KUSD<span class=\"_ _0\"></span> <span class=\"ws165\">3 08</span></span>2 to cover t<span class=\"_ _6\"></span>he ou<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>standi<span class=\"_ _0\"></span>ng liability that Verdant Bioscience Pte. Ltd. hasto its previous shareholder Si<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>e Darby <span class=\"ws7\">B<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>had.<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ws166\">T<span class=\"_ _0\"></span>his liability is due <span class=\"_ _0\"></span>in May 2023.<span class=\"ws7\"> </span></span></span>In connection to the sa<span class=\"_ _0\"></span>me share purchase agreement, Verdant<span class=\"_ _0\"></span> Bioscience Pte. Ltd. has <span class=\"_ _0\"></span>received a bank guarantee <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>or a to<span class=\"_ _0\"></span>tal am<span class=\"_ _0\"></span>ountof KUSD 593 f<span class=\"_ _6\"></span>rom the new sharehol<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>er PT D<span class=\"_ _0\"></span>harm<span class=\"_ _6\"></span>a <span class=\"_ _0\"></span>Satya Nusa<span class=\"_ _6\"></span>ntara whi<span class=\"_ _0\"></span>ch <span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>il<span class=\"_ _a\"></span>l be used <span class=\"_ _0\"></span>to provide <span class=\"_ _a\"></span>a loan to Verdant Bioscience PteLtd. <span class=\"ws166\">to repay part (10/52)<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> the above<span class=\"_ _0\"></span> outstanding liab<span class=\"_ _0\"></span>ilit<span class=\"_ _a\"></span>y.<span class=\"ws7\"> </span></span>Si<span class=\"_ _0\"></span>gnifica<span class=\"_ _0\"></span>nt liti<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Nihi<span class=\"_ _6\"></span>l<span class=\"ls7 ws7\"> </span>Forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sales<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>The commitments for the deli<span class=\"_ _0\"></span>ver<span class=\"_ _a\"></span>y of goods (palm p<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>oducts, rubber, tea<span class=\"_ _0\"></span><span class=\"ls14f ws170\">, <span class=\"_ _0\"></span></span>bananas and horticul<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ure) after the year end<span class=\"_ _0\"></span> fall withi<span class=\"_ _0\"></span>n t<span class=\"_ _6\"></span>henormal deli<span class=\"_ _0\"></span>ver<span class=\"_ _a\"></span>y period of about 3<span class=\"_ _0\"></span> m<span class=\"_ _6\"></span>on<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>hs<span class=\"_ _0\"></span> from date of sale.<span class=\"_ _0\"></span> Those sal<span class=\"_ _0\"></span>es are not considered as forward sales. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-113-3": {
   "value": "29.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">REL<span class=\"_ _6\"></span>ATED PARTY T<span class=\"_ _6\"></span>RANS<span class=\"_ _0\"></span>ACT<span class=\"_ _6\"></span>IONS<span class=\"ls7 ws7\"> </span></span>Tr<span class=\"_ _0\"></span>ansactions with <span class=\"_ _0\"></span>director<span class=\"_ _0\"></span>s and member<span class=\"_ _0\"></span>s of the exe<span class=\"_ _0\"></span>cutive com<span class=\"_ _0\"></span>mittee<span class=\"_ _4\"></span><span class=\"ls7 ws7\"> </span>Key management personnel are defined as the di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s management committee. The table bel<span class=\"_ _0\"></span>ow shows anoverview of total remuneration recei<span class=\"_ _0\"></span>ved:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Directors' fees<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">465</span>  <span class=\"ls14d ws161\">423</span> Fixed fees<span class=\"ws7\"> </span>2 429<span class=\"ws7\"> </span>2 213<span class=\"ws7\"> </span>Variabl<span class=\"_ _0\"></span>e f<span class=\"_ _6\"></span>ees<span class=\"ws7\"> </span>1 534<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">321</span> Post-<span class=\"ws166\">employment benefits</span>  <span class=\"ls14d ws161\">406</span>  <span class=\"ls14d ws161\">465</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">171</span>  <span class=\"ls14d ws161\">126</span> Market value vested stock<span class=\"_ _0\"></span> opt<span class=\"_ _a\"></span>ion (on ves<span class=\"_ _0\"></span>ting date)<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">88</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>5 200<span class=\"ws7\"> </span>3 