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    "unit": "iso4217:EUR"
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  },
  "f22462": {
   "value": "22079000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  },
  "f22466": {
   "value": "8434000",
   "decimals": -3,
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    "concept": "ifrs-full:AdjustmentsForIncomeTaxExpense",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
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  },
  "f22469": {
   "value": "22612000",
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  },
  "f22472": {
   "value": "3821000",
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  },
  "f22475": {
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  },
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  },
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  },
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    "entity": "scheme:549300P50MFNOHG4U221",
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  },
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   "value": "3408000",
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  },
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    "concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
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  "pp-value-1-1": {
   "value": "6. Not<span class=\"_ _1\"></span>es conc<span class=\"_ _1\"></span>ernant les \u00e9tats financiers consolid\u00e9s 1. Entit\u00e9 pr\u00e9sentant les \u00e9tats financiers Cener<span class=\"_ _1\"></span>gy HoldingsS.A. (ci-apr\u00e8s d\u00e9nomm\u00e9e \u00abla Soci\u00e9t\u00e9\u00bb ou \u00abCener<span class=\"_ _1\"></span>gy Holdings\u00bb) est une soci\u00e9t\u00e9 anonyme domicili\u00e9e en Belgique constitu\u00e9e en v<span class=\"_ _1\"></span>ertu de la loi belge. Le num\u00e9r<span class=\"_ _1\"></span>o d\u2019enr<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ement de la Soci\u00e9t\u00e9 est le 0649.991.654 et<span class=\"_ _8\"></span> son si\u00e8ge social est situ\u00e9av<span class=\"_ _1\"></span>enue Marnix 30, 1000 Brux<span class=\"_ _1\"></span>elles, Belgique.Les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de la Soci\u00e9t\u00e9<span class=\"_ _8\"></span> compr<span class=\"_ _1\"></span>ennent ceux de la Soci\u00e9t\u00e9 et de ses filiales (d\u00e9sign\u00e9es c<span class=\"_ _1\"></span>ollectivement comme \u00ab le Gr<span class=\"_ _1\"></span>oupe \u00bb), et les participations<span class=\"_ _8\"></span> de Cener<span class=\"_ _1\"></span>gy Holdings dans des entreprises associ\u00e9es, comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence. Cener<span class=\"_ _1\"></span>gy Holdings est une soci\u00e9t\u00e9 holding qui d\u00e9tient des participations dans 16 soci\u00e9t\u00e9s. Disposant de sites de production en Gr\u00e8c<span class=\"_ _1\"></span>e, en Bulgarie et en Roumanie, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont sp\u00e9cialis\u00e9es dans la<span class=\"_ _8\"></span> fabrication de tubes d\u2019<span class=\"_ _1\"></span>acier et de c\u00e2bles. Des informations sur la structur<span class=\"_ _1\"></span>e du Groupe sont fournies \u00e0 la note 31. Les actions de Cener<span class=\"_ _1\"></span>gy Holdings sont cot\u00e9es sur Eurone<span class=\"_ _1\"></span>xt Bruxelles, a<span class=\"_ _1\"></span>vec une c<span class=\"_ _1\"></span>otation secondaire \u00e0 la bourse d'Ath\u00e8nes (tick<span class=\"_ _1\"></span>er \u00ab CENER \u00bb). L<span class=\"_ _1\"></span>\u2019adres<span class=\"_ _1\"></span>se \u00e9lectronique de la Soci\u00e9t\u00e9 est www<span class=\"_ _1\"></span>.cenergyhol<span class=\"_ _8\"></span>ding<span class=\"_ _8\"></span>s.com, o\u00f9 les \u00e9tats financiers consolid\u00e9s ont \u00e9t\u00e9 publi\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings est une filiale de Viohalco S.A.(7<span class=\"_ _1\"></span>9,78 % des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e). Viohalc<span class=\"_ _1\"></span>o S.A. (ci-apr\u00e8s d\u00e9nomm\u00e9e \u00ab<span class=\"_ _1\"></span>Viohalco\u00bb) es<span class=\"_ _1\"></span>t une soci\u00e9t\u00e9 holding belge dont les filiales sont sp\u00e9cialis\u00e9es dans la fabrication de produits d'aluminium, de cuivre<span class=\"_ _1\"></span>, de c\u00e2bles, d'acier et de tubes d\u2019acier<span class=\"_ _1\"></span>, et qui s'engage \u00e0 d\u00e9v<span class=\"_ _1\"></span>elopper durablement des produits et solutions de qualit\u00e9, inno<span class=\"_ _1\"></span>vants et \u00e0 v<span class=\"_ _1\"></span>aleur ajout\u00e9e pour une client\u00e8le mondiale dynamique. 2. Base de pr\u00e9para<span class=\"_ _1\"></span>tion<span class=\"_ _8\"></span> D\u00e9claration de c<span class=\"_ _1\"></span>onformit\u00e9 Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. Des d\u00e9tails concernant les principales m\u00e9thodes c<span class=\"_ _1\"></span>omptables de la Soci\u00e9t\u00e9 sont inclus dans la note 5. Base de pr\u00e9paration Les \u00e9tats financiers consolid\u00e9s ont \u00e9t\u00e9 pr\u00e9par\u00e9s en v<span class=\"_ _1\"></span>ertu du principe du co\u00fbt hist<span class=\"_ _1\"></span>orique, \u00e0 l'ex<span class=\"_ _1\"></span>ception des \u00e9l\u00e9ments d'actif et de passif suiv<span class=\"_ _1\"></span>ants qui sont \u00e9valu\u00e9s selon une autre m\u00e9thode \u00e0 chaque da<span class=\"_ _1\"></span>te de cl\u00f4ture : \u2022 <span class=\"_ _20\"> </span>Ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s d\u00e9tenus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture (juste valeur); \u2022 <span class=\"_ _20\"> </span>A<span class=\"_ _1\"></span>ctifs financiers \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global (<span class=\"_ _8\"></span>juste v<span class=\"_ _1\"></span>aleur);<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>assif net au titre de pr<span class=\"_ _1\"></span>estations d\u00e9finies (valeur actualis\u00e9e de l'obligation). Le Gr<span class=\"_ _1\"></span>oupe a pr\u00e9par\u00e9 les \u00e9tats financiers consolid\u00e9s en se fondant sur le fait qu'il c<span class=\"_ _1\"></span>ontinuera de fonctionner c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> une entit\u00e9 en exploita<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> 3. Monnaie fonctionnelle et de pr\u00e9sentation La monnaie fonctionnelle et de pr\u00e9sentation de la Soci\u00e9t\u00e9 et du Gr<span class=\"_ _1\"></span>oupe est l'euro<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ous les montants indiqu\u00e9s dans les \u00e9tats financiers consolid\u00e9s sont arr<span class=\"_ _1\"></span>ondis au millier le plus proche, sauf indication c<span class=\"_ _1\"></span>ontrair<span class=\"_ _1\"></span>e. En raison des r\u00e8gles d'arrondis, les chiffr<span class=\"_ _1\"></span>es indiqu\u00e9s en tant que totaux dans certains tableaux peuv<span class=\"_ _1\"></span>ent ne pas corr<span class=\"_ _1\"></span>espondre \u00e0 l'addition arithm\u00e9tique des chiffres qui les pr\u00e9c\u00e8dent. 4. Recours \u00e0 des es<span class=\"_ _1\"></span>timations et jugements<span class=\"_ _8\"></span> La pr\u00e9paration des \u00e9ta<span class=\"_ _1\"></span>ts financiers selon les normes IFRS exige que la Direction e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce des jugements, r\u00e9alise des estimations et \u00e9tablisse des h<span class=\"_ _1\"></span>ypoth\u00e8ses qui ont des incidences sur l\u2018application des m\u00e9thodes comptables de Cener<span class=\"_ _1\"></span>gy Holdings et sur les montants comptabilis\u00e9s des actifs, passifs, produits et char<span class=\"_ _1\"></span>ges. Les valeurs r\u00e9elles peuvent diff\u00e9r<span class=\"_ _1\"></span>er de ces estimations. Les estimations et jugements de la Dir<span class=\"_ _1\"></span>ection sont r\u00e9ex<span class=\"_ _1\"></span>amin\u00e9s de fa\u00e7on p\u00e9riodique. La r\u00e9vision des estimations est appliq<span class=\"ws1\">u\u00e9e de fa\u00e7on pr<span class=\"_ _1\"></span>ospective. </span>Les informations r<span class=\"_ _1\"></span>elatives aux jugements, h<span class=\"_ _1\"></span>ypoth\u00e8ses et incertitudes d'estimation qui pr\u00e9sent<span class=\"_ _1\"></span>ent un risque<span class=\"_ _8\"></span> significatif d'entra\u00eener un ajus<span class=\"_ _1\"></span>tement important des valeurs c<span class=\"_ _1\"></span>omptables des actifs et passifs au cours du prochain ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont incluses dans les notes suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 7<span class=\"_ _1\"></span>.F \u2013 Comptabilisation du chiffr<span class=\"_ _1\"></span>e d\u2019aff<span class=\"_ _1\"></span>aires ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 11.C.a \u2013 \u00c9v<span class=\"_ _1\"></span>aluation des obligations au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies : principales hypoth\u00e8ses actuarielles ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 13.C \u2013 C<span class=\"_ _1\"></span>omptabilisation d\u2019actifs d\u2019imp\u00f4t diff\u00e9r\u00e9, disponibilit\u00e9 de b\u00e9n\u00e9fices imposables futurs pouv<span class=\"_ _1\"></span>ant \u00eatre utilis\u00e9s pour le report de pert<span class=\"_ _1\"></span>es fiscales ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 15.B \u2013 Recouvr<span class=\"_ _1\"></span>abilit\u00e9 des cr\u00e9ances en souffranc<span class=\"_ _1\"></span>e d\u2019un ancien client au Moy<span class=\"_ _1\"></span>en-Orient ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 17<span class=\"_ _1\"></span>.D \u2013 Pert<span class=\"_ _1\"></span>e de valeur sur immobilis\u00e9s corpor<span class=\"_ _1\"></span>elles ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 19.D \u2013 T<span class=\"_ _0\"></span>est de d\u00e9pr\u00e9ciation : hypoth\u00e8ses cl\u00e9s sous-jac<span class=\"_ _1\"></span>entes aux montants rec<span class=\"_ _1\"></span>ouvrables ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 20.B \u2013 Ev<span class=\"_ _1\"></span>aluation de la juste v<span class=\"_ _1\"></span>aleur des biens immobiliers de placements ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 30.<span class=\"_ _1\"></span>C1 \u2013 Evaluation des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues sur cr\u00e9ances clients et actifs sur c<span class=\"_ _1\"></span>ontrats : h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> cl\u00e9s pour d\u00e9terminer les taux de perte pr\u00e9vus. 5. Principales m\u00e9thodes comptables Les principes comptables d\u00e9crits ci-des<span class=\"_ _1\"></span>sous ont \u00e9t\u00e9 appliqu\u00e9s de fa\u00e7on uniforme \u00e0 tous les e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cices pr\u00e9sent\u00e9s dans les pr\u00e9sents \u00e9tats financiers consolid\u00e9s et ont \u00e9galement \u00e9t\u00e9 appliqu\u00e9s de f<span class=\"_ _1\"></span>a\u00e7on uniforme par Cenergy Holdings et ses filiales et ses entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>1 Base de la consolidation (a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. (b) T<span class=\"_ _0\"></span>ransactions sous contr\u00f4le commun Un regr<span class=\"_ _1\"></span>oupement d\u2019<span class=\"_ _1\"></span>entreprises dans lequel tout<span class=\"_ _1\"></span>es les entit\u00e9s regroup\u00e9es ou activit\u00e9s sont c<span class=\"_ _1\"></span>ontr\u00f4l\u00e9es in fine par la<span class=\"_ _8\"></span> m\u00eame partie ou les m\u00eames parties tant av<span class=\"_ _1\"></span>ant qu\u2019apr\u00e8s le r<span class=\"_ _1\"></span>egroupement, et ce contr\u00f4le n\u2019<span class=\"_ _1\"></span>est pas t<span class=\"_ _1\"></span>emporair<span class=\"_ _1\"></span>e, est une transaction sous c<span class=\"_ _1\"></span>ontr\u00f4le commun. Le gr<span class=\"_ _1\"></span>oupe a choisi de comptabiliser les transactions sous contr\u00f4le c<span class=\"_ _1\"></span>ommun \u00e0<span class=\"_ _8\"></span> la valeur c<span class=\"_ _1\"></span>omptable. Les actifs nets identifiables acquis ne sont pas \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 la juste valeur<span class=\"_ _0\"></span>, ils sont comptabilis\u00e9s \u00e0 leur valeur c<span class=\"_ _1\"></span>omptable ; les immobilisations incorporelles et les pas<span class=\"_ _1\"></span>sifs \u00e9ventuels sont comptabilis\u00e9s uniquement dans la mesure o\u00f9 ils ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s avant le r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprises conform\u00e9ment aux normes IFRS applicables. T<span class=\"_ _0\"></span>oute diff\u00e9r<span class=\"_ _1\"></span>ence entre la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e et le capital de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise acquise est pr\u00e9sent\u00e9e dans les r\u00e9sultats report\u00e9s des capitaux pr<span class=\"_ _1\"></span>opres. L<span class=\"_ _1\"></span>es co\u00fbts de transaction sont cons<span class=\"_ _1\"></span>tat\u00e9s en charge lorsqu\u2019ils sont engag\u00e9s. (c<span class=\"_ _1\"></span>) Filiales<span class=\"_ _8\"></span> Les filiales sont des entit\u00e9s contr\u00f4l\u00e9es par C<span class=\"_ _1\"></span>energy Holdings. Cener<span class=\"_ _1\"></span>gy Holdings contr\u00f4le une entit\u00e9 lorsqu'elle est associ\u00e9e \u00e0, ou a des dr<span class=\"_ _1\"></span>oits sur<span class=\"_ _1\"></span>, des rendements v<span class=\"_ _1\"></span>ariables en raison de ses liens av<span class=\"_ _1\"></span>ec l'entit\u00e9 et qu'elle a la capacit\u00e9 d'influer sur ces r<span class=\"_ _1\"></span>endements en vertu du pouv<span class=\"_ _1\"></span>oir qu'elle ex<span class=\"_ _1\"></span>erce sur c<span class=\"_ _1\"></span>elle-ci. Les \u00e9tats financiers des filiales sont inclus<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s \u00e0 c<span class=\"_ _1\"></span>ompter de la date du d\u00e9but du contr\u00f4le jusqu'\u00e0 la da<span class=\"_ _1\"></span>te de la fin du contr\u00f4le. (d) P<span class=\"_ _1\"></span>articipations ne donnant pas le contr\u00f4le Les participations ne donnant pas le contr\u00f4le sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es \u00e0 leur juste v<span class=\"_ _1\"></span>aleur ou \u00e0 leur quote-part des actifs nets identifiables de la soci\u00e9t\u00e9 acquise \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition. Cette \u00e9v<span class=\"_ _1\"></span>aluation est effectu\u00e9e s\u00e9par\u00e9ment pour chacune des acquisitions. Les modifications de la participation de Cener<span class=\"_ _1\"></span>gy Holdings dans une filiale qui n'entra\u00eenent pas une pert<span class=\"_ _1\"></span>e de contr\u00f4le sont comptabilis\u00e9es comme des tr<span class=\"_ _1\"></span>ansactions portant sur les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) Perte de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> Lorsque Cener<span class=\"_ _1\"></span>gy Holdings perd le contr\u00f4le d'une filiale<span class=\"_ _1\"></span>, les actifs et les passifs de la filiale sont d\u00e9consolid\u00e9s, ainsi que toute participa<span class=\"_ _1\"></span>tion ne donnant pas le contr\u00f4le et les autres c<span class=\"_ _1\"></span>omposantes des capitaux propr<span class=\"_ _1\"></span>es. T<span class=\"_ _0\"></span>out profit ou perte qui en r\u00e9sulte es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat net. T<span class=\"_ _0\"></span>out int\u00e9r\u00eat conserv\u00e9 dans l'ancienne filiale es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 \u00e0 sa juste valeur \u00e0 la dat<span class=\"_ _1\"></span>e de la perte du contr\u00f4le. (f) Entreprises associ\u00e9es Les entr<span class=\"_ _1\"></span>eprises associ\u00e9es sont des entit\u00e9s sur lesquelles Cenergy Holdings a une influenc<span class=\"_ _1\"></span>e notable en mati\u00e8re de gestion financi\u00e8r<span class=\"_ _1\"></span>e et op\u00e9rationnelle sans e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer de contr\u00f4le ni de contr\u00f4le c<span class=\"_ _1\"></span>onjoint. C'est g\u00e9n\u00e9ralement le cas lorsque Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient entre 20 % et 50 % des droits de v<span class=\"_ _1\"></span>ote. L<span class=\"_ _1\"></span>es participations dans des entreprises associ\u00e9es sont comptabilis\u00e9es selon la m\u00e9thode de mise en \u00e9quiv<span class=\"_ _1\"></span>alence (v<span class=\"_ _1\"></span>oir [h] ci-dessous), apr\u00e8s av<span class=\"_ _1\"></span>oir \u00e9t\u00e9 initialement comptabilis\u00e9es au co\u00fbt d'ac<span class=\"_ _1\"></span>quisition.<span class=\"_ _8\"></span> (g) Part<span class=\"_ _1\"></span>enariats<span class=\"_ _8\"></span> En vertu de la norme IFRS 11 P<span class=\"_ _1\"></span>artenariats, les participations dans des partenariats sont clas<span class=\"_ _1\"></span>s\u00e9es soit comme des entreprises c<span class=\"_ _1\"></span>ommunes, soit comme des coentr<span class=\"_ _1\"></span>eprises. La classification d\u00e9pend des droits et obligations contr<span class=\"_ _1\"></span>actuels de chaque inv<span class=\"_ _1\"></span>estisseur et non de la structure juridique du part<span class=\"_ _1\"></span>enariat.<span class=\"_ _8\"></span> Entreprise commune Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet son dr<span class=\"_ _1\"></span>oit direct aux actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges des entr<span class=\"_ _1\"></span>eprises communes et \u00e0 sa<span class=\"_ _8\"></span> part des actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges d\u00e9tenus ou engag\u00e9s conjoint<span class=\"_ _1\"></span>ement. Ces \u00e9l\u00e9ments ont \u00e9t\u00e9 repris dans les \u00e9tats financiers aux rubriques appropri\u00e9es. Coentreprise Une coentr<span class=\"_ _1\"></span>eprise est un accor<span class=\"_ _1\"></span>d selon lequel Cenergy Holdings a un c<span class=\"_ _1\"></span>ontr\u00f4le conjoint, en vertu duquel C<span class=\"_ _1\"></span>energy Holdings<span class=\"_ _8\"></span> d\u00e9tient des droits sur l\u2019<span class=\"_ _1\"></span>actif net faisant l\u2019<span class=\"_ _1\"></span>objet de l\u2019acc<span class=\"_ _1\"></span>ord, plut\u00f4t que des dr<span class=\"_ _1\"></span>oits sur l\u2019actif et des obligations sur le passif<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les participations dans des coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence (voir [h] ci-dessous), apr\u00e8s a<span class=\"_ _1\"></span>voir \u00e9t\u00e9 initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es au co\u00fbt d'acquisition dans le bilan consolid\u00e9. (h) M\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon la m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e, les inv<span class=\"_ _1\"></span>estissements sont initialement comptabilis\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt<span class=\"_ _8\"></span> d\u2019acquisition et ajus<span class=\"_ _1\"></span>t\u00e9s par la suite pour comptabiliser en r\u00e9sultat la quot<span class=\"_ _1\"></span>e-part de Cenergy Holdings dans les pr<span class=\"_ _1\"></span>ofits<span class=\"_ _8\"></span> ou les pertes post-ac<span class=\"_ _1\"></span>quisition de l'entit\u00e9 d\u00e9tenue. La m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e consid\u00e8re \u00e9galement la part de Cener<span class=\"_ _1\"></span>gy Holdings dans les variations des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global de l'entit\u00e9 d\u00e9tenue, jusqu'\u00e0 la date \u00e0 laquelle c<span class=\"_ _1\"></span>esse l'influence notable ou le contr\u00f4le c<span class=\"_ _1\"></span>onjoint.Les dividendes re\u00e7us ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir d'entreprises associ\u00e9es et de coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9s en d\u00e9duction de la v<span class=\"_ _1\"></span>aleur comptable de l'inv<span class=\"_ _1\"></span>estissement. Lorsque la quote-part des pert<span class=\"_ _1\"></span>es de Cenergy Holdings dans une entit\u00e9 mise en \u00e9quiv<span class=\"_ _1\"></span>alence est \u00e9gale ou sup\u00e9rieur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00e0 sa participation dans l'entit\u00e9, Cener<span class=\"_ _1\"></span>gy Holdings ne comptabilise pas de pertes suppl\u00e9mentair<span class=\"_ _1\"></span>es, \u00e0 moins qu'elle<span class=\"_ _8\"></span> n'ait contr<span class=\"_ _1\"></span>act\u00e9 des obligations ou effectu\u00e9 des paiements au nom de l'autre entit\u00e9. Les participations de Cener<span class=\"_ _1\"></span>gy Holdings dans des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e ne comprennent que des participations dans des entreprises as<span class=\"_ _1\"></span>soci\u00e9es.<span class=\"_ _8\"></span> (i) T<span class=\"_ _1\"></span>ransactions \u00e9limin\u00e9es lors de la c<span class=\"_ _1\"></span>onsolidation<span class=\"_ _8\"></span> Les soldes et les tr<span class=\"_ _1\"></span>ansactions intragroupe<span class=\"_ _1\"></span>, ainsi que tous produits et char<span class=\"_ _1\"></span>ges non r\u00e9alis\u00e9s r\u00e9sultant de transactions intragr<span class=\"_ _1\"></span>oupe, sont \u00e9limin\u00e9s. Les gains non r\u00e9alis\u00e9s r\u00e9sultant d'op\u00e9r<span class=\"_ _1\"></span>ations av<span class=\"_ _1\"></span>ec des entit\u00e9s mises en \u00e9quivalence sont \u00e9limin\u00e9s \u00e0 concurr<span class=\"_ _1\"></span>ence de la participation d\u00e9tenue par le Gr<span class=\"_ _1\"></span>oupe dans l'entit\u00e9. Les pertes non r\u00e9alis\u00e9es sont \u00e9limin\u00e9es de la m\u00eame mani\u00e8re que les gains non r\u00e9alis\u00e9s, mais uniquement dans la mesur<span class=\"_ _1\"></span>e o\u00f9 elles ne sont pas<span class=\"_ _8\"></span> repr\u00e9sentativ<span class=\"_ _1\"></span>es d\u2019une perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. 5.2 Monnaie \u00e9trang\u00e8r<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> (a) T<span class=\"_ _1\"></span>ransactions en monnaie \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re Les tr<span class=\"_ _1\"></span>ansactions en monnaie \u00e9trang\u00e8re sont c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>erties dans les monnaies fonctionnelles respectiv<span class=\"_ _1\"></span>es des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings aux cours de change en vigueur aux dates des tr<span class=\"_ _1\"></span>ansactions.<span class=\"_ _8\"></span> Les actifs et les passifs mon\u00e9tair<span class=\"_ _1\"></span>es libell\u00e9s en monnaies \u00e9trang\u00e8r<span class=\"_ _1\"></span>es sont conv<span class=\"_ _1\"></span>ertis dans la monnaie fonctionnelle au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. Les actifs et les pas<span class=\"_ _1\"></span>sifs non mon\u00e9taires qui sont \u00e9valu\u00e9s \u00e0 la juste v<span class=\"_ _1\"></span>aleur en monnaies \u00e9trang\u00e8r<span class=\"_ _1\"></span>es sont conv<span class=\"_ _1\"></span>ertis dans la monnaie fonctionnelle au cours de change en vigueur au moment o\u00f9 la juste v<span class=\"_ _1\"></span>aleur a \u00e9t\u00e9 d\u00e9termin\u00e9e. Les plus-<span class=\"_ _1\"></span>values et moins-v<span class=\"_ _1\"></span>alues de change sont class\u00e9es et comptabilis\u00e9es en pr<span class=\"_ _1\"></span>ofit ou perte dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9 en fonction de la natur<span class=\"_ _1\"></span>e de l\u2019\u00e9l\u00e9ment associ\u00e9<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s. Les \u00e9l\u00e9ments non mon\u00e9tair<span class=\"_ _1\"></span>es libell\u00e9s en monnaies \u00e9trang\u00e8res qui sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s en fonction du co\u00fbt his<span class=\"_ _1\"></span>torique sont<span class=\"_ _8\"></span> con<span class=\"_ _1\"></span>vertis au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de la transaction. Les \u00e9carts de change d\u00e9coulant de la c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ersion des couvertur<span class=\"_ _1\"></span>es de flux de tr\u00e9sorerie pour leur partie efficace et les inv<span class=\"_ _1\"></span>estissements dans des instruments de capitaux pr<span class=\"_ _1\"></span>opres comptabilis\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.<span class=\"_ _8\"></span> (b) A<span class=\"_ _1\"></span>ctivit\u00e9s \u00e0 l\u2019\u00e9tranger Les actifs et passifs li\u00e9s aux activit\u00e9s \u00e0 l'\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>, y compris le goodwill et les ajust<span class=\"_ _1\"></span>ements \u00e0 la juste v<span class=\"_ _1\"></span>aleur prov<span class=\"_ _1\"></span>enant d'acquisitions, sont con<span class=\"_ _1\"></span>vertis en eur<span class=\"_ _1\"></span>os au cours de change en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Les r<span class=\"_ _1\"></span>evenus et d\u00e9penses des activit\u00e9s \u00e0 l'\u00e9tranger sont c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ertis en euros au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de la transaction. Le taux moy<span class=\"_ _1\"></span>en pour la p\u00e9riode est jug\u00e9 comme \u00e9tant un taux appr<span class=\"_ _1\"></span>opri\u00e9. Les \u00e9carts de change sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et cumul\u00e9s en r\u00e9serve d'\u00e9cart de con<span class=\"_ _1\"></span>version, sauf si l'\u00e9cart de con<span class=\"_ _1\"></span>version est at<span class=\"_ _1\"></span>tribu\u00e9 aux participations ne donnant pas le contr\u00f4le. 5.3 Chiffre d\u2019<span class=\"_ _1\"></span>affaires Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet un chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es pro<span class=\"_ _1\"></span>venant des principales sour<span class=\"_ _1\"></span>ces suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>V<span class=\"_ _0\"></span>ente de produits; \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets \u00e9nergies; \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets de tubes d\u2019acier<span class=\"_ _0\"></span>, c'est-\u00e0-dire des tubes d\u2019acier personnalis\u00e9s, onshor<span class=\"_ _1\"></span>e et offshore, pr<span class=\"_ _1\"></span>oduits pour des applications sur base des cahiers des charges des clients. \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets de c\u00e2bles, c'est-\u00e0-dire c\u00e2bles des haut<span class=\"_ _1\"></span>e technologie, personnalis\u00e9s, souterr<span class=\"_ _1\"></span>ains et sous-marins et sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles \u00ab cl\u00e9s en main \u00bb pour la transmission et la dis<span class=\"_ _1\"></span>tribution d\u2019\u00e9lectricit\u00e9 et de donn\u00e9es.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>estation de services. Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client et il e<span class=\"_ _1\"></span>xclut les montants rec<span class=\"_ _1\"></span>ouvr\u00e9s pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les re<span class=\"_ _1\"></span>venus lorsqu'elle tr<span class=\"_ _1\"></span>ansf\u00e8re le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. La contr<span class=\"_ _1\"></span>epartie peut varier en r<span class=\"_ _1\"></span>aison des remises commer<span class=\"_ _1\"></span>ciales, de rabais de v<span class=\"_ _1\"></span>olume, de retours ou autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments similaires. La m\u00e9thode d'\u00e9v<span class=\"_ _1\"></span>aluation la plus appropri\u00e9e de la c<span class=\"_ _1\"></span>ontrepartie est \u00e9tablie en fonction de la na<span class=\"_ _1\"></span>ture de la contr<span class=\"_ _1\"></span>epartie variable. V<span class=\"_ _1\"></span>ente de produits Cener<span class=\"_ _1\"></span>gy Holdings vend des sections structur<span class=\"_ _1\"></span>elles creuses pour le secteur de la c<span class=\"_ _1\"></span>onstruction, des c\u00e2bles<span class=\"_ _8\"></span> d'alimentation, des c\u00e2bles de t\u00e9l\u00e9communication, des fils et des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> En ce qui conc<span class=\"_ _1\"></span>erne la vent<span class=\"_ _1\"></span>e de produits, le chiffre d\u2019<span class=\"_ _1\"></span>affaires es<span class=\"_ _1\"></span>t comptabilis\u00e9 au moment o\u00f9 le contr\u00f4le des biens vendus es<span class=\"_ _1\"></span>t transf\u00e9r\u00e9. Le moment du tr<span class=\"_ _1\"></span>ansfert du contr\u00f4le survient lorsque les marchandises ont \u00e9t\u00e9 e<span class=\"_ _1\"></span>xp\u00e9di\u00e9es chez le client, sauf indication contr<span class=\"_ _1\"></span>aire dans les termes du c<span class=\"_ _1\"></span>ontrat. Les clauses des c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients sont stipul\u00e9es selon les Incoterms. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es comptabilis\u00e9 \u00e0 un moment donn\u00e9 est factur\u00e9 en m\u00eame t<span class=\"_ _1\"></span>emps qu\u2019il est comptabilis\u00e9 ou dans un d\u00e9lai bref apr\u00e8s sa c<span class=\"_ _1\"></span>omptabilisation. La cr\u00e9ance est comptabilis\u00e9e lorsque le c<span class=\"_ _1\"></span>ontr\u00f4le est transf\u00e9r\u00e9 au client \u00e9tant donn\u00e9 que ce moment r<span class=\"_ _1\"></span>epr\u00e9sente celui auquel le dr<span class=\"_ _1\"></span>oit \u00e0 la contrepartie de<span class=\"_ _1\"></span>vient inconditionnel. Projets d'\u00e9nergie Le Gr<span class=\"_ _1\"></span>oupe produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s aux clients pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie. Dans le secteur des c\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent \u00e9galement des sys<span class=\"_ _1\"></span>t\u00e8mes de<span class=\"_ _8\"></span> c\u00e2bles \u00ab cl\u00e9s en main \u00bb, c\u2019es<span class=\"_ _1\"></span>t-\u00e0-dire qu\u2019<span class=\"_ _1\"></span>elles fournissent et installent des s<span class=\"_ _1\"></span>yst\u00e8mes de c\u00e2bles complets. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du cahier des charges du client. En m\u00eame temps, il e<span class=\"_ _1\"></span>xiste un dr<span class=\"_ _1\"></span>oit ex\u00e9cutoir<span class=\"_ _1\"></span>e \u00e0 un paiement au titre de la pr<span class=\"_ _1\"></span>estation effectu\u00e9e jusqu\u2019\u00e0 la date consid\u00e9r\u00e9e si le contr<span class=\"_ _1\"></span>at est r\u00e9sili\u00e9 par le client ou une autr<span class=\"_ _1\"></span>e partie pour des raisons autres que la non-e<span class=\"_ _1\"></span>x\u00e9cution de la pres<span class=\"_ _1\"></span>tation promise par Cener<span class=\"_ _1\"></span>gy Holdings. Le chiffre d\u2019<span class=\"_ _1\"></span>affaires de c<span class=\"_ _1\"></span>es projets est, par cons\u00e9quent, c<span class=\"_ _1\"></span>omptabilis\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement.<span class=\"_ _8\"></span> Concernant les obligations de pr<span class=\"_ _1\"></span>estation distinct<span class=\"_ _1\"></span>es identifi\u00e9es, il est appliqu\u00e9 la m\u00e9thode la plus appropri\u00e9e pour \u00e9valuer le degr\u00e9 d\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ancement. Les m\u00e9thodes utilis\u00e9es sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our les obligations de prestation li\u00e9es \u00e0 la pr<span class=\"_ _1\"></span>oduction de produits personnalis\u00e9s, selon le type de c<span class=\"_ _1\"></span>ontrat concern\u00e9, les m\u00e9thodes d\u2019\u00e9v<span class=\"_ _1\"></span>aluation du degr\u00e9 d\u2019a<span class=\"_ _1\"></span>vancement s\u2019<span class=\"_ _1\"></span>appuient sur :<span class=\"_ _8\"></span> i. <span class=\"_ _2c\"> </span>Le d\u00e9lai de production r\u00e9alis\u00e9, c'es<span class=\"_ _1\"></span>t-\u00e0-dire, le r<span class=\"_ _1\"></span>atio entre le temps pas<span class=\"_ _1\"></span>s\u00e9 \u00e0 la production et la dur\u00e9e totale progr<span class=\"_ _1\"></span>amm\u00e9e de la production. Cet<span class=\"_ _1\"></span>te m\u00e9thode est utilis\u00e9e pour les c\u00e2bles sous-marins produits en longues longueurs continues, lorsque le temps \u00e9c<span class=\"_ _1\"></span>oul\u00e9 est la m\u00e9thode la plus pertinente pour mesur<span class=\"_ _1\"></span>er l'avanc<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> de l'obligation de performanc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> ii. <span class=\"_ _72\"> </span>La quantit\u00e9 de tour<span class=\"_ _1\"></span>ets de c\u00e2ble ou de tubes d\u2019acier fabriqu\u00e9s et t<span class=\"_ _1\"></span>est\u00e9s par rapport \u00e0 la quantit\u00e9 totale \u00e0 produir<span class=\"_ _1\"></span>e conform\u00e9ment au c<span class=\"_ _1\"></span>ontrat. Cett<span class=\"_ _1\"></span>e m\u00e9thode est utilis\u00e9e pour les c\u00e2bles terres<span class=\"_ _1\"></span>tres et les tubes d\u2019acier personnalis\u00e9s, d\u00e8s lors que la production de c<span class=\"_ _1\"></span>es produits est r\u00e9alis\u00e9e par lots et, de c<span class=\"_ _1\"></span>e fait, les obligations de pres<span class=\"_ _1\"></span>tation concern\u00e9es sont r<span class=\"_ _1\"></span>espect\u00e9es lorsque certains lots des quantit\u00e9s conv<span class=\"_ _1\"></span>enues sont produits. \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our les phases d'installation des projets \u00ab cl\u00e9s en main \u00bb du secteur des c\u00e2bles, la m\u00e9thode de mesur<span class=\"_ _1\"></span>e du degr\u00e9 d\u2019a<span class=\"_ _1\"></span>vancement es<span class=\"_ _1\"></span>t bas\u00e9e sur l'\u00e9valuation des r\u00e9sultats obtenus ou des jalons at<span class=\"_ _1\"></span>teints, sur la base de jalons<span class=\"_ _8\"></span> techniques clair<span class=\"_ _1\"></span>ement d\u00e9finis, tels que le transport ou les m\u00e8tr<span class=\"_ _1\"></span>es de c\u00e2bles install\u00e9s. Lorsque les \u00e9tapes sont utilis\u00e9es comme m\u00e9thode pour mesur<span class=\"_ _1\"></span>er le degr\u00e9 d\u2019av<span class=\"_ _1\"></span>ancement, ces \u00e9tapes d\u00e9criv<span class=\"_ _1\"></span>ent fid\u00e8lement les presta<span class=\"_ _1\"></span>tions.<span class=\"_ _8\"></span> La Direction es<span class=\"_ _1\"></span>time que ces m\u00e9thodes \u00e9valuent de f<span class=\"_ _1\"></span>a\u00e7on appropri\u00e9e la mesure dans laquelle une obligation de pres<span class=\"_ _1\"></span>tation est remplie, selon l'IFRS 15. Le moment de la r<span class=\"_ _1\"></span>econnaissance du chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es, des factura<span class=\"_ _1\"></span>tions et des recouvr<span class=\"_ _1\"></span>ements d\u2019esp\u00e8c<span class=\"_ _1\"></span>es r\u00e9sulte en cr\u00e9ances sur compt<span class=\"_ _1\"></span>es factur\u00e9s, cr\u00e9ances non f<span class=\"_ _1\"></span>actur\u00e9es (actifs sur contrat) et ac<span class=\"_ _1\"></span>omptes vers\u00e9s par le client (pas<span class=\"_ _1\"></span>sifs<span class=\"_ _8\"></span> sur contr<span class=\"_ _1\"></span>at). Ces actifs et passifs sur contr<span class=\"_ _1\"></span>ats sont repris dans l\u2019\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 de la situation financi\u00e8re, aux lignes \u00ab Actifs sur c<span class=\"_ _1\"></span>ontrats \u00bb et \u00ab Passifs sur c<span class=\"_ _1\"></span>ontrats \u00bb. Pour les pr<span class=\"_ _1\"></span>oduits et services dont le chiffre d\u2019<span class=\"_ _1\"></span>affaires es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement, les montants sont factur\u00e9s au fur et \u00e0 mesure de l\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ancement des tra<span class=\"_ _1\"></span>vaux conform\u00e9ment aux clauses c<span class=\"_ _1\"></span>ontractuelles con<span class=\"_ _1\"></span>venues ou bien lorsque sont r\u00e9alis\u00e9es des \u00e9tapes c<span class=\"_ _1\"></span>ontractuelles importantes ou encor<span class=\"_ _1\"></span>e \u00e0 la livraison et r\u00e9c<span class=\"_ _1\"></span>eption finales des biens fabriqu\u00e9s. En g\u00e9n\u00e9ral, la f<span class=\"_ _1\"></span>acturation est r\u00e9alis\u00e9e au pr<span class=\"_ _1\"></span>orata de la r<span class=\"_ _1\"></span>econnaissance du chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es, pour les produits et services personnalis\u00e9s e<span class=\"_ _1\"></span>x\u00e9cut\u00e9s progr<span class=\"_ _1\"></span>essivement et r\u00e9sultants en actifs sur contr<span class=\"_ _1\"></span>ats. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, si les acomptes des clients sont re\u00e7us a<span class=\"_ _1\"></span>vant la comptabilisa<span class=\"_ _1\"></span>tion de la vente, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s comme des passifs sur contr<span class=\"_ _1\"></span>at. Il n\u2019<span class=\"_ _1\"></span>est pas consid\u00e9r\u00e9 que les contr<span class=\"_ _1\"></span>ats de projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie pass\u00e9s av<span class=\"_ _1\"></span>ec des clients ont une composante de financement importante<span class=\"_ _1\"></span>, car la p\u00e9riode entre la cons<span class=\"_ _1\"></span>tatation du chiffre d'affair<span class=\"_ _1\"></span>es et les paiements interm\u00e9diair<span class=\"_ _1\"></span>es est<span class=\"_ _8\"></span> inf\u00e9rieure \u00e0 un an. Prestation de s<span class=\"_ _1\"></span>ervices<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la vent<span class=\"_ _1\"></span>e de services au pror<span class=\"_ _1\"></span>ata de l\u2019\u00e9tat d'av<span class=\"_ _1\"></span>ancement de la pres<span class=\"_ _1\"></span>tation \u00e0 la date de cl\u00f4ture des \u00e9tats financiers. L'\u00e9ta<span class=\"_ _1\"></span>t d'avanc<span class=\"_ _1\"></span>ement est \u00e9valu\u00e9 sur base de sondages du tr<span class=\"_ _1\"></span>avail eff<span class=\"_ _1\"></span>ectu\u00e9.<span class=\"_ _8\"></span> Les services f<span class=\"_ _1\"></span>ournis par Cenergy Holdings sont principalement li\u00e9s aux pr<span class=\"_ _1\"></span>oduits vendus par ses filiales et compr<span class=\"_ _1\"></span>ennent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>e d'assistance t<span class=\"_ _1\"></span>echnique pour le traitement des m\u00e9taux; \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>onception et ing\u00e9nierie d'applications personnalis\u00e9es; \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>es de supervision;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>es d'installation ; \u2022 <span class=\"_ _20\"> </span>R\u00e9par<span class=\"_ _1\"></span>ations et remplac<span class=\"_ _1\"></span>ements.<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>ous les services ci-dessus, lorsqu\u2019ils sont li\u00e9s \u00e0 des pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques, sont d\u00e9clar\u00e9s dans le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es des<span class=\"_ _8\"></span> C\u00e2bles et des T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, selon leur segment. Si le paiement des services n'est pas d\u00fb par le client jusqu'\u00e0 c<span class=\"_ _1\"></span>e que les services soient complets, un actif sur contr<span class=\"_ _1\"></span>at est comptabilis\u00e9 sur la p\u00e9riode au c<span class=\"_ _1\"></span>ours de laquelle les services sont ex\u00e9cut\u00e9s, c<span class=\"_ _1\"></span>e qui repr\u00e9sente le dr<span class=\"_ _1\"></span>oit \u00e0 une<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>epartie pour les services rendus \u00e0 c<span class=\"_ _1\"></span>e jour<span class=\"_ _1\"></span>. Ces actifs contr<span class=\"_ _1\"></span>actuels sont pr\u00e9sent\u00e9s dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re \u00e0 la ligne \u00ab actifs sur c<span class=\"_ _1\"></span>ontrats \u00bb. Co\u00fbts des contr<span class=\"_ _1\"></span>ats<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019obt<span class=\"_ _1\"></span>ention de contrats a<span class=\"_ _1\"></span>vec des clients et les co\u00fbts enc<span class=\"_ _1\"></span>ourus<span class=\"_ _8\"></span> au titre de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution des contrats c<span class=\"_ _1\"></span>onclus av<span class=\"_ _1\"></span>ec les clients directement associ\u00e9s aux c<span class=\"_ _1\"></span>ontrats en tant qu\u2019<span class=\"_ _1\"></span>actif, s\u2019il est estim\u00e9 que ces c<span class=\"_ _1\"></span>o\u00fbts sont recouvr<span class=\"_ _1\"></span>ables et les enregistr<span class=\"_ _1\"></span>e dans la ligne \u00ab Co\u00fbts des contr<span class=\"_ _1\"></span>ats \u00bb de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re<span class=\"_ _1\"></span>. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d'obtention de contra<span class=\"_ _1\"></span>ts sont des co\u00fbts engag\u00e9s pour obtenir un contr<span class=\"_ _1\"></span>at av<span class=\"_ _1\"></span>ec un client qui n\u2019aur<span class=\"_ _1\"></span>aient pas \u00e9t\u00e9 engag\u00e9s si le contrat n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait pas \u00e9t\u00e9 obtenu.<span class=\"_ _8\"></span> Les co\u00fbts d'e<span class=\"_ _1\"></span>x\u00e9cution ne sont capitalis\u00e9s que s'ils g\u00e9n\u00e8rent ou am\u00e9lior<span class=\"_ _1\"></span>ent des ressour<span class=\"_ _1\"></span>ces qui seront utilis\u00e9es pour satisfair<span class=\"_ _1\"></span>e \u00e0 des obligations de presta<span class=\"_ _1\"></span>tion dans le futur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les actifs g\u00e9n\u00e9r\u00e9s par les co\u00fbts li\u00e9s aux c<span class=\"_ _1\"></span>ontrats sont amortis soit selon la m\u00e9thode de l\u2019<span class=\"_ _1\"></span>amortissement lin\u00e9aire sur une p\u00e9riode d\u00e9termin\u00e9e en fonction de la dur\u00e9e es<span class=\"_ _1\"></span>tim\u00e9e du contrat, soit en f<span class=\"_ _1\"></span>onction de la partie des rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution du contra<span class=\"_ _1\"></span>t correspondant. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019<span class=\"_ _1\"></span>obtention des contr<span class=\"_ _1\"></span>ats sont comptabilis\u00e9s en charges si la p\u00e9riode d'amortis<span class=\"_ _1\"></span>sement des<span class=\"_ _8\"></span> actifs est d'un an ou moins. 5.4 A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel<span class=\"_ _8\"></span> (a) A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme Les av<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en charge au fur et \u00e0 mesur<span class=\"_ _1\"></span>e que la prestation de service aff\u00e9r<span class=\"_ _1\"></span>ente est acc<span class=\"_ _1\"></span>omplie. Un passif est comptabilis\u00e9 pour les montants \u00e0 pa<span class=\"_ _1\"></span>yer si Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont soumises \u00e0 une obligation l\u00e9gale e<span class=\"_ _1\"></span>xistante ou implicite de pa<span class=\"_ _1\"></span>yer ce montant suit<span class=\"_ _1\"></span>e \u00e0 des services<span class=\"_ _8\"></span> fournis par l'emplo<span class=\"_ _1\"></span>y\u00e9 par le pass\u00e9 et que cett<span class=\"_ _1\"></span>e obligation peut \u00eatre \u00e9valu\u00e9e de f<span class=\"_ _1\"></span>a\u00e7on fiable. (b) R\u00e9gimes \u00e0 c<span class=\"_ _1\"></span>otisations d\u00e9finies<span class=\"_ _8\"></span> Un r\u00e9gime \u00e0 cotisations d\u00e9finies est un r\u00e9gime d'a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l'emploi en v<span class=\"_ _1\"></span>ertu duquel Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> verse des c<span class=\"_ _1\"></span>otisations d\u00e9finies \u00e0 une entit\u00e9 juridique tierc<span class=\"_ _1\"></span>e sans aucune autre obligation. Le co\u00fbt ac<span class=\"_ _1\"></span>cumul\u00e9 des<span class=\"_ _8\"></span> r\u00e9gimes \u00e0 cotisations d\u00e9finies est c<span class=\"_ _1\"></span>omptabilis\u00e9 en charge au cours de la p\u00e9riode o\u00f9 le servic<span class=\"_ _1\"></span>e connex<span class=\"_ _1\"></span>e est fourni. (c<span class=\"_ _1\"></span>) R\u00e9gimes \u00e0 prestations d\u00e9finies L'obligation nette de C<span class=\"_ _1\"></span>energy Holdings au titre de r\u00e9gimes \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e s\u00e9par\u00e9ment pour<span class=\"_ _8\"></span> chaque r\u00e9gime en estimant le montant des av<span class=\"_ _1\"></span>antages futurs acquis par le personnel au cours de la p\u00e9riode actuelle et des p\u00e9riodes ant\u00e9rieures. C<span class=\"_ _1\"></span>e montant est actualis\u00e9 et la juste v<span class=\"_ _1\"></span>aleur des actifs du r\u00e9gime est ensuite d\u00e9duite. L<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> taux d'actualisation est bas\u00e9 sur des obligations de soci\u00e9t\u00e9s de pr<span class=\"_ _1\"></span>emier rang libell\u00e9es dans la de<span class=\"_ _1\"></span>vise dans laquelle<span class=\"_ _8\"></span> les pres<span class=\"_ _1\"></span>tations seront v<span class=\"_ _1\"></span>ers\u00e9es.<span class=\"_ _8\"></span> Le calcul des obligations au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies es<span class=\"_ _1\"></span>t effectu\u00e9 annuellement par un actuaire qualifi\u00e9 selon la m\u00e9thode de cr\u00e9dit unitaire pr<span class=\"_ _1\"></span>ojet\u00e9e, tandis que les pres<span class=\"_ _1\"></span>tations sont attribu\u00e9es au cours des 16 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ant la retr<span class=\"_ _1\"></span>aite de chaque employ\u00e9. La r\u00e9\u00e9valuation de l'obliga<span class=\"_ _1\"></span>tion au titre des r\u00e9gimes \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies, qui se composent des gains et pertes actuariels, est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9termine les int\u00e9r\u00eats d\u00e9biteurs nets sur l'engagement net de la pr<span class=\"_ _1\"></span>estation d\u00e9finie pour la p\u00e9riode au mo<span class=\"_ _1\"></span>yen du taux d'actualisation utilis\u00e9 pour mesurer l'obliga<span class=\"_ _1\"></span>tion inh\u00e9rente \u00e0 la pr<span class=\"_ _1\"></span>estation d\u00e9finie au d\u00e9but de la p\u00e9riode annuelle jusqu'\u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie, en tenant compt<span class=\"_ _1\"></span>e de tout changement apport\u00e9 \u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie au cours de la p\u00e9riode r\u00e9sultant de cotisations et de v<span class=\"_ _1\"></span>ersements au titre des pr<span class=\"_ _1\"></span>estations. Les d\u00e9penses d'int\u00e9r\u00eat nettes et les autr<span class=\"_ _1\"></span>es d\u00e9penses li\u00e9es aux plans \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies sont comptabilis\u00e9es au compte de r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> Lorsque les pr<span class=\"_ _1\"></span>estations d'un r\u00e9gime sont modifi\u00e9es ou qu'un r\u00e9gime est r\u00e9duit, le changement qui en r\u00e9sulte r<span class=\"_ _1\"></span>elatif<span class=\"_ _8\"></span> aux pres<span class=\"_ _1\"></span>tations pour des services ant\u00e9rieurs ou le profit ou la pert<span class=\"_ _1\"></span>e r\u00e9sultant de cette r\u00e9duction est imm\u00e9diat<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> comptabilis\u00e9 au compt<span class=\"_ _1\"></span>e de r\u00e9sultat. Cenergy Holdings c<span class=\"_ _1\"></span>onstate les pr<span class=\"_ _1\"></span>ofits et pertes aff\u00e9rents au r\u00e8glement d'un r\u00e9gime \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies au moment de ce r\u00e8glement. (d) Indemnit\u00e9s de c<span class=\"_ _1\"></span>essation d'emploi Les indemnit\u00e9s de ces<span class=\"_ _1\"></span>sation d'emploi sont pass\u00e9es en charges au plus t\u00f4t lorsque Cener<span class=\"_ _1\"></span>gy Holdings ne peut plus retir<span class=\"_ _1\"></span>er l'offre de c<span class=\"_ _1\"></span>es prestations et lorsque Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les co\u00fbts d'une restructur<span class=\"_ _1\"></span>ation. S'il n'est pas pr\u00e9vu que les indemnit\u00e9s soient int\u00e9gralement r\u00e9gl\u00e9es dans les 12 mois apr\u00e8s la dat<span class=\"_ _1\"></span>e de cl\u00f4ture, elles sont actualis\u00e9es. 5.5 Subv<span class=\"_ _1\"></span>entions publiques Les sub<span class=\"_ _1\"></span>ventions publiques sont comptabilis\u00e9es \u00e0 leur jus<span class=\"_ _1\"></span>te valeur lorsque Cener<span class=\"_ _1\"></span>gy Holdings obtient l\u2019assur<span class=\"_ _1\"></span>ance raisonnable que la sub<span class=\"_ _1\"></span>vention ser<span class=\"_ _1\"></span>a effectiv<span class=\"_ _1\"></span>ement re\u00e7ue et que cett<span class=\"_ _1\"></span>e m\u00eame entit\u00e9 respecter<span class=\"_ _1\"></span>a toutes les modalit\u00e9s stipul\u00e9es. Les sub<span class=\"_ _1\"></span>ventions publiques aff\u00e9r<span class=\"_ _1\"></span>entes \u00e0 des d\u00e9penses sont diff\u00e9r\u00e9es et comptabilis\u00e9es par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat de la p\u00e9riode afin qu'elles corr<span class=\"_ _1\"></span>espondent aux d\u00e9penses qu'elles sont cens\u00e9es couvrir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les sub<span class=\"_ _1\"></span>ventions publiques r<span class=\"_ _1\"></span>elatives \u00e0 l'acquisition d'immobilisations c<span class=\"_ _1\"></span>orporelles sont comptabilis\u00e9es en pas<span class=\"_ _1\"></span>sifs<span class=\"_ _8\"></span> non cour<span class=\"_ _1\"></span>ants en tant que subv<span class=\"_ _1\"></span>entions publiques diff\u00e9r\u00e9es. Elles sont port\u00e9es au compte de r\u00e9sultat consolid\u00e9 (ligne \u00ab Autr<span class=\"_ _1\"></span>es produits \u00bb) selon la m\u00e9thode lin\u00e9aire sur la dur\u00e9e de vie a<span class=\"_ _1\"></span>ttendue des actifs concern\u00e9s. 5.6 Produits financiers et charges financi\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits financiers et charges financi\u00e8res de C<span class=\"_ _1\"></span>energy Holdings compr<span class=\"_ _1\"></span>ennent essentiellement : \u2022 <span class=\"_ _20\"> </span>les pr<span class=\"_ _1\"></span>oduits d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les dividendes per\u00e7us ; \u2022 <span class=\"_ _20\"> </span>les gains et pert<span class=\"_ _1\"></span>es de change sur emprunts et d\u00e9p\u00f4ts.<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus de dividendes sont comptabilis\u00e9s en r\u00e9sultat \u00e0 la date \u00e0 laquelle le dr<span class=\"_ _1\"></span>oit de rece<span class=\"_ _1\"></span>voir le paiement est ac<span class=\"_ _1\"></span>quis.<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> 5.7 Imp\u00f4t sur le r\u00e9sultat L'imp\u00f4t sur le r\u00e9sultat compr<span class=\"_ _1\"></span>end l'imp\u00f4t courant et l'imp\u00f4t diff\u00e9r\u00e9. Il es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat sauf dans la mesure o\u00f9 il c<span class=\"_ _1\"></span>oncerne un regr<span class=\"_ _1\"></span>oupement d'entreprises, ou des \u00e9l\u00e9ments comptabilis\u00e9s dir<span class=\"_ _1\"></span>ectement en capitaux propr<span class=\"_ _1\"></span>es ou dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. A. Imp\u00f4t cour<span class=\"_ _1\"></span>antL'imp\u00f4t cour<span class=\"_ _1\"></span>ant comprend l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir sur le r\u00e9sultat imposable de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice et t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> ajustements de l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir relatifs aux e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cices pr\u00e9c\u00e9dents. Il est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9 en application des<span class=\"_ _8\"></span> taux d'imposition en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats financiers. L'imp\u00f4t cour<span class=\"_ _1\"></span>ant inclut \u00e9galement tout imp\u00f4t<span class=\"_ _8\"></span> sur les dividendes. <span class=\"_ _52\"> </span> Les actifs et passifs d'imp\u00f4t c<span class=\"_ _1\"></span>ourant ne sont compens\u00e9s que si c<span class=\"_ _1\"></span>ertains crit\u00e8res sont remplis. B. Imp\u00f4t diff\u00e9r\u00e9 L'imp\u00f4t diff\u00e9r\u00e9 est r<span class=\"_ _1\"></span>econnu pour les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles entr<span class=\"_ _1\"></span>e les valeurs comptables des actifs et pas<span class=\"_ _1\"></span>sifs pour<span class=\"_ _8\"></span> les besoins de l'information financi\u00e8r<span class=\"_ _1\"></span>e et les valeurs calcul\u00e9es sur une base fiscale. L'imp\u00f4t diff\u00e9r\u00e9 n'est pas comptabilis\u00e9 pour : \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles sur la comptabilisation initiale des actifs et des passifs pour une tr<span class=\"_ _1\"></span>ansaction autre qu\u2019un regr<span class=\"_ _1\"></span>oupement d'entreprises et qui n\u2019<span class=\"_ _1\"></span>a pas d\u2019eff<span class=\"_ _1\"></span>et sur le r\u00e9sultat comptable ou fiscal ; \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles li\u00e9es \u00e0 des participations dans des filiales, des entreprises as<span class=\"_ _1\"></span>soci\u00e9es et des<span class=\"_ _8\"></span> coentr<span class=\"_ _1\"></span>eprises dans la mesure o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings est capable de contr\u00f4ler le moment de la r<span class=\"_ _1\"></span>eprise des<span class=\"_ _8\"></span> diff\u00e9renc<span class=\"_ _1\"></span>es temporelles et s\u2019il es<span class=\"_ _1\"></span>t probable qu\u2019<span class=\"_ _1\"></span>elles ne soient pas reprises dans un a<span class=\"_ _1\"></span>venir pr\u00e9visible ; et \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles imposables pro<span class=\"_ _1\"></span>venant de la c<span class=\"_ _1\"></span>omptabilisation initiale du goodwill.<span class=\"_ _8\"></span> Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont comptabilis\u00e9s pour les pert<span class=\"_ _1\"></span>es fiscales non utilis\u00e9es, les cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s<span class=\"_ _8\"></span> et les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles d\u00e9ductibles dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il est probable que des b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs<span class=\"_ _8\"></span> seront disponibles pour les utiliser<span class=\"_ _0\"></span>. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats<span class=\"_ _8\"></span> financiers et sont r\u00e9duits dans la mesure o\u00f9 il n\u2019<span class=\"_ _1\"></span>est plus pr<span class=\"_ _1\"></span>obable que l\u2019av<span class=\"_ _1\"></span>antage fiscal puisse se r\u00e9aliser ; ces r\u00e9ductions sont contr<span class=\"_ _1\"></span>e-pass\u00e9es si la probabilit\u00e9 de b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs s'accro\u00eet. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s non comptabilis\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque dat<span class=\"_ _1\"></span>e de cl\u00f4ture et comptabilis\u00e9s dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il devient pr<span class=\"_ _1\"></span>obable que des b\u00e9n\u00e9fices imposables futurs ser<span class=\"_ _1\"></span>ont disponibles pour les utiliser<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les montants d'imp\u00f4ts diff\u00e9r\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s aux taux d'imp\u00f4t attendus dans la p\u00e9riode o\u00f9 l'actif d'imp\u00f4t sera rec<span class=\"_ _1\"></span>ouvr\u00e9 en tenant compte des taux d'imposition en vigueur \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture. L'\u00e9valuation des imp\u00f4ts diff\u00e9r\u00e9s r<span class=\"_ _1\"></span>efl\u00e8te les cons\u00e9quenc<span class=\"_ _1\"></span>es fiscales qui d\u00e9couleraient de la f<span class=\"_ _1\"></span>a\u00e7on par laquelle Cenergy Holdings pr\u00e9voit, \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture, de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er ou de payer la v<span class=\"_ _1\"></span>aleur comptable de ses actifs et passifs. Les actifs et les passifs d'imp\u00f4ts diff\u00e9r\u00e9s ne sont c<span class=\"_ _1\"></span>ompens\u00e9s que s'il existe un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de compenser les actifs et passifs d'imp\u00f4ts e<span class=\"_ _1\"></span>xigibles et que les imp\u00f4ts diff\u00e9r\u00e9s concernent la m\u00eame aut<span class=\"_ _1\"></span>orit\u00e9 fiscale.<span class=\"_ _8\"></span> 5.8 Stocks Les st<span class=\"_ _1\"></span>ocks sont \u00e9valu\u00e9s au plus faible du c<span class=\"_ _1\"></span>o\u00fbt et de la valeur nette de r\u00e9alisation. L<span class=\"_ _1\"></span>e co\u00fbt est d\u00e9termin\u00e9 en appliquant la m\u00e9thode du co\u00fbt mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 et se c<span class=\"_ _1\"></span>ompose du co\u00fbt de production et de con<span class=\"_ _1\"></span>version, ainsi que de toutes les char<span class=\"_ _1\"></span>ges direct<span class=\"_ _1\"></span>es n\u00e9cessaires pour met<span class=\"_ _1\"></span>tre les stocks dans leur \u00e9ta<span class=\"_ _1\"></span>t actuel. La valeur nette de r\u00e9alisation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> estim\u00e9e sur la base du prix de v<span class=\"_ _1\"></span>ente actuel des stocks dans le c<span class=\"_ _1\"></span>ours normal de l'activit\u00e9, d\u00e9duction faite des fr<span class=\"_ _1\"></span>ais de<span class=\"_ _8\"></span> vent<span class=\"_ _1\"></span>e, si un tel cas de figur<span class=\"_ _1\"></span>e se produit. Les d\u00e9pr\u00e9ciations de st<span class=\"_ _1\"></span>ocks refl\u00e9tant la v<span class=\"_ _1\"></span>aleur nette de r\u00e9alisation, ainsi que toutes r<span class=\"_ _1\"></span>eprises, sont comptabilis\u00e9es en \u00ab co\u00fbt des v<span class=\"_ _1\"></span>entes \u00bb dans la p\u00e9riode au cours de laquelle elles surviennent. 5.9 Immobilisations corpor<span class=\"_ _1\"></span>elles<span class=\"_ _8\"></span> A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Les immobilisations corpor<span class=\"_ _1\"></span>elles sont \u00e9valu\u00e9es \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt d'acquisition, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> et amortissements cumul\u00e9s.Le c<span class=\"_ _1\"></span>o\u00fbt d'acquisition comprend l'ensemble des d\u00e9penses dir<span class=\"_ _1\"></span>ectement associ\u00e9es \u00e0 l'acquisition ou \u00e0 la cons<span class=\"_ _1\"></span>truction de l'actif. L<span class=\"_ _1\"></span>es co\u00fbts de construction des actifs immobilis\u00e9s compr<span class=\"_ _1\"></span>ennent le co\u00fbt de la main-d'\u0153uvre dir<span class=\"_ _1\"></span>ecte, des mat\u00e9riaux et t<span class=\"_ _1\"></span>out autre co\u00fbt li\u00e9s \u00e0 leur mise en servic<span class=\"_ _1\"></span>e ainsi que les co\u00fbts d'emprunt.<span class=\"_ _8\"></span> Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont capitalis\u00e9es que s'il est probable que Cener<span class=\"_ _1\"></span>gy Holdings b\u00e9n\u00e9ficiera d\u2019<span class=\"_ _1\"></span>avantages \u00e9conomiques futurs. Les c<span class=\"_ _1\"></span>o\u00fbts de r\u00e9paration et d'entr<span class=\"_ _1\"></span>etien sont comptabilis\u00e9s au compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. En cas de cession d'une immobilisation c<span class=\"_ _1\"></span>orporelle, t<span class=\"_ _1\"></span>oute diff\u00e9renc<span class=\"_ _1\"></span>e entre le prix re\u00e7u et la v<span class=\"_ _1\"></span>aleur comptable de l'actifest comptabilis\u00e9e en r\u00e9sultat \u00e0 la rubrique \u00ab A<span class=\"_ _1\"></span>utres pr<span class=\"_ _1\"></span>oduits (charges<span class=\"_ _1\"></span>) \u00bb.<span class=\"_ _8\"></span> Les co\u00fbts d'emprunt li\u00e9s \u00e0 la c<span class=\"_ _1\"></span>onstruction d'actifs immobilis\u00e9s sont port\u00e9s \u00e0 l'actif jusqu'\u00e0 l'ach\u00e8vement de la construction. B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e \u00e0 r\u00e9partir le co\u00fbt des immobilisations corpor<span class=\"_ _1\"></span>elles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles es<span class=\"_ _1\"></span>tim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement<span class=\"_ _8\"></span> comptabilis\u00e9 en r\u00e9sultat. Les t<span class=\"_ _1\"></span>errains ne sont pas amortis.  B\u00e2timents administra<span class=\"_ _1\"></span>tifs <span class=\"_ _73\"> </span>20 \u00e0 50 ans  Usines <span class=\"_ _74\"> </span>33 \u00e0 50 ans  Machines lourdes <span class=\"_ _75\"> </span>12 \u00e0 40 ans  Machines l\u00e9g\u00e8res <span class=\"_ _76\"> </span>8 \u00e0 18 ans  Mobilier <span class=\"_ _74\"> </span>4 \u00e0 10 ans  Autres \u00e9quipements <span class=\"_ _77\"> </span>4 \u00e0 12 ans  Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _78\"> </span>4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9ces<span class=\"_ _1\"></span>saire. C. Reclassification en bien immobilier de plac<span class=\"_ _1\"></span>ements<span class=\"_ _8\"></span> Lorsque la destination d'un bien immobilier n'es<span class=\"_ _1\"></span>t plus l'occupation par son propri\u00e9tair<span class=\"_ _1\"></span>e, mais l'inv<span class=\"_ _1\"></span>estissement immobilier<span class=\"_ _1\"></span>, le bien est r<span class=\"_ _1\"></span>eclass\u00e9 en cons\u00e9quenc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le bien est r<span class=\"_ _1\"></span>eclass\u00e9 \u00e0 sa valeur c<span class=\"_ _1\"></span>omptable nette \u00e0 la date de r<span class=\"_ _1\"></span>eclassification, qui deviendr<span class=\"_ _1\"></span>a son co\u00fbt d'acquisition r\u00e9put\u00e9 pour son trait<span class=\"_ _1\"></span>ement comptable ult\u00e9rieur<span class=\"_ _1\"></span>. D<span class=\"_ _1\"></span>. Reclassification en actifs disponibles \u00e0 la v<span class=\"_ _1\"></span>ente Les actifs non cour<span class=\"_ _1\"></span>ants et les groupes d\u2019<span class=\"_ _1\"></span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s sont r<span class=\"_ _1\"></span>eclass\u00e9s comme d\u00e9tenus pour la v<span class=\"_ _1\"></span>ente si leur valeur c<span class=\"_ _1\"></span>omptable est rec<span class=\"_ _1\"></span>ouvr\u00e9e principalement par une vente plut\u00f4t que par une utilisation c<span class=\"_ _1\"></span>ontinue.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>10 Immobilisations incorporelles A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Recherche et d\u00e9veloppemen<span class=\"_ _1\"></span>t<span class=\"ff19\"> : les d\u00e9penses relativ<span class=\"_ _1\"></span>es aux activit\u00e9s de recherche sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat<span class=\"_ _8\"></span> </span>lorsqu\u2018elles sont engag\u00e9es. Les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement ne sont inscrits \u00e0 l\u2019<span class=\"_ _1\"></span>actif que si la d\u00e9pense peut \u00eatre \u00e9valu\u00e9e de mani\u00e8r<span class=\"_ _1\"></span>e fiable, le produit ou le pr<span class=\"_ _1\"></span>ocessus est t<span class=\"_ _1\"></span>echniquement et commercialement viable<span class=\"_ _1\"></span>, les b\u00e9n\u00e9fices \u00e9conomiques futurs sont pr<span class=\"_ _1\"></span>obables et que Cenergy Holdings a l'int<span class=\"_ _1\"></span>ention et dispose de ressour<span class=\"_ _1\"></span>ces suffisantes pour achev<span class=\"_ _1\"></span>er le d\u00e9veloppement, et utiliser ou v<span class=\"_ _1\"></span>endre l'actif<span class=\"_ _1\"></span>. Dans le cas contr<span class=\"_ _1\"></span>aire, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. Apr\u00e8s leur comptabilisation initiale, les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt d'acquisition diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>ogiciels <span class=\"ff19 ws1\">: les lic<span class=\"_ _1\"></span>ences logicielles sont comptabilis\u00e9es \u00e0 leur co\u00fbt d'acquisition diminu\u00e9 des amortis<span class=\"_ _1\"></span>sements cumul\u00e9s.<span class=\"_ _8\"></span> </span>Ces actifs sont amortis selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e qui varie entr<span class=\"_ _1\"></span>e 3 et 10 ans. Les frais li\u00e9s \u00e0 leur entretien sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice au cours duquel ils sont engag\u00e9s. Autres immobilisations inc<span class=\"_ _1\"></span>orporelles <span class=\"ff19\">: les autres immobilisations incorpor<span class=\"_ _1\"></span>elles, y compris les r<span class=\"_ _1\"></span>elations av<span class=\"_ _1\"></span>ec les clients,<span class=\"_ _8\"></span> </span>le \u00ab sav<span class=\"_ _1\"></span>oir-fair<span class=\"_ _1\"></span>e \u00bb, les brev<span class=\"_ _1\"></span>ets et les marques de c<span class=\"_ _1\"></span>ommerce, qui sont ac<span class=\"_ _1\"></span>quis par Cenergy Holdings et qui ont une dur\u00e9e de vie utile limit\u00e9e, sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur co\u00fbt diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de valeur<span class=\"_ _0\"></span>. Ces actifs sont amortis selon la m\u00e9thode de l'amortissement lin\u00e9aire sur leur dur\u00e9e de vie utile es<span class=\"_ _1\"></span>timative. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> autres immobilisations inc<span class=\"_ _1\"></span>orporelles, qui ont une dur\u00e9e de vie ind\u00e9termin\u00e9e<span class=\"_ _1\"></span>, sont \u00e9valu\u00e9es \u00e0 leur co\u00fbt, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur cumul\u00e9es. B. D\u00e9penses ult\u00e9rieures Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont port\u00e9es \u00e0 l'actif que lorsqu\u2019elles augment<span class=\"_ _1\"></span>ent les avantages \u00e9c<span class=\"_ _1\"></span>onomiques futurs de<span class=\"_ _8\"></span> l'actif auquel elles se rapport<span class=\"_ _1\"></span>ent. T<span class=\"_ _0\"></span>outes les autres d\u00e9penses, y c<span class=\"_ _1\"></span>ompris celles li\u00e9es \u00e0 un goodwill ou des marques g\u00e9n\u00e9r\u00e9es en interne, sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat lorsqu'elles sont engag\u00e9es.<span class=\"_ _8\"></span> C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. 5.<span class=\"_ _1\"></span>11 Biens immobiliers de placements Les biens immobiliers de placements, y c<span class=\"_ _1\"></span>ompris les terrains, sont d\u00e9t<span class=\"_ _1\"></span>enus par Cenergy Holdings pour la per<span class=\"_ _1\"></span>ception de loy<span class=\"_ _1\"></span>ers ou la r\u00e9alisation de plus-v<span class=\"_ _1\"></span>alues et ne sont pas utilis\u00e9s par le propri\u00e9tair<span class=\"_ _1\"></span>e. Les biens immobiliers de placements sont comptabilis\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt historique, d\u00e9duction f<span class=\"_ _1\"></span>aite de l'amortissement. Lorsque les v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables des biens immobiliers de placements e<span class=\"_ _1\"></span>xc\u00e8dent leur v<span class=\"_ _1\"></span>aleur rec<span class=\"_ _1\"></span>ouvrable, la diff\u00e9r<span class=\"_ _1\"></span>ence (d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion)<span class=\"_ _8\"></span> est dir<span class=\"_ _1\"></span>ectement comptabilis\u00e9e en r\u00e9sultat comme une char<span class=\"_ _1\"></span>ge. Les r<span class=\"_ _1\"></span>eprises de perte de valeur d\u00e9j\u00e0 c<span class=\"_ _1\"></span>onstat\u00e9es sont<span class=\"_ _8\"></span> \u00e9galement comptabilis\u00e9es en r\u00e9sultat c<span class=\"_ _1\"></span>omme un produit. Les terr<span class=\"_ _1\"></span>ains ne sont pas amortis. Les immeubles sont amortis selon la m\u00e9thode lin\u00e9aire<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>12 T<span class=\"_ _1\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie<span class=\"_ _8\"></span> Aux fins de la pr\u00e9sentation dans l'\u00e9tat des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie, la tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie compr<span class=\"_ _1\"></span>ennent les liquidit\u00e9s et les d\u00e9p\u00f4ts bancaires \u00e0 vue. 5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> B. Actifs non financiers \u00c0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e, Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s examinent les v<span class=\"_ _1\"></span>aleurs comptables de leurs actifs non financiers (autres que les s<span class=\"_ _1\"></span>tocks et les passifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s), afin de d\u00e9t<span class=\"_ _1\"></span>erminer toute indication de d\u00e9pr\u00e9ciation. Dans l\u2019\u00e9ventualit\u00e9 de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xistence d\u2019une t<span class=\"_ _1\"></span>elle indication, le montant recouvr<span class=\"_ _1\"></span>able de l\u2019actif ser<span class=\"_ _1\"></span>a estim\u00e9. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.Pour les autr<span class=\"_ _1\"></span>es actifs, la valeur c<span class=\"_ _1\"></span>omptable augment\u00e9e en raison de la r<span class=\"_ _1\"></span>eprise d\u2019une r\u00e9duction de valeur ne doit pas \u00eatre sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable qui aurait \u00e9t\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, nette des amortissements, si aucune r\u00e9duction de valeur n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait \u00e9t\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9e. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings incluent aussi, dans leur re<span class=\"_ _1\"></span>vue des montants recouvr<span class=\"_ _1\"></span>ables, des hypoth\u00e8ses li\u00e9es aux cons\u00e9quences du changement clima<span class=\"_ _1\"></span>tique.5.<span class=\"_ _1\"></span>14 Locations Au d\u00e9but d'un contr<span class=\"_ _1\"></span>at, le Groupe \u00e9v<span class=\"_ _1\"></span>alue si un contra<span class=\"_ _1\"></span>t est ou contient un contr<span class=\"_ _1\"></span>at de location. Un contr<span class=\"_ _1\"></span>at est ou<span class=\"_ _8\"></span> contient un contr<span class=\"_ _1\"></span>at de location s'il conf\u00e8r<span class=\"_ _1\"></span>e le droit de contr\u00f4ler l'utilisa<span class=\"_ _1\"></span>tion d'un bien d\u00e9termin\u00e9 pour un certain temps mo<span class=\"_ _1\"></span>yennant une c<span class=\"_ _1\"></span>ontrepartie. Pour d\u00e9terminer si un c<span class=\"_ _1\"></span>ontrat c<span class=\"_ _1\"></span>onf\u00e8re le droit de c<span class=\"_ _1\"></span>ontr\u00f4ler l'utilisation d'un actif<span class=\"_ _8\"></span> identifi\u00e9, le Groupe utilise la d\u00e9finition du c<span class=\"_ _1\"></span>ontrat de location de la norme IFRS 16. Comptabilisation des contr<span class=\"_ _1\"></span>ats de location en tant que preneur Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent divers bur<span class=\"_ _1\"></span>eaux, entrep\u00f4ts, machines et v\u00e9hicules. Les c<span class=\"_ _1\"></span>ontrats de location sont g\u00e9n\u00e9ralement \u00e9tablis pour des p\u00e9riodes fix<span class=\"_ _1\"></span>es de 1 \u00e0 5 ans. Les termes des c<span class=\"_ _1\"></span>ontrats de location sont n\u00e9goci\u00e9s au cas par cas et contiennent un lar<span class=\"_ _1\"></span>ge \u00e9ventail de termes et c<span class=\"_ _1\"></span>onditions diff\u00e9rents. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise un droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 et une obligation locative<span class=\"_ _1\"></span>, \u00e0 la date du d\u00e9but de la location. Le dr<span class=\"_ _1\"></span>oit d'utilisation de l\u2019actif est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt, qui compr<span class=\"_ _1\"></span>end le montant initial de<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>obligation de location ajust\u00e9 pour tout paiement de lo<span class=\"_ _1\"></span>yer eff<span class=\"_ _1\"></span>ectu\u00e9 \u00e0 la date d'entr\u00e9e en vigueur ou av<span class=\"_ _1\"></span>ant, plus tous les co\u00fbts dir<span class=\"_ _1\"></span>ects initiaux encourus et une estimation des co\u00fbts de d\u00e9mant\u00e8lement et de r<span class=\"_ _1\"></span>etrait de l'actif sous-jac<span class=\"_ _1\"></span>ent<span class=\"_ _8\"></span> ou de res<span class=\"_ _1\"></span>tauration de l'actif sous-jacent ou du sit<span class=\"_ _1\"></span>e sur lequel il se trouv<span class=\"_ _1\"></span>e, d\u00e9duction faire des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location re\u00e7us. Par la suite<span class=\"_ _1\"></span>, ils sont \u00e9valu\u00e9s au co\u00fbt d\u00e9duction f<span class=\"_ _1\"></span>aite des amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>, et ajust\u00e9s en vue de la r\u00e9\u00e9valuation de l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e. Le dr<span class=\"_ _1\"></span>oit d\u2019utilisation de l\u2019actif lou\u00e9 est amorti selon la m\u00e9thode lin\u00e9aire depuis la dat<span class=\"_ _1\"></span>e du d\u00e9but de la location jusqu\u2019\u00e0 la fin de celle-ci, \u00e0 moins que la location ne tr<span class=\"_ _1\"></span>ansf\u00e8re au Groupe la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l\u2019actif sous-jacent \u00e0 la fin de la loca<span class=\"_ _1\"></span>tion ou que le co\u00fbt du droit d\u2019utilisation sur l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 ne<span class=\"_ _8\"></span> refl\u00e8t<span class=\"_ _1\"></span>e le fait que le Groupe e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cera une option d\u2019<span class=\"_ _1\"></span>achat. Dans ce cas, le dr<span class=\"_ _1\"></span>oit d\u2019utilisation sur l\u2019actif lou\u00e9 sera amorti au fil de la dur\u00e9e d\u2019utilit\u00e9 de l\u2019actif sous-jac<span class=\"_ _1\"></span>ent qui est d\u00e9termin\u00e9e de la m\u00eame fa\u00e7on que c<span class=\"_ _1\"></span>elle des propri\u00e9t\u00e9s et des \u00e9quipements. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actualis\u00e9e des paiements de lo<span class=\"_ _1\"></span>yers suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les paiements fix<span class=\"_ _1\"></span>es (y compris les paiements fix<span class=\"_ _1\"></span>es en substance<span class=\"_ _1\"></span>), d\u00e9duction faite des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>paiements de lo<span class=\"_ _1\"></span>yers v<span class=\"_ _1\"></span>ariables qui sont fonction d\u2019un indice ou d\u2019un taux ; \u2022 <span class=\"_ _20\"> </span>sommes que le pr<span class=\"_ _1\"></span>eneur s'attend \u00e0 de<span class=\"_ _1\"></span>voir pa<span class=\"_ _1\"></span>yer au titr<span class=\"_ _1\"></span>e de garanties de valeur r\u00e9siduelle ; \u2022 <span class=\"_ _20\"> </span>prix d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice de l\u2019<span class=\"_ _1\"></span>option d\u2019achat que le pr<span class=\"_ _1\"></span>eneur a la certitude raisonnable d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer<span class=\"_ _1\"></span>, et \u2022 <span class=\"_ _20\"> </span>p\u00e9nalit\u00e9s e<span class=\"_ _1\"></span>xig\u00e9es en cas de r\u00e9siliation du contr<span class=\"_ _1\"></span>at de location, si la dur\u00e9e du contr<span class=\"_ _1\"></span>at de location refl\u00e8te l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice par le preneur de c<span class=\"_ _1\"></span>ette option. Ces paiements sont actualis\u00e9s en utilisant le taux d'int\u00e9r\u00eat implicite dans le c<span class=\"_ _1\"></span>ontrat de location ou, si c<span class=\"_ _1\"></span>e taux ne peut<span class=\"_ _8\"></span> pas \u00eatre f<span class=\"_ _1\"></span>acilement d\u00e9termin\u00e9, le taux d'emprunt marginal de la c<span class=\"_ _1\"></span>omposante conclue dans le contr<span class=\"_ _1\"></span>at de location. En g\u00e9n\u00e9ral, C<span class=\"_ _1\"></span>energy Holdings utilise son taux d'emprunt marginal c<span class=\"_ _1\"></span>omme taux d'actualisation.<span class=\"_ _8\"></span> Il s\u2019agit du taux que le pr<span class=\"_ _1\"></span>eneur<span class=\"_ _1\"></span>, c'est-\u00e0-dir<span class=\"_ _1\"></span>e, chacune des filiales de Cenergy Holdings, aur<span class=\"_ _1\"></span>ait \u00e0 verser \u00e0 la dat<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> d\u00e9but de la location pour un emprunt de dur\u00e9e similaire et a<span class=\"_ _1\"></span>vec une gar<span class=\"_ _1\"></span>antie similaire, pour obt<span class=\"_ _1\"></span>enir un actif de<span class=\"_ _8\"></span> valeur similair<span class=\"_ _1\"></span>e au droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif, dans un en<span class=\"_ _1\"></span>vironnement \u00e9c<span class=\"_ _1\"></span>onomique similaire. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est ult\u00e9rieur<span class=\"_ _1\"></span>ement augment\u00e9e par les charges d\u2019int\u00e9r\u00eats sur l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e et r\u00e9duite en fonction des paiements de lo<span class=\"_ _1\"></span>yers effectu\u00e9s. Elle es<span class=\"_ _1\"></span>t r\u00e9\u00e9valu\u00e9e s\u2019il survient un changement qui n\u2019<span class=\"_ _1\"></span>est pas comptabilis\u00e9 comme contr<span class=\"_ _1\"></span>at de location s\u00e9par\u00e9, lorsqu\u2019il y a un changement dans les paiements de lo<span class=\"_ _1\"></span>yers futurs en r<span class=\"_ _1\"></span>aison d\u2019une<span class=\"_ _8\"></span> variation de l\u2019indic<span class=\"_ _1\"></span>e ou de taux, un changement dans le montant estim\u00e9 dev<span class=\"_ _1\"></span>ant \u00eatre pa<span class=\"_ _1\"></span>y\u00e9 au titre d\u2019une garantie de valeur r\u00e9siduelle<span class=\"_ _1\"></span>, et de changements dans l\u2019es<span class=\"_ _1\"></span>timation de savoir si une option d\u2019<span class=\"_ _1\"></span>achat ou de prolongation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> raisonnablement c<span class=\"_ _1\"></span>ertaine d\u2019\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9e ou si une option de r\u00e9siliation est raisonnablement certaine de ne pas \u00eatr<span class=\"_ _1\"></span>e ex<span class=\"_ _1\"></span>erc\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas s\u00e9parer les composant<span class=\"_ _1\"></span>es non locatives des composant<span class=\"_ _1\"></span>es locatives. Les obligations locativ<span class=\"_ _1\"></span>es et les actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation sont pr\u00e9sent\u00e9s s\u00e9par\u00e9ment dans l\u2019\u00e9tat de la situation financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de pr\u00e9senter les int\u00e9r\u00eats vers\u00e9s au titr<span class=\"_ _1\"></span>e des obligations locatives dans l'\u00e9ta<span class=\"_ _1\"></span>t consolid\u00e9 des<span class=\"_ _8\"></span> flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, \u00e0 la ligne \u00ab int\u00e9r\u00eats vers\u00e9s \u00bb des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Contr<span class=\"_ _1\"></span>ats de location \u00e0 court terme et c<span class=\"_ _1\"></span>ontrats de location d'actifs de faible v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> Les paiements associ\u00e9s \u00e0 des baux \u00e0 c<span class=\"_ _1\"></span>ourt terme et \u00e0 des baux d'actifs de faible v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9s de fa\u00e7on lin\u00e9aire \u00e0 titr<span class=\"_ _1\"></span>e de charges en b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es ou en pertes. Les baux \u00e0 court terme sont des baux d'une dur\u00e9e de 12 mois ou moins. Les actifs de faible v<span class=\"_ _1\"></span>aleur incluent l\u2019\u00e9quipement informatique, de petits \u00e9l\u00e9ments d'\u00e9quipement de bur<span class=\"_ _1\"></span>eau<span class=\"_ _8\"></span> et autre<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent des bureaux administr<span class=\"_ _1\"></span>atifs et des entrep\u00f4ts via la soci\u00e9t\u00e9 m\u00e8r<span class=\"_ _1\"></span>e ultime<span class=\"_ _8\"></span> Viohalc<span class=\"_ _1\"></span>o S.A. et d'autres soci\u00e9t\u00e9s li\u00e9es. T<span class=\"_ _0\"></span>ous les contr<span class=\"_ _1\"></span>ats pour les bureaux administr<span class=\"_ _1\"></span>atifs et les entrep\u00f4ts n'incluent pas de clauses de p\u00e9nalit\u00e9 de r\u00e9siliation anticip\u00e9e et sont r\u00e9siliables \u00e0 tout moment. Pour c<span class=\"_ _1\"></span>ette raison, t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>ats intersoci\u00e9t\u00e9s pour les bureaux adminis<span class=\"_ _1\"></span>tratifs et les entr<span class=\"_ _1\"></span>ep\u00f4ts sont consid\u00e9r\u00e9s comme des contr<span class=\"_ _1\"></span>ats \u00e0 court terme et Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les paiements de location associ\u00e9s \u00e0 ces contr<span class=\"_ _1\"></span>ats comme des d\u00e9penses direct<span class=\"_ _1\"></span>es sur la dur\u00e9e du contrat de loca<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements Le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu de location est comptabilis\u00e9 comme un autr<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>venu sur une base lin\u00e9air<span class=\"_ _1\"></span>e pendant la dur\u00e9e de location.<span class=\"_ _8\"></span> Les incitations \u00e0 la location ac<span class=\"_ _1\"></span>cord\u00e9es sont c<span class=\"_ _1\"></span>omptabilis\u00e9es comme partie int\u00e9grante du r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu locatif total, sur la dur\u00e9e de location. 5.<span class=\"_ _1\"></span>15 Instruments financiers A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation initiale<span class=\"_ _8\"></span> Les cr\u00e9ances clients sont initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es \u00e0 leur valeur d\u2019<span class=\"_ _1\"></span>origine. T<span class=\"_ _0\"></span>ous les autr<span class=\"_ _1\"></span>es actifs et passifs<span class=\"_ _8\"></span> financiers sont initialement comptabilis\u00e9s lorsque Cener<span class=\"_ _1\"></span>gy Holdings devient partie aux dispositions c<span class=\"_ _1\"></span>ontractuelles de l'instrument. Un actif financier (sauf s'il s'agit d'une cr\u00e9ance client sans c<span class=\"_ _1\"></span>omposante financi\u00e8re important<span class=\"_ _1\"></span>e qui est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction) est initialement \u00e9valu\u00e9 \u00e0 la jus<span class=\"_ _1\"></span>te valeur plus, pour un \u00e9l\u00e9ment non c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0<span class=\"_ _8\"></span> la juste v<span class=\"_ _1\"></span>aleur par le biais du r\u00e9sultat net, les co\u00fbts de tr<span class=\"_ _1\"></span>ansaction directement attribuables \u00e0 son ac<span class=\"_ _1\"></span>quisition. Une<span class=\"_ _8\"></span> cr\u00e9ance client sans \u00e9l\u00e9ment de financement significa<span class=\"_ _1\"></span>tif est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> B. Classification et \u00e9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure Actifs financiers Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span> La classification des actifs financiers n\u2019<span class=\"_ _1\"></span>est pas modifi\u00e9e apr\u00e8s leur comptabilisa<span class=\"_ _1\"></span>tion initiale sauf si Cenergy Holdings change son mod\u00e8le \u00e9conomique conc<span class=\"_ _1\"></span>ernant la gestion des actifs financiers, auquel cas l\u2019<span class=\"_ _1\"></span>ensemble des actifs<span class=\"_ _8\"></span> financiers concern\u00e9s es<span class=\"_ _1\"></span>t retr<span class=\"_ _1\"></span>ait\u00e9 au premier jour de la premi\u00e8r<span class=\"_ _1\"></span>e p\u00e9riode comptable suiv<span class=\"_ _1\"></span>ant le changement de<span class=\"_ _8\"></span> mod\u00e8le \u00e9conomique. Un actif financier est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti s\u2019il remplit les deux c<span class=\"_ _1\"></span>onditions suivantes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la just<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il r<span class=\"_ _1\"></span>el\u00e8ve d\u2019un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l\u2019objectif es<span class=\"_ _1\"></span>t de d\u00e9tenir des actifs pour en collecter les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>actuels ; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles pr\u00e9v<span class=\"_ _1\"></span>oient, \u00e0 des dates sp\u00e9cifi\u00e9es, des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie uniquement constitu\u00e9s de paiements de principal et d\u2019int\u00e9r\u00eats sur le montant principal res<span class=\"_ _1\"></span>tant d\u00fb.<span class=\"_ _8\"></span> Un instrument de dette es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 en just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global s\u2019il r<span class=\"_ _1\"></span>emplit les deux conditions suiv<span class=\"_ _1\"></span>antes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il es<span class=\"_ _1\"></span>t d\u00e9tenu dans le cadre d'un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l'objectif est atteint \u00e0 la fois par la c<span class=\"_ _1\"></span>ollecte de flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels et la v<span class=\"_ _1\"></span>ente d'actifs financiers; et \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles donnent lieu \u00e0 des dat<span class=\"_ _1\"></span>es sp\u00e9cifi\u00e9es \u00e0 des flux de tr\u00e9sorerie qui sont uniquement constitu\u00e9s de paiements du principal et d'int\u00e9r\u00eats sur le montant principal r<span class=\"_ _1\"></span>estant d\u00fb. Lors de la comptabilisation initiale d'un titr<span class=\"_ _1\"></span>e de capitaux propr<span class=\"_ _1\"></span>es qui n'est pas d\u00e9tenu \u00e0 des fins de tr<span class=\"_ _1\"></span>ansaction,<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings peut irr\u00e9vocablement choisir de pr\u00e9senter les v<span class=\"_ _1\"></span>ariations ult\u00e9rieures de la just<span class=\"_ _1\"></span>e valeur du titr<span class=\"_ _1\"></span>e dans<span class=\"_ _8\"></span> les autres \u00e9l\u00e9ments du r\u00e9sultat global. C<span class=\"_ _1\"></span>e choix est effectu\u00e9 inv<span class=\"_ _1\"></span>estissement-par-in<span class=\"_ _1\"></span>vestissement. T<span class=\"_ _0\"></span>ous les actifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus aux fins de couvertur<span class=\"_ _1\"></span>e) qui ne sont pas class\u00e9s c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti ou selon la m\u00e9thode ci-dessus sont \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat. Lors de la comptabilisa<span class=\"_ _1\"></span>tion initiale, Cenergy Holdings peut irr\u00e9v<span class=\"_ _1\"></span>ocablement d\u00e9signer un actif financier \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat alors qu\u2019il r\u00e9pond aux crit\u00e8r<span class=\"_ _1\"></span>es pour \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti ou \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global d\u00e8s lors que c<span class=\"_ _1\"></span>e traitement \u00e9limine ou r\u00e9duit significativ<span class=\"_ _1\"></span>ement une non-concor<span class=\"_ _1\"></span>dance comptable qui sinon surviendrait. Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation du mod\u00e8le \u00e9conomique Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value l\u2019<span class=\"_ _1\"></span>objectif du mod\u00e8le \u00e9conomique dont rel\u00e8v<span class=\"_ _1\"></span>e un actif financier au niv<span class=\"_ _1\"></span>eau d\u2019un portefeuille, car c\u2019es<span class=\"_ _1\"></span>t l\u00e0 le meilleur reflet de la gestion de l\u2019<span class=\"_ _1\"></span>entreprise et du mode de pr\u00e9senta<span class=\"_ _1\"></span>tion des informations \u00e0 la Direction. Les transf<span class=\"_ _1\"></span>erts d\u2019actifs financiers \u00e0 des tiers dans des transactions qui ne donnent pas lieu \u00e0 d\u00e9c<span class=\"_ _1\"></span>omptabilisation ne sont pas<span class=\"_ _8\"></span> consid\u00e9r\u00e9s comme une v<span class=\"_ _1\"></span>ente \u00e0 c<span class=\"_ _1\"></span>ette fin, conform\u00e9ment \u00e0 la r<span class=\"_ _1\"></span>econnaissance c<span class=\"_ _1\"></span>ontinue des actifs par le Groupe. Actifs financiers- D\u00e9t<span class=\"_ _1\"></span>erminer si les flux de tr\u00e9sorerie contractuels sont uniquement des r<span class=\"_ _1\"></span>emboursements de principal et<span class=\"_ _8\"></span> des versements d\u2019int\u00e9r\u00eats: Aux fins de la pr\u00e9sente \u00e9v<span class=\"_ _1\"></span>aluation, le \u00ab principal \u00bb est d\u00e9fini comme la jus<span class=\"_ _1\"></span>te valeur de l'actif financier lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es \u00ab int\u00e9r\u00eats \u00bb sont d\u00e9finis comme une contr<span class=\"_ _1\"></span>epartie de la valeur temps de l'ar<span class=\"_ _1\"></span>gent et du<span class=\"_ _8\"></span> risque de cr\u00e9dit associ\u00e9 au principal r<span class=\"_ _1\"></span>estant d\u00fb pendant une p\u00e9riode donn\u00e9e, ainsi qu'\u00e0 d'autres risques et c<span class=\"_ _1\"></span>o\u00fbts de<span class=\"_ _8\"></span> pr\u00eat de base (tels que le risque de liquidit\u00e9 et les fr<span class=\"_ _1\"></span>ais administratifs<span class=\"_ _1\"></span>), tout en ajoutant une marge b\u00e9n\u00e9ficiair<span class=\"_ _1\"></span>e. Pour d\u00e9terminer si les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contractuels sont uniquement des paiements de capital et d'int\u00e9r\u00eats, C<span class=\"_ _1\"></span>energy Holdings tient compte des modalit\u00e9s c<span class=\"_ _1\"></span>ontractuelles de l'instrument. C<span class=\"_ _1\"></span>ela inclut d\u2019\u00e9valuer si l\u2019actif financier c<span class=\"_ _1\"></span>ontient<span class=\"_ _8\"></span> une dur\u00e9e contr<span class=\"_ _1\"></span>actuelle susceptible de modifier le calendrier ou le montant des flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels de telle sorte qu\u2019il ne r<span class=\"_ _1\"></span>emplisse pas cett<span class=\"_ _1\"></span>e condition. Dans le cadre de c<span class=\"_ _1\"></span>ette \u00e9valua<span class=\"_ _1\"></span>tion, Cenergy Holdings consid\u00e8r<span class=\"_ _1\"></span>e :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les \u00e9v\u00e9nements c<span class=\"_ _1\"></span>ontingents susceptibles de modifier le montant ou le calendrier des flux de tr\u00e9sorerie; \u2022 <span class=\"_ _20\"> </span>les conditions susc<span class=\"_ _1\"></span>eptibles d\u2019ajuster le taux du c<span class=\"_ _1\"></span>oupon contractuel, y c<span class=\"_ _1\"></span>ompris les caract\u00e9ristiques de taux v<span class=\"_ _1\"></span>ariable ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les car<span class=\"_ _1\"></span>act\u00e9ristiques de paiement anticip\u00e9 et de prolonga<span class=\"_ _1\"></span>tion; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les c<span class=\"_ _1\"></span>onditions qui limitent le droit \u00e0 se pr\u00e9v<span class=\"_ _1\"></span>aloir des flux de tr\u00e9sorerie sur c<span class=\"_ _1\"></span>ertains actifs (par ex<span class=\"_ _1\"></span>emple, absence de rec<span class=\"_ _1\"></span>ours possible). Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure et comp<span class=\"_ _1\"></span>tabilisation des gains et des pertes  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat. Actifs financiers au c<span class=\"_ _1\"></span>o\u00fbt amorti  <span class=\"_ _7d\"> </span> <span class=\"_ _38\"></span>Ces actifs sont ult\u00e9rieurement \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le co\u00fbt amorti est minor\u00e9 des pert<span class=\"_ _1\"></span>es de d\u00e9pr\u00e9ciation. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats, les gains et pertes de change et les d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _0\"></span>out gain ou perte sur une d\u00e9comptabilisation es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat. Instruments de dettes \u00e0 la just<span class=\"_ _1\"></span>e  <span class=\"_ _7e\"> </span> valeur par le biais des autr<span class=\"_ _1\"></span>es  <span class=\"_ _44\"> </span> \u00e9l\u00e9ments du r\u00e9sultat global  <span class=\"_ _7f\"> </span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats,  calcul\u00e9s selon la m\u00e9thode du taux d\u2019int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>, les gains et pertes de change et les <span class=\"_ _7b\"></span>  <span class=\"_ _38\"></span><span class=\"ff19\">d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. Les autres gains et pert<span class=\"_ _1\"></span>es nets </span>sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global. Lors de la d\u00e9comptabilisation, les gains et pertes cumul\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global sont retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Inv<span class=\"_ _1\"></span>estissements en capitaux  <span class=\"_ _34\"> </span> propres \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le  <span class=\"_ _80\"> </span> biais des autres \u00e9l\u00e9ments du   <span class=\"_ _55\"> </span> r\u00e9sultat global <span class=\"_ _81\"> </span> <span class=\"_ _7c\"> </span>Ces actifs sont ult\u00e9rieur<span class=\"_ _1\"></span>ement \u00e9valu\u00e9s \u00e0 leur just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. Les dividendes sont <span class=\"ff19\">comptabilis\u00e9s en pr<span class=\"_ _1\"></span>oduits au compte de r\u00e9sultat sauf si le dividende repr\u00e9sent<span class=\"_ _1\"></span>e </span><span class=\"ff19\">clairement une r<span class=\"_ _1\"></span>eprise d\u2019une partie du co\u00fbt de l\u2019inv<span class=\"_ _1\"></span>estissement. Les autres gains et </span><span class=\"ff19\">pertes nets sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et ne sont</span>jamais retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C. D\u00e9comptabilisation Actifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un actif financier quand :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les dr<span class=\"_ _1\"></span>oits contr<span class=\"_ _1\"></span>actuels sur les flux de tr\u00e9sorerie de l'actif financier expir<span class=\"_ _1\"></span>ent; ou \u2022 <span class=\"_ _20\"> </span>il tr<span class=\"_ _1\"></span>ansf\u00e8re les dr<span class=\"_ _1\"></span>oits de rece<span class=\"_ _1\"></span>voir les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contr<span class=\"_ _1\"></span>actuels dans une transaction : - <span class=\"_ _6a\"> </span>dans laquelle la quasi-totalit\u00e9 des risques et a<span class=\"_ _1\"></span>vantages de la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l'actif financier est transf\u00e9r\u00e9e ; ou - <span class=\"_ _6a\"> </span>dans lequel Cener<span class=\"_ _1\"></span>gy Holdings ne transf\u00e8r<span class=\"_ _1\"></span>e ni ne conserve la quasi-t<span class=\"_ _1\"></span>otalit\u00e9 des risques et des avantages de la propri\u00e9t\u00e9 et ne c<span class=\"_ _1\"></span>onserve pas le contr\u00f4le de l'actif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings conclut des transactions dans lesquelles elle tr<span class=\"_ _1\"></span>ansf\u00e8re des actifs comptabilis\u00e9s dans son \u00e9tat de situation financi\u00e8re<span class=\"_ _1\"></span>, mais conserve t<span class=\"_ _1\"></span>out ou une part substantielle de l\u2019<span class=\"_ _1\"></span>ensemble des risques et avantages sur les actifs transf\u00e9r\u00e9s. Dans c<span class=\"_ _1\"></span>e cas, les actifs transf\u00e9r\u00e9s ne sont pas d\u00e9comptabilis\u00e9s. Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. 5.<span class=\"_ _1\"></span>16 Capital social<span class=\"_ _8\"></span> Les capitaux pr<span class=\"_ _1\"></span>opres se composent d\u2019<span class=\"_ _1\"></span>actions ordinaires. Les co\u00fbts additionnels dir<span class=\"_ _1\"></span>ectement attribuables \u00e0 l\u2019\u00e9mission d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es sont comptabilis\u00e9s en d\u00e9duction des capitaux propr<span class=\"_ _1\"></span>es. L<span class=\"_ _1\"></span>\u2019imp\u00f4t sur le r\u00e9sultat li\u00e9 aux co\u00fbts de transaction d\u2019une tr<span class=\"_ _1\"></span>ansaction sur les capitaux propr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> est comptabilis\u00e9 en capitaux pr<span class=\"_ _1\"></span>opres (<span class=\"_ _1\"></span>cf<span class=\"_ _1\"></span>. note 5.7). 5.<span class=\"_ _1\"></span>17 Pro<span class=\"_ _1\"></span>visions<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>ovisions sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es en actualisant les flux de tr\u00e9sorerie futurs attendus \u00e0 un taux a<span class=\"_ _1\"></span>vant imp\u00f4t. Le taux d\u2019actualisation utilis\u00e9 pour d\u00e9t<span class=\"_ _1\"></span>erminer la valeur actualis\u00e9e r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9, de la valeur actualis\u00e9e de l\u2019ar<span class=\"_ _1\"></span>gent et les risques sp\u00e9cifiques \u00e0 l\u2019<span class=\"_ _1\"></span>obligation.<span class=\"_ _8\"></span> Des pro<span class=\"_ _1\"></span>visions sont enregis<span class=\"_ _1\"></span>tr\u00e9es dans les cas suivants : i. <span class=\"_ _2c\"> </span>Il exist<span class=\"_ _1\"></span>e une obligation juridique ou implicite r\u00e9sultant d\u2019\u00e9v\u00e9nements ant\u00e9rieurs. ii. <span class=\"_ _72\"> </span>Il est pr<span class=\"_ _1\"></span>obable qu\u2019un paiement soit effectu\u00e9 pour r\u00e9gler l\u2019<span class=\"_ _1\"></span>obligation.<span class=\"_ _8\"></span> iii. <span class=\"_ _5\"> </span>Le montant du paiement en ques<span class=\"_ _1\"></span>tion peut \u00eatre estim\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e fiable.<span class=\"_ _8\"></span> Des pro<span class=\"_ _1\"></span>visions pour les d\u00e9cisions de justice en ins<span class=\"_ _1\"></span>tance sont comptabilis\u00e9es lorsqu\u2019il est plus que pr<span class=\"_ _1\"></span>obable qu\u2019il<span class=\"_ _8\"></span> exis<span class=\"_ _1\"></span>te une obligation r\u00e9sultant de ce litige et qu\u2019un paiement \u00e0 cet \u00e9gar<span class=\"_ _1\"></span>d est pr<span class=\"_ _1\"></span>obable selon l\u2019\u00e9valuation d\u2019un tiers. Des pro<span class=\"_ _1\"></span>visions de garantie d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e sont comptabilis\u00e9es lorsque le produit est v<span class=\"_ _1\"></span>endu et selon l\u2019<span class=\"_ _1\"></span>exp\u00e9rience ant\u00e9rieure (pr<span class=\"_ _1\"></span>obabilit\u00e9 que les produits v<span class=\"_ _1\"></span>endus aient besoin d\u2019\u00eatre r<span class=\"_ _1\"></span>emplac\u00e9s). L<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>timation initiale des co\u00fbts associ\u00e9s \u00e0 la gar<span class=\"_ _1\"></span>antie est re<span class=\"_ _1\"></span>vue tous les ans. Des pro<span class=\"_ _1\"></span>visions pour res<span class=\"_ _1\"></span>tructuration sont comptabilis\u00e9es uniquement lorsque Cener<span class=\"_ _1\"></span>gy Holdings est tenue par une obligation implicite, \u00e0 sa<span class=\"_ _1\"></span>voir lorsqu\u2019un plan officiel d\u00e9taill\u00e9 pr\u00e9cise l\u2019<span class=\"_ _1\"></span>activit\u00e9 ou la partie de l\u2019activit\u00e9 conc<span class=\"_ _1\"></span>ern\u00e9e,<span class=\"_ _8\"></span> le site et le nombr<span class=\"_ _1\"></span>e de collaborat<span class=\"_ _1\"></span>eurs concern\u00e9s, une estimation d\u00e9taill\u00e9e des c<span class=\"_ _1\"></span>o\u00fbts associ\u00e9s et un calendrier appropri\u00e9, et que les c<span class=\"_ _1\"></span>ollaborateurs c<span class=\"_ _1\"></span>oncern\u00e9s ont \u00e9t\u00e9 inform\u00e9s des principales modalit\u00e9s du plan en question ou que la soci\u00e9t\u00e9 a d\u00e9j\u00e0 commenc\u00e9 \u00e0 d\u00e9plo<span class=\"_ _1\"></span>yer le plan. Une pro<span class=\"_ _1\"></span>vision pour contr<span class=\"_ _1\"></span>ats on\u00e9reux est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actuelle des co\u00fbts les plus bas entr<span class=\"_ _1\"></span>e les co\u00fbts att<span class=\"_ _1\"></span>endus<span class=\"_ _8\"></span> de l\u2019<span class=\"_ _1\"></span>ex\u00e9cution du contr<span class=\"_ _1\"></span>at et le co\u00fbt d\u00e9c<span class=\"_ _1\"></span>oulant de l\u2019inex\u00e9cution du contr<span class=\"_ _1\"></span>at. A<span class=\"_ _1\"></span>vant de cons<span class=\"_ _1\"></span>tituer la pro<span class=\"_ _1\"></span>vision, Cenergy Holdings comptabilise tout<span class=\"_ _1\"></span>e perte de d\u00e9pr\u00e9ciation sur les actifs li\u00e9s au contr<span class=\"_ _1\"></span>at. 5.<span class=\"_ _1\"></span>18 R\u00e9sultat par action Cener<span class=\"_ _1\"></span>gy Holdings pr\u00e9sente un r\u00e9sultat par action simple et un r\u00e9sultat par action dilu\u00e9. Le r\u00e9sultat par action simple est calcul\u00e9 en divisant le r\u00e9sultat net attribuable aux d\u00e9t<span class=\"_ _1\"></span>enteurs d\u2019actions or<span class=\"_ _1\"></span>dinaires de la Soci\u00e9t\u00e9 par le nombr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9 d\u2019actions en cir<span class=\"_ _1\"></span>culation \u00e0 chaque p\u00e9riode. Le r\u00e9sultat par action dilu\u00e9 est d\u00e9fini en c<span class=\"_ _1\"></span>orrigeant le r\u00e9sultat attribuable aux d\u00e9tenteurs d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es de la<span class=\"_ _8\"></span> Soci\u00e9t\u00e9 et le nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>actions en circulation de l\u2019impact d\u2019une \u00e9v<span class=\"_ _1\"></span>entuelle conv<span class=\"_ _1\"></span>ersion de toutes les obligations con<span class=\"_ _1\"></span>vertibles et st<span class=\"_ _1\"></span>ock-options distribu\u00e9es au personnel. 5.<span class=\"_ _1\"></span>19 R\u00e9sultat op\u00e9rationnel Le r\u00e9sultat op\u00e9r<span class=\"_ _1\"></span>ationnel est le r\u00e9sultat g\u00e9n\u00e9r\u00e9 par les activit\u00e9s principales g\u00e9n\u00e9ra<span class=\"_ _1\"></span>trices de re<span class=\"_ _1\"></span>venus de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings ainsi que les autres r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges li\u00e9s aux activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles. Le r\u00e9sultat op\u00e9ra<span class=\"_ _1\"></span>tionnel ex<span class=\"_ _1\"></span>clut les<span class=\"_ _8\"></span> co\u00fbts financiers nets, la quote-part du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s mises en \u00e9quivalence et l\u2019imp\u00f4t sur le r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> 5.20 \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur La \u00ab juste v<span class=\"_ _1\"></span>aleur \u00bb est le prix qui serait per\u00e7u en c<span class=\"_ _1\"></span>ontrepartie de la v<span class=\"_ _1\"></span>ente d\u2019un actif ou qui serait pa<span class=\"_ _1\"></span>y\u00e9 pour transf\u00e9r<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> une dette dans le cadr<span class=\"_ _1\"></span>e d\u2019une transaction or<span class=\"_ _1\"></span>donn\u00e9e entre des participants du march\u00e9, \u00e0 la da<span class=\"_ _1\"></span>te d\u2019\u00e9valuation sur le march\u00e9 principal ou, \u00e0 d\u00e9f<span class=\"_ _1\"></span>aut, sur le march\u00e9 le plus av<span class=\"_ _1\"></span>antageux auquel Cenergy Holdings a ac<span class=\"_ _1\"></span>c\u00e8s \u00e0 la date en question. La just<span class=\"_ _1\"></span>e valeur d\u2019une dette r<span class=\"_ _1\"></span>efl\u00e8te son risque de non-e<span class=\"_ _1\"></span>x\u00e9cution.<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de m\u00e9thodes comptables et d\u2019informations financi\u00e8r<span class=\"_ _1\"></span>es de Cenergy Holdings r<span class=\"_ _1\"></span>equi\u00e8rent l\u2019\u00e9valuation de la jus<span class=\"_ _1\"></span>te valeur d\u2019<span class=\"_ _1\"></span>actifs et de passifs financiers et non financiers. Lorsqu\u2019<span class=\"_ _1\"></span>elle est disponible, Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value la just<span class=\"_ _1\"></span>e valeur d\u2019un instrument sur la base de sa c<span class=\"_ _1\"></span>otation sur un<span class=\"_ _8\"></span> march\u00e9 actif<span class=\"_ _1\"></span>. Un mar<span class=\"_ _1\"></span>ch\u00e9 est consid\u00e9r\u00e9 comme \u00ab actif \u00bb si les tr<span class=\"_ _1\"></span>ansactions sur l\u2019actif ou le passif int<span class=\"_ _1\"></span>erviennent \u00e0 une<span class=\"_ _8\"></span> fr\u00e9quence et dans un v<span class=\"_ _1\"></span>olume suffisant pour fournir une information c<span class=\"_ _1\"></span>ontinue concernant son prix. S\u2019il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e pas de cotation sur un march\u00e9 actif<span class=\"_ _1\"></span>, Cener<span class=\"_ _1\"></span>gy Holdings utilise alors des techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion qui<span class=\"_ _8\"></span> s\u2019appuient sur un maximum d\u2019\u00e9l\u00e9ments observ<span class=\"_ _1\"></span>ables et un minimum d\u2019\u00e9l\u00e9ments qui ne sont pas observables. La technique d\u2019\u00e9v<span class=\"_ _1\"></span>aluation retenue int\u00e8gr<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>ensemble des facteurs que les participants du mar<span class=\"_ _1\"></span>ch\u00e9 prennent en compt<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> dans la fixation du prix d\u2019une tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> Si un actif ou un passif \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur a un c<span class=\"_ _1\"></span>ours acheteur et un cours v<span class=\"_ _1\"></span>endeur<span class=\"_ _1\"></span>, Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value alors les actifs et les positions longues au cours acheteur et les pas<span class=\"_ _1\"></span>sifs et positions courtes au cours v<span class=\"_ _1\"></span>endeur<span class=\"_ _1\"></span>. Le prix de la tr<span class=\"_ _1\"></span>ansaction constitue normalement la meilleure pr<span class=\"_ _1\"></span>euve de la jus<span class=\"_ _1\"></span>te valeur d\u2019un instrument financier lors de sa comptabilisation initiale, \u00e0 sa<span class=\"_ _1\"></span>voir la jus<span class=\"_ _1\"></span>te valeur de la contr<span class=\"_ _1\"></span>epartie pay\u00e9e ou r<span class=\"_ _1\"></span>e\u00e7ue. Si Cenergy Holdings \u00e9tablit que la juste v<span class=\"_ _1\"></span>aleur \u00e0 la comptabilisation initiale diff\u00e8r<span class=\"_ _1\"></span>e du prix de la transaction et que la juste v<span class=\"_ _1\"></span>aleur n\u2019<span class=\"_ _1\"></span>est pas attes<span class=\"_ _1\"></span>t\u00e9e par la cotation d\u2019un actif ou passif identique sur un mar<span class=\"_ _1\"></span>ch\u00e9 actif, ni ne s\u2019<span class=\"_ _1\"></span>appuie sur une technique d\u2019\u00e9valuation dont les \u00e9l\u00e9ments non observ<span class=\"_ _1\"></span>ables sont estim\u00e9s non significatifs par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019\u00e9valuation, l\u2019instrument financier est alors \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur ajus<span class=\"_ _1\"></span>t\u00e9e de la diff\u00e9rence entr<span class=\"_ _1\"></span>e la juste v<span class=\"_ _1\"></span>aleur lors de la comptabilisation initiale et le prix de la transaction. C<span class=\"_ _1\"></span>ette diff\u00e9renc<span class=\"_ _1\"></span>e est ult\u00e9rieurement comptabilis\u00e9e en r\u00e9sulta<span class=\"_ _1\"></span>t sur la dur\u00e9e de vie<span class=\"_ _8\"></span> de l\u2019instrument, tant que l\u2019\u00e9v<span class=\"_ _1\"></span>aluation rest<span class=\"_ _1\"></span>e enti\u00e8rement justifi\u00e9e par des donn\u00e9es observ<span class=\"_ _1\"></span>ables sur le march\u00e9 ou que la transaction n\u2019<span class=\"_ _1\"></span>est pas liquid\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.21 Nouvelles normes, amendements aux normes et int<span class=\"_ _1\"></span>erpr\u00e9tations<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de normes nouvelles ou modifi\u00e9es sont de<span class=\"_ _1\"></span>venues applicables pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice en cours et pour les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le Groupe a appliqu\u00e9 t<span class=\"_ _1\"></span>outes les nouvelles normes, les int<span class=\"_ _1\"></span>erpr\u00e9tations et les amendements<span class=\"_ _8\"></span> aux normes exis<span class=\"_ _1\"></span>tantes qui \u00e9taient obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois au cours de l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e commen\u00e7ant le 1 janvier 2022 et aucune des normes et int<span class=\"_ _1\"></span>erpr\u00e9tations nouvelles ou modifi\u00e9es n'a eu d'incidenc<span class=\"_ _1\"></span>e importante sur la comptabilisation et l'\u00e9v<span class=\"_ _1\"></span>aluation dans les \u00e9tats financiers consolid\u00e9s. Normes et interpr\u00e9tations applicables \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en cours<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivantes sont d\u2019<span class=\"_ _1\"></span>application obligatoir<span class=\"_ _1\"></span>e pour la premi\u00e8re f<span class=\"_ _1\"></span>ois<span class=\"_ _8\"></span> \u00e0 partir de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>omptable d\u00e9butant au 1er janvier 2022 et ont \u00e9t\u00e9 adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne :<span class=\"_ _8\"></span> Amendements aux normes IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb ; IAS 16 \u00ab Immobilisations corporelles \u00bb ; IA<span class=\"_ _1\"></span>S<span class=\"_ _8\"></span> 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations annuelles<span class=\"ff19\"> (entr\u00e9e en vigueur </span>pour les p\u00e9riodes annuelles commen\u00e7ant le 1er jan<span class=\"_ _1\"></span>vier 2022 ou apr\u00e8s) Le gr<span class=\"_ _1\"></span>oupe d\u2019amendements compr<span class=\"_ _1\"></span>end des modifications de port\u00e9e limit\u00e9e \u00e0 trois normes ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations<span class=\"_ _8\"></span> annuelles aux IFRS, qui sont des changements qui clarifient le te<span class=\"_ _1\"></span>xte ou corrigent des cons\u00e9quenc<span class=\"_ _1\"></span>es mineures, des oublis ou des conflits entr<span class=\"_ _1\"></span>e les exigences des normes. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 l'IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb<span class=\"ff19\"> mettent \u00e0 jour une r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> </span></span>dans l'IFRS 3 au cadre c<span class=\"_ _1\"></span>onceptuel d'information financi\u00e8r<span class=\"_ _1\"></span>e sans modifier les exigences c<span class=\"_ _1\"></span>omptables pour les<span class=\"_ _8\"></span> regr<span class=\"_ _1\"></span>oupements d'entreprises. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les modifications apport\u00e9es \u00e0 IAS 16 \u00ab Immobilisations c<span class=\"_ _1\"></span>orporelles \u00bb<span class=\"ff19\"> inter<span class=\"_ _1\"></span>disent \u00e0 une entreprise de d\u00e9duire </span></span>du co\u00fbt des immobilisations c<span class=\"_ _1\"></span>orporelles les montants re\u00e7us de la v<span class=\"_ _1\"></span>ente d'articles pr<span class=\"_ _1\"></span>oduits pendant qu'elle<span class=\"_ _8\"></span> pr\u00e9pare l'actif en vue de son utilisation pr\u00e9vue<span class=\"_ _1\"></span>. Au lieu de cela, une entr<span class=\"_ _1\"></span>eprise doit comptabiliser ce produit de vent<span class=\"_ _1\"></span>e et le co\u00fbt conne<span class=\"_ _1\"></span>xe dans le r\u00e9sultat. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 IAS 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb<span class=\"ff19\"> pr\u00e9cisent quels c<span class=\"_ _1\"></span>o\u00fbts<span class=\"_ _8\"></span> </span></span>une soci\u00e9t\u00e9 inclut lorsqu'elle \u00e9value si un c<span class=\"_ _1\"></span>ontrat ser<span class=\"_ _1\"></span>a on\u00e9reux. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Des am\u00e9liorations annuelles 2018-20<span class=\"_ _1\"></span>20<span class=\"ff19\"> apportent des modifications mineures \u00e0 IFRS 1 \u00ab Pr<span class=\"_ _1\"></span>emi\u00e8re adoption des </span></span>IFRS \u00bb, IFRS 9 \u00ab Instruments financiers \u00bb, IAS 4<span class=\"_ _1\"></span>1 \u00ab Agricultur<span class=\"_ _1\"></span>e \u00bb et les ex<span class=\"_ _1\"></span>emples illustratifs qui ac<span class=\"_ _1\"></span>compagnent<span class=\"_ _8\"></span> IFRS 16 \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb.<span class=\"_ _8\"></span> IFRS 16 (Amendement) \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb li\u00e9s au Covid-<span class=\"_ _1\"></span>19<span class=\"ff19\"> (en vigueur pour les p\u00e9riodes annuelles </span>commen\u00e7ant le 1 a<span class=\"_ _1\"></span>vril 2021 ou apr\u00e8s) Les amendements pr<span class=\"_ _1\"></span>olongent, d'un an, la modification de mai 2020 qui accor<span class=\"_ _1\"></span>de aux preneurs une e<span class=\"_ _1\"></span>xemption de l'\u00e9valuation de la ques<span class=\"_ _1\"></span>tion de sav<span class=\"_ _1\"></span>oir si une concession de lo<span class=\"_ _1\"></span>yer li\u00e9e \u00e0 la C<span class=\"_ _1\"></span>OVID-<span class=\"_ _1\"></span>19 est une modification de bail. En particulier<span class=\"_ _1\"></span>, la modification permet \u00e0 un pr<span class=\"_ _1\"></span>eneur d'appliquer la mesure de simplification c<span class=\"_ _1\"></span>oncernant les all\u00e9gements<span class=\"_ _8\"></span> de loy<span class=\"_ _1\"></span>er acc<span class=\"_ _1\"></span>ord\u00e9s en lien av<span class=\"_ _1\"></span>ec la CO<span class=\"_ _1\"></span>VID-19 aux all\u00e9gements de lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>er dont la r\u00e9duction concerne seulement des paiements dus initialement le 30 juin 2022 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date (plut\u00f4t qu\u2019uniquement aux paiements dus initialement le 30 juin 2021 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date). Normes et amendements applicables \u00e0 des ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>es post\u00e9rieurs<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivants ont \u00e9t\u00e9 publi\u00e9s et adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne ;<span class=\"_ _8\"></span> ils ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>ommen\u00e7ant le 1 janvier 2022. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d\u2019incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au cours des p\u00e9riodes de d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 1, \u00ab Pr\u00e9sentation des \u00e9tats financiers : Classifica<span class=\"_ _1\"></span>tion des passifs comme cour<span class=\"_ _1\"></span>ants ou<span class=\"_ _8\"></span> non-cour<span class=\"_ _1\"></span>ants \u00bb<span class=\"ff19\"> (\u00e0 compter du 01 jan<span class=\"_ _1\"></span>vier 2023), n\u2019affect<span class=\"_ _1\"></span>ent que la pr\u00e9sentation des passifs dans l\u2019\u00e9tat de la situation </span>financi\u00e8re \u2014 et non le montant ou le moment de la c<span class=\"_ _1\"></span>omptabilisation d\u2019actifs, de r<span class=\"_ _1\"></span>evenus ou de char<span class=\"_ _1\"></span>ges du passif<span class=\"_ _1\"></span>, ou<span class=\"_ _8\"></span> l\u2019information que les entit\u00e9s divulguent sur c<span class=\"_ _1\"></span>es \u00e9l\u00e9ments. Ils :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>clarifient que la clas<span class=\"_ _1\"></span>sification des passifs comme cour<span class=\"_ _1\"></span>ants ou non cour<span class=\"_ _1\"></span>ants doit \u00eatre bas\u00e9e sur les droits qui exis<span class=\"_ _1\"></span>tent \u00e0 la fin de la p\u00e9riode de reporting et aligner le libell\u00e9 dans t<span class=\"_ _1\"></span>ous les paragraphes c<span class=\"_ _1\"></span>oncern\u00e9s pour fair<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au \u00ab droit \u00bb de diff\u00e9r<span class=\"_ _1\"></span>er le r\u00e8glement d'ici \u00e0 douze mois au moins et pr\u00e9ciser que seuls les droits en vigueur \u00ab \u00e0 la fin de la p\u00e9riode de r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e \u00bb devr<span class=\"_ _1\"></span>aient affecter la classification d'un passif; \u2022 <span class=\"_ _20\"> </span>pr\u00e9cisent que la clas<span class=\"_ _1\"></span>sification n'est pas affect\u00e9e par les att<span class=\"_ _1\"></span>entes quant \u00e0 sav<span class=\"_ _1\"></span>oir si une entit\u00e9 ex<span class=\"_ _1\"></span>ercer<span class=\"_ _1\"></span>a son droit de diff\u00e9rer le r\u00e8glement d'un pas<span class=\"_ _1\"></span>sif; et pr\u00e9cisent que le r\u00e8glement fait r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au transfert \u00e0 la contr<span class=\"_ _1\"></span>epartie d'esp\u00e8ces, d'instruments de capitaux pr<span class=\"_ _1\"></span>opres, d'autr<span class=\"_ _1\"></span>es actifs ou services. Modifications \u00e0 IAS 8 m\u00e9thodes comptables, changements dans les es<span class=\"_ _1\"></span>timations comptables et erreurs : D\u00e9finition des estimations comptables<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>L'amendement \u00e0 IAS 8 clarifie la mani\u00e8r<span class=\"_ _1\"></span>e dont les entreprises doiv<span class=\"_ _1\"></span>ent distinguer les changements de m\u00e9thodes<span class=\"_ _8\"></span> comptables des changements d'estimations c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 12 \u00ab Imp\u00f4ts sur le r\u00e9sultat \u00bb : Imp\u00f4t diff\u00e9r\u00e9 li\u00e9 \u00e0 l'actif et au passif d\u00e9c<span class=\"_ _1\"></span>oulant d'une<span class=\"_ _8\"></span> op\u00e9ration unique<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Les modifications clarifient la fa\u00e7on dont les soci\u00e9t\u00e9s c<span class=\"_ _1\"></span>omptabilisent l\u2019imp\u00f4t diff\u00e9r\u00e9 pour les obligations relativ<span class=\"_ _1\"></span>es au d\u00e9mant\u00e8lement et les contr<span class=\"_ _1\"></span>ats de location. La principale modification de ces amendements est une e<span class=\"_ _1\"></span>xemption relativ<span class=\"_ _1\"></span>e \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>emption de comptabilisation initiale de IAS 12.<span class=\"_ _1\"></span>15(b<span class=\"_ _1\"></span>) et IAS 12.2<span class=\"_ _1\"></span>4. Ainsi, l'ex<span class=\"_ _1\"></span>emption de comptabilisation initiale ne s'applique pas aux op\u00e9rations dans lesquelles les diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>aires d\u00e9ductibles et imposables sont des montants \u00e9gaux lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es modifications sont en vigueur pour les ex<span class=\"_ _1\"></span>ercices ouv<span class=\"_ _1\"></span>erts \u00e0 compter du 1er jan<span class=\"_ _1\"></span>vier 2023. Une application anticip\u00e9e est permise. IFRS 17 \u00ab contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb<span class=\"ff19\"> (\u00e0 compter du 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Cette norme r<span class=\"_ _1\"></span>emplace IFRS 4, qui donne lieu \u00e0 une multitude d\u2019<span class=\"_ _1\"></span>approches comptables diff\u00e9r<span class=\"_ _1\"></span>entes en mati\u00e8re de contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance. IFRS 17 changer<span class=\"_ _1\"></span>a fondamentalement la comptabilisation pour tout<span class=\"_ _1\"></span>es les entit\u00e9s qui \u00e9mettent des contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance et des contr<span class=\"_ _1\"></span>ats d\u2019inv<span class=\"_ _1\"></span>estissement av<span class=\"_ _1\"></span>ec un \u00e9l\u00e9ment de participation discr\u00e9tionnaire. Le 17 mars 2020<span class=\"_ _1\"></span>, l\u2019IASB a d\u00e9cid\u00e9 de report<span class=\"_ _1\"></span>er la date d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur aux p\u00e9riodes de d\u00e9claration annuelle commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2023 ou apr\u00e8s. L\u2019<span class=\"_ _1\"></span>approbation c<span class=\"_ _1\"></span>omprend les amendements publi\u00e9s par l\u2019IASB en juin 2020<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> qui visent \u00e0 aider les entreprises \u00e0 mettr<span class=\"_ _1\"></span>e en \u0153uvre la Norme et \u00e0 leur f<span class=\"_ _1\"></span>aciliter l\u2019<span class=\"_ _1\"></span>explication de leur performanc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Le r\u00e8glement de l'UE pr\u00e9v<span class=\"_ _1\"></span>oit une ex<span class=\"_ _1\"></span>emption facultativ<span class=\"_ _1\"></span>e de l'application de l\u2019obligation de c<span class=\"_ _1\"></span>ohorte annuelle rela<span class=\"_ _1\"></span>tive au moment de la comptabilisation du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e dans le contrat, de la mar<span class=\"_ _1\"></span>ge de service contr<span class=\"_ _1\"></span>actuelle, du b\u00e9n\u00e9fice ou de la perte. L<span class=\"_ _1\"></span>es entit\u00e9s qui font usage de cette e<span class=\"_ _1\"></span>xemption n'appliquent pas les IFRS t<span class=\"_ _1\"></span>elles que publi\u00e9es par l'IASB et doivent l'indiquer<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 IFRS 17 \u00ab Contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb : Application initiale des normes IFRS 17 et IFRS 9 \u2013<span class=\"_ _8\"></span> informations compar<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>es<span class=\"ff19\"> (publi\u00e9es le 9 d\u00e9cembre 2021, en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023). </span>L'amendement est une option de tr<span class=\"_ _1\"></span>ansition relativ<span class=\"_ _1\"></span>e aux informations compar<span class=\"_ _1\"></span>atives sur les actifs financiers pr\u00e9sent\u00e9es lors de l'application initiale d'IFRS 17<span class=\"_ _0\"></span>. L'amendement vise \u00e0 aider les entit\u00e9s \u00e0 \u00e9viter les d\u00e9calages<span class=\"_ _8\"></span> comptables tempor<span class=\"_ _1\"></span>aires entr<span class=\"_ _1\"></span>e les actifs financiers et les passifs des contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e, et donc \u00e0 am\u00e9liorer l'utilit\u00e9 des informations c<span class=\"_ _1\"></span>omparativ<span class=\"_ _1\"></span>es dans les \u00e9tats financiers.<span class=\"_ _8\"></span> Les modifications suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 publi\u00e9es mais ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l'ex<span class=\"_ _1\"></span>ercice commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2022 et n'ont pas \u00e9t\u00e9 approuv\u00e9es par l'Union eur<span class=\"_ _1\"></span>op\u00e9enne. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d'incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au c<span class=\"_ _1\"></span>ours des p\u00e9riodes de<span class=\"_ _8\"></span> d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements sur l\u2019IAS 1 \u00ab Pr\u00e9sentation des \u00e9tats financiers \u00bb et de l\u2019\u00e9nonc\u00e9 de pr<span class=\"_ _1\"></span>atiques sur les IFRS 2<span class=\"_ _8\"></span> \u00ab Informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables \u00bb<span class=\"ff19\"> (en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023).<span class=\"_ _8\"></span> </span>Les modifications visent \u00e0 am\u00e9lior<span class=\"_ _1\"></span>er les informations \u00e0 fournir sur les m\u00e9thodes comptables et \u00e0 aider les utilisa<span class=\"_ _1\"></span>teurs<span class=\"_ _8\"></span> des \u00e9tats financiers \u00e0 fair<span class=\"_ _1\"></span>e la distinction entre les changements d'es<span class=\"_ _1\"></span>timations comptables et les changements de m\u00e9thodes comptables. L<span class=\"_ _1\"></span>\u2019amendement IA<span class=\"_ _1\"></span>S 1 exige que les entit\u00e9s pr\u00e9sentent t<span class=\"_ _1\"></span>outes leurs m\u00e9thodes comptables importantes, plut\u00f4t que leurs principales m\u00e9thodes comptables. De plus, l'amendement \u00e0 IA<span class=\"_ _1\"></span>S 1 pr\u00e9cise que les<span class=\"_ _8\"></span> informations non significativ<span class=\"_ _1\"></span>es sur les m\u00e9thodes comptables ne doiv<span class=\"_ _1\"></span>ent pas \u00eatre fournies. Pour appuy<span class=\"_ _1\"></span>er ces modifications, l\u2019IASB a \u00e9galement f<span class=\"_ _1\"></span>ormul\u00e9 des directives et des e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>emples visant \u00e0 expliquer et \u00e0 illustr<span class=\"_ _1\"></span>er l\u2019application du proc<span class=\"_ _1\"></span>essus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pr<span class=\"_ _1\"></span>atique sur les IFRS 2 Making Materiality Judgements, aux informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IFRS 16 Contr<span class=\"_ _1\"></span>ats de location : Passif locatif dans le cadre d'une c<span class=\"_ _1\"></span>ession-bail<span class=\"ff19 lsf5 ws70\"> (e<span class=\"_ _8\"></span>n<span class=\"_ _8\"></span> </span>vigueur le 1er janvier 202<span class=\"_ _1\"></span>4). Les modifications e<span class=\"_ _1\"></span>xpliquent comment une entit\u00e9 comptabilise une c<span class=\"_ _1\"></span>ession-bail (sale and leaseback) apr\u00e8s la date de la tr<span class=\"_ _1\"></span>ansaction, en particulier lorsque tout ou partie des paiements de location sont de<span class=\"_ _1\"></span>s paiements de location variables qui ne d\u00e9pendent pas d'un indic<span class=\"_ _1\"></span>e ou d'un taux. Ils indiquent que, lors<span class=\"_ _8\"></span> de l'\u00e9valuation ult\u00e9rieur<span class=\"_ _1\"></span>e de l'obligation locativ<span class=\"_ _1\"></span>e, le vendeur-pr<span class=\"_ _1\"></span>eneur d\u00e9termine les \u00ab paiements au titre de la location<span class=\"_ _8\"></span> \u00bb et les<span class=\"_ _8\"></span> \u00ab paiements r\u00e9vis\u00e9s au titre de la loca<span class=\"_ _1\"></span>tion \u00bb d'une mani\u00e8re qui n'entra\u00eene pas le v<span class=\"_ _1\"></span>endeur-preneur \u00e0 comptabiliser un montant quelconque du gain ou de la pert<span class=\"_ _1\"></span>e li\u00e9 \u00e0 la droit d'usage conserv\u00e9. L<span class=\"_ _1\"></span>es gains et pertes relatifs \u00e0 la r\u00e9silia<span class=\"_ _1\"></span>tion totale ou partielle d'un bail continuent d'\u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9s lorsqu'ils surviennent car ils<span class=\"_ _8\"></span> concernent le dr<span class=\"_ _1\"></span>oit d'usage r\u00e9sili\u00e9 et non le droit d'usage c<span class=\"_ _1\"></span>onserv\u00e9.<span class=\"_ _8\"></span> La norme suivant<span class=\"_ _1\"></span>e est d\u2019application obligat<span class=\"_ _1\"></span>oire depuis l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e comptable d\u00e9butant au 1er janvier 2016 (<span class=\"_ _1\"></span>cependant elle n\u2019<span class=\"_ _1\"></span>est pas encor<span class=\"_ _1\"></span>e adopt\u00e9e par l\u2019Union europ\u00e9enne<span class=\"_ _1\"></span>). La Commission Europ\u00e9enne a d\u00e9cid\u00e9 de ne pas lanc<span class=\"_ _1\"></span>er la<span class=\"_ _8\"></span> proc\u00e9dur<span class=\"_ _1\"></span>e d\u2019appr<span class=\"_ _1\"></span>obation de cette norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e mais d\u2019attendr<span class=\"_ _1\"></span>e la norme d\u00e9finitive<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> IFRS 14 \u00ab Comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires \u00bb<span class=\"ff19\"> (da<span class=\"_ _1\"></span>te d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur : 1er janvier 2016). </span>Il s'agit d'une norme pro<span class=\"_ _1\"></span>visoire sur la c<span class=\"_ _1\"></span>omptabilisation de certains montants d\u00e9coulant d'activit\u00e9s r\u00e9glement\u00e9es par les tarifs. IFRS 14 permet aux nouveaux adoptants qui e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercent des activit\u00e9s \u00e0 tarifs r\u00e9glement\u00e9s, lorsqu\u2019ils adoptent les normes IFRS, de continuer \u00e0 r<span class=\"_ _1\"></span>econna\u00eetre les montants c<span class=\"_ _1\"></span>omptabilis\u00e9s en application des exigences de leur pr\u00e9c\u00e9dent r\u00e9f\u00e9rentiel c<span class=\"_ _1\"></span>omptable en mati\u00e8re de r\u00e9glementation des tarifs, et plus pr\u00e9cis\u00e9ment en c<span class=\"_ _1\"></span>e qui concerne la rec<span class=\"_ _1\"></span>onnaissance, l\u2019\u00e9v<span class=\"_ _1\"></span>aluation et la d\u00e9pr\u00e9ciation des comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires. La norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e fournit \u00e9galement des conseils sur le choix et la modification des m\u00e9thodes c<span class=\"_ _1\"></span>omptables (lors de la premi\u00e8re adoption ou ult\u00e9rieurement) et sur la pr\u00e9sentation et la divulga<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> 6. Segments op\u00e9r<span class=\"_ _1\"></span>ationnels<span class=\"_ _8\"></span> A. Base de la division en segments Cener<span class=\"_ _1\"></span>gy Holdings se divise en deux segments op\u00e9rationnels principaux : \u2022 <span class=\"_ _20\"> </span>C\u00e2bles ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> \u00c0 des fins de gestion, Cener<span class=\"_ _1\"></span>gy Holdings est compos\u00e9e de deux segments op\u00e9r<span class=\"_ _1\"></span>ationnels principaux, qui op\u00e8rent au sein de secteurs diff\u00e9r<span class=\"_ _1\"></span>ents. Ces segments, qui offrent diff\u00e9r<span class=\"_ _1\"></span>ents produits et services, sont g\u00e9r\u00e9s s\u00e9par\u00e9ment, car ils exigent des s<span class=\"_ _1\"></span>trat\u00e9gies mark<span class=\"_ _1\"></span>eting et technologiques diff\u00e9rent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Une telle or<span class=\"_ _1\"></span>ganisation structurelle es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e en fonction de la natur<span class=\"_ _1\"></span>e des risques et des rendements li\u00e9s \u00e0 chaque segment op\u00e9rationnel. Elle s\u2019<span class=\"_ _1\"></span>appuie sur la structure de ges<span class=\"_ _1\"></span>tion, ainsi que sur le syst\u00e8me de r<span class=\"_ _1\"></span>eporting interne. Elle repr\u00e9sent<span class=\"_ _1\"></span>e la base selon laquelle Cenergy Holdings c<span class=\"_ _1\"></span>ommunique ses informations par segments.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019analyse des segments pr\u00e9sent\u00e9e dans les pr\u00e9sents \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s est le reflet des activit\u00e9s analy<span class=\"_ _1\"></span>s\u00e9es<span class=\"_ _8\"></span> par secteur d\u2019<span class=\"_ _1\"></span>activit\u00e9. C'est la fa\u00e7on dont le principal d\u00e9cideur op\u00e9ra<span class=\"_ _1\"></span>tionnel de Cenergy Holdings e<span class=\"_ _1\"></span>xamine<span class=\"_ _8\"></span> r\u00e9guli\u00e8rement les r\u00e9sultats op\u00e9r<span class=\"_ _1\"></span>ationnels du groupe afin d'allouer des r<span class=\"_ _1\"></span>essourc<span class=\"_ _1\"></span>es aux segments et d'\u00e9valuer leurs performances. Ci-apr\u00e8s figure une br\u00e8v<span class=\"_ _1\"></span>e description des segments : \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17\">C\u00e2bles</span><span class=\"ws1\"> : Hellenic Cables, ses filiales, et Icme Ecab S.A. produisent des c\u00e2bles \u00e9lectriques, des c\u00e2bles de </span>t\u00e9l\u00e9communications et des c\u00e2bles sous-marins, ainsi que des c\u00e2bles et c<span class=\"_ _1\"></span>ompos\u00e9s \u00e9maill\u00e9s.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17 ws1\">T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"ff19\"> : Corinth Pipew<span class=\"_ _1\"></span>orks produit des tubes d\u2019<span class=\"_ _1\"></span>acier destin\u00e9s au transport de gaz natur<span class=\"_ _1\"></span>el, de p\u00e9trole et </span></span>d\u2019<span class=\"_ _1\"></span>eau hydr<span class=\"_ _1\"></span>og\u00e8ne et technologie CSS (<span class=\"_ _1\"></span>carbon capture and st<span class=\"_ _1\"></span>orage<span class=\"_ _1\"></span>), ainsi que des profil\u00e9s creux en acier des<span class=\"_ _1\"></span>tin\u00e9s<span class=\"_ _8\"></span> \u00e0 des chantiers de construction. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17 ws1\">Autres activit\u00e9s<span class=\"ff19\"> : Le segment compr<span class=\"_ _1\"></span>end les activit\u00e9s de la soci\u00e9t\u00e9 de portefeuille<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> </span></span>B. Informations sur les segments op\u00e9r<span class=\"_ _1\"></span>ationnels et rapprochements a<span class=\"_ _1\"></span>vec les mesur<span class=\"_ _1\"></span>es IFRS<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>enseignements fournis dans les tableaux ci-dessous pro<span class=\"_ _1\"></span>viennent direct<span class=\"_ _1\"></span>ement du syst\u00e8me de r<span class=\"_ _1\"></span>eporting financier<span class=\"_ _8\"></span> interne utilis\u00e9 par le Conseil Ajout<span class=\"_ _1\"></span>er (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire le principal decideur oper<span class=\"_ _1\"></span>ationnel) en vue de surveiller et d\u2019\u00e9v<span class=\"_ _1\"></span>aluer<span class=\"_ _8\"></span> s\u00e9par\u00e9ment les performances des segments op\u00e9r<span class=\"_ _1\"></span>ationnels. Les tableaux ci-dessous pr\u00e9sent<span class=\"_ _1\"></span>ent les renseignements rela<span class=\"_ _1\"></span>tifs aux r\u00e9sultats des segments op\u00e9rationnels, ainsi que des \u00e9l\u00e9ments d\u2019actif et de passif aux 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 et 20<span class=\"_ _1\"></span>21 et pour les ex<span class=\"_ _1\"></span>ercices cl\u00f4tur\u00e9s \u00e0 ces da<span class=\"_ _1\"></span>tes.<span class=\"_ _8\"></span> 2022 <span class=\"_ _82\"> </span>Segments op\u00e9rationnels <span class=\"_ _8\"></span>  <span class=\"_ _83\"> </span> <span class=\"_ _84\"> </span> <span class=\"_ _80\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _c\"> </span>Note <span class=\"_ _55\"> </span>C\u00e2bles <span class=\"_ _6e\"> </span>T<span class=\"_ _1\"></span>ubes  d\u2019<span class=\"_ _1\"></span>acier Autres<span class=\"_ _8\"></span> activit\u00e9s T<span class=\"_ _0\"></span>otal Chiffre d'affair<span class=\"_ _1\"></span>es par segment  <span class=\"_ _87\"> </span> <span class=\"_ _88\"> </span>1.520.681 <span class=\"_ _85\"> </span>679.6<span class=\"_ _1\"></span>73 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _8a\"> </span>2.200.353 Chiffre d'aff<span class=\"_ _1\"></span>aires entre segments <span class=\"_ _c\"> </span> <span class=\"_ _8b\"> </span>(556.292) <span class=\"_ _e\"> </span>(218.053) <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _72\"> </span><span class=\"ff18\">(77<span class=\"_ _1\"></span>4.345)</span> Chiffre d\u2019aff<span class=\"_ _1\"></span>aires ext<span class=\"_ _1\"></span>erne <span class=\"_ _8c\"> </span><span class=\"ff19\">7</span> <span class=\"_ _8d\"> </span>964.388 <span class=\"_ _85\"> </span>461.620 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2b\"> </span>1.426.008 Marge brute <span class=\"_ _8e\"> </span> <span class=\"_ _62\"> </span>116.875 <span class=\"_ _7d\"> </span>28.438 <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _29\"> </span>145.314 R\u00e9sultat op\u00e9rationnel <span class=\"_ _8f\"> </span> <span class=\"_ _21\"> </span>87<span class=\"_ _1\"></span>.649 <span class=\"_ _90\"> </span>14.643 <span class=\"_ _7e\"> </span>(1.932) <span class=\"_ _91\"> </span>100.360 Produits financiers <span class=\"_ _92\"> </span> <span class=\"_ _27\"> </span>261 <span class=\"_ _56\"> </span>123 <span class=\"_ _93\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _94\"> </span><span class=\"ff18\">431</span> Charges financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _95\"> </span> <span class=\"_ _96\"> </span>(25.082) <span class=\"_ _88\"> </span>(11.7<span class=\"_ _1\"></span>53) <span class=\"_ _44\"> </span>(58) <span class=\"_ _97\"> </span><span class=\"ff18\">(36.893)</span> Quote-part dans le r\u00e9sultat des entit\u00e9s mises  en \u00e9quivalenc<span class=\"_ _1\"></span>e, nette d'imp\u00f4t <span class=\"_ _98\"> </span> <span class=\"_ _99\"> </span>-  <span class=\"_ _1f\"> </span>4.<span class=\"_ _1\"></span>156 <span class=\"_ _67\"> </span>1.903 <span class=\"_ _80\"> </span><span class=\"ff18\">6.<span class=\"_ _1\"></span>059</span> B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _9a\"> </span> <span class=\"_ _21\"> </span>62.827 <span class=\"_ _21\"> </span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>168 <span class=\"_ _9b\"> </span>(39) <span class=\"_ _35\"> </span>69.957 Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _9c\"> </span> <span class=\"_ _9d\"> </span>(13.<span class=\"_ _1\"></span>199) <span class=\"_ _9d\"> </span>3.663 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _29\"> </span><span class=\"ff18\">(9.536)</span> B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) de l'ex<span class=\"_ _1\"></span>ercice <span class=\"_ _9e\"> </span> <span class=\"_ _86\"> </span>49.628 <span class=\"_ _9f\"> </span>10.831 <span class=\"_ _9b\"> </span>(39) <span class=\"_ _5f\"> </span>60.420 Amortissements <span class=\"_ _a2\"> </span> <span class=\"_ _a3\"> </span>(18.06<span class=\"_ _1\"></span>1) <span class=\"_ _53\"> </span>(9.<span class=\"_ _1\"></span>136) <span class=\"_ _a4\"> </span>(14) <span class=\"_ _5f\"> </span><span class=\"ff18\">(2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.211)</span> Actifs par segment <span class=\"_ _a5\"> </span> <span class=\"_ _90\"> </span>1.0<span class=\"_ _1\"></span>33.712 <span class=\"_ _a6\"> </span>633.7<span class=\"_ _1\"></span>66 <span class=\"_ _68\"> </span>31.26<span class=\"_ _1\"></span>7 <span class=\"_ _4d\"> </span><span class=\"ff18\">1.698.7<span class=\"_ _0\"></span>45</span> Actifs non c<span class=\"_ _1\"></span>ourants ex<span class=\"_ _1\"></span>cept\u00e9 imp\u00f4t diff\u00e9r\u00e9 et instruments financiers <span class=\"_ _a7\"> </span> <span class=\"_ _80\"> </span>37<span class=\"_ _0\"></span>4.845 <span class=\"_ _a8\"> </span>206.062 <span class=\"_ _53\"> </span>23.532 <span class=\"_ _a9\"> </span><span class=\"ff18\">604.439</span> Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _4a\"> </span> <span class=\"_ _99\"> </span>-  <span class=\"_ _90\"> </span>17<span class=\"_ _1\"></span>.468 <span class=\"_ _7e\"> </span>23.490 <span class=\"_ _88\"> </span><span class=\"ff18 ls92 ws61\">40.959</span> Passifs par segment <span class=\"_ _aa\"> </span> <span class=\"_ _a3\"> </span>86<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.22<span class=\"_ _1\"></span>4 <span class=\"_ _a8\"> </span>489.442 <span class=\"_ _ab\"> </span>448 <span class=\"_ _ac\"> </span><span class=\"ff18\">1.357<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>114</span> D\u00e9penses d'inv<span class=\"_ _1\"></span>estissement <span class=\"_ _9e\"> </span>17<span class=\"_ _3c\"></span>/19 <span class=\"_ _44\"> </span>71.245 <span class=\"_ _67\"> </span>7<span class=\"_ _0\"></span>.762 <span class=\"_ _89\"> </span>1 <span class=\"_ _88\"> </span><span class=\"ff18\">79.<span class=\"_ _1\"></span>009</span>2021 <span class=\"_ _b0\"> </span>Segments op\u00e9rationnels  <span class=\"_ _83\"> </span> <span class=\"_ _84\"> </span> <span class=\"_ _80\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _c\"> </span>Note <span class=\"_ _55\"> </span>C\u00e2bles T<span class=\"_ _1\"></span>ubes d\u2019acier Autres<span class=\"_ _8\"></span> activit\u00e9s T<span class=\"_ _0\"></span>otal Chiffre d'affair<span class=\"_ _1\"></span>es par segment  <span class=\"_ _87\"> </span> <span class=\"_ _88\"> </span>1.354.<span class=\"_ _1\"></span>164 <span class=\"_ _6d\"> </span>242.941 <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _6a\"> </span>1.597<span class=\"_ _0\"></span>.104 Chiffre d'aff<span class=\"_ _1\"></span>aires entre segments <span class=\"_ _c\"> </span> <span class=\"_ _5f\"> </span>(529.8<span class=\"_ _1\"></span>73) <span class=\"_ _28\"> </span>(13.028) <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2a\"> </span><span class=\"ff18\">(542.901)</span> <span class=\"ff18\">Chiffre d\u2019aff<span class=\"_ _1\"></span>aires ext<span class=\"_ _1\"></span>erne <span class=\"_ _8c\"> </span><span class=\"ff19\">7</span> <span class=\"_ _b1\"> </span>824.291 <span class=\"_ _6d\"> </span>229.913 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _72\"> </span>1.054.203</span> Marge brute <span class=\"_ _8e\"> </span> <span class=\"_ _4f\"> </span>92.521 <span class=\"_ _80\"> </span>16.<span class=\"_ _1\"></span>152 <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _ac\"> </span>108.673 R\u00e9sultat op\u00e9rationnel <span class=\"_ _8f\"> </span> <span class=\"_ _67\"> </span>66.425 <span class=\"_ _7e\"> </span>(6.881) <span class=\"_ _90\"> </span>(1.901) <span class=\"_ _7d\"> </span>57<span class=\"_ _0\"></span>.642 Produits financiers <span class=\"_ _92\"> </span> <span class=\"_ _4e\"> </span>201 <span class=\"_ _93\"> </span>27 <span class=\"_ _41\"> </span>36 <span class=\"_ _b2\"> </span><span class=\"ff18\">264</span> Charges financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _95\"> </span> <span class=\"_ _68\"> </span>(21.7<span class=\"_ _1\"></span>40) <span class=\"_ _69\"> </span>(7<span class=\"_ _0\"></span>.505) <span class=\"_ _7f\"> </span>(4) <span class=\"_ _97\"> </span><span class=\"ff18\">(29<span class=\"_ _1\"></span>.249)</span> Quote-part dans le r\u00e9sultat des entit\u00e9s mises  en \u00e9quivalenc<span class=\"_ _1\"></span>e, nette d'imp\u00f4t <span class=\"_ _98\"> </span> <span class=\"_ _99\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _ab\"> </span>419 <span class=\"_ _67\"> </span>1.436 <span class=\"_ _62\"> </span><span class=\"ff18\">1.855</span> B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _9a\"> </span> <span class=\"_ _67\"> </span>44.886 <span class=\"_ _ac\"> </span>(13.940) <span class=\"_ _a3\"> </span>(433) <span class=\"_ _96\"> </span>30<span class=\"_ _1\"></span>.513 Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _9c\"> </span> <span class=\"_ _67\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>70) <span class=\"_ _9d\"> </span>(764) <span class=\"_ _3f\"> </span>- <span class=\"_ _b3\"> </span>(8.434) B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) de l'ex<span class=\"_ _1\"></span>ercice <span class=\"_ _9e\"> </span> <span class=\"_ _44\"> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.216 <span class=\"_ _ac\"> </span>(14.<span class=\"_ _1\"></span>704) <span class=\"_ _1f\"> </span>(433) <span class=\"_ _35\"> </span>22.079 Amortissements <span class=\"_ _a2\"> </span> <span class=\"_ _9f\"> </span>(16.849) <span class=\"_ _b3\"> </span>(8.850) <span class=\"_ _7f\"> </span>(6) <span class=\"_ _97\"> </span><span class=\"ff18\">(25.7<span class=\"_ _1\"></span>05)</span> Actifs par segment <span class=\"_ _a5\"> </span> <span class=\"_ _68\"> </span>778.654 <span class=\"_ _b3\"> </span>397<span class=\"_ _0\"></span>.801 <span class=\"_ _7d\"> </span>29.496 <span class=\"_ _2c\"> </span><span class=\"ff18\">1.205.950</span> Actifs non c<span class=\"_ _1\"></span>ourants ex<span class=\"_ _1\"></span>cept\u00e9 imp\u00f4t diff\u00e9r\u00e9 et instruments financiers <span class=\"_ _a7\"> </span> <span class=\"_ _80\"> </span>323.632 <span class=\"_ _35\"> </span>204.<span class=\"_ _1\"></span>121 <span class=\"_ _53\"> </span>22.023 <span class=\"_ _91\"> </span><span class=\"ff18 ls11 ws5b\">54<span class=\"_ _8\"></span>9.776</span> Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _4a\"> </span> <span class=\"_ _99\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _7e\"> </span>14.429 <span class=\"_ _7d\"> </span>22.<span class=\"_ _1\"></span>002 <span class=\"_ _53\"> </span><span class=\"ff18\">36.431</span> Passifs par segment <span class=\"_ _aa\"> </span> <span class=\"_ _9d\"> </span>661.337 <span class=\"_ _a8\"> </span>266.445 <span class=\"_ _34\"> </span>627 <span class=\"_ _a9\"> </span><span class=\"ff18\">928.409</span> D\u00e9penses d'inv<span class=\"_ _1\"></span>estissement <span class=\"_ _9e\"> </span>17<span class=\"_ _3c\"></span>/19 <span class=\"_ _21\"> </span>34.988 <span class=\"_ _1f\"> </span>9.549 <span class=\"_ _4e\"> </span> - <span class=\"_ _69\"> </span><span class=\"ff18\">44.538 </span>C. Informations g\u00e9ogr<span class=\"_ _1\"></span>aphiques<span class=\"_ _8\"></span> Les segments de Cener<span class=\"_ _1\"></span>gy Holdings sont g\u00e9r\u00e9s \u00e0 l\u2019\u00e9chelle mondiale, mais op\u00e8rent depuis les sit<span class=\"_ _1\"></span>es de production et bureaux de v<span class=\"_ _1\"></span>ente principalement situ\u00e9s en Gr\u00e8ce<span class=\"_ _1\"></span>, en Roumanie, en Bulgarie et aux \u00c9tats-Unis. Les informations sur les segments ci-des<span class=\"_ _1\"></span>sous sont bas\u00e9es sur le chiffre d\u2019aff<span class=\"_ _1\"></span>aires par segment g\u00e9n\u00e9r\u00e9 av<span class=\"_ _1\"></span>ec des clients ext<span class=\"_ _1\"></span>ernes, class\u00e9 par pay<span class=\"_ _1\"></span>s de domicile des clients, et sur les actifs par segment regroup\u00e9s selon leur localisation g\u00e9ographique<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _b4\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Chiffre d'affair<span class=\"_ _1\"></span>es <span class=\"_ _b5\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _82\"> </span>22.6<span class=\"_ _1\"></span>90 <span class=\"_ _b7\"> </span>12.846 Gr\u00e8ce <span class=\"_ _b8\"> </span> 435.57<span class=\"_ _1\"></span>8 <span class=\"_ _b9\"> </span>353.658 Allemagne <span class=\"_ _ba\"> </span>150.559 <span class=\"_ _bb\"> </span>149.328 Roumanie <span class=\"_ _bc\"> </span>50.558 <span class=\"_ _bd\"> </span>43.819 Ro<span class=\"_ _1\"></span>yaume-Uni <span class=\"_ _b5\"> </span>139.906 <span class=\"_ _be\"> </span>77<span class=\"_ _1\"></span>.803 Autres pa<span class=\"_ _1\"></span>ys de l'Union europ\u00e9enne <span class=\"_ _bf\"> </span>202.7<span class=\"_ _1\"></span>81 <span class=\"_ _c0\"> </span>219.<span class=\"_ _1\"></span>192 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _c1\"> </span>37<span class=\"_ _0\"></span>.592 <span class=\"_ _c0\"> </span>43.922 Asie <span class=\"_ _c2\"> </span> 109.84<span class=\"_ _1\"></span>7 <span class=\"_ _c3\"> </span>124.68<span class=\"_ _1\"></span>7 Am\u00e9riques <span class=\"_ _c4\"> </span> 262.810 <span class=\"_ _be\"> </span>25.47<span class=\"_ _1\"></span>5 Afrique <span class=\"_ _c5\"> </span> 7<span class=\"_ _1\"></span>.998 <span class=\"_ _c6\"> </span>3.4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Oc\u00e9anie <span class=\"_ _c7\"> </span> 5.690 <span class=\"_ _c8\"> </span>-  T<span class=\"_ _0\"></span>otal <span class=\"_ _c9\"> </span> 1.426.008 <span class=\"_ _ca\"> </span>1.054.203 L<span class=\"_ _1\"></span>\u2019information g\u00e9ographique ci-des<span class=\"_ _1\"></span>sous pr\u00e9sente le d\u00e9tail des actifs non cour<span class=\"_ _1\"></span>ants consolid\u00e9s par pays de domicile de la Soci\u00e9t\u00e9 et autres pa<span class=\"_ _1\"></span>ys. Dans l\u2019information g\u00e9ogr<span class=\"_ _1\"></span>aphique pr\u00e9sent\u00e9e, les actifs par segment sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leur localisation g\u00e9ographique<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _cc\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>-  Gr\u00e8ce  <span class=\"_ _c7\"> </span>492.228 <span class=\"_ _cd\"> </span>450.631 Autre  <span class=\"_ _ce\"> </span>33.928 <span class=\"_ _be\"> </span>25.827 T<span class=\"_ _0\"></span>otal  <span class=\"_ _cf\"> </span>526.<span class=\"_ _1\"></span>156 <span class=\"_ _d0\"> </span>47<span class=\"_ _1\"></span>6.458 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _d1\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _d2\"> </span>15 <span class=\"_ _d3\"> </span>21 Gr\u00e8ce <span class=\"_ _d4\"> </span>2.34<span class=\"_ _1\"></span>7 <span class=\"_ _c6\"> </span>2.0<span class=\"_ _1\"></span>78 Autre <span class=\"_ _d2\"> </span>1.40<span class=\"_ _1\"></span>2 <span class=\"_ _d5\"> </span>1.37<span class=\"_ _1\"></span>0 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _d7\"> </span>3.469 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Immobilisations incorpor<span class=\"_ _1\"></span>elles  <span class=\"_ _d8\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _73\"> </span>-  <span class=\"_ _d9\"> </span>-  Gr\u00e8ce <span class=\"_ _da\"> </span>30.36<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>29.7<span class=\"_ _0\"></span>42 Autre <span class=\"_ _d2\"> </span>1.590 <span class=\"_ _dc\"> </span>1.512 T<span class=\"_ _0\"></span>otal <span class=\"_ _d4\"> </span>31.95<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>31.254 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Biens immobiliers de placements <span class=\"_ _dd\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _73\"> </span>-  <span class=\"_ _d9\"> </span>- Gr\u00e8ce <span class=\"_ _de\"> </span>155 <span class=\"_ _df\"> </span>764 Autre <span class=\"_ _e0\"> </span>-  <span class=\"_ _d9\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _e1\"> </span>155 <span class=\"_ _e2\"> </span>764 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Additions aux immobilisations c<span class=\"_ _1\"></span>orporelles et incorpor<span class=\"_ _1\"></span>elles<span class=\"_ _7\"></span>  et aux actifs au titre du droit d\u2019utilisa<span class=\"_ _1\"></span>tion  <span class=\"_ _66\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique  <span class=\"_ _e3\"> </span>-  <span class=\"_ _d9\"> </span>-  Gr\u00e8ce  <span class=\"_ _cf\"> </span>68.785 <span class=\"_ _db\"> </span>42.510 Autre  <span class=\"_ _e4\"> </span>11.820 <span class=\"_ _c6\"> </span>2.937 T<span class=\"_ _0\"></span>otal  <span class=\"_ _e5\"> </span>80.605 <span class=\"_ _e6\"> </span>45.4467<span class=\"_ _0\"></span>. Chiffre d'aff<span class=\"_ _1\"></span>aires A. Principales m\u00e9thodes comptables Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur la base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client, \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>clusion des sommes per\u00e7ues pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la v<span class=\"_ _1\"></span>ente lorsqu'elle transf\u00e8r<span class=\"_ _1\"></span>e le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. Pour la m\u00e9thode comptable d\u00e9taill\u00e9e, v<span class=\"_ _1\"></span>oir la note 5.3. B. Nature des biens et servic<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Projets de tubes d\u2019acier Corinth Pipe<span class=\"_ _1\"></span>works produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s principalement des<span class=\"_ _1\"></span>tin\u00e9s aux pipelines onshore et offshore pour le tr<span class=\"_ _1\"></span>ansport du p\u00e9trole, du gaz et de l\u2019h<span class=\"_ _1\"></span>ydr<span class=\"_ _1\"></span>og\u00e8ne, ainsi que du CSC (captur<span class=\"_ _1\"></span>e et stockage du carbone<span class=\"_ _1\"></span>)<span class=\"_ _8\"></span> et des tubes de for<span class=\"_ _1\"></span>age. Conform\u00e9ment aux clauses des contr<span class=\"_ _1\"></span>ats et en raison du degr\u00e9 \u00e9le<span class=\"_ _1\"></span>v\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du<span class=\"_ _8\"></span> cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la dat<span class=\"_ _1\"></span>e consid\u00e9r\u00e9e si le contra<span class=\"_ _1\"></span>t est r\u00e9sili\u00e9 par le client ou une autre partie pour des r<span class=\"_ _1\"></span>aisons autres que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par cons\u00e9quent, est c<span class=\"_ _1\"></span>omptabilis\u00e9 progr<span class=\"_ _1\"></span>essivement. Sections structurelles creuses Ces pr<span class=\"_ _1\"></span>oduits en acier sont principalement utilis\u00e9s dans le secteur de la construction et c<span class=\"_ _1\"></span>omme composantes structur<span class=\"_ _1\"></span>elles des constructions m\u00e9talliques. En ce qui c<span class=\"_ _1\"></span>oncerne la vent<span class=\"_ _1\"></span>e de ces produits, la v<span class=\"_ _1\"></span>ente est comptabilis\u00e9e au moment o\u00f9 le contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. Projets li\u00e9s aux c\u00e2bles Dans le segment C\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent des syst\u00e8mes de c\u00e2bles \u00ab cl\u00e9 en main \u00bb, ce qui implique la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles complets. En outr<span class=\"_ _1\"></span>e, les produits personnalis\u00e9s sont fabriqu\u00e9s pour les conne<span class=\"_ _1\"></span>xions au r\u00e9seau, les parcs \u00e9oliens offshor<span class=\"_ _1\"></span>e/<span class=\"_ _1\"></span>onshor<span class=\"_ _1\"></span>e et d\u2019autres pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> d\u2019\u00e9lectricit\u00e9. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alt<span class=\"_ _1\"></span>ernative<span class=\"_ _1\"></span>, \u00e9tant donn\u00e9 qu\u2019ils sont produits sur la base du cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la date c<span class=\"_ _1\"></span>onsid\u00e9r\u00e9e si le contrat es<span class=\"_ _1\"></span>t r\u00e9sili\u00e9 par le client ou une autre partie pour des raisons autr<span class=\"_ _1\"></span>es que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par c<span class=\"_ _1\"></span>ons\u00e9quent, est comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement. La dur\u00e9e typique d'un contr<span class=\"_ _1\"></span>at pour des projets cl\u00e9 en main d\u00e9passe 12 mois. Pour les projets cl\u00e9s en main, le Gr<span class=\"_ _1\"></span>oupe comptabilise s\u00e9par\u00e9ment les pr<span class=\"_ _1\"></span>oduits et services s'ils sont distincts - c'est -\u00e0- dir<span class=\"_ _1\"></span>e si<span class=\"_ _8\"></span> un produit ou servic<span class=\"_ _1\"></span>e est identifiable s\u00e9par\u00e9ment des autres \u00e9l\u00e9ments des c<span class=\"_ _1\"></span>ontrats et si un client peut en b\u00e9n\u00e9ficier<span class=\"_ _1\"></span>. C\u00e2bles d\u2019alimenta<span class=\"_ _1\"></span>tions et de t\u00e9l\u00e9communications Les pr<span class=\"_ _1\"></span>oduits principaux de cette cat\u00e9gorie sont les c\u00e2bles d\u2019<span class=\"_ _1\"></span>alimentations et les conducteurs a\u00e9riens destin\u00e9s aux r\u00e9seaux de distribution d'\u00e9lectricit\u00e9 des op\u00e9r<span class=\"_ _1\"></span>ateurs du secteur<span class=\"_ _1\"></span>, des servic<span class=\"_ _1\"></span>es aux collectivit\u00e9s, aux applications industrielles, aux applications d\u2019\u00e9ner<span class=\"_ _1\"></span>gie renouv<span class=\"_ _1\"></span>elable, aux r\u00e9seaux de transport ferr<span class=\"_ _1\"></span>oviair<span class=\"_ _1\"></span>e et au b\u00e2timent. Cette cat\u00e9gorie inclut \u00e9galement les c\u00e2bles de t\u00e9l\u00e9communications, de tr<span class=\"_ _1\"></span>ansmission de donn\u00e9es, les c\u00e2bles \u00e0 fibre optique et les c\u00e2bles de signalisation. En ce qui c<span class=\"_ _1\"></span>oncerne ces pr<span class=\"_ _1\"></span>oduits, la vente en est c<span class=\"_ _1\"></span>omptabilis\u00e9e au moment o\u00f9 le<span class=\"_ _8\"></span> contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. C. V<span class=\"_ _1\"></span>entilation du chiffr<span class=\"_ _1\"></span>e d\u2019affaires Au tableau suiv<span class=\"_ _1\"></span>ant, le chiffre d'affair<span class=\"_ _1\"></span>es est ventil\u00e9 par mar<span class=\"_ _1\"></span>ch\u00e9 g\u00e9ographique primair<span class=\"_ _1\"></span>e, lignes principales de produits et services ainsi que le moment de cons<span class=\"_ _1\"></span>tatation de la vent<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le tableau compr<span class=\"_ _1\"></span>end un rappr<span class=\"_ _1\"></span>ochement av<span class=\"_ _1\"></span>ec les segments d\u00e9finis du Groupe (v<span class=\"_ _1\"></span>oir note 6) :<span class=\"_ _8\"></span> March\u00e9s g\u00e9ogr<span class=\"_ _1\"></span>aphiques primaires<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _67\"> </span>2022 <span class=\"_ _80\"> </span>2021 Gr\u00e8ce <span class=\"_ _eb\"> </span>38.620 <span class=\"_ _80\"> </span>21.5<span class=\"_ _1\"></span>70 <span class=\"_ _69\"> </span>396.958 <span class=\"_ _ec\"> </span>332.088 <span class=\"_ _28\"> </span>435.5<span class=\"_ _1\"></span>78 <span class=\"_ _6c\"> </span>353.658 Autres pa<span class=\"_ _1\"></span>ys de l'Union europ\u00e9enne <span class=\"_ _ed\"> </span>128.09<span class=\"_ _1\"></span>7 <span class=\"_ _90\"> </span>134.361 <span class=\"_ _90\"> </span>298.491 <span class=\"_ _a9\"> </span>290.82<span class=\"_ _1\"></span>4 <span class=\"_ _85\"> </span>426.587 <span class=\"_ _ac\"> </span>425.185 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _ee\"> </span>28.644 <span class=\"_ _ef\"> </span>16.360 <span class=\"_ _90\"> </span>148.854 <span class=\"_ _a8\"> </span>105.366 <span class=\"_ _b3\"> </span>177<span class=\"_ _1\"></span>.498 <span class=\"_ _a6\"> </span>121.725 Etats-Unis <span class=\"_ _f0\"> </span>253.255 <span class=\"_ _80\"> </span>16.7<span class=\"_ _1\"></span>92 <span class=\"_ _4f\"> </span>9.555 <span class=\"_ _9f\"> </span>8.683 <span class=\"_ _8b\"> </span>262.810 <span class=\"_ _5f\"> </span>25.4<span class=\"_ _1\"></span>75 Reste du monde <span class=\"_ _f1\"> </span>13.004 <span class=\"_ _7e\"> </span>40.830 <span class=\"_ _1f\"> </span>110.531 <span class=\"_ _88\"> </span>87<span class=\"_ _1\"></span>.330 <span class=\"_ _b3\"> </span>123.535 <span class=\"_ _29\"> </span>128.160  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2c\"> </span>1.426.008 <span class=\"_ _f3\"> </span>1.054.203Principales lignes de produits et services<span class=\"_ _8\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _f4\"> </span>2022 <span class=\"_ _b1\"> </span>2021 Projets de tubes d\u2019<span class=\"_ _1\"></span>acier <span class=\"_ _f5\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _a9\"> </span>375.8<span class=\"_ _1\"></span>70 <span class=\"_ _ec\"> </span>142.234 Sections structurelles cr<span class=\"_ _1\"></span>euses <span class=\"_ _f8\"> </span>57<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>136 <span class=\"_ _80\"> </span>61.477 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _90\"> </span>57<span class=\"_ _0\"></span>.136 <span class=\"_ _69\"> </span>61.4<span class=\"_ _1\"></span>77 Projets li\u00e9s aux c\u00e2bles <span class=\"_ _f9\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7e\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79 <span class=\"_ _5f\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a9\"> </span>273.57<span class=\"_ _1\"></span>9 C\u00e2bles d\u2019alimentations et de  t\u00e9l\u00e9communications et t\u00e9l\u00e9communica<span class=\"_ _1\"></span>tion <span class=\"_ _fa\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7d\"> </span>56<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.519 <span class=\"_ _a9\"> </span>442.825 <span class=\"_ _b3\"> </span>567<span class=\"_ _0\"></span>.519 <span class=\"_ _6c\"> </span>442.825 Autres (fils, ma<span class=\"_ _1\"></span>ti\u00e8res premi\u00e8r<span class=\"_ _1\"></span>es,  marchandises, et<span class=\"_ _1\"></span>c.) <span class=\"_ _fb\"> </span>28.614 <span class=\"_ _53\"> </span>26.202 <span class=\"_ _8d\"> </span>107<span class=\"_ _0\"></span>.687 <span class=\"_ _28\"> </span>107<span class=\"_ _0\"></span>.886 <span class=\"_ _f6\"> </span>136.301 <span class=\"_ _a9\"> </span>134.088  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _fc\"> </span>1.426.008 <span class=\"_ _8a\"> </span>1.054.203Moment de la constata<span class=\"_ _1\"></span>tion des rev<span class=\"_ _1\"></span>enus<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _f4\"> </span>2021<span class=\"fc6 sc0\"> </span><span class=\"_ _62\"> </span>2022 <span class=\"_ _a3\"> </span>20<span class=\"_ _1\"></span>21 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus \u00e0 un moment donn\u00e9 <span class=\"_ _fd\"> </span>85.7<span class=\"_ _1\"></span>50 <span class=\"_ _9f\"> </span>87<span class=\"_ _0\"></span>.679 <span class=\"_ _69\"> </span>675.206 <span class=\"_ _85\"> </span>550.