637<span class=\"ws7\"> </span>The amounts are paid in <span class=\"_ _0\"></span>EUR. The amount paid in <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amount<span class=\"_ _a\"></span>s to<span class=\"_ _0\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>4 957 (<span class=\"ls14d ws161\">202</span>1:<span class=\"_ _a\"></span> KEUR 3 084)<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>ease <span class=\"ls152 ws1cc\">of KEUR </span>1 874is <span class=\"ws166\">mainly a con<span class=\"_ _0\"></span>sequence of <span class=\"ls14f ws170\">the</span></span> higher <span class=\"ws165\">variable fee pai<span class=\"_ _0\"></span>d in <span class=\"ls14d ws161\">202</span></span>2 <span class=\"ws166\">compared to <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span></span>1<span class=\"ls14f ws170\">. </span> Starting from the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year 2007 fixed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span>s shall be<span class=\"_ _0\"></span> paid to <span class=\"_ _0\"></span>the members of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> di<span class=\"_ _0\"></span>rectors, the audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> co<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mittee <span class=\"_ _4\"></span>and theremuneration committee.<span class=\"ws7\"> </span>Related party transactions are consi<span class=\"_ _0\"></span>dered immaterial, except for t<span class=\"_ _0\"></span>he rental agreement since 1985 be<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>een Cabra NV and S<span class=\"_ _0\"></span>IPEFcovering the o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>fices <span class=\"_ _0\"></span>and ancil<span class=\"_ _0\"></span>lary parking space at C<span class=\"_ _0\"></span>ast<span class=\"_ _a\"></span>le Cal<span class=\"_ _0\"></span>esberg in Schoten. The<span class=\"_ _0\"></span> annual rent, adj<span class=\"_ _0\"></span>usted f<span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>r inflation, amo<span class=\"_ _4\"></span>un<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>oKUS<span class=\"_ _6\"></span>D <span class=\"_ _0\"></span><span class=\"ls14d ws161\">194<span class=\"ls7 ws7\"> (</span>202<span class=\"ls7 ws7\">1 </span></span>KUSD <span class=\"ls14d ws161\">208<span class=\"ls7 ws17c\">) and KUSD </span>81<span class=\"ls7 ws7\"> <span class=\"_ _0\"></span>(</span>202<span class=\"ls7 ws7\">1 </span></span>K<span class=\"_ _a\"></span>USD 84<span class=\"_ _0\"></span>) is invoiced for SI<span class=\"_ _a\"></span>PEF\u2019<span class=\"_ _0\"></span>s share of<span class=\"_ _a\"></span> maintenance of the buildi<span class=\"_ _0\"></span>ngs, par<span class=\"_ _a\"></span>kingspace and park area. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF'<span class=\"_ _0\"></span>s r<span class=\"_ _6\"></span>elations with board members and management comm<span class=\"_ _a\"></span>ittee members are covered in detail<span class=\"_ _0\"></span> in the \u201cCorporate Governancestatem<span class=\"_ _a\"></span>ent\u201d section.<span class=\"_ _0\"></span><span class=\"ff9c ws7\"> </span>Other rel<span class=\"_ _0\"></span>ated par<span class=\"_ _0\"></span>ty t<span class=\"_ _a\"></span>ra<span class=\"_ _0\"></span>nsactio<span class=\"_ _0\"></span>n<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Transactions wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ed companies are mainl<span class=\"_ _0\"></span>y trade transactions a<span class=\"_ _0\"></span>nd are priced at arms\u2019 length<span class=\"_ _0\"></span>. The revenue and exp<span class=\"_ _0\"></span>enses rel<span class=\"_ _0\"></span>atedto these transactions are i<span class=\"_ _0\"></span>mm<span class=\"_ _6\"></span>ate<span class=\"_ _0\"></span>rial to the consol<span class=\"_ _0\"></span>idated financial stat<span class=\"_ _a\"></span>ements as a w<span class=\"_ _0\"></span>hole. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>Tr<span class=\"_ _0\"></span>ansacti<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>ith gr<span class=\"_ _0\"></span>oup com<span class=\"_ _0\"></span>panie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>Balances an<span class=\"_ _0\"></span>d t<span class=\"_ _6\"></span>ransactions be<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>een the <span class=\"_ _0\"></span>Gr<span class=\"_ _a\"></span>oup <span class=\"_ _a\"></span>and<span class=\"_ _0\"></span> its subsidiaries whi<span class=\"_ _0\"></span>ch are r<span class=\"_ _6\"></span>el<span class=\"_ _0\"></span>ated parties o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span>G<span class=\"_ _6\"></span>roup have been<span class=\"_ _0\"></span> eliminated in theconsoli<span class=\"_ _0\"></span>dat<span class=\"_ _a\"></span>ion and are not discl<span class=\"_ _0\"></span>osed in this note. Details of t<span class=\"_ _0\"></span>ransactions between the <span class=\"_ _0\"></span><span class=\"ws7\">Group <span class=\"_ _0\"></span></span>and other<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>elated pa<span class=\"_ _0\"></span>rt<span class=\"_ _a\"></span>ies <span class=\"_ _0\"></span><span class=\"ls156 ws1ba\">are<span class=\"_ _0\"></span> d</span>iscl<span class=\"_ _0\"></span>osedbelow<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>  The follow<span class=\"_ _0\"></span>ing table represents the<span class=\"_ _0\"></span> total o<span class=\"_ _0\"></span>f the transactions <span class=\"_ _0\"></span>that hav<span class=\"_ _0\"></span>e occurr<span class=\"_ _a\"></span>ed<span class=\"_ _0\"></span> during the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year between the<span class=\"_ _0\"></span> <span class=\"_ _4\"></span><span class=\"ls14f ws170\">Grou<span class=\"_ _0\"></span>p <span class=\"_ _0\"></span></span>and t<span class=\"_ _a\"></span>hejoint venture PT Ti<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>bang Del<span class=\"_ _0\"></span>i and Verdant Biosci<span class=\"_ _0\"></span>enc<span class=\"_ _6\"></span>e Pte Ltd at 10<span class=\"_ _0\"></span>0%:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Verdant Bioscience Pte Ltd<span class=\"_ _0\"></span><span class=\"ws7\"> </span>PT <span class=\"ws18d\">Tim<span class=\"_ _6\"></span>bang Deli<span class=\"ls7 ws7\"> </span></span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Total sales du<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ing the financial<span class=\"_ _0\"></span> year<span class=\"ws7\"> </span> 0  0  0  0 Total purchases during the financi<span class=\"_ _0\"></span>al year<span class=\"ws7\"> </span> 0  0 2 510<span class=\"ws7\"> </span>2 265<span class=\"ws7\"> </span>Total receivabl<span class=\"_ _0\"></span>es as per 31 December <span class=\"_ _0\"></span><span class=\"ws7\"> </span>9 028<span class=\"ws7\"> </span>8 330<span class=\"ws7\"> </span> 9  <span class=\"ls14d ws161\">14</span> Total payabl<span class=\"_ _0\"></span>es as per 31 December <span class=\"ws7\"> </span> <span class=\"ls14d ws161\">300</span>  <span class=\"ls14d ws161\">300</span>  <span class=\"ls14d ws161\">193</span>  <span class=\"ls14d ws161\">263</span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-113-4": {
   "value": "29.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">REL<span class=\"_ _6\"></span>ATED PARTY T<span class=\"_ _6\"></span>RANS<span class=\"_ _0\"></span>ACT<span class=\"_ _6\"></span>IONS<span class=\"ls7 ws7\"> </span></span>Tr<span class=\"_ _0\"></span>ansactions with <span class=\"_ _0\"></span>director<span class=\"_ _0\"></span>s and member<span class=\"_ _0\"></span>s of the exe<span class=\"_ _0\"></span>cutive com<span class=\"_ _0\"></span>mittee<span class=\"_ _4\"></span><span class=\"ls7 ws7\"> </span>Key management personnel are defined as the di<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>ors and <span class=\"_ _0\"></span>the <span class=\"_ _0\"></span><span class=\"ws7\">G</span>roup\u2019s management committee. The table bel<span class=\"_ _0\"></span>ow shows anoverview of total remuneration recei<span class=\"_ _0\"></span>ved:<span class=\"ws7\"> </span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021<span class=\"ls7 ws7\"> </span>Directors' fees<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">465</span>  <span class=\"ls14d ws161\">423</span> Fixed fees<span class=\"ws7\"> </span>2 429<span class=\"ws7\"> </span>2 213<span class=\"ws7\"> </span>Variabl<span class=\"_ _0\"></span>e f<span class=\"_ _6\"></span>ees<span class=\"ws7\"> </span>1 534<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">321</span> Post-<span class=\"ws166\">employment benefits</span>  <span class=\"ls14d ws161\">406</span>  <span class=\"ls14d ws161\">465</span> Othe<span class=\"_ _0\"></span>r<span class=\"ls7 ws7\"> </span> <span class=\"ls14d ws161\">171</span>  <span class=\"ls14d ws161\">126</span> Market value vested stock<span class=\"_ _0\"></span> opt<span class=\"_ _a\"></span>ion (on ves<span class=\"_ _0\"></span>ting date)<span class=\"ws7\"> </span> <span class=\"ls14d ws161\">195</span>  <span class=\"ls14d ws161\">88</span> Total<span class=\"_ _a\"></span><span class=\"ls7 ws7\"> </span>5 200<span class=\"ws7\"> </span>3 637<span class=\"ws7\"> </span>The amounts are paid in <span class=\"_ _0\"></span>EUR. The amount paid in <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span><span class=\"ws7\">2 </span>amount<span class=\"_ _a\"></span>s to<span class=\"_ _0\"></span> KEUR<span class=\"_ _0\"></span> <span class=\"_ _a\"></span>4 957 (<span class=\"ls14d ws161\">202</span>1:<span class=\"_ _a\"></span> KEUR 3 084)<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>ncr<span class=\"_ _a\"></span>ease <span class=\"ls152 ws1cc\">of KEUR </span>1 874is <span class=\"ws166\">mainly a con<span class=\"_ _0\"></span>sequence of <span class=\"ls14f ws170\">the</span></span> higher <span class=\"ws165\">variable fee pai<span class=\"_ _0\"></span>d in <span class=\"ls14d ws161\">202</span></span>2 <span class=\"ws166\">compared to <span class=\"_ _0\"></span><span class=\"ls14d ws161\">202</span></span>1<span class=\"ls14f ws170\">. </span> Starting from the<span class=\"_ _0\"></span> f<span class=\"_ _a\"></span>inanci<span class=\"_ _0\"></span>al year 2007 fixed<span class=\"_ _0\"></span> f<span class=\"_ _6\"></span>ee<span class=\"_ _0\"></span>s shall be<span class=\"_ _0\"></span> paid to <span class=\"_ _0\"></span>the members of<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> board o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> di<span class=\"_ _0\"></span>rectors, the audi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> co<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>mittee <span class=\"_ _4\"></span>and theremuneration committee.<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-115-2": {
   "value": "30.<span class=\"ff9a\"> <span class=\"_\"> </span></span>Business combinations, acquisitions and divestures During 2022<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> SI<span class=\"_ _a\"></span>PEF group ha<span class=\"_ _0\"></span>s purchased <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>ai<span class=\"_ _0\"></span>ning 5% sh<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>es of P<span class=\"_ _0\"></span>T Agro Muko<span class=\"_ _0\"></span><span class=\"ws7\"> </span>fo<span class=\"_ _0\"></span>r KUSD 5 500<span class=\"_ _0\"></span>, increasing the benefici<span class=\"_ _0\"></span>ainterest of PT Agro Muko <span class=\"_ _0\"></span>fr<span class=\"_ _6\"></span>om<span class=\"_ _0\"></span> 90.25% to 95<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>00<span class=\"_ _0\"></span>%<span class=\"_ _a\"></span>. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>In 2021, SIPEF<span class=\"_ _0\"></span> signed a sale and pu<span class=\"_ _0\"></span>rchase agreement wi<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>h S<span class=\"_ _0\"></span>hamrock Group (SG) on<span class=\"_ _0\"></span> the sale of<span class=\"_ _0\"></span> 100% of the sha<span class=\"_ _0\"></span>re capital of i<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>sIndonesian subsi<span class=\"_ _0\"></span>d<span class=\"_ _6\"></span>iary, PT Melania. SG is an Indonesia<span class=\"_ _0\"></span>n group t<span class=\"_ _a\"></span>hat runs several rubber plantations and factories, and specialises inthe production and<span class=\"_ _0\"></span> sale of latex gl<span class=\"_ _0\"></span>oves.<span class=\"_ _6\"></span> B<span class=\"_ _0\"></span>ef<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>e <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> transaction, SIPEF controll<span class=\"_ _0\"></span>ed 95% of<span class=\"_ _a\"></span> PT <span class=\"_ _0\"></span>Melania through its Indonesi<span class=\"_ _0\"></span>an 95<span class=\"_ _0\"></span>%subsidi<span class=\"_ _0\"></span>ar<span class=\"_ _a\"></span>y, PT Tolan T<span class=\"_ _0\"></span>ig<span class=\"_ _6\"></span>a. The remaini<span class=\"_ _0\"></span>ng 5% is own<span class=\"_ _0\"></span>ed by an Indonesi<span class=\"_ _0\"></span>an pension fund. <span class=\"ws7\"> </span>As a reminder, PT Melania owns half of the G<span class=\"_ _a\"></span>roup\u2019s Indonesian rubbe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span> op<span class=\"_ _0\"></span>er<span class=\"_ _a\"></span>ations in S<span class=\"_ _0\"></span>um<span class=\"_ _a\"></span>atra and the entire t<span class=\"_ _a\"></span>ea operations in <span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>avaInitially, 40% of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> shar<span