<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>12<span class=\"fc6 sc0\"> </span><span class=\"_ _ac\"> </span>760.956 <span class=\"_ _ac\"> </span>638.391 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus progressiv<span class=\"_ _1\"></span>ement <span class=\"_ _fe\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _8d\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79<span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span>665.<span class=\"_ _1\"></span>052 <span class=\"_ _a6\"> </span>415.813  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2d\"> </span>1.426.008 <span class=\"_ _52\"> </span>1.054.203Le chiffr<span class=\"_ _1\"></span>e d'affaires a augment\u00e9 de 35 % en glis<span class=\"_ _1\"></span>sement annuel pour atteindre 1.<span class=\"_ _1\"></span>426 millions d'euros. T<span class=\"_ _0\"></span>outes les usines de c\u00e2bles ont fonctionn\u00e9 \u00e0 une capacit\u00e9 de pr<span class=\"_ _1\"></span>oduction proche de la pleine capacit\u00e9 tout au long de l'ann\u00e9e, c<span class=\"_ _1\"></span>e qui<span class=\"_ _8\"></span> a permis d\u2019augment<span class=\"_ _1\"></span>er les rev<span class=\"_ _1\"></span>enus du segment de 17 % (+6 % dans les projets de c\u00e2bles et +28 % dans les pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> d\u2019alimentations et de t\u00e9l\u00e9c<span class=\"_ _1\"></span>ommunications), tandis que les tubes d\u2019acier ont plus que doubl\u00e9 leur chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es par rapport \u00e0 20<span class=\"_ _1\"></span>21. Dans le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, envir<span class=\"_ _1\"></span>on les deux tiers de la variation des v<span class=\"_ _1\"></span>entes sont attribuables \u00e0 une augmentation du v<span class=\"_ _1\"></span>olume des ventes, tandis que le r<span class=\"_ _1\"></span>este est at<span class=\"_ _1\"></span>tribuable \u00e0 l'effet de l'augmentation des prix de l'acier (le prix moy<span class=\"_ _1\"></span>en de l'acier en 2022 \u00e9tait sup\u00e9rieur de 22 % \u00e0 celui de 20<span class=\"_ _1\"></span>21).<span class=\"_ _8\"></span> Le chiffr<span class=\"_ _1\"></span>e d'affaires qui de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 \u00e0 l'av<span class=\"_ _1\"></span>enir pour les obligations de prestation qui ne sont pas remplies (<span class=\"_ _1\"></span>ou que partiellement remplies<span class=\"_ _1\"></span>) \u00e0 la date de cl\u00f4ture s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 525,6 millions d'eur<span class=\"_ _1\"></span>os. Un montant de 463,4 millions d'euros de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 au cours de l'ann\u00e9e 2023, tandis que le montant de 62,2 millions d'eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait \u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9 au cours des p\u00e9riodes \u00e0 partir de 2024 sur la base des calendriers inclus dans les c<span class=\"_ _1\"></span>ontrats ouverts au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, dont les dur\u00e9es initiales pr\u00e9vues d\u00e9pas<span class=\"_ _1\"></span>saient un an et la comptabilisation des vent<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait d\u00e9but\u00e9 en 2022 ou lors de p\u00e9riodes ant\u00e9rieures. D<span class=\"_ _1\"></span>. Soldes des contrats Le tableau suiv<span class=\"_ _1\"></span>ant fournit des informations sur les actifs et passifs sur c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ff\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _21\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _100\"> </span>195.481 <span class=\"_ _101\"> </span>98.217 Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _102\"> </span>118.669 <span class=\"_ _c0\"> </span>35.898 Parmi lesquels : passifs sur c<span class=\"_ _1\"></span>ontrats \u00e0 long terme <span class=\"_ _103\"> </span>9.<span class=\"_ _1\"></span>889 <span class=\"_ _c6\"> </span>9.<span class=\"_ _1\"></span>889Les v<span class=\"_ _1\"></span>ariations importantes des actifs et passifs sur contr<span class=\"_ _1\"></span>ats au cours de la p\u00e9riode se pr\u00e9sentent c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _104\"> </span>Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _5b\"> </span>Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _105\"> </span>2022 2021 <span class=\"_ _52\"> </span>2022 <span class=\"_ _106\"> </span>2021 Solde d'ouvertur<span class=\"_ _1\"></span>e <span class=\"_ _107\"> </span>98.217 <span class=\"_ _108\"> </span>64.875 <span class=\"_ _71\"> </span>3<span class=\"_ _1\"></span>5.898 <span class=\"_ _4f\"> </span>40<span class=\"_ _1\"></span>.085 Rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s qui \u00e9taient inclus dans le  solde des passifs sur contr<span class=\"_ _1\"></span>ats \u00e0 l'ouvertur<span class=\"_ _1\"></span>e de la p\u00e9riode <span class=\"_ _b7\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _21\"> </span>(24.223) <span class=\"_ _86\"> </span>(19.<span class=\"_ _1\"></span>727) Augmentations dues \u00e0 l'encaissement, \u00e0 l'e<span class=\"_ _1\"></span>xclusion des  montants comptabilis\u00e9s en r<span class=\"_ _1\"></span>evenus au c<span class=\"_ _1\"></span>ours de la p\u00e9riode <span class=\"_ _10a\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _4f\"> </span>106.994 <span class=\"_ _34\"> </span>15.542 T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansferts des actifs sur contr<span class=\"_ _1\"></span>at comptabilis\u00e9s au  d\u00e9but de la p\u00e9riode vers les cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _10b\"> </span>(69.<span class=\"_ _1\"></span>171) <span class=\"_ _ef\"> </span>(57<span class=\"_ _0\"></span>.268) <span class=\"_ _e8\"> </span>-  <span class=\"_ _5c\"> </span>-  Augmentations r\u00e9sultant de changements dans  la mesure du pr<span class=\"_ _1\"></span>ogr\u00e8s <span class=\"_ _e7\"> </span>166.<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>4 <span class=\"_ _86\"> </span>90.784 <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Ecarts de change <span class=\"_ _10c\"> </span>(454) <span class=\"_ _99\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _10d\"> </span>(2) Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _8e\"> </span>(12) <span class=\"_ _10e\"> </span>(175) <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _10f\"> </span>127 <span class=\"_ _99\"> </span>-  <span class=\"_ _110\"> </span>-  <span class=\"_ _5c\"> </span>-  Solde de cl\u00f4ture <span class=\"_ _111\"> </span>195.481 <span class=\"_ _112\"> </span>98.217 <span class=\"_ _113\"> </span>118.669 <span class=\"_ _44\"> </span>35.898Les actifs sur contr<span class=\"_ _1\"></span>ats ont augment\u00e9 de 97<span class=\"_ _0\"></span>,3 millions d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021. C<span class=\"_ _1\"></span>ette augmentation est attribu\u00e9e \u00e0 la f<span class=\"_ _1\"></span>ois au segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier (38,8 millions d\u2019eur<span class=\"_ _1\"></span>os) en r<span class=\"_ _1\"></span>aison de la croissance des activit\u00e9s li\u00e9es aux projets et au segment C\u00e2bles (58,5 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os) en raison du calendrier de f<span class=\"_ _1\"></span>acturation des pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> sp\u00e9cifiques en cours pour lesquels la pr<span class=\"_ _1\"></span>oduction a commenc\u00e9 au cours du deuxi\u00e8me semestr<span class=\"_ _1\"></span>e de l\u2019ann\u00e9e. Les passifs sur c<span class=\"_ _1\"></span>ontrat se r<span class=\"_ _1\"></span>apportent essentiellement \u00e0 l\u2019a<span class=\"_ _1\"></span>vance de c<span class=\"_ _1\"></span>ontrepartie re\u00e7ue de la part de clients pour la fabrication de pr<span class=\"_ _1\"></span>oduits sur mesure ou de pr<span class=\"_ _1\"></span>ojets d\u2019\u00e9nergie dont le chiffre d\u2019<span class=\"_ _1\"></span>affair<span class=\"_ _1\"></span>es est comptabilis\u00e9 progr<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>ement. Les passifs sur contr<span class=\"_ _1\"></span>at qui devr<span class=\"_ _1\"></span>aient \u00eatre r\u00e9gl\u00e9s dans un d\u00e9lai de plus d'un an sont class\u00e9s comme passifs non cour<span class=\"_ _1\"></span>ants (9.889 milliers d'eur<span class=\"_ _1\"></span>os au 31 d\u00e9cembre 2021). L<span class=\"_ _1\"></span>e passif sur contra<span class=\"_ _1\"></span>t a augment\u00e9 de 82,5 millions<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021, principalement en r<span class=\"_ _1\"></span>aison des acomptes r<span class=\"_ _1\"></span>e\u00e7us \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice pour l\u2019<span class=\"_ _1\"></span>ex\u00e9cution de pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques de tubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> E. Co\u00fbts des contr<span class=\"_ _1\"></span>ats La Direction s'at<span class=\"_ _1\"></span>tend \u00e0 ce que les char<span class=\"_ _1\"></span>ges, commissions et autres fr<span class=\"_ _1\"></span>ais associ\u00e9s \u00e0 l'obtention de c<span class=\"_ _1\"></span>ontrats pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie soient rec<span class=\"_ _1\"></span>ouvrables. Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 les frais engag\u00e9s pour l'obt<span class=\"_ _1\"></span>ention d'un<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>at de 236 milliers d\u2019<span class=\"_ _1\"></span>euros comme fr<span class=\"_ _1\"></span>ais contractuels au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 389 milliers d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> En outre<span class=\"_ _1\"></span>, les co\u00fbts pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat sont capitalis\u00e9s s'ils sont dir<span class=\"_ _1\"></span>ectement associ\u00e9s au contr<span class=\"_ _1\"></span>at et<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables. Ces c<span class=\"_ _1\"></span>o\u00fbts de contrats peuv<span class=\"_ _1\"></span>ent inclure les mat\u00e9riaux utilis\u00e9s pour les t<span class=\"_ _1\"></span>ests n\u00e9cessair<span class=\"_ _1\"></span>es \u00e0 la production, les co\u00fbts de main-d'\u0153uvr<span class=\"_ _1\"></span>e, les frais d'assur<span class=\"_ _1\"></span>ance et autr<span class=\"_ _1\"></span>es co\u00fbts n\u00e9cessair<span class=\"_ _1\"></span>es pour remplir les obligations de pres<span class=\"_ _1\"></span>tation d'un contrat une f<span class=\"_ _1\"></span>ois qu'il est obtenu, mais av<span class=\"_ _1\"></span>ant de transf\u00e9r<span class=\"_ _1\"></span>er le contr\u00f4le des biens ou de rendr<span class=\"_ _1\"></span>e des services au client. Les fr<span class=\"_ _1\"></span>ais engag\u00e9s pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat les 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021 \u00e9taient nuls. Par cons\u00e9quent, le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 comme c<span class=\"_ _1\"></span>o\u00fbts des contrats un montant de 236 milliers d'euros, dont un montant de 222 milliers d'eur<span class=\"_ _1\"></span>os est class\u00e9 comme actifs non c<span class=\"_ _1\"></span>ourants. Les co\u00fbts des c<span class=\"_ _1\"></span>ontrats li\u00e9s \u00e0 l'obtention ou \u00e0 l'e<span class=\"_ _1\"></span>x\u00e9cution d'un contr<span class=\"_ _1\"></span>at sont pass\u00e9s en charges du c<span class=\"_ _1\"></span>o\u00fbt des ventes lorsque les produits c<span class=\"_ _1\"></span>orrespondants sont comptabilis\u00e9s. En 20<span class=\"_ _1\"></span>22, il n'y a pas eu de perte de valeur li\u00e9e aux co\u00fbts des contr<span class=\"_ _1\"></span>ats.<span class=\"_ _8\"></span> F<span class=\"_ _0\"></span>. Jugements essentiels dans la comptabilisation du chiffre d\u2019<span class=\"_ _1\"></span>affaires Lors de la comptabilisation du chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de pres<span class=\"_ _1\"></span>tation, l'identification des obligations de pres<span class=\"_ _1\"></span>tation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de pr<span class=\"_ _1\"></span>estation. Les estimations les plus significativ<span class=\"_ _1\"></span>es sont d\u00e9crites ci-dessous : \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats incluant plusieurs obligations de pr<span class=\"_ _1\"></span>estation se r<span class=\"_ _1\"></span>etrouv<span class=\"_ _1\"></span>ent principalement dans le segment C\u00e2bles,<span class=\"_ _8\"></span> concernant des pr<span class=\"_ _1\"></span>ojets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, c<span class=\"_ _1\"></span>omme d\u00e9crit dans<span class=\"_ _8\"></span> la note 7<span class=\"_ _0\"></span>.B et la note 5.3. Dans ces cas, le t<span class=\"_ _1\"></span>otal du prix de l\u2019op\u00e9r<span class=\"_ _1\"></span>ation est allou\u00e9 \u00e0 ces obligations de pr<span class=\"_ _1\"></span>estation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou servic<span class=\"_ _1\"></span>es promis, livr\u00e9 de fa\u00e7on isol\u00e9e<span class=\"_ _1\"></span>. Si ces biens et services ne sont pas v<span class=\"_ _1\"></span>endus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus mar<span class=\"_ _1\"></span>ge \u00bb est adopt\u00e9e. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus pro<span class=\"_ _1\"></span>venant de la f<span class=\"_ _1\"></span>abrication de produits sur mesur<span class=\"_ _1\"></span>e pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie sont comptabilis\u00e9s au<span class=\"_ _8\"></span> fur et \u00e0 mesure<span class=\"_ _1\"></span>. Dans de tels projets, les c<span class=\"_ _1\"></span>ontrats sign\u00e9s par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings comprennent deux engagements : \u2022 <span class=\"_ _20\"> </span>pr<span class=\"_ _1\"></span>oduire des pr<span class=\"_ _1\"></span>oduits sur mesure en fonction des sp\u00e9cifications des clients et \u2022 <span class=\"_ _20\"> </span>tr<span class=\"_ _1\"></span>ansporter ces pr<span class=\"_ _1\"></span>oduits sur le site du client.  <span class=\"_ _6c\"> </span>Dans de t<span class=\"_ _1\"></span>els cas, le transport est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une obligation de prestation dis<span class=\"_ _1\"></span>tincte, car les deux crit\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9nonc\u00e9s dans IFRS 15.27 sont r<span class=\"_ _1\"></span>emplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport off<span class=\"_ _1\"></span>ert et que la<span class=\"_ _8\"></span> promes<span class=\"_ _1\"></span>se de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de c<span class=\"_ _1\"></span>es produits personnalis\u00e9s.  <span class=\"_ _6c\"> </span>Le chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es pour les commandes de produits standar<span class=\"_ _1\"></span>dis\u00e9s (sections structur<span class=\"_ _1\"></span>elles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s<span class=\"_ _1\"></span>) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'es<span class=\"_ _1\"></span>t pas consid\u00e9r\u00e9 comme une obligation de pr<span class=\"_ _1\"></span>estation distincte, puisque le deuxi\u00e8me crit\u00e8r<span class=\"_ _1\"></span>e de la norme IFRS 15.27 n'est pas r<span class=\"_ _1\"></span>espect\u00e9.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>ertains contrats a<span class=\"_ _1\"></span>vec des clients impliquent un c<span class=\"_ _1\"></span>o\u00fbt de transaction variable<span class=\"_ _1\"></span>, car ils incluent une remise sur le volume ou une r<span class=\"_ _1\"></span>emise commer<span class=\"_ _1\"></span>ciale bas\u00e9e sur le total des vent<span class=\"_ _1\"></span>es au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le pr<span class=\"_ _1\"></span>oduit est comptabilis\u00e9 en fonction des v<span class=\"_ _1\"></span>entes pr\u00e9vues au client tout au long de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice, \u00e0 mesure que c<span class=\"_ _1\"></span>es ventes sont r\u00e9alis\u00e9es et que de nouv<span class=\"_ _1\"></span>elles commandes sont r<span class=\"_ _1\"></span>e\u00e7ues et dans la mesure o\u00f9 il est hautement pr<span class=\"_ _1\"></span>obable qu\u2019il ne sera pas n\u00e9ces<span class=\"_ _1\"></span>saire de proc\u00e9der \u00e0 une r<span class=\"_ _1\"></span>eprise significative du montant cumul\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires. 8. Produits et char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span> A. Autres pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Subv<span class=\"_ _1\"></span>entions gouvernementales <span class=\"_ _118\"> </span> <span class=\"_ _81\"> </span>133 <span class=\"_ _119\"> </span>4<span class=\"_ _1\"></span>77 Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements <span class=\"_ _11a\"> </span> <span class=\"_ _117\"> </span>667 <span class=\"_ _119\"> </span>529 Produits d'honor<span class=\"_ _1\"></span>aires, commissions et fr<span class=\"_ _1\"></span>ais refactur\u00e9s <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>3.57<span class=\"_ _1\"></span>5 <span class=\"_ _11d\"> </span>4.406 Indemnit\u00e9s et produits des sinistr<span class=\"_ _1\"></span>es <span class=\"_ _11e\"> </span> <span class=\"_ _d3\"> </span>24 <span class=\"_ _11f\"> </span>168 Indemnisation de la compagnie d'assur<span class=\"_ _1\"></span>ance pour  dommages li\u00e9s au contr<span class=\"_ _1\"></span>at avec le client <span class=\"_ _120\"> </span> <span class=\"_ _121\"> </span>280 <span class=\"_ _122\"> </span>- Gain sur cession d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _123\"> </span> <span class=\"_ _124\"> </span>341 <span class=\"_ _125\"> </span>8 Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _f1\"> </span>28 <span class=\"_ _df\"> </span>1.17<span class=\"_ _0\"></span>4 <span class=\"_ _d3\"> </span>728 Autres <span class=\"_ _126\"> </span> <span class=\"_ _117\"> </span>586 <span class=\"_ _119\"> </span>82<span class=\"_ _1\"></span>4 Autres pr<span class=\"_ _1\"></span>oduits <span class=\"_ _127\"> </span> <span class=\"_ _128\"> </span>6.780 <span class=\"_ _129\"> </span>7<span class=\"_ _0\"></span>.14<span class=\"_ _1\"></span>1La ligne \u00ab subv<span class=\"_ _1\"></span>entions gouvernementales \u00bb en 20<span class=\"_ _1\"></span>21 inclut un montant de 459 milliers d\u2019eur<span class=\"_ _1\"></span>os li\u00e9 aux all\u00e9gements pr\u00e9vus par la l\u00e9gislation locale \u00e0 la suite des mesur<span class=\"_ _1\"></span>es prises en raison de la pand\u00e9mie du cor<span class=\"_ _1\"></span>onavirus. B. Autres char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Pertes suite \u00e0 la r<span class=\"_ _1\"></span>adiation d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _109\"> </span>17 <span class=\"_ _12a\"> </span>(53) <span class=\"_ _12b\"> </span>(14) Perte due \u00e0 la mise au r<span class=\"_ _1\"></span>ebut de biens, installations et \u00e9quipements <span class=\"_ _ec\"> </span> <span class=\"_ _12c\"> </span>(1) <span class=\"_ _122\"> </span>- D\u00e9penses rechar<span class=\"_ _1\"></span>g\u00e9es <span class=\"_ _12d\"> </span> <span class=\"_ _c0\"> </span>(2.830) <span class=\"_ _12e\"> </span>(4.044) Indemnit\u00e9s et r\u00e9clamations <span class=\"_ _12f\"> </span> <span class=\"_ _130\"> </span>- <span class=\"_ _81\"> </span>(32) Indemnisation des dommages au client <span class=\"_ _131\"> </span> <span class=\"_ _132\"> </span>(515) <span class=\"_ _122\"> </span>- Autres sanctions <span class=\"_ _10c\"> </span> <span class=\"_ _116\"> </span>(180) <span class=\"_ _133\"> </span>(319) Pro<span class=\"_ _1\"></span>vision relativ<span class=\"_ _1\"></span>e aux droits antidumping <span class=\"_ _134\"> </span>29 <span class=\"_ _130\"> </span>-  <span class=\"_ _135\"> </span>(12.842) Co\u00fbts marginaux du c<span class=\"_ _1\"></span>oronavirus <span class=\"_ _136\"> </span> <span class=\"_ _132\"> </span>(4<span class=\"_ _1\"></span>12) <span class=\"_ _137\"> </span>(669) Perte li\u00e9e \u00e0 la ces<span class=\"_ _1\"></span>sion d\u2019une entreprise associ\u00e9e <span class=\"_ _d5\"> </span>21 <span class=\"_ _dc\"> </span>(156) <span class=\"_ _122\"> </span>- D\u00e9pr\u00e9ciation de biens, d\u2019installations et d\u2019\u00e9quipements <span class=\"_ _fd\"> </span>17 <span class=\"_ _12e\"> </span>(1.222) <span class=\"_ _122\"> </span>- Autres <span class=\"_ _126\"> </span> <span class=\"_ _12e\"> </span>(1.375) <span class=\"_ _133\"> </span>(613) Autres charges <span class=\"_ _138\"> </span> <span class=\"_ _e9\"> </span>(6.7<span class=\"_ _0\"></span>45) <span class=\"_ _be\"> </span>(18.534)En 2013, Corinth Pipe<span class=\"_ _1\"></span>works a fabriqu\u00e9 et f<span class=\"_ _1\"></span>ourni des tubes d\u2019acier pour un pipeline en Fr<span class=\"_ _1\"></span>ance. En 2015, le client fran\u00e7ais a d\u00e9pos\u00e9 une r\u00e9clamation de qualit\u00e9 c<span class=\"_ _1\"></span>ontre Corinth Pipe<span class=\"_ _1\"></span>works, ses assur<span class=\"_ _1\"></span>eurs et les sous-traitants char<span class=\"_ _1\"></span>g\u00e9s<span class=\"_ _8\"></span> du soudage du pipeline. Le tribunal de c<span class=\"_ _1\"></span>ommerce de Paris a r<span class=\"_ _1\"></span>endu sa d\u00e9cision le 7 juillet 2022 et a d\u00e9cid\u00e9 que Corinth Pipe<span class=\"_ _1\"></span>works dev<span class=\"_ _1\"></span>ait \u00eatre t<span class=\"_ _1\"></span>enue pour responsable des d\u00e9fauts lat<span class=\"_ _1\"></span>ents affectant les tubes d\u2019acier qu\u2019il a livr\u00e9s \u00e0 son client fran\u00e7ais, mais que c<span class=\"_ _1\"></span>e dernier \u00e9tait \u00e9galement responsable de sa pr<span class=\"_ _1\"></span>opre perte. P<span class=\"_ _1\"></span>ar cons\u00e9quent, \u00e9tant<span class=\"_ _8\"></span> donn\u00e9 que les vent<span class=\"_ _1\"></span>es en 2013 \u00e9taient enti\u00e8rement assur\u00e9es, C<span class=\"_ _1\"></span>orinth Pipew<span class=\"_ _1\"></span>orks a enregistr\u00e9 une dette de 515 milliers d\u2019<span class=\"_ _1\"></span>euros en 2022 (incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab indemnisation des dommages au client \u00bb)<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondant \u00e0 son exposition maximale pour cett<span class=\"_ _1\"></span>e r\u00e9clamation sp\u00e9cifique, alors qu\u2019un re<span class=\"_ _1\"></span>venu de 280 milliers d\u2019<span class=\"_ _1\"></span>euros (inclus dans la ligne \u00abautr<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus\u00bb) a \u00e9t\u00e9 enregis<span class=\"_ _1\"></span>tr\u00e9 lorsqu\u2019une indemnit\u00e9 \u00e9quivalente a \u00e9t\u00e9 r<span class=\"_ _1\"></span>e\u00e7ue d\u2019une<span class=\"_ _8\"></span> compagnie d\u2019<span class=\"_ _1\"></span>assurance pour c<span class=\"_ _1\"></span>e dossier<span class=\"_ _1\"></span>. En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) et est incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab autres char<span class=\"_ _1\"></span>ges \u00bb<span class=\"_ _8\"></span> pour l'ann\u00e9e 2021, en ce qui c<span class=\"_ _1\"></span>oncerne les vent<span class=\"_ _1\"></span>es r\u00e9alis\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dentes. C. Charges par nature  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)L<span class=\"_ _1\"></span>\u2019augmentation des \u00ab honor<span class=\"_ _1\"></span>aires et av<span class=\"_ _1\"></span>antages pay\u00e9s \u00e0 des tiers \u00bb est attribu\u00e9e principalement \u00e0 l\u2019<span class=\"_ _1\"></span>augmentation des services de sous-tr<span class=\"_ _1\"></span>aitants li\u00e9s aux projets en 2022. L<span class=\"_ _1\"></span>\u2019augmentation es<span class=\"_ _1\"></span>t attribu\u00e9e aux deux segments, vu qu\u2019<span class=\"_ _1\"></span>en<span class=\"_ _8\"></span> 2022, le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a utilis\u00e9 des sous-tr<span class=\"_ _1\"></span>aitants pour les services de re<span class=\"_ _1\"></span>v\u00eatement dans le cadre de pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> assign\u00e9s, tandis que les services d\u2019ins<span class=\"_ _1\"></span>tallation dans le cadre de contr<span class=\"_ _1\"></span>ats cl\u00e9s en main ex\u00e9cut\u00e9s par des filiales dans le segment C\u00e2bles ont \u00e9t\u00e9 significativ<span class=\"_ _1\"></span>ement plus \u00e9lev\u00e9s qu\u2019<span class=\"_ _1\"></span>en 2021. Plus pr\u00e9cis\u00e9ment, en 2022, l\u2019installation de l\u2019inter<span class=\"_ _1\"></span>connexion sous-marine de Nax<span class=\"_ _1\"></span>os-Santorini, des inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xions moy<span class=\"_ _1\"></span>enne tension dans plusieurs sites en Gr\u00e8ce et plusieurs pr<span class=\"_ _1\"></span>ojets onshore ont \u00e9t\u00e9 entr<span class=\"_ _1\"></span>epris par des sous-traitants dans le segment C\u00e2bles. En 2021, les services d\u2019installation f<span class=\"_ _1\"></span>ournis dans le cadre de pr<span class=\"_ _1\"></span>ojets de c\u00e2bles assign\u00e9s \u00e0 des sous-traitants ont \u00e9t\u00e9 plus limit\u00e9s dans le secteur des c\u00e2bles onshor<span class=\"_ _1\"></span>e, alors qu\u2019une seule installation offshor<span class=\"_ _1\"></span>e importante a eu lieu, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e la phase finale d\u2019installation pour l\u2019inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te \u2013 P\u00e9loponn\u00e8se. La fluctuation des frais de tr<span class=\"_ _1\"></span>ansport est li\u00e9e \u00e0 la r\u00e9partition g\u00e9ogr<span class=\"_ _1\"></span>aphique des ventes et au v<span class=\"_ _1\"></span>olume des livraisons dans le segment T<span class=\"_ _0\"></span>ubes d'acier qui ont eu lieu en 2022 par rapport \u00e0 2021. C<span class=\"_ _1\"></span>omme mentionn\u00e9 \u00e0 la note 7<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>, lorsque<span class=\"_ _8\"></span> certains crit\u00e8r<span class=\"_ _1\"></span>es sont remplis, le tr<span class=\"_ _1\"></span>ansport est consid\u00e9r\u00e9 comme une obligation de perf<span class=\"_ _1\"></span>ormance distincte et les fr<span class=\"_ _1\"></span>ais<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondants sont comptabilis\u00e9s lorsque ces obligations de performanc<span class=\"_ _1\"></span>e sont remplies. Cener<span class=\"_ _1\"></span>gy Holdings inves<span class=\"_ _1\"></span>tit massivement dans la r<span class=\"_ _1\"></span>echerche et le d\u00e9v<span class=\"_ _1\"></span>eloppement afin de proposer en permanence des produits et des servic<span class=\"_ _1\"></span>es \u00e0 valeur ajout\u00e9e sur le mar<span class=\"_ _1\"></span>ch\u00e9 et de perfectionner les proces<span class=\"_ _1\"></span>sus de production, et afin de promouv<span class=\"_ _1\"></span>oir \u00e9galement le recy<span class=\"_ _1\"></span>clage des mat\u00e9riaux et l\u2019utilisation appr<span class=\"_ _1\"></span>opri\u00e9e des ressour<span class=\"_ _1\"></span>ces naturelles. L<span class=\"_ _1\"></span>e montant<span class=\"_ _8\"></span> total des d\u00e9penses de r<span class=\"_ _1\"></span>echerche et d\u00e9v<span class=\"_ _1\"></span>eloppement comptabilis\u00e9 en charges pour 2022 s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 5,5 millions d'euros (2021 : 4,0 millions d'eur<span class=\"_ _1\"></span>os). 9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. 10. B\u00e9n\u00e9fic<span class=\"_ _1\"></span>e par action<span class=\"_ _8\"></span> \u00c9tant donn\u00e9 qu\u2019il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e ni options d\u2019achat d\u2019actions ni obliga<span class=\"_ _1\"></span>tions conv<span class=\"_ _1\"></span>ertibles, le r\u00e9sultat de base et le r\u00e9sultat<span class=\"_ _8\"></span> dilu\u00e9 par action sont identiques et ont \u00e9t\u00e9 calcul\u00e9s sur la base du r\u00e9sultat attribuable aux actionnair<span class=\"_ _1\"></span>es ordinair<span class=\"_ _1\"></span>es et<span class=\"_ _8\"></span> du nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es en circulation. A. B\u00e9n\u00e9fice attribuable aux pr<span class=\"_ _1\"></span>opri\u00e9taires de la Soci\u00e9t\u00e9 <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice attribuable aux pr<span class=\"_ _1\"></span>opri\u00e9taires de la Soci\u00e9t\u00e9 <span class=\"_ _158\"> </span>60.4<span class=\"_ _1\"></span>17 <span class=\"_ _be\"> </span>22.0<span class=\"_ _1\"></span>77B. Nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d'actions ordinair<span class=\"_ _1\"></span>es en circulation Le nombr<span class=\"_ _1\"></span>e d'actions ordinaires en cir<span class=\"_ _1\"></span>culation pour 2022 et 2021 \u00e9tait de 190<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>162.681 actions. Aucune action n'a \u00e9t\u00e9<span class=\"_ _8\"></span> \u00e9mise en 2022. C. R\u00e9sultat par action Le r\u00e9sultat de base et le r\u00e9sultat dilu\u00e9 par action s\u2019\u00e9l\u00e8v<span class=\"_ _1\"></span>ent \u00e0 :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  En euros par action <span class=\"_ _159\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9sultat de base et dilu\u00e9 <span class=\"_ _15a\"> </span>0,31771 <span class=\"_ _c0\"> </span>0,<span class=\"_ _1\"></span>1161011. A<span class=\"_ _0\"></span>vantages du personnel  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Passif net au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies  <span class=\"_ _15c\"> </span> <span class=\"_ _dc\"> </span>2.891 <span class=\"_ _df\"> </span>2.922 Dettes au titr<span class=\"_ _1\"></span>e des cotisations de s\u00e9curit\u00e9 sociale <span class=\"_ _135\"> </span>27 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 T<span class=\"_ _0\"></span>otal des avantages du personnel <span class=\"_ _15d\"> </span> <span class=\"_ _d5\"> </span>6.382 <span class=\"_ _137\"> </span>5.288  Non courant <span class=\"_ _15e\"> </span> <span class=\"_ _15f\"> </span>2.8<span class=\"_ _1\"></span>91 <span class=\"_ _12a\"> </span>2.922 Courant <span class=\"_ _105\"> </span> <span class=\"_ _11d\"> </span>3.491 <span class=\"_ _df\"> </span>2.366 Pour de plus amples informations sur les char<span class=\"_ _1\"></span>ges li\u00e9es aux av<span class=\"_ _1\"></span>antages du personnel, veuillez-<span class=\"_ _1\"></span>vous r\u00e9f\u00e9r<span class=\"_ _1\"></span>er \u00e0 la note 12.<span class=\"_ _8\"></span> A. R\u00e9gimes d\u2019a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploi Les r\u00e9gimes post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploi sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> R\u00e9gime \u00e0 cotisations d\u00e9finies T<span class=\"_ _0\"></span>ous les salari\u00e9s des filiales de la Soci\u00e9t\u00e9 sont couv<span class=\"_ _1\"></span>erts pour leur retr<span class=\"_ _1\"></span>aite principale par les organismes d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> sociale respectifs, dans le r<span class=\"_ _1\"></span>espect de la l\u00e9gislation locale. D\u00e8s que les cotisations ont \u00e9t\u00e9 v<span class=\"_ _1\"></span>ers\u00e9es, les filiales de la Soci\u00e9t\u00e9 n\u2019assument plus aucune autr<span class=\"_ _1\"></span>e obligation de paiement. Les cotisa<span class=\"_ _1\"></span>tions habituelles constituent des co\u00fbts p\u00e9riodiques nets pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice dur<span class=\"_ _1\"></span>ant lequel elles sont dues et, en tant que telles, r<span class=\"_ _1\"></span>el\u00e8vent des d\u00e9penses inh\u00e9r<span class=\"_ _1\"></span>entes<span class=\"_ _8\"></span> aux av<span class=\"_ _1\"></span>antages du personnel.<span class=\"_ _8\"></span> R\u00e9gime \u00e0 prestations d\u00e9finies Les emplo<span class=\"_ _1\"></span>y\u00e9s des filiales de la Soci\u00e9t\u00e9 en Gr\u00e8ce et en Bulgarie ont droit \u00e0 une somme f<span class=\"_ _1\"></span>orfaitaire lorsqu'ils pr<span class=\"_ _1\"></span>ennent<span class=\"_ _8\"></span> leur retr<span class=\"_ _1\"></span>aite. Cet<span class=\"_ _1\"></span>te somme forfaitair<span class=\"_ _1\"></span>e est d\u00e9termin\u00e9e en tenant c<span class=\"_ _1\"></span>ompte des ann\u00e9es de service et du salair<span class=\"_ _1\"></span>e \u00e0 la date de d\u00e9part en retr<span class=\"_ _1\"></span>aite. Cet<span class=\"_ _1\"></span>te obligation r\u00e9pond \u00e0 la d\u00e9finition des r\u00e9gimes \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies et les prestations accumul\u00e9es sont imput\u00e9es au compt<span class=\"_ _1\"></span>e de r\u00e9sultat de chaque p\u00e9riode av<span class=\"_ _1\"></span>ec une augmentation correspondant<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> de l'obligation de retr<span class=\"_ _1\"></span>aite. L<span class=\"_ _1\"></span>es avantages v<span class=\"_ _1\"></span>ers\u00e9s aux retr<span class=\"_ _1\"></span>ait\u00e9s au cours de chaque p\u00e9riode sont comptabilis\u00e9s en contr<span class=\"_ _1\"></span>epartie de ce passif<span class=\"_ _1\"></span>. Ces r\u00e9gimes ne sont pas financ\u00e9s. B. V<span class=\"_ _1\"></span>ariation du passif net des pr<span class=\"_ _1\"></span>estations d\u00e9finies Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre le solde d\u2019<span class=\"_ _1\"></span>ouv<span class=\"_ _1\"></span>erture et le solde de cl\u00f4ture du pas<span class=\"_ _1\"></span>sif net des<span class=\"_ _8\"></span> pres<span class=\"_ _1\"></span>tations d\u00e9finies et de ses composantes.  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _160\"> </span>2.922 <span class=\"_ _145\"> </span>2.558 Montants inclus dans le b\u00e9n\u00e9fice ou la perte <span class=\"_ _10c\"> </span>   Co\u00fbt des services r<span class=\"_ _1\"></span>endus au cours de la p\u00e9riode <span class=\"_ _161\"> </span>435 <span class=\"_ _121\"> </span>341 Co\u00fbt des services pass\u00e9s <span class=\"_ _ad\"> </span>59 <span class=\"_ _f8\"> </span>52 Liquidation/<span class=\"_ _1\"></span>r\u00e9duction/<span class=\"_ _1\"></span>perte sur r\u00e9siliation <span class=\"_ _162\"> </span>443 <span class=\"_ _d5\"> </span>1.<span class=\"_ _1\"></span>730 Charges d'int\u00e9r\u00eats <span class=\"_ _163\"> </span>6 <span class=\"_ _164\"> </span>7 <span class=\"_ _165\"> </span>942 2,<span class=\"_ _1\"></span>130 Inclus dans les autres \u00e9l\u00e9ments du r\u00e9sultat global Perte/(<span class=\"_ _1\"></span>gain) li\u00e9s \u00e0 la r\u00e9\u00e9valuation <span class=\"_ _166\"> </span>  <span class=\"_ _167\"> </span>  Perte/(<span class=\"_ _1\"></span>gain) actuarielle li\u00e9e aux : <span class=\"_ _168\"> </span>  <span class=\"_ _167\"> </span>  - hypoth\u00e8ses d\u00e9mogr<span class=\"_ _1\"></span>aphiques <span class=\"_ _169\"> </span>- <span class=\"_ _d3\"> </span>18 - hypoth\u00e8ses financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _16a\"> </span>(550) <span class=\"_ _16b\"> </span>238 - ajustements li\u00e9s \u00e0 l'e<span class=\"_ _1\"></span>xp\u00e9rience <span class=\"_ _16c\"> </span>126 <span class=\"_ _f8\"> </span>23 <span class=\"_ _16d\"> </span>(423) 279 Autres mouv<span class=\"_ _1\"></span>ements <span class=\"_ _16e\"> </span>  Contributions pay\u00e9es <span class=\"_ _16d\"> </span>(550) <span class=\"_ _c3\"> </span>(2.045) Solde au 31 d\u00e9cembre <span class=\"_ _16f\"> </span>2.891 <span class=\"_ _145\"> </span>2.922Au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont fourni 550 milliers d'eur<span class=\"_ _1\"></span>os de versements de contributions aux emplo<span class=\"_ _1\"></span>y\u00e9s qui ont quitt\u00e9 le Groupe au c<span class=\"_ _1\"></span>ours de l'ex<span class=\"_ _1\"></span>ercice. Un c<span class=\"_ _1\"></span>o\u00fbt suppl\u00e9mentaire r\u00e9sultant de ces paiements (perte sur liquidation/<span class=\"_ _1\"></span>r\u00e9duction/<span class=\"_ _1\"></span>r\u00e9siliation de 443 milliers d'eur<span class=\"_ _1\"></span>os) a \u00e9t\u00e9 comptabilis\u00e9. Plus pr\u00e9cis\u00e9ment, dans les cas de licenciement, de d\u00e9part v<span class=\"_ _1\"></span>olontaire a<span class=\"_ _1\"></span>vec indemnit\u00e9s et de d\u00e9part en retr<span class=\"_ _1\"></span>aite, les fr<span class=\"_ _1\"></span>ais suppl\u00e9mentaires repr\u00e9sent<span class=\"_ _1\"></span>ent la diff\u00e9rence entr<span class=\"_ _1\"></span>e les contributions v<span class=\"_ _1\"></span>ers\u00e9es et le montant comptabilis\u00e9 dans le passif au titre des r\u00e9gimes de retr<span class=\"_ _1\"></span>aite \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies des employ\u00e9s c<span class=\"_ _1\"></span>oncern\u00e9s.<span class=\"_ _8\"></span> L'augmentation des pres<span class=\"_ _1\"></span>tations vers\u00e9es et la pert<span class=\"_ _1\"></span>e de r\u00e8glement/r\u00e9duction/<span class=\"_ _0\"></span>cessation d'emploi au c<span class=\"_ _1\"></span>ours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent sont attribu\u00e9es aux initiatives d'optimisa<span class=\"_ _1\"></span>tion des co\u00fbts dans le segment T<span class=\"_ _0\"></span>ubes d\u2019acier conclues au cours du pr<span class=\"_ _1\"></span>emier trimestre de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice pr\u00e9c\u00e9dent. C. Obligation au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies<span class=\"_ _8\"></span> a) Hypoth\u00e8ses actuarielles Les principales hypoth\u00e8ses actuarielles en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture \u00e9taient les suiv<span class=\"_ _1\"></span>antes (en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e) : <span class=\"_ _100\"> </span>2022 2021 T<span class=\"_ _0\"></span>aux d'actualisation <span class=\"_ _102\"> </span>3,66 % <span class=\"_ _170\"> </span>0,21 % Inflation <span class=\"_ _171\"> </span>2,80 % <span class=\"_ _170\"> </span>2,10 % Croissanc<span class=\"_ _1\"></span>e salariale <span class=\"_ _172\"> </span>3,05 % <span class=\"_ _db\"> </span>2,95 % Dur\u00e9e du r\u00e9gime (e<span class=\"_ _1\"></span>xprim\u00e9e en ann\u00e9es) <span class=\"_ _173\"> </span>5,41 <span class=\"_ _132\"> </span>6,26Les hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant la mortalit\u00e9 future ont \u00e9t\u00e9 bas\u00e9es sur les s<span class=\"_ _1\"></span>tatistiques publi\u00e9es et les tableaux de<span class=\"_ _8\"></span> mortalit\u00e9. b) Analy<span class=\"_ _1\"></span>se de l\u2019\u00e9ch\u00e9ance att<span class=\"_ _1\"></span>endue<span class=\"_ _8\"></span> La ventila<span class=\"_ _1\"></span>tion de l\u2019es<span class=\"_ _1\"></span>timation des flux de tr\u00e9sorerie des pres<span class=\"_ _1\"></span>tations non actualis\u00e9es pour les ann\u00e9es \u00e0 venir pour le passif des pr<span class=\"_ _1\"></span>estations d\u00e9finies du Groupe est la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Jusqu'\u00e0 1 an <span class=\"_ _174\"> </span>509 <span class=\"_ _137\"> </span>360 Entre 1 et 2 ans <span class=\"_ _ba\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _117\"> </span>155 Entre 2 et 5 ans <span class=\"_ _175\"> </span>752 <span class=\"_ _e2\"> </span>626 Plus de 5 ans <span class=\"_ _176\"> </span>2.<span class=\"_ _1\"></span>130 <span class=\"_ _b6\"> </span>1.823 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>3.566 <span class=\"_ _141\"> </span>2.964c) Analy<span class=\"_ _1\"></span>se de sensibilit\u00e9<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019analyse de sensibilit\u00e9 pour chaque h<span class=\"_ _1\"></span>ypoth\u00e8se actuarielle importante qui pouvait \u00eatr<span class=\"_ _1\"></span>e raisonnablement \u00e9mise \u00e0 la fin de la p\u00e9riode consid\u00e9r\u00e9e et qui montr<span class=\"_ _1\"></span>e comment l\u2019<span class=\"_ _1\"></span>obligation au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies aurait pu \u00eatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> affect\u00e9e par les v<span class=\"_ _1\"></span>ariations suivantes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _177\"> </span>Augmentation <span class=\"_ _41\"> </span>Diminution T<span class=\"_ _0\"></span>aux d'actualisation (mouvement de 0<span class=\"_ _1\"></span>,5 %) <span class=\"_ _178\"> </span>(77) <span class=\"_ _135\"> </span>77 Croissanc<span class=\"_ _1\"></span>e salariale (mouvement de 0,5 %) <span class=\"_ _179\"> </span>75 <span class=\"_ _147\"> </span>(80)Si des taux de retr<span class=\"_ _1\"></span>ait nuls \u00e9taient utilis\u00e9s pour d\u00e9terminer le passif \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9termin\u00e9es au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif aur<span class=\"_ _1\"></span>ait \u00e9t\u00e9 augment\u00e9 de 92 mille euros. L<span class=\"_ _1\"></span>\u2019analyse de sensibilit\u00e9 ci-des<span class=\"_ _1\"></span>sus est bas\u00e9e sur la variation d\u2019une hypoth\u00e8se alors que t<span class=\"_ _1\"></span>outes les autres h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> demeurent c<span class=\"_ _1\"></span>onstantes. Dans la pr<span class=\"_ _1\"></span>atique, il est peu probable que c<span class=\"_ _1\"></span>ela se produise et les v<span class=\"_ _1\"></span>ariations de certaines des hypoth\u00e8ses peuv<span class=\"_ _1\"></span>ent \u00eatre corr\u00e9l\u00e9es. L<span class=\"_ _1\"></span>ors du calcul de la sensibilit\u00e9 de l'obligation de prestations d\u00e9finies aux hypoth\u00e8ses actuarielles significativ<span class=\"_ _1\"></span>es, la m\u00eame m\u00e9thode (valeur actualis\u00e9e de l'obligation de pr<span class=\"_ _1\"></span>estations d\u00e9finies calcul\u00e9e selon la m\u00e9thode des unit\u00e9s de cr\u00e9dit projet\u00e9es \u00e0 la fin de la p\u00e9riode de r<span class=\"_ _1\"></span>eporting) a \u00e9t\u00e9 appliqu\u00e9e que<span class=\"_ _8\"></span> pour le calcul du passif au titr<span class=\"_ _1\"></span>e des avantages du personnel c<span class=\"_ _1\"></span>omptabilis\u00e9 dans l'\u00e9tat de la situation financi\u00e8re. Les m\u00e9thodes et la formule des h<span class=\"_ _1\"></span>ypoth\u00e8ses utilis\u00e9es pour l\u2019analyse d\u00e9finie n\u2019<span class=\"_ _1\"></span>ont pas chang\u00e9 par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019ann\u00e9e pr\u00e9c\u00e9dente. 12. Charges li\u00e9es aux a<span class=\"_ _1\"></span>vantages du personnel  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9rations et char<span class=\"_ _1\"></span>ges du personnel <span class=\"_ _162\"> </span>7<span class=\"_ _8\"></span>1.326 <span class=\"_ _13d\"> </span>58.095 D\u00e9penses de s\u00e9curit\u00e9 sociale <span class=\"_ _16c\"> </span>12.57<span class=\"_ _1\"></span>8 <span class=\"_ _17a\"> </span>9.96<span class=\"_ _1\"></span>7 R\u00e9gime \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies <span class=\"_ _17b\"> </span>942 <span class=\"_ _d5\"> </span>2.<span class=\"_ _1\"></span>130 Autre <span class=\"_ _d2\"> </span>7<span class=\"_ _1\"></span>.527 <span class=\"_ _17a\"> </span>5.538 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Les av<span class=\"_ _1\"></span>antages sociaux des employ\u00e9s ont \u00e9t\u00e9 r\u00e9partis c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Co\u00fbt des v<span class=\"_ _1\"></span>entes <span class=\"_ _17d\"> </span>70<span class=\"_ _1\"></span>.803 <span class=\"_ _b7\"> </span>55.017 Frais de dis<span class=\"_ _1\"></span>tribution <span class=\"_ _17e\"> </span>9.584 <span class=\"_ _11c\"> </span>9.011 Charges administr<span class=\"_ _1\"></span>atives <span class=\"_ _17f\"> </span>9.94<span class=\"_ _1\"></span>7 <span class=\"_ _180\"> </span>9.619 Capitalis\u00e9s sous \u00ab en cours de cons<span class=\"_ _1\"></span>truction \u00bb <span class=\"_ _181\"> </span>2.039 <span class=\"_ _145\"> </span>2.083 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Le nombr<span class=\"_ _1\"></span>e d\u2019emplo<span class=\"_ _1\"></span>y\u00e9s du Groupe, ainsi que leur pr<span class=\"_ _1\"></span>ofil et genre<span class=\"_ _1\"></span>, est pr\u00e9sent\u00e9 dans les tableaux suivants :  <span class=\"_ _100\"> </span>2022 2021 Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _182\"> </span>2.691 <span class=\"_ _17a\"> </span>2.285 <span class=\"_ _183\"> </span>18 - 30 <span class=\"_ _184\"> </span>30-50 <span class=\"_ _101\"> </span>51+ <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal Homme <span class=\"_ _185\"> </span>334 <span class=\"_ _bb\"> </span>1.436 <span class=\"_ _e9\"> </span>588 <span class=\"_ _17a\"> </span><span class=\"ff18\">2.358</span> Femme <span class=\"_ _4b\"> </span>61 <span class=\"_ _b7\"> </span>202 <span class=\"_ _186\"> </span>70 <span class=\"_ _df\"> </span><span class=\"ff18\">333</span> T<span class=\"_ _0\"></span>otal <span class=\"_ _187\"> </span>395 <span class=\"_ _cd\"> </span>1.638 <span class=\"_ _e9\"> </span>658 <span class=\"_ _13f\"> </span>2.691 <span class=\"_ _51\"> </span>Employ\u00e9s <span class=\"_ _188\"> </span>Ouvriers  <span class=\"_ _3e\"> </span>Management <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _8\"></span>  Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _189\"> </span>548 <span class=\"_ _c3\"> </span>1.973 <span class=\"_ _b7\"> </span>170 <span class=\"_ _13f\"> </span><span class=\"ff18\">2.691</span>13. Imp\u00f4t sur le r\u00e9sultat A. Montants comptabilis\u00e9s en r\u00e9sultat  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Charge d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _14d\"> </span>(12.820) <span class=\"_ _c3\"> </span>(2.998) Cr\u00e9ation et reprise d'\u00e9carts t<span class=\"_ _1\"></span>emporaires <span class=\"_ _92\"> </span>(1.548) <span class=\"_ _18a\"> </span>(3.879) Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 Comptabilisation de pertes fiscales, de cr\u00e9dits d'imp\u00f4t ou  de diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es <span class=\"_ _18c\"> </span>4.832 <span class=\"_ _117\"> </span>158 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Charge d'imp\u00f4t diff\u00e9r\u00e9  <span class=\"_ _17f\"> </span>3.284 <span class=\"_ _c3\"> </span>(5.436) Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _a0\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) B. Rapprochement du taux d\u2019imp\u00f4t effectif  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _18d\"> </span>69.95<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>30.513 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition de la maison m\u00e8re (2022 et 20<span class=\"_ _1\"></span>21 : 25,0 %) <span class=\"_ _18f\"> </span>(17<span class=\"_ _1\"></span>.489) <span class=\"_ _190\"> </span>(7<span class=\"_ _1\"></span>.628) Incidence des diff\u00e9r<span class=\"_ _1\"></span>ents taux d\u2019imposition des juridictions dans lesquelles le Groupe op\u00e8r<span class=\"_ _1\"></span>e <span class=\"_ _177\"> </span>2.830 <span class=\"_ _df\"> </span>992 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9  (2022 : 21,0% et 20<span class=\"_ _1\"></span>21 : 21,7 %) <span class=\"_ _191\"> </span>(14.659) <span class=\"_ _192\"> </span>(6.636) Ajust\u00e9 pour : <span class=\"_ _da\"> </span>  <span class=\"_ _167\"> </span>  D\u00e9penses non admises au niveau fiscal <span class=\"_ _193\"> </span>(1.329) <span class=\"_ _135\"> </span>(1.390) R\u00e9sultat ex<span class=\"_ _1\"></span>on\u00e9r\u00e9 <span class=\"_ _194\"> </span>1.496 <span class=\"_ _133\"> </span>941 Comptabilisation de pertes fiscales, de cr\u00e9dits d\u2019imp\u00f4t ou de  diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es  <span class=\"_ _195\"> </span>4.923 <span class=\"_ _117\"> </span>158 Perte pour laquelle aucune tax<span class=\"_ _1\"></span>e diff\u00e9r\u00e9e n\u2019es<span class=\"_ _1\"></span>t comptabilis\u00e9e <span class=\"_ _196\"> </span>(424) <span class=\"_ _128\"> </span>(501) Comptabilisation des r\u00e9serv<span class=\"_ _1\"></span>es ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es d\u2019imp\u00f4t <span class=\"_ _8f\"> </span>-  <span class=\"_ _116\"> </span>660 Incitations fiscales suppl\u00e9mentaires en R&amp;D<span class=\"_ _1\"></span>. <span class=\"_ _197\"> </span>1.4<span class=\"_ _1\"></span>76 <span class=\"_ _198\"> </span>640 Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Imp\u00f4t d\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice ant\u00e9rieur <span class=\"_ _166\"> </span>(1.020) <span class=\"_ _d7\"> </span>(590) Charge d\u2019imp\u00f4t comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat <span class=\"_ _199\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) T<span class=\"_ _0\"></span>aux d\u2019imposition effectif <span class=\"_ _19a\"> </span>(13,6 %) <span class=\"_ _d0\"> </span>(27<span class=\"_ _1\"></span>,6 %)Le taux d\u2019imposition des soci\u00e9t\u00e9s en Belgique est de 25 % selon la l\u00e9gislation fiscale en vigueur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Le b\u00e9n\u00e9fice imposable de chaque filiale es<span class=\"_ _1\"></span>t impos\u00e9 au taux d\u2019imposition applicable dans le pays o\u00f9 la filiale est domicili\u00e9e. Selon la loi grec<span class=\"_ _1\"></span>que 47<span class=\"_ _1\"></span>99/2021, pr<span class=\"_ _1\"></span>omulgu\u00e9e en mai 2021, le taux d\u2019imposition des personnes mor<span class=\"_ _1\"></span>ales en Gr\u00e8ce, o\u00f9 la plupart des filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont situ\u00e9es, est fix\u00e9 \u00e0 22% pour l\u2019ann\u00e9e fiscale 2021 et les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le taux d\u2019imposition des personnes morales en Roumanie es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 16% et aux Etats-Unis, le taux f\u00e9d\u00e9ral d\u2019imposition des personnes morales es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 21%.Le taux d'imposition effectif du Gr<span class=\"_ _1\"></span>oupe a \u00e9t\u00e9 influenc\u00e9 par la comptabilisation de l'actif d'imp\u00f4t diff\u00e9r\u00e9 non comptabilis\u00e9 pr\u00e9c\u00e9demment sur les pertes d'imp\u00f4t r<span class=\"_ _1\"></span>eport\u00e9es des ann\u00e9es pr\u00e9c\u00e9dentes, vu que l'\u00e9v<span class=\"_ _1\"></span>aluation actuelle<span class=\"_ _8\"></span> concernant la r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>abilit\u00e9 des pertes fiscales disponibles pour compenser le r\u00e9sultat imposable futur du segment T<span class=\"_ _0\"></span>ubes d'acier a conduit \u00e0 la comptabilisation d'un actif d'imp\u00f4t diff\u00e9r\u00e9 de 4,6 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Sur la base de la l\u00e9gislation fiscale grec<span class=\"_ _1\"></span>que en vigueur<span class=\"_ _1\"></span>, les d\u00e9penses de recher<span class=\"_ _1\"></span>che et d\u00e9veloppement (R&amp;D<span class=\"_ _1\"></span>), y<span class=\"_ _8\"></span> compris les char<span class=\"_ _1\"></span>ges d'amortissement fiscal des \u00e9quipements et instruments utilis\u00e9s dans les activit\u00e9s de R&amp;D<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> peuvent \u00eatr<span class=\"_ _1\"></span>e d\u00e9duites du r\u00e9sultat brut d'une soci\u00e9t\u00e9 dont les taux de d\u00e9duction sont plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s. Plus pr\u00e9cis\u00e9ment,<span class=\"_ _8\"></span> les d\u00e9penses de R&amp;D en Gr\u00e8ce peuv<span class=\"_ _1\"></span>ent \u00eatre d\u00e9duites du r\u00e9sulta<span class=\"_ _1\"></span>t brut lorsqu'elles sont encourues \u00e0 un taux de 200 %<span class=\"_ _8\"></span> \u00e0 partir du 1 septembr<span class=\"_ _1\"></span>e 2020. Les filiales de C<span class=\"_ _1\"></span>energy Holdings en Gr\u00e8ce utilisent les dispositions fiscales ci-dessus et l'estimation de l'a<span class=\"_ _1\"></span>vantage fiscal corr<span class=\"_ _1\"></span>espondant est pr\u00e9sent\u00e9e dans la ligne \u00ab incitations fiscales suppl\u00e9mentaires en R&amp;D \u00bb du tableau ci-dessus. C. V<span class=\"_ _1\"></span>ariation des soldes d\u2019imp\u00f4ts diff\u00e9r\u00e9s Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont les suivantes :2022 <span class=\"_ _19b\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _19f\"> </span>(34.227) <span class=\"_ _69\"> </span>(3.422) <span class=\"_ _27\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _f6\"> </span>(37<span class=\"_ _1\"></span>.648)<span class=\"ff19 ws81\"> <span class=\"_ _90\"> </span>4 (37<span class=\"_ _0\"></span>.652)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _ab\"> </span>(10) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _46\"> </span><span class=\"ff18\">(5)</span><span class=\"ws82\"> <span class=\"_ _3\"> </span>9 (15)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _5c\"> </span>(1.922) <span class=\"_ _108\"> </span>(126) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _6e\"> </span><span class=\"ff18\">(2.048)</span><span class=\"ws83\"> <span class=\"_ _fc\"> </span>103 (2.150)</span> Inv<span class=\"_ _1\"></span>estissement en immobilier <span class=\"_ _13d\"> </span>71 <span class=\"_ _89\"> </span>- <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _f0\"> </span>79 <span class=\"_ _5e\"> </span>21 <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _41\"> </span><span class=\"ff18\">100</span><span class=\"ws86\"> 100 <span class=\"_ _91\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _147\"> </span>(13.064) <span class=\"_ _88\"> </span>(5.485) <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _69\"> </span>(18.54<span class=\"_ _1\"></span>9)<span class=\"ff19\"> <span class=\"_ _19e\"> </span>-  <span class=\"_ _ac\"> </span>(18.549)</span> Instruments d\u00e9riv\u00e9s <span class=\"_ _1a0\"> </span>462 <span class=\"_ _35\"> </span>(1.060) <span class=\"_ _68\"> </span>(684) <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _a3\"> </span><span class=\"ff18\">(1.282)</span><span class=\"ws87\"> <span class=\"_ _1a1\"> </span>29 (1.310)</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _1a2\"> </span>(1.311) <span class=\"_ _56\"> </span>541 <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span><span class=\"ff18\">(770)</span><span class=\"ws88\"> <span class=\"_ _3b\"> </span>172 (941)</span> A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _137\"> </span>668 <span class=\"_ _93\"> </span>87 <span class=\"_ _55\"> </span>(94) <span class=\"_ _18f\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _1a3\"> </span>- <span class=\"_ _10e\"> </span><span class=\"ff18\">660</span> 660 <span class=\"_ _28\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1a4\"> </span>3.056 <span class=\"_ _a3\"> </span>(644) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a5\"> </span>183 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _67\"> </span><span class=\"ff18\">2.594</span> 2.594 <span class=\"_ _6e\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1a6\"> </span>(637) <span class=\"_ _a4\"> </span>555 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _71\"> </span>(18) <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _21\"> </span><span class=\"ff18\">(100)</span><span class=\"ls55 ws8b\"> <span class=\"_ _25\"> </span>5<span class=\"_ _8\"></span>92 (692)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _132\"> </span>405 <span class=\"_ _86\"> </span>11.<span class=\"_ _1\"></span>163 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5d\"> </span>3 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.570</span> 11.5<span class=\"_ _1\"></span>70 <span class=\"_ _ef\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _186\"> </span>11.266 <span class=\"_ _67\"> </span>1.664 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _68\"> </span><span class=\"ff18\">12.930</span><span class=\"ws8d\"> 12.930 <span class=\"_ _a3\"> </span>-</span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t avant </span> compensation <span class=\"_ _1a7\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _a6\"> </span>28.834 <span class=\"_ _a8\"> </span>(61.309) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span> <span class=\"_ _99\"> </span> <span class=\"_ _1a9\"> </span>  <span class=\"_ _4d\"> </span>(25.991) <span class=\"_ _68\"> </span>25.991 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _3d\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _53\"> </span>2.843 <span class=\"_ _a6\"> </span>(35.318)Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent \u00e9taient les suivantes : 2021 <span class=\"_ _1aa\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _10\"> </span>(33.391) <span class=\"_ _35\"> </span>(3.792) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _68\"> </span>2.954 <span class=\"_ _5b\"> </span>-  <span class=\"_ _85\"> </span><span class=\"ff18\">(34.227)</span><span class=\"ws8e\"> <span class=\"_ _9f\"> </span>4 (34.230)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _64\"> </span>1 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>-  <span class=\"_ _34\"> </span>(1) <span class=\"_ _5b\"> </span>-  <span class=\"_ _89\"> </span><span class=\"ff18\">4</span><span class=\"ws8f\"> <span class=\"_ _2\"> </span>9 (5)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _1a9\"> </span>(1.934) <span class=\"_ _108\"> </span>(162) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>- <span class=\"_ _a4\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _5b\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.922)</span><span class=\"ws83\"> <span class=\"_ _2a\"> </span>229 (2.150)</span> Propri\u00e9t\u00e9 d'in<span class=\"_ _1\"></span>vestissement <span class=\"_ _132\"> </span>71 <span class=\"_ _89\"> </span>-  <span class=\"_ _19e\"> </span>- <span class=\"_ _18f\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _1ab\"> </span>73 <span class=\"_ _5e\"> </span>12 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _44\"> </span>(6) <span class=\"_ _5b\"> </span>-  <span class=\"_ _5e\"> </span>79<span class=\"ff19 ws90\"> 79<span class=\"_ _8\"></span> <span class=\"_ _1a1\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _1ac\"> </span>(11.423) <span class=\"_ _35\"> </span>(2.523) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>- <span class=\"_ _a4\"> </span>881 <span class=\"_ _5b\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(13.064)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _a9\"> </span>(13.064) Instruments d\u00e9riv\u00e9s <span class=\"_ _1ae\"> </span>466 <span class=\"_ _41\"> </span>48 <span class=\"_ _1a5\"> </span>12 <span class=\"_ _18f\"> </span>-  <span class=\"_ _93\"> </span>5 <span class=\"_ _43\"> </span>(70) <span class=\"_ _71\"> </span><span class=\"ff18\">462</span> 462 <span class=\"_ _29\"> </span>-  Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _3d\"> </span>(1.968) <span class=\"_ _ab\"> </span>505 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _9b\"> </span>152 <span class=\"_ _5b\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.311)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _68\"> </span>(1.311) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _1af\"> </span>610 <span class=\"_ _41\"> </span>64 <span class=\"_ _9d\"> </span>(148) <span class=\"_ _18f\"> </span>- <span class=\"_ _1b0\"> </span>(49) <span class=\"_ _19e\"> </span>191 <span class=\"_ _1b1\"> </span><span class=\"ff18\">668</span> 668 <span class=\"_ _29\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1b2\"> </span>313 <span class=\"_ _f4\"> </span>2.777 <span class=\"_ _27\"> </span>- <span class=\"_ _1b3\"> </span>(4) <span class=\"_ _108\"> </span>(30) <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span>3.<span class=\"_ _1\"></span>056 3.056 <span class=\"_ _8d\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1b4\"> </span>(37<span class=\"_ _1\"></span>5) <span class=\"_ _62\"> </span>(262) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1b1\"> </span>(12) <span class=\"_ _1b5\"> </span>13 <span class=\"_ _1a8\"> </span> -  <span class=\"_ _21\"> </span><span class=\"ff18\">(637)</span><span class=\"ws93\"> <span class=\"_ _2\"> </span>298 (935)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _141\"> </span>5.265 <span class=\"_ _f6\"> </span>(4.599) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _80\"> </span>(263) <span class=\"_ _5b\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff18\">405</span> 405 <span class=\"_ _28\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _170\"> </span>12.603 <span class=\"_ _62\"> </span>(295) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5e\"> </span>(2) <span class=\"_ _8b\"> </span>(1.040) <span class=\"_ _5b\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.266</span><span class=\"ws95\"> 11.266 <span class=\"_\"> </span>- </span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t </span> av<span class=\"_ _1\"></span>ant compensation <span class=\"_ _13f\"> </span>(29.684) <span class=\"_ _88\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _f6\"> </span>16.547 <span class=\"_ _85\"> </span>(51.695) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _6c\"> </span>(13.314) <span class=\"_ _a3\"> </span>13.314 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _64\"> </span>(29.684) <span class=\"_ _f6\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _8d\"> </span>3.233 <span class=\"_ _91\"> </span>(38.382)Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le cumul des pertes fiscales r<span class=\"_ _1\"></span>eportables disponibles pour utilisation future s'\u00e9le<span class=\"_ _1\"></span>vait \u00e0 61,3 millions d'euros. L<span class=\"_ _1\"></span>es soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 5<span class=\"_ _1\"></span>2,6 millions<span class=\"_ _8\"></span> d'euros sur les pert<span class=\"_ _1\"></span>es fiscales parce que la dir<span class=\"_ _1\"></span>ection estimait probable que de futurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables seraient disponibles pour lesquels de telles pertes fiscales pourr<span class=\"_ _1\"></span>aient \u00eatre utilis\u00e9es au c<span class=\"_ _1\"></span>ours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7<span class=\"_ _0\"></span>,9 millions d'euros conc<span class=\"_ _1\"></span>erne le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, tandis que le montant corr<span class=\"_ _1\"></span>espondant pour le segment C\u00e2bles est de 3,7 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Selon les estimations de la dir<span class=\"_ _1\"></span>ection concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisa<span class=\"_ _1\"></span>tion des pertes<span class=\"_ _8\"></span> fiscales conform\u00e9ment \u00e0 la l\u00e9gisla<span class=\"_ _1\"></span>tion fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s<span class=\"_ _8\"></span> comme pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es pour un montant de 8,7 millions d\u2019<span class=\"_ _1\"></span>euros e<span class=\"_ _1\"></span>xpirant au c<span class=\"_ _1\"></span>ours de la p\u00e9riode allant de<span class=\"_ _8\"></span> 2023 \u00e0 202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. Ces pert<span class=\"_ _1\"></span>es fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En vertu des dispositions des articles 4<span class=\"_ _1\"></span>9 et 72 de la loi grec<span class=\"_ _1\"></span>que 4172/20<span class=\"_ _1\"></span>13 relativ<span class=\"_ _1\"></span>e \u00e0 la sous-capitalisation, les<span class=\"_ _8\"></span> int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITD<span class=\"_ _1\"></span>A et si tout ex<span class=\"_ _1\"></span>c\u00e9dent peut \u00eatre aff<span class=\"_ _1\"></span>ect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires r<span class=\"_ _1\"></span>elatives \u00e0 la sous-capitalisa<span class=\"_ _1\"></span>tion s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITD<span class=\"_ _1\"></span>A. Les fr<span class=\"_ _1\"></span>ais d'int\u00e9r\u00eats nets ex<span class=\"_ _1\"></span>c\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuv<span class=\"_ _1\"></span>ent \u00eatre r<span class=\"_ _1\"></span>eport\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,<span class=\"_ _1\"></span>7 millions d\u2019eur<span class=\"_ _1\"></span>os. 14. Stocks  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits finis et mar<span class=\"_ _1\"></span>chandises <span class=\"_ _70\"> </span>94.727 <span class=\"_ _be\"> </span>78.227 Produits semi-finis <span class=\"_ _182\"> </span>73.835 <span class=\"_ _c0\"> </span>53.366 Mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res et auxiliair<span class=\"_ _1\"></span>es  <span class=\"_ _1b6\"> </span>317<span class=\"_ _1\"></span>.832 <span class=\"_ _18a\"> </span>137<span class=\"_ _1\"></span>.87<span class=\"_ _1\"></span>5 Consommables <span class=\"_ _1b7\"> </span>4.239 <span class=\"_ _17a\"> </span>2.823 Mat\u00e9riaux d'emballage <span class=\"_ _a0\"> </span>5.732 <span class=\"_ _17a\"> </span>2.622 Pi\u00e8ces de r<span class=\"_ _1\"></span>echange <span class=\"_ _1b8\"> </span>11.<span class=\"_ _1\"></span>179 <span class=\"_ _132\"> </span>9.<span class=\"_ _1\"></span>112 T<span class=\"_ _0\"></span>otal <span class=\"_ _1b9\"> </span>507<span class=\"_ _0\"></span>.545 <span class=\"_ _d0\"> </span>284.<span class=\"_ _1\"></span>025 Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, les stocks ont augment\u00e9 de 223,5 millions d'eur<span class=\"_ _1\"></span>os par rapport au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2021. Cett<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> augmentation r\u00e9sulte principalement de l'augmentation des besoins en mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es pour l'ex\u00e9cution des projets de tubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, ainsi que de l'augmentation des v<span class=\"_ _1\"></span>olumes de stocks du segment C\u00e2bles attribu\u00e9e \u00e0 l'augmentation de l'activit\u00e9 et aux prix plus \u00e9lev\u00e9s des ma<span class=\"_ _1\"></span>ti\u00e8res premi\u00e8r<span class=\"_ _1\"></span>es constat\u00e9s t<span class=\"_ _1\"></span>out au long de 2022 par<span class=\"_ _8\"></span> rapport \u00e0 20<span class=\"_ _1\"></span>21 (\u00e0 titre indicatif<span class=\"_ _1\"></span>, le prix moy<span class=\"_ _1\"></span>en du cuivre sur le LME a augment\u00e9 de +5,<span class=\"_ _1\"></span>7% en 2022, passant de 7<span class=\"_ _0\"></span>.881<span class=\"_ _8\"></span> euros par t<span class=\"_ _1\"></span>onne \u00e0 8.334 euros par tonne<span class=\"_ _1\"></span>, et le prix moy<span class=\"_ _1\"></span>en correspondant de l\u2019<span class=\"_ _1\"></span>aluminium a augment\u00e9 de 21,8% en<span class=\"_ _8\"></span> 2022, passant de 2.<span class=\"_ _1\"></span>101 eur<span class=\"_ _1\"></span>os par tonne \u00e0 2.559 eur<span class=\"_ _1\"></span>os par tonne. En 2022, le montant des st<span class=\"_ _1\"></span>ocks comptabilis\u00e9s en charges au c<span class=\"_ _1\"></span>ours de la p\u00e9riode et inclus dans le \u00ab co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb<span class=\"_ _8\"></span> s\u2019\u00e9lev<span class=\"_ _1\"></span>ait \u00e0 967<span class=\"_ _0\"></span>,7 millions d\u2019<span class=\"_ _1\"></span>euros (20<span class=\"_ _1\"></span>21 : 721,7 millions d'eur<span class=\"_ _1\"></span>os). Une d\u00e9pr\u00e9ciation des stocks \u00e0 leur v<span class=\"_ _1\"></span>aleur de r\u00e9alisation nette de 438 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os a \u00e9t\u00e9 comptabilis\u00e9e en 2022 (2021 : 333 milliers d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Il n\u2019y a pas de stocks donn\u00e9s en gar<span class=\"_ _1\"></span>antie pour les emprunts re\u00e7us par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings. 15. Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs<span class=\"_ _8\"></span>  <span class=\"_ _1ba\"> </span>Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _1bb\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span>  Cr\u00e9ances clients <span class=\"_ _1bd\"> </span> <span class=\"_ _18a\"> </span>142.098 <span class=\"_ _13f\"> </span>96.262 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _135\"> </span>(27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>128) <span class=\"_ _13d\"> </span>(25.534) <span class=\"_ _162\"> </span> 114.97<span class=\"_ _1\"></span>0 <span class=\"_ _2a\"> </span>70<span class=\"_ _1\"></span>.728 Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _1bf\"> </span> <span class=\"_ _11d\"> </span>3.<span class=\"_ _1\"></span>178 <span class=\"_ _119\"> </span>62<span class=\"_ _1\"></span>4 Ch\u00e8ques et effets \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir  <span class=\"_ _51\"> </span> <span class=\"_ _1c0\"> </span>194 <span class=\"_ _f8\"> </span>390 Cr\u00e9ances env<span class=\"_ _1\"></span>ers des entreprises li\u00e9es <span class=\"_ _1c1\"> </span>35 <span class=\"_ _bd\"> </span>24.290 <span class=\"_ _b6\"> </span>31.445 TV<span class=\"_ _0\"></span>A et autres cr\u00e9ances fiscales <span class=\"_ _1c2\"> </span> <span class=\"_ _b6\"> </span>11.6<span class=\"_ _1\"></span>10 <span class=\"_ _11c\"> </span>14.47<span class=\"_ _1\"></span>6 Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _1c3\"> </span> <span class=\"_ _17a\"> </span>18.910 <span class=\"_ _133\"> </span>4.716 Autres d\u00e9bit<span class=\"_ _1\"></span>eurs <span class=\"_ _1c4\"> </span> <span class=\"_ _db\"> </span>20.0<span class=\"_ _1\"></span>34 <span class=\"_ _15f\"> </span>10.<span class=\"_ _1\"></span>158 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _132\"> </span>(417) <span class=\"_ _137\"> </span>(49<span class=\"_ _1\"></span>7) <span class=\"_ _a5\"> </span> 77<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>98 <span class=\"_ _52\"> </span>61.312 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _18a\"> </span>192.7<span class=\"_ _1\"></span>69 <span class=\"_ _db\"> </span>132.040 Actifs non c<span class=\"_ _1\"></span>ourants<span class=\"ff19\"> <span class=\"_ _95\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span> </span> Cr\u00e9ances non cour<span class=\"_ _1\"></span>antes de parties li\u00e9es <span class=\"_ _1c1\"> </span> <span class=\"_ _1c6\"> </span>395 <span class=\"_ _12b\"> </span>208 Autres cr\u00e9anc<span class=\"_ _1\"></span>es non courant<span class=\"_ _1\"></span>es <span class=\"_ _185\"> </span> <span class=\"_ _1c6\"> </span>832 <span class=\"_ _12b\"> </span>968 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _116\"> </span>1.227 <span class=\"_ _129\"> </span>1.<span class=\"_ _1\"></span>177 A. Cession de cr\u00e9anc<span class=\"_ _1\"></span>es clients<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des cr\u00e9ances inclut des montants rele<span class=\"_ _1\"></span>vant d\u2019<span class=\"_ _1\"></span>accor<span class=\"_ _1\"></span>ds d\u2019affactur<span class=\"_ _1\"></span>age. Les filiales de Cenergy Holdings concluent des acc<span class=\"_ _1\"></span>ords d'affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours pour v<span class=\"_ _1\"></span>endre des cr\u00e9anc<span class=\"_ _1\"></span>es clients contre un v<span class=\"_ _1\"></span>ersement<span class=\"_ _8\"></span> en esp\u00e8ces. Ces cr\u00e9anc<span class=\"_ _1\"></span>es clients ne sont pas d\u00e9comptabilis\u00e9es de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8r<span class=\"_ _1\"></span>e, car la quasi-totalit\u00e9 des risques - principalement le risque de cr\u00e9dit - et des a<span class=\"_ _1\"></span>vantages sont conserv\u00e9s au sein du Gr<span class=\"_ _1\"></span>oupe. Le montant r<span class=\"_ _1\"></span>e\u00e7u lors du transfert par le fact<span class=\"_ _1\"></span>or est comptabilis\u00e9 en tant que pr\u00eat bancair<span class=\"_ _1\"></span>e garanti. Les informations suiv<span class=\"_ _1\"></span>antes indiquent la v<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e qui ont \u00e9t\u00e9<span class=\"_ _8\"></span> transf\u00e9r\u00e9es, mais n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 d\u00e9comptabilis\u00e9es, ainsi que les pas<span class=\"_ _1\"></span>sifs correspondants.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 V<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients c\u00e9d\u00e9es  <span class=\"_ _183\"> </span>16.265 <span class=\"_ _b6\"> </span>8.812 V<span class=\"_ _1\"></span>aleur comptable des passifs c<span class=\"_ _1\"></span>orrespondants <span class=\"_ _18b\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 La juste v<span class=\"_ _1\"></span>aleur des cr\u00e9ances clients c\u00e9d\u00e9es se r<span class=\"_ _1\"></span>approche de la valeur c<span class=\"_ _1\"></span>omptable.<span class=\"_ _8\"></span> Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, Cener<span class=\"_ _1\"></span>gy Holdings n'av<span class=\"_ _1\"></span>ait pas utilis\u00e9 le montant total de la ligne de cr\u00e9dit fournie par les soci\u00e9t\u00e9s d'affactur<span class=\"_ _1\"></span>age.<span class=\"_ _8\"></span> B. Risques de cr\u00e9dit et de march\u00e9 et pertes de v<span class=\"_ _1\"></span>aleur sur cr\u00e9ances clients En 2010, la filiale C<span class=\"_ _1\"></span>orinth Pipeworks S<span class=\"_ _1\"></span>A a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice c<span class=\"_ _1\"></span>ontre un ancien client au Moy<span class=\"_ _1\"></span>en-Orient conc<span class=\"_ _1\"></span>ernant le recouvr<span class=\"_ _1\"></span>ement d'une cr\u00e9ance en souffranc<span class=\"_ _1\"></span>e de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de pr<span class=\"_ _1\"></span>oc\u00e9dures judiciair<span class=\"_ _1\"></span>es, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 20<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span> et a d\u00e9cid\u00e9 de rejet<span class=\"_ _1\"></span>er toute demande r<span class=\"_ _1\"></span>econv<span class=\"_ _1\"></span>entionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipew<span class=\"_ _1\"></span>orks.<span class=\"_ _8\"></span> Afin de r<span class=\"_ _1\"></span>ecouvrer c<span class=\"_ _1\"></span>e solde d\u00fb depuis longtemps, Corinth Pipe<span class=\"_ _1\"></span>works a engag\u00e9 des proc\u00e9dur<span class=\"_ _1\"></span>es d\u2019<span class=\"_ _1\"></span>ex\u00e9cution \u00e0 l\u2019<span class=\"_ _1\"></span>encontre des actifs de l'ancien client situ\u00e9s dans l'un des pa<span class=\"_ _1\"></span>ys o\u00f9 l'arr\u00eat de la Cour de cassa<span class=\"_ _1\"></span>tion rendu contr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> l'ancien client est e<span class=\"_ _1\"></span>x\u00e9cutoire (<span class=\"_ _1\"></span>c'est-\u00e0-dire les \u00c9mir<span class=\"_ _1\"></span>ats Arabes Unis et div<span class=\"_ _1\"></span>ers autres pa<span class=\"_ _1\"></span>ys du Mo<span class=\"_ _1\"></span>yen-Orient). Il n'y a pas eu d'autres d\u00e9v<span class=\"_ _1\"></span>eloppements importants en 2022. Corinth Pipe<span class=\"_ _1\"></span>works av<span class=\"_ _1\"></span>ait comptabilis\u00e9 dans le pass\u00e9 une perte de v<span class=\"_ _1\"></span>aleur de 24,8 millions de dollars am\u00e9ricains. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la filiale poursuivra toute action r<span class=\"_ _1\"></span>equise afin de rec<span class=\"_ _1\"></span>ouvrer l\u2019int\u00e9gralit\u00e9 de c<span class=\"_ _1\"></span>ette cr\u00e9ance<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition de Cenergy Holdings aux risques de cr\u00e9dit et de mar<span class=\"_ _1\"></span>ch\u00e9, ainsi que sur les pertes de<span class=\"_ _8\"></span> valeur li\u00e9es aux cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs sont incluses \u00e0 la not<span class=\"_ _1\"></span>e 29.C.<span class=\"_ _1\"></span>1. 16. T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _1c7\"> </span>32 <span class=\"_ _1c8\"> </span>6 D\u00e9p\u00f4ts bancaires \u00e0 c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _dd\"> </span>167<span class=\"_ _0\"></span>.127 <span class=\"_ _143\"> </span>129.600 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _143\"> </span>129.606 Les d\u00e9p\u00f4ts bancair<span class=\"_ _1\"></span>es \u00e0 court terme ont une dur\u00e9e inf\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 90 jours et sont disponibles.<span class=\"_ _8\"></span> 17<span class=\"_ _0\"></span>. Immobilisations c<span class=\"_ _1\"></span>orporelles<span class=\"_ _8\"></span> A. Rapprochement des v<span class=\"_ _1\"></span>aleurs comptables  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Co\u00fbt <span class=\"_ _10c\"> </span> <span class=\"_ _1ca\"> </span> <span class=\"_ _b7\"> </span> <span class=\"_ _ed\"> </span> <span class=\"_ _f7\"> </span>  Solde au 1er janvier 2021 <span class=\"_ _122\"> </span>177<span class=\"_ _1\"></span>.222 <span class=\"_ _9b\"> </span>539.713 <span class=\"_ _65\"> </span>25.564 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a8\"> </span><span class=\"ff18\">794.<span class=\"_ _1\"></span>052</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _99\"> </span>(321) <span class=\"_ _1cb\"> </span>(75<span class=\"_ _1\"></span>7) <span class=\"_ _110\"> </span>(47) <span class=\"_ _1cc\"> </span>(22) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>147)</span> Acquisitions <span class=\"_ _42\"> </span>596 <span class=\"_ _5e\"> </span>7<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>75 <span class=\"_ _5c\"> </span>2.298 <span class=\"_ _7f\"> </span>30.<span class=\"_ _1\"></span>762 <span class=\"_ _68\"> </span><span class=\"ff18\">41.<span class=\"_ _1\"></span>130</span> Cessions <span class=\"_ _13a\"> </span>(625) <span class=\"_ _1a5\"> </span>(352) <span class=\"_ _a1\"> </span>(187) <span class=\"_ _3d\"> </span>(18) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.183)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _1b1\"> </span>(340) <span class=\"_ _ca\"> </span>(31) <span class=\"_ _fa\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(371)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>15.463 <span class=\"_ _34\"> </span>35.296 <span class=\"_ _1ca\"> </span>587 <span class=\"_ _112\"> </span>(51.444) <span class=\"_ _9b\"> </span><span class=\"ff18\">(99)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _124\"> </span>19<span class=\"_ _1\"></span>2.335 <span class=\"_ _55\"> </span>581.<span class=\"_ _1\"></span>034 <span class=\"_ _1a3\"> </span>28.184 <span class=\"_ _1cd\"> </span>30.831 <span class=\"_ _a6\"> </span>832.383 Solde au 1er janvier 2022 <span class=\"_ _6f\"> </span>192.335 <span class=\"_ _55\"> </span>581.034 <span class=\"_ _18f\"> </span>28.<span class=\"_ _1\"></span>184 <span class=\"_ _41\"> </span>30<span class=\"_ _1\"></span>.831 <span class=\"_ _a6\"> </span><span class=\"ff18\">832.383</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _b9\"> </span>1 <span class=\"_ _10\"> </span>4 <span class=\"_ _bb\"> </span>6 <span class=\"_ _64\"> </span>(96) <span class=\"_ _44\"> </span><span class=\"ff18\">(84)</span> Acquisitions <span class=\"_ _98\"> </span>17<span class=\"_ _0\"></span>.146 <span class=\"_ _93\"> </span>6.322 <span class=\"_ _10\"> </span>1.478 <span class=\"_ _56\"> </span>50.985 <span class=\"_ _53\"> </span><span class=\"ff18\">75.932</span> Cessions <span class=\"_ _1ce\"> </span>- <span class=\"_ _65\"> </span>(9) <span class=\"_ _1cf\"> </span>(23) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(32)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1d0\"> </span>(5) <span class=\"_ _a4\"> </span>(1.484) <span class=\"_ _10\"> </span>(188) <span class=\"_ _fa\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18\">(1.677)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _139\"> </span>2.404 <span class=\"_ _33\"> </span>12.556 <span class=\"_ _fe\"> </span>520 <span class=\"_ _3e\"> </span>(17<span class=\"_ _1\"></span>.215) <span class=\"_ _90\"> </span><span class=\"ff18\">(1.735)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f8\"> </span>211.881 <span class=\"_ _67\"> </span>598.424 <span class=\"_ _3d\"> </span>29.977 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _a8\"> </span>904.788  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Amortissements cumul\u00e9s  et pertes de v<span class=\"_ _1\"></span>aleur  Solde au 1 janvier 2021 <span class=\"_ _1d1\"> </span>(68.821) <span class=\"_ _6e\"> </span>(249<span class=\"_ _1\"></span>.778) <span class=\"_ _1d\"> </span>(17<span class=\"_ _1\"></span>.516) <span class=\"_ _fa\"> </span>- <span class=\"_ _97\"> </span><span class=\"ff18\">(336.<span class=\"_ _1\"></span>115)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d2\"> </span>224 <span class=\"_ _64\"> </span>487 <span class=\"_ _1d3\"> </span>37 <span class=\"_ _fa\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff18 lsef ws62\">74<span class=\"_ _8\"></span>8</span> Amortissement <span class=\"_ _1d4\"> </span>(3.238) <span class=\"_ _21\"> </span>(16.0<span class=\"_ _1\"></span>77) <span class=\"_ _3d\"> </span>(1.808) <span class=\"_ _fa\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff18\">(21.122)</span> Cessions <span class=\"_ _13c\"> </span>622 <span class=\"_ _1d\"> </span>298 <span class=\"_ _1d5\"> </span>185 <span class=\"_ _fa\"> </span>- <span class=\"_ _55\"> </span><span class=\"ff18\">1.<span class=\"_ _1\"></span>105</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _3f\"> </span>340 <span class=\"_ _1ac\"> </span>16 <span class=\"_ _fe\"> </span>- <span class=\"_ _a4\"> </span><span class=\"ff18 ls92 ws61\">356</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1d6\"> </span>- <span class=\"_ _1a5\"> </span>(872) <span class=\"_ _110\"> </span>(25) <span class=\"_ _fa\"> </span>- <span class=\"_ _1d7\"> </span><span class=\"ff18\">(898)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c0\"> </span>(71.213) <span class=\"_ _7e\"> </span>(265.602) <span class=\"_ _3d\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(3<span class=\"_ _1\"></span>55.925) Solde au 1 janvier 2022 <span class=\"_ _15c\"> </span>(71.213) <span class=\"_ _90\"> </span>(265.602) <span class=\"_ _5b\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fe\"> </span>- <span class=\"_ _6a\"> </span><span class=\"ff18\">(355.925)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d5\"> </span>(1) <span class=\"_ _1d8\"> </span>(22) <span class=\"_ _11a\"> </span>(4) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(27)</span> Amortissement <span class=\"_ _1d9\"> </span>(3.489) <span class=\"_ _1da\"> </span>(17<span class=\"_ _1\"></span>.528) <span class=\"_ _1d\"> </span>(2.02<span class=\"_ _1\"></span>4) <span class=\"_ _fa\"> </span>- <span class=\"_ _a8\"> </span><span class=\"ff18\">(23.041)</span> Cessions <span class=\"_ _1ce\"> </span>-  <span class=\"_ _1a9\"> </span>9 <span class=\"_ _d0\"> </span>17 <span class=\"_ _fa\"> </span>- <span class=\"_ _93\"> </span><span class=\"ff18\">26</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1db\"> </span>5 <span class=\"_ _1b3\"> </span>1.431 <span class=\"_ _ed\"> </span>187 <span class=\"_ _fa\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff18\">1.623</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1a4\"> </span>8 <span class=\"_ _27\"> </span>(70) <span class=\"_ _11a\"> </span>(5) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(66)</span> D\u00e9pr\u00e9ciation <span class=\"_ _104\"> </span>-  <span class=\"_ _44\"> </span>(1.222) <span class=\"_ _190\"> </span>- <span class=\"_ _fa\"> </span>- <span class=\"_ _90\"> </span><span class=\"ff18\">(1.222)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _132\"> </span>(7<span class=\"_ _1\"></span>4.690) <span class=\"_ _35\"> </span>(283.003) <span class=\"_ _1a5\"> </span>(20<span class=\"_ _1\"></span>.940) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(378.632) V<span class=\"_ _1\"></span>aleurs comptables<span class=\"ff19\"> <span class=\"_ _1dc\"> </span>  <span class=\"_ _1dd\"> </span>  <span class=\"_ _13d\"> </span>  <span class=\"_ _1ca\"> </span>  <span class=\"_ _1cc\"> </span> </span> Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1de\"> </span>108.401 <span class=\"_ _21\"> </span>289.935 <span class=\"_ _1a2\"> </span>8.048 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a6\"> </span><span class=\"ff18\">457<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _1df\"> </span>121.<span class=\"_ _1\"></span>122 <span class=\"_ _1da\"> </span>315.432 <span class=\"_ _99\"> </span>9.07<span class=\"_ _1\"></span>3 <span class=\"_ _71\"> </span>30.831 <span class=\"_ _29\"> </span>476.458</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1e0\"> </span>137<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>192 <span class=\"_ _44\"> </span>315.421 <span class=\"_ _1a2\"> </span>9.038 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _5f\"> </span>526.156 Le montant net des autr<span class=\"_ _1\"></span>es reclassifications c<span class=\"_ _1\"></span>oncerne les actifs incorporels en c<span class=\"_ _1\"></span>onstruction reclas<span class=\"_ _1\"></span>s\u00e9s au cours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en actifs incorporels et des r<span class=\"_ _1\"></span>eclassifications des actifs au titre du dr<span class=\"_ _1\"></span>oit d'utilisation. B. Nantissement Des immobilisations corpor<span class=\"_ _1\"></span>elles d\u2019une valeur comptable de 4<span class=\"_ _1\"></span>9 millions d\u2019eur<span class=\"_ _1\"></span>os sont donn\u00e9es en garanties d\u2019<span class=\"_ _1\"></span>emprunts re\u00e7us par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings (voir la not<span class=\"_ _1\"></span>e 26).<span class=\"_ _8\"></span> C. Immobilisations en cours de c<span class=\"_ _1\"></span>onstruction<span class=\"_ _8\"></span> Les \u00e9l\u00e9ments les plus importants dans les immobilisations corpor<span class=\"_ _1\"></span>elles en cours de cons<span class=\"_ _1\"></span>truction au 31 d\u00e9cembre 2022 conc<span class=\"_ _1\"></span>ernent principalement les inv<span class=\"_ _1\"></span>estissements en cours dans l\u2019usine de Corinthe du segment C\u00e2bles , une d\u00e9pense d\u2019inv<span class=\"_ _1\"></span>estissement de 6,<span class=\"_ _1\"></span>0 millions d\u2019eur<span class=\"_ _1\"></span>os pour soutenir la construction d\u2019une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis et certains in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sements dans l\u2019am\u00e9lioration de la pr<span class=\"_ _1\"></span>oductivit\u00e9 et de la capacit\u00e9 dans l\u2019usine de<span class=\"_ _8\"></span> This<span class=\"_ _1\"></span>vi du segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>. La plupart de ces pr<span class=\"_ _1\"></span>ojets de d\u00e9penses en capital, \u00e0 l\u2019e<span class=\"_ _1\"></span>xclusion de la c<span class=\"_ _1\"></span>onstruction<span class=\"_ _8\"></span> d\u2019une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis, devr<span class=\"_ _1\"></span>aient \u00eatre ache<span class=\"_ _1\"></span>v\u00e9s en 2023. Le montant de 17<span class=\"_ _0\"></span>,2 millions d\u2019eur<span class=\"_ _1\"></span>os reclass\u00e9 des actifs en c<span class=\"_ _1\"></span>onstruction en 2022 conc<span class=\"_ _1\"></span>erne des am\u00e9liorations s\u00e9lectives dans l\u2019usine de tubes d\u2019<span class=\"_ _1\"></span>acier de This<span class=\"_ _1\"></span>vi, en Gr\u00e8ce (6,6 millions d\u2019<span class=\"_ _1\"></span>euros) et des in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sements de 10,6 millions d\u2019<span class=\"_ _1\"></span>euros qui ont \u00e9t\u00e9 r\u00e9alis\u00e9s dans des unit\u00e9s de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles. Les co\u00fbts d\u2019<span class=\"_ _1\"></span>emprunt de 344 milliers<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros li\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>acquisition de nouvelles machines ont \u00e9t\u00e9 capitalis\u00e9s, calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de capitalisation de<span class=\"_ _8\"></span> 4,08 %. D<span class=\"_ _1\"></span>. D\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> En 2022, la d\u00e9pr\u00e9ciation de 1.222 milliers d\u2019<span class=\"_ _1\"></span>euros a r<span class=\"_ _1\"></span>epr\u00e9sent\u00e9 la r\u00e9duction de la valeur r<span class=\"_ _1\"></span>ecouvrable de c<span class=\"_ _1\"></span>ertaines<span class=\"_ _8\"></span> machines dans le segment C\u00e2bles en raison de l'obsolesc<span class=\"_ _1\"></span>ence technologique et de l\u2019<span class=\"_ _1\"></span>arr\u00eat de certaines activit\u00e9s<span class=\"_ _8\"></span> du segment. Cette d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion a \u00e9t\u00e9 comptabilis\u00e9e dans le compte de r\u00e9sultat en \u00ab autr<span class=\"_ _1\"></span>es charges \u00bb. La v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrable de ces machines a \u00e9t\u00e9 fix\u00e9e \u00e0 la v<span class=\"_ _1\"></span>aleur de rebut. 18. Contr<span class=\"_ _1\"></span>ats de location<span class=\"_ _8\"></span> A. Montants comptabilis\u00e9s dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 de la situation financi\u00e8re L'\u00e9tat consolid\u00e9 de la situation financi\u00e8r<span class=\"_ _1\"></span>e fait appar<span class=\"_ _1\"></span>a\u00eetre les montants suivants en c<span class=\"_ _1\"></span>e qui concerne les contr<span class=\"_ _1\"></span>ats de location :  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _1e1\"> </span> <span class=\"_ _1a0\"> </span>  B\u00e2timents <span class=\"_ _dd\"> </span> <span class=\"_ _1c6\"> </span>358 <span class=\"_ _f8\"> </span>408 Machines <span class=\"_ _1e2\"> </span> <span class=\"_ _1c6\"> </span>578 <span class=\"_ _12b\"> </span>598 Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _1e3\"> </span> <span class=\"_ _11d\"> </span>2.731 <span class=\"_ _e2\"> </span>2.347 Autres \u00e9quipements <span class=\"_ _9c\"> </span> <span class=\"_ _12c\"> </span>97 <span class=\"_ _1c8\"> </span>116 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _180\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _15f\"> </span>3.469 Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _1ce\"> </span> <span class=\"_ _6b\"> </span>  Obligations locativ<span class=\"_ _1\"></span>es courantes <span class=\"_ _47\"> </span>26 <span class=\"_ _132\"> </span>1.224 <span class=\"_ _129\"> </span>1.216 Obligations locativ<span class=\"_ _1\"></span>es non courantes <span class=\"_ _10b\"> </span>26 <span class=\"_ _11c\"> </span>2.233 <span class=\"_ _11d\"> </span>2.080 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _180\"> </span>3.457 <span class=\"_ _198\"> </span>3.296B. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable des actifs au titre du droit d'utilisa<span class=\"_ _1\"></span>tion<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier  <span class=\"_ _1e4\"> </span>3.469 <span class=\"_ _186\"> </span>5.598 Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1e5\"> </span>29 <span class=\"_ _1c8\"> </span>6 Acquisitions <span class=\"_ _1e6\"> </span>1.597 <span class=\"_ _198\"> </span>909 Fin d'utilisation  <span class=\"_ _1e7\"> </span>(194) <span class=\"_ _d5\"> </span>(176) Modifications  <span class=\"_ _1e8\"> </span>29 <span class=\"_ _c8\"> </span>- Amortissements  <span class=\"_ _17d\"> </span>(1.221) <span class=\"_ _18a\"> </span>(1.490) Autres r<span class=\"_ _1\"></span>eclassifications  <span class=\"_ _172\"> </span>54 <span class=\"_ _be\"> </span>(1.377) Solde au 31 d\u00e9cembre  <span class=\"_ _1e9\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _d7\"> </span>3.469C. Montants comptabilis\u00e9s dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats<span class=\"_ _8\"></span> Le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 fait appar<span class=\"_ _1\"></span>a\u00eetre les montants suiv<span class=\"_ _1\"></span>ants en relation av<span class=\"_ _1\"></span>ec les contr<span class=\"_ _1\"></span>ats de location :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Amortissement des actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation <span class=\"_ _1ea\"> </span>  B\u00e2timents <span class=\"_ _c2\"> </span>76 <span class=\"_ _1eb\"> </span>68 Machines <span class=\"_ _1ec\"> </span>51 <span class=\"_ _16b\"> </span>252 Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _1ed\"> </span>1.029 <span class=\"_ _116\"> </span>1.10<span class=\"_ _1\"></span>7 Autres \u00e9quipements <span class=\"_ _1ee\"> </span>64 <span class=\"_ _1eb\"> </span>63 T<span class=\"_ _0\"></span>otal <span class=\"_ _1ef\"> </span>1.221 <span class=\"_ _186\"> </span>1.490 Frais d'int\u00e9r\u00eat (inclus dans le c<span class=\"_ _1\"></span>o\u00fbt financier) <span class=\"_ _95\"> </span>226 <span class=\"_ _df\"> </span>207 Lo<span class=\"_ _1\"></span>yers variables <span class=\"_ _1f1\"> </span>27<span class=\"_ _0\"></span>4 <span class=\"_ _1c6\"> </span>123 Lo<span class=\"_ _1\"></span>yers de faible v<span class=\"_ _1\"></span>aleur <span class=\"_ _1f2\"> </span>27<span class=\"_ _1\"></span>5 <span class=\"_ _133\"> </span>190 Lo<span class=\"_ _1\"></span>yers \u00e0 court terme <span class=\"_ _102\"> </span>2.865 <span class=\"_ _128\"> </span>1.68019. Immobilisations inc<span class=\"_ _1\"></span>orporelles<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Co\u00fbt<span class=\"ff19\"> <span class=\"_ _1c3\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span>  <span class=\"_ _1f5\"> </span>  <span class=\"_ _1d\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1f6\"> </span>1.57<span class=\"_ _1\"></span>5 <span class=\"_ _1d\"> </span>30.<span class=\"_ _1\"></span>189 <span class=\"_ _3f\"> </span>16.512 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _90\"> </span><span class=\"ff18\">48.5<span class=\"_ _1\"></span>78</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _65\"> </span>(83) <span class=\"_ _1f7\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(83)</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _109\"> </span>1.446 <span class=\"_ _1a8\"> </span>1.962 <span class=\"_ _1f7\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">3.408</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>(1.200) <span class=\"_ _1a2\"> </span>1.610 <span class=\"_ _10d\"> </span>1.697 <span class=\"_ _19f\"> </span>-  <span class=\"_ _1d7\"> </span>2.10<span class=\"_ _1\"></span>7 Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1d1\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1e\"> </span>33.245 <span class=\"_ _1a5\"> </span>20.<span class=\"_ _1\"></span>087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>54.010 Solde au 1 janvier 2022 <span class=\"_ _195\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _89\"> </span>33.2<span class=\"_ _1\"></span>45 <span class=\"_ _5e\"> </span>20<span class=\"_ _1\"></span>.087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span><span class=\"ff18\">54.010</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _ed\"> </span>2 <span class=\"_ _1f7\"> </span>- <span class=\"_ _1e\"> </span><span class=\"ff18\">2</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _fd\"> </span>1.47<span class=\"_ _1\"></span>9 <span class=\"_ _3d\"> </span>1.597 <span class=\"_ _19f\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff18\">3.077</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1f8\"> </span>- <span class=\"_ _84\"> </span>386 <span class=\"_ _5b\"> </span>1.361 <span class=\"_ _19f\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18 lsef ws62\">1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _7\"></span>7</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f5\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _5b\"> </span>35.111 <span class=\"_ _93\"> </span>23.048 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>58.836 <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Amortissement cumul\u00e9 et  pertes de v<span class=\"_ _1\"></span>aleur<span class=\"ff19\"> <span class=\"_ _1f9\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span><span class=\"fc6 sc0\"> </span> <span class=\"_ _1f5\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1fa\"> </span>(902) <span class=\"_ _89\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>16) <span class=\"_ _1cd\"> </span>(10.514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(224) <span class=\"_ _29\"> </span><span class=\"ff18\">(19.256)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _1f5\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">55</span> Amortissements <span class=\"_ _1dc\"> </span>(80) <span class=\"_ _1d8\"> </span>(1.962) <span class=\"_ _46\"> </span>(1.7<span class=\"_ _1\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _27\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(3.821)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1fb\"> </span>608 <span class=\"_ _1fc\"> </span>-  <span class=\"_ _89\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _9b\"> </span><span class=\"ff18 ls94 ws5c\">267</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _ea\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _1b3\"> </span>(9.578) <span class=\"_ _94\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _91\"> </span>(22.7<span class=\"_ _1\"></span>55) Solde au 1 janvier 2022 <span class=\"_ _1fd\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _27\"> </span>(9.5<span class=\"_ _1\"></span>78) <span class=\"_ _43\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _7f\"> </span>(237) <span class=\"_ _91\"> </span><span class=\"ff18\">(22.755)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _cd\"> </span> - <span class=\"_ _1d3\"> </span> - <span class=\"_ _e8\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _63\"> </span> - <span class=\"_ _27\"> </span><span class=\"ff18\"> -</span> Amortissements <span class=\"_ _1db\"> </span>-  <span class=\"_ _1b3\"> </span>(2.217) <span class=\"_ _5e\"> </span>(1.894)<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(4.<span class=\"_ _1\"></span>123)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _130\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _5e\"> </span>(11.795) <span class=\"_ _56\"> </span>(14.461)<span class=\"fc6 sc0\"> </span><span class=\"_ _113\"> </span>(250) <span class=\"_ _ac\"> </span>(26.87<span class=\"_ _1\"></span>9) V<span class=\"_ _1\"></span>aleurs comptables nettes <span class=\"_ _1fe\"> </span> <span class=\"_ _1ff\"> </span> <span class=\"_ _1ac\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _1d2\"> </span>  Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c2\"> </span>673 <span class=\"_ _64\"> </span>22.5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 <span class=\"_ _64\"> </span>5.997<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>79 <span class=\"_ _90\"> </span><span class=\"ff18\">29.323</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _200\"> </span>-  <span class=\"_ _19e\"> </span>23.667 <span class=\"_ _10d\"> </span>7<span class=\"_ _1\"></span>.521<span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>66 <span class=\"_ _8d\"> </span>31.254</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1b2\"> </span>-  <span class=\"_ _27\"> </span>23.316 <span class=\"_ _64\"> </span>8.588<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>53 <span class=\"_ _ef\"> </span>31.957B. Amortissements L'amortissement des mar<span class=\"_ _1\"></span>ques commerciales et des lic<span class=\"_ _1\"></span>ences dont la dur\u00e9e d\u2019utilit\u00e9 est limit\u00e9e, des logiciels et d\u2019autr<span class=\"_ _1\"></span>es immobilisations incorpor<span class=\"_ _1\"></span>elles sont allou\u00e9s au co\u00fbt des stocks et sont inclus dans les co\u00fbts de v<span class=\"_ _1\"></span>ente lorsque le stock es<span class=\"_ _1\"></span>t vendu, car les mar<span class=\"_ _1\"></span>ques et licences et les logiciels sont principalement utilis\u00e9s direct<span class=\"_ _1\"></span>ement pour la<span class=\"_ _8\"></span> fabrication de pr<span class=\"_ _1\"></span>oduits et sont consid\u00e9r\u00e9s comme des fr<span class=\"_ _1\"></span>ais g\u00e9n\u00e9raux de pr<span class=\"_ _1\"></span>oduction. L\u2019<span class=\"_ _1\"></span>amortissement des actifs<span class=\"_ _8\"></span> incorpor<span class=\"_ _1\"></span>els qui ne sont pas utilis\u00e9s pour la production est affect\u00e9 aux d\u00e9penses adminis<span class=\"_ _1\"></span>trativ<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> C. Immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e de vie utile ind\u00e9finie<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>outes les immobilisations inc<span class=\"_ _1\"></span>orporelles ont une dur\u00e9e d\u2019utilit\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, \u00e0 l\u2019e<span class=\"_ _1\"></span>xc<span class=\"_ _1\"></span>eption des actifs suivants, inclus dans la cat\u00e9gorie marques et lic<span class=\"_ _1\"></span>ences : a. D\u00e9nomination commerciale \u00ab F<span class=\"_ _1\"></span>ulgor \u00bb (valeur comp<span class=\"_ _1\"></span>table de 1,4 millions d'euros au 31 d\u00e9cembre 2022) Cette appella<span class=\"_ _1\"></span>tion porte sur le secteur des c\u00e2bles sous-marins de mo<span class=\"_ _1\"></span>yenne tension et des c\u00e2bles t<span class=\"_ _1\"></span>errestr<span class=\"_ _1\"></span>es haute tension dans lequel Fulgor e<span class=\"_ _1\"></span>xer\u00e7ait des activit\u00e9s a<span class=\"_ _1\"></span>vant son acquisition par Hellenic Cables en 2011, et qui es<span class=\"_ _1\"></span>t assorti<span class=\"_ _8\"></span> d\u2019a<span class=\"_ _1\"></span>vantages \u00e9conomiques subs<span class=\"_ _1\"></span>tantiels. Sur la base de l\u2019analyse de fact<span class=\"_ _1\"></span>eurs pertinents (par ex<span class=\"_ _1\"></span>emple, taux de notori\u00e9t\u00e9, absence d\u2019<span class=\"_ _1\"></span>engagement de longue dur\u00e9e aupr\u00e8s d\u2019une client\u00e8le lar<span class=\"_ _1\"></span>ge, d\u00e9veloppement futur du sect<span class=\"_ _1\"></span>eur), la<span class=\"_ _8\"></span> dur\u00e9e de vie utile de la marque es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme \u00e9tant ind\u00e9finie. b. License d'utilisa<span class=\"_ _1\"></span>tion portuaire \u00e0 Soussaki, Corinthe (valeur c<span class=\"_ _1\"></span>omptable de 8,3 millions d'euros au 31 d\u00e9cembre 2022) Fulgor d\u00e9tient une licenc<span class=\"_ _1\"></span>e pour l\u2019utilisation permanente et ex<span class=\"_ _1\"></span>clusive du port situ\u00e9 sur le sit<span class=\"_ _1\"></span>e de l\u2019usine, dans la localit\u00e9 de Soussaki, \u00e0 Corinthe. L<span class=\"_ _1\"></span>e port est n\u00e9cessair<span class=\"_ _1\"></span>e pour la production et le tr<span class=\"_ _1\"></span>ansport de c\u00e2bles sous-marins de<span class=\"_ _8\"></span> moy<span class=\"_ _1\"></span>enne et haute t<span class=\"_ _1\"></span>ension. Depuis l'acquisition de la soci\u00e9t\u00e9, des inv<span class=\"_ _1\"></span>estissements importants ont \u00e9t\u00e9 r\u00e9alis\u00e9s pour la mise \u00e0 niveau et l'e<span class=\"_ _1\"></span>xpansion de la capacit\u00e9 de production des c\u00e2bles sous-marins mo<span class=\"_ _1\"></span>yenne et haut<span class=\"_ _1\"></span>e tension. La dur\u00e9e de vie utile de l'actif est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme ind\u00e9finie puisque le droit d'utilisation de ces ins<span class=\"_ _1\"></span>tallations<span class=\"_ _8\"></span> portuaires es<span class=\"_ _1\"></span>t d'une dur\u00e9e ind\u00e9finie.<span class=\"_ _8\"></span> D<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ests de d\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> Ces immobilisations incorpor<span class=\"_ _1\"></span>elles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UG<span class=\"_ _1\"></span>T du site de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles sous-marins de Fulgor<span class=\"_ _8\"></span> qui int\u00e8gre c<span class=\"_ _1\"></span>es actifs. Pour \u00e9valuer la v<span class=\"_ _1\"></span>aleur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie f<span class=\"_ _1\"></span>ond\u00e9es sur des estimations de la Direction c<span class=\"_ _1\"></span>ouvrant une p\u00e9riode de cinq ans (2023 \u2013 202<span class=\"_ _1\"></span>7). Ces<span class=\"_ _8\"></span> projections tiennent c<span class=\"_ _1\"></span>ompte des contr<span class=\"_ _1\"></span>ats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats a<span class=\"_ _1\"></span>ttendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>. L'UGT des c\u00e2bles sous-marins f<span class=\"_ _1\"></span>onctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par c<span class=\"_ _1\"></span>ons\u00e9quent, les hypoth\u00e8ses relativ<span class=\"_ _1\"></span>es \u00e0 la crois<span class=\"_ _1\"></span>sance du chiffre d'aff<span class=\"_ _1\"></span>aires et de la rentabilit\u00e9 sont bas\u00e9es sur les c<span class=\"_ _1\"></span>ontrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui de<span class=\"_ _1\"></span>vraient \u00eatr<span class=\"_ _1\"></span>e entrepris au cours de la p\u00e9riode \u00e0 v<span class=\"_ _1\"></span>enir<span class=\"_ _1\"></span>. Les principales hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les pr<span class=\"_ _1\"></span>ojets \u00e0 ex\u00e9cuter au c<span class=\"_ _1\"></span>ours de la p\u00e9riode de cinq ans sont les suivantes : \u2022 <span class=\"_ _20\"> </span>Utilisa<span class=\"_ _1\"></span>tion progres<span class=\"_ _1\"></span>sivement \u00e9le<span class=\"_ _1\"></span>v\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>omme celle<span class=\"_ _8\"></span> observ\u00e9e au cours des 3 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 a<span class=\"_ _1\"></span>ttribu\u00e9s et de ceux attendus c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> tenu de l\u2019<span class=\"_ _1\"></span>activit\u00e9 d\u2019appel d\u2019<span class=\"_ _1\"></span>offres. Compt<span class=\"_ _1\"></span>e tenu du carnet de commandes e<span class=\"_ _1\"></span>xistant et de la croissanc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> activit\u00e9s li\u00e9es aux \u00e9nergies r<span class=\"_ _1\"></span>enouvelables dans le monde entier<span class=\"_ _0\"></span>, qui est un facteur important des perspectiv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> attr<span class=\"_ _1\"></span>ayant<span class=\"_ _1\"></span>es du march\u00e9 de la production d\u2019\u00e9ner<span class=\"_ _1\"></span>gie en mer<span class=\"_ _1\"></span>, le niv<span class=\"_ _1\"></span>eau d\u2019activit\u00e9 \u00e9lev\u00e9 de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e maintenu tout au long de la p\u00e9riode 2023-202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. \u2022 <span class=\"_ _20\"> </span>D\u00e9penses d\u2019in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sement d\u2019en<span class=\"_ _1\"></span>viron 189 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de pr<span class=\"_ _1\"></span>oduction et de capacit\u00e9. Les d\u00e9penses d\u2019inv<span class=\"_ _1\"></span>estissement r<span class=\"_ _1\"></span>efl\u00e8tent les inv<span class=\"_ _1\"></span>estissements pour la maintenanc<span class=\"_ _1\"></span>e ainsi que la croissanc<span class=\"_ _1\"></span>e organique. Pour la p\u00e9riode t<span class=\"_ _1\"></span>erminale, l\u2019hypoth\u00e8se est que les inv<span class=\"_ _1\"></span>estissements sont \u00e9gaux \u00e0 l\u2019<span class=\"_ _1\"></span>amortissement. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires de l\u2019<span class=\"_ _1\"></span>activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 envir<span class=\"_ _1\"></span>on 24 %, en r<span class=\"_ _1\"></span>aison de l\u2019attribution de nouv<span class=\"_ _1\"></span>eaux projets, principalement en Gr\u00e8ce<span class=\"_ _1\"></span>, en Europe du Nord et aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>La mar<span class=\"_ _1\"></span>ge EBITD<span class=\"_ _1\"></span>A par projet offshor<span class=\"_ _1\"></span>e est suppos\u00e9e se situer dans une fourchett<span class=\"_ _1\"></span>e de 15 % \u00e0 25 % du chiffre d\u2019aff<span class=\"_ _1\"></span>aires. La rentabilit\u00e9 es<span class=\"_ _1\"></span>tim\u00e9e par projet varie en f<span class=\"_ _1\"></span>onction des diff\u00e9rents types de c\u00e2bles r<span class=\"_ _1\"></span>equis, des<span class=\"_ _8\"></span> sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ogr<span class=\"_ _1\"></span>aphique et du calendrier du projet.  \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 des frais d\u2019<span class=\"_ _1\"></span>exploita<span class=\"_ _1\"></span>tion fixes est suppos\u00e9 \u00e9gal \u00e0 en<span class=\"_ _1\"></span>viron 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de croissanc<span class=\"_ _1\"></span>e \u00e0 long<span class=\"_ _8\"></span> terme estim\u00e9 de 1,5<span class=\"_ _1\"></span>2%, qui refl\u00e8te principalement les estima<span class=\"_ _1\"></span>tions de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de cr<span class=\"_ _1\"></span>oissance \u00e0 long t<span class=\"_ _1\"></span>erme du secteur des c\u00e2bles offshore. L<span class=\"_ _1\"></span>e taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de c<span class=\"_ _1\"></span>es flux de tr\u00e9sorerie \u00e9tait de 12,0<span class=\"_ _1\"></span>2%, sur la base des hypoth\u00e8ses suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations eur<span class=\"_ _1\"></span>op\u00e9ennes AAA.\u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la c<span class=\"_ _1\"></span>omposition des ventes futur<span class=\"_ _1\"></span>es attendues et sur le fait que l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale est bas\u00e9e en Gr\u00e8ce.\u2022 <span class=\"_ _20\"> </span>La prime de risque de mar<span class=\"_ _1\"></span>ch\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e plus \u00e9lev\u00e9e que c<span class=\"_ _1\"></span>elle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8r<span class=\"_ _1\"></span>e, \u00e9tant donn\u00e9 que les conditions de mar<span class=\"_ _1\"></span>ch\u00e9 se sont d\u00e9t\u00e9rior\u00e9es.<span class=\"_ _8\"></span> Les prix <span class=\"_ _8\"></span>des produits de base pour le cuivr<span class=\"_ _1\"></span>e et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du t<span class=\"_ _1\"></span>est<span class=\"_ _8\"></span> de d\u00e9pr<span class=\"_ _1\"></span>\u00e9ciation ;<span class=\"_ _1\"></span> toutefois, les activit\u00e9s de c<span class=\"_ _1\"></span>ouverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la na<span class=\"_ _1\"></span>ture personnalis\u00e9e des produits v<span class=\"_ _1\"></span>endus par Fulgor<span class=\"_ _1\"></span>, sugg\u00e8r<span class=\"_ _1\"></span>ent que la valeur de l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale n\u2019<span class=\"_ _1\"></span>est pas affect\u00e9e de mani\u00e8re significativ<span class=\"_ _1\"></span>e par les fluctuations des prix des produits de base. Par c<span class=\"_ _1\"></span>ons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le cont<span class=\"_ _1\"></span>exte du t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation.<span class=\"_ _8\"></span> Les r\u00e9sultats de ce t<span class=\"_ _1\"></span>est indiquent que la valeur r<span class=\"_ _1\"></span>ecouvrable au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 d\u00e9pas<span class=\"_ _1\"></span>se de 688 millions d\u2019eur<span class=\"_ _1\"></span>os la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable de l\u2019UGT (soit 233 millions d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Une analyse de sensibilit\u00e9 portant sur les principales h<span class=\"_ _1\"></span>ypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et crois<span class=\"_ _1\"></span>sance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019<span class=\"_ _1\"></span>ad\u00e9quation de la marge de s\u00e9curit\u00e9. L<span class=\"_ _1\"></span>es r\u00e9sultats de cette analy<span class=\"_ _1\"></span>se de<span class=\"_ _8\"></span> sensibilit\u00e9 ont indiqu\u00e9 que le montant rec<span class=\"_ _1\"></span>ouvrable e<span class=\"_ _1\"></span>xc\u00e8de nettement la v<span class=\"_ _1\"></span>aleur comptable de l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>. Les hypoth\u00e8ses peuvent changer c<span class=\"_ _1\"></span>omme suit pour que la valeur r<span class=\"_ _1\"></span>ecouvrable soit \u00e9gale \u00e0 la v<span class=\"_ _1\"></span>aleur comptable :  Hypoth\u00e8ses utilis\u00e9es V<span class=\"_ _1\"></span>ariation de taux  (<span class=\"_ _1\"></span>en points de pourcentage<span class=\"_ _1\"></span>)<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  T<span class=\"_ _0\"></span>aux d\u2019actualisation <span class=\"_ _1e2\"> </span>12,<span class=\"_ _1\"></span>02 % <span class=\"_ _203\"> </span>+ 14,5 ppc Croissance perp\u00e9tuelle <span class=\"_ _154\"> </span>1,52 % <span class=\"_ _1a7\"> </span>- 118,<span class=\"_ _1\"></span>0 ppc20. Biens immobiliers de plac<span class=\"_ _1\"></span>ements<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1e7\"> </span>7<span class=\"_ _1\"></span>64 <span class=\"_ _df\"> </span>764 Cession <span class=\"_ _150\"> </span>(609) <span class=\"_ _204\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _1ed\"> </span>155 <span class=\"_ _e2\"> </span>764 V<span class=\"_ _1\"></span>aleur comptable brute <span class=\"_ _205\"> </span>571 <span class=\"_ _180\"> </span>1.348 Amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _206\"> </span>(416) <span class=\"_ _145\"> </span>(584) V<span class=\"_ _1\"></span>aleur comptable le 31 d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1e2\"> </span>155 <span class=\"_ _e2\"> </span>764Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, les biens immobiliers de placements c<span class=\"_ _1\"></span>onsistent en plusieurs propri\u00e9t\u00e9s f<span class=\"_ _1\"></span>onci\u00e8res, en Gr\u00e8ce. Aucun d\u2019<span class=\"_ _1\"></span>entre eux n\u2019<span class=\"_ _1\"></span>est lou\u00e9 actuellement. Ces pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9s ne sont pas actuellement utilis\u00e9es par Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> et sont d\u00e9tenues soit pour r\u00e9aliser une plus-v<span class=\"_ _1\"></span>alue en capital soit pour \u00eatre lou\u00e9es dans un a<span class=\"_ _1\"></span>venir pr<span class=\"_ _1\"></span>oche.<span class=\"_ _8\"></span> En 2022, un bien foncier d'une v<span class=\"_ _1\"></span>aleur comptable de 609 milliers d'euros ainsi que des dr<span class=\"_ _1\"></span>oits associ\u00e9s de 151 milliers d'euros (inscrits dans la ligne \u00ab Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs \u00bb \u00e0 long t<span class=\"_ _1\"></span>erme) ont \u00e9t\u00e9 v<span class=\"_ _1\"></span>endus \u00e0 un tiers. Le<span class=\"_ _8\"></span> produit de c<span class=\"_ _1\"></span>ette cession s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 1,<span class=\"_ _1\"></span>1 millions d'euros. B. \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur \u2013 pert<span class=\"_ _1\"></span>e de valeur et reprise subs\u00e9quent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon l\u2019\u00e9valuation de la dir<span class=\"_ _1\"></span>ection, au cours de la p\u00e9riode en cours, il n\u2019y a<span class=\"_ _1\"></span>vait aucune indication de pert<span class=\"_ _1\"></span>e de valeur ou de reprise de pert<span class=\"_ _1\"></span>e de valeur d\u2019un bien immobilier<span class=\"_ _1\"></span>. La jus<span class=\"_ _1\"></span>te valeur des biens immobiliers s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 195 milliers d'euros au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, tandis que la perte de v<span class=\"_ _1\"></span>aleur cumul\u00e9e s'\u00e9l\u00e8ve \u00e0 416 milliers d'eur<span class=\"_ _1\"></span>os. Les fact<span class=\"_ _1\"></span>eurs utilis\u00e9s<span class=\"_ _8\"></span> pour la mesure de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers ont \u00e9t\u00e9 class\u00e9s au niv<span class=\"_ _1\"></span>eau 2, en fonction des techniques d'\u00e9valuation utilis\u00e9es. C. Restrictions - obligations c<span class=\"_ _1\"></span>ontractuelles Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e pas de restrictions ni d\u2019<span class=\"_ _1\"></span>obligations particuli\u00e8r<span class=\"_ _1\"></span>es dans la gestion des biens immobiliers de placements. 21. Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _159\"> </span>36.431 <span class=\"_ _135\"> </span>34.539 Quote-part dans le r\u00e9sultat apr\u00e8s imp\u00f4t <span class=\"_ _207\"> </span>6.059 <span class=\"_ _180\"> </span>1.855 Quote-part dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _118\"> </span>(133) <span class=\"_ _dc\"> </span>(94) Cessions <span class=\"_ _174\"> </span>(2.358) <span class=\"_ _c8\"> </span>- Dividendes re\u00e7us <span class=\"_ _208\"> </span>(282) <span class=\"_ _186\"> </span>(656) Ecarts de change <span class=\"_ _209\"> </span>1.24<span class=\"_ _1\"></span>1 <span class=\"_ _16b\"> </span>786 Solde au 31 d\u00e9cembre <span class=\"_ _20a\"> </span>40.959 <span class=\"_ _be\"> </span>36.431Au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e pr\u00e9c\u00e9dente, le Gr<span class=\"_ _1\"></span>oupe, par l\u2019interm\u00e9diaire de CP<span class=\"_ _1\"></span>W America, d\u00e9tenait une participation de 19,4 % dans Bellville T<span class=\"_ _0\"></span>ube Company et comptabilisait l\u2019in<span class=\"_ _1\"></span>vestissement en tant qu\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise associ\u00e9e. En ao\u00fbt 2022, le Gr<span class=\"_ _1\"></span>oupe<span class=\"_ _8\"></span> a c\u00e9d\u00e9 sa participation dans Bellville T<span class=\"_ _0\"></span>ube Company pour un montant de 3,3 millions de dollars am\u00e9ricains, \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir<span class=\"_ _8\"></span> par versements mensuels. L<span class=\"_ _1\"></span>e prix de cession \u00e9tait conf<span class=\"_ _1\"></span>orme \u00e0 l\u2019accor<span class=\"_ _1\"></span>d d\u2019achat initial, qui pr<span class=\"_ _1\"></span>escrit que CPW America<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait l\u2019<span class=\"_ _1\"></span>option, au cours de la p\u00e9riode 2022-2025, d\u2019<span class=\"_ _1\"></span>exiger que Bellville T<span class=\"_ _0\"></span>ube Compan<span class=\"_ _1\"></span>y rach\u00e8te la totalit\u00e9, mais pas moins que la totalit\u00e9, des actions de Bellville T<span class=\"_ _0\"></span>ube Company alors d\u00e9t<span class=\"_ _1\"></span>enues par CPW America. Le prix d\u2019achat global des actions rachet\u00e9es a \u00e9t\u00e9 fix\u00e9 \u00e0 3,3 millions de dollars am\u00e9ricains, soit le montant initialement v<span class=\"_ _1\"></span>ers\u00e9 pour l\u2019achat de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company<span class=\"_ _0\"></span>. Cette transaction a \u00e9galement entr<span class=\"_ _1\"></span>a\u00een\u00e9 la d\u00e9comptabilisation des options li\u00e9es pr\u00e9c\u00e9demment comptabilis\u00e9es dans l\u2019\u00e9tat de la situation financi\u00e8r<span class=\"_ _1\"></span>e. Le montant comptabilis\u00e9 c<span class=\"_ _1\"></span>omme une perte dans le<span class=\"_ _8\"></span> compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9est calcul\u00e9 comme suit :<span class=\"ls6\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros   Prix de cession <span class=\"_ _ae\"> </span>3.2<span class=\"_ _1\"></span>41 Moins :  <span class=\"_ _20b\"> </span>  V<span class=\"_ _1\"></span>aleur comptable de l'in<span class=\"_ _1\"></span>vestissement \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _d1\"> </span>(2.358) V<span class=\"_ _1\"></span>aleur comptable des options \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _20c\"> </span>(1.040) Perte enregis<span class=\"_ _1\"></span>tr\u00e9e de la cession de l'entreprise associ\u00e9s <span class=\"_ _16c\"> </span>(156)B. Informations financi\u00e8res par entr<span class=\"_ _1\"></span>eprise associ\u00e9e Les tableaux suiv<span class=\"_ _1\"></span>ants pr\u00e9sentent les informations financi\u00e8r<span class=\"_ _1\"></span>es par entreprise associ\u00e9e. L'inf<span class=\"_ _1\"></span>ormation financi\u00e8re fournie r<span class=\"_ _1\"></span>efl\u00e8te les montants des \u00e9tats financiers des entreprises as<span class=\"_ _1\"></span>soci\u00e9es concern\u00e9es.  2022 <span class=\"_ _20d\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _10a\"> </span>52.518 <span class=\"_ _1fc\"> </span>1.861 <span class=\"_ _14c\"> </span>1.77<span class=\"_ _1\"></span>9 <span class=\"_ _94\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c0\"> </span>2.781 <span class=\"_ _170\"> </span>95 <span class=\"_ _20f\"> </span>94 <span class=\"_ _7f\"> </span>26,<span class=\"_ _1\"></span>19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _11a\"> </span>95.246 <span class=\"_ _1d3\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.28<span class=\"_ _1\"></span>7 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _1cc\"> </span>1.724.<span class=\"_ _1\"></span>169 <span class=\"_ _1d5\"> </span>6.600 <span class=\"_ _210\"> </span>6.071 <span class=\"_ _ab\"> </span>20,50 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _34\"> </span>13.<span class=\"_ _1\"></span>191 <span class=\"_ _11b\"> </span>5.388 <span class=\"_ _99\"> </span>13.373 <span class=\"_ _89\"> </span>2.619 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _19e\"> </span>2.966 <span class=\"_ _ed\"> </span>11.846 <span class=\"_ _147\"> </span>891 <span class=\"_ _1d\"> </span>8.<span class=\"_ _1\"></span>172 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _41\"> </span>69.910 <span class=\"_ _11b\"> </span>5.252 <span class=\"_ _5b\"> </span>42.498 <span class=\"_ _10\"> </span>87 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _80\"> </span>149.5<span class=\"_ _1\"></span>77 <span class=\"_ _11b\"> </span>8.24<span class=\"_ _1\"></span>7 <span class=\"_ _1a3\"> </span>103.<span class=\"_ _1\"></span>172 <span class=\"_ _4e\"> </span>6.032 2021 <span class=\"_ _212\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _184\"> </span>39.4<span class=\"_ _1\"></span>78 <span class=\"_ _e6\"> </span>825 <span class=\"_ _11b\"> </span>713 <span class=\"_ _34\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c3\"> </span>2.44<span class=\"_ _1\"></span>7 <span class=\"_ _be\"> </span>127 <span class=\"_ _184\"> </span>131 <span class=\"_ _7f\"> </span>26,19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _213\"> </span>70<span class=\"_ _1\"></span>.009 <span class=\"_ _d0\"> </span>1.910 <span class=\"_ _14c\"> </span>1.910 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _27\"> </span>1.438.330 <span class=\"_ _214\"> </span>5.816 <span class=\"_ _188\"> </span>5.516 <span class=\"_ _a4\"> </span>20,50 % BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>\u00c9tats-Unis <span class=\"_ _f7\"> </span>20<span class=\"_ _1\"></span>.238 <span class=\"_ _1dd\"> </span>(2.837) <span class=\"_ _f7\"> </span>(2.837) <span class=\"_ _3e\"> </span>19,40 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _a4\"> </span>7<span class=\"_ _1\"></span>.847 <span class=\"_ _184\"> </span>3.561 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37 <span class=\"_ _1cc\"> </span>1.710 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _1e\"> </span>1.968 <span class=\"_ _ca\"> </span>12.0<span class=\"_ _1\"></span>70 <span class=\"_ _147\"> </span>193 <span class=\"_ _5d\"> </span>8.<span class=\"_ _1\"></span>191 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _10e\"> </span>64.836 <span class=\"_ _ed\"> </span>5.004 <span class=\"_ _5b\"> </span>46.926 <span class=\"_ _1f5\"> </span>23 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _55\"> </span>187<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>131 <span class=\"_ _1ac\"> </span>7<span class=\"_ _1\"></span>.681 <span class=\"_ _1d\"> </span>145.803 <span class=\"_ _3f\"> </span>6.461 BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _f7\"> </span>422 <span class=\"_ _213\"> </span>13.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>44 <span class=\"_ _1f5\"> </span>3.988 <span class=\"_ _89\"> </span>3.418Le tableau suiv<span class=\"_ _1\"></span>ant analyse la participation dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et d'autres entr<span class=\"_ _1\"></span>eprises associ\u00e9es importantes :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 1 janvier (100 %) <span class=\"_ _215\"> </span>22.891 <span class=\"_ _13d\"> </span>20.336 R\u00e9sultat global total de A<span class=\"_ _1\"></span>O-CPW (100 %) <span class=\"_ _19d\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _11c\"> </span>1.910 Ecarts de change (100 %) <span class=\"_ _169\"> </span>2.399 <span class=\"_ _180\"> </span>1.49<span class=\"_ _1\"></span>3 Dividendes (100 %) <span class=\"_ _216\"> </span>-  <span class=\"_ _101\"> </span>(849) <span class=\"ff18\">Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (100 %) <span class=\"_ _217\"> </span>32.577 <span class=\"_ _db\"> </span>22.891</span> V<span class=\"_ _1\"></span>aleur comptable des int\u00e9r\u00eats dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (49 %) <span class=\"_ _18a\"> </span>11.216 <span class=\"_ _145\"> </span>11.216 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Int<span class=\"_ _1\"></span>ernational T<span class=\"_ _1\"></span>rade S.A. <span class=\"_ _218\"> </span>22.726 <span class=\"_ _141\"> </span>21.<span class=\"_ _1\"></span>481 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company <span class=\"_ _219\"> </span>-  <span class=\"_ _17a\"> </span>1.732 V<span class=\"_ _1\"></span>aleur comptable de la participation dans d'autr<span class=\"_ _1\"></span>es entreprises associ\u00e9es  individuellement immat\u00e9rielles <span class=\"_ _21a\"> </span>2.270 <span class=\"_ _141\"> </span>2.002 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>40<span class=\"_ _1\"></span>.959 <span class=\"_ _db\"> </span>36.431Comme A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW est bas\u00e9e en Russie, il e<span class=\"_ _1\"></span>xiste des r<span class=\"_ _1\"></span>estrictions quant \u00e0 la capacit\u00e9 de l'entreprise associ\u00e9e \u00e0 transf\u00e9r<span class=\"_ _1\"></span>er des fonds \u00e0 la Soci\u00e9t\u00e9 et \u00e0 ses filiales sous forme de dividendes en esp\u00e8c<span class=\"_ _1\"></span>es, en raison des contr<span class=\"_ _1\"></span>e-sanctions impos\u00e9es par la F\u00e9d\u00e9ration de Rus<span class=\"_ _1\"></span>sie.<span class=\"_ _8\"></span> La l\u00e9gislation russe mise en place depuis mai 20<span class=\"_ _1\"></span>22 limite les paiements de montants sup\u00e9rieurs \u00e0 envir<span class=\"_ _1\"></span>on 150<span class=\"_ _8\"></span> milliers d\u2019<span class=\"_ _1\"></span>euros aux r\u00e9sidents de l\u2019UE en r\u00e9ponse aux sanctions impos\u00e9es contr<span class=\"_ _1\"></span>e la Russie. Bien que ces r<span class=\"_ _1\"></span>estrictions soient d\u00e9clar\u00e9es tempor<span class=\"_ _1\"></span>aires, pour \u00e9viter t<span class=\"_ _1\"></span>oute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu potentielle, Humbel Lt<span class=\"_ _1\"></span>d (propri\u00e9taire de 4<span class=\"_ _1\"></span>9 % des<span class=\"_ _8\"></span> actions de l\u2019<span class=\"_ _0\"></span>AO TMK<span class=\"_ _1\"></span>-CPW) a demand\u00e9 \u00e0 A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW de r<span class=\"_ _1\"></span>eporter le paiement de tout dividende li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> 2021 jusqu\u2019\u00e0 nouv<span class=\"_ _1\"></span>el ordr<span class=\"_ _1\"></span>e. Par cons\u00e9quent, en 2022, il n\u2019y a pas eu de tr<span class=\"_ _1\"></span>ansactions entre A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et le Groupe. Il n'exis<span class=\"_ _1\"></span>te aucune autre r<span class=\"_ _1\"></span>estriction \u00e0 la capacit\u00e9 des entreprises as<span class=\"_ _1\"></span>soci\u00e9es \u00e0 transf\u00e9rer des f<span class=\"_ _1\"></span>onds \u00e0 la Soci\u00e9t\u00e9 ou \u00e0 ses<span class=\"_ _8\"></span> filiales sous la forme de dividendes en esp\u00e8ces, ou \u00e0 r<span class=\"_ _1\"></span>embourser des pr\u00eats ou des av<span class=\"_ _1\"></span>ances consentis par la Soci\u00e9t\u00e9. Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e aucune quote-part non comptabilis\u00e9e des pertes d\u2019une entr<span class=\"_ _1\"></span>eprise associ\u00e9e, tant pour la p\u00e9riode sous re<span class=\"_ _1\"></span>vue que pour les p\u00e9riodes cumul\u00e9es.<span class=\"_ _8\"></span> 22. Autr<span class=\"_ _1\"></span>es inv<span class=\"_ _1\"></span>estissements  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _21b\"> </span>5.812 <span class=\"_ _c6\"> </span>5.657 Acquisitions <span class=\"_ _1b9\"> </span>- <span class=\"_ _c8\"> </span>- V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Cessions <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812Les autr<span class=\"_ _1\"></span>es placements sont des titres de participation \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat<span class=\"_ _8\"></span> global et concernent des actions non c<span class=\"_ _1\"></span>ot\u00e9es (instruments de capitaux propr<span class=\"_ _1\"></span>es) d'entit\u00e9s gr<span class=\"_ _1\"></span>ecques.<span class=\"_ _8\"></span> 23. Instruments d\u00e9riv\u00e9s Le tableau suiv<span class=\"_ _1\"></span>ant pr\u00e9sente la valeur c<span class=\"_ _1\"></span>omptable des instruments d\u00e9riv\u00e9s :<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Instruments d\u00e9riv\u00e9s non d\u00e9sign\u00e9s comme ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Les entr<span class=\"_ _1\"></span>eprises de Cenergy Holdings ont d\u00e9cid\u00e9 au deuxi\u00e8me trimestr<span class=\"_ _1\"></span>e 2022 de commencer \u00e0 utiliser des s<span class=\"_ _1\"></span>waps de taux d'int\u00e9r\u00eat en \u00e9valuant les eff<span class=\"_ _1\"></span>ets possibles d'un resserr<span class=\"_ _1\"></span>ement de la politique mon\u00e9taire dans l'UE et aux \u00c9tats-Unis au cours du pr<span class=\"_ _1\"></span>emier semestre 2022 et en vue de c<span class=\"_ _1\"></span>ompenser l'impact potentiel sur les co\u00fbts financiers d\u00fb \u00e0 l'augmentation des taux d'int\u00e9r\u00eat. Les emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0 taux variable e<span class=\"_ _1\"></span>xposent les soci\u00e9t\u00e9s de Cenergy Holdings \u00e0 un risque de vola<span class=\"_ _1\"></span>tilit\u00e9 des taux (risque de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>). Afin de le couvrir<span class=\"_ _1\"></span>, des s<span class=\"_ _1\"></span>waps de taux d\u2019int\u00e9r\u00eat sont utilis\u00e9s pour transf<span class=\"_ _1\"></span>ormer efficacement le taux d\u2019int\u00e9r\u00eat variable du pr\u00eat en un taux fix<span class=\"_ _1\"></span>e, r\u00e9duisant ainsi ce risque de v<span class=\"_ _1\"></span>olatilit\u00e9. Les contr<span class=\"_ _1\"></span>ats de swap de taux d\u2019int\u00e9r\u00eat impliquent l\u2019\u00e9change<span class=\"_ _1\"></span>, \u00e0 des dates d\u00e9termin\u00e9es, de montants en esp\u00e8ces \u00e9gaux \u00e0 la diff\u00e9renc<span class=\"_ _1\"></span>e entre un taux d\u2019int\u00e9r\u00eat fix<span class=\"_ _1\"></span>e contract\u00e9 calcul\u00e9 sur un principal et un taux v<span class=\"_ _1\"></span>ariable calcul\u00e9 sur le m\u00eame<span class=\"_ _8\"></span> principal. En choisissant soigneusement le taux v<span class=\"_ _1\"></span>ariable et le principal du swap, on tr<span class=\"_ _1\"></span>ansforme en fait un emprunt \u00e0 taux variable en un emprunt \u00e0 taux fix<span class=\"_ _1\"></span>e. Au cours du pr<span class=\"_ _1\"></span>emier semestre 20<span class=\"_ _1\"></span>22, les deux segments ont conclu des accor<span class=\"_ _1\"></span>ds de swap d'une v<span class=\"_ _1\"></span>aleur nominale totale de 80 millions d'eur<span class=\"_ _1\"></span>os afin de compenser les co\u00fbts d'int\u00e9r\u00eat futurs potentiels plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s sur leurs pr\u00eats. T<span class=\"_ _0\"></span>ous ces s<span class=\"_ _1\"></span>waps ont une dur\u00e9e initiale de 7 ans. Ces actions sont conf<span class=\"_ _1\"></span>ormes \u00e0 la politique connex<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings visant \u00e0 s\u2019assur<span class=\"_ _1\"></span>er qu\u2019une partie de leurs emprunts et dettes financi\u00e8res soit \u00e0 taux fix<span class=\"_ _1\"></span>e. La juste v<span class=\"_ _1\"></span>aleur d'un swap de taux d'int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e en actualisant ses flux de tr\u00e9sorerie futurs \u00e0 l'aide de la structur<span class=\"_ _1\"></span>e \u00e0 terme des taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e et du risque de cr\u00e9dit inh\u00e9rent au contr<span class=\"_ _1\"></span>at de swap<span class=\"_ _1\"></span>, le cas \u00e9ch\u00e9ant. Les contrats de s<span class=\"_ _1\"></span>wap de taux d'int\u00e9r\u00eat sont conclus pour des p\u00e9riodes c<span class=\"_ _1\"></span>ompatibles<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec l'exposition des instruments de det<span class=\"_ _1\"></span>te sous-jacents, mais ne sont pas d\u00e9sign\u00e9s comme c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> flux de tr\u00e9sorerie puisque les c<span class=\"_ _1\"></span>onditions de calendrier et de montant impliqu\u00e9es dans les contrats de s<span class=\"_ _1\"></span>wap ne corr<span class=\"_ _1\"></span>espondent pas exact<span class=\"_ _1\"></span>ement \u00e0 celles des instruments de dette sous-jac<span class=\"_ _1\"></span>ents ; de ce fait, une r<span class=\"_ _1\"></span>elation de couv<span class=\"_ _1\"></span>erture telle que d\u00e9crite dans les IFRS n'es<span class=\"_ _1\"></span>t pas \u00e9tablie. Par cons\u00e9quent, l'\u00e9v<span class=\"_ _1\"></span>aluation de ces contr<span class=\"_ _1\"></span>ats de swap de taux d'int\u00e9r\u00eat est incluse dans l'\u00e9tat consolid\u00e9 des r\u00e9sulta<span class=\"_ _1\"></span>ts dans la ligne \u00ab Charges financi\u00e8res \u00bb. Comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tiennent des instruments financiers d\u00e9riv\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sorerie et de la jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les instruments financiers d\u00e9riv\u00e9s pr\u00e9cit\u00e9s c<span class=\"_ _1\"></span>ouvrent des risques d\u00e9coulant de c<span class=\"_ _1\"></span>e qui suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des cours des m\u00e9taux cot\u00e9 au LME. \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des taux de change.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance et la valeur nominale des ins<span class=\"_ _1\"></span>truments d\u00e9riv\u00e9s d\u00e9tenus par les soci\u00e9t\u00e9s de Cenergy Holdings corr<span class=\"_ _1\"></span>espondent, en principe, \u00e0 l\u2019\u00e9ch\u00e9ance et \u00e0 la v<span class=\"_ _1\"></span>aleur nominale des actifs et des passifs sous-jacents (les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts). Les instruments d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus par les soci\u00e9t\u00e9s de Cenergy Holdings conc<span class=\"_ _1\"></span>ernent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque li\u00e9 \u00e0 la v<span class=\"_ _1\"></span>ariation des cours des m\u00e9taux cot\u00e9s au LME (London Metal Ex<span class=\"_ _1\"></span>change) et utilis\u00e9s comme mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es par les soci\u00e9t\u00e9s de Cenergy Holdings dans le segment C\u00e2bles (principalement le cuivre et l\u2019<span class=\"_ _1\"></span>aluminium). Ces op\u00e9rations de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e sont r\u00e9pertori\u00e9es comme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats de change \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque d\u00e9coulant des fluctuations des taux de change du dollar am\u00e9ricain et de la livre s<span class=\"_ _1\"></span>terling (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les de<span class=\"_ _1\"></span>vises auxquelles les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings sont principalement expos\u00e9es<span class=\"_ _1\"></span>). Ces contr<span class=\"_ _1\"></span>ats sont r\u00e9pertori\u00e9s comme des instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur ou des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, selon l\u2019\u00e9l\u00e9ment sous-jacent. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les cr\u00e9ances clients et fournis<span class=\"_ _1\"></span>seurs libell\u00e9s en devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es, les contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sont r\u00e9pertori\u00e9s comme des ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les v<span class=\"_ _1\"></span>entes pr\u00e9vues de biens ou l\u2019achat de mat\u00e9riaux, les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme sont r\u00e9pertori\u00e9s c<span class=\"_ _1\"></span>omme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont c<span class=\"_ _1\"></span>omptabilis\u00e9s lorsque les soci\u00e9t\u00e9s de Cenergy Holdings concluent la tr<span class=\"_ _1\"></span>ansaction destin\u00e9e \u00e0 couvrir la jus<span class=\"_ _1\"></span>te valeur des cr\u00e9anc<span class=\"_ _1\"></span>es, dettes ou engagements (c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur), ou des transactions haut<span class=\"_ _1\"></span>ement probables (<span class=\"_ _1\"></span>couvertur<span class=\"_ _1\"></span>e des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es des flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La part effectiv<span class=\"_ _1\"></span>e des variations de la just<span class=\"_ _1\"></span>e valeur des instruments d\u00e9riv\u00e9s r\u00e9pert<span class=\"_ _1\"></span>ori\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie est comptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global, au poste \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture \u00bb. Le gain ou la pert<span class=\"_ _1\"></span>e de la part non effective es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat. Les montants comptabilis\u00e9s au pos<span class=\"_ _1\"></span>te \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s au compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 des p\u00e9riodes pendant lesquelles l\u2019\u00e9v\u00e9nement couv<span class=\"_ _1\"></span>ert se produit, c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire \u00e0 la dat<span class=\"_ _1\"></span>e de r\u00e9alisation de la transaction pr\u00e9vue qui constitue l\u2019<span class=\"_ _1\"></span>objet de la couv<span class=\"_ _1\"></span>erture ou quand l\u2019\u00e9l\u00e9ment c<span class=\"_ _1\"></span>ouvert affect<span class=\"_ _1\"></span>e le r\u00e9sultat (par ex<span class=\"_ _1\"></span>emple, dans le cas d\u2019une vent<span class=\"_ _1\"></span>e \u00e0 terme d\u2019aluminium, la r\u00e9serv<span class=\"_ _1\"></span>e est comptabilis\u00e9e au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 apr\u00e8s le r\u00e8glement en esp\u00e8ces net du contr<span class=\"_ _1\"></span>at \u00e0 terme et \u00e0 la dat<span class=\"_ _1\"></span>e de la vente de l\u2019<span class=\"_ _1\"></span>aluminium).<span class=\"_ _8\"></span> Lorsqu\u2019un \u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert est v<span class=\"_ _1\"></span>endu ou lorsque la quote-part de couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8r<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture<span class=\"_ _1\"></span>, la comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture est int<span class=\"_ _1\"></span>errompue anticipativ<span class=\"_ _1\"></span>ement, les montants imput\u00e9s<span class=\"_ _8\"></span> \u00e0 la \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont conserv\u00e9s en sous forme de r\u00e9serv<span class=\"_ _1\"></span>e et sont reclass\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 lorsque l\u2019<span class=\"_ _1\"></span>actif couvert impact<span class=\"_ _1\"></span>e le r\u00e9sultat. En cas de couvertur<span class=\"_ _1\"></span>e d'une transaction futur<span class=\"_ _1\"></span>e pr\u00e9vue qui ne<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s en r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> La variation de la jus<span class=\"_ _1\"></span>te valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les capitaux propres au titr<span class=\"_ _1\"></span>e de la couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 sera tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9e dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2023 et dans la partie \u00e0 long terme au cours de l'e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercice 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la dat<span class=\"_ _1\"></span>e d'\u00e9ch\u00e9ance des instruments d\u00e9riv\u00e9s utilis\u00e9s, lorsque les \u00e9v\u00e9nements couv<span class=\"_ _1\"></span>erts se produir<span class=\"_ _1\"></span>ont (les transactions pr\u00e9vues auront lieu ou les \u00e9l\u00e9ments c<span class=\"_ _1\"></span>ouverts aur<span class=\"_ _1\"></span>ont<span class=\"_ _8\"></span> une incidence sur le r\u00e9sultat. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 de la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au commencement (de mani\u00e8r<span class=\"_ _1\"></span>e prospectiv<span class=\"_ _1\"></span>e) en c<span class=\"_ _1\"></span>omparant les termes critiques de l\u2019ins<span class=\"_ _1\"></span>trument de couvertur<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ec les termes critiques<span class=\"_ _8\"></span> de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert et, par la suite, lors de chaque dat<span class=\"_ _1\"></span>e de reporting (de mani\u00e8r<span class=\"_ _1\"></span>e r\u00e9trospectiv<span class=\"_ _1\"></span>e), en appliquant, d\u2019une mani\u00e8re cumul\u00e9e<span class=\"_ _1\"></span>, la m\u00e9thode de la compensation en dollar<span class=\"_ _1\"></span>. Les r\u00e9sultats des activit\u00e9s de couv<span class=\"_ _1\"></span>erture des soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings figurant dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont pr\u00e9sent\u00e9s pour les contr<span class=\"_ _1\"></span>ats \u00e0 terme de m\u00e9tal et les contr<span class=\"_ _1\"></span>ats de change dans \u00ab Chiffre d\u2019<span class=\"_ _1\"></span>affaires \u00bb et \u00ab Co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb.<span class=\"_ _8\"></span> Les montants comptabilis\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont les suivants : <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats \u00e0 terme <span class=\"_ _223\"> </span>1.934 <span class=\"_ _bb\"> </span>(14.<span class=\"_ _1\"></span>166) Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme <span class=\"_ _13a\"> </span>7<span class=\"_ _0\"></span>.579 <span class=\"_ _180\"> </span>(189) T<span class=\"_ _0\"></span>otal <span class=\"_ _224\"> </span>12.881 <span class=\"_ _d0\"> </span>(14.355)L'\u00e9valuation des c<span class=\"_ _1\"></span>ontrats futurs utilis\u00e9s pour la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie et comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global (r\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e) au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 ser<span class=\"_ _1\"></span>a comptabilis\u00e9e en b\u00e9n\u00e9fices ou en pertes au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice financier suivant, alors que l'\u00e9v<span class=\"_ _1\"></span>aluation des contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sera comptabilis\u00e9e dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats en 2023 et 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la date d'\u00e9ch\u00e9anc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> instruments d\u00e9riv\u00e9s utilis\u00e9s. 24. Capital et r\u00e9serv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> A. Capital social et primes d'\u00e9mission Le capital social en cir<span class=\"_ _1\"></span>culation et le nombre d'actions de la Soci\u00e9t\u00e9 sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Capital social en cir<span class=\"_ _1\"></span>culation : 117<span class=\"_ _0\"></span>.892.<span class=\"_ _1\"></span>172,38 euros ; et \u2022 <span class=\"_ _20\"> </span>Nombr<span class=\"_ _1\"></span>e total d'actions : 190.<span class=\"_ _1\"></span>162.681. Les actions de la Soci\u00e9t\u00e9 n\u2019<span class=\"_ _1\"></span>ont pas de valeur nominale<span class=\"_ _1\"></span>. Les porteurs d'actions ont droit \u00e0 un v<span class=\"_ _1\"></span>ote par action aux assembl\u00e9es des actionnair<span class=\"_ _1\"></span>es de la Soci\u00e9t\u00e9.<span class=\"_ _8\"></span> Les primes d\u2019\u00e9mission de la Soci\u00e9t\u00e9 s\u2019\u00e9l\u00e8v<span class=\"_ _1\"></span>ent \u00e0 58.600 milliers d\u2019<span class=\"_ _1\"></span>euros. B. Nature et objet des r\u00e9serv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> (a) R\u00e9serve l\u00e9gale En application de la l\u00e9gislation fiscale belge, les soci\u00e9t\u00e9s sont oblig\u00e9es d\u2019<span class=\"_ _1\"></span>allouer 5 % de leurs b\u00e9n\u00e9fices \u00e0 la r\u00e9serve l\u00e9gale, jusqu\u2019\u00e0 ce que c<span class=\"_ _1\"></span>elle-ci atteigne 10 % du capital social. La distribution de la r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale est inter<span class=\"_ _1\"></span>dite. En application de la l\u00e9gislation gr<span class=\"_ _1\"></span>ecque sur les soci\u00e9t\u00e9s, celles-ci sont tenues d\u2019<span class=\"_ _1\"></span>allouer chaque ann\u00e9e au moins 5 % de<span class=\"_ _8\"></span> leurs b\u00e9n\u00e9fices annuels nets \u00e0 leur r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale, jusqu\u2019\u00e0 ce que celle-ci a<span class=\"_ _1\"></span>tteigne au moins un tiers du capital social<span class=\"_ _8\"></span> de la soci\u00e9t\u00e9. La distribution de la r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale est inter<span class=\"_ _1\"></span>dite, mais elle peut \u00eatre utilis\u00e9e pour c<span class=\"_ _1\"></span>ompenser les pertes.<span class=\"_ _8\"></span> (b) R\u00e9s<span class=\"_ _1\"></span>erve de couverture La r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e comprend la quot<span class=\"_ _1\"></span>e-part effective de la v<span class=\"_ _1\"></span>ariation nette cumul\u00e9e de la just<span class=\"_ _1\"></span>e valeur des instruments utilis\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie en attente de c<span class=\"_ _1\"></span>omptabilisation ult\u00e9rieure au c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> de r\u00e9sultat, car les flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ouverts ont une incidenc<span class=\"_ _1\"></span>e sur le r\u00e9sultat.<span class=\"_ _8\"></span> (c<span class=\"_ _1\"></span>) R\u00e9serve de la just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global Cette ca<span class=\"_ _1\"></span>t\u00e9gorie se rapporte aux r\u00e9serv<span class=\"_ _1\"></span>es constitu\u00e9es par l'application des dispositions de l'IFRS 9 c<span class=\"_ _1\"></span>oncernant le<span class=\"_ _8\"></span> trait<span class=\"_ _1\"></span>ement des autres placements clas<span class=\"_ _1\"></span>s\u00e9s dans la cat\u00e9gorie ci-apr\u00e8s.<span class=\"_ _8\"></span> (d) R\u00e9s<span class=\"_ _1\"></span>erves sp\u00e9ciales Cette ca<span class=\"_ _1\"></span>t\u00e9gorie concerne les r\u00e9serv<span class=\"_ _1\"></span>es form\u00e9es par l\u2019application des dispositions de c<span class=\"_ _1\"></span>ertaines lois sur le<span class=\"_ _8\"></span> d\u00e9veloppement qui ac<span class=\"_ _1\"></span>cordent des a<span class=\"_ _1\"></span>vantages fiscaux aux soci\u00e9t\u00e9s qui ont in<span class=\"_ _1\"></span>vesti leurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es plut\u00f4t que de les<span class=\"_ _8\"></span> distribuer aux actionnair<span class=\"_ _1\"></span>es. Plus pr\u00e9cis\u00e9ment, les r\u00e9serves d\u00e9crites ont soit \u00e9puis\u00e9 leur dett<span class=\"_ _1\"></span>e d\u2019imp\u00f4ts sur leur re<span class=\"_ _1\"></span>venu ou soit ont \u00e9t\u00e9 ex<span class=\"_ _1\"></span>empt\u00e9es d\u00e9finitivement de l'imp\u00f4t sur le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu, apr\u00e8s la fin d\u2019une p\u00e9riode d\u00e9termin\u00e9e \u00e0 compt<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> de la r\u00e9alisation des inv<span class=\"_ _1\"></span>estissements qu'ils c<span class=\"_ _1\"></span>oncernent.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) R\u00e9serves immunis\u00e9es Cette ca<span class=\"_ _1\"></span>t\u00e9gorie concerne les r\u00e9serv<span class=\"_ _1\"></span>es form\u00e9es en application des dispositions de certaines lois fiscales et sont ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es de l\u2019imp\u00f4t sur le r\u00e9sultat, \u00e0 condition qu\u2019<span class=\"_ _1\"></span>elles ne soient pas distribu\u00e9es aux actionnair<span class=\"_ _1\"></span>es. Dans le cas o\u00f9<span class=\"_ _8\"></span> ces r\u00e9serv<span class=\"_ _1\"></span>es sont distribu\u00e9es, elles seront impos\u00e9es en utilisant le taux d\u2019imposition applicable \u00e0 c<span class=\"_ _1\"></span>ette date. (f) R\u00e9serve de con<span class=\"_ _1\"></span>version La r\u00e9serve pour l\u2019\u00e9cart de c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ersion contient les diff\u00e9renc<span class=\"_ _1\"></span>es de change r\u00e9sultant de la conv<span class=\"_ _1\"></span>ersion des \u00e9tats<span class=\"_ _8\"></span> financiers des activit\u00e9s \u00e0 l\u2019\u00e9tranger<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> C. Rapprochement des r\u00e9serv<span class=\"_ _1\"></span>es <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _225\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _be\"> </span>    R\u00e9serves l\u00e9gales     R\u00e9serve de couverture R\u00e9serve de<span class=\"_ _8\"></span> la juste<span class=\"_ _8\"></span> valeur par<span class=\"_ _8\"></span> les autres<span class=\"_ _7\"></span> \u00e9l\u00e9ments du r\u00e9sultat R\u00e9serv<span class=\"_ _1\"></span>es sp\u00e9ciales R\u00e9serves immunis\u00e9es R\u00e9serve decon<span class=\"_ _1\"></span>versionT<span class=\"_ _1\"></span>otal Solde au 1 janvier 2021 <span class=\"_ _186\"> </span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>712 <span class=\"_ _6d\"> </span>(1.630) <span class=\"_ _a4\"> </span>640 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>36.318 <span class=\"_ _68\"> </span>(21.876) <span class=\"_ _4d\"> </span>30.427 Autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global,  nets d'imp\u00f4ts <span class=\"_ _227\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1da\"> </span>10<span class=\"_ _1\"></span>7 <span class=\"_ _1cd\"> </span>156 <span class=\"_ _1b1\"> </span>-  <span class=\"_ _64\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _93\"> </span>643 <span class=\"_ _6e\"> </span><span class=\"ff18\">906</span> T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansfert de r\u00e9serves <span class=\"_ _129\"> </span>1.10<span class=\"_ _1\"></span>7 <span class=\"_ _1b3\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1d8\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _ab\"> </span>660 <span class=\"_ _5c\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _85\"> </span><span class=\"ff18 ls11 ws5b\">1.767</span> Acquisition de participa<span class=\"_ _1\"></span>tions  minoritaires <span class=\"_ _1d6\"> </span>17 <span class=\"_ _5e\"> </span>3 <span class=\"_ _1cc\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _1a5\"> </span>38 <span class=\"_ _56\"> </span>(100) <span class=\"_ _8d\"> </span><span class=\"ff18\">(41)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _14c\"> </span>8.836 <span class=\"_ _88\"> </span>(1.519) <span class=\"_ _3e\"> </span>796 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>37<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>016 <span class=\"_ _68\"> </span>(21.333) <span class=\"_ _e\"> </span>33.05<span class=\"_ _1\"></span>9 Solde au 1 janvier 2022 <span class=\"_ _e9\"> </span>8.836 <span class=\"_ _69\"> </span>(1.519) <span class=\"_ _94\"> </span>796 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>37<span class=\"_ _0\"></span>.016 <span class=\"_ _68\"> </span>(21.333) <span class=\"_ _e\"> </span>33.<span class=\"_ _1\"></span>059 Autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global,  nets d'imp\u00f4ts <span class=\"_ _227\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _7e\"> </span>2.380 <span class=\"_ _3e\"> </span>496 <span class=\"_ _71\"> </span>-  <span class=\"_ _64\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1cb\"> </span>597 <span class=\"_ _28\"> </span><span class=\"ff18\">3.47<span class=\"_ _1\"></span>3</span> <span class=\"ff19\">T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansfert de r\u00e9serves <span class=\"_ _12a\"> </span>1.968 <span class=\"_ _1b3\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1d8\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _1f\"> </span>(660) <span class=\"_ _5c\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span><span class=\"ff18\">1.308</span></span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _af\"> </span>10.803 <span class=\"_ _55\"> </span>860 <span class=\"_ _4f\"> </span>1.291 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _ef\"> </span>36.356 <span class=\"_ _6e\"> </span>(20.7<span class=\"_ _1\"></span>35) <span class=\"_ _6c\"> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.83925. Gestion du capital La politique des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings consiste \u00e0 maint<span class=\"_ _1\"></span>enir une structure du capital solide afin de pr\u00e9serv<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> la confiance des in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tisseurs, des cr\u00e9anciers et du march\u00e9 et de soutenir le d\u00e9v<span class=\"_ _1\"></span>eloppement futur de leurs activit\u00e9s. Le Conseil d'administr<span class=\"_ _1\"></span>ation surv<span class=\"_ _1\"></span>eille de pr\u00e8s le rendement du capital et le niveau des dividendes dis<span class=\"_ _1\"></span>tribu\u00e9s aux<span class=\"_ _8\"></span> porteurs d'actions or<span class=\"_ _1\"></span>dinaires. Le Conseil d\u2019<span class=\"_ _1\"></span>administration vise \u00e0 maint<span class=\"_ _1\"></span>enir un \u00e9quilibre entre une r<span class=\"_ _1\"></span>entabilit\u00e9 sur capitaux propr<span class=\"_ _1\"></span>es plus \u00e9lev\u00e9e qui serait pos<span class=\"_ _1\"></span>sible gr\u00e2ce \u00e0 un rec<span class=\"_ _1\"></span>ours plus important \u00e0 l\u2019emprunt, et les a<span class=\"_ _1\"></span>vantages et la s\u00e9curit\u00e9 pr<span class=\"_ _1\"></span>ocur\u00e9s par une<span class=\"_ _8\"></span> structur<span class=\"_ _1\"></span>e de capital solide. Dans ce cont<span class=\"_ _1\"></span>exte, le C<span class=\"_ _1\"></span>onseil d\u2019administr<span class=\"_ _1\"></span>ation surveille le Rendement des Capitaux Inv<span class=\"_ _1\"></span>estis (RCI), qui est d\u00e9fini c<span class=\"_ _1\"></span>omme \u00e9tant l\u2019EBIT (r\u00e9sultat de la p\u00e9riode avant imp\u00f4t et char<span class=\"_ _1\"></span>ges financi\u00e8res nett<span class=\"_ _1\"></span>es) divis\u00e9 par les capitaux inv<span class=\"_ _1\"></span>estis (<span class=\"_ _1\"></span>c<span class=\"_ _8\"></span>\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les capitaux pr<span class=\"_ _1\"></span>opres et la dett<span class=\"_ _1\"></span>e).  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice pour l'e<span class=\"_ _1\"></span>xercic<span class=\"_ _1\"></span>e <span class=\"_ _228\"> </span>60.420 <span class=\"_ _e9\"> </span>22.0<span class=\"_ _1\"></span>79 Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _1ed\"> </span>9.536 <span class=\"_ _d7\"> </span>8.434 R\u00e9sultat financier net <span class=\"_ _21d\"> </span>36.462 <span class=\"_ _e9\"> </span>28.985 EBIT <span class=\"_ _229\"> </span>106.418 <span class=\"_ _190\"> </span>59.498 Capitaux propr<span class=\"_ _1\"></span>es <span class=\"_ _22a\"> </span>341.631 <span class=\"_ _e6\"> </span>277<span class=\"_ _1\"></span>.54<span class=\"_ _1\"></span>1 Dette \u00e0 long t<span class=\"_ _1\"></span>erme (y compris obligations locatives<span class=\"_ _1\"></span>) <span class=\"_ _7c\"> </span>129.393 <span class=\"_ _bb\"> </span>177<span class=\"_ _1\"></span>.020 Dette \u00e0 c<span class=\"_ _1\"></span>ourt terme (y compris obligations locativ<span class=\"_ _1\"></span>es) <span class=\"_ _22b\"> </span>4<span class=\"_ _1\"></span>75.97<span class=\"_ _1\"></span>2 <span class=\"_ _135\"> </span>216.915 Capitaux inv<span class=\"_ _1\"></span>estis <span class=\"_ _1ed\"> </span>946.997 <span class=\"_ _cd\"> </span>671.477 Rendement des capitaux inv<span class=\"_ _1\"></span>estis <span class=\"_ _154\"> </span>11,2 % <span class=\"_ _17a\"> </span>8,9 %26. DetteA. Aper\u00e7u  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Passifs non cour<span class=\"_ _1\"></span>ants <span class=\"_ _22c\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _151\"> </span>3.530 <span class=\"_ _d5\"> </span>5.791 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22d\"> </span>-  <span class=\"_ _145\"> </span>5.219 Emprunts obligataires gar<span class=\"_ _1\"></span>antis <span class=\"_ _1e2\"> </span>32.<span class=\"_ _1\"></span>427 <span class=\"_ _e9\"> </span>35.698 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22e\"> </span>91.204 <span class=\"_ _c3\"> </span>128.233 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - long t<span class=\"_ _1\"></span>erme <span class=\"_ _22f\"> </span>127<span class=\"_ _0\"></span>.161 <span class=\"_ _c3\"> </span>17<span class=\"_ _1\"></span>4.941</span> Obligations locativ<span class=\"_ _1\"></span>es - long terme <span class=\"_ _230\"> </span>2.233 <span class=\"_ _231\"> </span>2.080 T<span class=\"_ _0\"></span>otal dette \u00e0 long terme <span class=\"_ _232\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020 Passifs cour<span class=\"_ _1\"></span>ants <span class=\"_ _222\"> </span> <span class=\"_ _218\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _233\"> </span>8.454 <span class=\"_ _145\"> </span>5.47<span class=\"_ _1\"></span>0 Affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours <span class=\"_ _20c\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _8e\"> </span>36<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.567 <span class=\"_ _bb\"> </span>170<span class=\"_ _1\"></span>.796 Emprunts obligataires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>4.358 <span class=\"_ _186\"> </span>4.385 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _4c\"> </span>7<span class=\"_ _8\"></span>1.809 <span class=\"_ _b7\"> </span>18.326 Emprunts bancaires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _234\"> </span>2.651 <span class=\"_ _145\"> </span>3.058 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _14a\"> </span>5.27<span class=\"_ _1\"></span>3 <span class=\"_ _13f\"> </span>5.733 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _183\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4.7<span class=\"_ _0\"></span>49 <span class=\"_ _cd\"> </span>215.6<span class=\"_ _1\"></span>99</span> Obligations locativ<span class=\"_ _1\"></span>es - court terme <span class=\"_ _235\"> </span>1.224 <span class=\"_ _b6\"> </span>1.216 T<span class=\"_ _0\"></span>otal dette \u00e0 court terme <span class=\"_ _236\"> </span>47<span class=\"_ _1\"></span>5.972 <span class=\"_ _c3\"> </span>216.915 T<span class=\"_ _0\"></span>otal de la dette <span class=\"_ _237\"> </span>605.366 <span class=\"_ _10a\"> </span>393.935Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition au risque de taux d\u2019int\u00e9r\u00eat, de change et de liquidit\u00e9 des soci\u00e9t\u00e9s de Cenergy Holdings sont pr\u00e9sent\u00e9es \u00e0 la note 30<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les \u00e9ch\u00e9ances des emprunts non c<span class=\"_ _1\"></span>ourants sont les suiv<span class=\"_ _1\"></span>antes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Entre 1 et 2 ans <span class=\"_ _194\"> </span>30.6<span class=\"_ _1\"></span>73 <span class=\"_ _141\"> </span>78.<span class=\"_ _1\"></span>110 Entre 2 et 5 ans <span class=\"_ _238\"> </span>89.593 <span class=\"_ _d7\"> </span>71.193 Plus de 5 ans <span class=\"_ _239\"> </span>9.<span class=\"_ _1\"></span>128 <span class=\"_ _141\"> </span>27<span class=\"_ _0\"></span>.717 T<span class=\"_ _0\"></span>otal <span class=\"_ _da\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020Les taux d\u2019int\u00e9r\u00eat mo<span class=\"_ _1\"></span>yens pond\u00e9r\u00e9s effectifs des principales cat\u00e9gories d\u2019<span class=\"_ _1\"></span>emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res \u00e0 la date de cl\u00f4ture sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span>  <span class=\"_ _148\"> </span>31 d\u00e9cembre 2022 <span class=\"_ _ea\"> </span>31 d\u00e9cembre 2021 Montants en milliers d'euros <span class=\"_ _18f\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _53\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat <span class=\"_ _67\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _b1\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat Pr\u00eats bancaires (non c<span class=\"_ _1\"></span>ourants) - EUR <span class=\"_ _213\"> </span>3.530 <span class=\"_ _19f\"> </span>2,9 % <span class=\"_ _b7\"> </span>11.010 <span class=\"_ _14c\"> </span>2,8 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - EUR <span class=\"_ _be\"> </span>393.297 <span class=\"_ _1a9\"> </span>4,6 % <span class=\"_ _d0\"> </span>190.3<span class=\"_ _1\"></span>75 <span class=\"_ _14c\"> </span>3,4 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - GBP <span class=\"_ _1ae\"> </span>-  <span class=\"_ _b9\"> </span>-  <span class=\"_ _119\"> </span>1 <span class=\"_ _1d2\"> </span>3,0 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - R<span class=\"_ _1\"></span>ON <span class=\"_ _132\"> </span>5.285 <span class=\"_ _19f\"> </span>9,7 % <span class=\"_ _141\"> </span>2.613 <span class=\"_ _1dd\"> </span>3,8 % Emprunts obligataires - EUR <span class=\"_ _129\"> </span>199.<span class=\"_ _1\"></span>798 <span class=\"_ _19f\"> </span>4,7 % <span class=\"_ _143\"> </span>186.641 <span class=\"_ _14c\"> </span>3,8 %En 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont obtenu de nouv<span class=\"_ _1\"></span>eaux pr\u00eats bancaires, qui s\u2019\u00e9lev<span class=\"_ _1\"></span>aient \u00e0 245,6 millions d\u2019<span class=\"_ _1\"></span>euros et ont r<span class=\"_ _1\"></span>embours\u00e9 des pr\u00eats bancaires de 38,5 millions d\u2019<span class=\"_ _1\"></span>euros arriv<span class=\"_ _1\"></span>ant \u00e0 \u00e9ch\u00e9ance durant l\u2019<span class=\"_ _1\"></span>ann\u00e9e. Les nouveaux emprunts sont principalement : (a) les pr\u00e9l\u00e8v<span class=\"_ _1\"></span>ements de lignes de cr\u00e9dit renouv<span class=\"_ _1\"></span>elables exis<span class=\"_ _1\"></span>tantes et de nouvelles lignes de cr\u00e9dit a<span class=\"_ _1\"></span>yant des c<span class=\"_ _1\"></span>onditions similaires ; (b) les f<span class=\"_ _1\"></span>acilit\u00e9s de financement de projet, et (<span class=\"_ _1\"></span>c) quatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> nouveaux emprunts \u00e0 long t<span class=\"_ _1\"></span>erme, d\u00e9crits ci-dessous. Les emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res av<span class=\"_ _1\"></span>aient un taux d\u2019int\u00e9r\u00eat<span class=\"_ _8\"></span> effectif mo<span class=\"_ _1\"></span>yen de 4,<span class=\"_ _1\"></span>7 % (2021 : 3,6 %), \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> En 2022, le Gr<span class=\"_ _1\"></span>oupe a obtenu les pr\u00eats \u00e0 long terme suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span> Le segment C\u00e2bles a \u00e9mis tr<span class=\"_ _1\"></span>ois emprunts obligataires d\u2019une v<span class=\"_ _1\"></span>aleur totale de 27 millions d\u2019<span class=\"_ _1\"></span>euros c<span class=\"_ _1\"></span>omme suit:<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>F<span class=\"_ _1\"></span>ulgor a conclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une banque grecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e de 5 millions d'euros a<span class=\"_ _1\"></span>vec une dur\u00e9e initiale de 5 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire de 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir les besoins de d\u00e9penses en capital. \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un autre acc<span class=\"_ _1\"></span>ord av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e \u00e0 7 ans<span class=\"_ _8\"></span> de 15 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir un f<span class=\"_ _1\"></span>onds de roulement cons<span class=\"_ _1\"></span>tant.<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span>Le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a \u00e9mis un emprunt obligatair<span class=\"_ _1\"></span>e d'une valeur t<span class=\"_ _1\"></span>otale de 7 millions d\u2019eur<span class=\"_ _1\"></span>os :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire \u00e0 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros. T<span class=\"_ _0\"></span>ous les emprunts obligatair<span class=\"_ _1\"></span>es \u00e0 long terme ci-dessus sont enti\u00e8rement pr\u00e9le<span class=\"_ _1\"></span>v\u00e9s. En outre<span class=\"_ _1\"></span>, Fulgor a conv<span class=\"_ _1\"></span>enu av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque d'un pr\u00eat obligataire de 19 millions d'eur<span class=\"_ _1\"></span>os av<span class=\"_ _1\"></span>ec une<span class=\"_ _8\"></span> dur\u00e9e initiale de 7 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>. Le 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22, un montant \u00e9gal a \u00e9t\u00e9 re\u00e7u par la banque en tant que \u00ab financement interm\u00e9diair<span class=\"_ _1\"></span>e \u00bb et pr\u00e9sent\u00e9 en tant que pr\u00eat \u00e0 court terme<span class=\"_ _1\"></span>. L'accor<span class=\"_ _1\"></span>d de pr\u00eat<span class=\"_ _8\"></span> obligataire de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e sign\u00e9 au cours des premiers mois de 20<span class=\"_ _1\"></span>23, \u00e0 la fin des n\u00e9gociations pertinentes. Les facilit\u00e9s \u00e0 c<span class=\"_ _1\"></span>ourt terme sont principalement des facilit\u00e9s de cr\u00e9dit r<span class=\"_ _1\"></span>enouvelables, qui financent les besoins en fonds de r<span class=\"_ _1\"></span>oulement et des projets sp\u00e9cifiques en cours et nouv<span class=\"_ _1\"></span>eaux.<span class=\"_ _8\"></span> Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif \u00e0 court t<span class=\"_ _1\"></span>erme consolid\u00e9 de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9passait de 85,8 millions d\u2019<span class=\"_ _1\"></span>euros l\u2019actif \u00e0 c<span class=\"_ _1\"></span>ourt terme consolid\u00e9 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 38,2 millions d'euros<span class=\"_ _1\"></span>). N\u00e9anmoins, les filiales de Cenergy Holdings n\u2019<span class=\"_ _1\"></span>ont jamais connu dans le pass\u00e9 de pr<span class=\"_ _1\"></span>obl\u00e8mes de financement de leurs activit\u00e9s, de renouv<span class=\"_ _1\"></span>ellement de<span class=\"_ _8\"></span> leurs lignes couvr<span class=\"_ _1\"></span>ant les besoins en fonds de roulement ou de r<span class=\"_ _1\"></span>efinancement des emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0<span class=\"_ _8\"></span> long terme. La Dir<span class=\"_ _1\"></span>ection s'attend \u00e0 c<span class=\"_ _1\"></span>e que les remboursements obligatoir<span class=\"_ _1\"></span>es de facilit\u00e9s bancaires soient eff<span class=\"_ _1\"></span>ectu\u00e9s<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec des flux de tr\u00e9sorerie op\u00e9r<span class=\"_ _1\"></span>ationnels ou des lignes de cr\u00e9dit actuellement non utilis\u00e9es et confirm\u00e9es. En ce qui concerne le financ<span class=\"_ _1\"></span>ement d\u2019activit\u00e9s ax\u00e9es sur des pr<span class=\"_ _1\"></span>ojets, les filiales de Cenergy Holdings ont obtenu les f<span class=\"_ _1\"></span>onds<span class=\"_ _8\"></span> n\u00e9cessair<span class=\"_ _1\"></span>es par le biais de facilit\u00e9s de financement de pr<span class=\"_ _1\"></span>ojets.<span class=\"_ _8\"></span> Les hypoth\u00e8ques en f<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>eur des banques ont \u00e9t\u00e9 enregistr\u00e9es sur les biens immobiliers, les installations et les \u00e9quipements des filiales. La valeur c<span class=\"_ _1\"></span>omptable des actifs hypoth\u00e9qu\u00e9s est de 49 millions d\u2019<span class=\"_ _1\"></span>euros. Dans les contr<span class=\"_ _1\"></span>ats d\u2019<span class=\"_ _1\"></span>emprunts bancaires des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings, il existe des clauses de changement de contr\u00f4le qui acc<span class=\"_ _1\"></span>ordent aux pr\u00eateurs un dr<span class=\"_ _1\"></span>oit de remboursement anticip\u00e9. Aucun incident eu \u00e9gar<span class=\"_ _1\"></span>d \u00e0 un non-respect des conditions des emprunts souscrits par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ne s\u2019<span class=\"_ _1\"></span>est produit en 20<span class=\"_ _1\"></span>22.<span class=\"_ _8\"></span> B. Rapprochement des v<span class=\"_ _1\"></span>ariations des passifs et de flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s de financement  <span class=\"_ _4b\"> </span> <span class=\"_ _3b\"> </span>2022 <span class=\"_ _b3\"> </span> <span class=\"_ _108\"> </span> 2021 <span class=\"_ _f0\"> </span> <span class=\"_ _217\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d8\"> </span>Emprunts  et dettes financi\u00e8res  Obligations locatives   T<span class=\"_ _0\"></span>otal Emprunts et dettes  financi\u00e8res Obligationslocativ<span class=\"_ _1\"></span>es T<span class=\"_ _0\"></span>otal Solde au 1 janvier <span class=\"_ _f8\"> </span>390.640 <span class=\"_ _43\"> </span>3.296 <span class=\"_ _96\"> </span>393.935 <span class=\"_ _b2\"> </span>406.217 <span class=\"_ _44\"> </span>5.433 <span class=\"_ _b3\"> </span>411.650 V<span class=\"_ _1\"></span>ariations des flux de tr\u00e9sorerie  de financement <span class=\"_ _1a4\"> </span>  <span class=\"_ _a1\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _213\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _1cc\"> </span> <span class=\"_ _0\"></span><span class=\"ff19\"> </span> Produit des nouv<span class=\"_ _1\"></span>eaux emprunts <span class=\"_ _5e\"> </span>2<span class=\"_ _1\"></span>45.631 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">245.631</span> <span class=\"_ _1a5\"> </span>89.315 <span class=\"_ _18f\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">89<span class=\"_ _1\"></span>.315</span> Remboursement des emprunts <span class=\"_ _5e\"> </span>(38.533) <span class=\"_ _1f5\"> </span>-  <span class=\"_ _5f\"> </span><span class=\"ff18\">(38.533)</span> <span class=\"_ _67\"> </span>(108.104) <span class=\"_ _18f\"> </span>-  <span class=\"_ _20\"> </span><span class=\"ff18\">(108.104)</span> Principaux \u00e9l\u00e9ments des paiements  de location <span class=\"_ _136\"> </span>-  <span class=\"_ _1b0\"> </span>(1.299) <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.299)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _9d\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _96\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>47)</span> T<span class=\"_ _0\"></span>otal des variations des flux de  tr\u00e9sorerie de financement <span class=\"_ _110\"> </span>207<span class=\"_ _0\"></span>.098 <span class=\"_ _4f\"> </span>(1.299) <span class=\"_ _7d\"> </span>205.799 <span class=\"_ _44\"> </span>(18.789) <span class=\"_ _f4\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _a9\"> </span>(20.536) Autres v<span class=\"_ _1\"></span>ariations : <span class=\"_ _d0\"> </span> <span class=\"_ _4\"> </span>  <span class=\"_ _6a\"> </span>   Nouveaux c<span class=\"_ _1\"></span>ontrats de location <span class=\"_ _1ff\"> </span>-  <span class=\"_ _10e\"> </span>1.597 <span class=\"_ _a4\"> </span><span class=\"ff18\">1.597</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _33\"> </span>909 <span class=\"_ _ab\"> </span><span class=\"ff18\">909</span> Effet des v<span class=\"_ _1\"></span>ariations des taux de change 145 <span class=\"_ _4d\"> </span>25 <span class=\"_ _106\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>70</span><span class=\"wsa4\"> (75) <span class=\"_ _7\"></span>6 <span class=\"_ _23a\"></span><span class=\"ff18 ws1\">(70)</span></span> Co\u00fbts d'emprunt capitalis\u00e9s <span class=\"_ _cd\"> </span>344 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">344</span> <span class=\"_ _1a3\"> </span>522 <span class=\"_ _18f\"> </span>-  <span class=\"_ _44\"> </span><span class=\"ff18 ls55 ws67\">522</span> Charges d\u2019int\u00e9r\u00eat <span class=\"_ _125\"> </span>19.203 <span class=\"_ _1e\"> </span>226 <span class=\"_ _67\"> </span><span class=\"ff18\">19.429</span><span class=\"wsa5\"> <span class=\"_ _8\"></span>16.379 20<span class=\"_ _1\"></span>7 <span class=\"_ _23b\"></span><span class=\"ff18 ws1\">16.585</span></span> Int\u00e9r\u00eats vers\u00e9s <span class=\"_ _189\"> </span>(15.520) <span class=\"_ _10e\"> </span>(226) <span class=\"_ _96\"> </span><span class=\"ff18\">(15.7<span class=\"_ _0\"></span>46)<span class=\"ff19 wsa6\"> (14.288) (207) <span class=\"_ _23c\"></span><span class=\"ff18 ws1\">(14.495)</span></span></span> Cessations d'emploi <span class=\"_ _23d\"> </span>-  <span class=\"_ _7f\"> </span>(192) <span class=\"_ _34\"> </span><span class=\"ff18\">(192)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _b2\"> </span>(173) <span class=\"_ _21\"> </span><span class=\"ff18\">(173)</span> Modifications <span class=\"_ _1d9\"> </span>-  <span class=\"_ _3d\"> </span>31 <span class=\"_ _1d\"> </span><span class=\"ff18\">31</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _65\"> </span>-  <span class=\"_ _27\"> </span><span class=\"ff18\">- </span> Autre mouv<span class=\"_ _1\"></span>ement  <span class=\"_ _1df\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span> <span class=\"_ _1b3\"> </span>(459) <span class=\"_ _18f\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff18\">(459)</span> Reclassifications <span class=\"_ _195\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span><span class=\"wsa7\"> <span class=\"_ _85\"> </span>1.132 (1.<span class=\"_ _1\"></span>132) <span class=\"_ _ac\"> </span><span class=\"ff18 ws1\">- </span></span> <span class=\"_ _136\"> </span>4.172 <span class=\"_ _226\"> </span>1.460 <span class=\"_ _9\"> </span>5.632 <span class=\"_ _91\"> </span>3.212 <span class=\"_ _3\"> </span>(391) 2.821 Solde au 31 d\u00e9cembre <span class=\"_ _be\"> </span>601.909 <span class=\"_ _7f\"> </span>3.457 <span class=\"_ _7e\"> </span>605.366 <span class=\"_ _1da\"> </span>390.640 <span class=\"_ _44\"> </span>3.296 <span class=\"_ _28\"> </span>393.93527<span class=\"_ _3c\"></span>. Dettes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Fournisseurs <span class=\"_ _235\"> </span> <span class=\"_ _1ff\"> </span>282.855 <span class=\"_ _231\"> </span>169.388 Effets \u00e0 pay<span class=\"_ _1\"></span>er <span class=\"_ _23e\"> </span> <span class=\"_ _135\"> </span>216.958 <span class=\"_ _d7\"> </span>214.722 Contributions \u00e0 la s\u00e9curit\u00e9 sociale <span class=\"_ _23f\"> </span>11 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 Dettes fournis<span class=\"_ _1\"></span>seurs vis-\u00e0-vis des parties li\u00e9es <span class=\"_ _240\"> </span>35 <span class=\"_ _180\"> </span>11.57<span class=\"_ _1\"></span>8 <span class=\"_ _dc\"> </span>12.525 Cr\u00e9diteurs div<span class=\"_ _1\"></span>ers <span class=\"_ _241\"> </span> <span class=\"_ _128\"> </span>4.059 <span class=\"_ _e2\"> </span>2.932 Pro<span class=\"_ _1\"></span>visions <span class=\"_ _dd\"> </span> <span class=\"_ _17a\"> </span>25.7<span class=\"_ _1\"></span>31 <span class=\"_ _11c\"> </span>17<span class=\"_ _1\"></span>.990 Autres tax<span class=\"_ _1\"></span>es <span class=\"_ _8e\"> </span> <span class=\"_ _137\"> </span>4.611 <span class=\"_ _198\"> </span>2.699 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _bb\"> </span>549<span class=\"_ _1\"></span>.283 <span class=\"_ _db\"> </span>422.622Le post<span class=\"_ _1\"></span>e \u00ab effets \u00e0 pay<span class=\"_ _1\"></span>er\u00bb du tableau ci-dessus concerne des arr<span class=\"_ _1\"></span>angements de financement fournisseur li\u00e9s \u00e0 l'acha<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> de mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res primair<span class=\"_ _1\"></span>es, telles que le cuivre<span class=\"_ _1\"></span>, l'acier<span class=\"_ _1\"></span>, etc. dont les d\u00e9lais de paiement peuv<span class=\"_ _1\"></span>ent \u00eatre plus longs que d'habitude pour ce type de f<span class=\"_ _1\"></span>ournitures. 28. Subv<span class=\"_ _1\"></span>entions  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Solde au 1 janvier <span class=\"_ _142\"> </span> <span class=\"_ _101\"> </span>15.804 <span class=\"_ _b6\"> </span>16.487 Nouvelles sub<span class=\"_ _1\"></span>ventions r<span class=\"_ _1\"></span>e\u00e7ues au cours de l'ann\u00e9e <span class=\"_ _d5\"> </span> <span class=\"_ _81\"> </span>871 <span class=\"_ _242\"> </span>42 Nouvelles sub<span class=\"_ _1\"></span>ventions pour lesquelles la r\u00e9ception es<span class=\"_ _1\"></span>t en attente <span class=\"_ _f4\"> </span> <span class=\"_ _12b\"> </span>1<span class=\"_ _8\"></span>19 <span class=\"_ _122\"> </span>- Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _23f\"> </span>8.A <span class=\"_ _186\"> </span>(1.17<span class=\"_ _0\"></span>4) <span class=\"_ _16b\"> </span>(728) Effet du mouv<span class=\"_ _1\"></span>ement des taux de change <span class=\"_ _243\"> </span> <span class=\"_ _12c\"> </span>27 <span class=\"_ _1ae\"> </span>3 Solde au 31 d\u00e9cembre  <span class=\"_ _244\"> </span> <span class=\"_ _12e\"> </span>15.648 <span class=\"_ _180\"> </span>15.804Des subv<span class=\"_ _1\"></span>entions publiques ont \u00e9t\u00e9 obtenues dans le cadr<span class=\"_ _1\"></span>e d\u2019inves<span class=\"_ _1\"></span>tissements en immobilisations corpor<span class=\"_ _1\"></span>elles.<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>outes les c<span class=\"_ _1\"></span>onditions attach\u00e9es aux subv<span class=\"_ _1\"></span>entions re\u00e7ues par Cener<span class=\"_ _1\"></span>gy Holdings ont \u00e9t\u00e9 respect\u00e9es au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022.<span class=\"_ _8\"></span> 29. Pro<span class=\"_ _1\"></span>visions  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Solde au 1 janvier <span class=\"_ _142\"> </span> <span class=\"_ _d7\"> </span>13.410 <span class=\"_ _122\"> </span>- Frais pour l'ann\u00e9e <span class=\"_ _234\"> </span>8.B <span class=\"_ _121\"> </span>665 <span class=\"_ _116\"> </span>12.842 Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _245\"> </span> <span class=\"_ _124\"> </span>821 <span class=\"_ _119\"> </span>568 Solde au 31 d\u00e9cembre  <span class=\"_ _244\"> </span> <span class=\"_ _12e\"> </span>14.897 <span class=\"_ _116\"> </span>13.4<span class=\"_ _1\"></span>10En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) pour l'ann\u00e9e 2021. La char<span class=\"_ _1\"></span>ge pour 2022 se r<span class=\"_ _1\"></span>apporte aux int\u00e9r\u00eats imput\u00e9s<span class=\"_ _8\"></span> sur le montant res<span class=\"_ _1\"></span>tant \u00e0 payer pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et est incluse dans la ligne \u00ab Char<span class=\"_ _1\"></span>ges financi\u00e8res \u00bb.30. Ins<span class=\"_ _1\"></span>truments financiers<span class=\"_ _8\"></span> A. Classifications comptables et jus<span class=\"_ _1\"></span>tes valeurs Le tableau suiv<span class=\"_ _1\"></span>ant reprend les v<span class=\"_ _1\"></span>aleurs comptables des \u00e9l\u00e9ments d\u2019actifs et de pas<span class=\"_ _1\"></span>sifs financiers, ainsi que leur juste valeur<span class=\"_ _0\"></span>, y compris leur niveau dans la hi\u00e9r<span class=\"_ _1\"></span>archie de la just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. 31/12/2022 <span class=\"_ _246\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _119\"> </span>6.308 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _46\"> </span>6.308 <span class=\"_ _1d\"> </span><span class=\"ff18\">6.308</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _189\"> </span>16.6<span class=\"_ _1\"></span>12 <span class=\"_ _64\"> </span>463 <span class=\"_ _1b5\"> </span>16.149 <span class=\"_ _fa\"> </span>-  <span class=\"_ _1b3\"> </span><span class=\"ff18\">16.612</span>  <span class=\"_ _1e3\"> </span>22.920 <span class=\"_ _64\"> </span>463 <span class=\"_ _1cd\"> </span>16.149 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _46\"> </span>22.920 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _12b\"> </span>(10.<span class=\"_ _1\"></span>790) <span class=\"_ _93\"> </span>(956) <span class=\"_ _ab\"> </span>(9.833) <span class=\"_ _fe\"> </span>-  <span class=\"_ _ab\"> </span><span class=\"ff18\">(10.790)</span>  <span class=\"_ _95\"> </span>12.130 <span class=\"_ _41\"> </span>(493) <span class=\"_ _1ad\"> </span>6.315 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _3f\"> </span>12.<span class=\"_ _1\"></span>13031/12/2021 <span class=\"_ _247\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _1c8\"> </span>5.812 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _1e\"> </span>5.812 <span class=\"_ _65\"> </span><span class=\"ff18\">5.812</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _203\"> </span>1.480 <span class=\"_ _188\"> </span>- <span class=\"_ _1a8\"> </span>536 <span class=\"_ _10d\"> </span>944 <span class=\"_ _1a8\"> </span><span class=\"ff18\">1.480</span>  <span class=\"_ _1c9\"> </span>7<span class=\"_ _1\"></span>.293 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1d\"> </span>536 <span class=\"_ _1ad\"> </span>6.756 <span class=\"_ _5d\"> </span>7<span class=\"_ _1\"></span>.293 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _1c8\"> </span>(2.596) <span class=\"_ _33\"> </span>(1.199) <span class=\"_ _113\"> </span>(1.397) <span class=\"_ _fe\"> </span>- <span class=\"_ _1a5\"> </span><span class=\"ff18\">(2.596)</span>  <span class=\"_ _248\"> </span>4.697 <span class=\"_ _3e\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1ad\"> </span>(861) <span class=\"_ _1ad\"> </span>6.7<span class=\"_ _1\"></span>56 <span class=\"_ _1d\"> </span>4.697Les diff\u00e9r<span class=\"_ _1\"></span>ents niveaux sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 1 : Prix cot\u00e9s (non ajust\u00e9s<span class=\"_ _1\"></span>) sur un march\u00e9 actif<span class=\"_ _1\"></span>, pour des actifs et des passifs identiques ; \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 2 : Donn\u00e9es direct<span class=\"_ _1\"></span>ement ou indirectement observ<span class=\"_ _1\"></span>ables ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 3 : Donn\u00e9es non observables c<span class=\"_ _1\"></span>oncernant l'actif ou le passif<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs et passifs financiers suivants, mesur\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt amorti, est une appro<span class=\"_ _1\"></span>ximation de leur valeur c<span class=\"_ _1\"></span>omptable :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie ; \u2022 <span class=\"_ _20\"> </span>Det<span class=\"_ _1\"></span>tes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs ; \u2022 <span class=\"_ _20\"> </span>Emprunts et det<span class=\"_ _1\"></span>tes financi\u00e8res. De mani\u00e8re plus pr\u00e9cise<span class=\"_ _1\"></span>, la valeur comptable des emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme une<span class=\"_ _8\"></span> appro<span class=\"_ _1\"></span>ximation valable de leur jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>, \u00e9tant donn\u00e9 que :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>9<span class=\"_ _1\"></span>3,8 % des emprunts et dettes financi\u00e8res c<span class=\"_ _1\"></span>onsolid\u00e9s sont assortis d\u2019un taux variable qui est une tr\u00e8s bonne appro<span class=\"_ _1\"></span>ximation des taux cour<span class=\"_ _1\"></span>ants du march\u00e9 ; \u2022 <span class=\"_ _20\"> </span>En c<span class=\"_ _1\"></span>e qui concerne les instruments \u00e0 taux fix<span class=\"_ _1\"></span>e (36,8 millions d'euros au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), le crit\u00e8r<span class=\"_ _1\"></span>e de la<span class=\"_ _8\"></span> juste v<span class=\"_ _1\"></span>aleur fond\u00e9 sur les taux actuels du march\u00e9 indique que leur jus<span class=\"_ _1\"></span>te valeur a \u00e9t\u00e9 d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e \u00e0 38,2 millions<span class=\"_ _8\"></span> d'euros. Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre les soldes d'ouv<span class=\"_ _1\"></span>erture et de cl\u00f4tur<span class=\"_ _1\"></span>e des actifs financiers de<span class=\"_ _8\"></span> niveau 3, qui sont clas<span class=\"_ _1\"></span>s\u00e9s comme inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1ee\"> </span>5.812 <span class=\"_ _145\"> </span>5.657 V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812B. Mesure de la just<span class=\"_ _1\"></span>e valeur (a) T<span class=\"_ _0\"></span>echniques d'\u00e9valuation e<span class=\"_ _1\"></span>t donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui sont n\u00e9goci\u00e9s sur les march\u00e9s actifs (mar<span class=\"_ _1\"></span>ch\u00e9s boursiers) (par e<span class=\"_ _1\"></span>xemple, les instruments d\u00e9riv\u00e9s tels que les c<span class=\"_ _1\"></span>ontrats \u00e0 terme<span class=\"_ _1\"></span>, les actions, les obligations, les fonds communs de placement) est \u00e9tablie en fonction des prix publi\u00e9s (<span class=\"_ _1\"></span>donn\u00e9es d\u2019<span class=\"_ _1\"></span>entr\u00e9e de niveau 1) qui sont v<span class=\"_ _1\"></span>alides \u00e0 la date de cl\u00f4ture<span class=\"_ _1\"></span>. La juste valeur des actifs financiers es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e par leur cours v<span class=\"_ _1\"></span>endeur tandis que la juste valeur des pas<span class=\"_ _1\"></span>sifs financiers est<span class=\"_ _8\"></span> d\u00e9termin\u00e9e par leur cours achet<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui ne sont pas n\u00e9goci\u00e9s sur des march\u00e9s actifs est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e au moy<span class=\"_ _1\"></span>en de<span class=\"_ _8\"></span> techniques et de normes d'\u00e9v<span class=\"_ _1\"></span>aluation fond\u00e9es sur les donn\u00e9es du march\u00e9 \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. La juste v<span class=\"_ _1\"></span>aleur des passifs financiers, aux fins d'\u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9es dans les \u00e9tats financiers, est estim\u00e9e en fonction de la valeur actuelle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs d\u00e9coulant de contr<span class=\"_ _1\"></span>ats sp\u00e9cifiques, en utilisant le taux d'int\u00e9r\u00eat actuel disponible pour Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s pour des instruments de cr\u00e9dit financier similaires. Les donn\u00e9es qui ne r<span class=\"_ _1\"></span>espectent pas les crit\u00e8res r<span class=\"_ _1\"></span>espectifs et qui ne peuvent pas \u00eatr<span class=\"_ _1\"></span>e class\u00e9es au niveau 1, mais qui sont observables, dir<span class=\"_ _1\"></span>ectement ou indir<span class=\"_ _1\"></span>ectement, rel\u00e8v<span class=\"_ _1\"></span>ent du niveau 2. Les ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s n\u00e9goci\u00e9s<span class=\"_ _8\"></span> de gr\u00e9 \u00e0 gr\u00e9 \u00e9valu\u00e9s sur la base de c<span class=\"_ _1\"></span>ours obtenus de courtiers r<span class=\"_ _1\"></span>el\u00e8vent de ce m\u00eame niv<span class=\"_ _1\"></span>eau. Les actifs financiers, tels que les actions non c<span class=\"_ _1\"></span>ot\u00e9es ou les r\u00e9gimes d'options qui ne sont pas n\u00e9goci\u00e9s sur un<span class=\"_ _8\"></span> march\u00e9 actif dont la mesur<span class=\"_ _1\"></span>e est fond\u00e9e soit sur les pr\u00e9visions des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings pour la rentabilit\u00e9 future de l'\u00e9mett<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>, soit sur une autre m\u00e9thode lar<span class=\"_ _1\"></span>gement acceptable<span class=\"_ _1\"></span>, sont class\u00e9s au niveau 3. Le tableau ci-dessous montr<span class=\"_ _1\"></span>e les techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion employ\u00e9es pour l\u2019\u00e9valua<span class=\"_ _1\"></span>tion de la juste valeur<span class=\"_ _0\"></span>, ainsi que<span class=\"_ _8\"></span> les donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es utilis\u00e9es :  <span class=\"_ _1c6\"> </span> <span class=\"_ _9e\"> </span> T<span class=\"_ _1\"></span>ype <span class=\"_ _214\"> </span>T<span class=\"_ _0\"></span>echnique d'\u00e9valuation <span class=\"_ _1cf\"> </span>Donn\u00e9es non  observables significativ<span class=\"_ _1\"></span>es Interrela<span class=\"_ _1\"></span>tion entre les donn\u00e9esnon observables cl\u00e9s etl'\u00e9valuation de la just<span class=\"_ _1\"></span>e valeur Contra<span class=\"_ _1\"></span>ts de  <span class=\"_ _71\"> </span> change \u00e0  <span class=\"_ _1a8\"> </span> terme  <span class=\"_ _fa\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>T<span class=\"_ _0\"></span>echnique de comparaison du  <span class=\"ff17\">march\u00e9 : </span>Les justes valeurs sont  bas\u00e9es sur les cours obtenus aupr\u00e8s des courtiers. Des contrats similaires sont n\u00e9goci\u00e9s sur des march\u00e9s actifs et les cotations refl\u00e8tent les tr<span class=\"_ _1\"></span>ansactions d'instruments financiers similairesC<span class=\"_ _1\"></span>otations de courtier <span class=\"_ _5d\"> </span>Pas applicable Contra<span class=\"_ _1\"></span>ts de   <span class=\"_ _113\"> </span> swap de taux  <span class=\"_ _112\"> </span> d'int\u00e9r\u00eat <span class=\"_ _63\"> </span> <span class=\"_ _117\"> </span>Actualisation des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs \u00e0 l'aide des courbes de taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e  et du risque de cr\u00e9dit inh\u00e9rent au contrat Donn\u00e9es de risque de cr\u00e9dit Pas applicable Contra<span class=\"_ _1\"></span>ts \u00e0 terme  <span class=\"_ _a6\"> </span> - future <span class=\"_ _a1\"> </span>V<span class=\"_ _1\"></span>aleur du march\u00e9 <span class=\"ff19\">: Cours tel qu'il </span> est n\u00e9goci\u00e9 sur un march\u00e9 actif  Non applicable Non applicable T<span class=\"_ _1\"></span>itres de  <span class=\"_ _f7\"> </span> participations  <span class=\"_ _21\"> </span> non n\u00e9goci\u00e9s  <span class=\"_ _112\"> </span> sur des march\u00e9s  <span class=\"_ _f6\"> </span> actifs <span class=\"_ _147\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>M\u00e9thode de l\u2019actif ne<span class=\"_ _1\"></span>t ajust\u00e9 : Selon cett<span class=\"_ _1\"></span>e m\u00e9thode, le Groupe  ajuste la valeur c<span class=\"_ _1\"></span>omptable des  actifs et passifs d\u2019un placement,  si et quand c\u2019<span class=\"_ _1\"></span>est n\u00e9cessaire<span class=\"_ _1\"></span>, pour  arriver \u00e0 leur juste v<span class=\"_ _1\"></span>aleur de  march\u00e9 au moment de l\u2019\u00e9valuation Inv<span class=\"_ _1\"></span>estissement dans No<span class=\"_ _1\"></span>val  <span class=\"ff17\">Property : </span>Nov<span class=\"_ _1\"></span>al Property est   une soci\u00e9t\u00e9 immobili\u00e8re qui  suit un mod\u00e8le de juste valeur  pour \u00e9valuer ses actifs. P<span class=\"_ _1\"></span>ar  cons\u00e9quent, l'actif net est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une mesure fiable pour l'estimation de la juste valeur de l'inv<span class=\"_ _1\"></span>estissement La juste valeur estim\u00e9e augmenter<span class=\"_ _1\"></span>ait (diminuerait) en fonction de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers sous- jacents d\u00e9tenus(b) T<span class=\"_ _0\"></span>ransf<span class=\"_ _1\"></span>erts entre les niveaux 1 et 2 Il n\u2019y a pas eu de transf<span class=\"_ _1\"></span>erts du niveau 2 v<span class=\"_ _1\"></span>ers le niveau 1 ou du niv<span class=\"_ _1\"></span>eau 1 vers le niv<span class=\"_ _1\"></span>eau 2 en 2022 ni en 2021. C. Gestion du risque financier Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de cr\u00e9dit, de liquidit\u00e9 et de march\u00e9 d\u00e9c<span class=\"_ _1\"></span>oulant de<span class=\"_ _8\"></span> l\u2019utilisation de ses instruments financiers. La pr\u00e9sente not<span class=\"_ _1\"></span>e donne des informations sur leur e<span class=\"_ _1\"></span>xposition \u00e0 chacun des<span class=\"_ _8\"></span> risques ci-dessus, leurs objectifs, la politique et les pr<span class=\"_ _1\"></span>oc\u00e9dures en mati\u00e8r<span class=\"_ _1\"></span>e d\u2019estima<span class=\"_ _1\"></span>tion et de gestion des risques,<span class=\"_ _8\"></span> ainsi que la gestion du capital de Cener<span class=\"_ _1\"></span>gy Holdings (note 25). Des politiques de gestion des risques sont appliqu\u00e9es pour identifier et analyser les risques aux<span class=\"_ _1\"></span>quels Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings et ses entreprises sont c<span class=\"_ _1\"></span>onfront\u00e9s, d\u00e9finir des limites de prise de risques et appliquer des s<span class=\"_ _1\"></span>yst\u00e8mes de contr\u00f4le pertinents. Les politiques et les s<span class=\"_ _1\"></span>yst\u00e8mes pertinents en mati\u00e8r<span class=\"_ _1\"></span>e de gestion des risques sont ex<span class=\"_ _1\"></span>amin\u00e9s \u00e0<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>occasion afin de prendr<span class=\"_ _1\"></span>e en consid\u00e9r<span class=\"_ _1\"></span>ation toutes les v<span class=\"_ _1\"></span>ariations du march\u00e9 et des activit\u00e9s des soci\u00e9t\u00e9s. La mise en \u0153uvre des politiques et des pr<span class=\"_ _1\"></span>oc\u00e9dures de gestion des risques es<span class=\"_ _1\"></span>t surveill\u00e9e par la fonction de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> interne, qui eff<span class=\"_ _1\"></span>ectue des v\u00e9rifications r\u00e9currentes et non r\u00e9curr<span class=\"_ _1\"></span>entes, tandis que les r\u00e9sultats de ces v\u00e9rifica<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> sont notifi\u00e9s au conseil d'administr<span class=\"_ _1\"></span>ation. C.<span class=\"_ _1\"></span>1. Risque de cr\u00e9dit<span class=\"_ _8\"></span> Le risque de cr\u00e9dit est le risque de pert<span class=\"_ _1\"></span>e financi\u00e8re pour Cener<span class=\"_ _1\"></span>gy Holdings si un client ou une contrepartie \u00e0 un instrument financier ne r<span class=\"_ _1\"></span>especte pas ses obligations contr<span class=\"_ _1\"></span>actuelles et pro<span class=\"_ _1\"></span>vient principalement des cr\u00e9ances clients<span class=\"_ _8\"></span> et des actifs sur contr<span class=\"_ _1\"></span>ats et des d\u00e9p\u00f4ts aupr\u00e8s des banques.<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des actifs financiers repr\u00e9sente l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition maximale au risque de cr\u00e9dit.<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _54\"> </span>Note  <span class=\"_ _180\"> </span>2022 <span class=\"_ _121\"> </span>2021 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - courant <span class=\"_ _129\"> </span>15 <span class=\"_ _135\"> </span>192.769 <span class=\"_ _b7\"> </span>132.040 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - non courant <span class=\"_ _c3\"> </span>15 <span class=\"_ _11d\"> </span>1.227 <span class=\"_ _124\"> </span>1.177 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _1ce\"> </span>7<span class=\"_ _1\"></span>.D <span class=\"_ _db\"> </span>195.481 <span class=\"_ _11c\"> </span>98.217 Moins : <span class=\"_ _d8\"> </span>  <span class=\"_ _24a\"> </span>  <span class=\"_ _1bc\"> </span>  Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _24b\"> </span>15 <span class=\"_ _12e\"> </span>(3.17<span class=\"_ _1\"></span>8) <span class=\"_ _e2\"> </span>(624) Actifs d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _24c\"> </span>15 <span class=\"_ _be\"> </span>(11.610) <span class=\"_ _db\"> </span>(14.4<span class=\"_ _1\"></span>76) Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _162\"> </span>15 <span class=\"_ _18a\"> </span>(18.910) <span class=\"_ _128\"> </span>(4.716) Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _143\"> </span>355.778 <span class=\"_ _13f\"> </span>211.617 Inv<span class=\"_ _1\"></span>estissements en capitaux \u00e0 la juste v<span class=\"_ _1\"></span>aleur par  le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _e2\"> </span>22 <span class=\"_ _180\"> </span>6.308 <span class=\"_ _133\"> </span>5.812 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _24e\"> </span>16 <span class=\"_ _b7\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _170\"> </span>129.606 Instruments d\u00e9riv\u00e9s <span class=\"_ _e7\"> </span>23 <span class=\"_ _128\"> </span>16.612 <span class=\"_ _16b\"> </span>1.480 Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _10a\"> </span>190.0<span class=\"_ _1\"></span>79 <span class=\"_ _101\"> </span>136.899 T<span class=\"_ _0\"></span>otal g\u00e9n\u00e9ral <span class=\"_ _149\"> </span>  <span class=\"_ _d0\"> </span>545.857 <span class=\"_ _101\"> </span>348.516(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, la balance \u00e2g\u00e9e des cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs qui n'ont pas \u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9es \u00e9tait la suiv<span class=\"_ _1\"></span>ante :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Ni \u00e9chu ni douteux <span class=\"_ _16f\"> </span> 343.965 <span class=\"_ _192\"> </span>196.7<span class=\"_ _1\"></span>49 \u00c9chu <span class=\"_ _253\"> </span>  <span class=\"_ _167\"> </span>  - Jusqu'\u00e0 6 mois <span class=\"_ _254\"> </span> 10.800 <span class=\"_ _101\"> </span>13.687 - Plus de 6 mois <span class=\"_ _255\"> </span> 1.013 <span class=\"_ _132\"> </span>1.<span class=\"_ _1\"></span>182 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617La direction des filiales es<span class=\"_ _1\"></span>time que les montants dus jusqu\u2019\u00e0 6 mois et plus de 6 mois sont encore enti\u00e8r<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables, sur la base de l\u2019hist<span class=\"_ _1\"></span>orique des paiements et d\u2019une analyse approf<span class=\"_ _1\"></span>ondie du risque de cr\u00e9dit client, y<span class=\"_ _8\"></span> compris les notations de cr\u00e9dit sous-jac<span class=\"_ _1\"></span>entes, si celles-ci sont disponibles. Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, les cr\u00e9ances \u00e9chues mais non d\u00e9pr\u00e9ci\u00e9es c<span class=\"_ _1\"></span>oncernaient essentiellement les principaux groupes indus<span class=\"_ _1\"></span>triels, les principaux services publics et priv\u00e9s et les principaux re<span class=\"_ _1\"></span>vendeurs. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings assurent la majorit\u00e9 de leurs cr\u00e9anc<span class=\"_ _1\"></span>es contre le risque de d\u00e9f<span class=\"_ _1\"></span>aut. Au 31 d\u00e9cembre 2022, 85,9 % des soldes dus par les contr<span class=\"_ _1\"></span>eparties \u00e9taient assur\u00e9s. La variation de la d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion sur les cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et sur les actifs sur contrats se pr\u00e9sent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> comme suit :  <span class=\"_ _51\"> </span> <span class=\"_ _7\"></span>2022 <span class=\"_ _85\"> </span> <span class=\"_ _41\"> </span> 2021 <span class=\"_ _256\"> </span> <span class=\"_ _258\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _89\"> </span>Cr\u00e9ances clients et autres   d\u00e9biteurs  <span class=\"_ _5b\"> </span> Actifs sur <span class=\"_ _5b\"> </span> contrats <span class=\"_ _1da\"> </span>T<span class=\"_ _0\"></span>otal Cr\u00e9ances clients et autres   d\u00e9biteurs Actifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _112\"> </span>T<span class=\"_ _1\"></span>otal Solde au 1 janvier <span class=\"_ _259\"> </span>26.031 <span class=\"_ _1ad\"> </span>318 <span class=\"_ _7d\"> </span>26.349 <span class=\"_ _89\"> </span>24.390 <span class=\"_ _93\"> </span>143 <span class=\"_ _8d\"> </span>24.533 Perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e <span class=\"_ _213\"> </span>450 <span class=\"_ _1a8\"> </span>12 <span class=\"_ _25a\"> </span><span class=\"ff18 ls55 ws67\">463</span><span class=\"wsae\"> <span class=\"_ _53\"> </span>46 175 <span class=\"_ _31\"></span><span class=\"ff18 ws1\">220</span></span> Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _db\"> </span>(38) <span class=\"_ _113\"> </span>(127) <span class=\"_ _108\"> </span><span class=\"ff18\">(165)</span><span class=\"wsaf\"> <span class=\"_ _3a\"> </span>(168) - <span class=\"_ _25b\"></span><span class=\"ff18 ws1\">(168)</span></span> Reprise de / (perte de v<span class=\"_ _1\"></span>aleur)  sur les cr\u00e9ances et les actifs sur  contr<span class=\"_ _1\"></span>ats <span class=\"_ _1dc\"> </span>412 <span class=\"_ _1cd\"> </span>(115) <span class=\"_ _94\"> </span><span class=\"ff18 ls55 ws67\">297</span><span class=\"wsae\"> <span class=\"_ _6c\"> </span>(122) 175 <span class=\"ff18 ls92 ws61\">53</span></span> Radiations <span class=\"_ _256\"> </span>(153) <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">(153)</span><span class=\"wsaf\"> <span class=\"_ _2d\"> </span>(14) - <span class=\"_ _25d\"></span><span class=\"ff18 ws1\">(14)</span></span> Ecarts de change <span class=\"_ _203\"> </span>1.255 <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">1.255</span><span class=\"wsaf\"> <span class=\"_ _5\"> </span>1.<span class=\"_ _1\"></span>777 - <span class=\"_ _25e\"></span><span class=\"ff18 ws1\">1.777</span></span> Solde au 31 d\u00e9cembre <span class=\"_ _180\"> </span>27<span class=\"_ _1\"></span>.545 <span class=\"_ _93\"> </span>203 <span class=\"_ _ef\"> </span>27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48 <span class=\"_ _1a8\"> </span>26.031 <span class=\"_ _1a5\"> </span>318 <span class=\"_ _6e\"> </span>26.349La pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur les cr\u00e9ances clients et les actifs sur contr<span class=\"_ _1\"></span>ats est calcul\u00e9e \u00e0 titre individuel, lorsqu\u2019il exis<span class=\"_ _1\"></span>te un indice de d\u00e9pr\u00e9ciation. Pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrats sans indication de d\u00e9pr\u00e9ciation, les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues se fondent sur les donn\u00e9es historiques c<span class=\"_ _1\"></span>ombin\u00e9es aux projections concernant les f<span class=\"_ _1\"></span>acteurs macro\u00e9c<span class=\"_ _1\"></span>onomiques qui influent sur le risque de cr\u00e9dit, notamment le risque pays et les risques li\u00e9s aux secteurs d\u2019<span class=\"_ _1\"></span>activit\u00e9 des clients. La hausse de l\u2019inflation et des taux d\u2019int\u00e9r\u00eat a \u00e9galement \u00e9t\u00e9 prise en<span class=\"_ _8\"></span> compte dans le calcul des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e en cours, sans impact significatif sur la perte de valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e.<span class=\"_ _8\"></span> Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842(b) T<span class=\"_ _0\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s d\u00e9tenaient des liquidit\u00e9s et des \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie de 167<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>160 milliers d\u2019eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. La tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie sont d\u00e9tenus aupr\u00e8s de banques et d\u2019ins<span class=\"_ _1\"></span>titutions<span class=\"_ _8\"></span> financi\u00e8res not\u00e9es de AA<span class=\"_ _1\"></span>- \u00e0 B par l\u2019agenc<span class=\"_ _1\"></span>e Fitch. C.2. Risque de liquidit\u00e9 Le risque de liquidit\u00e9 corr<span class=\"_ _1\"></span>espond au risque que Cenergy Holdings et ses soci\u00e9t\u00e9s \u00e9pr<span class=\"_ _1\"></span>ouvent des difficult\u00e9s \u00e0 r<span class=\"_ _1\"></span>emplir<span class=\"_ _8\"></span> les obligations associ\u00e9es \u00e0 leurs dett<span class=\"_ _1\"></span>es financi\u00e8res qui sont \u00e0 r\u00e9gler par le transf<span class=\"_ _1\"></span>ert de liquidit\u00e9s ou d\u2019un autre actif financier<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>\u2019appr<span class=\"_ _1\"></span>oche adopt\u00e9e afin de g\u00e9rer les liquidit\u00e9s consis<span class=\"_ _1\"></span>te \u00e0 s\u2019assur<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>, autant que possible, qu\u2019<span class=\"_ _1\"></span>elles disposeront de suffisamment de liquidit\u00e9s pour r\u00e9pondr<span class=\"_ _1\"></span>e \u00e0 leurs obligations lorsque celles-ci sont dues, dans des conditions normales, mais aussi dans des c<span class=\"_ _1\"></span>onditions de tensions, sans encourir de pertes inac<span class=\"_ _1\"></span>ceptables ou de risquer de porter att<span class=\"_ _1\"></span>einte \u00e0 leur r\u00e9putation. Afin d\u2019\u00e9vit<span class=\"_ _1\"></span>er les risques de liquidit\u00e9, Cenergy Holdings et ses soci\u00e9t\u00e9s pr<span class=\"_ _1\"></span>oc\u00e8dent \u00e0 une estimation des flux de tr\u00e9sorerie pr\u00e9vus pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e suivante lorsqu\u2019<span class=\"_ _1\"></span>elles pr\u00e9par<span class=\"_ _1\"></span>ent le budget annuel. En outre, elles suiv<span class=\"_ _1\"></span>ent les pr\u00e9visions<span class=\"_ _8\"></span> en glissement mensuel conc<span class=\"_ _1\"></span>ernant les flux de tr\u00e9sorerie du trimestr<span class=\"_ _1\"></span>e suivant, afin de s\u2019as<span class=\"_ _1\"></span>surer de disposer de suffisamment de liquidit\u00e9 pour r\u00e9pondre aux besoins op\u00e9r<span class=\"_ _1\"></span>ationnels, y compris pour couvrir leurs obliga<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> financi\u00e8res. C<span class=\"_ _1\"></span>ette politique ne tient pas compte de l\u2019impact pot<span class=\"_ _1\"></span>entiel de circons<span class=\"_ _1\"></span>tances extr\u00eames impr\u00e9visibles. Steelmet S.A., une soci\u00e9t\u00e9 affili\u00e9e, surv<span class=\"_ _1\"></span>eille les besoins en liquidit\u00e9s des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings et convient de mani\u00e8re c<span class=\"_ _1\"></span>entralis\u00e9e des conditions de financ<span class=\"_ _1\"></span>ement avec les \u00e9tablis<span class=\"_ _1\"></span>sements de cr\u00e9dit en Gr\u00e8ce et dans d\u2019autr<span class=\"_ _1\"></span>es pays.Exposition au risque de liquidit\u00e9 Les passifs financiers et les instruments d\u00e9riv\u00e9s bas\u00e9s sur des \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es contractuelles sont v<span class=\"_ _1\"></span>entil\u00e9s comme suit :31/12/2022 <span class=\"_ _154\"> </span>Flux de tr\u00e9sorerie contr<span class=\"_ _1\"></span>actuels <span class=\"_ _104\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0  1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _0\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>402.<span class=\"_ _1\"></span>112<span class=\"ff19 wsb1\"> 402.691 <span class=\"_ _ac\"> </span>531 <span class=\"_ _6a\"> </span>956 <span class=\"_ _226\"> </span>26 <span class=\"_ _260\"></span><span class=\"ff18 ws60\">404.204</span></span> Obligations \u00e9mises <span class=\"_ _167\"> </span>199.<span class=\"_ _1\"></span>798<span class=\"ff19 wsb2\"> <span class=\"_ _fc\"> </span>80.891 <span class=\"_ _2b\"> </span>32.778 <span class=\"_ _4\"> </span>93.610 9.<span class=\"_ _1\"></span>487 <span class=\"_ _18\"></span><span class=\"ff18 ws60\">216.<span class=\"_ _1\"></span>766</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _259\"> </span><span class=\"ff18 ws60\">3.457</span><span class=\"wsb3\"> <span class=\"_ _2\"> </span>1.625 <span class=\"_ _5\"> </span>796 1.<span class=\"_ _1\"></span>126 <span class=\"_ _8a\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">3.547</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _242\"> </span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span><span class=\"wsb5\"> 10.7<span class=\"_ _1\"></span>90 <span class=\"_ _f6\"> </span>- <span class=\"_ _85\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span></span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _9d\"> </span><span class=\"ff18 ws60\">541.181</span><span class=\"wsb6\"> 54<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>181 <span class=\"_ _b3\"> </span>- <span class=\"_ _a8\"> </span>- <span class=\"_ _fc\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 ws60\">541.<span class=\"_ _1\"></span>181</span></span>  <span class=\"_ _217\"> </span>1.<span class=\"_ _1\"></span>157<span class=\"_ _0\"></span>.337 <span class=\"_ _1d7\"> </span>1.03<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>178 <span class=\"_ _a4\"> </span>34.<span class=\"_ _1\"></span>104 <span class=\"_ _1b0\"> </span>95.693 <span class=\"_ _21\"> </span>9.512 <span class=\"_ _ec\"> </span>1.17<span class=\"_ _1\"></span>6.48731/12/2021 <span class=\"_ _d1\"> </span>Flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels <span class=\"_ _58\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0 1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _1\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>203.998<span class=\"ff19 wsb8\"> 19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.271 <span class=\"_ _106\"> </span>9.057 3.269 <span class=\"_ _24\"> </span>128 <span class=\"_ _23c\"></span><span class=\"ff18 ws60\">209.7<span class=\"_ _1\"></span>25</span></span> Obligations \u00e9mises <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">186.641</span><span class=\"wsb9\"> <span class=\"_ _2c\"> </span>28.065 <span class=\"_ _fc\"> </span>75.683 <span class=\"_ _3\"> </span>76.230 28.4<span class=\"_ _1\"></span>13 <span class=\"_ _2f\"></span><span class=\"ff18 ws60\">208.391</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">3.296</span><span class=\"wsba\"> <span class=\"_ _26\"> </span>1.665 1.046 <span class=\"_ _3b\"> </span>756 <span class=\"_ _52\"> </span>- <span class=\"_ _19\"></span><span class=\"ff18 ws60\">3.467</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _ea\"> </span><span class=\"ff18 ws60\">2.596</span><span class=\"wsbb\"> 2.596 <span class=\"_ _29\"> </span>- <span class=\"_ _97\"> </span>- <span class=\"_ _8a\"> </span>- <span class=\"_ _262\"></span><span class=\"ff18 ws60\">2.596<span class=\"ff19 ls6 ws1\"> </span></span></span>Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _1d7\"> </span>417<span class=\"_ _0\"></span>.557<span class=\"ff19 wsbc\"> 417<span class=\"_ _0\"></span>.557 <span class=\"_ _53\"> </span>- <span class=\"_ _f6\"> </span>- <span class=\"_ _a7\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">417<span class=\"_ _0\"></span>.557</span></span>  <span class=\"_ _45\"> </span>814.089 <span class=\"_ _4f\"> </span>647<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>154 <span class=\"_ _a4\"> </span>85.7<span class=\"_ _1\"></span>85 <span class=\"_ _1b0\"> </span>80.256 <span class=\"_ _96\"> </span>28.542 <span class=\"_ _69\"> </span>84<span class=\"_ _1\"></span>1.736Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont des emprunts qui contiennent des clauses non financi\u00e8res. En cas de manquement \u00e0 l\u2019une de ces clauses, les soci\u00e9t\u00e9s conc<span class=\"_ _1\"></span>ern\u00e9es doivent r<span class=\"_ _1\"></span>embourser les emprunts de mani\u00e8re anticip\u00e9e par rapport aux \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es indiqu\u00e9es dans le tableau ci-dessus. En vertu des ac<span class=\"_ _1\"></span>cords des emprunts e<span class=\"_ _1\"></span>xistants, les engagements sont contr\u00f4l\u00e9s et communiqu\u00e9s r\u00e9guli\u00e8r<span class=\"_ _1\"></span>ement \u00e0 la direction afin d\u2019<span class=\"_ _1\"></span>assurer leur c<span class=\"_ _1\"></span>onformit\u00e9. \u00c0 l\u2019heure actuelle, il n\u2019<span class=\"_ _1\"></span>exis<span class=\"_ _1\"></span>te pas de clauses non financi\u00e8res (par e<span class=\"_ _1\"></span>xemple r<span class=\"_ _1\"></span>elatives \u00e0 c<span class=\"_ _1\"></span>ertains niveaux de r<span class=\"_ _1\"></span>atios financiers) dans les emprunts exis<span class=\"_ _1\"></span>tants.<span class=\"_ _8\"></span> C.3. Risque du march\u00e9 Le risque du mar<span class=\"_ _1\"></span>ch\u00e9 est le risque que des fluctuations des cours des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8res, des taux de change et des taux d\u2019int\u00e9r\u00eat auront un impact sur les r\u00e9sultats de C<span class=\"_ _1\"></span>energy Holdings et de ses soci\u00e9t\u00e9s ou sur la v<span class=\"_ _1\"></span>aleur de leurs<span class=\"_ _8\"></span> instruments financiers. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings utilisent des instruments d\u00e9riv\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er ce risque. En r\u00e8gle g\u00e9n\u00e9rale<span class=\"_ _1\"></span>, elles s\u2019eff<span class=\"_ _1\"></span>orcent d\u2019<span class=\"_ _1\"></span>appliquer une comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture afin de g\u00e9r<span class=\"_ _1\"></span>er la volatilit\u00e9 du r\u00e9sultat. (a) Risque de change : Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de change d\u00e9coulant des v<span class=\"_ _1\"></span>entes et achats r\u00e9alis\u00e9s, ainsi que des emprunts libell\u00e9s dans une monnaie autre que la monnaie f<span class=\"_ _1\"></span>onctionnelle de Cenergy Holdings et de ses soci\u00e9t\u00e9s, qui est essentiellement l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o. Les monnaies les plus importantes dans lesquelles c<span class=\"_ _1\"></span>es transactions sont effectu\u00e9es sont l\u2019<span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>, le dollar am\u00e9ricain et la livre st<span class=\"_ _1\"></span>erling.<span class=\"_ _8\"></span> \u00c0 terme, les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings couvr<span class=\"_ _1\"></span>ent la majeure partie de leur e<span class=\"_ _1\"></span>xposition aux devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es li\u00e9es aux vent<span class=\"_ _1\"></span>es et achats pr\u00e9vus, ainsi qu\u2019aux cr\u00e9ances et engagements en de<span class=\"_ _1\"></span>vise \u00e9trang\u00e8r<span class=\"_ _1\"></span>e. Les principaux instruments utilis\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er le risque de change sont des contrats \u00e0 t<span class=\"_ _1\"></span>erme, conclus av<span class=\"_ _1\"></span>ec des contr<span class=\"_ _1\"></span>eparties<span class=\"_ _8\"></span> ext<span class=\"_ _1\"></span>ernes et expir<span class=\"_ _1\"></span>ant dans un d\u00e9lai inf\u00e9rieur \u00e0 un an \u00e0 compter de la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Lorsque cela es<span class=\"_ _1\"></span>t jug\u00e9 n\u00e9cessair<span class=\"_ _1\"></span>e,<span class=\"_ _8\"></span> ces contr<span class=\"_ _1\"></span>ats sont renouv<span class=\"_ _1\"></span>el\u00e9s \u00e0 l'\u00e9ch\u00e9ance.  L<span class=\"_ _1\"></span>e risque de change peut \u00e9galement \u00eatre couv<span class=\"_ _1\"></span>ert \u00ab naturellement \u00bb en contr<span class=\"_ _1\"></span>actant des emprunts dans les devises r<span class=\"_ _1\"></span>espectives si les int\u00e9r\u00eats des emprunts sont libell\u00e9s dans la m\u00eame devise que celle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie pro<span class=\"_ _1\"></span>venant des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Les inv<span class=\"_ _1\"></span>estissements que C<span class=\"_ _1\"></span>energy Holdings et ses soci\u00e9t\u00e9s r\u00e9alisent dans leurs filiales ne sont pas couv<span class=\"_ _1\"></span>erts, car ces positions de change sont consid\u00e9r\u00e9es comme \u00e9tant prises \u00e0 long t<span class=\"_ _1\"></span>erme et sont principalement en euros. 31/12/2022 <span class=\"_ _7c\"> </span> <span class=\"_ _147\"> </span> <span class=\"_ _fa\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _41\"> </span>27<span class=\"_ _0\"></span>.997 <span class=\"_ _94\"> </span>10.423 <span class=\"_ _34\"> </span>18.591 <span class=\"_ _1d\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18 lsf8 wsbd\">5<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>2</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _19e\"> </span>9.653 <span class=\"_ _63\"> </span>13 <span class=\"_ _19e\"> </span>364 <span class=\"_ _1cc\"> </span>1 <span class=\"_ _b1\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>0.031</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _1ad\"> </span>(1.<span class=\"_ _1\"></span>119) <span class=\"_ _9b\"> </span>(3.892) <span class=\"_ _108\"> </span>(5.285) <span class=\"_ _1d\"> </span>- <span class=\"_ _a6\"> </span><span class=\"ff18\">(10.296)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _1da\"> </span>(98.277) <span class=\"_ _b2\"> </span>(1.<span class=\"_ _1\"></span>048) <span class=\"_ _80\"> </span>(19.664) <span class=\"_ _1d\"> </span>- <span class=\"_ _a9\"> </span><span class=\"ff18\">(118.989)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _9b\"> </span>(41.<span class=\"_ _1\"></span>082) <span class=\"_ _210\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _38\"></span>(66) <span class=\"_ _3f\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff18\">(41.<span class=\"_ _1\"></span>148)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _21\"> </span>(67<span class=\"_ _1\"></span>.650) <span class=\"_ _1cd\"> </span>5.497 <span class=\"_ _1f\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _8b\"> </span>(68.213) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(121.<span class=\"_ _1\"></span>779) <span class=\"_ _55\"> </span>(18.914) <span class=\"_ _5c\"> </span>- <span class=\"_ _1d\"> </span>- <span class=\"_ _a7\"> </span><span class=\"ff18\">(140.69<span class=\"_ _1\"></span>2)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _b1\"> </span>(189.429) <span class=\"_ _21\"> </span>(13.417) <span class=\"_ _a3\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _6a\"> </span>(208.905) 31/12/2021 <span class=\"_ _9a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _fe\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _1b1\"> </span>10.028 <span class=\"_ _93\"> </span>7<span class=\"_ _1\"></span>.562 <span class=\"_ _44\"> </span>16.638 <span class=\"_ _94\"> </span>643 <span class=\"_ _68\"> </span><span class=\"ff18\">34.871</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _1ad\"> </span>4.934 <span class=\"_ _5e\"> </span>2.<span class=\"_ _1\"></span>156 <span class=\"_ _1ad\"> </span>420 <span class=\"_ _1d\"> </span>1 <span class=\"_ _b2\"> </span><span class=\"ff18\">7<span class=\"_ _1\"></span>.511</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _10e\"> </span>(4.331) <span class=\"_ _210\"> </span>-  <span class=\"_ _86\"> </span>(2.613) <span class=\"_ _1d\"> </span>-  <span class=\"_ _6d\"> </span><span class=\"ff18\">(6.944)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _265\"> </span>(21.230) <span class=\"_ _a4\"> </span>(1.825) <span class=\"_ _f4\"> </span>(14.<span class=\"_ _1\"></span>162) <span class=\"_ _1d\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.217)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _fe\"> </span>-  <span class=\"_ _19f\"> </span>-  <span class=\"_ _1b5\"> </span>(23) <span class=\"_ _68\"> </span>(4.811) <span class=\"_ _35\"> </span><span class=\"ff18\">(4.834)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _1da\"> </span>(10.5<span class=\"_ _1\"></span>99) <span class=\"_ _93\"> </span>7<span class=\"_ _0\"></span>.893 <span class=\"_ _1ad\"> </span>260 <span class=\"_ _90\"> </span>(4.168) <span class=\"_ _96\"> </span>(6.613) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(39.692) <span class=\"_ _62\"> </span>(21.049) <span class=\"_ _5c\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff18 ls11 ws5b\">(<span class=\"_ _8\"></span>60.7<span class=\"_ _1\"></span>41<span class=\"_ _8\"></span>)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _f4\"> </span>(50.290) <span class=\"_ _1b0\"> </span>(13.156) <span class=\"_ _46\"> </span>260 <span class=\"_ _53\"> </span>(4.<span class=\"_ _1\"></span>168) <span class=\"_ _a6\"> </span>(6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.354)Les taux de change appliqu\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e ont \u00e9t\u00e9 les suivants : <span class=\"_ _126\"> </span>T<span class=\"_ _0\"></span>aux de change moy<span class=\"_ _1\"></span>en <span class=\"_ _19e\"> </span>T<span class=\"_ _0\"></span>aux spot de fin d'ann\u00e9e <span class=\"_ _1f3\"> </span>2022 <span class=\"_ _4\"> </span>2021 <span class=\"_ _20\"> </span>2022 2021 USD <span class=\"_ _266\"> </span>1,0530 <span class=\"_ _65\"> </span>1,182<span class=\"_ _1\"></span>7 <span class=\"_ _63\"> </span>1,0666 <span class=\"_ _3f\"> </span>1,<span class=\"_ _1\"></span>1326 GBP <span class=\"_ _22e\"> </span>0<span class=\"_ _1\"></span>,8528 <span class=\"_ _27\"> </span>0,8596 <span class=\"_ _1a3\"> </span>0,8869 <span class=\"_ _93\"> </span>0,8403 RO\u039d <span class=\"_ _267\"> </span>4,9313 <span class=\"_ _4e\"> </span>4,9208 <span class=\"_ _18f\"> </span>4,947<span class=\"_ _0\"></span>4 <span class=\"_ _1ad\"> </span>4,9481Un renf<span class=\"_ _1\"></span>orcement (aff<span class=\"_ _1\"></span>aiblissement) raisonnablement possible de l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o, du dollar am\u00e9ricain, de la livre s<span class=\"_ _1\"></span>terling ou<span class=\"_ _8\"></span> du leu roumain par r<span class=\"_ _1\"></span>apport aux autres de<span class=\"_ _1\"></span>vises au 31 d\u00e9cembre aur<span class=\"_ _1\"></span>ait affect\u00e9 l\u2019\u00e9valua<span class=\"_ _1\"></span>tion des instruments financiers<span class=\"_ _8\"></span> libell\u00e9s en une devise \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re et affect\u00e9 les capitaux pr<span class=\"_ _1\"></span>opres et le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat pour les montants pr\u00e9sent\u00e9s dans le tableau ci-dessous. Cett<span class=\"_ _1\"></span>e analyse part de l\u2019hypoth\u00e8se que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es. Elle fait \u00e9galement abstraction de l\u2019impact des v<span class=\"_ _1\"></span>entes et achats pr\u00e9vus.  <span class=\"_ _177\"> </span>Compt<span class=\"_ _1\"></span>e de r\u00e9sultat <span class=\"_ _1a8\"> </span>Capitaux propr<span class=\"_ _1\"></span>es, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _203\"> </span>Renforc<span class=\"_ _1\"></span>ement <span class=\"_ _6a\"> </span>Affaiblissement <span class=\"_ _a9\"> </span>Renf<span class=\"_ _1\"></span>orcement <span class=\"_ _2d\"> </span>Affaiblissement <span class=\"_ _268\"></span>2022 <span class=\"_ _269\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1d3\"> </span>6.250 <span class=\"_ _25f\"> </span>(7<span class=\"_ _1\"></span>.639) <span class=\"_ _3d\"> </span>17<span class=\"_ _1\"></span>.221 <span class=\"_ _10e\"> </span>(21.048) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.220 <span class=\"_ _89\"> </span>(1.491) <span class=\"_ _5b\"> </span>1.220 <span class=\"_ _1e\"> </span>(1.491) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _be\"> </span>551 <span class=\"_ _f7\"> </span>(6<span class=\"_ _1\"></span>73) <span class=\"_ _188\"> </span>551 <span class=\"_ _3d\"> </span>(67<span class=\"_ _1\"></span>3) <span class=\"_ _268\"></span>2021 <span class=\"_ _26a\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.230 <span class=\"_ _1b3\"> </span>(1.504) <span class=\"_ _5d\"> </span>4.566 <span class=\"_ _1cb\"> </span>(5.580) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _192\"> </span>1.186 <span class=\"_ _25f\"> </span>(1.450) <span class=\"_ _63\"> </span>1.186 <span class=\"_ _1ad\"> </span>(1.450) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _bb\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _fe\"> </span>29 <span class=\"_ _5c\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _1cf\"> </span>29(b) Ris<span class=\"_ _1\"></span>que de taux d'int\u00e9r\u00eat :<span class=\"_ _8\"></span> Exposition au risque de taux d'int\u00e9r\u00eat L<span class=\"_ _1\"></span>\u2019ann\u00e9e 2022 a mar<span class=\"_ _1\"></span>qu\u00e9 la fin d\u2019une p\u00e9riode prolong\u00e9e de faible taux d\u2019int\u00e9r\u00eat, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ay<span class=\"_ _1\"></span>ant envir<span class=\"_ _1\"></span>on 19 % de leurs obligations de dettes \u00e0 taux fix<span class=\"_ _1\"></span>e. Ceci a \u00e9t\u00e9 r\u00e9alis\u00e9 en concluant des instruments \u00e0 taux fix<span class=\"_ _1\"></span>e ou en couvrant leurs emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable par des contrats de s<span class=\"_ _1\"></span>wap de taux d\u2019int\u00e9r\u00eat. Le pr<span class=\"_ _1\"></span>ofil de taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat relatif aux ins<span class=\"_ _1\"></span>truments financiers portant int\u00e9r\u00eat d\u00e9tenus par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings se pr\u00e9sente<span class=\"_ _8\"></span> comme suit : <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _232\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e <span class=\"_ _17d\"> </span>  Passifs financiers <span class=\"_ _26b\"> </span>37<span class=\"_ _0\"></span>.601 <span class=\"_ _c0\"> </span>40.57<span class=\"_ _0\"></span>4 Instruments \u00e0 taux variable <span class=\"_ _16f\"> </span>  <span class=\"_ _167\"> </span>  Passifs financiers <span class=\"_ _26c\"> </span>567<span class=\"_ _0\"></span>.765 <span class=\"_ _143\"> </span>353.362 Swaps de taux d'int\u00e9r\u00eat (v<span class=\"_ _1\"></span>aleur nominale) <span class=\"_ _244\"> </span>(80<span class=\"_ _1\"></span>.000) <span class=\"_ _c8\"> </span>- Exposition nette \u00e0 des instruments \u00e0 taux v<span class=\"_ _1\"></span>ariable <span class=\"_ _185\"> </span>487<span class=\"_ _0\"></span>.765 <span class=\"_ _10a\"> </span>353.362Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Le Gr<span class=\"_ _1\"></span>oupe ne comptabilise aucun actif ou passif financier \u00e0 taux fix<span class=\"_ _1\"></span>e \u00e0 sa juste valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Par cons\u00e9quent, une v<span class=\"_ _1\"></span>ariation des taux d\u2019int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e n\u2019aur<span class=\"_ _1\"></span>ait pas d\u2019incidence sur le r\u00e9sultat ou les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Analyse de sensibilit\u00e9 des flux de tr\u00e9s<span class=\"_ _1\"></span>orerie pour les instruments \u00e0 taux variable Une variation pos<span class=\"_ _1\"></span>sible raisonnable de 0,25 % des taux d\u2019int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture aur<span class=\"_ _1\"></span>ait augment\u00e9 / (diminu\u00e9) les capitaux propr<span class=\"_ _1\"></span>es et le r\u00e9sultat \u00e0 concurr<span class=\"_ _1\"></span>ence du montant indiqu\u00e9 ci-dessous. L'analyse suppose que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux de change, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span>  <span class=\"_ _222\"> </span>R\u00e9sultat et Capitaux pr<span class=\"_ _1\"></span>opres, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _26d\"> </span>augmentation de 0,25 % <span class=\"_ _6e\"> </span>diminution de 0,25 % 2022 <span class=\"_ _26e\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _17d\"> </span>(721) <span class=\"_ _26f\"> </span>721 2021 <span class=\"_ _270\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _152\"> </span>(1.<span class=\"_ _1\"></span>140) <span class=\"_ _1c6\"> </span>1.140Comme d\u00e9crit \u00e0 la note 23, suit<span class=\"_ _1\"></span>e \u00e0 la hausse des taux d'int\u00e9r\u00eat observ\u00e9es au cours du pr<span class=\"_ _1\"></span>emier semestre 2022, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont commenc\u00e9, au deuxi\u00e8me trimestre 20<span class=\"_ _1\"></span>22, \u00e0 utiliser des swaps de taux d'int\u00e9r\u00eat pour compenser les co\u00fbts financiers futurs pot<span class=\"_ _1\"></span>entiellement plus \u00e9lev\u00e9s des emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable. Ces d\u00e9riv\u00e9s ne sont pas d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e, donc leur \u00e9valuation est incluse dans l'analy<span class=\"_ _1\"></span>se ci-dessus. (c<span class=\"_ _1\"></span>) Actifs et pas<span class=\"_ _1\"></span>sifs d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme couvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> Le tableau ci-dessous indique les p\u00e9riodes pendant lesquelles les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie associ\u00e9s aux couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie sont susc<span class=\"_ _1\"></span>eptibles d\u2019av<span class=\"_ _1\"></span>oir lieu :  2022 <span class=\"_ _271\"> </span>Flux de tr\u00e9sorerie att<span class=\"_ _1\"></span>endus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _244\"> </span>12.024 <span class=\"_ _f7\"> </span>2.595 <span class=\"_ _af\"> </span>5.805 <span class=\"_ _86\"> </span>3.624 <span class=\"_ _9f\"> </span><span class=\"ff18\">12.02<span class=\"_ _1\"></span>4</span> Passifs <span class=\"_ _273\"> </span>(9.80<span class=\"_ _1\"></span>7) <span class=\"_ _1b3\"> </span>(5.338) <span class=\"_ _89\"> </span>(4.4<span class=\"_ _1\"></span>70) <span class=\"_ _1cc\"> </span>- <span class=\"_ _7e\"> </span><span class=\"ff18\">(9.80<span class=\"_ _1\"></span>7)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _18a\"> </span>  <span class=\"_ _5d\"> </span> <span class=\"_ _109\"> </span>  Actifs <span class=\"_ _263\"> </span>46<span class=\"_ _1\"></span>3 <span class=\"_ _1a3\"> </span>(787) <span class=\"_ _5c\"> </span>1.250 <span class=\"_ _1cc\"> </span>- <span class=\"_ _113\"> </span><span class=\"ff18 ls55 ws67\">463</span> Passifs <span class=\"_ _274\"> </span>(956) <span class=\"_ _3d\"> </span>(944) <span class=\"_ _fa\"> </span>(13) <span class=\"_ _1cc\"> </span>- <span class=\"_ _67\"> </span><span class=\"ff18\">(956)</span> <span class=\"_ _275\"> </span>1.723 <span class=\"_ _6c\"> </span>(4.47<span class=\"_ _1\"></span>4) <span class=\"_ _80\"> </span>2.5<span class=\"_ _1\"></span>73 3.624 <span class=\"_ _3b\"> </span>1.723 2021 <span class=\"_ _202\"> </span>Flux de tr\u00e9sorerie attendus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _263\"> </span>536 <span class=\"_ _a1\"> </span>536 <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _56\"> </span><span class=\"ff18 ls92 ws61\">536</span> Passifs <span class=\"_ _10f\"> </span>(1.<span class=\"_ _1\"></span>141) <span class=\"_ _3d\"> </span>(1.14<span class=\"_ _1\"></span>1) <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1f\"> </span><span class=\"ff18\">(1.14<span class=\"_ _1\"></span>1)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _66\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _c3\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff18\">-</span> Passifs <span class=\"_ _18b\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1cc\"> </span>(1.213) <span class=\"_ _1d3\"> </span>14 <span class=\"_ _1cc\"> </span>- <span class=\"_ _68\"> </span><span class=\"ff18\">(1.199)</span> <span class=\"_ _274\"> </span>(1.804) <span class=\"_ _6e\"> </span>(1.818) <span class=\"_ _27\"> </span>14 <span class=\"_ _68\"> </span>- (1.804)Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit des informations sur les \u00e9l\u00e9ments d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sorerie au c<span class=\"_ _1\"></span>ours de l\u2019e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et sur le rappr<span class=\"_ _1\"></span>ochement des montants inclus dans la r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e.  <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _185\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _84\"> </span>     V<span class=\"_ _1\"></span>aleur nominale        V<span class=\"_ _1\"></span>aleur comptable Actifs <span class=\"_ _7e\"> </span>PassifPost<span class=\"_ _1\"></span>e dans l'\u00e9tat de la situation financi\u00e8re o\u00f9 l'instrument de couv<span class=\"_ _1\"></span>erture est inclus     Solde au 1er janvier 2022 V<span class=\"_ _1\"></span>ariations de la valeur de l'instrument de couvertur<span class=\"_ _1\"></span>e reconnu dans les AERG Montantreclass\u00e9de la r\u00e9serve de couv<span class=\"_ _1\"></span>erture en r\u00e9sultat  Effet de change Solde31d\u00e9cembre2022 <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts de change  <span class=\"_ _16b\"> </span> \u00e0 terme <span class=\"_ _277\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 113.<span class=\"_ _1\"></span>141 <span class=\"_ _f\"> </span>12.024 <span class=\"_ _a9\"> </span>(9.80<span class=\"_ _1\"></span>7) D\u00e9riv\u00e9s -  Actifs et (passifs<span class=\"_ _1\"></span>) (605) <span class=\"_ _10e\"> </span>756 <span class=\"_ _1f\"> </span>1.602 <span class=\"_ _9b\"> </span>463 <span class=\"_ _8d\"> </span><span class=\"ff18\">2.216</span> <span class=\"_ _276\"> </span> <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _4e\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 81.339 <span class=\"_ _7e\"> </span>463 <span class=\"_ _7d\"> </span>(956) D\u00e9riv\u00e9s -  A<span class=\"_ _1\"></span>ctifs et(passifs<span class=\"_ _1\"></span>) (1.<span class=\"_ _1\"></span>199) <span class=\"_ _a4\"> </span>1.199 <span class=\"_ _68\"> </span>(493) <span class=\"_ _27\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18 ls55 ws67\">(493)</span> <span class=\"_ _1fb\"> </span>194.480 <span class=\"_ _8\"></span>12.487 (10.7<span class=\"_ _1\"></span>64) <span class=\"_ _213\"> </span> <span class=\"_ _2c\"> </span>(1.804) <span class=\"_ _35\"> </span>1.955 <span class=\"_ _a6\"> </span>1.<span class=\"_ _1\"></span>109 <span class=\"_ _35\"> </span>463 <span class=\"_ _6c\"> </span>1.723(d) Ris<span class=\"_ _1\"></span>que de prix des mati\u00e8res premi\u00e8res Les mar<span class=\"_ _1\"></span>ch\u00e9s des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res ont connu et de<span class=\"_ _1\"></span>vraient continuer \u00e0 c<span class=\"_ _1\"></span>onna\u00eetre des fluctuations de prix. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es \u00e0 l'acier<span class=\"_ _1\"></span>, \u00e0 l'aluminium, au cuivr<span class=\"_ _1\"></span>e et au plomb. Elles utilisent donc, dans la mesure du pos<span class=\"_ _1\"></span>sible, des contra<span class=\"_ _1\"></span>ts \u00e0 terme pour minimiser l'exposition \u00e0 la v<span class=\"_ _1\"></span>olatilit\u00e9 des prix des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res. Les filiales du segment C\u00e2bles ont r<span class=\"_ _1\"></span>ecours \u00e0 l'appariement des achats et des vent<span class=\"_ _1\"></span>es, ou \u00e0 des instruments d\u00e9riv\u00e9s (c<span class=\"_ _1\"></span>ontrats \u00e0 t<span class=\"_ _1\"></span>erme) afin de minimiser l'effet des fluctuations du prix des m\u00e9taux sur leurs r\u00e9sultats. Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le solde net des instruments d\u00e9riv\u00e9s par mati\u00e8r<span class=\"_ _1\"></span>e premi\u00e8r<span class=\"_ _1\"></span>e \u00e9tait de :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Aluminium - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _278\"> </span>(395) <span class=\"_ _12a\"> </span>37<span class=\"_ _1\"></span>3 Cuivre - position longue / (<span class=\"_ _1\"></span>courte<span class=\"_ _1\"></span>) <span class=\"_ _279\"> </span>(59) <span class=\"_ _c0\"> </span>(1.548) Plomb - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _d1\"> </span>(39) <span class=\"_ _198\"> </span>(25) T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>(493) <span class=\"_ _be\"> </span>(1.<span class=\"_ _1\"></span>199)Ces couv<span class=\"_ _1\"></span>ertures sont d\u00e9sign\u00e9es c<span class=\"_ _1\"></span>omme comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> C.4. Risque li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>environnement macro-\u00e9c<span class=\"_ _1\"></span>onomique et financier<span class=\"_ _8\"></span> Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings suivent de pr\u00e8s et de f<span class=\"_ _1\"></span>a\u00e7on continue l\u2019\u00e9volution de l\u2019<span class=\"_ _1\"></span>envir<span class=\"_ _1\"></span>onnement international et national et adaptent en t<span class=\"_ _1\"></span>emps opportun leur strat\u00e9gie d\u2019<span class=\"_ _1\"></span>affaires et leurs politiques de gestion des risques afin de minimiser l\u2019impact des conditions macr<span class=\"_ _1\"></span>o\u00e9conomiques sur leurs op\u00e9rations. Impact du conflit en Ukr<span class=\"_ _1\"></span>aine<span class=\"_ _8\"></span> Le conflit en Ukr<span class=\"_ _1\"></span>aine a commenc\u00e9 en f\u00e9vrier 2022 et a pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>oqu\u00e9 une volatilit\u00e9 sur les mar<span class=\"_ _1\"></span>ch\u00e9s en augmentant la<span class=\"_ _8\"></span> probabilit\u00e9 de perturbations dans de nombr<span class=\"_ _1\"></span>euses parties de l\u2019\u00e9conomie mondiale.  Bien que son impact sur les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ne puisse \u00eatre enti\u00e8r<span class=\"_ _1\"></span>ement pr\u00e9dit \u00e0 l\u2019heure actuelle, l\u2019<span class=\"_ _1\"></span>exposition globale \u00e0 l\u2019Ukr<span class=\"_ _1\"></span>aine et \u00e0 la Russie est tr\u00e8s limit\u00e9e et les c<span class=\"_ _1\"></span>ons\u00e9quences commer<span class=\"_ _1\"></span>ciales n\u2019ont pas \u00e9t\u00e9 mat\u00e9rielles jusqu\u2019\u00e0 pr\u00e9sent, tandis que la m\u00eame chose est att<span class=\"_ _1\"></span>endue dans un avenir pr\u00e9visible<span class=\"_ _1\"></span>. Les vent<span class=\"_ _1\"></span>es sur ces march\u00e9s r<span class=\"_ _1\"></span>epr\u00e9sentent une part insignifiante du chiffre d\u2019<span class=\"_ _1\"></span>affaires t<span class=\"_ _1\"></span>otal (en<span class=\"_ _1\"></span>viron 0,5 % pour 20<span class=\"_ _1\"></span>22) et toute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus sera enti\u00e8r<span class=\"_ _1\"></span>ement compens\u00e9e par la<span class=\"_ _8\"></span> demande sur d\u2019autr<span class=\"_ _1\"></span>es march\u00e9s. T<span class=\"_ _3c\"></span>outes les re<span class=\"_ _1\"></span>venus pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant de ces march\u00e9s c<span class=\"_ _1\"></span>oncernent des contra<span class=\"_ _1\"></span>ts sign\u00e9s avant 2022, \u00e9tant donn\u00e9 qu\u2019aucun ac<span class=\"_ _1\"></span>cord de v<span class=\"_ _1\"></span>ente n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9 sign\u00e9 avec des clients situ\u00e9s dans c<span class=\"_ _1\"></span>es pays au c<span class=\"_ _1\"></span>ours de l\u2019ann\u00e9e 2022. En outre<span class=\"_ _1\"></span>, les entreprises de Cener<span class=\"_ _1\"></span>gy Holdings ont d\u00e9j\u00e0 pris des mesures pour d\u00e9placer l'appr<span class=\"_ _1\"></span>ovisionnement en mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant pr\u00e9c\u00e9demment de Russie v<span class=\"_ _1\"></span>ers d'autres march\u00e9s et pour at<span class=\"_ _1\"></span>t\u00e9nuer toute perturbation potentielle de leur cha\u00eene d'appr<span class=\"_ _1\"></span>ovisionnement. En ce qui c<span class=\"_ _1\"></span>oncerne le financement, les entr<span class=\"_ _1\"></span>eprises ne sont pas<span class=\"_ _8\"></span> expos\u00e9es aux banques rus<span class=\"_ _1\"></span>ses.<span class=\"_ _8\"></span> Enfin, sur le front de l'\u00e9ner<span class=\"_ _1\"></span>gie, le conflit en Ukr<span class=\"_ _1\"></span>aine a acc\u00e9l\u00e9r\u00e9 l'inflation des prix et les entreprises ont d\u00e9j\u00e0 pris des mesures d'at<span class=\"_ _1\"></span>t\u00e9nuation pour r\u00e9duire tout impact c<span class=\"_ _1\"></span>ommercial li\u00e9 au co\u00fbt de l'\u00e9ner<span class=\"_ _1\"></span>gie. Elles suivent la situa<span class=\"_ _1\"></span>tion de pr\u00e8s<span class=\"_ _8\"></span> et modifieront leur appr<span class=\"_ _1\"></span>oche si n\u00e9cessair<span class=\"_ _1\"></span>e pour garantir l'efficacit\u00e9 op\u00e9r<span class=\"_ _1\"></span>ationnelle.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C.5 Risques li\u00e9s au changement climatiqueLes filiales de Cener<span class=\"_ _1\"></span>gy Holdings reconnais<span class=\"_ _1\"></span>sent l\u2019importance de la transpar<span class=\"_ _1\"></span>ence conc<span class=\"_ _1\"></span>ernant les risques et les<span class=\"_ _8\"></span> opportunit\u00e9s li\u00e9s au climat pour maintenir la c<span class=\"_ _1\"></span>onfiance des parties prenant<span class=\"_ _1\"></span>es et permettre aux inv<span class=\"_ _1\"></span>estisseurs de mieux compr<span class=\"_ _1\"></span>endre la tr<span class=\"_ _1\"></span>ansition de l\u2019impact potentiel et les risques et opportunit\u00e9s physiques \u00e9manant du changement climatique. \u00c0 cet<span class=\"_ _1\"></span>te fin, Cenergy Holdings s\u2019<span class=\"_ _1\"></span>est engag\u00e9e \u00e0 \u00e9v<span class=\"_ _1\"></span>aluer la gra<span class=\"_ _1\"></span>vit\u00e9 potentielle des risques et les av<span class=\"_ _1\"></span>antages possibles des opportunit\u00e9s dans le but de prendr<span class=\"_ _1\"></span>e toutes les mesur<span class=\"_ _1\"></span>es n\u00e9cessair<span class=\"_ _1\"></span>es pour att\u00e9nuer<span class=\"_ _8\"></span> les impacts n\u00e9gatifs et maximiser les impacts positifs, et d\u2019adopt<span class=\"_ _1\"></span>er le cadre de la T<span class=\"_ _0\"></span>ask F<span class=\"_ _1\"></span>orce on Climat<span class=\"_ _1\"></span>e-related Financial Disclosures (T<span class=\"_ _1\"></span>CFD<span class=\"_ _1\"></span>) pour communiquer de mani\u00e8r<span class=\"_ _1\"></span>e transparent<span class=\"_ _1\"></span>e tous les risques et opportunit\u00e9s li\u00e9s au climat. Pour ce f<span class=\"_ _1\"></span>aire, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont r\u00e9alis\u00e9 une \u00e9valuation des risques et opportunit\u00e9s li\u00e9s au climat qui a port\u00e9 sur l\u2019<span class=\"_ _1\"></span>ensemble des actifs industriels et immobiliers. Les r\u00e9sultats d\u00e9taill\u00e9s de c<span class=\"_ _1\"></span>ette \u00e9valuation sont pr\u00e9sent\u00e9s au niveau des segments dans les inf<span class=\"_ _1\"></span>ormations non financi\u00e8res qui acc<span class=\"_ _1\"></span>ompagnent le rapport annuel.Le passage \u00e0 une \u00e9c<span class=\"_ _1\"></span>onomie \u00e0 faibles \u00e9missions de carbone n\u00e9cessit<span class=\"_ _1\"></span>e la prise en compte et la mise en \u0153uvr<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> certaines mesur<span class=\"_ _1\"></span>es. L\u2019<span class=\"_ _1\"></span>analyse a permis d\u2019identifier<span class=\"_ _1\"></span>, pour chaque segment d\u2019<span class=\"_ _1\"></span>activit\u00e9, les risques de transition et les risques phy<span class=\"_ _1\"></span>siques li\u00e9s au climat les plus importants, ainsi que les opportunit\u00e9s \u00e0 court, moy<span class=\"_ _1\"></span>en et long terme. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> risques de transition \u00e9v<span class=\"_ _1\"></span>alu\u00e9s sont li\u00e9s \u00e0 l\u2019\u00e9volution des politiques, des lois, des t<span class=\"_ _1\"></span>echnologies et des march\u00e9s en vue d\u2019att\u00e9nuer le changement clima<span class=\"_ _1\"></span>tique et de s\u2019y adapter<span class=\"_ _1\"></span>. Les mesur<span class=\"_ _1\"></span>es politiques relativ<span class=\"_ _1\"></span>es au changement climatique<span class=\"_ _8\"></span> continuent d\u2019\u00e9v<span class=\"_ _1\"></span>oluer<span class=\"_ _1\"></span>, les am\u00e9liora<span class=\"_ _1\"></span>tions technologiques ou les innov<span class=\"_ _1\"></span>ations qui soutiennent la transition v<span class=\"_ _1\"></span>ers un<span class=\"_ _8\"></span> sy<span class=\"_ _1\"></span>st\u00e8me \u00e9conomique \u00e0 faible \u00e9mission de carbone et \u00e0 haut r<span class=\"_ _1\"></span>endement \u00e9nerg\u00e9tique peuv<span class=\"_ _1\"></span>ent av<span class=\"_ _1\"></span>oir un impact<span class=\"_ _8\"></span> significatif sur les organisa<span class=\"_ _1\"></span>tions, tandis que les changements significatifs sur le march\u00e9, tels que la diminution de la demande de biens ou de services sp\u00e9cifiques ou la baisse des r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus li\u00e9e aux changements de comportement des clients, sont quelques ex<span class=\"_ _1\"></span>emples des implications qui peuv<span class=\"_ _1\"></span>ent avoir un impact sur le mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique et la<span class=\"_ _8\"></span> planification financi\u00e8re des filiales de C<span class=\"_ _1\"></span>energy Holdings. D\u2019autr<span class=\"_ _1\"></span>e part, les \u00e9v\u00e9nements m\u00e9t\u00e9orologiques e<span class=\"_ _1\"></span>xtr\u00eames<span class=\"_ _8\"></span> et les changements \u00e0 plus long terme dans les mod\u00e8les climatiques, t<span class=\"_ _1\"></span>els que la disponibilit\u00e9 limit\u00e9e de l\u2019eau et la chaleur extr\u00eame ou l\u2019\u00e9l\u00e9v<span class=\"_ _1\"></span>ation du niveau de la mer<span class=\"_ _0\"></span>, peuvent a<span class=\"_ _1\"></span>voir des impacts multiples et des implications financi\u00e8res pos<span class=\"_ _1\"></span>sibles pour le groupe Cener<span class=\"_ _1\"></span>gy Holdings.Les risques et opportunit\u00e9s susmentionn\u00e9s ont \u00e9t\u00e9 identifi\u00e9s et class\u00e9s sur une \u00e9chelle de f<span class=\"_ _1\"></span>aible, moy<span class=\"_ _1\"></span>en et \u00e9lev\u00e9, sur la base des impacts r\u00e9els et potentiels sur le mod\u00e8le \u00e9conomique<span class=\"_ _1\"></span>, les actifs et les op\u00e9rations des filiales de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings, ainsi que des impacts financiers sur la performance de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise. Les impacts financiers ont \u00e9t\u00e9 pris en compte dans les es<span class=\"_ _1\"></span>timations comptables dans la mesure o\u00f9 ils peuv<span class=\"_ _1\"></span>ent \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 ce jour<span class=\"_ _1\"></span>. En outr<span class=\"_ _1\"></span>e, les d\u00e9fis associ\u00e9s aux engagements li\u00e9s au climat ont \u00e9t\u00e9 pris en compt<span class=\"_ _1\"></span>e, et les entreprises de V<span class=\"_ _1\"></span>iohalco n\u2019<span class=\"_ _1\"></span>ont pas identifi\u00e9 de<span class=\"_ _8\"></span> probl\u00e8mes suppl\u00e9mentair<span class=\"_ _1\"></span>es susceptibles d\u2019a<span class=\"_ _1\"></span>voir un eff<span class=\"_ _1\"></span>et important sur leurs \u00e9tats financiers.31. Liste des filiales Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings et les pourcentages de participa<span class=\"_ _1\"></span>tion d\u00e9tenus \u00e0 la fin de la p\u00e9riode concern\u00e9e sont comme suit :  <span class=\"_ _206\"> </span> Filiales <span class=\"_ _27a\"> </span>Pay<span class=\"_ _1\"></span>s de  constitution P<span class=\"_ _1\"></span>articipations 2022 direct<span class=\"_ _1\"></span>es et indirectes  Participations 2021<span class=\"_ _8\"></span> directes et indirect<span class=\"_ _1\"></span>es<span class=\"_ _7\"></span>  CORINTH PIPEW<span class=\"_ _1\"></span>ORKS S.A. <span class=\"_ _128\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % CPW AMERICA CO <span class=\"_ _146\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TS-UNIS <span class=\"_ _27c\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,00 % HUMBEL L<span class=\"_ _0\"></span>TD <span class=\"_ _1de\"> </span>CHYPRE <span class=\"_ _195\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % V<span class=\"_ _0\"></span>ARSOVIE TUBULAIRE TRADING SP<span class=\"_ _0\"></span>. ZOO<span class=\"_ _1\"></span>. <span class=\"_ _b3\"> </span>POLOGNE <span class=\"_ _120\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % FUL<span class=\"_ _1\"></span>GOR S.A. <span class=\"_ _11e\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100<span class=\"_ _1\"></span>,00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % ICME ECAB S.A. <span class=\"_ _10b\"> </span>ROUMANIE <span class=\"_ _1fd\"> </span>99,98 % <span class=\"_ _143\"> </span>99,98 % LESCO OOD <span class=\"_ _1f8\"> </span>BULGARIE <span class=\"_ _1df\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % LESCO ROMANIA S.A. <span class=\"_ _130\"> </span>ROUMANIE <span class=\"_ _27d\"> </span>65,00 % <span class=\"_ _d0\"> </span>65,00 % DE LAIRE L<span class=\"_ _0\"></span>TD <span class=\"_ _27e\"> </span>CHYPRE <span class=\"_ _195\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,00 % HELLENIC CABLES S.A.  HELLENIC CABLE INDUSTR<span class=\"_ _1\"></span>Y S.A. <span class=\"_ _1f7\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,<span class=\"_ _1\"></span>00 % HELLENIC CABLES TRADING CO <span class=\"_ _a1\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>S-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % HELLENIC CABLES AMERICAS C<span class=\"_ _1\"></span>O <span class=\"_ _18f\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>S-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES  HOLDINGS LL<span class=\"_ _1\"></span>C <span class=\"_ _264\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TS-UNIS <span class=\"_ _146\"> </span>100,00 % <span class=\"_ _242\"> </span>- SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES LL<span class=\"_ _1\"></span>C <span class=\"_ _5e\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TS-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _242\"> </span>- CPW SOLAR S.A. <span class=\"_ _245\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _242\"> </span>- CPW WIND S.A. <span class=\"_ _10b\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100<span class=\"_ _1\"></span>,00 % <span class=\"_ _242\"> </span>-Pour tout<span class=\"_ _1\"></span>es les entit\u00e9s ci-dessus, Cenergy Holdings S.A. e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce son contr\u00f4le dir<span class=\"_ _1\"></span>ectement et/<span class=\"_ _1\"></span>ou indir<span class=\"_ _1\"></span>ectement. Le 6 janvier 20<span class=\"_ _1\"></span>22, la filiale C-Energy Americas Co<span class=\"_ _1\"></span>. a \u00e9t\u00e9 renomm\u00e9e Hellenic Cables Americas Co<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En 2022, les filiales suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 \u00e9tablies :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables Americas C<span class=\"_ _1\"></span>o. a \u00e9tabli deux nouvelles filiales aux \u00c9ta<span class=\"_ _1\"></span>ts-Unis, SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES HOLDINGS LL<span class=\"_ _1\"></span>C et SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES LL<span class=\"_ _1\"></span>C., pour sout<span class=\"_ _1\"></span>enir la construction d'une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks S.A. a cr\u00e9\u00e9 deux nouv<span class=\"_ _1\"></span>elles filiales en Gr\u00e8ce, CP<span class=\"_ _1\"></span>W SOLAR S.A. et CPW WIND S.A, pour<span class=\"_ _8\"></span> soutenir les futurs plans d'in<span class=\"_ _1\"></span>vestissement, sans qu'une d\u00e9cision finale soit enc<span class=\"_ _1\"></span>ore en place<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 32. Entreprises c<span class=\"_ _1\"></span>ommunes<span class=\"_ _8\"></span> Hellenic Cables d\u00e9tient une participation de 62,48 % dans une entr<span class=\"_ _1\"></span>eprise commune nomm\u00e9e V<span class=\"_ _1\"></span>O Cablel V<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>.F<span class=\"_ _1\"></span>., \u00e9tablie en tant que soci\u00e9t\u00e9 de personnes av<span class=\"_ _1\"></span>ec V<span class=\"_ _1\"></span>an Ord. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>objet de cett<span class=\"_ _1\"></span>e entreprise commune est de f<span class=\"_ _1\"></span>ournir et<span class=\"_ _8\"></span> d'installer des c\u00e2bles sous-marins et terr<span class=\"_ _1\"></span>estres pour le pr<span class=\"_ _1\"></span>ojet Hollandse Kust (South) Alpha et le pr<span class=\"_ _1\"></span>ojet Hollandse<span class=\"_ _8\"></span> Kust (South) Beta. L<span class=\"_ _1\"></span>e principal lieu d\u2019op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019<span class=\"_ _1\"></span>entreprise commune es<span class=\"_ _1\"></span>t aux Pays-Bas. Hellenic Cables d\u00e9tient une participation de 50,<span class=\"_ _1\"></span>77 % dans un partenariat appel\u00e9 DEME Offshor<span class=\"_ _1\"></span>e NL - Hellenic Cables<span class=\"_ _8\"></span> V<span class=\"_ _0\"></span>.O<span class=\"_ _1\"></span>.F<span class=\"_ _0\"></span>., qui a \u00e9t\u00e9 \u00e9tabli en partenariat av<span class=\"_ _1\"></span>ec Tide<span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Elle a pour objet la mise en \u0153uvre d\u2019un c<span class=\"_ _1\"></span>ontrat cl\u00e9s en main portant sur la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de c\u00e2bles sous-marins permettant le rac<span class=\"_ _1\"></span>cordement du par<span class=\"_ _1\"></span>c \u00e9olien offshore de Seamade au r\u00e9seau belge. Le principal lieu d\u2019<span class=\"_ _1\"></span>op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019activit\u00e9 conjointe es<span class=\"_ _1\"></span>t en Belgique.<span class=\"_ _8\"></span> Fulgor d\u00e9tient une participation de 10,<span class=\"_ _1\"></span>00 % dans un partenariat appel\u00e9 Fulgor \u2013 JDN Consortium, qui a \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Jan De Nul. Le champ d'application de c<span class=\"_ _1\"></span>ette entreprise c<span class=\"_ _1\"></span>ommune est de signer un contr<span class=\"_ _1\"></span>at cl\u00e9 en<span class=\"_ _8\"></span> main pour l'installation de c\u00e2bles sous-marins pour l'inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te-P\u00e9loponn\u00e8se en Gr\u00e8ce. L<span class=\"_ _1\"></span>e principal lieu<span class=\"_ _8\"></span> d'activit\u00e9 de cett<span class=\"_ _1\"></span>e op\u00e9ration commune es<span class=\"_ _1\"></span>t en Gr\u00e8ce. Fulgor d\u00e9tient une participation de 70<span class=\"_ _1\"></span>,27 % dans un partenariat appel\u00e9 F<span class=\"_ _1\"></span>ulgor \u2013 Asso.subsea Lt<span class=\"_ _1\"></span>d Consortium, qui a<span class=\"_ _8\"></span> \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Asso<span class=\"_ _1\"></span>.subsea Ltd. Le champ d\u2019<span class=\"_ _1\"></span>application de cett<span class=\"_ _1\"></span>e entreprise commune est d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cuter un contr<span class=\"_ _1\"></span>at cl\u00e9 en main pour la conception, la f<span class=\"_ _1\"></span>abrication, la fourniture et l\u2019installa<span class=\"_ _1\"></span>tion du r\u00e9seau de c\u00e2bles sous-marins de 150 kV reliant le par<span class=\"_ _1\"></span>c \u00e9olien Kafireas II de 330 MW en c<span class=\"_ _1\"></span>onstruction au r\u00e9seau continental de la Gr\u00e8ce<span class=\"_ _1\"></span>. Le<span class=\"_ _8\"></span> principal lieu d'activit\u00e9 de cett<span class=\"_ _1\"></span>e entreprise commune est en Gr\u00e8c<span class=\"_ _1\"></span>e. Les entr<span class=\"_ _1\"></span>eprises communes susmentionn\u00e9es ont \u00e9t\u00e9 form\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Les acc<span class=\"_ _1\"></span>ords r<span class=\"_ _1\"></span>elatifs au consortium V<span class=\"_ _1\"></span>O Cabdel VOF<span class=\"_ _0\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>O.F<span class=\"_ _0\"></span>., Fulgor \u2013 JDN et Fulgor \u2013 Asso<span class=\"_ _1\"></span>.subsea Ltd e<span class=\"_ _1\"></span>xigent le consentement unanime de tout<span class=\"_ _1\"></span>es les parties pour toutes les activit\u00e9s pertinentes. Les deux part<span class=\"_ _1\"></span>enaires disposent de dr<span class=\"_ _1\"></span>oits directs sur les actifs du partenariat et sont solidair<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> responsables de ses engagements. C<span class=\"_ _1\"></span>es entit\u00e9s sont donc class\u00e9es en tant qu'entreprises communes et le Gr<span class=\"_ _1\"></span>oupe rec<span class=\"_ _1\"></span>onna\u00eet son droit dir<span class=\"_ _1\"></span>ect sur les actifs, passifs, produits et char<span class=\"_ _1\"></span>ges d\u00e9tenus conjointement, t<span class=\"_ _1\"></span>el que d\u00e9crit \u00e0 la note 5.<span class=\"_ _1\"></span>1(g). 33. Engagements A. Engagements d'achat Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont conclu des contr<span class=\"_ _1\"></span>ats selon leurs plans d'inv<span class=\"_ _1\"></span>estissement, qui devr<span class=\"_ _1\"></span>aient \u00eatre conclus au cours de la pr<span class=\"_ _1\"></span>ochaine ann\u00e9e.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _126\"> </span>24.<span class=\"_ _1\"></span>060 <span class=\"_ _180\"> </span>6.851B. Garanties   <span class=\"_ _1f0\"> </span>Au 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Garanties pour les engagements env<span class=\"_ _1\"></span>ers les fournisseurs <span class=\"_ _27f\"> </span>12.932 <span class=\"_ _128\"> </span>3.414 Garanties pour assur<span class=\"_ _1\"></span>er la bonne ex\u00e9cution des contr<span class=\"_ _1\"></span>ats av<span class=\"_ _1\"></span>ec des clients <span class=\"_ _e6\"> </span>502.038 <span class=\"_ _cd\"> </span>231.506 Garanties pour les sub<span class=\"_ _1\"></span>ventions <span class=\"_ _280\"> </span>4.356 <span class=\"_ _c6\"> </span>9.57334. Passifs \u00e9v<span class=\"_ _1\"></span>entuels A. Litiges et ex<span class=\"_ _1\"></span>amens administratifs En ce qui conc<span class=\"_ _1\"></span>erne les exportations de tubes soud\u00e9s de gr<span class=\"_ _1\"></span>and diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) de Corinth Pipew<span class=\"_ _1\"></span>orks vers les \u00c9tats-Unis pour les p\u00e9riodes avril 20<span class=\"_ _1\"></span>20 - avril 2021 et avril 20<span class=\"_ _1\"></span>21 - avril 2022, des e<span class=\"_ _1\"></span>xamens administra<span class=\"_ _1\"></span>tifs<span class=\"_ _8\"></span> suppl\u00e9mentaires du D\u00e9part<span class=\"_ _1\"></span>ement du commerc<span class=\"_ _1\"></span>e des \u00c9tats-Unis (DOC) sont attendus. Aucune pr<span class=\"_ _1\"></span>ovision n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9<span class=\"_ _8\"></span> enregis<span class=\"_ _1\"></span>tr\u00e9e au titre de ces e<span class=\"_ _1\"></span>xamens administr<span class=\"_ _1\"></span>atifs en raison des faits suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d'avril 2020 \u00e0 avril 20<span class=\"_ _1\"></span>21, aucune vente aux \u00c9tats-Unis n'a \u00e9t\u00e9 soumise \u00e0 des dr<span class=\"_ _1\"></span>oits antidumping; aucun droit suppl\u00e9mentair<span class=\"_ _1\"></span>e n'est donc pr\u00e9vu pour cett<span class=\"_ _1\"></span>e p\u00e9riode.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d\u2019avril 2021 \u00e0 a<span class=\"_ _1\"></span>vril 2022, les vent<span class=\"_ _1\"></span>es aux Etats-Unis soumises \u00e0 des droits antidumping n'\u00e9taient pas significativ<span class=\"_ _1\"></span>es. L'issue d'un tel ex<span class=\"_ _1\"></span>amen administratif es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme tr\u00e8s v<span class=\"_ _1\"></span>olatile et difficile \u00e0<span class=\"_ _8\"></span> pr\u00e9voir<span class=\"_ _0\"></span>, et le montant de tout passif qui en d\u00e9coule ne peut \u00eatr<span class=\"_ _1\"></span>e raisonnablement estim\u00e9. B. Passif d'imp\u00f4t \u00e9v<span class=\"_ _1\"></span>entuel<span class=\"_ _8\"></span> Les d\u00e9clar<span class=\"_ _1\"></span>ations d\u2019imp\u00f4ts des filiales font r\u00e9guli\u00e8rement l'objet de c<span class=\"_ _1\"></span>ontr\u00f4les fiscaux dans la plupart des juridictions<span class=\"_ _8\"></span> o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s ex<span class=\"_ _1\"></span>ercent leurs activit\u00e9s. Ces c<span class=\"_ _1\"></span>ontr\u00f4les pourraient entr<span class=\"_ _1\"></span>a\u00eener des imp\u00f4ts<span class=\"_ _8\"></span> suppl\u00e9mentaires. C<span class=\"_ _1\"></span>energy Holdings pr\u00e9v<span class=\"_ _1\"></span>oit un imp\u00f4t suppl\u00e9mentaire par rapport au r\u00e9sultat de c<span class=\"_ _1\"></span>es contr\u00f4les fiscaux pour le montant pr\u00e9vu \u00e0 r\u00e9gler (ou \u00e0 r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er).<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings estime que ses pro<span class=\"_ _1\"></span>visions pour passifs d\u2019imp\u00f4ts sont ad\u00e9quates pour tout<span class=\"_ _1\"></span>es les ann\u00e9es<span class=\"_ _8\"></span> d\u2019imposition ouvert<span class=\"_ _1\"></span>es sur base de son \u00e9valuation des f<span class=\"_ _1\"></span>acteurs sous-jacents, notamment des interpr\u00e9tations du dr<span class=\"_ _1\"></span>oit<span class=\"_ _8\"></span> fiscal et de leur exp\u00e9rienc<span class=\"_ _1\"></span>e ant\u00e9rieure. 35. Parties li\u00e9es A. T<span class=\"_ _1\"></span>ransactions a<span class=\"_ _1\"></span>vec des parties li\u00e9es Les tr<span class=\"_ _1\"></span>ansactions suivantes ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>onclues avec V<span class=\"_ _1\"></span>iohalco et ses filiales, des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e et d'autres parties li\u00e9es :  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 V<span class=\"_ _1\"></span>entes de biens <span class=\"_ _281\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _13b\"> </span>181.785 <span class=\"_ _db\"> </span>166.<span class=\"_ _1\"></span>161 Autres parties li\u00e9es <span class=\"_ _282\"> </span>77<span class=\"_ _1\"></span>.944 <span class=\"_ _e9\"> </span>85.238  <span class=\"_ _283\"> </span>259.7<span class=\"_ _1\"></span>29 <span class=\"_ _cd\"> </span>251.399 V<span class=\"_ _1\"></span>entes de services <span class=\"_ _284\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _232\"> </span>275 <span class=\"_ _12a\"> </span>272 Autres parties li\u00e9es <span class=\"_ _26c\"> </span>2.07<span class=\"_ _1\"></span>3 <span class=\"_ _d7\"> </span>2.003 <span class=\"_ _285\"> </span>2.348 2.27<span class=\"_ _1\"></span>4 V<span class=\"_ _1\"></span>entes d'immobilisations c<span class=\"_ _1\"></span>orporelles Autres parties li\u00e9es <span class=\"_ _14f\"> </span>2 <span class=\"_ _c8\"> </span>-  <span class=\"_ _286\"> </span>2 <span class=\"_ _c8\"> </span>- Achats de biens  <span class=\"_ _287\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _271\"> </span>89 <span class=\"_ _1c8\"> </span>8 Autres parties li\u00e9es <span class=\"_ _100\"> </span>23.156 <span class=\"_ _13d\"> </span>20.7<span class=\"_ _1\"></span>44  <span class=\"_ _288\"> </span>23.244 <span class=\"_ _13d\"> </span>20.7<span class=\"_ _1\"></span>52 Achats de servic<span class=\"_ _1\"></span>es Viohalco <span class=\"_ _252\"> </span>158 <span class=\"_ _81\"> </span>86 Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _289\"> </span>8.417 <span class=\"_ _186\"> </span>6.779 Autres parties li\u00e9es <span class=\"_ _17e\"> </span>18.962 <span class=\"_ _101\"> </span>14.528  <span class=\"_ _28a\"> </span>27<span class=\"_ _0\"></span>.538 <span class=\"_ _db\"> </span>21.394 Achats d'immobilisations c<span class=\"_ _1\"></span>orporelles <span class=\"_ _177\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _16a\"> </span>3 <span class=\"_ _242\"> </span>-  Autres parties li\u00e9es <span class=\"_ _26c\"> </span>4.525 <span class=\"_ _13f\"> </span>4.414  <span class=\"_ _28b\"> </span>4.528 <span class=\"_ _186\"> </span>4.414Les autr<span class=\"_ _1\"></span>es parties li\u00e9es sont des filiales, des entreprises associ\u00e9es et des coentr<span class=\"_ _1\"></span>eprises du Groupe V<span class=\"_ _1\"></span>iohalco. Les soldes de cl\u00f4tur<span class=\"_ _1\"></span>e qui d\u00e9coulent des achats/<span class=\"_ _1\"></span>vent<span class=\"_ _1\"></span>es de biens, de services, d\u2019immobilis\u00e9s, etc. se pr\u00e9sentent comme suit :  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Cr\u00e9ances non cour<span class=\"_ _1\"></span>antes de parties li\u00e9es <span class=\"_ _1c7\"> </span>  Autres parties li\u00e9es <span class=\"_ _1ee\"> </span>3<span class=\"_ _1\"></span>95 <span class=\"_ _e2\"> </span>208  <span class=\"_ _28c\"> </span>395 <span class=\"_ _137\"> </span>208 Cr\u00e9ances cour<span class=\"_ _1\"></span>antes de parties li\u00e9es Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _28d\"> </span>9.463 <span class=\"_ _b7\"> </span>14.335 Autres parties li\u00e9es <span class=\"_ _17e\"> </span>14.826 <span class=\"_ _180\"> </span>17<span class=\"_ _0\"></span>.110  <span class=\"_ _28e\"> </span>24.290 <span class=\"_ _be\"> </span>31.445 Dettes \u00e0 court t<span class=\"_ _1\"></span>erme envers des parties li\u00e9es Soci\u00e9t\u00e9 m\u00e8re <span class=\"_ _1e8\"> </span>156 <span class=\"_ _117\"> </span>168 Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _28f\"> </span>2.304 <span class=\"_ _13f\"> </span>1.020 Autres parties li\u00e9es <span class=\"_ _254\"> </span>9.<span class=\"_ _1\"></span>118 <span class=\"_ _145\"> </span>11.337  <span class=\"_ _270\"> </span>11.5<span class=\"_ _1\"></span>78 <span class=\"_ _bd\"> </span>12.525Les soldes dus par les parties li\u00e9es ne sont pas gar<span class=\"_ _1\"></span>antis et le r\u00e8glement de ces soldes cour<span class=\"_ _1\"></span>ants devrait \u00eatr<span class=\"_ _1\"></span>e effectu\u00e9 en esp\u00e8ces au cours de l'ann\u00e9e suiv<span class=\"_ _1\"></span>ante, puisque les soldes ne c<span class=\"_ _1\"></span>oncernent que les cr\u00e9ances \u00e0 court t<span class=\"_ _1\"></span>erme et les<span class=\"_ _8\"></span> cr\u00e9diteurs, \u00e0 l'e<span class=\"_ _1\"></span>xception des soldes clas<span class=\"_ _1\"></span>s\u00e9s comme cr\u00e9ances non cour<span class=\"_ _1\"></span>antes des parties li\u00e9es, qui conc<span class=\"_ _1\"></span>ernent les<span class=\"_ _8\"></span> garanties \u00e0 long t<span class=\"_ _1\"></span>erme accor<span class=\"_ _1\"></span>d\u00e9es aux parties li\u00e9es fournissant des services \u00e9ner<span class=\"_ _1\"></span>g\u00e9tiques aux filiales du Groupe. B. R\u00e9mun\u00e9ration des principaux dirigeants Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit un aper\u00e7u des transactions av<span class=\"_ _1\"></span>ec les membres du Conseil d\u2019<span class=\"_ _1\"></span>administration et la direction e<span class=\"_ _1\"></span>x\u00e9cutive :  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9ration des membr<span class=\"_ _1\"></span>es du Conseil d\u2019administr<span class=\"_ _1\"></span>ation et de la direction <span class=\"_ _170\"> </span>1.285 <span class=\"_ _c6\"> </span>1.060La r\u00e9mun\u00e9ration des membr<span class=\"_ _1\"></span>es du Conseil d\u2019adminis<span class=\"_ _1\"></span>tration et de la dir<span class=\"_ _1\"></span>ection indiqu\u00e9e dans le tableau ci-dessus est fix<span class=\"_ _1\"></span>e. Aucune r\u00e9mun\u00e9ration v<span class=\"_ _1\"></span>ariable, aucun av<span class=\"_ _1\"></span>antage post\u00e9rieur \u00e0 l'emploi ni aucun av<span class=\"_ _1\"></span>antage sous forme d'actions n'ont \u00e9t\u00e9 vers\u00e9s. 36.<span class=\"_\"> </span>Honorair<span class=\"_ _1\"></span>es du commissair<span class=\"_ _1\"></span>eLe commis<span class=\"_ _1\"></span>saire de la Soci\u00e9t\u00e9 (PwC Reviseurs d\u2019Entr<span class=\"_ _1\"></span>eprises SRL) et un certain nombr<span class=\"_ _1\"></span>e d\u2019autres cabinets membr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> du r\u00e9seau du commissair<span class=\"_ _1\"></span>e ont re\u00e7u des honor<span class=\"_ _1\"></span>aires pour les services suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embreMontants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _232\"> </span>2022 <span class=\"_ _b6\"> </span>2021 PwC R\u00e9viseurs d\u2019Entreprises SRL  Missions d\u2019at<span class=\"_ _1\"></span>testations <span class=\"_ _285\"> </span>112 <span class=\"_ _133\"> </span>105 Services r<span class=\"_ _1\"></span>elatifs \u00e0 l\u2019audit <span class=\"_ _290\"> </span>16 <span class=\"_ _f8\"> </span>22128<span class=\"_\"> </span>126 R\u00e9seau PwC Missions d\u2019at<span class=\"_ _1\"></span>testations <span class=\"_ _291\"> </span>304 <span class=\"_ _df\"> </span>284 Missions de conseils fiscaux <span class=\"_ _292\"> </span>93 <span class=\"_ _121\"> </span>136 Autres mis<span class=\"_ _1\"></span>sions <span class=\"_ _293\"> </span>- <span class=\"_ _1c8\"> </span>4397<span class=\"ls6 ws1\"> <span class=\"_ _137\"> </span><span class=\"ls94 ws5c\">4<span class=\"_ _8\"></span>24</span></span> <span class=\"wscc\">T<span class=\"_ _0\"></span>otal<span class=\"_\"> </span>525<span class=\"ws1\"> <span class=\"_ _121\"> </span>551</span></span>37<span class=\"_ _3c\"></span>.<span class=\"_\"> </span>\u00c9v\u00e9nements post\u00e9rieurs \u00e0 la cl\u00f4tureLe 8 mars 2023, le c<span class=\"_ _1\"></span>onseil d\u2019administr<span class=\"_ _1\"></span>ation de Cenergy Holdings a d\u00e9cid\u00e9 de pr<span class=\"_ _1\"></span>oposer \u00e0 l\u2019assembl\u00e9e g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale<span class=\"_ _8\"></span> ordinair<span class=\"_ _1\"></span>e des actionnaires qui se tiendr<span class=\"_ _1\"></span>a le 30 mai 2023, l\u2019appr<span class=\"_ _1\"></span>obation d\u2019un dividende brut de 0,05 eur<span class=\"_ _1\"></span>o par action. Aucun autr<span class=\"_ _1\"></span>e \u00e9v\u00e9nement post\u00e9rieur \u00e0 la cl\u00f4ture pour lequel une information ser<span class=\"_ _1\"></span>ait requise dans les \u00e9tats financiers consolid\u00e9s n'a eu lieu depuis le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-2-2": {
   "value": "Cener<span class=\"_ _1\"></span>gy HoldingsLes \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de la Soci\u00e9t\u00e9<span class=\"_ _8\"></span> compr<span class=\"_ _1\"></span>ennent ceux de la Soci\u00e9t\u00e9 et de ses filiales (d\u00e9sign\u00e9es c<span class=\"_ _1\"></span>ollectivement comme \u00ab le Gr<span class=\"_ _1\"></span>oupe \u00bb), et les participations<span class=\"_ _8\"></span> de Cener<span class=\"_ _1\"></span>gy Holdings dans des entreprises associ\u00e9es, comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence. Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. 3. Monnaie fonctionnelle et de pr\u00e9sentation La monnaie fonctionnelle et de pr\u00e9sentation de la Soci\u00e9t\u00e9 et du Gr<span class=\"_ _1\"></span>oupe est l'euro<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ous les montants indiqu\u00e9s dans les \u00e9tats financiers consolid\u00e9s sont arr<span class=\"_ _1\"></span>ondis au millier le plus proche, sauf indication c<span class=\"_ _1\"></span>ontrair<span class=\"_ _1\"></span>e. En raison des r\u00e8gles d'arrondis, les chiffr<span class=\"_ _1\"></span>es indiqu\u00e9s en tant que totaux dans certains tableaux peuv<span class=\"_ _1\"></span>ent ne pas corr<span class=\"_ _1\"></span>espondre \u00e0 l'addition arithm\u00e9tique des chiffres qui les pr\u00e9c\u00e8dent. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22704": {
   "value": "Cenergy Holdings",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22707": {
   "value": "S.A. ",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22713": {
   "value": "Belgique ",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22714": {
   "value": "Belgique ",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22715": {
   "value": "Belgique ",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22725": {
   "value": "avenue Marnix 30, 1000 Bruxelles",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-13-2": {
   "value": "Cenergy Holdings est une soci\u00e9t\u00e9 holding qui d\u00e9tient des participations dans 16 soci\u00e9t\u00e9s. Disposant de sites de production en Gr\u00e8ce, en Bulgarie et en Roumanie, les filiales de Cenergy Holdings sont sp\u00e9cialis\u00e9es dans la fabrication de tubes d\u2019acier et de c\u00e2bles. Des informations sur la structure du Groupe sont fournies \u00e0 la note 31. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-2": {
   "value": "Cener<span class=\"_ _1\"></span>gy Holdings est une filiale de Viohalco S.A.(7<span class=\"_ _1\"></span>9,78 % des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e). Viohalc<span class=\"_ _1\"></span>o S.A. (ci-apr\u00e8s d\u00e9nomm\u00e9e \u00ab<span class=\"_ _1\"></span>Viohalco\u00bb) es<span class=\"_ _1\"></span>t une soci\u00e9t\u00e9 holding belge dont les filiales sont sp\u00e9cialis\u00e9es dans la fabrication de produits d'aluminium, de cuivre<span class=\"_ _1\"></span>, de c\u00e2bles, d'acier et de tubes d\u2019acier<span class=\"_ _1\"></span>, et qui s'engage \u00e0 d\u00e9v<span class=\"_ _1\"></span>elopper durablement des produits et solutions de qualit\u00e9, inno<span class=\"_ _1\"></span>vants et \u00e0 v<span class=\"_ _1\"></span>aleur ajout\u00e9e pour une client\u00e8le mondiale dynamique. 35. Parties li\u00e9es A. T<span class=\"_ _1\"></span>ransactions a<span class=\"_ _1\"></span>vec des parties li\u00e9es Les tr<span class=\"_ _1\"></span>ansactions suivantes ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>onclues avec V<span class=\"_ _1\"></span>iohalco et ses filiales, des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e et d'autres parties li\u00e9es :  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 V<span class=\"_ _1\"></span>entes de biens <span class=\"_ _281\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _13b\"> </span>181.785 <span class=\"_ _db\"> </span>166.<span class=\"_ _1\"></span>161 Autres parties li\u00e9es <span class=\"_ _282\"> </span>77<span class=\"_ _1\"></span>.944 <span class=\"_ _e9\"> </span>85.238  <span class=\"_ _283\"> </span>259.7<span class=\"_ _1\"></span>29 <span class=\"_ _cd\"> </span>251.399 V<span class=\"_ _1\"></span>entes de services <span class=\"_ _284\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _232\"> </span>275 <span class=\"_ _12a\"> </span>272 Autres parties li\u00e9es <span class=\"_ _26c\"> </span>2.07<span class=\"_ _1\"></span>3 <span class=\"_ _d7\"> </span>2.003 <span class=\"_ _285\"> </span>2.348 2.27<span class=\"_ _1\"></span>4 V<span class=\"_ _1\"></span>entes d'immobilisations c<span class=\"_ _1\"></span>orporelles Autres parties li\u00e9es <span class=\"_ _14f\"> </span>2 <span class=\"_ _c8\"> </span>-  <span class=\"_ _286\"> </span>2 <span class=\"_ _c8\"> </span>- Achats de biens  <span class=\"_ _287\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _271\"> </span>89 <span class=\"_ _1c8\"> </span>8 Autres parties li\u00e9es <span class=\"_ _100\"> </span>23.156 <span class=\"_ _13d\"> </span>20.7<span class=\"_ _1\"></span>44  <span class=\"_ _288\"> </span>23.244 <span class=\"_ _13d\"> </span>20.7<span class=\"_ _1\"></span>52 Achats de servic<span class=\"_ _1\"></span>es Viohalco <span class=\"_ _252\"> </span>158 <span class=\"_ _81\"> </span>86 Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _289\"> </span>8.417 <span class=\"_ _186\"> </span>6.779 Autres parties li\u00e9es <span class=\"_ _17e\"> </span>18.962 <span class=\"_ _101\"> </span>14.528  <span class=\"_ _28a\"> </span>27<span class=\"_ _0\"></span>.538 <span class=\"_ _db\"> </span>21.394 Achats d'immobilisations c<span class=\"_ _1\"></span>orporelles <span class=\"_ _177\"> </span>  Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _16a\"> </span>3 <span class=\"_ _242\"> </span>-  Autres parties li\u00e9es <span class=\"_ _26c\"> </span>4.525 <span class=\"_ _13f\"> </span>4.414  <span class=\"_ _28b\"> </span>4.528 <span class=\"_ _186\"> </span>4.414Les autr<span class=\"_ _1\"></span>es parties li\u00e9es sont des filiales, des entreprises associ\u00e9es et des coentr<span class=\"_ _1\"></span>eprises du Groupe V<span class=\"_ _1\"></span>iohalco. Les soldes de cl\u00f4tur<span class=\"_ _1\"></span>e qui d\u00e9coulent des achats/<span class=\"_ _1\"></span>vent<span class=\"_ _1\"></span>es de biens, de services, d\u2019immobilis\u00e9s, etc. se pr\u00e9sentent comme suit :  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Cr\u00e9ances non cour<span class=\"_ _1\"></span>antes de parties li\u00e9es <span class=\"_ _1c7\"> </span>  Autres parties li\u00e9es <span class=\"_ _1ee\"> </span>3<span class=\"_ _1\"></span>95 <span class=\"_ _e2\"> </span>208  <span class=\"_ _28c\"> </span>395 <span class=\"_ _137\"> </span>208 Cr\u00e9ances cour<span class=\"_ _1\"></span>antes de parties li\u00e9es Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _28d\"> </span>9.463 <span class=\"_ _b7\"> </span>14.335 Autres parties li\u00e9es <span class=\"_ _17e\"> </span>14.826 <span class=\"_ _180\"> </span>17<span class=\"_ _0\"></span>.110  <span class=\"_ _28e\"> </span>24.290 <span class=\"_ _be\"> </span>31.445 Dettes \u00e0 court t<span class=\"_ _1\"></span>erme envers des parties li\u00e9es Soci\u00e9t\u00e9 m\u00e8re <span class=\"_ _1e8\"> </span>156 <span class=\"_ _117\"> </span>168 Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _28f\"> </span>2.304 <span class=\"_ _13f\"> </span>1.020 Autres parties li\u00e9es <span class=\"_ _254\"> </span>9.<span class=\"_ _1\"></span>118 <span class=\"_ _145\"> </span>11.337  <span class=\"_ _270\"> </span>11.5<span class=\"_ _1\"></span>78 <span class=\"_ _bd\"> </span>12.525Les soldes dus par les parties li\u00e9es ne sont pas gar<span class=\"_ _1\"></span>antis et le r\u00e8glement de ces soldes cour<span class=\"_ _1\"></span>ants devrait \u00eatr<span class=\"_ _1\"></span>e effectu\u00e9 en esp\u00e8ces au cours de l'ann\u00e9e suiv<span class=\"_ _1\"></span>ante, puisque les soldes ne c<span class=\"_ _1\"></span>oncernent que les cr\u00e9ances \u00e0 court t<span class=\"_ _1\"></span>erme et les<span class=\"_ _8\"></span> cr\u00e9diteurs, \u00e0 l'e<span class=\"_ _1\"></span>xception des soldes clas<span class=\"_ _1\"></span>s\u00e9s comme cr\u00e9ances non cour<span class=\"_ _1\"></span>antes des parties li\u00e9es, qui conc<span class=\"_ _1\"></span>ernent les<span class=\"_ _8\"></span> garanties \u00e0 long t<span class=\"_ _1\"></span>erme accor<span class=\"_ _1\"></span>d\u00e9es aux parties li\u00e9es fournissant des services \u00e9ner<span class=\"_ _1\"></span>g\u00e9tiques aux filiales du Groupe. B. R\u00e9mun\u00e9ration des principaux dirigeants Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit un aper\u00e7u des transactions av<span class=\"_ _1\"></span>ec les membres du Conseil d\u2019<span class=\"_ _1\"></span>administration et la direction e<span class=\"_ _1\"></span>x\u00e9cutive :  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9ration des membr<span class=\"_ _1\"></span>es du Conseil d\u2019administr<span class=\"_ _1\"></span>ation et de la direction <span class=\"_ _170\"> </span>1.285 <span class=\"_ _c6\"> </span>1.060La r\u00e9mun\u00e9ration des membr<span class=\"_ _1\"></span>es du Conseil d\u2019adminis<span class=\"_ _1\"></span>tration et de la dir<span class=\"_ _1\"></span>ection indiqu\u00e9e dans le tableau ci-dessus est fix<span class=\"_ _1\"></span>e. Aucune r\u00e9mun\u00e9ration v<span class=\"_ _1\"></span>ariable, aucun av<span class=\"_ _1\"></span>antage post\u00e9rieur \u00e0 l'emploi ni aucun av<span class=\"_ _1\"></span>antage sous forme d'actions n'ont \u00e9t\u00e9 vers\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22782": {
   "value": "Viohalco S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f22783": {
   "value": "Viohalco S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-2": {
   "value": "2. Base de pr\u00e9para<span class=\"_ _1\"></span>tion<span class=\"_ _8\"></span> D\u00e9claration de c<span class=\"_ _1\"></span>onformit\u00e9 Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. Des d\u00e9tails concernant les principales m\u00e9thodes c<span class=\"_ _1\"></span>omptables de la Soci\u00e9t\u00e9 sont inclus dans la note 5. Base de pr\u00e9paration Les \u00e9tats financiers consolid\u00e9s ont \u00e9t\u00e9 pr\u00e9par\u00e9s en v<span class=\"_ _1\"></span>ertu du principe du co\u00fbt hist<span class=\"_ _1\"></span>orique, \u00e0 l'ex<span class=\"_ _1\"></span>ception des \u00e9l\u00e9ments d'actif et de passif suiv<span class=\"_ _1\"></span>ants qui sont \u00e9valu\u00e9s selon une autre m\u00e9thode \u00e0 chaque da<span class=\"_ _1\"></span>te de cl\u00f4ture : \u2022 <span class=\"_ _20\"> </span>Ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s d\u00e9tenus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture (juste valeur); \u2022 <span class=\"_ _20\"> </span>A<span class=\"_ _1\"></span>ctifs financiers \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global (<span class=\"_ _8\"></span>juste v<span class=\"_ _1\"></span>aleur);<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>assif net au titre de pr<span class=\"_ _1\"></span>estations d\u00e9finies (valeur actualis\u00e9e de l'obligation). Le Gr<span class=\"_ _1\"></span>oupe a pr\u00e9par\u00e9 les \u00e9tats financiers consolid\u00e9s en se fondant sur le fait qu'il c<span class=\"_ _1\"></span>ontinuera de fonctionner c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> une entit\u00e9 en exploita<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-3": {
   "value": "2. Base de pr\u00e9para<span class=\"_ _1\"></span>tion<span class=\"_ _8\"></span> D\u00e9claration de c<span class=\"_ _1\"></span>onformit\u00e9 Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. Des d\u00e9tails concernant les principales m\u00e9thodes c<span class=\"_ _1\"></span>omptables de la Soci\u00e9t\u00e9 sont inclus dans la note 5. Base de pr\u00e9paration Les \u00e9tats financiers consolid\u00e9s ont \u00e9t\u00e9 pr\u00e9par\u00e9s en v<span class=\"_ _1\"></span>ertu du principe du co\u00fbt hist<span class=\"_ _1\"></span>orique, \u00e0 l'ex<span class=\"_ _1\"></span>ception des \u00e9l\u00e9ments d'actif et de passif suiv<span class=\"_ _1\"></span>ants qui sont \u00e9valu\u00e9s selon une autre m\u00e9thode \u00e0 chaque da<span class=\"_ _1\"></span>te de cl\u00f4ture : \u2022 <span class=\"_ _20\"> </span>Ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s d\u00e9tenus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture (juste valeur); \u2022 <span class=\"_ _20\"> </span>A<span class=\"_ _1\"></span>ctifs financiers \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global (<span class=\"_ _8\"></span>juste v<span class=\"_ _1\"></span>aleur);<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>assif net au titre de pr<span class=\"_ _1\"></span>estations d\u00e9finies (valeur actualis\u00e9e de l'obligation). Le Gr<span class=\"_ _1\"></span>oupe a pr\u00e9par\u00e9 les \u00e9tats financiers consolid\u00e9s en se fondant sur le fait qu'il c<span class=\"_ _1\"></span>ontinuera de fonctionner c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> une entit\u00e9 en exploita<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> 3. Monnaie fonctionnelle et de pr\u00e9sentation La monnaie fonctionnelle et de pr\u00e9sentation de la Soci\u00e9t\u00e9 et du Gr<span class=\"_ _1\"></span>oupe est l'euro<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ous les montants indiqu\u00e9s dans les \u00e9tats financiers consolid\u00e9s sont arr<span class=\"_ _1\"></span>ondis au millier le plus proche, sauf indication c<span class=\"_ _1\"></span>ontrair<span class=\"_ _1\"></span>e. En raison des r\u00e8gles d'arrondis, les chiffr<span class=\"_ _1\"></span>es indiqu\u00e9s en tant que totaux dans certains tableaux peuv<span class=\"_ _1\"></span>ent ne pas corr<span class=\"_ _1\"></span>espondre \u00e0 l'addition arithm\u00e9tique des chiffres qui les pr\u00e9c\u00e8dent. 4. Recours \u00e0 des es<span class=\"_ _1\"></span>timations et jugements<span class=\"_ _8\"></span> La pr\u00e9paration des \u00e9ta<span class=\"_ _1\"></span>ts financiers selon les normes IFRS exige que la Direction e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce des jugements, r\u00e9alise des estimations et \u00e9tablisse des h<span class=\"_ _1\"></span>ypoth\u00e8ses qui ont des incidences sur l\u2018application des m\u00e9thodes comptables de Cener<span class=\"_ _1\"></span>gy Holdings et sur les montants comptabilis\u00e9s des actifs, passifs, produits et char<span class=\"_ _1\"></span>ges. Les valeurs r\u00e9elles peuvent diff\u00e9r<span class=\"_ _1\"></span>er de ces estimations. Les estimations et jugements de la Dir<span class=\"_ _1\"></span>ection sont r\u00e9ex<span class=\"_ _1\"></span>amin\u00e9s de fa\u00e7on p\u00e9riodique. La r\u00e9vision des estimations est appliq<span class=\"ws1\">u\u00e9e de fa\u00e7on pr<span class=\"_ _1\"></span>ospective. </span>Les informations r<span class=\"_ _1\"></span>elatives aux jugements, h<span class=\"_ _1\"></span>ypoth\u00e8ses et incertitudes d'estimation qui pr\u00e9sent<span class=\"_ _1\"></span>ent un risque<span class=\"_ _8\"></span> significatif d'entra\u00eener un ajus<span class=\"_ _1\"></span>tement important des valeurs c<span class=\"_ _1\"></span>omptables des actifs et passifs au cours du prochain ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont incluses dans les notes suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 7<span class=\"_ _1\"></span>.F \u2013 Comptabilisation du chiffr<span class=\"_ _1\"></span>e d\u2019aff<span class=\"_ _1\"></span>aires ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 11.C.a \u2013 \u00c9v<span class=\"_ _1\"></span>aluation des obligations au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies : principales hypoth\u00e8ses actuarielles ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 13.C \u2013 C<span class=\"_ _1\"></span>omptabilisation d\u2019actifs d\u2019imp\u00f4t diff\u00e9r\u00e9, disponibilit\u00e9 de b\u00e9n\u00e9fices imposables futurs pouv<span class=\"_ _1\"></span>ant \u00eatre utilis\u00e9s pour le report de pert<span class=\"_ _1\"></span>es fiscales ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 15.B \u2013 Recouvr<span class=\"_ _1\"></span>abilit\u00e9 des cr\u00e9ances en souffranc<span class=\"_ _1\"></span>e d\u2019un ancien client au Moy<span class=\"_ _1\"></span>en-Orient ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 17<span class=\"_ _1\"></span>.D \u2013 Pert<span class=\"_ _1\"></span>e de valeur sur immobilis\u00e9s corpor<span class=\"_ _1\"></span>elles ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 19.D \u2013 T<span class=\"_ _0\"></span>est de d\u00e9pr\u00e9ciation : hypoth\u00e8ses cl\u00e9s sous-jac<span class=\"_ _1\"></span>entes aux montants rec<span class=\"_ _1\"></span>ouvrables ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 20.B \u2013 Ev<span class=\"_ _1\"></span>aluation de la juste v<span class=\"_ _1\"></span>aleur des biens immobiliers de placements ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 30.<span class=\"_ _1\"></span>C1 \u2013 Evaluation des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues sur cr\u00e9ances clients et actifs sur c<span class=\"_ _1\"></span>ontrats : h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> cl\u00e9s pour d\u00e9terminer les taux de perte pr\u00e9vus. 5. Principales m\u00e9thodes comptables Les principes comptables d\u00e9crits ci-des<span class=\"_ _1\"></span>sous ont \u00e9t\u00e9 appliqu\u00e9s de fa\u00e7on uniforme \u00e0 tous les e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cices pr\u00e9sent\u00e9s dans les pr\u00e9sents \u00e9tats financiers consolid\u00e9s et ont \u00e9galement \u00e9t\u00e9 appliqu\u00e9s de f<span class=\"_ _1\"></span>a\u00e7on uniforme par Cenergy Holdings et ses filiales et ses entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>1 Base de la consolidation (a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. (b) T<span class=\"_ _0\"></span>ransactions sous contr\u00f4le commun Un regr<span class=\"_ _1\"></span>oupement d\u2019<span class=\"_ _1\"></span>entreprises dans lequel tout<span class=\"_ _1\"></span>es les entit\u00e9s regroup\u00e9es ou activit\u00e9s sont c<span class=\"_ _1\"></span>ontr\u00f4l\u00e9es in fine par la<span class=\"_ _8\"></span> m\u00eame partie ou les m\u00eames parties tant av<span class=\"_ _1\"></span>ant qu\u2019apr\u00e8s le r<span class=\"_ _1\"></span>egroupement, et ce contr\u00f4le n\u2019<span class=\"_ _1\"></span>est pas t<span class=\"_ _1\"></span>emporair<span class=\"_ _1\"></span>e, est une transaction sous c<span class=\"_ _1\"></span>ontr\u00f4le commun. Le gr<span class=\"_ _1\"></span>oupe a choisi de comptabiliser les transactions sous contr\u00f4le c<span class=\"_ _1\"></span>ommun \u00e0<span class=\"_ _8\"></span> la valeur c<span class=\"_ _1\"></span>omptable. Les actifs nets identifiables acquis ne sont pas \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 la juste valeur<span class=\"_ _0\"></span>, ils sont comptabilis\u00e9s \u00e0 leur valeur c<span class=\"_ _1\"></span>omptable ; les immobilisations incorporelles et les pas<span class=\"_ _1\"></span>sifs \u00e9ventuels sont comptabilis\u00e9s uniquement dans la mesure o\u00f9 ils ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s avant le r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprises conform\u00e9ment aux normes IFRS applicables. T<span class=\"_ _0\"></span>oute diff\u00e9r<span class=\"_ _1\"></span>ence entre la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e et le capital de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise acquise est pr\u00e9sent\u00e9e dans les r\u00e9sultats report\u00e9s des capitaux pr<span class=\"_ _1\"></span>opres. L<span class=\"_ _1\"></span>es co\u00fbts de transaction sont cons<span class=\"_ _1\"></span>tat\u00e9s en charge lorsqu\u2019ils sont engag\u00e9s. (c<span class=\"_ _1\"></span>) Filiales<span class=\"_ _8\"></span> Les filiales sont des entit\u00e9s contr\u00f4l\u00e9es par C<span class=\"_ _1\"></span>energy Holdings. Cener<span class=\"_ _1\"></span>gy Holdings contr\u00f4le une entit\u00e9 lorsqu'elle est associ\u00e9e \u00e0, ou a des dr<span class=\"_ _1\"></span>oits sur<span class=\"_ _1\"></span>, des rendements v<span class=\"_ _1\"></span>ariables en raison de ses liens av<span class=\"_ _1\"></span>ec l'entit\u00e9 et qu'elle a la capacit\u00e9 d'influer sur ces r<span class=\"_ _1\"></span>endements en vertu du pouv<span class=\"_ _1\"></span>oir qu'elle ex<span class=\"_ _1\"></span>erce sur c<span class=\"_ _1\"></span>elle-ci. Les \u00e9tats financiers des filiales sont inclus<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s \u00e0 c<span class=\"_ _1\"></span>ompter de la date du d\u00e9but du contr\u00f4le jusqu'\u00e0 la da<span class=\"_ _1\"></span>te de la fin du contr\u00f4le. (d) P<span class=\"_ _1\"></span>articipations ne donnant pas le contr\u00f4le Les participations ne donnant pas le contr\u00f4le sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es \u00e0 leur juste v<span class=\"_ _1\"></span>aleur ou \u00e0 leur quote-part des actifs nets identifiables de la soci\u00e9t\u00e9 acquise \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition. Cette \u00e9v<span class=\"_ _1\"></span>aluation est effectu\u00e9e s\u00e9par\u00e9ment pour chacune des acquisitions. Les modifications de la participation de Cener<span class=\"_ _1\"></span>gy Holdings dans une filiale qui n'entra\u00eenent pas une pert<span class=\"_ _1\"></span>e de contr\u00f4le sont comptabilis\u00e9es comme des tr<span class=\"_ _1\"></span>ansactions portant sur les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) Perte de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> Lorsque Cener<span class=\"_ _1\"></span>gy Holdings perd le contr\u00f4le d'une filiale<span class=\"_ _1\"></span>, les actifs et les passifs de la filiale sont d\u00e9consolid\u00e9s, ainsi que toute participa<span class=\"_ _1\"></span>tion ne donnant pas le contr\u00f4le et les autres c<span class=\"_ _1\"></span>omposantes des capitaux propr<span class=\"_ _1\"></span>es. T<span class=\"_ _0\"></span>out profit ou perte qui en r\u00e9sulte es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat net. T<span class=\"_ _0\"></span>out int\u00e9r\u00eat conserv\u00e9 dans l'ancienne filiale es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 \u00e0 sa juste valeur \u00e0 la dat<span class=\"_ _1\"></span>e de la perte du contr\u00f4le. (f) Entreprises associ\u00e9es Les entr<span class=\"_ _1\"></span>eprises associ\u00e9es sont des entit\u00e9s sur lesquelles Cenergy Holdings a une influenc<span class=\"_ _1\"></span>e notable en mati\u00e8re de gestion financi\u00e8r<span class=\"_ _1\"></span>e et op\u00e9rationnelle sans e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer de contr\u00f4le ni de contr\u00f4le c<span class=\"_ _1\"></span>onjoint. C'est g\u00e9n\u00e9ralement le cas lorsque Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient entre 20 % et 50 % des droits de v<span class=\"_ _1\"></span>ote. L<span class=\"_ _1\"></span>es participations dans des entreprises associ\u00e9es sont comptabilis\u00e9es selon la m\u00e9thode de mise en \u00e9quiv<span class=\"_ _1\"></span>alence (v<span class=\"_ _1\"></span>oir [h] ci-dessous), apr\u00e8s av<span class=\"_ _1\"></span>oir \u00e9t\u00e9 initialement comptabilis\u00e9es au co\u00fbt d'ac<span class=\"_ _1\"></span>quisition.<span class=\"_ _8\"></span> (g) Part<span class=\"_ _1\"></span>enariats<span class=\"_ _8\"></span> En vertu de la norme IFRS 11 P<span class=\"_ _1\"></span>artenariats, les participations dans des partenariats sont clas<span class=\"_ _1\"></span>s\u00e9es soit comme des entreprises c<span class=\"_ _1\"></span>ommunes, soit comme des coentr<span class=\"_ _1\"></span>eprises. La classification d\u00e9pend des droits et obligations contr<span class=\"_ _1\"></span>actuels de chaque inv<span class=\"_ _1\"></span>estisseur et non de la structure juridique du part<span class=\"_ _1\"></span>enariat.<span class=\"_ _8\"></span> Entreprise commune Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet son dr<span class=\"_ _1\"></span>oit direct aux actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges des entr<span class=\"_ _1\"></span>eprises communes et \u00e0 sa<span class=\"_ _8\"></span> part des actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges d\u00e9tenus ou engag\u00e9s conjoint<span class=\"_ _1\"></span>ement. Ces \u00e9l\u00e9ments ont \u00e9t\u00e9 repris dans les \u00e9tats financiers aux rubriques appropri\u00e9es. Coentreprise Une coentr<span class=\"_ _1\"></span>eprise est un accor<span class=\"_ _1\"></span>d selon lequel Cenergy Holdings a un c<span class=\"_ _1\"></span>ontr\u00f4le conjoint, en vertu duquel C<span class=\"_ _1\"></span>energy Holdings<span class=\"_ _8\"></span> d\u00e9tient des droits sur l\u2019<span class=\"_ _1\"></span>actif net faisant l\u2019<span class=\"_ _1\"></span>objet de l\u2019acc<span class=\"_ _1\"></span>ord, plut\u00f4t que des dr<span class=\"_ _1\"></span>oits sur l\u2019actif et des obligations sur le passif<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les participations dans des coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence (voir [h] ci-dessous), apr\u00e8s a<span class=\"_ _1\"></span>voir \u00e9t\u00e9 initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es au co\u00fbt d'acquisition dans le bilan consolid\u00e9. (h) M\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon la m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e, les inv<span class=\"_ _1\"></span>estissements sont initialement comptabilis\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt<span class=\"_ _8\"></span> d\u2019acquisition et ajus<span class=\"_ _1\"></span>t\u00e9s par la suite pour comptabiliser en r\u00e9sultat la quot<span class=\"_ _1\"></span>e-part de Cenergy Holdings dans les pr<span class=\"_ _1\"></span>ofits<span class=\"_ _8\"></span> ou les pertes post-ac<span class=\"_ _1\"></span>quisition de l'entit\u00e9 d\u00e9tenue. La m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e consid\u00e8re \u00e9galement la part de Cener<span class=\"_ _1\"></span>gy Holdings dans les variations des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global de l'entit\u00e9 d\u00e9tenue, jusqu'\u00e0 la date \u00e0 laquelle c<span class=\"_ _1\"></span>esse l'influence notable ou le contr\u00f4le c<span class=\"_ _1\"></span>onjoint.Les dividendes re\u00e7us ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir d'entreprises associ\u00e9es et de coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9s en d\u00e9duction de la v<span class=\"_ _1\"></span>aleur comptable de l'inv<span class=\"_ _1\"></span>estissement. Lorsque la quote-part des pert<span class=\"_ _1\"></span>es de Cenergy Holdings dans une entit\u00e9 mise en \u00e9quiv<span class=\"_ _1\"></span>alence est \u00e9gale ou sup\u00e9rieur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00e0 sa participation dans l'entit\u00e9, Cener<span class=\"_ _1\"></span>gy Holdings ne comptabilise pas de pertes suppl\u00e9mentair<span class=\"_ _1\"></span>es, \u00e0 moins qu'elle<span class=\"_ _8\"></span> n'ait contr<span class=\"_ _1\"></span>act\u00e9 des obligations ou effectu\u00e9 des paiements au nom de l'autre entit\u00e9. Les participations de Cener<span class=\"_ _1\"></span>gy Holdings dans des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e ne comprennent que des participations dans des entreprises as<span class=\"_ _1\"></span>soci\u00e9es.<span class=\"_ _8\"></span> (i) T<span class=\"_ _1\"></span>ransactions \u00e9limin\u00e9es lors de la c<span class=\"_ _1\"></span>onsolidation<span class=\"_ _8\"></span> Les soldes et les tr<span class=\"_ _1\"></span>ansactions intragroupe<span class=\"_ _1\"></span>, ainsi que tous produits et char<span class=\"_ _1\"></span>ges non r\u00e9alis\u00e9s r\u00e9sultant de transactions intragr<span class=\"_ _1\"></span>oupe, sont \u00e9limin\u00e9s. Les gains non r\u00e9alis\u00e9s r\u00e9sultant d'op\u00e9r<span class=\"_ _1\"></span>ations av<span class=\"_ _1\"></span>ec des entit\u00e9s mises en \u00e9quivalence sont \u00e9limin\u00e9s \u00e0 concurr<span class=\"_ _1\"></span>ence de la participation d\u00e9tenue par le Gr<span class=\"_ _1\"></span>oupe dans l'entit\u00e9. Les pertes non r\u00e9alis\u00e9es sont \u00e9limin\u00e9es de la m\u00eame mani\u00e8re que les gains non r\u00e9alis\u00e9s, mais uniquement dans la mesur<span class=\"_ _1\"></span>e o\u00f9 elles ne sont pas<span class=\"_ _8\"></span> repr\u00e9sentativ<span class=\"_ _1\"></span>es d\u2019une perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. 5.2 Monnaie \u00e9trang\u00e8r<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> (a) T<span class=\"_ _1\"></span>ransactions en monnaie \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re Les tr<span class=\"_ _1\"></span>ansactions en monnaie \u00e9trang\u00e8re sont c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>erties dans les monnaies fonctionnelles respectiv<span class=\"_ _1\"></span>es des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings aux cours de change en vigueur aux dates des tr<span class=\"_ _1\"></span>ansactions.<span class=\"_ _8\"></span> Les actifs et les passifs mon\u00e9tair<span class=\"_ _1\"></span>es libell\u00e9s en monnaies \u00e9trang\u00e8r<span class=\"_ _1\"></span>es sont conv<span class=\"_ _1\"></span>ertis dans la monnaie fonctionnelle au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. Les actifs et les pas<span class=\"_ _1\"></span>sifs non mon\u00e9taires qui sont \u00e9valu\u00e9s \u00e0 la juste v<span class=\"_ _1\"></span>aleur en monnaies \u00e9trang\u00e8r<span class=\"_ _1\"></span>es sont conv<span class=\"_ _1\"></span>ertis dans la monnaie fonctionnelle au cours de change en vigueur au moment o\u00f9 la juste v<span class=\"_ _1\"></span>aleur a \u00e9t\u00e9 d\u00e9termin\u00e9e. Les plus-<span class=\"_ _1\"></span>values et moins-v<span class=\"_ _1\"></span>alues de change sont class\u00e9es et comptabilis\u00e9es en pr<span class=\"_ _1\"></span>ofit ou perte dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9 en fonction de la natur<span class=\"_ _1\"></span>e de l\u2019\u00e9l\u00e9ment associ\u00e9<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s. Les \u00e9l\u00e9ments non mon\u00e9tair<span class=\"_ _1\"></span>es libell\u00e9s en monnaies \u00e9trang\u00e8res qui sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s en fonction du co\u00fbt his<span class=\"_ _1\"></span>torique sont<span class=\"_ _8\"></span> con<span class=\"_ _1\"></span>vertis au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de la transaction. Les \u00e9carts de change d\u00e9coulant de la c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ersion des couvertur<span class=\"_ _1\"></span>es de flux de tr\u00e9sorerie pour leur partie efficace et les inv<span class=\"_ _1\"></span>estissements dans des instruments de capitaux pr<span class=\"_ _1\"></span>opres comptabilis\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.<span class=\"_ _8\"></span> (b) A<span class=\"_ _1\"></span>ctivit\u00e9s \u00e0 l\u2019\u00e9tranger Les actifs et passifs li\u00e9s aux activit\u00e9s \u00e0 l'\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>, y compris le goodwill et les ajust<span class=\"_ _1\"></span>ements \u00e0 la juste v<span class=\"_ _1\"></span>aleur prov<span class=\"_ _1\"></span>enant d'acquisitions, sont con<span class=\"_ _1\"></span>vertis en eur<span class=\"_ _1\"></span>os au cours de change en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Les r<span class=\"_ _1\"></span>evenus et d\u00e9penses des activit\u00e9s \u00e0 l'\u00e9tranger sont c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ertis en euros au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de la transaction. Le taux moy<span class=\"_ _1\"></span>en pour la p\u00e9riode est jug\u00e9 comme \u00e9tant un taux appr<span class=\"_ _1\"></span>opri\u00e9. Les \u00e9carts de change sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et cumul\u00e9s en r\u00e9serve d'\u00e9cart de con<span class=\"_ _1\"></span>version, sauf si l'\u00e9cart de con<span class=\"_ _1\"></span>version est at<span class=\"_ _1\"></span>tribu\u00e9 aux participations ne donnant pas le contr\u00f4le. 5.3 Chiffre d\u2019<span class=\"_ _1\"></span>affaires Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet un chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es pro<span class=\"_ _1\"></span>venant des principales sour<span class=\"_ _1\"></span>ces suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>V<span class=\"_ _0\"></span>ente de produits; \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets \u00e9nergies; \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets de tubes d\u2019acier<span class=\"_ _0\"></span>, c'est-\u00e0-dire des tubes d\u2019acier personnalis\u00e9s, onshor<span class=\"_ _1\"></span>e et offshore, pr<span class=\"_ _1\"></span>oduits pour des applications sur base des cahiers des charges des clients. \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets de c\u00e2bles, c'est-\u00e0-dire c\u00e2bles des haut<span class=\"_ _1\"></span>e technologie, personnalis\u00e9s, souterr<span class=\"_ _1\"></span>ains et sous-marins et sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles \u00ab cl\u00e9s en main \u00bb pour la transmission et la dis<span class=\"_ _1\"></span>tribution d\u2019\u00e9lectricit\u00e9 et de donn\u00e9es.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>estation de services. Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client et il e<span class=\"_ _1\"></span>xclut les montants rec<span class=\"_ _1\"></span>ouvr\u00e9s pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les re<span class=\"_ _1\"></span>venus lorsqu'elle tr<span class=\"_ _1\"></span>ansf\u00e8re le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. La contr<span class=\"_ _1\"></span>epartie peut varier en r<span class=\"_ _1\"></span>aison des remises commer<span class=\"_ _1\"></span>ciales, de rabais de v<span class=\"_ _1\"></span>olume, de retours ou autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments similaires. La m\u00e9thode d'\u00e9v<span class=\"_ _1\"></span>aluation la plus appropri\u00e9e de la c<span class=\"_ _1\"></span>ontrepartie est \u00e9tablie en fonction de la na<span class=\"_ _1\"></span>ture de la contr<span class=\"_ _1\"></span>epartie variable. V<span class=\"_ _1\"></span>ente de produits Cener<span class=\"_ _1\"></span>gy Holdings vend des sections structur<span class=\"_ _1\"></span>elles creuses pour le secteur de la c<span class=\"_ _1\"></span>onstruction, des c\u00e2bles<span class=\"_ _8\"></span> d'alimentation, des c\u00e2bles de t\u00e9l\u00e9communication, des fils et des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> En ce qui conc<span class=\"_ _1\"></span>erne la vent<span class=\"_ _1\"></span>e de produits, le chiffre d\u2019<span class=\"_ _1\"></span>affaires es<span class=\"_ _1\"></span>t comptabilis\u00e9 au moment o\u00f9 le contr\u00f4le des biens vendus es<span class=\"_ _1\"></span>t transf\u00e9r\u00e9. Le moment du tr<span class=\"_ _1\"></span>ansfert du contr\u00f4le survient lorsque les marchandises ont \u00e9t\u00e9 e<span class=\"_ _1\"></span>xp\u00e9di\u00e9es chez le client, sauf indication contr<span class=\"_ _1\"></span>aire dans les termes du c<span class=\"_ _1\"></span>ontrat. Les clauses des c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients sont stipul\u00e9es selon les Incoterms. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es comptabilis\u00e9 \u00e0 un moment donn\u00e9 est factur\u00e9 en m\u00eame t<span class=\"_ _1\"></span>emps qu\u2019il est comptabilis\u00e9 ou dans un d\u00e9lai bref apr\u00e8s sa c<span class=\"_ _1\"></span>omptabilisation. La cr\u00e9ance est comptabilis\u00e9e lorsque le c<span class=\"_ _1\"></span>ontr\u00f4le est transf\u00e9r\u00e9 au client \u00e9tant donn\u00e9 que ce moment r<span class=\"_ _1\"></span>epr\u00e9sente celui auquel le dr<span class=\"_ _1\"></span>oit \u00e0 la contrepartie de<span class=\"_ _1\"></span>vient inconditionnel. Projets d'\u00e9nergie Le Gr<span class=\"_ _1\"></span>oupe produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s aux clients pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie. Dans le secteur des c\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent \u00e9galement des sys<span class=\"_ _1\"></span>t\u00e8mes de<span class=\"_ _8\"></span> c\u00e2bles \u00ab cl\u00e9s en main \u00bb, c\u2019es<span class=\"_ _1\"></span>t-\u00e0-dire qu\u2019<span class=\"_ _1\"></span>elles fournissent et installent des s<span class=\"_ _1\"></span>yst\u00e8mes de c\u00e2bles complets. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du cahier des charges du client. En m\u00eame temps, il e<span class=\"_ _1\"></span>xiste un dr<span class=\"_ _1\"></span>oit ex\u00e9cutoir<span class=\"_ _1\"></span>e \u00e0 un paiement au titre de la pr<span class=\"_ _1\"></span>estation effectu\u00e9e jusqu\u2019\u00e0 la date consid\u00e9r\u00e9e si le contr<span class=\"_ _1\"></span>at est r\u00e9sili\u00e9 par le client ou une autr<span class=\"_ _1\"></span>e partie pour des raisons autres que la non-e<span class=\"_ _1\"></span>x\u00e9cution de la pres<span class=\"_ _1\"></span>tation promise par Cener<span class=\"_ _1\"></span>gy Holdings. Le chiffre d\u2019<span class=\"_ _1\"></span>affaires de c<span class=\"_ _1\"></span>es projets est, par cons\u00e9quent, c<span class=\"_ _1\"></span>omptabilis\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement.<span class=\"_ _8\"></span> Concernant les obligations de pr<span class=\"_ _1\"></span>estation distinct<span class=\"_ _1\"></span>es identifi\u00e9es, il est appliqu\u00e9 la m\u00e9thode la plus appropri\u00e9e pour \u00e9valuer le degr\u00e9 d\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ancement. Les m\u00e9thodes utilis\u00e9es sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our les obligations de prestation li\u00e9es \u00e0 la pr<span class=\"_ _1\"></span>oduction de produits personnalis\u00e9s, selon le type de c<span class=\"_ _1\"></span>ontrat concern\u00e9, les m\u00e9thodes d\u2019\u00e9v<span class=\"_ _1\"></span>aluation du degr\u00e9 d\u2019a<span class=\"_ _1\"></span>vancement s\u2019<span class=\"_ _1\"></span>appuient sur :<span class=\"_ _8\"></span> i. <span class=\"_ _2c\"> </span>Le d\u00e9lai de production r\u00e9alis\u00e9, c'es<span class=\"_ _1\"></span>t-\u00e0-dire, le r<span class=\"_ _1\"></span>atio entre le temps pas<span class=\"_ _1\"></span>s\u00e9 \u00e0 la production et la dur\u00e9e totale progr<span class=\"_ _1\"></span>amm\u00e9e de la production. Cet<span class=\"_ _1\"></span>te m\u00e9thode est utilis\u00e9e pour les c\u00e2bles sous-marins produits en longues longueurs continues, lorsque le temps \u00e9c<span class=\"_ _1\"></span>oul\u00e9 est la m\u00e9thode la plus pertinente pour mesur<span class=\"_ _1\"></span>er l'avanc<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> de l'obligation de performanc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> ii. <span class=\"_ _72\"> </span>La quantit\u00e9 de tour<span class=\"_ _1\"></span>ets de c\u00e2ble ou de tubes d\u2019acier fabriqu\u00e9s et t<span class=\"_ _1\"></span>est\u00e9s par rapport \u00e0 la quantit\u00e9 totale \u00e0 produir<span class=\"_ _1\"></span>e conform\u00e9ment au c<span class=\"_ _1\"></span>ontrat. Cett<span class=\"_ _1\"></span>e m\u00e9thode est utilis\u00e9e pour les c\u00e2bles terres<span class=\"_ _1\"></span>tres et les tubes d\u2019acier personnalis\u00e9s, d\u00e8s lors que la production de c<span class=\"_ _1\"></span>es produits est r\u00e9alis\u00e9e par lots et, de c<span class=\"_ _1\"></span>e fait, les obligations de pres<span class=\"_ _1\"></span>tation concern\u00e9es sont r<span class=\"_ _1\"></span>espect\u00e9es lorsque certains lots des quantit\u00e9s conv<span class=\"_ _1\"></span>enues sont produits. \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our les phases d'installation des projets \u00ab cl\u00e9s en main \u00bb du secteur des c\u00e2bles, la m\u00e9thode de mesur<span class=\"_ _1\"></span>e du degr\u00e9 d\u2019a<span class=\"_ _1\"></span>vancement es<span class=\"_ _1\"></span>t bas\u00e9e sur l'\u00e9valuation des r\u00e9sultats obtenus ou des jalons at<span class=\"_ _1\"></span>teints, sur la base de jalons<span class=\"_ _8\"></span> techniques clair<span class=\"_ _1\"></span>ement d\u00e9finis, tels que le transport ou les m\u00e8tr<span class=\"_ _1\"></span>es de c\u00e2bles install\u00e9s. Lorsque les \u00e9tapes sont utilis\u00e9es comme m\u00e9thode pour mesur<span class=\"_ _1\"></span>er le degr\u00e9 d\u2019av<span class=\"_ _1\"></span>ancement, ces \u00e9tapes d\u00e9criv<span class=\"_ _1\"></span>ent fid\u00e8lement les presta<span class=\"_ _1\"></span>tions.<span class=\"_ _8\"></span> La Direction es<span class=\"_ _1\"></span>time que ces m\u00e9thodes \u00e9valuent de f<span class=\"_ _1\"></span>a\u00e7on appropri\u00e9e la mesure dans laquelle une obligation de pres<span class=\"_ _1\"></span>tation est remplie, selon l'IFRS 15. Le moment de la r<span class=\"_ _1\"></span>econnaissance du chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es, des factura<span class=\"_ _1\"></span>tions et des recouvr<span class=\"_ _1\"></span>ements d\u2019esp\u00e8c<span class=\"_ _1\"></span>es r\u00e9sulte en cr\u00e9ances sur compt<span class=\"_ _1\"></span>es factur\u00e9s, cr\u00e9ances non f<span class=\"_ _1\"></span>actur\u00e9es (actifs sur contrat) et ac<span class=\"_ _1\"></span>omptes vers\u00e9s par le client (pas<span class=\"_ _1\"></span>sifs<span class=\"_ _8\"></span> sur contr<span class=\"_ _1\"></span>at). Ces actifs et passifs sur contr<span class=\"_ _1\"></span>ats sont repris dans l\u2019\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 de la situation financi\u00e8re, aux lignes \u00ab Actifs sur c<span class=\"_ _1\"></span>ontrats \u00bb et \u00ab Passifs sur c<span class=\"_ _1\"></span>ontrats \u00bb. Pour les pr<span class=\"_ _1\"></span>oduits et services dont le chiffre d\u2019<span class=\"_ _1\"></span>affaires es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement, les montants sont factur\u00e9s au fur et \u00e0 mesure de l\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ancement des tra<span class=\"_ _1\"></span>vaux conform\u00e9ment aux clauses c<span class=\"_ _1\"></span>ontractuelles con<span class=\"_ _1\"></span>venues ou bien lorsque sont r\u00e9alis\u00e9es des \u00e9tapes c<span class=\"_ _1\"></span>ontractuelles importantes ou encor<span class=\"_ _1\"></span>e \u00e0 la livraison et r\u00e9c<span class=\"_ _1\"></span>eption finales des biens fabriqu\u00e9s. En g\u00e9n\u00e9ral, la f<span class=\"_ _1\"></span>acturation est r\u00e9alis\u00e9e au pr<span class=\"_ _1\"></span>orata de la r<span class=\"_ _1\"></span>econnaissance du chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es, pour les produits et services personnalis\u00e9s e<span class=\"_ _1\"></span>x\u00e9cut\u00e9s progr<span class=\"_ _1\"></span>essivement et r\u00e9sultants en actifs sur contr<span class=\"_ _1\"></span>ats. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, si les acomptes des clients sont re\u00e7us a<span class=\"_ _1\"></span>vant la comptabilisa<span class=\"_ _1\"></span>tion de la vente, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s comme des passifs sur contr<span class=\"_ _1\"></span>at. Il n\u2019<span class=\"_ _1\"></span>est pas consid\u00e9r\u00e9 que les contr<span class=\"_ _1\"></span>ats de projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie pass\u00e9s av<span class=\"_ _1\"></span>ec des clients ont une composante de financement importante<span class=\"_ _1\"></span>, car la p\u00e9riode entre la cons<span class=\"_ _1\"></span>tatation du chiffre d'affair<span class=\"_ _1\"></span>es et les paiements interm\u00e9diair<span class=\"_ _1\"></span>es est<span class=\"_ _8\"></span> inf\u00e9rieure \u00e0 un an. Prestation de s<span class=\"_ _1\"></span>ervices<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la vent<span class=\"_ _1\"></span>e de services au pror<span class=\"_ _1\"></span>ata de l\u2019\u00e9tat d'av<span class=\"_ _1\"></span>ancement de la pres<span class=\"_ _1\"></span>tation \u00e0 la date de cl\u00f4ture des \u00e9tats financiers. L'\u00e9ta<span class=\"_ _1\"></span>t d'avanc<span class=\"_ _1\"></span>ement est \u00e9valu\u00e9 sur base de sondages du tr<span class=\"_ _1\"></span>avail eff<span class=\"_ _1\"></span>ectu\u00e9.<span class=\"_ _8\"></span> Les services f<span class=\"_ _1\"></span>ournis par Cenergy Holdings sont principalement li\u00e9s aux pr<span class=\"_ _1\"></span>oduits vendus par ses filiales et compr<span class=\"_ _1\"></span>ennent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>e d'assistance t<span class=\"_ _1\"></span>echnique pour le traitement des m\u00e9taux; \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>onception et ing\u00e9nierie d'applications personnalis\u00e9es; \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>es de supervision;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>es d'installation ; \u2022 <span class=\"_ _20\"> </span>R\u00e9par<span class=\"_ _1\"></span>ations et remplac<span class=\"_ _1\"></span>ements.