class=\"_ _a\"></span>es<span class=\"_ _0\"></span> was sold for a pay<span class=\"_ _0\"></span>ment of USD 19<span class=\"_ _0\"></span> million. After this <span class=\"_ _0\"></span>f<span class=\"_ _a\"></span>irst st<span class=\"_ _0\"></span>age <span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>he Shamrock<span class=\"_ _0\"></span> G<span class=\"_ _6\"></span>roup<span class=\"_ _0\"></span> took over <span class=\"_ _0\"></span>themanagement of <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> r<span class=\"_ _6\"></span>ub<span class=\"_ _0\"></span>ber activities. T<span class=\"_ _0\"></span>he second tranche o<span class=\"_ _0\"></span>f<span class=\"_ _a\"></span> 60% o<span class=\"_ _0\"></span>f the<span class=\"_ _0\"></span> shares (of whi<span class=\"_ _0\"></span>ch 55% are held by<span class=\"_ _0\"></span> SIPEF) wi<span class=\"_ _0\"></span>ll be transfe<span class=\"_ _0\"></span>rredno later than 2024 for USD 17 million, after<span class=\"_ _a\"></span> the renewal of the permanent land rights (HG<span class=\"_ _0\"></span>U) for<span class=\"_ _a\"></span> the whole of the rubber and teabusiness. The gross transac<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>on price for 100% of the<span class=\"_ _0\"></span> shares is USD 36 mi<span class=\"_ _0\"></span>llion.<span class=\"_ _0\"></span><span class=\"ws7\"> <span class=\"_ _6\"></span> </span>At 31 December<span class=\"_ _0\"></span> 2021, a <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>otal o<span class=\"_ _0\"></span>f KUSD 1 <span class=\"_ _0\"></span>922 has already be<span class=\"_ _0\"></span>en paid rel<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ing to<span class=\"_ _0\"></span> t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> costs associ<span class=\"_ _0\"></span>ated with the SPA<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>uring 2022<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>nadditiona<span class=\"_ _0\"></span>l amount of<span class=\"_ _6\"></span> K<span class=\"_ _0\"></span>USD 3 502 has be<span class=\"_ _0\"></span>en paid. This brings the t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> paid amount to KUSD 5 424 <span class=\"_ _0\"></span>at<span class=\"_ _6\"></span> <span class=\"_ _4\"></span>31 December 2022. The <span class=\"_ _0\"></span>totalhas been deducted from <span class=\"_ _0\"></span>the advance that was already recei<span class=\"_ _0\"></span>ved at C<span class=\"_ _0\"></span>D 1 (KUSD 9 <span class=\"_ _0\"></span>167)<span class=\"_ _a\"></span>.<span class=\"ws7\"> </span>The final ne<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> sal<span class=\"_ _0\"></span>e price and an<span class=\"_ _0\"></span>y capital gain on<span class=\"_ _0\"></span> the sa<span class=\"_ _0\"></span>le of PT Mel<span class=\"_ _0\"></span>ania will depend l<span class=\"_ _0\"></span>argely on the timing and <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> cost of<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>enewi<span class=\"_ _0\"></span>ng t<span class=\"_ _a\"></span>hepermanent concession rights<span class=\"_ _0\"></span> (<span class=\"_ _6\"></span>H<span class=\"_ _0\"></span>G<span class=\"_ _a\"></span>U)<span class=\"_ _0\"></span> and on the<span class=\"_ _0\"></span> compensation for th<span class=\"_ _0\"></span>e accumulated social righ<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span> of the<span class=\"_ _0\"></span> em<span class=\"_ _a\"></span>ployed pe<span class=\"_ _0\"></span>r<span class=\"_ _6\"></span>son<span class=\"_ _0\"></span>nel, who w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>llpresumably be taken over<span class=\"_ _0\"></span> almost entirely. The gai<span class=\"_ _0\"></span>n on the sale of<span class=\"_ _0\"></span> PT Mel<span class=\"_ _0\"></span>ania may be adjusted going forward<span class=\"_ _0\"></span> depending on revisi<span class=\"_ _0\"></span>onof the estimate of <span class=\"_ _0\"></span>these cost<span class=\"_ _a\"></span>s<span class=\"_ _0\"></span> in the future. <span class=\"_ _0\"></span><span class=\"ws7\"> </span>SIPEF has made<span class=\"_ _0\"></span> a best<span class=\"_ _0\"></span> estimat<span class=\"_ _a\"></span>e<span class=\"_ _0\"></span> of the cos<span class=\"_ _0\"></span>ts related <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>the sal<span class=\"_ _0\"></span>e of PT Melani<span class=\"_ _0\"></span>a. Below<span class=\"_ _0\"></span> we present the cal<span class=\"_ _0\"></span>culation of the<span class=\"_ _0\"></span> net se<span class=\"_ _4\"></span>lli<span class=\"_ _0\"></span>ngprice <span class=\"ws166\">as was done at <span class=\"_ _0\"></span>the t<span class=\"_ _a\"></span>ime<span class=\"_ _0\"></span> of<span class=\"_ _a\"></span> sale i<span class=\"_ _0\"></span>n 2021:<span class=\"ws7\"> </span></span>In<span class=\"_ _a\"></span> KUSD<span class=\"ls7 ws7\"> </span>Se<span class=\"_ _0\"></span>lling p<span class=\"_ _0\"></span>rice<span class=\"_ _0\"></span><span class=\"ls7\"> </span>Total amount to be recei<span class=\"_ _0\"></span>ved<span class=\"ws7\"> </span>36 000<span class=\"ws7\"> </span>estimated costs related <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>o <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> sale<span class=\"_ _0\"></span><span class=\"ws7\"> </span>-<span class=\"ws166\">11 418</span> Net selli<span class=\"_ _0\"></span>ng price (100% of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> shares)<span class=\"_ _0\"></span><span class=\"ws7\"> </span>24 582<span class=\"ws7\"> </span>Net selli<span class=\"_ _0\"></span>ng price for 95%<span class=\"ws7\"> </span>23 353<span class=\"ws7\"> </span>Of wh<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span><span class=\"ls7\"> </span>40% of the shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>9 833<span class=\"ws7\"> </span>55% of the shares<span class=\"_ _0\"></span><span class=\"ws7\"> </span>13 520<span class=\"ws7\"> </span>At 31 December 2022 the group still<span class=\"_ _0\"></span> considers the net<span class=\"_ _a\"></span> selling price and the subsequent capital gai<span class=\"_ _0\"></span>n of K<span class=\"_ _6\"></span>U<span class=\"_ _0\"></span>SD 11 640 as recor<span class=\"_ _a\"></span>de<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> inthe financi<span class=\"_ _0\"></span>al statem<span class=\"_ _a\"></span>ents of<span class=\"_ _0\"></span> 2021 to<span class=\"_ _0\"></span> be cor<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>ect. How<span class=\"_ _0\"></span>ever any chang<span class=\"_ _0\"></span>e in <span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>he es<span class=\"_ _0\"></span>timated costs<span class=\"_ _0\"></span> r<span class=\"_ _a\"></span>elated<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>o<span class=\"_ _0\"></span> the sale<span class=\"_ _0\"></span> will<span class=\"_ _0\"></span> impact<span class=\"_ _a\"></span> the<span class=\"_ _4\"></span> <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nalcapital gai<span class=\"_ _0\"></span>n in either a posi<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>ive or<span class=\"_ _0\"></span> a negative w<span class=\"_ _0\"></span>ay. The<span class=\"_ _0\"></span> gr<span class=\"_ _a\"></span>oup<span class=\"_ _0\"></span> aims to fina<span class=\"_ _0\"></span>lise the sale<span class=\"_ _0\"></span> of the second <span class=\"_ _0\"></span>tranche of<span class=\"_ _0\"></span> 60% of the<span class=\"_ _0\"></span> shares (ofwhich 55<span class=\"_ _0\"></span>%<span class=\"_ _a\"></span> are held by SIPEF) in the<span class=\"_ _0\"></span> course of 2023. N<span class=\"_ _0\"></span>onetheless the timing remains uncertain<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>and <span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ainl<span class=\"_ _0\"></span>y depends on the exacttiming of the renewal<span class=\"_ _0\"></span> of t<span class=\"_ _6\"></span>he<span class=\"_ _0\"></span> land titles of<span class=\"_ _0\"></span> PT Melania<span class=\"_ _0\"></span><span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAvailableforsaleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-117-2": {
   "value": "31.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls15d ws1b1\">EARNI<span class=\"_ _a\"></span>NGS PER SHARE<span class=\"_ _a\"></span> (BA<span class=\"_ _6\"></span>S<span class=\"_ _0\"></span>IC<span class=\"_ _a\"></span> AND DIL<span class=\"_ _6\"></span>UTED)<span class=\"ls7 ws7\"> </span></span>From c<span class=\"_ _a\"></span>ontinui<span class=\"_ _6\"></span>ng and disconti<span class=\"_ _6\"></span>nued operati<span class=\"_ _6\"></span>ons<span class=\"_ _0\"></span><span class=\"ls7 ws7\"> </span>2022<span class=\"ls7 ws7\"> </span>2021Basic earnings per share<span class=\"ws7\"> </span>Basic earni<span class=\"_ _0\"></span>ngs per share <span class=\"ws7\">- <span class=\"_ _6\"></span><span class=\"ws166\">cal<span class=\"_ _0\"></span>culation (USD)<span