<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>ous les services ci-dessus, lorsqu\u2019ils sont li\u00e9s \u00e0 des pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques, sont d\u00e9clar\u00e9s dans le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es des<span class=\"_ _8\"></span> C\u00e2bles et des T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, selon leur segment. Si le paiement des services n'est pas d\u00fb par le client jusqu'\u00e0 c<span class=\"_ _1\"></span>e que les services soient complets, un actif sur contr<span class=\"_ _1\"></span>at est comptabilis\u00e9 sur la p\u00e9riode au c<span class=\"_ _1\"></span>ours de laquelle les services sont ex\u00e9cut\u00e9s, c<span class=\"_ _1\"></span>e qui repr\u00e9sente le dr<span class=\"_ _1\"></span>oit \u00e0 une<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>epartie pour les services rendus \u00e0 c<span class=\"_ _1\"></span>e jour<span class=\"_ _1\"></span>. Ces actifs contr<span class=\"_ _1\"></span>actuels sont pr\u00e9sent\u00e9s dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re \u00e0 la ligne \u00ab actifs sur c<span class=\"_ _1\"></span>ontrats \u00bb. Co\u00fbts des contr<span class=\"_ _1\"></span>ats<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019obt<span class=\"_ _1\"></span>ention de contrats a<span class=\"_ _1\"></span>vec des clients et les co\u00fbts enc<span class=\"_ _1\"></span>ourus<span class=\"_ _8\"></span> au titre de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution des contrats c<span class=\"_ _1\"></span>onclus av<span class=\"_ _1\"></span>ec les clients directement associ\u00e9s aux c<span class=\"_ _1\"></span>ontrats en tant qu\u2019<span class=\"_ _1\"></span>actif, s\u2019il est estim\u00e9 que ces c<span class=\"_ _1\"></span>o\u00fbts sont recouvr<span class=\"_ _1\"></span>ables et les enregistr<span class=\"_ _1\"></span>e dans la ligne \u00ab Co\u00fbts des contr<span class=\"_ _1\"></span>ats \u00bb de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re<span class=\"_ _1\"></span>. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d'obtention de contra<span class=\"_ _1\"></span>ts sont des co\u00fbts engag\u00e9s pour obtenir un contr<span class=\"_ _1\"></span>at av<span class=\"_ _1\"></span>ec un client qui n\u2019aur<span class=\"_ _1\"></span>aient pas \u00e9t\u00e9 engag\u00e9s si le contrat n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait pas \u00e9t\u00e9 obtenu.<span class=\"_ _8\"></span> Les co\u00fbts d'e<span class=\"_ _1\"></span>x\u00e9cution ne sont capitalis\u00e9s que s'ils g\u00e9n\u00e8rent ou am\u00e9lior<span class=\"_ _1\"></span>ent des ressour<span class=\"_ _1\"></span>ces qui seront utilis\u00e9es pour satisfair<span class=\"_ _1\"></span>e \u00e0 des obligations de presta<span class=\"_ _1\"></span>tion dans le futur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les actifs g\u00e9n\u00e9r\u00e9s par les co\u00fbts li\u00e9s aux c<span class=\"_ _1\"></span>ontrats sont amortis soit selon la m\u00e9thode de l\u2019<span class=\"_ _1\"></span>amortissement lin\u00e9aire sur une p\u00e9riode d\u00e9termin\u00e9e en fonction de la dur\u00e9e es<span class=\"_ _1\"></span>tim\u00e9e du contrat, soit en f<span class=\"_ _1\"></span>onction de la partie des rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution du contra<span class=\"_ _1\"></span>t correspondant. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019<span class=\"_ _1\"></span>obtention des contr<span class=\"_ _1\"></span>ats sont comptabilis\u00e9s en charges si la p\u00e9riode d'amortis<span class=\"_ _1\"></span>sement des<span class=\"_ _8\"></span> actifs est d'un an ou moins. 5.4 A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel<span class=\"_ _8\"></span> (a) A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme Les av<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en charge au fur et \u00e0 mesur<span class=\"_ _1\"></span>e que la prestation de service aff\u00e9r<span class=\"_ _1\"></span>ente est acc<span class=\"_ _1\"></span>omplie. Un passif est comptabilis\u00e9 pour les montants \u00e0 pa<span class=\"_ _1\"></span>yer si Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont soumises \u00e0 une obligation l\u00e9gale e<span class=\"_ _1\"></span>xistante ou implicite de pa<span class=\"_ _1\"></span>yer ce montant suit<span class=\"_ _1\"></span>e \u00e0 des services<span class=\"_ _8\"></span> fournis par l'emplo<span class=\"_ _1\"></span>y\u00e9 par le pass\u00e9 et que cett<span class=\"_ _1\"></span>e obligation peut \u00eatre \u00e9valu\u00e9e de f<span class=\"_ _1\"></span>a\u00e7on fiable. (b) R\u00e9gimes \u00e0 c<span class=\"_ _1\"></span>otisations d\u00e9finies<span class=\"_ _8\"></span> Un r\u00e9gime \u00e0 cotisations d\u00e9finies est un r\u00e9gime d'a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l'emploi en v<span class=\"_ _1\"></span>ertu duquel Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> verse des c<span class=\"_ _1\"></span>otisations d\u00e9finies \u00e0 une entit\u00e9 juridique tierc<span class=\"_ _1\"></span>e sans aucune autre obligation. Le co\u00fbt ac<span class=\"_ _1\"></span>cumul\u00e9 des<span class=\"_ _8\"></span> r\u00e9gimes \u00e0 cotisations d\u00e9finies est c<span class=\"_ _1\"></span>omptabilis\u00e9 en charge au cours de la p\u00e9riode o\u00f9 le servic<span class=\"_ _1\"></span>e connex<span class=\"_ _1\"></span>e est fourni. (c<span class=\"_ _1\"></span>) R\u00e9gimes \u00e0 prestations d\u00e9finies L'obligation nette de C<span class=\"_ _1\"></span>energy Holdings au titre de r\u00e9gimes \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e s\u00e9par\u00e9ment pour<span class=\"_ _8\"></span> chaque r\u00e9gime en estimant le montant des av<span class=\"_ _1\"></span>antages futurs acquis par le personnel au cours de la p\u00e9riode actuelle et des p\u00e9riodes ant\u00e9rieures. C<span class=\"_ _1\"></span>e montant est actualis\u00e9 et la juste v<span class=\"_ _1\"></span>aleur des actifs du r\u00e9gime est ensuite d\u00e9duite. L<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> taux d'actualisation est bas\u00e9 sur des obligations de soci\u00e9t\u00e9s de pr<span class=\"_ _1\"></span>emier rang libell\u00e9es dans la de<span class=\"_ _1\"></span>vise dans laquelle<span class=\"_ _8\"></span> les pres<span class=\"_ _1\"></span>tations seront v<span class=\"_ _1\"></span>ers\u00e9es.<span class=\"_ _8\"></span> Le calcul des obligations au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies es<span class=\"_ _1\"></span>t effectu\u00e9 annuellement par un actuaire qualifi\u00e9 selon la m\u00e9thode de cr\u00e9dit unitaire pr<span class=\"_ _1\"></span>ojet\u00e9e, tandis que les pres<span class=\"_ _1\"></span>tations sont attribu\u00e9es au cours des 16 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ant la retr<span class=\"_ _1\"></span>aite de chaque employ\u00e9. La r\u00e9\u00e9valuation de l'obliga<span class=\"_ _1\"></span>tion au titre des r\u00e9gimes \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies, qui se composent des gains et pertes actuariels, est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9termine les int\u00e9r\u00eats d\u00e9biteurs nets sur l'engagement net de la pr<span class=\"_ _1\"></span>estation d\u00e9finie pour la p\u00e9riode au mo<span class=\"_ _1\"></span>yen du taux d'actualisation utilis\u00e9 pour mesurer l'obliga<span class=\"_ _1\"></span>tion inh\u00e9rente \u00e0 la pr<span class=\"_ _1\"></span>estation d\u00e9finie au d\u00e9but de la p\u00e9riode annuelle jusqu'\u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie, en tenant compt<span class=\"_ _1\"></span>e de tout changement apport\u00e9 \u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie au cours de la p\u00e9riode r\u00e9sultant de cotisations et de v<span class=\"_ _1\"></span>ersements au titre des pr<span class=\"_ _1\"></span>estations. Les d\u00e9penses d'int\u00e9r\u00eat nettes et les autr<span class=\"_ _1\"></span>es d\u00e9penses li\u00e9es aux plans \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies sont comptabilis\u00e9es au compte de r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> Lorsque les pr<span class=\"_ _1\"></span>estations d'un r\u00e9gime sont modifi\u00e9es ou qu'un r\u00e9gime est r\u00e9duit, le changement qui en r\u00e9sulte r<span class=\"_ _1\"></span>elatif<span class=\"_ _8\"></span> aux pres<span class=\"_ _1\"></span>tations pour des services ant\u00e9rieurs ou le profit ou la pert<span class=\"_ _1\"></span>e r\u00e9sultant de cette r\u00e9duction est imm\u00e9diat<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> comptabilis\u00e9 au compt<span class=\"_ _1\"></span>e de r\u00e9sultat. Cenergy Holdings c<span class=\"_ _1\"></span>onstate les pr<span class=\"_ _1\"></span>ofits et pertes aff\u00e9rents au r\u00e8glement d'un r\u00e9gime \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies au moment de ce r\u00e8glement. (d) Indemnit\u00e9s de c<span class=\"_ _1\"></span>essation d'emploi Les indemnit\u00e9s de ces<span class=\"_ _1\"></span>sation d'emploi sont pass\u00e9es en charges au plus t\u00f4t lorsque Cener<span class=\"_ _1\"></span>gy Holdings ne peut plus retir<span class=\"_ _1\"></span>er l'offre de c<span class=\"_ _1\"></span>es prestations et lorsque Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les co\u00fbts d'une restructur<span class=\"_ _1\"></span>ation. S'il n'est pas pr\u00e9vu que les indemnit\u00e9s soient int\u00e9gralement r\u00e9gl\u00e9es dans les 12 mois apr\u00e8s la dat<span class=\"_ _1\"></span>e de cl\u00f4ture, elles sont actualis\u00e9es. 5.5 Subv<span class=\"_ _1\"></span>entions publiques Les sub<span class=\"_ _1\"></span>ventions publiques sont comptabilis\u00e9es \u00e0 leur jus<span class=\"_ _1\"></span>te valeur lorsque Cener<span class=\"_ _1\"></span>gy Holdings obtient l\u2019assur<span class=\"_ _1\"></span>ance raisonnable que la sub<span class=\"_ _1\"></span>vention ser<span class=\"_ _1\"></span>a effectiv<span class=\"_ _1\"></span>ement re\u00e7ue et que cett<span class=\"_ _1\"></span>e m\u00eame entit\u00e9 respecter<span class=\"_ _1\"></span>a toutes les modalit\u00e9s stipul\u00e9es. Les sub<span class=\"_ _1\"></span>ventions publiques aff\u00e9r<span class=\"_ _1\"></span>entes \u00e0 des d\u00e9penses sont diff\u00e9r\u00e9es et comptabilis\u00e9es par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat de la p\u00e9riode afin qu'elles corr<span class=\"_ _1\"></span>espondent aux d\u00e9penses qu'elles sont cens\u00e9es couvrir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les sub<span class=\"_ _1\"></span>ventions publiques r<span class=\"_ _1\"></span>elatives \u00e0 l'acquisition d'immobilisations c<span class=\"_ _1\"></span>orporelles sont comptabilis\u00e9es en pas<span class=\"_ _1\"></span>sifs<span class=\"_ _8\"></span> non cour<span class=\"_ _1\"></span>ants en tant que subv<span class=\"_ _1\"></span>entions publiques diff\u00e9r\u00e9es. Elles sont port\u00e9es au compte de r\u00e9sultat consolid\u00e9 (ligne \u00ab Autr<span class=\"_ _1\"></span>es produits \u00bb) selon la m\u00e9thode lin\u00e9aire sur la dur\u00e9e de vie a<span class=\"_ _1\"></span>ttendue des actifs concern\u00e9s. 5.6 Produits financiers et charges financi\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits financiers et charges financi\u00e8res de C<span class=\"_ _1\"></span>energy Holdings compr<span class=\"_ _1\"></span>ennent essentiellement : \u2022 <span class=\"_ _20\"> </span>les pr<span class=\"_ _1\"></span>oduits d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les dividendes per\u00e7us ; \u2022 <span class=\"_ _20\"> </span>les gains et pert<span class=\"_ _1\"></span>es de change sur emprunts et d\u00e9p\u00f4ts.<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus de dividendes sont comptabilis\u00e9s en r\u00e9sultat \u00e0 la date \u00e0 laquelle le dr<span class=\"_ _1\"></span>oit de rece<span class=\"_ _1\"></span>voir le paiement est ac<span class=\"_ _1\"></span>quis.<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> 5.7 Imp\u00f4t sur le r\u00e9sultat L'imp\u00f4t sur le r\u00e9sultat compr<span class=\"_ _1\"></span>end l'imp\u00f4t courant et l'imp\u00f4t diff\u00e9r\u00e9. Il es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat sauf dans la mesure o\u00f9 il c<span class=\"_ _1\"></span>oncerne un regr<span class=\"_ _1\"></span>oupement d'entreprises, ou des \u00e9l\u00e9ments comptabilis\u00e9s dir<span class=\"_ _1\"></span>ectement en capitaux propr<span class=\"_ _1\"></span>es ou dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. A. Imp\u00f4t cour<span class=\"_ _1\"></span>antL'imp\u00f4t cour<span class=\"_ _1\"></span>ant comprend l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir sur le r\u00e9sultat imposable de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice et t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> ajustements de l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir relatifs aux e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cices pr\u00e9c\u00e9dents. Il est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9 en application des<span class=\"_ _8\"></span> taux d'imposition en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats financiers. L'imp\u00f4t cour<span class=\"_ _1\"></span>ant inclut \u00e9galement tout imp\u00f4t<span class=\"_ _8\"></span> sur les dividendes. <span class=\"_ _52\"> </span> Les actifs et passifs d'imp\u00f4t c<span class=\"_ _1\"></span>ourant ne sont compens\u00e9s que si c<span class=\"_ _1\"></span>ertains crit\u00e8res sont remplis. B. Imp\u00f4t diff\u00e9r\u00e9 L'imp\u00f4t diff\u00e9r\u00e9 est r<span class=\"_ _1\"></span>econnu pour les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles entr<span class=\"_ _1\"></span>e les valeurs comptables des actifs et pas<span class=\"_ _1\"></span>sifs pour<span class=\"_ _8\"></span> les besoins de l'information financi\u00e8r<span class=\"_ _1\"></span>e et les valeurs calcul\u00e9es sur une base fiscale. L'imp\u00f4t diff\u00e9r\u00e9 n'est pas comptabilis\u00e9 pour : \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles sur la comptabilisation initiale des actifs et des passifs pour une tr<span class=\"_ _1\"></span>ansaction autre qu\u2019un regr<span class=\"_ _1\"></span>oupement d'entreprises et qui n\u2019<span class=\"_ _1\"></span>a pas d\u2019eff<span class=\"_ _1\"></span>et sur le r\u00e9sultat comptable ou fiscal ; \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles li\u00e9es \u00e0 des participations dans des filiales, des entreprises as<span class=\"_ _1\"></span>soci\u00e9es et des<span class=\"_ _8\"></span> coentr<span class=\"_ _1\"></span>eprises dans la mesure o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings est capable de contr\u00f4ler le moment de la r<span class=\"_ _1\"></span>eprise des<span class=\"_ _8\"></span> diff\u00e9renc<span class=\"_ _1\"></span>es temporelles et s\u2019il es<span class=\"_ _1\"></span>t probable qu\u2019<span class=\"_ _1\"></span>elles ne soient pas reprises dans un a<span class=\"_ _1\"></span>venir pr\u00e9visible ; et \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles imposables pro<span class=\"_ _1\"></span>venant de la c<span class=\"_ _1\"></span>omptabilisation initiale du goodwill.<span class=\"_ _8\"></span> Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont comptabilis\u00e9s pour les pert<span class=\"_ _1\"></span>es fiscales non utilis\u00e9es, les cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s<span class=\"_ _8\"></span> et les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles d\u00e9ductibles dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il est probable que des b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs<span class=\"_ _8\"></span> seront disponibles pour les utiliser<span class=\"_ _0\"></span>. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats<span class=\"_ _8\"></span> financiers et sont r\u00e9duits dans la mesure o\u00f9 il n\u2019<span class=\"_ _1\"></span>est plus pr<span class=\"_ _1\"></span>obable que l\u2019av<span class=\"_ _1\"></span>antage fiscal puisse se r\u00e9aliser ; ces r\u00e9ductions sont contr<span class=\"_ _1\"></span>e-pass\u00e9es si la probabilit\u00e9 de b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs s'accro\u00eet. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s non comptabilis\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque dat<span class=\"_ _1\"></span>e de cl\u00f4ture et comptabilis\u00e9s dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il devient pr<span class=\"_ _1\"></span>obable que des b\u00e9n\u00e9fices imposables futurs ser<span class=\"_ _1\"></span>ont disponibles pour les utiliser<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les montants d'imp\u00f4ts diff\u00e9r\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s aux taux d'imp\u00f4t attendus dans la p\u00e9riode o\u00f9 l'actif d'imp\u00f4t sera rec<span class=\"_ _1\"></span>ouvr\u00e9 en tenant compte des taux d'imposition en vigueur \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture. L'\u00e9valuation des imp\u00f4ts diff\u00e9r\u00e9s r<span class=\"_ _1\"></span>efl\u00e8te les cons\u00e9quenc<span class=\"_ _1\"></span>es fiscales qui d\u00e9couleraient de la f<span class=\"_ _1\"></span>a\u00e7on par laquelle Cenergy Holdings pr\u00e9voit, \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture, de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er ou de payer la v<span class=\"_ _1\"></span>aleur comptable de ses actifs et passifs. Les actifs et les passifs d'imp\u00f4ts diff\u00e9r\u00e9s ne sont c<span class=\"_ _1\"></span>ompens\u00e9s que s'il existe un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de compenser les actifs et passifs d'imp\u00f4ts e<span class=\"_ _1\"></span>xigibles et que les imp\u00f4ts diff\u00e9r\u00e9s concernent la m\u00eame aut<span class=\"_ _1\"></span>orit\u00e9 fiscale.<span class=\"_ _8\"></span> 5.8 Stocks Les st<span class=\"_ _1\"></span>ocks sont \u00e9valu\u00e9s au plus faible du c<span class=\"_ _1\"></span>o\u00fbt et de la valeur nette de r\u00e9alisation. L<span class=\"_ _1\"></span>e co\u00fbt est d\u00e9termin\u00e9 en appliquant la m\u00e9thode du co\u00fbt mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 et se c<span class=\"_ _1\"></span>ompose du co\u00fbt de production et de con<span class=\"_ _1\"></span>version, ainsi que de toutes les char<span class=\"_ _1\"></span>ges direct<span class=\"_ _1\"></span>es n\u00e9cessaires pour met<span class=\"_ _1\"></span>tre les stocks dans leur \u00e9ta<span class=\"_ _1\"></span>t actuel. La valeur nette de r\u00e9alisation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> estim\u00e9e sur la base du prix de v<span class=\"_ _1\"></span>ente actuel des stocks dans le c<span class=\"_ _1\"></span>ours normal de l'activit\u00e9, d\u00e9duction faite des fr<span class=\"_ _1\"></span>ais de<span class=\"_ _8\"></span> vent<span class=\"_ _1\"></span>e, si un tel cas de figur<span class=\"_ _1\"></span>e se produit. Les d\u00e9pr\u00e9ciations de st<span class=\"_ _1\"></span>ocks refl\u00e9tant la v<span class=\"_ _1\"></span>aleur nette de r\u00e9alisation, ainsi que toutes r<span class=\"_ _1\"></span>eprises, sont comptabilis\u00e9es en \u00ab co\u00fbt des v<span class=\"_ _1\"></span>entes \u00bb dans la p\u00e9riode au cours de laquelle elles surviennent. 5.9 Immobilisations corpor<span class=\"_ _1\"></span>elles<span class=\"_ _8\"></span> A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Les immobilisations corpor<span class=\"_ _1\"></span>elles sont \u00e9valu\u00e9es \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt d'acquisition, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> et amortissements cumul\u00e9s.Le c<span class=\"_ _1\"></span>o\u00fbt d'acquisition comprend l'ensemble des d\u00e9penses dir<span class=\"_ _1\"></span>ectement associ\u00e9es \u00e0 l'acquisition ou \u00e0 la cons<span class=\"_ _1\"></span>truction de l'actif. L<span class=\"_ _1\"></span>es co\u00fbts de construction des actifs immobilis\u00e9s compr<span class=\"_ _1\"></span>ennent le co\u00fbt de la main-d'\u0153uvre dir<span class=\"_ _1\"></span>ecte, des mat\u00e9riaux et t<span class=\"_ _1\"></span>out autre co\u00fbt li\u00e9s \u00e0 leur mise en servic<span class=\"_ _1\"></span>e ainsi que les co\u00fbts d'emprunt.<span class=\"_ _8\"></span> Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont capitalis\u00e9es que s'il est probable que Cener<span class=\"_ _1\"></span>gy Holdings b\u00e9n\u00e9ficiera d\u2019<span class=\"_ _1\"></span>avantages \u00e9conomiques futurs. Les c<span class=\"_ _1\"></span>o\u00fbts de r\u00e9paration et d'entr<span class=\"_ _1\"></span>etien sont comptabilis\u00e9s au compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. En cas de cession d'une immobilisation c<span class=\"_ _1\"></span>orporelle, t<span class=\"_ _1\"></span>oute diff\u00e9renc<span class=\"_ _1\"></span>e entre le prix re\u00e7u et la v<span class=\"_ _1\"></span>aleur comptable de l'actifest comptabilis\u00e9e en r\u00e9sultat \u00e0 la rubrique \u00ab A<span class=\"_ _1\"></span>utres pr<span class=\"_ _1\"></span>oduits (charges<span class=\"_ _1\"></span>) \u00bb.<span class=\"_ _8\"></span> Les co\u00fbts d'emprunt li\u00e9s \u00e0 la c<span class=\"_ _1\"></span>onstruction d'actifs immobilis\u00e9s sont port\u00e9s \u00e0 l'actif jusqu'\u00e0 l'ach\u00e8vement de la construction. B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e \u00e0 r\u00e9partir le co\u00fbt des immobilisations corpor<span class=\"_ _1\"></span>elles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles es<span class=\"_ _1\"></span>tim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement<span class=\"_ _8\"></span> comptabilis\u00e9 en r\u00e9sultat. Les t<span class=\"_ _1\"></span>errains ne sont pas amortis.  B\u00e2timents administra<span class=\"_ _1\"></span>tifs <span class=\"_ _73\"> </span>20 \u00e0 50 ans  Usines <span class=\"_ _74\"> </span>33 \u00e0 50 ans  Machines lourdes <span class=\"_ _75\"> </span>12 \u00e0 40 ans  Machines l\u00e9g\u00e8res <span class=\"_ _76\"> </span>8 \u00e0 18 ans  Mobilier <span class=\"_ _74\"> </span>4 \u00e0 10 ans  Autres \u00e9quipements <span class=\"_ _77\"> </span>4 \u00e0 12 ans  Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _78\"> </span>4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9ces<span class=\"_ _1\"></span>saire. C. Reclassification en bien immobilier de plac<span class=\"_ _1\"></span>ements<span class=\"_ _8\"></span> Lorsque la destination d'un bien immobilier n'es<span class=\"_ _1\"></span>t plus l'occupation par son propri\u00e9tair<span class=\"_ _1\"></span>e, mais l'inv<span class=\"_ _1\"></span>estissement immobilier<span class=\"_ _1\"></span>, le bien est r<span class=\"_ _1\"></span>eclass\u00e9 en cons\u00e9quenc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le bien est r<span class=\"_ _1\"></span>eclass\u00e9 \u00e0 sa valeur c<span class=\"_ _1\"></span>omptable nette \u00e0 la date de r<span class=\"_ _1\"></span>eclassification, qui deviendr<span class=\"_ _1\"></span>a son co\u00fbt d'acquisition r\u00e9put\u00e9 pour son trait<span class=\"_ _1\"></span>ement comptable ult\u00e9rieur<span class=\"_ _1\"></span>. D<span class=\"_ _1\"></span>. Reclassification en actifs disponibles \u00e0 la v<span class=\"_ _1\"></span>ente Les actifs non cour<span class=\"_ _1\"></span>ants et les groupes d\u2019<span class=\"_ _1\"></span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s sont r<span class=\"_ _1\"></span>eclass\u00e9s comme d\u00e9tenus pour la v<span class=\"_ _1\"></span>ente si leur valeur c<span class=\"_ _1\"></span>omptable est rec<span class=\"_ _1\"></span>ouvr\u00e9e principalement par une vente plut\u00f4t que par une utilisation c<span class=\"_ _1\"></span>ontinue.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>10 Immobilisations incorporelles A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Recherche et d\u00e9veloppemen<span class=\"_ _1\"></span>t<span class=\"ff19\"> : les d\u00e9penses relativ<span class=\"_ _1\"></span>es aux activit\u00e9s de recherche sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat<span class=\"_ _8\"></span> </span>lorsqu\u2018elles sont engag\u00e9es. Les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement ne sont inscrits \u00e0 l\u2019<span class=\"_ _1\"></span>actif que si la d\u00e9pense peut \u00eatre \u00e9valu\u00e9e de mani\u00e8r<span class=\"_ _1\"></span>e fiable, le produit ou le pr<span class=\"_ _1\"></span>ocessus est t<span class=\"_ _1\"></span>echniquement et commercialement viable<span class=\"_ _1\"></span>, les b\u00e9n\u00e9fices \u00e9conomiques futurs sont pr<span class=\"_ _1\"></span>obables et que Cenergy Holdings a l'int<span class=\"_ _1\"></span>ention et dispose de ressour<span class=\"_ _1\"></span>ces suffisantes pour achev<span class=\"_ _1\"></span>er le d\u00e9veloppement, et utiliser ou v<span class=\"_ _1\"></span>endre l'actif<span class=\"_ _1\"></span>. Dans le cas contr<span class=\"_ _1\"></span>aire, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. Apr\u00e8s leur comptabilisation initiale, les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt d'acquisition diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>ogiciels <span class=\"ff19 ws1\">: les lic<span class=\"_ _1\"></span>ences logicielles sont comptabilis\u00e9es \u00e0 leur co\u00fbt d'acquisition diminu\u00e9 des amortis<span class=\"_ _1\"></span>sements cumul\u00e9s.<span class=\"_ _8\"></span> </span>Ces actifs sont amortis selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e qui varie entr<span class=\"_ _1\"></span>e 3 et 10 ans. Les frais li\u00e9s \u00e0 leur entretien sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice au cours duquel ils sont engag\u00e9s. Autres immobilisations inc<span class=\"_ _1\"></span>orporelles <span class=\"ff19\">: les autres immobilisations incorpor<span class=\"_ _1\"></span>elles, y compris les r<span class=\"_ _1\"></span>elations av<span class=\"_ _1\"></span>ec les clients,<span class=\"_ _8\"></span> </span>le \u00ab sav<span class=\"_ _1\"></span>oir-fair<span class=\"_ _1\"></span>e \u00bb, les brev<span class=\"_ _1\"></span>ets et les marques de c<span class=\"_ _1\"></span>ommerce, qui sont ac<span class=\"_ _1\"></span>quis par Cenergy Holdings et qui ont une dur\u00e9e de vie utile limit\u00e9e, sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur co\u00fbt diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de valeur<span class=\"_ _0\"></span>. Ces actifs sont amortis selon la m\u00e9thode de l'amortissement lin\u00e9aire sur leur dur\u00e9e de vie utile es<span class=\"_ _1\"></span>timative. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> autres immobilisations inc<span class=\"_ _1\"></span>orporelles, qui ont une dur\u00e9e de vie ind\u00e9termin\u00e9e<span class=\"_ _1\"></span>, sont \u00e9valu\u00e9es \u00e0 leur co\u00fbt, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur cumul\u00e9es. B. D\u00e9penses ult\u00e9rieures Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont port\u00e9es \u00e0 l'actif que lorsqu\u2019elles augment<span class=\"_ _1\"></span>ent les avantages \u00e9c<span class=\"_ _1\"></span>onomiques futurs de<span class=\"_ _8\"></span> l'actif auquel elles se rapport<span class=\"_ _1\"></span>ent. T<span class=\"_ _0\"></span>outes les autres d\u00e9penses, y c<span class=\"_ _1\"></span>ompris celles li\u00e9es \u00e0 un goodwill ou des marques g\u00e9n\u00e9r\u00e9es en interne, sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat lorsqu'elles sont engag\u00e9es.<span class=\"_ _8\"></span> C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. 5.<span class=\"_ _1\"></span>11 Biens immobiliers de placements Les biens immobiliers de placements, y c<span class=\"_ _1\"></span>ompris les terrains, sont d\u00e9t<span class=\"_ _1\"></span>enus par Cenergy Holdings pour la per<span class=\"_ _1\"></span>ception de loy<span class=\"_ _1\"></span>ers ou la r\u00e9alisation de plus-v<span class=\"_ _1\"></span>alues et ne sont pas utilis\u00e9s par le propri\u00e9tair<span class=\"_ _1\"></span>e. Les biens immobiliers de placements sont comptabilis\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt historique, d\u00e9duction f<span class=\"_ _1\"></span>aite de l'amortissement. Lorsque les v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables des biens immobiliers de placements e<span class=\"_ _1\"></span>xc\u00e8dent leur v<span class=\"_ _1\"></span>aleur rec<span class=\"_ _1\"></span>ouvrable, la diff\u00e9r<span class=\"_ _1\"></span>ence (d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion)<span class=\"_ _8\"></span> est dir<span class=\"_ _1\"></span>ectement comptabilis\u00e9e en r\u00e9sultat comme une char<span class=\"_ _1\"></span>ge. Les r<span class=\"_ _1\"></span>eprises de perte de valeur d\u00e9j\u00e0 c<span class=\"_ _1\"></span>onstat\u00e9es sont<span class=\"_ _8\"></span> \u00e9galement comptabilis\u00e9es en r\u00e9sultat c<span class=\"_ _1\"></span>omme un produit. Les terr<span class=\"_ _1\"></span>ains ne sont pas amortis. Les immeubles sont amortis selon la m\u00e9thode lin\u00e9aire<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>12 T<span class=\"_ _1\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie<span class=\"_ _8\"></span> Aux fins de la pr\u00e9sentation dans l'\u00e9tat des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie, la tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie compr<span class=\"_ _1\"></span>ennent les liquidit\u00e9s et les d\u00e9p\u00f4ts bancaires \u00e0 vue. 5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> B. Actifs non financiers \u00c0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e, Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s examinent les v<span class=\"_ _1\"></span>aleurs comptables de leurs actifs non financiers (autres que les s<span class=\"_ _1\"></span>tocks et les passifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s), afin de d\u00e9t<span class=\"_ _1\"></span>erminer toute indication de d\u00e9pr\u00e9ciation. Dans l\u2019\u00e9ventualit\u00e9 de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xistence d\u2019une t<span class=\"_ _1\"></span>elle indication, le montant recouvr<span class=\"_ _1\"></span>able de l\u2019actif ser<span class=\"_ _1\"></span>a estim\u00e9. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.Pour les autr<span class=\"_ _1\"></span>es actifs, la valeur c<span class=\"_ _1\"></span>omptable augment\u00e9e en raison de la r<span class=\"_ _1\"></span>eprise d\u2019une r\u00e9duction de valeur ne doit pas \u00eatre sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable qui aurait \u00e9t\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, nette des amortissements, si aucune r\u00e9duction de valeur n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait \u00e9t\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9e. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings incluent aussi, dans leur re<span class=\"_ _1\"></span>vue des montants recouvr<span class=\"_ _1\"></span>ables, des hypoth\u00e8ses li\u00e9es aux cons\u00e9quences du changement clima<span class=\"_ _1\"></span>tique.5.<span class=\"_ _1\"></span>14 Locations Au d\u00e9but d'un contr<span class=\"_ _1\"></span>at, le Groupe \u00e9v<span class=\"_ _1\"></span>alue si un contra<span class=\"_ _1\"></span>t est ou contient un contr<span class=\"_ _1\"></span>at de location. Un contr<span class=\"_ _1\"></span>at est ou<span class=\"_ _8\"></span> contient un contr<span class=\"_ _1\"></span>at de location s'il conf\u00e8r<span class=\"_ _1\"></span>e le droit de contr\u00f4ler l'utilisa<span class=\"_ _1\"></span>tion d'un bien d\u00e9termin\u00e9 pour un certain temps mo<span class=\"_ _1\"></span>yennant une c<span class=\"_ _1\"></span>ontrepartie. Pour d\u00e9terminer si un c<span class=\"_ _1\"></span>ontrat c<span class=\"_ _1\"></span>onf\u00e8re le droit de c<span class=\"_ _1\"></span>ontr\u00f4ler l'utilisation d'un actif<span class=\"_ _8\"></span> identifi\u00e9, le Groupe utilise la d\u00e9finition du c<span class=\"_ _1\"></span>ontrat de location de la norme IFRS 16. Comptabilisation des contr<span class=\"_ _1\"></span>ats de location en tant que preneur Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent divers bur<span class=\"_ _1\"></span>eaux, entrep\u00f4ts, machines et v\u00e9hicules. Les c<span class=\"_ _1\"></span>ontrats de location sont g\u00e9n\u00e9ralement \u00e9tablis pour des p\u00e9riodes fix<span class=\"_ _1\"></span>es de 1 \u00e0 5 ans. Les termes des c<span class=\"_ _1\"></span>ontrats de location sont n\u00e9goci\u00e9s au cas par cas et contiennent un lar<span class=\"_ _1\"></span>ge \u00e9ventail de termes et c<span class=\"_ _1\"></span>onditions diff\u00e9rents. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise un droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 et une obligation locative<span class=\"_ _1\"></span>, \u00e0 la date du d\u00e9but de la location. Le dr<span class=\"_ _1\"></span>oit d'utilisation de l\u2019actif est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt, qui compr<span class=\"_ _1\"></span>end le montant initial de<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>obligation de location ajust\u00e9 pour tout paiement de lo<span class=\"_ _1\"></span>yer eff<span class=\"_ _1\"></span>ectu\u00e9 \u00e0 la date d'entr\u00e9e en vigueur ou av<span class=\"_ _1\"></span>ant, plus tous les co\u00fbts dir<span class=\"_ _1\"></span>ects initiaux encourus et une estimation des co\u00fbts de d\u00e9mant\u00e8lement et de r<span class=\"_ _1\"></span>etrait de l'actif sous-jac<span class=\"_ _1\"></span>ent<span class=\"_ _8\"></span> ou de res<span class=\"_ _1\"></span>tauration de l'actif sous-jacent ou du sit<span class=\"_ _1\"></span>e sur lequel il se trouv<span class=\"_ _1\"></span>e, d\u00e9duction faire des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location re\u00e7us. Par la suite<span class=\"_ _1\"></span>, ils sont \u00e9valu\u00e9s au co\u00fbt d\u00e9duction f<span class=\"_ _1\"></span>aite des amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>, et ajust\u00e9s en vue de la r\u00e9\u00e9valuation de l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e. Le dr<span class=\"_ _1\"></span>oit d\u2019utilisation de l\u2019actif lou\u00e9 est amorti selon la m\u00e9thode lin\u00e9aire depuis la dat<span class=\"_ _1\"></span>e du d\u00e9but de la location jusqu\u2019\u00e0 la fin de celle-ci, \u00e0 moins que la location ne tr<span class=\"_ _1\"></span>ansf\u00e8re au Groupe la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l\u2019actif sous-jacent \u00e0 la fin de la loca<span class=\"_ _1\"></span>tion ou que le co\u00fbt du droit d\u2019utilisation sur l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 ne<span class=\"_ _8\"></span> refl\u00e8t<span class=\"_ _1\"></span>e le fait que le Groupe e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cera une option d\u2019<span class=\"_ _1\"></span>achat. Dans ce cas, le dr<span class=\"_ _1\"></span>oit d\u2019utilisation sur l\u2019actif lou\u00e9 sera amorti au fil de la dur\u00e9e d\u2019utilit\u00e9 de l\u2019actif sous-jac<span class=\"_ _1\"></span>ent qui est d\u00e9termin\u00e9e de la m\u00eame fa\u00e7on que c<span class=\"_ _1\"></span>elle des propri\u00e9t\u00e9s et des \u00e9quipements. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actualis\u00e9e des paiements de lo<span class=\"_ _1\"></span>yers suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les paiements fix<span class=\"_ _1\"></span>es (y compris les paiements fix<span class=\"_ _1\"></span>es en substance<span class=\"_ _1\"></span>), d\u00e9duction faite des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>paiements de lo<span class=\"_ _1\"></span>yers v<span class=\"_ _1\"></span>ariables qui sont fonction d\u2019un indice ou d\u2019un taux ; \u2022 <span class=\"_ _20\"> </span>sommes que le pr<span class=\"_ _1\"></span>eneur s'attend \u00e0 de<span class=\"_ _1\"></span>voir pa<span class=\"_ _1\"></span>yer au titr<span class=\"_ _1\"></span>e de garanties de valeur r\u00e9siduelle ; \u2022 <span class=\"_ _20\"> </span>prix d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice de l\u2019<span class=\"_ _1\"></span>option d\u2019achat que le pr<span class=\"_ _1\"></span>eneur a la certitude raisonnable d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer<span class=\"_ _1\"></span>, et \u2022 <span class=\"_ _20\"> </span>p\u00e9nalit\u00e9s e<span class=\"_ _1\"></span>xig\u00e9es en cas de r\u00e9siliation du contr<span class=\"_ _1\"></span>at de location, si la dur\u00e9e du contr<span class=\"_ _1\"></span>at de location refl\u00e8te l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice par le preneur de c<span class=\"_ _1\"></span>ette option. Ces paiements sont actualis\u00e9s en utilisant le taux d'int\u00e9r\u00eat implicite dans le c<span class=\"_ _1\"></span>ontrat de location ou, si c<span class=\"_ _1\"></span>e taux ne peut<span class=\"_ _8\"></span> pas \u00eatre f<span class=\"_ _1\"></span>acilement d\u00e9termin\u00e9, le taux d'emprunt marginal de la c<span class=\"_ _1\"></span>omposante conclue dans le contr<span class=\"_ _1\"></span>at de location. En g\u00e9n\u00e9ral, C<span class=\"_ _1\"></span>energy Holdings utilise son taux d'emprunt marginal c<span class=\"_ _1\"></span>omme taux d'actualisation.<span class=\"_ _8\"></span> Il s\u2019agit du taux que le pr<span class=\"_ _1\"></span>eneur<span class=\"_ _1\"></span>, c'est-\u00e0-dir<span class=\"_ _1\"></span>e, chacune des filiales de Cenergy Holdings, aur<span class=\"_ _1\"></span>ait \u00e0 verser \u00e0 la dat<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> d\u00e9but de la location pour un emprunt de dur\u00e9e similaire et a<span class=\"_ _1\"></span>vec une gar<span class=\"_ _1\"></span>antie similaire, pour obt<span class=\"_ _1\"></span>enir un actif de<span class=\"_ _8\"></span> valeur similair<span class=\"_ _1\"></span>e au droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif, dans un en<span class=\"_ _1\"></span>vironnement \u00e9c<span class=\"_ _1\"></span>onomique similaire. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est ult\u00e9rieur<span class=\"_ _1\"></span>ement augment\u00e9e par les charges d\u2019int\u00e9r\u00eats sur l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e et r\u00e9duite en fonction des paiements de lo<span class=\"_ _1\"></span>yers effectu\u00e9s. Elle es<span class=\"_ _1\"></span>t r\u00e9\u00e9valu\u00e9e s\u2019il survient un changement qui n\u2019<span class=\"_ _1\"></span>est pas comptabilis\u00e9 comme contr<span class=\"_ _1\"></span>at de location s\u00e9par\u00e9, lorsqu\u2019il y a un changement dans les paiements de lo<span class=\"_ _1\"></span>yers futurs en r<span class=\"_ _1\"></span>aison d\u2019une<span class=\"_ _8\"></span> variation de l\u2019indic<span class=\"_ _1\"></span>e ou de taux, un changement dans le montant estim\u00e9 dev<span class=\"_ _1\"></span>ant \u00eatre pa<span class=\"_ _1\"></span>y\u00e9 au titre d\u2019une garantie de valeur r\u00e9siduelle<span class=\"_ _1\"></span>, et de changements dans l\u2019es<span class=\"_ _1\"></span>timation de savoir si une option d\u2019<span class=\"_ _1\"></span>achat ou de prolongation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> raisonnablement c<span class=\"_ _1\"></span>ertaine d\u2019\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9e ou si une option de r\u00e9siliation est raisonnablement certaine de ne pas \u00eatr<span class=\"_ _1\"></span>e ex<span class=\"_ _1\"></span>erc\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas s\u00e9parer les composant<span class=\"_ _1\"></span>es non locatives des composant<span class=\"_ _1\"></span>es locatives. Les obligations locativ<span class=\"_ _1\"></span>es et les actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation sont pr\u00e9sent\u00e9s s\u00e9par\u00e9ment dans l\u2019\u00e9tat de la situation financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de pr\u00e9senter les int\u00e9r\u00eats vers\u00e9s au titr<span class=\"_ _1\"></span>e des obligations locatives dans l'\u00e9ta<span class=\"_ _1\"></span>t consolid\u00e9 des<span class=\"_ _8\"></span> flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, \u00e0 la ligne \u00ab int\u00e9r\u00eats vers\u00e9s \u00bb des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Contr<span class=\"_ _1\"></span>ats de location \u00e0 court terme et c<span class=\"_ _1\"></span>ontrats de location d'actifs de faible v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> Les paiements associ\u00e9s \u00e0 des baux \u00e0 c<span class=\"_ _1\"></span>ourt terme et \u00e0 des baux d'actifs de faible v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9s de fa\u00e7on lin\u00e9aire \u00e0 titr<span class=\"_ _1\"></span>e de charges en b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es ou en pertes. Les baux \u00e0 court terme sont des baux d'une dur\u00e9e de 12 mois ou moins. Les actifs de faible v<span class=\"_ _1\"></span>aleur incluent l\u2019\u00e9quipement informatique, de petits \u00e9l\u00e9ments d'\u00e9quipement de bur<span class=\"_ _1\"></span>eau<span class=\"_ _8\"></span> et autre<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent des bureaux administr<span class=\"_ _1\"></span>atifs et des entrep\u00f4ts via la soci\u00e9t\u00e9 m\u00e8r<span class=\"_ _1\"></span>e ultime<span class=\"_ _8\"></span> Viohalc<span class=\"_ _1\"></span>o S.A. et d'autres soci\u00e9t\u00e9s li\u00e9es. T<span class=\"_ _0\"></span>ous les contr<span class=\"_ _1\"></span>ats pour les bureaux administr<span class=\"_ _1\"></span>atifs et les entrep\u00f4ts n'incluent pas de clauses de p\u00e9nalit\u00e9 de r\u00e9siliation anticip\u00e9e et sont r\u00e9siliables \u00e0 tout moment. Pour c<span class=\"_ _1\"></span>ette raison, t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>ats intersoci\u00e9t\u00e9s pour les bureaux adminis<span class=\"_ _1\"></span>tratifs et les entr<span class=\"_ _1\"></span>ep\u00f4ts sont consid\u00e9r\u00e9s comme des contr<span class=\"_ _1\"></span>ats \u00e0 court terme et Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les paiements de location associ\u00e9s \u00e0 ces contr<span class=\"_ _1\"></span>ats comme des d\u00e9penses direct<span class=\"_ _1\"></span>es sur la dur\u00e9e du contrat de loca<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements Le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu de location est comptabilis\u00e9 comme un autr<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>venu sur une base lin\u00e9air<span class=\"_ _1\"></span>e pendant la dur\u00e9e de location.<span class=\"_ _8\"></span> Les incitations \u00e0 la location ac<span class=\"_ _1\"></span>cord\u00e9es sont c<span class=\"_ _1\"></span>omptabilis\u00e9es comme partie int\u00e9grante du r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu locatif total, sur la dur\u00e9e de location. 5.<span class=\"_ _1\"></span>15 Instruments financiers A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation initiale<span class=\"_ _8\"></span> Les cr\u00e9ances clients sont initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es \u00e0 leur valeur d\u2019<span class=\"_ _1\"></span>origine. T<span class=\"_ _0\"></span>ous les autr<span class=\"_ _1\"></span>es actifs et passifs<span class=\"_ _8\"></span> financiers sont initialement comptabilis\u00e9s lorsque Cener<span class=\"_ _1\"></span>gy Holdings devient partie aux dispositions c<span class=\"_ _1\"></span>ontractuelles de l'instrument. Un actif financier (sauf s'il s'agit d'une cr\u00e9ance client sans c<span class=\"_ _1\"></span>omposante financi\u00e8re important<span class=\"_ _1\"></span>e qui est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction) est initialement \u00e9valu\u00e9 \u00e0 la jus<span class=\"_ _1\"></span>te valeur plus, pour un \u00e9l\u00e9ment non c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0<span class=\"_ _8\"></span> la juste v<span class=\"_ _1\"></span>aleur par le biais du r\u00e9sultat net, les co\u00fbts de tr<span class=\"_ _1\"></span>ansaction directement attribuables \u00e0 son ac<span class=\"_ _1\"></span>quisition. Une<span class=\"_ _8\"></span> cr\u00e9ance client sans \u00e9l\u00e9ment de financement significa<span class=\"_ _1\"></span>tif est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> B. Classification et \u00e9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure Actifs financiers Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span> La classification des actifs financiers n\u2019<span class=\"_ _1\"></span>est pas modifi\u00e9e apr\u00e8s leur comptabilisa<span class=\"_ _1\"></span>tion initiale sauf si Cenergy Holdings change son mod\u00e8le \u00e9conomique conc<span class=\"_ _1\"></span>ernant la gestion des actifs financiers, auquel cas l\u2019<span class=\"_ _1\"></span>ensemble des actifs<span class=\"_ _8\"></span> financiers concern\u00e9s es<span class=\"_ _1\"></span>t retr<span class=\"_ _1\"></span>ait\u00e9 au premier jour de la premi\u00e8r<span class=\"_ _1\"></span>e p\u00e9riode comptable suiv<span class=\"_ _1\"></span>ant le changement de<span class=\"_ _8\"></span> mod\u00e8le \u00e9conomique. Un actif financier est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti s\u2019il remplit les deux c<span class=\"_ _1\"></span>onditions suivantes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la just<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il r<span class=\"_ _1\"></span>el\u00e8ve d\u2019un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l\u2019objectif es<span class=\"_ _1\"></span>t de d\u00e9tenir des actifs pour en collecter les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>actuels ; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles pr\u00e9v<span class=\"_ _1\"></span>oient, \u00e0 des dates sp\u00e9cifi\u00e9es, des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie uniquement constitu\u00e9s de paiements de principal et d\u2019int\u00e9r\u00eats sur le montant principal res<span class=\"_ _1\"></span>tant d\u00fb.<span class=\"_ _8\"></span> Un instrument de dette es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 en just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global s\u2019il r<span class=\"_ _1\"></span>emplit les deux conditions suiv<span class=\"_ _1\"></span>antes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il es<span class=\"_ _1\"></span>t d\u00e9tenu dans le cadre d'un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l'objectif est atteint \u00e0 la fois par la c<span class=\"_ _1\"></span>ollecte de flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels et la v<span class=\"_ _1\"></span>ente d'actifs financiers; et \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles donnent lieu \u00e0 des dat<span class=\"_ _1\"></span>es sp\u00e9cifi\u00e9es \u00e0 des flux de tr\u00e9sorerie qui sont uniquement constitu\u00e9s de paiements du principal et d'int\u00e9r\u00eats sur le montant principal r<span class=\"_ _1\"></span>estant d\u00fb. Lors de la comptabilisation initiale d'un titr<span class=\"_ _1\"></span>e de capitaux propr<span class=\"_ _1\"></span>es qui n'est pas d\u00e9tenu \u00e0 des fins de tr<span class=\"_ _1\"></span>ansaction,<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings peut irr\u00e9vocablement choisir de pr\u00e9senter les v<span class=\"_ _1\"></span>ariations ult\u00e9rieures de la just<span class=\"_ _1\"></span>e valeur du titr<span class=\"_ _1\"></span>e dans<span class=\"_ _8\"></span> les autres \u00e9l\u00e9ments du r\u00e9sultat global. C<span class=\"_ _1\"></span>e choix est effectu\u00e9 inv<span class=\"_ _1\"></span>estissement-par-in<span class=\"_ _1\"></span>vestissement. T<span class=\"_ _0\"></span>ous les actifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus aux fins de couvertur<span class=\"_ _1\"></span>e) qui ne sont pas class\u00e9s c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti ou selon la m\u00e9thode ci-dessus sont \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat. Lors de la comptabilisa<span class=\"_ _1\"></span>tion initiale, Cenergy Holdings peut irr\u00e9v<span class=\"_ _1\"></span>ocablement d\u00e9signer un actif financier \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat alors qu\u2019il r\u00e9pond aux crit\u00e8r<span class=\"_ _1\"></span>es pour \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti ou \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global d\u00e8s lors que c<span class=\"_ _1\"></span>e traitement \u00e9limine ou r\u00e9duit significativ<span class=\"_ _1\"></span>ement une non-concor<span class=\"_ _1\"></span>dance comptable qui sinon surviendrait. Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation du mod\u00e8le \u00e9conomique Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value l\u2019<span class=\"_ _1\"></span>objectif du mod\u00e8le \u00e9conomique dont rel\u00e8v<span class=\"_ _1\"></span>e un actif financier au niv<span class=\"_ _1\"></span>eau d\u2019un portefeuille, car c\u2019es<span class=\"_ _1\"></span>t l\u00e0 le meilleur reflet de la gestion de l\u2019<span class=\"_ _1\"></span>entreprise et du mode de pr\u00e9senta<span class=\"_ _1\"></span>tion des informations \u00e0 la Direction. Les transf<span class=\"_ _1\"></span>erts d\u2019actifs financiers \u00e0 des tiers dans des transactions qui ne donnent pas lieu \u00e0 d\u00e9c<span class=\"_ _1\"></span>omptabilisation ne sont pas<span class=\"_ _8\"></span> consid\u00e9r\u00e9s comme une v<span class=\"_ _1\"></span>ente \u00e0 c<span class=\"_ _1\"></span>ette fin, conform\u00e9ment \u00e0 la r<span class=\"_ _1\"></span>econnaissance c<span class=\"_ _1\"></span>ontinue des actifs par le Groupe. Actifs financiers- D\u00e9t<span class=\"_ _1\"></span>erminer si les flux de tr\u00e9sorerie contractuels sont uniquement des r<span class=\"_ _1\"></span>emboursements de principal et<span class=\"_ _8\"></span> des versements d\u2019int\u00e9r\u00eats: Aux fins de la pr\u00e9sente \u00e9v<span class=\"_ _1\"></span>aluation, le \u00ab principal \u00bb est d\u00e9fini comme la jus<span class=\"_ _1\"></span>te valeur de l'actif financier lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es \u00ab int\u00e9r\u00eats \u00bb sont d\u00e9finis comme une contr<span class=\"_ _1\"></span>epartie de la valeur temps de l'ar<span class=\"_ _1\"></span>gent et du<span class=\"_ _8\"></span> risque de cr\u00e9dit associ\u00e9 au principal r<span class=\"_ _1\"></span>estant d\u00fb pendant une p\u00e9riode donn\u00e9e, ainsi qu'\u00e0 d'autres risques et c<span class=\"_ _1\"></span>o\u00fbts de<span class=\"_ _8\"></span> pr\u00eat de base (tels que le risque de liquidit\u00e9 et les fr<span class=\"_ _1\"></span>ais administratifs<span class=\"_ _1\"></span>), tout en ajoutant une marge b\u00e9n\u00e9ficiair<span class=\"_ _1\"></span>e. Pour d\u00e9terminer si les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contractuels sont uniquement des paiements de capital et d'int\u00e9r\u00eats, C<span class=\"_ _1\"></span>energy Holdings tient compte des modalit\u00e9s c<span class=\"_ _1\"></span>ontractuelles de l'instrument. C<span class=\"_ _1\"></span>ela inclut d\u2019\u00e9valuer si l\u2019actif financier c<span class=\"_ _1\"></span>ontient<span class=\"_ _8\"></span> une dur\u00e9e contr<span class=\"_ _1\"></span>actuelle susceptible de modifier le calendrier ou le montant des flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels de telle sorte qu\u2019il ne r<span class=\"_ _1\"></span>emplisse pas cett<span class=\"_ _1\"></span>e condition. Dans le cadre de c<span class=\"_ _1\"></span>ette \u00e9valua<span class=\"_ _1\"></span>tion, Cenergy Holdings consid\u00e8r<span class=\"_ _1\"></span>e :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les \u00e9v\u00e9nements c<span class=\"_ _1\"></span>ontingents susceptibles de modifier le montant ou le calendrier des flux de tr\u00e9sorerie; \u2022 <span class=\"_ _20\"> </span>les conditions susc<span class=\"_ _1\"></span>eptibles d\u2019ajuster le taux du c<span class=\"_ _1\"></span>oupon contractuel, y c<span class=\"_ _1\"></span>ompris les caract\u00e9ristiques de taux v<span class=\"_ _1\"></span>ariable ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les car<span class=\"_ _1\"></span>act\u00e9ristiques de paiement anticip\u00e9 et de prolonga<span class=\"_ _1\"></span>tion; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les c<span class=\"_ _1\"></span>onditions qui limitent le droit \u00e0 se pr\u00e9v<span class=\"_ _1\"></span>aloir des flux de tr\u00e9sorerie sur c<span class=\"_ _1\"></span>ertains actifs (par ex<span class=\"_ _1\"></span>emple, absence de rec<span class=\"_ _1\"></span>ours possible). Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure et comp<span class=\"_ _1\"></span>tabilisation des gains et des pertes  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat. Actifs financiers au c<span class=\"_ _1\"></span>o\u00fbt amorti  <span class=\"_ _7d\"> </span> <span class=\"_ _38\"></span>Ces actifs sont ult\u00e9rieurement \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le co\u00fbt amorti est minor\u00e9 des pert<span class=\"_ _1\"></span>es de d\u00e9pr\u00e9ciation. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats, les gains et pertes de change et les d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _0\"></span>out gain ou perte sur une d\u00e9comptabilisation es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat. Instruments de dettes \u00e0 la just<span class=\"_ _1\"></span>e  <span class=\"_ _7e\"> </span> valeur par le biais des autr<span class=\"_ _1\"></span>es  <span class=\"_ _44\"> </span> \u00e9l\u00e9ments du r\u00e9sultat global  <span class=\"_ _7f\"> </span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats,  calcul\u00e9s selon la m\u00e9thode du taux d\u2019int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>, les gains et pertes de change et les <span class=\"_ _7b\"></span>  <span class=\"_ _38\"></span><span class=\"ff19\">d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. Les autres gains et pert<span class=\"_ _1\"></span>es nets </span>sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global. Lors de la d\u00e9comptabilisation, les gains et pertes cumul\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global sont retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Inv<span class=\"_ _1\"></span>estissements en capitaux  <span class=\"_ _34\"> </span> propres \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le  <span class=\"_ _80\"> </span> biais des autres \u00e9l\u00e9ments du   <span class=\"_ _55\"> </span> r\u00e9sultat global <span class=\"_ _81\"> </span> <span class=\"_ _7c\"> </span>Ces actifs sont ult\u00e9rieur<span class=\"_ _1\"></span>ement \u00e9valu\u00e9s \u00e0 leur just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. Les dividendes sont <span class=\"ff19\">comptabilis\u00e9s en pr<span class=\"_ _1\"></span>oduits au compte de r\u00e9sultat sauf si le dividende repr\u00e9sent<span class=\"_ _1\"></span>e </span><span class=\"ff19\">clairement une r<span class=\"_ _1\"></span>eprise d\u2019une partie du co\u00fbt de l\u2019inv<span class=\"_ _1\"></span>estissement. Les autres gains et </span><span class=\"ff19\">pertes nets sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et ne sont</span>jamais retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C. D\u00e9comptabilisation Actifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un actif financier quand :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les dr<span class=\"_ _1\"></span>oits contr<span class=\"_ _1\"></span>actuels sur les flux de tr\u00e9sorerie de l'actif financier expir<span class=\"_ _1\"></span>ent; ou \u2022 <span class=\"_ _20\"> </span>il tr<span class=\"_ _1\"></span>ansf\u00e8re les dr<span class=\"_ _1\"></span>oits de rece<span class=\"_ _1\"></span>voir les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contr<span class=\"_ _1\"></span>actuels dans une transaction : - <span class=\"_ _6a\"> </span>dans laquelle la quasi-totalit\u00e9 des risques et a<span class=\"_ _1\"></span>vantages de la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l'actif financier est transf\u00e9r\u00e9e ; ou - <span class=\"_ _6a\"> </span>dans lequel Cener<span class=\"_ _1\"></span>gy Holdings ne transf\u00e8r<span class=\"_ _1\"></span>e ni ne conserve la quasi-t<span class=\"_ _1\"></span>otalit\u00e9 des risques et des avantages de la propri\u00e9t\u00e9 et ne c<span class=\"_ _1\"></span>onserve pas le contr\u00f4le de l'actif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings conclut des transactions dans lesquelles elle tr<span class=\"_ _1\"></span>ansf\u00e8re des actifs comptabilis\u00e9s dans son \u00e9tat de situation financi\u00e8re<span class=\"_ _1\"></span>, mais conserve t<span class=\"_ _1\"></span>out ou une part substantielle de l\u2019<span class=\"_ _1\"></span>ensemble des risques et avantages sur les actifs transf\u00e9r\u00e9s. Dans c<span class=\"_ _1\"></span>e cas, les actifs transf\u00e9r\u00e9s ne sont pas d\u00e9comptabilis\u00e9s. Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. 5.<span class=\"_ _1\"></span>16 Capital social<span class=\"_ _8\"></span> Les capitaux pr<span class=\"_ _1\"></span>opres se composent d\u2019<span class=\"_ _1\"></span>actions ordinaires. Les co\u00fbts additionnels dir<span class=\"_ _1\"></span>ectement attribuables \u00e0 l\u2019\u00e9mission d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es sont comptabilis\u00e9s en d\u00e9duction des capitaux propr<span class=\"_ _1\"></span>es. L<span class=\"_ _1\"></span>\u2019imp\u00f4t sur le r\u00e9sultat li\u00e9 aux co\u00fbts de transaction d\u2019une tr<span class=\"_ _1\"></span>ansaction sur les capitaux propr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> est comptabilis\u00e9 en capitaux pr<span class=\"_ _1\"></span>opres (<span class=\"_ _1\"></span>cf<span class=\"_ _1\"></span>. note 5.7). 5.<span class=\"_ _1\"></span>17 Pro<span class=\"_ _1\"></span>visions<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>ovisions sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es en actualisant les flux de tr\u00e9sorerie futurs attendus \u00e0 un taux a<span class=\"_ _1\"></span>vant imp\u00f4t. Le taux d\u2019actualisation utilis\u00e9 pour d\u00e9t<span class=\"_ _1\"></span>erminer la valeur actualis\u00e9e r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9, de la valeur actualis\u00e9e de l\u2019ar<span class=\"_ _1\"></span>gent et les risques sp\u00e9cifiques \u00e0 l\u2019<span class=\"_ _1\"></span>obligation.<span class=\"_ _8\"></span> Des pro<span class=\"_ _1\"></span>visions sont enregis<span class=\"_ _1\"></span>tr\u00e9es dans les cas suivants : i. <span class=\"_ _2c\"> </span>Il exist<span class=\"_ _1\"></span>e une obligation juridique ou implicite r\u00e9sultant d\u2019\u00e9v\u00e9nements ant\u00e9rieurs. ii. <span class=\"_ _72\"> </span>Il est pr<span class=\"_ _1\"></span>obable qu\u2019un paiement soit effectu\u00e9 pour r\u00e9gler l\u2019<span class=\"_ _1\"></span>obligation.<span class=\"_ _8\"></span> iii. <span class=\"_ _5\"> </span>Le montant du paiement en ques<span class=\"_ _1\"></span>tion peut \u00eatre estim\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e fiable.<span class=\"_ _8\"></span> Des pro<span class=\"_ _1\"></span>visions pour les d\u00e9cisions de justice en ins<span class=\"_ _1\"></span>tance sont comptabilis\u00e9es lorsqu\u2019il est plus que pr<span class=\"_ _1\"></span>obable qu\u2019il<span class=\"_ _8\"></span> exis<span class=\"_ _1\"></span>te une obligation r\u00e9sultant de ce litige et qu\u2019un paiement \u00e0 cet \u00e9gar<span class=\"_ _1\"></span>d est pr<span class=\"_ _1\"></span>obable selon l\u2019\u00e9valuation d\u2019un tiers. Des pro<span class=\"_ _1\"></span>visions de garantie d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e sont comptabilis\u00e9es lorsque le produit est v<span class=\"_ _1\"></span>endu et selon l\u2019<span class=\"_ _1\"></span>exp\u00e9rience ant\u00e9rieure (pr<span class=\"_ _1\"></span>obabilit\u00e9 que les produits v<span class=\"_ _1\"></span>endus aient besoin d\u2019\u00eatre r<span class=\"_ _1\"></span>emplac\u00e9s). L<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>timation initiale des co\u00fbts associ\u00e9s \u00e0 la gar<span class=\"_ _1\"></span>antie est re<span class=\"_ _1\"></span>vue tous les ans. Des pro<span class=\"_ _1\"></span>visions pour res<span class=\"_ _1\"></span>tructuration sont comptabilis\u00e9es uniquement lorsque Cener<span class=\"_ _1\"></span>gy Holdings est tenue par une obligation implicite, \u00e0 sa<span class=\"_ _1\"></span>voir lorsqu\u2019un plan officiel d\u00e9taill\u00e9 pr\u00e9cise l\u2019<span class=\"_ _1\"></span>activit\u00e9 ou la partie de l\u2019activit\u00e9 conc<span class=\"_ _1\"></span>ern\u00e9e,<span class=\"_ _8\"></span> le site et le nombr<span class=\"_ _1\"></span>e de collaborat<span class=\"_ _1\"></span>eurs concern\u00e9s, une estimation d\u00e9taill\u00e9e des c<span class=\"_ _1\"></span>o\u00fbts associ\u00e9s et un calendrier appropri\u00e9, et que les c<span class=\"_ _1\"></span>ollaborateurs c<span class=\"_ _1\"></span>oncern\u00e9s ont \u00e9t\u00e9 inform\u00e9s des principales modalit\u00e9s du plan en question ou que la soci\u00e9t\u00e9 a d\u00e9j\u00e0 commenc\u00e9 \u00e0 d\u00e9plo<span class=\"_ _1\"></span>yer le plan. Une pro<span class=\"_ _1\"></span>vision pour contr<span class=\"_ _1\"></span>ats on\u00e9reux est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actuelle des co\u00fbts les plus bas entr<span class=\"_ _1\"></span>e les co\u00fbts att<span class=\"_ _1\"></span>endus<span class=\"_ _8\"></span> de l\u2019<span class=\"_ _1\"></span>ex\u00e9cution du contr<span class=\"_ _1\"></span>at et le co\u00fbt d\u00e9c<span class=\"_ _1\"></span>oulant de l\u2019inex\u00e9cution du contr<span class=\"_ _1\"></span>at. A<span class=\"_ _1\"></span>vant de cons<span class=\"_ _1\"></span>tituer la pro<span class=\"_ _1\"></span>vision, Cenergy Holdings comptabilise tout<span class=\"_ _1\"></span>e perte de d\u00e9pr\u00e9ciation sur les actifs li\u00e9s au contr<span class=\"_ _1\"></span>at. 5.<span class=\"_ _1\"></span>18 R\u00e9sultat par action Cener<span class=\"_ _1\"></span>gy Holdings pr\u00e9sente un r\u00e9sultat par action simple et un r\u00e9sultat par action dilu\u00e9. Le r\u00e9sultat par action simple est calcul\u00e9 en divisant le r\u00e9sultat net attribuable aux d\u00e9t<span class=\"_ _1\"></span>enteurs d\u2019actions or<span class=\"_ _1\"></span>dinaires de la Soci\u00e9t\u00e9 par le nombr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9 d\u2019actions en cir<span class=\"_ _1\"></span>culation \u00e0 chaque p\u00e9riode. Le r\u00e9sultat par action dilu\u00e9 est d\u00e9fini en c<span class=\"_ _1\"></span>orrigeant le r\u00e9sultat attribuable aux d\u00e9tenteurs d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es de la<span class=\"_ _8\"></span> Soci\u00e9t\u00e9 et le nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>actions en circulation de l\u2019impact d\u2019une \u00e9v<span class=\"_ _1\"></span>entuelle conv<span class=\"_ _1\"></span>ersion de toutes les obligations con<span class=\"_ _1\"></span>vertibles et st<span class=\"_ _1\"></span>ock-options distribu\u00e9es au personnel. 5.<span class=\"_ _1\"></span>19 R\u00e9sultat op\u00e9rationnel Le r\u00e9sultat op\u00e9r<span class=\"_ _1\"></span>ationnel est le r\u00e9sultat g\u00e9n\u00e9r\u00e9 par les activit\u00e9s principales g\u00e9n\u00e9ra<span class=\"_ _1\"></span>trices de re<span class=\"_ _1\"></span>venus de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings ainsi que les autres r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges li\u00e9s aux activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles. Le r\u00e9sultat op\u00e9ra<span class=\"_ _1\"></span>tionnel ex<span class=\"_ _1\"></span>clut les<span class=\"_ _8\"></span> co\u00fbts financiers nets, la quote-part du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s mises en \u00e9quivalence et l\u2019imp\u00f4t sur le r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> 5.20 \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur La \u00ab juste v<span class=\"_ _1\"></span>aleur \u00bb est le prix qui serait per\u00e7u en c<span class=\"_ _1\"></span>ontrepartie de la v<span class=\"_ _1\"></span>ente d\u2019un actif ou qui serait pa<span class=\"_ _1\"></span>y\u00e9 pour transf\u00e9r<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> une dette dans le cadr<span class=\"_ _1\"></span>e d\u2019une transaction or<span class=\"_ _1\"></span>donn\u00e9e entre des participants du march\u00e9, \u00e0 la da<span class=\"_ _1\"></span>te d\u2019\u00e9valuation sur le march\u00e9 principal ou, \u00e0 d\u00e9f<span class=\"_ _1\"></span>aut, sur le march\u00e9 le plus av<span class=\"_ _1\"></span>antageux auquel Cenergy Holdings a ac<span class=\"_ _1\"></span>c\u00e8s \u00e0 la date en question. La just<span class=\"_ _1\"></span>e valeur d\u2019une dette r<span class=\"_ _1\"></span>efl\u00e8te son risque de non-e<span class=\"_ _1\"></span>x\u00e9cution.<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de m\u00e9thodes comptables et d\u2019informations financi\u00e8r<span class=\"_ _1\"></span>es de Cenergy Holdings r<span class=\"_ _1\"></span>equi\u00e8rent l\u2019\u00e9valuation de la jus<span class=\"_ _1\"></span>te valeur d\u2019<span class=\"_ _1\"></span>actifs et de passifs financiers et non financiers. Lorsqu\u2019<span class=\"_ _1\"></span>elle est disponible, Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value la just<span class=\"_ _1\"></span>e valeur d\u2019un instrument sur la base de sa c<span class=\"_ _1\"></span>otation sur un<span class=\"_ _8\"></span> march\u00e9 actif<span class=\"_ _1\"></span>. Un mar<span class=\"_ _1\"></span>ch\u00e9 est consid\u00e9r\u00e9 comme \u00ab actif \u00bb si les tr<span class=\"_ _1\"></span>ansactions sur l\u2019actif ou le passif int<span class=\"_ _1\"></span>erviennent \u00e0 une<span class=\"_ _8\"></span> fr\u00e9quence et dans un v<span class=\"_ _1\"></span>olume suffisant pour fournir une information c<span class=\"_ _1\"></span>ontinue concernant son prix. S\u2019il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e pas de cotation sur un march\u00e9 actif<span class=\"_ _1\"></span>, Cener<span class=\"_ _1\"></span>gy Holdings utilise alors des techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion qui<span class=\"_ _8\"></span> s\u2019appuient sur un maximum d\u2019\u00e9l\u00e9ments observ<span class=\"_ _1\"></span>ables et un minimum d\u2019\u00e9l\u00e9ments qui ne sont pas observables. La technique d\u2019\u00e9v<span class=\"_ _1\"></span>aluation retenue int\u00e8gr<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>ensemble des facteurs que les participants du mar<span class=\"_ _1\"></span>ch\u00e9 prennent en compt<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> dans la fixation du prix d\u2019une tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> Si un actif ou un passif \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur a un c<span class=\"_ _1\"></span>ours acheteur et un cours v<span class=\"_ _1\"></span>endeur<span class=\"_ _1\"></span>, Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value alors les actifs et les positions longues au cours acheteur et les pas<span class=\"_ _1\"></span>sifs et positions courtes au cours v<span class=\"_ _1\"></span>endeur<span class=\"_ _1\"></span>. Le prix de la tr<span class=\"_ _1\"></span>ansaction constitue normalement la meilleure pr<span class=\"_ _1\"></span>euve de la jus<span class=\"_ _1\"></span>te valeur d\u2019un instrument financier lors de sa comptabilisation initiale, \u00e0 sa<span class=\"_ _1\"></span>voir la jus<span class=\"_ _1\"></span>te valeur de la contr<span class=\"_ _1\"></span>epartie pay\u00e9e ou r<span class=\"_ _1\"></span>e\u00e7ue. Si Cenergy Holdings \u00e9tablit que la juste v<span class=\"_ _1\"></span>aleur \u00e0 la comptabilisation initiale diff\u00e8r<span class=\"_ _1\"></span>e du prix de la transaction et que la juste v<span class=\"_ _1\"></span>aleur n\u2019<span class=\"_ _1\"></span>est pas attes<span class=\"_ _1\"></span>t\u00e9e par la cotation d\u2019un actif ou passif identique sur un mar<span class=\"_ _1\"></span>ch\u00e9 actif, ni ne s\u2019<span class=\"_ _1\"></span>appuie sur une technique d\u2019\u00e9valuation dont les \u00e9l\u00e9ments non observ<span class=\"_ _1\"></span>ables sont estim\u00e9s non significatifs par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019\u00e9valuation, l\u2019instrument financier est alors \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur ajus<span class=\"_ _1\"></span>t\u00e9e de la diff\u00e9rence entr<span class=\"_ _1\"></span>e la juste v<span class=\"_ _1\"></span>aleur lors de la comptabilisation initiale et le prix de la transaction. C<span class=\"_ _1\"></span>ette diff\u00e9renc<span class=\"_ _1\"></span>e est ult\u00e9rieurement comptabilis\u00e9e en r\u00e9sulta<span class=\"_ _1\"></span>t sur la dur\u00e9e de vie<span class=\"_ _8\"></span> de l\u2019instrument, tant que l\u2019\u00e9v<span class=\"_ _1\"></span>aluation rest<span class=\"_ _1\"></span>e enti\u00e8rement justifi\u00e9e par des donn\u00e9es observ<span class=\"_ _1\"></span>ables sur le march\u00e9 ou que la transaction n\u2019<span class=\"_ _1\"></span>est pas liquid\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.21 Nouvelles normes, amendements aux normes et int<span class=\"_ _1\"></span>erpr\u00e9tations<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de normes nouvelles ou modifi\u00e9es sont de<span class=\"_ _1\"></span>venues applicables pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice en cours et pour les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le Groupe a appliqu\u00e9 t<span class=\"_ _1\"></span>outes les nouvelles normes, les int<span class=\"_ _1\"></span>erpr\u00e9tations et les amendements<span class=\"_ _8\"></span> aux normes exis<span class=\"_ _1\"></span>tantes qui \u00e9taient obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois au cours de l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e commen\u00e7ant le 1 janvier 2022 et aucune des normes et int<span class=\"_ _1\"></span>erpr\u00e9tations nouvelles ou modifi\u00e9es n'a eu d'incidenc<span class=\"_ _1\"></span>e importante sur la comptabilisation et l'\u00e9v<span class=\"_ _1\"></span>aluation dans les \u00e9tats financiers consolid\u00e9s. Normes et interpr\u00e9tations applicables \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en cours<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivantes sont d\u2019<span class=\"_ _1\"></span>application obligatoir<span class=\"_ _1\"></span>e pour la premi\u00e8re f<span class=\"_ _1\"></span>ois<span class=\"_ _8\"></span> \u00e0 partir de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>omptable d\u00e9butant au 1er janvier 2022 et ont \u00e9t\u00e9 adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne :<span class=\"_ _8\"></span> Amendements aux normes IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb ; IAS 16 \u00ab Immobilisations corporelles \u00bb ; IA<span class=\"_ _1\"></span>S<span class=\"_ _8\"></span> 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations annuelles<span class=\"ff19\"> (entr\u00e9e en vigueur </span>pour les p\u00e9riodes annuelles commen\u00e7ant le 1er jan<span class=\"_ _1\"></span>vier 2022 ou apr\u00e8s) Le gr<span class=\"_ _1\"></span>oupe d\u2019amendements compr<span class=\"_ _1\"></span>end des modifications de port\u00e9e limit\u00e9e \u00e0 trois normes ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations<span class=\"_ _8\"></span> annuelles aux IFRS, qui sont des changements qui clarifient le te<span class=\"_ _1\"></span>xte ou corrigent des cons\u00e9quenc<span class=\"_ _1\"></span>es mineures, des oublis ou des conflits entr<span class=\"_ _1\"></span>e les exigences des normes. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 l'IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb<span class=\"ff19\"> mettent \u00e0 jour une r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> </span></span>dans l'IFRS 3 au cadre c<span class=\"_ _1\"></span>onceptuel d'information financi\u00e8r<span class=\"_ _1\"></span>e sans modifier les exigences c<span class=\"_ _1\"></span>omptables pour les<span class=\"_ _8\"></span> regr<span class=\"_ _1\"></span>oupements d'entreprises. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les modifications apport\u00e9es \u00e0 IAS 16 \u00ab Immobilisations c<span class=\"_ _1\"></span>orporelles \u00bb<span class=\"ff19\"> inter<span class=\"_ _1\"></span>disent \u00e0 une entreprise de d\u00e9duire </span></span>du co\u00fbt des immobilisations c<span class=\"_ _1\"></span>orporelles les montants re\u00e7us de la v<span class=\"_ _1\"></span>ente d'articles pr<span class=\"_ _1\"></span>oduits pendant qu'elle<span class=\"_ _8\"></span> pr\u00e9pare l'actif en vue de son utilisation pr\u00e9vue<span class=\"_ _1\"></span>. Au lieu de cela, une entr<span class=\"_ _1\"></span>eprise doit comptabiliser ce produit de vent<span class=\"_ _1\"></span>e et le co\u00fbt conne<span class=\"_ _1\"></span>xe dans le r\u00e9sultat. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 IAS 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb<span class=\"ff19\"> pr\u00e9cisent quels c<span class=\"_ _1\"></span>o\u00fbts<span class=\"_ _8\"></span> </span></span>une soci\u00e9t\u00e9 inclut lorsqu'elle \u00e9value si un c<span class=\"_ _1\"></span>ontrat ser<span class=\"_ _1\"></span>a on\u00e9reux. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Des am\u00e9liorations annuelles 2018-20<span class=\"_ _1\"></span>20<span class=\"ff19\"> apportent des modifications mineures \u00e0 IFRS 1 \u00ab Pr<span class=\"_ _1\"></span>emi\u00e8re adoption des </span></span>IFRS \u00bb, IFRS 9 \u00ab Instruments financiers \u00bb, IAS 4<span class=\"_ _1\"></span>1 \u00ab Agricultur<span class=\"_ _1\"></span>e \u00bb et les ex<span class=\"_ _1\"></span>emples illustratifs qui ac<span class=\"_ _1\"></span>compagnent<span class=\"_ _8\"></span> IFRS 16 \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb.<span class=\"_ _8\"></span> IFRS 16 (Amendement) \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb li\u00e9s au Covid-<span class=\"_ _1\"></span>19<span class=\"ff19\"> (en vigueur pour les p\u00e9riodes annuelles </span>commen\u00e7ant le 1 a<span class=\"_ _1\"></span>vril 2021 ou apr\u00e8s) Les amendements pr<span class=\"_ _1\"></span>olongent, d'un an, la modification de mai 2020 qui accor<span class=\"_ _1\"></span>de aux preneurs une e<span class=\"_ _1\"></span>xemption de l'\u00e9valuation de la ques<span class=\"_ _1\"></span>tion de sav<span class=\"_ _1\"></span>oir si une concession de lo<span class=\"_ _1\"></span>yer li\u00e9e \u00e0 la C<span class=\"_ _1\"></span>OVID-<span class=\"_ _1\"></span>19 est une modification de bail. En particulier<span class=\"_ _1\"></span>, la modification permet \u00e0 un pr<span class=\"_ _1\"></span>eneur d'appliquer la mesure de simplification c<span class=\"_ _1\"></span>oncernant les all\u00e9gements<span class=\"_ _8\"></span> de loy<span class=\"_ _1\"></span>er acc<span class=\"_ _1\"></span>ord\u00e9s en lien av<span class=\"_ _1\"></span>ec la CO<span class=\"_ _1\"></span>VID-19 aux all\u00e9gements de lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>er dont la r\u00e9duction concerne seulement des paiements dus initialement le 30 juin 2022 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date (plut\u00f4t qu\u2019uniquement aux paiements dus initialement le 30 juin 2021 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date). Normes et amendements applicables \u00e0 des ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>es post\u00e9rieurs<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivants ont \u00e9t\u00e9 publi\u00e9s et adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne ;<span class=\"_ _8\"></span> ils ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>ommen\u00e7ant le 1 janvier 2022. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d\u2019incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au cours des p\u00e9riodes de d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 1, \u00ab Pr\u00e9sentation des \u00e9tats financiers : Classifica<span class=\"_ _1\"></span>tion des passifs comme cour<span class=\"_ _1\"></span>ants ou<span class=\"_ _8\"></span> non-cour<span class=\"_ _1\"></span>ants \u00bb<span class=\"ff19\"> (\u00e0 compter du 01 jan<span class=\"_ _1\"></span>vier 2023), n\u2019affect<span class=\"_ _1\"></span>ent que la pr\u00e9sentation des passifs dans l\u2019\u00e9tat de la situation </span>financi\u00e8re \u2014 et non le montant ou le moment de la c<span class=\"_ _1\"></span>omptabilisation d\u2019actifs, de r<span class=\"_ _1\"></span>evenus ou de char<span class=\"_ _1\"></span>ges du passif<span class=\"_ _1\"></span>, ou<span class=\"_ _8\"></span> l\u2019information que les entit\u00e9s divulguent sur c<span class=\"_ _1\"></span>es \u00e9l\u00e9ments. Ils :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>clarifient que la clas<span class=\"_ _1\"></span>sification des passifs comme cour<span class=\"_ _1\"></span>ants ou non cour<span class=\"_ _1\"></span>ants doit \u00eatre bas\u00e9e sur les droits qui exis<span class=\"_ _1\"></span>tent \u00e0 la fin de la p\u00e9riode de reporting et aligner le libell\u00e9 dans t<span class=\"_ _1\"></span>ous les paragraphes c<span class=\"_ _1\"></span>oncern\u00e9s pour fair<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au \u00ab droit \u00bb de diff\u00e9r<span class=\"_ _1\"></span>er le r\u00e8glement d'ici \u00e0 douze mois au moins et pr\u00e9ciser que seuls les droits en vigueur \u00ab \u00e0 la fin de la p\u00e9riode de r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e \u00bb devr<span class=\"_ _1\"></span>aient affecter la classification d'un passif; \u2022 <span class=\"_ _20\"> </span>pr\u00e9cisent que la clas<span class=\"_ _1\"></span>sification n'est pas affect\u00e9e par les att<span class=\"_ _1\"></span>entes quant \u00e0 sav<span class=\"_ _1\"></span>oir si une entit\u00e9 ex<span class=\"_ _1\"></span>ercer<span class=\"_ _1\"></span>a son droit de diff\u00e9rer le r\u00e8glement d'un pas<span class=\"_ _1\"></span>sif; et pr\u00e9cisent que le r\u00e8glement fait r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au transfert \u00e0 la contr<span class=\"_ _1\"></span>epartie d'esp\u00e8ces, d'instruments de capitaux pr<span class=\"_ _1\"></span>opres, d'autr<span class=\"_ _1\"></span>es actifs ou services. Modifications \u00e0 IAS 8 m\u00e9thodes comptables, changements dans les es<span class=\"_ _1\"></span>timations comptables et erreurs : D\u00e9finition des estimations comptables<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>L'amendement \u00e0 IAS 8 clarifie la mani\u00e8r<span class=\"_ _1\"></span>e dont les entreprises doiv<span class=\"_ _1\"></span>ent distinguer les changements de m\u00e9thodes<span class=\"_ _8\"></span> comptables des changements d'estimations c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 12 \u00ab Imp\u00f4ts sur le r\u00e9sultat \u00bb : Imp\u00f4t diff\u00e9r\u00e9 li\u00e9 \u00e0 l'actif et au passif d\u00e9c<span class=\"_ _1\"></span>oulant d'une<span class=\"_ _8\"></span> op\u00e9ration unique<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Les modifications clarifient la fa\u00e7on dont les soci\u00e9t\u00e9s c<span class=\"_ _1\"></span>omptabilisent l\u2019imp\u00f4t diff\u00e9r\u00e9 pour les obligations relativ<span class=\"_ _1\"></span>es au d\u00e9mant\u00e8lement et les contr<span class=\"_ _1\"></span>ats de location. La principale modification de ces amendements est une e<span class=\"_ _1\"></span>xemption relativ<span class=\"_ _1\"></span>e \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>emption de comptabilisation initiale de IAS 12.<span class=\"_ _1\"></span>15(b<span class=\"_ _1\"></span>) et IAS 12.2<span class=\"_ _1\"></span>4. Ainsi, l'ex<span class=\"_ _1\"></span>emption de comptabilisation initiale ne s'applique pas aux op\u00e9rations dans lesquelles les diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>aires d\u00e9ductibles et imposables sont des montants \u00e9gaux lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es modifications sont en vigueur pour les ex<span class=\"_ _1\"></span>ercices ouv<span class=\"_ _1\"></span>erts \u00e0 compter du 1er jan<span class=\"_ _1\"></span>vier 2023. Une application anticip\u00e9e est permise. IFRS 17 \u00ab contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb<span class=\"ff19\"> (\u00e0 compter du 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Cette norme r<span class=\"_ _1\"></span>emplace IFRS 4, qui donne lieu \u00e0 une multitude d\u2019<span class=\"_ _1\"></span>approches comptables diff\u00e9r<span class=\"_ _1\"></span>entes en mati\u00e8re de contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance. IFRS 17 changer<span class=\"_ _1\"></span>a fondamentalement la comptabilisation pour tout<span class=\"_ _1\"></span>es les entit\u00e9s qui \u00e9mettent des contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance et des contr<span class=\"_ _1\"></span>ats d\u2019inv<span class=\"_ _1\"></span>estissement av<span class=\"_ _1\"></span>ec un \u00e9l\u00e9ment de participation discr\u00e9tionnaire. Le 17 mars 2020<span class=\"_ _1\"></span>, l\u2019IASB a d\u00e9cid\u00e9 de report<span class=\"_ _1\"></span>er la date d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur aux p\u00e9riodes de d\u00e9claration annuelle commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2023 ou apr\u00e8s. L\u2019<span class=\"_ _1\"></span>approbation c<span class=\"_ _1\"></span>omprend les amendements publi\u00e9s par l\u2019IASB en juin 2020<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> qui visent \u00e0 aider les entreprises \u00e0 mettr<span class=\"_ _1\"></span>e en \u0153uvre la Norme et \u00e0 leur f<span class=\"_ _1\"></span>aciliter l\u2019<span class=\"_ _1\"></span>explication de leur performanc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Le r\u00e8glement de l'UE pr\u00e9v<span class=\"_ _1\"></span>oit une ex<span class=\"_ _1\"></span>emption facultativ<span class=\"_ _1\"></span>e de l'application de l\u2019obligation de c<span class=\"_ _1\"></span>ohorte annuelle rela<span class=\"_ _1\"></span>tive au moment de la comptabilisation du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e dans le contrat, de la mar<span class=\"_ _1\"></span>ge de service contr<span class=\"_ _1\"></span>actuelle, du b\u00e9n\u00e9fice ou de la perte. L<span class=\"_ _1\"></span>es entit\u00e9s qui font usage de cette e<span class=\"_ _1\"></span>xemption n'appliquent pas les IFRS t<span class=\"_ _1\"></span>elles que publi\u00e9es par l'IASB et doivent l'indiquer<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 IFRS 17 \u00ab Contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb : Application initiale des normes IFRS 17 et IFRS 9 \u2013<span class=\"_ _8\"></span> informations compar<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>es<span class=\"ff19\"> (publi\u00e9es le 9 d\u00e9cembre 2021, en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023). </span>L'amendement est une option de tr<span class=\"_ _1\"></span>ansition relativ<span class=\"_ _1\"></span>e aux informations compar<span class=\"_ _1\"></span>atives sur les actifs financiers pr\u00e9sent\u00e9es lors de l'application initiale d'IFRS 17<span class=\"_ _0\"></span>. L'amendement vise \u00e0 aider les entit\u00e9s \u00e0 \u00e9viter les d\u00e9calages<span class=\"_ _8\"></span> comptables tempor<span class=\"_ _1\"></span>aires entr<span class=\"_ _1\"></span>e les actifs financiers et les passifs des contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e, et donc \u00e0 am\u00e9liorer l'utilit\u00e9 des informations c<span class=\"_ _1\"></span>omparativ<span class=\"_ _1\"></span>es dans les \u00e9tats financiers.<span class=\"_ _8\"></span> Les modifications suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 publi\u00e9es mais ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l'ex<span class=\"_ _1\"></span>ercice commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2022 et n'ont pas \u00e9t\u00e9 approuv\u00e9es par l'Union eur<span class=\"_ _1\"></span>op\u00e9enne. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d'incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au c<span class=\"_ _1\"></span>ours des p\u00e9riodes de<span class=\"_ _8\"></span> d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements sur l\u2019IAS 1 \u00ab Pr\u00e9sentation des \u00e9tats financiers \u00bb et de l\u2019\u00e9nonc\u00e9 de pr<span class=\"_ _1\"></span>atiques sur les IFRS 2<span class=\"_ _8\"></span> \u00ab Informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables \u00bb<span class=\"ff19\"> (en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023).<span class=\"_ _8\"></span> </span>Les modifications visent \u00e0 am\u00e9lior<span class=\"_ _1\"></span>er les informations \u00e0 fournir sur les m\u00e9thodes comptables et \u00e0 aider les utilisa<span class=\"_ _1\"></span>teurs<span class=\"_ _8\"></span> des \u00e9tats financiers \u00e0 fair<span class=\"_ _1\"></span>e la distinction entre les changements d'es<span class=\"_ _1\"></span>timations comptables et les changements de m\u00e9thodes comptables. L<span class=\"_ _1\"></span>\u2019amendement IA<span class=\"_ _1\"></span>S 1 exige que les entit\u00e9s pr\u00e9sentent t<span class=\"_ _1\"></span>outes leurs m\u00e9thodes comptables importantes, plut\u00f4t que leurs principales m\u00e9thodes comptables. De plus, l'amendement \u00e0 IA<span class=\"_ _1\"></span>S 1 pr\u00e9cise que les<span class=\"_ _8\"></span> informations non significativ<span class=\"_ _1\"></span>es sur les m\u00e9thodes comptables ne doiv<span class=\"_ _1\"></span>ent pas \u00eatre fournies. Pour appuy<span class=\"_ _1\"></span>er ces modifications, l\u2019IASB a \u00e9galement f<span class=\"_ _1\"></span>ormul\u00e9 des directives et des e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>emples visant \u00e0 expliquer et \u00e0 illustr<span class=\"_ _1\"></span>er l\u2019application du proc<span class=\"_ _1\"></span>essus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pr<span class=\"_ _1\"></span>atique sur les IFRS 2 Making Materiality Judgements, aux informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IFRS 16 Contr<span class=\"_ _1\"></span>ats de location : Passif locatif dans le cadre d'une c<span class=\"_ _1\"></span>ession-bail<span class=\"ff19 lsf5 ws70\"> (e<span class=\"_ _8\"></span>n<span class=\"_ _8\"></span> </span>vigueur le 1er janvier 202<span class=\"_ _1\"></span>4). Les modifications e<span class=\"_ _1\"></span>xpliquent comment une entit\u00e9 comptabilise une c<span class=\"_ _1\"></span>ession-bail (sale and leaseback) apr\u00e8s la date de la tr<span class=\"_ _1\"></span>ansaction, en particulier lorsque tout ou partie des paiements de location sont de<span class=\"_ _1\"></span>s paiements de location variables qui ne d\u00e9pendent pas d'un indic<span class=\"_ _1\"></span>e ou d'un taux. Ils indiquent que, lors<span class=\"_ _8\"></span> de l'\u00e9valuation ult\u00e9rieur<span class=\"_ _1\"></span>e de l'obligation locativ<span class=\"_ _1\"></span>e, le vendeur-pr<span class=\"_ _1\"></span>eneur d\u00e9termine les \u00ab paiements au titre de la location<span class=\"_ _8\"></span> \u00bb et les<span class=\"_ _8\"></span> \u00ab paiements r\u00e9vis\u00e9s au titre de la loca<span class=\"_ _1\"></span>tion \u00bb d'une mani\u00e8re qui n'entra\u00eene pas le v<span class=\"_ _1\"></span>endeur-preneur \u00e0 comptabiliser un montant quelconque du gain ou de la pert<span class=\"_ _1\"></span>e li\u00e9 \u00e0 la droit d'usage conserv\u00e9. L<span class=\"_ _1\"></span>es gains et pertes relatifs \u00e0 la r\u00e9silia<span class=\"_ _1\"></span>tion totale ou partielle d'un bail continuent d'\u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9s lorsqu'ils surviennent car ils<span class=\"_ _8\"></span> concernent le dr<span class=\"_ _1\"></span>oit d'usage r\u00e9sili\u00e9 et non le droit d'usage c<span class=\"_ _1\"></span>onserv\u00e9.<span class=\"_ _8\"></span> La norme suivant<span class=\"_ _1\"></span>e est d\u2019application obligat<span class=\"_ _1\"></span>oire depuis l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e comptable d\u00e9butant au 1er janvier 2016 (<span class=\"_ _1\"></span>cependant elle n\u2019<span class=\"_ _1\"></span>est pas encor<span class=\"_ _1\"></span>e adopt\u00e9e par l\u2019Union europ\u00e9enne<span class=\"_ _1\"></span>). La Commission Europ\u00e9enne a d\u00e9cid\u00e9 de ne pas lanc<span class=\"_ _1\"></span>er la<span class=\"_ _8\"></span> proc\u00e9dur<span class=\"_ _1\"></span>e d\u2019appr<span class=\"_ _1\"></span>obation de cette norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e mais d\u2019attendr<span class=\"_ _1\"></span>e la norme d\u00e9finitive<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> IFRS 14 \u00ab Comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires \u00bb<span class=\"ff19\"> (da<span class=\"_ _1\"></span>te d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur : 1er janvier 2016). </span>Il s'agit d'une norme pro<span class=\"_ _1\"></span>visoire sur la c<span class=\"_ _1\"></span>omptabilisation de certains montants d\u00e9coulant d'activit\u00e9s r\u00e9glement\u00e9es par les tarifs. IFRS 14 permet aux nouveaux adoptants qui e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercent des activit\u00e9s \u00e0 tarifs r\u00e9glement\u00e9s, lorsqu\u2019ils adoptent les normes IFRS, de continuer \u00e0 r<span class=\"_ _1\"></span>econna\u00eetre les montants c<span class=\"_ _1\"></span>omptabilis\u00e9s en application des exigences de leur pr\u00e9c\u00e9dent r\u00e9f\u00e9rentiel c<span class=\"_ _1\"></span>omptable en mati\u00e8re de r\u00e9glementation des tarifs, et plus pr\u00e9cis\u00e9ment en c<span class=\"_ _1\"></span>e qui concerne la rec<span class=\"_ _1\"></span>onnaissance, l\u2019\u00e9v<span class=\"_ _1\"></span>aluation et la d\u00e9pr\u00e9ciation des comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires. La norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e fournit \u00e9galement des conseils sur le choix et la modification des m\u00e9thodes c<span class=\"_ _1\"></span>omptables (lors de la premi\u00e8re adoption ou ult\u00e9rieurement) et sur la pr\u00e9sentation et la divulga<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-4": {
   "value": "Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-5": {
   "value": "Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-6": {
   "value": "Les \u00e9tats financiers consolid\u00e9s pour l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice clos le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 ont \u00e9t\u00e9 pr\u00e9par\u00e9s par la Direction conform\u00e9ment aux normes int<span class=\"_ _1\"></span>ernationales d\u2019information financi\u00e8r<span class=\"_ _1\"></span>e (IFRS) telles qu\u2019adopt\u00e9es par l\u2019Union europ\u00e9enne et aut<span class=\"_ _1\"></span>oris\u00e9es \u00e0 \u00eatre \u00e9mis par le Conseil d\u2019<span class=\"_ _1\"></span>administration de la Soci\u00e9t\u00e9 le 8 mars 2023. 37<span class=\"_ _3c\"></span>.<span class=\"_\"> </span>\u00c9v\u00e9nements post\u00e9rieurs \u00e0 la cl\u00f4tureLe 8 mars 2023, le c<span class=\"_ _1\"></span>onseil d\u2019administr<span class=\"_ _1\"></span>ation de Cenergy Holdings a d\u00e9cid\u00e9 de pr<span class=\"_ _1\"></span>oposer \u00e0 l\u2019assembl\u00e9e g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale<span class=\"_ _8\"></span> ordinair<span class=\"_ _1\"></span>e des actionnaires qui se tiendr<span class=\"_ _1\"></span>a le 30 mai 2023, l\u2019appr<span class=\"_ _1\"></span>obation d\u2019un dividende brut de 0,05 eur<span class=\"_ _1\"></span>o par action. Aucun autr<span class=\"_ _1\"></span>e \u00e9v\u00e9nement post\u00e9rieur \u00e0 la cl\u00f4ture pour lequel une information ser<span class=\"_ _1\"></span>ait requise dans les \u00e9tats financiers consolid\u00e9s n'a eu lieu depuis le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-23-3": {
   "value": "Le Gr<span class=\"_ _1\"></span>oupe a pr\u00e9par\u00e9 les \u00e9tats financiers consolid\u00e9s en se fondant sur le fait qu'il c<span class=\"_ _1\"></span>ontinuera de fonctionner c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> une entit\u00e9 en exploita<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-4": {
   "value": "3. Monnaie fonctionnelle et de pr\u00e9sentation La monnaie fonctionnelle et de pr\u00e9sentation de la Soci\u00e9t\u00e9 et du Gr<span class=\"_ _1\"></span>oupe est l'euro<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ous les montants indiqu\u00e9s dans les \u00e9tats financiers consolid\u00e9s sont arr<span class=\"_ _1\"></span>ondis au millier le plus proche, sauf indication c<span class=\"_ _1\"></span>ontrair<span class=\"_ _1\"></span>e. En raison des r\u00e8gles d'arrondis, les chiffr<span class=\"_ _1\"></span>es indiqu\u00e9s en tant que totaux dans certains tableaux peuv<span class=\"_ _1\"></span>ent ne pas corr<span class=\"_ _1\"></span>espondre \u00e0 l'addition arithm\u00e9tique des chiffres qui les pr\u00e9c\u00e8dent. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-2": {
   "value": "4. Recours \u00e0 des es<span class=\"_ _1\"></span>timations et jugements<span class=\"_ _8\"></span> La pr\u00e9paration des \u00e9ta<span class=\"_ _1\"></span>ts financiers selon les normes IFRS exige que la Direction e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce des jugements, r\u00e9alise des estimations et \u00e9tablisse des h<span class=\"_ _1\"></span>ypoth\u00e8ses qui ont des incidences sur l\u2018application des m\u00e9thodes comptables de Cener<span class=\"_ _1\"></span>gy Holdings et sur les montants comptabilis\u00e9s des actifs, passifs, produits et char<span class=\"_ _1\"></span>ges. Les valeurs r\u00e9elles peuvent diff\u00e9r<span class=\"_ _1\"></span>er de ces estimations. Les estimations et jugements de la Dir<span class=\"_ _1\"></span>ection sont r\u00e9ex<span class=\"_ _1\"></span>amin\u00e9s de fa\u00e7on p\u00e9riodique. La r\u00e9vision des estimations est appliq<span class=\"ws1\">u\u00e9e de fa\u00e7on pr<span class=\"_ _1\"></span>ospective. </span>Les informations r<span class=\"_ _1\"></span>elatives aux jugements, h<span class=\"_ _1\"></span>ypoth\u00e8ses et incertitudes d'estimation qui pr\u00e9sent<span class=\"_ _1\"></span>ent un risque<span class=\"_ _8\"></span> significatif d'entra\u00eener un ajus<span class=\"_ _1\"></span>tement important des valeurs c<span class=\"_ _1\"></span>omptables des actifs et passifs au cours du prochain ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont incluses dans les notes suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 7<span class=\"_ _1\"></span>.F \u2013 Comptabilisation du chiffr<span class=\"_ _1\"></span>e d\u2019aff<span class=\"_ _1\"></span>aires ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 11.C.a \u2013 \u00c9v<span class=\"_ _1\"></span>aluation des obligations au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies : principales hypoth\u00e8ses actuarielles ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 13.C \u2013 C<span class=\"_ _1\"></span>omptabilisation d\u2019actifs d\u2019imp\u00f4t diff\u00e9r\u00e9, disponibilit\u00e9 de b\u00e9n\u00e9fices imposables futurs pouv<span class=\"_ _1\"></span>ant \u00eatre utilis\u00e9s pour le report de pert<span class=\"_ _1\"></span>es fiscales ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 15.B \u2013 Recouvr<span class=\"_ _1\"></span>abilit\u00e9 des cr\u00e9ances en souffranc<span class=\"_ _1\"></span>e d\u2019un ancien client au Moy<span class=\"_ _1\"></span>en-Orient ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 17<span class=\"_ _1\"></span>.D \u2013 Pert<span class=\"_ _1\"></span>e de valeur sur immobilis\u00e9s corpor<span class=\"_ _1\"></span>elles ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 19.D \u2013 T<span class=\"_ _0\"></span>est de d\u00e9pr\u00e9ciation : hypoth\u00e8ses cl\u00e9s sous-jac<span class=\"_ _1\"></span>entes aux montants rec<span class=\"_ _1\"></span>ouvrables ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 20.B \u2013 Ev<span class=\"_ _1\"></span>aluation de la juste v<span class=\"_ _1\"></span>aleur des biens immobiliers de placements ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 30.<span class=\"_ _1\"></span>C1 \u2013 Evaluation des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues sur cr\u00e9ances clients et actifs sur c<span class=\"_ _1\"></span>ontrats : h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> cl\u00e9s pour d\u00e9terminer les taux de perte pr\u00e9vus. B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e \u00e0 r\u00e9partir le co\u00fbt des immobilisations corpor<span class=\"_ _1\"></span>elles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles es<span class=\"_ _1\"></span>tim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement<span class=\"_ _8\"></span> comptabilis\u00e9 en r\u00e9sultat. Les t<span class=\"_ _1\"></span>errains ne sont pas amortis.  B\u00e2timents administra<span class=\"_ _1\"></span>tifs <span class=\"_ _73\"> </span>20 \u00e0 50 ans  Usines <span class=\"_ _74\"> </span>33 \u00e0 50 ans  Machines lourdes <span class=\"_ _75\"> </span>12 \u00e0 40 ans  Machines l\u00e9g\u00e8res <span class=\"_ _76\"> </span>8 \u00e0 18 ans  Mobilier <span class=\"_ _74\"> </span>4 \u00e0 10 ans  Autres \u00e9quipements <span class=\"_ _77\"> </span>4 \u00e0 12 ans  Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _78\"> </span>4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9ces<span class=\"_ _1\"></span>saire. C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. F<span class=\"_ _0\"></span>. Jugements essentiels dans la comptabilisation du chiffre d\u2019<span class=\"_ _1\"></span>affaires Lors de la comptabilisation du chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de pres<span class=\"_ _1\"></span>tation, l'identification des obligations de pres<span class=\"_ _1\"></span>tation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de pr<span class=\"_ _1\"></span>estation. Les estimations les plus significativ<span class=\"_ _1\"></span>es sont d\u00e9crites ci-dessous : \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats incluant plusieurs obligations de pr<span class=\"_ _1\"></span>estation se r<span class=\"_ _1\"></span>etrouv<span class=\"_ _1\"></span>ent principalement dans le segment C\u00e2bles,<span class=\"_ _8\"></span> concernant des pr<span class=\"_ _1\"></span>ojets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, c<span class=\"_ _1\"></span>omme d\u00e9crit dans<span class=\"_ _8\"></span> la note 7<span class=\"_ _0\"></span>.B et la note 5.3. Dans ces cas, le t<span class=\"_ _1\"></span>otal du prix de l\u2019op\u00e9r<span class=\"_ _1\"></span>ation est allou\u00e9 \u00e0 ces obligations de pr<span class=\"_ _1\"></span>estation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou servic<span class=\"_ _1\"></span>es promis, livr\u00e9 de fa\u00e7on isol\u00e9e<span class=\"_ _1\"></span>. Si ces biens et services ne sont pas v<span class=\"_ _1\"></span>endus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus mar<span class=\"_ _1\"></span>ge \u00bb est adopt\u00e9e. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus pro<span class=\"_ _1\"></span>venant de la f<span class=\"_ _1\"></span>abrication de produits sur mesur<span class=\"_ _1\"></span>e pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie sont comptabilis\u00e9s au<span class=\"_ _8\"></span> fur et \u00e0 mesure<span class=\"_ _1\"></span>. Dans de tels projets, les c<span class=\"_ _1\"></span>ontrats sign\u00e9s par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings comprennent deux engagements : \u2022 <span class=\"_ _20\"> </span>pr<span class=\"_ _1\"></span>oduire des pr<span class=\"_ _1\"></span>oduits sur mesure en fonction des sp\u00e9cifications des clients et \u2022 <span class=\"_ _20\"> </span>tr<span class=\"_ _1\"></span>ansporter ces pr<span class=\"_ _1\"></span>oduits sur le site du client.  <span class=\"_ _6c\"> </span>Dans de t<span class=\"_ _1\"></span>els cas, le transport est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une obligation de prestation dis<span class=\"_ _1\"></span>tincte, car les deux crit\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9nonc\u00e9s dans IFRS 15.27 sont r<span class=\"_ _1\"></span>emplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport off<span class=\"_ _1\"></span>ert et que la<span class=\"_ _8\"></span> promes<span class=\"_ _1\"></span>se de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de c<span class=\"_ _1\"></span>es produits personnalis\u00e9s.  <span class=\"_ _6c\"> </span>Le chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es pour les commandes de produits standar<span class=\"_ _1\"></span>dis\u00e9s (sections structur<span class=\"_ _1\"></span>elles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s<span class=\"_ _1\"></span>) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'es<span class=\"_ _1\"></span>t pas consid\u00e9r\u00e9 comme une obligation de pr<span class=\"_ _1\"></span>estation distincte, puisque le deuxi\u00e8me crit\u00e8r<span class=\"_ _1\"></span>e de la norme IFRS 15.27 n'est pas r<span class=\"_ _1\"></span>espect\u00e9.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>ertains contrats a<span class=\"_ _1\"></span>vec des clients impliquent un c<span class=\"_ _1\"></span>o\u00fbt de transaction variable<span class=\"_ _1\"></span>, car ils incluent une remise sur le volume ou une r<span class=\"_ _1\"></span>emise commer<span class=\"_ _1\"></span>ciale bas\u00e9e sur le total des vent<span class=\"_ _1\"></span>es au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le pr<span class=\"_ _1\"></span>oduit est comptabilis\u00e9 en fonction des v<span class=\"_ _1\"></span>entes pr\u00e9vues au client tout au long de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice, \u00e0 mesure que c<span class=\"_ _1\"></span>es ventes sont r\u00e9alis\u00e9es et que de nouv<span class=\"_ _1\"></span>elles commandes sont r<span class=\"_ _1\"></span>e\u00e7ues et dans la mesure o\u00f9 il est hautement pr<span class=\"_ _1\"></span>obable qu\u2019il ne sera pas n\u00e9ces<span class=\"_ _1\"></span>saire de proc\u00e9der \u00e0 une r<span class=\"_ _1\"></span>eprise significative du montant cumul\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires. a) Hypoth\u00e8ses actuarielles Les principales hypoth\u00e8ses actuarielles en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture \u00e9taient les suiv<span class=\"_ _1\"></span>antes (en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e) : <span class=\"_ _100\"> </span>2022 2021 T<span class=\"_ _0\"></span>aux d'actualisation <span class=\"_ _102\"> </span>3,66 % <span class=\"_ _170\"> </span>0,21 % Inflation <span class=\"_ _171\"> </span>2,80 % <span class=\"_ _170\"> </span>2,10 % Croissanc<span class=\"_ _1\"></span>e salariale <span class=\"_ _172\"> </span>3,05 % <span class=\"_ _db\"> </span>2,95 % Dur\u00e9e du r\u00e9gime (e<span class=\"_ _1\"></span>xprim\u00e9e en ann\u00e9es) <span class=\"_ _173\"> </span>5,41 <span class=\"_ _132\"> </span>6,26Les hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant la mortalit\u00e9 future ont \u00e9t\u00e9 bas\u00e9es sur les s<span class=\"_ _1\"></span>tatistiques publi\u00e9es et les tableaux de<span class=\"_ _8\"></span> mortalit\u00e9. Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le cumul des pertes fiscales r<span class=\"_ _1\"></span>eportables disponibles pour utilisation future s'\u00e9le<span class=\"_ _1\"></span>vait \u00e0 61,3 millions d'euros. L<span class=\"_ _1\"></span>es soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 5<span class=\"_ _1\"></span>2,6 millions<span class=\"_ _8\"></span> d'euros sur les pert<span class=\"_ _1\"></span>es fiscales parce que la dir<span class=\"_ _1\"></span>ection estimait probable que de futurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables seraient disponibles pour lesquels de telles pertes fiscales pourr<span class=\"_ _1\"></span>aient \u00eatre utilis\u00e9es au c<span class=\"_ _1\"></span>ours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7<span class=\"_ _0\"></span>,9 millions d'euros conc<span class=\"_ _1\"></span>erne le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, tandis que le montant corr<span class=\"_ _1\"></span>espondant pour le segment C\u00e2bles est de 3,7 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Selon les estimations de la dir<span class=\"_ _1\"></span>ection concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisa<span class=\"_ _1\"></span>tion des pertes<span class=\"_ _8\"></span> fiscales conform\u00e9ment \u00e0 la l\u00e9gisla<span class=\"_ _1\"></span>tion fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s<span class=\"_ _8\"></span> comme pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es pour un montant de 8,7 millions d\u2019<span class=\"_ _1\"></span>euros e<span class=\"_ _1\"></span>xpirant au c<span class=\"_ _1\"></span>ours de la p\u00e9riode allant de<span class=\"_ _8\"></span> 2023 \u00e0 202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. Ces pert<span class=\"_ _1\"></span>es fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En vertu des dispositions des articles 4<span class=\"_ _1\"></span>9 et 72 de la loi grec<span class=\"_ _1\"></span>que 4172/20<span class=\"_ _1\"></span>13 relativ<span class=\"_ _1\"></span>e \u00e0 la sous-capitalisation, les<span class=\"_ _8\"></span> int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITD<span class=\"_ _1\"></span>A et si tout ex<span class=\"_ _1\"></span>c\u00e9dent peut \u00eatre aff<span class=\"_ _1\"></span>ect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires r<span class=\"_ _1\"></span>elatives \u00e0 la sous-capitalisa<span class=\"_ _1\"></span>tion s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITD<span class=\"_ _1\"></span>A. Les fr<span class=\"_ _1\"></span>ais d'int\u00e9r\u00eats nets ex<span class=\"_ _1\"></span>c\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuv<span class=\"_ _1\"></span>ent \u00eatre r<span class=\"_ _1\"></span>eport\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,<span class=\"_ _1\"></span>7 millions d\u2019eur<span class=\"_ _1\"></span>os. B. Risques de cr\u00e9dit et de march\u00e9 et pertes de v<span class=\"_ _1\"></span>aleur sur cr\u00e9ances clients En 2010, la filiale C<span class=\"_ _1\"></span>orinth Pipeworks S<span class=\"_ _1\"></span>A a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice c<span class=\"_ _1\"></span>ontre un ancien client au Moy<span class=\"_ _1\"></span>en-Orient conc<span class=\"_ _1\"></span>ernant le recouvr<span class=\"_ _1\"></span>ement d'une cr\u00e9ance en souffranc<span class=\"_ _1\"></span>e de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de pr<span class=\"_ _1\"></span>oc\u00e9dures judiciair<span class=\"_ _1\"></span>es, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 20<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span> et a d\u00e9cid\u00e9 de rejet<span class=\"_ _1\"></span>er toute demande r<span class=\"_ _1\"></span>econv<span class=\"_ _1\"></span>entionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipew<span class=\"_ _1\"></span>orks.<span class=\"_ _8\"></span> Afin de r<span class=\"_ _1\"></span>ecouvrer c<span class=\"_ _1\"></span>e solde d\u00fb depuis longtemps, Corinth Pipe<span class=\"_ _1\"></span>works a engag\u00e9 des proc\u00e9dur<span class=\"_ _1\"></span>es d\u2019<span class=\"_ _1\"></span>ex\u00e9cution \u00e0 l\u2019<span class=\"_ _1\"></span>encontre des actifs de l'ancien client situ\u00e9s dans l'un des pa<span class=\"_ _1\"></span>ys o\u00f9 l'arr\u00eat de la Cour de cassa<span class=\"_ _1\"></span>tion rendu contr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> l'ancien client est e<span class=\"_ _1\"></span>x\u00e9cutoire (<span class=\"_ _1\"></span>c'est-\u00e0-dire les \u00c9mir<span class=\"_ _1\"></span>ats Arabes Unis et div<span class=\"_ _1\"></span>ers autres pa<span class=\"_ _1\"></span>ys du Mo<span class=\"_ _1\"></span>yen-Orient). Il n'y a pas eu d'autres d\u00e9v<span class=\"_ _1\"></span>eloppements importants en 2022. Corinth Pipe<span class=\"_ _1\"></span>works av<span class=\"_ _1\"></span>ait comptabilis\u00e9 dans le pass\u00e9 une perte de v<span class=\"_ _1\"></span>aleur de 24,8 millions de dollars am\u00e9ricains. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la filiale poursuivra toute action r<span class=\"_ _1\"></span>equise afin de rec<span class=\"_ _1\"></span>ouvrer l\u2019int\u00e9gralit\u00e9 de c<span class=\"_ _1\"></span>ette cr\u00e9ance<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition de Cenergy Holdings aux risques de cr\u00e9dit et de mar<span class=\"_ _1\"></span>ch\u00e9, ainsi que sur les pertes de<span class=\"_ _8\"></span> valeur li\u00e9es aux cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs sont incluses \u00e0 la not<span class=\"_ _1\"></span>e 29.C.<span class=\"_ _1\"></span>1. D<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ests de d\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> Ces immobilisations incorpor<span class=\"_ _1\"></span>elles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UG<span class=\"_ _1\"></span>T du site de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles sous-marins de Fulgor<span class=\"_ _8\"></span> qui int\u00e8gre c<span class=\"_ _1\"></span>es actifs. Pour \u00e9valuer la v<span class=\"_ _1\"></span>aleur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie f<span class=\"_ _1\"></span>ond\u00e9es sur des estimations de la Direction c<span class=\"_ _1\"></span>ouvrant une p\u00e9riode de cinq ans (2023 \u2013 202<span class=\"_ _1\"></span>7). Ces<span class=\"_ _8\"></span> projections tiennent c<span class=\"_ _1\"></span>ompte des contr<span class=\"_ _1\"></span>ats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats a<span class=\"_ _1\"></span>ttendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>. L'UGT des c\u00e2bles sous-marins f<span class=\"_ _1\"></span>onctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par c<span class=\"_ _1\"></span>ons\u00e9quent, les hypoth\u00e8ses relativ<span class=\"_ _1\"></span>es \u00e0 la crois<span class=\"_ _1\"></span>sance du chiffre d'aff<span class=\"_ _1\"></span>aires et de la rentabilit\u00e9 sont bas\u00e9es sur les c<span class=\"_ _1\"></span>ontrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui de<span class=\"_ _1\"></span>vraient \u00eatr<span class=\"_ _1\"></span>e entrepris au cours de la p\u00e9riode \u00e0 v<span class=\"_ _1\"></span>enir<span class=\"_ _1\"></span>. Les principales hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les pr<span class=\"_ _1\"></span>ojets \u00e0 ex\u00e9cuter au c<span class=\"_ _1\"></span>ours de la p\u00e9riode de cinq ans sont les suivantes : \u2022 <span class=\"_ _20\"> </span>Utilisa<span class=\"_ _1\"></span>tion progres<span class=\"_ _1\"></span>sivement \u00e9le<span class=\"_ _1\"></span>v\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>omme celle<span class=\"_ _8\"></span> observ\u00e9e au cours des 3 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 a<span class=\"_ _1\"></span>ttribu\u00e9s et de ceux attendus c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> tenu de l\u2019<span class=\"_ _1\"></span>activit\u00e9 d\u2019appel d\u2019<span class=\"_ _1\"></span>offres. Compt<span class=\"_ _1\"></span>e tenu du carnet de commandes e<span class=\"_ _1\"></span>xistant et de la croissanc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> activit\u00e9s li\u00e9es aux \u00e9nergies r<span class=\"_ _1\"></span>enouvelables dans le monde entier<span class=\"_ _0\"></span>, qui est un facteur important des perspectiv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> attr<span class=\"_ _1\"></span>ayant<span class=\"_ _1\"></span>es du march\u00e9 de la production d\u2019\u00e9ner<span class=\"_ _1\"></span>gie en mer<span class=\"_ _1\"></span>, le niv<span class=\"_ _1\"></span>eau d\u2019activit\u00e9 \u00e9lev\u00e9 de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e maintenu tout au long de la p\u00e9riode 2023-202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. \u2022 <span class=\"_ _20\"> </span>D\u00e9penses d\u2019in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sement d\u2019en<span class=\"_ _1\"></span>viron 189 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de pr<span class=\"_ _1\"></span>oduction et de capacit\u00e9. Les d\u00e9penses d\u2019inv<span class=\"_ _1\"></span>estissement r<span class=\"_ _1\"></span>efl\u00e8tent les inv<span class=\"_ _1\"></span>estissements pour la maintenanc<span class=\"_ _1\"></span>e ainsi que la croissanc<span class=\"_ _1\"></span>e organique. Pour la p\u00e9riode t<span class=\"_ _1\"></span>erminale, l\u2019hypoth\u00e8se est que les inv<span class=\"_ _1\"></span>estissements sont \u00e9gaux \u00e0 l\u2019<span class=\"_ _1\"></span>amortissement. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires de l\u2019<span class=\"_ _1\"></span>activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 envir<span class=\"_ _1\"></span>on 24 %, en r<span class=\"_ _1\"></span>aison de l\u2019attribution de nouv<span class=\"_ _1\"></span>eaux projets, principalement en Gr\u00e8ce<span class=\"_ _1\"></span>, en Europe du Nord et aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>La mar<span class=\"_ _1\"></span>ge EBITD<span class=\"_ _1\"></span>A par projet offshor<span class=\"_ _1\"></span>e est suppos\u00e9e se situer dans une fourchett<span class=\"_ _1\"></span>e de 15 % \u00e0 25 % du chiffre d\u2019aff<span class=\"_ _1\"></span>aires. La rentabilit\u00e9 es<span class=\"_ _1\"></span>tim\u00e9e par projet varie en f<span class=\"_ _1\"></span>onction des diff\u00e9rents types de c\u00e2bles r<span class=\"_ _1\"></span>equis, des<span class=\"_ _8\"></span> sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ogr<span class=\"_ _1\"></span>aphique et du calendrier du projet.  \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 des frais d\u2019<span class=\"_ _1\"></span>exploita<span class=\"_ _1\"></span>tion fixes est suppos\u00e9 \u00e9gal \u00e0 en<span class=\"_ _1\"></span>viron 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de croissanc<span class=\"_ _1\"></span>e \u00e0 long<span class=\"_ _8\"></span> terme estim\u00e9 de 1,5<span class=\"_ _1\"></span>2%, qui refl\u00e8te principalement les estima<span class=\"_ _1\"></span>tions de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de cr<span class=\"_ _1\"></span>oissance \u00e0 long t<span class=\"_ _1\"></span>erme du secteur des c\u00e2bles offshore. L<span class=\"_ _1\"></span>e taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de c<span class=\"_ _1\"></span>es flux de tr\u00e9sorerie \u00e9tait de 12,0<span class=\"_ _1\"></span>2%, sur la base des hypoth\u00e8ses suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations eur<span class=\"_ _1\"></span>op\u00e9ennes AAA.\u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la c<span class=\"_ _1\"></span>omposition des ventes futur<span class=\"_ _1\"></span>es attendues et sur le fait que l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale est bas\u00e9e en Gr\u00e8ce.\u2022 <span class=\"_ _20\"> </span>La prime de risque de mar<span class=\"_ _1\"></span>ch\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e plus \u00e9lev\u00e9e que c<span class=\"_ _1\"></span>elle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8r<span class=\"_ _1\"></span>e, \u00e9tant donn\u00e9 que les conditions de mar<span class=\"_ _1\"></span>ch\u00e9 se sont d\u00e9t\u00e9rior\u00e9es.<span class=\"_ _8\"></span> Les prix <span class=\"_ _8\"></span>des produits de base pour le cuivr<span class=\"_ _1\"></span>e et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du t<span class=\"_ _1\"></span>est<span class=\"_ _8\"></span> de d\u00e9pr<span class=\"_ _1\"></span>\u00e9ciation ;<span class=\"_ _1\"></span> toutefois, les activit\u00e9s de c<span class=\"_ _1\"></span>ouverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la na<span class=\"_ _1\"></span>ture personnalis\u00e9e des produits v<span class=\"_ _1\"></span>endus par Fulgor<span class=\"_ _1\"></span>, sugg\u00e8r<span class=\"_ _1\"></span>ent que la valeur de l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale n\u2019<span class=\"_ _1\"></span>est pas affect\u00e9e de mani\u00e8re significativ<span class=\"_ _1\"></span>e par les fluctuations des prix des produits de base. Par c<span class=\"_ _1\"></span>ons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le cont<span class=\"_ _1\"></span>exte du t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation.<span class=\"_ _8\"></span> Les r\u00e9sultats de ce t<span class=\"_ _1\"></span>est indiquent que la valeur r<span class=\"_ _1\"></span>ecouvrable au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 d\u00e9pas<span class=\"_ _1\"></span>se de 688 millions d\u2019eur<span class=\"_ _1\"></span>os la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable de l\u2019UGT (soit 233 millions d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Une analyse de sensibilit\u00e9 portant sur les principales h<span class=\"_ _1\"></span>ypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et crois<span class=\"_ _1\"></span>sance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019<span class=\"_ _1\"></span>ad\u00e9quation de la marge de s\u00e9curit\u00e9. L<span class=\"_ _1\"></span>es r\u00e9sultats de cette analy<span class=\"_ _1\"></span>se de<span class=\"_ _8\"></span> sensibilit\u00e9 ont indiqu\u00e9 que le montant rec<span class=\"_ _1\"></span>ouvrable e<span class=\"_ _1\"></span>xc\u00e8de nettement la v<span class=\"_ _1\"></span>aleur comptable de l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>. Les hypoth\u00e8ses peuvent changer c<span class=\"_ _1\"></span>omme suit pour que la valeur r<span class=\"_ _1\"></span>ecouvrable soit \u00e9gale \u00e0 la v<span class=\"_ _1\"></span>aleur comptable :  Hypoth\u00e8ses utilis\u00e9es V<span class=\"_ _1\"></span>ariation de taux  (<span class=\"_ _1\"></span>en points de pourcentage<span class=\"_ _1\"></span>)<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  T<span class=\"_ _0\"></span>aux d\u2019actualisation <span class=\"_ _1e2\"> </span>12,<span class=\"_ _1\"></span>02 % <span class=\"_ _203\"> </span>+ 14,5 ppc Croissance perp\u00e9tuelle <span class=\"_ _154\"> </span>1,52 % <span class=\"_ _1a7\"> </span>- 118,<span class=\"_ _1\"></span>0 ppc(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-3": {
   "value": "4. Recours \u00e0 des estimations et jugements La pr\u00e9paration des \u00e9tats financiers selon les normes IFRS exige que la Direction exerce des jugements, r\u00e9alise des estimations et \u00e9tablisse des hypoth\u00e8ses qui ont des incidences sur l\u2018application des m\u00e9thodes comptables de Cenergy Holdings et sur les montants comptabilis\u00e9s des actifs, passifs, produits et charges. Les valeurs r\u00e9elles peuvent diff\u00e9rer de ces estimations. Les estimations et jugements de la Direction sont r\u00e9examin\u00e9s de fa\u00e7on p\u00e9riodique. La r\u00e9vision des estimations est appliqu\u00e9e de fa\u00e7on prospective. Les informations relatives aux jugements, hypoth\u00e8ses et incertitudes d'estimation qui pr\u00e9sentent un risque significatif d'entra\u00eener un ajustement important des valeurs comptables des actifs et passifs au cours du prochain exercice sont incluses dans les notes suivantes : \u2022  Note 7.F \u2013 Comptabilisation du chiffre d\u2019affaires ; \u2022  Note 11.C.a \u2013 \u00c9valuation des obligations au titre des prestations d\u00e9finies : principales hypoth\u00e8ses actuarielles ; \u2022  Note 13.C \u2013 Comptabilisation d\u2019actifs d\u2019imp\u00f4t diff\u00e9r\u00e9, disponibilit\u00e9 de b\u00e9n\u00e9fices imposables futurs pouvant \u00eatre utilis\u00e9s pour le report de pertes fiscales ; \u2022  Note 15.B \u2013 Recouvrabilit\u00e9 des cr\u00e9ances en souffrance d\u2019un ancien client au Moyen-Orient ; \u2022  Note 17.D \u2013 Perte de valeur sur immobilis\u00e9s corporelles ; \u2022  Note 19.D \u2013 Test de d\u00e9pr\u00e9ciation : hypoth\u00e8ses cl\u00e9s sous-jacentes aux montants recouvrables ; \u2022  Note 20.B \u2013 Evaluation de la juste valeur des biens immobiliers de placements ; \u2022  Note 30.C1 \u2013 Evaluation des pertes de cr\u00e9dit attendues sur cr\u00e9ances clients et actifs sur contrats : hypoth\u00e8ses cl\u00e9s pour d\u00e9terminer les taux de perte pr\u00e9vus. B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8re \u00e0 r\u00e9partir le co\u00fbt des immobilisations corporelles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles estim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9ralement comptabilis\u00e9 en r\u00e9sultat. Les terrains ne sont pas amortis.  B\u00e2timents administratifs  20 \u00e0 50 ans  Usines  33 \u00e0 50 ans  Machines lourdes  12 \u00e0 40 ans  Machines l\u00e9g\u00e8res  8 \u00e0 18 ans  Mobilier  4 \u00e0 10 ans  Autres \u00e9quipements  4 \u00e0 12 ans  Moyens de transport  4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les valeurs r\u00e9siduelles sont revues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9cessaire. C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le co\u00fbt des immobilisations incorporelles moins leurs valeurs r\u00e9siduelles estim\u00e9es selon la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le compte de r\u00e9sultat. Le goodwill et les autres immobilisations incorporelles ayant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9rence sont les suivantes :  Marques commerciales et licences  10 \u00e0 15 ans  Logiciels  3 \u00e0 10 ans Les immobilisations incorporelles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019objet d\u2019un test de d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et valeurs r\u00e9siduelles sont revues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9cessaire. F. Jugements essentiels dans la comptabilisation du chiffre d\u2019affaires Lors de la comptabilisation du chiffre d'affaires, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de prestation, l'identification des obligations de prestation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de prestation. Les estimations les plus significatives sont d\u00e9crites ci-dessous : \u2022  Les contrats incluant plusieurs obligations de prestation se retrouvent principalement dans le segment C\u00e2bles, concernant des projets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, comme d\u00e9crit dans la note 7.B et la note 5.3. Dans ces cas, le total du prix de l\u2019op\u00e9ration est allou\u00e9 \u00e0 ces obligations de prestation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou services promis, livr\u00e9 de fa\u00e7on isol\u00e9e. Si ces biens et services ne sont pas vendus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus marge \u00bb est adopt\u00e9e. \u2022  Les revenus provenant de la fabrication de produits sur mesure pour des projets d\u2019\u00e9nergie sont comptabilis\u00e9s au fur et \u00e0 mesure. Dans de tels projets, les contrats sign\u00e9s par les filiales de Cenergy Holdings comprennent deux engagements : \u2022  produire des produits sur mesure en fonction des sp\u00e9cifications des clients et \u2022  transporter ces produits sur le site du client.   Dans de tels cas, le transport est consid\u00e9r\u00e9 comme une obligation de prestation distincte, car les deux crit\u00e8res \u00e9nonc\u00e9s dans IFRS 15.27 sont remplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport offert et que la promesse de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de ces produits personnalis\u00e9s.   Le chiffre d'affaires pour les commandes de produits standardis\u00e9s (sections structurelles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'est pas consid\u00e9r\u00e9 comme une obligation de prestation distincte, puisque le deuxi\u00e8me crit\u00e8re de la norme IFRS 15.27 n'est pas respect\u00e9. \u2022  Certains contrats avec des clients impliquent un co\u00fbt de transaction variable, car ils incluent une remise sur le volume ou une remise commerciale bas\u00e9e sur le total des ventes au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le produit est comptabilis\u00e9 en fonction des ventes pr\u00e9vues au client tout au long de l'exercice, \u00e0 mesure que ces ventes sont r\u00e9alis\u00e9es et que de nouvelles commandes sont re\u00e7ues et dans la mesure o\u00f9 il est hautement probable qu\u2019il ne sera pas n\u00e9cessaire de proc\u00e9der \u00e0 une reprise significative du montant cumul\u00e9 du chiffre d\u2019affaires. a) Hypoth\u00e8ses actuarielles Les principales hypoth\u00e8ses actuarielles en moyenne pond\u00e9r\u00e9e \u00e0 la date de cl\u00f4ture \u00e9taient les suivantes (en moyenne pond\u00e9r\u00e9e) :  2022 2021 Taux d'actualisation  3,66 %  0,21 % Inflation  2,80 %  2,10 % Croissance salariale  3,05 %  2,95 % Dur\u00e9e du r\u00e9gime (exprim\u00e9e en ann\u00e9es)  5,41  6,26Les hypoth\u00e8ses concernant la mortalit\u00e9 future ont \u00e9t\u00e9 bas\u00e9es sur les statistiques publi\u00e9es et les tableaux de mortalit\u00e9. Au 31 d\u00e9cembre 2022, le cumul des pertes fiscales reportables disponibles pour utilisation future s'\u00e9levait \u00e0 61,3 millions d'euros. Les soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 52,6 millions d'euros sur les pertes fiscales parce que la direction estimait probable que de futurs b\u00e9n\u00e9fices imposables seraient disponibles pour lesquels de telles pertes fiscales pourraient \u00eatre utilis\u00e9es au cours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7,9 millions d'euros concerne le segment Tubes d\u2019acier, tandis que le montant correspondant pour le segment C\u00e2bles est de 3,7 millions d'euros. Selon les estimations de la direction concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisation des pertes fiscales conform\u00e9ment \u00e0 la l\u00e9gislation fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 comptabilis\u00e9s comme pertes fiscales report\u00e9es pour un montant de 8,7 millions d\u2019euros expirant au cours de la p\u00e9riode allant de 2023 \u00e0 2027. Ces pertes fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re. En vertu des dispositions des articles 49 et 72 de la loi grecque 4172/2013 relative \u00e0 la sous-capitalisation, les int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019exercice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITDA et si tout exc\u00e9dent peut \u00eatre affect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires relatives \u00e0 la sous-capitalisation s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019euros n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITDA. Les frais d'int\u00e9r\u00eats nets exc\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuvent \u00eatre report\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,7 millions d\u2019euros. B. Risques de cr\u00e9dit et de march\u00e9 et pertes de valeur sur cr\u00e9ances clients En 2010, la filiale Corinth Pipeworks SA a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice contre un ancien client au Moyen-Orient concernant le recouvrement d'une cr\u00e9ance en souffrance de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9cembre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de proc\u00e9dures judiciaires, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 2017 et a d\u00e9cid\u00e9 de rejeter toute demande reconventionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipeworks. Afin de recouvrer ce solde d\u00fb depuis longtemps, Corinth Pipeworks a engag\u00e9 des proc\u00e9dures d\u2019ex\u00e9cution \u00e0 l\u2019encontre des actifs de l'ancien client situ\u00e9s dans l'un des pays o\u00f9 l'arr\u00eat de la Cour de cassation rendu contre l'ancien client est ex\u00e9cutoire (c'est-\u00e0-dire les \u00c9mirats Arabes Unis et divers autres pays du Moyen-Orient). Il n'y a pas eu d'autres d\u00e9veloppements importants en 2022. Corinth Pipeworks avait comptabilis\u00e9 dans le pass\u00e9 une perte de valeur de 24,8 millions de dollars am\u00e9ricains. Toutefois, la filiale poursuivra toute action requise afin de recouvrer l\u2019int\u00e9gralit\u00e9 de cette cr\u00e9ance. Des informations sur l\u2019exposition de Cenergy Holdings aux risques de cr\u00e9dit et de march\u00e9, ainsi que sur les pertes de valeur li\u00e9es aux cr\u00e9ances clients et autres d\u00e9biteurs sont incluses \u00e0 la note 29.C.1. D. Tests de d\u00e9pr\u00e9ciation Ces immobilisations incorporelles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sorerie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent d\u2019effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UGT du site de production de c\u00e2bles sous-marins de Fulgor qui int\u00e8gre ces actifs. Pour \u00e9valuer la valeur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie fond\u00e9es sur des estimations de la Direction couvrant une p\u00e9riode de cinq ans (2023 \u2013 2027). Ces projections tiennent compte des contrats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats attendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tranger. L'UGT des c\u00e2bles sous-marins fonctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par cons\u00e9quent, les hypoth\u00e8ses relatives \u00e0 la croissance du chiffre d'affaires et de la rentabilit\u00e9 sont bas\u00e9es sur les contrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui devraient \u00eatre entrepris au cours de la p\u00e9riode \u00e0 venir. Les principales hypoth\u00e8ses concernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les projets \u00e0 ex\u00e9cuter au cours de la p\u00e9riode de cinq ans sont les suivantes : \u2022  Utilisation progressivement \u00e9lev\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor, comme celle observ\u00e9e au cours des 3 derni\u00e8res ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 attribu\u00e9s et de ceux attendus compte tenu de l\u2019activit\u00e9 d\u2019appel d\u2019offres. Compte tenu du carnet de commandes existant et de la croissance des activit\u00e9s li\u00e9es aux \u00e9nergies renouvelables dans le monde entier, qui est un facteur important des perspectives attrayantes du march\u00e9 de la production d\u2019\u00e9nergie en mer, le niveau d\u2019activit\u00e9 \u00e9lev\u00e9 devrait \u00eatre maintenu tout au long de la p\u00e9riode 2023-2027. \u2022  D\u00e9penses d\u2019investissement d\u2019environ 189 millions d\u2019euros au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de production et de capacit\u00e9. Les d\u00e9penses d\u2019investissement refl\u00e8tent les investissements pour la maintenance ainsi que la croissance organique. Pour la p\u00e9riode terminale, l\u2019hypoth\u00e8se est que les investissements sont \u00e9gaux \u00e0 l\u2019amortissement. \u2022  Le taux de croissance annuel compos\u00e9 du chiffre d\u2019affaires de l\u2019activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 environ 24 %, en raison de l\u2019attribution de nouveaux projets, principalement en Gr\u00e8ce, en Europe du Nord et aux \u00c9tats-Unis. \u2022  La marge EBITDA par projet offshore est suppos\u00e9e se situer dans une fourchette de 15 % \u00e0 25 % du chiffre d\u2019affaires. La rentabilit\u00e9 estim\u00e9e par projet varie en fonction des diff\u00e9rents types de c\u00e2bles requis, des sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ographique et du calendrier du projet.  \u2022  Le taux de croissance annuel compos\u00e9 des frais d\u2019exploitation fixes est suppos\u00e9 \u00e9gal \u00e0 environ 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sorerie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019aide d\u2019un taux de croissance \u00e0 long terme estim\u00e9 de 1,52%, qui refl\u00e8te principalement les estimations de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de croissance \u00e0 long terme du secteur des c\u00e2bles offshore. Le taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de ces flux de tr\u00e9sorerie \u00e9tait de 12,02%, sur la base des hypoth\u00e8ses suivantes : \u2022  Le taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations europ\u00e9ennes AAA.\u2022  Les calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la composition des ventes futures attendues et sur le fait que l\u2019unit\u00e9 commerciale est bas\u00e9e en Gr\u00e8ce.\u2022  La prime de risque de march\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dire plus \u00e9lev\u00e9e que celle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8re, \u00e9tant donn\u00e9 que les conditions de march\u00e9 se sont d\u00e9t\u00e9rior\u00e9es. Les prix des produits de base pour le cuivre et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du test de d\u00e9pr\u00e9ciation ; toutefois, les activit\u00e9s de couverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la nature personnalis\u00e9e des produits vendus par Fulgor, sugg\u00e8rent que la valeur de l\u2019unit\u00e9 commerciale n\u2019est pas affect\u00e9e de mani\u00e8re significative par les fluctuations des prix des produits de base. Par cons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le contexte du test de d\u00e9pr\u00e9ciation. Les r\u00e9sultats de ce test indiquent que la valeur recouvrable au 31 d\u00e9cembre 2022 d\u00e9passe de 688 millions d\u2019euros la valeur comptable de l\u2019UGT (soit 233 millions d\u2019euros). Une analyse de sensibilit\u00e9 portant sur les principales hypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et croissance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019ad\u00e9quation de la marge de s\u00e9curit\u00e9. Les r\u00e9sultats de cette analyse de sensibilit\u00e9 ont indiqu\u00e9 que le montant recouvrable exc\u00e8de nettement la valeur comptable de l\u2019UGT. Les hypoth\u00e8ses peuvent changer comme suit pour que la valeur recouvrable soit \u00e9gale \u00e0 la valeur comptable :  Hypoth\u00e8ses utilis\u00e9es Variation de taux  (en points de pourcentage)   Taux d\u2019actualisation  12,02 %  + 14,5 ppc Croissance perp\u00e9tuelle  1,52 %  - 118,0 ppc(a) Cr\u00e9ances clients et autres d\u00e9biteurs et actifs sur contrats L\u2019exposition de Cenergy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. Toutefois, la direction des soci\u00e9t\u00e9s consid\u00e8re \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du secteur et du pays dans lequel les clients exercent leur activit\u00e9. A la date de cl\u00f4ture, aucun client ne d\u00e9passe 10 % du chiffre d\u2019affaires consolid\u00e9 et, par cons\u00e9quent, le risque commercial est r\u00e9parti sur un grand nombre de clients. Toutefois, en raison du fait que les activit\u00e9s de certaines filiales (par exemple, Corinth Pipeworks, Hellenic Cables et Fulgor) sont orient\u00e9es vers des projets, il peut y avoir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une courte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment Tubes d\u2019acier, \u00e0 savoir Collahuasi, en raison du calendrier d\u2019ex\u00e9cution de certains contrats sign\u00e9s. Cenergy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est examin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, avant que les termes standard de paiement et de livraison lui soient propos\u00e9s. L\u2019examen effectu\u00e9 par Cenergy Holdings inclut des notations externes, si elles existent et, dans certains cas, des r\u00e9f\u00e9rences bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont revus sur la base des circonstances courantes et, le cas \u00e9ch\u00e9ant, les termes de ventes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9rale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019assurance re\u00e7ues pour eux par les compagnies d\u2019assurances et, ensuite, les cr\u00e9ances sont assur\u00e9es sur la base de ces limites. Lors du suivi du risque de cr\u00e9dit des clients, ceux-ci sont regroup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ristiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9ventuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la recouvrabilit\u00e9. Les cr\u00e9ances clients et autres d\u00e9biteurs incluent principalement des clients de ventes en gros des filiales de Cenergy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les ventes subs\u00e9quentes doivent \u00eatre pay\u00e9es \u00e0 l\u2019avance. Selon le contexte du client et son statut, les filiales de Cenergy Holdings peuvent exiger des garanties ou d'autres s\u00fbret\u00e9s (par exemple, des lettres de garantie) afin d\u2019assurer leurs cr\u00e9ances, si possible. Cenergy Holdings enregistre une d\u00e9pr\u00e9ciation qui repr\u00e9sente son estimation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9ances clients et autres d\u00e9biteurs. Le 31 d\u00e9cembre, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9ances clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suivante :  Montants en milliers d\u2019euros  2022  2021 Gr\u00e8ce  178.892  96.469 Autres \u00e9tats membres de l'UE  79.014  49.974 Autres pays europ\u00e9ens   13.521  25.372 Asie   13.366  36.471 Am\u00e9rique (Nord et Sud)   69.363  2.128 Afrique  1.621  1.204 Total   355.778  211.617",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-4": {
   "value": "4. Recours \u00e0 des es<span class=\"_ _1\"></span>timations et jugements<span class=\"_ _8\"></span> La pr\u00e9paration des \u00e9ta<span class=\"_ _1\"></span>ts financiers selon les normes IFRS exige que la Direction e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce des jugements, r\u00e9alise des estimations et \u00e9tablisse des h<span class=\"_ _1\"></span>ypoth\u00e8ses qui ont des incidences sur l\u2018application des m\u00e9thodes comptables de Cener<span class=\"_ _1\"></span>gy Holdings et sur les montants comptabilis\u00e9s des actifs, passifs, produits et char<span class=\"_ _1\"></span>ges. Les valeurs r\u00e9elles peuvent diff\u00e9r<span class=\"_ _1\"></span>er de ces estimations. Les estimations et jugements de la Dir<span class=\"_ _1\"></span>ection sont r\u00e9ex<span class=\"_ _1\"></span>amin\u00e9s de fa\u00e7on p\u00e9riodique. La r\u00e9vision des estimations est appliq<span class=\"ws1\">u\u00e9e de fa\u00e7on pr<span class=\"_ _1\"></span>ospective. </span>Les informations r<span class=\"_ _1\"></span>elatives aux jugements, h<span class=\"_ _1\"></span>ypoth\u00e8ses et incertitudes d'estimation qui pr\u00e9sent<span class=\"_ _1\"></span>ent un risque<span class=\"_ _8\"></span> significatif d'entra\u00eener un ajus<span class=\"_ _1\"></span>tement important des valeurs c<span class=\"_ _1\"></span>omptables des actifs et passifs au cours du prochain ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont incluses dans les notes suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 7<span class=\"_ _1\"></span>.F \u2013 Comptabilisation du chiffr<span class=\"_ _1\"></span>e d\u2019aff<span class=\"_ _1\"></span>aires ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 11.C.a \u2013 \u00c9v<span class=\"_ _1\"></span>aluation des obligations au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies : principales hypoth\u00e8ses actuarielles ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 13.C \u2013 C<span class=\"_ _1\"></span>omptabilisation d\u2019actifs d\u2019imp\u00f4t diff\u00e9r\u00e9, disponibilit\u00e9 de b\u00e9n\u00e9fices imposables futurs pouv<span class=\"_ _1\"></span>ant \u00eatre utilis\u00e9s pour le report de pert<span class=\"_ _1\"></span>es fiscales ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 15.B \u2013 Recouvr<span class=\"_ _1\"></span>abilit\u00e9 des cr\u00e9ances en souffranc<span class=\"_ _1\"></span>e d\u2019un ancien client au Moy<span class=\"_ _1\"></span>en-Orient ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 17<span class=\"_ _1\"></span>.D \u2013 Pert<span class=\"_ _1\"></span>e de valeur sur immobilis\u00e9s corpor<span class=\"_ _1\"></span>elles ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 19.D \u2013 T<span class=\"_ _0\"></span>est de d\u00e9pr\u00e9ciation : hypoth\u00e8ses cl\u00e9s sous-jac<span class=\"_ _1\"></span>entes aux montants rec<span class=\"_ _1\"></span>ouvrables ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 20.B \u2013 Ev<span class=\"_ _1\"></span>aluation de la juste v<span class=\"_ _1\"></span>aleur des biens immobiliers de placements ; \u2022 <span class=\"_ _20\"> </span>Not<span class=\"_ _1\"></span>e 30.<span class=\"_ _1\"></span>C1 \u2013 Evaluation des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues sur cr\u00e9ances clients et actifs sur c<span class=\"_ _1\"></span>ontrats : h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> cl\u00e9s pour d\u00e9terminer les taux de perte pr\u00e9vus. F<span class=\"_ _0\"></span>. Jugements essentiels dans la comptabilisation du chiffre d\u2019<span class=\"_ _1\"></span>affaires Lors de la comptabilisation du chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de pres<span class=\"_ _1\"></span>tation, l'identification des obligations de pres<span class=\"_ _1\"></span>tation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de pr<span class=\"_ _1\"></span>estation. Les estimations les plus significativ<span class=\"_ _1\"></span>es sont d\u00e9crites ci-dessous : \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats incluant plusieurs obligations de pr<span class=\"_ _1\"></span>estation se r<span class=\"_ _1\"></span>etrouv<span class=\"_ _1\"></span>ent principalement dans le segment C\u00e2bles,<span class=\"_ _8\"></span> concernant des pr<span class=\"_ _1\"></span>ojets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, c<span class=\"_ _1\"></span>omme d\u00e9crit dans<span class=\"_ _8\"></span> la note 7<span class=\"_ _0\"></span>.B et la note 5.3. Dans ces cas, le t<span class=\"_ _1\"></span>otal du prix de l\u2019op\u00e9r<span class=\"_ _1\"></span>ation est allou\u00e9 \u00e0 ces obligations de pr<span class=\"_ _1\"></span>estation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou servic<span class=\"_ _1\"></span>es promis, livr\u00e9 de fa\u00e7on isol\u00e9e<span class=\"_ _1\"></span>. Si ces biens et services ne sont pas v<span class=\"_ _1\"></span>endus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus mar<span class=\"_ _1\"></span>ge \u00bb est adopt\u00e9e. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus pro<span class=\"_ _1\"></span>venant de la f<span class=\"_ _1\"></span>abrication de produits sur mesur<span class=\"_ _1\"></span>e pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie sont comptabilis\u00e9s au<span class=\"_ _8\"></span> fur et \u00e0 mesure<span class=\"_ _1\"></span>. Dans de tels projets, les c<span class=\"_ _1\"></span>ontrats sign\u00e9s par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings comprennent deux engagements : \u2022 <span class=\"_ _20\"> </span>pr<span class=\"_ _1\"></span>oduire des pr<span class=\"_ _1\"></span>oduits sur mesure en fonction des sp\u00e9cifications des clients et \u2022 <span class=\"_ _20\"> </span>tr<span class=\"_ _1\"></span>ansporter ces pr<span class=\"_ _1\"></span>oduits sur le site du client.  <span class=\"_ _6c\"> </span>Dans de t<span class=\"_ _1\"></span>els cas, le transport est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une obligation de prestation dis<span class=\"_ _1\"></span>tincte, car les deux crit\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9nonc\u00e9s dans IFRS 15.27 sont r<span class=\"_ _1\"></span>emplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport off<span class=\"_ _1\"></span>ert et que la<span class=\"_ _8\"></span> promes<span class=\"_ _1\"></span>se de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de c<span class=\"_ _1\"></span>es produits personnalis\u00e9s.  <span class=\"_ _6c\"> </span>Le chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es pour les commandes de produits standar<span class=\"_ _1\"></span>dis\u00e9s (sections structur<span class=\"_ _1\"></span>elles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s<span class=\"_ _1\"></span>) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'es<span class=\"_ _1\"></span>t pas consid\u00e9r\u00e9 comme une obligation de pr<span class=\"_ _1\"></span>estation distincte, puisque le deuxi\u00e8me crit\u00e8r<span class=\"_ _1\"></span>e de la norme IFRS 15.27 n'est pas r<span class=\"_ _1\"></span>espect\u00e9.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>ertains contrats a<span class=\"_ _1\"></span>vec des clients impliquent un c<span class=\"_ _1\"></span>o\u00fbt de transaction variable<span class=\"_ _1\"></span>, car ils incluent une remise sur le volume ou une r<span class=\"_ _1\"></span>emise commer<span class=\"_ _1\"></span>ciale bas\u00e9e sur le total des vent<span class=\"_ _1\"></span>es au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le pr<span class=\"_ _1\"></span>oduit est comptabilis\u00e9 en fonction des v<span class=\"_ _1\"></span>entes pr\u00e9vues au client tout au long de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice, \u00e0 mesure que c<span class=\"_ _1\"></span>es ventes sont r\u00e9alis\u00e9es et que de nouv<span class=\"_ _1\"></span>elles commandes sont r<span class=\"_ _1\"></span>e\u00e7ues et dans la mesure o\u00f9 il est hautement pr<span class=\"_ _1\"></span>obable qu\u2019il ne sera pas n\u00e9ces<span class=\"_ _1\"></span>saire de proc\u00e9der \u00e0 une r<span class=\"_ _1\"></span>eprise significative du montant cumul\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires. a) Hypoth\u00e8ses actuarielles Les principales hypoth\u00e8ses actuarielles en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture \u00e9taient les suiv<span class=\"_ _1\"></span>antes (en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e) : <span class=\"_ _100\"> </span>2022 2021 T<span class=\"_ _0\"></span>aux d'actualisation <span class=\"_ _102\"> </span>3,66 % <span class=\"_ _170\"> </span>0,21 % Inflation <span class=\"_ _171\"> </span>2,80 % <span class=\"_ _170\"> </span>2,10 % Croissanc<span class=\"_ _1\"></span>e salariale <span class=\"_ _172\"> </span>3,05 % <span class=\"_ _db\"> </span>2,95 % Dur\u00e9e du r\u00e9gime (e<span class=\"_ _1\"></span>xprim\u00e9e en ann\u00e9es) <span class=\"_ _173\"> </span>5,41 <span class=\"_ _132\"> </span>6,26Les hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant la mortalit\u00e9 future ont \u00e9t\u00e9 bas\u00e9es sur les s<span class=\"_ _1\"></span>tatistiques publi\u00e9es et les tableaux de<span class=\"_ _8\"></span> mortalit\u00e9. Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le cumul des pertes fiscales r<span class=\"_ _1\"></span>eportables disponibles pour utilisation future s'\u00e9le<span class=\"_ _1\"></span>vait \u00e0 61,3 millions d'euros. L<span class=\"_ _1\"></span>es soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 5<span class=\"_ _1\"></span>2,6 millions<span class=\"_ _8\"></span> d'euros sur les pert<span class=\"_ _1\"></span>es fiscales parce que la dir<span class=\"_ _1\"></span>ection estimait probable que de futurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables seraient disponibles pour lesquels de telles pertes fiscales pourr<span class=\"_ _1\"></span>aient \u00eatre utilis\u00e9es au c<span class=\"_ _1\"></span>ours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7<span class=\"_ _0\"></span>,9 millions d'euros conc<span class=\"_ _1\"></span>erne le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, tandis que le montant corr<span class=\"_ _1\"></span>espondant pour le segment C\u00e2bles est de 3,7 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Selon les estimations de la dir<span class=\"_ _1\"></span>ection concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisa<span class=\"_ _1\"></span>tion des pertes<span class=\"_ _8\"></span> fiscales conform\u00e9ment \u00e0 la l\u00e9gisla<span class=\"_ _1\"></span>tion fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s<span class=\"_ _8\"></span> comme pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es pour un montant de 8,7 millions d\u2019<span class=\"_ _1\"></span>euros e<span class=\"_ _1\"></span>xpirant au c<span class=\"_ _1\"></span>ours de la p\u00e9riode allant de<span class=\"_ _8\"></span> 2023 \u00e0 202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. Ces pert<span class=\"_ _1\"></span>es fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En vertu des dispositions des articles 4<span class=\"_ _1\"></span>9 et 72 de la loi grec<span class=\"_ _1\"></span>que 4172/20<span class=\"_ _1\"></span>13 relativ<span class=\"_ _1\"></span>e \u00e0 la sous-capitalisation, les<span class=\"_ _8\"></span> int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITD<span class=\"_ _1\"></span>A et si tout ex<span class=\"_ _1\"></span>c\u00e9dent peut \u00eatre aff<span class=\"_ _1\"></span>ect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires r<span class=\"_ _1\"></span>elatives \u00e0 la sous-capitalisa<span class=\"_ _1\"></span>tion s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITD<span class=\"_ _1\"></span>A. Les fr<span class=\"_ _1\"></span>ais d'int\u00e9r\u00eats nets ex<span class=\"_ _1\"></span>c\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuv<span class=\"_ _1\"></span>ent \u00eatre r<span class=\"_ _1\"></span>eport\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,<span class=\"_ _1\"></span>7 millions d\u2019eur<span class=\"_ _1\"></span>os. B. Risques de cr\u00e9dit et de march\u00e9 et pertes de v<span class=\"_ _1\"></span>aleur sur cr\u00e9ances clients En 2010, la filiale C<span class=\"_ _1\"></span>orinth Pipeworks S<span class=\"_ _1\"></span>A a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice c<span class=\"_ _1\"></span>ontre un ancien client au Moy<span class=\"_ _1\"></span>en-Orient conc<span class=\"_ _1\"></span>ernant le recouvr<span class=\"_ _1\"></span>ement d'une cr\u00e9ance en souffranc<span class=\"_ _1\"></span>e de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de pr<span class=\"_ _1\"></span>oc\u00e9dures judiciair<span class=\"_ _1\"></span>es, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 20<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span> et a d\u00e9cid\u00e9 de rejet<span class=\"_ _1\"></span>er toute demande r<span class=\"_ _1\"></span>econv<span class=\"_ _1\"></span>entionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipew<span class=\"_ _1\"></span>orks.<span class=\"_ _8\"></span> Afin de r<span class=\"_ _1\"></span>ecouvrer c<span class=\"_ _1\"></span>e solde d\u00fb depuis longtemps, Corinth Pipe<span class=\"_ _1\"></span>works a engag\u00e9 des proc\u00e9dur<span class=\"_ _1\"></span>es d\u2019<span class=\"_ _1\"></span>ex\u00e9cution \u00e0 l\u2019<span class=\"_ _1\"></span>encontre des actifs de l'ancien client situ\u00e9s dans l'un des pa<span class=\"_ _1\"></span>ys o\u00f9 l'arr\u00eat de la Cour de cassa<span class=\"_ _1\"></span>tion rendu contr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> l'ancien client est e<span class=\"_ _1\"></span>x\u00e9cutoire (<span class=\"_ _1\"></span>c'est-\u00e0-dire les \u00c9mir<span class=\"_ _1\"></span>ats Arabes Unis et div<span class=\"_ _1\"></span>ers autres pa<span class=\"_ _1\"></span>ys du Mo<span class=\"_ _1\"></span>yen-Orient). Il n'y a pas eu d'autres d\u00e9v<span class=\"_ _1\"></span>eloppements importants en 2022. Corinth Pipe<span class=\"_ _1\"></span>works av<span class=\"_ _1\"></span>ait comptabilis\u00e9 dans le pass\u00e9 une perte de v<span class=\"_ _1\"></span>aleur de 24,8 millions de dollars am\u00e9ricains. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la filiale poursuivra toute action r<span class=\"_ _1\"></span>equise afin de rec<span class=\"_ _1\"></span>ouvrer l\u2019int\u00e9gralit\u00e9 de c<span class=\"_ _1\"></span>ette cr\u00e9ance<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition de Cenergy Holdings aux risques de cr\u00e9dit et de mar<span class=\"_ _1\"></span>ch\u00e9, ainsi que sur les pertes de<span class=\"_ _8\"></span> valeur li\u00e9es aux cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs sont incluses \u00e0 la not<span class=\"_ _1\"></span>e 29.C.<span class=\"_ _1\"></span>1. D<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ests de d\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> Ces immobilisations incorpor<span class=\"_ _1\"></span>elles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UG<span class=\"_ _1\"></span>T du site de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles sous-marins de Fulgor<span class=\"_ _8\"></span> qui int\u00e8gre c<span class=\"_ _1\"></span>es actifs. Pour \u00e9valuer la v<span class=\"_ _1\"></span>aleur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie f<span class=\"_ _1\"></span>ond\u00e9es sur des estimations de la Direction c<span class=\"_ _1\"></span>ouvrant une p\u00e9riode de cinq ans (2023 \u2013 202<span class=\"_ _1\"></span>7). Ces<span class=\"_ _8\"></span> projections tiennent c<span class=\"_ _1\"></span>ompte des contr<span class=\"_ _1\"></span>ats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats a<span class=\"_ _1\"></span>ttendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>. L'UGT des c\u00e2bles sous-marins f<span class=\"_ _1\"></span>onctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par c<span class=\"_ _1\"></span>ons\u00e9quent, les hypoth\u00e8ses relativ<span class=\"_ _1\"></span>es \u00e0 la crois<span class=\"_ _1\"></span>sance du chiffre d'aff<span class=\"_ _1\"></span>aires et de la rentabilit\u00e9 sont bas\u00e9es sur les c<span class=\"_ _1\"></span>ontrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui de<span class=\"_ _1\"></span>vraient \u00eatr<span class=\"_ _1\"></span>e entrepris au cours de la p\u00e9riode \u00e0 v<span class=\"_ _1\"></span>enir<span class=\"_ _1\"></span>. Les principales hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les pr<span class=\"_ _1\"></span>ojets \u00e0 ex\u00e9cuter au c<span class=\"_ _1\"></span>ours de la p\u00e9riode de cinq ans sont les suivantes : \u2022 <span class=\"_ _20\"> </span>Utilisa<span class=\"_ _1\"></span>tion progres<span class=\"_ _1\"></span>sivement \u00e9le<span class=\"_ _1\"></span>v\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>omme celle<span class=\"_ _8\"></span> observ\u00e9e au cours des 3 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 a<span class=\"_ _1\"></span>ttribu\u00e9s et de ceux attendus c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> tenu de l\u2019<span class=\"_ _1\"></span>activit\u00e9 d\u2019appel d\u2019<span class=\"_ _1\"></span>offres. Compt<span class=\"_ _1\"></span>e tenu du carnet de commandes e<span class=\"_ _1\"></span>xistant et de la croissanc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> activit\u00e9s li\u00e9es aux \u00e9nergies r<span class=\"_ _1\"></span>enouvelables dans le monde entier<span class=\"_ _0\"></span>, qui est un facteur important des perspectiv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> attr<span class=\"_ _1\"></span>ayant<span class=\"_ _1\"></span>es du march\u00e9 de la production d\u2019\u00e9ner<span class=\"_ _1\"></span>gie en mer<span class=\"_ _1\"></span>, le niv<span class=\"_ _1\"></span>eau d\u2019activit\u00e9 \u00e9lev\u00e9 de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e maintenu tout au long de la p\u00e9riode 2023-202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. \u2022 <span class=\"_ _20\"> </span>D\u00e9penses d\u2019in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sement d\u2019en<span class=\"_ _1\"></span>viron 189 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de pr<span class=\"_ _1\"></span>oduction et de capacit\u00e9. Les d\u00e9penses d\u2019inv<span class=\"_ _1\"></span>estissement r<span class=\"_ _1\"></span>efl\u00e8tent les inv<span class=\"_ _1\"></span>estissements pour la maintenanc<span class=\"_ _1\"></span>e ainsi que la croissanc<span class=\"_ _1\"></span>e organique. Pour la p\u00e9riode t<span class=\"_ _1\"></span>erminale, l\u2019hypoth\u00e8se est que les inv<span class=\"_ _1\"></span>estissements sont \u00e9gaux \u00e0 l\u2019<span class=\"_ _1\"></span>amortissement. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires de l\u2019<span class=\"_ _1\"></span>activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 envir<span class=\"_ _1\"></span>on 24 %, en r<span class=\"_ _1\"></span>aison de l\u2019attribution de nouv<span class=\"_ _1\"></span>eaux projets, principalement en Gr\u00e8ce<span class=\"_ _1\"></span>, en Europe du Nord et aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>La mar<span class=\"_ _1\"></span>ge EBITD<span class=\"_ _1\"></span>A par projet offshor<span class=\"_ _1\"></span>e est suppos\u00e9e se situer dans une fourchett<span class=\"_ _1\"></span>e de 15 % \u00e0 25 % du chiffre d\u2019aff<span class=\"_ _1\"></span>aires. La rentabilit\u00e9 es<span class=\"_ _1\"></span>tim\u00e9e par projet varie en f<span class=\"_ _1\"></span>onction des diff\u00e9rents types de c\u00e2bles r<span class=\"_ _1\"></span>equis, des<span class=\"_ _8\"></span> sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ogr<span class=\"_ _1\"></span>aphique et du calendrier du projet.  \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 des frais d\u2019<span class=\"_ _1\"></span>exploita<span class=\"_ _1\"></span>tion fixes est suppos\u00e9 \u00e9gal \u00e0 en<span class=\"_ _1\"></span>viron 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de croissanc<span class=\"_ _1\"></span>e \u00e0 long<span class=\"_ _8\"></span> terme estim\u00e9 de 1,5<span class=\"_ _1\"></span>2%, qui refl\u00e8te principalement les estima<span class=\"_ _1\"></span>tions de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de cr<span class=\"_ _1\"></span>oissance \u00e0 long t<span class=\"_ _1\"></span>erme du secteur des c\u00e2bles offshore. L<span class=\"_ _1\"></span>e taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de c<span class=\"_ _1\"></span>es flux de tr\u00e9sorerie \u00e9tait de 12,0<span class=\"_ _1\"></span>2%, sur la base des hypoth\u00e8ses suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations eur<span class=\"_ _1\"></span>op\u00e9ennes AAA.\u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la c<span class=\"_ _1\"></span>omposition des ventes futur<span class=\"_ _1\"></span>es attendues et sur le fait que l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale est bas\u00e9e en Gr\u00e8ce.\u2022 <span class=\"_ _20\"> </span>La prime de risque de mar<span class=\"_ _1\"></span>ch\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e plus \u00e9lev\u00e9e que c<span class=\"_ _1\"></span>elle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8r<span class=\"_ _1\"></span>e, \u00e9tant donn\u00e9 que les conditions de mar<span class=\"_ _1\"></span>ch\u00e9 se sont d\u00e9t\u00e9rior\u00e9es.<span class=\"_ _8\"></span> Les prix <span class=\"_ _8\"></span>des produits de base pour le cuivr<span class=\"_ _1\"></span>e et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du t<span class=\"_ _1\"></span>est<span class=\"_ _8\"></span> de d\u00e9pr<span class=\"_ _1\"></span>\u00e9ciation ;<span class=\"_ _1\"></span> toutefois, les activit\u00e9s de c<span class=\"_ _1\"></span>ouverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la na<span class=\"_ _1\"></span>ture personnalis\u00e9e des produits v<span class=\"_ _1\"></span>endus par Fulgor<span class=\"_ _1\"></span>, sugg\u00e8r<span class=\"_ _1\"></span>ent que la valeur de l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale n\u2019<span class=\"_ _1\"></span>est pas affect\u00e9e de mani\u00e8re significativ<span class=\"_ _1\"></span>e par les fluctuations des prix des produits de base. Par c<span class=\"_ _1\"></span>ons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le cont<span class=\"_ _1\"></span>exte du t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation.<span class=\"_ _8\"></span> Les r\u00e9sultats de ce t<span class=\"_ _1\"></span>est indiquent que la valeur r<span class=\"_ _1\"></span>ecouvrable au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 d\u00e9pas<span class=\"_ _1\"></span>se de 688 millions d\u2019eur<span class=\"_ _1\"></span>os la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable de l\u2019UGT (soit 233 millions d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Une analyse de sensibilit\u00e9 portant sur les principales h<span class=\"_ _1\"></span>ypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et crois<span class=\"_ _1\"></span>sance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019<span class=\"_ _1\"></span>ad\u00e9quation de la marge de s\u00e9curit\u00e9. L<span class=\"_ _1\"></span>es r\u00e9sultats de cette analy<span class=\"_ _1\"></span>se de<span class=\"_ _8\"></span> sensibilit\u00e9 ont indiqu\u00e9 que le montant rec<span class=\"_ _1\"></span>ouvrable e<span class=\"_ _1\"></span>xc\u00e8de nettement la v<span class=\"_ _1\"></span>aleur comptable de l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>. Les hypoth\u00e8ses peuvent changer c<span class=\"_ _1\"></span>omme suit pour que la valeur r<span class=\"_ _1\"></span>ecouvrable soit \u00e9gale \u00e0 la v<span class=\"_ _1\"></span>aleur comptable :  Hypoth\u00e8ses utilis\u00e9es V<span class=\"_ _1\"></span>ariation de taux  (<span class=\"_ _1\"></span>en points de pourcentage<span class=\"_ _1\"></span>)<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  T<span class=\"_ _0\"></span>aux d\u2019actualisation <span class=\"_ _1e2\"> </span>12,<span class=\"_ _1\"></span>02 % <span class=\"_ _203\"> </span>+ 14,5 ppc Croissance perp\u00e9tuelle <span class=\"_ _154\"> </span>1,52 % <span class=\"_ _1a7\"> </span>- 118,<span class=\"_ _1\"></span>0 ppc(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-28-2": {