class=\"ws7\"> </span></span></span>10.40 9.00Basic earni<span class=\"_ _0\"></span>ngs per share is calculated as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span>Numerator:<span class=\"_ _a\"></span> ne<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> period attributable to ordinary sharehol<span class=\"_ _0\"></span>ders (KUSD)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">108 157</span>  93 749Denominator: the weighted average number<span class=\"_ _0\"></span> of ordinary shares <span class=\"ws7\">ou<span class=\"_ _0\"></span>tstanding </span>10 401 938<span class=\"ws7\"> </span>10 418 431The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>rdinary shares outstanding<span class=\"_ _0\"></span> is calculated as follow<span class=\"_ _0\"></span>s:<span class=\"ws7\"> </span>Number of ordinary shares outs<span class=\"_ _0\"></span>tanding at January 1<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 401 328<span class=\"ws7\"> </span>10 419 328Effect of shares issue<span class=\"_ _0\"></span>d /<span class=\"_ _a\"></span> share bu<span class=\"_ _0\"></span>yback progr<span class=\"_ _a\"></span>ams<span class=\"_ _0\"></span><span class=\"ws7\"> </span>  <span class=\"ls14d ws161\">610<span class=\"_ _0\"></span></span><span class=\"ws7\"> </span>-  897Effect of the capital i<span class=\"_ _0\"></span>ncrease<span class=\"ws7\"> </span>  <span class=\"ws7\">0<span class=\"_ _0\"></span> </span>  0The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>rdinary shares outstanding<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>ecember 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 401 938<span class=\"ws7\"> </span>10 418 431Diluted earnings per share<span class=\"_ _0\"></span><span class=\"ws7\"> </span>Dil<span class=\"_ _0\"></span>ut<span class=\"_ _a\"></span>ed earnings per share <span class=\"ws7\">- </span>calcul<span class=\"_ _0\"></span>at<span class=\"_ _a\"></span>ion (USD<span class=\"_ _0\"></span>)<span class=\"ws7\"> </span>10.36 8.99The <span class=\"ws166\">diluted earni<span class=\"_ _0\"></span>ngs per share is calculated as foll<span class=\"_ _0\"></span>ows:</span> Numerator:<span class=\"_ _a\"></span> ne<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span> resul<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span> for<span class=\"_ _0\"></span> t<span class=\"_ _a\"></span>he<span class=\"_ _0\"></span> period attributable to ordinary sharehol<span class=\"_ _0\"></span>ders (KUSD)<span class=\"_ _0\"></span><span class=\"ws7\"> </span> <span class=\"ws165\">108 157</span>  93 749Denominator: the weighted average number<span class=\"_ _0\"></span> of dilutive ordi<span class=\"_ _0\"></span>nar<span class=\"_ _a\"></span>y shares outstanding<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 443 064<span class=\"ws7\"> </span>10 422 490The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> di<span class=\"_ _0\"></span>lutive ordinary shares ou<span class=\"_ _0\"></span>t<span class=\"_ _a\"></span>standing is cal<span class=\"_ _0\"></span>culated as follows:<span class=\"_ _0\"></span><span class=\"ws7\"> </span>The wei<span class=\"_ _0\"></span>ghted average number of<span class=\"_ _6\"></span> o<span class=\"_ _0\"></span>rdinary shares outstanding<span class=\"_ _0\"></span> at<span class=\"_ _6\"></span> D<span class=\"_ _0\"></span>ecember 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span>10 401 938<span class=\"ws7\"> </span>10 418 431Effect of stock options on i<span class=\"_ _0\"></span>ssue<span class=\"ws7\"> </span> <span class=\"ws166\">41 126</span>  4 059 <span class=\"ws166\">The weighted average nu<span class=\"_ _0\"></span>m<span class=\"_ _6\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span> of di<span class=\"_ _0\"></span>lutive ordinary shares outstanding at Dece<span class=\"_ _0\"></span>m<span class=\"_ _a\"></span>ber 31<span class=\"_ _0\"></span><span class=\"ws7\"> </span></span>10 443 064<span class=\"ws7\"> </span>10 422 490",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-118-2": {