   "value": "5.<span class=\"_ _1\"></span>1 Base de la consolidation (a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. (b) T<span class=\"_ _0\"></span>ransactions sous contr\u00f4le commun Un regr<span class=\"_ _1\"></span>oupement d\u2019<span class=\"_ _1\"></span>entreprises dans lequel tout<span class=\"_ _1\"></span>es les entit\u00e9s regroup\u00e9es ou activit\u00e9s sont c<span class=\"_ _1\"></span>ontr\u00f4l\u00e9es in fine par la<span class=\"_ _8\"></span> m\u00eame partie ou les m\u00eames parties tant av<span class=\"_ _1\"></span>ant qu\u2019apr\u00e8s le r<span class=\"_ _1\"></span>egroupement, et ce contr\u00f4le n\u2019<span class=\"_ _1\"></span>est pas t<span class=\"_ _1\"></span>emporair<span class=\"_ _1\"></span>e, est une transaction sous c<span class=\"_ _1\"></span>ontr\u00f4le commun. Le gr<span class=\"_ _1\"></span>oupe a choisi de comptabiliser les transactions sous contr\u00f4le c<span class=\"_ _1\"></span>ommun \u00e0<span class=\"_ _8\"></span> la valeur c<span class=\"_ _1\"></span>omptable. Les actifs nets identifiables acquis ne sont pas \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 la juste valeur<span class=\"_ _0\"></span>, ils sont comptabilis\u00e9s \u00e0 leur valeur c<span class=\"_ _1\"></span>omptable ; les immobilisations incorporelles et les pas<span class=\"_ _1\"></span>sifs \u00e9ventuels sont comptabilis\u00e9s uniquement dans la mesure o\u00f9 ils ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s avant le r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprises conform\u00e9ment aux normes IFRS applicables. T<span class=\"_ _0\"></span>oute diff\u00e9r<span class=\"_ _1\"></span>ence entre la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e et le capital de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise acquise est pr\u00e9sent\u00e9e dans les r\u00e9sultats report\u00e9s des capitaux pr<span class=\"_ _1\"></span>opres. L<span class=\"_ _1\"></span>es co\u00fbts de transaction sont cons<span class=\"_ _1\"></span>tat\u00e9s en charge lorsqu\u2019ils sont engag\u00e9s. (c<span class=\"_ _1\"></span>) Filiales<span class=\"_ _8\"></span> Les filiales sont des entit\u00e9s contr\u00f4l\u00e9es par C<span class=\"_ _1\"></span>energy Holdings. Cener<span class=\"_ _1\"></span>gy Holdings contr\u00f4le une entit\u00e9 lorsqu'elle est associ\u00e9e \u00e0, ou a des dr<span class=\"_ _1\"></span>oits sur<span class=\"_ _1\"></span>, des rendements v<span class=\"_ _1\"></span>ariables en raison de ses liens av<span class=\"_ _1\"></span>ec l'entit\u00e9 et qu'elle a la capacit\u00e9 d'influer sur ces r<span class=\"_ _1\"></span>endements en vertu du pouv<span class=\"_ _1\"></span>oir qu'elle ex<span class=\"_ _1\"></span>erce sur c<span class=\"_ _1\"></span>elle-ci. Les \u00e9tats financiers des filiales sont inclus<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s \u00e0 c<span class=\"_ _1\"></span>ompter de la date du d\u00e9but du contr\u00f4le jusqu'\u00e0 la da<span class=\"_ _1\"></span>te de la fin du contr\u00f4le. (d) P<span class=\"_ _1\"></span>articipations ne donnant pas le contr\u00f4le Les participations ne donnant pas le contr\u00f4le sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es \u00e0 leur juste v<span class=\"_ _1\"></span>aleur ou \u00e0 leur quote-part des actifs nets identifiables de la soci\u00e9t\u00e9 acquise \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition. Cette \u00e9v<span class=\"_ _1\"></span>aluation est effectu\u00e9e s\u00e9par\u00e9ment pour chacune des acquisitions. Les modifications de la participation de Cener<span class=\"_ _1\"></span>gy Holdings dans une filiale qui n'entra\u00eenent pas une pert<span class=\"_ _1\"></span>e de contr\u00f4le sont comptabilis\u00e9es comme des tr<span class=\"_ _1\"></span>ansactions portant sur les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) Perte de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> Lorsque Cener<span class=\"_ _1\"></span>gy Holdings perd le contr\u00f4le d'une filiale<span class=\"_ _1\"></span>, les actifs et les passifs de la filiale sont d\u00e9consolid\u00e9s, ainsi que toute participa<span class=\"_ _1\"></span>tion ne donnant pas le contr\u00f4le et les autres c<span class=\"_ _1\"></span>omposantes des capitaux propr<span class=\"_ _1\"></span>es. T<span class=\"_ _0\"></span>out profit ou perte qui en r\u00e9sulte es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat net. T<span class=\"_ _0\"></span>out int\u00e9r\u00eat conserv\u00e9 dans l'ancienne filiale es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 \u00e0 sa juste valeur \u00e0 la dat<span class=\"_ _1\"></span>e de la perte du contr\u00f4le. (f) Entreprises associ\u00e9es Les entr<span class=\"_ _1\"></span>eprises associ\u00e9es sont des entit\u00e9s sur lesquelles Cenergy Holdings a une influenc<span class=\"_ _1\"></span>e notable en mati\u00e8re de gestion financi\u00e8r<span class=\"_ _1\"></span>e et op\u00e9rationnelle sans e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer de contr\u00f4le ni de contr\u00f4le c<span class=\"_ _1\"></span>onjoint. C'est g\u00e9n\u00e9ralement le cas lorsque Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient entre 20 % et 50 % des droits de v<span class=\"_ _1\"></span>ote. L<span class=\"_ _1\"></span>es participations dans des entreprises associ\u00e9es sont comptabilis\u00e9es selon la m\u00e9thode de mise en \u00e9quiv<span class=\"_ _1\"></span>alence (v<span class=\"_ _1\"></span>oir [h] ci-dessous), apr\u00e8s av<span class=\"_ _1\"></span>oir \u00e9t\u00e9 initialement comptabilis\u00e9es au co\u00fbt d'ac<span class=\"_ _1\"></span>quisition.<span class=\"_ _8\"></span> (g) Part<span class=\"_ _1\"></span>enariats<span class=\"_ _8\"></span> En vertu de la norme IFRS 11 P<span class=\"_ _1\"></span>artenariats, les participations dans des partenariats sont clas<span class=\"_ _1\"></span>s\u00e9es soit comme des entreprises c<span class=\"_ _1\"></span>ommunes, soit comme des coentr<span class=\"_ _1\"></span>eprises. La classification d\u00e9pend des droits et obligations contr<span class=\"_ _1\"></span>actuels de chaque inv<span class=\"_ _1\"></span>estisseur et non de la structure juridique du part<span class=\"_ _1\"></span>enariat.<span class=\"_ _8\"></span> Entreprise commune Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet son dr<span class=\"_ _1\"></span>oit direct aux actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges des entr<span class=\"_ _1\"></span>eprises communes et \u00e0 sa<span class=\"_ _8\"></span> part des actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges d\u00e9tenus ou engag\u00e9s conjoint<span class=\"_ _1\"></span>ement. Ces \u00e9l\u00e9ments ont \u00e9t\u00e9 repris dans les \u00e9tats financiers aux rubriques appropri\u00e9es. Coentreprise Une coentr<span class=\"_ _1\"></span>eprise est un accor<span class=\"_ _1\"></span>d selon lequel Cenergy Holdings a un c<span class=\"_ _1\"></span>ontr\u00f4le conjoint, en vertu duquel C<span class=\"_ _1\"></span>energy Holdings<span class=\"_ _8\"></span> d\u00e9tient des droits sur l\u2019<span class=\"_ _1\"></span>actif net faisant l\u2019<span class=\"_ _1\"></span>objet de l\u2019acc<span class=\"_ _1\"></span>ord, plut\u00f4t que des dr<span class=\"_ _1\"></span>oits sur l\u2019actif et des obligations sur le passif<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les participations dans des coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence (voir [h] ci-dessous), apr\u00e8s a<span class=\"_ _1\"></span>voir \u00e9t\u00e9 initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es au co\u00fbt d'acquisition dans le bilan consolid\u00e9. (h) M\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon la m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e, les inv<span class=\"_ _1\"></span>estissements sont initialement comptabilis\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt<span class=\"_ _8\"></span> d\u2019acquisition et ajus<span class=\"_ _1\"></span>t\u00e9s par la suite pour comptabiliser en r\u00e9sultat la quot<span class=\"_ _1\"></span>e-part de Cenergy Holdings dans les pr<span class=\"_ _1\"></span>ofits<span class=\"_ _8\"></span> ou les pertes post-ac<span class=\"_ _1\"></span>quisition de l'entit\u00e9 d\u00e9tenue. La m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e consid\u00e8re \u00e9galement la part de Cener<span class=\"_ _1\"></span>gy Holdings dans les variations des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global de l'entit\u00e9 d\u00e9tenue, jusqu'\u00e0 la date \u00e0 laquelle c<span class=\"_ _1\"></span>esse l'influence notable ou le contr\u00f4le c<span class=\"_ _1\"></span>onjoint.Les dividendes re\u00e7us ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir d'entreprises associ\u00e9es et de coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9s en d\u00e9duction de la v<span class=\"_ _1\"></span>aleur comptable de l'inv<span class=\"_ _1\"></span>estissement. Lorsque la quote-part des pert<span class=\"_ _1\"></span>es de Cenergy Holdings dans une entit\u00e9 mise en \u00e9quiv<span class=\"_ _1\"></span>alence est \u00e9gale ou sup\u00e9rieur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00e0 sa participation dans l'entit\u00e9, Cener<span class=\"_ _1\"></span>gy Holdings ne comptabilise pas de pertes suppl\u00e9mentair<span class=\"_ _1\"></span>es, \u00e0 moins qu'elle<span class=\"_ _8\"></span> n'ait contr<span class=\"_ _1\"></span>act\u00e9 des obligations ou effectu\u00e9 des paiements au nom de l'autre entit\u00e9. Les participations de Cener<span class=\"_ _1\"></span>gy Holdings dans des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e ne comprennent que des participations dans des entreprises as<span class=\"_ _1\"></span>soci\u00e9es.<span class=\"_ _8\"></span> (i) T<span class=\"_ _1\"></span>ransactions \u00e9limin\u00e9es lors de la c<span class=\"_ _1\"></span>onsolidation<span class=\"_ _8\"></span> Les soldes et les tr<span class=\"_ _1\"></span>ansactions intragroupe<span class=\"_ _1\"></span>, ainsi que tous produits et char<span class=\"_ _1\"></span>ges non r\u00e9alis\u00e9s r\u00e9sultant de transactions intragr<span class=\"_ _1\"></span>oupe, sont \u00e9limin\u00e9s. Les gains non r\u00e9alis\u00e9s r\u00e9sultant d'op\u00e9r<span class=\"_ _1\"></span>ations av<span class=\"_ _1\"></span>ec des entit\u00e9s mises en \u00e9quivalence sont \u00e9limin\u00e9s \u00e0 concurr<span class=\"_ _1\"></span>ence de la participation d\u00e9tenue par le Gr<span class=\"_ _1\"></span>oupe dans l'entit\u00e9. Les pertes non r\u00e9alis\u00e9es sont \u00e9limin\u00e9es de la m\u00eame mani\u00e8re que les gains non r\u00e9alis\u00e9s, mais uniquement dans la mesur<span class=\"_ _1\"></span>e o\u00f9 elles ne sont pas<span class=\"_ _8\"></span> repr\u00e9sentativ<span class=\"_ _1\"></span>es d\u2019une perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-4": {
   "value": "(a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. (b) T<span class=\"_ _0\"></span>ransactions sous contr\u00f4le commun Un regr<span class=\"_ _1\"></span>oupement d\u2019<span class=\"_ _1\"></span>entreprises dans lequel tout<span class=\"_ _1\"></span>es les entit\u00e9s regroup\u00e9es ou activit\u00e9s sont c<span class=\"_ _1\"></span>ontr\u00f4l\u00e9es in fine par la<span class=\"_ _8\"></span> m\u00eame partie ou les m\u00eames parties tant av<span class=\"_ _1\"></span>ant qu\u2019apr\u00e8s le r<span class=\"_ _1\"></span>egroupement, et ce contr\u00f4le n\u2019<span class=\"_ _1\"></span>est pas t<span class=\"_ _1\"></span>emporair<span class=\"_ _1\"></span>e, est une transaction sous c<span class=\"_ _1\"></span>ontr\u00f4le commun. Le gr<span class=\"_ _1\"></span>oupe a choisi de comptabiliser les transactions sous contr\u00f4le c<span class=\"_ _1\"></span>ommun \u00e0<span class=\"_ _8\"></span> la valeur c<span class=\"_ _1\"></span>omptable. Les actifs nets identifiables acquis ne sont pas \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 la juste valeur<span class=\"_ _0\"></span>, ils sont comptabilis\u00e9s \u00e0 leur valeur c<span class=\"_ _1\"></span>omptable ; les immobilisations incorporelles et les pas<span class=\"_ _1\"></span>sifs \u00e9ventuels sont comptabilis\u00e9s uniquement dans la mesure o\u00f9 ils ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s avant le r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprises conform\u00e9ment aux normes IFRS applicables. T<span class=\"_ _0\"></span>oute diff\u00e9r<span class=\"_ _1\"></span>ence entre la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e et le capital de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise acquise est pr\u00e9sent\u00e9e dans les r\u00e9sultats report\u00e9s des capitaux pr<span class=\"_ _1\"></span>opres. L<span class=\"_ _1\"></span>es co\u00fbts de transaction sont cons<span class=\"_ _1\"></span>tat\u00e9s en charge lorsqu\u2019ils sont engag\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-5": {
   "value": "(a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. (b) T<span class=\"_ _0\"></span>ransactions sous contr\u00f4le commun Un regr<span class=\"_ _1\"></span>oupement d\u2019<span class=\"_ _1\"></span>entreprises dans lequel tout<span class=\"_ _1\"></span>es les entit\u00e9s regroup\u00e9es ou activit\u00e9s sont c<span class=\"_ _1\"></span>ontr\u00f4l\u00e9es in fine par la<span class=\"_ _8\"></span> m\u00eame partie ou les m\u00eames parties tant av<span class=\"_ _1\"></span>ant qu\u2019apr\u00e8s le r<span class=\"_ _1\"></span>egroupement, et ce contr\u00f4le n\u2019<span class=\"_ _1\"></span>est pas t<span class=\"_ _1\"></span>emporair<span class=\"_ _1\"></span>e, est une transaction sous c<span class=\"_ _1\"></span>ontr\u00f4le commun. Le gr<span class=\"_ _1\"></span>oupe a choisi de comptabiliser les transactions sous contr\u00f4le c<span class=\"_ _1\"></span>ommun \u00e0<span class=\"_ _8\"></span> la valeur c<span class=\"_ _1\"></span>omptable. Les actifs nets identifiables acquis ne sont pas \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 la juste valeur<span class=\"_ _0\"></span>, ils sont comptabilis\u00e9s \u00e0 leur valeur c<span class=\"_ _1\"></span>omptable ; les immobilisations incorporelles et les pas<span class=\"_ _1\"></span>sifs \u00e9ventuels sont comptabilis\u00e9s uniquement dans la mesure o\u00f9 ils ont \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s avant le r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprises conform\u00e9ment aux normes IFRS applicables. T<span class=\"_ _0\"></span>oute diff\u00e9r<span class=\"_ _1\"></span>ence entre la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e et le capital de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise acquise est pr\u00e9sent\u00e9e dans les r\u00e9sultats report\u00e9s des capitaux pr<span class=\"_ _1\"></span>opres. L<span class=\"_ _1\"></span>es co\u00fbts de transaction sont cons<span class=\"_ _1\"></span>tat\u00e9s en charge lorsqu\u2019ils sont engag\u00e9s. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-6": {
   "value": "(a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-7": {
   "value": "(a) Regroupements d'entr<span class=\"_ _1\"></span>eprises<span class=\"_ _8\"></span> L'acquisition de filiales est c<span class=\"_ _1\"></span>omptabilis\u00e9e selon la m\u00e9thode d'acquisition \u00e0 la date d'acquisition, c'est-\u00e0-dir<span class=\"_ _1\"></span>e la date \u00e0 laquelle le contr\u00f4le est tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9 \u00e0 Cenergy Holdings. P<span class=\"_ _1\"></span>our \u00e9valuer le niveau de c<span class=\"_ _1\"></span>ontr\u00f4le, Cener<span class=\"_ _1\"></span>gy Holdings tient<span class=\"_ _8\"></span> compte des dr<span class=\"_ _1\"></span>oits de vot<span class=\"_ _1\"></span>e importants susceptibles d'\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9s.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings mesure le goodwill \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition comme suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur de la c<span class=\"_ _1\"></span>ontrepartie pay\u00e9e; plus \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur de toute participation ne donnant pas le c<span class=\"_ _1\"></span>ontr\u00f4le dans la filiale acquise; moins \u2022 <span class=\"_ _20\"> </span>la jus<span class=\"_ _1\"></span>te valeur des actifs identifiables acquis et des pas<span class=\"_ _1\"></span>sifs identifiables repris. T<span class=\"_ _0\"></span>out goodwill fait l'objet d'un t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation annuel. T<span class=\"_ _0\"></span>out b\u00e9n\u00e9fice r\u00e9alis\u00e9 sur une acquisition \u00e0 des c<span class=\"_ _1\"></span>onditions<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>antageuses est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9 dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>outes les d\u00e9penses direct<span class=\"_ _1\"></span>ement li\u00e9es \u00e0 une acquisition sont direct<span class=\"_ _1\"></span>ement imput\u00e9es dans le compte de r\u00e9sultat consolid\u00e9. T<span class=\"_ _3c\"></span>oute contr<span class=\"_ _1\"></span>epartie \u00e9ventuelle est c<span class=\"_ _1\"></span>omptabilis\u00e9e \u00e0 sa juste valeur \u00e0 la da<span class=\"_ _1\"></span>te d'acquisition. 5.<span class=\"_ _1\"></span>10 Immobilisations incorporelles A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Recherche et d\u00e9veloppemen<span class=\"_ _1\"></span>t<span class=\"ff19\"> : les d\u00e9penses relativ<span class=\"_ _1\"></span>es aux activit\u00e9s de recherche sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat<span class=\"_ _8\"></span> </span>lorsqu\u2018elles sont engag\u00e9es. Les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement ne sont inscrits \u00e0 l\u2019<span class=\"_ _1\"></span>actif que si la d\u00e9pense peut \u00eatre \u00e9valu\u00e9e de mani\u00e8r<span class=\"_ _1\"></span>e fiable, le produit ou le pr<span class=\"_ _1\"></span>ocessus est t<span class=\"_ _1\"></span>echniquement et commercialement viable<span class=\"_ _1\"></span>, les b\u00e9n\u00e9fices \u00e9conomiques futurs sont pr<span class=\"_ _1\"></span>obables et que Cenergy Holdings a l'int<span class=\"_ _1\"></span>ention et dispose de ressour<span class=\"_ _1\"></span>ces suffisantes pour achev<span class=\"_ _1\"></span>er le d\u00e9veloppement, et utiliser ou v<span class=\"_ _1\"></span>endre l'actif<span class=\"_ _1\"></span>. Dans le cas contr<span class=\"_ _1\"></span>aire, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. Apr\u00e8s leur comptabilisation initiale, les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt d'acquisition diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>ogiciels <span class=\"ff19 ws1\">: les lic<span class=\"_ _1\"></span>ences logicielles sont comptabilis\u00e9es \u00e0 leur co\u00fbt d'acquisition diminu\u00e9 des amortis<span class=\"_ _1\"></span>sements cumul\u00e9s.<span class=\"_ _8\"></span> </span>Ces actifs sont amortis selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e qui varie entr<span class=\"_ _1\"></span>e 3 et 10 ans. Les frais li\u00e9s \u00e0 leur entretien sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice au cours duquel ils sont engag\u00e9s. Autres immobilisations inc<span class=\"_ _1\"></span>orporelles <span class=\"ff19\">: les autres immobilisations incorpor<span class=\"_ _1\"></span>elles, y compris les r<span class=\"_ _1\"></span>elations av<span class=\"_ _1\"></span>ec les clients,<span class=\"_ _8\"></span> </span>le \u00ab sav<span class=\"_ _1\"></span>oir-fair<span class=\"_ _1\"></span>e \u00bb, les brev<span class=\"_ _1\"></span>ets et les marques de c<span class=\"_ _1\"></span>ommerce, qui sont ac<span class=\"_ _1\"></span>quis par Cenergy Holdings et qui ont une dur\u00e9e de vie utile limit\u00e9e, sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur co\u00fbt diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de valeur<span class=\"_ _0\"></span>. Ces actifs sont amortis selon la m\u00e9thode de l'amortissement lin\u00e9aire sur leur dur\u00e9e de vie utile es<span class=\"_ _1\"></span>timative. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> autres immobilisations inc<span class=\"_ _1\"></span>orporelles, qui ont une dur\u00e9e de vie ind\u00e9termin\u00e9e<span class=\"_ _1\"></span>, sont \u00e9valu\u00e9es \u00e0 leur co\u00fbt, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur cumul\u00e9es. B. D\u00e9penses ult\u00e9rieures Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont port\u00e9es \u00e0 l'actif que lorsqu\u2019elles augment<span class=\"_ _1\"></span>ent les avantages \u00e9c<span class=\"_ _1\"></span>onomiques futurs de<span class=\"_ _8\"></span> l'actif auquel elles se rapport<span class=\"_ _1\"></span>ent. T<span class=\"_ _0\"></span>outes les autres d\u00e9penses, y c<span class=\"_ _1\"></span>ompris celles li\u00e9es \u00e0 un goodwill ou des marques g\u00e9n\u00e9r\u00e9es en interne, sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat lorsqu'elles sont engag\u00e9es.<span class=\"_ _8\"></span> C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-31-4": {
   "value": "(c<span class=\"_ _1\"></span>) Filiales<span class=\"_ _8\"></span> Les filiales sont des entit\u00e9s contr\u00f4l\u00e9es par C<span class=\"_ _1\"></span>energy Holdings. Cener<span class=\"_ _1\"></span>gy Holdings contr\u00f4le une entit\u00e9 lorsqu'elle est associ\u00e9e \u00e0, ou a des dr<span class=\"_ _1\"></span>oits sur<span class=\"_ _1\"></span>, des rendements v<span class=\"_ _1\"></span>ariables en raison de ses liens av<span class=\"_ _1\"></span>ec l'entit\u00e9 et qu'elle a la capacit\u00e9 d'influer sur ces r<span class=\"_ _1\"></span>endements en vertu du pouv<span class=\"_ _1\"></span>oir qu'elle ex<span class=\"_ _1\"></span>erce sur c<span class=\"_ _1\"></span>elle-ci. Les \u00e9tats financiers des filiales sont inclus<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s \u00e0 c<span class=\"_ _1\"></span>ompter de la date du d\u00e9but du contr\u00f4le jusqu'\u00e0 la da<span class=\"_ _1\"></span>te de la fin du contr\u00f4le. Les modifications de la participation de Cener<span class=\"_ _1\"></span>gy Holdings dans une filiale qui n'entra\u00eenent pas une pert<span class=\"_ _1\"></span>e de contr\u00f4le sont comptabilis\u00e9es comme des tr<span class=\"_ _1\"></span>ansactions portant sur les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) Perte de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> Lorsque Cener<span class=\"_ _1\"></span>gy Holdings perd le contr\u00f4le d'une filiale<span class=\"_ _1\"></span>, les actifs et les passifs de la filiale sont d\u00e9consolid\u00e9s, ainsi que toute participa<span class=\"_ _1\"></span>tion ne donnant pas le contr\u00f4le et les autres c<span class=\"_ _1\"></span>omposantes des capitaux propr<span class=\"_ _1\"></span>es. T<span class=\"_ _0\"></span>out profit ou perte qui en r\u00e9sulte es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat net. T<span class=\"_ _0\"></span>out int\u00e9r\u00eat conserv\u00e9 dans l'ancienne filiale es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 \u00e0 sa juste valeur \u00e0 la dat<span class=\"_ _1\"></span>e de la perte du contr\u00f4le. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-33-4": {
   "value": "(d) P<span class=\"_ _1\"></span>articipations ne donnant pas le contr\u00f4le Les participations ne donnant pas le contr\u00f4le sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es \u00e0 leur juste v<span class=\"_ _1\"></span>aleur ou \u00e0 leur quote-part des actifs nets identifiables de la soci\u00e9t\u00e9 acquise \u00e0 la date d'ac<span class=\"_ _1\"></span>quisition. Cette \u00e9v<span class=\"_ _1\"></span>aluation est effectu\u00e9e s\u00e9par\u00e9ment pour chacune des acquisitions. Les modifications de la participation de Cener<span class=\"_ _1\"></span>gy Holdings dans une filiale qui n'entra\u00eenent pas une pert<span class=\"_ _1\"></span>e de contr\u00f4le sont comptabilis\u00e9es comme des tr<span class=\"_ _1\"></span>ansactions portant sur les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-36-4": {
   "value": "(f) Entreprises associ\u00e9es Les entr<span class=\"_ _1\"></span>eprises associ\u00e9es sont des entit\u00e9s sur lesquelles Cenergy Holdings a une influenc<span class=\"_ _1\"></span>e notable en mati\u00e8re de gestion financi\u00e8r<span class=\"_ _1\"></span>e et op\u00e9rationnelle sans e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer de contr\u00f4le ni de contr\u00f4le c<span class=\"_ _1\"></span>onjoint. C'est g\u00e9n\u00e9ralement le cas lorsque Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient entre 20 % et 50 % des droits de v<span class=\"_ _1\"></span>ote. L<span class=\"_ _1\"></span>es participations dans des entreprises associ\u00e9es sont comptabilis\u00e9es selon la m\u00e9thode de mise en \u00e9quiv<span class=\"_ _1\"></span>alence (v<span class=\"_ _1\"></span>oir [h] ci-dessous), apr\u00e8s av<span class=\"_ _1\"></span>oir \u00e9t\u00e9 initialement comptabilis\u00e9es au co\u00fbt d'ac<span class=\"_ _1\"></span>quisition.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-38-4": {
   "value": "Entreprise commune Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet son dr<span class=\"_ _1\"></span>oit direct aux actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges des entr<span class=\"_ _1\"></span>eprises communes et \u00e0 sa<span class=\"_ _8\"></span> part des actifs, passifs, r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges d\u00e9tenus ou engag\u00e9s conjoint<span class=\"_ _1\"></span>ement. Ces \u00e9l\u00e9ments ont \u00e9t\u00e9 repris dans les \u00e9tats financiers aux rubriques appropri\u00e9es. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-39-4": {
   "value": "Coentreprise Une coentr<span class=\"_ _1\"></span>eprise est un accor<span class=\"_ _1\"></span>d selon lequel Cenergy Holdings a un c<span class=\"_ _1\"></span>ontr\u00f4le conjoint, en vertu duquel C<span class=\"_ _1\"></span>energy Holdings<span class=\"_ _8\"></span> d\u00e9tient des droits sur l\u2019<span class=\"_ _1\"></span>actif net faisant l\u2019<span class=\"_ _1\"></span>objet de l\u2019acc<span class=\"_ _1\"></span>ord, plut\u00f4t que des dr<span class=\"_ _1\"></span>oits sur l\u2019actif et des obligations sur le passif<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les participations dans des coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence (voir [h] ci-dessous), apr\u00e8s a<span class=\"_ _1\"></span>voir \u00e9t\u00e9 initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es au co\u00fbt d'acquisition dans le bilan consolid\u00e9. (h) M\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon la m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e, les inv<span class=\"_ _1\"></span>estissements sont initialement comptabilis\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt<span class=\"_ _8\"></span> d\u2019acquisition et ajus<span class=\"_ _1\"></span>t\u00e9s par la suite pour comptabiliser en r\u00e9sultat la quot<span class=\"_ _1\"></span>e-part de Cenergy Holdings dans les pr<span class=\"_ _1\"></span>ofits<span class=\"_ _8\"></span> ou les pertes post-ac<span class=\"_ _1\"></span>quisition de l'entit\u00e9 d\u00e9tenue. La m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e consid\u00e8re \u00e9galement la part de Cener<span class=\"_ _1\"></span>gy Holdings dans les variations des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global de l'entit\u00e9 d\u00e9tenue, jusqu'\u00e0 la date \u00e0 laquelle c<span class=\"_ _1\"></span>esse l'influence notable ou le contr\u00f4le c<span class=\"_ _1\"></span>onjoint.Les dividendes re\u00e7us ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir d'entreprises associ\u00e9es et de coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9s en d\u00e9duction de la v<span class=\"_ _1\"></span>aleur comptable de l'inv<span class=\"_ _1\"></span>estissement. Lorsque la quote-part des pert<span class=\"_ _1\"></span>es de Cenergy Holdings dans une entit\u00e9 mise en \u00e9quiv<span class=\"_ _1\"></span>alence est \u00e9gale ou sup\u00e9rieur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00e0 sa participation dans l'entit\u00e9, Cener<span class=\"_ _1\"></span>gy Holdings ne comptabilise pas de pertes suppl\u00e9mentair<span class=\"_ _1\"></span>es, \u00e0 moins qu'elle<span class=\"_ _8\"></span> n'ait contr<span class=\"_ _1\"></span>act\u00e9 des obligations ou effectu\u00e9 des paiements au nom de l'autre entit\u00e9. Les participations de Cener<span class=\"_ _1\"></span>gy Holdings dans des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e ne comprennent que des participations dans des entreprises as<span class=\"_ _1\"></span>soci\u00e9es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-39-5": {
   "value": "Coentreprise Une coentr<span class=\"_ _1\"></span>eprise est un accor<span class=\"_ _1\"></span>d selon lequel Cenergy Holdings a un c<span class=\"_ _1\"></span>ontr\u00f4le conjoint, en vertu duquel C<span class=\"_ _1\"></span>energy Holdings<span class=\"_ _8\"></span> d\u00e9tient des droits sur l\u2019<span class=\"_ _1\"></span>actif net faisant l\u2019<span class=\"_ _1\"></span>objet de l\u2019acc<span class=\"_ _1\"></span>ord, plut\u00f4t que des dr<span class=\"_ _1\"></span>oits sur l\u2019actif et des obligations sur le passif<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les participations dans des coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9es selon la m\u00e9thode de la mise en \u00e9quiv<span class=\"_ _1\"></span>alence (voir [h] ci-dessous), apr\u00e8s a<span class=\"_ _1\"></span>voir \u00e9t\u00e9 initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es au co\u00fbt d'acquisition dans le bilan consolid\u00e9. (h) M\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon la m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e, les inv<span class=\"_ _1\"></span>estissements sont initialement comptabilis\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt<span class=\"_ _8\"></span> d\u2019acquisition et ajus<span class=\"_ _1\"></span>t\u00e9s par la suite pour comptabiliser en r\u00e9sultat la quot<span class=\"_ _1\"></span>e-part de Cenergy Holdings dans les pr<span class=\"_ _1\"></span>ofits<span class=\"_ _8\"></span> ou les pertes post-ac<span class=\"_ _1\"></span>quisition de l'entit\u00e9 d\u00e9tenue. La m\u00e9thode de la mise en \u00e9quivalenc<span class=\"_ _1\"></span>e consid\u00e8re \u00e9galement la part de Cener<span class=\"_ _1\"></span>gy Holdings dans les variations des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global de l'entit\u00e9 d\u00e9tenue, jusqu'\u00e0 la date \u00e0 laquelle c<span class=\"_ _1\"></span>esse l'influence notable ou le contr\u00f4le c<span class=\"_ _1\"></span>onjoint.Les dividendes re\u00e7us ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir d'entreprises associ\u00e9es et de coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9s en d\u00e9duction de la v<span class=\"_ _1\"></span>aleur comptable de l'inv<span class=\"_ _1\"></span>estissement. Lorsque la quote-part des pert<span class=\"_ _1\"></span>es de Cenergy Holdings dans une entit\u00e9 mise en \u00e9quiv<span class=\"_ _1\"></span>alence est \u00e9gale ou sup\u00e9rieur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00e0 sa participation dans l'entit\u00e9, Cener<span class=\"_ _1\"></span>gy Holdings ne comptabilise pas de pertes suppl\u00e9mentair<span class=\"_ _1\"></span>es, \u00e0 moins qu'elle<span class=\"_ _8\"></span> n'ait contr<span class=\"_ _1\"></span>act\u00e9 des obligations ou effectu\u00e9 des paiements au nom de l'autre entit\u00e9. Les participations de Cener<span class=\"_ _1\"></span>gy Holdings dans des entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e ne comprennent que des participations dans des entreprises as<span class=\"_ _1\"></span>soci\u00e9es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-42-6": {
   "value": "Les dividendes re\u00e7us ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir d'entreprises associ\u00e9es et de coentr<span class=\"_ _1\"></span>eprises sont comptabilis\u00e9s en d\u00e9duction de la v<span class=\"_ _1\"></span>aleur comptable de l'inv<span class=\"_ _1\"></span>estissement. Les r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus de dividendes sont comptabilis\u00e9s en r\u00e9sultat \u00e0 la date \u00e0 laquelle le dr<span class=\"_ _1\"></span>oit de rece<span class=\"_ _1\"></span>voir le paiement est ac<span class=\"_ _1\"></span>quis.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-46-3": {
   "value": "5.2 Monnaie \u00e9trang\u00e8r<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> (a) T<span class=\"_ _1\"></span>ransactions en monnaie \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re Les tr<span class=\"_ _1\"></span>ansactions en monnaie \u00e9trang\u00e8re sont c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>erties dans les monnaies fonctionnelles respectiv<span class=\"_ _1\"></span>es des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings aux cours de change en vigueur aux dates des tr<span class=\"_ _1\"></span>ansactions.<span class=\"_ _8\"></span> Les actifs et les passifs mon\u00e9tair<span class=\"_ _1\"></span>es libell\u00e9s en monnaies \u00e9trang\u00e8r<span class=\"_ _1\"></span>es sont conv<span class=\"_ _1\"></span>ertis dans la monnaie fonctionnelle au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. Les actifs et les pas<span class=\"_ _1\"></span>sifs non mon\u00e9taires qui sont \u00e9valu\u00e9s \u00e0 la juste v<span class=\"_ _1\"></span>aleur en monnaies \u00e9trang\u00e8r<span class=\"_ _1\"></span>es sont conv<span class=\"_ _1\"></span>ertis dans la monnaie fonctionnelle au cours de change en vigueur au moment o\u00f9 la juste v<span class=\"_ _1\"></span>aleur a \u00e9t\u00e9 d\u00e9termin\u00e9e. Les plus-<span class=\"_ _1\"></span>values et moins-v<span class=\"_ _1\"></span>alues de change sont class\u00e9es et comptabilis\u00e9es en pr<span class=\"_ _1\"></span>ofit ou perte dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9 en fonction de la natur<span class=\"_ _1\"></span>e de l\u2019\u00e9l\u00e9ment associ\u00e9<span class=\"_ _8\"></span> dans les \u00e9tats financiers consolid\u00e9s. Les \u00e9l\u00e9ments non mon\u00e9tair<span class=\"_ _1\"></span>es libell\u00e9s en monnaies \u00e9trang\u00e8res qui sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s en fonction du co\u00fbt his<span class=\"_ _1\"></span>torique sont<span class=\"_ _8\"></span> con<span class=\"_ _1\"></span>vertis au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de la transaction. Les \u00e9carts de change d\u00e9coulant de la c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ersion des couvertur<span class=\"_ _1\"></span>es de flux de tr\u00e9sorerie pour leur partie efficace et les inv<span class=\"_ _1\"></span>estissements dans des instruments de capitaux pr<span class=\"_ _1\"></span>opres comptabilis\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global.<span class=\"_ _8\"></span> (b) A<span class=\"_ _1\"></span>ctivit\u00e9s \u00e0 l\u2019\u00e9tranger Les actifs et passifs li\u00e9s aux activit\u00e9s \u00e0 l'\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>, y compris le goodwill et les ajust<span class=\"_ _1\"></span>ements \u00e0 la juste v<span class=\"_ _1\"></span>aleur prov<span class=\"_ _1\"></span>enant d'acquisitions, sont con<span class=\"_ _1\"></span>vertis en eur<span class=\"_ _1\"></span>os au cours de change en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Les r<span class=\"_ _1\"></span>evenus et d\u00e9penses des activit\u00e9s \u00e0 l'\u00e9tranger sont c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ertis en euros au cours de change en vigueur \u00e0 la dat<span class=\"_ _1\"></span>e de la transaction. Le taux moy<span class=\"_ _1\"></span>en pour la p\u00e9riode est jug\u00e9 comme \u00e9tant un taux appr<span class=\"_ _1\"></span>opri\u00e9. Les \u00e9carts de change sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et cumul\u00e9s en r\u00e9serve d'\u00e9cart de con<span class=\"_ _1\"></span>version, sauf si l'\u00e9cart de con<span class=\"_ _1\"></span>version est at<span class=\"_ _1\"></span>tribu\u00e9 aux participations ne donnant pas le contr\u00f4le. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-47-3": {
   "value": "5.3 Chiffre d\u2019<span class=\"_ _1\"></span>affaires Cener<span class=\"_ _1\"></span>gy Holdings reconna\u00eet un chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es pro<span class=\"_ _1\"></span>venant des principales sour<span class=\"_ _1\"></span>ces suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>V<span class=\"_ _0\"></span>ente de produits; \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets \u00e9nergies; \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets de tubes d\u2019acier<span class=\"_ _0\"></span>, c'est-\u00e0-dire des tubes d\u2019acier personnalis\u00e9s, onshor<span class=\"_ _1\"></span>e et offshore, pr<span class=\"_ _1\"></span>oduits pour des applications sur base des cahiers des charges des clients. \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>ojets de c\u00e2bles, c'est-\u00e0-dire c\u00e2bles des haut<span class=\"_ _1\"></span>e technologie, personnalis\u00e9s, souterr<span class=\"_ _1\"></span>ains et sous-marins et sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles \u00ab cl\u00e9s en main \u00bb pour la transmission et la dis<span class=\"_ _1\"></span>tribution d\u2019\u00e9lectricit\u00e9 et de donn\u00e9es.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Pr<span class=\"_ _1\"></span>estation de services. Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client et il e<span class=\"_ _1\"></span>xclut les montants rec<span class=\"_ _1\"></span>ouvr\u00e9s pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les re<span class=\"_ _1\"></span>venus lorsqu'elle tr<span class=\"_ _1\"></span>ansf\u00e8re le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. La contr<span class=\"_ _1\"></span>epartie peut varier en r<span class=\"_ _1\"></span>aison des remises commer<span class=\"_ _1\"></span>ciales, de rabais de v<span class=\"_ _1\"></span>olume, de retours ou autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments similaires. La m\u00e9thode d'\u00e9v<span class=\"_ _1\"></span>aluation la plus appropri\u00e9e de la c<span class=\"_ _1\"></span>ontrepartie est \u00e9tablie en fonction de la na<span class=\"_ _1\"></span>ture de la contr<span class=\"_ _1\"></span>epartie variable. V<span class=\"_ _1\"></span>ente de produits Cener<span class=\"_ _1\"></span>gy Holdings vend des sections structur<span class=\"_ _1\"></span>elles creuses pour le secteur de la c<span class=\"_ _1\"></span>onstruction, des c\u00e2bles<span class=\"_ _8\"></span> d'alimentation, des c\u00e2bles de t\u00e9l\u00e9communication, des fils et des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> En ce qui conc<span class=\"_ _1\"></span>erne la vent<span class=\"_ _1\"></span>e de produits, le chiffre d\u2019<span class=\"_ _1\"></span>affaires es<span class=\"_ _1\"></span>t comptabilis\u00e9 au moment o\u00f9 le contr\u00f4le des biens vendus es<span class=\"_ _1\"></span>t transf\u00e9r\u00e9. Le moment du tr<span class=\"_ _1\"></span>ansfert du contr\u00f4le survient lorsque les marchandises ont \u00e9t\u00e9 e<span class=\"_ _1\"></span>xp\u00e9di\u00e9es chez le client, sauf indication contr<span class=\"_ _1\"></span>aire dans les termes du c<span class=\"_ _1\"></span>ontrat. Les clauses des c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients sont stipul\u00e9es selon les Incoterms. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es comptabilis\u00e9 \u00e0 un moment donn\u00e9 est factur\u00e9 en m\u00eame t<span class=\"_ _1\"></span>emps qu\u2019il est comptabilis\u00e9 ou dans un d\u00e9lai bref apr\u00e8s sa c<span class=\"_ _1\"></span>omptabilisation. La cr\u00e9ance est comptabilis\u00e9e lorsque le c<span class=\"_ _1\"></span>ontr\u00f4le est transf\u00e9r\u00e9 au client \u00e9tant donn\u00e9 que ce moment r<span class=\"_ _1\"></span>epr\u00e9sente celui auquel le dr<span class=\"_ _1\"></span>oit \u00e0 la contrepartie de<span class=\"_ _1\"></span>vient inconditionnel. Projets d'\u00e9nergie Le Gr<span class=\"_ _1\"></span>oupe produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s aux clients pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie. Dans le secteur des c\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent \u00e9galement des sys<span class=\"_ _1\"></span>t\u00e8mes de<span class=\"_ _8\"></span> c\u00e2bles \u00ab cl\u00e9s en main \u00bb, c\u2019es<span class=\"_ _1\"></span>t-\u00e0-dire qu\u2019<span class=\"_ _1\"></span>elles fournissent et installent des s<span class=\"_ _1\"></span>yst\u00e8mes de c\u00e2bles complets. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du cahier des charges du client. En m\u00eame temps, il e<span class=\"_ _1\"></span>xiste un dr<span class=\"_ _1\"></span>oit ex\u00e9cutoir<span class=\"_ _1\"></span>e \u00e0 un paiement au titre de la pr<span class=\"_ _1\"></span>estation effectu\u00e9e jusqu\u2019\u00e0 la date consid\u00e9r\u00e9e si le contr<span class=\"_ _1\"></span>at est r\u00e9sili\u00e9 par le client ou une autr<span class=\"_ _1\"></span>e partie pour des raisons autres que la non-e<span class=\"_ _1\"></span>x\u00e9cution de la pres<span class=\"_ _1\"></span>tation promise par Cener<span class=\"_ _1\"></span>gy Holdings. Le chiffre d\u2019<span class=\"_ _1\"></span>affaires de c<span class=\"_ _1\"></span>es projets est, par cons\u00e9quent, c<span class=\"_ _1\"></span>omptabilis\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement.<span class=\"_ _8\"></span> Concernant les obligations de pr<span class=\"_ _1\"></span>estation distinct<span class=\"_ _1\"></span>es identifi\u00e9es, il est appliqu\u00e9 la m\u00e9thode la plus appropri\u00e9e pour \u00e9valuer le degr\u00e9 d\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ancement. Les m\u00e9thodes utilis\u00e9es sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our les obligations de prestation li\u00e9es \u00e0 la pr<span class=\"_ _1\"></span>oduction de produits personnalis\u00e9s, selon le type de c<span class=\"_ _1\"></span>ontrat concern\u00e9, les m\u00e9thodes d\u2019\u00e9v<span class=\"_ _1\"></span>aluation du degr\u00e9 d\u2019a<span class=\"_ _1\"></span>vancement s\u2019<span class=\"_ _1\"></span>appuient sur :<span class=\"_ _8\"></span> i. <span class=\"_ _2c\"> </span>Le d\u00e9lai de production r\u00e9alis\u00e9, c'es<span class=\"_ _1\"></span>t-\u00e0-dire, le r<span class=\"_ _1\"></span>atio entre le temps pas<span class=\"_ _1\"></span>s\u00e9 \u00e0 la production et la dur\u00e9e totale progr<span class=\"_ _1\"></span>amm\u00e9e de la production. Cet<span class=\"_ _1\"></span>te m\u00e9thode est utilis\u00e9e pour les c\u00e2bles sous-marins produits en longues longueurs continues, lorsque le temps \u00e9c<span class=\"_ _1\"></span>oul\u00e9 est la m\u00e9thode la plus pertinente pour mesur<span class=\"_ _1\"></span>er l'avanc<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> de l'obligation de performanc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> ii. <span class=\"_ _72\"> </span>La quantit\u00e9 de tour<span class=\"_ _1\"></span>ets de c\u00e2ble ou de tubes d\u2019acier fabriqu\u00e9s et t<span class=\"_ _1\"></span>est\u00e9s par rapport \u00e0 la quantit\u00e9 totale \u00e0 produir<span class=\"_ _1\"></span>e conform\u00e9ment au c<span class=\"_ _1\"></span>ontrat. Cett<span class=\"_ _1\"></span>e m\u00e9thode est utilis\u00e9e pour les c\u00e2bles terres<span class=\"_ _1\"></span>tres et les tubes d\u2019acier personnalis\u00e9s, d\u00e8s lors que la production de c<span class=\"_ _1\"></span>es produits est r\u00e9alis\u00e9e par lots et, de c<span class=\"_ _1\"></span>e fait, les obligations de pres<span class=\"_ _1\"></span>tation concern\u00e9es sont r<span class=\"_ _1\"></span>espect\u00e9es lorsque certains lots des quantit\u00e9s conv<span class=\"_ _1\"></span>enues sont produits. \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our les phases d'installation des projets \u00ab cl\u00e9s en main \u00bb du secteur des c\u00e2bles, la m\u00e9thode de mesur<span class=\"_ _1\"></span>e du degr\u00e9 d\u2019a<span class=\"_ _1\"></span>vancement es<span class=\"_ _1\"></span>t bas\u00e9e sur l'\u00e9valuation des r\u00e9sultats obtenus ou des jalons at<span class=\"_ _1\"></span>teints, sur la base de jalons<span class=\"_ _8\"></span> techniques clair<span class=\"_ _1\"></span>ement d\u00e9finis, tels que le transport ou les m\u00e8tr<span class=\"_ _1\"></span>es de c\u00e2bles install\u00e9s. Lorsque les \u00e9tapes sont utilis\u00e9es comme m\u00e9thode pour mesur<span class=\"_ _1\"></span>er le degr\u00e9 d\u2019av<span class=\"_ _1\"></span>ancement, ces \u00e9tapes d\u00e9criv<span class=\"_ _1\"></span>ent fid\u00e8lement les presta<span class=\"_ _1\"></span>tions.<span class=\"_ _8\"></span> La Direction es<span class=\"_ _1\"></span>time que ces m\u00e9thodes \u00e9valuent de f<span class=\"_ _1\"></span>a\u00e7on appropri\u00e9e la mesure dans laquelle une obligation de pres<span class=\"_ _1\"></span>tation est remplie, selon l'IFRS 15. Le moment de la r<span class=\"_ _1\"></span>econnaissance du chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es, des factura<span class=\"_ _1\"></span>tions et des recouvr<span class=\"_ _1\"></span>ements d\u2019esp\u00e8c<span class=\"_ _1\"></span>es r\u00e9sulte en cr\u00e9ances sur compt<span class=\"_ _1\"></span>es factur\u00e9s, cr\u00e9ances non f<span class=\"_ _1\"></span>actur\u00e9es (actifs sur contrat) et ac<span class=\"_ _1\"></span>omptes vers\u00e9s par le client (pas<span class=\"_ _1\"></span>sifs<span class=\"_ _8\"></span> sur contr<span class=\"_ _1\"></span>at). Ces actifs et passifs sur contr<span class=\"_ _1\"></span>ats sont repris dans l\u2019\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 de la situation financi\u00e8re, aux lignes \u00ab Actifs sur c<span class=\"_ _1\"></span>ontrats \u00bb et \u00ab Passifs sur c<span class=\"_ _1\"></span>ontrats \u00bb. Pour les pr<span class=\"_ _1\"></span>oduits et services dont le chiffre d\u2019<span class=\"_ _1\"></span>affaires es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement, les montants sont factur\u00e9s au fur et \u00e0 mesure de l\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ancement des tra<span class=\"_ _1\"></span>vaux conform\u00e9ment aux clauses c<span class=\"_ _1\"></span>ontractuelles con<span class=\"_ _1\"></span>venues ou bien lorsque sont r\u00e9alis\u00e9es des \u00e9tapes c<span class=\"_ _1\"></span>ontractuelles importantes ou encor<span class=\"_ _1\"></span>e \u00e0 la livraison et r\u00e9c<span class=\"_ _1\"></span>eption finales des biens fabriqu\u00e9s. En g\u00e9n\u00e9ral, la f<span class=\"_ _1\"></span>acturation est r\u00e9alis\u00e9e au pr<span class=\"_ _1\"></span>orata de la r<span class=\"_ _1\"></span>econnaissance du chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es, pour les produits et services personnalis\u00e9s e<span class=\"_ _1\"></span>x\u00e9cut\u00e9s progr<span class=\"_ _1\"></span>essivement et r\u00e9sultants en actifs sur contr<span class=\"_ _1\"></span>ats. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, si les acomptes des clients sont re\u00e7us a<span class=\"_ _1\"></span>vant la comptabilisa<span class=\"_ _1\"></span>tion de la vente, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s comme des passifs sur contr<span class=\"_ _1\"></span>at. Il n\u2019<span class=\"_ _1\"></span>est pas consid\u00e9r\u00e9 que les contr<span class=\"_ _1\"></span>ats de projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie pass\u00e9s av<span class=\"_ _1\"></span>ec des clients ont une composante de financement importante<span class=\"_ _1\"></span>, car la p\u00e9riode entre la cons<span class=\"_ _1\"></span>tatation du chiffre d'affair<span class=\"_ _1\"></span>es et les paiements interm\u00e9diair<span class=\"_ _1\"></span>es est<span class=\"_ _8\"></span> inf\u00e9rieure \u00e0 un an. Prestation de s<span class=\"_ _1\"></span>ervices<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la vent<span class=\"_ _1\"></span>e de services au pror<span class=\"_ _1\"></span>ata de l\u2019\u00e9tat d'av<span class=\"_ _1\"></span>ancement de la pres<span class=\"_ _1\"></span>tation \u00e0 la date de cl\u00f4ture des \u00e9tats financiers. L'\u00e9ta<span class=\"_ _1\"></span>t d'avanc<span class=\"_ _1\"></span>ement est \u00e9valu\u00e9 sur base de sondages du tr<span class=\"_ _1\"></span>avail eff<span class=\"_ _1\"></span>ectu\u00e9.<span class=\"_ _8\"></span> Les services f<span class=\"_ _1\"></span>ournis par Cenergy Holdings sont principalement li\u00e9s aux pr<span class=\"_ _1\"></span>oduits vendus par ses filiales et compr<span class=\"_ _1\"></span>ennent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>e d'assistance t<span class=\"_ _1\"></span>echnique pour le traitement des m\u00e9taux; \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>onception et ing\u00e9nierie d'applications personnalis\u00e9es; \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>es de supervision;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Servic<span class=\"_ _1\"></span>es d'installation ; \u2022 <span class=\"_ _20\"> </span>R\u00e9par<span class=\"_ _1\"></span>ations et remplac<span class=\"_ _1\"></span>ements.<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>ous les services ci-dessus, lorsqu\u2019ils sont li\u00e9s \u00e0 des pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques, sont d\u00e9clar\u00e9s dans le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es des<span class=\"_ _8\"></span> C\u00e2bles et des T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, selon leur segment. Si le paiement des services n'est pas d\u00fb par le client jusqu'\u00e0 c<span class=\"_ _1\"></span>e que les services soient complets, un actif sur contr<span class=\"_ _1\"></span>at est comptabilis\u00e9 sur la p\u00e9riode au c<span class=\"_ _1\"></span>ours de laquelle les services sont ex\u00e9cut\u00e9s, c<span class=\"_ _1\"></span>e qui repr\u00e9sente le dr<span class=\"_ _1\"></span>oit \u00e0 une<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>epartie pour les services rendus \u00e0 c<span class=\"_ _1\"></span>e jour<span class=\"_ _1\"></span>. Ces actifs contr<span class=\"_ _1\"></span>actuels sont pr\u00e9sent\u00e9s dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re \u00e0 la ligne \u00ab actifs sur c<span class=\"_ _1\"></span>ontrats \u00bb. Co\u00fbts des contr<span class=\"_ _1\"></span>ats<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019obt<span class=\"_ _1\"></span>ention de contrats a<span class=\"_ _1\"></span>vec des clients et les co\u00fbts enc<span class=\"_ _1\"></span>ourus<span class=\"_ _8\"></span> au titre de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution des contrats c<span class=\"_ _1\"></span>onclus av<span class=\"_ _1\"></span>ec les clients directement associ\u00e9s aux c<span class=\"_ _1\"></span>ontrats en tant qu\u2019<span class=\"_ _1\"></span>actif, s\u2019il est estim\u00e9 que ces c<span class=\"_ _1\"></span>o\u00fbts sont recouvr<span class=\"_ _1\"></span>ables et les enregistr<span class=\"_ _1\"></span>e dans la ligne \u00ab Co\u00fbts des contr<span class=\"_ _1\"></span>ats \u00bb de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re<span class=\"_ _1\"></span>. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d'obtention de contra<span class=\"_ _1\"></span>ts sont des co\u00fbts engag\u00e9s pour obtenir un contr<span class=\"_ _1\"></span>at av<span class=\"_ _1\"></span>ec un client qui n\u2019aur<span class=\"_ _1\"></span>aient pas \u00e9t\u00e9 engag\u00e9s si le contrat n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait pas \u00e9t\u00e9 obtenu.<span class=\"_ _8\"></span> Les co\u00fbts d'e<span class=\"_ _1\"></span>x\u00e9cution ne sont capitalis\u00e9s que s'ils g\u00e9n\u00e8rent ou am\u00e9lior<span class=\"_ _1\"></span>ent des ressour<span class=\"_ _1\"></span>ces qui seront utilis\u00e9es pour satisfair<span class=\"_ _1\"></span>e \u00e0 des obligations de presta<span class=\"_ _1\"></span>tion dans le futur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les actifs g\u00e9n\u00e9r\u00e9s par les co\u00fbts li\u00e9s aux c<span class=\"_ _1\"></span>ontrats sont amortis soit selon la m\u00e9thode de l\u2019<span class=\"_ _1\"></span>amortissement lin\u00e9aire sur une p\u00e9riode d\u00e9termin\u00e9e en fonction de la dur\u00e9e es<span class=\"_ _1\"></span>tim\u00e9e du contrat, soit en f<span class=\"_ _1\"></span>onction de la partie des rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution du contra<span class=\"_ _1\"></span>t correspondant. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019<span class=\"_ _1\"></span>obtention des contr<span class=\"_ _1\"></span>ats sont comptabilis\u00e9s en charges si la p\u00e9riode d'amortis<span class=\"_ _1\"></span>sement des<span class=\"_ _8\"></span> actifs est d'un an ou moins. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-49-4": {
   "value": "La contr<span class=\"_ _1\"></span>epartie peut varier en r<span class=\"_ _1\"></span>aison des remises commer<span class=\"_ _1\"></span>ciales, de rabais de v<span class=\"_ _1\"></span>olume, de retours ou autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments similaires. La m\u00e9thode d'\u00e9v<span class=\"_ _1\"></span>aluation la plus appropri\u00e9e de la c<span class=\"_ _1\"></span>ontrepartie est \u00e9tablie en fonction de la na<span class=\"_ _1\"></span>ture de la contr<span class=\"_ _1\"></span>epartie variable. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-4": {
   "value": "Co\u00fbts des contr<span class=\"_ _1\"></span>ats<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings comptabilise les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019obt<span class=\"_ _1\"></span>ention de contrats a<span class=\"_ _1\"></span>vec des clients et les co\u00fbts enc<span class=\"_ _1\"></span>ourus<span class=\"_ _8\"></span> au titre de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution des contrats c<span class=\"_ _1\"></span>onclus av<span class=\"_ _1\"></span>ec les clients directement associ\u00e9s aux c<span class=\"_ _1\"></span>ontrats en tant qu\u2019<span class=\"_ _1\"></span>actif, s\u2019il est estim\u00e9 que ces c<span class=\"_ _1\"></span>o\u00fbts sont recouvr<span class=\"_ _1\"></span>ables et les enregistr<span class=\"_ _1\"></span>e dans la ligne \u00ab Co\u00fbts des contr<span class=\"_ _1\"></span>ats \u00bb de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re<span class=\"_ _1\"></span>. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d'obtention de contra<span class=\"_ _1\"></span>ts sont des co\u00fbts engag\u00e9s pour obtenir un contr<span class=\"_ _1\"></span>at av<span class=\"_ _1\"></span>ec un client qui n\u2019aur<span class=\"_ _1\"></span>aient pas \u00e9t\u00e9 engag\u00e9s si le contrat n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait pas \u00e9t\u00e9 obtenu.<span class=\"_ _8\"></span> Les co\u00fbts d'e<span class=\"_ _1\"></span>x\u00e9cution ne sont capitalis\u00e9s que s'ils g\u00e9n\u00e8rent ou am\u00e9lior<span class=\"_ _1\"></span>ent des ressour<span class=\"_ _1\"></span>ces qui seront utilis\u00e9es pour satisfair<span class=\"_ _1\"></span>e \u00e0 des obligations de presta<span class=\"_ _1\"></span>tion dans le futur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les actifs g\u00e9n\u00e9r\u00e9s par les co\u00fbts li\u00e9s aux c<span class=\"_ _1\"></span>ontrats sont amortis soit selon la m\u00e9thode de l\u2019<span class=\"_ _1\"></span>amortissement lin\u00e9aire sur une p\u00e9riode d\u00e9termin\u00e9e en fonction de la dur\u00e9e es<span class=\"_ _1\"></span>tim\u00e9e du contrat, soit en f<span class=\"_ _1\"></span>onction de la partie des rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cution du contra<span class=\"_ _1\"></span>t correspondant. Les co\u00fbts mar<span class=\"_ _1\"></span>ginaux d\u2019<span class=\"_ _1\"></span>obtention des contr<span class=\"_ _1\"></span>ats sont comptabilis\u00e9s en charges si la p\u00e9riode d'amortis<span class=\"_ _1\"></span>sement des<span class=\"_ _8\"></span> actifs est d'un an ou moins. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCustomerAcquisitionCostsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-3": {
   "value": "5.4 A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel<span class=\"_ _8\"></span> (a) A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme Les av<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en charge au fur et \u00e0 mesur<span class=\"_ _1\"></span>e que la prestation de service aff\u00e9r<span class=\"_ _1\"></span>ente est acc<span class=\"_ _1\"></span>omplie. Un passif est comptabilis\u00e9 pour les montants \u00e0 pa<span class=\"_ _1\"></span>yer si Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont soumises \u00e0 une obligation l\u00e9gale e<span class=\"_ _1\"></span>xistante ou implicite de pa<span class=\"_ _1\"></span>yer ce montant suit<span class=\"_ _1\"></span>e \u00e0 des services<span class=\"_ _8\"></span> fournis par l'emplo<span class=\"_ _1\"></span>y\u00e9 par le pass\u00e9 et que cett<span class=\"_ _1\"></span>e obligation peut \u00eatre \u00e9valu\u00e9e de f<span class=\"_ _1\"></span>a\u00e7on fiable. (b) R\u00e9gimes \u00e0 c<span class=\"_ _1\"></span>otisations d\u00e9finies<span class=\"_ _8\"></span> Un r\u00e9gime \u00e0 cotisations d\u00e9finies est un r\u00e9gime d'a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l'emploi en v<span class=\"_ _1\"></span>ertu duquel Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> verse des c<span class=\"_ _1\"></span>otisations d\u00e9finies \u00e0 une entit\u00e9 juridique tierc<span class=\"_ _1\"></span>e sans aucune autre obligation. Le co\u00fbt ac<span class=\"_ _1\"></span>cumul\u00e9 des<span class=\"_ _8\"></span> r\u00e9gimes \u00e0 cotisations d\u00e9finies est c<span class=\"_ _1\"></span>omptabilis\u00e9 en charge au cours de la p\u00e9riode o\u00f9 le servic<span class=\"_ _1\"></span>e connex<span class=\"_ _1\"></span>e est fourni. (c<span class=\"_ _1\"></span>) R\u00e9gimes \u00e0 prestations d\u00e9finies L'obligation nette de C<span class=\"_ _1\"></span>energy Holdings au titre de r\u00e9gimes \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e s\u00e9par\u00e9ment pour<span class=\"_ _8\"></span> chaque r\u00e9gime en estimant le montant des av<span class=\"_ _1\"></span>antages futurs acquis par le personnel au cours de la p\u00e9riode actuelle et des p\u00e9riodes ant\u00e9rieures. C<span class=\"_ _1\"></span>e montant est actualis\u00e9 et la juste v<span class=\"_ _1\"></span>aleur des actifs du r\u00e9gime est ensuite d\u00e9duite. L<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> taux d'actualisation est bas\u00e9 sur des obligations de soci\u00e9t\u00e9s de pr<span class=\"_ _1\"></span>emier rang libell\u00e9es dans la de<span class=\"_ _1\"></span>vise dans laquelle<span class=\"_ _8\"></span> les pres<span class=\"_ _1\"></span>tations seront v<span class=\"_ _1\"></span>ers\u00e9es.<span class=\"_ _8\"></span> Le calcul des obligations au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies es<span class=\"_ _1\"></span>t effectu\u00e9 annuellement par un actuaire qualifi\u00e9 selon la m\u00e9thode de cr\u00e9dit unitaire pr<span class=\"_ _1\"></span>ojet\u00e9e, tandis que les pres<span class=\"_ _1\"></span>tations sont attribu\u00e9es au cours des 16 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ant la retr<span class=\"_ _1\"></span>aite de chaque employ\u00e9. La r\u00e9\u00e9valuation de l'obliga<span class=\"_ _1\"></span>tion au titre des r\u00e9gimes \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies, qui se composent des gains et pertes actuariels, est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9termine les int\u00e9r\u00eats d\u00e9biteurs nets sur l'engagement net de la pr<span class=\"_ _1\"></span>estation d\u00e9finie pour la p\u00e9riode au mo<span class=\"_ _1\"></span>yen du taux d'actualisation utilis\u00e9 pour mesurer l'obliga<span class=\"_ _1\"></span>tion inh\u00e9rente \u00e0 la pr<span class=\"_ _1\"></span>estation d\u00e9finie au d\u00e9but de la p\u00e9riode annuelle jusqu'\u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie, en tenant compt<span class=\"_ _1\"></span>e de tout changement apport\u00e9 \u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie au cours de la p\u00e9riode r\u00e9sultant de cotisations et de v<span class=\"_ _1\"></span>ersements au titre des pr<span class=\"_ _1\"></span>estations. Les d\u00e9penses d'int\u00e9r\u00eat nettes et les autr<span class=\"_ _1\"></span>es d\u00e9penses li\u00e9es aux plans \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies sont comptabilis\u00e9es au compte de r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> Lorsque les pr<span class=\"_ _1\"></span>estations d'un r\u00e9gime sont modifi\u00e9es ou qu'un r\u00e9gime est r\u00e9duit, le changement qui en r\u00e9sulte r<span class=\"_ _1\"></span>elatif<span class=\"_ _8\"></span> aux pres<span class=\"_ _1\"></span>tations pour des services ant\u00e9rieurs ou le profit ou la pert<span class=\"_ _1\"></span>e r\u00e9sultant de cette r\u00e9duction est imm\u00e9diat<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> comptabilis\u00e9 au compt<span class=\"_ _1\"></span>e de r\u00e9sultat. Cenergy Holdings c<span class=\"_ _1\"></span>onstate les pr<span class=\"_ _1\"></span>ofits et pertes aff\u00e9rents au r\u00e8glement d'un r\u00e9gime \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies au moment de ce r\u00e8glement. (d) Indemnit\u00e9s de c<span class=\"_ _1\"></span>essation d'emploi Les indemnit\u00e9s de ces<span class=\"_ _1\"></span>sation d'emploi sont pass\u00e9es en charges au plus t\u00f4t lorsque Cener<span class=\"_ _1\"></span>gy Holdings ne peut plus retir<span class=\"_ _1\"></span>er l'offre de c<span class=\"_ _1\"></span>es prestations et lorsque Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les co\u00fbts d'une restructur<span class=\"_ _1\"></span>ation. S'il n'est pas pr\u00e9vu que les indemnit\u00e9s soient int\u00e9gralement r\u00e9gl\u00e9es dans les 12 mois apr\u00e8s la dat<span class=\"_ _1\"></span>e de cl\u00f4ture, elles sont actualis\u00e9es. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-4": {
   "value": "5.4 A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel<span class=\"_ _8\"></span> (a) A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme Les av<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en charge au fur et \u00e0 mesur<span class=\"_ _1\"></span>e que la prestation de service aff\u00e9r<span class=\"_ _1\"></span>ente est acc<span class=\"_ _1\"></span>omplie. Un passif est comptabilis\u00e9 pour les montants \u00e0 pa<span class=\"_ _1\"></span>yer si Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont soumises \u00e0 une obligation l\u00e9gale e<span class=\"_ _1\"></span>xistante ou implicite de pa<span class=\"_ _1\"></span>yer ce montant suit<span class=\"_ _1\"></span>e \u00e0 des services<span class=\"_ _8\"></span> fournis par l'emplo<span class=\"_ _1\"></span>y\u00e9 par le pass\u00e9 et que cett<span class=\"_ _1\"></span>e obligation peut \u00eatre \u00e9valu\u00e9e de f<span class=\"_ _1\"></span>a\u00e7on fiable. (b) R\u00e9gimes \u00e0 c<span class=\"_ _1\"></span>otisations d\u00e9finies<span class=\"_ _8\"></span> Un r\u00e9gime \u00e0 cotisations d\u00e9finies est un r\u00e9gime d'a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l'emploi en v<span class=\"_ _1\"></span>ertu duquel Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> verse des c<span class=\"_ _1\"></span>otisations d\u00e9finies \u00e0 une entit\u00e9 juridique tierc<span class=\"_ _1\"></span>e sans aucune autre obligation. Le co\u00fbt ac<span class=\"_ _1\"></span>cumul\u00e9 des<span class=\"_ _8\"></span> r\u00e9gimes \u00e0 cotisations d\u00e9finies est c<span class=\"_ _1\"></span>omptabilis\u00e9 en charge au cours de la p\u00e9riode o\u00f9 le servic<span class=\"_ _1\"></span>e connex<span class=\"_ _1\"></span>e est fourni. (c<span class=\"_ _1\"></span>) R\u00e9gimes \u00e0 prestations d\u00e9finies L'obligation nette de C<span class=\"_ _1\"></span>energy Holdings au titre de r\u00e9gimes \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e s\u00e9par\u00e9ment pour<span class=\"_ _8\"></span> chaque r\u00e9gime en estimant le montant des av<span class=\"_ _1\"></span>antages futurs acquis par le personnel au cours de la p\u00e9riode actuelle et des p\u00e9riodes ant\u00e9rieures. C<span class=\"_ _1\"></span>e montant est actualis\u00e9 et la juste v<span class=\"_ _1\"></span>aleur des actifs du r\u00e9gime est ensuite d\u00e9duite. L<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> taux d'actualisation est bas\u00e9 sur des obligations de soci\u00e9t\u00e9s de pr<span class=\"_ _1\"></span>emier rang libell\u00e9es dans la de<span class=\"_ _1\"></span>vise dans laquelle<span class=\"_ _8\"></span> les pres<span class=\"_ _1\"></span>tations seront v<span class=\"_ _1\"></span>ers\u00e9es.<span class=\"_ _8\"></span> Le calcul des obligations au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies es<span class=\"_ _1\"></span>t effectu\u00e9 annuellement par un actuaire qualifi\u00e9 selon la m\u00e9thode de cr\u00e9dit unitaire pr<span class=\"_ _1\"></span>ojet\u00e9e, tandis que les pres<span class=\"_ _1\"></span>tations sont attribu\u00e9es au cours des 16 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ant la retr<span class=\"_ _1\"></span>aite de chaque employ\u00e9. La r\u00e9\u00e9valuation de l'obliga<span class=\"_ _1\"></span>tion au titre des r\u00e9gimes \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies, qui se composent des gains et pertes actuariels, est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9termine les int\u00e9r\u00eats d\u00e9biteurs nets sur l'engagement net de la pr<span class=\"_ _1\"></span>estation d\u00e9finie pour la p\u00e9riode au mo<span class=\"_ _1\"></span>yen du taux d'actualisation utilis\u00e9 pour mesurer l'obliga<span class=\"_ _1\"></span>tion inh\u00e9rente \u00e0 la pr<span class=\"_ _1\"></span>estation d\u00e9finie au d\u00e9but de la p\u00e9riode annuelle jusqu'\u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie, en tenant compt<span class=\"_ _1\"></span>e de tout changement apport\u00e9 \u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie au cours de la p\u00e9riode r\u00e9sultant de cotisations et de v<span class=\"_ _1\"></span>ersements au titre des pr<span class=\"_ _1\"></span>estations. Les d\u00e9penses d'int\u00e9r\u00eat nettes et les autr<span class=\"_ _1\"></span>es d\u00e9penses li\u00e9es aux plans \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies sont comptabilis\u00e9es au compte de r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> Lorsque les pr<span class=\"_ _1\"></span>estations d'un r\u00e9gime sont modifi\u00e9es ou qu'un r\u00e9gime est r\u00e9duit, le changement qui en r\u00e9sulte r<span class=\"_ _1\"></span>elatif<span class=\"_ _8\"></span> aux pres<span class=\"_ _1\"></span>tations pour des services ant\u00e9rieurs ou le profit ou la pert<span class=\"_ _1\"></span>e r\u00e9sultant de cette r\u00e9duction est imm\u00e9diat<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> comptabilis\u00e9 au compt<span class=\"_ _1\"></span>e de r\u00e9sultat. Cenergy Holdings c<span class=\"_ _1\"></span>onstate les pr<span class=\"_ _1\"></span>ofits et pertes aff\u00e9rents au r\u00e8glement d'un r\u00e9gime \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies au moment de ce r\u00e8glement. (d) Indemnit\u00e9s de c<span class=\"_ _1\"></span>essation d'emploi Les indemnit\u00e9s de ces<span class=\"_ _1\"></span>sation d'emploi sont pass\u00e9es en charges au plus t\u00f4t lorsque Cener<span class=\"_ _1\"></span>gy Holdings ne peut plus retir<span class=\"_ _1\"></span>er l'offre de c<span class=\"_ _1\"></span>es prestations et lorsque Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les co\u00fbts d'une restructur<span class=\"_ _1\"></span>ation. S'il n'est pas pr\u00e9vu que les indemnit\u00e9s soient int\u00e9gralement r\u00e9gl\u00e9es dans les 12 mois apr\u00e8s la dat<span class=\"_ _1\"></span>e de cl\u00f4ture, elles sont actualis\u00e9es. 5.<span class=\"_ _1\"></span>17 Pro<span class=\"_ _1\"></span>visions<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>ovisions sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9es en actualisant les flux de tr\u00e9sorerie futurs attendus \u00e0 un taux a<span class=\"_ _1\"></span>vant imp\u00f4t. Le taux d\u2019actualisation utilis\u00e9 pour d\u00e9t<span class=\"_ _1\"></span>erminer la valeur actualis\u00e9e r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9, de la valeur actualis\u00e9e de l\u2019ar<span class=\"_ _1\"></span>gent et les risques sp\u00e9cifiques \u00e0 l\u2019<span class=\"_ _1\"></span>obligation.<span class=\"_ _8\"></span> Des pro<span class=\"_ _1\"></span>visions sont enregis<span class=\"_ _1\"></span>tr\u00e9es dans les cas suivants : i. <span class=\"_ _2c\"> </span>Il exist<span class=\"_ _1\"></span>e une obligation juridique ou implicite r\u00e9sultant d\u2019\u00e9v\u00e9nements ant\u00e9rieurs. ii. <span class=\"_ _72\"> </span>Il est pr<span class=\"_ _1\"></span>obable qu\u2019un paiement soit effectu\u00e9 pour r\u00e9gler l\u2019<span class=\"_ _1\"></span>obligation.<span class=\"_ _8\"></span> iii. <span class=\"_ _5\"> </span>Le montant du paiement en ques<span class=\"_ _1\"></span>tion peut \u00eatre estim\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e fiable.<span class=\"_ _8\"></span> Des pro<span class=\"_ _1\"></span>visions pour les d\u00e9cisions de justice en ins<span class=\"_ _1\"></span>tance sont comptabilis\u00e9es lorsqu\u2019il est plus que pr<span class=\"_ _1\"></span>obable qu\u2019il<span class=\"_ _8\"></span> exis<span class=\"_ _1\"></span>te une obligation r\u00e9sultant de ce litige et qu\u2019un paiement \u00e0 cet \u00e9gar<span class=\"_ _1\"></span>d est pr<span class=\"_ _1\"></span>obable selon l\u2019\u00e9valuation d\u2019un tiers. Des pro<span class=\"_ _1\"></span>visions de garantie d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e sont comptabilis\u00e9es lorsque le produit est v<span class=\"_ _1\"></span>endu et selon l\u2019<span class=\"_ _1\"></span>exp\u00e9rience ant\u00e9rieure (pr<span class=\"_ _1\"></span>obabilit\u00e9 que les produits v<span class=\"_ _1\"></span>endus aient besoin d\u2019\u00eatre r<span class=\"_ _1\"></span>emplac\u00e9s). L<span class=\"_ _1\"></span>\u2019es<span class=\"_ _1\"></span>timation initiale des co\u00fbts associ\u00e9s \u00e0 la gar<span class=\"_ _1\"></span>antie est re<span class=\"_ _1\"></span>vue tous les ans. Des pro<span class=\"_ _1\"></span>visions pour res<span class=\"_ _1\"></span>tructuration sont comptabilis\u00e9es uniquement lorsque Cener<span class=\"_ _1\"></span>gy Holdings est tenue par une obligation implicite, \u00e0 sa<span class=\"_ _1\"></span>voir lorsqu\u2019un plan officiel d\u00e9taill\u00e9 pr\u00e9cise l\u2019<span class=\"_ _1\"></span>activit\u00e9 ou la partie de l\u2019activit\u00e9 conc<span class=\"_ _1\"></span>ern\u00e9e,<span class=\"_ _8\"></span> le site et le nombr<span class=\"_ _1\"></span>e de collaborat<span class=\"_ _1\"></span>eurs concern\u00e9s, une estimation d\u00e9taill\u00e9e des c<span class=\"_ _1\"></span>o\u00fbts associ\u00e9s et un calendrier appropri\u00e9, et que les c<span class=\"_ _1\"></span>ollaborateurs c<span class=\"_ _1\"></span>oncern\u00e9s ont \u00e9t\u00e9 inform\u00e9s des principales modalit\u00e9s du plan en question ou que la soci\u00e9t\u00e9 a d\u00e9j\u00e0 commenc\u00e9 \u00e0 d\u00e9plo<span class=\"_ _1\"></span>yer le plan. Une pro<span class=\"_ _1\"></span>vision pour contr<span class=\"_ _1\"></span>ats on\u00e9reux est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actuelle des co\u00fbts les plus bas entr<span class=\"_ _1\"></span>e les co\u00fbts att<span class=\"_ _1\"></span>endus<span class=\"_ _8\"></span> de l\u2019<span class=\"_ _1\"></span>ex\u00e9cution du contr<span class=\"_ _1\"></span>at et le co\u00fbt d\u00e9c<span class=\"_ _1\"></span>oulant de l\u2019inex\u00e9cution du contr<span class=\"_ _1\"></span>at. A<span class=\"_ _1\"></span>vant de cons<span class=\"_ _1\"></span>tituer la pro<span class=\"_ _1\"></span>vision, Cenergy Holdings comptabilise tout<span class=\"_ _1\"></span>e perte de d\u00e9pr\u00e9ciation sur les actifs li\u00e9s au contr<span class=\"_ _1\"></span>at. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-5": {
   "value": "5.4 A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel<span class=\"_ _8\"></span> (a) A<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme Les av<span class=\"_ _1\"></span>antages du personnel \u00e0 court terme sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en charge au fur et \u00e0 mesur<span class=\"_ _1\"></span>e que la prestation de service aff\u00e9r<span class=\"_ _1\"></span>ente est acc<span class=\"_ _1\"></span>omplie. Un passif est comptabilis\u00e9 pour les montants \u00e0 pa<span class=\"_ _1\"></span>yer si Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont soumises \u00e0 une obligation l\u00e9gale e<span class=\"_ _1\"></span>xistante ou implicite de pa<span class=\"_ _1\"></span>yer ce montant suit<span class=\"_ _1\"></span>e \u00e0 des services<span class=\"_ _8\"></span> fournis par l'emplo<span class=\"_ _1\"></span>y\u00e9 par le pass\u00e9 et que cett<span class=\"_ _1\"></span>e obligation peut \u00eatre \u00e9valu\u00e9e de f<span class=\"_ _1\"></span>a\u00e7on fiable. (b) R\u00e9gimes \u00e0 c<span class=\"_ _1\"></span>otisations d\u00e9finies<span class=\"_ _8\"></span> Un r\u00e9gime \u00e0 cotisations d\u00e9finies est un r\u00e9gime d'a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l'emploi en v<span class=\"_ _1\"></span>ertu duquel Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> verse des c<span class=\"_ _1\"></span>otisations d\u00e9finies \u00e0 une entit\u00e9 juridique tierc<span class=\"_ _1\"></span>e sans aucune autre obligation. Le co\u00fbt ac<span class=\"_ _1\"></span>cumul\u00e9 des<span class=\"_ _8\"></span> r\u00e9gimes \u00e0 cotisations d\u00e9finies est c<span class=\"_ _1\"></span>omptabilis\u00e9 en charge au cours de la p\u00e9riode o\u00f9 le servic<span class=\"_ _1\"></span>e connex<span class=\"_ _1\"></span>e est fourni. (c<span class=\"_ _1\"></span>) R\u00e9gimes \u00e0 prestations d\u00e9finies L'obligation nette de C<span class=\"_ _1\"></span>energy Holdings au titre de r\u00e9gimes \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e s\u00e9par\u00e9ment pour<span class=\"_ _8\"></span> chaque r\u00e9gime en estimant le montant des av<span class=\"_ _1\"></span>antages futurs acquis par le personnel au cours de la p\u00e9riode actuelle et des p\u00e9riodes ant\u00e9rieures. C<span class=\"_ _1\"></span>e montant est actualis\u00e9 et la juste v<span class=\"_ _1\"></span>aleur des actifs du r\u00e9gime est ensuite d\u00e9duite. L<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> taux d'actualisation est bas\u00e9 sur des obligations de soci\u00e9t\u00e9s de pr<span class=\"_ _1\"></span>emier rang libell\u00e9es dans la de<span class=\"_ _1\"></span>vise dans laquelle<span class=\"_ _8\"></span> les pres<span class=\"_ _1\"></span>tations seront v<span class=\"_ _1\"></span>ers\u00e9es.<span class=\"_ _8\"></span> Le calcul des obligations au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies es<span class=\"_ _1\"></span>t effectu\u00e9 annuellement par un actuaire qualifi\u00e9 selon la m\u00e9thode de cr\u00e9dit unitaire pr<span class=\"_ _1\"></span>ojet\u00e9e, tandis que les pres<span class=\"_ _1\"></span>tations sont attribu\u00e9es au cours des 16 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ant la retr<span class=\"_ _1\"></span>aite de chaque employ\u00e9. La r\u00e9\u00e9valuation de l'obliga<span class=\"_ _1\"></span>tion au titre des r\u00e9gimes \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies, qui se composent des gains et pertes actuariels, est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9termine les int\u00e9r\u00eats d\u00e9biteurs nets sur l'engagement net de la pr<span class=\"_ _1\"></span>estation d\u00e9finie pour la p\u00e9riode au mo<span class=\"_ _1\"></span>yen du taux d'actualisation utilis\u00e9 pour mesurer l'obliga<span class=\"_ _1\"></span>tion inh\u00e9rente \u00e0 la pr<span class=\"_ _1\"></span>estation d\u00e9finie au d\u00e9but de la p\u00e9riode annuelle jusqu'\u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie, en tenant compt<span class=\"_ _1\"></span>e de tout changement apport\u00e9 \u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie au cours de la p\u00e9riode r\u00e9sultant de cotisations et de v<span class=\"_ _1\"></span>ersements au titre des pr<span class=\"_ _1\"></span>estations. Les d\u00e9penses d'int\u00e9r\u00eat nettes et les autr<span class=\"_ _1\"></span>es d\u00e9penses li\u00e9es aux plans \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies sont comptabilis\u00e9es au compte de r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> Lorsque les pr<span class=\"_ _1\"></span>estations d'un r\u00e9gime sont modifi\u00e9es ou qu'un r\u00e9gime est r\u00e9duit, le changement qui en r\u00e9sulte r<span class=\"_ _1\"></span>elatif<span class=\"_ _8\"></span> aux pres<span class=\"_ _1\"></span>tations pour des services ant\u00e9rieurs ou le profit ou la pert<span class=\"_ _1\"></span>e r\u00e9sultant de cette r\u00e9duction est imm\u00e9diat<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> comptabilis\u00e9 au compt<span class=\"_ _1\"></span>e de r\u00e9sultat. Cenergy Holdings c<span class=\"_ _1\"></span>onstate les pr<span class=\"_ _1\"></span>ofits et pertes aff\u00e9rents au r\u00e8glement d'un r\u00e9gime \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies au moment de ce r\u00e8glement. (d) Indemnit\u00e9s de c<span class=\"_ _1\"></span>essation d'emploi Les indemnit\u00e9s de ces<span class=\"_ _1\"></span>sation d'emploi sont pass\u00e9es en charges au plus t\u00f4t lorsque Cener<span class=\"_ _1\"></span>gy Holdings ne peut plus retir<span class=\"_ _1\"></span>er l'offre de c<span class=\"_ _1\"></span>es prestations et lorsque Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les co\u00fbts d'une restructur<span class=\"_ _1\"></span>ation. S'il n'est pas pr\u00e9vu que les indemnit\u00e9s soient int\u00e9gralement r\u00e9gl\u00e9es dans les 12 mois apr\u00e8s la dat<span class=\"_ _1\"></span>e de cl\u00f4ture, elles sont actualis\u00e9es. 5.6 Produits financiers et charges financi\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits financiers et charges financi\u00e8res de C<span class=\"_ _1\"></span>energy Holdings compr<span class=\"_ _1\"></span>ennent essentiellement : \u2022 <span class=\"_ _20\"> </span>les pr<span class=\"_ _1\"></span>oduits d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les dividendes per\u00e7us ; \u2022 <span class=\"_ _20\"> </span>les gains et pert<span class=\"_ _1\"></span>es de change sur emprunts et d\u00e9p\u00f4ts.<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus de dividendes sont comptabilis\u00e9s en r\u00e9sultat \u00e0 la date \u00e0 laquelle le dr<span class=\"_ _1\"></span>oit de rece<span class=\"_ _1\"></span>voir le paiement est ac<span class=\"_ _1\"></span>quis.<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> 5.7 Imp\u00f4t sur le r\u00e9sultat L'imp\u00f4t sur le r\u00e9sultat compr<span class=\"_ _1\"></span>end l'imp\u00f4t courant et l'imp\u00f4t diff\u00e9r\u00e9. Il es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat sauf dans la mesure o\u00f9 il c<span class=\"_ _1\"></span>oncerne un regr<span class=\"_ _1\"></span>oupement d'entreprises, ou des \u00e9l\u00e9ments comptabilis\u00e9s dir<span class=\"_ _1\"></span>ectement en capitaux propr<span class=\"_ _1\"></span>es ou dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. A. Imp\u00f4t cour<span class=\"_ _1\"></span>antL'imp\u00f4t cour<span class=\"_ _1\"></span>ant comprend l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir sur le r\u00e9sultat imposable de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice et t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> ajustements de l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir relatifs aux e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cices pr\u00e9c\u00e9dents. Il est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9 en application des<span class=\"_ _8\"></span> taux d'imposition en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats financiers. L'imp\u00f4t cour<span class=\"_ _1\"></span>ant inclut \u00e9galement tout imp\u00f4t<span class=\"_ _8\"></span> sur les dividendes. <span class=\"_ _52\"> </span> Les actifs et passifs d'imp\u00f4t c<span class=\"_ _1\"></span>ourant ne sont compens\u00e9s que si c<span class=\"_ _1\"></span>ertains crit\u00e8res sont remplis. B. Imp\u00f4t diff\u00e9r\u00e9 L'imp\u00f4t diff\u00e9r\u00e9 est r<span class=\"_ _1\"></span>econnu pour les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles entr<span class=\"_ _1\"></span>e les valeurs comptables des actifs et pas<span class=\"_ _1\"></span>sifs pour<span class=\"_ _8\"></span> les besoins de l'information financi\u00e8r<span class=\"_ _1\"></span>e et les valeurs calcul\u00e9es sur une base fiscale. L'imp\u00f4t diff\u00e9r\u00e9 n'est pas comptabilis\u00e9 pour : \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles sur la comptabilisation initiale des actifs et des passifs pour une tr<span class=\"_ _1\"></span>ansaction autre qu\u2019un regr<span class=\"_ _1\"></span>oupement d'entreprises et qui n\u2019<span class=\"_ _1\"></span>a pas d\u2019eff<span class=\"_ _1\"></span>et sur le r\u00e9sultat comptable ou fiscal ; \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles li\u00e9es \u00e0 des participations dans des filiales, des entreprises as<span class=\"_ _1\"></span>soci\u00e9es et des<span class=\"_ _8\"></span> coentr<span class=\"_ _1\"></span>eprises dans la mesure o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings est capable de contr\u00f4ler le moment de la r<span class=\"_ _1\"></span>eprise des<span class=\"_ _8\"></span> diff\u00e9renc<span class=\"_ _1\"></span>es temporelles et s\u2019il es<span class=\"_ _1\"></span>t probable qu\u2019<span class=\"_ _1\"></span>elles ne soient pas reprises dans un a<span class=\"_ _1\"></span>venir pr\u00e9visible ; et \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles imposables pro<span class=\"_ _1\"></span>venant de la c<span class=\"_ _1\"></span>omptabilisation initiale du goodwill.<span class=\"_ _8\"></span> Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont comptabilis\u00e9s pour les pert<span class=\"_ _1\"></span>es fiscales non utilis\u00e9es, les cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s<span class=\"_ _8\"></span> et les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles d\u00e9ductibles dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il est probable que des b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs<span class=\"_ _8\"></span> seront disponibles pour les utiliser<span class=\"_ _0\"></span>. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats<span class=\"_ _8\"></span> financiers et sont r\u00e9duits dans la mesure o\u00f9 il n\u2019<span class=\"_ _1\"></span>est plus pr<span class=\"_ _1\"></span>obable que l\u2019av<span class=\"_ _1\"></span>antage fiscal puisse se r\u00e9aliser ; ces r\u00e9ductions sont contr<span class=\"_ _1\"></span>e-pass\u00e9es si la probabilit\u00e9 de b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs s'accro\u00eet. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s non comptabilis\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque dat<span class=\"_ _1\"></span>e de cl\u00f4ture et comptabilis\u00e9s dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il devient pr<span class=\"_ _1\"></span>obable que des b\u00e9n\u00e9fices imposables futurs ser<span class=\"_ _1\"></span>ont disponibles pour les utiliser<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les montants d'imp\u00f4ts diff\u00e9r\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s aux taux d'imp\u00f4t attendus dans la p\u00e9riode o\u00f9 l'actif d'imp\u00f4t sera rec<span class=\"_ _1\"></span>ouvr\u00e9 en tenant compte des taux d'imposition en vigueur \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture. L'\u00e9valuation des imp\u00f4ts diff\u00e9r\u00e9s r<span class=\"_ _1\"></span>efl\u00e8te les cons\u00e9quenc<span class=\"_ _1\"></span>es fiscales qui d\u00e9couleraient de la f<span class=\"_ _1\"></span>a\u00e7on par laquelle Cenergy Holdings pr\u00e9voit, \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture, de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er ou de payer la v<span class=\"_ _1\"></span>aleur comptable de ses actifs et passifs. Les actifs et les passifs d'imp\u00f4ts diff\u00e9r\u00e9s ne sont c<span class=\"_ _1\"></span>ompens\u00e9s que s'il existe un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de compenser les actifs et passifs d'imp\u00f4ts e<span class=\"_ _1\"></span>xigibles et que les imp\u00f4ts diff\u00e9r\u00e9s concernent la m\u00eame aut<span class=\"_ _1\"></span>orit\u00e9 fiscale.<span class=\"_ _8\"></span> 5.8 Stocks Les st<span class=\"_ _1\"></span>ocks sont \u00e9valu\u00e9s au plus faible du c<span class=\"_ _1\"></span>o\u00fbt et de la valeur nette de r\u00e9alisation. L<span class=\"_ _1\"></span>e co\u00fbt est d\u00e9termin\u00e9 en appliquant la m\u00e9thode du co\u00fbt mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 et se c<span class=\"_ _1\"></span>ompose du co\u00fbt de production et de con<span class=\"_ _1\"></span>version, ainsi que de toutes les char<span class=\"_ _1\"></span>ges direct<span class=\"_ _1\"></span>es n\u00e9cessaires pour met<span class=\"_ _1\"></span>tre les stocks dans leur \u00e9ta<span class=\"_ _1\"></span>t actuel. La valeur nette de r\u00e9alisation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> estim\u00e9e sur la base du prix de v<span class=\"_ _1\"></span>ente actuel des stocks dans le c<span class=\"_ _1\"></span>ours normal de l'activit\u00e9, d\u00e9duction faite des fr<span class=\"_ _1\"></span>ais de<span class=\"_ _8\"></span> vent<span class=\"_ _1\"></span>e, si un tel cas de figur<span class=\"_ _1\"></span>e se produit. Les d\u00e9pr\u00e9ciations de st<span class=\"_ _1\"></span>ocks refl\u00e9tant la v<span class=\"_ _1\"></span>aleur nette de r\u00e9alisation, ainsi que toutes r<span class=\"_ _1\"></span>eprises, sont comptabilis\u00e9es en \u00ab co\u00fbt des v<span class=\"_ _1\"></span>entes \u00bb dans la p\u00e9riode au cours de laquelle elles surviennent. B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e \u00e0 r\u00e9partir le co\u00fbt des immobilisations corpor<span class=\"_ _1\"></span>elles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles es<span class=\"_ _1\"></span>tim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement<span class=\"_ _8\"></span> comptabilis\u00e9 en r\u00e9sultat. Les t<span class=\"_ _1\"></span>errains ne sont pas amortis.  B\u00e2timents administra<span class=\"_ _1\"></span>tifs <span class=\"_ _73\"> </span>20 \u00e0 50 ans  Usines <span class=\"_ _74\"> </span>33 \u00e0 50 ans  Machines lourdes <span class=\"_ _75\"> </span>12 \u00e0 40 ans  Machines l\u00e9g\u00e8res <span class=\"_ _76\"> </span>8 \u00e0 18 ans  Mobilier <span class=\"_ _74\"> </span>4 \u00e0 10 ans  Autres \u00e9quipements <span class=\"_ _77\"> </span>4 \u00e0 12 ans  Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _78\"> </span>4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9ces<span class=\"_ _1\"></span>saire. C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. 5.<span class=\"_ _1\"></span>11 Biens immobiliers de placements Les biens immobiliers de placements, y c<span class=\"_ _1\"></span>ompris les terrains, sont d\u00e9t<span class=\"_ _1\"></span>enus par Cenergy Holdings pour la per<span class=\"_ _1\"></span>ception de loy<span class=\"_ _1\"></span>ers ou la r\u00e9alisation de plus-v<span class=\"_ _1\"></span>alues et ne sont pas utilis\u00e9s par le propri\u00e9tair<span class=\"_ _1\"></span>e. Les biens immobiliers de placements sont comptabilis\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt historique, d\u00e9duction f<span class=\"_ _1\"></span>aite de l'amortissement. Lorsque les v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables des biens immobiliers de placements e<span class=\"_ _1\"></span>xc\u00e8dent leur v<span class=\"_ _1\"></span>aleur rec<span class=\"_ _1\"></span>ouvrable, la diff\u00e9r<span class=\"_ _1\"></span>ence (d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion)<span class=\"_ _8\"></span> est dir<span class=\"_ _1\"></span>ectement comptabilis\u00e9e en r\u00e9sultat comme une char<span class=\"_ _1\"></span>ge. Les r<span class=\"_ _1\"></span>eprises de perte de valeur d\u00e9j\u00e0 c<span class=\"_ _1\"></span>onstat\u00e9es sont<span class=\"_ _8\"></span> \u00e9galement comptabilis\u00e9es en r\u00e9sultat c<span class=\"_ _1\"></span>omme un produit. Les terr<span class=\"_ _1\"></span>ains ne sont pas amortis. Les immeubles sont amortis selon la m\u00e9thode lin\u00e9aire<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> B. Actifs non financiers \u00c0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e, Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s examinent les v<span class=\"_ _1\"></span>aleurs comptables de leurs actifs non financiers (autres que les s<span class=\"_ _1\"></span>tocks et les passifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s), afin de d\u00e9t<span class=\"_ _1\"></span>erminer toute indication de d\u00e9pr\u00e9ciation. Dans l\u2019\u00e9ventualit\u00e9 de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xistence d\u2019une t<span class=\"_ _1\"></span>elle indication, le montant recouvr<span class=\"_ _1\"></span>able de l\u2019actif ser<span class=\"_ _1\"></span>a estim\u00e9. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.Pour les autr<span class=\"_ _1\"></span>es actifs, la valeur c<span class=\"_ _1\"></span>omptable augment\u00e9e en raison de la r<span class=\"_ _1\"></span>eprise d\u2019une r\u00e9duction de valeur ne doit pas \u00eatre sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable qui aurait \u00e9t\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, nette des amortissements, si aucune r\u00e9duction de valeur n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait \u00e9t\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9e. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings incluent aussi, dans leur re<span class=\"_ _1\"></span>vue des montants recouvr<span class=\"_ _1\"></span>ables, des hypoth\u00e8ses li\u00e9es aux cons\u00e9quences du changement clima<span class=\"_ _1\"></span>tique.5.<span class=\"_ _1\"></span>14 Locations Au d\u00e9but d'un contr<span class=\"_ _1\"></span>at, le Groupe \u00e9v<span class=\"_ _1\"></span>alue si un contra<span class=\"_ _1\"></span>t est ou contient un contr<span class=\"_ _1\"></span>at de location. Un contr<span class=\"_ _1\"></span>at est ou<span class=\"_ _8\"></span> contient un contr<span class=\"_ _1\"></span>at de location s'il conf\u00e8r<span class=\"_ _1\"></span>e le droit de contr\u00f4ler l'utilisa<span class=\"_ _1\"></span>tion d'un bien d\u00e9termin\u00e9 pour un certain temps mo<span class=\"_ _1\"></span>yennant une c<span class=\"_ _1\"></span>ontrepartie. Pour d\u00e9terminer si un c<span class=\"_ _1\"></span>ontrat c<span class=\"_ _1\"></span>onf\u00e8re le droit de c<span class=\"_ _1\"></span>ontr\u00f4ler l'utilisation d'un actif<span class=\"_ _8\"></span> identifi\u00e9, le Groupe utilise la d\u00e9finition du c<span class=\"_ _1\"></span>ontrat de location de la norme IFRS 16. Comptabilisation des contr<span class=\"_ _1\"></span>ats de location en tant que preneur Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent divers bur<span class=\"_ _1\"></span>eaux, entrep\u00f4ts, machines et v\u00e9hicules. Les c<span class=\"_ _1\"></span>ontrats de location sont g\u00e9n\u00e9ralement \u00e9tablis pour des p\u00e9riodes fix<span class=\"_ _1\"></span>es de 1 \u00e0 5 ans. Les termes des c<span class=\"_ _1\"></span>ontrats de location sont n\u00e9goci\u00e9s au cas par cas et contiennent un lar<span class=\"_ _1\"></span>ge \u00e9ventail de termes et c<span class=\"_ _1\"></span>onditions diff\u00e9rents. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise un droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 et une obligation locative<span class=\"_ _1\"></span>, \u00e0 la date du d\u00e9but de la location. Le dr<span class=\"_ _1\"></span>oit d'utilisation de l\u2019actif est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt, qui compr<span class=\"_ _1\"></span>end le montant initial de<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>obligation de location ajust\u00e9 pour tout paiement de lo<span class=\"_ _1\"></span>yer eff<span class=\"_ _1\"></span>ectu\u00e9 \u00e0 la date d'entr\u00e9e en vigueur ou av<span class=\"_ _1\"></span>ant, plus tous les co\u00fbts dir<span class=\"_ _1\"></span>ects initiaux encourus et une estimation des co\u00fbts de d\u00e9mant\u00e8lement et de r<span class=\"_ _1\"></span>etrait de l'actif sous-jac<span class=\"_ _1\"></span>ent<span class=\"_ _8\"></span> ou de res<span class=\"_ _1\"></span>tauration de l'actif sous-jacent ou du sit<span class=\"_ _1\"></span>e sur lequel il se trouv<span class=\"_ _1\"></span>e, d\u00e9duction faire des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location re\u00e7us. Par la suite<span class=\"_ _1\"></span>, ils sont \u00e9valu\u00e9s au co\u00fbt d\u00e9duction f<span class=\"_ _1\"></span>aite des amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>, et ajust\u00e9s en vue de la r\u00e9\u00e9valuation de l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e. Le dr<span class=\"_ _1\"></span>oit d\u2019utilisation de l\u2019actif lou\u00e9 est amorti selon la m\u00e9thode lin\u00e9aire depuis la dat<span class=\"_ _1\"></span>e du d\u00e9but de la location jusqu\u2019\u00e0 la fin de celle-ci, \u00e0 moins que la location ne tr<span class=\"_ _1\"></span>ansf\u00e8re au Groupe la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l\u2019actif sous-jacent \u00e0 la fin de la loca<span class=\"_ _1\"></span>tion ou que le co\u00fbt du droit d\u2019utilisation sur l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 ne<span class=\"_ _8\"></span> refl\u00e8t<span class=\"_ _1\"></span>e le fait que le Groupe e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cera une option d\u2019<span class=\"_ _1\"></span>achat. Dans ce cas, le dr<span class=\"_ _1\"></span>oit d\u2019utilisation sur l\u2019actif lou\u00e9 sera amorti au fil de la dur\u00e9e d\u2019utilit\u00e9 de l\u2019actif sous-jac<span class=\"_ _1\"></span>ent qui est d\u00e9termin\u00e9e de la m\u00eame fa\u00e7on que c<span class=\"_ _1\"></span>elle des propri\u00e9t\u00e9s et des \u00e9quipements. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actualis\u00e9e des paiements de lo<span class=\"_ _1\"></span>yers suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les paiements fix<span class=\"_ _1\"></span>es (y compris les paiements fix<span class=\"_ _1\"></span>es en substance<span class=\"_ _1\"></span>), d\u00e9duction faite des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>paiements de lo<span class=\"_ _1\"></span>yers v<span class=\"_ _1\"></span>ariables qui sont fonction d\u2019un indice ou d\u2019un taux ; \u2022 <span class=\"_ _20\"> </span>sommes que le pr<span class=\"_ _1\"></span>eneur s'attend \u00e0 de<span class=\"_ _1\"></span>voir pa<span class=\"_ _1\"></span>yer au titr<span class=\"_ _1\"></span>e de garanties de valeur r\u00e9siduelle ; \u2022 <span class=\"_ _20\"> </span>prix d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice de l\u2019<span class=\"_ _1\"></span>option d\u2019achat que le pr<span class=\"_ _1\"></span>eneur a la certitude raisonnable d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer<span class=\"_ _1\"></span>, et \u2022 <span class=\"_ _20\"> </span>p\u00e9nalit\u00e9s e<span class=\"_ _1\"></span>xig\u00e9es en cas de r\u00e9siliation du contr<span class=\"_ _1\"></span>at de location, si la dur\u00e9e du contr<span class=\"_ _1\"></span>at de location refl\u00e8te l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice par le preneur de c<span class=\"_ _1\"></span>ette option. Ces paiements sont actualis\u00e9s en utilisant le taux d'int\u00e9r\u00eat implicite dans le c<span class=\"_ _1\"></span>ontrat de location ou, si c<span class=\"_ _1\"></span>e taux ne peut<span class=\"_ _8\"></span> pas \u00eatre f<span class=\"_ _1\"></span>acilement d\u00e9termin\u00e9, le taux d'emprunt marginal de la c<span class=\"_ _1\"></span>omposante conclue dans le contr<span class=\"_ _1\"></span>at de location. En g\u00e9n\u00e9ral, C<span class=\"_ _1\"></span>energy Holdings utilise son taux d'emprunt marginal c<span class=\"_ _1\"></span>omme taux d'actualisation.<span class=\"_ _8\"></span> Il s\u2019agit du taux que le pr<span class=\"_ _1\"></span>eneur<span class=\"_ _1\"></span>, c'est-\u00e0-dir<span class=\"_ _1\"></span>e, chacune des filiales de Cenergy Holdings, aur<span class=\"_ _1\"></span>ait \u00e0 verser \u00e0 la dat<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> d\u00e9but de la location pour un emprunt de dur\u00e9e similaire et a<span class=\"_ _1\"></span>vec une gar<span class=\"_ _1\"></span>antie similaire, pour obt<span class=\"_ _1\"></span>enir un actif de<span class=\"_ _8\"></span> valeur similair<span class=\"_ _1\"></span>e au droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif, dans un en<span class=\"_ _1\"></span>vironnement \u00e9c<span class=\"_ _1\"></span>onomique similaire. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est ult\u00e9rieur<span class=\"_ _1\"></span>ement augment\u00e9e par les charges d\u2019int\u00e9r\u00eats sur l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e et r\u00e9duite en fonction des paiements de lo<span class=\"_ _1\"></span>yers effectu\u00e9s. Elle es<span class=\"_ _1\"></span>t r\u00e9\u00e9valu\u00e9e s\u2019il survient un changement qui n\u2019<span class=\"_ _1\"></span>est pas comptabilis\u00e9 comme contr<span class=\"_ _1\"></span>at de location s\u00e9par\u00e9, lorsqu\u2019il y a un changement dans les paiements de lo<span class=\"_ _1\"></span>yers futurs en r<span class=\"_ _1\"></span>aison d\u2019une<span class=\"_ _8\"></span> variation de l\u2019indic<span class=\"_ _1\"></span>e ou de taux, un changement dans le montant estim\u00e9 dev<span class=\"_ _1\"></span>ant \u00eatre pa<span class=\"_ _1\"></span>y\u00e9 au titre d\u2019une garantie de valeur r\u00e9siduelle<span class=\"_ _1\"></span>, et de changements dans l\u2019es<span class=\"_ _1\"></span>timation de savoir si une option d\u2019<span class=\"_ _1\"></span>achat ou de prolongation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> raisonnablement c<span class=\"_ _1\"></span>ertaine d\u2019\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9e ou si une option de r\u00e9siliation est raisonnablement certaine de ne pas \u00eatr<span class=\"_ _1\"></span>e ex<span class=\"_ _1\"></span>erc\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas s\u00e9parer les composant<span class=\"_ _1\"></span>es non locatives des composant<span class=\"_ _1\"></span>es locatives. Les obligations locativ<span class=\"_ _1\"></span>es et les actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation sont pr\u00e9sent\u00e9s s\u00e9par\u00e9ment dans l\u2019\u00e9tat de la situation financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de pr\u00e9senter les int\u00e9r\u00eats vers\u00e9s au titr<span class=\"_ _1\"></span>e des obligations locatives dans l'\u00e9ta<span class=\"_ _1\"></span>t consolid\u00e9 des<span class=\"_ _8\"></span> flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, \u00e0 la ligne \u00ab int\u00e9r\u00eats vers\u00e9s \u00bb des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Contr<span class=\"_ _1\"></span>ats de location \u00e0 court terme et c<span class=\"_ _1\"></span>ontrats de location d'actifs de faible v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> Les paiements associ\u00e9s \u00e0 des baux \u00e0 c<span class=\"_ _1\"></span>ourt terme et \u00e0 des baux d'actifs de faible v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9s de fa\u00e7on lin\u00e9aire \u00e0 titr<span class=\"_ _1\"></span>e de charges en b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es ou en pertes. Les baux \u00e0 court terme sont des baux d'une dur\u00e9e de 12 mois ou moins. Les actifs de faible v<span class=\"_ _1\"></span>aleur incluent l\u2019\u00e9quipement informatique, de petits \u00e9l\u00e9ments d'\u00e9quipement de bur<span class=\"_ _1\"></span>eau<span class=\"_ _8\"></span> et autre<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent des bureaux administr<span class=\"_ _1\"></span>atifs et des entrep\u00f4ts via la soci\u00e9t\u00e9 m\u00e8r<span class=\"_ _1\"></span>e ultime<span class=\"_ _8\"></span> Viohalc<span class=\"_ _1\"></span>o S.A. et d'autres soci\u00e9t\u00e9s li\u00e9es. T<span class=\"_ _0\"></span>ous les contr<span class=\"_ _1\"></span>ats pour les bureaux administr<span class=\"_ _1\"></span>atifs et les entrep\u00f4ts n'incluent pas de clauses de p\u00e9nalit\u00e9 de r\u00e9siliation anticip\u00e9e et sont r\u00e9siliables \u00e0 tout moment. Pour c<span class=\"_ _1\"></span>ette raison, t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>ats intersoci\u00e9t\u00e9s pour les bureaux adminis<span class=\"_ _1\"></span>tratifs et les entr<span class=\"_ _1\"></span>ep\u00f4ts sont consid\u00e9r\u00e9s comme des contr<span class=\"_ _1\"></span>ats \u00e0 court terme et Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les paiements de location associ\u00e9s \u00e0 ces contr<span class=\"_ _1\"></span>ats comme des d\u00e9penses direct<span class=\"_ _1\"></span>es sur la dur\u00e9e du contrat de loca<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements Le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu de location est comptabilis\u00e9 comme un autr<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>venu sur une base lin\u00e9air<span class=\"_ _1\"></span>e pendant la dur\u00e9e de location.<span class=\"_ _8\"></span> Les incitations \u00e0 la location ac<span class=\"_ _1\"></span>cord\u00e9es sont c<span class=\"_ _1\"></span>omptabilis\u00e9es comme partie int\u00e9grante du r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu locatif total, sur la dur\u00e9e de location. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-55-6": {
   "value": "(c<span class=\"_ _1\"></span>) R\u00e9gimes \u00e0 prestations d\u00e9finies L'obligation nette de C<span class=\"_ _1\"></span>energy Holdings au titre de r\u00e9gimes \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies est \u00e9v<span class=\"_ _1\"></span>alu\u00e9e s\u00e9par\u00e9ment pour<span class=\"_ _8\"></span> chaque r\u00e9gime en estimant le montant des av<span class=\"_ _1\"></span>antages futurs acquis par le personnel au cours de la p\u00e9riode actuelle et des p\u00e9riodes ant\u00e9rieures. C<span class=\"_ _1\"></span>e montant est actualis\u00e9 et la juste v<span class=\"_ _1\"></span>aleur des actifs du r\u00e9gime est ensuite d\u00e9duite. L<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> taux d'actualisation est bas\u00e9 sur des obligations de soci\u00e9t\u00e9s de pr<span class=\"_ _1\"></span>emier rang libell\u00e9es dans la de<span class=\"_ _1\"></span>vise dans laquelle<span class=\"_ _8\"></span> les pres<span class=\"_ _1\"></span>tations seront v<span class=\"_ _1\"></span>ers\u00e9es.<span class=\"_ _8\"></span> Le calcul des obligations au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies es<span class=\"_ _1\"></span>t effectu\u00e9 annuellement par un actuaire qualifi\u00e9 selon la m\u00e9thode de cr\u00e9dit unitaire pr<span class=\"_ _1\"></span>ojet\u00e9e, tandis que les pres<span class=\"_ _1\"></span>tations sont attribu\u00e9es au cours des 16 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ant la retr<span class=\"_ _1\"></span>aite de chaque employ\u00e9. La r\u00e9\u00e9valuation de l'obliga<span class=\"_ _1\"></span>tion au titre des r\u00e9gimes \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies, qui se composent des gains et pertes actuariels, est imm\u00e9diatement c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9termine les int\u00e9r\u00eats d\u00e9biteurs nets sur l'engagement net de la pr<span class=\"_ _1\"></span>estation d\u00e9finie pour la p\u00e9riode au mo<span class=\"_ _1\"></span>yen du taux d'actualisation utilis\u00e9 pour mesurer l'obliga<span class=\"_ _1\"></span>tion inh\u00e9rente \u00e0 la pr<span class=\"_ _1\"></span>estation d\u00e9finie au d\u00e9but de la p\u00e9riode annuelle jusqu'\u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie, en tenant compt<span class=\"_ _1\"></span>e de tout changement apport\u00e9 \u00e0 l'engagement net de la pres<span class=\"_ _1\"></span>tation d\u00e9finie au cours de la p\u00e9riode r\u00e9sultant de cotisations et de v<span class=\"_ _1\"></span>ersements au titre des pr<span class=\"_ _1\"></span>estations. Les d\u00e9penses d'int\u00e9r\u00eat nettes et les autr<span class=\"_ _1\"></span>es d\u00e9penses li\u00e9es aux plans \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies sont comptabilis\u00e9es au compte de r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> Lorsque les pr<span class=\"_ _1\"></span>estations d'un r\u00e9gime sont modifi\u00e9es ou qu'un r\u00e9gime est r\u00e9duit, le changement qui en r\u00e9sulte r<span class=\"_ _1\"></span>elatif<span class=\"_ _8\"></span> aux pres<span class=\"_ _1\"></span>tations pour des services ant\u00e9rieurs ou le profit ou la pert<span class=\"_ _1\"></span>e r\u00e9sultant de cette r\u00e9duction est imm\u00e9diat<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> comptabilis\u00e9 au compt<span class=\"_ _1\"></span>e de r\u00e9sultat. Cenergy Holdings c<span class=\"_ _1\"></span>onstate les pr<span class=\"_ _1\"></span>ofits et pertes aff\u00e9rents au r\u00e8glement d'un r\u00e9gime \u00e0 pres<span class=\"_ _1\"></span>tations d\u00e9finies au moment de ce r\u00e8glement. 5.<span class=\"_ _1\"></span>15 Instruments financiers A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation initiale<span class=\"_ _8\"></span> Les cr\u00e9ances clients sont initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es \u00e0 leur valeur d\u2019<span class=\"_ _1\"></span>origine. T<span class=\"_ _0\"></span>ous les autr<span class=\"_ _1\"></span>es actifs et passifs<span class=\"_ _8\"></span> financiers sont initialement comptabilis\u00e9s lorsque Cener<span class=\"_ _1\"></span>gy Holdings devient partie aux dispositions c<span class=\"_ _1\"></span>ontractuelles de l'instrument. Un actif financier (sauf s'il s'agit d'une cr\u00e9ance client sans c<span class=\"_ _1\"></span>omposante financi\u00e8re important<span class=\"_ _1\"></span>e qui est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction) est initialement \u00e9valu\u00e9 \u00e0 la jus<span class=\"_ _1\"></span>te valeur plus, pour un \u00e9l\u00e9ment non c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0<span class=\"_ _8\"></span> la juste v<span class=\"_ _1\"></span>aleur par le biais du r\u00e9sultat net, les co\u00fbts de tr<span class=\"_ _1\"></span>ansaction directement attribuables \u00e0 son ac<span class=\"_ _1\"></span>quisition. Une<span class=\"_ _8\"></span> cr\u00e9ance client sans \u00e9l\u00e9ment de financement significa<span class=\"_ _1\"></span>tif est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> B. Classification et \u00e9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure Actifs financiers Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span> La classification des actifs financiers n\u2019<span class=\"_ _1\"></span>est pas modifi\u00e9e apr\u00e8s leur comptabilisa<span class=\"_ _1\"></span>tion initiale sauf si Cenergy Holdings change son mod\u00e8le \u00e9conomique conc<span class=\"_ _1\"></span>ernant la gestion des actifs financiers, auquel cas l\u2019<span class=\"_ _1\"></span>ensemble des actifs<span class=\"_ _8\"></span> financiers concern\u00e9s es<span class=\"_ _1\"></span>t retr<span class=\"_ _1\"></span>ait\u00e9 au premier jour de la premi\u00e8r<span class=\"_ _1\"></span>e p\u00e9riode comptable suiv<span class=\"_ _1\"></span>ant le changement de<span class=\"_ _8\"></span> mod\u00e8le \u00e9conomique. Un actif financier est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti s\u2019il remplit les deux c<span class=\"_ _1\"></span>onditions suivantes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la just<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il r<span class=\"_ _1\"></span>el\u00e8ve d\u2019un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l\u2019objectif es<span class=\"_ _1\"></span>t de d\u00e9tenir des actifs pour en collecter les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>actuels ; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles pr\u00e9v<span class=\"_ _1\"></span>oient, \u00e0 des dates sp\u00e9cifi\u00e9es, des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie uniquement constitu\u00e9s de paiements de principal et d\u2019int\u00e9r\u00eats sur le montant principal res<span class=\"_ _1\"></span>tant d\u00fb.<span class=\"_ _8\"></span> Un instrument de dette es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 en just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global s\u2019il r<span class=\"_ _1\"></span>emplit les deux conditions suiv<span class=\"_ _1\"></span>antes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il es<span class=\"_ _1\"></span>t d\u00e9tenu dans le cadre d'un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l'objectif est atteint \u00e0 la fois par la c<span class=\"_ _1\"></span>ollecte de flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels et la v<span class=\"_ _1\"></span>ente d'actifs financiers; et \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles donnent lieu \u00e0 des dat<span class=\"_ _1\"></span>es sp\u00e9cifi\u00e9es \u00e0 des flux de tr\u00e9sorerie qui sont uniquement constitu\u00e9s de paiements du principal et d'int\u00e9r\u00eats sur le montant principal r<span class=\"_ _1\"></span>estant d\u00fb. Lors de la comptabilisation initiale d'un titr<span class=\"_ _1\"></span>e de capitaux propr<span class=\"_ _1\"></span>es qui n'est pas d\u00e9tenu \u00e0 des fins de tr<span class=\"_ _1\"></span>ansaction,<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings peut irr\u00e9vocablement choisir de pr\u00e9senter les v<span class=\"_ _1\"></span>ariations ult\u00e9rieures de la just<span class=\"_ _1\"></span>e valeur du titr<span class=\"_ _1\"></span>e dans<span class=\"_ _8\"></span> les autres \u00e9l\u00e9ments du r\u00e9sultat global. C<span class=\"_ _1\"></span>e choix est effectu\u00e9 inv<span class=\"_ _1\"></span>estissement-par-in<span class=\"_ _1\"></span>vestissement. T<span class=\"_ _0\"></span>ous les actifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus aux fins de couvertur<span class=\"_ _1\"></span>e) qui ne sont pas class\u00e9s c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti ou selon la m\u00e9thode ci-dessus sont \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat. Lors de la comptabilisa<span class=\"_ _1\"></span>tion initiale, Cenergy Holdings peut irr\u00e9v<span class=\"_ _1\"></span>ocablement d\u00e9signer un actif financier \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat alors qu\u2019il r\u00e9pond aux crit\u00e8r<span class=\"_ _1\"></span>es pour \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti ou \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global d\u00e8s lors que c<span class=\"_ _1\"></span>e traitement \u00e9limine ou r\u00e9duit significativ<span class=\"_ _1\"></span>ement une non-concor<span class=\"_ _1\"></span>dance comptable qui sinon surviendrait. Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation du mod\u00e8le \u00e9conomique Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value l\u2019<span class=\"_ _1\"></span>objectif du mod\u00e8le \u00e9conomique dont rel\u00e8v<span class=\"_ _1\"></span>e un actif financier au niv<span class=\"_ _1\"></span>eau d\u2019un portefeuille, car c\u2019es<span class=\"_ _1\"></span>t l\u00e0 le meilleur reflet de la gestion de l\u2019<span class=\"_ _1\"></span>entreprise et du mode de pr\u00e9senta<span class=\"_ _1\"></span>tion des informations \u00e0 la Direction. Les transf<span class=\"_ _1\"></span>erts d\u2019actifs financiers \u00e0 des tiers dans des transactions qui ne donnent pas lieu \u00e0 d\u00e9c<span class=\"_ _1\"></span>omptabilisation ne sont pas<span class=\"_ _8\"></span> consid\u00e9r\u00e9s comme une v<span class=\"_ _1\"></span>ente \u00e0 c<span class=\"_ _1\"></span>ette fin, conform\u00e9ment \u00e0 la r<span class=\"_ _1\"></span>econnaissance c<span class=\"_ _1\"></span>ontinue des actifs par le Groupe. Actifs financiers- D\u00e9t<span class=\"_ _1\"></span>erminer si les flux de tr\u00e9sorerie contractuels sont uniquement des r<span class=\"_ _1\"></span>emboursements de principal et<span class=\"_ _8\"></span> des versements d\u2019int\u00e9r\u00eats: Aux fins de la pr\u00e9sente \u00e9v<span class=\"_ _1\"></span>aluation, le \u00ab principal \u00bb est d\u00e9fini comme la jus<span class=\"_ _1\"></span>te valeur de l'actif financier lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es \u00ab int\u00e9r\u00eats \u00bb sont d\u00e9finis comme une contr<span class=\"_ _1\"></span>epartie de la valeur temps de l'ar<span class=\"_ _1\"></span>gent et du<span class=\"_ _8\"></span> risque de cr\u00e9dit associ\u00e9 au principal r<span class=\"_ _1\"></span>estant d\u00fb pendant une p\u00e9riode donn\u00e9e, ainsi qu'\u00e0 d'autres risques et c<span class=\"_ _1\"></span>o\u00fbts de<span class=\"_ _8\"></span> pr\u00eat de base (tels que le risque de liquidit\u00e9 et les fr<span class=\"_ _1\"></span>ais administratifs<span class=\"_ _1\"></span>), tout en ajoutant une marge b\u00e9n\u00e9ficiair<span class=\"_ _1\"></span>e. Pour d\u00e9terminer si les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contractuels sont uniquement des paiements de capital et d'int\u00e9r\u00eats, C<span class=\"_ _1\"></span>energy Holdings tient compte des modalit\u00e9s c<span class=\"_ _1\"></span>ontractuelles de l'instrument. C<span class=\"_ _1\"></span>ela inclut d\u2019\u00e9valuer si l\u2019actif financier c<span class=\"_ _1\"></span>ontient<span class=\"_ _8\"></span> une dur\u00e9e contr<span class=\"_ _1\"></span>actuelle susceptible de modifier le calendrier ou le montant des flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels de telle sorte qu\u2019il ne r<span class=\"_ _1\"></span>emplisse pas cett<span class=\"_ _1\"></span>e condition. Dans le cadre de c<span class=\"_ _1\"></span>ette \u00e9valua<span class=\"_ _1\"></span>tion, Cenergy Holdings consid\u00e8r<span class=\"_ _1\"></span>e :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les \u00e9v\u00e9nements c<span class=\"_ _1\"></span>ontingents susceptibles de modifier le montant ou le calendrier des flux de tr\u00e9sorerie; \u2022 <span class=\"_ _20\"> </span>les conditions susc<span class=\"_ _1\"></span>eptibles d\u2019ajuster le taux du c<span class=\"_ _1\"></span>oupon contractuel, y c<span class=\"_ _1\"></span>ompris les caract\u00e9ristiques de taux v<span class=\"_ _1\"></span>ariable ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les car<span class=\"_ _1\"></span>act\u00e9ristiques de paiement anticip\u00e9 et de prolonga<span class=\"_ _1\"></span>tion; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les c<span class=\"_ _1\"></span>onditions qui limitent le droit \u00e0 se pr\u00e9v<span class=\"_ _1\"></span>aloir des flux de tr\u00e9sorerie sur c<span class=\"_ _1\"></span>ertains actifs (par ex<span class=\"_ _1\"></span>emple, absence de rec<span class=\"_ _1\"></span>ours possible). Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure et comp<span class=\"_ _1\"></span>tabilisation des gains et des pertes  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat. Actifs financiers au c<span class=\"_ _1\"></span>o\u00fbt amorti  <span class=\"_ _7d\"> </span> <span class=\"_ _38\"></span>Ces actifs sont ult\u00e9rieurement \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le co\u00fbt amorti est minor\u00e9 des pert<span class=\"_ _1\"></span>es de d\u00e9pr\u00e9ciation. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats, les gains et pertes de change et les d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _0\"></span>out gain ou perte sur une d\u00e9comptabilisation es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat. Instruments de dettes \u00e0 la just<span class=\"_ _1\"></span>e  <span class=\"_ _7e\"> </span> valeur par le biais des autr<span class=\"_ _1\"></span>es  <span class=\"_ _44\"> </span> \u00e9l\u00e9ments du r\u00e9sultat global  <span class=\"_ _7f\"> </span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats,  calcul\u00e9s selon la m\u00e9thode du taux d\u2019int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>, les gains et pertes de change et les <span class=\"_ _7b\"></span>  <span class=\"_ _38\"></span><span class=\"ff19\">d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. Les autres gains et pert<span class=\"_ _1\"></span>es nets </span>sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global. Lors de la d\u00e9comptabilisation, les gains et pertes cumul\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global sont retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Inv<span class=\"_ _1\"></span>estissements en capitaux  <span class=\"_ _34\"> </span> propres \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le  <span class=\"_ _80\"> </span> biais des autres \u00e9l\u00e9ments du   <span class=\"_ _55\"> </span> r\u00e9sultat global <span class=\"_ _81\"> </span> <span class=\"_ _7c\"> </span>Ces actifs sont ult\u00e9rieur<span class=\"_ _1\"></span>ement \u00e9valu\u00e9s \u00e0 leur just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. Les dividendes sont <span class=\"ff19\">comptabilis\u00e9s en pr<span class=\"_ _1\"></span>oduits au compte de r\u00e9sultat sauf si le dividende repr\u00e9sent<span class=\"_ _1\"></span>e </span><span class=\"ff19\">clairement une r<span class=\"_ _1\"></span>eprise d\u2019une partie du co\u00fbt de l\u2019inv<span class=\"_ _1\"></span>estissement. Les autres gains et </span><span class=\"ff19\">pertes nets sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et ne sont</span>jamais retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C. D\u00e9comptabilisation Actifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un actif financier quand :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les dr<span class=\"_ _1\"></span>oits contr<span class=\"_ _1\"></span>actuels sur les flux de tr\u00e9sorerie de l'actif financier expir<span class=\"_ _1\"></span>ent; ou \u2022 <span class=\"_ _20\"> </span>il tr<span class=\"_ _1\"></span>ansf\u00e8re les dr<span class=\"_ _1\"></span>oits de rece<span class=\"_ _1\"></span>voir les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contr<span class=\"_ _1\"></span>actuels dans une transaction : - <span class=\"_ _6a\"> </span>dans laquelle la quasi-totalit\u00e9 des risques et a<span class=\"_ _1\"></span>vantages de la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l'actif financier est transf\u00e9r\u00e9e ; ou - <span class=\"_ _6a\"> </span>dans lequel Cener<span class=\"_ _1\"></span>gy Holdings ne transf\u00e8r<span class=\"_ _1\"></span>e ni ne conserve la quasi-t<span class=\"_ _1\"></span>otalit\u00e9 des risques et des avantages de la propri\u00e9t\u00e9 et ne c<span class=\"_ _1\"></span>onserve pas le contr\u00f4le de l'actif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings conclut des transactions dans lesquelles elle tr<span class=\"_ _1\"></span>ansf\u00e8re des actifs comptabilis\u00e9s dans son \u00e9tat de situation financi\u00e8re<span class=\"_ _1\"></span>, mais conserve t<span class=\"_ _1\"></span>out ou une part substantielle de l\u2019<span class=\"_ _1\"></span>ensemble des risques et avantages sur les actifs transf\u00e9r\u00e9s. Dans c<span class=\"_ _1\"></span>e cas, les actifs transf\u00e9r\u00e9s ne sont pas d\u00e9comptabilis\u00e9s. Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. 5.20 \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur La \u00ab juste v<span class=\"_ _1\"></span>aleur \u00bb est le prix qui serait per\u00e7u en c<span class=\"_ _1\"></span>ontrepartie de la v<span class=\"_ _1\"></span>ente d\u2019un actif ou qui serait pa<span class=\"_ _1\"></span>y\u00e9 pour transf\u00e9r<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> une dette dans le cadr<span class=\"_ _1\"></span>e d\u2019une transaction or<span class=\"_ _1\"></span>donn\u00e9e entre des participants du march\u00e9, \u00e0 la da<span class=\"_ _1\"></span>te d\u2019\u00e9valuation sur le march\u00e9 principal ou, \u00e0 d\u00e9f<span class=\"_ _1\"></span>aut, sur le march\u00e9 le plus av<span class=\"_ _1\"></span>antageux auquel Cenergy Holdings a ac<span class=\"_ _1\"></span>c\u00e8s \u00e0 la date en question. La just<span class=\"_ _1\"></span>e valeur d\u2019une dette r<span class=\"_ _1\"></span>efl\u00e8te son risque de non-e<span class=\"_ _1\"></span>x\u00e9cution.<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de m\u00e9thodes comptables et d\u2019informations financi\u00e8r<span class=\"_ _1\"></span>es de Cenergy Holdings r<span class=\"_ _1\"></span>equi\u00e8rent l\u2019\u00e9valuation de la jus<span class=\"_ _1\"></span>te valeur d\u2019<span class=\"_ _1\"></span>actifs et de passifs financiers et non financiers. Lorsqu\u2019<span class=\"_ _1\"></span>elle est disponible, Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value la just<span class=\"_ _1\"></span>e valeur d\u2019un instrument sur la base de sa c<span class=\"_ _1\"></span>otation sur un<span class=\"_ _8\"></span> march\u00e9 actif<span class=\"_ _1\"></span>. Un mar<span class=\"_ _1\"></span>ch\u00e9 est consid\u00e9r\u00e9 comme \u00ab actif \u00bb si les tr<span class=\"_ _1\"></span>ansactions sur l\u2019actif ou le passif int<span class=\"_ _1\"></span>erviennent \u00e0 une<span class=\"_ _8\"></span> fr\u00e9quence et dans un v<span class=\"_ _1\"></span>olume suffisant pour fournir une information c<span class=\"_ _1\"></span>ontinue concernant son prix. S\u2019il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e pas de cotation sur un march\u00e9 actif<span class=\"_ _1\"></span>, Cener<span class=\"_ _1\"></span>gy Holdings utilise alors des techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion qui<span class=\"_ _8\"></span> s\u2019appuient sur un maximum d\u2019\u00e9l\u00e9ments observ<span class=\"_ _1\"></span>ables et un minimum d\u2019\u00e9l\u00e9ments qui ne sont pas observables. La technique d\u2019\u00e9v<span class=\"_ _1\"></span>aluation retenue int\u00e8gr<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>ensemble des facteurs que les participants du mar<span class=\"_ _1\"></span>ch\u00e9 prennent en compt<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> dans la fixation du prix d\u2019une tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> Si un actif ou un passif \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur a un c<span class=\"_ _1\"></span>ours acheteur et un cours v<span class=\"_ _1\"></span>endeur<span class=\"_ _1\"></span>, Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value alors les actifs et les positions longues au cours acheteur et les pas<span class=\"_ _1\"></span>sifs et positions courtes au cours v<span class=\"_ _1\"></span>endeur<span class=\"_ _1\"></span>. Le prix de la tr<span class=\"_ _1\"></span>ansaction constitue normalement la meilleure pr<span class=\"_ _1\"></span>euve de la jus<span class=\"_ _1\"></span>te valeur d\u2019un instrument financier lors de sa comptabilisation initiale, \u00e0 sa<span class=\"_ _1\"></span>voir la jus<span class=\"_ _1\"></span>te valeur de la contr<span class=\"_ _1\"></span>epartie pay\u00e9e ou r<span class=\"_ _1\"></span>e\u00e7ue. Si Cenergy Holdings \u00e9tablit que la juste v<span class=\"_ _1\"></span>aleur \u00e0 la comptabilisation initiale diff\u00e8r<span class=\"_ _1\"></span>e du prix de la transaction et que la juste v<span class=\"_ _1\"></span>aleur n\u2019<span class=\"_ _1\"></span>est pas attes<span class=\"_ _1\"></span>t\u00e9e par la cotation d\u2019un actif ou passif identique sur un mar<span class=\"_ _1\"></span>ch\u00e9 actif, ni ne s\u2019<span class=\"_ _1\"></span>appuie sur une technique d\u2019\u00e9valuation dont les \u00e9l\u00e9ments non observ<span class=\"_ _1\"></span>ables sont estim\u00e9s non significatifs par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019\u00e9valuation, l\u2019instrument financier est alors \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur ajus<span class=\"_ _1\"></span>t\u00e9e de la diff\u00e9rence entr<span class=\"_ _1\"></span>e la juste v<span class=\"_ _1\"></span>aleur lors de la comptabilisation initiale et le prix de la transaction. C<span class=\"_ _1\"></span>ette diff\u00e9renc<span class=\"_ _1\"></span>e est ult\u00e9rieurement comptabilis\u00e9e en r\u00e9sulta<span class=\"_ _1\"></span>t sur la dur\u00e9e de vie<span class=\"_ _8\"></span> de l\u2019instrument, tant que l\u2019\u00e9v<span class=\"_ _1\"></span>aluation rest<span class=\"_ _1\"></span>e enti\u00e8rement justifi\u00e9e par des donn\u00e9es observ<span class=\"_ _1\"></span>ables sur le march\u00e9 ou que la transaction n\u2019<span class=\"_ _1\"></span>est pas liquid\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-6": {
   "value": "(d) Indemnit\u00e9s de c<span class=\"_ _1\"></span>essation d'emploi Les indemnit\u00e9s de ces<span class=\"_ _1\"></span>sation d'emploi sont pass\u00e9es en charges au plus t\u00f4t lorsque Cener<span class=\"_ _1\"></span>gy Holdings ne peut plus retir<span class=\"_ _1\"></span>er l'offre de c<span class=\"_ _1\"></span>es prestations et lorsque Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les co\u00fbts d'une restructur<span class=\"_ _1\"></span>ation. S'il n'est pas pr\u00e9vu que les indemnit\u00e9s soient int\u00e9gralement r\u00e9gl\u00e9es dans les 12 mois apr\u00e8s la dat<span class=\"_ _1\"></span>e de cl\u00f4ture, elles sont actualis\u00e9es. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-57-3": {
   "value": "5.5 Subv<span class=\"_ _1\"></span>entions publiques Les sub<span class=\"_ _1\"></span>ventions publiques sont comptabilis\u00e9es \u00e0 leur jus<span class=\"_ _1\"></span>te valeur lorsque Cener<span class=\"_ _1\"></span>gy Holdings obtient l\u2019assur<span class=\"_ _1\"></span>ance raisonnable que la sub<span class=\"_ _1\"></span>vention ser<span class=\"_ _1\"></span>a effectiv<span class=\"_ _1\"></span>ement re\u00e7ue et que cett<span class=\"_ _1\"></span>e m\u00eame entit\u00e9 respecter<span class=\"_ _1\"></span>a toutes les modalit\u00e9s stipul\u00e9es. Les sub<span class=\"_ _1\"></span>ventions publiques aff\u00e9r<span class=\"_ _1\"></span>entes \u00e0 des d\u00e9penses sont diff\u00e9r\u00e9es et comptabilis\u00e9es par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat de la p\u00e9riode afin qu'elles corr<span class=\"_ _1\"></span>espondent aux d\u00e9penses qu'elles sont cens\u00e9es couvrir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les sub<span class=\"_ _1\"></span>ventions publiques r<span class=\"_ _1\"></span>elatives \u00e0 l'acquisition d'immobilisations c<span class=\"_ _1\"></span>orporelles sont comptabilis\u00e9es en pas<span class=\"_ _1\"></span>sifs<span class=\"_ _8\"></span> non cour<span class=\"_ _1\"></span>ants en tant que subv<span class=\"_ _1\"></span>entions publiques diff\u00e9r\u00e9es. Elles sont port\u00e9es au compte de r\u00e9sultat consolid\u00e9 (ligne \u00ab Autr<span class=\"_ _1\"></span>es produits \u00bb) selon la m\u00e9thode lin\u00e9aire sur la dur\u00e9e de vie a<span class=\"_ _1\"></span>ttendue des actifs concern\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-58-4": {
   "value": "5.6 Produits financiers et charges financi\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits financiers et charges financi\u00e8res de C<span class=\"_ _1\"></span>energy Holdings compr<span class=\"_ _1\"></span>ennent essentiellement : \u2022 <span class=\"_ _20\"> </span>les pr<span class=\"_ _1\"></span>oduits d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les dividendes per\u00e7us ; \u2022 <span class=\"_ _20\"> </span>les gains et pert<span class=\"_ _1\"></span>es de change sur emprunts et d\u00e9p\u00f4ts.<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus de dividendes sont comptabilis\u00e9s en r\u00e9sultat \u00e0 la date \u00e0 laquelle le dr<span class=\"_ _1\"></span>oit de rece<span class=\"_ _1\"></span>voir le paiement est ac<span class=\"_ _1\"></span>quis.<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-58-5": {
   "value": "5.6 Produits financiers et charges financi\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits financiers et charges financi\u00e8res de C<span class=\"_ _1\"></span>energy Holdings compr<span class=\"_ _1\"></span>ennent essentiellement : \u2022 <span class=\"_ _20\"> </span>les pr<span class=\"_ _1\"></span>oduits d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les dividendes per\u00e7us ; \u2022 <span class=\"_ _20\"> </span>les gains et pert<span class=\"_ _1\"></span>es de change sur emprunts et d\u00e9p\u00f4ts.<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus de dividendes sont comptabilis\u00e9s en r\u00e9sultat \u00e0 la date \u00e0 laquelle le dr<span class=\"_ _1\"></span>oit de rece<span class=\"_ _1\"></span>voir le paiement est ac<span class=\"_ _1\"></span>quis.<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-58-6": {
   "value": "5.6 Produits financiers et charges financi\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits financiers et charges financi\u00e8res de C<span class=\"_ _1\"></span>energy Holdings compr<span class=\"_ _1\"></span>ennent essentiellement : \u2022 <span class=\"_ _20\"> </span>les pr<span class=\"_ _1\"></span>oduits d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats ; \u2022 <span class=\"_ _20\"> </span>les dividendes per\u00e7us ; \u2022 <span class=\"_ _20\"> </span>les gains et pert<span class=\"_ _1\"></span>es de change sur emprunts et d\u00e9p\u00f4ts.<span class=\"_ _8\"></span> Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-61-7": {
   "value": "Les pr<span class=\"_ _1\"></span>oduits et les charges d'int\u00e9r\u00eats sont comptabilis\u00e9s selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le \u00ab taux d'int\u00e9r\u00eat effectif \u00bb es<span class=\"_ _1\"></span>t le taux qui permet d'actualiser exact<span class=\"_ _1\"></span>ement les paiements en num\u00e9raire ou les rec<span class=\"_ _1\"></span>ettes futurs estim\u00e9s sur la dur\u00e9e de vie att<span class=\"_ _1\"></span>endue de l'instrument financier \u00e0 :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif financier; ou \u2022 <span class=\"_ _20\"> </span>le c<span class=\"_ _1\"></span>o\u00fbt amorti du passif financier<span class=\"_ _1\"></span>. Dans le calcul des produits et char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eats, le taux d\u2019int\u00e9r\u00eat effectif est appliqu\u00e9 \u00e0 la v<span class=\"_ _1\"></span>aleur comptable brute de l'actif ou au co\u00fbt amorti du passif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les co\u00fbts d'emprunt li\u00e9s \u00e0 la c<span class=\"_ _1\"></span>onstruction d'actifs immobilis\u00e9s sont port\u00e9s \u00e0 l'actif jusqu'\u00e0 l'ach\u00e8vement de la construction. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-4": {
   "value": "5.7 Imp\u00f4t sur le r\u00e9sultat L'imp\u00f4t sur le r\u00e9sultat compr<span class=\"_ _1\"></span>end l'imp\u00f4t courant et l'imp\u00f4t diff\u00e9r\u00e9. Il es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat sauf dans la mesure o\u00f9 il c<span class=\"_ _1\"></span>oncerne un regr<span class=\"_ _1\"></span>oupement d'entreprises, ou des \u00e9l\u00e9ments comptabilis\u00e9s dir<span class=\"_ _1\"></span>ectement en capitaux propr<span class=\"_ _1\"></span>es ou dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. A. Imp\u00f4t cour<span class=\"_ _1\"></span>antL'imp\u00f4t cour<span class=\"_ _1\"></span>ant comprend l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir sur le r\u00e9sultat imposable de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice et t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> ajustements de l'imp\u00f4t \u00e0 pa<span class=\"_ _1\"></span>yer ou \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir relatifs aux e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cices pr\u00e9c\u00e9dents. Il est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9 en application des<span class=\"_ _8\"></span> taux d'imposition en vigueur \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats financiers. L'imp\u00f4t cour<span class=\"_ _1\"></span>ant inclut \u00e9galement tout imp\u00f4t<span class=\"_ _8\"></span> sur les dividendes. <span class=\"_ _52\"> </span> Les actifs et passifs d'imp\u00f4t c<span class=\"_ _1\"></span>ourant ne sont compens\u00e9s que si c<span class=\"_ _1\"></span>ertains crit\u00e8res sont remplis. B. Imp\u00f4t diff\u00e9r\u00e9 L'imp\u00f4t diff\u00e9r\u00e9 est r<span class=\"_ _1\"></span>econnu pour les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles entr<span class=\"_ _1\"></span>e les valeurs comptables des actifs et pas<span class=\"_ _1\"></span>sifs pour<span class=\"_ _8\"></span> les besoins de l'information financi\u00e8r<span class=\"_ _1\"></span>e et les valeurs calcul\u00e9es sur une base fiscale. L'imp\u00f4t diff\u00e9r\u00e9 n'est pas comptabilis\u00e9 pour : \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles sur la comptabilisation initiale des actifs et des passifs pour une tr<span class=\"_ _1\"></span>ansaction autre qu\u2019un regr<span class=\"_ _1\"></span>oupement d'entreprises et qui n\u2019<span class=\"_ _1\"></span>a pas d\u2019eff<span class=\"_ _1\"></span>et sur le r\u00e9sultat comptable ou fiscal ; \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles li\u00e9es \u00e0 des participations dans des filiales, des entreprises as<span class=\"_ _1\"></span>soci\u00e9es et des<span class=\"_ _8\"></span> coentr<span class=\"_ _1\"></span>eprises dans la mesure o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings est capable de contr\u00f4ler le moment de la r<span class=\"_ _1\"></span>eprise des<span class=\"_ _8\"></span> diff\u00e9renc<span class=\"_ _1\"></span>es temporelles et s\u2019il es<span class=\"_ _1\"></span>t probable qu\u2019<span class=\"_ _1\"></span>elles ne soient pas reprises dans un a<span class=\"_ _1\"></span>venir pr\u00e9visible ; et \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles imposables pro<span class=\"_ _1\"></span>venant de la c<span class=\"_ _1\"></span>omptabilisation initiale du goodwill.<span class=\"_ _8\"></span> Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont comptabilis\u00e9s pour les pert<span class=\"_ _1\"></span>es fiscales non utilis\u00e9es, les cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s<span class=\"_ _8\"></span> et les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles d\u00e9ductibles dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il est probable que des b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs<span class=\"_ _8\"></span> seront disponibles pour les utiliser<span class=\"_ _0\"></span>. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats<span class=\"_ _8\"></span> financiers et sont r\u00e9duits dans la mesure o\u00f9 il n\u2019<span class=\"_ _1\"></span>est plus pr<span class=\"_ _1\"></span>obable que l\u2019av<span class=\"_ _1\"></span>antage fiscal puisse se r\u00e9aliser ; ces r\u00e9ductions sont contr<span class=\"_ _1\"></span>e-pass\u00e9es si la probabilit\u00e9 de b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs s'accro\u00eet. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s non comptabilis\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque dat<span class=\"_ _1\"></span>e de cl\u00f4ture et comptabilis\u00e9s dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il devient pr<span class=\"_ _1\"></span>obable que des b\u00e9n\u00e9fices imposables futurs ser<span class=\"_ _1\"></span>ont disponibles pour les utiliser<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les montants d'imp\u00f4ts diff\u00e9r\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s aux taux d'imp\u00f4t attendus dans la p\u00e9riode o\u00f9 l'actif d'imp\u00f4t sera rec<span class=\"_ _1\"></span>ouvr\u00e9 en tenant compte des taux d'imposition en vigueur \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture. L'\u00e9valuation des imp\u00f4ts diff\u00e9r\u00e9s r<span class=\"_ _1\"></span>efl\u00e8te les cons\u00e9quenc<span class=\"_ _1\"></span>es fiscales qui d\u00e9couleraient de la f<span class=\"_ _1\"></span>a\u00e7on par laquelle Cenergy Holdings pr\u00e9voit, \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture, de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er ou de payer la v<span class=\"_ _1\"></span>aleur comptable de ses actifs et passifs. Les actifs et les passifs d'imp\u00f4ts diff\u00e9r\u00e9s ne sont c<span class=\"_ _1\"></span>ompens\u00e9s que s'il existe un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de compenser les actifs et passifs d'imp\u00f4ts e<span class=\"_ _1\"></span>xigibles et que les imp\u00f4ts diff\u00e9r\u00e9s concernent la m\u00eame aut<span class=\"_ _1\"></span>orit\u00e9 fiscale.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-63-5": {
   "value": "B. Imp\u00f4t diff\u00e9r\u00e9 L'imp\u00f4t diff\u00e9r\u00e9 est r<span class=\"_ _1\"></span>econnu pour les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles entr<span class=\"_ _1\"></span>e les valeurs comptables des actifs et pas<span class=\"_ _1\"></span>sifs pour<span class=\"_ _8\"></span> les besoins de l'information financi\u00e8r<span class=\"_ _1\"></span>e et les valeurs calcul\u00e9es sur une base fiscale. L'imp\u00f4t diff\u00e9r\u00e9 n'est pas comptabilis\u00e9 pour : \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles sur la comptabilisation initiale des actifs et des passifs pour une tr<span class=\"_ _1\"></span>ansaction autre qu\u2019un regr<span class=\"_ _1\"></span>oupement d'entreprises et qui n\u2019<span class=\"_ _1\"></span>a pas d\u2019eff<span class=\"_ _1\"></span>et sur le r\u00e9sultat comptable ou fiscal ; \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles li\u00e9es \u00e0 des participations dans des filiales, des entreprises as<span class=\"_ _1\"></span>soci\u00e9es et des<span class=\"_ _8\"></span> coentr<span class=\"_ _1\"></span>eprises dans la mesure o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings est capable de contr\u00f4ler le moment de la r<span class=\"_ _1\"></span>eprise des<span class=\"_ _8\"></span> diff\u00e9renc<span class=\"_ _1\"></span>es temporelles et s\u2019il es<span class=\"_ _1\"></span>t probable qu\u2019<span class=\"_ _1\"></span>elles ne soient pas reprises dans un a<span class=\"_ _1\"></span>venir pr\u00e9visible ; et \u2022 <span class=\"_ _20\"> </span>des diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>elles imposables pro<span class=\"_ _1\"></span>venant de la c<span class=\"_ _1\"></span>omptabilisation initiale du goodwill.<span class=\"_ _8\"></span> Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont comptabilis\u00e9s pour les pert<span class=\"_ _1\"></span>es fiscales non utilis\u00e9es, les cr\u00e9dits d\u2019imp\u00f4t non utilis\u00e9s<span class=\"_ _8\"></span> et les diff\u00e9renc<span class=\"_ _1\"></span>es temporelles d\u00e9ductibles dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il est probable que des b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs<span class=\"_ _8\"></span> seront disponibles pour les utiliser<span class=\"_ _0\"></span>. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e des \u00e9tats<span class=\"_ _8\"></span> financiers et sont r\u00e9duits dans la mesure o\u00f9 il n\u2019<span class=\"_ _1\"></span>est plus pr<span class=\"_ _1\"></span>obable que l\u2019av<span class=\"_ _1\"></span>antage fiscal puisse se r\u00e9aliser ; ces r\u00e9ductions sont contr<span class=\"_ _1\"></span>e-pass\u00e9es si la probabilit\u00e9 de b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables futurs s'accro\u00eet. Les actifs d'imp\u00f4ts diff\u00e9r\u00e9s non comptabilis\u00e9s sont r\u00e9vis\u00e9s \u00e0 chaque dat<span class=\"_ _1\"></span>e de cl\u00f4ture et comptabilis\u00e9s dans la mesur<span class=\"_ _1\"></span>e o\u00f9 il devient pr<span class=\"_ _1\"></span>obable que des b\u00e9n\u00e9fices imposables futurs ser<span class=\"_ _1\"></span>ont disponibles pour les utiliser<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les montants d'imp\u00f4ts diff\u00e9r\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s aux taux d'imp\u00f4t attendus dans la p\u00e9riode o\u00f9 l'actif d'imp\u00f4t sera rec<span class=\"_ _1\"></span>ouvr\u00e9 en tenant compte des taux d'imposition en vigueur \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture. L'\u00e9valuation des imp\u00f4ts diff\u00e9r\u00e9s r<span class=\"_ _1\"></span>efl\u00e8te les cons\u00e9quenc<span class=\"_ _1\"></span>es fiscales qui d\u00e9couleraient de la f<span class=\"_ _1\"></span>a\u00e7on par laquelle Cenergy Holdings pr\u00e9voit, \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture, de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er ou de payer la v<span class=\"_ _1\"></span>aleur comptable de ses actifs et passifs. Les actifs et les passifs d'imp\u00f4ts diff\u00e9r\u00e9s ne sont c<span class=\"_ _1\"></span>ompens\u00e9s que s'il existe un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de compenser les actifs et passifs d'imp\u00f4ts e<span class=\"_ _1\"></span>xigibles et que les imp\u00f4ts diff\u00e9r\u00e9s concernent la m\u00eame aut<span class=\"_ _1\"></span>orit\u00e9 fiscale.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-65-2": {
   "value": "5.8 Stocks Les st<span class=\"_ _1\"></span>ocks sont \u00e9valu\u00e9s au plus faible du c<span class=\"_ _1\"></span>o\u00fbt et de la valeur nette de r\u00e9alisation. L<span class=\"_ _1\"></span>e co\u00fbt est d\u00e9termin\u00e9 en appliquant la m\u00e9thode du co\u00fbt mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 et se c<span class=\"_ _1\"></span>ompose du co\u00fbt de production et de con<span class=\"_ _1\"></span>version, ainsi que de toutes les char<span class=\"_ _1\"></span>ges direct<span class=\"_ _1\"></span>es n\u00e9cessaires pour met<span class=\"_ _1\"></span>tre les stocks dans leur \u00e9ta<span class=\"_ _1\"></span>t actuel. La valeur nette de r\u00e9alisation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> estim\u00e9e sur la base du prix de v<span class=\"_ _1\"></span>ente actuel des stocks dans le c<span class=\"_ _1\"></span>ours normal de l'activit\u00e9, d\u00e9duction faite des fr<span class=\"_ _1\"></span>ais de<span class=\"_ _8\"></span> vent<span class=\"_ _1\"></span>e, si un tel cas de figur<span class=\"_ _1\"></span>e se produit. Les d\u00e9pr\u00e9ciations de st<span class=\"_ _1\"></span>ocks refl\u00e9tant la v<span class=\"_ _1\"></span>aleur nette de r\u00e9alisation, ainsi que toutes r<span class=\"_ _1\"></span>eprises, sont comptabilis\u00e9es en \u00ab co\u00fbt des v<span class=\"_ _1\"></span>entes \u00bb dans la p\u00e9riode au cours de laquelle elles surviennent. 14. Stocks  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits finis et mar<span class=\"_ _1\"></span>chandises <span class=\"_ _70\"> </span>94.727 <span class=\"_ _be\"> </span>78.227 Produits semi-finis <span class=\"_ _182\"> </span>73.835 <span class=\"_ _c0\"> </span>53.366 Mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res et auxiliair<span class=\"_ _1\"></span>es  <span class=\"_ _1b6\"> </span>317<span class=\"_ _1\"></span>.832 <span class=\"_ _18a\"> </span>137<span class=\"_ _1\"></span>.87<span class=\"_ _1\"></span>5 Consommables <span class=\"_ _1b7\"> </span>4.239 <span class=\"_ _17a\"> </span>2.823 Mat\u00e9riaux d'emballage <span class=\"_ _a0\"> </span>5.732 <span class=\"_ _17a\"> </span>2.622 Pi\u00e8ces de r<span class=\"_ _1\"></span>echange <span class=\"_ _1b8\"> </span>11.<span class=\"_ _1\"></span>179 <span class=\"_ _132\"> </span>9.<span class=\"_ _1\"></span>112 T<span class=\"_ _0\"></span>otal <span class=\"_ _1b9\"> </span>507<span class=\"_ _0\"></span>.545 <span class=\"_ _d0\"> </span>284.<span class=\"_ _1\"></span>025 Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, les stocks ont augment\u00e9 de 223,5 millions d'eur<span class=\"_ _1\"></span>os par rapport au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2021. Cett<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> augmentation r\u00e9sulte principalement de l'augmentation des besoins en mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es pour l'ex\u00e9cution des projets de tubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, ainsi que de l'augmentation des v<span class=\"_ _1\"></span>olumes de stocks du segment C\u00e2bles attribu\u00e9e \u00e0 l'augmentation de l'activit\u00e9 et aux prix plus \u00e9lev\u00e9s des ma<span class=\"_ _1\"></span>ti\u00e8res premi\u00e8r<span class=\"_ _1\"></span>es constat\u00e9s t<span class=\"_ _1\"></span>out au long de 2022 par<span class=\"_ _8\"></span> rapport \u00e0 20<span class=\"_ _1\"></span>21 (\u00e0 titre indicatif<span class=\"_ _1\"></span>, le prix moy<span class=\"_ _1\"></span>en du cuivre sur le LME a augment\u00e9 de +5,<span class=\"_ _1\"></span>7% en 2022, passant de 7<span class=\"_ _0\"></span>.881<span class=\"_ _8\"></span> euros par t<span class=\"_ _1\"></span>onne \u00e0 8.334 euros par tonne<span class=\"_ _1\"></span>, et le prix moy<span class=\"_ _1\"></span>en correspondant de l\u2019<span class=\"_ _1\"></span>aluminium a augment\u00e9 de 21,8% en<span class=\"_ _8\"></span> 2022, passant de 2.<span class=\"_ _1\"></span>101 eur<span class=\"_ _1\"></span>os par tonne \u00e0 2.559 eur<span class=\"_ _1\"></span>os par tonne. En 2022, le montant des st<span class=\"_ _1\"></span>ocks comptabilis\u00e9s en charges au c<span class=\"_ _1\"></span>ours de la p\u00e9riode et inclus dans le \u00ab co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb<span class=\"_ _8\"></span> s\u2019\u00e9lev<span class=\"_ _1\"></span>ait \u00e0 967<span class=\"_ _0\"></span>,7 millions d\u2019<span class=\"_ _1\"></span>euros (20<span class=\"_ _1\"></span>21 : 721,7 millions d'eur<span class=\"_ _1\"></span>os). Une d\u00e9pr\u00e9ciation des stocks \u00e0 leur v<span class=\"_ _1\"></span>aleur de r\u00e9alisation nette de 438 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os a \u00e9t\u00e9 comptabilis\u00e9e en 2022 (2021 : 333 milliers d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Il n\u2019y a pas de stocks donn\u00e9s en gar<span class=\"_ _1\"></span>antie pour les emprunts re\u00e7us par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-65-5": {
   "value": "5.8 Stocks Les st<span class=\"_ _1\"></span>ocks sont \u00e9valu\u00e9s au plus faible du c<span class=\"_ _1\"></span>o\u00fbt et de la valeur nette de r\u00e9alisation. L<span class=\"_ _1\"></span>e co\u00fbt est d\u00e9termin\u00e9 en appliquant la m\u00e9thode du co\u00fbt mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 et se c<span class=\"_ _1\"></span>ompose du co\u00fbt de production et de con<span class=\"_ _1\"></span>version, ainsi que de toutes les char<span class=\"_ _1\"></span>ges direct<span class=\"_ _1\"></span>es n\u00e9cessaires pour met<span class=\"_ _1\"></span>tre les stocks dans leur \u00e9ta<span class=\"_ _1\"></span>t actuel. La valeur nette de r\u00e9alisation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> estim\u00e9e sur la base du prix de v<span class=\"_ _1\"></span>ente actuel des stocks dans le c<span class=\"_ _1\"></span>ours normal de l'activit\u00e9, d\u00e9duction faite des fr<span class=\"_ _1\"></span>ais de<span class=\"_ _8\"></span> vent<span class=\"_ _1\"></span>e, si un tel cas de figur<span class=\"_ _1\"></span>e se produit. Les d\u00e9pr\u00e9ciations de st<span class=\"_ _1\"></span>ocks refl\u00e9tant la v<span class=\"_ _1\"></span>aleur nette de r\u00e9alisation, ainsi que toutes r<span class=\"_ _1\"></span>eprises, sont comptabilis\u00e9es en \u00ab co\u00fbt des v<span class=\"_ _1\"></span>entes \u00bb dans la p\u00e9riode au cours de laquelle elles surviennent. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-66-3": {
   "value": "5.9 Immobilisations corpor<span class=\"_ _1\"></span>elles<span class=\"_ _8\"></span> A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Les immobilisations corpor<span class=\"_ _1\"></span>elles sont \u00e9valu\u00e9es \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt d'acquisition, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> et amortissements cumul\u00e9s.Le c<span class=\"_ _1\"></span>o\u00fbt d'acquisition comprend l'ensemble des d\u00e9penses dir<span class=\"_ _1\"></span>ectement associ\u00e9es \u00e0 l'acquisition ou \u00e0 la cons<span class=\"_ _1\"></span>truction de l'actif. L<span class=\"_ _1\"></span>es co\u00fbts de construction des actifs immobilis\u00e9s compr<span class=\"_ _1\"></span>ennent le co\u00fbt de la main-d'\u0153uvre dir<span class=\"_ _1\"></span>ecte, des mat\u00e9riaux et t<span class=\"_ _1\"></span>out autre co\u00fbt li\u00e9s \u00e0 leur mise en servic<span class=\"_ _1\"></span>e ainsi que les co\u00fbts d'emprunt.<span class=\"_ _8\"></span> Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont capitalis\u00e9es que s'il est probable que Cener<span class=\"_ _1\"></span>gy Holdings b\u00e9n\u00e9ficiera d\u2019<span class=\"_ _1\"></span>avantages \u00e9conomiques futurs. Les c<span class=\"_ _1\"></span>o\u00fbts de r\u00e9paration et d'entr<span class=\"_ _1\"></span>etien sont comptabilis\u00e9s au compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. En cas de cession d'une immobilisation c<span class=\"_ _1\"></span>orporelle, t<span class=\"_ _1\"></span>oute diff\u00e9renc<span class=\"_ _1\"></span>e entre le prix re\u00e7u et la v<span class=\"_ _1\"></span>aleur comptable de l'actifest comptabilis\u00e9e en r\u00e9sultat \u00e0 la rubrique \u00ab A<span class=\"_ _1\"></span>utres pr<span class=\"_ _1\"></span>oduits (charges<span class=\"_ _1\"></span>) \u00bb.<span class=\"_ _8\"></span> Les co\u00fbts d'emprunt li\u00e9s \u00e0 la c<span class=\"_ _1\"></span>onstruction d'actifs immobilis\u00e9s sont port\u00e9s \u00e0 l'actif jusqu'\u00e0 l'ach\u00e8vement de la construction. B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e \u00e0 r\u00e9partir le co\u00fbt des immobilisations corpor<span class=\"_ _1\"></span>elles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles es<span class=\"_ _1\"></span>tim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement<span class=\"_ _8\"></span> comptabilis\u00e9 en r\u00e9sultat. Les t<span class=\"_ _1\"></span>errains ne sont pas amortis.  B\u00e2timents administra<span class=\"_ _1\"></span>tifs <span class=\"_ _73\"> </span>20 \u00e0 50 ans  Usines <span class=\"_ _74\"> </span>33 \u00e0 50 ans  Machines lourdes <span class=\"_ _75\"> </span>12 \u00e0 40 ans  Machines l\u00e9g\u00e8res <span class=\"_ _76\"> </span>8 \u00e0 18 ans  Mobilier <span class=\"_ _74\"> </span>4 \u00e0 10 ans  Autres \u00e9quipements <span class=\"_ _77\"> </span>4 \u00e0 12 ans  Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _78\"> </span>4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9ces<span class=\"_ _1\"></span>saire. C. Reclassification en bien immobilier de plac<span class=\"_ _1\"></span>ements<span class=\"_ _8\"></span> Lorsque la destination d'un bien immobilier n'es<span class=\"_ _1\"></span>t plus l'occupation par son propri\u00e9tair<span class=\"_ _1\"></span>e, mais l'inv<span class=\"_ _1\"></span>estissement immobilier<span class=\"_ _1\"></span>, le bien est r<span class=\"_ _1\"></span>eclass\u00e9 en cons\u00e9quenc<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le bien est r<span class=\"_ _1\"></span>eclass\u00e9 \u00e0 sa valeur c<span class=\"_ _1\"></span>omptable nette \u00e0 la date de r<span class=\"_ _1\"></span>eclassification, qui deviendr<span class=\"_ _1\"></span>a son co\u00fbt d'acquisition r\u00e9put\u00e9 pour son trait<span class=\"_ _1\"></span>ement comptable ult\u00e9rieur<span class=\"_ _1\"></span>. D<span class=\"_ _1\"></span>. Reclassification en actifs disponibles \u00e0 la v<span class=\"_ _1\"></span>ente Les actifs non cour<span class=\"_ _1\"></span>ants et les groupes d\u2019<span class=\"_ _1\"></span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s sont r<span class=\"_ _1\"></span>eclass\u00e9s comme d\u00e9tenus pour la v<span class=\"_ _1\"></span>ente si leur valeur c<span class=\"_ _1\"></span>omptable est rec<span class=\"_ _1\"></span>ouvr\u00e9e principalement par une vente plut\u00f4t que par une utilisation c<span class=\"_ _1\"></span>ontinue.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-69-4": {
   "value": "Le c<span class=\"_ _1\"></span>o\u00fbt d'acquisition comprend l'ensemble des d\u00e9penses dir<span class=\"_ _1\"></span>ectement associ\u00e9es \u00e0 l'acquisition ou \u00e0 la cons<span class=\"_ _1\"></span>truction de l'actif. L<span class=\"_ _1\"></span>es co\u00fbts de construction des actifs immobilis\u00e9s compr<span class=\"_ _1\"></span>ennent le co\u00fbt de la main-d'\u0153uvre dir<span class=\"_ _1\"></span>ecte, des mat\u00e9riaux et t<span class=\"_ _1\"></span>out autre co\u00fbt li\u00e9s \u00e0 leur mise en servic<span class=\"_ _1\"></span>e ainsi que les co\u00fbts d'emprunt.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-73-4": {
   "value": "Les c<span class=\"_ _1\"></span>o\u00fbts de r\u00e9paration et d'entr<span class=\"_ _1\"></span>etien sont comptabilis\u00e9s au compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-77-7": {
   "value": "B. Amortissement L'amortissement est calcul\u00e9 de mani\u00e8r<span class=\"_ _1\"></span>e \u00e0 r\u00e9partir le co\u00fbt des immobilisations corpor<span class=\"_ _1\"></span>elles, d\u00e9duction faite de leurs valeurs r\u00e9siduelles es<span class=\"_ _1\"></span>tim\u00e9es en utilisant la m\u00e9thode lin\u00e9aire sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e et est g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement<span class=\"_ _8\"></span> comptabilis\u00e9 en r\u00e9sultat. Les t<span class=\"_ _1\"></span>errains ne sont pas amortis.  B\u00e2timents administra<span class=\"_ _1\"></span>tifs <span class=\"_ _73\"> </span>20 \u00e0 50 ans  Usines <span class=\"_ _74\"> </span>33 \u00e0 50 ans  Machines lourdes <span class=\"_ _75\"> </span>12 \u00e0 40 ans  Machines l\u00e9g\u00e8res <span class=\"_ _76\"> </span>8 \u00e0 18 ans  Mobilier <span class=\"_ _74\"> </span>4 \u00e0 10 ans  Autres \u00e9quipements <span class=\"_ _77\"> </span>4 \u00e0 12 ans  Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _78\"> </span>4 \u00e0 10 ans Les m\u00e9thodes d'amortissements, les dur\u00e9es d'utilit\u00e9 et les v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajust\u00e9es si n\u00e9ces<span class=\"_ _1\"></span>saire. C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. Par la suite<span class=\"_ _1\"></span>, ils sont \u00e9valu\u00e9s au co\u00fbt d\u00e9duction f<span class=\"_ _1\"></span>aite des amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>, et ajust\u00e9s en vue de la r\u00e9\u00e9valuation de l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e. Le dr<span class=\"_ _1\"></span>oit d\u2019utilisation de l\u2019actif lou\u00e9 est amorti selon la m\u00e9thode lin\u00e9aire depuis la dat<span class=\"_ _1\"></span>e du d\u00e9but de la location jusqu\u2019\u00e0 la fin de celle-ci, \u00e0 moins que la location ne tr<span class=\"_ _1\"></span>ansf\u00e8re au Groupe la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l\u2019actif sous-jacent \u00e0 la fin de la loca<span class=\"_ _1\"></span>tion ou que le co\u00fbt du droit d\u2019utilisation sur l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 ne<span class=\"_ _8\"></span> refl\u00e8t<span class=\"_ _1\"></span>e le fait que le Groupe e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cera une option d\u2019<span class=\"_ _1\"></span>achat. Dans ce cas, le dr<span class=\"_ _1\"></span>oit d\u2019utilisation sur l\u2019actif lou\u00e9 sera amorti au fil de la dur\u00e9e d\u2019utilit\u00e9 de l\u2019actif sous-jac<span class=\"_ _1\"></span>ent qui est d\u00e9termin\u00e9e de la m\u00eame fa\u00e7on que c<span class=\"_ _1\"></span>elle des propri\u00e9t\u00e9s et des \u00e9quipements. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-79-4": {
   "value": "D<span class=\"_ _1\"></span>. Reclassification en actifs disponibles \u00e0 la v<span class=\"_ _1\"></span>ente Les actifs non cour<span class=\"_ _1\"></span>ants et les groupes d\u2019<span class=\"_ _1\"></span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s sont r<span class=\"_ _1\"></span>eclass\u00e9s comme d\u00e9tenus pour la v<span class=\"_ _1\"></span>ente si leur valeur c<span class=\"_ _1\"></span>omptable est rec<span class=\"_ _1\"></span>ouvr\u00e9e principalement par une vente plut\u00f4t que par une utilisation c<span class=\"_ _1\"></span>ontinue.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-79-5": {
   "value": "D<span class=\"_ _1\"></span>. Reclassification en actifs disponibles \u00e0 la v<span class=\"_ _1\"></span>ente Les actifs non cour<span class=\"_ _1\"></span>ants et les groupes d\u2019<span class=\"_ _1\"></span>actifs destin\u00e9s \u00e0 \u00eatre c\u00e9d\u00e9s sont r<span class=\"_ _1\"></span>eclass\u00e9s comme d\u00e9tenus pour la v<span class=\"_ _1\"></span>ente si leur valeur c<span class=\"_ _1\"></span>omptable est rec<span class=\"_ _1\"></span>ouvr\u00e9e principalement par une vente plut\u00f4t que par une utilisation c<span class=\"_ _1\"></span>ontinue.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-80-4": {
   "value": "5.<span class=\"_ _1\"></span>10 Immobilisations incorporelles A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation<span class=\"_ _8\"></span> Recherche et d\u00e9veloppemen<span class=\"_ _1\"></span>t<span class=\"ff19\"> : les d\u00e9penses relativ<span class=\"_ _1\"></span>es aux activit\u00e9s de recherche sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat<span class=\"_ _8\"></span> </span>lorsqu\u2018elles sont engag\u00e9es. Les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement ne sont inscrits \u00e0 l\u2019<span class=\"_ _1\"></span>actif que si la d\u00e9pense peut \u00eatre \u00e9valu\u00e9e de mani\u00e8r<span class=\"_ _1\"></span>e fiable, le produit ou le pr<span class=\"_ _1\"></span>ocessus est t<span class=\"_ _1\"></span>echniquement et commercialement viable<span class=\"_ _1\"></span>, les b\u00e9n\u00e9fices \u00e9conomiques futurs sont pr<span class=\"_ _1\"></span>obables et que Cenergy Holdings a l'int<span class=\"_ _1\"></span>ention et dispose de ressour<span class=\"_ _1\"></span>ces suffisantes pour achev<span class=\"_ _1\"></span>er le d\u00e9veloppement, et utiliser ou v<span class=\"_ _1\"></span>endre l'actif<span class=\"_ _1\"></span>. Dans le cas contr<span class=\"_ _1\"></span>aire, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. Apr\u00e8s leur comptabilisation initiale, les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt d'acquisition diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>ogiciels <span class=\"ff19 ws1\">: les lic<span class=\"_ _1\"></span>ences logicielles sont comptabilis\u00e9es \u00e0 leur co\u00fbt d'acquisition diminu\u00e9 des amortis<span class=\"_ _1\"></span>sements cumul\u00e9s.<span class=\"_ _8\"></span> </span>Ces actifs sont amortis selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e d'utilit\u00e9 estim\u00e9e qui varie entr<span class=\"_ _1\"></span>e 3 et 10 ans. Les frais li\u00e9s \u00e0 leur entretien sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice au cours duquel ils sont engag\u00e9s. Autres immobilisations inc<span class=\"_ _1\"></span>orporelles <span class=\"ff19\">: les autres immobilisations incorpor<span class=\"_ _1\"></span>elles, y compris les r<span class=\"_ _1\"></span>elations av<span class=\"_ _1\"></span>ec les clients,<span class=\"_ _8\"></span> </span>le \u00ab sav<span class=\"_ _1\"></span>oir-fair<span class=\"_ _1\"></span>e \u00bb, les brev<span class=\"_ _1\"></span>ets et les marques de c<span class=\"_ _1\"></span>ommerce, qui sont ac<span class=\"_ _1\"></span>quis par Cenergy Holdings et qui ont une dur\u00e9e de vie utile limit\u00e9e, sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur co\u00fbt diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de valeur<span class=\"_ _0\"></span>. Ces actifs sont amortis selon la m\u00e9thode de l'amortissement lin\u00e9aire sur leur dur\u00e9e de vie utile es<span class=\"_ _1\"></span>timative. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> autres immobilisations inc<span class=\"_ _1\"></span>orporelles, qui ont une dur\u00e9e de vie ind\u00e9termin\u00e9e<span class=\"_ _1\"></span>, sont \u00e9valu\u00e9es \u00e0 leur co\u00fbt, d\u00e9duction faite des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur cumul\u00e9es. B. D\u00e9penses ult\u00e9rieures Les d\u00e9penses ult\u00e9rieur<span class=\"_ _1\"></span>es ne sont port\u00e9es \u00e0 l'actif que lorsqu\u2019elles augment<span class=\"_ _1\"></span>ent les avantages \u00e9c<span class=\"_ _1\"></span>onomiques futurs de<span class=\"_ _8\"></span> l'actif auquel elles se rapport<span class=\"_ _1\"></span>ent. T<span class=\"_ _0\"></span>outes les autres d\u00e9penses, y c<span class=\"_ _1\"></span>ompris celles li\u00e9es \u00e0 un goodwill ou des marques g\u00e9n\u00e9r\u00e9es en interne, sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat lorsqu'elles sont engag\u00e9es.<span class=\"_ _8\"></span> C. Amortissement et dur\u00e9e d\u2019utilit\u00e9L'amortissement est calcul\u00e9 pour amortir le c<span class=\"_ _1\"></span>o\u00fbt des immobilisations incorporelles moins leurs v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles<span class=\"_ _8\"></span> estim\u00e9es selon la m\u00e9thode lin\u00e9air<span class=\"_ _1\"></span>e sur leur dur\u00e9e de vie utile estim\u00e9e, et est comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Le goodwill et les autr<span class=\"_ _1\"></span>es immobilisations incorporelles a<span class=\"_ _1\"></span>yant des dur\u00e9es de vie ind\u00e9termin\u00e9es ne sont pas amortis. Les dur\u00e9es d'utilit\u00e9 estim\u00e9es pour la p\u00e9riode actuelle et les p\u00e9riodes de r\u00e9f\u00e9r<span class=\"_ _1\"></span>ence sont les suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span>  Marques c<span class=\"_ _1\"></span>ommerciales et licences <span class=\"_ _79\"> </span>10 \u00e0 15 ans  Logiciels <span class=\"_ _7a\"> </span>3 \u00e0 10 ans Les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e ne sont pas amorties, mais font l\u2019<span class=\"_ _1\"></span>objet d\u2019un tes<span class=\"_ _1\"></span>t de<span class=\"_ _8\"></span> d\u00e9pr\u00e9ciation annuel. Les m\u00e9thodes d'amortissement, dur\u00e9es de vie et v<span class=\"_ _1\"></span>aleurs r\u00e9siduelles sont re<span class=\"_ _1\"></span>vues \u00e0 chaque date de cl\u00f4ture et ajus<span class=\"_ _1\"></span>t\u00e9es<span class=\"_ _8\"></span> si n\u00e9cessair<span class=\"_ _1\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-81-5": {
   "value": "Recherche et d\u00e9veloppemen<span class=\"_ _1\"></span>t<span class=\"ff19\"> : les d\u00e9penses relativ<span class=\"_ _1\"></span>es aux activit\u00e9s de recherche sont c<span class=\"_ _1\"></span>omptabilis\u00e9es en r\u00e9sultat<span class=\"_ _8\"></span> </span>lorsqu\u2018elles sont engag\u00e9es. Les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement ne sont inscrits \u00e0 l\u2019<span class=\"_ _1\"></span>actif que si la d\u00e9pense peut \u00eatre \u00e9valu\u00e9e de mani\u00e8r<span class=\"_ _1\"></span>e fiable, le produit ou le pr<span class=\"_ _1\"></span>ocessus est t<span class=\"_ _1\"></span>echniquement et commercialement viable<span class=\"_ _1\"></span>, les b\u00e9n\u00e9fices \u00e9conomiques futurs sont pr<span class=\"_ _1\"></span>obables et que Cenergy Holdings a l'int<span class=\"_ _1\"></span>ention et dispose de ressour<span class=\"_ _1\"></span>ces suffisantes pour achev<span class=\"_ _1\"></span>er le d\u00e9veloppement, et utiliser ou v<span class=\"_ _1\"></span>endre l'actif<span class=\"_ _1\"></span>. Dans le cas contr<span class=\"_ _1\"></span>aire, ils sont c<span class=\"_ _1\"></span>omptabilis\u00e9s en r\u00e9sultat<span class=\"_ _8\"></span> lorsqu'ils sont engag\u00e9s. Apr\u00e8s leur comptabilisation initiale, les fr<span class=\"_ _1\"></span>ais de d\u00e9veloppement sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt d'acquisition diminu\u00e9 du cumul des amortissements et des r\u00e9ductions de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-84-4": {
   "value": "5.<span class=\"_ _1\"></span>11 Biens immobiliers de placements Les biens immobiliers de placements, y c<span class=\"_ _1\"></span>ompris les terrains, sont d\u00e9t<span class=\"_ _1\"></span>enus par Cenergy Holdings pour la per<span class=\"_ _1\"></span>ception de loy<span class=\"_ _1\"></span>ers ou la r\u00e9alisation de plus-v<span class=\"_ _1\"></span>alues et ne sont pas utilis\u00e9s par le propri\u00e9tair<span class=\"_ _1\"></span>e. Les biens immobiliers de placements sont comptabilis\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt historique, d\u00e9duction f<span class=\"_ _1\"></span>aite de l'amortissement. Lorsque les v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables des biens immobiliers de placements e<span class=\"_ _1\"></span>xc\u00e8dent leur v<span class=\"_ _1\"></span>aleur rec<span class=\"_ _1\"></span>ouvrable, la diff\u00e9r<span class=\"_ _1\"></span>ence (d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion)<span class=\"_ _8\"></span> est dir<span class=\"_ _1\"></span>ectement comptabilis\u00e9e en r\u00e9sultat comme une char<span class=\"_ _1\"></span>ge. Les r<span class=\"_ _1\"></span>eprises de perte de valeur d\u00e9j\u00e0 c<span class=\"_ _1\"></span>onstat\u00e9es sont<span class=\"_ _8\"></span> \u00e9galement comptabilis\u00e9es en r\u00e9sultat c<span class=\"_ _1\"></span>omme un produit. Les terr<span class=\"_ _1\"></span>ains ne sont pas amortis. Les immeubles sont amortis selon la m\u00e9thode lin\u00e9aire<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-86-3": {
   "value": "5.<span class=\"_ _1\"></span>12 T<span class=\"_ _1\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie<span class=\"_ _8\"></span> Aux fins de la pr\u00e9sentation dans l'\u00e9tat des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie, la tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie compr<span class=\"_ _1\"></span>ennent les liquidit\u00e9s et les d\u00e9p\u00f4ts bancaires \u00e0 vue. Les d\u00e9p\u00f4ts bancair<span class=\"_ _1\"></span>es \u00e0 court terme ont une dur\u00e9e inf\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 90 jours et sont disponibles.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-87-4": {
   "value": "5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> B. Actifs non financiers \u00c0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e, Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s examinent les v<span class=\"_ _1\"></span>aleurs comptables de leurs actifs non financiers (autres que les s<span class=\"_ _1\"></span>tocks et les passifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s), afin de d\u00e9t<span class=\"_ _1\"></span>erminer toute indication de d\u00e9pr\u00e9ciation. Dans l\u2019\u00e9ventualit\u00e9 de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xistence d\u2019une t<span class=\"_ _1\"></span>elle indication, le montant recouvr<span class=\"_ _1\"></span>able de l\u2019actif ser<span class=\"_ _1\"></span>a estim\u00e9. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.Pour les autr<span class=\"_ _1\"></span>es actifs, la valeur c<span class=\"_ _1\"></span>omptable augment\u00e9e en raison de la r<span class=\"_ _1\"></span>eprise d\u2019une r\u00e9duction de valeur ne doit pas \u00eatre sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable qui aurait \u00e9t\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, nette des amortissements, si aucune r\u00e9duction de valeur n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait \u00e9t\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9e. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings incluent aussi, dans leur re<span class=\"_ _1\"></span>vue des montants recouvr<span class=\"_ _1\"></span>ables, des hypoth\u00e8ses li\u00e9es aux cons\u00e9quences du changement clima<span class=\"_ _1\"></span>tique.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-87-5": {
   "value": "5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> B. Classification et \u00e9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure Actifs financiers Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span> La classification des actifs financiers n\u2019<span class=\"_ _1\"></span>est pas modifi\u00e9e apr\u00e8s leur comptabilisa<span class=\"_ _1\"></span>tion initiale sauf si Cenergy Holdings change son mod\u00e8le \u00e9conomique conc<span class=\"_ _1\"></span>ernant la gestion des actifs financiers, auquel cas l\u2019<span class=\"_ _1\"></span>ensemble des actifs<span class=\"_ _8\"></span> financiers concern\u00e9s es<span class=\"_ _1\"></span>t retr<span class=\"_ _1\"></span>ait\u00e9 au premier jour de la premi\u00e8r<span class=\"_ _1\"></span>e p\u00e9riode comptable suiv<span class=\"_ _1\"></span>ant le changement de<span class=\"_ _8\"></span> mod\u00e8le \u00e9conomique. Un actif financier est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti s\u2019il remplit les deux c<span class=\"_ _1\"></span>onditions suivantes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la just<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il r<span class=\"_ _1\"></span>el\u00e8ve d\u2019un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l\u2019objectif es<span class=\"_ _1\"></span>t de d\u00e9tenir des actifs pour en collecter les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>actuels ; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles pr\u00e9v<span class=\"_ _1\"></span>oient, \u00e0 des dates sp\u00e9cifi\u00e9es, des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie uniquement constitu\u00e9s de paiements de principal et d\u2019int\u00e9r\u00eats sur le montant principal res<span class=\"_ _1\"></span>tant d\u00fb.<span class=\"_ _8\"></span> Un instrument de dette es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 en just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global s\u2019il r<span class=\"_ _1\"></span>emplit les deux conditions suiv<span class=\"_ _1\"></span>antes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il es<span class=\"_ _1\"></span>t d\u00e9tenu dans le cadre d'un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l'objectif est atteint \u00e0 la fois par la c<span class=\"_ _1\"></span>ollecte de flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels et la v<span class=\"_ _1\"></span>ente d'actifs financiers; et \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles donnent lieu \u00e0 des dat<span class=\"_ _1\"></span>es sp\u00e9cifi\u00e9es \u00e0 des flux de tr\u00e9sorerie qui sont uniquement constitu\u00e9s de paiements du principal et d'int\u00e9r\u00eats sur le montant principal r<span class=\"_ _1\"></span>estant d\u00fb. Lors de la comptabilisation initiale d'un titr<span class=\"_ _1\"></span>e de capitaux propr<span class=\"_ _1\"></span>es qui n'est pas d\u00e9tenu \u00e0 des fins de tr<span class=\"_ _1\"></span>ansaction,<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings peut irr\u00e9vocablement choisir de pr\u00e9senter les v<span class=\"_ _1\"></span>ariations ult\u00e9rieures de la just<span class=\"_ _1\"></span>e valeur du titr<span class=\"_ _1\"></span>e dans<span class=\"_ _8\"></span> les autres \u00e9l\u00e9ments du r\u00e9sultat global. C<span class=\"_ _1\"></span>e choix est effectu\u00e9 inv<span class=\"_ _1\"></span>estissement-par-in<span class=\"_ _1\"></span>vestissement. T<span class=\"_ _0\"></span>ous les actifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus aux fins de couvertur<span class=\"_ _1\"></span>e) qui ne sont pas class\u00e9s c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti ou selon la m\u00e9thode ci-dessus sont \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat. Lors de la comptabilisa<span class=\"_ _1\"></span>tion initiale, Cenergy Holdings peut irr\u00e9v<span class=\"_ _1\"></span>ocablement d\u00e9signer un actif financier \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat alors qu\u2019il r\u00e9pond aux crit\u00e8r<span class=\"_ _1\"></span>es pour \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti ou \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global d\u00e8s lors que c<span class=\"_ _1\"></span>e traitement \u00e9limine ou r\u00e9duit significativ<span class=\"_ _1\"></span>ement une non-concor<span class=\"_ _1\"></span>dance comptable qui sinon surviendrait. Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation du mod\u00e8le \u00e9conomique Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value l\u2019<span class=\"_ _1\"></span>objectif du mod\u00e8le \u00e9conomique dont rel\u00e8v<span class=\"_ _1\"></span>e un actif financier au niv<span class=\"_ _1\"></span>eau d\u2019un portefeuille, car c\u2019es<span class=\"_ _1\"></span>t l\u00e0 le meilleur reflet de la gestion de l\u2019<span class=\"_ _1\"></span>entreprise et du mode de pr\u00e9senta<span class=\"_ _1\"></span>tion des informations \u00e0 la Direction. Les transf<span class=\"_ _1\"></span>erts d\u2019actifs financiers \u00e0 des tiers dans des transactions qui ne donnent pas lieu \u00e0 d\u00e9c<span class=\"_ _1\"></span>omptabilisation ne sont pas<span class=\"_ _8\"></span> consid\u00e9r\u00e9s comme une v<span class=\"_ _1\"></span>ente \u00e0 c<span class=\"_ _1\"></span>ette fin, conform\u00e9ment \u00e0 la r<span class=\"_ _1\"></span>econnaissance c<span class=\"_ _1\"></span>ontinue des actifs par le Groupe. Actifs financiers- D\u00e9t<span class=\"_ _1\"></span>erminer si les flux de tr\u00e9sorerie contractuels sont uniquement des r<span class=\"_ _1\"></span>emboursements de principal et<span class=\"_ _8\"></span> des versements d\u2019int\u00e9r\u00eats: Aux fins de la pr\u00e9sente \u00e9v<span class=\"_ _1\"></span>aluation, le \u00ab principal \u00bb est d\u00e9fini comme la jus<span class=\"_ _1\"></span>te valeur de l'actif financier lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es \u00ab int\u00e9r\u00eats \u00bb sont d\u00e9finis comme une contr<span class=\"_ _1\"></span>epartie de la valeur temps de l'ar<span class=\"_ _1\"></span>gent et du<span class=\"_ _8\"></span> risque de cr\u00e9dit associ\u00e9 au principal r<span class=\"_ _1\"></span>estant d\u00fb pendant une p\u00e9riode donn\u00e9e, ainsi qu'\u00e0 d'autres risques et c<span class=\"_ _1\"></span>o\u00fbts de<span class=\"_ _8\"></span> pr\u00eat de base (tels que le risque de liquidit\u00e9 et les fr<span class=\"_ _1\"></span>ais administratifs<span class=\"_ _1\"></span>), tout en ajoutant une marge b\u00e9n\u00e9ficiair<span class=\"_ _1\"></span>e. Pour d\u00e9terminer si les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contractuels sont uniquement des paiements de capital et d'int\u00e9r\u00eats, C<span class=\"_ _1\"></span>energy Holdings tient compte des modalit\u00e9s c<span class=\"_ _1\"></span>ontractuelles de l'instrument. C<span class=\"_ _1\"></span>ela inclut d\u2019\u00e9valuer si l\u2019actif financier c<span class=\"_ _1\"></span>ontient<span class=\"_ _8\"></span> une dur\u00e9e contr<span class=\"_ _1\"></span>actuelle susceptible de modifier le calendrier ou le montant des flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels de telle sorte qu\u2019il ne r<span class=\"_ _1\"></span>emplisse pas cett<span class=\"_ _1\"></span>e condition. Dans le cadre de c<span class=\"_ _1\"></span>ette \u00e9valua<span class=\"_ _1\"></span>tion, Cenergy Holdings consid\u00e8r<span class=\"_ _1\"></span>e :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les \u00e9v\u00e9nements c<span class=\"_ _1\"></span>ontingents susceptibles de modifier le montant ou le calendrier des flux de tr\u00e9sorerie; \u2022 <span class=\"_ _20\"> </span>les conditions susc<span class=\"_ _1\"></span>eptibles d\u2019ajuster le taux du c<span class=\"_ _1\"></span>oupon contractuel, y c<span class=\"_ _1\"></span>ompris les caract\u00e9ristiques de taux v<span class=\"_ _1\"></span>ariable ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les car<span class=\"_ _1\"></span>act\u00e9ristiques de paiement anticip\u00e9 et de prolonga<span class=\"_ _1\"></span>tion; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les c<span class=\"_ _1\"></span>onditions qui limitent le droit \u00e0 se pr\u00e9v<span class=\"_ _1\"></span>aloir des flux de tr\u00e9sorerie sur c<span class=\"_ _1\"></span>ertains actifs (par ex<span class=\"_ _1\"></span>emple, absence de rec<span class=\"_ _1\"></span>ours possible). Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure et comp<span class=\"_ _1\"></span>tabilisation des gains et des pertes  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat. Actifs financiers au c<span class=\"_ _1\"></span>o\u00fbt amorti  <span class=\"_ _7d\"> </span> <span class=\"_ _38\"></span>Ces actifs sont ult\u00e9rieurement \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le co\u00fbt amorti est minor\u00e9 des pert<span class=\"_ _1\"></span>es de d\u00e9pr\u00e9ciation. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats, les gains et pertes de change et les d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _0\"></span>out gain ou perte sur une d\u00e9comptabilisation es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat. Instruments de dettes \u00e0 la just<span class=\"_ _1\"></span>e  <span class=\"_ _7e\"> </span> valeur par le biais des autr<span class=\"_ _1\"></span>es  <span class=\"_ _44\"> </span> \u00e9l\u00e9ments du r\u00e9sultat global  <span class=\"_ _7f\"> </span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats,  calcul\u00e9s selon la m\u00e9thode du taux d\u2019int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>, les gains et pertes de change et les <span class=\"_ _7b\"></span>  <span class=\"_ _38\"></span><span class=\"ff19\">d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. Les autres gains et pert<span class=\"_ _1\"></span>es nets </span>sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global. Lors de la d\u00e9comptabilisation, les gains et pertes cumul\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global sont retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Inv<span class=\"_ _1\"></span>estissements en capitaux  <span class=\"_ _34\"> </span> propres \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le  <span class=\"_ _80\"> </span> biais des autres \u00e9l\u00e9ments du   <span class=\"_ _55\"> </span> r\u00e9sultat global <span class=\"_ _81\"> </span> <span class=\"_ _7c\"> </span>Ces actifs sont ult\u00e9rieur<span class=\"_ _1\"></span>ement \u00e9valu\u00e9s \u00e0 leur just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. Les dividendes sont <span class=\"ff19\">comptabilis\u00e9s en pr<span class=\"_ _1\"></span>oduits au compte de r\u00e9sultat sauf si le dividende repr\u00e9sent<span class=\"_ _1\"></span>e </span><span class=\"ff19\">clairement une r<span class=\"_ _1\"></span>eprise d\u2019une partie du co\u00fbt de l\u2019inv<span class=\"_ _1\"></span>estissement. Les autres gains et </span><span class=\"ff19\">pertes nets sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et ne sont</span>jamais retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-87-6": {
   "value": "5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation initiale<span class=\"_ _8\"></span> Les cr\u00e9ances clients sont initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es \u00e0 leur valeur d\u2019<span class=\"_ _1\"></span>origine. T<span class=\"_ _0\"></span>ous les autr<span class=\"_ _1\"></span>es actifs et passifs<span class=\"_ _8\"></span> financiers sont initialement comptabilis\u00e9s lorsque Cener<span class=\"_ _1\"></span>gy Holdings devient partie aux dispositions c<span class=\"_ _1\"></span>ontractuelles de l'instrument. Un actif financier (sauf s'il s'agit d'une cr\u00e9ance client sans c<span class=\"_ _1\"></span>omposante financi\u00e8re important<span class=\"_ _1\"></span>e qui est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction) est initialement \u00e9valu\u00e9 \u00e0 la jus<span class=\"_ _1\"></span>te valeur plus, pour un \u00e9l\u00e9ment non c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0<span class=\"_ _8\"></span> la juste v<span class=\"_ _1\"></span>aleur par le biais du r\u00e9sultat net, les co\u00fbts de tr<span class=\"_ _1\"></span>ansaction directement attribuables \u00e0 son ac<span class=\"_ _1\"></span>quisition. Une<span class=\"_ _8\"></span> cr\u00e9ance client sans \u00e9l\u00e9ment de financement significa<span class=\"_ _1\"></span>tif est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-87-7": {
   "value": "5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.<span class=\"_ _1\"></span>15 Instruments financiers A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation initiale<span class=\"_ _8\"></span> Les cr\u00e9ances clients sont initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es \u00e0 leur valeur d\u2019<span class=\"_ _1\"></span>origine. T<span class=\"_ _0\"></span>ous les autr<span class=\"_ _1\"></span>es actifs et passifs<span class=\"_ _8\"></span> financiers sont initialement comptabilis\u00e9s lorsque Cener<span class=\"_ _1\"></span>gy Holdings devient partie aux dispositions c<span class=\"_ _1\"></span>ontractuelles de l'instrument. Un actif financier (sauf s'il s'agit d'une cr\u00e9ance client sans c<span class=\"_ _1\"></span>omposante financi\u00e8re important<span class=\"_ _1\"></span>e qui est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction) est initialement \u00e9valu\u00e9 \u00e0 la jus<span class=\"_ _1\"></span>te valeur plus, pour un \u00e9l\u00e9ment non c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0<span class=\"_ _8\"></span> la juste v<span class=\"_ _1\"></span>aleur par le biais du r\u00e9sultat net, les co\u00fbts de tr<span class=\"_ _1\"></span>ansaction directement attribuables \u00e0 son ac<span class=\"_ _1\"></span>quisition. Une<span class=\"_ _8\"></span> cr\u00e9ance client sans \u00e9l\u00e9ment de financement significa<span class=\"_ _1\"></span>tif est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> B. Classification et \u00e9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure Actifs financiers Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span> La classification des actifs financiers n\u2019<span class=\"_ _1\"></span>est pas modifi\u00e9e apr\u00e8s leur comptabilisa<span class=\"_ _1\"></span>tion initiale sauf si Cenergy Holdings change son mod\u00e8le \u00e9conomique conc<span class=\"_ _1\"></span>ernant la gestion des actifs financiers, auquel cas l\u2019<span class=\"_ _1\"></span>ensemble des actifs<span class=\"_ _8\"></span> financiers concern\u00e9s es<span class=\"_ _1\"></span>t retr<span class=\"_ _1\"></span>ait\u00e9 au premier jour de la premi\u00e8r<span class=\"_ _1\"></span>e p\u00e9riode comptable suiv<span class=\"_ _1\"></span>ant le changement de<span class=\"_ _8\"></span> mod\u00e8le \u00e9conomique. Un actif financier est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti s\u2019il remplit les deux c<span class=\"_ _1\"></span>onditions suivantes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la just<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il r<span class=\"_ _1\"></span>el\u00e8ve d\u2019un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l\u2019objectif es<span class=\"_ _1\"></span>t de d\u00e9tenir des actifs pour en collecter les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>actuels ; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles pr\u00e9v<span class=\"_ _1\"></span>oient, \u00e0 des dates sp\u00e9cifi\u00e9es, des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie uniquement constitu\u00e9s de paiements de principal et d\u2019int\u00e9r\u00eats sur le montant principal res<span class=\"_ _1\"></span>tant d\u00fb.<span class=\"_ _8\"></span> Un instrument de dette es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 en just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global s\u2019il r<span class=\"_ _1\"></span>emplit les deux conditions suiv<span class=\"_ _1\"></span>antes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il es<span class=\"_ _1\"></span>t d\u00e9tenu dans le cadre d'un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l'objectif est atteint \u00e0 la fois par la c<span class=\"_ _1\"></span>ollecte de flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels et la v<span class=\"_ _1\"></span>ente d'actifs financiers; et \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles donnent lieu \u00e0 des dat<span class=\"_ _1\"></span>es sp\u00e9cifi\u00e9es \u00e0 des flux de tr\u00e9sorerie qui sont uniquement constitu\u00e9s de paiements du principal et d'int\u00e9r\u00eats sur le montant principal r<span class=\"_ _1\"></span>estant d\u00fb. Lors de la comptabilisation initiale d'un titr<span class=\"_ _1\"></span>e de capitaux propr<span class=\"_ _1\"></span>es qui n'est pas d\u00e9tenu \u00e0 des fins de tr<span class=\"_ _1\"></span>ansaction,<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings peut irr\u00e9vocablement choisir de pr\u00e9senter les v<span class=\"_ _1\"></span>ariations ult\u00e9rieures de la just<span class=\"_ _1\"></span>e valeur du titr<span class=\"_ _1\"></span>e dans<span class=\"_ _8\"></span> les autres \u00e9l\u00e9ments du r\u00e9sultat global. C<span class=\"_ _1\"></span>e choix est effectu\u00e9 inv<span class=\"_ _1\"></span>estissement-par-in<span class=\"_ _1\"></span>vestissement. T<span class=\"_ _0\"></span>ous les actifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus aux fins de couvertur<span class=\"_ _1\"></span>e) qui ne sont pas class\u00e9s c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti ou selon la m\u00e9thode ci-dessus sont \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat. Lors de la comptabilisa<span class=\"_ _1\"></span>tion initiale, Cenergy Holdings peut irr\u00e9v<span class=\"_ _1\"></span>ocablement d\u00e9signer un actif financier \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat alors qu\u2019il r\u00e9pond aux crit\u00e8r<span class=\"_ _1\"></span>es pour \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti ou \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global d\u00e8s lors que c<span class=\"_ _1\"></span>e traitement \u00e9limine ou r\u00e9duit significativ<span class=\"_ _1\"></span>ement une non-concor<span class=\"_ _1\"></span>dance comptable qui sinon surviendrait. Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation du mod\u00e8le \u00e9conomique Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value l\u2019<span class=\"_ _1\"></span>objectif du mod\u00e8le \u00e9conomique dont rel\u00e8v<span class=\"_ _1\"></span>e un actif financier au niv<span class=\"_ _1\"></span>eau d\u2019un portefeuille, car c\u2019es<span class=\"_ _1\"></span>t l\u00e0 le meilleur reflet de la gestion de l\u2019<span class=\"_ _1\"></span>entreprise et du mode de pr\u00e9senta<span class=\"_ _1\"></span>tion des informations \u00e0 la Direction. Les transf<span class=\"_ _1\"></span>erts d\u2019actifs financiers \u00e0 des tiers dans des transactions qui ne donnent pas lieu \u00e0 d\u00e9c<span class=\"_ _1\"></span>omptabilisation ne sont pas<span class=\"_ _8\"></span> consid\u00e9r\u00e9s comme une v<span class=\"_ _1\"></span>ente \u00e0 c<span class=\"_ _1\"></span>ette fin, conform\u00e9ment \u00e0 la r<span class=\"_ _1\"></span>econnaissance c<span class=\"_ _1\"></span>ontinue des actifs par le Groupe. Actifs financiers- D\u00e9t<span class=\"_ _1\"></span>erminer si les flux de tr\u00e9sorerie contractuels sont uniquement des r<span class=\"_ _1\"></span>emboursements de principal et<span class=\"_ _8\"></span> des versements d\u2019int\u00e9r\u00eats: Aux fins de la pr\u00e9sente \u00e9v<span class=\"_ _1\"></span>aluation, le \u00ab principal \u00bb est d\u00e9fini comme la jus<span class=\"_ _1\"></span>te valeur de l'actif financier lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es \u00ab int\u00e9r\u00eats \u00bb sont d\u00e9finis comme une contr<span class=\"_ _1\"></span>epartie de la valeur temps de l'ar<span class=\"_ _1\"></span>gent et du<span class=\"_ _8\"></span> risque de cr\u00e9dit associ\u00e9 au principal r<span class=\"_ _1\"></span>estant d\u00fb pendant une p\u00e9riode donn\u00e9e, ainsi qu'\u00e0 d'autres risques et c<span class=\"_ _1\"></span>o\u00fbts de<span class=\"_ _8\"></span> pr\u00eat de base (tels que le risque de liquidit\u00e9 et les fr<span class=\"_ _1\"></span>ais administratifs<span class=\"_ _1\"></span>), tout en ajoutant une marge b\u00e9n\u00e9ficiair<span class=\"_ _1\"></span>e. Pour d\u00e9terminer si les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contractuels sont uniquement des paiements de capital et d'int\u00e9r\u00eats, C<span class=\"_ _1\"></span>energy Holdings tient compte des modalit\u00e9s c<span class=\"_ _1\"></span>ontractuelles de l'instrument. C<span class=\"_ _1\"></span>ela inclut d\u2019\u00e9valuer si l\u2019actif financier c<span class=\"_ _1\"></span>ontient<span class=\"_ _8\"></span> une dur\u00e9e contr<span class=\"_ _1\"></span>actuelle susceptible de modifier le calendrier ou le montant des flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels de telle sorte qu\u2019il ne r<span class=\"_ _1\"></span>emplisse pas cett<span class=\"_ _1\"></span>e condition. Dans le cadre de c<span class=\"_ _1\"></span>ette \u00e9valua<span class=\"_ _1\"></span>tion, Cenergy Holdings consid\u00e8r<span class=\"_ _1\"></span>e :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les \u00e9v\u00e9nements c<span class=\"_ _1\"></span>ontingents susceptibles de modifier le montant ou le calendrier des flux de tr\u00e9sorerie; \u2022 <span class=\"_ _20\"> </span>les conditions susc<span class=\"_ _1\"></span>eptibles d\u2019ajuster le taux du c<span class=\"_ _1\"></span>oupon contractuel, y c<span class=\"_ _1\"></span>ompris les caract\u00e9ristiques de taux v<span class=\"_ _1\"></span>ariable ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les car<span class=\"_ _1\"></span>act\u00e9ristiques de paiement anticip\u00e9 et de prolonga<span class=\"_ _1\"></span>tion; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les c<span class=\"_ _1\"></span>onditions qui limitent le droit \u00e0 se pr\u00e9v<span class=\"_ _1\"></span>aloir des flux de tr\u00e9sorerie sur c<span class=\"_ _1\"></span>ertains actifs (par ex<span class=\"_ _1\"></span>emple, absence de rec<span class=\"_ _1\"></span>ours possible). Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure et comp<span class=\"_ _1\"></span>tabilisation des gains et des pertes  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat. Actifs financiers au c<span class=\"_ _1\"></span>o\u00fbt amorti  <span class=\"_ _7d\"> </span> <span class=\"_ _38\"></span>Ces actifs sont ult\u00e9rieurement \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le co\u00fbt amorti est minor\u00e9 des pert<span class=\"_ _1\"></span>es de d\u00e9pr\u00e9ciation. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats, les gains et pertes de change et les d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _0\"></span>out gain ou perte sur une d\u00e9comptabilisation es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat. Instruments de dettes \u00e0 la just<span class=\"_ _1\"></span>e  <span class=\"_ _7e\"> </span> valeur par le biais des autr<span class=\"_ _1\"></span>es  <span class=\"_ _44\"> </span> \u00e9l\u00e9ments du r\u00e9sultat global  <span class=\"_ _7f\"> </span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats,  calcul\u00e9s selon la m\u00e9thode du taux d\u2019int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>, les gains et pertes de change et les <span class=\"_ _7b\"></span>  <span class=\"_ _38\"></span><span class=\"ff19\">d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. Les autres gains et pert<span class=\"_ _1\"></span>es nets </span>sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global. Lors de la d\u00e9comptabilisation, les gains et pertes cumul\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global sont retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Inv<span class=\"_ _1\"></span>estissements en capitaux  <span class=\"_ _34\"> </span> propres \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le  <span class=\"_ _80\"> </span> biais des autres \u00e9l\u00e9ments du   <span class=\"_ _55\"> </span> r\u00e9sultat global <span class=\"_ _81\"> </span> <span class=\"_ _7c\"> </span>Ces actifs sont ult\u00e9rieur<span class=\"_ _1\"></span>ement \u00e9valu\u00e9s \u00e0 leur just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. Les dividendes sont <span class=\"ff19\">comptabilis\u00e9s en pr<span class=\"_ _1\"></span>oduits au compte de r\u00e9sultat sauf si le dividende repr\u00e9sent<span class=\"_ _1\"></span>e </span><span class=\"ff19\">clairement une r<span class=\"_ _1\"></span>eprise d\u2019une partie du co\u00fbt de l\u2019inv<span class=\"_ _1\"></span>estissement. Les autres gains et </span><span class=\"ff19\">pertes nets sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et ne sont</span>jamais retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C. D\u00e9comptabilisation Actifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un actif financier quand :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les dr<span class=\"_ _1\"></span>oits contr<span class=\"_ _1\"></span>actuels sur les flux de tr\u00e9sorerie de l'actif financier expir<span class=\"_ _1\"></span>ent; ou \u2022 <span class=\"_ _20\"> </span>il tr<span class=\"_ _1\"></span>ansf\u00e8re les dr<span class=\"_ _1\"></span>oits de rece<span class=\"_ _1\"></span>voir les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contr<span class=\"_ _1\"></span>actuels dans une transaction : - <span class=\"_ _6a\"> </span>dans laquelle la quasi-totalit\u00e9 des risques et a<span class=\"_ _1\"></span>vantages de la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l'actif financier est transf\u00e9r\u00e9e ; ou - <span class=\"_ _6a\"> </span>dans lequel Cener<span class=\"_ _1\"></span>gy Holdings ne transf\u00e8r<span class=\"_ _1\"></span>e ni ne conserve la quasi-t<span class=\"_ _1\"></span>otalit\u00e9 des risques et des avantages de la propri\u00e9t\u00e9 et ne c<span class=\"_ _1\"></span>onserve pas le contr\u00f4le de l'actif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings conclut des transactions dans lesquelles elle tr<span class=\"_ _1\"></span>ansf\u00e8re des actifs comptabilis\u00e9s dans son \u00e9tat de situation financi\u00e8re<span class=\"_ _1\"></span>, mais conserve t<span class=\"_ _1\"></span>out ou une part substantielle de l\u2019<span class=\"_ _1\"></span>ensemble des risques et avantages sur les actifs transf\u00e9r\u00e9s. Dans c<span class=\"_ _1\"></span>e cas, les actifs transf\u00e9r\u00e9s ne sont pas d\u00e9comptabilis\u00e9s. Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-87-8": {
   "value": "5.<span class=\"_ _1\"></span>13 D\u00e9pr\u00e9ciation A. Actifs financiers non d\u00e9riv\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings comptabilise des pro<span class=\"_ _1\"></span>visions pour pertes de cr\u00e9dit attendues sur : \u2022 <span class=\"_ _20\"> </span>les actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti ; et \u2022 <span class=\"_ _20\"> </span>les actifs sur c<span class=\"_ _1\"></span>ontrats. Les pr<span class=\"_ _1\"></span>ovisions pour pertes sur les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrat sont t<span class=\"_ _1\"></span>oujours \u00e9valu\u00e9es \u00e0 un montant \u00e9gal aux pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie. Les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur la dur\u00e9e de vie sont les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues qui r\u00e9sultent de tous les \u00e9v\u00e9nements de d\u00e9faut pos<span class=\"_ _1\"></span>sibles sur la dur\u00e9e de vie pr\u00e9vue des<span class=\"_ _8\"></span> cr\u00e9ances clients et des actifs contr<span class=\"_ _1\"></span>actuels. Cener<span class=\"_ _1\"></span>gy Holdings consid\u00e8re qu'un actif financier est en d\u00e9f<span class=\"_ _1\"></span>aut lorsque l'emprunteur est peu susceptible de pa<span class=\"_ _1\"></span>yer ses obligations de cr\u00e9dit en totalit\u00e9, sans r<span class=\"_ _1\"></span>ecours par les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings \u00e0 des actions telles que la r\u00e9alisation d\u2019un titre de s\u00fbr<span class=\"_ _1\"></span>et\u00e9 (le cas \u00e9ch\u00e9ant). La p\u00e9riode maximale prise en compte lors de l'es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit attendues es<span class=\"_ _1\"></span>t la p\u00e9riode contractuelle maximale au cours de laquelle les soci\u00e9t\u00e9s Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es au risque de cr\u00e9dit. \u00c9valua<span class=\"_ _1\"></span>tion des pertes de cr\u00e9dit attendues Les pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues sont estim\u00e9es sur la base d\u2019un taux de perte de cr\u00e9dit mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9. Les pert<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> de cr\u00e9dit sont mesur\u00e9es \u00e0 la valeur actuelle de t<span class=\"_ _1\"></span>ous les d\u00e9ficits de tr\u00e9sorerie (<span class=\"_ _1\"></span>c'est-\u00e0-dire la diff\u00e9r<span class=\"_ _1\"></span>ence entre les flux de tr\u00e9sorerie dus \u00e0 l'entit\u00e9 c<span class=\"_ _1\"></span>onform\u00e9ment au contr<span class=\"_ _1\"></span>at et les flux de tr\u00e9sorerie que le Gr<span class=\"_ _1\"></span>oupe s'attend \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir). Les<span class=\"_ _8\"></span> pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sont actualis\u00e9es au taux d'int\u00e9r\u00eat effectif de l'actif financier<span class=\"_ _1\"></span>. Pr\u00e9sentation de la pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit at<span class=\"_ _1\"></span>tendues dans l'\u00e9tat de la situation financi\u00e8re Les pr<span class=\"_ _1\"></span>ovisions pour pertes de v<span class=\"_ _1\"></span>aleur au titre des actifs financiers \u00e9v<span class=\"_ _1\"></span>alu\u00e9s au co\u00fbt amorti sont d\u00e9duites de la v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> comptable brute des actifs. Les pertes de v<span class=\"_ _1\"></span>aleur li\u00e9es aux cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs, y compris les actifs sur contr<span class=\"_ _1\"></span>at, sont pr\u00e9sent\u00e9es<span class=\"_ _8\"></span> s\u00e9par\u00e9ment dans le compte de r\u00e9sulta<span class=\"_ _1\"></span>t et dans les autres \u00e9l\u00e9ments du r\u00e9sultat global. Perte de v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable brute d'un actif financier est r\u00e9duite lorsque C<span class=\"_ _1\"></span>energy Holdings ne peut raisonnablement esp\u00e9rer r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er un actif financier en totalit\u00e9 ou en partie. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings \u00e9valuent individuellement le moment et le montant de la perte de v<span class=\"_ _1\"></span>aleur pour d\u00e9terminer s\u2019il exis<span class=\"_ _1\"></span>te une attent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> raisonnable de r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>ement. Cenergy Holdings ne s'att<span class=\"_ _1\"></span>end \u00e0 aucun recouvr<span class=\"_ _1\"></span>ement significatif du montant sorti<span class=\"_ _8\"></span> du bilan. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, les actifs financiers qui ont \u00e9t\u00e9 sortis du bilan pourraient toujours fair<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>objet de mesures de rec<span class=\"_ _1\"></span>ouvrement conf<span class=\"_ _1\"></span>orm\u00e9ment aux proc\u00e9dures du Gr<span class=\"_ _1\"></span>oupe en la mati\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> A. Comptabilisation et \u00e9v<span class=\"_ _1\"></span>aluation initiale<span class=\"_ _8\"></span> Les cr\u00e9ances clients sont initialement c<span class=\"_ _1\"></span>omptabilis\u00e9es \u00e0 leur valeur d\u2019<span class=\"_ _1\"></span>origine. T<span class=\"_ _0\"></span>ous les autr<span class=\"_ _1\"></span>es actifs et passifs<span class=\"_ _8\"></span> financiers sont initialement comptabilis\u00e9s lorsque Cener<span class=\"_ _1\"></span>gy Holdings devient partie aux dispositions c<span class=\"_ _1\"></span>ontractuelles de l'instrument. Un actif financier (sauf s'il s'agit d'une cr\u00e9ance client sans c<span class=\"_ _1\"></span>omposante financi\u00e8re important<span class=\"_ _1\"></span>e qui est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction) est initialement \u00e9valu\u00e9 \u00e0 la jus<span class=\"_ _1\"></span>te valeur plus, pour un \u00e9l\u00e9ment non c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0<span class=\"_ _8\"></span> la juste v<span class=\"_ _1\"></span>aleur par le biais du r\u00e9sultat net, les co\u00fbts de tr<span class=\"_ _1\"></span>ansaction directement attribuables \u00e0 son ac<span class=\"_ _1\"></span>quisition. Une<span class=\"_ _8\"></span> cr\u00e9ance client sans \u00e9l\u00e9ment de financement significa<span class=\"_ _1\"></span>tif est initialement \u00e9valu\u00e9e au prix de tr<span class=\"_ _1\"></span>ansaction.<span class=\"_ _8\"></span> B. Classification et \u00e9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure Actifs financiers Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span> La classification des actifs financiers n\u2019<span class=\"_ _1\"></span>est pas modifi\u00e9e apr\u00e8s leur comptabilisa<span class=\"_ _1\"></span>tion initiale sauf si Cenergy Holdings change son mod\u00e8le \u00e9conomique conc<span class=\"_ _1\"></span>ernant la gestion des actifs financiers, auquel cas l\u2019<span class=\"_ _1\"></span>ensemble des actifs<span class=\"_ _8\"></span> financiers concern\u00e9s es<span class=\"_ _1\"></span>t retr<span class=\"_ _1\"></span>ait\u00e9 au premier jour de la premi\u00e8r<span class=\"_ _1\"></span>e p\u00e9riode comptable suiv<span class=\"_ _1\"></span>ant le changement de<span class=\"_ _8\"></span> mod\u00e8le \u00e9conomique. Un actif financier est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti s\u2019il remplit les deux c<span class=\"_ _1\"></span>onditions suivantes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la just<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il r<span class=\"_ _1\"></span>el\u00e8ve d\u2019un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l\u2019objectif es<span class=\"_ _1\"></span>t de d\u00e9tenir des actifs pour en collecter les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>actuels ; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles pr\u00e9v<span class=\"_ _1\"></span>oient, \u00e0 des dates sp\u00e9cifi\u00e9es, des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie uniquement constitu\u00e9s de paiements de principal et d\u2019int\u00e9r\u00eats sur le montant principal res<span class=\"_ _1\"></span>tant d\u00fb.<span class=\"_ _8\"></span> Un instrument de dette es<span class=\"_ _1\"></span>t \u00e9valu\u00e9 en just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global s\u2019il r<span class=\"_ _1\"></span>emplit les deux conditions suiv<span class=\"_ _1\"></span>antes et s\u2019il n\u2019<span class=\"_ _1\"></span>est pas d\u00e9sign\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat : \u2022 <span class=\"_ _20\"> </span>il es<span class=\"_ _1\"></span>t d\u00e9tenu dans le cadre d'un mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique dont l'objectif est atteint \u00e0 la fois par la c<span class=\"_ _1\"></span>ollecte de flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels et la v<span class=\"_ _1\"></span>ente d'actifs financiers; et \u2022 <span class=\"_ _20\"> </span>ses c<span class=\"_ _1\"></span>onditions contractuelles donnent lieu \u00e0 des dat<span class=\"_ _1\"></span>es sp\u00e9cifi\u00e9es \u00e0 des flux de tr\u00e9sorerie qui sont uniquement constitu\u00e9s de paiements du principal et d'int\u00e9r\u00eats sur le montant principal r<span class=\"_ _1\"></span>estant d\u00fb. Lors de la comptabilisation initiale d'un titr<span class=\"_ _1\"></span>e de capitaux propr<span class=\"_ _1\"></span>es qui n'est pas d\u00e9tenu \u00e0 des fins de tr<span class=\"_ _1\"></span>ansaction,<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings peut irr\u00e9vocablement choisir de pr\u00e9senter les v<span class=\"_ _1\"></span>ariations ult\u00e9rieures de la just<span class=\"_ _1\"></span>e valeur du titr<span class=\"_ _1\"></span>e dans<span class=\"_ _8\"></span> les autres \u00e9l\u00e9ments du r\u00e9sultat global. C<span class=\"_ _1\"></span>e choix est effectu\u00e9 inv<span class=\"_ _1\"></span>estissement-par-in<span class=\"_ _1\"></span>vestissement. T<span class=\"_ _0\"></span>ous les actifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus aux fins de couvertur<span class=\"_ _1\"></span>e) qui ne sont pas class\u00e9s c<span class=\"_ _1\"></span>omme<span class=\"_ _8\"></span> \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti ou selon la m\u00e9thode ci-dessus sont \u00e9valu\u00e9s \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> r\u00e9sultat. Lors de la comptabilisa<span class=\"_ _1\"></span>tion initiale, Cenergy Holdings peut irr\u00e9v<span class=\"_ _1\"></span>ocablement d\u00e9signer un actif financier \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais du compte de r\u00e9sultat alors qu\u2019il r\u00e9pond aux crit\u00e8r<span class=\"_ _1\"></span>es pour \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt amorti ou \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global d\u00e8s lors que c<span class=\"_ _1\"></span>e traitement \u00e9limine ou r\u00e9duit significativ<span class=\"_ _1\"></span>ement une non-concor<span class=\"_ _1\"></span>dance comptable qui sinon surviendrait. Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation du mod\u00e8le \u00e9conomique Cener<span class=\"_ _1\"></span>gy Holdings \u00e9value l\u2019<span class=\"_ _1\"></span>objectif du mod\u00e8le \u00e9conomique dont rel\u00e8v<span class=\"_ _1\"></span>e un actif financier au niv<span class=\"_ _1\"></span>eau d\u2019un portefeuille, car c\u2019es<span class=\"_ _1\"></span>t l\u00e0 le meilleur reflet de la gestion de l\u2019<span class=\"_ _1\"></span>entreprise et du mode de pr\u00e9senta<span class=\"_ _1\"></span>tion des informations \u00e0 la Direction. Les transf<span class=\"_ _1\"></span>erts d\u2019actifs financiers \u00e0 des tiers dans des transactions qui ne donnent pas lieu \u00e0 d\u00e9c<span class=\"_ _1\"></span>omptabilisation ne sont pas<span class=\"_ _8\"></span> consid\u00e9r\u00e9s comme une v<span class=\"_ _1\"></span>ente \u00e0 c<span class=\"_ _1\"></span>ette fin, conform\u00e9ment \u00e0 la r<span class=\"_ _1\"></span>econnaissance c<span class=\"_ _1\"></span>ontinue des actifs par le Groupe. Actifs financiers- D\u00e9t<span class=\"_ _1\"></span>erminer si les flux de tr\u00e9sorerie contractuels sont uniquement des r<span class=\"_ _1\"></span>emboursements de principal et<span class=\"_ _8\"></span> des versements d\u2019int\u00e9r\u00eats: Aux fins de la pr\u00e9sente \u00e9v<span class=\"_ _1\"></span>aluation, le \u00ab principal \u00bb est d\u00e9fini comme la jus<span class=\"_ _1\"></span>te valeur de l'actif financier lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es \u00ab int\u00e9r\u00eats \u00bb sont d\u00e9finis comme une contr<span class=\"_ _1\"></span>epartie de la valeur temps de l'ar<span class=\"_ _1\"></span>gent et du<span class=\"_ _8\"></span> risque de cr\u00e9dit associ\u00e9 au principal r<span class=\"_ _1\"></span>estant d\u00fb pendant une p\u00e9riode donn\u00e9e, ainsi qu'\u00e0 d'autres risques et c<span class=\"_ _1\"></span>o\u00fbts de<span class=\"_ _8\"></span> pr\u00eat de base (tels que le risque de liquidit\u00e9 et les fr<span class=\"_ _1\"></span>ais administratifs<span class=\"_ _1\"></span>), tout en ajoutant une marge b\u00e9n\u00e9ficiair<span class=\"_ _1\"></span>e. Pour d\u00e9terminer si les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contractuels sont uniquement des paiements de capital et d'int\u00e9r\u00eats, C<span class=\"_ _1\"></span>energy Holdings tient compte des modalit\u00e9s c<span class=\"_ _1\"></span>ontractuelles de l'instrument. C<span class=\"_ _1\"></span>ela inclut d\u2019\u00e9valuer si l\u2019actif financier c<span class=\"_ _1\"></span>ontient<span class=\"_ _8\"></span> une dur\u00e9e contr<span class=\"_ _1\"></span>actuelle susceptible de modifier le calendrier ou le montant des flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels de telle sorte qu\u2019il ne r<span class=\"_ _1\"></span>emplisse pas cett<span class=\"_ _1\"></span>e condition. Dans le cadre de c<span class=\"_ _1\"></span>ette \u00e9valua<span class=\"_ _1\"></span>tion, Cenergy Holdings consid\u00e8r<span class=\"_ _1\"></span>e :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les \u00e9v\u00e9nements c<span class=\"_ _1\"></span>ontingents susceptibles de modifier le montant ou le calendrier des flux de tr\u00e9sorerie; \u2022 <span class=\"_ _20\"> </span>les conditions susc<span class=\"_ _1\"></span>eptibles d\u2019ajuster le taux du c<span class=\"_ _1\"></span>oupon contractuel, y c<span class=\"_ _1\"></span>ompris les caract\u00e9ristiques de taux v<span class=\"_ _1\"></span>ariable ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les car<span class=\"_ _1\"></span>act\u00e9ristiques de paiement anticip\u00e9 et de prolonga<span class=\"_ _1\"></span>tion; et<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les c<span class=\"_ _1\"></span>onditions qui limitent le droit \u00e0 se pr\u00e9v<span class=\"_ _1\"></span>aloir des flux de tr\u00e9sorerie sur c<span class=\"_ _1\"></span>ertains actifs (par ex<span class=\"_ _1\"></span>emple, absence de rec<span class=\"_ _1\"></span>ours possible). Actifs financiers \u2013 \u00c9v<span class=\"_ _1\"></span>aluation ult\u00e9rieure et comp<span class=\"_ _1\"></span>tabilisation des gains et des pertes  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat. Actifs financiers au c<span class=\"_ _1\"></span>o\u00fbt amorti  <span class=\"_ _7d\"> </span> <span class=\"_ _38\"></span>Ces actifs sont ult\u00e9rieurement \u00e9valu\u00e9s au c<span class=\"_ _1\"></span>o\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Le co\u00fbt amorti est minor\u00e9 des pert<span class=\"_ _1\"></span>es de d\u00e9pr\u00e9ciation. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats, les gains et pertes de change et les d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _0\"></span>out gain ou perte sur une d\u00e9comptabilisation es<span class=\"_ _1\"></span>t comptabilis\u00e9 en r\u00e9sultat. Instruments de dettes \u00e0 la just<span class=\"_ _1\"></span>e  <span class=\"_ _7e\"> </span> valeur par le biais des autr<span class=\"_ _1\"></span>es  <span class=\"_ _44\"> </span> \u00e9l\u00e9ments du r\u00e9sultat global  <span class=\"_ _7f\"> </span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats,  calcul\u00e9s selon la m\u00e9thode du taux d\u2019int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>, les gains et pertes de change et les <span class=\"_ _7b\"></span>  <span class=\"_ _38\"></span><span class=\"ff19\">d\u00e9pr\u00e9ciations sont comptabilis\u00e9s en r\u00e9sultat. Les autres gains et pert<span class=\"_ _1\"></span>es nets </span>sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global. Lors de la d\u00e9comptabilisation, les gains et pertes cumul\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global sont retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. Inv<span class=\"_ _1\"></span>estissements en capitaux  <span class=\"_ _34\"> </span> propres \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le  <span class=\"_ _80\"> </span> biais des autres \u00e9l\u00e9ments du   <span class=\"_ _55\"> </span> r\u00e9sultat global <span class=\"_ _81\"> </span> <span class=\"_ _7c\"> </span>Ces actifs sont ult\u00e9rieur<span class=\"_ _1\"></span>ement \u00e9valu\u00e9s \u00e0 leur just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. Les dividendes sont <span class=\"ff19\">comptabilis\u00e9s en pr<span class=\"_ _1\"></span>oduits au compte de r\u00e9sultat sauf si le dividende repr\u00e9sent<span class=\"_ _1\"></span>e </span><span class=\"ff19\">clairement une r<span class=\"_ _1\"></span>eprise d\u2019une partie du co\u00fbt de l\u2019inv<span class=\"_ _1\"></span>estissement. Les autres gains et </span><span class=\"ff19\">pertes nets sont comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global et ne sont</span>jamais retr<span class=\"_ _1\"></span>ait\u00e9s en r\u00e9sultat. C. D\u00e9comptabilisation Actifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un actif financier quand :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les dr<span class=\"_ _1\"></span>oits contr<span class=\"_ _1\"></span>actuels sur les flux de tr\u00e9sorerie de l'actif financier expir<span class=\"_ _1\"></span>ent; ou \u2022 <span class=\"_ _20\"> </span>il tr<span class=\"_ _1\"></span>ansf\u00e8re les dr<span class=\"_ _1\"></span>oits de rece<span class=\"_ _1\"></span>voir les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contr<span class=\"_ _1\"></span>actuels dans une transaction : - <span class=\"_ _6a\"> </span>dans laquelle la quasi-totalit\u00e9 des risques et a<span class=\"_ _1\"></span>vantages de la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l'actif financier est transf\u00e9r\u00e9e ; ou - <span class=\"_ _6a\"> </span>dans lequel Cener<span class=\"_ _1\"></span>gy Holdings ne transf\u00e8r<span class=\"_ _1\"></span>e ni ne conserve la quasi-t<span class=\"_ _1\"></span>otalit\u00e9 des risques et des avantages de la propri\u00e9t\u00e9 et ne c<span class=\"_ _1\"></span>onserve pas le contr\u00f4le de l'actif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings conclut des transactions dans lesquelles elle tr<span class=\"_ _1\"></span>ansf\u00e8re des actifs comptabilis\u00e9s dans son \u00e9tat de situation financi\u00e8re<span class=\"_ _1\"></span>, mais conserve t<span class=\"_ _1\"></span>out ou une part substantielle de l\u2019<span class=\"_ _1\"></span>ensemble des risques et avantages sur les actifs transf\u00e9r\u00e9s. Dans c<span class=\"_ _1\"></span>e cas, les actifs transf\u00e9r\u00e9s ne sont pas d\u00e9comptabilis\u00e9s. D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. 5.<span class=\"_ _1\"></span>16 Capital social<span class=\"_ _8\"></span> Les capitaux pr<span class=\"_ _1\"></span>opres se composent d\u2019<span class=\"_ _1\"></span>actions ordinaires. Les co\u00fbts additionnels dir<span class=\"_ _1\"></span>ectement attribuables \u00e0 l\u2019\u00e9mission d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es sont comptabilis\u00e9s en d\u00e9duction des capitaux propr<span class=\"_ _1\"></span>es. L<span class=\"_ _1\"></span>\u2019imp\u00f4t sur le r\u00e9sultat li\u00e9 aux co\u00fbts de transaction d\u2019une tr<span class=\"_ _1\"></span>ansaction sur les capitaux propr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> est comptabilis\u00e9 en capitaux pr<span class=\"_ _1\"></span>opres (<span class=\"_ _1\"></span>cf<span class=\"_ _1\"></span>. note 5.7). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-88-5": {
   "value": "B. Actifs non financiers \u00c0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e, Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s examinent les v<span class=\"_ _1\"></span>aleurs comptables de leurs actifs non financiers (autres que les s<span class=\"_ _1\"></span>tocks et les passifs d\u2019imp\u00f4ts diff\u00e9r\u00e9s), afin de d\u00e9t<span class=\"_ _1\"></span>erminer toute indication de d\u00e9pr\u00e9ciation. Dans l\u2019\u00e9ventualit\u00e9 de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xistence d\u2019une t<span class=\"_ _1\"></span>elle indication, le montant recouvr<span class=\"_ _1\"></span>able de l\u2019actif ser<span class=\"_ _1\"></span>a estim\u00e9. Le goodwill et les immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e d\u2019utilit\u00e9 ind\u00e9termin\u00e9e font l\u2019<span class=\"_ _1\"></span>objet d\u2019un test de d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion annuel.<span class=\"_ _8\"></span> Il con<span class=\"_ _1\"></span>viendra, afin de proc\u00e9der au t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation, que les actifs soient regr<span class=\"_ _1\"></span>oup\u00e9s dans la plus petite cat\u00e9gorie d\u2019actifs possible qui g\u00e9n\u00e8r<span class=\"_ _1\"></span>e des rentr\u00e9es de f<span class=\"_ _1\"></span>onds pro<span class=\"_ _1\"></span>venant d\u2019un usage permanent, lesquelles sont en grande partie ind\u00e9pendantes des r<span class=\"_ _1\"></span>entr\u00e9es de fonds d\u2019autr<span class=\"_ _1\"></span>es actifs ou d\u2019unit\u00e9s g\u00e9n\u00e9ratrices de tr\u00e9sor<span class=\"_ _1\"></span>erie (ou \u00ab UG<span class=\"_ _1\"></span>T \u00bb). Le goodwill acquis lors d\u2019un r<span class=\"_ _1\"></span>egroupement d\u2019<span class=\"_ _1\"></span>entreprises ser<span class=\"_ _1\"></span>a attribu\u00e9 aux UGT ou aux gr<span class=\"_ _1\"></span>oupes d\u2019UGT qui devr<span class=\"_ _1\"></span>aient tirer pr<span class=\"_ _1\"></span>ofit<span class=\"_ _8\"></span> des syner<span class=\"_ _1\"></span>gies propr<span class=\"_ _1\"></span>es \u00e0 ce regr<span class=\"_ _1\"></span>oupement.<span class=\"_ _8\"></span> La valeur r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>able d\u2019un actif ou d\u2019une UGT est le montant le plus \u00e9lev\u00e9 entr<span class=\"_ _1\"></span>e sa valeur d\u2019utilit\u00e9 et sa jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> d\u00e9duction faite du c<span class=\"_ _1\"></span>o\u00fbt des vent<span class=\"_ _1\"></span>es. La valeur d'utilit\u00e9 est bas\u00e9e sur les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs estim\u00e9s, actualis\u00e9s \u00e0<span class=\"_ _8\"></span> leur valeur actuelle en utilisant un taux d'actualisation a<span class=\"_ _1\"></span>vant imp\u00f4t qui r<span class=\"_ _1\"></span>efl\u00e8te les \u00e9valuations actuelles du mar<span class=\"_ _1\"></span>ch\u00e9 de la valeur t<span class=\"_ _1\"></span>emps de l'argent et des risques sp\u00e9cifiques \u00e0 l'actif ou \u00e0 l'UGT<span class=\"_ _0\"></span>. Une perte de v<span class=\"_ _1\"></span>aleur est comptabilis\u00e9e si la v<span class=\"_ _1\"></span>aleur comptable d\u2019un actif ou de l\u2019UGT est sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 sa valeur rec<span class=\"_ _1\"></span>ouvrable estim\u00e9e. Les pertes de v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es au post<span class=\"_ _1\"></span>e \u00ab Autres char<span class=\"_ _1\"></span>ges \u00bb du compte de r\u00e9sultat. Elles sont d\u2019<span class=\"_ _1\"></span>abord appliqu\u00e9es en perte de la v<span class=\"_ _1\"></span>aleur comptable de tout goodwill affect\u00e9 \u00e0 l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>, puis \u00e0 la r\u00e9duction des v<span class=\"_ _1\"></span>aleurs<span class=\"_ _8\"></span> comptables au pr<span class=\"_ _1\"></span>orata des autr<span class=\"_ _1\"></span>es actifs de l\u2019UGT<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Une perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e au titre d\u2019un goodwill ne peut pas \u00eatr<span class=\"_ _1\"></span>e reprise.Pour les autr<span class=\"_ _1\"></span>es actifs, la valeur c<span class=\"_ _1\"></span>omptable augment\u00e9e en raison de la r<span class=\"_ _1\"></span>eprise d\u2019une r\u00e9duction de valeur ne doit pas \u00eatre sup\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable qui aurait \u00e9t\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, nette des amortissements, si aucune r\u00e9duction de valeur n\u2019<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ait \u00e9t\u00e9<span class=\"_ _8\"></span> comptabilis\u00e9e. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings incluent aussi, dans leur re<span class=\"_ _1\"></span>vue des montants recouvr<span class=\"_ _1\"></span>ables, des hypoth\u00e8ses li\u00e9es aux cons\u00e9quences du changement clima<span class=\"_ _1\"></span>tique.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-95-4": {
   "value": "5.<span class=\"_ _1\"></span>14 Locations Au d\u00e9but d'un contr<span class=\"_ _1\"></span>at, le Groupe \u00e9v<span class=\"_ _1\"></span>alue si un contra<span class=\"_ _1\"></span>t est ou contient un contr<span class=\"_ _1\"></span>at de location. Un contr<span class=\"_ _1\"></span>at est ou<span class=\"_ _8\"></span> contient un contr<span class=\"_ _1\"></span>at de location s'il conf\u00e8r<span class=\"_ _1\"></span>e le droit de contr\u00f4ler l'utilisa<span class=\"_ _1\"></span>tion d'un bien d\u00e9termin\u00e9 pour un certain temps mo<span class=\"_ _1\"></span>yennant une c<span class=\"_ _1\"></span>ontrepartie. Pour d\u00e9terminer si un c<span class=\"_ _1\"></span>ontrat c<span class=\"_ _1\"></span>onf\u00e8re le droit de c<span class=\"_ _1\"></span>ontr\u00f4ler l'utilisation d'un actif<span class=\"_ _8\"></span> identifi\u00e9, le Groupe utilise la d\u00e9finition du c<span class=\"_ _1\"></span>ontrat de location de la norme IFRS 16. Comptabilisation des contr<span class=\"_ _1\"></span>ats de location en tant que preneur Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent divers bur<span class=\"_ _1\"></span>eaux, entrep\u00f4ts, machines et v\u00e9hicules. Les c<span class=\"_ _1\"></span>ontrats de location sont g\u00e9n\u00e9ralement \u00e9tablis pour des p\u00e9riodes fix<span class=\"_ _1\"></span>es de 1 \u00e0 5 ans. Les termes des c<span class=\"_ _1\"></span>ontrats de location sont n\u00e9goci\u00e9s au cas par cas et contiennent un lar<span class=\"_ _1\"></span>ge \u00e9ventail de termes et c<span class=\"_ _1\"></span>onditions diff\u00e9rents. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise un droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 et une obligation locative<span class=\"_ _1\"></span>, \u00e0 la date du d\u00e9but de la location. Le dr<span class=\"_ _1\"></span>oit d'utilisation de l\u2019actif est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt, qui compr<span class=\"_ _1\"></span>end le montant initial de<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>obligation de location ajust\u00e9 pour tout paiement de lo<span class=\"_ _1\"></span>yer eff<span class=\"_ _1\"></span>ectu\u00e9 \u00e0 la date d'entr\u00e9e en vigueur ou av<span class=\"_ _1\"></span>ant, plus tous les co\u00fbts dir<span class=\"_ _1\"></span>ects initiaux encourus et une estimation des co\u00fbts de d\u00e9mant\u00e8lement et de r<span class=\"_ _1\"></span>etrait de l'actif sous-jac<span class=\"_ _1\"></span>ent<span class=\"_ _8\"></span> ou de res<span class=\"_ _1\"></span>tauration de l'actif sous-jacent ou du sit<span class=\"_ _1\"></span>e sur lequel il se trouv<span class=\"_ _1\"></span>e, d\u00e9duction faire des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location re\u00e7us. Par la suite<span class=\"_ _1\"></span>, ils sont \u00e9valu\u00e9s au co\u00fbt d\u00e9duction f<span class=\"_ _1\"></span>aite des amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>, et ajust\u00e9s en vue de la r\u00e9\u00e9valuation de l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e. Le dr<span class=\"_ _1\"></span>oit d\u2019utilisation de l\u2019actif lou\u00e9 est amorti selon la m\u00e9thode lin\u00e9aire depuis la dat<span class=\"_ _1\"></span>e du d\u00e9but de la location jusqu\u2019\u00e0 la fin de celle-ci, \u00e0 moins que la location ne tr<span class=\"_ _1\"></span>ansf\u00e8re au Groupe la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l\u2019actif sous-jacent \u00e0 la fin de la loca<span class=\"_ _1\"></span>tion ou que le co\u00fbt du droit d\u2019utilisation sur l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 ne<span class=\"_ _8\"></span> refl\u00e8t<span class=\"_ _1\"></span>e le fait que le Groupe e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cera une option d\u2019<span class=\"_ _1\"></span>achat. Dans ce cas, le dr<span class=\"_ _1\"></span>oit d\u2019utilisation sur l\u2019actif lou\u00e9 sera amorti au fil de la dur\u00e9e d\u2019utilit\u00e9 de l\u2019actif sous-jac<span class=\"_ _1\"></span>ent qui est d\u00e9termin\u00e9e de la m\u00eame fa\u00e7on que c<span class=\"_ _1\"></span>elle des propri\u00e9t\u00e9s et des \u00e9quipements. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actualis\u00e9e des paiements de lo<span class=\"_ _1\"></span>yers suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les paiements fix<span class=\"_ _1\"></span>es (y compris les paiements fix<span class=\"_ _1\"></span>es en substance<span class=\"_ _1\"></span>), d\u00e9duction faite des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>paiements de lo<span class=\"_ _1\"></span>yers v<span class=\"_ _1\"></span>ariables qui sont fonction d\u2019un indice ou d\u2019un taux ; \u2022 <span class=\"_ _20\"> </span>sommes que le pr<span class=\"_ _1\"></span>eneur s'attend \u00e0 de<span class=\"_ _1\"></span>voir pa<span class=\"_ _1\"></span>yer au titr<span class=\"_ _1\"></span>e de garanties de valeur r\u00e9siduelle ; \u2022 <span class=\"_ _20\"> </span>prix d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice de l\u2019<span class=\"_ _1\"></span>option d\u2019achat que le pr<span class=\"_ _1\"></span>eneur a la certitude raisonnable d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer<span class=\"_ _1\"></span>, et \u2022 <span class=\"_ _20\"> </span>p\u00e9nalit\u00e9s e<span class=\"_ _1\"></span>xig\u00e9es en cas de r\u00e9siliation du contr<span class=\"_ _1\"></span>at de location, si la dur\u00e9e du contr<span class=\"_ _1\"></span>at de location refl\u00e8te l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice par le preneur de c<span class=\"_ _1\"></span>ette option. Ces paiements sont actualis\u00e9s en utilisant le taux d'int\u00e9r\u00eat implicite dans le c<span class=\"_ _1\"></span>ontrat de location ou, si c<span class=\"_ _1\"></span>e taux ne peut<span class=\"_ _8\"></span> pas \u00eatre f<span class=\"_ _1\"></span>acilement d\u00e9termin\u00e9, le taux d'emprunt marginal de la c<span class=\"_ _1\"></span>omposante conclue dans le contr<span class=\"_ _1\"></span>at de location. En g\u00e9n\u00e9ral, C<span class=\"_ _1\"></span>energy Holdings utilise son taux d'emprunt marginal c<span class=\"_ _1\"></span>omme taux d'actualisation.<span class=\"_ _8\"></span> Il s\u2019agit du taux que le pr<span class=\"_ _1\"></span>eneur<span class=\"_ _1\"></span>, c'est-\u00e0-dir<span class=\"_ _1\"></span>e, chacune des filiales de Cenergy Holdings, aur<span class=\"_ _1\"></span>ait \u00e0 verser \u00e0 la dat<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> d\u00e9but de la location pour un emprunt de dur\u00e9e similaire et a<span class=\"_ _1\"></span>vec une gar<span class=\"_ _1\"></span>antie similaire, pour obt<span class=\"_ _1\"></span>enir un actif de<span class=\"_ _8\"></span> valeur similair<span class=\"_ _1\"></span>e au droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif, dans un en<span class=\"_ _1\"></span>vironnement \u00e9c<span class=\"_ _1\"></span>onomique similaire. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est ult\u00e9rieur<span class=\"_ _1\"></span>ement augment\u00e9e par les charges d\u2019int\u00e9r\u00eats sur l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e et r\u00e9duite en fonction des paiements de lo<span class=\"_ _1\"></span>yers effectu\u00e9s. Elle es<span class=\"_ _1\"></span>t r\u00e9\u00e9valu\u00e9e s\u2019il survient un changement qui n\u2019<span class=\"_ _1\"></span>est pas comptabilis\u00e9 comme contr<span class=\"_ _1\"></span>at de location s\u00e9par\u00e9, lorsqu\u2019il y a un changement dans les paiements de lo<span class=\"_ _1\"></span>yers futurs en r<span class=\"_ _1\"></span>aison d\u2019une<span class=\"_ _8\"></span> variation de l\u2019indic<span class=\"_ _1\"></span>e ou de taux, un changement dans le montant estim\u00e9 dev<span class=\"_ _1\"></span>ant \u00eatre pa<span class=\"_ _1\"></span>y\u00e9 au titre d\u2019une garantie de valeur r\u00e9siduelle<span class=\"_ _1\"></span>, et de changements dans l\u2019es<span class=\"_ _1\"></span>timation de savoir si une option d\u2019<span class=\"_ _1\"></span>achat ou de prolongation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> raisonnablement c<span class=\"_ _1\"></span>ertaine d\u2019\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9e ou si une option de r\u00e9siliation est raisonnablement certaine de ne pas \u00eatr<span class=\"_ _1\"></span>e ex<span class=\"_ _1\"></span>erc\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas s\u00e9parer les composant<span class=\"_ _1\"></span>es non locatives des composant<span class=\"_ _1\"></span>es locatives. Les obligations locativ<span class=\"_ _1\"></span>es et les actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation sont pr\u00e9sent\u00e9s s\u00e9par\u00e9ment dans l\u2019\u00e9tat de la situation financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de pr\u00e9senter les int\u00e9r\u00eats vers\u00e9s au titr<span class=\"_ _1\"></span>e des obligations locatives dans l'\u00e9ta<span class=\"_ _1\"></span>t consolid\u00e9 des<span class=\"_ _8\"></span> flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, \u00e0 la ligne \u00ab int\u00e9r\u00eats vers\u00e9s \u00bb des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Contr<span class=\"_ _1\"></span>ats de location \u00e0 court terme et c<span class=\"_ _1\"></span>ontrats de location d'actifs de faible v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> Les paiements associ\u00e9s \u00e0 des baux \u00e0 c<span class=\"_ _1\"></span>ourt terme et \u00e0 des baux d'actifs de faible v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9s de fa\u00e7on lin\u00e9aire \u00e0 titr<span class=\"_ _1\"></span>e de charges en b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es ou en pertes. Les baux \u00e0 court terme sont des baux d'une dur\u00e9e de 12 mois ou moins. Les actifs de faible v<span class=\"_ _1\"></span>aleur incluent l\u2019\u00e9quipement informatique, de petits \u00e9l\u00e9ments d'\u00e9quipement de bur<span class=\"_ _1\"></span>eau<span class=\"_ _8\"></span> et autre<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent des bureaux administr<span class=\"_ _1\"></span>atifs et des entrep\u00f4ts via la soci\u00e9t\u00e9 m\u00e8r<span class=\"_ _1\"></span>e ultime<span class=\"_ _8\"></span> Viohalc<span class=\"_ _1\"></span>o S.A. et d'autres soci\u00e9t\u00e9s li\u00e9es. T<span class=\"_ _0\"></span>ous les contr<span class=\"_ _1\"></span>ats pour les bureaux administr<span class=\"_ _1\"></span>atifs et les entrep\u00f4ts n'incluent pas de clauses de p\u00e9nalit\u00e9 de r\u00e9siliation anticip\u00e9e et sont r\u00e9siliables \u00e0 tout moment. Pour c<span class=\"_ _1\"></span>ette raison, t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>ats intersoci\u00e9t\u00e9s pour les bureaux adminis<span class=\"_ _1\"></span>tratifs et les entr<span class=\"_ _1\"></span>ep\u00f4ts sont consid\u00e9r\u00e9s comme des contr<span class=\"_ _1\"></span>ats \u00e0 court terme et Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les paiements de location associ\u00e9s \u00e0 ces contr<span class=\"_ _1\"></span>ats comme des d\u00e9penses direct<span class=\"_ _1\"></span>es sur la dur\u00e9e du contrat de loca<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements Le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu de location est comptabilis\u00e9 comme un autr<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>venu sur une base lin\u00e9air<span class=\"_ _1\"></span>e pendant la dur\u00e9e de location.<span class=\"_ _8\"></span> Les incitations \u00e0 la location ac<span class=\"_ _1\"></span>cord\u00e9es sont c<span class=\"_ _1\"></span>omptabilis\u00e9es comme partie int\u00e9grante du r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu locatif total, sur la dur\u00e9e de location. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-95-5": {
   "value": "5.<span class=\"_ _1\"></span>14 Locations Au d\u00e9but d'un contr<span class=\"_ _1\"></span>at, le Groupe \u00e9v<span class=\"_ _1\"></span>alue si un contra<span class=\"_ _1\"></span>t est ou contient un contr<span class=\"_ _1\"></span>at de location. Un contr<span class=\"_ _1\"></span>at est ou<span class=\"_ _8\"></span> contient un contr<span class=\"_ _1\"></span>at de location s'il conf\u00e8r<span class=\"_ _1\"></span>e le droit de contr\u00f4ler l'utilisa<span class=\"_ _1\"></span>tion d'un bien d\u00e9termin\u00e9 pour un certain temps mo<span class=\"_ _1\"></span>yennant une c<span class=\"_ _1\"></span>ontrepartie. Pour d\u00e9terminer si un c<span class=\"_ _1\"></span>ontrat c<span class=\"_ _1\"></span>onf\u00e8re le droit de c<span class=\"_ _1\"></span>ontr\u00f4ler l'utilisation d'un actif<span class=\"_ _8\"></span> identifi\u00e9, le Groupe utilise la d\u00e9finition du c<span class=\"_ _1\"></span>ontrat de location de la norme IFRS 16. Comptabilisation des contr<span class=\"_ _1\"></span>ats de location en tant que preneur Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent divers bur<span class=\"_ _1\"></span>eaux, entrep\u00f4ts, machines et v\u00e9hicules. Les c<span class=\"_ _1\"></span>ontrats de location sont g\u00e9n\u00e9ralement \u00e9tablis pour des p\u00e9riodes fix<span class=\"_ _1\"></span>es de 1 \u00e0 5 ans. Les termes des c<span class=\"_ _1\"></span>ontrats de location sont n\u00e9goci\u00e9s au cas par cas et contiennent un lar<span class=\"_ _1\"></span>ge \u00e9ventail de termes et c<span class=\"_ _1\"></span>onditions diff\u00e9rents. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise un droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 et une obligation locative<span class=\"_ _1\"></span>, \u00e0 la date du d\u00e9but de la location. Le dr<span class=\"_ _1\"></span>oit d'utilisation de l\u2019actif est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9 au co\u00fbt, qui compr<span class=\"_ _1\"></span>end le montant initial de<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>obligation de location ajust\u00e9 pour tout paiement de lo<span class=\"_ _1\"></span>yer eff<span class=\"_ _1\"></span>ectu\u00e9 \u00e0 la date d'entr\u00e9e en vigueur ou av<span class=\"_ _1\"></span>ant, plus tous les co\u00fbts dir<span class=\"_ _1\"></span>ects initiaux encourus et une estimation des co\u00fbts de d\u00e9mant\u00e8lement et de r<span class=\"_ _1\"></span>etrait de l'actif sous-jac<span class=\"_ _1\"></span>ent<span class=\"_ _8\"></span> ou de res<span class=\"_ _1\"></span>tauration de l'actif sous-jacent ou du sit<span class=\"_ _1\"></span>e sur lequel il se trouv<span class=\"_ _1\"></span>e, d\u00e9duction faire des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location re\u00e7us. Par la suite<span class=\"_ _1\"></span>, ils sont \u00e9valu\u00e9s au co\u00fbt d\u00e9duction f<span class=\"_ _1\"></span>aite des amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>, et ajust\u00e9s en vue de la r\u00e9\u00e9valuation de l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e. Le dr<span class=\"_ _1\"></span>oit d\u2019utilisation de l\u2019actif lou\u00e9 est amorti selon la m\u00e9thode lin\u00e9aire depuis la dat<span class=\"_ _1\"></span>e du d\u00e9but de la location jusqu\u2019\u00e0 la fin de celle-ci, \u00e0 moins que la location ne tr<span class=\"_ _1\"></span>ansf\u00e8re au Groupe la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l\u2019actif sous-jacent \u00e0 la fin de la loca<span class=\"_ _1\"></span>tion ou que le co\u00fbt du droit d\u2019utilisation sur l\u2019<span class=\"_ _1\"></span>actif lou\u00e9 ne<span class=\"_ _8\"></span> refl\u00e8t<span class=\"_ _1\"></span>e le fait que le Groupe e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cera une option d\u2019<span class=\"_ _1\"></span>achat. Dans ce cas, le dr<span class=\"_ _1\"></span>oit d\u2019utilisation sur l\u2019actif lou\u00e9 sera amorti au fil de la dur\u00e9e d\u2019utilit\u00e9 de l\u2019actif sous-jac<span class=\"_ _1\"></span>ent qui est d\u00e9termin\u00e9e de la m\u00eame fa\u00e7on que c<span class=\"_ _1\"></span>elle des propri\u00e9t\u00e9s et des \u00e9quipements. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est initialement \u00e9v<span class=\"_ _1\"></span>alu\u00e9e \u00e0 la valeur actualis\u00e9e des paiements de lo<span class=\"_ _1\"></span>yers suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les paiements fix<span class=\"_ _1\"></span>es (y compris les paiements fix<span class=\"_ _1\"></span>es en substance<span class=\"_ _1\"></span>), d\u00e9duction faite des a<span class=\"_ _1\"></span>vantages incitatifs \u00e0 la location \u00e0 rec<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>oir ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>paiements de lo<span class=\"_ _1\"></span>yers v<span class=\"_ _1\"></span>ariables qui sont fonction d\u2019un indice ou d\u2019un taux ; \u2022 <span class=\"_ _20\"> </span>sommes que le pr<span class=\"_ _1\"></span>eneur s'attend \u00e0 de<span class=\"_ _1\"></span>voir pa<span class=\"_ _1\"></span>yer au titr<span class=\"_ _1\"></span>e de garanties de valeur r\u00e9siduelle ; \u2022 <span class=\"_ _20\"> </span>prix d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice de l\u2019<span class=\"_ _1\"></span>option d\u2019achat que le pr<span class=\"_ _1\"></span>eneur a la certitude raisonnable d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cer<span class=\"_ _1\"></span>, et \u2022 <span class=\"_ _20\"> </span>p\u00e9nalit\u00e9s e<span class=\"_ _1\"></span>xig\u00e9es en cas de r\u00e9siliation du contr<span class=\"_ _1\"></span>at de location, si la dur\u00e9e du contr<span class=\"_ _1\"></span>at de location refl\u00e8te l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice par le preneur de c<span class=\"_ _1\"></span>ette option. Ces paiements sont actualis\u00e9s en utilisant le taux d'int\u00e9r\u00eat implicite dans le c<span class=\"_ _1\"></span>ontrat de location ou, si c<span class=\"_ _1\"></span>e taux ne peut<span class=\"_ _8\"></span> pas \u00eatre f<span class=\"_ _1\"></span>acilement d\u00e9termin\u00e9, le taux d'emprunt marginal de la c<span class=\"_ _1\"></span>omposante conclue dans le contr<span class=\"_ _1\"></span>at de location. En g\u00e9n\u00e9ral, C<span class=\"_ _1\"></span>energy Holdings utilise son taux d'emprunt marginal c<span class=\"_ _1\"></span>omme taux d'actualisation.<span class=\"_ _8\"></span> Il s\u2019agit du taux que le pr<span class=\"_ _1\"></span>eneur<span class=\"_ _1\"></span>, c'est-\u00e0-dir<span class=\"_ _1\"></span>e, chacune des filiales de Cenergy Holdings, aur<span class=\"_ _1\"></span>ait \u00e0 verser \u00e0 la dat<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> d\u00e9but de la location pour un emprunt de dur\u00e9e similaire et a<span class=\"_ _1\"></span>vec une gar<span class=\"_ _1\"></span>antie similaire, pour obt<span class=\"_ _1\"></span>enir un actif de<span class=\"_ _8\"></span> valeur similair<span class=\"_ _1\"></span>e au droit d\u2019utilisation de l\u2019<span class=\"_ _1\"></span>actif, dans un en<span class=\"_ _1\"></span>vironnement \u00e9c<span class=\"_ _1\"></span>onomique similaire. L<span class=\"_ _1\"></span>\u2019obliga<span class=\"_ _1\"></span>tion locative est ult\u00e9rieur<span class=\"_ _1\"></span>ement augment\u00e9e par les charges d\u2019int\u00e9r\u00eats sur l\u2019<span class=\"_ _1\"></span>obligation locativ<span class=\"_ _1\"></span>e et r\u00e9duite en fonction des paiements de lo<span class=\"_ _1\"></span>yers effectu\u00e9s. Elle es<span class=\"_ _1\"></span>t r\u00e9\u00e9valu\u00e9e s\u2019il survient un changement qui n\u2019<span class=\"_ _1\"></span>est pas comptabilis\u00e9 comme contr<span class=\"_ _1\"></span>at de location s\u00e9par\u00e9, lorsqu\u2019il y a un changement dans les paiements de lo<span class=\"_ _1\"></span>yers futurs en r<span class=\"_ _1\"></span>aison d\u2019une<span class=\"_ _8\"></span> variation de l\u2019indic<span class=\"_ _1\"></span>e ou de taux, un changement dans le montant estim\u00e9 dev<span class=\"_ _1\"></span>ant \u00eatre pa<span class=\"_ _1\"></span>y\u00e9 au titre d\u2019une garantie de valeur r\u00e9siduelle<span class=\"_ _1\"></span>, et de changements dans l\u2019es<span class=\"_ _1\"></span>timation de savoir si une option d\u2019<span class=\"_ _1\"></span>achat ou de prolongation es<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> raisonnablement c<span class=\"_ _1\"></span>ertaine d\u2019\u00eatre e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>c\u00e9e ou si une option de r\u00e9siliation est raisonnablement certaine de ne pas \u00eatr<span class=\"_ _1\"></span>e ex<span class=\"_ _1\"></span>erc\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas s\u00e9parer les composant<span class=\"_ _1\"></span>es non locatives des composant<span class=\"_ _1\"></span>es locatives. Les obligations locativ<span class=\"_ _1\"></span>es et les actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation sont pr\u00e9sent\u00e9s s\u00e9par\u00e9ment dans l\u2019\u00e9tat de la situation financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings a choisi de pr\u00e9senter les int\u00e9r\u00eats vers\u00e9s au titr<span class=\"_ _1\"></span>e des obligations locatives dans l'\u00e9ta<span class=\"_ _1\"></span>t consolid\u00e9 des<span class=\"_ _8\"></span> flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, \u00e0 la ligne \u00ab int\u00e9r\u00eats vers\u00e9s \u00bb des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Contr<span class=\"_ _1\"></span>ats de location \u00e0 court terme et c<span class=\"_ _1\"></span>ontrats de location d'actifs de faible v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> Les paiements associ\u00e9s \u00e0 des baux \u00e0 c<span class=\"_ _1\"></span>ourt terme et \u00e0 des baux d'actifs de faible v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9s de fa\u00e7on lin\u00e9aire \u00e0 titr<span class=\"_ _1\"></span>e de charges en b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es ou en pertes. Les baux \u00e0 court terme sont des baux d'une dur\u00e9e de 12 mois ou moins. Les actifs de faible v<span class=\"_ _1\"></span>aleur incluent l\u2019\u00e9quipement informatique, de petits \u00e9l\u00e9ments d'\u00e9quipement de bur<span class=\"_ _1\"></span>eau<span class=\"_ _8\"></span> et autre<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings louent des bureaux administr<span class=\"_ _1\"></span>atifs et des entrep\u00f4ts via la soci\u00e9t\u00e9 m\u00e8r<span class=\"_ _1\"></span>e ultime<span class=\"_ _8\"></span> Viohalc<span class=\"_ _1\"></span>o S.A. et d'autres soci\u00e9t\u00e9s li\u00e9es. T<span class=\"_ _0\"></span>ous les contr<span class=\"_ _1\"></span>ats pour les bureaux administr<span class=\"_ _1\"></span>atifs et les entrep\u00f4ts n'incluent pas de clauses de p\u00e9nalit\u00e9 de r\u00e9siliation anticip\u00e9e et sont r\u00e9siliables \u00e0 tout moment. Pour c<span class=\"_ _1\"></span>ette raison, t<span class=\"_ _1\"></span>ous les<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>ats intersoci\u00e9t\u00e9s pour les bureaux adminis<span class=\"_ _1\"></span>tratifs et les entr<span class=\"_ _1\"></span>ep\u00f4ts sont consid\u00e9r\u00e9s comme des contr<span class=\"_ _1\"></span>ats \u00e0 court terme et Cener<span class=\"_ _1\"></span>gy Holdings rec<span class=\"_ _1\"></span>onna\u00eet les paiements de location associ\u00e9s \u00e0 ces contr<span class=\"_ _1\"></span>ats comme des d\u00e9penses direct<span class=\"_ _1\"></span>es sur la dur\u00e9e du contrat de loca<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements Le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu de location est comptabilis\u00e9 comme un autr<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>venu sur une base lin\u00e9air<span class=\"_ _1\"></span>e pendant la dur\u00e9e de location.<span class=\"_ _8\"></span> Les incitations \u00e0 la location ac<span class=\"_ _1\"></span>cord\u00e9es sont c<span class=\"_ _1\"></span>omptabilis\u00e9es comme partie int\u00e9grante du r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu locatif total, sur la dur\u00e9e de location. Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-99-6": {
   "value": "Cener<span class=\"_ _1\"></span>gy Holdings a choisi de pr\u00e9senter les int\u00e9r\u00eats vers\u00e9s au titr<span class=\"_ _1\"></span>e des obligations locatives dans l'\u00e9ta<span class=\"_ _1\"></span>t consolid\u00e9 des<span class=\"_ _8\"></span> flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, \u00e0 la ligne \u00ab int\u00e9r\u00eats vers\u00e9s \u00bb des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-104-7": {
   "value": "Lors de sa comptabilisation initiale<span class=\"_ _1\"></span>, un actif financier est class\u00e9 et \u00e9valu\u00e9 : au c<span class=\"_ _1\"></span>o\u00fbt amorti ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais<span class=\"_ _8\"></span> des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les ins<span class=\"_ _1\"></span>truments de dettes ; \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global pour les inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres ou \u00e0 la just<span class=\"_ _1\"></span>e valeur par le biais du compt<span class=\"_ _1\"></span>e de r\u00e9sultat.<span class=\"_ _8\"></span>  Actifs financiers \u00e0 la just<span class=\"_ _1\"></span>e valeur  <span class=\"_ _28\"> </span> par le biais du compte de r\u00e9sultat   <span class=\"_ _7c\"> </span> <span class=\"_ _7b\"></span>Ces actifs sont ult\u00e9rieurement \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 leur juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Les gains et les pertes nets, y compris sous la forme de re<span class=\"_ _1\"></span>venus d\u2019int\u00e9r\u00eats ou de dividendes, sont comptabilis\u00e9s en r\u00e9sultat.E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-115-6": {
   "value": "Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-115-7": {
   "value": "Passifs finan<span class=\"ws6c\">ciers </span>Les passifs financiers sont class\u00e9s c<span class=\"_ _1\"></span>omme mesur\u00e9s au co\u00fbt amorti. T<span class=\"_ _0\"></span>ous les passifs financiers (\u00e0 l'e<span class=\"_ _1\"></span>xception des d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus \u00e0 des fins de couv<span class=\"_ _1\"></span>erture) sont ensuit<span class=\"_ _1\"></span>e \u00e9valu\u00e9s au co\u00fbt amorti selon la m\u00e9thode du taux d'int\u00e9r\u00eat effectif<span class=\"_ _1\"></span>. Les char<span class=\"_ _1\"></span>ges d\u2019int\u00e9r\u00eats et les gains et pertes de change sont<span class=\"_ _8\"></span> comptabilis\u00e9s en r\u00e9sultat. T<span class=\"_ _3c\"></span>out gain ou perte sur une d\u00e9comptabilisation est \u00e9galement c<span class=\"_ _1\"></span>omptabilis\u00e9(e<span class=\"_ _1\"></span>) en r\u00e9sultat.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-116-6": {
   "value": "C. D\u00e9comptabilisation Actifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un actif financier quand :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>les dr<span class=\"_ _1\"></span>oits contr<span class=\"_ _1\"></span>actuels sur les flux de tr\u00e9sorerie de l'actif financier expir<span class=\"_ _1\"></span>ent; ou \u2022 <span class=\"_ _20\"> </span>il tr<span class=\"_ _1\"></span>ansf\u00e8re les dr<span class=\"_ _1\"></span>oits de rece<span class=\"_ _1\"></span>voir les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie contr<span class=\"_ _1\"></span>actuels dans une transaction : - <span class=\"_ _6a\"> </span>dans laquelle la quasi-totalit\u00e9 des risques et a<span class=\"_ _1\"></span>vantages de la pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9 de l'actif financier est transf\u00e9r\u00e9e ; ou - <span class=\"_ _6a\"> </span>dans lequel Cener<span class=\"_ _1\"></span>gy Holdings ne transf\u00e8r<span class=\"_ _1\"></span>e ni ne conserve la quasi-t<span class=\"_ _1\"></span>otalit\u00e9 des risques et des avantages de la propri\u00e9t\u00e9 et ne c<span class=\"_ _1\"></span>onserve pas le contr\u00f4le de l'actif financier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings conclut des transactions dans lesquelles elle tr<span class=\"_ _1\"></span>ansf\u00e8re des actifs comptabilis\u00e9s dans son \u00e9tat de situation financi\u00e8re<span class=\"_ _1\"></span>, mais conserve t<span class=\"_ _1\"></span>out ou une part substantielle de l\u2019<span class=\"_ _1\"></span>ensemble des risques et avantages sur les actifs transf\u00e9r\u00e9s. Dans c<span class=\"_ _1\"></span>e cas, les actifs transf\u00e9r\u00e9s ne sont pas d\u00e9comptabilis\u00e9s. Passifs financiers Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise un passif financier d\u00e8s lors que leurs obligations contr<span class=\"_ _1\"></span>actuelles sont supprim\u00e9es,<span class=\"_ _8\"></span> annul\u00e9es ou \u00e9chues. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9comptabilise \u00e9galement un passif financier lorsque ses conditions sont modifi\u00e9es et que les flux de tr\u00e9sorerie du pas<span class=\"_ _1\"></span>sif modifi\u00e9 sont sensiblement diff\u00e9rents, auquel cas un nouv<span class=\"_ _1\"></span>eau passif<span class=\"_ _8\"></span> financier bas\u00e9 sur les conditions modifi\u00e9es est c<span class=\"_ _1\"></span>omptabilis\u00e9 \u00e0 la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Lors de la d\u00e9comptabilisation d'un pas<span class=\"_ _1\"></span>sif financier<span class=\"_ _1\"></span>, la diff\u00e9renc<span class=\"_ _1\"></span>e entre la valeur c<span class=\"_ _1\"></span>omptable \u00e9teinte et la contr<span class=\"_ _1\"></span>epartie pay\u00e9e (y c<span class=\"_ _1\"></span>ompris les actifs non mon\u00e9taires transf\u00e9r\u00e9s ou les pas<span class=\"_ _1\"></span>sifs repris) es<span class=\"_ _1\"></span>t comptabilis\u00e9e en r\u00e9sultat net. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-118-7": {
   "value": "D<span class=\"_ _1\"></span>. Compensation Les actifs financiers et les passifs financiers sont c<span class=\"_ _1\"></span>ompens\u00e9s et le montant net est pr\u00e9sent\u00e9 dans l'\u00e9tat consolid\u00e9 de la situation financi\u00e8re lorsque<span class=\"_ _1\"></span>, et seulement lorsque, Cenergy Holdings dispose actuellement d'un dr<span class=\"_ _1\"></span>oit juridiquement ex\u00e9cut<span class=\"_ _1\"></span>oire de r\u00e9gler les montants et qu'elle a l'intention soit de les r\u00e9gler sur une base nett<span class=\"_ _1\"></span>e, soit de r\u00e9aliser l'actif et de r\u00e9gler le passif simultan\u00e9ment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-8": {
   "value": "E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-9": {
   "value": "E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-10": {
   "value": "E. Instruments financiers d\u00e9riv\u00e9s et comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouverture Cener<span class=\"_ _1\"></span>gy Holdings a choisi de ne pas adopter les dispositions de la norme IFRS 9 concernant la c<span class=\"_ _1\"></span>omptabilit\u00e9 de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture et de continuer \u00e0 appliquer la norme IA<span class=\"_ _1\"></span>S 39. Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tient des instruments financiers d\u00e9riv\u00e9s destin\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture de la just<span class=\"_ _1\"></span>e valeur ou des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie. Les instruments d\u00e9riv\u00e9s serv<span class=\"_ _1\"></span>ent \u00e0 couvrir les risques d\u00e9coulant des v<span class=\"_ _1\"></span>ariations<span class=\"_ _8\"></span> de prix des m\u00e9taux, les fluctuations des cours de change et les v<span class=\"_ _1\"></span>ariations des taux d\u2019int\u00e9r\u00eat des emprunts.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont \u00e9v<span class=\"_ _1\"></span>alu\u00e9s initialement \u00e0 la juste v<span class=\"_ _1\"></span>aleur ; les co\u00fbts de transaction dir<span class=\"_ _1\"></span>ectement attribuables sont comptabilis\u00e9s en r\u00e9sultat lorsqu\u2019ils sont engag\u00e9s. Apr\u00e8s leur c<span class=\"_ _1\"></span>omptabilisation initiale, les instruments d\u00e9riv\u00e9s sont \u00e9valu\u00e9s \u00e0 la jus<span class=\"_ _1\"></span>te valeur et les v<span class=\"_ _1\"></span>ariations inh\u00e9rentes sont g\u00e9n\u00e9r<span class=\"_ _1\"></span>alement comptabilis\u00e9es en r\u00e9sultat, \u00e0 moins que l\u2019instrument ne soit r\u00e9pertori\u00e9 c<span class=\"_ _1\"></span>omme couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie. Couvertur<span class=\"_ _1\"></span>e de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de la jus<span class=\"_ _1\"></span>te<span class=\"_ _8\"></span> valeur sont c<span class=\"_ _1\"></span>omptabilis\u00e9es dans le compte de r\u00e9sultat c<span class=\"_ _1\"></span>onsolid\u00e9, tout comme les varia<span class=\"_ _1\"></span>tions de la juste valeur des actifs ou passifs couv<span class=\"_ _1\"></span>erts attribuables aux risques couv<span class=\"_ _1\"></span>erts. Couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La partie efficace de la v<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur des d\u00e9riv\u00e9s d\u00e9sign\u00e9s en tant que couvertur<span class=\"_ _1\"></span>e de flux de tr\u00e9sorerie est comptabilis\u00e9e dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global dans la rubrique \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb. T<span class=\"_ _0\"></span>oute partie inefficace est imm\u00e9diat<span class=\"_ _1\"></span>ement comptabilis\u00e9e en r\u00e9sultat. Les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont r<span class=\"_ _1\"></span>eclass\u00e9s dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats lorsque les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts affectent le r\u00e9sultat net. Lorsqu'un \u00e9l\u00e9ment de couv<span class=\"_ _1\"></span>erture arriv<span class=\"_ _1\"></span>e \u00e0 \u00e9ch\u00e9ance ou est v<span class=\"_ _1\"></span>endu ou lorsque la couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8res de la c<span class=\"_ _1\"></span>omptabilit\u00e9 de couvertur<span class=\"_ _1\"></span>e, la comptabilit\u00e9 de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e est abandonn\u00e9e de mani\u00e8re pr<span class=\"_ _1\"></span>ospective, les montants enregis<span class=\"_ _1\"></span>tr\u00e9s dans la \u00ab R\u00e9serve de couv<span class=\"_ _1\"></span>erture \u00bb, les pr<span class=\"_ _1\"></span>ofits et les pertes comptabilis\u00e9s dans le post<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> \u00ab Capitaux propr<span class=\"_ _1\"></span>es \u00bb rest<span class=\"_ _1\"></span>ent en tant que r\u00e9serve et sont r<span class=\"_ _1\"></span>eclass\u00e9s en r\u00e9sultat (perte ou gain) lorsque l\u2019<span class=\"_ _1\"></span>actif couvert influe sur le r\u00e9sultat. En cas de couv<span class=\"_ _1\"></span>erture d'une tr<span class=\"_ _1\"></span>ansaction future pr\u00e9vue qui ne de<span class=\"_ _1\"></span>vrait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couv<span class=\"_ _1\"></span>erture \u00bb sont reclas<span class=\"_ _1\"></span>s\u00e9s en r\u00e9sultat.<span class=\"_ _8\"></span> Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au d\u00e9but (prospectiv<span class=\"_ _1\"></span>ement) en compar<span class=\"_ _1\"></span>ant les termes critiques de l\u2019instrument de couv<span class=\"_ _1\"></span>erture a<span class=\"_ _1\"></span>vec les termes critiques de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert, puis, \u00e0 chaque date de cl\u00f4tur<span class=\"_ _1\"></span>e (r\u00e9trospectivement), l'efficacit\u00e9 des c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de flux de<span class=\"_ _8\"></span> tr\u00e9sorerie es<span class=\"_ _1\"></span>t examin\u00e9e en appliquant la m\u00e9thode de c<span class=\"_ _1\"></span>ompensation en dollars sur une base cumulative. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-121-4": {
   "value": "5.<span class=\"_ _1\"></span>16 Capital social<span class=\"_ _8\"></span> Les capitaux pr<span class=\"_ _1\"></span>opres se composent d\u2019<span class=\"_ _1\"></span>actions ordinaires. Les co\u00fbts additionnels dir<span class=\"_ _1\"></span>ectement attribuables \u00e0 l\u2019\u00e9mission d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es sont comptabilis\u00e9s en d\u00e9duction des capitaux propr<span class=\"_ _1\"></span>es. L<span class=\"_ _1\"></span>\u2019imp\u00f4t sur le r\u00e9sultat li\u00e9 aux co\u00fbts de transaction d\u2019une tr<span class=\"_ _1\"></span>ansaction sur les capitaux propr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> est comptabilis\u00e9 en capitaux pr<span class=\"_ _1\"></span>opres (<span class=\"_ _1\"></span>cf<span class=\"_ _1\"></span>. note 5.7). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-123-3": {
   "value": "5.<span class=\"_ _1\"></span>18 R\u00e9sultat par action Cener<span class=\"_ _1\"></span>gy Holdings pr\u00e9sente un r\u00e9sultat par action simple et un r\u00e9sultat par action dilu\u00e9. Le r\u00e9sultat par action simple est calcul\u00e9 en divisant le r\u00e9sultat net attribuable aux d\u00e9t<span class=\"_ _1\"></span>enteurs d\u2019actions or<span class=\"_ _1\"></span>dinaires de la Soci\u00e9t\u00e9 par le nombr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9 d\u2019actions en cir<span class=\"_ _1\"></span>culation \u00e0 chaque p\u00e9riode. Le r\u00e9sultat par action dilu\u00e9 est d\u00e9fini en c<span class=\"_ _1\"></span>orrigeant le r\u00e9sultat attribuable aux d\u00e9tenteurs d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es de la<span class=\"_ _8\"></span> Soci\u00e9t\u00e9 et le nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>actions en circulation de l\u2019impact d\u2019une \u00e9v<span class=\"_ _1\"></span>entuelle conv<span class=\"_ _1\"></span>ersion de toutes les obligations con<span class=\"_ _1\"></span>vertibles et st<span class=\"_ _1\"></span>ock-options distribu\u00e9es au personnel. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-124-2": {
   "value": "5.<span class=\"_ _1\"></span>19 R\u00e9sultat op\u00e9rationnel Le r\u00e9sultat op\u00e9r<span class=\"_ _1\"></span>ationnel est le r\u00e9sultat g\u00e9n\u00e9r\u00e9 par les activit\u00e9s principales g\u00e9n\u00e9ra<span class=\"_ _1\"></span>trices de re<span class=\"_ _1\"></span>venus de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings ainsi que les autres r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges li\u00e9s aux activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles. Le r\u00e9sultat op\u00e9ra<span class=\"_ _1\"></span>tionnel ex<span class=\"_ _1\"></span>clut les<span class=\"_ _8\"></span> co\u00fbts financiers nets, la quote-part du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s mises en \u00e9quivalence et l\u2019imp\u00f4t sur le r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> 7<span class=\"_ _0\"></span>. Chiffre d'aff<span class=\"_ _1\"></span>aires A. Principales m\u00e9thodes comptables Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur la base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client, \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>clusion des sommes per\u00e7ues pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la v<span class=\"_ _1\"></span>ente lorsqu'elle transf\u00e8r<span class=\"_ _1\"></span>e le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. Pour la m\u00e9thode comptable d\u00e9taill\u00e9e, v<span class=\"_ _1\"></span>oir la note 5.3. B. Nature des biens et servic<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Projets de tubes d\u2019acier Corinth Pipe<span class=\"_ _1\"></span>works produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s principalement des<span class=\"_ _1\"></span>tin\u00e9s aux pipelines onshore et offshore pour le tr<span class=\"_ _1\"></span>ansport du p\u00e9trole, du gaz et de l\u2019h<span class=\"_ _1\"></span>ydr<span class=\"_ _1\"></span>og\u00e8ne, ainsi que du CSC (captur<span class=\"_ _1\"></span>e et stockage du carbone<span class=\"_ _1\"></span>)<span class=\"_ _8\"></span> et des tubes de for<span class=\"_ _1\"></span>age. Conform\u00e9ment aux clauses des contr<span class=\"_ _1\"></span>ats et en raison du degr\u00e9 \u00e9le<span class=\"_ _1\"></span>v\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du<span class=\"_ _8\"></span> cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la dat<span class=\"_ _1\"></span>e consid\u00e9r\u00e9e si le contra<span class=\"_ _1\"></span>t est r\u00e9sili\u00e9 par le client ou une autre partie pour des r<span class=\"_ _1\"></span>aisons autres que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par cons\u00e9quent, est c<span class=\"_ _1\"></span>omptabilis\u00e9 progr<span class=\"_ _1\"></span>essivement. Sections structurelles creuses Ces pr<span class=\"_ _1\"></span>oduits en acier sont principalement utilis\u00e9s dans le secteur de la construction et c<span class=\"_ _1\"></span>omme composantes structur<span class=\"_ _1\"></span>elles des constructions m\u00e9talliques. En ce qui c<span class=\"_ _1\"></span>oncerne la vent<span class=\"_ _1\"></span>e de ces produits, la v<span class=\"_ _1\"></span>ente est comptabilis\u00e9e au moment o\u00f9 le contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. Projets li\u00e9s aux c\u00e2bles Dans le segment C\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent des syst\u00e8mes de c\u00e2bles \u00ab cl\u00e9 en main \u00bb, ce qui implique la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles complets. En outr<span class=\"_ _1\"></span>e, les produits personnalis\u00e9s sont fabriqu\u00e9s pour les conne<span class=\"_ _1\"></span>xions au r\u00e9seau, les parcs \u00e9oliens offshor<span class=\"_ _1\"></span>e/<span class=\"_ _1\"></span>onshor<span class=\"_ _1\"></span>e et d\u2019autres pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> d\u2019\u00e9lectricit\u00e9. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alt<span class=\"_ _1\"></span>ernative<span class=\"_ _1\"></span>, \u00e9tant donn\u00e9 qu\u2019ils sont produits sur la base du cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la date c<span class=\"_ _1\"></span>onsid\u00e9r\u00e9e si le contrat es<span class=\"_ _1\"></span>t r\u00e9sili\u00e9 par le client ou une autre partie pour des raisons autr<span class=\"_ _1\"></span>es que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par c<span class=\"_ _1\"></span>ons\u00e9quent, est comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement. La dur\u00e9e typique d'un contr<span class=\"_ _1\"></span>at pour des projets cl\u00e9 en main d\u00e9passe 12 mois. Pour les projets cl\u00e9s en main, le Gr<span class=\"_ _1\"></span>oupe comptabilise s\u00e9par\u00e9ment les pr<span class=\"_ _1\"></span>oduits et services s'ils sont distincts - c'est -\u00e0- dir<span class=\"_ _1\"></span>e si<span class=\"_ _8\"></span> un produit ou servic<span class=\"_ _1\"></span>e est identifiable s\u00e9par\u00e9ment des autres \u00e9l\u00e9ments des c<span class=\"_ _1\"></span>ontrats et si un client peut en b\u00e9n\u00e9ficier<span class=\"_ _1\"></span>. C\u00e2bles d\u2019alimenta<span class=\"_ _1\"></span>tions et de t\u00e9l\u00e9communications Les pr<span class=\"_ _1\"></span>oduits principaux de cette cat\u00e9gorie sont les c\u00e2bles d\u2019<span class=\"_ _1\"></span>alimentations et les conducteurs a\u00e9riens destin\u00e9s aux r\u00e9seaux de distribution d'\u00e9lectricit\u00e9 des op\u00e9r<span class=\"_ _1\"></span>ateurs du secteur<span class=\"_ _1\"></span>, des servic<span class=\"_ _1\"></span>es aux collectivit\u00e9s, aux applications industrielles, aux applications d\u2019\u00e9ner<span class=\"_ _1\"></span>gie renouv<span class=\"_ _1\"></span>elable, aux r\u00e9seaux de transport ferr<span class=\"_ _1\"></span>oviair<span class=\"_ _1\"></span>e et au b\u00e2timent. Cette cat\u00e9gorie inclut \u00e9galement les c\u00e2bles de t\u00e9l\u00e9communications, de tr<span class=\"_ _1\"></span>ansmission de donn\u00e9es, les c\u00e2bles \u00e0 fibre optique et les c\u00e2bles de signalisation. En ce qui c<span class=\"_ _1\"></span>oncerne ces pr<span class=\"_ _1\"></span>oduits, la vente en est c<span class=\"_ _1\"></span>omptabilis\u00e9e au moment o\u00f9 le<span class=\"_ _8\"></span> contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. C. V<span class=\"_ _1\"></span>entilation du chiffr<span class=\"_ _1\"></span>e d\u2019affaires Au tableau suiv<span class=\"_ _1\"></span>ant, le chiffre d'affair<span class=\"_ _1\"></span>es est ventil\u00e9 par mar<span class=\"_ _1\"></span>ch\u00e9 g\u00e9ographique primair<span class=\"_ _1\"></span>e, lignes principales de produits et services ainsi que le moment de cons<span class=\"_ _1\"></span>tatation de la vent<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le tableau compr<span class=\"_ _1\"></span>end un rappr<span class=\"_ _1\"></span>ochement av<span class=\"_ _1\"></span>ec les segments d\u00e9finis du Groupe (v<span class=\"_ _1\"></span>oir note 6) :<span class=\"_ _8\"></span> March\u00e9s g\u00e9ogr<span class=\"_ _1\"></span>aphiques primaires<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _67\"> </span>2022 <span class=\"_ _80\"> </span>2021 Gr\u00e8ce <span class=\"_ _eb\"> </span>38.620 <span class=\"_ _80\"> </span>21.5<span class=\"_ _1\"></span>70 <span class=\"_ _69\"> </span>396.958 <span class=\"_ _ec\"> </span>332.088 <span class=\"_ _28\"> </span>435.5<span class=\"_ _1\"></span>78 <span class=\"_ _6c\"> </span>353.658 Autres pa<span class=\"_ _1\"></span>ys de l'Union europ\u00e9enne <span class=\"_ _ed\"> </span>128.09<span class=\"_ _1\"></span>7 <span class=\"_ _90\"> </span>134.361 <span class=\"_ _90\"> </span>298.491 <span class=\"_ _a9\"> </span>290.82<span class=\"_ _1\"></span>4 <span class=\"_ _85\"> </span>426.587 <span class=\"_ _ac\"> </span>425.185 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _ee\"> </span>28.644 <span class=\"_ _ef\"> </span>16.360 <span class=\"_ _90\"> </span>148.854 <span class=\"_ _a8\"> </span>105.366 <span class=\"_ _b3\"> </span>177<span class=\"_ _1\"></span>.498 <span class=\"_ _a6\"> </span>121.725 Etats-Unis <span class=\"_ _f0\"> </span>253.255 <span class=\"_ _80\"> </span>16.7<span class=\"_ _1\"></span>92 <span class=\"_ _4f\"> </span>9.555 <span class=\"_ _9f\"> </span>8.683 <span class=\"_ _8b\"> </span>262.810 <span class=\"_ _5f\"> </span>25.4<span class=\"_ _1\"></span>75 Reste du monde <span class=\"_ _f1\"> </span>13.004 <span class=\"_ _7e\"> </span>40.830 <span class=\"_ _1f\"> </span>110.531 <span class=\"_ _88\"> </span>87<span class=\"_ _1\"></span>.330 <span class=\"_ _b3\"> </span>123.535 <span class=\"_ _29\"> </span>128.160  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2c\"> </span>1.426.008 <span class=\"_ _f3\"> </span>1.054.203Principales lignes de produits et services<span class=\"_ _8\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _f4\"> </span>2022 <span class=\"_ _b1\"> </span>2021 Projets de tubes d\u2019<span class=\"_ _1\"></span>acier <span class=\"_ _f5\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _a9\"> </span>375.8<span class=\"_ _1\"></span>70 <span class=\"_ _ec\"> </span>142.234 Sections structurelles cr<span class=\"_ _1\"></span>euses <span class=\"_ _f8\"> </span>57<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>136 <span class=\"_ _80\"> </span>61.477 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _90\"> </span>57<span class=\"_ _0\"></span>.136 <span class=\"_ _69\"> </span>61.4<span class=\"_ _1\"></span>77 Projets li\u00e9s aux c\u00e2bles <span class=\"_ _f9\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7e\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79 <span class=\"_ _5f\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a9\"> </span>273.57<span class=\"_ _1\"></span>9 C\u00e2bles d\u2019alimentations et de  t\u00e9l\u00e9communications et t\u00e9l\u00e9communica<span class=\"_ _1\"></span>tion <span class=\"_ _fa\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7d\"> </span>56<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.519 <span class=\"_ _a9\"> </span>442.825 <span class=\"_ _b3\"> </span>567<span class=\"_ _0\"></span>.519 <span class=\"_ _6c\"> </span>442.825 Autres (fils, ma<span class=\"_ _1\"></span>ti\u00e8res premi\u00e8r<span class=\"_ _1\"></span>es,  marchandises, et<span class=\"_ _1\"></span>c.) <span class=\"_ _fb\"> </span>28.614 <span class=\"_ _53\"> </span>26.202 <span class=\"_ _8d\"> </span>107<span class=\"_ _0\"></span>.687 <span class=\"_ _28\"> </span>107<span class=\"_ _0\"></span>.886 <span class=\"_ _f6\"> </span>136.301 <span class=\"_ _a9\"> </span>134.088  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _fc\"> </span>1.426.008 <span class=\"_ _8a\"> </span>1.054.203Moment de la constata<span class=\"_ _1\"></span>tion des rev<span class=\"_ _1\"></span>enus<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _f4\"> </span>2021<span class=\"fc6 sc0\"> </span><span class=\"_ _62\"> </span>2022 <span class=\"_ _a3\"> </span>20<span class=\"_ _1\"></span>21 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus \u00e0 un moment donn\u00e9 <span class=\"_ _fd\"> </span>85.7<span class=\"_ _1\"></span>50 <span class=\"_ _9f\"> </span>87<span class=\"_ _0\"></span>.679 <span class=\"_ _69\"> </span>675.206 <span class=\"_ _85\"> </span>550.<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>12<span class=\"fc6 sc0\"> </span><span class=\"_ _ac\"> </span>760.956 <span class=\"_ _ac\"> </span>638.391 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus progressiv<span class=\"_ _1\"></span>ement <span class=\"_ _fe\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _8d\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79<span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span>665.<span class=\"_ _1\"></span>052 <span class=\"_ _a6\"> </span>415.813  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2d\"> </span>1.426.008 <span class=\"_ _52\"> </span>1.054.203Le chiffr<span class=\"_ _1\"></span>e d'affaires a augment\u00e9 de 35 % en glis<span class=\"_ _1\"></span>sement annuel pour atteindre 1.<span class=\"_ _1\"></span>426 millions d'euros. T<span class=\"_ _0\"></span>outes les usines de c\u00e2bles ont fonctionn\u00e9 \u00e0 une capacit\u00e9 de pr<span class=\"_ _1\"></span>oduction proche de la pleine capacit\u00e9 tout au long de l'ann\u00e9e, c<span class=\"_ _1\"></span>e qui<span class=\"_ _8\"></span> a permis d\u2019augment<span class=\"_ _1\"></span>er les rev<span class=\"_ _1\"></span>enus du segment de 17 % (+6 % dans les projets de c\u00e2bles et +28 % dans les pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> d\u2019alimentations et de t\u00e9l\u00e9c<span class=\"_ _1\"></span>ommunications), tandis que les tubes d\u2019acier ont plus que doubl\u00e9 leur chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es par rapport \u00e0 20<span class=\"_ _1\"></span>21. Dans le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, envir<span class=\"_ _1\"></span>on les deux tiers de la variation des v<span class=\"_ _1\"></span>entes sont attribuables \u00e0 une augmentation du v<span class=\"_ _1\"></span>olume des ventes, tandis que le r<span class=\"_ _1\"></span>este est at<span class=\"_ _1\"></span>tribuable \u00e0 l'effet de l'augmentation des prix de l'acier (le prix moy<span class=\"_ _1\"></span>en de l'acier en 2022 \u00e9tait sup\u00e9rieur de 22 % \u00e0 celui de 20<span class=\"_ _1\"></span>21).<span class=\"_ _8\"></span> Le chiffr<span class=\"_ _1\"></span>e d'affaires qui de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 \u00e0 l'av<span class=\"_ _1\"></span>enir pour les obligations de prestation qui ne sont pas remplies (<span class=\"_ _1\"></span>ou que partiellement remplies<span class=\"_ _1\"></span>) \u00e0 la date de cl\u00f4ture s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 525,6 millions d'eur<span class=\"_ _1\"></span>os. Un montant de 463,4 millions d'euros de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 au cours de l'ann\u00e9e 2023, tandis que le montant de 62,2 millions d'eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait \u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9 au cours des p\u00e9riodes \u00e0 partir de 2024 sur la base des calendriers inclus dans les c<span class=\"_ _1\"></span>ontrats ouverts au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, dont les dur\u00e9es initiales pr\u00e9vues d\u00e9pas<span class=\"_ _1\"></span>saient un an et la comptabilisation des vent<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait d\u00e9but\u00e9 en 2022 ou lors de p\u00e9riodes ant\u00e9rieures. D<span class=\"_ _1\"></span>. Soldes des contrats Le tableau suiv<span class=\"_ _1\"></span>ant fournit des informations sur les actifs et passifs sur c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ff\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _21\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _100\"> </span>195.481 <span class=\"_ _101\"> </span>98.217 Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _102\"> </span>118.669 <span class=\"_ _c0\"> </span>35.898 Parmi lesquels : passifs sur c<span class=\"_ _1\"></span>ontrats \u00e0 long terme <span class=\"_ _103\"> </span>9.<span class=\"_ _1\"></span>889 <span class=\"_ _c6\"> </span>9.<span class=\"_ _1\"></span>889Les v<span class=\"_ _1\"></span>ariations importantes des actifs et passifs sur contr<span class=\"_ _1\"></span>ats au cours de la p\u00e9riode se pr\u00e9sentent c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _104\"> </span>Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _5b\"> </span>Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _105\"> </span>2022 2021 <span class=\"_ _52\"> </span>2022 <span class=\"_ _106\"> </span>2021 Solde d'ouvertur<span class=\"_ _1\"></span>e <span class=\"_ _107\"> </span>98.217 <span class=\"_ _108\"> </span>64.875 <span class=\"_ _71\"> </span>3<span class=\"_ _1\"></span>5.898 <span class=\"_ _4f\"> </span>40<span class=\"_ _1\"></span>.085 Rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s qui \u00e9taient inclus dans le  solde des passifs sur contr<span class=\"_ _1\"></span>ats \u00e0 l'ouvertur<span class=\"_ _1\"></span>e de la p\u00e9riode <span class=\"_ _b7\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _21\"> </span>(24.223) <span class=\"_ _86\"> </span>(19.<span class=\"_ _1\"></span>727) Augmentations dues \u00e0 l'encaissement, \u00e0 l'e<span class=\"_ _1\"></span>xclusion des  montants comptabilis\u00e9s en r<span class=\"_ _1\"></span>evenus au c<span class=\"_ _1\"></span>ours de la p\u00e9riode <span class=\"_ _10a\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _4f\"> </span>106.994 <span class=\"_ _34\"> </span>15.542 T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansferts des actifs sur contr<span class=\"_ _1\"></span>at comptabilis\u00e9s au  d\u00e9but de la p\u00e9riode vers les cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _10b\"> </span>(69.<span class=\"_ _1\"></span>171) <span class=\"_ _ef\"> </span>(57<span class=\"_ _0\"></span>.268) <span class=\"_ _e8\"> </span>-  <span class=\"_ _5c\"> </span>-  Augmentations r\u00e9sultant de changements dans  la mesure du pr<span class=\"_ _1\"></span>ogr\u00e8s <span class=\"_ _e7\"> </span>166.<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>4 <span class=\"_ _86\"> </span>90.784 <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Ecarts de change <span class=\"_ _10c\"> </span>(454) <span class=\"_ _99\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _10d\"> </span>(2) Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _8e\"> </span>(12) <span class=\"_ _10e\"> </span>(175) <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _10f\"> </span>127 <span class=\"_ _99\"> </span>-  <span class=\"_ _110\"> </span>-  <span class=\"_ _5c\"> </span>-  Solde de cl\u00f4ture <span class=\"_ _111\"> </span>195.481 <span class=\"_ _112\"> </span>98.217 <span class=\"_ _113\"> </span>118.669 <span class=\"_ _44\"> </span>35.898Les actifs sur contr<span class=\"_ _1\"></span>ats ont augment\u00e9 de 97<span class=\"_ _0\"></span>,3 millions d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021. C<span class=\"_ _1\"></span>ette augmentation est attribu\u00e9e \u00e0 la f<span class=\"_ _1\"></span>ois au segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier (38,8 millions d\u2019eur<span class=\"_ _1\"></span>os) en r<span class=\"_ _1\"></span>aison de la croissance des activit\u00e9s li\u00e9es aux projets et au segment C\u00e2bles (58,5 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os) en raison du calendrier de f<span class=\"_ _1\"></span>acturation des pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> sp\u00e9cifiques en cours pour lesquels la pr<span class=\"_ _1\"></span>oduction a commenc\u00e9 au cours du deuxi\u00e8me semestr<span class=\"_ _1\"></span>e de l\u2019ann\u00e9e. Les passifs sur c<span class=\"_ _1\"></span>ontrat se r<span class=\"_ _1\"></span>apportent essentiellement \u00e0 l\u2019a<span class=\"_ _1\"></span>vance de c<span class=\"_ _1\"></span>ontrepartie re\u00e7ue de la part de clients pour la fabrication de pr<span class=\"_ _1\"></span>oduits sur mesure ou de pr<span class=\"_ _1\"></span>ojets d\u2019\u00e9nergie dont le chiffre d\u2019<span class=\"_ _1\"></span>affair<span class=\"_ _1\"></span>es est comptabilis\u00e9 progr<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>ement. Les passifs sur contr<span class=\"_ _1\"></span>at qui devr<span class=\"_ _1\"></span>aient \u00eatre r\u00e9gl\u00e9s dans un d\u00e9lai de plus d'un an sont class\u00e9s comme passifs non cour<span class=\"_ _1\"></span>ants (9.889 milliers d'eur<span class=\"_ _1\"></span>os au 31 d\u00e9cembre 2021). L<span class=\"_ _1\"></span>e passif sur contra<span class=\"_ _1\"></span>t a augment\u00e9 de 82,5 millions<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021, principalement en r<span class=\"_ _1\"></span>aison des acomptes r<span class=\"_ _1\"></span>e\u00e7us \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice pour l\u2019<span class=\"_ _1\"></span>ex\u00e9cution de pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques de tubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> E. Co\u00fbts des contr<span class=\"_ _1\"></span>ats La Direction s'at<span class=\"_ _1\"></span>tend \u00e0 ce que les char<span class=\"_ _1\"></span>ges, commissions et autres fr<span class=\"_ _1\"></span>ais associ\u00e9s \u00e0 l'obtention de c<span class=\"_ _1\"></span>ontrats pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie soient rec<span class=\"_ _1\"></span>ouvrables. Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 les frais engag\u00e9s pour l'obt<span class=\"_ _1\"></span>ention d'un<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>at de 236 milliers d\u2019<span class=\"_ _1\"></span>euros comme fr<span class=\"_ _1\"></span>ais contractuels au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 389 milliers d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> En outre<span class=\"_ _1\"></span>, les co\u00fbts pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat sont capitalis\u00e9s s'ils sont dir<span class=\"_ _1\"></span>ectement associ\u00e9s au contr<span class=\"_ _1\"></span>at et<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables. Ces c<span class=\"_ _1\"></span>o\u00fbts de contrats peuv<span class=\"_ _1\"></span>ent inclure les mat\u00e9riaux utilis\u00e9s pour les t<span class=\"_ _1\"></span>ests n\u00e9cessair<span class=\"_ _1\"></span>es \u00e0 la production, les co\u00fbts de main-d'\u0153uvr<span class=\"_ _1\"></span>e, les frais d'assur<span class=\"_ _1\"></span>ance et autr<span class=\"_ _1\"></span>es co\u00fbts n\u00e9cessair<span class=\"_ _1\"></span>es pour remplir les obligations de pres<span class=\"_ _1\"></span>tation d'un contrat une f<span class=\"_ _1\"></span>ois qu'il est obtenu, mais av<span class=\"_ _1\"></span>ant de transf\u00e9r<span class=\"_ _1\"></span>er le contr\u00f4le des biens ou de rendr<span class=\"_ _1\"></span>e des services au client. Les fr<span class=\"_ _1\"></span>ais engag\u00e9s pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat les 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021 \u00e9taient nuls. Par cons\u00e9quent, le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 comme c<span class=\"_ _1\"></span>o\u00fbts des contrats un montant de 236 milliers d'euros, dont un montant de 222 milliers d'eur<span class=\"_ _1\"></span>os est class\u00e9 comme actifs non c<span class=\"_ _1\"></span>ourants. Les co\u00fbts des c<span class=\"_ _1\"></span>ontrats li\u00e9s \u00e0 l'obtention ou \u00e0 l'e<span class=\"_ _1\"></span>x\u00e9cution d'un contr<span class=\"_ _1\"></span>at sont pass\u00e9s en charges du c<span class=\"_ _1\"></span>o\u00fbt des ventes lorsque les produits c<span class=\"_ _1\"></span>orrespondants sont comptabilis\u00e9s. En 20<span class=\"_ _1\"></span>22, il n'y a pas eu de perte de valeur li\u00e9e aux co\u00fbts des contr<span class=\"_ _1\"></span>ats.<span class=\"_ _8\"></span> F<span class=\"_ _0\"></span>. Jugements essentiels dans la comptabilisation du chiffre d\u2019<span class=\"_ _1\"></span>affaires Lors de la comptabilisation du chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de pres<span class=\"_ _1\"></span>tation, l'identification des obligations de pres<span class=\"_ _1\"></span>tation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de pr<span class=\"_ _1\"></span>estation. Les estimations les plus significativ<span class=\"_ _1\"></span>es sont d\u00e9crites ci-dessous : \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats incluant plusieurs obligations de pr<span class=\"_ _1\"></span>estation se r<span class=\"_ _1\"></span>etrouv<span class=\"_ _1\"></span>ent principalement dans le segment C\u00e2bles,<span class=\"_ _8\"></span> concernant des pr<span class=\"_ _1\"></span>ojets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, c<span class=\"_ _1\"></span>omme d\u00e9crit dans<span class=\"_ _8\"></span> la note 7<span class=\"_ _0\"></span>.B et la note 5.3. Dans ces cas, le t<span class=\"_ _1\"></span>otal du prix de l\u2019op\u00e9r<span class=\"_ _1\"></span>ation est allou\u00e9 \u00e0 ces obligations de pr<span class=\"_ _1\"></span>estation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou servic<span class=\"_ _1\"></span>es promis, livr\u00e9 de fa\u00e7on isol\u00e9e<span class=\"_ _1\"></span>. Si ces biens et services ne sont pas v<span class=\"_ _1\"></span>endus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus mar<span class=\"_ _1\"></span>ge \u00bb est adopt\u00e9e. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus pro<span class=\"_ _1\"></span>venant de la f<span class=\"_ _1\"></span>abrication de produits sur mesur<span class=\"_ _1\"></span>e pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie sont comptabilis\u00e9s au<span class=\"_ _8\"></span> fur et \u00e0 mesure<span class=\"_ _1\"></span>. Dans de tels projets, les c<span class=\"_ _1\"></span>ontrats sign\u00e9s par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings comprennent deux engagements : \u2022 <span class=\"_ _20\"> </span>pr<span class=\"_ _1\"></span>oduire des pr<span class=\"_ _1\"></span>oduits sur mesure en fonction des sp\u00e9cifications des clients et \u2022 <span class=\"_ _20\"> </span>tr<span class=\"_ _1\"></span>ansporter ces pr<span class=\"_ _1\"></span>oduits sur le site du client.  <span class=\"_ _6c\"> </span>Dans de t<span class=\"_ _1\"></span>els cas, le transport est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une obligation de prestation dis<span class=\"_ _1\"></span>tincte, car les deux crit\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9nonc\u00e9s dans IFRS 15.27 sont r<span class=\"_ _1\"></span>emplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport off<span class=\"_ _1\"></span>ert et que la<span class=\"_ _8\"></span> promes<span class=\"_ _1\"></span>se de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de c<span class=\"_ _1\"></span>es produits personnalis\u00e9s.  <span class=\"_ _6c\"> </span>Le chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es pour les commandes de produits standar<span class=\"_ _1\"></span>dis\u00e9s (sections structur<span class=\"_ _1\"></span>elles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s<span class=\"_ _1\"></span>) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'es<span class=\"_ _1\"></span>t pas consid\u00e9r\u00e9 comme une obligation de pr<span class=\"_ _1\"></span>estation distincte, puisque le deuxi\u00e8me crit\u00e8r<span class=\"_ _1\"></span>e de la norme IFRS 15.27 n'est pas r<span class=\"_ _1\"></span>espect\u00e9.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>ertains contrats a<span class=\"_ _1\"></span>vec des clients impliquent un c<span class=\"_ _1\"></span>o\u00fbt de transaction variable<span class=\"_ _1\"></span>, car ils incluent une remise sur le volume ou une r<span class=\"_ _1\"></span>emise commer<span class=\"_ _1\"></span>ciale bas\u00e9e sur le total des vent<span class=\"_ _1\"></span>es au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le pr<span class=\"_ _1\"></span>oduit est comptabilis\u00e9 en fonction des v<span class=\"_ _1\"></span>entes pr\u00e9vues au client tout au long de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice, \u00e0 mesure que c<span class=\"_ _1\"></span>es ventes sont r\u00e9alis\u00e9es et que de nouv<span class=\"_ _1\"></span>elles commandes sont r<span class=\"_ _1\"></span>e\u00e7ues et dans la mesure o\u00f9 il est hautement pr<span class=\"_ _1\"></span>obable qu\u2019il ne sera pas n\u00e9ces<span class=\"_ _1\"></span>saire de proc\u00e9der \u00e0 une r<span class=\"_ _1\"></span>eprise significative du montant cumul\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires. 8. Produits et char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span> A. Autres pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Subv<span class=\"_ _1\"></span>entions gouvernementales <span class=\"_ _118\"> </span> <span class=\"_ _81\"> </span>133 <span class=\"_ _119\"> </span>4<span class=\"_ _1\"></span>77 Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements <span class=\"_ _11a\"> </span> <span class=\"_ _117\"> </span>667 <span class=\"_ _119\"> </span>529 Produits d'honor<span class=\"_ _1\"></span>aires, commissions et fr<span class=\"_ _1\"></span>ais refactur\u00e9s <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>3.57<span class=\"_ _1\"></span>5 <span class=\"_ _11d\"> </span>4.406 Indemnit\u00e9s et produits des sinistr<span class=\"_ _1\"></span>es <span class=\"_ _11e\"> </span> <span class=\"_ _d3\"> </span>24 <span class=\"_ _11f\"> </span>168 Indemnisation de la compagnie d'assur<span class=\"_ _1\"></span>ance pour  dommages li\u00e9s au contr<span class=\"_ _1\"></span>at avec le client <span class=\"_ _120\"> </span> <span class=\"_ _121\"> </span>280 <span class=\"_ _122\"> </span>- Gain sur cession d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _123\"> </span> <span class=\"_ _124\"> </span>341 <span class=\"_ _125\"> </span>8 Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _f1\"> </span>28 <span class=\"_ _df\"> </span>1.17<span class=\"_ _0\"></span>4 <span class=\"_ _d3\"> </span>728 Autres <span class=\"_ _126\"> </span> <span class=\"_ _117\"> </span>586 <span class=\"_ _119\"> </span>82<span class=\"_ _1\"></span>4 Autres pr<span class=\"_ _1\"></span>oduits <span class=\"_ _127\"> </span> <span class=\"_ _128\"> </span>6.780 <span class=\"_ _129\"> </span>7<span class=\"_ _0\"></span>.14<span class=\"_ _1\"></span>1La ligne \u00ab subv<span class=\"_ _1\"></span>entions gouvernementales \u00bb en 20<span class=\"_ _1\"></span>21 inclut un montant de 459 milliers d\u2019eur<span class=\"_ _1\"></span>os li\u00e9 aux all\u00e9gements pr\u00e9vus par la l\u00e9gislation locale \u00e0 la suite des mesur<span class=\"_ _1\"></span>es prises en raison de la pand\u00e9mie du cor<span class=\"_ _1\"></span>onavirus. B. Autres char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Pertes suite \u00e0 la r<span class=\"_ _1\"></span>adiation d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _109\"> </span>17 <span class=\"_ _12a\"> </span>(53) <span class=\"_ _12b\"> </span>(14) Perte due \u00e0 la mise au r<span class=\"_ _1\"></span>ebut de biens, installations et \u00e9quipements <span class=\"_ _ec\"> </span> <span class=\"_ _12c\"> </span>(1) <span class=\"_ _122\"> </span>- D\u00e9penses rechar<span class=\"_ _1\"></span>g\u00e9es <span class=\"_ _12d\"> </span> <span class=\"_ _c0\"> </span>(2.830) <span class=\"_ _12e\"> </span>(4.044) Indemnit\u00e9s et r\u00e9clamations <span class=\"_ _12f\"> </span> <span class=\"_ _130\"> </span>- <span class=\"_ _81\"> </span>(32) Indemnisation des dommages au client <span class=\"_ _131\"> </span> <span class=\"_ _132\"> </span>(515) <span class=\"_ _122\"> </span>- Autres sanctions <span class=\"_ _10c\"> </span> <span class=\"_ _116\"> </span>(180) <span class=\"_ _133\"> </span>(319) Pro<span class=\"_ _1\"></span>vision relativ<span class=\"_ _1\"></span>e aux droits antidumping <span class=\"_ _134\"> </span>29 <span class=\"_ _130\"> </span>-  <span class=\"_ _135\"> </span>(12.842) Co\u00fbts marginaux du c<span class=\"_ _1\"></span>oronavirus <span class=\"_ _136\"> </span> <span class=\"_ _132\"> </span>(4<span class=\"_ _1\"></span>12) <span class=\"_ _137\"> </span>(669) Perte li\u00e9e \u00e0 la ces<span class=\"_ _1\"></span>sion d\u2019une entreprise associ\u00e9e <span class=\"_ _d5\"> </span>21 <span class=\"_ _dc\"> </span>(156) <span class=\"_ _122\"> </span>- D\u00e9pr\u00e9ciation de biens, d\u2019installations et d\u2019\u00e9quipements <span class=\"_ _fd\"> </span>17 <span class=\"_ _12e\"> </span>(1.222) <span class=\"_ _122\"> </span>- Autres <span class=\"_ _126\"> </span> <span class=\"_ _12e\"> </span>(1.375) <span class=\"_ _133\"> </span>(613) Autres charges <span class=\"_ _138\"> </span> <span class=\"_ _e9\"> </span>(6.7<span class=\"_ _0\"></span>45) <span class=\"_ _be\"> </span>(18.534)En 2013, Corinth Pipe<span class=\"_ _1\"></span>works a fabriqu\u00e9 et f<span class=\"_ _1\"></span>ourni des tubes d\u2019acier pour un pipeline en Fr<span class=\"_ _1\"></span>ance. En 2015, le client fran\u00e7ais a d\u00e9pos\u00e9 une r\u00e9clamation de qualit\u00e9 c<span class=\"_ _1\"></span>ontre Corinth Pipe<span class=\"_ _1\"></span>works, ses assur<span class=\"_ _1\"></span>eurs et les sous-traitants char<span class=\"_ _1\"></span>g\u00e9s<span class=\"_ _8\"></span> du soudage du pipeline. Le tribunal de c<span class=\"_ _1\"></span>ommerce de Paris a r<span class=\"_ _1\"></span>endu sa d\u00e9cision le 7 juillet 2022 et a d\u00e9cid\u00e9 que Corinth Pipe<span class=\"_ _1\"></span>works dev<span class=\"_ _1\"></span>ait \u00eatre t<span class=\"_ _1\"></span>enue pour responsable des d\u00e9fauts lat<span class=\"_ _1\"></span>ents affectant les tubes d\u2019acier qu\u2019il a livr\u00e9s \u00e0 son client fran\u00e7ais, mais que c<span class=\"_ _1\"></span>e dernier \u00e9tait \u00e9galement responsable de sa pr<span class=\"_ _1\"></span>opre perte. P<span class=\"_ _1\"></span>ar cons\u00e9quent, \u00e9tant<span class=\"_ _8\"></span> donn\u00e9 que les vent<span class=\"_ _1\"></span>es en 2013 \u00e9taient enti\u00e8rement assur\u00e9es, C<span class=\"_ _1\"></span>orinth Pipew<span class=\"_ _1\"></span>orks a enregistr\u00e9 une dette de 515 milliers d\u2019<span class=\"_ _1\"></span>euros en 2022 (incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab indemnisation des dommages au client \u00bb)<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondant \u00e0 son exposition maximale pour cett<span class=\"_ _1\"></span>e r\u00e9clamation sp\u00e9cifique, alors qu\u2019un re<span class=\"_ _1\"></span>venu de 280 milliers d\u2019<span class=\"_ _1\"></span>euros (inclus dans la ligne \u00abautr<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus\u00bb) a \u00e9t\u00e9 enregis<span class=\"_ _1\"></span>tr\u00e9 lorsqu\u2019une indemnit\u00e9 \u00e9quivalente a \u00e9t\u00e9 r<span class=\"_ _1\"></span>e\u00e7ue d\u2019une<span class=\"_ _8\"></span> compagnie d\u2019<span class=\"_ _1\"></span>assurance pour c<span class=\"_ _1\"></span>e dossier<span class=\"_ _1\"></span>. En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) et est incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab autres char<span class=\"_ _1\"></span>ges \u00bb<span class=\"_ _8\"></span> pour l'ann\u00e9e 2021, en ce qui c<span class=\"_ _1\"></span>oncerne les vent<span class=\"_ _1\"></span>es r\u00e9alis\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dentes. C. Charges par nature  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)L<span class=\"_ _1\"></span>\u2019augmentation des \u00ab honor<span class=\"_ _1\"></span>aires et av<span class=\"_ _1\"></span>antages pay\u00e9s \u00e0 des tiers \u00bb est attribu\u00e9e principalement \u00e0 l\u2019<span class=\"_ _1\"></span>augmentation des services de sous-tr<span class=\"_ _1\"></span>aitants li\u00e9s aux projets en 2022. L<span class=\"_ _1\"></span>\u2019augmentation es<span class=\"_ _1\"></span>t attribu\u00e9e aux deux segments, vu qu\u2019<span class=\"_ _1\"></span>en<span class=\"_ _8\"></span> 2022, le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a utilis\u00e9 des sous-tr<span class=\"_ _1\"></span>aitants pour les services de re<span class=\"_ _1\"></span>v\u00eatement dans le cadre de pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> assign\u00e9s, tandis que les services d\u2019ins<span class=\"_ _1\"></span>tallation dans le cadre de contr<span class=\"_ _1\"></span>ats cl\u00e9s en main ex\u00e9cut\u00e9s par des filiales dans le segment C\u00e2bles ont \u00e9t\u00e9 significativ<span class=\"_ _1\"></span>ement plus \u00e9lev\u00e9s qu\u2019<span class=\"_ _1\"></span>en 2021. Plus pr\u00e9cis\u00e9ment, en 2022, l\u2019installation de l\u2019inter<span class=\"_ _1\"></span>connexion sous-marine de Nax<span class=\"_ _1\"></span>os-Santorini, des inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xions moy<span class=\"_ _1\"></span>enne tension dans plusieurs sites en Gr\u00e8ce et plusieurs pr<span class=\"_ _1\"></span>ojets onshore ont \u00e9t\u00e9 entr<span class=\"_ _1\"></span>epris par des sous-traitants dans le segment C\u00e2bles. En 2021, les services d\u2019installation f<span class=\"_ _1\"></span>ournis dans le cadre de pr<span class=\"_ _1\"></span>ojets de c\u00e2bles assign\u00e9s \u00e0 des sous-traitants ont \u00e9t\u00e9 plus limit\u00e9s dans le secteur des c\u00e2bles onshor<span class=\"_ _1\"></span>e, alors qu\u2019une seule installation offshor<span class=\"_ _1\"></span>e importante a eu lieu, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e la phase finale d\u2019installation pour l\u2019inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te \u2013 P\u00e9loponn\u00e8se. La fluctuation des frais de tr<span class=\"_ _1\"></span>ansport est li\u00e9e \u00e0 la r\u00e9partition g\u00e9ogr<span class=\"_ _1\"></span>aphique des ventes et au v<span class=\"_ _1\"></span>olume des livraisons dans le segment T<span class=\"_ _0\"></span>ubes d'acier qui ont eu lieu en 2022 par rapport \u00e0 2021. C<span class=\"_ _1\"></span>omme mentionn\u00e9 \u00e0 la note 7<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>, lorsque<span class=\"_ _8\"></span> certains crit\u00e8r<span class=\"_ _1\"></span>es sont remplis, le tr<span class=\"_ _1\"></span>ansport est consid\u00e9r\u00e9 comme une obligation de perf<span class=\"_ _1\"></span>ormance distincte et les fr<span class=\"_ _1\"></span>ais<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondants sont comptabilis\u00e9s lorsque ces obligations de performanc<span class=\"_ _1\"></span>e sont remplies. Cener<span class=\"_ _1\"></span>gy Holdings inves<span class=\"_ _1\"></span>tit massivement dans la r<span class=\"_ _1\"></span>echerche et le d\u00e9v<span class=\"_ _1\"></span>eloppement afin de proposer en permanence des produits et des servic<span class=\"_ _1\"></span>es \u00e0 valeur ajout\u00e9e sur le mar<span class=\"_ _1\"></span>ch\u00e9 et de perfectionner les proces<span class=\"_ _1\"></span>sus de production, et afin de promouv<span class=\"_ _1\"></span>oir \u00e9galement le recy<span class=\"_ _1\"></span>clage des mat\u00e9riaux et l\u2019utilisation appr<span class=\"_ _1\"></span>opri\u00e9e des ressour<span class=\"_ _1\"></span>ces naturelles. L<span class=\"_ _1\"></span>e montant<span class=\"_ _8\"></span> total des d\u00e9penses de r<span class=\"_ _1\"></span>echerche et d\u00e9v<span class=\"_ _1\"></span>eloppement comptabilis\u00e9 en charges pour 2022 s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 5,5 millions d'euros (2021 : 4,0 millions d'eur<span class=\"_ _1\"></span>os). 12. Charges li\u00e9es aux a<span class=\"_ _1\"></span>vantages du personnel  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9rations et char<span class=\"_ _1\"></span>ges du personnel <span class=\"_ _162\"> </span>7<span class=\"_ _8\"></span>1.326 <span class=\"_ _13d\"> </span>58.095 D\u00e9penses de s\u00e9curit\u00e9 sociale <span class=\"_ _16c\"> </span>12.57<span class=\"_ _1\"></span>8 <span class=\"_ _17a\"> </span>9.96<span class=\"_ _1\"></span>7 R\u00e9gime \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies <span class=\"_ _17b\"> </span>942 <span class=\"_ _d5\"> </span>2.<span class=\"_ _1\"></span>130 Autre <span class=\"_ _d2\"> </span>7<span class=\"_ _1\"></span>.527 <span class=\"_ _17a\"> </span>5.538 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Les av<span class=\"_ _1\"></span>antages sociaux des employ\u00e9s ont \u00e9t\u00e9 r\u00e9partis c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Co\u00fbt des v<span class=\"_ _1\"></span>entes <span class=\"_ _17d\"> </span>70<span class=\"_ _1\"></span>.803 <span class=\"_ _b7\"> </span>55.017 Frais de dis<span class=\"_ _1\"></span>tribution <span class=\"_ _17e\"> </span>9.584 <span class=\"_ _11c\"> </span>9.011 Charges administr<span class=\"_ _1\"></span>atives <span class=\"_ _17f\"> </span>9.94<span class=\"_ _1\"></span>7 <span class=\"_ _180\"> </span>9.619 Capitalis\u00e9s sous \u00ab en cours de cons<span class=\"_ _1\"></span>truction \u00bb <span class=\"_ _181\"> </span>2.039 <span class=\"_ _145\"> </span>2.083 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Le nombr<span class=\"_ _1\"></span>e d\u2019emplo<span class=\"_ _1\"></span>y\u00e9s du Groupe, ainsi que leur pr<span class=\"_ _1\"></span>ofil et genre<span class=\"_ _1\"></span>, est pr\u00e9sent\u00e9 dans les tableaux suivants :  <span class=\"_ _100\"> </span>2022 2021 Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _182\"> </span>2.691 <span class=\"_ _17a\"> </span>2.285 <span class=\"_ _183\"> </span>18 - 30 <span class=\"_ _184\"> </span>30-50 <span class=\"_ _101\"> </span>51+ <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal Homme <span class=\"_ _185\"> </span>334 <span class=\"_ _bb\"> </span>1.436 <span class=\"_ _e9\"> </span>588 <span class=\"_ _17a\"> </span><span class=\"ff18\">2.358</span> Femme <span class=\"_ _4b\"> </span>61 <span class=\"_ _b7\"> </span>202 <span class=\"_ _186\"> </span>70 <span class=\"_ _df\"> </span><span class=\"ff18\">333</span> T<span class=\"_ _0\"></span>otal <span class=\"_ _187\"> </span>395 <span class=\"_ _cd\"> </span>1.638 <span class=\"_ _e9\"> </span>658 <span class=\"_ _13f\"> </span>2.691 <span class=\"_ _51\"> </span>Employ\u00e9s <span class=\"_ _188\"> </span>Ouvriers  <span class=\"_ _3e\"> </span>Management <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _8\"></span>  Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _189\"> </span>548 <span class=\"_ _c3\"> </span>1.973 <span class=\"_ _b7\"> </span>170 <span class=\"_ _13f\"> </span><span class=\"ff18\">2.691</span>C.<span class=\"_ _1\"></span>1. Risque de cr\u00e9dit<span class=\"_ _8\"></span> Le risque de cr\u00e9dit est le risque de pert<span class=\"_ _1\"></span>e financi\u00e8re pour Cener<span class=\"_ _1\"></span>gy Holdings si un client ou une contrepartie \u00e0 un instrument financier ne r<span class=\"_ _1\"></span>especte pas ses obligations contr<span class=\"_ _1\"></span>actuelles et pro<span class=\"_ _1\"></span>vient principalement des cr\u00e9ances clients<span class=\"_ _8\"></span> et des actifs sur contr<span class=\"_ _1\"></span>ats et des d\u00e9p\u00f4ts aupr\u00e8s des banques.<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des actifs financiers repr\u00e9sente l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition maximale au risque de cr\u00e9dit.<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _54\"> </span>Note  <span class=\"_ _180\"> </span>2022 <span class=\"_ _121\"> </span>2021 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - courant <span class=\"_ _129\"> </span>15 <span class=\"_ _135\"> </span>192.769 <span class=\"_ _b7\"> </span>132.040 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - non courant <span class=\"_ _c3\"> </span>15 <span class=\"_ _11d\"> </span>1.227 <span class=\"_ _124\"> </span>1.177 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _1ce\"> </span>7<span class=\"_ _1\"></span>.D <span class=\"_ _db\"> </span>195.481 <span class=\"_ _11c\"> </span>98.217 Moins : <span class=\"_ _d8\"> </span>  <span class=\"_ _24a\"> </span>  <span class=\"_ _1bc\"> </span>  Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _24b\"> </span>15 <span class=\"_ _12e\"> </span>(3.17<span class=\"_ _1\"></span>8) <span class=\"_ _e2\"> </span>(624) Actifs d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _24c\"> </span>15 <span class=\"_ _be\"> </span>(11.610) <span class=\"_ _db\"> </span>(14.4<span class=\"_ _1\"></span>76) Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _162\"> </span>15 <span class=\"_ _18a\"> </span>(18.910) <span class=\"_ _128\"> </span>(4.716) Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _143\"> </span>355.778 <span class=\"_ _13f\"> </span>211.617 Inv<span class=\"_ _1\"></span>estissements en capitaux \u00e0 la juste v<span class=\"_ _1\"></span>aleur par  le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _e2\"> </span>22 <span class=\"_ _180\"> </span>6.308 <span class=\"_ _133\"> </span>5.812 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _24e\"> </span>16 <span class=\"_ _b7\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _170\"> </span>129.606 Instruments d\u00e9riv\u00e9s <span class=\"_ _e7\"> </span>23 <span class=\"_ _128\"> </span>16.612 <span class=\"_ _16b\"> </span>1.480 Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _10a\"> </span>190.0<span class=\"_ _1\"></span>79 <span class=\"_ _101\"> </span>136.899 T<span class=\"_ _0\"></span>otal g\u00e9n\u00e9ral <span class=\"_ _149\"> </span>  <span class=\"_ _d0\"> </span>545.857 <span class=\"_ _101\"> </span>348.516(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, la balance \u00e2g\u00e9e des cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs qui n'ont pas \u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9es \u00e9tait la suiv<span class=\"_ _1\"></span>ante :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Ni \u00e9chu ni douteux <span class=\"_ _16f\"> </span> 343.965 <span class=\"_ _192\"> </span>196.7<span class=\"_ _1\"></span>49 \u00c9chu <span class=\"_ _253\"> </span>  <span class=\"_ _167\"> </span>  - Jusqu'\u00e0 6 mois <span class=\"_ _254\"> </span> 10.800 <span class=\"_ _101\"> </span>13.687 - Plus de 6 mois <span class=\"_ _255\"> </span> 1.013 <span class=\"_ _132\"> </span>1.<span class=\"_ _1\"></span>182 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617La direction des filiales es<span class=\"_ _1\"></span>time que les montants dus jusqu\u2019\u00e0 6 mois et plus de 6 mois sont encore enti\u00e8r<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables, sur la base de l\u2019hist<span class=\"_ _1\"></span>orique des paiements et d\u2019une analyse approf<span class=\"_ _1\"></span>ondie du risque de cr\u00e9dit client, y<span class=\"_ _8\"></span> compris les notations de cr\u00e9dit sous-jac<span class=\"_ _1\"></span>entes, si celles-ci sont disponibles. Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, les cr\u00e9ances \u00e9chues mais non d\u00e9pr\u00e9ci\u00e9es c<span class=\"_ _1\"></span>oncernaient essentiellement les principaux groupes indus<span class=\"_ _1\"></span>triels, les principaux services publics et priv\u00e9s et les principaux re<span class=\"_ _1\"></span>vendeurs. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings assurent la majorit\u00e9 de leurs cr\u00e9anc<span class=\"_ _1\"></span>es contre le risque de d\u00e9f<span class=\"_ _1\"></span>aut. Au 31 d\u00e9cembre 2022, 85,9 % des soldes dus par les contr<span class=\"_ _1\"></span>eparties \u00e9taient assur\u00e9s. La variation de la d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion sur les cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et sur les actifs sur contrats se pr\u00e9sent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> comme suit :  <span class=\"_ _51\"> </span> <span class=\"_ _7\"></span>2022 <span class=\"_ _85\"> </span> <span class=\"_ _41\"> </span> 2021 <span class=\"_ _256\"> </span> <span class=\"_ _258\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _89\"> </span>Cr\u00e9ances clients et autres   d\u00e9biteurs  <span class=\"_ _5b\"> </span> Actifs sur <span class=\"_ _5b\"> </span> contrats <span class=\"_ _1da\"> </span>T<span class=\"_ _0\"></span>otal Cr\u00e9ances clients et autres   d\u00e9biteurs Actifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _112\"> </span>T<span class=\"_ _1\"></span>otal Solde au 1 janvier <span class=\"_ _259\"> </span>26.031 <span class=\"_ _1ad\"> </span>318 <span class=\"_ _7d\"> </span>26.349 <span class=\"_ _89\"> </span>24.390 <span class=\"_ _93\"> </span>143 <span class=\"_ _8d\"> </span>24.533 Perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e <span class=\"_ _213\"> </span>450 <span class=\"_ _1a8\"> </span>12 <span class=\"_ _25a\"> </span><span class=\"ff18 ls55 ws67\">463</span><span class=\"wsae\"> <span class=\"_ _53\"> </span>46 175 <span class=\"_ _31\"></span><span class=\"ff18 ws1\">220</span></span> Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _db\"> </span>(38) <span class=\"_ _113\"> </span>(127) <span class=\"_ _108\"> </span><span class=\"ff18\">(165)</span><span class=\"wsaf\"> <span class=\"_ _3a\"> </span>(168) - <span class=\"_ _25b\"></span><span class=\"ff18 ws1\">(168)</span></span> Reprise de / (perte de v<span class=\"_ _1\"></span>aleur)  sur les cr\u00e9ances et les actifs sur  contr<span class=\"_ _1\"></span>ats <span class=\"_ _1dc\"> </span>412 <span class=\"_ _1cd\"> </span>(115) <span class=\"_ _94\"> </span><span class=\"ff18 ls55 ws67\">297</span><span class=\"wsae\"> <span class=\"_ _6c\"> </span>(122) 175 <span class=\"ff18 ls92 ws61\">53</span></span> Radiations <span class=\"_ _256\"> </span>(153) <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">(153)</span><span class=\"wsaf\"> <span class=\"_ _2d\"> </span>(14) - <span class=\"_ _25d\"></span><span class=\"ff18 ws1\">(14)</span></span> Ecarts de change <span class=\"_ _203\"> </span>1.255 <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">1.255</span><span class=\"wsaf\"> <span class=\"_ _5\"> </span>1.<span class=\"_ _1\"></span>777 - <span class=\"_ _25e\"></span><span class=\"ff18 ws1\">1.777</span></span> Solde au 31 d\u00e9cembre <span class=\"_ _180\"> </span>27<span class=\"_ _1\"></span>.545 <span class=\"_ _93\"> </span>203 <span class=\"_ _ef\"> </span>27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48 <span class=\"_ _1a8\"> </span>26.031 <span class=\"_ _1a5\"> </span>318 <span class=\"_ _6e\"> </span>26.349La pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur les cr\u00e9ances clients et les actifs sur contr<span class=\"_ _1\"></span>ats est calcul\u00e9e \u00e0 titre individuel, lorsqu\u2019il exis<span class=\"_ _1\"></span>te un indice de d\u00e9pr\u00e9ciation. Pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrats sans indication de d\u00e9pr\u00e9ciation, les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues se fondent sur les donn\u00e9es historiques c<span class=\"_ _1\"></span>ombin\u00e9es aux projections concernant les f<span class=\"_ _1\"></span>acteurs macro\u00e9c<span class=\"_ _1\"></span>onomiques qui influent sur le risque de cr\u00e9dit, notamment le risque pays et les risques li\u00e9s aux secteurs d\u2019<span class=\"_ _1\"></span>activit\u00e9 des clients. La hausse de l\u2019inflation et des taux d\u2019int\u00e9r\u00eat a \u00e9galement \u00e9t\u00e9 prise en<span class=\"_ _8\"></span> compte dans le calcul des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e en cours, sans impact significatif sur la perte de valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e.<span class=\"_ _8\"></span> Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842(b) T<span class=\"_ _0\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s d\u00e9tenaient des liquidit\u00e9s et des \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie de 167<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>160 milliers d\u2019eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. La tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie sont d\u00e9tenus aupr\u00e8s de banques et d\u2019ins<span class=\"_ _1\"></span>titutions<span class=\"_ _8\"></span> financi\u00e8res not\u00e9es de AA<span class=\"_ _1\"></span>- \u00e0 B par l\u2019agenc<span class=\"_ _1\"></span>e Fitch. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-124-4": {
   "value": "5.<span class=\"_ _1\"></span>19 R\u00e9sultat op\u00e9rationnel Le r\u00e9sultat op\u00e9r<span class=\"_ _1\"></span>ationnel est le r\u00e9sultat g\u00e9n\u00e9r\u00e9 par les activit\u00e9s principales g\u00e9n\u00e9ra<span class=\"_ _1\"></span>trices de re<span class=\"_ _1\"></span>venus de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings ainsi que les autres r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus et charges li\u00e9s aux activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles. Le r\u00e9sultat op\u00e9ra<span class=\"_ _1\"></span>tionnel ex<span class=\"_ _1\"></span>clut les<span class=\"_ _8\"></span> co\u00fbts financiers nets, la quote-part du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s mises en \u00e9quivalence et l\u2019imp\u00f4t sur le r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-127-4": {
   "value": "Le prix de la tr<span class=\"_ _1\"></span>ansaction constitue normalement la meilleure pr<span class=\"_ _1\"></span>euve de la jus<span class=\"_ _1\"></span>te valeur d\u2019un instrument financier lors de sa comptabilisation initiale, \u00e0 sa<span class=\"_ _1\"></span>voir la jus<span class=\"_ _1\"></span>te valeur de la contr<span class=\"_ _1\"></span>epartie pay\u00e9e ou r<span class=\"_ _1\"></span>e\u00e7ue. Si Cenergy Holdings \u00e9tablit que la juste v<span class=\"_ _1\"></span>aleur \u00e0 la comptabilisation initiale diff\u00e8r<span class=\"_ _1\"></span>e du prix de la transaction et que la juste v<span class=\"_ _1\"></span>aleur n\u2019<span class=\"_ _1\"></span>est pas attes<span class=\"_ _1\"></span>t\u00e9e par la cotation d\u2019un actif ou passif identique sur un mar<span class=\"_ _1\"></span>ch\u00e9 actif, ni ne s\u2019<span class=\"_ _1\"></span>appuie sur une technique d\u2019\u00e9valuation dont les \u00e9l\u00e9ments non observ<span class=\"_ _1\"></span>ables sont estim\u00e9s non significatifs par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019\u00e9valuation, l\u2019instrument financier est alors \u00e9v<span class=\"_ _1\"></span>alu\u00e9 \u00e0 la juste valeur ajus<span class=\"_ _1\"></span>t\u00e9e de la diff\u00e9rence entr<span class=\"_ _1\"></span>e la juste v<span class=\"_ _1\"></span>aleur lors de la comptabilisation initiale et le prix de la transaction. C<span class=\"_ _1\"></span>ette diff\u00e9renc<span class=\"_ _1\"></span>e est ult\u00e9rieurement comptabilis\u00e9e en r\u00e9sulta<span class=\"_ _1\"></span>t sur la dur\u00e9e de vie<span class=\"_ _8\"></span> de l\u2019instrument, tant que l\u2019\u00e9v<span class=\"_ _1\"></span>aluation rest<span class=\"_ _1\"></span>e enti\u00e8rement justifi\u00e9e par des donn\u00e9es observ<span class=\"_ _1\"></span>ables sur le march\u00e9 ou que la transaction n\u2019<span class=\"_ _1\"></span>est pas liquid\u00e9e<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-2": {