   "value": "32.<span class=\"ff9a\"> <span class=\"_\"> </span></span><span class=\"ls150 ws16e\">EVENTS<span class=\"_ _0\"></span> AFTER<span class=\"_ _0\"></span> THE BA<span class=\"_ _0\"></span>LANCE S<span class=\"_ _0\"></span>HEET DATE<span class=\"_ _0\"></span></span> There are no signi<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>cant post-<span class=\"_ _a\"></span>balance she<span class=\"_ _0\"></span>et<span class=\"_ _a\"></span> events that have a spec<span class=\"_ _0\"></span>ific impact on SIPEF group'<span class=\"_ _0\"></span>s activities and consolidated financi<span class=\"_ _0\"></span>astatem<span class=\"_ _a\"></span>ents. Thi<span class=\"_ _0\"></span>s is also true for<span class=\"_ _a\"></span> the latest evolution of the dispute <span class=\"_ _0\"></span>bet<span class=\"_ _6\"></span>w<span class=\"_ _0\"></span>een Russia and Ukraine and the recent problems at s<span class=\"_ _0\"></span>om<span class=\"_ _a\"></span>ebanks (Sil<span class=\"_ _0\"></span>icon Va<span class=\"_ _a\"></span>lley <span class=\"_ _0\"></span>Bank and Cr\u00e9dit Suisse).<span class=\"ws7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-2": {
   "value": "33.<span class=\"ff9a\"> <span class=\"_\"> </span></span>SERVICES <span class=\"ls15d ws1b1\">PROVIDED B<span class=\"_ _a\"></span>Y THE<span class=\"_ _6\"></span> AUDITOR AND RE<span class=\"ls150 ws16e\">LATED FE<span class=\"_ _0\"></span>ES <span class=\"ls7 ws7\"> </span></span></span>The statutory auditor o<span class=\"_ _0\"></span>f<span class=\"_ _6\"></span> <span class=\"_ _0\"></span>the SIPEF group is <span class=\"_ _0\"></span><span class=\"ls15f ws165\">EY <span class=\"_ _6\"></span><span class=\"ls7 ws7\">B<span class=\"_ _0\"></span>edrijfsrevisoren <span class=\"ls15f ws165\">BV </span><span class=\"ws166\">r<span class=\"_ _6\"></span>ep<span class=\"_ _0\"></span>r<span class=\"_ _a\"></span>esented by<span class=\"_ _0\"></span> Wim Van Gasse and C<span class=\"_ _0\"></span>hr<span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>st<span class=\"_ _a\"></span>oph Ori<span class=\"_ _0\"></span>s<span class=\"ws7\">. </span></span></span></span>The fees for the<span class=\"_ _0\"></span> annual report of SIPEF were approved by <span class=\"_ _0\"></span>the general<span class=\"_ _0\"></span> m<span class=\"_ _a\"></span>eeting after review an<span class=\"_ _0\"></span>d approval of the audit <span class=\"_ _0\"></span><span class=\"ls14f ws170\">co<span class=\"_ _0\"></span>mmitte<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span></span> <span class=\"_ _6\"></span>andby the board of directors<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span> T<span class=\"_ _0\"></span>hese fees<span class=\"ws7\"> <span class=\"_ _4\"></span>co</span>rrespond to an a<span class=\"_ _0\"></span>mount of KUSD<span class=\"_ _0\"></span> 1<span class=\"ls14d ws161\">15</span> <span class=\"_ _0\"></span><span class=\"ws187\">i<span class=\"_ _0\"></span>n 2022</span> <span class=\"_ _0\"></span>(<span class=\"ls14d ws161\">2021:</span> <span class=\"_ _0\"></span><span class=\"ls152 ws179\">KUSD <span class=\"_ _0\"></span><span class=\"ls14d ws161\">118<span class=\"ls14f ws18a\">)<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span> </span></span></span>Group, <span class=\"_ _0\"></span><span class=\"ls15f ws165\">EY <span class=\"_ _0\"></span></span>hasprovided services for KU<span class=\"ls152 ws179\">SD<span class=\"_ _0\"></span> <span class=\"_ _6\"></span><span class=\"ls14d ws161\">56<span class=\"ls7 ws7\">8 in </span>202<span class=\"ls7 ws7\">2 (</span>2021:<span class=\"ls7 ws7\"> <span class=\"ls152 ws179\">KUSD </span></span>577<span class=\"ls7 ws166\">)<span class=\"_ _a\"></span>, of whi<span class=\"_ _0\"></span>ch KUSD<span class=\"ws7\"> 0 (<span class=\"ls14d ws161\">20</span>21<span class=\"ls152 ws1cc\">: KUSD </span>0</span>) are for non<span class=\"ws7\">-</span>audit services<span class=\"ws7\">.<span class=\"_ _0\"></span> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f155778": {
   "value": "SIPEF",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f155783": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-121-1": {
   "value": "Naamloze vennootschap",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f155797": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-123-1": {
   "value": "Calesbergdreef 5, 2900 Schoten, Belgium",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-124-1": {
   "value": "Indonesia, Papua New Guinea and Ivory Coast",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-1": {
   "value": "Tropical agriculture",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f155846": {
   "value": "SIPEF",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f155854": {
   "value": "SIPEF",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-1": {
   "value": "No change in name of reporting entity",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod",
    "language": "en",
    "entity": "scheme:549300NN3PC8KDD43S24",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}