   "value": "5.21 Nouvelles normes, amendements aux normes et int<span class=\"_ _1\"></span>erpr\u00e9tations<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de normes nouvelles ou modifi\u00e9es sont de<span class=\"_ _1\"></span>venues applicables pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice en cours et pour les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le Groupe a appliqu\u00e9 t<span class=\"_ _1\"></span>outes les nouvelles normes, les int<span class=\"_ _1\"></span>erpr\u00e9tations et les amendements<span class=\"_ _8\"></span> aux normes exis<span class=\"_ _1\"></span>tantes qui \u00e9taient obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois au cours de l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e commen\u00e7ant le 1 janvier 2022 et aucune des normes et int<span class=\"_ _1\"></span>erpr\u00e9tations nouvelles ou modifi\u00e9es n'a eu d'incidenc<span class=\"_ _1\"></span>e importante sur la comptabilisation et l'\u00e9v<span class=\"_ _1\"></span>aluation dans les \u00e9tats financiers consolid\u00e9s. Normes et interpr\u00e9tations applicables \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en cours<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivantes sont d\u2019<span class=\"_ _1\"></span>application obligatoir<span class=\"_ _1\"></span>e pour la premi\u00e8re f<span class=\"_ _1\"></span>ois<span class=\"_ _8\"></span> \u00e0 partir de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>omptable d\u00e9butant au 1er janvier 2022 et ont \u00e9t\u00e9 adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne :<span class=\"_ _8\"></span> Amendements aux normes IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb ; IAS 16 \u00ab Immobilisations corporelles \u00bb ; IA<span class=\"_ _1\"></span>S<span class=\"_ _8\"></span> 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations annuelles<span class=\"ff19\"> (entr\u00e9e en vigueur </span>pour les p\u00e9riodes annuelles commen\u00e7ant le 1er jan<span class=\"_ _1\"></span>vier 2022 ou apr\u00e8s) Le gr<span class=\"_ _1\"></span>oupe d\u2019amendements compr<span class=\"_ _1\"></span>end des modifications de port\u00e9e limit\u00e9e \u00e0 trois normes ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations<span class=\"_ _8\"></span> annuelles aux IFRS, qui sont des changements qui clarifient le te<span class=\"_ _1\"></span>xte ou corrigent des cons\u00e9quenc<span class=\"_ _1\"></span>es mineures, des oublis ou des conflits entr<span class=\"_ _1\"></span>e les exigences des normes. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 l'IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb<span class=\"ff19\"> mettent \u00e0 jour une r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> </span></span>dans l'IFRS 3 au cadre c<span class=\"_ _1\"></span>onceptuel d'information financi\u00e8r<span class=\"_ _1\"></span>e sans modifier les exigences c<span class=\"_ _1\"></span>omptables pour les<span class=\"_ _8\"></span> regr<span class=\"_ _1\"></span>oupements d'entreprises. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les modifications apport\u00e9es \u00e0 IAS 16 \u00ab Immobilisations c<span class=\"_ _1\"></span>orporelles \u00bb<span class=\"ff19\"> inter<span class=\"_ _1\"></span>disent \u00e0 une entreprise de d\u00e9duire </span></span>du co\u00fbt des immobilisations c<span class=\"_ _1\"></span>orporelles les montants re\u00e7us de la v<span class=\"_ _1\"></span>ente d'articles pr<span class=\"_ _1\"></span>oduits pendant qu'elle<span class=\"_ _8\"></span> pr\u00e9pare l'actif en vue de son utilisation pr\u00e9vue<span class=\"_ _1\"></span>. Au lieu de cela, une entr<span class=\"_ _1\"></span>eprise doit comptabiliser ce produit de vent<span class=\"_ _1\"></span>e et le co\u00fbt conne<span class=\"_ _1\"></span>xe dans le r\u00e9sultat. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 IAS 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb<span class=\"ff19\"> pr\u00e9cisent quels c<span class=\"_ _1\"></span>o\u00fbts<span class=\"_ _8\"></span> </span></span>une soci\u00e9t\u00e9 inclut lorsqu'elle \u00e9value si un c<span class=\"_ _1\"></span>ontrat ser<span class=\"_ _1\"></span>a on\u00e9reux. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Des am\u00e9liorations annuelles 2018-20<span class=\"_ _1\"></span>20<span class=\"ff19\"> apportent des modifications mineures \u00e0 IFRS 1 \u00ab Pr<span class=\"_ _1\"></span>emi\u00e8re adoption des </span></span>IFRS \u00bb, IFRS 9 \u00ab Instruments financiers \u00bb, IAS 4<span class=\"_ _1\"></span>1 \u00ab Agricultur<span class=\"_ _1\"></span>e \u00bb et les ex<span class=\"_ _1\"></span>emples illustratifs qui ac<span class=\"_ _1\"></span>compagnent<span class=\"_ _8\"></span> IFRS 16 \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb.<span class=\"_ _8\"></span> IFRS 16 (Amendement) \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb li\u00e9s au Covid-<span class=\"_ _1\"></span>19<span class=\"ff19\"> (en vigueur pour les p\u00e9riodes annuelles </span>commen\u00e7ant le 1 a<span class=\"_ _1\"></span>vril 2021 ou apr\u00e8s) Les amendements pr<span class=\"_ _1\"></span>olongent, d'un an, la modification de mai 2020 qui accor<span class=\"_ _1\"></span>de aux preneurs une e<span class=\"_ _1\"></span>xemption de l'\u00e9valuation de la ques<span class=\"_ _1\"></span>tion de sav<span class=\"_ _1\"></span>oir si une concession de lo<span class=\"_ _1\"></span>yer li\u00e9e \u00e0 la C<span class=\"_ _1\"></span>OVID-<span class=\"_ _1\"></span>19 est une modification de bail. En particulier<span class=\"_ _1\"></span>, la modification permet \u00e0 un pr<span class=\"_ _1\"></span>eneur d'appliquer la mesure de simplification c<span class=\"_ _1\"></span>oncernant les all\u00e9gements<span class=\"_ _8\"></span> de loy<span class=\"_ _1\"></span>er acc<span class=\"_ _1\"></span>ord\u00e9s en lien av<span class=\"_ _1\"></span>ec la CO<span class=\"_ _1\"></span>VID-19 aux all\u00e9gements de lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>er dont la r\u00e9duction concerne seulement des paiements dus initialement le 30 juin 2022 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date (plut\u00f4t qu\u2019uniquement aux paiements dus initialement le 30 juin 2021 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date). Normes et amendements applicables \u00e0 des ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>es post\u00e9rieurs<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivants ont \u00e9t\u00e9 publi\u00e9s et adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne ;<span class=\"_ _8\"></span> ils ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>ommen\u00e7ant le 1 janvier 2022. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d\u2019incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au cours des p\u00e9riodes de d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 1, \u00ab Pr\u00e9sentation des \u00e9tats financiers : Classifica<span class=\"_ _1\"></span>tion des passifs comme cour<span class=\"_ _1\"></span>ants ou<span class=\"_ _8\"></span> non-cour<span class=\"_ _1\"></span>ants \u00bb<span class=\"ff19\"> (\u00e0 compter du 01 jan<span class=\"_ _1\"></span>vier 2023), n\u2019affect<span class=\"_ _1\"></span>ent que la pr\u00e9sentation des passifs dans l\u2019\u00e9tat de la situation </span>financi\u00e8re \u2014 et non le montant ou le moment de la c<span class=\"_ _1\"></span>omptabilisation d\u2019actifs, de r<span class=\"_ _1\"></span>evenus ou de char<span class=\"_ _1\"></span>ges du passif<span class=\"_ _1\"></span>, ou<span class=\"_ _8\"></span> l\u2019information que les entit\u00e9s divulguent sur c<span class=\"_ _1\"></span>es \u00e9l\u00e9ments. Ils :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>clarifient que la clas<span class=\"_ _1\"></span>sification des passifs comme cour<span class=\"_ _1\"></span>ants ou non cour<span class=\"_ _1\"></span>ants doit \u00eatre bas\u00e9e sur les droits qui exis<span class=\"_ _1\"></span>tent \u00e0 la fin de la p\u00e9riode de reporting et aligner le libell\u00e9 dans t<span class=\"_ _1\"></span>ous les paragraphes c<span class=\"_ _1\"></span>oncern\u00e9s pour fair<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au \u00ab droit \u00bb de diff\u00e9r<span class=\"_ _1\"></span>er le r\u00e8glement d'ici \u00e0 douze mois au moins et pr\u00e9ciser que seuls les droits en vigueur \u00ab \u00e0 la fin de la p\u00e9riode de r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e \u00bb devr<span class=\"_ _1\"></span>aient affecter la classification d'un passif; \u2022 <span class=\"_ _20\"> </span>pr\u00e9cisent que la clas<span class=\"_ _1\"></span>sification n'est pas affect\u00e9e par les att<span class=\"_ _1\"></span>entes quant \u00e0 sav<span class=\"_ _1\"></span>oir si une entit\u00e9 ex<span class=\"_ _1\"></span>ercer<span class=\"_ _1\"></span>a son droit de diff\u00e9rer le r\u00e8glement d'un pas<span class=\"_ _1\"></span>sif; et pr\u00e9cisent que le r\u00e8glement fait r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au transfert \u00e0 la contr<span class=\"_ _1\"></span>epartie d'esp\u00e8ces, d'instruments de capitaux pr<span class=\"_ _1\"></span>opres, d'autr<span class=\"_ _1\"></span>es actifs ou services. Modifications \u00e0 IAS 8 m\u00e9thodes comptables, changements dans les es<span class=\"_ _1\"></span>timations comptables et erreurs : D\u00e9finition des estimations comptables<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>L'amendement \u00e0 IAS 8 clarifie la mani\u00e8r<span class=\"_ _1\"></span>e dont les entreprises doiv<span class=\"_ _1\"></span>ent distinguer les changements de m\u00e9thodes<span class=\"_ _8\"></span> comptables des changements d'estimations c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 12 \u00ab Imp\u00f4ts sur le r\u00e9sultat \u00bb : Imp\u00f4t diff\u00e9r\u00e9 li\u00e9 \u00e0 l'actif et au passif d\u00e9c<span class=\"_ _1\"></span>oulant d'une<span class=\"_ _8\"></span> op\u00e9ration unique<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Les modifications clarifient la fa\u00e7on dont les soci\u00e9t\u00e9s c<span class=\"_ _1\"></span>omptabilisent l\u2019imp\u00f4t diff\u00e9r\u00e9 pour les obligations relativ<span class=\"_ _1\"></span>es au d\u00e9mant\u00e8lement et les contr<span class=\"_ _1\"></span>ats de location. La principale modification de ces amendements est une e<span class=\"_ _1\"></span>xemption relativ<span class=\"_ _1\"></span>e \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>emption de comptabilisation initiale de IAS 12.<span class=\"_ _1\"></span>15(b<span class=\"_ _1\"></span>) et IAS 12.2<span class=\"_ _1\"></span>4. Ainsi, l'ex<span class=\"_ _1\"></span>emption de comptabilisation initiale ne s'applique pas aux op\u00e9rations dans lesquelles les diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>aires d\u00e9ductibles et imposables sont des montants \u00e9gaux lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es modifications sont en vigueur pour les ex<span class=\"_ _1\"></span>ercices ouv<span class=\"_ _1\"></span>erts \u00e0 compter du 1er jan<span class=\"_ _1\"></span>vier 2023. Une application anticip\u00e9e est permise. IFRS 17 \u00ab contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb<span class=\"ff19\"> (\u00e0 compter du 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Cette norme r<span class=\"_ _1\"></span>emplace IFRS 4, qui donne lieu \u00e0 une multitude d\u2019<span class=\"_ _1\"></span>approches comptables diff\u00e9r<span class=\"_ _1\"></span>entes en mati\u00e8re de contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance. IFRS 17 changer<span class=\"_ _1\"></span>a fondamentalement la comptabilisation pour tout<span class=\"_ _1\"></span>es les entit\u00e9s qui \u00e9mettent des contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance et des contr<span class=\"_ _1\"></span>ats d\u2019inv<span class=\"_ _1\"></span>estissement av<span class=\"_ _1\"></span>ec un \u00e9l\u00e9ment de participation discr\u00e9tionnaire. Le 17 mars 2020<span class=\"_ _1\"></span>, l\u2019IASB a d\u00e9cid\u00e9 de report<span class=\"_ _1\"></span>er la date d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur aux p\u00e9riodes de d\u00e9claration annuelle commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2023 ou apr\u00e8s. L\u2019<span class=\"_ _1\"></span>approbation c<span class=\"_ _1\"></span>omprend les amendements publi\u00e9s par l\u2019IASB en juin 2020<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> qui visent \u00e0 aider les entreprises \u00e0 mettr<span class=\"_ _1\"></span>e en \u0153uvre la Norme et \u00e0 leur f<span class=\"_ _1\"></span>aciliter l\u2019<span class=\"_ _1\"></span>explication de leur performanc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Le r\u00e8glement de l'UE pr\u00e9v<span class=\"_ _1\"></span>oit une ex<span class=\"_ _1\"></span>emption facultativ<span class=\"_ _1\"></span>e de l'application de l\u2019obligation de c<span class=\"_ _1\"></span>ohorte annuelle rela<span class=\"_ _1\"></span>tive au moment de la comptabilisation du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e dans le contrat, de la mar<span class=\"_ _1\"></span>ge de service contr<span class=\"_ _1\"></span>actuelle, du b\u00e9n\u00e9fice ou de la perte. L<span class=\"_ _1\"></span>es entit\u00e9s qui font usage de cette e<span class=\"_ _1\"></span>xemption n'appliquent pas les IFRS t<span class=\"_ _1\"></span>elles que publi\u00e9es par l'IASB et doivent l'indiquer<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 IFRS 17 \u00ab Contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb : Application initiale des normes IFRS 17 et IFRS 9 \u2013<span class=\"_ _8\"></span> informations compar<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>es<span class=\"ff19\"> (publi\u00e9es le 9 d\u00e9cembre 2021, en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023). </span>L'amendement est une option de tr<span class=\"_ _1\"></span>ansition relativ<span class=\"_ _1\"></span>e aux informations compar<span class=\"_ _1\"></span>atives sur les actifs financiers pr\u00e9sent\u00e9es lors de l'application initiale d'IFRS 17<span class=\"_ _0\"></span>. L'amendement vise \u00e0 aider les entit\u00e9s \u00e0 \u00e9viter les d\u00e9calages<span class=\"_ _8\"></span> comptables tempor<span class=\"_ _1\"></span>aires entr<span class=\"_ _1\"></span>e les actifs financiers et les passifs des contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e, et donc \u00e0 am\u00e9liorer l'utilit\u00e9 des informations c<span class=\"_ _1\"></span>omparativ<span class=\"_ _1\"></span>es dans les \u00e9tats financiers.<span class=\"_ _8\"></span> Les modifications suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 publi\u00e9es mais ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l'ex<span class=\"_ _1\"></span>ercice commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2022 et n'ont pas \u00e9t\u00e9 approuv\u00e9es par l'Union eur<span class=\"_ _1\"></span>op\u00e9enne. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d'incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au c<span class=\"_ _1\"></span>ours des p\u00e9riodes de<span class=\"_ _8\"></span> d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements sur l\u2019IAS 1 \u00ab Pr\u00e9sentation des \u00e9tats financiers \u00bb et de l\u2019\u00e9nonc\u00e9 de pr<span class=\"_ _1\"></span>atiques sur les IFRS 2<span class=\"_ _8\"></span> \u00ab Informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables \u00bb<span class=\"ff19\"> (en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023).<span class=\"_ _8\"></span> </span>Les modifications visent \u00e0 am\u00e9lior<span class=\"_ _1\"></span>er les informations \u00e0 fournir sur les m\u00e9thodes comptables et \u00e0 aider les utilisa<span class=\"_ _1\"></span>teurs<span class=\"_ _8\"></span> des \u00e9tats financiers \u00e0 fair<span class=\"_ _1\"></span>e la distinction entre les changements d'es<span class=\"_ _1\"></span>timations comptables et les changements de m\u00e9thodes comptables. L<span class=\"_ _1\"></span>\u2019amendement IA<span class=\"_ _1\"></span>S 1 exige que les entit\u00e9s pr\u00e9sentent t<span class=\"_ _1\"></span>outes leurs m\u00e9thodes comptables importantes, plut\u00f4t que leurs principales m\u00e9thodes comptables. De plus, l'amendement \u00e0 IA<span class=\"_ _1\"></span>S 1 pr\u00e9cise que les<span class=\"_ _8\"></span> informations non significativ<span class=\"_ _1\"></span>es sur les m\u00e9thodes comptables ne doiv<span class=\"_ _1\"></span>ent pas \u00eatre fournies. Pour appuy<span class=\"_ _1\"></span>er ces modifications, l\u2019IASB a \u00e9galement f<span class=\"_ _1\"></span>ormul\u00e9 des directives et des e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>emples visant \u00e0 expliquer et \u00e0 illustr<span class=\"_ _1\"></span>er l\u2019application du proc<span class=\"_ _1\"></span>essus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pr<span class=\"_ _1\"></span>atique sur les IFRS 2 Making Materiality Judgements, aux informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IFRS 16 Contr<span class=\"_ _1\"></span>ats de location : Passif locatif dans le cadre d'une c<span class=\"_ _1\"></span>ession-bail<span class=\"ff19 lsf5 ws70\"> (e<span class=\"_ _8\"></span>n<span class=\"_ _8\"></span> </span>vigueur le 1er janvier 202<span class=\"_ _1\"></span>4). Les modifications e<span class=\"_ _1\"></span>xpliquent comment une entit\u00e9 comptabilise une c<span class=\"_ _1\"></span>ession-bail (sale and leaseback) apr\u00e8s la date de la tr<span class=\"_ _1\"></span>ansaction, en particulier lorsque tout ou partie des paiements de location sont de<span class=\"_ _1\"></span>s paiements de location variables qui ne d\u00e9pendent pas d'un indic<span class=\"_ _1\"></span>e ou d'un taux. Ils indiquent que, lors<span class=\"_ _8\"></span> de l'\u00e9valuation ult\u00e9rieur<span class=\"_ _1\"></span>e de l'obligation locativ<span class=\"_ _1\"></span>e, le vendeur-pr<span class=\"_ _1\"></span>eneur d\u00e9termine les \u00ab paiements au titre de la location<span class=\"_ _8\"></span> \u00bb et les<span class=\"_ _8\"></span> \u00ab paiements r\u00e9vis\u00e9s au titre de la loca<span class=\"_ _1\"></span>tion \u00bb d'une mani\u00e8re qui n'entra\u00eene pas le v<span class=\"_ _1\"></span>endeur-preneur \u00e0 comptabiliser un montant quelconque du gain ou de la pert<span class=\"_ _1\"></span>e li\u00e9 \u00e0 la droit d'usage conserv\u00e9. L<span class=\"_ _1\"></span>es gains et pertes relatifs \u00e0 la r\u00e9silia<span class=\"_ _1\"></span>tion totale ou partielle d'un bail continuent d'\u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9s lorsqu'ils surviennent car ils<span class=\"_ _8\"></span> concernent le dr<span class=\"_ _1\"></span>oit d'usage r\u00e9sili\u00e9 et non le droit d'usage c<span class=\"_ _1\"></span>onserv\u00e9.<span class=\"_ _8\"></span> La norme suivant<span class=\"_ _1\"></span>e est d\u2019application obligat<span class=\"_ _1\"></span>oire depuis l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e comptable d\u00e9butant au 1er janvier 2016 (<span class=\"_ _1\"></span>cependant elle n\u2019<span class=\"_ _1\"></span>est pas encor<span class=\"_ _1\"></span>e adopt\u00e9e par l\u2019Union europ\u00e9enne<span class=\"_ _1\"></span>). La Commission Europ\u00e9enne a d\u00e9cid\u00e9 de ne pas lanc<span class=\"_ _1\"></span>er la<span class=\"_ _8\"></span> proc\u00e9dur<span class=\"_ _1\"></span>e d\u2019appr<span class=\"_ _1\"></span>obation de cette norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e mais d\u2019attendr<span class=\"_ _1\"></span>e la norme d\u00e9finitive<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> IFRS 14 \u00ab Comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires \u00bb<span class=\"ff19\"> (da<span class=\"_ _1\"></span>te d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur : 1er janvier 2016). </span>Il s'agit d'une norme pro<span class=\"_ _1\"></span>visoire sur la c<span class=\"_ _1\"></span>omptabilisation de certains montants d\u00e9coulant d'activit\u00e9s r\u00e9glement\u00e9es par les tarifs. IFRS 14 permet aux nouveaux adoptants qui e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercent des activit\u00e9s \u00e0 tarifs r\u00e9glement\u00e9s, lorsqu\u2019ils adoptent les normes IFRS, de continuer \u00e0 r<span class=\"_ _1\"></span>econna\u00eetre les montants c<span class=\"_ _1\"></span>omptabilis\u00e9s en application des exigences de leur pr\u00e9c\u00e9dent r\u00e9f\u00e9rentiel c<span class=\"_ _1\"></span>omptable en mati\u00e8re de r\u00e9glementation des tarifs, et plus pr\u00e9cis\u00e9ment en c<span class=\"_ _1\"></span>e qui concerne la rec<span class=\"_ _1\"></span>onnaissance, l\u2019\u00e9v<span class=\"_ _1\"></span>aluation et la d\u00e9pr\u00e9ciation des comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires. La norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e fournit \u00e9galement des conseils sur le choix et la modification des m\u00e9thodes c<span class=\"_ _1\"></span>omptables (lors de la premi\u00e8re adoption ou ult\u00e9rieurement) et sur la pr\u00e9sentation et la divulga<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-3": {
   "value": "5.21 Nouvelles normes, amendements aux normes et int<span class=\"_ _1\"></span>erpr\u00e9tations<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de normes nouvelles ou modifi\u00e9es sont de<span class=\"_ _1\"></span>venues applicables pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice en cours et pour les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le Groupe a appliqu\u00e9 t<span class=\"_ _1\"></span>outes les nouvelles normes, les int<span class=\"_ _1\"></span>erpr\u00e9tations et les amendements<span class=\"_ _8\"></span> aux normes exis<span class=\"_ _1\"></span>tantes qui \u00e9taient obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois au cours de l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e commen\u00e7ant le 1 janvier 2022 et aucune des normes et int<span class=\"_ _1\"></span>erpr\u00e9tations nouvelles ou modifi\u00e9es n'a eu d'incidenc<span class=\"_ _1\"></span>e importante sur la comptabilisation et l'\u00e9v<span class=\"_ _1\"></span>aluation dans les \u00e9tats financiers consolid\u00e9s. Normes et interpr\u00e9tations applicables \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en cours<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivantes sont d\u2019<span class=\"_ _1\"></span>application obligatoir<span class=\"_ _1\"></span>e pour la premi\u00e8re f<span class=\"_ _1\"></span>ois<span class=\"_ _8\"></span> \u00e0 partir de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>omptable d\u00e9butant au 1er janvier 2022 et ont \u00e9t\u00e9 adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne :<span class=\"_ _8\"></span> Amendements aux normes IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb ; IAS 16 \u00ab Immobilisations corporelles \u00bb ; IA<span class=\"_ _1\"></span>S<span class=\"_ _8\"></span> 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations annuelles<span class=\"ff19\"> (entr\u00e9e en vigueur </span>pour les p\u00e9riodes annuelles commen\u00e7ant le 1er jan<span class=\"_ _1\"></span>vier 2022 ou apr\u00e8s) Le gr<span class=\"_ _1\"></span>oupe d\u2019amendements compr<span class=\"_ _1\"></span>end des modifications de port\u00e9e limit\u00e9e \u00e0 trois normes ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations<span class=\"_ _8\"></span> annuelles aux IFRS, qui sont des changements qui clarifient le te<span class=\"_ _1\"></span>xte ou corrigent des cons\u00e9quenc<span class=\"_ _1\"></span>es mineures, des oublis ou des conflits entr<span class=\"_ _1\"></span>e les exigences des normes. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 l'IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb<span class=\"ff19\"> mettent \u00e0 jour une r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> </span></span>dans l'IFRS 3 au cadre c<span class=\"_ _1\"></span>onceptuel d'information financi\u00e8r<span class=\"_ _1\"></span>e sans modifier les exigences c<span class=\"_ _1\"></span>omptables pour les<span class=\"_ _8\"></span> regr<span class=\"_ _1\"></span>oupements d'entreprises. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les modifications apport\u00e9es \u00e0 IAS 16 \u00ab Immobilisations c<span class=\"_ _1\"></span>orporelles \u00bb<span class=\"ff19\"> inter<span class=\"_ _1\"></span>disent \u00e0 une entreprise de d\u00e9duire </span></span>du co\u00fbt des immobilisations c<span class=\"_ _1\"></span>orporelles les montants re\u00e7us de la v<span class=\"_ _1\"></span>ente d'articles pr<span class=\"_ _1\"></span>oduits pendant qu'elle<span class=\"_ _8\"></span> pr\u00e9pare l'actif en vue de son utilisation pr\u00e9vue<span class=\"_ _1\"></span>. Au lieu de cela, une entr<span class=\"_ _1\"></span>eprise doit comptabiliser ce produit de vent<span class=\"_ _1\"></span>e et le co\u00fbt conne<span class=\"_ _1\"></span>xe dans le r\u00e9sultat. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 IAS 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb<span class=\"ff19\"> pr\u00e9cisent quels c<span class=\"_ _1\"></span>o\u00fbts<span class=\"_ _8\"></span> </span></span>une soci\u00e9t\u00e9 inclut lorsqu'elle \u00e9value si un c<span class=\"_ _1\"></span>ontrat ser<span class=\"_ _1\"></span>a on\u00e9reux. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Des am\u00e9liorations annuelles 2018-20<span class=\"_ _1\"></span>20<span class=\"ff19\"> apportent des modifications mineures \u00e0 IFRS 1 \u00ab Pr<span class=\"_ _1\"></span>emi\u00e8re adoption des </span></span>IFRS \u00bb, IFRS 9 \u00ab Instruments financiers \u00bb, IAS 4<span class=\"_ _1\"></span>1 \u00ab Agricultur<span class=\"_ _1\"></span>e \u00bb et les ex<span class=\"_ _1\"></span>emples illustratifs qui ac<span class=\"_ _1\"></span>compagnent<span class=\"_ _8\"></span> IFRS 16 \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb.<span class=\"_ _8\"></span> IFRS 16 (Amendement) \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb li\u00e9s au Covid-<span class=\"_ _1\"></span>19<span class=\"ff19\"> (en vigueur pour les p\u00e9riodes annuelles </span>commen\u00e7ant le 1 a<span class=\"_ _1\"></span>vril 2021 ou apr\u00e8s) Les amendements pr<span class=\"_ _1\"></span>olongent, d'un an, la modification de mai 2020 qui accor<span class=\"_ _1\"></span>de aux preneurs une e<span class=\"_ _1\"></span>xemption de l'\u00e9valuation de la ques<span class=\"_ _1\"></span>tion de sav<span class=\"_ _1\"></span>oir si une concession de lo<span class=\"_ _1\"></span>yer li\u00e9e \u00e0 la C<span class=\"_ _1\"></span>OVID-<span class=\"_ _1\"></span>19 est une modification de bail. En particulier<span class=\"_ _1\"></span>, la modification permet \u00e0 un pr<span class=\"_ _1\"></span>eneur d'appliquer la mesure de simplification c<span class=\"_ _1\"></span>oncernant les all\u00e9gements<span class=\"_ _8\"></span> de loy<span class=\"_ _1\"></span>er acc<span class=\"_ _1\"></span>ord\u00e9s en lien av<span class=\"_ _1\"></span>ec la CO<span class=\"_ _1\"></span>VID-19 aux all\u00e9gements de lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>er dont la r\u00e9duction concerne seulement des paiements dus initialement le 30 juin 2022 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date (plut\u00f4t qu\u2019uniquement aux paiements dus initialement le 30 juin 2021 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date). Normes et amendements applicables \u00e0 des ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>es post\u00e9rieurs<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivants ont \u00e9t\u00e9 publi\u00e9s et adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne ;<span class=\"_ _8\"></span> ils ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>ommen\u00e7ant le 1 janvier 2022. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d\u2019incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au cours des p\u00e9riodes de d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 1, \u00ab Pr\u00e9sentation des \u00e9tats financiers : Classifica<span class=\"_ _1\"></span>tion des passifs comme cour<span class=\"_ _1\"></span>ants ou<span class=\"_ _8\"></span> non-cour<span class=\"_ _1\"></span>ants \u00bb<span class=\"ff19\"> (\u00e0 compter du 01 jan<span class=\"_ _1\"></span>vier 2023), n\u2019affect<span class=\"_ _1\"></span>ent que la pr\u00e9sentation des passifs dans l\u2019\u00e9tat de la situation </span>financi\u00e8re \u2014 et non le montant ou le moment de la c<span class=\"_ _1\"></span>omptabilisation d\u2019actifs, de r<span class=\"_ _1\"></span>evenus ou de char<span class=\"_ _1\"></span>ges du passif<span class=\"_ _1\"></span>, ou<span class=\"_ _8\"></span> l\u2019information que les entit\u00e9s divulguent sur c<span class=\"_ _1\"></span>es \u00e9l\u00e9ments. Ils :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>clarifient que la clas<span class=\"_ _1\"></span>sification des passifs comme cour<span class=\"_ _1\"></span>ants ou non cour<span class=\"_ _1\"></span>ants doit \u00eatre bas\u00e9e sur les droits qui exis<span class=\"_ _1\"></span>tent \u00e0 la fin de la p\u00e9riode de reporting et aligner le libell\u00e9 dans t<span class=\"_ _1\"></span>ous les paragraphes c<span class=\"_ _1\"></span>oncern\u00e9s pour fair<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au \u00ab droit \u00bb de diff\u00e9r<span class=\"_ _1\"></span>er le r\u00e8glement d'ici \u00e0 douze mois au moins et pr\u00e9ciser que seuls les droits en vigueur \u00ab \u00e0 la fin de la p\u00e9riode de r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e \u00bb devr<span class=\"_ _1\"></span>aient affecter la classification d'un passif; \u2022 <span class=\"_ _20\"> </span>pr\u00e9cisent que la clas<span class=\"_ _1\"></span>sification n'est pas affect\u00e9e par les att<span class=\"_ _1\"></span>entes quant \u00e0 sav<span class=\"_ _1\"></span>oir si une entit\u00e9 ex<span class=\"_ _1\"></span>ercer<span class=\"_ _1\"></span>a son droit de diff\u00e9rer le r\u00e8glement d'un pas<span class=\"_ _1\"></span>sif; et pr\u00e9cisent que le r\u00e8glement fait r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e au transfert \u00e0 la contr<span class=\"_ _1\"></span>epartie d'esp\u00e8ces, d'instruments de capitaux pr<span class=\"_ _1\"></span>opres, d'autr<span class=\"_ _1\"></span>es actifs ou services. Modifications \u00e0 IAS 8 m\u00e9thodes comptables, changements dans les es<span class=\"_ _1\"></span>timations comptables et erreurs : D\u00e9finition des estimations comptables<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>L'amendement \u00e0 IAS 8 clarifie la mani\u00e8r<span class=\"_ _1\"></span>e dont les entreprises doiv<span class=\"_ _1\"></span>ent distinguer les changements de m\u00e9thodes<span class=\"_ _8\"></span> comptables des changements d'estimations c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IAS 12 \u00ab Imp\u00f4ts sur le r\u00e9sultat \u00bb : Imp\u00f4t diff\u00e9r\u00e9 li\u00e9 \u00e0 l'actif et au passif d\u00e9c<span class=\"_ _1\"></span>oulant d'une<span class=\"_ _8\"></span> op\u00e9ration unique<span class=\"ff19\"> (<span class=\"_ _1\"></span>en vigueur le 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Les modifications clarifient la fa\u00e7on dont les soci\u00e9t\u00e9s c<span class=\"_ _1\"></span>omptabilisent l\u2019imp\u00f4t diff\u00e9r\u00e9 pour les obligations relativ<span class=\"_ _1\"></span>es au d\u00e9mant\u00e8lement et les contr<span class=\"_ _1\"></span>ats de location. La principale modification de ces amendements est une e<span class=\"_ _1\"></span>xemption relativ<span class=\"_ _1\"></span>e \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>emption de comptabilisation initiale de IAS 12.<span class=\"_ _1\"></span>15(b<span class=\"_ _1\"></span>) et IAS 12.2<span class=\"_ _1\"></span>4. Ainsi, l'ex<span class=\"_ _1\"></span>emption de comptabilisation initiale ne s'applique pas aux op\u00e9rations dans lesquelles les diff\u00e9r<span class=\"_ _1\"></span>ences tempor<span class=\"_ _1\"></span>aires d\u00e9ductibles et imposables sont des montants \u00e9gaux lors de la comptabilisation initiale. L<span class=\"_ _1\"></span>es modifications sont en vigueur pour les ex<span class=\"_ _1\"></span>ercices ouv<span class=\"_ _1\"></span>erts \u00e0 compter du 1er jan<span class=\"_ _1\"></span>vier 2023. Une application anticip\u00e9e est permise. IFRS 17 \u00ab contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb<span class=\"ff19\"> (\u00e0 compter du 1 janvier 20<span class=\"_ _1\"></span>23).<span class=\"_ _8\"></span> </span>Cette norme r<span class=\"_ _1\"></span>emplace IFRS 4, qui donne lieu \u00e0 une multitude d\u2019<span class=\"_ _1\"></span>approches comptables diff\u00e9r<span class=\"_ _1\"></span>entes en mati\u00e8re de contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance. IFRS 17 changer<span class=\"_ _1\"></span>a fondamentalement la comptabilisation pour tout<span class=\"_ _1\"></span>es les entit\u00e9s qui \u00e9mettent des contr<span class=\"_ _1\"></span>ats d\u2019assur<span class=\"_ _1\"></span>ance et des contr<span class=\"_ _1\"></span>ats d\u2019inv<span class=\"_ _1\"></span>estissement av<span class=\"_ _1\"></span>ec un \u00e9l\u00e9ment de participation discr\u00e9tionnaire. Le 17 mars 2020<span class=\"_ _1\"></span>, l\u2019IASB a d\u00e9cid\u00e9 de report<span class=\"_ _1\"></span>er la date d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur aux p\u00e9riodes de d\u00e9claration annuelle commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2023 ou apr\u00e8s. L\u2019<span class=\"_ _1\"></span>approbation c<span class=\"_ _1\"></span>omprend les amendements publi\u00e9s par l\u2019IASB en juin 2020<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> qui visent \u00e0 aider les entreprises \u00e0 mettr<span class=\"_ _1\"></span>e en \u0153uvre la Norme et \u00e0 leur f<span class=\"_ _1\"></span>aciliter l\u2019<span class=\"_ _1\"></span>explication de leur performanc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> financi\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Le r\u00e8glement de l'UE pr\u00e9v<span class=\"_ _1\"></span>oit une ex<span class=\"_ _1\"></span>emption facultativ<span class=\"_ _1\"></span>e de l'application de l\u2019obligation de c<span class=\"_ _1\"></span>ohorte annuelle rela<span class=\"_ _1\"></span>tive au moment de la comptabilisation du b\u00e9n\u00e9fic<span class=\"_ _1\"></span>e dans le contrat, de la mar<span class=\"_ _1\"></span>ge de service contr<span class=\"_ _1\"></span>actuelle, du b\u00e9n\u00e9fice ou de la perte. L<span class=\"_ _1\"></span>es entit\u00e9s qui font usage de cette e<span class=\"_ _1\"></span>xemption n'appliquent pas les IFRS t<span class=\"_ _1\"></span>elles que publi\u00e9es par l'IASB et doivent l'indiquer<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements \u00e0 IFRS 17 \u00ab Contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e \u00bb : Application initiale des normes IFRS 17 et IFRS 9 \u2013<span class=\"_ _8\"></span> informations compar<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>es<span class=\"ff19\"> (publi\u00e9es le 9 d\u00e9cembre 2021, en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023). </span>L'amendement est une option de tr<span class=\"_ _1\"></span>ansition relativ<span class=\"_ _1\"></span>e aux informations compar<span class=\"_ _1\"></span>atives sur les actifs financiers pr\u00e9sent\u00e9es lors de l'application initiale d'IFRS 17<span class=\"_ _0\"></span>. L'amendement vise \u00e0 aider les entit\u00e9s \u00e0 \u00e9viter les d\u00e9calages<span class=\"_ _8\"></span> comptables tempor<span class=\"_ _1\"></span>aires entr<span class=\"_ _1\"></span>e les actifs financiers et les passifs des contr<span class=\"_ _1\"></span>ats d'assuranc<span class=\"_ _1\"></span>e, et donc \u00e0 am\u00e9liorer l'utilit\u00e9 des informations c<span class=\"_ _1\"></span>omparativ<span class=\"_ _1\"></span>es dans les \u00e9tats financiers.<span class=\"_ _8\"></span> Les modifications suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 publi\u00e9es mais ne sont pas obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois pour l'ex<span class=\"_ _1\"></span>ercice commen\u00e7ant le 1 jan<span class=\"_ _1\"></span>vier 2022 et n'ont pas \u00e9t\u00e9 approuv\u00e9es par l'Union eur<span class=\"_ _1\"></span>op\u00e9enne. Ces modifications ne devr<span class=\"_ _1\"></span>aient pas av<span class=\"_ _1\"></span>oir d'incidence importante sur les \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s de Cenergy Holdings au c<span class=\"_ _1\"></span>ours des p\u00e9riodes de<span class=\"_ _8\"></span> d\u00e9claration en c<span class=\"_ _1\"></span>ours ou \u00e0 venir<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Amendements sur l\u2019IAS 1 \u00ab Pr\u00e9sentation des \u00e9tats financiers \u00bb et de l\u2019\u00e9nonc\u00e9 de pr<span class=\"_ _1\"></span>atiques sur les IFRS 2<span class=\"_ _8\"></span> \u00ab Informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables \u00bb<span class=\"ff19\"> (en vigueur le 1 jan<span class=\"_ _1\"></span>vier 2023).<span class=\"_ _8\"></span> </span>Les modifications visent \u00e0 am\u00e9lior<span class=\"_ _1\"></span>er les informations \u00e0 fournir sur les m\u00e9thodes comptables et \u00e0 aider les utilisa<span class=\"_ _1\"></span>teurs<span class=\"_ _8\"></span> des \u00e9tats financiers \u00e0 fair<span class=\"_ _1\"></span>e la distinction entre les changements d'es<span class=\"_ _1\"></span>timations comptables et les changements de m\u00e9thodes comptables. L<span class=\"_ _1\"></span>\u2019amendement IA<span class=\"_ _1\"></span>S 1 exige que les entit\u00e9s pr\u00e9sentent t<span class=\"_ _1\"></span>outes leurs m\u00e9thodes comptables importantes, plut\u00f4t que leurs principales m\u00e9thodes comptables. De plus, l'amendement \u00e0 IA<span class=\"_ _1\"></span>S 1 pr\u00e9cise que les<span class=\"_ _8\"></span> informations non significativ<span class=\"_ _1\"></span>es sur les m\u00e9thodes comptables ne doiv<span class=\"_ _1\"></span>ent pas \u00eatre fournies. Pour appuy<span class=\"_ _1\"></span>er ces modifications, l\u2019IASB a \u00e9galement f<span class=\"_ _1\"></span>ormul\u00e9 des directives et des e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>emples visant \u00e0 expliquer et \u00e0 illustr<span class=\"_ _1\"></span>er l\u2019application du proc<span class=\"_ _1\"></span>essus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pr<span class=\"_ _1\"></span>atique sur les IFRS 2 Making Materiality Judgements, aux informations \u00e0 fournir sur les m\u00e9thodes c<span class=\"_ _1\"></span>omptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouv<span class=\"_ _1\"></span>ertes \u00e0 compt<span class=\"_ _1\"></span>er du 1er janvier 2023. Une application anticip\u00e9e est aut<span class=\"_ _1\"></span>oris\u00e9e (sous r\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> tout pr<span class=\"_ _1\"></span>ocessus d'appr<span class=\"_ _1\"></span>obation local).<span class=\"_ _8\"></span> Amendements \u00e0 la norme IFRS 16 Contr<span class=\"_ _1\"></span>ats de location : Passif locatif dans le cadre d'une c<span class=\"_ _1\"></span>ession-bail<span class=\"ff19 lsf5 ws70\"> (e<span class=\"_ _8\"></span>n<span class=\"_ _8\"></span> </span>vigueur le 1er janvier 202<span class=\"_ _1\"></span>4). Les modifications e<span class=\"_ _1\"></span>xpliquent comment une entit\u00e9 comptabilise une c<span class=\"_ _1\"></span>ession-bail (sale and leaseback) apr\u00e8s la date de la tr<span class=\"_ _1\"></span>ansaction, en particulier lorsque tout ou partie des paiements de location sont de<span class=\"_ _1\"></span>s paiements de location variables qui ne d\u00e9pendent pas d'un indic<span class=\"_ _1\"></span>e ou d'un taux. Ils indiquent que, lors<span class=\"_ _8\"></span> de l'\u00e9valuation ult\u00e9rieur<span class=\"_ _1\"></span>e de l'obligation locativ<span class=\"_ _1\"></span>e, le vendeur-pr<span class=\"_ _1\"></span>eneur d\u00e9termine les \u00ab paiements au titre de la location<span class=\"_ _8\"></span> \u00bb et les<span class=\"_ _8\"></span> \u00ab paiements r\u00e9vis\u00e9s au titre de la loca<span class=\"_ _1\"></span>tion \u00bb d'une mani\u00e8re qui n'entra\u00eene pas le v<span class=\"_ _1\"></span>endeur-preneur \u00e0 comptabiliser un montant quelconque du gain ou de la pert<span class=\"_ _1\"></span>e li\u00e9 \u00e0 la droit d'usage conserv\u00e9. L<span class=\"_ _1\"></span>es gains et pertes relatifs \u00e0 la r\u00e9silia<span class=\"_ _1\"></span>tion totale ou partielle d'un bail continuent d'\u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9s lorsqu'ils surviennent car ils<span class=\"_ _8\"></span> concernent le dr<span class=\"_ _1\"></span>oit d'usage r\u00e9sili\u00e9 et non le droit d'usage c<span class=\"_ _1\"></span>onserv\u00e9.<span class=\"_ _8\"></span> La norme suivant<span class=\"_ _1\"></span>e est d\u2019application obligat<span class=\"_ _1\"></span>oire depuis l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e comptable d\u00e9butant au 1er janvier 2016 (<span class=\"_ _1\"></span>cependant elle n\u2019<span class=\"_ _1\"></span>est pas encor<span class=\"_ _1\"></span>e adopt\u00e9e par l\u2019Union europ\u00e9enne<span class=\"_ _1\"></span>). La Commission Europ\u00e9enne a d\u00e9cid\u00e9 de ne pas lanc<span class=\"_ _1\"></span>er la<span class=\"_ _8\"></span> proc\u00e9dur<span class=\"_ _1\"></span>e d\u2019appr<span class=\"_ _1\"></span>obation de cette norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e mais d\u2019attendr<span class=\"_ _1\"></span>e la norme d\u00e9finitive<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> IFRS 14 \u00ab Comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires \u00bb<span class=\"ff19\"> (da<span class=\"_ _1\"></span>te d\u2019<span class=\"_ _1\"></span>entr\u00e9e en vigueur : 1er janvier 2016). </span>Il s'agit d'une norme pro<span class=\"_ _1\"></span>visoire sur la c<span class=\"_ _1\"></span>omptabilisation de certains montants d\u00e9coulant d'activit\u00e9s r\u00e9glement\u00e9es par les tarifs. IFRS 14 permet aux nouveaux adoptants qui e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercent des activit\u00e9s \u00e0 tarifs r\u00e9glement\u00e9s, lorsqu\u2019ils adoptent les normes IFRS, de continuer \u00e0 r<span class=\"_ _1\"></span>econna\u00eetre les montants c<span class=\"_ _1\"></span>omptabilis\u00e9s en application des exigences de leur pr\u00e9c\u00e9dent r\u00e9f\u00e9rentiel c<span class=\"_ _1\"></span>omptable en mati\u00e8re de r\u00e9glementation des tarifs, et plus pr\u00e9cis\u00e9ment en c<span class=\"_ _1\"></span>e qui concerne la rec<span class=\"_ _1\"></span>onnaissance, l\u2019\u00e9v<span class=\"_ _1\"></span>aluation et la d\u00e9pr\u00e9ciation des comptes de r<span class=\"_ _1\"></span>eport r\u00e9glementaires. La norme pr<span class=\"_ _1\"></span>ovisoir<span class=\"_ _1\"></span>e fournit \u00e9galement des conseils sur le choix et la modification des m\u00e9thodes c<span class=\"_ _1\"></span>omptables (lors de la premi\u00e8re adoption ou ult\u00e9rieurement) et sur la pr\u00e9sentation et la divulga<span class=\"_ _1\"></span>tion.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-4": {
   "value": "5.21 Nouvelles normes, amendements aux normes et int<span class=\"_ _1\"></span>erpr\u00e9tations<span class=\"_ _8\"></span> Un certain nombr<span class=\"_ _1\"></span>e de normes nouvelles ou modifi\u00e9es sont de<span class=\"_ _1\"></span>venues applicables pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice en cours et pour les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le Groupe a appliqu\u00e9 t<span class=\"_ _1\"></span>outes les nouvelles normes, les int<span class=\"_ _1\"></span>erpr\u00e9tations et les amendements<span class=\"_ _8\"></span> aux normes exis<span class=\"_ _1\"></span>tantes qui \u00e9taient obligatoir<span class=\"_ _1\"></span>es pour la premi\u00e8r<span class=\"_ _1\"></span>e fois au cours de l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e commen\u00e7ant le 1 janvier 2022 et aucune des normes et int<span class=\"_ _1\"></span>erpr\u00e9tations nouvelles ou modifi\u00e9es n'a eu d'incidenc<span class=\"_ _1\"></span>e importante sur la comptabilisation et l'\u00e9v<span class=\"_ _1\"></span>aluation dans les \u00e9tats financiers consolid\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-4": {
   "value": "Normes et interpr\u00e9tations applicables \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en cours<span class=\"_ _8\"></span> Les nouv<span class=\"_ _1\"></span>elles normes et les amendements aux normes suivantes sont d\u2019<span class=\"_ _1\"></span>application obligatoir<span class=\"_ _1\"></span>e pour la premi\u00e8re f<span class=\"_ _1\"></span>ois<span class=\"_ _8\"></span> \u00e0 partir de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice c<span class=\"_ _1\"></span>omptable d\u00e9butant au 1er janvier 2022 et ont \u00e9t\u00e9 adopt\u00e9s par l\u2019Union eur<span class=\"_ _1\"></span>op\u00e9enne :<span class=\"_ _8\"></span> Amendements aux normes IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb ; IAS 16 \u00ab Immobilisations corporelles \u00bb ; IA<span class=\"_ _1\"></span>S<span class=\"_ _8\"></span> 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations annuelles<span class=\"ff19\"> (entr\u00e9e en vigueur </span>pour les p\u00e9riodes annuelles commen\u00e7ant le 1er jan<span class=\"_ _1\"></span>vier 2022 ou apr\u00e8s) Le gr<span class=\"_ _1\"></span>oupe d\u2019amendements compr<span class=\"_ _1\"></span>end des modifications de port\u00e9e limit\u00e9e \u00e0 trois normes ainsi que les am\u00e9lior<span class=\"_ _1\"></span>ations<span class=\"_ _8\"></span> annuelles aux IFRS, qui sont des changements qui clarifient le te<span class=\"_ _1\"></span>xte ou corrigent des cons\u00e9quenc<span class=\"_ _1\"></span>es mineures, des oublis ou des conflits entr<span class=\"_ _1\"></span>e les exigences des normes. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 l'IFRS 3 \u00ab Regroupements d'entr<span class=\"_ _1\"></span>eprises \u00bb<span class=\"ff19\"> mettent \u00e0 jour une r\u00e9f\u00e9renc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> </span></span>dans l'IFRS 3 au cadre c<span class=\"_ _1\"></span>onceptuel d'information financi\u00e8r<span class=\"_ _1\"></span>e sans modifier les exigences c<span class=\"_ _1\"></span>omptables pour les<span class=\"_ _8\"></span> regr<span class=\"_ _1\"></span>oupements d'entreprises. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les modifications apport\u00e9es \u00e0 IAS 16 \u00ab Immobilisations c<span class=\"_ _1\"></span>orporelles \u00bb<span class=\"ff19\"> inter<span class=\"_ _1\"></span>disent \u00e0 une entreprise de d\u00e9duire </span></span>du co\u00fbt des immobilisations c<span class=\"_ _1\"></span>orporelles les montants re\u00e7us de la v<span class=\"_ _1\"></span>ente d'articles pr<span class=\"_ _1\"></span>oduits pendant qu'elle<span class=\"_ _8\"></span> pr\u00e9pare l'actif en vue de son utilisation pr\u00e9vue<span class=\"_ _1\"></span>. Au lieu de cela, une entr<span class=\"_ _1\"></span>eprise doit comptabiliser ce produit de vent<span class=\"_ _1\"></span>e et le co\u00fbt conne<span class=\"_ _1\"></span>xe dans le r\u00e9sultat. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Les amendements apport\u00e9s \u00e0 IAS 37 \u00ab Pr<span class=\"_ _1\"></span>ovisions, passifs \u00e9v<span class=\"_ _1\"></span>entuels et actifs \u00e9ventuels \u00bb<span class=\"ff19\"> pr\u00e9cisent quels c<span class=\"_ _1\"></span>o\u00fbts<span class=\"_ _8\"></span> </span></span>une soci\u00e9t\u00e9 inclut lorsqu'elle \u00e9value si un c<span class=\"_ _1\"></span>ontrat ser<span class=\"_ _1\"></span>a on\u00e9reux. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff18 ws1\">Des am\u00e9liorations annuelles 2018-20<span class=\"_ _1\"></span>20<span class=\"ff19\"> apportent des modifications mineures \u00e0 IFRS 1 \u00ab Pr<span class=\"_ _1\"></span>emi\u00e8re adoption des </span></span>IFRS \u00bb, IFRS 9 \u00ab Instruments financiers \u00bb, IAS 4<span class=\"_ _1\"></span>1 \u00ab Agricultur<span class=\"_ _1\"></span>e \u00bb et les ex<span class=\"_ _1\"></span>emples illustratifs qui ac<span class=\"_ _1\"></span>compagnent<span class=\"_ _8\"></span> IFRS 16 \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb.<span class=\"_ _8\"></span> IFRS 16 (Amendement) \u00ab Contr<span class=\"_ _1\"></span>ats de location \u00bb li\u00e9s au Covid-<span class=\"_ _1\"></span>19<span class=\"ff19\"> (en vigueur pour les p\u00e9riodes annuelles </span>commen\u00e7ant le 1 a<span class=\"_ _1\"></span>vril 2021 ou apr\u00e8s) Les amendements pr<span class=\"_ _1\"></span>olongent, d'un an, la modification de mai 2020 qui accor<span class=\"_ _1\"></span>de aux preneurs une e<span class=\"_ _1\"></span>xemption de l'\u00e9valuation de la ques<span class=\"_ _1\"></span>tion de sav<span class=\"_ _1\"></span>oir si une concession de lo<span class=\"_ _1\"></span>yer li\u00e9e \u00e0 la C<span class=\"_ _1\"></span>OVID-<span class=\"_ _1\"></span>19 est une modification de bail. En particulier<span class=\"_ _1\"></span>, la modification permet \u00e0 un pr<span class=\"_ _1\"></span>eneur d'appliquer la mesure de simplification c<span class=\"_ _1\"></span>oncernant les all\u00e9gements<span class=\"_ _8\"></span> de loy<span class=\"_ _1\"></span>er acc<span class=\"_ _1\"></span>ord\u00e9s en lien av<span class=\"_ _1\"></span>ec la CO<span class=\"_ _1\"></span>VID-19 aux all\u00e9gements de lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>er dont la r\u00e9duction concerne seulement des paiements dus initialement le 30 juin 2022 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date (plut\u00f4t qu\u2019uniquement aux paiements dus initialement le 30 juin 2021 ou av<span class=\"_ _1\"></span>ant cett<span class=\"_ _1\"></span>e date). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-4": {
   "value": "Normes et amendements applicables \u00e0 des exercices post\u00e9rieurs Les nouvelles normes et les amendements aux normes suivants ont \u00e9t\u00e9 publi\u00e9s et adopt\u00e9s par l\u2019Union europ\u00e9enne ; ils ne sont pas obligatoires pour la premi\u00e8re fois pour l\u2019exercice commen\u00e7ant le 1 janvier 2022. Ces modifications ne devraient pas avoir d\u2019incidence importante sur les \u00e9tats financiers consolid\u00e9s de Cenergy Holdings au cours des p\u00e9riodes de d\u00e9claration en cours ou \u00e0 venir. Amendements \u00e0 la norme IAS 1, \u00ab Pr\u00e9sentation des \u00e9tats financiers : Classification des passifs comme courants ou non-courants \u00bb (\u00e0 compter du 01 janvier 2023), n\u2019affectent que la pr\u00e9sentation des passifs dans l\u2019\u00e9tat de la situation financi\u00e8re \u2014 et non le montant ou le moment de la comptabilisation d\u2019actifs, de revenus ou de charges du passif, ou l\u2019information que les entit\u00e9s divulguent sur ces \u00e9l\u00e9ments. Ils : \u2022  clarifient que la classification des passifs comme courants ou non courants doit \u00eatre bas\u00e9e sur les droits qui existent \u00e0 la fin de la p\u00e9riode de reporting et aligner le libell\u00e9 dans tous les paragraphes concern\u00e9s pour faire r\u00e9f\u00e9rence au \u00ab droit \u00bb de diff\u00e9rer le r\u00e8glement d'ici \u00e0 douze mois au moins et pr\u00e9ciser que seuls les droits en vigueur \u00ab \u00e0 la fin de la p\u00e9riode de r\u00e9f\u00e9rence \u00bb devraient affecter la classification d'un passif; \u2022  pr\u00e9cisent que la classification n'est pas affect\u00e9e par les attentes quant \u00e0 savoir si une entit\u00e9 exercera son droit de diff\u00e9rer le r\u00e8glement d'un passif; et pr\u00e9cisent que le r\u00e8glement fait r\u00e9f\u00e9rence au transfert \u00e0 la contrepartie d'esp\u00e8ces, d'instruments de capitaux propres, d'autres actifs ou services. Modifications \u00e0 IAS 8 m\u00e9thodes comptables, changements dans les estimations comptables et erreurs : D\u00e9finition des estimations comptables (en vigueur le 1 janvier 2023). L'amendement \u00e0 IAS 8 clarifie la mani\u00e8re dont les entreprises doivent distinguer les changements de m\u00e9thodes comptables des changements d'estimations comptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouvertes \u00e0 compter du 1er janvier 2023. Une application anticip\u00e9e est autoris\u00e9e (sous r\u00e9serve de tout processus d'approbation local). Amendements \u00e0 la norme IAS 12 \u00ab Imp\u00f4ts sur le r\u00e9sultat \u00bb : Imp\u00f4t diff\u00e9r\u00e9 li\u00e9 \u00e0 l'actif et au passif d\u00e9coulant d'une op\u00e9ration unique (en vigueur le 1 janvier 2023). Les modifications clarifient la fa\u00e7on dont les soci\u00e9t\u00e9s comptabilisent l\u2019imp\u00f4t diff\u00e9r\u00e9 pour les obligations relatives au d\u00e9mant\u00e8lement et les contrats de location. La principale modification de ces amendements est une exemption relative \u00e0 l\u2019exemption de comptabilisation initiale de IAS 12.15(b) et IAS 12.24. Ainsi, l'exemption de comptabilisation initiale ne s'applique pas aux op\u00e9rations dans lesquelles les diff\u00e9rences temporaires d\u00e9ductibles et imposables sont des montants \u00e9gaux lors de la comptabilisation initiale. Les modifications sont en vigueur pour les exercices ouverts \u00e0 compter du 1er janvier 2023. Une application anticip\u00e9e est permise. IFRS 17 \u00ab contrats d'assurance \u00bb (\u00e0 compter du 1 janvier 2023). Cette norme remplace IFRS 4, qui donne lieu \u00e0 une multitude d\u2019approches comptables diff\u00e9rentes en mati\u00e8re de contrats d\u2019assurance. IFRS 17 changera fondamentalement la comptabilisation pour toutes les entit\u00e9s qui \u00e9mettent des contrats d\u2019assurance et des contrats d\u2019investissement avec un \u00e9l\u00e9ment de participation discr\u00e9tionnaire. Le 17 mars 2020, l\u2019IASB a d\u00e9cid\u00e9 de reporter la date d\u2019entr\u00e9e en vigueur aux p\u00e9riodes de d\u00e9claration annuelle commen\u00e7ant le 1 janvier 2023 ou apr\u00e8s. L\u2019approbation comprend les amendements publi\u00e9s par l\u2019IASB en juin 2020, qui visent \u00e0 aider les entreprises \u00e0 mettre en \u0153uvre la Norme et \u00e0 leur faciliter l\u2019explication de leur performance financi\u00e8re.  Le r\u00e8glement de l'UE pr\u00e9voit une exemption facultative de l'application de l\u2019obligation de cohorte annuelle relative au moment de la comptabilisation du b\u00e9n\u00e9fice dans le contrat, de la marge de service contractuelle, du b\u00e9n\u00e9fice ou de la perte. Les entit\u00e9s qui font usage de cette exemption n'appliquent pas les IFRS telles que publi\u00e9es par l'IASB et doivent l'indiquer. Amendements \u00e0 IFRS 17 \u00ab Contrats d'assurance \u00bb : Application initiale des normes IFRS 17 et IFRS 9 \u2013 informations comparatives (publi\u00e9es le 9 d\u00e9cembre 2021, en vigueur le 1 janvier 2023). L'amendement est une option de transition relative aux informations comparatives sur les actifs financiers pr\u00e9sent\u00e9es lors de l'application initiale d'IFRS 17. L'amendement vise \u00e0 aider les entit\u00e9s \u00e0 \u00e9viter les d\u00e9calages comptables temporaires entre les actifs financiers et les passifs des contrats d'assurance, et donc \u00e0 am\u00e9liorer l'utilit\u00e9 des informations comparatives dans les \u00e9tats financiers. Les modifications suivantes ont \u00e9t\u00e9 publi\u00e9es mais ne sont pas obligatoires pour la premi\u00e8re fois pour l'exercice commen\u00e7ant le 1 janvier 2022 et n'ont pas \u00e9t\u00e9 approuv\u00e9es par l'Union europ\u00e9enne. Ces modifications ne devraient pas avoir d'incidence importante sur les \u00e9tats financiers consolid\u00e9s de Cenergy Holdings au cours des p\u00e9riodes de d\u00e9claration en cours ou \u00e0 venir. Amendements sur l\u2019IAS 1 \u00ab Pr\u00e9sentation des \u00e9tats financiers \u00bb et de l\u2019\u00e9nonc\u00e9 de pratiques sur les IFRS 2 \u00ab Informations \u00e0 fournir sur les m\u00e9thodes comptables \u00bb (en vigueur le 1 janvier 2023). Les modifications visent \u00e0 am\u00e9liorer les informations \u00e0 fournir sur les m\u00e9thodes comptables et \u00e0 aider les utilisateurs des \u00e9tats financiers \u00e0 faire la distinction entre les changements d'estimations comptables et les changements de m\u00e9thodes comptables. L\u2019amendement IAS 1 exige que les entit\u00e9s pr\u00e9sentent toutes leurs m\u00e9thodes comptables importantes, plut\u00f4t que leurs principales m\u00e9thodes comptables. De plus, l'amendement \u00e0 IAS 1 pr\u00e9cise que les informations non significatives sur les m\u00e9thodes comptables ne doivent pas \u00eatre fournies. Pour appuyer ces modifications, l\u2019IASB a \u00e9galement formul\u00e9 des directives et des exemples visant \u00e0 expliquer et \u00e0 illustrer l\u2019application du processus en quatre \u00e9tapes, d\u00e9crit dans l\u2019\u00c9nonc\u00e9 de pratique sur les IFRS 2 Making Materiality Judgements, aux informations \u00e0 fournir sur les m\u00e9thodes comptables. Les modifications entrent en vigueur pour les p\u00e9riodes de reporting annuelles ouvertes \u00e0 compter du 1er janvier 2023. Une application anticip\u00e9e est autoris\u00e9e (sous r\u00e9serve de tout processus d'approbation local). Amendements \u00e0 la norme IFRS 16 Contrats de location : Passif locatif dans le cadre d'une cession-bail (en vigueur le 1er janvier 2024). Les modifications expliquent comment une entit\u00e9 comptabilise une cession-bail (sale and leaseback) apr\u00e8s la date de la transaction, en particulier lorsque tout ou partie des paiements de location sont des paiements de location variables qui ne d\u00e9pendent pas d'un indice ou d'un taux. Ils indiquent que, lors de l'\u00e9valuation ult\u00e9rieure de l'obligation locative, le vendeur-preneur d\u00e9termine les \u00ab paiements au titre de la location \u00bb et les \u00ab paiements r\u00e9vis\u00e9s au titre de la location \u00bb d'une mani\u00e8re qui n'entra\u00eene pas le vendeur-preneur \u00e0 comptabiliser un montant quelconque du gain ou de la perte li\u00e9 \u00e0 la droit d'usage conserv\u00e9. Les gains et pertes relatifs \u00e0 la r\u00e9siliation totale ou partielle d'un bail continuent d'\u00eatre comptabilis\u00e9s lorsqu'ils surviennent car ils concernent le droit d'usage r\u00e9sili\u00e9 et non le droit d'usage conserv\u00e9. La norme suivante est d\u2019application obligatoire depuis l\u2019exercice comptable d\u00e9butant au 1er janvier 2016 (cependant elle n\u2019est pas encore adopt\u00e9e par l\u2019Union europ\u00e9enne). La Commission Europ\u00e9enne a d\u00e9cid\u00e9 de ne pas lancer la proc\u00e9dure d\u2019approbation de cette norme provisoire mais d\u2019attendre la norme d\u00e9finitive. IFRS 14 \u00ab Comptes de report r\u00e9glementaires \u00bb (date d\u2019entr\u00e9e en vigueur : 1er janvier 2016). Il s'agit d'une norme provisoire sur la comptabilisation de certains montants d\u00e9coulant d'activit\u00e9s r\u00e9glement\u00e9es par les tarifs. IFRS 14 permet aux nouveaux adoptants qui exercent des activit\u00e9s \u00e0 tarifs r\u00e9glement\u00e9s, lorsqu\u2019ils adoptent les normes IFRS, de continuer \u00e0 reconna\u00eetre les montants comptabilis\u00e9s en application des exigences de leur pr\u00e9c\u00e9dent r\u00e9f\u00e9rentiel comptable en mati\u00e8re de r\u00e9glementation des tarifs, et plus pr\u00e9cis\u00e9ment en ce qui concerne la reconnaissance, l\u2019\u00e9valuation et la d\u00e9pr\u00e9ciation des comptes de report r\u00e9glementaires. La norme provisoire fournit \u00e9galement des conseils sur le choix et la modification des m\u00e9thodes comptables (lors de la premi\u00e8re adoption ou ult\u00e9rieurement) et sur la pr\u00e9sentation et la divulgation. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfNotAppliedNewStandardsOrInterpretations",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-132-2": {
   "value": "6. Segments op\u00e9r<span class=\"_ _1\"></span>ationnels<span class=\"_ _8\"></span> A. Base de la division en segments Cener<span class=\"_ _1\"></span>gy Holdings se divise en deux segments op\u00e9rationnels principaux : \u2022 <span class=\"_ _20\"> </span>C\u00e2bles ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> \u00c0 des fins de gestion, Cener<span class=\"_ _1\"></span>gy Holdings est compos\u00e9e de deux segments op\u00e9r<span class=\"_ _1\"></span>ationnels principaux, qui op\u00e8rent au sein de secteurs diff\u00e9r<span class=\"_ _1\"></span>ents. Ces segments, qui offrent diff\u00e9r<span class=\"_ _1\"></span>ents produits et services, sont g\u00e9r\u00e9s s\u00e9par\u00e9ment, car ils exigent des s<span class=\"_ _1\"></span>trat\u00e9gies mark<span class=\"_ _1\"></span>eting et technologiques diff\u00e9rent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Une telle or<span class=\"_ _1\"></span>ganisation structurelle es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e en fonction de la natur<span class=\"_ _1\"></span>e des risques et des rendements li\u00e9s \u00e0 chaque segment op\u00e9rationnel. Elle s\u2019<span class=\"_ _1\"></span>appuie sur la structure de ges<span class=\"_ _1\"></span>tion, ainsi que sur le syst\u00e8me de r<span class=\"_ _1\"></span>eporting interne. Elle repr\u00e9sent<span class=\"_ _1\"></span>e la base selon laquelle Cenergy Holdings c<span class=\"_ _1\"></span>ommunique ses informations par segments.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019analyse des segments pr\u00e9sent\u00e9e dans les pr\u00e9sents \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s est le reflet des activit\u00e9s analy<span class=\"_ _1\"></span>s\u00e9es<span class=\"_ _8\"></span> par secteur d\u2019<span class=\"_ _1\"></span>activit\u00e9. C'est la fa\u00e7on dont le principal d\u00e9cideur op\u00e9ra<span class=\"_ _1\"></span>tionnel de Cenergy Holdings e<span class=\"_ _1\"></span>xamine<span class=\"_ _8\"></span> r\u00e9guli\u00e8rement les r\u00e9sultats op\u00e9r<span class=\"_ _1\"></span>ationnels du groupe afin d'allouer des r<span class=\"_ _1\"></span>essourc<span class=\"_ _1\"></span>es aux segments et d'\u00e9valuer leurs performances. Ci-apr\u00e8s figure une br\u00e8v<span class=\"_ _1\"></span>e description des segments : \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17\">C\u00e2bles</span><span class=\"ws1\"> : Hellenic Cables, ses filiales, et Icme Ecab S.A. produisent des c\u00e2bles \u00e9lectriques, des c\u00e2bles de </span>t\u00e9l\u00e9communications et des c\u00e2bles sous-marins, ainsi que des c\u00e2bles et c<span class=\"_ _1\"></span>ompos\u00e9s \u00e9maill\u00e9s.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17 ws1\">T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"ff19\"> : Corinth Pipew<span class=\"_ _1\"></span>orks produit des tubes d\u2019<span class=\"_ _1\"></span>acier destin\u00e9s au transport de gaz natur<span class=\"_ _1\"></span>el, de p\u00e9trole et </span></span>d\u2019<span class=\"_ _1\"></span>eau hydr<span class=\"_ _1\"></span>og\u00e8ne et technologie CSS (<span class=\"_ _1\"></span>carbon capture and st<span class=\"_ _1\"></span>orage<span class=\"_ _1\"></span>), ainsi que des profil\u00e9s creux en acier des<span class=\"_ _1\"></span>tin\u00e9s<span class=\"_ _8\"></span> \u00e0 des chantiers de construction. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17 ws1\">Autres activit\u00e9s<span class=\"ff19\"> : Le segment compr<span class=\"_ _1\"></span>end les activit\u00e9s de la soci\u00e9t\u00e9 de portefeuille<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> </span></span>B. Informations sur les segments op\u00e9r<span class=\"_ _1\"></span>ationnels et rapprochements a<span class=\"_ _1\"></span>vec les mesur<span class=\"_ _1\"></span>es IFRS<span class=\"_ _8\"></span> Les r<span class=\"_ _1\"></span>enseignements fournis dans les tableaux ci-dessous pro<span class=\"_ _1\"></span>viennent direct<span class=\"_ _1\"></span>ement du syst\u00e8me de r<span class=\"_ _1\"></span>eporting financier<span class=\"_ _8\"></span> interne utilis\u00e9 par le Conseil Ajout<span class=\"_ _1\"></span>er (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire le principal decideur oper<span class=\"_ _1\"></span>ationnel) en vue de surveiller et d\u2019\u00e9v<span class=\"_ _1\"></span>aluer<span class=\"_ _8\"></span> s\u00e9par\u00e9ment les performances des segments op\u00e9r<span class=\"_ _1\"></span>ationnels. Les tableaux ci-dessous pr\u00e9sent<span class=\"_ _1\"></span>ent les renseignements rela<span class=\"_ _1\"></span>tifs aux r\u00e9sultats des segments op\u00e9rationnels, ainsi que des \u00e9l\u00e9ments d\u2019actif et de passif aux 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 et 20<span class=\"_ _1\"></span>21 et pour les ex<span class=\"_ _1\"></span>ercices cl\u00f4tur\u00e9s \u00e0 ces da<span class=\"_ _1\"></span>tes.<span class=\"_ _8\"></span> 2022 <span class=\"_ _82\"> </span>Segments op\u00e9rationnels <span class=\"_ _8\"></span>  <span class=\"_ _83\"> </span> <span class=\"_ _84\"> </span> <span class=\"_ _80\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _c\"> </span>Note <span class=\"_ _55\"> </span>C\u00e2bles <span class=\"_ _6e\"> </span>T<span class=\"_ _1\"></span>ubes  d\u2019<span class=\"_ _1\"></span>acier Autres<span class=\"_ _8\"></span> activit\u00e9s T<span class=\"_ _0\"></span>otal Chiffre d'affair<span class=\"_ _1\"></span>es par segment  <span class=\"_ _87\"> </span> <span class=\"_ _88\"> </span>1.520.681 <span class=\"_ _85\"> </span>679.6<span class=\"_ _1\"></span>73 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _8a\"> </span>2.200.353 Chiffre d'aff<span class=\"_ _1\"></span>aires entre segments <span class=\"_ _c\"> </span> <span class=\"_ _8b\"> </span>(556.292) <span class=\"_ _e\"> </span>(218.053) <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _72\"> </span><span class=\"ff18\">(77<span class=\"_ _1\"></span>4.345)</span> Chiffre d\u2019aff<span class=\"_ _1\"></span>aires ext<span class=\"_ _1\"></span>erne <span class=\"_ _8c\"> </span><span class=\"ff19\">7</span> <span class=\"_ _8d\"> </span>964.388 <span class=\"_ _85\"> </span>461.620 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2b\"> </span>1.426.008 Marge brute <span class=\"_ _8e\"> </span> <span class=\"_ _62\"> </span>116.875 <span class=\"_ _7d\"> </span>28.438 <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _29\"> </span>145.314 R\u00e9sultat op\u00e9rationnel <span class=\"_ _8f\"> </span> <span class=\"_ _21\"> </span>87<span class=\"_ _1\"></span>.649 <span class=\"_ _90\"> </span>14.643 <span class=\"_ _7e\"> </span>(1.932) <span class=\"_ _91\"> </span>100.360 Produits financiers <span class=\"_ _92\"> </span> <span class=\"_ _27\"> </span>261 <span class=\"_ _56\"> </span>123 <span class=\"_ _93\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _94\"> </span><span class=\"ff18\">431</span> Charges financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _95\"> </span> <span class=\"_ _96\"> </span>(25.082) <span class=\"_ _88\"> </span>(11.7<span class=\"_ _1\"></span>53) <span class=\"_ _44\"> </span>(58) <span class=\"_ _97\"> </span><span class=\"ff18\">(36.893)</span> Quote-part dans le r\u00e9sultat des entit\u00e9s mises  en \u00e9quivalenc<span class=\"_ _1\"></span>e, nette d'imp\u00f4t <span class=\"_ _98\"> </span> <span class=\"_ _99\"> </span>-  <span class=\"_ _1f\"> </span>4.<span class=\"_ _1\"></span>156 <span class=\"_ _67\"> </span>1.903 <span class=\"_ _80\"> </span><span class=\"ff18\">6.<span class=\"_ _1\"></span>059</span> B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _9a\"> </span> <span class=\"_ _21\"> </span>62.827 <span class=\"_ _21\"> </span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>168 <span class=\"_ _9b\"> </span>(39) <span class=\"_ _35\"> </span>69.957 Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _9c\"> </span> <span class=\"_ _9d\"> </span>(13.<span class=\"_ _1\"></span>199) <span class=\"_ _9d\"> </span>3.663 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _29\"> </span><span class=\"ff18\">(9.536)</span> B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) de l'ex<span class=\"_ _1\"></span>ercice <span class=\"_ _9e\"> </span> <span class=\"_ _86\"> </span>49.628 <span class=\"_ _9f\"> </span>10.831 <span class=\"_ _9b\"> </span>(39) <span class=\"_ _5f\"> </span>60.420 Amortissements <span class=\"_ _a2\"> </span> <span class=\"_ _a3\"> </span>(18.06<span class=\"_ _1\"></span>1) <span class=\"_ _53\"> </span>(9.<span class=\"_ _1\"></span>136) <span class=\"_ _a4\"> </span>(14) <span class=\"_ _5f\"> </span><span class=\"ff18\">(2<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.211)</span> Actifs par segment <span class=\"_ _a5\"> </span> <span class=\"_ _90\"> </span>1.0<span class=\"_ _1\"></span>33.712 <span class=\"_ _a6\"> </span>633.7<span class=\"_ _1\"></span>66 <span class=\"_ _68\"> </span>31.26<span class=\"_ _1\"></span>7 <span class=\"_ _4d\"> </span><span class=\"ff18\">1.698.7<span class=\"_ _0\"></span>45</span> Actifs non c<span class=\"_ _1\"></span>ourants ex<span class=\"_ _1\"></span>cept\u00e9 imp\u00f4t diff\u00e9r\u00e9 et instruments financiers <span class=\"_ _a7\"> </span> <span class=\"_ _80\"> </span>37<span class=\"_ _0\"></span>4.845 <span class=\"_ _a8\"> </span>206.062 <span class=\"_ _53\"> </span>23.532 <span class=\"_ _a9\"> </span><span class=\"ff18\">604.439</span> Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _4a\"> </span> <span class=\"_ _99\"> </span>-  <span class=\"_ _90\"> </span>17<span class=\"_ _1\"></span>.468 <span class=\"_ _7e\"> </span>23.490 <span class=\"_ _88\"> </span><span class=\"ff18 ls92 ws61\">40.959</span> Passifs par segment <span class=\"_ _aa\"> </span> <span class=\"_ _a3\"> </span>86<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.22<span class=\"_ _1\"></span>4 <span class=\"_ _a8\"> </span>489.442 <span class=\"_ _ab\"> </span>448 <span class=\"_ _ac\"> </span><span class=\"ff18\">1.357<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>114</span> D\u00e9penses d'inv<span class=\"_ _1\"></span>estissement <span class=\"_ _9e\"> </span>17<span class=\"_ _3c\"></span>/19 <span class=\"_ _44\"> </span>71.245 <span class=\"_ _67\"> </span>7<span class=\"_ _0\"></span>.762 <span class=\"_ _89\"> </span>1 <span class=\"_ _88\"> </span><span class=\"ff18\">79.<span class=\"_ _1\"></span>009</span>2021 <span class=\"_ _b0\"> </span>Segments op\u00e9rationnels  <span class=\"_ _83\"> </span> <span class=\"_ _84\"> </span> <span class=\"_ _80\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _c\"> </span>Note <span class=\"_ _55\"> </span>C\u00e2bles T<span class=\"_ _1\"></span>ubes d\u2019acier Autres<span class=\"_ _8\"></span> activit\u00e9s T<span class=\"_ _0\"></span>otal Chiffre d'affair<span class=\"_ _1\"></span>es par segment  <span class=\"_ _87\"> </span> <span class=\"_ _88\"> </span>1.354.<span class=\"_ _1\"></span>164 <span class=\"_ _6d\"> </span>242.941 <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _6a\"> </span>1.597<span class=\"_ _0\"></span>.104 Chiffre d'aff<span class=\"_ _1\"></span>aires entre segments <span class=\"_ _c\"> </span> <span class=\"_ _5f\"> </span>(529.8<span class=\"_ _1\"></span>73) <span class=\"_ _28\"> </span>(13.028) <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2a\"> </span><span class=\"ff18\">(542.901)</span> <span class=\"ff18\">Chiffre d\u2019aff<span class=\"_ _1\"></span>aires ext<span class=\"_ _1\"></span>erne <span class=\"_ _8c\"> </span><span class=\"ff19\">7</span> <span class=\"_ _b1\"> </span>824.291 <span class=\"_ _6d\"> </span>229.913 <span class=\"_ _89\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _72\"> </span>1.054.203</span> Marge brute <span class=\"_ _8e\"> </span> <span class=\"_ _4f\"> </span>92.521 <span class=\"_ _80\"> </span>16.<span class=\"_ _1\"></span>152 <span class=\"_ _3f\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _ac\"> </span>108.673 R\u00e9sultat op\u00e9rationnel <span class=\"_ _8f\"> </span> <span class=\"_ _67\"> </span>66.425 <span class=\"_ _7e\"> </span>(6.881) <span class=\"_ _90\"> </span>(1.901) <span class=\"_ _7d\"> </span>57<span class=\"_ _0\"></span>.642 Produits financiers <span class=\"_ _92\"> </span> <span class=\"_ _4e\"> </span>201 <span class=\"_ _93\"> </span>27 <span class=\"_ _41\"> </span>36 <span class=\"_ _b2\"> </span><span class=\"ff18\">264</span> Charges financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _95\"> </span> <span class=\"_ _68\"> </span>(21.7<span class=\"_ _1\"></span>40) <span class=\"_ _69\"> </span>(7<span class=\"_ _0\"></span>.505) <span class=\"_ _7f\"> </span>(4) <span class=\"_ _97\"> </span><span class=\"ff18\">(29<span class=\"_ _1\"></span>.249)</span> Quote-part dans le r\u00e9sultat des entit\u00e9s mises  en \u00e9quivalenc<span class=\"_ _1\"></span>e, nette d'imp\u00f4t <span class=\"_ _98\"> </span> <span class=\"_ _99\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _ab\"> </span>419 <span class=\"_ _67\"> </span>1.436 <span class=\"_ _62\"> </span><span class=\"ff18\">1.855</span> B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _9a\"> </span> <span class=\"_ _67\"> </span>44.886 <span class=\"_ _ac\"> </span>(13.940) <span class=\"_ _a3\"> </span>(433) <span class=\"_ _96\"> </span>30<span class=\"_ _1\"></span>.513 Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _9c\"> </span> <span class=\"_ _67\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>70) <span class=\"_ _9d\"> </span>(764) <span class=\"_ _3f\"> </span>- <span class=\"_ _b3\"> </span>(8.434) B\u00e9n\u00e9fice / (perte<span class=\"_ _1\"></span>) de l'ex<span class=\"_ _1\"></span>ercice <span class=\"_ _9e\"> </span> <span class=\"_ _44\"> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.216 <span class=\"_ _ac\"> </span>(14.<span class=\"_ _1\"></span>704) <span class=\"_ _1f\"> </span>(433) <span class=\"_ _35\"> </span>22.079 Amortissements <span class=\"_ _a2\"> </span> <span class=\"_ _9f\"> </span>(16.849) <span class=\"_ _b3\"> </span>(8.850) <span class=\"_ _7f\"> </span>(6) <span class=\"_ _97\"> </span><span class=\"ff18\">(25.7<span class=\"_ _1\"></span>05)</span> Actifs par segment <span class=\"_ _a5\"> </span> <span class=\"_ _68\"> </span>778.654 <span class=\"_ _b3\"> </span>397<span class=\"_ _0\"></span>.801 <span class=\"_ _7d\"> </span>29.496 <span class=\"_ _2c\"> </span><span class=\"ff18\">1.205.950</span> Actifs non c<span class=\"_ _1\"></span>ourants ex<span class=\"_ _1\"></span>cept\u00e9 imp\u00f4t diff\u00e9r\u00e9 et instruments financiers <span class=\"_ _a7\"> </span> <span class=\"_ _80\"> </span>323.632 <span class=\"_ _35\"> </span>204.<span class=\"_ _1\"></span>121 <span class=\"_ _53\"> </span>22.023 <span class=\"_ _91\"> </span><span class=\"ff18 ls11 ws5b\">54<span class=\"_ _8\"></span>9.776</span> Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e <span class=\"_ _4a\"> </span> <span class=\"_ _99\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _7e\"> </span>14.429 <span class=\"_ _7d\"> </span>22.<span class=\"_ _1\"></span>002 <span class=\"_ _53\"> </span><span class=\"ff18\">36.431</span> Passifs par segment <span class=\"_ _aa\"> </span> <span class=\"_ _9d\"> </span>661.337 <span class=\"_ _a8\"> </span>266.445 <span class=\"_ _34\"> </span>627 <span class=\"_ _a9\"> </span><span class=\"ff18\">928.409</span> D\u00e9penses d'inv<span class=\"_ _1\"></span>estissement <span class=\"_ _9e\"> </span>17<span class=\"_ _3c\"></span>/19 <span class=\"_ _21\"> </span>34.988 <span class=\"_ _1f\"> </span>9.549 <span class=\"_ _4e\"> </span> - <span class=\"_ _69\"> </span><span class=\"ff18\">44.538 </span>C. Informations g\u00e9ogr<span class=\"_ _1\"></span>aphiques<span class=\"_ _8\"></span> Les segments de Cener<span class=\"_ _1\"></span>gy Holdings sont g\u00e9r\u00e9s \u00e0 l\u2019\u00e9chelle mondiale, mais op\u00e8rent depuis les sit<span class=\"_ _1\"></span>es de production et bureaux de v<span class=\"_ _1\"></span>ente principalement situ\u00e9s en Gr\u00e8ce<span class=\"_ _1\"></span>, en Roumanie, en Bulgarie et aux \u00c9tats-Unis. Les informations sur les segments ci-des<span class=\"_ _1\"></span>sous sont bas\u00e9es sur le chiffre d\u2019aff<span class=\"_ _1\"></span>aires par segment g\u00e9n\u00e9r\u00e9 av<span class=\"_ _1\"></span>ec des clients ext<span class=\"_ _1\"></span>ernes, class\u00e9 par pay<span class=\"_ _1\"></span>s de domicile des clients, et sur les actifs par segment regroup\u00e9s selon leur localisation g\u00e9ographique<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _b4\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Chiffre d'affair<span class=\"_ _1\"></span>es <span class=\"_ _b5\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _82\"> </span>22.6<span class=\"_ _1\"></span>90 <span class=\"_ _b7\"> </span>12.846 Gr\u00e8ce <span class=\"_ _b8\"> </span> 435.57<span class=\"_ _1\"></span>8 <span class=\"_ _b9\"> </span>353.658 Allemagne <span class=\"_ _ba\"> </span>150.559 <span class=\"_ _bb\"> </span>149.328 Roumanie <span class=\"_ _bc\"> </span>50.558 <span class=\"_ _bd\"> </span>43.819 Ro<span class=\"_ _1\"></span>yaume-Uni <span class=\"_ _b5\"> </span>139.906 <span class=\"_ _be\"> </span>77<span class=\"_ _1\"></span>.803 Autres pa<span class=\"_ _1\"></span>ys de l'Union europ\u00e9enne <span class=\"_ _bf\"> </span>202.7<span class=\"_ _1\"></span>81 <span class=\"_ _c0\"> </span>219.<span class=\"_ _1\"></span>192 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _c1\"> </span>37<span class=\"_ _0\"></span>.592 <span class=\"_ _c0\"> </span>43.922 Asie <span class=\"_ _c2\"> </span> 109.84<span class=\"_ _1\"></span>7 <span class=\"_ _c3\"> </span>124.68<span class=\"_ _1\"></span>7 Am\u00e9riques <span class=\"_ _c4\"> </span> 262.810 <span class=\"_ _be\"> </span>25.47<span class=\"_ _1\"></span>5 Afrique <span class=\"_ _c5\"> </span> 7<span class=\"_ _1\"></span>.998 <span class=\"_ _c6\"> </span>3.4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Oc\u00e9anie <span class=\"_ _c7\"> </span> 5.690 <span class=\"_ _c8\"> </span>-  T<span class=\"_ _0\"></span>otal <span class=\"_ _c9\"> </span> 1.426.008 <span class=\"_ _ca\"> </span>1.054.203 L<span class=\"_ _1\"></span>\u2019information g\u00e9ographique ci-des<span class=\"_ _1\"></span>sous pr\u00e9sente le d\u00e9tail des actifs non cour<span class=\"_ _1\"></span>ants consolid\u00e9s par pays de domicile de la Soci\u00e9t\u00e9 et autres pa<span class=\"_ _1\"></span>ys. Dans l\u2019information g\u00e9ogr<span class=\"_ _1\"></span>aphique pr\u00e9sent\u00e9e, les actifs par segment sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leur localisation g\u00e9ographique<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _cc\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>-  Gr\u00e8ce  <span class=\"_ _c7\"> </span>492.228 <span class=\"_ _cd\"> </span>450.631 Autre  <span class=\"_ _ce\"> </span>33.928 <span class=\"_ _be\"> </span>25.827 T<span class=\"_ _0\"></span>otal  <span class=\"_ _cf\"> </span>526.<span class=\"_ _1\"></span>156 <span class=\"_ _d0\"> </span>47<span class=\"_ _1\"></span>6.458 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _d1\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _d2\"> </span>15 <span class=\"_ _d3\"> </span>21 Gr\u00e8ce <span class=\"_ _d4\"> </span>2.34<span class=\"_ _1\"></span>7 <span class=\"_ _c6\"> </span>2.0<span class=\"_ _1\"></span>78 Autre <span class=\"_ _d2\"> </span>1.40<span class=\"_ _1\"></span>2 <span class=\"_ _d5\"> </span>1.37<span class=\"_ _1\"></span>0 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _d7\"> </span>3.469 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Immobilisations incorpor<span class=\"_ _1\"></span>elles  <span class=\"_ _d8\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _73\"> </span>-  <span class=\"_ _d9\"> </span>-  Gr\u00e8ce <span class=\"_ _da\"> </span>30.36<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>29.7<span class=\"_ _0\"></span>42 Autre <span class=\"_ _d2\"> </span>1.590 <span class=\"_ _dc\"> </span>1.512 T<span class=\"_ _0\"></span>otal <span class=\"_ _d4\"> </span>31.95<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>31.254 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Biens immobiliers de placements <span class=\"_ _dd\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique <span class=\"_ _73\"> </span>-  <span class=\"_ _d9\"> </span>- Gr\u00e8ce <span class=\"_ _de\"> </span>155 <span class=\"_ _df\"> </span>764 Autre <span class=\"_ _e0\"> </span>-  <span class=\"_ _d9\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _e1\"> </span>155 <span class=\"_ _e2\"> </span>764 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _cb\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Additions aux immobilisations c<span class=\"_ _1\"></span>orporelles et incorpor<span class=\"_ _1\"></span>elles<span class=\"_ _7\"></span>  et aux actifs au titre du droit d\u2019utilisa<span class=\"_ _1\"></span>tion  <span class=\"_ _66\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Belgique  <span class=\"_ _e3\"> </span>-  <span class=\"_ _d9\"> </span>-  Gr\u00e8ce  <span class=\"_ _cf\"> </span>68.785 <span class=\"_ _db\"> </span>42.510 Autre  <span class=\"_ _e4\"> </span>11.820 <span class=\"_ _c6\"> </span>2.937 T<span class=\"_ _0\"></span>otal  <span class=\"_ _e5\"> </span>80.605 <span class=\"_ _e6\"> </span>45.446",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-133-3": {
   "value": "A. Base de la division en segments Cener<span class=\"_ _1\"></span>gy Holdings se divise en deux segments op\u00e9rationnels principaux : \u2022 <span class=\"_ _20\"> </span>C\u00e2bles ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> \u00c0 des fins de gestion, Cener<span class=\"_ _1\"></span>gy Holdings est compos\u00e9e de deux segments op\u00e9r<span class=\"_ _1\"></span>ationnels principaux, qui op\u00e8rent au sein de secteurs diff\u00e9r<span class=\"_ _1\"></span>ents. Ces segments, qui offrent diff\u00e9r<span class=\"_ _1\"></span>ents produits et services, sont g\u00e9r\u00e9s s\u00e9par\u00e9ment, car ils exigent des s<span class=\"_ _1\"></span>trat\u00e9gies mark<span class=\"_ _1\"></span>eting et technologiques diff\u00e9rent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Une telle or<span class=\"_ _1\"></span>ganisation structurelle es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e en fonction de la natur<span class=\"_ _1\"></span>e des risques et des rendements li\u00e9s \u00e0 chaque segment op\u00e9rationnel. Elle s\u2019<span class=\"_ _1\"></span>appuie sur la structure de ges<span class=\"_ _1\"></span>tion, ainsi que sur le syst\u00e8me de r<span class=\"_ _1\"></span>eporting interne. Elle repr\u00e9sent<span class=\"_ _1\"></span>e la base selon laquelle Cenergy Holdings c<span class=\"_ _1\"></span>ommunique ses informations par segments.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019analyse des segments pr\u00e9sent\u00e9e dans les pr\u00e9sents \u00e9tats financiers c<span class=\"_ _1\"></span>onsolid\u00e9s est le reflet des activit\u00e9s analy<span class=\"_ _1\"></span>s\u00e9es<span class=\"_ _8\"></span> par secteur d\u2019<span class=\"_ _1\"></span>activit\u00e9. C'est la fa\u00e7on dont le principal d\u00e9cideur op\u00e9ra<span class=\"_ _1\"></span>tionnel de Cenergy Holdings e<span class=\"_ _1\"></span>xamine<span class=\"_ _8\"></span> r\u00e9guli\u00e8rement les r\u00e9sultats op\u00e9r<span class=\"_ _1\"></span>ationnels du groupe afin d'allouer des r<span class=\"_ _1\"></span>essourc<span class=\"_ _1\"></span>es aux segments et d'\u00e9valuer leurs performances. Ci-apr\u00e8s figure une br\u00e8v<span class=\"_ _1\"></span>e description des segments : \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17\">C\u00e2bles</span><span class=\"ws1\"> : Hellenic Cables, ses filiales, et Icme Ecab S.A. produisent des c\u00e2bles \u00e9lectriques, des c\u00e2bles de </span>t\u00e9l\u00e9communications et des c\u00e2bles sous-marins, ainsi que des c\u00e2bles et c<span class=\"_ _1\"></span>ompos\u00e9s \u00e9maill\u00e9s.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17 ws1\">T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"ff19\"> : Corinth Pipew<span class=\"_ _1\"></span>orks produit des tubes d\u2019<span class=\"_ _1\"></span>acier destin\u00e9s au transport de gaz natur<span class=\"_ _1\"></span>el, de p\u00e9trole et </span></span>d\u2019<span class=\"_ _1\"></span>eau hydr<span class=\"_ _1\"></span>og\u00e8ne et technologie CSS (<span class=\"_ _1\"></span>carbon capture and st<span class=\"_ _1\"></span>orage<span class=\"_ _1\"></span>), ainsi que des profil\u00e9s creux en acier des<span class=\"_ _1\"></span>tin\u00e9s<span class=\"_ _8\"></span> \u00e0 des chantiers de construction. \u2022 <span class=\"_ _2c\"> </span><span class=\"ff17 ws1\">Autres activit\u00e9s<span class=\"ff19\"> : Le segment compr<span class=\"_ _1\"></span>end les activit\u00e9s de la soci\u00e9t\u00e9 de portefeuille<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-149-3": {
   "value": "7<span class=\"_ _0\"></span>. Chiffre d'aff<span class=\"_ _1\"></span>aires A. Principales m\u00e9thodes comptables Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur la base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client, \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>clusion des sommes per\u00e7ues pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la v<span class=\"_ _1\"></span>ente lorsqu'elle transf\u00e8r<span class=\"_ _1\"></span>e le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. Pour la m\u00e9thode comptable d\u00e9taill\u00e9e, v<span class=\"_ _1\"></span>oir la note 5.3. B. Nature des biens et servic<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Projets de tubes d\u2019acier Corinth Pipe<span class=\"_ _1\"></span>works produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s principalement des<span class=\"_ _1\"></span>tin\u00e9s aux pipelines onshore et offshore pour le tr<span class=\"_ _1\"></span>ansport du p\u00e9trole, du gaz et de l\u2019h<span class=\"_ _1\"></span>ydr<span class=\"_ _1\"></span>og\u00e8ne, ainsi que du CSC (captur<span class=\"_ _1\"></span>e et stockage du carbone<span class=\"_ _1\"></span>)<span class=\"_ _8\"></span> et des tubes de for<span class=\"_ _1\"></span>age. Conform\u00e9ment aux clauses des contr<span class=\"_ _1\"></span>ats et en raison du degr\u00e9 \u00e9le<span class=\"_ _1\"></span>v\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du<span class=\"_ _8\"></span> cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la dat<span class=\"_ _1\"></span>e consid\u00e9r\u00e9e si le contra<span class=\"_ _1\"></span>t est r\u00e9sili\u00e9 par le client ou une autre partie pour des r<span class=\"_ _1\"></span>aisons autres que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par cons\u00e9quent, est c<span class=\"_ _1\"></span>omptabilis\u00e9 progr<span class=\"_ _1\"></span>essivement. Sections structurelles creuses Ces pr<span class=\"_ _1\"></span>oduits en acier sont principalement utilis\u00e9s dans le secteur de la construction et c<span class=\"_ _1\"></span>omme composantes structur<span class=\"_ _1\"></span>elles des constructions m\u00e9talliques. En ce qui c<span class=\"_ _1\"></span>oncerne la vent<span class=\"_ _1\"></span>e de ces produits, la v<span class=\"_ _1\"></span>ente est comptabilis\u00e9e au moment o\u00f9 le contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. Projets li\u00e9s aux c\u00e2bles Dans le segment C\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent des syst\u00e8mes de c\u00e2bles \u00ab cl\u00e9 en main \u00bb, ce qui implique la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles complets. En outr<span class=\"_ _1\"></span>e, les produits personnalis\u00e9s sont fabriqu\u00e9s pour les conne<span class=\"_ _1\"></span>xions au r\u00e9seau, les parcs \u00e9oliens offshor<span class=\"_ _1\"></span>e/<span class=\"_ _1\"></span>onshor<span class=\"_ _1\"></span>e et d\u2019autres pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> d\u2019\u00e9lectricit\u00e9. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alt<span class=\"_ _1\"></span>ernative<span class=\"_ _1\"></span>, \u00e9tant donn\u00e9 qu\u2019ils sont produits sur la base du cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la date c<span class=\"_ _1\"></span>onsid\u00e9r\u00e9e si le contrat es<span class=\"_ _1\"></span>t r\u00e9sili\u00e9 par le client ou une autre partie pour des raisons autr<span class=\"_ _1\"></span>es que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par c<span class=\"_ _1\"></span>ons\u00e9quent, est comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement. La dur\u00e9e typique d'un contr<span class=\"_ _1\"></span>at pour des projets cl\u00e9 en main d\u00e9passe 12 mois. Pour les projets cl\u00e9s en main, le Gr<span class=\"_ _1\"></span>oupe comptabilise s\u00e9par\u00e9ment les pr<span class=\"_ _1\"></span>oduits et services s'ils sont distincts - c'est -\u00e0- dir<span class=\"_ _1\"></span>e si<span class=\"_ _8\"></span> un produit ou servic<span class=\"_ _1\"></span>e est identifiable s\u00e9par\u00e9ment des autres \u00e9l\u00e9ments des c<span class=\"_ _1\"></span>ontrats et si un client peut en b\u00e9n\u00e9ficier<span class=\"_ _1\"></span>. C\u00e2bles d\u2019alimenta<span class=\"_ _1\"></span>tions et de t\u00e9l\u00e9communications Les pr<span class=\"_ _1\"></span>oduits principaux de cette cat\u00e9gorie sont les c\u00e2bles d\u2019<span class=\"_ _1\"></span>alimentations et les conducteurs a\u00e9riens destin\u00e9s aux r\u00e9seaux de distribution d'\u00e9lectricit\u00e9 des op\u00e9r<span class=\"_ _1\"></span>ateurs du secteur<span class=\"_ _1\"></span>, des servic<span class=\"_ _1\"></span>es aux collectivit\u00e9s, aux applications industrielles, aux applications d\u2019\u00e9ner<span class=\"_ _1\"></span>gie renouv<span class=\"_ _1\"></span>elable, aux r\u00e9seaux de transport ferr<span class=\"_ _1\"></span>oviair<span class=\"_ _1\"></span>e et au b\u00e2timent. Cette cat\u00e9gorie inclut \u00e9galement les c\u00e2bles de t\u00e9l\u00e9communications, de tr<span class=\"_ _1\"></span>ansmission de donn\u00e9es, les c\u00e2bles \u00e0 fibre optique et les c\u00e2bles de signalisation. En ce qui c<span class=\"_ _1\"></span>oncerne ces pr<span class=\"_ _1\"></span>oduits, la vente en est c<span class=\"_ _1\"></span>omptabilis\u00e9e au moment o\u00f9 le<span class=\"_ _8\"></span> contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. C. V<span class=\"_ _1\"></span>entilation du chiffr<span class=\"_ _1\"></span>e d\u2019affaires Au tableau suiv<span class=\"_ _1\"></span>ant, le chiffre d'affair<span class=\"_ _1\"></span>es est ventil\u00e9 par mar<span class=\"_ _1\"></span>ch\u00e9 g\u00e9ographique primair<span class=\"_ _1\"></span>e, lignes principales de produits et services ainsi que le moment de cons<span class=\"_ _1\"></span>tatation de la vent<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le tableau compr<span class=\"_ _1\"></span>end un rappr<span class=\"_ _1\"></span>ochement av<span class=\"_ _1\"></span>ec les segments d\u00e9finis du Groupe (v<span class=\"_ _1\"></span>oir note 6) :<span class=\"_ _8\"></span> March\u00e9s g\u00e9ogr<span class=\"_ _1\"></span>aphiques primaires<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _67\"> </span>2022 <span class=\"_ _80\"> </span>2021 Gr\u00e8ce <span class=\"_ _eb\"> </span>38.620 <span class=\"_ _80\"> </span>21.5<span class=\"_ _1\"></span>70 <span class=\"_ _69\"> </span>396.958 <span class=\"_ _ec\"> </span>332.088 <span class=\"_ _28\"> </span>435.5<span class=\"_ _1\"></span>78 <span class=\"_ _6c\"> </span>353.658 Autres pa<span class=\"_ _1\"></span>ys de l'Union europ\u00e9enne <span class=\"_ _ed\"> </span>128.09<span class=\"_ _1\"></span>7 <span class=\"_ _90\"> </span>134.361 <span class=\"_ _90\"> </span>298.491 <span class=\"_ _a9\"> </span>290.82<span class=\"_ _1\"></span>4 <span class=\"_ _85\"> </span>426.587 <span class=\"_ _ac\"> </span>425.185 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _ee\"> </span>28.644 <span class=\"_ _ef\"> </span>16.360 <span class=\"_ _90\"> </span>148.854 <span class=\"_ _a8\"> </span>105.366 <span class=\"_ _b3\"> </span>177<span class=\"_ _1\"></span>.498 <span class=\"_ _a6\"> </span>121.725 Etats-Unis <span class=\"_ _f0\"> </span>253.255 <span class=\"_ _80\"> </span>16.7<span class=\"_ _1\"></span>92 <span class=\"_ _4f\"> </span>9.555 <span class=\"_ _9f\"> </span>8.683 <span class=\"_ _8b\"> </span>262.810 <span class=\"_ _5f\"> </span>25.4<span class=\"_ _1\"></span>75 Reste du monde <span class=\"_ _f1\"> </span>13.004 <span class=\"_ _7e\"> </span>40.830 <span class=\"_ _1f\"> </span>110.531 <span class=\"_ _88\"> </span>87<span class=\"_ _1\"></span>.330 <span class=\"_ _b3\"> </span>123.535 <span class=\"_ _29\"> </span>128.160  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2c\"> </span>1.426.008 <span class=\"_ _f3\"> </span>1.054.203Principales lignes de produits et services<span class=\"_ _8\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _f4\"> </span>2022 <span class=\"_ _b1\"> </span>2021 Projets de tubes d\u2019<span class=\"_ _1\"></span>acier <span class=\"_ _f5\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _a9\"> </span>375.8<span class=\"_ _1\"></span>70 <span class=\"_ _ec\"> </span>142.234 Sections structurelles cr<span class=\"_ _1\"></span>euses <span class=\"_ _f8\"> </span>57<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>136 <span class=\"_ _80\"> </span>61.477 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _90\"> </span>57<span class=\"_ _0\"></span>.136 <span class=\"_ _69\"> </span>61.4<span class=\"_ _1\"></span>77 Projets li\u00e9s aux c\u00e2bles <span class=\"_ _f9\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7e\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79 <span class=\"_ _5f\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a9\"> </span>273.57<span class=\"_ _1\"></span>9 C\u00e2bles d\u2019alimentations et de  t\u00e9l\u00e9communications et t\u00e9l\u00e9communica<span class=\"_ _1\"></span>tion <span class=\"_ _fa\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7d\"> </span>56<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.519 <span class=\"_ _a9\"> </span>442.825 <span class=\"_ _b3\"> </span>567<span class=\"_ _0\"></span>.519 <span class=\"_ _6c\"> </span>442.825 Autres (fils, ma<span class=\"_ _1\"></span>ti\u00e8res premi\u00e8r<span class=\"_ _1\"></span>es,  marchandises, et<span class=\"_ _1\"></span>c.) <span class=\"_ _fb\"> </span>28.614 <span class=\"_ _53\"> </span>26.202 <span class=\"_ _8d\"> </span>107<span class=\"_ _0\"></span>.687 <span class=\"_ _28\"> </span>107<span class=\"_ _0\"></span>.886 <span class=\"_ _f6\"> </span>136.301 <span class=\"_ _a9\"> </span>134.088  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _fc\"> </span>1.426.008 <span class=\"_ _8a\"> </span>1.054.203Moment de la constata<span class=\"_ _1\"></span>tion des rev<span class=\"_ _1\"></span>enus<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _f4\"> </span>2021<span class=\"fc6 sc0\"> </span><span class=\"_ _62\"> </span>2022 <span class=\"_ _a3\"> </span>20<span class=\"_ _1\"></span>21 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus \u00e0 un moment donn\u00e9 <span class=\"_ _fd\"> </span>85.7<span class=\"_ _1\"></span>50 <span class=\"_ _9f\"> </span>87<span class=\"_ _0\"></span>.679 <span class=\"_ _69\"> </span>675.206 <span class=\"_ _85\"> </span>550.<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>12<span class=\"fc6 sc0\"> </span><span class=\"_ _ac\"> </span>760.956 <span class=\"_ _ac\"> </span>638.391 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus progressiv<span class=\"_ _1\"></span>ement <span class=\"_ _fe\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _8d\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79<span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span>665.<span class=\"_ _1\"></span>052 <span class=\"_ _a6\"> </span>415.813  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2d\"> </span>1.426.008 <span class=\"_ _52\"> </span>1.054.203Le chiffr<span class=\"_ _1\"></span>e d'affaires a augment\u00e9 de 35 % en glis<span class=\"_ _1\"></span>sement annuel pour atteindre 1.<span class=\"_ _1\"></span>426 millions d'euros. T<span class=\"_ _0\"></span>outes les usines de c\u00e2bles ont fonctionn\u00e9 \u00e0 une capacit\u00e9 de pr<span class=\"_ _1\"></span>oduction proche de la pleine capacit\u00e9 tout au long de l'ann\u00e9e, c<span class=\"_ _1\"></span>e qui<span class=\"_ _8\"></span> a permis d\u2019augment<span class=\"_ _1\"></span>er les rev<span class=\"_ _1\"></span>enus du segment de 17 % (+6 % dans les projets de c\u00e2bles et +28 % dans les pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> d\u2019alimentations et de t\u00e9l\u00e9c<span class=\"_ _1\"></span>ommunications), tandis que les tubes d\u2019acier ont plus que doubl\u00e9 leur chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es par rapport \u00e0 20<span class=\"_ _1\"></span>21. Dans le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, envir<span class=\"_ _1\"></span>on les deux tiers de la variation des v<span class=\"_ _1\"></span>entes sont attribuables \u00e0 une augmentation du v<span class=\"_ _1\"></span>olume des ventes, tandis que le r<span class=\"_ _1\"></span>este est at<span class=\"_ _1\"></span>tribuable \u00e0 l'effet de l'augmentation des prix de l'acier (le prix moy<span class=\"_ _1\"></span>en de l'acier en 2022 \u00e9tait sup\u00e9rieur de 22 % \u00e0 celui de 20<span class=\"_ _1\"></span>21).<span class=\"_ _8\"></span> Le chiffr<span class=\"_ _1\"></span>e d'affaires qui de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 \u00e0 l'av<span class=\"_ _1\"></span>enir pour les obligations de prestation qui ne sont pas remplies (<span class=\"_ _1\"></span>ou que partiellement remplies<span class=\"_ _1\"></span>) \u00e0 la date de cl\u00f4ture s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 525,6 millions d'eur<span class=\"_ _1\"></span>os. Un montant de 463,4 millions d'euros de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 au cours de l'ann\u00e9e 2023, tandis que le montant de 62,2 millions d'eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait \u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9 au cours des p\u00e9riodes \u00e0 partir de 2024 sur la base des calendriers inclus dans les c<span class=\"_ _1\"></span>ontrats ouverts au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, dont les dur\u00e9es initiales pr\u00e9vues d\u00e9pas<span class=\"_ _1\"></span>saient un an et la comptabilisation des vent<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait d\u00e9but\u00e9 en 2022 ou lors de p\u00e9riodes ant\u00e9rieures. D<span class=\"_ _1\"></span>. Soldes des contrats Le tableau suiv<span class=\"_ _1\"></span>ant fournit des informations sur les actifs et passifs sur c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ff\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _21\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _100\"> </span>195.481 <span class=\"_ _101\"> </span>98.217 Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _102\"> </span>118.669 <span class=\"_ _c0\"> </span>35.898 Parmi lesquels : passifs sur c<span class=\"_ _1\"></span>ontrats \u00e0 long terme <span class=\"_ _103\"> </span>9.<span class=\"_ _1\"></span>889 <span class=\"_ _c6\"> </span>9.<span class=\"_ _1\"></span>889Les v<span class=\"_ _1\"></span>ariations importantes des actifs et passifs sur contr<span class=\"_ _1\"></span>ats au cours de la p\u00e9riode se pr\u00e9sentent c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _104\"> </span>Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _5b\"> </span>Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _105\"> </span>2022 2021 <span class=\"_ _52\"> </span>2022 <span class=\"_ _106\"> </span>2021 Solde d'ouvertur<span class=\"_ _1\"></span>e <span class=\"_ _107\"> </span>98.217 <span class=\"_ _108\"> </span>64.875 <span class=\"_ _71\"> </span>3<span class=\"_ _1\"></span>5.898 <span class=\"_ _4f\"> </span>40<span class=\"_ _1\"></span>.085 Rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s qui \u00e9taient inclus dans le  solde des passifs sur contr<span class=\"_ _1\"></span>ats \u00e0 l'ouvertur<span class=\"_ _1\"></span>e de la p\u00e9riode <span class=\"_ _b7\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _21\"> </span>(24.223) <span class=\"_ _86\"> </span>(19.<span class=\"_ _1\"></span>727) Augmentations dues \u00e0 l'encaissement, \u00e0 l'e<span class=\"_ _1\"></span>xclusion des  montants comptabilis\u00e9s en r<span class=\"_ _1\"></span>evenus au c<span class=\"_ _1\"></span>ours de la p\u00e9riode <span class=\"_ _10a\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _4f\"> </span>106.994 <span class=\"_ _34\"> </span>15.542 T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansferts des actifs sur contr<span class=\"_ _1\"></span>at comptabilis\u00e9s au  d\u00e9but de la p\u00e9riode vers les cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _10b\"> </span>(69.<span class=\"_ _1\"></span>171) <span class=\"_ _ef\"> </span>(57<span class=\"_ _0\"></span>.268) <span class=\"_ _e8\"> </span>-  <span class=\"_ _5c\"> </span>-  Augmentations r\u00e9sultant de changements dans  la mesure du pr<span class=\"_ _1\"></span>ogr\u00e8s <span class=\"_ _e7\"> </span>166.<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>4 <span class=\"_ _86\"> </span>90.784 <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Ecarts de change <span class=\"_ _10c\"> </span>(454) <span class=\"_ _99\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _10d\"> </span>(2) Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _8e\"> </span>(12) <span class=\"_ _10e\"> </span>(175) <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _10f\"> </span>127 <span class=\"_ _99\"> </span>-  <span class=\"_ _110\"> </span>-  <span class=\"_ _5c\"> </span>-  Solde de cl\u00f4ture <span class=\"_ _111\"> </span>195.481 <span class=\"_ _112\"> </span>98.217 <span class=\"_ _113\"> </span>118.669 <span class=\"_ _44\"> </span>35.898Les actifs sur contr<span class=\"_ _1\"></span>ats ont augment\u00e9 de 97<span class=\"_ _0\"></span>,3 millions d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021. C<span class=\"_ _1\"></span>ette augmentation est attribu\u00e9e \u00e0 la f<span class=\"_ _1\"></span>ois au segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier (38,8 millions d\u2019eur<span class=\"_ _1\"></span>os) en r<span class=\"_ _1\"></span>aison de la croissance des activit\u00e9s li\u00e9es aux projets et au segment C\u00e2bles (58,5 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os) en raison du calendrier de f<span class=\"_ _1\"></span>acturation des pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> sp\u00e9cifiques en cours pour lesquels la pr<span class=\"_ _1\"></span>oduction a commenc\u00e9 au cours du deuxi\u00e8me semestr<span class=\"_ _1\"></span>e de l\u2019ann\u00e9e. Les passifs sur c<span class=\"_ _1\"></span>ontrat se r<span class=\"_ _1\"></span>apportent essentiellement \u00e0 l\u2019a<span class=\"_ _1\"></span>vance de c<span class=\"_ _1\"></span>ontrepartie re\u00e7ue de la part de clients pour la fabrication de pr<span class=\"_ _1\"></span>oduits sur mesure ou de pr<span class=\"_ _1\"></span>ojets d\u2019\u00e9nergie dont le chiffre d\u2019<span class=\"_ _1\"></span>affair<span class=\"_ _1\"></span>es est comptabilis\u00e9 progr<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>ement. Les passifs sur contr<span class=\"_ _1\"></span>at qui devr<span class=\"_ _1\"></span>aient \u00eatre r\u00e9gl\u00e9s dans un d\u00e9lai de plus d'un an sont class\u00e9s comme passifs non cour<span class=\"_ _1\"></span>ants (9.889 milliers d'eur<span class=\"_ _1\"></span>os au 31 d\u00e9cembre 2021). L<span class=\"_ _1\"></span>e passif sur contra<span class=\"_ _1\"></span>t a augment\u00e9 de 82,5 millions<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021, principalement en r<span class=\"_ _1\"></span>aison des acomptes r<span class=\"_ _1\"></span>e\u00e7us \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice pour l\u2019<span class=\"_ _1\"></span>ex\u00e9cution de pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques de tubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> E. Co\u00fbts des contr<span class=\"_ _1\"></span>ats La Direction s'at<span class=\"_ _1\"></span>tend \u00e0 ce que les char<span class=\"_ _1\"></span>ges, commissions et autres fr<span class=\"_ _1\"></span>ais associ\u00e9s \u00e0 l'obtention de c<span class=\"_ _1\"></span>ontrats pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie soient rec<span class=\"_ _1\"></span>ouvrables. Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 les frais engag\u00e9s pour l'obt<span class=\"_ _1\"></span>ention d'un<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>at de 236 milliers d\u2019<span class=\"_ _1\"></span>euros comme fr<span class=\"_ _1\"></span>ais contractuels au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 389 milliers d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> En outre<span class=\"_ _1\"></span>, les co\u00fbts pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat sont capitalis\u00e9s s'ils sont dir<span class=\"_ _1\"></span>ectement associ\u00e9s au contr<span class=\"_ _1\"></span>at et<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables. Ces c<span class=\"_ _1\"></span>o\u00fbts de contrats peuv<span class=\"_ _1\"></span>ent inclure les mat\u00e9riaux utilis\u00e9s pour les t<span class=\"_ _1\"></span>ests n\u00e9cessair<span class=\"_ _1\"></span>es \u00e0 la production, les co\u00fbts de main-d'\u0153uvr<span class=\"_ _1\"></span>e, les frais d'assur<span class=\"_ _1\"></span>ance et autr<span class=\"_ _1\"></span>es co\u00fbts n\u00e9cessair<span class=\"_ _1\"></span>es pour remplir les obligations de pres<span class=\"_ _1\"></span>tation d'un contrat une f<span class=\"_ _1\"></span>ois qu'il est obtenu, mais av<span class=\"_ _1\"></span>ant de transf\u00e9r<span class=\"_ _1\"></span>er le contr\u00f4le des biens ou de rendr<span class=\"_ _1\"></span>e des services au client. Les fr<span class=\"_ _1\"></span>ais engag\u00e9s pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat les 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021 \u00e9taient nuls. Par cons\u00e9quent, le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 comme c<span class=\"_ _1\"></span>o\u00fbts des contrats un montant de 236 milliers d'euros, dont un montant de 222 milliers d'eur<span class=\"_ _1\"></span>os est class\u00e9 comme actifs non c<span class=\"_ _1\"></span>ourants. Les co\u00fbts des c<span class=\"_ _1\"></span>ontrats li\u00e9s \u00e0 l'obtention ou \u00e0 l'e<span class=\"_ _1\"></span>x\u00e9cution d'un contr<span class=\"_ _1\"></span>at sont pass\u00e9s en charges du c<span class=\"_ _1\"></span>o\u00fbt des ventes lorsque les produits c<span class=\"_ _1\"></span>orrespondants sont comptabilis\u00e9s. En 20<span class=\"_ _1\"></span>22, il n'y a pas eu de perte de valeur li\u00e9e aux co\u00fbts des contr<span class=\"_ _1\"></span>ats.<span class=\"_ _8\"></span> F<span class=\"_ _0\"></span>. Jugements essentiels dans la comptabilisation du chiffre d\u2019<span class=\"_ _1\"></span>affaires Lors de la comptabilisation du chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de pres<span class=\"_ _1\"></span>tation, l'identification des obligations de pres<span class=\"_ _1\"></span>tation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de pr<span class=\"_ _1\"></span>estation. Les estimations les plus significativ<span class=\"_ _1\"></span>es sont d\u00e9crites ci-dessous : \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats incluant plusieurs obligations de pr<span class=\"_ _1\"></span>estation se r<span class=\"_ _1\"></span>etrouv<span class=\"_ _1\"></span>ent principalement dans le segment C\u00e2bles,<span class=\"_ _8\"></span> concernant des pr<span class=\"_ _1\"></span>ojets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, c<span class=\"_ _1\"></span>omme d\u00e9crit dans<span class=\"_ _8\"></span> la note 7<span class=\"_ _0\"></span>.B et la note 5.3. Dans ces cas, le t<span class=\"_ _1\"></span>otal du prix de l\u2019op\u00e9r<span class=\"_ _1\"></span>ation est allou\u00e9 \u00e0 ces obligations de pr<span class=\"_ _1\"></span>estation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou servic<span class=\"_ _1\"></span>es promis, livr\u00e9 de fa\u00e7on isol\u00e9e<span class=\"_ _1\"></span>. Si ces biens et services ne sont pas v<span class=\"_ _1\"></span>endus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus mar<span class=\"_ _1\"></span>ge \u00bb est adopt\u00e9e. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus pro<span class=\"_ _1\"></span>venant de la f<span class=\"_ _1\"></span>abrication de produits sur mesur<span class=\"_ _1\"></span>e pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie sont comptabilis\u00e9s au<span class=\"_ _8\"></span> fur et \u00e0 mesure<span class=\"_ _1\"></span>. Dans de tels projets, les c<span class=\"_ _1\"></span>ontrats sign\u00e9s par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings comprennent deux engagements : \u2022 <span class=\"_ _20\"> </span>pr<span class=\"_ _1\"></span>oduire des pr<span class=\"_ _1\"></span>oduits sur mesure en fonction des sp\u00e9cifications des clients et \u2022 <span class=\"_ _20\"> </span>tr<span class=\"_ _1\"></span>ansporter ces pr<span class=\"_ _1\"></span>oduits sur le site du client.  <span class=\"_ _6c\"> </span>Dans de t<span class=\"_ _1\"></span>els cas, le transport est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une obligation de prestation dis<span class=\"_ _1\"></span>tincte, car les deux crit\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9nonc\u00e9s dans IFRS 15.27 sont r<span class=\"_ _1\"></span>emplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport off<span class=\"_ _1\"></span>ert et que la<span class=\"_ _8\"></span> promes<span class=\"_ _1\"></span>se de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de c<span class=\"_ _1\"></span>es produits personnalis\u00e9s.  <span class=\"_ _6c\"> </span>Le chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es pour les commandes de produits standar<span class=\"_ _1\"></span>dis\u00e9s (sections structur<span class=\"_ _1\"></span>elles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s<span class=\"_ _1\"></span>) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'es<span class=\"_ _1\"></span>t pas consid\u00e9r\u00e9 comme une obligation de pr<span class=\"_ _1\"></span>estation distincte, puisque le deuxi\u00e8me crit\u00e8r<span class=\"_ _1\"></span>e de la norme IFRS 15.27 n'est pas r<span class=\"_ _1\"></span>espect\u00e9.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>ertains contrats a<span class=\"_ _1\"></span>vec des clients impliquent un c<span class=\"_ _1\"></span>o\u00fbt de transaction variable<span class=\"_ _1\"></span>, car ils incluent une remise sur le volume ou une r<span class=\"_ _1\"></span>emise commer<span class=\"_ _1\"></span>ciale bas\u00e9e sur le total des vent<span class=\"_ _1\"></span>es au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le pr<span class=\"_ _1\"></span>oduit est comptabilis\u00e9 en fonction des v<span class=\"_ _1\"></span>entes pr\u00e9vues au client tout au long de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice, \u00e0 mesure que c<span class=\"_ _1\"></span>es ventes sont r\u00e9alis\u00e9es et que de nouv<span class=\"_ _1\"></span>elles commandes sont r<span class=\"_ _1\"></span>e\u00e7ues et dans la mesure o\u00f9 il est hautement pr<span class=\"_ _1\"></span>obable qu\u2019il ne sera pas n\u00e9ces<span class=\"_ _1\"></span>saire de proc\u00e9der \u00e0 une r<span class=\"_ _1\"></span>eprise significative du montant cumul\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-149-4": {
   "value": "7<span class=\"_ _0\"></span>. Chiffre d'aff<span class=\"_ _1\"></span>aires A. Principales m\u00e9thodes comptables Le chiffr<span class=\"_ _1\"></span>e d'affaires est \u00e9v<span class=\"_ _1\"></span>alu\u00e9 sur la base de la contr<span class=\"_ _1\"></span>epartie sp\u00e9cifi\u00e9e dans le contrat c<span class=\"_ _1\"></span>onclu avec le client, \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>clusion des sommes per\u00e7ues pour le compte de tiers. Cener<span class=\"_ _1\"></span>gy Holdings comptabilise la v<span class=\"_ _1\"></span>ente lorsqu'elle transf\u00e8r<span class=\"_ _1\"></span>e le contr\u00f4le d'un pr<span class=\"_ _1\"></span>oduit ou d'un service \u00e0 un client. Pour la m\u00e9thode comptable d\u00e9taill\u00e9e, v<span class=\"_ _1\"></span>oir la note 5.3. B. Nature des biens et servic<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> Projets de tubes d\u2019acier Corinth Pipe<span class=\"_ _1\"></span>works produit et v<span class=\"_ _1\"></span>end des produits personnalis\u00e9s principalement des<span class=\"_ _1\"></span>tin\u00e9s aux pipelines onshore et offshore pour le tr<span class=\"_ _1\"></span>ansport du p\u00e9trole, du gaz et de l\u2019h<span class=\"_ _1\"></span>ydr<span class=\"_ _1\"></span>og\u00e8ne, ainsi que du CSC (captur<span class=\"_ _1\"></span>e et stockage du carbone<span class=\"_ _1\"></span>)<span class=\"_ _8\"></span> et des tubes de for<span class=\"_ _1\"></span>age. Conform\u00e9ment aux clauses des contr<span class=\"_ _1\"></span>ats et en raison du degr\u00e9 \u00e9le<span class=\"_ _1\"></span>v\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alterna<span class=\"_ _1\"></span>tive, \u00e9tant donn\u00e9 qu\u2019ils sont pr<span class=\"_ _1\"></span>oduits sur la base du<span class=\"_ _8\"></span> cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la dat<span class=\"_ _1\"></span>e consid\u00e9r\u00e9e si le contra<span class=\"_ _1\"></span>t est r\u00e9sili\u00e9 par le client ou une autre partie pour des r<span class=\"_ _1\"></span>aisons autres que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par cons\u00e9quent, est c<span class=\"_ _1\"></span>omptabilis\u00e9 progr<span class=\"_ _1\"></span>essivement. Sections structurelles creuses Ces pr<span class=\"_ _1\"></span>oduits en acier sont principalement utilis\u00e9s dans le secteur de la construction et c<span class=\"_ _1\"></span>omme composantes structur<span class=\"_ _1\"></span>elles des constructions m\u00e9talliques. En ce qui c<span class=\"_ _1\"></span>oncerne la vent<span class=\"_ _1\"></span>e de ces produits, la v<span class=\"_ _1\"></span>ente est comptabilis\u00e9e au moment o\u00f9 le contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. Projets li\u00e9s aux c\u00e2bles Dans le segment C\u00e2bles, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings produisent et v<span class=\"_ _1\"></span>endent des syst\u00e8mes de c\u00e2bles \u00ab cl\u00e9 en main \u00bb, ce qui implique la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de sy<span class=\"_ _1\"></span>st\u00e8mes de c\u00e2bles complets. En outr<span class=\"_ _1\"></span>e, les produits personnalis\u00e9s sont fabriqu\u00e9s pour les conne<span class=\"_ _1\"></span>xions au r\u00e9seau, les parcs \u00e9oliens offshor<span class=\"_ _1\"></span>e/<span class=\"_ _1\"></span>onshor<span class=\"_ _1\"></span>e et d\u2019autres pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> d\u2019\u00e9lectricit\u00e9. Conform\u00e9ment aux clauses des c<span class=\"_ _1\"></span>ontrats et en r<span class=\"_ _1\"></span>aison du degr\u00e9 \u00e9lev\u00e9 de personnalisation, ces pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> ne pr\u00e9sentent pas de possibilit\u00e9 d\u2019utilisation alt<span class=\"_ _1\"></span>ernative<span class=\"_ _1\"></span>, \u00e9tant donn\u00e9 qu\u2019ils sont produits sur la base du cahier des charges du client. En m\u00eame t<span class=\"_ _1\"></span>emps, il exist<span class=\"_ _1\"></span>e un droit ex\u00e9cut<span class=\"_ _1\"></span>oire \u00e0 un paiement au titr<span class=\"_ _1\"></span>e de la prestation effectu\u00e9e jusqu\u2019\u00e0 la date c<span class=\"_ _1\"></span>onsid\u00e9r\u00e9e si le contrat es<span class=\"_ _1\"></span>t r\u00e9sili\u00e9 par le client ou une autre partie pour des raisons autr<span class=\"_ _1\"></span>es que la non-ex\u00e9cution de la pr<span class=\"_ _1\"></span>estation pr<span class=\"_ _1\"></span>omise par Cenergy Holdings. Le chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es de ces projets, par c<span class=\"_ _1\"></span>ons\u00e9quent, est comptabilis\u00e9 pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>ement. La dur\u00e9e typique d'un contr<span class=\"_ _1\"></span>at pour des projets cl\u00e9 en main d\u00e9passe 12 mois. Pour les projets cl\u00e9s en main, le Gr<span class=\"_ _1\"></span>oupe comptabilise s\u00e9par\u00e9ment les pr<span class=\"_ _1\"></span>oduits et services s'ils sont distincts - c'est -\u00e0- dir<span class=\"_ _1\"></span>e si<span class=\"_ _8\"></span> un produit ou servic<span class=\"_ _1\"></span>e est identifiable s\u00e9par\u00e9ment des autres \u00e9l\u00e9ments des c<span class=\"_ _1\"></span>ontrats et si un client peut en b\u00e9n\u00e9ficier<span class=\"_ _1\"></span>. C\u00e2bles d\u2019alimenta<span class=\"_ _1\"></span>tions et de t\u00e9l\u00e9communications Les pr<span class=\"_ _1\"></span>oduits principaux de cette cat\u00e9gorie sont les c\u00e2bles d\u2019<span class=\"_ _1\"></span>alimentations et les conducteurs a\u00e9riens destin\u00e9s aux r\u00e9seaux de distribution d'\u00e9lectricit\u00e9 des op\u00e9r<span class=\"_ _1\"></span>ateurs du secteur<span class=\"_ _1\"></span>, des servic<span class=\"_ _1\"></span>es aux collectivit\u00e9s, aux applications industrielles, aux applications d\u2019\u00e9ner<span class=\"_ _1\"></span>gie renouv<span class=\"_ _1\"></span>elable, aux r\u00e9seaux de transport ferr<span class=\"_ _1\"></span>oviair<span class=\"_ _1\"></span>e et au b\u00e2timent. Cette cat\u00e9gorie inclut \u00e9galement les c\u00e2bles de t\u00e9l\u00e9communications, de tr<span class=\"_ _1\"></span>ansmission de donn\u00e9es, les c\u00e2bles \u00e0 fibre optique et les c\u00e2bles de signalisation. En ce qui c<span class=\"_ _1\"></span>oncerne ces pr<span class=\"_ _1\"></span>oduits, la vente en est c<span class=\"_ _1\"></span>omptabilis\u00e9e au moment o\u00f9 le<span class=\"_ _8\"></span> contr\u00f4le des biens v<span class=\"_ _1\"></span>endus est transf\u00e9r\u00e9. C. V<span class=\"_ _1\"></span>entilation du chiffr<span class=\"_ _1\"></span>e d\u2019affaires Au tableau suiv<span class=\"_ _1\"></span>ant, le chiffre d'affair<span class=\"_ _1\"></span>es est ventil\u00e9 par mar<span class=\"_ _1\"></span>ch\u00e9 g\u00e9ographique primair<span class=\"_ _1\"></span>e, lignes principales de produits et services ainsi que le moment de cons<span class=\"_ _1\"></span>tatation de la vent<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> Le tableau compr<span class=\"_ _1\"></span>end un rappr<span class=\"_ _1\"></span>ochement av<span class=\"_ _1\"></span>ec les segments d\u00e9finis du Groupe (v<span class=\"_ _1\"></span>oir note 6) :<span class=\"_ _8\"></span> March\u00e9s g\u00e9ogr<span class=\"_ _1\"></span>aphiques primaires<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _67\"> </span>2022 <span class=\"_ _80\"> </span>2021 Gr\u00e8ce <span class=\"_ _eb\"> </span>38.620 <span class=\"_ _80\"> </span>21.5<span class=\"_ _1\"></span>70 <span class=\"_ _69\"> </span>396.958 <span class=\"_ _ec\"> </span>332.088 <span class=\"_ _28\"> </span>435.5<span class=\"_ _1\"></span>78 <span class=\"_ _6c\"> </span>353.658 Autres pa<span class=\"_ _1\"></span>ys de l'Union europ\u00e9enne <span class=\"_ _ed\"> </span>128.09<span class=\"_ _1\"></span>7 <span class=\"_ _90\"> </span>134.361 <span class=\"_ _90\"> </span>298.491 <span class=\"_ _a9\"> </span>290.82<span class=\"_ _1\"></span>4 <span class=\"_ _85\"> </span>426.587 <span class=\"_ _ac\"> </span>425.185 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _ee\"> </span>28.644 <span class=\"_ _ef\"> </span>16.360 <span class=\"_ _90\"> </span>148.854 <span class=\"_ _a8\"> </span>105.366 <span class=\"_ _b3\"> </span>177<span class=\"_ _1\"></span>.498 <span class=\"_ _a6\"> </span>121.725 Etats-Unis <span class=\"_ _f0\"> </span>253.255 <span class=\"_ _80\"> </span>16.7<span class=\"_ _1\"></span>92 <span class=\"_ _4f\"> </span>9.555 <span class=\"_ _9f\"> </span>8.683 <span class=\"_ _8b\"> </span>262.810 <span class=\"_ _5f\"> </span>25.4<span class=\"_ _1\"></span>75 Reste du monde <span class=\"_ _f1\"> </span>13.004 <span class=\"_ _7e\"> </span>40.830 <span class=\"_ _1f\"> </span>110.531 <span class=\"_ _88\"> </span>87<span class=\"_ _1\"></span>.330 <span class=\"_ _b3\"> </span>123.535 <span class=\"_ _29\"> </span>128.160  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2c\"> </span>1.426.008 <span class=\"_ _f3\"> </span>1.054.203Principales lignes de produits et services<span class=\"_ _8\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _67\"> </span>20<span class=\"_ _1\"></span>21 <span class=\"_ _f4\"> </span>2022 <span class=\"_ _b1\"> </span>2021 Projets de tubes d\u2019<span class=\"_ _1\"></span>acier <span class=\"_ _f5\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _a9\"> </span>375.8<span class=\"_ _1\"></span>70 <span class=\"_ _ec\"> </span>142.234 Sections structurelles cr<span class=\"_ _1\"></span>euses <span class=\"_ _f8\"> </span>57<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>136 <span class=\"_ _80\"> </span>61.477 <span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _90\"> </span>57<span class=\"_ _0\"></span>.136 <span class=\"_ _69\"> </span>61.4<span class=\"_ _1\"></span>77 Projets li\u00e9s aux c\u00e2bles <span class=\"_ _f9\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7e\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79 <span class=\"_ _5f\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a9\"> </span>273.57<span class=\"_ _1\"></span>9 C\u00e2bles d\u2019alimentations et de  t\u00e9l\u00e9communications et t\u00e9l\u00e9communica<span class=\"_ _1\"></span>tion <span class=\"_ _fa\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _7d\"> </span>56<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.519 <span class=\"_ _a9\"> </span>442.825 <span class=\"_ _b3\"> </span>567<span class=\"_ _0\"></span>.519 <span class=\"_ _6c\"> </span>442.825 Autres (fils, ma<span class=\"_ _1\"></span>ti\u00e8res premi\u00e8r<span class=\"_ _1\"></span>es,  marchandises, et<span class=\"_ _1\"></span>c.) <span class=\"_ _fb\"> </span>28.614 <span class=\"_ _53\"> </span>26.202 <span class=\"_ _8d\"> </span>107<span class=\"_ _0\"></span>.687 <span class=\"_ _28\"> </span>107<span class=\"_ _0\"></span>.886 <span class=\"_ _f6\"> </span>136.301 <span class=\"_ _a9\"> </span>134.088  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _fc\"> </span>1.426.008 <span class=\"_ _8a\"> </span>1.054.203Moment de la constata<span class=\"_ _1\"></span>tion des rev<span class=\"_ _1\"></span>enus<span class=\"_ _7\"></span> Segment <span class=\"_ _e7\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _e8\"> </span>C\u00e2bles <span class=\"_ _e9\"> </span>T<span class=\"_ _0\"></span>otal Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ea\"> </span>2022 <span class=\"_ _4f\"> </span>2021 <span class=\"_ _44\"> </span>2022 <span class=\"_ _f4\"> </span>2021<span class=\"fc6 sc0\"> </span><span class=\"_ _62\"> </span>2022 <span class=\"_ _a3\"> </span>20<span class=\"_ _1\"></span>21 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus \u00e0 un moment donn\u00e9 <span class=\"_ _fd\"> </span>85.7<span class=\"_ _1\"></span>50 <span class=\"_ _9f\"> </span>87<span class=\"_ _0\"></span>.679 <span class=\"_ _69\"> </span>675.206 <span class=\"_ _85\"> </span>550.<span class=\"_ _1\"></span>7<span class=\"_ _8\"></span>12<span class=\"fc6 sc0\"> </span><span class=\"_ _ac\"> </span>760.956 <span class=\"_ _ac\"> </span>638.391 Rev<span class=\"_ _1\"></span>enus rec<span class=\"_ _1\"></span>onnus progressiv<span class=\"_ _1\"></span>ement <span class=\"_ _fe\"> </span>37<span class=\"_ _1\"></span>5.870 <span class=\"_ _f6\"> </span>142.234 <span class=\"_ _8d\"> </span>289.<span class=\"_ _1\"></span>182 <span class=\"_ _a8\"> </span>273.5<span class=\"_ _1\"></span>79<span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span>665.<span class=\"_ _1\"></span>052 <span class=\"_ _a6\"> </span>415.813  <span class=\"_ _f2\"> </span>461.620 <span class=\"_ _5f\"> </span>229.913 <span class=\"_ _88\"> </span>964.388 <span class=\"_ _91\"> </span>824.291 <span class=\"_ _2d\"> </span>1.426.008 <span class=\"_ _52\"> </span>1.054.203Le chiffr<span class=\"_ _1\"></span>e d'affaires a augment\u00e9 de 35 % en glis<span class=\"_ _1\"></span>sement annuel pour atteindre 1.<span class=\"_ _1\"></span>426 millions d'euros. T<span class=\"_ _0\"></span>outes les usines de c\u00e2bles ont fonctionn\u00e9 \u00e0 une capacit\u00e9 de pr<span class=\"_ _1\"></span>oduction proche de la pleine capacit\u00e9 tout au long de l'ann\u00e9e, c<span class=\"_ _1\"></span>e qui<span class=\"_ _8\"></span> a permis d\u2019augment<span class=\"_ _1\"></span>er les rev<span class=\"_ _1\"></span>enus du segment de 17 % (+6 % dans les projets de c\u00e2bles et +28 % dans les pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span> d\u2019alimentations et de t\u00e9l\u00e9c<span class=\"_ _1\"></span>ommunications), tandis que les tubes d\u2019acier ont plus que doubl\u00e9 leur chiffr<span class=\"_ _1\"></span>e d\u2019affair<span class=\"_ _1\"></span>es par rapport \u00e0 20<span class=\"_ _1\"></span>21. Dans le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, envir<span class=\"_ _1\"></span>on les deux tiers de la variation des v<span class=\"_ _1\"></span>entes sont attribuables \u00e0 une augmentation du v<span class=\"_ _1\"></span>olume des ventes, tandis que le r<span class=\"_ _1\"></span>este est at<span class=\"_ _1\"></span>tribuable \u00e0 l'effet de l'augmentation des prix de l'acier (le prix moy<span class=\"_ _1\"></span>en de l'acier en 2022 \u00e9tait sup\u00e9rieur de 22 % \u00e0 celui de 20<span class=\"_ _1\"></span>21).<span class=\"_ _8\"></span> Le chiffr<span class=\"_ _1\"></span>e d'affaires qui de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 \u00e0 l'av<span class=\"_ _1\"></span>enir pour les obligations de prestation qui ne sont pas remplies (<span class=\"_ _1\"></span>ou que partiellement remplies<span class=\"_ _1\"></span>) \u00e0 la date de cl\u00f4ture s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 525,6 millions d'eur<span class=\"_ _1\"></span>os. Un montant de 463,4 millions d'euros de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e comptabilis\u00e9 au cours de l'ann\u00e9e 2023, tandis que le montant de 62,2 millions d'eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait \u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9 au cours des p\u00e9riodes \u00e0 partir de 2024 sur la base des calendriers inclus dans les c<span class=\"_ _1\"></span>ontrats ouverts au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, dont les dur\u00e9es initiales pr\u00e9vues d\u00e9pas<span class=\"_ _1\"></span>saient un an et la comptabilisation des vent<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait d\u00e9but\u00e9 en 2022 ou lors de p\u00e9riodes ant\u00e9rieures. D<span class=\"_ _1\"></span>. Soldes des contrats Le tableau suiv<span class=\"_ _1\"></span>ant fournit des informations sur les actifs et passifs sur c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ff\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _21\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _100\"> </span>195.481 <span class=\"_ _101\"> </span>98.217 Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _102\"> </span>118.669 <span class=\"_ _c0\"> </span>35.898 Parmi lesquels : passifs sur c<span class=\"_ _1\"></span>ontrats \u00e0 long terme <span class=\"_ _103\"> </span>9.<span class=\"_ _1\"></span>889 <span class=\"_ _c6\"> </span>9.<span class=\"_ _1\"></span>889Les v<span class=\"_ _1\"></span>ariations importantes des actifs et passifs sur contr<span class=\"_ _1\"></span>ats au cours de la p\u00e9riode se pr\u00e9sentent c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _104\"> </span>Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _5b\"> </span>Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _105\"> </span>2022 2021 <span class=\"_ _52\"> </span>2022 <span class=\"_ _106\"> </span>2021 Solde d'ouvertur<span class=\"_ _1\"></span>e <span class=\"_ _107\"> </span>98.217 <span class=\"_ _108\"> </span>64.875 <span class=\"_ _71\"> </span>3<span class=\"_ _1\"></span>5.898 <span class=\"_ _4f\"> </span>40<span class=\"_ _1\"></span>.085 Rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s qui \u00e9taient inclus dans le  solde des passifs sur contr<span class=\"_ _1\"></span>ats \u00e0 l'ouvertur<span class=\"_ _1\"></span>e de la p\u00e9riode <span class=\"_ _b7\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _21\"> </span>(24.223) <span class=\"_ _86\"> </span>(19.<span class=\"_ _1\"></span>727) Augmentations dues \u00e0 l'encaissement, \u00e0 l'e<span class=\"_ _1\"></span>xclusion des  montants comptabilis\u00e9s en r<span class=\"_ _1\"></span>evenus au c<span class=\"_ _1\"></span>ours de la p\u00e9riode <span class=\"_ _10a\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _4f\"> </span>106.994 <span class=\"_ _34\"> </span>15.542 T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansferts des actifs sur contr<span class=\"_ _1\"></span>at comptabilis\u00e9s au  d\u00e9but de la p\u00e9riode vers les cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _10b\"> </span>(69.<span class=\"_ _1\"></span>171) <span class=\"_ _ef\"> </span>(57<span class=\"_ _0\"></span>.268) <span class=\"_ _e8\"> </span>-  <span class=\"_ _5c\"> </span>-  Augmentations r\u00e9sultant de changements dans  la mesure du pr<span class=\"_ _1\"></span>ogr\u00e8s <span class=\"_ _e7\"> </span>166.<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>4 <span class=\"_ _86\"> </span>90.784 <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Ecarts de change <span class=\"_ _10c\"> </span>(454) <span class=\"_ _99\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _10d\"> </span>(2) Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _8e\"> </span>(12) <span class=\"_ _10e\"> </span>(175) <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _10f\"> </span>127 <span class=\"_ _99\"> </span>-  <span class=\"_ _110\"> </span>-  <span class=\"_ _5c\"> </span>-  Solde de cl\u00f4ture <span class=\"_ _111\"> </span>195.481 <span class=\"_ _112\"> </span>98.217 <span class=\"_ _113\"> </span>118.669 <span class=\"_ _44\"> </span>35.898Les actifs sur contr<span class=\"_ _1\"></span>ats ont augment\u00e9 de 97<span class=\"_ _0\"></span>,3 millions d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021. C<span class=\"_ _1\"></span>ette augmentation est attribu\u00e9e \u00e0 la f<span class=\"_ _1\"></span>ois au segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier (38,8 millions d\u2019eur<span class=\"_ _1\"></span>os) en r<span class=\"_ _1\"></span>aison de la croissance des activit\u00e9s li\u00e9es aux projets et au segment C\u00e2bles (58,5 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os) en raison du calendrier de f<span class=\"_ _1\"></span>acturation des pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> sp\u00e9cifiques en cours pour lesquels la pr<span class=\"_ _1\"></span>oduction a commenc\u00e9 au cours du deuxi\u00e8me semestr<span class=\"_ _1\"></span>e de l\u2019ann\u00e9e. Les passifs sur c<span class=\"_ _1\"></span>ontrat se r<span class=\"_ _1\"></span>apportent essentiellement \u00e0 l\u2019a<span class=\"_ _1\"></span>vance de c<span class=\"_ _1\"></span>ontrepartie re\u00e7ue de la part de clients pour la fabrication de pr<span class=\"_ _1\"></span>oduits sur mesure ou de pr<span class=\"_ _1\"></span>ojets d\u2019\u00e9nergie dont le chiffre d\u2019<span class=\"_ _1\"></span>affair<span class=\"_ _1\"></span>es est comptabilis\u00e9 progr<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>ement. Les passifs sur contr<span class=\"_ _1\"></span>at qui devr<span class=\"_ _1\"></span>aient \u00eatre r\u00e9gl\u00e9s dans un d\u00e9lai de plus d'un an sont class\u00e9s comme passifs non cour<span class=\"_ _1\"></span>ants (9.889 milliers d'eur<span class=\"_ _1\"></span>os au 31 d\u00e9cembre 2021). L<span class=\"_ _1\"></span>e passif sur contra<span class=\"_ _1\"></span>t a augment\u00e9 de 82,5 millions<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021, principalement en r<span class=\"_ _1\"></span>aison des acomptes r<span class=\"_ _1\"></span>e\u00e7us \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice pour l\u2019<span class=\"_ _1\"></span>ex\u00e9cution de pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques de tubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> E. Co\u00fbts des contr<span class=\"_ _1\"></span>ats La Direction s'at<span class=\"_ _1\"></span>tend \u00e0 ce que les char<span class=\"_ _1\"></span>ges, commissions et autres fr<span class=\"_ _1\"></span>ais associ\u00e9s \u00e0 l'obtention de c<span class=\"_ _1\"></span>ontrats pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie soient rec<span class=\"_ _1\"></span>ouvrables. Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 les frais engag\u00e9s pour l'obt<span class=\"_ _1\"></span>ention d'un<span class=\"_ _8\"></span> contr<span class=\"_ _1\"></span>at de 236 milliers d\u2019<span class=\"_ _1\"></span>euros comme fr<span class=\"_ _1\"></span>ais contractuels au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 389 milliers d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> En outre<span class=\"_ _1\"></span>, les co\u00fbts pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat sont capitalis\u00e9s s'ils sont dir<span class=\"_ _1\"></span>ectement associ\u00e9s au contr<span class=\"_ _1\"></span>at et<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables. Ces c<span class=\"_ _1\"></span>o\u00fbts de contrats peuv<span class=\"_ _1\"></span>ent inclure les mat\u00e9riaux utilis\u00e9s pour les t<span class=\"_ _1\"></span>ests n\u00e9cessair<span class=\"_ _1\"></span>es \u00e0 la production, les co\u00fbts de main-d'\u0153uvr<span class=\"_ _1\"></span>e, les frais d'assur<span class=\"_ _1\"></span>ance et autr<span class=\"_ _1\"></span>es co\u00fbts n\u00e9cessair<span class=\"_ _1\"></span>es pour remplir les obligations de pres<span class=\"_ _1\"></span>tation d'un contrat une f<span class=\"_ _1\"></span>ois qu'il est obtenu, mais av<span class=\"_ _1\"></span>ant de transf\u00e9r<span class=\"_ _1\"></span>er le contr\u00f4le des biens ou de rendr<span class=\"_ _1\"></span>e des services au client. Les fr<span class=\"_ _1\"></span>ais engag\u00e9s pour l'ex\u00e9cution d'un c<span class=\"_ _1\"></span>ontrat les 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021 \u00e9taient nuls. Par cons\u00e9quent, le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022, Cener<span class=\"_ _1\"></span>gy Holdings a comptabilis\u00e9 comme c<span class=\"_ _1\"></span>o\u00fbts des contrats un montant de 236 milliers d'euros, dont un montant de 222 milliers d'eur<span class=\"_ _1\"></span>os est class\u00e9 comme actifs non c<span class=\"_ _1\"></span>ourants. Les co\u00fbts des c<span class=\"_ _1\"></span>ontrats li\u00e9s \u00e0 l'obtention ou \u00e0 l'e<span class=\"_ _1\"></span>x\u00e9cution d'un contr<span class=\"_ _1\"></span>at sont pass\u00e9s en charges du c<span class=\"_ _1\"></span>o\u00fbt des ventes lorsque les produits c<span class=\"_ _1\"></span>orrespondants sont comptabilis\u00e9s. En 20<span class=\"_ _1\"></span>22, il n'y a pas eu de perte de valeur li\u00e9e aux co\u00fbts des contr<span class=\"_ _1\"></span>ats.<span class=\"_ _8\"></span> F<span class=\"_ _0\"></span>. Jugements essentiels dans la comptabilisation du chiffre d\u2019<span class=\"_ _1\"></span>affaires Lors de la comptabilisation du chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es, le Groupe \u00e9met des jugements sur le calendrier de r\u00e9alisation des obligations de pres<span class=\"_ _1\"></span>tation, l'identification des obligations de pres<span class=\"_ _1\"></span>tation distinctes, ainsi que le prix de transaction et les montants affect\u00e9s aux obligations de pr<span class=\"_ _1\"></span>estation. Les estimations les plus significativ<span class=\"_ _1\"></span>es sont d\u00e9crites ci-dessous : \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats incluant plusieurs obligations de pr<span class=\"_ _1\"></span>estation se r<span class=\"_ _1\"></span>etrouv<span class=\"_ _1\"></span>ent principalement dans le segment C\u00e2bles,<span class=\"_ _8\"></span> concernant des pr<span class=\"_ _1\"></span>ojets cl\u00e9s en main, et les produits personnalis\u00e9s, dans les deux segments, c<span class=\"_ _1\"></span>omme d\u00e9crit dans<span class=\"_ _8\"></span> la note 7<span class=\"_ _0\"></span>.B et la note 5.3. Dans ces cas, le t<span class=\"_ _1\"></span>otal du prix de l\u2019op\u00e9r<span class=\"_ _1\"></span>ation est allou\u00e9 \u00e0 ces obligations de pr<span class=\"_ _1\"></span>estation sur la base du prix relatif de chaque \u00e9l\u00e9ment, des biens ou servic<span class=\"_ _1\"></span>es promis, livr\u00e9 de fa\u00e7on isol\u00e9e<span class=\"_ _1\"></span>. Si ces biens et services ne sont pas v<span class=\"_ _1\"></span>endus s\u00e9par\u00e9ment, une approche \u00ab co\u00fbt plus mar<span class=\"_ _1\"></span>ge \u00bb est adopt\u00e9e. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus pro<span class=\"_ _1\"></span>venant de la f<span class=\"_ _1\"></span>abrication de produits sur mesur<span class=\"_ _1\"></span>e pour des projets d\u2019\u00e9ner<span class=\"_ _1\"></span>gie sont comptabilis\u00e9s au<span class=\"_ _8\"></span> fur et \u00e0 mesure<span class=\"_ _1\"></span>. Dans de tels projets, les c<span class=\"_ _1\"></span>ontrats sign\u00e9s par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings comprennent deux engagements : \u2022 <span class=\"_ _20\"> </span>pr<span class=\"_ _1\"></span>oduire des pr<span class=\"_ _1\"></span>oduits sur mesure en fonction des sp\u00e9cifications des clients et \u2022 <span class=\"_ _20\"> </span>tr<span class=\"_ _1\"></span>ansporter ces pr<span class=\"_ _1\"></span>oduits sur le site du client.  <span class=\"_ _6c\"> </span>Dans de t<span class=\"_ _1\"></span>els cas, le transport est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une obligation de prestation dis<span class=\"_ _1\"></span>tincte, car les deux crit\u00e8r<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9nonc\u00e9s dans IFRS 15.27 sont r<span class=\"_ _1\"></span>emplis, \u00e9tant donn\u00e9 que le client b\u00e9n\u00e9ficie du service de transport off<span class=\"_ _1\"></span>ert et que la<span class=\"_ _8\"></span> promes<span class=\"_ _1\"></span>se de fournir le bien au client est identifiable s\u00e9par\u00e9ment de la production de c<span class=\"_ _1\"></span>es produits personnalis\u00e9s.  <span class=\"_ _6c\"> </span>Le chiffr<span class=\"_ _1\"></span>e d'affair<span class=\"_ _1\"></span>es pour les commandes de produits standar<span class=\"_ _1\"></span>dis\u00e9s (sections structur<span class=\"_ _1\"></span>elles creuses, fils et c\u00e2bles d'alimentations et de t\u00e9l\u00e9communications non personnalis\u00e9s<span class=\"_ _1\"></span>) est comptabilis\u00e9 \u00e0 un moment donn\u00e9 et le transport n'es<span class=\"_ _1\"></span>t pas consid\u00e9r\u00e9 comme une obligation de pr<span class=\"_ _1\"></span>estation distincte, puisque le deuxi\u00e8me crit\u00e8r<span class=\"_ _1\"></span>e de la norme IFRS 15.27 n'est pas r<span class=\"_ _1\"></span>espect\u00e9.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>ertains contrats a<span class=\"_ _1\"></span>vec des clients impliquent un c<span class=\"_ _1\"></span>o\u00fbt de transaction variable<span class=\"_ _1\"></span>, car ils incluent une remise sur le volume ou une r<span class=\"_ _1\"></span>emise commer<span class=\"_ _1\"></span>ciale bas\u00e9e sur le total des vent<span class=\"_ _1\"></span>es au client au cours d\u2019une p\u00e9riode donn\u00e9e. Dans un tel cas, le pr<span class=\"_ _1\"></span>oduit est comptabilis\u00e9 en fonction des v<span class=\"_ _1\"></span>entes pr\u00e9vues au client tout au long de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice, \u00e0 mesure que c<span class=\"_ _1\"></span>es ventes sont r\u00e9alis\u00e9es et que de nouv<span class=\"_ _1\"></span>elles commandes sont r<span class=\"_ _1\"></span>e\u00e7ues et dans la mesure o\u00f9 il est hautement pr<span class=\"_ _1\"></span>obable qu\u2019il ne sera pas n\u00e9ces<span class=\"_ _1\"></span>saire de proc\u00e9der \u00e0 une r<span class=\"_ _1\"></span>eprise significative du montant cumul\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-151-5": {
   "value": "D<span class=\"_ _1\"></span>. Soldes des contrats Le tableau suiv<span class=\"_ _1\"></span>ant fournit des informations sur les actifs et passifs sur c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ff\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _21\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _100\"> </span>195.481 <span class=\"_ _101\"> </span>98.217 Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _102\"> </span>118.669 <span class=\"_ _c0\"> </span>35.898 Parmi lesquels : passifs sur c<span class=\"_ _1\"></span>ontrats \u00e0 long terme <span class=\"_ _103\"> </span>9.<span class=\"_ _1\"></span>889 <span class=\"_ _c6\"> </span>9.<span class=\"_ _1\"></span>889Les v<span class=\"_ _1\"></span>ariations importantes des actifs et passifs sur contr<span class=\"_ _1\"></span>ats au cours de la p\u00e9riode se pr\u00e9sentent c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _104\"> </span>Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _5b\"> </span>Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _105\"> </span>2022 2021 <span class=\"_ _52\"> </span>2022 <span class=\"_ _106\"> </span>2021 Solde d'ouvertur<span class=\"_ _1\"></span>e <span class=\"_ _107\"> </span>98.217 <span class=\"_ _108\"> </span>64.875 <span class=\"_ _71\"> </span>3<span class=\"_ _1\"></span>5.898 <span class=\"_ _4f\"> </span>40<span class=\"_ _1\"></span>.085 Rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s qui \u00e9taient inclus dans le  solde des passifs sur contr<span class=\"_ _1\"></span>ats \u00e0 l'ouvertur<span class=\"_ _1\"></span>e de la p\u00e9riode <span class=\"_ _b7\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _21\"> </span>(24.223) <span class=\"_ _86\"> </span>(19.<span class=\"_ _1\"></span>727) Augmentations dues \u00e0 l'encaissement, \u00e0 l'e<span class=\"_ _1\"></span>xclusion des  montants comptabilis\u00e9s en r<span class=\"_ _1\"></span>evenus au c<span class=\"_ _1\"></span>ours de la p\u00e9riode <span class=\"_ _10a\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _4f\"> </span>106.994 <span class=\"_ _34\"> </span>15.542 T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansferts des actifs sur contr<span class=\"_ _1\"></span>at comptabilis\u00e9s au  d\u00e9but de la p\u00e9riode vers les cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _10b\"> </span>(69.<span class=\"_ _1\"></span>171) <span class=\"_ _ef\"> </span>(57<span class=\"_ _0\"></span>.268) <span class=\"_ _e8\"> </span>-  <span class=\"_ _5c\"> </span>-  Augmentations r\u00e9sultant de changements dans  la mesure du pr<span class=\"_ _1\"></span>ogr\u00e8s <span class=\"_ _e7\"> </span>166.<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>4 <span class=\"_ _86\"> </span>90.784 <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Ecarts de change <span class=\"_ _10c\"> </span>(454) <span class=\"_ _99\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _10d\"> </span>(2) Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _8e\"> </span>(12) <span class=\"_ _10e\"> </span>(175) <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _10f\"> </span>127 <span class=\"_ _99\"> </span>-  <span class=\"_ _110\"> </span>-  <span class=\"_ _5c\"> </span>-  Solde de cl\u00f4ture <span class=\"_ _111\"> </span>195.481 <span class=\"_ _112\"> </span>98.217 <span class=\"_ _113\"> </span>118.669 <span class=\"_ _44\"> </span>35.898Les actifs sur contr<span class=\"_ _1\"></span>ats ont augment\u00e9 de 97<span class=\"_ _0\"></span>,3 millions d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021. C<span class=\"_ _1\"></span>ette augmentation est attribu\u00e9e \u00e0 la f<span class=\"_ _1\"></span>ois au segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier (38,8 millions d\u2019eur<span class=\"_ _1\"></span>os) en r<span class=\"_ _1\"></span>aison de la croissance des activit\u00e9s li\u00e9es aux projets et au segment C\u00e2bles (58,5 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os) en raison du calendrier de f<span class=\"_ _1\"></span>acturation des pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> sp\u00e9cifiques en cours pour lesquels la pr<span class=\"_ _1\"></span>oduction a commenc\u00e9 au cours du deuxi\u00e8me semestr<span class=\"_ _1\"></span>e de l\u2019ann\u00e9e. Les passifs sur c<span class=\"_ _1\"></span>ontrat se r<span class=\"_ _1\"></span>apportent essentiellement \u00e0 l\u2019a<span class=\"_ _1\"></span>vance de c<span class=\"_ _1\"></span>ontrepartie re\u00e7ue de la part de clients pour la fabrication de pr<span class=\"_ _1\"></span>oduits sur mesure ou de pr<span class=\"_ _1\"></span>ojets d\u2019\u00e9nergie dont le chiffre d\u2019<span class=\"_ _1\"></span>affair<span class=\"_ _1\"></span>es est comptabilis\u00e9 progr<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>ement. Les passifs sur contr<span class=\"_ _1\"></span>at qui devr<span class=\"_ _1\"></span>aient \u00eatre r\u00e9gl\u00e9s dans un d\u00e9lai de plus d'un an sont class\u00e9s comme passifs non cour<span class=\"_ _1\"></span>ants (9.889 milliers d'eur<span class=\"_ _1\"></span>os au 31 d\u00e9cembre 2021). L<span class=\"_ _1\"></span>e passif sur contra<span class=\"_ _1\"></span>t a augment\u00e9 de 82,5 millions<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021, principalement en r<span class=\"_ _1\"></span>aison des acomptes r<span class=\"_ _1\"></span>e\u00e7us \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice pour l\u2019<span class=\"_ _1\"></span>ex\u00e9cution de pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques de tubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-151-6": {
   "value": "D<span class=\"_ _1\"></span>. Soldes des contrats Le tableau suiv<span class=\"_ _1\"></span>ant fournit des informations sur les actifs et passifs sur c<span class=\"_ _1\"></span>ontrats conclus a<span class=\"_ _1\"></span>vec les clients : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _ff\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _21\"> </span>31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _100\"> </span>195.481 <span class=\"_ _101\"> </span>98.217 Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _102\"> </span>118.669 <span class=\"_ _c0\"> </span>35.898 Parmi lesquels : passifs sur c<span class=\"_ _1\"></span>ontrats \u00e0 long terme <span class=\"_ _103\"> </span>9.<span class=\"_ _1\"></span>889 <span class=\"_ _c6\"> </span>9.<span class=\"_ _1\"></span>889Les v<span class=\"_ _1\"></span>ariations importantes des actifs et passifs sur contr<span class=\"_ _1\"></span>ats au cours de la p\u00e9riode se pr\u00e9sentent c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _104\"> </span>Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _5b\"> </span>Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _105\"> </span>2022 2021 <span class=\"_ _52\"> </span>2022 <span class=\"_ _106\"> </span>2021 Solde d'ouvertur<span class=\"_ _1\"></span>e <span class=\"_ _107\"> </span>98.217 <span class=\"_ _108\"> </span>64.875 <span class=\"_ _71\"> </span>3<span class=\"_ _1\"></span>5.898 <span class=\"_ _4f\"> </span>40<span class=\"_ _1\"></span>.085 Rev<span class=\"_ _1\"></span>enus comptabilis\u00e9s qui \u00e9taient inclus dans le  solde des passifs sur contr<span class=\"_ _1\"></span>ats \u00e0 l'ouvertur<span class=\"_ _1\"></span>e de la p\u00e9riode <span class=\"_ _b7\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _21\"> </span>(24.223) <span class=\"_ _86\"> </span>(19.<span class=\"_ _1\"></span>727) Augmentations dues \u00e0 l'encaissement, \u00e0 l'e<span class=\"_ _1\"></span>xclusion des  montants comptabilis\u00e9s en r<span class=\"_ _1\"></span>evenus au c<span class=\"_ _1\"></span>ours de la p\u00e9riode <span class=\"_ _10a\"> </span>-  <span class=\"_ _109\"> </span>-  <span class=\"_ _4f\"> </span>106.994 <span class=\"_ _34\"> </span>15.542 T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansferts des actifs sur contr<span class=\"_ _1\"></span>at comptabilis\u00e9s au  d\u00e9but de la p\u00e9riode vers les cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _10b\"> </span>(69.<span class=\"_ _1\"></span>171) <span class=\"_ _ef\"> </span>(57<span class=\"_ _0\"></span>.268) <span class=\"_ _e8\"> </span>-  <span class=\"_ _5c\"> </span>-  Augmentations r\u00e9sultant de changements dans  la mesure du pr<span class=\"_ _1\"></span>ogr\u00e8s <span class=\"_ _e7\"> </span>166.<span class=\"_ _1\"></span>77<span class=\"_ _1\"></span>4 <span class=\"_ _86\"> </span>90.784 <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Ecarts de change <span class=\"_ _10c\"> </span>(454) <span class=\"_ _99\"> </span>- <span class=\"_ _ca\"> </span>- <span class=\"_ _10d\"> </span>(2) Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _8e\"> </span>(12) <span class=\"_ _10e\"> </span>(175) <span class=\"_ _ca\"> </span>-  <span class=\"_ _5c\"> </span>-  Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _10f\"> </span>127 <span class=\"_ _99\"> </span>-  <span class=\"_ _110\"> </span>-  <span class=\"_ _5c\"> </span>-  Solde de cl\u00f4ture <span class=\"_ _111\"> </span>195.481 <span class=\"_ _112\"> </span>98.217 <span class=\"_ _113\"> </span>118.669 <span class=\"_ _44\"> </span>35.898Les actifs sur contr<span class=\"_ _1\"></span>ats ont augment\u00e9 de 97<span class=\"_ _0\"></span>,3 millions d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021. C<span class=\"_ _1\"></span>ette augmentation est attribu\u00e9e \u00e0 la f<span class=\"_ _1\"></span>ois au segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier (38,8 millions d\u2019eur<span class=\"_ _1\"></span>os) en r<span class=\"_ _1\"></span>aison de la croissance des activit\u00e9s li\u00e9es aux projets et au segment C\u00e2bles (58,5 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os) en raison du calendrier de f<span class=\"_ _1\"></span>acturation des pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> sp\u00e9cifiques en cours pour lesquels la pr<span class=\"_ _1\"></span>oduction a commenc\u00e9 au cours du deuxi\u00e8me semestr<span class=\"_ _1\"></span>e de l\u2019ann\u00e9e. Les passifs sur c<span class=\"_ _1\"></span>ontrat se r<span class=\"_ _1\"></span>apportent essentiellement \u00e0 l\u2019a<span class=\"_ _1\"></span>vance de c<span class=\"_ _1\"></span>ontrepartie re\u00e7ue de la part de clients pour la fabrication de pr<span class=\"_ _1\"></span>oduits sur mesure ou de pr<span class=\"_ _1\"></span>ojets d\u2019\u00e9nergie dont le chiffre d\u2019<span class=\"_ _1\"></span>affair<span class=\"_ _1\"></span>es est comptabilis\u00e9 progr<span class=\"_ _1\"></span>essiv<span class=\"_ _1\"></span>ement. Les passifs sur contr<span class=\"_ _1\"></span>at qui devr<span class=\"_ _1\"></span>aient \u00eatre r\u00e9gl\u00e9s dans un d\u00e9lai de plus d'un an sont class\u00e9s comme passifs non cour<span class=\"_ _1\"></span>ants (9.889 milliers d'eur<span class=\"_ _1\"></span>os au 31 d\u00e9cembre 2021). L<span class=\"_ _1\"></span>e passif sur contra<span class=\"_ _1\"></span>t a augment\u00e9 de 82,5 millions<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros par r<span class=\"_ _1\"></span>apport au 31 d\u00e9cembre 2021, principalement en r<span class=\"_ _1\"></span>aison des acomptes r<span class=\"_ _1\"></span>e\u00e7us \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice pour l\u2019<span class=\"_ _1\"></span>ex\u00e9cution de pr<span class=\"_ _1\"></span>ojets \u00e9nerg\u00e9tiques de tubes d\u2019acier<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-155-3": {
   "value": "8. Produits et char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span> A. Autres pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Subv<span class=\"_ _1\"></span>entions gouvernementales <span class=\"_ _118\"> </span> <span class=\"_ _81\"> </span>133 <span class=\"_ _119\"> </span>4<span class=\"_ _1\"></span>77 Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements <span class=\"_ _11a\"> </span> <span class=\"_ _117\"> </span>667 <span class=\"_ _119\"> </span>529 Produits d'honor<span class=\"_ _1\"></span>aires, commissions et fr<span class=\"_ _1\"></span>ais refactur\u00e9s <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>3.57<span class=\"_ _1\"></span>5 <span class=\"_ _11d\"> </span>4.406 Indemnit\u00e9s et produits des sinistr<span class=\"_ _1\"></span>es <span class=\"_ _11e\"> </span> <span class=\"_ _d3\"> </span>24 <span class=\"_ _11f\"> </span>168 Indemnisation de la compagnie d'assur<span class=\"_ _1\"></span>ance pour  dommages li\u00e9s au contr<span class=\"_ _1\"></span>at avec le client <span class=\"_ _120\"> </span> <span class=\"_ _121\"> </span>280 <span class=\"_ _122\"> </span>- Gain sur cession d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _123\"> </span> <span class=\"_ _124\"> </span>341 <span class=\"_ _125\"> </span>8 Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _f1\"> </span>28 <span class=\"_ _df\"> </span>1.17<span class=\"_ _0\"></span>4 <span class=\"_ _d3\"> </span>728 Autres <span class=\"_ _126\"> </span> <span class=\"_ _117\"> </span>586 <span class=\"_ _119\"> </span>82<span class=\"_ _1\"></span>4 Autres pr<span class=\"_ _1\"></span>oduits <span class=\"_ _127\"> </span> <span class=\"_ _128\"> </span>6.780 <span class=\"_ _129\"> </span>7<span class=\"_ _0\"></span>.14<span class=\"_ _1\"></span>1La ligne \u00ab subv<span class=\"_ _1\"></span>entions gouvernementales \u00bb en 20<span class=\"_ _1\"></span>21 inclut un montant de 459 milliers d\u2019eur<span class=\"_ _1\"></span>os li\u00e9 aux all\u00e9gements pr\u00e9vus par la l\u00e9gislation locale \u00e0 la suite des mesur<span class=\"_ _1\"></span>es prises en raison de la pand\u00e9mie du cor<span class=\"_ _1\"></span>onavirus. B. Autres char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Pertes suite \u00e0 la r<span class=\"_ _1\"></span>adiation d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _109\"> </span>17 <span class=\"_ _12a\"> </span>(53) <span class=\"_ _12b\"> </span>(14) Perte due \u00e0 la mise au r<span class=\"_ _1\"></span>ebut de biens, installations et \u00e9quipements <span class=\"_ _ec\"> </span> <span class=\"_ _12c\"> </span>(1) <span class=\"_ _122\"> </span>- D\u00e9penses rechar<span class=\"_ _1\"></span>g\u00e9es <span class=\"_ _12d\"> </span> <span class=\"_ _c0\"> </span>(2.830) <span class=\"_ _12e\"> </span>(4.044) Indemnit\u00e9s et r\u00e9clamations <span class=\"_ _12f\"> </span> <span class=\"_ _130\"> </span>- <span class=\"_ _81\"> </span>(32) Indemnisation des dommages au client <span class=\"_ _131\"> </span> <span class=\"_ _132\"> </span>(515) <span class=\"_ _122\"> </span>- Autres sanctions <span class=\"_ _10c\"> </span> <span class=\"_ _116\"> </span>(180) <span class=\"_ _133\"> </span>(319) Pro<span class=\"_ _1\"></span>vision relativ<span class=\"_ _1\"></span>e aux droits antidumping <span class=\"_ _134\"> </span>29 <span class=\"_ _130\"> </span>-  <span class=\"_ _135\"> </span>(12.842) Co\u00fbts marginaux du c<span class=\"_ _1\"></span>oronavirus <span class=\"_ _136\"> </span> <span class=\"_ _132\"> </span>(4<span class=\"_ _1\"></span>12) <span class=\"_ _137\"> </span>(669) Perte li\u00e9e \u00e0 la ces<span class=\"_ _1\"></span>sion d\u2019une entreprise associ\u00e9e <span class=\"_ _d5\"> </span>21 <span class=\"_ _dc\"> </span>(156) <span class=\"_ _122\"> </span>- D\u00e9pr\u00e9ciation de biens, d\u2019installations et d\u2019\u00e9quipements <span class=\"_ _fd\"> </span>17 <span class=\"_ _12e\"> </span>(1.222) <span class=\"_ _122\"> </span>- Autres <span class=\"_ _126\"> </span> <span class=\"_ _12e\"> </span>(1.375) <span class=\"_ _133\"> </span>(613) Autres charges <span class=\"_ _138\"> </span> <span class=\"_ _e9\"> </span>(6.7<span class=\"_ _0\"></span>45) <span class=\"_ _be\"> </span>(18.534)En 2013, Corinth Pipe<span class=\"_ _1\"></span>works a fabriqu\u00e9 et f<span class=\"_ _1\"></span>ourni des tubes d\u2019acier pour un pipeline en Fr<span class=\"_ _1\"></span>ance. En 2015, le client fran\u00e7ais a d\u00e9pos\u00e9 une r\u00e9clamation de qualit\u00e9 c<span class=\"_ _1\"></span>ontre Corinth Pipe<span class=\"_ _1\"></span>works, ses assur<span class=\"_ _1\"></span>eurs et les sous-traitants char<span class=\"_ _1\"></span>g\u00e9s<span class=\"_ _8\"></span> du soudage du pipeline. Le tribunal de c<span class=\"_ _1\"></span>ommerce de Paris a r<span class=\"_ _1\"></span>endu sa d\u00e9cision le 7 juillet 2022 et a d\u00e9cid\u00e9 que Corinth Pipe<span class=\"_ _1\"></span>works dev<span class=\"_ _1\"></span>ait \u00eatre t<span class=\"_ _1\"></span>enue pour responsable des d\u00e9fauts lat<span class=\"_ _1\"></span>ents affectant les tubes d\u2019acier qu\u2019il a livr\u00e9s \u00e0 son client fran\u00e7ais, mais que c<span class=\"_ _1\"></span>e dernier \u00e9tait \u00e9galement responsable de sa pr<span class=\"_ _1\"></span>opre perte. P<span class=\"_ _1\"></span>ar cons\u00e9quent, \u00e9tant<span class=\"_ _8\"></span> donn\u00e9 que les vent<span class=\"_ _1\"></span>es en 2013 \u00e9taient enti\u00e8rement assur\u00e9es, C<span class=\"_ _1\"></span>orinth Pipew<span class=\"_ _1\"></span>orks a enregistr\u00e9 une dette de 515 milliers d\u2019<span class=\"_ _1\"></span>euros en 2022 (incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab indemnisation des dommages au client \u00bb)<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondant \u00e0 son exposition maximale pour cett<span class=\"_ _1\"></span>e r\u00e9clamation sp\u00e9cifique, alors qu\u2019un re<span class=\"_ _1\"></span>venu de 280 milliers d\u2019<span class=\"_ _1\"></span>euros (inclus dans la ligne \u00abautr<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus\u00bb) a \u00e9t\u00e9 enregis<span class=\"_ _1\"></span>tr\u00e9 lorsqu\u2019une indemnit\u00e9 \u00e9quivalente a \u00e9t\u00e9 r<span class=\"_ _1\"></span>e\u00e7ue d\u2019une<span class=\"_ _8\"></span> compagnie d\u2019<span class=\"_ _1\"></span>assurance pour c<span class=\"_ _1\"></span>e dossier<span class=\"_ _1\"></span>. En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) et est incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab autres char<span class=\"_ _1\"></span>ges \u00bb<span class=\"_ _8\"></span> pour l'ann\u00e9e 2021, en ce qui c<span class=\"_ _1\"></span>oncerne les vent<span class=\"_ _1\"></span>es r\u00e9alis\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dentes. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-156-4": {
   "value": "A. Autres pr<span class=\"_ _1\"></span>oduits<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Subv<span class=\"_ _1\"></span>entions gouvernementales <span class=\"_ _118\"> </span> <span class=\"_ _81\"> </span>133 <span class=\"_ _119\"> </span>4<span class=\"_ _1\"></span>77 Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements <span class=\"_ _11a\"> </span> <span class=\"_ _117\"> </span>667 <span class=\"_ _119\"> </span>529 Produits d'honor<span class=\"_ _1\"></span>aires, commissions et fr<span class=\"_ _1\"></span>ais refactur\u00e9s <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>3.57<span class=\"_ _1\"></span>5 <span class=\"_ _11d\"> </span>4.406 Indemnit\u00e9s et produits des sinistr<span class=\"_ _1\"></span>es <span class=\"_ _11e\"> </span> <span class=\"_ _d3\"> </span>24 <span class=\"_ _11f\"> </span>168 Indemnisation de la compagnie d'assur<span class=\"_ _1\"></span>ance pour  dommages li\u00e9s au contr<span class=\"_ _1\"></span>at avec le client <span class=\"_ _120\"> </span> <span class=\"_ _121\"> </span>280 <span class=\"_ _122\"> </span>- Gain sur cession d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _123\"> </span> <span class=\"_ _124\"> </span>341 <span class=\"_ _125\"> </span>8 Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _f1\"> </span>28 <span class=\"_ _df\"> </span>1.17<span class=\"_ _0\"></span>4 <span class=\"_ _d3\"> </span>728 Autres <span class=\"_ _126\"> </span> <span class=\"_ _117\"> </span>586 <span class=\"_ _119\"> </span>82<span class=\"_ _1\"></span>4 Autres pr<span class=\"_ _1\"></span>oduits <span class=\"_ _127\"> </span> <span class=\"_ _128\"> </span>6.780 <span class=\"_ _129\"> </span>7<span class=\"_ _0\"></span>.14<span class=\"_ _1\"></span>1La ligne \u00ab subv<span class=\"_ _1\"></span>entions gouvernementales \u00bb en 20<span class=\"_ _1\"></span>21 inclut un montant de 459 milliers d\u2019eur<span class=\"_ _1\"></span>os li\u00e9 aux all\u00e9gements pr\u00e9vus par la l\u00e9gislation locale \u00e0 la suite des mesur<span class=\"_ _1\"></span>es prises en raison de la pand\u00e9mie du cor<span class=\"_ _1\"></span>onavirus. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-157-5": {
   "value": " <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Subv<span class=\"_ _1\"></span>entions gouvernementales <span class=\"_ _118\"> </span> <span class=\"_ _81\"> </span>133 <span class=\"_ _119\"> </span>4<span class=\"_ _1\"></span>77 Rev<span class=\"_ _1\"></span>enus locatifs des biens immobiliers de placements <span class=\"_ _11a\"> </span> <span class=\"_ _117\"> </span>667 <span class=\"_ _119\"> </span>529 Produits d'honor<span class=\"_ _1\"></span>aires, commissions et fr<span class=\"_ _1\"></span>ais refactur\u00e9s <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>3.57<span class=\"_ _1\"></span>5 <span class=\"_ _11d\"> </span>4.406 Indemnit\u00e9s et produits des sinistr<span class=\"_ _1\"></span>es <span class=\"_ _11e\"> </span> <span class=\"_ _d3\"> </span>24 <span class=\"_ _11f\"> </span>168 Indemnisation de la compagnie d'assur<span class=\"_ _1\"></span>ance pour  dommages li\u00e9s au contr<span class=\"_ _1\"></span>at avec le client <span class=\"_ _120\"> </span> <span class=\"_ _121\"> </span>280 <span class=\"_ _122\"> </span>- Gain sur cession d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _123\"> </span> <span class=\"_ _124\"> </span>341 <span class=\"_ _125\"> </span>8 Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _f1\"> </span>28 <span class=\"_ _df\"> </span>1.17<span class=\"_ _0\"></span>4 <span class=\"_ _d3\"> </span>728 Autres <span class=\"_ _126\"> </span> <span class=\"_ _117\"> </span>586 <span class=\"_ _119\"> </span>82<span class=\"_ _1\"></span>4 Autres pr<span class=\"_ _1\"></span>oduits <span class=\"_ _127\"> </span> <span class=\"_ _128\"> </span>6.780 <span class=\"_ _129\"> </span>7<span class=\"_ _0\"></span>.14<span class=\"_ _1\"></span>1 <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-159-4": {
   "value": "B. Autres char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Pertes suite \u00e0 la r<span class=\"_ _1\"></span>adiation d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _109\"> </span>17 <span class=\"_ _12a\"> </span>(53) <span class=\"_ _12b\"> </span>(14) Perte due \u00e0 la mise au r<span class=\"_ _1\"></span>ebut de biens, installations et \u00e9quipements <span class=\"_ _ec\"> </span> <span class=\"_ _12c\"> </span>(1) <span class=\"_ _122\"> </span>- D\u00e9penses rechar<span class=\"_ _1\"></span>g\u00e9es <span class=\"_ _12d\"> </span> <span class=\"_ _c0\"> </span>(2.830) <span class=\"_ _12e\"> </span>(4.044) Indemnit\u00e9s et r\u00e9clamations <span class=\"_ _12f\"> </span> <span class=\"_ _130\"> </span>- <span class=\"_ _81\"> </span>(32) Indemnisation des dommages au client <span class=\"_ _131\"> </span> <span class=\"_ _132\"> </span>(515) <span class=\"_ _122\"> </span>- Autres sanctions <span class=\"_ _10c\"> </span> <span class=\"_ _116\"> </span>(180) <span class=\"_ _133\"> </span>(319) Pro<span class=\"_ _1\"></span>vision relativ<span class=\"_ _1\"></span>e aux droits antidumping <span class=\"_ _134\"> </span>29 <span class=\"_ _130\"> </span>-  <span class=\"_ _135\"> </span>(12.842) Co\u00fbts marginaux du c<span class=\"_ _1\"></span>oronavirus <span class=\"_ _136\"> </span> <span class=\"_ _132\"> </span>(4<span class=\"_ _1\"></span>12) <span class=\"_ _137\"> </span>(669) Perte li\u00e9e \u00e0 la ces<span class=\"_ _1\"></span>sion d\u2019une entreprise associ\u00e9e <span class=\"_ _d5\"> </span>21 <span class=\"_ _dc\"> </span>(156) <span class=\"_ _122\"> </span>- D\u00e9pr\u00e9ciation de biens, d\u2019installations et d\u2019\u00e9quipements <span class=\"_ _fd\"> </span>17 <span class=\"_ _12e\"> </span>(1.222) <span class=\"_ _122\"> </span>- Autres <span class=\"_ _126\"> </span> <span class=\"_ _12e\"> </span>(1.375) <span class=\"_ _133\"> </span>(613) Autres charges <span class=\"_ _138\"> </span> <span class=\"_ _e9\"> </span>(6.7<span class=\"_ _0\"></span>45) <span class=\"_ _be\"> </span>(18.534)En 2013, Corinth Pipe<span class=\"_ _1\"></span>works a fabriqu\u00e9 et f<span class=\"_ _1\"></span>ourni des tubes d\u2019acier pour un pipeline en Fr<span class=\"_ _1\"></span>ance. En 2015, le client fran\u00e7ais a d\u00e9pos\u00e9 une r\u00e9clamation de qualit\u00e9 c<span class=\"_ _1\"></span>ontre Corinth Pipe<span class=\"_ _1\"></span>works, ses assur<span class=\"_ _1\"></span>eurs et les sous-traitants char<span class=\"_ _1\"></span>g\u00e9s<span class=\"_ _8\"></span> du soudage du pipeline. Le tribunal de c<span class=\"_ _1\"></span>ommerce de Paris a r<span class=\"_ _1\"></span>endu sa d\u00e9cision le 7 juillet 2022 et a d\u00e9cid\u00e9 que Corinth Pipe<span class=\"_ _1\"></span>works dev<span class=\"_ _1\"></span>ait \u00eatre t<span class=\"_ _1\"></span>enue pour responsable des d\u00e9fauts lat<span class=\"_ _1\"></span>ents affectant les tubes d\u2019acier qu\u2019il a livr\u00e9s \u00e0 son client fran\u00e7ais, mais que c<span class=\"_ _1\"></span>e dernier \u00e9tait \u00e9galement responsable de sa pr<span class=\"_ _1\"></span>opre perte. P<span class=\"_ _1\"></span>ar cons\u00e9quent, \u00e9tant<span class=\"_ _8\"></span> donn\u00e9 que les vent<span class=\"_ _1\"></span>es en 2013 \u00e9taient enti\u00e8rement assur\u00e9es, C<span class=\"_ _1\"></span>orinth Pipew<span class=\"_ _1\"></span>orks a enregistr\u00e9 une dette de 515 milliers d\u2019<span class=\"_ _1\"></span>euros en 2022 (incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab indemnisation des dommages au client \u00bb)<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondant \u00e0 son exposition maximale pour cett<span class=\"_ _1\"></span>e r\u00e9clamation sp\u00e9cifique, alors qu\u2019un re<span class=\"_ _1\"></span>venu de 280 milliers d\u2019<span class=\"_ _1\"></span>euros (inclus dans la ligne \u00abautr<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus\u00bb) a \u00e9t\u00e9 enregis<span class=\"_ _1\"></span>tr\u00e9 lorsqu\u2019une indemnit\u00e9 \u00e9quivalente a \u00e9t\u00e9 r<span class=\"_ _1\"></span>e\u00e7ue d\u2019une<span class=\"_ _8\"></span> compagnie d\u2019<span class=\"_ _1\"></span>assurance pour c<span class=\"_ _1\"></span>e dossier<span class=\"_ _1\"></span>. En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) et est incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab autres char<span class=\"_ _1\"></span>ges \u00bb<span class=\"_ _8\"></span> pour l'ann\u00e9e 2021, en ce qui c<span class=\"_ _1\"></span>oncerne les vent<span class=\"_ _1\"></span>es r\u00e9alis\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dentes. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-159-5": {
   "value": "B. Autres char<span class=\"_ _1\"></span>ges<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Pertes suite \u00e0 la r<span class=\"_ _1\"></span>adiation d'immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _109\"> </span>17 <span class=\"_ _12a\"> </span>(53) <span class=\"_ _12b\"> </span>(14) Perte due \u00e0 la mise au r<span class=\"_ _1\"></span>ebut de biens, installations et \u00e9quipements <span class=\"_ _ec\"> </span> <span class=\"_ _12c\"> </span>(1) <span class=\"_ _122\"> </span>- D\u00e9penses rechar<span class=\"_ _1\"></span>g\u00e9es <span class=\"_ _12d\"> </span> <span class=\"_ _c0\"> </span>(2.830) <span class=\"_ _12e\"> </span>(4.044) Indemnit\u00e9s et r\u00e9clamations <span class=\"_ _12f\"> </span> <span class=\"_ _130\"> </span>- <span class=\"_ _81\"> </span>(32) Indemnisation des dommages au client <span class=\"_ _131\"> </span> <span class=\"_ _132\"> </span>(515) <span class=\"_ _122\"> </span>- Autres sanctions <span class=\"_ _10c\"> </span> <span class=\"_ _116\"> </span>(180) <span class=\"_ _133\"> </span>(319) Pro<span class=\"_ _1\"></span>vision relativ<span class=\"_ _1\"></span>e aux droits antidumping <span class=\"_ _134\"> </span>29 <span class=\"_ _130\"> </span>-  <span class=\"_ _135\"> </span>(12.842) Co\u00fbts marginaux du c<span class=\"_ _1\"></span>oronavirus <span class=\"_ _136\"> </span> <span class=\"_ _132\"> </span>(4<span class=\"_ _1\"></span>12) <span class=\"_ _137\"> </span>(669) Perte li\u00e9e \u00e0 la ces<span class=\"_ _1\"></span>sion d\u2019une entreprise associ\u00e9e <span class=\"_ _d5\"> </span>21 <span class=\"_ _dc\"> </span>(156) <span class=\"_ _122\"> </span>- D\u00e9pr\u00e9ciation de biens, d\u2019installations et d\u2019\u00e9quipements <span class=\"_ _fd\"> </span>17 <span class=\"_ _12e\"> </span>(1.222) <span class=\"_ _122\"> </span>- Autres <span class=\"_ _126\"> </span> <span class=\"_ _12e\"> </span>(1.375) <span class=\"_ _133\"> </span>(613) Autres charges <span class=\"_ _138\"> </span> <span class=\"_ _e9\"> </span>(6.7<span class=\"_ _0\"></span>45) <span class=\"_ _be\"> </span>(18.534)En 2013, Corinth Pipe<span class=\"_ _1\"></span>works a fabriqu\u00e9 et f<span class=\"_ _1\"></span>ourni des tubes d\u2019acier pour un pipeline en Fr<span class=\"_ _1\"></span>ance. En 2015, le client fran\u00e7ais a d\u00e9pos\u00e9 une r\u00e9clamation de qualit\u00e9 c<span class=\"_ _1\"></span>ontre Corinth Pipe<span class=\"_ _1\"></span>works, ses assur<span class=\"_ _1\"></span>eurs et les sous-traitants char<span class=\"_ _1\"></span>g\u00e9s<span class=\"_ _8\"></span> du soudage du pipeline. Le tribunal de c<span class=\"_ _1\"></span>ommerce de Paris a r<span class=\"_ _1\"></span>endu sa d\u00e9cision le 7 juillet 2022 et a d\u00e9cid\u00e9 que Corinth Pipe<span class=\"_ _1\"></span>works dev<span class=\"_ _1\"></span>ait \u00eatre t<span class=\"_ _1\"></span>enue pour responsable des d\u00e9fauts lat<span class=\"_ _1\"></span>ents affectant les tubes d\u2019acier qu\u2019il a livr\u00e9s \u00e0 son client fran\u00e7ais, mais que c<span class=\"_ _1\"></span>e dernier \u00e9tait \u00e9galement responsable de sa pr<span class=\"_ _1\"></span>opre perte. P<span class=\"_ _1\"></span>ar cons\u00e9quent, \u00e9tant<span class=\"_ _8\"></span> donn\u00e9 que les vent<span class=\"_ _1\"></span>es en 2013 \u00e9taient enti\u00e8rement assur\u00e9es, C<span class=\"_ _1\"></span>orinth Pipew<span class=\"_ _1\"></span>orks a enregistr\u00e9 une dette de 515 milliers d\u2019<span class=\"_ _1\"></span>euros en 2022 (incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab indemnisation des dommages au client \u00bb)<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondant \u00e0 son exposition maximale pour cett<span class=\"_ _1\"></span>e r\u00e9clamation sp\u00e9cifique, alors qu\u2019un re<span class=\"_ _1\"></span>venu de 280 milliers d\u2019<span class=\"_ _1\"></span>euros (inclus dans la ligne \u00abautr<span class=\"_ _1\"></span>es rev<span class=\"_ _1\"></span>enus\u00bb) a \u00e9t\u00e9 enregis<span class=\"_ _1\"></span>tr\u00e9 lorsqu\u2019une indemnit\u00e9 \u00e9quivalente a \u00e9t\u00e9 r<span class=\"_ _1\"></span>e\u00e7ue d\u2019une<span class=\"_ _8\"></span> compagnie d\u2019<span class=\"_ _1\"></span>assurance pour c<span class=\"_ _1\"></span>e dossier<span class=\"_ _1\"></span>. En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) et est incluse c<span class=\"_ _1\"></span>omme \u00e9l\u00e9ment distinct dans la ligne \u00ab autres char<span class=\"_ _1\"></span>ges \u00bb<span class=\"_ _8\"></span> pour l'ann\u00e9e 2021, en ce qui c<span class=\"_ _1\"></span>oncerne les vent<span class=\"_ _1\"></span>es r\u00e9alis\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dentes. C. Charges par nature  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)L<span class=\"_ _1\"></span>\u2019augmentation des \u00ab honor<span class=\"_ _1\"></span>aires et av<span class=\"_ _1\"></span>antages pay\u00e9s \u00e0 des tiers \u00bb est attribu\u00e9e principalement \u00e0 l\u2019<span class=\"_ _1\"></span>augmentation des services de sous-tr<span class=\"_ _1\"></span>aitants li\u00e9s aux projets en 2022. L<span class=\"_ _1\"></span>\u2019augmentation es<span class=\"_ _1\"></span>t attribu\u00e9e aux deux segments, vu qu\u2019<span class=\"_ _1\"></span>en<span class=\"_ _8\"></span> 2022, le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a utilis\u00e9 des sous-tr<span class=\"_ _1\"></span>aitants pour les services de re<span class=\"_ _1\"></span>v\u00eatement dans le cadre de pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> assign\u00e9s, tandis que les services d\u2019ins<span class=\"_ _1\"></span>tallation dans le cadre de contr<span class=\"_ _1\"></span>ats cl\u00e9s en main ex\u00e9cut\u00e9s par des filiales dans le segment C\u00e2bles ont \u00e9t\u00e9 significativ<span class=\"_ _1\"></span>ement plus \u00e9lev\u00e9s qu\u2019<span class=\"_ _1\"></span>en 2021. Plus pr\u00e9cis\u00e9ment, en 2022, l\u2019installation de l\u2019inter<span class=\"_ _1\"></span>connexion sous-marine de Nax<span class=\"_ _1\"></span>os-Santorini, des inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xions moy<span class=\"_ _1\"></span>enne tension dans plusieurs sites en Gr\u00e8ce et plusieurs pr<span class=\"_ _1\"></span>ojets onshore ont \u00e9t\u00e9 entr<span class=\"_ _1\"></span>epris par des sous-traitants dans le segment C\u00e2bles. En 2021, les services d\u2019installation f<span class=\"_ _1\"></span>ournis dans le cadre de pr<span class=\"_ _1\"></span>ojets de c\u00e2bles assign\u00e9s \u00e0 des sous-traitants ont \u00e9t\u00e9 plus limit\u00e9s dans le secteur des c\u00e2bles onshor<span class=\"_ _1\"></span>e, alors qu\u2019une seule installation offshor<span class=\"_ _1\"></span>e importante a eu lieu, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e la phase finale d\u2019installation pour l\u2019inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te \u2013 P\u00e9loponn\u00e8se. La fluctuation des frais de tr<span class=\"_ _1\"></span>ansport est li\u00e9e \u00e0 la r\u00e9partition g\u00e9ogr<span class=\"_ _1\"></span>aphique des ventes et au v<span class=\"_ _1\"></span>olume des livraisons dans le segment T<span class=\"_ _0\"></span>ubes d'acier qui ont eu lieu en 2022 par rapport \u00e0 2021. C<span class=\"_ _1\"></span>omme mentionn\u00e9 \u00e0 la note 7<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>, lorsque<span class=\"_ _8\"></span> certains crit\u00e8r<span class=\"_ _1\"></span>es sont remplis, le tr<span class=\"_ _1\"></span>ansport est consid\u00e9r\u00e9 comme une obligation de perf<span class=\"_ _1\"></span>ormance distincte et les fr<span class=\"_ _1\"></span>ais<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondants sont comptabilis\u00e9s lorsque ces obligations de performanc<span class=\"_ _1\"></span>e sont remplies. Cener<span class=\"_ _1\"></span>gy Holdings inves<span class=\"_ _1\"></span>tit massivement dans la r<span class=\"_ _1\"></span>echerche et le d\u00e9v<span class=\"_ _1\"></span>eloppement afin de proposer en permanence des produits et des servic<span class=\"_ _1\"></span>es \u00e0 valeur ajout\u00e9e sur le mar<span class=\"_ _1\"></span>ch\u00e9 et de perfectionner les proces<span class=\"_ _1\"></span>sus de production, et afin de promouv<span class=\"_ _1\"></span>oir \u00e9galement le recy<span class=\"_ _1\"></span>clage des mat\u00e9riaux et l\u2019utilisation appr<span class=\"_ _1\"></span>opri\u00e9e des ressour<span class=\"_ _1\"></span>ces naturelles. L<span class=\"_ _1\"></span>e montant<span class=\"_ _8\"></span> total des d\u00e9penses de r<span class=\"_ _1\"></span>echerche et d\u00e9v<span class=\"_ _1\"></span>eloppement comptabilis\u00e9 en charges pour 2022 s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 5,5 millions d'euros (2021 : 4,0 millions d'eur<span class=\"_ _1\"></span>os). 9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. 12. Charges li\u00e9es aux a<span class=\"_ _1\"></span>vantages du personnel  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9rations et char<span class=\"_ _1\"></span>ges du personnel <span class=\"_ _162\"> </span>7<span class=\"_ _8\"></span>1.326 <span class=\"_ _13d\"> </span>58.095 D\u00e9penses de s\u00e9curit\u00e9 sociale <span class=\"_ _16c\"> </span>12.57<span class=\"_ _1\"></span>8 <span class=\"_ _17a\"> </span>9.96<span class=\"_ _1\"></span>7 R\u00e9gime \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies <span class=\"_ _17b\"> </span>942 <span class=\"_ _d5\"> </span>2.<span class=\"_ _1\"></span>130 Autre <span class=\"_ _d2\"> </span>7<span class=\"_ _1\"></span>.527 <span class=\"_ _17a\"> </span>5.538 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Les av<span class=\"_ _1\"></span>antages sociaux des employ\u00e9s ont \u00e9t\u00e9 r\u00e9partis c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Co\u00fbt des v<span class=\"_ _1\"></span>entes <span class=\"_ _17d\"> </span>70<span class=\"_ _1\"></span>.803 <span class=\"_ _b7\"> </span>55.017 Frais de dis<span class=\"_ _1\"></span>tribution <span class=\"_ _17e\"> </span>9.584 <span class=\"_ _11c\"> </span>9.011 Charges administr<span class=\"_ _1\"></span>atives <span class=\"_ _17f\"> </span>9.94<span class=\"_ _1\"></span>7 <span class=\"_ _180\"> </span>9.619 Capitalis\u00e9s sous \u00ab en cours de cons<span class=\"_ _1\"></span>truction \u00bb <span class=\"_ _181\"> </span>2.039 <span class=\"_ _145\"> </span>2.083 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Le nombr<span class=\"_ _1\"></span>e d\u2019emplo<span class=\"_ _1\"></span>y\u00e9s du Groupe, ainsi que leur pr<span class=\"_ _1\"></span>ofil et genre<span class=\"_ _1\"></span>, est pr\u00e9sent\u00e9 dans les tableaux suivants :  <span class=\"_ _100\"> </span>2022 2021 Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _182\"> </span>2.691 <span class=\"_ _17a\"> </span>2.285 <span class=\"_ _183\"> </span>18 - 30 <span class=\"_ _184\"> </span>30-50 <span class=\"_ _101\"> </span>51+ <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal Homme <span class=\"_ _185\"> </span>334 <span class=\"_ _bb\"> </span>1.436 <span class=\"_ _e9\"> </span>588 <span class=\"_ _17a\"> </span><span class=\"ff18\">2.358</span> Femme <span class=\"_ _4b\"> </span>61 <span class=\"_ _b7\"> </span>202 <span class=\"_ _186\"> </span>70 <span class=\"_ _df\"> </span><span class=\"ff18\">333</span> T<span class=\"_ _0\"></span>otal <span class=\"_ _187\"> </span>395 <span class=\"_ _cd\"> </span>1.638 <span class=\"_ _e9\"> </span>658 <span class=\"_ _13f\"> </span>2.691 <span class=\"_ _51\"> </span>Employ\u00e9s <span class=\"_ _188\"> </span>Ouvriers  <span class=\"_ _3e\"> </span>Management <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _8\"></span>  Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _189\"> </span>548 <span class=\"_ _c3\"> </span>1.973 <span class=\"_ _b7\"> </span>170 <span class=\"_ _13f\"> </span><span class=\"ff18\">2.691</span>13. Imp\u00f4t sur le r\u00e9sultat A. Montants comptabilis\u00e9s en r\u00e9sultat  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Charge d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _14d\"> </span>(12.820) <span class=\"_ _c3\"> </span>(2.998) Cr\u00e9ation et reprise d'\u00e9carts t<span class=\"_ _1\"></span>emporaires <span class=\"_ _92\"> </span>(1.548) <span class=\"_ _18a\"> </span>(3.879) Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 Comptabilisation de pertes fiscales, de cr\u00e9dits d'imp\u00f4t ou  de diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es <span class=\"_ _18c\"> </span>4.832 <span class=\"_ _117\"> </span>158 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Charge d'imp\u00f4t diff\u00e9r\u00e9  <span class=\"_ _17f\"> </span>3.284 <span class=\"_ _c3\"> </span>(5.436) Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _a0\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) B. Rapprochement du taux d\u2019imp\u00f4t effectif  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _18d\"> </span>69.95<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>30.513 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition de la maison m\u00e8re (2022 et 20<span class=\"_ _1\"></span>21 : 25,0 %) <span class=\"_ _18f\"> </span>(17<span class=\"_ _1\"></span>.489) <span class=\"_ _190\"> </span>(7<span class=\"_ _1\"></span>.628) Incidence des diff\u00e9r<span class=\"_ _1\"></span>ents taux d\u2019imposition des juridictions dans lesquelles le Groupe op\u00e8r<span class=\"_ _1\"></span>e <span class=\"_ _177\"> </span>2.830 <span class=\"_ _df\"> </span>992 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9  (2022 : 21,0% et 20<span class=\"_ _1\"></span>21 : 21,7 %) <span class=\"_ _191\"> </span>(14.659) <span class=\"_ _192\"> </span>(6.636) Ajust\u00e9 pour : <span class=\"_ _da\"> </span>  <span class=\"_ _167\"> </span>  D\u00e9penses non admises au niveau fiscal <span class=\"_ _193\"> </span>(1.329) <span class=\"_ _135\"> </span>(1.390) R\u00e9sultat ex<span class=\"_ _1\"></span>on\u00e9r\u00e9 <span class=\"_ _194\"> </span>1.496 <span class=\"_ _133\"> </span>941 Comptabilisation de pertes fiscales, de cr\u00e9dits d\u2019imp\u00f4t ou de  diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es  <span class=\"_ _195\"> </span>4.923 <span class=\"_ _117\"> </span>158 Perte pour laquelle aucune tax<span class=\"_ _1\"></span>e diff\u00e9r\u00e9e n\u2019es<span class=\"_ _1\"></span>t comptabilis\u00e9e <span class=\"_ _196\"> </span>(424) <span class=\"_ _128\"> </span>(501) Comptabilisation des r\u00e9serv<span class=\"_ _1\"></span>es ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es d\u2019imp\u00f4t <span class=\"_ _8f\"> </span>-  <span class=\"_ _116\"> </span>660 Incitations fiscales suppl\u00e9mentaires en R&amp;D<span class=\"_ _1\"></span>. <span class=\"_ _197\"> </span>1.4<span class=\"_ _1\"></span>76 <span class=\"_ _198\"> </span>640 Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Imp\u00f4t d\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice ant\u00e9rieur <span class=\"_ _166\"> </span>(1.020) <span class=\"_ _d7\"> </span>(590) Charge d\u2019imp\u00f4t comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat <span class=\"_ _199\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) T<span class=\"_ _0\"></span>aux d\u2019imposition effectif <span class=\"_ _19a\"> </span>(13,6 %) <span class=\"_ _d0\"> </span>(27<span class=\"_ _1\"></span>,6 %)Le taux d\u2019imposition des soci\u00e9t\u00e9s en Belgique est de 25 % selon la l\u00e9gislation fiscale en vigueur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Le b\u00e9n\u00e9fice imposable de chaque filiale es<span class=\"_ _1\"></span>t impos\u00e9 au taux d\u2019imposition applicable dans le pays o\u00f9 la filiale est domicili\u00e9e. Selon la loi grec<span class=\"_ _1\"></span>que 47<span class=\"_ _1\"></span>99/2021, pr<span class=\"_ _1\"></span>omulgu\u00e9e en mai 2021, le taux d\u2019imposition des personnes mor<span class=\"_ _1\"></span>ales en Gr\u00e8ce, o\u00f9 la plupart des filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont situ\u00e9es, est fix\u00e9 \u00e0 22% pour l\u2019ann\u00e9e fiscale 2021 et les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le taux d\u2019imposition des personnes morales en Roumanie es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 16% et aux Etats-Unis, le taux f\u00e9d\u00e9ral d\u2019imposition des personnes morales es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 21%.Le taux d'imposition effectif du Gr<span class=\"_ _1\"></span>oupe a \u00e9t\u00e9 influenc\u00e9 par la comptabilisation de l'actif d'imp\u00f4t diff\u00e9r\u00e9 non comptabilis\u00e9 pr\u00e9c\u00e9demment sur les pertes d'imp\u00f4t r<span class=\"_ _1\"></span>eport\u00e9es des ann\u00e9es pr\u00e9c\u00e9dentes, vu que l'\u00e9v<span class=\"_ _1\"></span>aluation actuelle<span class=\"_ _8\"></span> concernant la r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>abilit\u00e9 des pertes fiscales disponibles pour compenser le r\u00e9sultat imposable futur du segment T<span class=\"_ _0\"></span>ubes d'acier a conduit \u00e0 la comptabilisation d'un actif d'imp\u00f4t diff\u00e9r\u00e9 de 4,6 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Sur la base de la l\u00e9gislation fiscale grec<span class=\"_ _1\"></span>que en vigueur<span class=\"_ _1\"></span>, les d\u00e9penses de recher<span class=\"_ _1\"></span>che et d\u00e9veloppement (R&amp;D<span class=\"_ _1\"></span>), y<span class=\"_ _8\"></span> compris les char<span class=\"_ _1\"></span>ges d'amortissement fiscal des \u00e9quipements et instruments utilis\u00e9s dans les activit\u00e9s de R&amp;D<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> peuvent \u00eatr<span class=\"_ _1\"></span>e d\u00e9duites du r\u00e9sultat brut d'une soci\u00e9t\u00e9 dont les taux de d\u00e9duction sont plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s. Plus pr\u00e9cis\u00e9ment,<span class=\"_ _8\"></span> les d\u00e9penses de R&amp;D en Gr\u00e8ce peuv<span class=\"_ _1\"></span>ent \u00eatre d\u00e9duites du r\u00e9sulta<span class=\"_ _1\"></span>t brut lorsqu'elles sont encourues \u00e0 un taux de 200 %<span class=\"_ _8\"></span> \u00e0 partir du 1 septembr<span class=\"_ _1\"></span>e 2020. Les filiales de C<span class=\"_ _1\"></span>energy Holdings en Gr\u00e8ce utilisent les dispositions fiscales ci-dessus et l'estimation de l'a<span class=\"_ _1\"></span>vantage fiscal corr<span class=\"_ _1\"></span>espondant est pr\u00e9sent\u00e9e dans la ligne \u00ab incitations fiscales suppl\u00e9mentaires en R&amp;D \u00bb du tableau ci-dessus. C. V<span class=\"_ _1\"></span>ariation des soldes d\u2019imp\u00f4ts diff\u00e9r\u00e9s Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont les suivantes :2022 <span class=\"_ _19b\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _19f\"> </span>(34.227) <span class=\"_ _69\"> </span>(3.422) <span class=\"_ _27\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _f6\"> </span>(37<span class=\"_ _1\"></span>.648)<span class=\"ff19 ws81\"> <span class=\"_ _90\"> </span>4 (37<span class=\"_ _0\"></span>.652)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _ab\"> </span>(10) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _46\"> </span><span class=\"ff18\">(5)</span><span class=\"ws82\"> <span class=\"_ _3\"> </span>9 (15)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _5c\"> </span>(1.922) <span class=\"_ _108\"> </span>(126) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _6e\"> </span><span class=\"ff18\">(2.048)</span><span class=\"ws83\"> <span class=\"_ _fc\"> </span>103 (2.150)</span> Inv<span class=\"_ _1\"></span>estissement en immobilier <span class=\"_ _13d\"> </span>71 <span class=\"_ _89\"> </span>- <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _f0\"> </span>79 <span class=\"_ _5e\"> </span>21 <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _41\"> </span><span class=\"ff18\">100</span><span class=\"ws86\"> 100 <span class=\"_ _91\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _147\"> </span>(13.064) <span class=\"_ _88\"> </span>(5.485) <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _69\"> </span>(18.54<span class=\"_ _1\"></span>9)<span class=\"ff19\"> <span class=\"_ _19e\"> </span>-  <span class=\"_ _ac\"> </span>(18.549)</span> Instruments d\u00e9riv\u00e9s <span class=\"_ _1a0\"> </span>462 <span class=\"_ _35\"> </span>(1.060) <span class=\"_ _68\"> </span>(684) <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _a3\"> </span><span class=\"ff18\">(1.282)</span><span class=\"ws87\"> <span class=\"_ _1a1\"> </span>29 (1.310)</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _1a2\"> </span>(1.311) <span class=\"_ _56\"> </span>541 <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span><span class=\"ff18\">(770)</span><span class=\"ws88\"> <span class=\"_ _3b\"> </span>172 (941)</span> A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _137\"> </span>668 <span class=\"_ _93\"> </span>87 <span class=\"_ _55\"> </span>(94) <span class=\"_ _18f\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _1a3\"> </span>- <span class=\"_ _10e\"> </span><span class=\"ff18\">660</span> 660 <span class=\"_ _28\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1a4\"> </span>3.056 <span class=\"_ _a3\"> </span>(644) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a5\"> </span>183 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _67\"> </span><span class=\"ff18\">2.594</span> 2.594 <span class=\"_ _6e\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1a6\"> </span>(637) <span class=\"_ _a4\"> </span>555 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _71\"> </span>(18) <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _21\"> </span><span class=\"ff18\">(100)</span><span class=\"ls55 ws8b\"> <span class=\"_ _25\"> </span>5<span class=\"_ _8\"></span>92 (692)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _132\"> </span>405 <span class=\"_ _86\"> </span>11.<span class=\"_ _1\"></span>163 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5d\"> </span>3 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.570</span> 11.5<span class=\"_ _1\"></span>70 <span class=\"_ _ef\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _186\"> </span>11.266 <span class=\"_ _67\"> </span>1.664 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _68\"> </span><span class=\"ff18\">12.930</span><span class=\"ws8d\"> 12.930 <span class=\"_ _a3\"> </span>-</span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t avant </span> compensation <span class=\"_ _1a7\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _a6\"> </span>28.834 <span class=\"_ _a8\"> </span>(61.309) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span> <span class=\"_ _99\"> </span> <span class=\"_ _1a9\"> </span>  <span class=\"_ _4d\"> </span>(25.991) <span class=\"_ _68\"> </span>25.991 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _3d\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _53\"> </span>2.843 <span class=\"_ _a6\"> </span>(35.318)Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent \u00e9taient les suivantes : 2021 <span class=\"_ _1aa\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _10\"> </span>(33.391) <span class=\"_ _35\"> </span>(3.792) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _68\"> </span>2.954 <span class=\"_ _5b\"> </span>-  <span class=\"_ _85\"> </span><span class=\"ff18\">(34.227)</span><span class=\"ws8e\"> <span class=\"_ _9f\"> </span>4 (34.230)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _64\"> </span>1 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>-  <span class=\"_ _34\"> </span>(1) <span class=\"_ _5b\"> </span>-  <span class=\"_ _89\"> </span><span class=\"ff18\">4</span><span class=\"ws8f\"> <span class=\"_ _2\"> </span>9 (5)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _1a9\"> </span>(1.934) <span class=\"_ _108\"> </span>(162) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>- <span class=\"_ _a4\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _5b\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.922)</span><span class=\"ws83\"> <span class=\"_ _2a\"> </span>229 (2.150)</span> Propri\u00e9t\u00e9 d'in<span class=\"_ _1\"></span>vestissement <span class=\"_ _132\"> </span>71 <span class=\"_ _89\"> </span>-  <span class=\"_ _19e\"> </span>- <span class=\"_ _18f\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _1ab\"> </span>73 <span class=\"_ _5e\"> </span>12 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _44\"> </span>(6) <span class=\"_ _5b\"> </span>-  <span class=\"_ _5e\"> </span>79<span class=\"ff19 ws90\"> 79<span class=\"_ _8\"></span> <span class=\"_ _1a1\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _1ac\"> </span>(11.423) <span class=\"_ _35\"> </span>(2.523) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>- <span class=\"_ _a4\"> </span>881 <span class=\"_ _5b\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(13.064)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _a9\"> </span>(13.064) Instruments d\u00e9riv\u00e9s <span class=\"_ _1ae\"> </span>466 <span class=\"_ _41\"> </span>48 <span class=\"_ _1a5\"> </span>12 <span class=\"_ _18f\"> </span>-  <span class=\"_ _93\"> </span>5 <span class=\"_ _43\"> </span>(70) <span class=\"_ _71\"> </span><span class=\"ff18\">462</span> 462 <span class=\"_ _29\"> </span>-  Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _3d\"> </span>(1.968) <span class=\"_ _ab\"> </span>505 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _9b\"> </span>152 <span class=\"_ _5b\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.311)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _68\"> </span>(1.311) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _1af\"> </span>610 <span class=\"_ _41\"> </span>64 <span class=\"_ _9d\"> </span>(148) <span class=\"_ _18f\"> </span>- <span class=\"_ _1b0\"> </span>(49) <span class=\"_ _19e\"> </span>191 <span class=\"_ _1b1\"> </span><span class=\"ff18\">668</span> 668 <span class=\"_ _29\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1b2\"> </span>313 <span class=\"_ _f4\"> </span>2.777 <span class=\"_ _27\"> </span>- <span class=\"_ _1b3\"> </span>(4) <span class=\"_ _108\"> </span>(30) <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span>3.<span class=\"_ _1\"></span>056 3.056 <span class=\"_ _8d\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1b4\"> </span>(37<span class=\"_ _1\"></span>5) <span class=\"_ _62\"> </span>(262) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1b1\"> </span>(12) <span class=\"_ _1b5\"> </span>13 <span class=\"_ _1a8\"> </span> -  <span class=\"_ _21\"> </span><span class=\"ff18\">(637)</span><span class=\"ws93\"> <span class=\"_ _2\"> </span>298 (935)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _141\"> </span>5.265 <span class=\"_ _f6\"> </span>(4.599) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _80\"> </span>(263) <span class=\"_ _5b\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff18\">405</span> 405 <span class=\"_ _28\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _170\"> </span>12.603 <span class=\"_ _62\"> </span>(295) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5e\"> </span>(2) <span class=\"_ _8b\"> </span>(1.040) <span class=\"_ _5b\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.266</span><span class=\"ws95\"> 11.266 <span class=\"_\"> </span>- </span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t </span> av<span class=\"_ _1\"></span>ant compensation <span class=\"_ _13f\"> </span>(29.684) <span class=\"_ _88\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _f6\"> </span>16.547 <span class=\"_ _85\"> </span>(51.695) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _6c\"> </span>(13.314) <span class=\"_ _a3\"> </span>13.314 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _64\"> </span>(29.684) <span class=\"_ _f6\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _8d\"> </span>3.233 <span class=\"_ _91\"> </span>(38.382)Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le cumul des pertes fiscales r<span class=\"_ _1\"></span>eportables disponibles pour utilisation future s'\u00e9le<span class=\"_ _1\"></span>vait \u00e0 61,3 millions d'euros. L<span class=\"_ _1\"></span>es soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 5<span class=\"_ _1\"></span>2,6 millions<span class=\"_ _8\"></span> d'euros sur les pert<span class=\"_ _1\"></span>es fiscales parce que la dir<span class=\"_ _1\"></span>ection estimait probable que de futurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables seraient disponibles pour lesquels de telles pertes fiscales pourr<span class=\"_ _1\"></span>aient \u00eatre utilis\u00e9es au c<span class=\"_ _1\"></span>ours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7<span class=\"_ _0\"></span>,9 millions d'euros conc<span class=\"_ _1\"></span>erne le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, tandis que le montant corr<span class=\"_ _1\"></span>espondant pour le segment C\u00e2bles est de 3,7 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Selon les estimations de la dir<span class=\"_ _1\"></span>ection concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisa<span class=\"_ _1\"></span>tion des pertes<span class=\"_ _8\"></span> fiscales conform\u00e9ment \u00e0 la l\u00e9gisla<span class=\"_ _1\"></span>tion fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s<span class=\"_ _8\"></span> comme pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es pour un montant de 8,7 millions d\u2019<span class=\"_ _1\"></span>euros e<span class=\"_ _1\"></span>xpirant au c<span class=\"_ _1\"></span>ours de la p\u00e9riode allant de<span class=\"_ _8\"></span> 2023 \u00e0 202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. Ces pert<span class=\"_ _1\"></span>es fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En vertu des dispositions des articles 4<span class=\"_ _1\"></span>9 et 72 de la loi grec<span class=\"_ _1\"></span>que 4172/20<span class=\"_ _1\"></span>13 relativ<span class=\"_ _1\"></span>e \u00e0 la sous-capitalisation, les<span class=\"_ _8\"></span> int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITD<span class=\"_ _1\"></span>A et si tout ex<span class=\"_ _1\"></span>c\u00e9dent peut \u00eatre aff<span class=\"_ _1\"></span>ect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires r<span class=\"_ _1\"></span>elatives \u00e0 la sous-capitalisa<span class=\"_ _1\"></span>tion s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITD<span class=\"_ _1\"></span>A. Les fr<span class=\"_ _1\"></span>ais d'int\u00e9r\u00eats nets ex<span class=\"_ _1\"></span>c\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuv<span class=\"_ _1\"></span>ent \u00eatre r<span class=\"_ _1\"></span>eport\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,<span class=\"_ _1\"></span>7 millions d\u2019eur<span class=\"_ _1\"></span>os. C. Montants comptabilis\u00e9s dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats<span class=\"_ _8\"></span> Le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 fait appar<span class=\"_ _1\"></span>a\u00eetre les montants suiv<span class=\"_ _1\"></span>ants en relation av<span class=\"_ _1\"></span>ec les contr<span class=\"_ _1\"></span>ats de location :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Amortissement des actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation <span class=\"_ _1ea\"> </span>  B\u00e2timents <span class=\"_ _c2\"> </span>76 <span class=\"_ _1eb\"> </span>68 Machines <span class=\"_ _1ec\"> </span>51 <span class=\"_ _16b\"> </span>252 Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _1ed\"> </span>1.029 <span class=\"_ _116\"> </span>1.10<span class=\"_ _1\"></span>7 Autres \u00e9quipements <span class=\"_ _1ee\"> </span>64 <span class=\"_ _1eb\"> </span>63 T<span class=\"_ _0\"></span>otal <span class=\"_ _1ef\"> </span>1.221 <span class=\"_ _186\"> </span>1.490 Frais d'int\u00e9r\u00eat (inclus dans le c<span class=\"_ _1\"></span>o\u00fbt financier) <span class=\"_ _95\"> </span>226 <span class=\"_ _df\"> </span>207 Lo<span class=\"_ _1\"></span>yers variables <span class=\"_ _1f1\"> </span>27<span class=\"_ _0\"></span>4 <span class=\"_ _1c6\"> </span>123 Lo<span class=\"_ _1\"></span>yers de faible v<span class=\"_ _1\"></span>aleur <span class=\"_ _1f2\"> </span>27<span class=\"_ _1\"></span>5 <span class=\"_ _133\"> </span>190 Lo<span class=\"_ _1\"></span>yers \u00e0 court terme <span class=\"_ _102\"> </span>2.865 <span class=\"_ _128\"> </span>1.680",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-161-4": {
   "value": "C. Charges par nature  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)L<span class=\"_ _1\"></span>\u2019augmentation des \u00ab honor<span class=\"_ _1\"></span>aires et av<span class=\"_ _1\"></span>antages pay\u00e9s \u00e0 des tiers \u00bb est attribu\u00e9e principalement \u00e0 l\u2019<span class=\"_ _1\"></span>augmentation des services de sous-tr<span class=\"_ _1\"></span>aitants li\u00e9s aux projets en 2022. L<span class=\"_ _1\"></span>\u2019augmentation es<span class=\"_ _1\"></span>t attribu\u00e9e aux deux segments, vu qu\u2019<span class=\"_ _1\"></span>en<span class=\"_ _8\"></span> 2022, le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a utilis\u00e9 des sous-tr<span class=\"_ _1\"></span>aitants pour les services de re<span class=\"_ _1\"></span>v\u00eatement dans le cadre de pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> assign\u00e9s, tandis que les services d\u2019ins<span class=\"_ _1\"></span>tallation dans le cadre de contr<span class=\"_ _1\"></span>ats cl\u00e9s en main ex\u00e9cut\u00e9s par des filiales dans le segment C\u00e2bles ont \u00e9t\u00e9 significativ<span class=\"_ _1\"></span>ement plus \u00e9lev\u00e9s qu\u2019<span class=\"_ _1\"></span>en 2021. Plus pr\u00e9cis\u00e9ment, en 2022, l\u2019installation de l\u2019inter<span class=\"_ _1\"></span>connexion sous-marine de Nax<span class=\"_ _1\"></span>os-Santorini, des inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xions moy<span class=\"_ _1\"></span>enne tension dans plusieurs sites en Gr\u00e8ce et plusieurs pr<span class=\"_ _1\"></span>ojets onshore ont \u00e9t\u00e9 entr<span class=\"_ _1\"></span>epris par des sous-traitants dans le segment C\u00e2bles. En 2021, les services d\u2019installation f<span class=\"_ _1\"></span>ournis dans le cadre de pr<span class=\"_ _1\"></span>ojets de c\u00e2bles assign\u00e9s \u00e0 des sous-traitants ont \u00e9t\u00e9 plus limit\u00e9s dans le secteur des c\u00e2bles onshor<span class=\"_ _1\"></span>e, alors qu\u2019une seule installation offshor<span class=\"_ _1\"></span>e importante a eu lieu, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e la phase finale d\u2019installation pour l\u2019inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te \u2013 P\u00e9loponn\u00e8se. La fluctuation des frais de tr<span class=\"_ _1\"></span>ansport est li\u00e9e \u00e0 la r\u00e9partition g\u00e9ogr<span class=\"_ _1\"></span>aphique des ventes et au v<span class=\"_ _1\"></span>olume des livraisons dans le segment T<span class=\"_ _0\"></span>ubes d'acier qui ont eu lieu en 2022 par rapport \u00e0 2021. C<span class=\"_ _1\"></span>omme mentionn\u00e9 \u00e0 la note 7<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>, lorsque<span class=\"_ _8\"></span> certains crit\u00e8r<span class=\"_ _1\"></span>es sont remplis, le tr<span class=\"_ _1\"></span>ansport est consid\u00e9r\u00e9 comme une obligation de perf<span class=\"_ _1\"></span>ormance distincte et les fr<span class=\"_ _1\"></span>ais<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondants sont comptabilis\u00e9s lorsque ces obligations de performanc<span class=\"_ _1\"></span>e sont remplies. Cener<span class=\"_ _1\"></span>gy Holdings inves<span class=\"_ _1\"></span>tit massivement dans la r<span class=\"_ _1\"></span>echerche et le d\u00e9v<span class=\"_ _1\"></span>eloppement afin de proposer en permanence des produits et des servic<span class=\"_ _1\"></span>es \u00e0 valeur ajout\u00e9e sur le mar<span class=\"_ _1\"></span>ch\u00e9 et de perfectionner les proces<span class=\"_ _1\"></span>sus de production, et afin de promouv<span class=\"_ _1\"></span>oir \u00e9galement le recy<span class=\"_ _1\"></span>clage des mat\u00e9riaux et l\u2019utilisation appr<span class=\"_ _1\"></span>opri\u00e9e des ressour<span class=\"_ _1\"></span>ces naturelles. L<span class=\"_ _1\"></span>e montant<span class=\"_ _8\"></span> total des d\u00e9penses de r<span class=\"_ _1\"></span>echerche et d\u00e9v<span class=\"_ _1\"></span>eloppement comptabilis\u00e9 en charges pour 2022 s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 5,5 millions d'euros (2021 : 4,0 millions d'eur<span class=\"_ _1\"></span>os). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-161-5": {
   "value": "C. Charges par nature  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)L<span class=\"_ _1\"></span>\u2019augmentation des \u00ab honor<span class=\"_ _1\"></span>aires et av<span class=\"_ _1\"></span>antages pay\u00e9s \u00e0 des tiers \u00bb est attribu\u00e9e principalement \u00e0 l\u2019<span class=\"_ _1\"></span>augmentation des services de sous-tr<span class=\"_ _1\"></span>aitants li\u00e9s aux projets en 2022. L<span class=\"_ _1\"></span>\u2019augmentation es<span class=\"_ _1\"></span>t attribu\u00e9e aux deux segments, vu qu\u2019<span class=\"_ _1\"></span>en<span class=\"_ _8\"></span> 2022, le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a utilis\u00e9 des sous-tr<span class=\"_ _1\"></span>aitants pour les services de re<span class=\"_ _1\"></span>v\u00eatement dans le cadre de pr<span class=\"_ _1\"></span>ojets<span class=\"_ _8\"></span> assign\u00e9s, tandis que les services d\u2019ins<span class=\"_ _1\"></span>tallation dans le cadre de contr<span class=\"_ _1\"></span>ats cl\u00e9s en main ex\u00e9cut\u00e9s par des filiales dans le segment C\u00e2bles ont \u00e9t\u00e9 significativ<span class=\"_ _1\"></span>ement plus \u00e9lev\u00e9s qu\u2019<span class=\"_ _1\"></span>en 2021. Plus pr\u00e9cis\u00e9ment, en 2022, l\u2019installation de l\u2019inter<span class=\"_ _1\"></span>connexion sous-marine de Nax<span class=\"_ _1\"></span>os-Santorini, des inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xions moy<span class=\"_ _1\"></span>enne tension dans plusieurs sites en Gr\u00e8ce et plusieurs pr<span class=\"_ _1\"></span>ojets onshore ont \u00e9t\u00e9 entr<span class=\"_ _1\"></span>epris par des sous-traitants dans le segment C\u00e2bles. En 2021, les services d\u2019installation f<span class=\"_ _1\"></span>ournis dans le cadre de pr<span class=\"_ _1\"></span>ojets de c\u00e2bles assign\u00e9s \u00e0 des sous-traitants ont \u00e9t\u00e9 plus limit\u00e9s dans le secteur des c\u00e2bles onshor<span class=\"_ _1\"></span>e, alors qu\u2019une seule installation offshor<span class=\"_ _1\"></span>e importante a eu lieu, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e la phase finale d\u2019installation pour l\u2019inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te \u2013 P\u00e9loponn\u00e8se. La fluctuation des frais de tr<span class=\"_ _1\"></span>ansport est li\u00e9e \u00e0 la r\u00e9partition g\u00e9ogr<span class=\"_ _1\"></span>aphique des ventes et au v<span class=\"_ _1\"></span>olume des livraisons dans le segment T<span class=\"_ _0\"></span>ubes d'acier qui ont eu lieu en 2022 par rapport \u00e0 2021. C<span class=\"_ _1\"></span>omme mentionn\u00e9 \u00e0 la note 7<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>, lorsque<span class=\"_ _8\"></span> certains crit\u00e8r<span class=\"_ _1\"></span>es sont remplis, le tr<span class=\"_ _1\"></span>ansport est consid\u00e9r\u00e9 comme une obligation de perf<span class=\"_ _1\"></span>ormance distincte et les fr<span class=\"_ _1\"></span>ais<span class=\"_ _8\"></span> corr<span class=\"_ _1\"></span>espondants sont comptabilis\u00e9s lorsque ces obligations de performanc<span class=\"_ _1\"></span>e sont remplies. Cener<span class=\"_ _1\"></span>gy Holdings inves<span class=\"_ _1\"></span>tit massivement dans la r<span class=\"_ _1\"></span>echerche et le d\u00e9v<span class=\"_ _1\"></span>eloppement afin de proposer en permanence des produits et des servic<span class=\"_ _1\"></span>es \u00e0 valeur ajout\u00e9e sur le mar<span class=\"_ _1\"></span>ch\u00e9 et de perfectionner les proces<span class=\"_ _1\"></span>sus de production, et afin de promouv<span class=\"_ _1\"></span>oir \u00e9galement le recy<span class=\"_ _1\"></span>clage des mat\u00e9riaux et l\u2019utilisation appr<span class=\"_ _1\"></span>opri\u00e9e des ressour<span class=\"_ _1\"></span>ces naturelles. L<span class=\"_ _1\"></span>e montant<span class=\"_ _8\"></span> total des d\u00e9penses de r<span class=\"_ _1\"></span>echerche et d\u00e9v<span class=\"_ _1\"></span>eloppement comptabilis\u00e9 en charges pour 2022 s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 5,5 millions d'euros (2021 : 4,0 millions d'eur<span class=\"_ _1\"></span>os). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-162-7": {
   "value": " <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Co\u00fbt des stocks c<span class=\"_ _1\"></span>omptabilis\u00e9 en charges <span class=\"_ _139\"> </span> <span class=\"_ _11b\"> </span>(96<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.64<span class=\"_ _1\"></span>7) <span class=\"_ _135\"> </span>(721.66<span class=\"_ _1\"></span>1) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _13a\"> </span>12 <span class=\"_ _10a\"> </span>(90<span class=\"_ _1\"></span>.334) <span class=\"_ _e9\"> </span>(73.64<span class=\"_ _1\"></span>7) \u00c9nergie <span class=\"_ _13b\"> </span> <span class=\"_ _cd\"> </span>(26.222) <span class=\"_ _bd\"> </span>(16.477) Amortissements <span class=\"_ _13c\"> </span>17<span class=\"_ _1\"></span>, 18, 19 <span class=\"_ _b9\"> </span>(28.385) <span class=\"_ _13d\"> </span>(26.433) Amortissement des co\u00fbts des c<span class=\"_ _1\"></span>ontrats <span class=\"_ _10b\"> </span> <span class=\"_ _132\"> </span>(153) <span class=\"_ _133\"> </span>(156) T<span class=\"_ _0\"></span>axes \u2013 accises <span class=\"_ _13e\"> </span> <span class=\"_ _d7\"> </span>(2.<span class=\"_ _1\"></span>011) <span class=\"_ _13f\"> </span>(1.603) Primes d'assuranc<span class=\"_ _1\"></span>e <span class=\"_ _a5\"> </span> <span class=\"_ _cd\"> </span>(18.046) <span class=\"_ _d7\"> </span>(9.349) Frais de loca<span class=\"_ _1\"></span>tion <span class=\"_ _140\"> </span> <span class=\"_ _e9\"> </span>(3.995) <span class=\"_ _141\"> </span>(2.464) Frais de tr<span class=\"_ _1\"></span>ansport <span class=\"_ _142\"> </span> <span class=\"_ _143\"> </span>(49.42<span class=\"_ _1\"></span>7) <span class=\"_ _12e\"> </span>(27<span class=\"_ _0\"></span>.618) Frais de publicit\u00e9 <span class=\"_ _144\"> </span> <span class=\"_ _145\"> </span>(1.24<span class=\"_ _1\"></span>1) <span class=\"_ _137\"> </span>(596) Honorair<span class=\"_ _1\"></span>es et avantages pa<span class=\"_ _1\"></span>y\u00e9s \u00e0 des tiers <span class=\"_ _146\"> </span> <span class=\"_ _147\"> </span>(104.903) <span class=\"_ _13d\"> </span>(64.723) Perte sur d\u00e9riv\u00e9s <span class=\"_ _148\"> </span> <span class=\"_ _128\"> </span>2.084 <span class=\"_ _bd\"> </span>(18.433) D\u00e9penses d'entretien <span class=\"_ _12d\"> </span> <span class=\"_ _e6\"> </span>(12.45<span class=\"_ _1\"></span>2) <span class=\"_ _141\"> </span>(9.089) Frais de v<span class=\"_ _1\"></span>oy<span class=\"_ _1\"></span>age <span class=\"_ _127\"> </span> <span class=\"_ _12e\"> </span>(6.<span class=\"_ _1\"></span>178) <span class=\"_ _141\"> </span>(3.890) Commissions <span class=\"_ _149\"> </span> <span class=\"_ _12e\"> </span>(4.<span class=\"_ _1\"></span>187) <span class=\"_ _d7\"> </span>(4.397) Gains/(pertes) de change <span class=\"_ _14a\"> </span> <span class=\"_ _135\"> </span>(8.096) <span class=\"_ _e2\"> </span>(796) Autres char<span class=\"_ _1\"></span>ges <span class=\"_ _13e\"> </span> <span class=\"_ _b7\"> </span>(4.<span class=\"_ _1\"></span>194) <span class=\"_ _c6\"> </span>(3.<span class=\"_ _1\"></span>782) <span class=\"ff18\">T<span class=\"_ _0\"></span>otal co\u00fbt des ventes, fr<span class=\"_ _1\"></span>ais de vent<span class=\"_ _1\"></span>e, </span> de distribution et d\u2019adminis<span class=\"_ _1\"></span>tration <span class=\"_ _14b\"> </span> <span class=\"_ _14c\"> </span>(1.325.386) <span class=\"_ _c3\"> </span>(985.115)A. Rapprochement des v<span class=\"_ _1\"></span>aleurs comptables  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Co\u00fbt <span class=\"_ _10c\"> </span> <span class=\"_ _1ca\"> </span> <span class=\"_ _b7\"> </span> <span class=\"_ _ed\"> </span> <span class=\"_ _f7\"> </span>  Solde au 1er janvier 2021 <span class=\"_ _122\"> </span>177<span class=\"_ _1\"></span>.222 <span class=\"_ _9b\"> </span>539.713 <span class=\"_ _65\"> </span>25.564 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a8\"> </span><span class=\"ff18\">794.<span class=\"_ _1\"></span>052</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _99\"> </span>(321) <span class=\"_ _1cb\"> </span>(75<span class=\"_ _1\"></span>7) <span class=\"_ _110\"> </span>(47) <span class=\"_ _1cc\"> </span>(22) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>147)</span> Acquisitions <span class=\"_ _42\"> </span>596 <span class=\"_ _5e\"> </span>7<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>75 <span class=\"_ _5c\"> </span>2.298 <span class=\"_ _7f\"> </span>30.<span class=\"_ _1\"></span>762 <span class=\"_ _68\"> </span><span class=\"ff18\">41.<span class=\"_ _1\"></span>130</span> Cessions <span class=\"_ _13a\"> </span>(625) <span class=\"_ _1a5\"> </span>(352) <span class=\"_ _a1\"> </span>(187) <span class=\"_ _3d\"> </span>(18) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.183)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _1b1\"> </span>(340) <span class=\"_ _ca\"> </span>(31) <span class=\"_ _fa\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(371)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>15.463 <span class=\"_ _34\"> </span>35.296 <span class=\"_ _1ca\"> </span>587 <span class=\"_ _112\"> </span>(51.444) <span class=\"_ _9b\"> </span><span class=\"ff18\">(99)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _124\"> </span>19<span class=\"_ _1\"></span>2.335 <span class=\"_ _55\"> </span>581.<span class=\"_ _1\"></span>034 <span class=\"_ _1a3\"> </span>28.184 <span class=\"_ _1cd\"> </span>30.831 <span class=\"_ _a6\"> </span>832.383 Solde au 1er janvier 2022 <span class=\"_ _6f\"> </span>192.335 <span class=\"_ _55\"> </span>581.034 <span class=\"_ _18f\"> </span>28.<span class=\"_ _1\"></span>184 <span class=\"_ _41\"> </span>30<span class=\"_ _1\"></span>.831 <span class=\"_ _a6\"> </span><span class=\"ff18\">832.383</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _b9\"> </span>1 <span class=\"_ _10\"> </span>4 <span class=\"_ _bb\"> </span>6 <span class=\"_ _64\"> </span>(96) <span class=\"_ _44\"> </span><span class=\"ff18\">(84)</span> Acquisitions <span class=\"_ _98\"> </span>17<span class=\"_ _0\"></span>.146 <span class=\"_ _93\"> </span>6.322 <span class=\"_ _10\"> </span>1.478 <span class=\"_ _56\"> </span>50.985 <span class=\"_ _53\"> </span><span class=\"ff18\">75.932</span> Cessions <span class=\"_ _1ce\"> </span>- <span class=\"_ _65\"> </span>(9) <span class=\"_ _1cf\"> </span>(23) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(32)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1d0\"> </span>(5) <span class=\"_ _a4\"> </span>(1.484) <span class=\"_ _10\"> </span>(188) <span class=\"_ _fa\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18\">(1.677)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _139\"> </span>2.404 <span class=\"_ _33\"> </span>12.556 <span class=\"_ _fe\"> </span>520 <span class=\"_ _3e\"> </span>(17<span class=\"_ _1\"></span>.215) <span class=\"_ _90\"> </span><span class=\"ff18\">(1.735)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f8\"> </span>211.881 <span class=\"_ _67\"> </span>598.424 <span class=\"_ _3d\"> </span>29.977 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _a8\"> </span>904.788  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Amortissements cumul\u00e9s  et pertes de v<span class=\"_ _1\"></span>aleur  Solde au 1 janvier 2021 <span class=\"_ _1d1\"> </span>(68.821) <span class=\"_ _6e\"> </span>(249<span class=\"_ _1\"></span>.778) <span class=\"_ _1d\"> </span>(17<span class=\"_ _1\"></span>.516) <span class=\"_ _fa\"> </span>- <span class=\"_ _97\"> </span><span class=\"ff18\">(336.<span class=\"_ _1\"></span>115)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d2\"> </span>224 <span class=\"_ _64\"> </span>487 <span class=\"_ _1d3\"> </span>37 <span class=\"_ _fa\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff18 lsef ws62\">74<span class=\"_ _8\"></span>8</span> Amortissement <span class=\"_ _1d4\"> </span>(3.238) <span class=\"_ _21\"> </span>(16.0<span class=\"_ _1\"></span>77) <span class=\"_ _3d\"> </span>(1.808) <span class=\"_ _fa\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff18\">(21.122)</span> Cessions <span class=\"_ _13c\"> </span>622 <span class=\"_ _1d\"> </span>298 <span class=\"_ _1d5\"> </span>185 <span class=\"_ _fa\"> </span>- <span class=\"_ _55\"> </span><span class=\"ff18\">1.<span class=\"_ _1\"></span>105</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _3f\"> </span>340 <span class=\"_ _1ac\"> </span>16 <span class=\"_ _fe\"> </span>- <span class=\"_ _a4\"> </span><span class=\"ff18 ls92 ws61\">356</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1d6\"> </span>- <span class=\"_ _1a5\"> </span>(872) <span class=\"_ _110\"> </span>(25) <span class=\"_ _fa\"> </span>- <span class=\"_ _1d7\"> </span><span class=\"ff18\">(898)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c0\"> </span>(71.213) <span class=\"_ _7e\"> </span>(265.602) <span class=\"_ _3d\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(3<span class=\"_ _1\"></span>55.925) Solde au 1 janvier 2022 <span class=\"_ _15c\"> </span>(71.213) <span class=\"_ _90\"> </span>(265.602) <span class=\"_ _5b\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fe\"> </span>- <span class=\"_ _6a\"> </span><span class=\"ff18\">(355.925)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d5\"> </span>(1) <span class=\"_ _1d8\"> </span>(22) <span class=\"_ _11a\"> </span>(4) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(27)</span> Amortissement <span class=\"_ _1d9\"> </span>(3.489) <span class=\"_ _1da\"> </span>(17<span class=\"_ _1\"></span>.528) <span class=\"_ _1d\"> </span>(2.02<span class=\"_ _1\"></span>4) <span class=\"_ _fa\"> </span>- <span class=\"_ _a8\"> </span><span class=\"ff18\">(23.041)</span> Cessions <span class=\"_ _1ce\"> </span>-  <span class=\"_ _1a9\"> </span>9 <span class=\"_ _d0\"> </span>17 <span class=\"_ _fa\"> </span>- <span class=\"_ _93\"> </span><span class=\"ff18\">26</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1db\"> </span>5 <span class=\"_ _1b3\"> </span>1.431 <span class=\"_ _ed\"> </span>187 <span class=\"_ _fa\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff18\">1.623</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1a4\"> </span>8 <span class=\"_ _27\"> </span>(70) <span class=\"_ _11a\"> </span>(5) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(66)</span> D\u00e9pr\u00e9ciation <span class=\"_ _104\"> </span>-  <span class=\"_ _44\"> </span>(1.222) <span class=\"_ _190\"> </span>- <span class=\"_ _fa\"> </span>- <span class=\"_ _90\"> </span><span class=\"ff18\">(1.222)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _132\"> </span>(7<span class=\"_ _1\"></span>4.690) <span class=\"_ _35\"> </span>(283.003) <span class=\"_ _1a5\"> </span>(20<span class=\"_ _1\"></span>.940) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(378.632) V<span class=\"_ _1\"></span>aleurs comptables<span class=\"ff19\"> <span class=\"_ _1dc\"> </span>  <span class=\"_ _1dd\"> </span>  <span class=\"_ _13d\"> </span>  <span class=\"_ _1ca\"> </span>  <span class=\"_ _1cc\"> </span> </span> Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1de\"> </span>108.401 <span class=\"_ _21\"> </span>289.935 <span class=\"_ _1a2\"> </span>8.048 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a6\"> </span><span class=\"ff18\">457<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _1df\"> </span>121.<span class=\"_ _1\"></span>122 <span class=\"_ _1da\"> </span>315.432 <span class=\"_ _99\"> </span>9.07<span class=\"_ _1\"></span>3 <span class=\"_ _71\"> </span>30.831 <span class=\"_ _29\"> </span>476.458</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1e0\"> </span>137<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>192 <span class=\"_ _44\"> </span>315.421 <span class=\"_ _1a2\"> </span>9.038 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _5f\"> </span>526.156 Le montant net des autr<span class=\"_ _1\"></span>es reclassifications c<span class=\"_ _1\"></span>oncerne les actifs incorporels en c<span class=\"_ _1\"></span>onstruction reclas<span class=\"_ _1\"></span>s\u00e9s au cours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en actifs incorporels et des r<span class=\"_ _1\"></span>eclassifications des actifs au titre du dr<span class=\"_ _1\"></span>oit d'utilisation. B. Nantissement Des immobilisations corpor<span class=\"_ _1\"></span>elles d\u2019une valeur comptable de 4<span class=\"_ _1\"></span>9 millions d\u2019eur<span class=\"_ _1\"></span>os sont donn\u00e9es en garanties d\u2019<span class=\"_ _1\"></span>emprunts re\u00e7us par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings (voir la not<span class=\"_ _1\"></span>e 26).<span class=\"_ _8\"></span> B. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable des actifs au titre du droit d'utilisa<span class=\"_ _1\"></span>tion<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier  <span class=\"_ _1e4\"> </span>3.469 <span class=\"_ _186\"> </span>5.598 Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1e5\"> </span>29 <span class=\"_ _1c8\"> </span>6 Acquisitions <span class=\"_ _1e6\"> </span>1.597 <span class=\"_ _198\"> </span>909 Fin d'utilisation  <span class=\"_ _1e7\"> </span>(194) <span class=\"_ _d5\"> </span>(176) Modifications  <span class=\"_ _1e8\"> </span>29 <span class=\"_ _c8\"> </span>- Amortissements  <span class=\"_ _17d\"> </span>(1.221) <span class=\"_ _18a\"> </span>(1.490) Autres r<span class=\"_ _1\"></span>eclassifications  <span class=\"_ _172\"> </span>54 <span class=\"_ _be\"> </span>(1.377) Solde au 31 d\u00e9cembre  <span class=\"_ _1e9\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _d7\"> </span>3.469C. Montants comptabilis\u00e9s dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats<span class=\"_ _8\"></span> Le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 fait appar<span class=\"_ _1\"></span>a\u00eetre les montants suiv<span class=\"_ _1\"></span>ants en relation av<span class=\"_ _1\"></span>ec les contr<span class=\"_ _1\"></span>ats de location :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Amortissement des actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation <span class=\"_ _1ea\"> </span>  B\u00e2timents <span class=\"_ _c2\"> </span>76 <span class=\"_ _1eb\"> </span>68 Machines <span class=\"_ _1ec\"> </span>51 <span class=\"_ _16b\"> </span>252 Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _1ed\"> </span>1.029 <span class=\"_ _116\"> </span>1.10<span class=\"_ _1\"></span>7 Autres \u00e9quipements <span class=\"_ _1ee\"> </span>64 <span class=\"_ _1eb\"> </span>63 T<span class=\"_ _0\"></span>otal <span class=\"_ _1ef\"> </span>1.221 <span class=\"_ _186\"> </span>1.490 Frais d'int\u00e9r\u00eat (inclus dans le c<span class=\"_ _1\"></span>o\u00fbt financier) <span class=\"_ _95\"> </span>226 <span class=\"_ _df\"> </span>207 Lo<span class=\"_ _1\"></span>yers variables <span class=\"_ _1f1\"> </span>27<span class=\"_ _0\"></span>4 <span class=\"_ _1c6\"> </span>123 Lo<span class=\"_ _1\"></span>yers de faible v<span class=\"_ _1\"></span>aleur <span class=\"_ _1f2\"> </span>27<span class=\"_ _1\"></span>5 <span class=\"_ _133\"> </span>190 Lo<span class=\"_ _1\"></span>yers \u00e0 court terme <span class=\"_ _102\"> </span>2.865 <span class=\"_ _128\"> </span>1.680A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Co\u00fbt<span class=\"ff19\"> <span class=\"_ _1c3\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span>  <span class=\"_ _1f5\"> </span>  <span class=\"_ _1d\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1f6\"> </span>1.57<span class=\"_ _1\"></span>5 <span class=\"_ _1d\"> </span>30.<span class=\"_ _1\"></span>189 <span class=\"_ _3f\"> </span>16.512 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _90\"> </span><span class=\"ff18\">48.5<span class=\"_ _1\"></span>78</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _65\"> </span>(83) <span class=\"_ _1f7\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(83)</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _109\"> </span>1.446 <span class=\"_ _1a8\"> </span>1.962 <span class=\"_ _1f7\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">3.408</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>(1.200) <span class=\"_ _1a2\"> </span>1.610 <span class=\"_ _10d\"> </span>1.697 <span class=\"_ _19f\"> </span>-  <span class=\"_ _1d7\"> </span>2.10<span class=\"_ _1\"></span>7 Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1d1\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1e\"> </span>33.245 <span class=\"_ _1a5\"> </span>20.<span class=\"_ _1\"></span>087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>54.010 Solde au 1 janvier 2022 <span class=\"_ _195\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _89\"> </span>33.2<span class=\"_ _1\"></span>45 <span class=\"_ _5e\"> </span>20<span class=\"_ _1\"></span>.087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span><span class=\"ff18\">54.010</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _ed\"> </span>2 <span class=\"_ _1f7\"> </span>- <span class=\"_ _1e\"> </span><span class=\"ff18\">2</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _fd\"> </span>1.47<span class=\"_ _1\"></span>9 <span class=\"_ _3d\"> </span>1.597 <span class=\"_ _19f\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff18\">3.077</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1f8\"> </span>- <span class=\"_ _84\"> </span>386 <span class=\"_ _5b\"> </span>1.361 <span class=\"_ _19f\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18 lsef ws62\">1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _7\"></span>7</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f5\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _5b\"> </span>35.111 <span class=\"_ _93\"> </span>23.048 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>58.836 <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Amortissement cumul\u00e9 et  pertes de v<span class=\"_ _1\"></span>aleur<span class=\"ff19\"> <span class=\"_ _1f9\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span><span class=\"fc6 sc0\"> </span> <span class=\"_ _1f5\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1fa\"> </span>(902) <span class=\"_ _89\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>16) <span class=\"_ _1cd\"> </span>(10.514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(224) <span class=\"_ _29\"> </span><span class=\"ff18\">(19.256)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _1f5\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">55</span> Amortissements <span class=\"_ _1dc\"> </span>(80) <span class=\"_ _1d8\"> </span>(1.962) <span class=\"_ _46\"> </span>(1.7<span class=\"_ _1\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _27\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(3.821)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1fb\"> </span>608 <span class=\"_ _1fc\"> </span>-  <span class=\"_ _89\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _9b\"> </span><span class=\"ff18 ls94 ws5c\">267</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _ea\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _1b3\"> </span>(9.578) <span class=\"_ _94\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _91\"> </span>(22.7<span class=\"_ _1\"></span>55) Solde au 1 janvier 2022 <span class=\"_ _1fd\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _27\"> </span>(9.5<span class=\"_ _1\"></span>78) <span class=\"_ _43\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _7f\"> </span>(237) <span class=\"_ _91\"> </span><span class=\"ff18\">(22.755)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _cd\"> </span> - <span class=\"_ _1d3\"> </span> - <span class=\"_ _e8\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _63\"> </span> - <span class=\"_ _27\"> </span><span class=\"ff18\"> -</span> Amortissements <span class=\"_ _1db\"> </span>-  <span class=\"_ _1b3\"> </span>(2.217) <span class=\"_ _5e\"> </span>(1.894)<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(4.<span class=\"_ _1\"></span>123)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _130\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _5e\"> </span>(11.795) <span class=\"_ _56\"> </span>(14.461)<span class=\"fc6 sc0\"> </span><span class=\"_ _113\"> </span>(250) <span class=\"_ _ac\"> </span>(26.87<span class=\"_ _1\"></span>9) V<span class=\"_ _1\"></span>aleurs comptables nettes <span class=\"_ _1fe\"> </span> <span class=\"_ _1ff\"> </span> <span class=\"_ _1ac\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _1d2\"> </span>  Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c2\"> </span>673 <span class=\"_ _64\"> </span>22.5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 <span class=\"_ _64\"> </span>5.997<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>79 <span class=\"_ _90\"> </span><span class=\"ff18\">29.323</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _200\"> </span>-  <span class=\"_ _19e\"> </span>23.667 <span class=\"_ _10d\"> </span>7<span class=\"_ _1\"></span>.521<span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>66 <span class=\"_ _8d\"> </span>31.254</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1b2\"> </span>-  <span class=\"_ _27\"> </span>23.316 <span class=\"_ _64\"> </span>8.588<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>53 <span class=\"_ _ef\"> </span>31.957B. Amortissements L'amortissement des mar<span class=\"_ _1\"></span>ques commerciales et des lic<span class=\"_ _1\"></span>ences dont la dur\u00e9e d\u2019utilit\u00e9 est limit\u00e9e, des logiciels et d\u2019autr<span class=\"_ _1\"></span>es immobilisations incorpor<span class=\"_ _1\"></span>elles sont allou\u00e9s au co\u00fbt des stocks et sont inclus dans les co\u00fbts de v<span class=\"_ _1\"></span>ente lorsque le stock es<span class=\"_ _1\"></span>t vendu, car les mar<span class=\"_ _1\"></span>ques et licences et les logiciels sont principalement utilis\u00e9s direct<span class=\"_ _1\"></span>ement pour la<span class=\"_ _8\"></span> fabrication de pr<span class=\"_ _1\"></span>oduits et sont consid\u00e9r\u00e9s comme des fr<span class=\"_ _1\"></span>ais g\u00e9n\u00e9raux de pr<span class=\"_ _1\"></span>oduction. L\u2019<span class=\"_ _1\"></span>amortissement des actifs<span class=\"_ _8\"></span> incorpor<span class=\"_ _1\"></span>els qui ne sont pas utilis\u00e9s pour la production est affect\u00e9 aux d\u00e9penses adminis<span class=\"_ _1\"></span>trativ<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-164-6": {
   "value": "Cener<span class=\"_ _1\"></span>gy Holdings inves<span class=\"_ _1\"></span>tit massivement dans la r<span class=\"_ _1\"></span>echerche et le d\u00e9v<span class=\"_ _1\"></span>eloppement afin de proposer en permanence des produits et des servic<span class=\"_ _1\"></span>es \u00e0 valeur ajout\u00e9e sur le mar<span class=\"_ _1\"></span>ch\u00e9 et de perfectionner les proces<span class=\"_ _1\"></span>sus de production, et afin de promouv<span class=\"_ _1\"></span>oir \u00e9galement le recy<span class=\"_ _1\"></span>clage des mat\u00e9riaux et l\u2019utilisation appr<span class=\"_ _1\"></span>opri\u00e9e des ressour<span class=\"_ _1\"></span>ces naturelles. L<span class=\"_ _1\"></span>e montant<span class=\"_ _8\"></span> total des d\u00e9penses de r<span class=\"_ _1\"></span>echerche et d\u00e9v<span class=\"_ _1\"></span>eloppement comptabilis\u00e9 en charges pour 2022 s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 5,5 millions d'euros (2021 : 4,0 millions d'eur<span class=\"_ _1\"></span>os). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-3": {
   "value": "9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-4": {
   "value": "9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-5": {
   "value": "9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-6": {
   "value": "9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-7": {
   "value": "9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-8": {
   "value": "9. R\u00e9sultat financier net  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)Les char<span class=\"_ _1\"></span>ges d'int\u00e9r\u00eat et les co\u00fbts li\u00e9s ont augment\u00e9 de 36 % par rapport \u00e0 2021 en r<span class=\"_ _1\"></span>aison de l'augmentation des besoins en fonds de r<span class=\"_ _1\"></span>oulement, qui a entra\u00een\u00e9 des niv<span class=\"_ _1\"></span>eaux d'endettement moy<span class=\"_ _1\"></span>ens plus \u00e9lev\u00e9s que l'an dernier<span class=\"_ _0\"></span>,<span class=\"_ _8\"></span> et des taux d'int\u00e9r\u00eat plus \u00e9lev\u00e9s dus \u00e0 l'augmentation des taux d'EURIBOR, en particulier au c<span class=\"_ _1\"></span>ours du deuxi\u00e8me<span class=\"_ _8\"></span> semestr<span class=\"_ _1\"></span>e de l'ann\u00e9e.<span class=\"_ _8\"></span> Compte t<span class=\"_ _1\"></span>enu des pressions sur les taux d'int\u00e9r\u00eat qui s'ac<span class=\"_ _1\"></span>centuent \u00e0 mesure que les politiques mon\u00e9tair<span class=\"_ _1\"></span>es se res<span class=\"_ _1\"></span>serrent, <span class=\"ws1\">les deux segments ont pris des mesur<span class=\"_ _1\"></span>es sur les march\u00e9s des instruments d\u00e9riv\u00e9s pour couvrir leurs </span>charges financi\u00e8r<span class=\"_ _1\"></span>es. Les r\u00e9sultats et l'\u00e9v<span class=\"_ _1\"></span>aluation de ces swaps de taux d'int\u00e9r\u00eat sont c<span class=\"_ _1\"></span>omptabilis\u00e9s dans la ligne \u00ab Charges financi\u00e8r<span class=\"_ _1\"></span>es \u00bb. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-166-9": {
   "value": " <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-166-10": {
   "value": " <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Produits financiers <span class=\"_ _14e\"> </span>  Produits d'int\u00e9r\u00eats <span class=\"_ _14f\"> </span>21 <span class=\"_ _d3\"> </span>21 Dividendes <span class=\"_ _150\"> </span>4<span class=\"_ _1\"></span>7 <span class=\"_ _f8\"> </span>36 Gains sur les \u00e9carts de change <span class=\"_ _151\"> </span>363 <span class=\"_ _df\"> </span>207 <span class=\"_ _152\"> </span>431 264 Charges financi\u00e8res <span class=\"_ _153\"> </span>  Charges d'int\u00e9r\u00eats et c<span class=\"_ _1\"></span>o\u00fbts li\u00e9s <span class=\"_ _154\"> </span>(38.332) <span class=\"_ _10a\"> </span>(28.<span class=\"_ _1\"></span>106) Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Pertes sur les \u00e9carts de change <span class=\"_ _156\"> </span>(1.928) <span class=\"_ _101\"> </span>(1.<span class=\"_ _1\"></span>143) (36<span class=\"ws1\">.<span class=\"ws77\">893) (29</span>.<span class=\"ls94 ws5c\">249)</span></span> R\u00e9sultat financier net <span class=\"_ _157\"> </span>(36.<span class=\"ws78\">462) (28</span>.985) Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _159\"> </span>36.431 <span class=\"_ _135\"> </span>34.539 Quote-part dans le r\u00e9sultat apr\u00e8s imp\u00f4t <span class=\"_ _207\"> </span>6.059 <span class=\"_ _180\"> </span>1.855 Quote-part dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _118\"> </span>(133) <span class=\"_ _dc\"> </span>(94) Cessions <span class=\"_ _174\"> </span>(2.358) <span class=\"_ _c8\"> </span>- Dividendes re\u00e7us <span class=\"_ _208\"> </span>(282) <span class=\"_ _186\"> </span>(656) Ecarts de change <span class=\"_ _209\"> </span>1.24<span class=\"_ _1\"></span>1 <span class=\"_ _16b\"> </span>786 Solde au 31 d\u00e9cembre <span class=\"_ _20a\"> </span>40.959 <span class=\"_ _be\"> </span>36.431 Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 1 janvier (100 %) <span class=\"_ _215\"> </span>22.891 <span class=\"_ _13d\"> </span>20.336 R\u00e9sultat global total de A<span class=\"_ _1\"></span>O-CPW (100 %) <span class=\"_ _19d\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _11c\"> </span>1.910 Ecarts de change (100 %) <span class=\"_ _169\"> </span>2.399 <span class=\"_ _180\"> </span>1.49<span class=\"_ _1\"></span>3 Dividendes (100 %) <span class=\"_ _216\"> </span>-  <span class=\"_ _101\"> </span>(849) <span class=\"ff18\">Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (100 %) <span class=\"_ _217\"> </span>32.577 <span class=\"_ _db\"> </span>22.891</span> V<span class=\"_ _1\"></span>aleur comptable des int\u00e9r\u00eats dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (49 %) <span class=\"_ _18a\"> </span>11.216 <span class=\"_ _145\"> </span>11.216 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Int<span class=\"_ _1\"></span>ernational T<span class=\"_ _1\"></span>rade S.A. <span class=\"_ _218\"> </span>22.726 <span class=\"_ _141\"> </span>21.<span class=\"_ _1\"></span>481 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company <span class=\"_ _219\"> </span>-  <span class=\"_ _17a\"> </span>1.732 V<span class=\"_ _1\"></span>aleur comptable de la participation dans d'autr<span class=\"_ _1\"></span>es entreprises associ\u00e9es  individuellement immat\u00e9rielles <span class=\"_ _21a\"> </span>2.270 <span class=\"_ _141\"> </span>2.002 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>40<span class=\"_ _1\"></span>.959 <span class=\"_ _db\"> </span>36.431Comme A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW est bas\u00e9e en Russie, il e<span class=\"_ _1\"></span>xiste des r<span class=\"_ _1\"></span>estrictions quant \u00e0 la capacit\u00e9 de l'entreprise associ\u00e9e \u00e0 transf\u00e9r<span class=\"_ _1\"></span>er des fonds \u00e0 la Soci\u00e9t\u00e9 et \u00e0 ses filiales sous forme de dividendes en esp\u00e8c<span class=\"_ _1\"></span>es, en raison des contr<span class=\"_ _1\"></span>e-sanctions impos\u00e9es par la F\u00e9d\u00e9ration de Rus<span class=\"_ _1\"></span>sie.<span class=\"_ _8\"></span> La l\u00e9gislation russe mise en place depuis mai 20<span class=\"_ _1\"></span>22 limite les paiements de montants sup\u00e9rieurs \u00e0 envir<span class=\"_ _1\"></span>on 150<span class=\"_ _8\"></span> milliers d\u2019<span class=\"_ _1\"></span>euros aux r\u00e9sidents de l\u2019UE en r\u00e9ponse aux sanctions impos\u00e9es contr<span class=\"_ _1\"></span>e la Russie. Bien que ces r<span class=\"_ _1\"></span>estrictions soient d\u00e9clar\u00e9es tempor<span class=\"_ _1\"></span>aires, pour \u00e9viter t<span class=\"_ _1\"></span>oute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu potentielle, Humbel Lt<span class=\"_ _1\"></span>d (propri\u00e9taire de 4<span class=\"_ _1\"></span>9 % des<span class=\"_ _8\"></span> actions de l\u2019<span class=\"_ _0\"></span>AO TMK<span class=\"_ _1\"></span>-CPW) a demand\u00e9 \u00e0 A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW de r<span class=\"_ _1\"></span>eporter le paiement de tout dividende li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> 2021 jusqu\u2019\u00e0 nouv<span class=\"_ _1\"></span>el ordr<span class=\"_ _1\"></span>e. Par cons\u00e9quent, en 2022, il n\u2019y a pas eu de tr<span class=\"_ _1\"></span>ansactions entre A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et le Groupe. Le 8 mars 2023, le c<span class=\"_ _1\"></span>onseil d\u2019administr<span class=\"_ _1\"></span>ation de Cenergy Holdings a d\u00e9cid\u00e9 de pr<span class=\"_ _1\"></span>oposer \u00e0 l\u2019assembl\u00e9e g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale<span class=\"_ _8\"></span> ordinair<span class=\"_ _1\"></span>e des actionnaires qui se tiendr<span class=\"_ _1\"></span>a le 30 mai 2023, l\u2019appr<span class=\"_ _1\"></span>obation d\u2019un dividende brut de 0,05 eur<span class=\"_ _1\"></span>o par action. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-2": {
   "value": "10. B\u00e9n\u00e9fic<span class=\"_ _1\"></span>e par action<span class=\"_ _8\"></span> \u00c9tant donn\u00e9 qu\u2019il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e ni options d\u2019achat d\u2019actions ni obliga<span class=\"_ _1\"></span>tions conv<span class=\"_ _1\"></span>ertibles, le r\u00e9sultat de base et le r\u00e9sultat<span class=\"_ _8\"></span> dilu\u00e9 par action sont identiques et ont \u00e9t\u00e9 calcul\u00e9s sur la base du r\u00e9sultat attribuable aux actionnair<span class=\"_ _1\"></span>es ordinair<span class=\"_ _1\"></span>es et<span class=\"_ _8\"></span> du nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d\u2019<span class=\"_ _1\"></span>actions ordinair<span class=\"_ _1\"></span>es en circulation. A. B\u00e9n\u00e9fice attribuable aux pr<span class=\"_ _1\"></span>opri\u00e9taires de la Soci\u00e9t\u00e9 <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice attribuable aux pr<span class=\"_ _1\"></span>opri\u00e9taires de la Soci\u00e9t\u00e9 <span class=\"_ _158\"> </span>60.4<span class=\"_ _1\"></span>17 <span class=\"_ _be\"> </span>22.0<span class=\"_ _1\"></span>77B. Nombre mo<span class=\"_ _1\"></span>yen pond\u00e9r\u00e9 d'actions ordinair<span class=\"_ _1\"></span>es en circulation Le nombr<span class=\"_ _1\"></span>e d'actions ordinaires en cir<span class=\"_ _1\"></span>culation pour 2022 et 2021 \u00e9tait de 190<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>162.681 actions. Aucune action n'a \u00e9t\u00e9<span class=\"_ _8\"></span> \u00e9mise en 2022. C. R\u00e9sultat par action Le r\u00e9sultat de base et le r\u00e9sultat dilu\u00e9 par action s\u2019\u00e9l\u00e8v<span class=\"_ _1\"></span>ent \u00e0 :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  En euros par action <span class=\"_ _159\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9sultat de base et dilu\u00e9 <span class=\"_ _15a\"> </span>0,31771 <span class=\"_ _c0\"> </span>0,<span class=\"_ _1\"></span>11610",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-170-2": {
   "value": "11. A<span class=\"_ _0\"></span>vantages du personnel  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Passif net au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies  <span class=\"_ _15c\"> </span> <span class=\"_ _dc\"> </span>2.891 <span class=\"_ _df\"> </span>2.922 Dettes au titr<span class=\"_ _1\"></span>e des cotisations de s\u00e9curit\u00e9 sociale <span class=\"_ _135\"> </span>27 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 T<span class=\"_ _0\"></span>otal des avantages du personnel <span class=\"_ _15d\"> </span> <span class=\"_ _d5\"> </span>6.382 <span class=\"_ _137\"> </span>5.288  Non courant <span class=\"_ _15e\"> </span> <span class=\"_ _15f\"> </span>2.8<span class=\"_ _1\"></span>91 <span class=\"_ _12a\"> </span>2.922 Courant <span class=\"_ _105\"> </span> <span class=\"_ _11d\"> </span>3.491 <span class=\"_ _df\"> </span>2.366 Pour de plus amples informations sur les char<span class=\"_ _1\"></span>ges li\u00e9es aux av<span class=\"_ _1\"></span>antages du personnel, veuillez-<span class=\"_ _1\"></span>vous r\u00e9f\u00e9r<span class=\"_ _1\"></span>er \u00e0 la note 12.<span class=\"_ _8\"></span> A. R\u00e9gimes d\u2019a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploi Les r\u00e9gimes post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploi sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> R\u00e9gime \u00e0 cotisations d\u00e9finies T<span class=\"_ _0\"></span>ous les salari\u00e9s des filiales de la Soci\u00e9t\u00e9 sont couv<span class=\"_ _1\"></span>erts pour leur retr<span class=\"_ _1\"></span>aite principale par les organismes d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> sociale respectifs, dans le r<span class=\"_ _1\"></span>espect de la l\u00e9gislation locale. D\u00e8s que les cotisations ont \u00e9t\u00e9 v<span class=\"_ _1\"></span>ers\u00e9es, les filiales de la Soci\u00e9t\u00e9 n\u2019assument plus aucune autr<span class=\"_ _1\"></span>e obligation de paiement. Les cotisa<span class=\"_ _1\"></span>tions habituelles constituent des co\u00fbts p\u00e9riodiques nets pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice dur<span class=\"_ _1\"></span>ant lequel elles sont dues et, en tant que telles, r<span class=\"_ _1\"></span>el\u00e8vent des d\u00e9penses inh\u00e9r<span class=\"_ _1\"></span>entes<span class=\"_ _8\"></span> aux av<span class=\"_ _1\"></span>antages du personnel.<span class=\"_ _8\"></span> R\u00e9gime \u00e0 prestations d\u00e9finies Les emplo<span class=\"_ _1\"></span>y\u00e9s des filiales de la Soci\u00e9t\u00e9 en Gr\u00e8ce et en Bulgarie ont droit \u00e0 une somme f<span class=\"_ _1\"></span>orfaitaire lorsqu'ils pr<span class=\"_ _1\"></span>ennent<span class=\"_ _8\"></span> leur retr<span class=\"_ _1\"></span>aite. Cet<span class=\"_ _1\"></span>te somme forfaitair<span class=\"_ _1\"></span>e est d\u00e9termin\u00e9e en tenant c<span class=\"_ _1\"></span>ompte des ann\u00e9es de service et du salair<span class=\"_ _1\"></span>e \u00e0 la date de d\u00e9part en retr<span class=\"_ _1\"></span>aite. Cet<span class=\"_ _1\"></span>te obligation r\u00e9pond \u00e0 la d\u00e9finition des r\u00e9gimes \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies et les prestations accumul\u00e9es sont imput\u00e9es au compt<span class=\"_ _1\"></span>e de r\u00e9sultat de chaque p\u00e9riode av<span class=\"_ _1\"></span>ec une augmentation correspondant<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> de l'obligation de retr<span class=\"_ _1\"></span>aite. L<span class=\"_ _1\"></span>es avantages v<span class=\"_ _1\"></span>ers\u00e9s aux retr<span class=\"_ _1\"></span>ait\u00e9s au cours de chaque p\u00e9riode sont comptabilis\u00e9s en contr<span class=\"_ _1\"></span>epartie de ce passif<span class=\"_ _1\"></span>. Ces r\u00e9gimes ne sont pas financ\u00e9s. B. V<span class=\"_ _1\"></span>ariation du passif net des pr<span class=\"_ _1\"></span>estations d\u00e9finies Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre le solde d\u2019<span class=\"_ _1\"></span>ouv<span class=\"_ _1\"></span>erture et le solde de cl\u00f4ture du pas<span class=\"_ _1\"></span>sif net des<span class=\"_ _8\"></span> pres<span class=\"_ _1\"></span>tations d\u00e9finies et de ses composantes.  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _160\"> </span>2.922 <span class=\"_ _145\"> </span>2.558 Montants inclus dans le b\u00e9n\u00e9fice ou la perte <span class=\"_ _10c\"> </span>   Co\u00fbt des services r<span class=\"_ _1\"></span>endus au cours de la p\u00e9riode <span class=\"_ _161\"> </span>435 <span class=\"_ _121\"> </span>341 Co\u00fbt des services pass\u00e9s <span class=\"_ _ad\"> </span>59 <span class=\"_ _f8\"> </span>52 Liquidation/<span class=\"_ _1\"></span>r\u00e9duction/<span class=\"_ _1\"></span>perte sur r\u00e9siliation <span class=\"_ _162\"> </span>443 <span class=\"_ _d5\"> </span>1.<span class=\"_ _1\"></span>730 Charges d'int\u00e9r\u00eats <span class=\"_ _163\"> </span>6 <span class=\"_ _164\"> </span>7 <span class=\"_ _165\"> </span>942 2,<span class=\"_ _1\"></span>130 Inclus dans les autres \u00e9l\u00e9ments du r\u00e9sultat global Perte/(<span class=\"_ _1\"></span>gain) li\u00e9s \u00e0 la r\u00e9\u00e9valuation <span class=\"_ _166\"> </span>  <span class=\"_ _167\"> </span>  Perte/(<span class=\"_ _1\"></span>gain) actuarielle li\u00e9e aux : <span class=\"_ _168\"> </span>  <span class=\"_ _167\"> </span>  - hypoth\u00e8ses d\u00e9mogr<span class=\"_ _1\"></span>aphiques <span class=\"_ _169\"> </span>- <span class=\"_ _d3\"> </span>18 - hypoth\u00e8ses financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _16a\"> </span>(550) <span class=\"_ _16b\"> </span>238 - ajustements li\u00e9s \u00e0 l'e<span class=\"_ _1\"></span>xp\u00e9rience <span class=\"_ _16c\"> </span>126 <span class=\"_ _f8\"> </span>23 <span class=\"_ _16d\"> </span>(423) 279 Autres mouv<span class=\"_ _1\"></span>ements <span class=\"_ _16e\"> </span>  Contributions pay\u00e9es <span class=\"_ _16d\"> </span>(550) <span class=\"_ _c3\"> </span>(2.045) Solde au 31 d\u00e9cembre <span class=\"_ _16f\"> </span>2.891 <span class=\"_ _145\"> </span>2.922Au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont fourni 550 milliers d'eur<span class=\"_ _1\"></span>os de versements de contributions aux emplo<span class=\"_ _1\"></span>y\u00e9s qui ont quitt\u00e9 le Groupe au c<span class=\"_ _1\"></span>ours de l'ex<span class=\"_ _1\"></span>ercice. Un c<span class=\"_ _1\"></span>o\u00fbt suppl\u00e9mentaire r\u00e9sultant de ces paiements (perte sur liquidation/<span class=\"_ _1\"></span>r\u00e9duction/<span class=\"_ _1\"></span>r\u00e9siliation de 443 milliers d'eur<span class=\"_ _1\"></span>os) a \u00e9t\u00e9 comptabilis\u00e9. Plus pr\u00e9cis\u00e9ment, dans les cas de licenciement, de d\u00e9part v<span class=\"_ _1\"></span>olontaire a<span class=\"_ _1\"></span>vec indemnit\u00e9s et de d\u00e9part en retr<span class=\"_ _1\"></span>aite, les fr<span class=\"_ _1\"></span>ais suppl\u00e9mentaires repr\u00e9sent<span class=\"_ _1\"></span>ent la diff\u00e9rence entr<span class=\"_ _1\"></span>e les contributions v<span class=\"_ _1\"></span>ers\u00e9es et le montant comptabilis\u00e9 dans le passif au titre des r\u00e9gimes de retr<span class=\"_ _1\"></span>aite \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies des employ\u00e9s c<span class=\"_ _1\"></span>oncern\u00e9s.<span class=\"_ _8\"></span> L'augmentation des pres<span class=\"_ _1\"></span>tations vers\u00e9es et la pert<span class=\"_ _1\"></span>e de r\u00e8glement/r\u00e9duction/<span class=\"_ _0\"></span>cessation d'emploi au c<span class=\"_ _1\"></span>ours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent sont attribu\u00e9es aux initiatives d'optimisa<span class=\"_ _1\"></span>tion des co\u00fbts dans le segment T<span class=\"_ _0\"></span>ubes d\u2019acier conclues au cours du pr<span class=\"_ _1\"></span>emier trimestre de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice pr\u00e9c\u00e9dent. C. Obligation au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies<span class=\"_ _8\"></span> a) Hypoth\u00e8ses actuarielles Les principales hypoth\u00e8ses actuarielles en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture \u00e9taient les suiv<span class=\"_ _1\"></span>antes (en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e) : <span class=\"_ _100\"> </span>2022 2021 T<span class=\"_ _0\"></span>aux d'actualisation <span class=\"_ _102\"> </span>3,66 % <span class=\"_ _170\"> </span>0,21 % Inflation <span class=\"_ _171\"> </span>2,80 % <span class=\"_ _170\"> </span>2,10 % Croissanc<span class=\"_ _1\"></span>e salariale <span class=\"_ _172\"> </span>3,05 % <span class=\"_ _db\"> </span>2,95 % Dur\u00e9e du r\u00e9gime (e<span class=\"_ _1\"></span>xprim\u00e9e en ann\u00e9es) <span class=\"_ _173\"> </span>5,41 <span class=\"_ _132\"> </span>6,26Les hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant la mortalit\u00e9 future ont \u00e9t\u00e9 bas\u00e9es sur les s<span class=\"_ _1\"></span>tatistiques publi\u00e9es et les tableaux de<span class=\"_ _8\"></span> mortalit\u00e9. b) Analy<span class=\"_ _1\"></span>se de l\u2019\u00e9ch\u00e9ance att<span class=\"_ _1\"></span>endue<span class=\"_ _8\"></span> La ventila<span class=\"_ _1\"></span>tion de l\u2019es<span class=\"_ _1\"></span>timation des flux de tr\u00e9sorerie des pres<span class=\"_ _1\"></span>tations non actualis\u00e9es pour les ann\u00e9es \u00e0 venir pour le passif des pr<span class=\"_ _1\"></span>estations d\u00e9finies du Groupe est la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Jusqu'\u00e0 1 an <span class=\"_ _174\"> </span>509 <span class=\"_ _137\"> </span>360 Entre 1 et 2 ans <span class=\"_ _ba\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _117\"> </span>155 Entre 2 et 5 ans <span class=\"_ _175\"> </span>752 <span class=\"_ _e2\"> </span>626 Plus de 5 ans <span class=\"_ _176\"> </span>2.<span class=\"_ _1\"></span>130 <span class=\"_ _b6\"> </span>1.823 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>3.566 <span class=\"_ _141\"> </span>2.964c) Analy<span class=\"_ _1\"></span>se de sensibilit\u00e9<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019analyse de sensibilit\u00e9 pour chaque h<span class=\"_ _1\"></span>ypoth\u00e8se actuarielle importante qui pouvait \u00eatr<span class=\"_ _1\"></span>e raisonnablement \u00e9mise \u00e0 la fin de la p\u00e9riode consid\u00e9r\u00e9e et qui montr<span class=\"_ _1\"></span>e comment l\u2019<span class=\"_ _1\"></span>obligation au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies aurait pu \u00eatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> affect\u00e9e par les v<span class=\"_ _1\"></span>ariations suivantes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _177\"> </span>Augmentation <span class=\"_ _41\"> </span>Diminution T<span class=\"_ _0\"></span>aux d'actualisation (mouvement de 0<span class=\"_ _1\"></span>,5 %) <span class=\"_ _178\"> </span>(77) <span class=\"_ _135\"> </span>77 Croissanc<span class=\"_ _1\"></span>e salariale (mouvement de 0,5 %) <span class=\"_ _179\"> </span>75 <span class=\"_ _147\"> </span>(80)Si des taux de retr<span class=\"_ _1\"></span>ait nuls \u00e9taient utilis\u00e9s pour d\u00e9terminer le passif \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9termin\u00e9es au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif aur<span class=\"_ _1\"></span>ait \u00e9t\u00e9 augment\u00e9 de 92 mille euros. L<span class=\"_ _1\"></span>\u2019analyse de sensibilit\u00e9 ci-des<span class=\"_ _1\"></span>sus est bas\u00e9e sur la variation d\u2019une hypoth\u00e8se alors que t<span class=\"_ _1\"></span>outes les autres h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> demeurent c<span class=\"_ _1\"></span>onstantes. Dans la pr<span class=\"_ _1\"></span>atique, il est peu probable que c<span class=\"_ _1\"></span>ela se produise et les v<span class=\"_ _1\"></span>ariations de certaines des hypoth\u00e8ses peuv<span class=\"_ _1\"></span>ent \u00eatre corr\u00e9l\u00e9es. L<span class=\"_ _1\"></span>ors du calcul de la sensibilit\u00e9 de l'obligation de prestations d\u00e9finies aux hypoth\u00e8ses actuarielles significativ<span class=\"_ _1\"></span>es, la m\u00eame m\u00e9thode (valeur actualis\u00e9e de l'obligation de pr<span class=\"_ _1\"></span>estations d\u00e9finies calcul\u00e9e selon la m\u00e9thode des unit\u00e9s de cr\u00e9dit projet\u00e9es \u00e0 la fin de la p\u00e9riode de r<span class=\"_ _1\"></span>eporting) a \u00e9t\u00e9 appliqu\u00e9e que<span class=\"_ _8\"></span> pour le calcul du passif au titr<span class=\"_ _1\"></span>e des avantages du personnel c<span class=\"_ _1\"></span>omptabilis\u00e9 dans l'\u00e9tat de la situation financi\u00e8re. Les m\u00e9thodes et la formule des h<span class=\"_ _1\"></span>ypoth\u00e8ses utilis\u00e9es pour l\u2019analyse d\u00e9finie n\u2019<span class=\"_ _1\"></span>ont pas chang\u00e9 par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019ann\u00e9e pr\u00e9c\u00e9dente. 12. Charges li\u00e9es aux a<span class=\"_ _1\"></span>vantages du personnel  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9rations et char<span class=\"_ _1\"></span>ges du personnel <span class=\"_ _162\"> </span>7<span class=\"_ _8\"></span>1.326 <span class=\"_ _13d\"> </span>58.095 D\u00e9penses de s\u00e9curit\u00e9 sociale <span class=\"_ _16c\"> </span>12.57<span class=\"_ _1\"></span>8 <span class=\"_ _17a\"> </span>9.96<span class=\"_ _1\"></span>7 R\u00e9gime \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies <span class=\"_ _17b\"> </span>942 <span class=\"_ _d5\"> </span>2.<span class=\"_ _1\"></span>130 Autre <span class=\"_ _d2\"> </span>7<span class=\"_ _1\"></span>.527 <span class=\"_ _17a\"> </span>5.538 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Les av<span class=\"_ _1\"></span>antages sociaux des employ\u00e9s ont \u00e9t\u00e9 r\u00e9partis c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Co\u00fbt des v<span class=\"_ _1\"></span>entes <span class=\"_ _17d\"> </span>70<span class=\"_ _1\"></span>.803 <span class=\"_ _b7\"> </span>55.017 Frais de dis<span class=\"_ _1\"></span>tribution <span class=\"_ _17e\"> </span>9.584 <span class=\"_ _11c\"> </span>9.011 Charges administr<span class=\"_ _1\"></span>atives <span class=\"_ _17f\"> </span>9.94<span class=\"_ _1\"></span>7 <span class=\"_ _180\"> </span>9.619 Capitalis\u00e9s sous \u00ab en cours de cons<span class=\"_ _1\"></span>truction \u00bb <span class=\"_ _181\"> </span>2.039 <span class=\"_ _145\"> </span>2.083 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Le nombr<span class=\"_ _1\"></span>e d\u2019emplo<span class=\"_ _1\"></span>y\u00e9s du Groupe, ainsi que leur pr<span class=\"_ _1\"></span>ofil et genre<span class=\"_ _1\"></span>, est pr\u00e9sent\u00e9 dans les tableaux suivants :  <span class=\"_ _100\"> </span>2022 2021 Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _182\"> </span>2.691 <span class=\"_ _17a\"> </span>2.285 <span class=\"_ _183\"> </span>18 - 30 <span class=\"_ _184\"> </span>30-50 <span class=\"_ _101\"> </span>51+ <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal Homme <span class=\"_ _185\"> </span>334 <span class=\"_ _bb\"> </span>1.436 <span class=\"_ _e9\"> </span>588 <span class=\"_ _17a\"> </span><span class=\"ff18\">2.358</span> Femme <span class=\"_ _4b\"> </span>61 <span class=\"_ _b7\"> </span>202 <span class=\"_ _186\"> </span>70 <span class=\"_ _df\"> </span><span class=\"ff18\">333</span> T<span class=\"_ _0\"></span>otal <span class=\"_ _187\"> </span>395 <span class=\"_ _cd\"> </span>1.638 <span class=\"_ _e9\"> </span>658 <span class=\"_ _13f\"> </span>2.691 <span class=\"_ _51\"> </span>Employ\u00e9s <span class=\"_ _188\"> </span>Ouvriers  <span class=\"_ _3e\"> </span>Management <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _8\"></span>  Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _189\"> </span>548 <span class=\"_ _c3\"> </span>1.973 <span class=\"_ _b7\"> </span>170 <span class=\"_ _13f\"> </span><span class=\"ff18\">2.691</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-170-3": {
   "value": "11. A<span class=\"_ _0\"></span>vantages du personnel  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Passif net au titr<span class=\"_ _1\"></span>e des prestations d\u00e9finies  <span class=\"_ _15c\"> </span> <span class=\"_ _dc\"> </span>2.891 <span class=\"_ _df\"> </span>2.922 Dettes au titr<span class=\"_ _1\"></span>e des cotisations de s\u00e9curit\u00e9 sociale <span class=\"_ _135\"> </span>27 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 T<span class=\"_ _0\"></span>otal des avantages du personnel <span class=\"_ _15d\"> </span> <span class=\"_ _d5\"> </span>6.382 <span class=\"_ _137\"> </span>5.288  Non courant <span class=\"_ _15e\"> </span> <span class=\"_ _15f\"> </span>2.8<span class=\"_ _1\"></span>91 <span class=\"_ _12a\"> </span>2.922 Courant <span class=\"_ _105\"> </span> <span class=\"_ _11d\"> </span>3.491 <span class=\"_ _df\"> </span>2.366 Pour de plus amples informations sur les char<span class=\"_ _1\"></span>ges li\u00e9es aux av<span class=\"_ _1\"></span>antages du personnel, veuillez-<span class=\"_ _1\"></span>vous r\u00e9f\u00e9r<span class=\"_ _1\"></span>er \u00e0 la note 12.<span class=\"_ _8\"></span> A. R\u00e9gimes d\u2019a<span class=\"_ _1\"></span>vantages post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploi Les r\u00e9gimes post\u00e9rieurs \u00e0 l\u2019<span class=\"_ _1\"></span>emploi sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> R\u00e9gime \u00e0 cotisations d\u00e9finies T<span class=\"_ _0\"></span>ous les salari\u00e9s des filiales de la Soci\u00e9t\u00e9 sont couv<span class=\"_ _1\"></span>erts pour leur retr<span class=\"_ _1\"></span>aite principale par les organismes d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> sociale respectifs, dans le r<span class=\"_ _1\"></span>espect de la l\u00e9gislation locale. D\u00e8s que les cotisations ont \u00e9t\u00e9 v<span class=\"_ _1\"></span>ers\u00e9es, les filiales de la Soci\u00e9t\u00e9 n\u2019assument plus aucune autr<span class=\"_ _1\"></span>e obligation de paiement. Les cotisa<span class=\"_ _1\"></span>tions habituelles constituent des co\u00fbts p\u00e9riodiques nets pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice dur<span class=\"_ _1\"></span>ant lequel elles sont dues et, en tant que telles, r<span class=\"_ _1\"></span>el\u00e8vent des d\u00e9penses inh\u00e9r<span class=\"_ _1\"></span>entes<span class=\"_ _8\"></span> aux av<span class=\"_ _1\"></span>antages du personnel.<span class=\"_ _8\"></span> R\u00e9gime \u00e0 prestations d\u00e9finies Les emplo<span class=\"_ _1\"></span>y\u00e9s des filiales de la Soci\u00e9t\u00e9 en Gr\u00e8ce et en Bulgarie ont droit \u00e0 une somme f<span class=\"_ _1\"></span>orfaitaire lorsqu'ils pr<span class=\"_ _1\"></span>ennent<span class=\"_ _8\"></span> leur retr<span class=\"_ _1\"></span>aite. Cet<span class=\"_ _1\"></span>te somme forfaitair<span class=\"_ _1\"></span>e est d\u00e9termin\u00e9e en tenant c<span class=\"_ _1\"></span>ompte des ann\u00e9es de service et du salair<span class=\"_ _1\"></span>e \u00e0 la date de d\u00e9part en retr<span class=\"_ _1\"></span>aite. Cet<span class=\"_ _1\"></span>te obligation r\u00e9pond \u00e0 la d\u00e9finition des r\u00e9gimes \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies et les prestations accumul\u00e9es sont imput\u00e9es au compt<span class=\"_ _1\"></span>e de r\u00e9sultat de chaque p\u00e9riode av<span class=\"_ _1\"></span>ec une augmentation correspondant<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> de l'obligation de retr<span class=\"_ _1\"></span>aite. L<span class=\"_ _1\"></span>es avantages v<span class=\"_ _1\"></span>ers\u00e9s aux retr<span class=\"_ _1\"></span>ait\u00e9s au cours de chaque p\u00e9riode sont comptabilis\u00e9s en contr<span class=\"_ _1\"></span>epartie de ce passif<span class=\"_ _1\"></span>. Ces r\u00e9gimes ne sont pas financ\u00e9s. B. V<span class=\"_ _1\"></span>ariation du passif net des pr<span class=\"_ _1\"></span>estations d\u00e9finies Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre le solde d\u2019<span class=\"_ _1\"></span>ouv<span class=\"_ _1\"></span>erture et le solde de cl\u00f4ture du pas<span class=\"_ _1\"></span>sif net des<span class=\"_ _8\"></span> pres<span class=\"_ _1\"></span>tations d\u00e9finies et de ses composantes.  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _160\"> </span>2.922 <span class=\"_ _145\"> </span>2.558 Montants inclus dans le b\u00e9n\u00e9fice ou la perte <span class=\"_ _10c\"> </span>   Co\u00fbt des services r<span class=\"_ _1\"></span>endus au cours de la p\u00e9riode <span class=\"_ _161\"> </span>435 <span class=\"_ _121\"> </span>341 Co\u00fbt des services pass\u00e9s <span class=\"_ _ad\"> </span>59 <span class=\"_ _f8\"> </span>52 Liquidation/<span class=\"_ _1\"></span>r\u00e9duction/<span class=\"_ _1\"></span>perte sur r\u00e9siliation <span class=\"_ _162\"> </span>443 <span class=\"_ _d5\"> </span>1.<span class=\"_ _1\"></span>730 Charges d'int\u00e9r\u00eats <span class=\"_ _163\"> </span>6 <span class=\"_ _164\"> </span>7 <span class=\"_ _165\"> </span>942 2,<span class=\"_ _1\"></span>130 Inclus dans les autres \u00e9l\u00e9ments du r\u00e9sultat global Perte/(<span class=\"_ _1\"></span>gain) li\u00e9s \u00e0 la r\u00e9\u00e9valuation <span class=\"_ _166\"> </span>  <span class=\"_ _167\"> </span>  Perte/(<span class=\"_ _1\"></span>gain) actuarielle li\u00e9e aux : <span class=\"_ _168\"> </span>  <span class=\"_ _167\"> </span>  - hypoth\u00e8ses d\u00e9mogr<span class=\"_ _1\"></span>aphiques <span class=\"_ _169\"> </span>- <span class=\"_ _d3\"> </span>18 - hypoth\u00e8ses financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _16a\"> </span>(550) <span class=\"_ _16b\"> </span>238 - ajustements li\u00e9s \u00e0 l'e<span class=\"_ _1\"></span>xp\u00e9rience <span class=\"_ _16c\"> </span>126 <span class=\"_ _f8\"> </span>23 <span class=\"_ _16d\"> </span>(423) 279 Autres mouv<span class=\"_ _1\"></span>ements <span class=\"_ _16e\"> </span>  Contributions pay\u00e9es <span class=\"_ _16d\"> </span>(550) <span class=\"_ _c3\"> </span>(2.045) Solde au 31 d\u00e9cembre <span class=\"_ _16f\"> </span>2.891 <span class=\"_ _145\"> </span>2.922Au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont fourni 550 milliers d'eur<span class=\"_ _1\"></span>os de versements de contributions aux emplo<span class=\"_ _1\"></span>y\u00e9s qui ont quitt\u00e9 le Groupe au c<span class=\"_ _1\"></span>ours de l'ex<span class=\"_ _1\"></span>ercice. Un c<span class=\"_ _1\"></span>o\u00fbt suppl\u00e9mentaire r\u00e9sultant de ces paiements (perte sur liquidation/<span class=\"_ _1\"></span>r\u00e9duction/<span class=\"_ _1\"></span>r\u00e9siliation de 443 milliers d'eur<span class=\"_ _1\"></span>os) a \u00e9t\u00e9 comptabilis\u00e9. Plus pr\u00e9cis\u00e9ment, dans les cas de licenciement, de d\u00e9part v<span class=\"_ _1\"></span>olontaire a<span class=\"_ _1\"></span>vec indemnit\u00e9s et de d\u00e9part en retr<span class=\"_ _1\"></span>aite, les fr<span class=\"_ _1\"></span>ais suppl\u00e9mentaires repr\u00e9sent<span class=\"_ _1\"></span>ent la diff\u00e9rence entr<span class=\"_ _1\"></span>e les contributions v<span class=\"_ _1\"></span>ers\u00e9es et le montant comptabilis\u00e9 dans le passif au titre des r\u00e9gimes de retr<span class=\"_ _1\"></span>aite \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9finies des employ\u00e9s c<span class=\"_ _1\"></span>oncern\u00e9s.<span class=\"_ _8\"></span> L'augmentation des pres<span class=\"_ _1\"></span>tations vers\u00e9es et la pert<span class=\"_ _1\"></span>e de r\u00e8glement/r\u00e9duction/<span class=\"_ _0\"></span>cessation d'emploi au c<span class=\"_ _1\"></span>ours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent sont attribu\u00e9es aux initiatives d'optimisa<span class=\"_ _1\"></span>tion des co\u00fbts dans le segment T<span class=\"_ _0\"></span>ubes d\u2019acier conclues au cours du pr<span class=\"_ _1\"></span>emier trimestre de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice pr\u00e9c\u00e9dent. C. Obligation au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies<span class=\"_ _8\"></span> a) Hypoth\u00e8ses actuarielles Les principales hypoth\u00e8ses actuarielles en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture \u00e9taient les suiv<span class=\"_ _1\"></span>antes (en mo<span class=\"_ _1\"></span>yenne pond\u00e9r\u00e9e) : <span class=\"_ _100\"> </span>2022 2021 T<span class=\"_ _0\"></span>aux d'actualisation <span class=\"_ _102\"> </span>3,66 % <span class=\"_ _170\"> </span>0,21 % Inflation <span class=\"_ _171\"> </span>2,80 % <span class=\"_ _170\"> </span>2,10 % Croissanc<span class=\"_ _1\"></span>e salariale <span class=\"_ _172\"> </span>3,05 % <span class=\"_ _db\"> </span>2,95 % Dur\u00e9e du r\u00e9gime (e<span class=\"_ _1\"></span>xprim\u00e9e en ann\u00e9es) <span class=\"_ _173\"> </span>5,41 <span class=\"_ _132\"> </span>6,26Les hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant la mortalit\u00e9 future ont \u00e9t\u00e9 bas\u00e9es sur les s<span class=\"_ _1\"></span>tatistiques publi\u00e9es et les tableaux de<span class=\"_ _8\"></span> mortalit\u00e9. b) Analy<span class=\"_ _1\"></span>se de l\u2019\u00e9ch\u00e9ance att<span class=\"_ _1\"></span>endue<span class=\"_ _8\"></span> La ventila<span class=\"_ _1\"></span>tion de l\u2019es<span class=\"_ _1\"></span>timation des flux de tr\u00e9sorerie des pres<span class=\"_ _1\"></span>tations non actualis\u00e9es pour les ann\u00e9es \u00e0 venir pour le passif des pr<span class=\"_ _1\"></span>estations d\u00e9finies du Groupe est la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Jusqu'\u00e0 1 an <span class=\"_ _174\"> </span>509 <span class=\"_ _137\"> </span>360 Entre 1 et 2 ans <span class=\"_ _ba\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _117\"> </span>155 Entre 2 et 5 ans <span class=\"_ _175\"> </span>752 <span class=\"_ _e2\"> </span>626 Plus de 5 ans <span class=\"_ _176\"> </span>2.<span class=\"_ _1\"></span>130 <span class=\"_ _b6\"> </span>1.823 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>3.566 <span class=\"_ _141\"> </span>2.964c) Analy<span class=\"_ _1\"></span>se de sensibilit\u00e9<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019analyse de sensibilit\u00e9 pour chaque h<span class=\"_ _1\"></span>ypoth\u00e8se actuarielle importante qui pouvait \u00eatr<span class=\"_ _1\"></span>e raisonnablement \u00e9mise \u00e0 la fin de la p\u00e9riode consid\u00e9r\u00e9e et qui montr<span class=\"_ _1\"></span>e comment l\u2019<span class=\"_ _1\"></span>obligation au titre des pr<span class=\"_ _1\"></span>estations d\u00e9finies aurait pu \u00eatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> affect\u00e9e par les v<span class=\"_ _1\"></span>ariations suivantes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _177\"> </span>Augmentation <span class=\"_ _41\"> </span>Diminution T<span class=\"_ _0\"></span>aux d'actualisation (mouvement de 0<span class=\"_ _1\"></span>,5 %) <span class=\"_ _178\"> </span>(77) <span class=\"_ _135\"> </span>77 Croissanc<span class=\"_ _1\"></span>e salariale (mouvement de 0,5 %) <span class=\"_ _179\"> </span>75 <span class=\"_ _147\"> </span>(80)Si des taux de retr<span class=\"_ _1\"></span>ait nuls \u00e9taient utilis\u00e9s pour d\u00e9terminer le passif \u00e0 pr<span class=\"_ _1\"></span>estations d\u00e9termin\u00e9es au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif aur<span class=\"_ _1\"></span>ait \u00e9t\u00e9 augment\u00e9 de 92 mille euros. L<span class=\"_ _1\"></span>\u2019analyse de sensibilit\u00e9 ci-des<span class=\"_ _1\"></span>sus est bas\u00e9e sur la variation d\u2019une hypoth\u00e8se alors que t<span class=\"_ _1\"></span>outes les autres h<span class=\"_ _1\"></span>ypoth\u00e8ses<span class=\"_ _8\"></span> demeurent c<span class=\"_ _1\"></span>onstantes. Dans la pr<span class=\"_ _1\"></span>atique, il est peu probable que c<span class=\"_ _1\"></span>ela se produise et les v<span class=\"_ _1\"></span>ariations de certaines des hypoth\u00e8ses peuv<span class=\"_ _1\"></span>ent \u00eatre corr\u00e9l\u00e9es. L<span class=\"_ _1\"></span>ors du calcul de la sensibilit\u00e9 de l'obligation de prestations d\u00e9finies aux hypoth\u00e8ses actuarielles significativ<span class=\"_ _1\"></span>es, la m\u00eame m\u00e9thode (valeur actualis\u00e9e de l'obligation de pr<span class=\"_ _1\"></span>estations d\u00e9finies calcul\u00e9e selon la m\u00e9thode des unit\u00e9s de cr\u00e9dit projet\u00e9es \u00e0 la fin de la p\u00e9riode de r<span class=\"_ _1\"></span>eporting) a \u00e9t\u00e9 appliqu\u00e9e que<span class=\"_ _8\"></span> pour le calcul du passif au titr<span class=\"_ _1\"></span>e des avantages du personnel c<span class=\"_ _1\"></span>omptabilis\u00e9 dans l'\u00e9tat de la situation financi\u00e8re. Les m\u00e9thodes et la formule des h<span class=\"_ _1\"></span>ypoth\u00e8ses utilis\u00e9es pour l\u2019analyse d\u00e9finie n\u2019<span class=\"_ _1\"></span>ont pas chang\u00e9 par r<span class=\"_ _1\"></span>apport \u00e0 l\u2019ann\u00e9e pr\u00e9c\u00e9dente. 12. Charges li\u00e9es aux a<span class=\"_ _1\"></span>vantages du personnel  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9rations et char<span class=\"_ _1\"></span>ges du personnel <span class=\"_ _162\"> </span>7<span class=\"_ _8\"></span>1.326 <span class=\"_ _13d\"> </span>58.095 D\u00e9penses de s\u00e9curit\u00e9 sociale <span class=\"_ _16c\"> </span>12.57<span class=\"_ _1\"></span>8 <span class=\"_ _17a\"> </span>9.96<span class=\"_ _1\"></span>7 R\u00e9gime \u00e0 presta<span class=\"_ _1\"></span>tions d\u00e9finies <span class=\"_ _17b\"> </span>942 <span class=\"_ _d5\"> </span>2.<span class=\"_ _1\"></span>130 Autre <span class=\"_ _d2\"> </span>7<span class=\"_ _1\"></span>.527 <span class=\"_ _17a\"> </span>5.538 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Les av<span class=\"_ _1\"></span>antages sociaux des employ\u00e9s ont \u00e9t\u00e9 r\u00e9partis c<span class=\"_ _1\"></span>omme suit :<span class=\"_ _8\"></span>  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Co\u00fbt des v<span class=\"_ _1\"></span>entes <span class=\"_ _17d\"> </span>70<span class=\"_ _1\"></span>.803 <span class=\"_ _b7\"> </span>55.017 Frais de dis<span class=\"_ _1\"></span>tribution <span class=\"_ _17e\"> </span>9.584 <span class=\"_ _11c\"> </span>9.011 Charges administr<span class=\"_ _1\"></span>atives <span class=\"_ _17f\"> </span>9.94<span class=\"_ _1\"></span>7 <span class=\"_ _180\"> </span>9.619 Capitalis\u00e9s sous \u00ab en cours de cons<span class=\"_ _1\"></span>truction \u00bb <span class=\"_ _181\"> </span>2.039 <span class=\"_ _145\"> </span>2.083 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>92.37<span class=\"_ _1\"></span>3 <span class=\"_ _c0\"> </span>75.7<span class=\"_ _1\"></span>30Le nombr<span class=\"_ _1\"></span>e d\u2019emplo<span class=\"_ _1\"></span>y\u00e9s du Groupe, ainsi que leur pr<span class=\"_ _1\"></span>ofil et genre<span class=\"_ _1\"></span>, est pr\u00e9sent\u00e9 dans les tableaux suivants :  <span class=\"_ _100\"> </span>2022 2021 Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _182\"> </span>2.691 <span class=\"_ _17a\"> </span>2.285 <span class=\"_ _183\"> </span>18 - 30 <span class=\"_ _184\"> </span>30-50 <span class=\"_ _101\"> </span>51+ <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal Homme <span class=\"_ _185\"> </span>334 <span class=\"_ _bb\"> </span>1.436 <span class=\"_ _e9\"> </span>588 <span class=\"_ _17a\"> </span><span class=\"ff18\">2.358</span> Femme <span class=\"_ _4b\"> </span>61 <span class=\"_ _b7\"> </span>202 <span class=\"_ _186\"> </span>70 <span class=\"_ _df\"> </span><span class=\"ff18\">333</span> T<span class=\"_ _0\"></span>otal <span class=\"_ _187\"> </span>395 <span class=\"_ _cd\"> </span>1.638 <span class=\"_ _e9\"> </span>658 <span class=\"_ _13f\"> </span>2.691 <span class=\"_ _51\"> </span>Employ\u00e9s <span class=\"_ _188\"> </span>Ouvriers  <span class=\"_ _3e\"> </span>Management <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _8\"></span>  Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _189\"> </span>548 <span class=\"_ _c3\"> </span>1.973 <span class=\"_ _b7\"> </span>170 <span class=\"_ _13f\"> </span><span class=\"ff18\">2.691</span>29. Pro<span class=\"_ _1\"></span>visions  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Solde au 1 janvier <span class=\"_ _142\"> </span> <span class=\"_ _d7\"> </span>13.410 <span class=\"_ _122\"> </span>- Frais pour l'ann\u00e9e <span class=\"_ _234\"> </span>8.B <span class=\"_ _121\"> </span>665 <span class=\"_ _116\"> </span>12.842 Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _245\"> </span> <span class=\"_ _124\"> </span>821 <span class=\"_ _119\"> </span>568 Solde au 31 d\u00e9cembre  <span class=\"_ _244\"> </span> <span class=\"_ _12e\"> </span>14.897 <span class=\"_ _116\"> </span>13.4<span class=\"_ _1\"></span>10En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) pour l'ann\u00e9e 2021. La char<span class=\"_ _1\"></span>ge pour 2022 se r<span class=\"_ _1\"></span>apporte aux int\u00e9r\u00eats imput\u00e9s<span class=\"_ _8\"></span> sur le montant res<span class=\"_ _1\"></span>tant \u00e0 payer pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et est incluse dans la ligne \u00ab Char<span class=\"_ _1\"></span>ges financi\u00e8res \u00bb.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-177-6": {
   "value": "Le nombr<span class=\"_ _1\"></span>e d\u2019emplo<span class=\"_ _1\"></span>y\u00e9s du Groupe, ainsi que leur pr<span class=\"_ _1\"></span>ofil et genre<span class=\"_ _1\"></span>, est pr\u00e9sent\u00e9 dans les tableaux suivants :  <span class=\"_ _100\"> </span>2022 2021 Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _182\"> </span>2.691 <span class=\"_ _17a\"> </span>2.285 <span class=\"_ _183\"> </span>18 - 30 <span class=\"_ _184\"> </span>30-50 <span class=\"_ _101\"> </span>51+ <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal Homme <span class=\"_ _185\"> </span>334 <span class=\"_ _bb\"> </span>1.436 <span class=\"_ _e9\"> </span>588 <span class=\"_ _17a\"> </span><span class=\"ff18\">2.358</span> Femme <span class=\"_ _4b\"> </span>61 <span class=\"_ _b7\"> </span>202 <span class=\"_ _186\"> </span>70 <span class=\"_ _df\"> </span><span class=\"ff18\">333</span> T<span class=\"_ _0\"></span>otal <span class=\"_ _187\"> </span>395 <span class=\"_ _cd\"> </span>1.638 <span class=\"_ _e9\"> </span>658 <span class=\"_ _13f\"> </span>2.691 <span class=\"_ _51\"> </span>Employ\u00e9s <span class=\"_ _188\"> </span>Ouvriers  <span class=\"_ _3e\"> </span>Management <span class=\"_ _b6\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _8\"></span>  Nombre d'emplo<span class=\"_ _1\"></span>y\u00e9s <span class=\"_ _189\"> </span>548 <span class=\"_ _c3\"> </span>1.973 <span class=\"_ _b7\"> </span>170 <span class=\"_ _13f\"> </span><span class=\"ff18\">2.691</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-178-3": {
   "value": "13. Imp\u00f4t sur le r\u00e9sultat A. Montants comptabilis\u00e9s en r\u00e9sultat  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Charge d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _14d\"> </span>(12.820) <span class=\"_ _c3\"> </span>(2.998) Cr\u00e9ation et reprise d'\u00e9carts t<span class=\"_ _1\"></span>emporaires <span class=\"_ _92\"> </span>(1.548) <span class=\"_ _18a\"> </span>(3.879) Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 Comptabilisation de pertes fiscales, de cr\u00e9dits d'imp\u00f4t ou  de diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es <span class=\"_ _18c\"> </span>4.832 <span class=\"_ _117\"> </span>158 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Charge d'imp\u00f4t diff\u00e9r\u00e9  <span class=\"_ _17f\"> </span>3.284 <span class=\"_ _c3\"> </span>(5.436) Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _a0\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) B. Rapprochement du taux d\u2019imp\u00f4t effectif  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _18d\"> </span>69.95<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>30.513 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition de la maison m\u00e8re (2022 et 20<span class=\"_ _1\"></span>21 : 25,0 %) <span class=\"_ _18f\"> </span>(17<span class=\"_ _1\"></span>.489) <span class=\"_ _190\"> </span>(7<span class=\"_ _1\"></span>.628) Incidence des diff\u00e9r<span class=\"_ _1\"></span>ents taux d\u2019imposition des juridictions dans lesquelles le Groupe op\u00e8r<span class=\"_ _1\"></span>e <span class=\"_ _177\"> </span>2.830 <span class=\"_ _df\"> </span>992 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9  (2022 : 21,0% et 20<span class=\"_ _1\"></span>21 : 21,7 %) <span class=\"_ _191\"> </span>(14.659) <span class=\"_ _192\"> </span>(6.636) Ajust\u00e9 pour : <span class=\"_ _da\"> </span>  <span class=\"_ _167\"> </span>  D\u00e9penses non admises au niveau fiscal <span class=\"_ _193\"> </span>(1.329) <span class=\"_ _135\"> </span>(1.390) R\u00e9sultat ex<span class=\"_ _1\"></span>on\u00e9r\u00e9 <span class=\"_ _194\"> </span>1.496 <span class=\"_ _133\"> </span>941 Comptabilisation de pertes fiscales, de cr\u00e9dits d\u2019imp\u00f4t ou de  diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es  <span class=\"_ _195\"> </span>4.923 <span class=\"_ _117\"> </span>158 Perte pour laquelle aucune tax<span class=\"_ _1\"></span>e diff\u00e9r\u00e9e n\u2019es<span class=\"_ _1\"></span>t comptabilis\u00e9e <span class=\"_ _196\"> </span>(424) <span class=\"_ _128\"> </span>(501) Comptabilisation des r\u00e9serv<span class=\"_ _1\"></span>es ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es d\u2019imp\u00f4t <span class=\"_ _8f\"> </span>-  <span class=\"_ _116\"> </span>660 Incitations fiscales suppl\u00e9mentaires en R&amp;D<span class=\"_ _1\"></span>. <span class=\"_ _197\"> </span>1.4<span class=\"_ _1\"></span>76 <span class=\"_ _198\"> </span>640 Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Imp\u00f4t d\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice ant\u00e9rieur <span class=\"_ _166\"> </span>(1.020) <span class=\"_ _d7\"> </span>(590) Charge d\u2019imp\u00f4t comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat <span class=\"_ _199\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) T<span class=\"_ _0\"></span>aux d\u2019imposition effectif <span class=\"_ _19a\"> </span>(13,6 %) <span class=\"_ _d0\"> </span>(27<span class=\"_ _1\"></span>,6 %)Le taux d\u2019imposition des soci\u00e9t\u00e9s en Belgique est de 25 % selon la l\u00e9gislation fiscale en vigueur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Le b\u00e9n\u00e9fice imposable de chaque filiale es<span class=\"_ _1\"></span>t impos\u00e9 au taux d\u2019imposition applicable dans le pays o\u00f9 la filiale est domicili\u00e9e. Selon la loi grec<span class=\"_ _1\"></span>que 47<span class=\"_ _1\"></span>99/2021, pr<span class=\"_ _1\"></span>omulgu\u00e9e en mai 2021, le taux d\u2019imposition des personnes mor<span class=\"_ _1\"></span>ales en Gr\u00e8ce, o\u00f9 la plupart des filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont situ\u00e9es, est fix\u00e9 \u00e0 22% pour l\u2019ann\u00e9e fiscale 2021 et les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le taux d\u2019imposition des personnes morales en Roumanie es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 16% et aux Etats-Unis, le taux f\u00e9d\u00e9ral d\u2019imposition des personnes morales es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 21%.Le taux d'imposition effectif du Gr<span class=\"_ _1\"></span>oupe a \u00e9t\u00e9 influenc\u00e9 par la comptabilisation de l'actif d'imp\u00f4t diff\u00e9r\u00e9 non comptabilis\u00e9 pr\u00e9c\u00e9demment sur les pertes d'imp\u00f4t r<span class=\"_ _1\"></span>eport\u00e9es des ann\u00e9es pr\u00e9c\u00e9dentes, vu que l'\u00e9v<span class=\"_ _1\"></span>aluation actuelle<span class=\"_ _8\"></span> concernant la r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>abilit\u00e9 des pertes fiscales disponibles pour compenser le r\u00e9sultat imposable futur du segment T<span class=\"_ _0\"></span>ubes d'acier a conduit \u00e0 la comptabilisation d'un actif d'imp\u00f4t diff\u00e9r\u00e9 de 4,6 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Sur la base de la l\u00e9gislation fiscale grec<span class=\"_ _1\"></span>que en vigueur<span class=\"_ _1\"></span>, les d\u00e9penses de recher<span class=\"_ _1\"></span>che et d\u00e9veloppement (R&amp;D<span class=\"_ _1\"></span>), y<span class=\"_ _8\"></span> compris les char<span class=\"_ _1\"></span>ges d'amortissement fiscal des \u00e9quipements et instruments utilis\u00e9s dans les activit\u00e9s de R&amp;D<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> peuvent \u00eatr<span class=\"_ _1\"></span>e d\u00e9duites du r\u00e9sultat brut d'une soci\u00e9t\u00e9 dont les taux de d\u00e9duction sont plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s. Plus pr\u00e9cis\u00e9ment,<span class=\"_ _8\"></span> les d\u00e9penses de R&amp;D en Gr\u00e8ce peuv<span class=\"_ _1\"></span>ent \u00eatre d\u00e9duites du r\u00e9sulta<span class=\"_ _1\"></span>t brut lorsqu'elles sont encourues \u00e0 un taux de 200 %<span class=\"_ _8\"></span> \u00e0 partir du 1 septembr<span class=\"_ _1\"></span>e 2020. Les filiales de C<span class=\"_ _1\"></span>energy Holdings en Gr\u00e8ce utilisent les dispositions fiscales ci-dessus et l'estimation de l'a<span class=\"_ _1\"></span>vantage fiscal corr<span class=\"_ _1\"></span>espondant est pr\u00e9sent\u00e9e dans la ligne \u00ab incitations fiscales suppl\u00e9mentaires en R&amp;D \u00bb du tableau ci-dessus. C. V<span class=\"_ _1\"></span>ariation des soldes d\u2019imp\u00f4ts diff\u00e9r\u00e9s Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont les suivantes :2022 <span class=\"_ _19b\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _19f\"> </span>(34.227) <span class=\"_ _69\"> </span>(3.422) <span class=\"_ _27\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _f6\"> </span>(37<span class=\"_ _1\"></span>.648)<span class=\"ff19 ws81\"> <span class=\"_ _90\"> </span>4 (37<span class=\"_ _0\"></span>.652)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _ab\"> </span>(10) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _46\"> </span><span class=\"ff18\">(5)</span><span class=\"ws82\"> <span class=\"_ _3\"> </span>9 (15)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _5c\"> </span>(1.922) <span class=\"_ _108\"> </span>(126) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _6e\"> </span><span class=\"ff18\">(2.048)</span><span class=\"ws83\"> <span class=\"_ _fc\"> </span>103 (2.150)</span> Inv<span class=\"_ _1\"></span>estissement en immobilier <span class=\"_ _13d\"> </span>71 <span class=\"_ _89\"> </span>- <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _f0\"> </span>79 <span class=\"_ _5e\"> </span>21 <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _41\"> </span><span class=\"ff18\">100</span><span class=\"ws86\"> 100 <span class=\"_ _91\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _147\"> </span>(13.064) <span class=\"_ _88\"> </span>(5.485) <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _69\"> </span>(18.54<span class=\"_ _1\"></span>9)<span class=\"ff19\"> <span class=\"_ _19e\"> </span>-  <span class=\"_ _ac\"> </span>(18.549)</span> Instruments d\u00e9riv\u00e9s <span class=\"_ _1a0\"> </span>462 <span class=\"_ _35\"> </span>(1.060) <span class=\"_ _68\"> </span>(684) <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _a3\"> </span><span class=\"ff18\">(1.282)</span><span class=\"ws87\"> <span class=\"_ _1a1\"> </span>29 (1.310)</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _1a2\"> </span>(1.311) <span class=\"_ _56\"> </span>541 <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span><span class=\"ff18\">(770)</span><span class=\"ws88\"> <span class=\"_ _3b\"> </span>172 (941)</span> A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _137\"> </span>668 <span class=\"_ _93\"> </span>87 <span class=\"_ _55\"> </span>(94) <span class=\"_ _18f\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _1a3\"> </span>- <span class=\"_ _10e\"> </span><span class=\"ff18\">660</span> 660 <span class=\"_ _28\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1a4\"> </span>3.056 <span class=\"_ _a3\"> </span>(644) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a5\"> </span>183 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _67\"> </span><span class=\"ff18\">2.594</span> 2.594 <span class=\"_ _6e\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1a6\"> </span>(637) <span class=\"_ _a4\"> </span>555 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _71\"> </span>(18) <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _21\"> </span><span class=\"ff18\">(100)</span><span class=\"ls55 ws8b\"> <span class=\"_ _25\"> </span>5<span class=\"_ _8\"></span>92 (692)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _132\"> </span>405 <span class=\"_ _86\"> </span>11.<span class=\"_ _1\"></span>163 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5d\"> </span>3 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.570</span> 11.5<span class=\"_ _1\"></span>70 <span class=\"_ _ef\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _186\"> </span>11.266 <span class=\"_ _67\"> </span>1.664 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _68\"> </span><span class=\"ff18\">12.930</span><span class=\"ws8d\"> 12.930 <span class=\"_ _a3\"> </span>-</span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t avant </span> compensation <span class=\"_ _1a7\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _a6\"> </span>28.834 <span class=\"_ _a8\"> </span>(61.309) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span> <span class=\"_ _99\"> </span> <span class=\"_ _1a9\"> </span>  <span class=\"_ _4d\"> </span>(25.991) <span class=\"_ _68\"> </span>25.991 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _3d\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _53\"> </span>2.843 <span class=\"_ _a6\"> </span>(35.318)Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent \u00e9taient les suivantes : 2021 <span class=\"_ _1aa\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _10\"> </span>(33.391) <span class=\"_ _35\"> </span>(3.792) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _68\"> </span>2.954 <span class=\"_ _5b\"> </span>-  <span class=\"_ _85\"> </span><span class=\"ff18\">(34.227)</span><span class=\"ws8e\"> <span class=\"_ _9f\"> </span>4 (34.230)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _64\"> </span>1 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>-  <span class=\"_ _34\"> </span>(1) <span class=\"_ _5b\"> </span>-  <span class=\"_ _89\"> </span><span class=\"ff18\">4</span><span class=\"ws8f\"> <span class=\"_ _2\"> </span>9 (5)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _1a9\"> </span>(1.934) <span class=\"_ _108\"> </span>(162) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>- <span class=\"_ _a4\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _5b\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.922)</span><span class=\"ws83\"> <span class=\"_ _2a\"> </span>229 (2.150)</span> Propri\u00e9t\u00e9 d'in<span class=\"_ _1\"></span>vestissement <span class=\"_ _132\"> </span>71 <span class=\"_ _89\"> </span>-  <span class=\"_ _19e\"> </span>- <span class=\"_ _18f\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _1ab\"> </span>73 <span class=\"_ _5e\"> </span>12 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _44\"> </span>(6) <span class=\"_ _5b\"> </span>-  <span class=\"_ _5e\"> </span>79<span class=\"ff19 ws90\"> 79<span class=\"_ _8\"></span> <span class=\"_ _1a1\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _1ac\"> </span>(11.423) <span class=\"_ _35\"> </span>(2.523) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>- <span class=\"_ _a4\"> </span>881 <span class=\"_ _5b\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(13.064)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _a9\"> </span>(13.064) Instruments d\u00e9riv\u00e9s <span class=\"_ _1ae\"> </span>466 <span class=\"_ _41\"> </span>48 <span class=\"_ _1a5\"> </span>12 <span class=\"_ _18f\"> </span>-  <span class=\"_ _93\"> </span>5 <span class=\"_ _43\"> </span>(70) <span class=\"_ _71\"> </span><span class=\"ff18\">462</span> 462 <span class=\"_ _29\"> </span>-  Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _3d\"> </span>(1.968) <span class=\"_ _ab\"> </span>505 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _9b\"> </span>152 <span class=\"_ _5b\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.311)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _68\"> </span>(1.311) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _1af\"> </span>610 <span class=\"_ _41\"> </span>64 <span class=\"_ _9d\"> </span>(148) <span class=\"_ _18f\"> </span>- <span class=\"_ _1b0\"> </span>(49) <span class=\"_ _19e\"> </span>191 <span class=\"_ _1b1\"> </span><span class=\"ff18\">668</span> 668 <span class=\"_ _29\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1b2\"> </span>313 <span class=\"_ _f4\"> </span>2.777 <span class=\"_ _27\"> </span>- <span class=\"_ _1b3\"> </span>(4) <span class=\"_ _108\"> </span>(30) <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span>3.<span class=\"_ _1\"></span>056 3.056 <span class=\"_ _8d\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1b4\"> </span>(37<span class=\"_ _1\"></span>5) <span class=\"_ _62\"> </span>(262) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1b1\"> </span>(12) <span class=\"_ _1b5\"> </span>13 <span class=\"_ _1a8\"> </span> -  <span class=\"_ _21\"> </span><span class=\"ff18\">(637)</span><span class=\"ws93\"> <span class=\"_ _2\"> </span>298 (935)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _141\"> </span>5.265 <span class=\"_ _f6\"> </span>(4.599) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _80\"> </span>(263) <span class=\"_ _5b\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff18\">405</span> 405 <span class=\"_ _28\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _170\"> </span>12.603 <span class=\"_ _62\"> </span>(295) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5e\"> </span>(2) <span class=\"_ _8b\"> </span>(1.040) <span class=\"_ _5b\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.266</span><span class=\"ws95\"> 11.266 <span class=\"_\"> </span>- </span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t </span> av<span class=\"_ _1\"></span>ant compensation <span class=\"_ _13f\"> </span>(29.684) <span class=\"_ _88\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _f6\"> </span>16.547 <span class=\"_ _85\"> </span>(51.695) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _6c\"> </span>(13.314) <span class=\"_ _a3\"> </span>13.314 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _64\"> </span>(29.684) <span class=\"_ _f6\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _8d\"> </span>3.233 <span class=\"_ _91\"> </span>(38.382)Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le cumul des pertes fiscales r<span class=\"_ _1\"></span>eportables disponibles pour utilisation future s'\u00e9le<span class=\"_ _1\"></span>vait \u00e0 61,3 millions d'euros. L<span class=\"_ _1\"></span>es soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 5<span class=\"_ _1\"></span>2,6 millions<span class=\"_ _8\"></span> d'euros sur les pert<span class=\"_ _1\"></span>es fiscales parce que la dir<span class=\"_ _1\"></span>ection estimait probable que de futurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables seraient disponibles pour lesquels de telles pertes fiscales pourr<span class=\"_ _1\"></span>aient \u00eatre utilis\u00e9es au c<span class=\"_ _1\"></span>ours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7<span class=\"_ _0\"></span>,9 millions d'euros conc<span class=\"_ _1\"></span>erne le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, tandis que le montant corr<span class=\"_ _1\"></span>espondant pour le segment C\u00e2bles est de 3,7 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Selon les estimations de la dir<span class=\"_ _1\"></span>ection concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisa<span class=\"_ _1\"></span>tion des pertes<span class=\"_ _8\"></span> fiscales conform\u00e9ment \u00e0 la l\u00e9gisla<span class=\"_ _1\"></span>tion fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s<span class=\"_ _8\"></span> comme pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es pour un montant de 8,7 millions d\u2019<span class=\"_ _1\"></span>euros e<span class=\"_ _1\"></span>xpirant au c<span class=\"_ _1\"></span>ours de la p\u00e9riode allant de<span class=\"_ _8\"></span> 2023 \u00e0 202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. Ces pert<span class=\"_ _1\"></span>es fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En vertu des dispositions des articles 4<span class=\"_ _1\"></span>9 et 72 de la loi grec<span class=\"_ _1\"></span>que 4172/20<span class=\"_ _1\"></span>13 relativ<span class=\"_ _1\"></span>e \u00e0 la sous-capitalisation, les<span class=\"_ _8\"></span> int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITD<span class=\"_ _1\"></span>A et si tout ex<span class=\"_ _1\"></span>c\u00e9dent peut \u00eatre aff<span class=\"_ _1\"></span>ect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires r<span class=\"_ _1\"></span>elatives \u00e0 la sous-capitalisa<span class=\"_ _1\"></span>tion s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITD<span class=\"_ _1\"></span>A. Les fr<span class=\"_ _1\"></span>ais d'int\u00e9r\u00eats nets ex<span class=\"_ _1\"></span>c\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuv<span class=\"_ _1\"></span>ent \u00eatre r<span class=\"_ _1\"></span>eport\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,<span class=\"_ _1\"></span>7 millions d\u2019eur<span class=\"_ _1\"></span>os. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-178-4": {
   "value": "13. Imp\u00f4t sur le r\u00e9sultat A. Montants comptabilis\u00e9s en r\u00e9sultat  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Charge d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _14d\"> </span>(12.820) <span class=\"_ _c3\"> </span>(2.998) Cr\u00e9ation et reprise d'\u00e9carts t<span class=\"_ _1\"></span>emporaires <span class=\"_ _92\"> </span>(1.548) <span class=\"_ _18a\"> </span>(3.879) Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 Comptabilisation de pertes fiscales, de cr\u00e9dits d'imp\u00f4t ou  de diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es <span class=\"_ _18c\"> </span>4.832 <span class=\"_ _117\"> </span>158 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Charge d'imp\u00f4t diff\u00e9r\u00e9  <span class=\"_ _17f\"> </span>3.284 <span class=\"_ _c3\"> </span>(5.436) Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _a0\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) B. Rapprochement du taux d\u2019imp\u00f4t effectif  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice av<span class=\"_ _1\"></span>ant imp\u00f4t <span class=\"_ _18d\"> </span>69.95<span class=\"_ _1\"></span>7 <span class=\"_ _db\"> </span>30.513 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition de la maison m\u00e8re (2022 et 20<span class=\"_ _1\"></span>21 : 25,0 %) <span class=\"_ _18f\"> </span>(17<span class=\"_ _1\"></span>.489) <span class=\"_ _190\"> </span>(7<span class=\"_ _1\"></span>.628) Incidence des diff\u00e9r<span class=\"_ _1\"></span>ents taux d\u2019imposition des juridictions dans lesquelles le Groupe op\u00e8r<span class=\"_ _1\"></span>e <span class=\"_ _177\"> </span>2.830 <span class=\"_ _df\"> </span>992 Imp\u00f4t calcul\u00e9 au taux d\u2019imposition moy<span class=\"_ _1\"></span>en pond\u00e9r\u00e9  (2022 : 21,0% et 20<span class=\"_ _1\"></span>21 : 21,7 %) <span class=\"_ _191\"> </span>(14.659) <span class=\"_ _192\"> </span>(6.636) Ajust\u00e9 pour : <span class=\"_ _da\"> </span>  <span class=\"_ _167\"> </span>  D\u00e9penses non admises au niveau fiscal <span class=\"_ _193\"> </span>(1.329) <span class=\"_ _135\"> </span>(1.390) R\u00e9sultat ex<span class=\"_ _1\"></span>on\u00e9r\u00e9 <span class=\"_ _194\"> </span>1.496 <span class=\"_ _133\"> </span>941 Comptabilisation de pertes fiscales, de cr\u00e9dits d\u2019imp\u00f4t ou de  diff\u00e9renc<span class=\"_ _1\"></span>es temporair<span class=\"_ _1\"></span>es pr\u00e9c\u00e9demment non comptabilis\u00e9es  <span class=\"_ _195\"> </span>4.923 <span class=\"_ _117\"> </span>158 Perte pour laquelle aucune tax<span class=\"_ _1\"></span>e diff\u00e9r\u00e9e n\u2019es<span class=\"_ _1\"></span>t comptabilis\u00e9e <span class=\"_ _196\"> </span>(424) <span class=\"_ _128\"> </span>(501) Comptabilisation des r\u00e9serv<span class=\"_ _1\"></span>es ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es d\u2019imp\u00f4t <span class=\"_ _8f\"> </span>-  <span class=\"_ _116\"> </span>660 Incitations fiscales suppl\u00e9mentaires en R&amp;D<span class=\"_ _1\"></span>. <span class=\"_ _197\"> </span>1.4<span class=\"_ _1\"></span>76 <span class=\"_ _198\"> </span>640 Changement du taux d\u2019imposition ou nouvelle tax<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>-  <span class=\"_ _101\"> </span>2.790 D\u00e9comptabilisation des pertes fiscales c<span class=\"_ _1\"></span>omptabilis\u00e9es pr\u00e9c\u00e9demment <span class=\"_ _f5\"> </span>-  <span class=\"_ _143\"> </span>(4.505) Imp\u00f4t d\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice ant\u00e9rieur <span class=\"_ _166\"> </span>(1.020) <span class=\"_ _d7\"> </span>(590) Charge d\u2019imp\u00f4t comptabilis\u00e9 dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat <span class=\"_ _199\"> </span>(9.536) <span class=\"_ _bb\"> </span>(8.434) T<span class=\"_ _0\"></span>aux d\u2019imposition effectif <span class=\"_ _19a\"> </span>(13,6 %) <span class=\"_ _d0\"> </span>(27<span class=\"_ _1\"></span>,6 %)Le taux d\u2019imposition des soci\u00e9t\u00e9s en Belgique est de 25 % selon la l\u00e9gislation fiscale en vigueur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Le b\u00e9n\u00e9fice imposable de chaque filiale es<span class=\"_ _1\"></span>t impos\u00e9 au taux d\u2019imposition applicable dans le pays o\u00f9 la filiale est domicili\u00e9e. Selon la loi grec<span class=\"_ _1\"></span>que 47<span class=\"_ _1\"></span>99/2021, pr<span class=\"_ _1\"></span>omulgu\u00e9e en mai 2021, le taux d\u2019imposition des personnes mor<span class=\"_ _1\"></span>ales en Gr\u00e8ce, o\u00f9 la plupart des filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont situ\u00e9es, est fix\u00e9 \u00e0 22% pour l\u2019ann\u00e9e fiscale 2021 et les ann\u00e9es suivant<span class=\"_ _1\"></span>es. Le taux d\u2019imposition des personnes morales en Roumanie es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 16% et aux Etats-Unis, le taux f\u00e9d\u00e9ral d\u2019imposition des personnes morales es<span class=\"_ _1\"></span>t fix\u00e9 \u00e0 21%.Le taux d'imposition effectif du Gr<span class=\"_ _1\"></span>oupe a \u00e9t\u00e9 influenc\u00e9 par la comptabilisation de l'actif d'imp\u00f4t diff\u00e9r\u00e9 non comptabilis\u00e9 pr\u00e9c\u00e9demment sur les pertes d'imp\u00f4t r<span class=\"_ _1\"></span>eport\u00e9es des ann\u00e9es pr\u00e9c\u00e9dentes, vu que l'\u00e9v<span class=\"_ _1\"></span>aluation actuelle<span class=\"_ _8\"></span> concernant la r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>abilit\u00e9 des pertes fiscales disponibles pour compenser le r\u00e9sultat imposable futur du segment T<span class=\"_ _0\"></span>ubes d'acier a conduit \u00e0 la comptabilisation d'un actif d'imp\u00f4t diff\u00e9r\u00e9 de 4,6 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Sur la base de la l\u00e9gislation fiscale grec<span class=\"_ _1\"></span>que en vigueur<span class=\"_ _1\"></span>, les d\u00e9penses de recher<span class=\"_ _1\"></span>che et d\u00e9veloppement (R&amp;D<span class=\"_ _1\"></span>), y<span class=\"_ _8\"></span> compris les char<span class=\"_ _1\"></span>ges d'amortissement fiscal des \u00e9quipements et instruments utilis\u00e9s dans les activit\u00e9s de R&amp;D<span class=\"_ _1\"></span>,<span class=\"_ _8\"></span> peuvent \u00eatr<span class=\"_ _1\"></span>e d\u00e9duites du r\u00e9sultat brut d'une soci\u00e9t\u00e9 dont les taux de d\u00e9duction sont plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s. Plus pr\u00e9cis\u00e9ment,<span class=\"_ _8\"></span> les d\u00e9penses de R&amp;D en Gr\u00e8ce peuv<span class=\"_ _1\"></span>ent \u00eatre d\u00e9duites du r\u00e9sulta<span class=\"_ _1\"></span>t brut lorsqu'elles sont encourues \u00e0 un taux de 200 %<span class=\"_ _8\"></span> \u00e0 partir du 1 septembr<span class=\"_ _1\"></span>e 2020. Les filiales de C<span class=\"_ _1\"></span>energy Holdings en Gr\u00e8ce utilisent les dispositions fiscales ci-dessus et l'estimation de l'a<span class=\"_ _1\"></span>vantage fiscal corr<span class=\"_ _1\"></span>espondant est pr\u00e9sent\u00e9e dans la ligne \u00ab incitations fiscales suppl\u00e9mentaires en R&amp;D \u00bb du tableau ci-dessus. C. V<span class=\"_ _1\"></span>ariation des soldes d\u2019imp\u00f4ts diff\u00e9r\u00e9s Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e sont les suivantes :2022 <span class=\"_ _19b\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _19f\"> </span>(34.227) <span class=\"_ _69\"> </span>(3.422) <span class=\"_ _27\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _f6\"> </span>(37<span class=\"_ _1\"></span>.648)<span class=\"ff19 ws81\"> <span class=\"_ _90\"> </span>4 (37<span class=\"_ _0\"></span>.652)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _ab\"> </span>(10) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _46\"> </span><span class=\"ff18\">(5)</span><span class=\"ws82\"> <span class=\"_ _3\"> </span>9 (15)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _5c\"> </span>(1.922) <span class=\"_ _108\"> </span>(126) <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _6e\"> </span><span class=\"ff18\">(2.048)</span><span class=\"ws83\"> <span class=\"_ _fc\"> </span>103 (2.150)</span> Inv<span class=\"_ _1\"></span>estissement en immobilier <span class=\"_ _13d\"> </span>71 <span class=\"_ _89\"> </span>- <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _f0\"> </span>79 <span class=\"_ _5e\"> </span>21 <span class=\"_ _1e\"> </span>- <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _41\"> </span><span class=\"ff18\">100</span><span class=\"ws86\"> 100 <span class=\"_ _91\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _147\"> </span>(13.064) <span class=\"_ _88\"> </span>(5.485) <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _69\"> </span>(18.54<span class=\"_ _1\"></span>9)<span class=\"ff19\"> <span class=\"_ _19e\"> </span>-  <span class=\"_ _ac\"> </span>(18.549)</span> Instruments d\u00e9riv\u00e9s <span class=\"_ _1a0\"> </span>462 <span class=\"_ _35\"> </span>(1.060) <span class=\"_ _68\"> </span>(684) <span class=\"_ _fd\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _a3\"> </span><span class=\"ff18\">(1.282)</span><span class=\"ws87\"> <span class=\"_ _1a1\"> </span>29 (1.310)</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _1a2\"> </span>(1.311) <span class=\"_ _56\"> </span>541 <span class=\"_ _1e\"> </span>- <span class=\"_ _18f\"> </span>- <span class=\"_ _27\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span><span class=\"ff18\">(770)</span><span class=\"ws88\"> <span class=\"_ _3b\"> </span>172 (941)</span> A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _137\"> </span>668 <span class=\"_ _93\"> </span>87 <span class=\"_ _55\"> </span>(94) <span class=\"_ _18f\"> </span>- <span class=\"_ _4e\"> </span>- <span class=\"_ _1a3\"> </span>- <span class=\"_ _10e\"> </span><span class=\"ff18\">660</span> 660 <span class=\"_ _28\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1a4\"> </span>3.056 <span class=\"_ _a3\"> </span>(644) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a5\"> </span>183 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _67\"> </span><span class=\"ff18\">2.594</span> 2.594 <span class=\"_ _6e\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1a6\"> </span>(637) <span class=\"_ _a4\"> </span>555 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _71\"> </span>(18) <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _21\"> </span><span class=\"ff18\">(100)</span><span class=\"ls55 ws8b\"> <span class=\"_ _25\"> </span>5<span class=\"_ _8\"></span>92 (692)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _132\"> </span>405 <span class=\"_ _86\"> </span>11.<span class=\"_ _1\"></span>163 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5d\"> </span>3 <span class=\"_ _4e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.570</span> 11.5<span class=\"_ _1\"></span>70 <span class=\"_ _ef\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _186\"> </span>11.266 <span class=\"_ _67\"> </span>1.664 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>-  <span class=\"_ _68\"> </span><span class=\"ff18\">12.930</span><span class=\"ws8d\"> 12.930 <span class=\"_ _a3\"> </span>-</span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t avant </span> compensation <span class=\"_ _1a7\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _a6\"> </span>28.834 <span class=\"_ _a8\"> </span>(61.309) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span> <span class=\"_ _99\"> </span> <span class=\"_ _1a9\"> </span>  <span class=\"_ _4d\"> </span>(25.991) <span class=\"_ _68\"> </span>25.991 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _3d\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _1f\"> </span>3.284 <span class=\"_ _b1\"> </span>(778) <span class=\"_ _46\"> </span>168 <span class=\"_ _27\"> </span>-  <span class=\"_ _1a8\"> </span>-  <span class=\"_ _28\"> </span>(32.475) <span class=\"_ _53\"> </span>2.843 <span class=\"_ _a6\"> </span>(35.318)Les v<span class=\"_ _1\"></span>ariations des actifs et des passifs d\u2019imp\u00f4t diff\u00e9r\u00e9 au cours de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e pr\u00e9c\u00e9dent \u00e9taient les suivantes : 2021 <span class=\"_ _1aa\"> </span>V<span class=\"_ _1\"></span>ariation du taux d'imposition <span class=\"_ _146\"> </span>Solde au 31 d\u00e9cembre<span class=\"_ _8\"></span> <span class=\"_ _1\"></span>  <span class=\"_ _197\"> </span> <span class=\"_ _90\"> </span> <span class=\"_ _7e\"> </span> <span class=\"_ _108\"> </span> <span class=\"_ _88\"> </span> Impact <span class=\"_ _62\"> </span> <span class=\"_ _8b\"> </span>  <span class=\"_ _66\"> </span> <span class=\"_ _43\"> </span> Reconnu <span class=\"_ _4e\"> </span> <span class=\"_ _a4\"> </span> <span class=\"_ _20\"> </span>reconnu <span class=\"_ _46\"> </span> <span class=\"_ _44\"> </span>  <span class=\"_ _19c\"> </span> <span class=\"_ _a1\"> </span> <span class=\"_ _5f\"> </span>en autres <span class=\"_ _ed\"> </span> <span class=\"_ _5c\"> </span> <span class=\"_ _80\"> </span>en antres <span class=\"_ _e8\"> </span>  <span class=\"_ _162\"> </span>Solde <span class=\"_ _7d\"> </span>Rec<span class=\"_ _1\"></span>onnu <span class=\"_ _5f\"> </span>\u00e9l\u00e9ments <span class=\"_ _ed\"> </span> <span class=\"_ _a3\"> </span>Impact <span class=\"_ _b1\"> </span>\u00e9l\u00e9ments <span class=\"_ _ef\"> </span>Solde net <span class=\"_ _55\"> </span>A<span class=\"_ _1\"></span>ctifs <span class=\"_ _112\"> </span>Passifs <span class=\"_ _19d\"> </span>net au <span class=\"_ _1d\"> </span>en <span class=\"_ _6c\"> </span>du r\u00e9sultat <span class=\"_ _1f\"> </span>Ecarts de <span class=\"_ _6a\"> </span>reconnu en <span class=\"_ _f6\"> </span>du r\u00e9sultat <span class=\"_ _19e\"> </span>au 31  <span class=\"_ _b3\"> </span>d'imp\u00f4t <span class=\"_ _b1\"> </span>d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _170\"> </span>1er janvier <span class=\"_ _9d\"> </span>r\u00e9sultat <span class=\"_ _55\"> </span>global <span class=\"_ _a4\"> </span>change <span class=\"_ _68\"> </span>r\u00e9sultat <span class=\"_ _33\"> </span>global <span class=\"_ _7d\"> </span>d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1f\"> </span>diff\u00e9r\u00e9 <span class=\"_ _4f\"> </span>diff\u00e9r\u00e9 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _10\"> </span>(33.391) <span class=\"_ _35\"> </span>(3.792) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _68\"> </span>2.954 <span class=\"_ _5b\"> </span>-  <span class=\"_ _85\"> </span><span class=\"ff18\">(34.227)</span><span class=\"ws8e\"> <span class=\"_ _9f\"> </span>4 (34.230)</span> Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _61\"> </span>4 <span class=\"_ _64\"> </span>1 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>-  <span class=\"_ _34\"> </span>(1) <span class=\"_ _5b\"> </span>-  <span class=\"_ _89\"> </span><span class=\"ff18\">4</span><span class=\"ws8f\"> <span class=\"_ _2\"> </span>9 (5)</span> Immobilisations incorpor<span class=\"_ _1\"></span>elles <span class=\"_ _1a9\"> </span>(1.934) <span class=\"_ _108\"> </span>(162) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>- <span class=\"_ _a4\"> </span>17<span class=\"_ _1\"></span>4 <span class=\"_ _5b\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.922)</span><span class=\"ws83\"> <span class=\"_ _2a\"> </span>229 (2.150)</span> Propri\u00e9t\u00e9 d'in<span class=\"_ _1\"></span>vestissement <span class=\"_ _132\"> </span>71 <span class=\"_ _89\"> </span>-  <span class=\"_ _19e\"> </span>- <span class=\"_ _18f\"> </span>-  <span class=\"_ _5e\"> </span>-  <span class=\"_ _5d\"> </span>- <span class=\"_ _3f\"> </span><span class=\"ff18 lsf6 ws84\">71</span> 71 <span class=\"_ _2c\"> </span>-  Stocks <span class=\"_ _1ab\"> </span>73 <span class=\"_ _5e\"> </span>12 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _44\"> </span>(6) <span class=\"_ _5b\"> </span>-  <span class=\"_ _5e\"> </span>79<span class=\"ff19 ws90\"> 79<span class=\"_ _8\"></span> <span class=\"_ _1a1\"> </span>-</span> Contra<span class=\"_ _1\"></span>ts avec des clients <span class=\"_ _1ac\"> </span>(11.423) <span class=\"_ _35\"> </span>(2.523) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _65\"> </span>- <span class=\"_ _a4\"> </span>881 <span class=\"_ _5b\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(13.064)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _a9\"> </span>(13.064) Instruments d\u00e9riv\u00e9s <span class=\"_ _1ae\"> </span>466 <span class=\"_ _41\"> </span>48 <span class=\"_ _1a5\"> </span>12 <span class=\"_ _18f\"> </span>-  <span class=\"_ _93\"> </span>5 <span class=\"_ _43\"> </span>(70) <span class=\"_ _71\"> </span><span class=\"ff18\">462</span> 462 <span class=\"_ _29\"> </span>-  Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _3d\"> </span>(1.968) <span class=\"_ _ab\"> </span>505 <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _f7\"> </span>-  <span class=\"_ _9b\"> </span>152 <span class=\"_ _5b\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.311)</span> <span class=\"_ _1ad\"> </span>-  <span class=\"_ _68\"> </span>(1.311) A<span class=\"_ _1\"></span>vantages du personnel <span class=\"_ _1af\"> </span>610 <span class=\"_ _41\"> </span>64 <span class=\"_ _9d\"> </span>(148) <span class=\"_ _18f\"> </span>- <span class=\"_ _1b0\"> </span>(49) <span class=\"_ _19e\"> </span>191 <span class=\"_ _1b1\"> </span><span class=\"ff18\">668</span> 668 <span class=\"_ _29\"> </span>-  Pro<span class=\"_ _1\"></span>visions <span class=\"_ _1b2\"> </span>313 <span class=\"_ _f4\"> </span>2.777 <span class=\"_ _27\"> </span>- <span class=\"_ _1b3\"> </span>(4) <span class=\"_ _108\"> </span>(30) <span class=\"_ _5b\"> </span>- <span class=\"_ _112\"> </span>3.<span class=\"_ _1\"></span>056 3.056 <span class=\"_ _8d\"> </span>-  Autres \u00e9l\u00e9ments <span class=\"_ _1b4\"> </span>(37<span class=\"_ _1\"></span>5) <span class=\"_ _62\"> </span>(262) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1b1\"> </span>(12) <span class=\"_ _1b5\"> </span>13 <span class=\"_ _1a8\"> </span> -  <span class=\"_ _21\"> </span><span class=\"ff18\">(637)</span><span class=\"ws93\"> <span class=\"_ _2\"> </span>298 (935)</span> Pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es <span class=\"_ _141\"> </span>5.265 <span class=\"_ _f6\"> </span>(4.599) <span class=\"_ _1e\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>2 <span class=\"_ _80\"> </span>(263) <span class=\"_ _5b\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff18\">405</span> 405 <span class=\"_ _28\"> </span>-  Capitalisation res<span class=\"_ _1\"></span>treinte <span class=\"_ _170\"> </span>12.603 <span class=\"_ _62\"> </span>(295) <span class=\"_ _27\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5e\"> </span>(2) <span class=\"_ _8b\"> </span>(1.040) <span class=\"_ _5b\"> </span>-  <span class=\"_ _1f\"> </span><span class=\"ff18\">11.266</span><span class=\"ws95\"> 11.266 <span class=\"_\"> </span>- </span> <span class=\"ff18\">Actifs/(passifs<span class=\"_ _1\"></span>) d'imp\u00f4t </span> av<span class=\"_ _1\"></span>ant compensation <span class=\"_ _13f\"> </span>(29.684) <span class=\"_ _88\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _f6\"> </span>16.547 <span class=\"_ _85\"> </span>(51.695) Compensation de tax<span class=\"_ _1\"></span>es <span class=\"_ _6b\"> </span>  <span class=\"_ _1d\"> </span>  <span class=\"_ _3f\"> </span> <span class=\"fc6 sc0\"> </span><span class=\"_ _af\"> </span>  <span class=\"_ _1e\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _109\"> </span>  <span class=\"_ _6c\"> </span>(13.314) <span class=\"_ _a3\"> </span>13.314 Actifs / (passifs<span class=\"_ _1\"></span>) d'imp\u00f4t net <span class=\"_ _64\"> </span>(29.684) <span class=\"_ _f6\"> </span>(8.225) <span class=\"_ _62\"> </span>(135) <span class=\"_ _1b5\"> </span>(14) <span class=\"_ _ef\"> </span>2.790 <span class=\"_ _1ad\"> </span>121 <span class=\"_ _35\"> </span>(35.<span class=\"_ _1\"></span>148) <span class=\"_ _8d\"> </span>3.233 <span class=\"_ _91\"> </span>(38.382)Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le cumul des pertes fiscales r<span class=\"_ _1\"></span>eportables disponibles pour utilisation future s'\u00e9le<span class=\"_ _1\"></span>vait \u00e0 61,3 millions d'euros. L<span class=\"_ _1\"></span>es soci\u00e9t\u00e9s de Cenergy Holdings ont comptabilis\u00e9 un actif d'imp\u00f4t diff\u00e9r\u00e9 de 5<span class=\"_ _1\"></span>2,6 millions<span class=\"_ _8\"></span> d'euros sur les pert<span class=\"_ _1\"></span>es fiscales parce que la dir<span class=\"_ _1\"></span>ection estimait probable que de futurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es imposables seraient disponibles pour lesquels de telles pertes fiscales pourr<span class=\"_ _1\"></span>aient \u00eatre utilis\u00e9es au c<span class=\"_ _1\"></span>ours des cinq prochaines ann\u00e9es. L'actif d'imp\u00f4t diff\u00e9r\u00e9 sur les pertes fiscales de 7<span class=\"_ _0\"></span>,9 millions d'euros conc<span class=\"_ _1\"></span>erne le segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>, tandis que le montant corr<span class=\"_ _1\"></span>espondant pour le segment C\u00e2bles est de 3,7 millions d'eur<span class=\"_ _1\"></span>os.<span class=\"_ _8\"></span> Selon les estimations de la dir<span class=\"_ _1\"></span>ection concernant les b\u00e9n\u00e9fices imposables futurs et la p\u00e9riode d\u2019utilisa<span class=\"_ _1\"></span>tion des pertes<span class=\"_ _8\"></span> fiscales conform\u00e9ment \u00e0 la l\u00e9gisla<span class=\"_ _1\"></span>tion fiscale applicable, des actifs d\u2019imp\u00f4t diff\u00e9r\u00e9 n\u2019ont pas \u00e9t\u00e9 c<span class=\"_ _1\"></span>omptabilis\u00e9s<span class=\"_ _8\"></span> comme pertes fiscales r<span class=\"_ _1\"></span>eport\u00e9es pour un montant de 8,7 millions d\u2019<span class=\"_ _1\"></span>euros e<span class=\"_ _1\"></span>xpirant au c<span class=\"_ _1\"></span>ours de la p\u00e9riode allant de<span class=\"_ _8\"></span> 2023 \u00e0 202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. Ces pert<span class=\"_ _1\"></span>es fiscales pour lesquelles des actifs d'imp\u00f4t diff\u00e9r\u00e9 n'ont pas \u00e9t\u00e9 comptabilis\u00e9s concernent principalement la soci\u00e9t\u00e9 m\u00e8re<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En vertu des dispositions des articles 4<span class=\"_ _1\"></span>9 et 72 de la loi grec<span class=\"_ _1\"></span>que 4172/20<span class=\"_ _1\"></span>13 relativ<span class=\"_ _1\"></span>e \u00e0 la sous-capitalisation, les<span class=\"_ _8\"></span> int\u00e9r\u00eats d\u00e9biteurs nets sont d\u00e9ductibles du b\u00e9n\u00e9fice imposable de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice s\u2019ils sont inf\u00e9rieurs ou \u00e9gaux \u00e0 30 % de l\u2019EBITD<span class=\"_ _1\"></span>A et si tout ex<span class=\"_ _1\"></span>c\u00e9dent peut \u00eatre aff<span class=\"_ _1\"></span>ect\u00e9s aux b\u00e9n\u00e9fices imposables futurs sans limitation de temps. Des r\u00e8gles similaires r<span class=\"_ _1\"></span>elatives \u00e0 la sous-capitalisa<span class=\"_ _1\"></span>tion s'appliquent \u00e0 la d\u00e9ductibilit\u00e9 fiscale des int\u00e9r\u00eats en Roumanie. Plus pr\u00e9cis\u00e9ment, le co\u00fbt d'int\u00e9r\u00eat net sup\u00e9rieur \u00e0 la limite d\u00e9ductible de 200 milliers d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os n'est d\u00e9ductible qu\u2019\u00e0 hauteur de 10 % de l'EBITD<span class=\"_ _1\"></span>A. Les fr<span class=\"_ _1\"></span>ais d'int\u00e9r\u00eats nets ex<span class=\"_ _1\"></span>c\u00e9dentaires ne sont pas d\u00e9ductibles au cours de la p\u00e9riode d'imposition en question et peuv<span class=\"_ _1\"></span>ent \u00eatre r<span class=\"_ _1\"></span>eport\u00e9s \u00e0 un nombre illimit\u00e9 d'ann\u00e9es d'imposition. En 2022, l'actif d'imp\u00f4t diff\u00e9r\u00e9 comptabilis\u00e9 selon les r\u00e8gles de sous-capitalisation a augment\u00e9 de 1,<span class=\"_ _1\"></span>7 millions d\u2019eur<span class=\"_ _1\"></span>os. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-184-3": {
   "value": "Il n\u2019y a pas de stocks donn\u00e9s en gar<span class=\"_ _1\"></span>antie pour les emprunts re\u00e7us par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings. B. Nantissement Des immobilisations corpor<span class=\"_ _1\"></span>elles d\u2019une valeur comptable de 4<span class=\"_ _1\"></span>9 millions d\u2019eur<span class=\"_ _1\"></span>os sont donn\u00e9es en garanties d\u2019<span class=\"_ _1\"></span>emprunts re\u00e7us par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings (voir la not<span class=\"_ _1\"></span>e 26).<span class=\"_ _8\"></span> Les hypoth\u00e8ques en f<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>eur des banques ont \u00e9t\u00e9 enregistr\u00e9es sur les biens immobiliers, les installations et les \u00e9quipements des filiales. La valeur c<span class=\"_ _1\"></span>omptable des actifs hypoth\u00e9qu\u00e9s est de 49 millions d\u2019<span class=\"_ _1\"></span>euros. Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-185-2": {
   "value": "15. Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs<span class=\"_ _8\"></span>  <span class=\"_ _1ba\"> </span>Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _1bb\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span>  Cr\u00e9ances clients <span class=\"_ _1bd\"> </span> <span class=\"_ _18a\"> </span>142.098 <span class=\"_ _13f\"> </span>96.262 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _135\"> </span>(27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>128) <span class=\"_ _13d\"> </span>(25.534) <span class=\"_ _162\"> </span> 114.97<span class=\"_ _1\"></span>0 <span class=\"_ _2a\"> </span>70<span class=\"_ _1\"></span>.728 Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _1bf\"> </span> <span class=\"_ _11d\"> </span>3.<span class=\"_ _1\"></span>178 <span class=\"_ _119\"> </span>62<span class=\"_ _1\"></span>4 Ch\u00e8ques et effets \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir  <span class=\"_ _51\"> </span> <span class=\"_ _1c0\"> </span>194 <span class=\"_ _f8\"> </span>390 Cr\u00e9ances env<span class=\"_ _1\"></span>ers des entreprises li\u00e9es <span class=\"_ _1c1\"> </span>35 <span class=\"_ _bd\"> </span>24.290 <span class=\"_ _b6\"> </span>31.445 TV<span class=\"_ _0\"></span>A et autres cr\u00e9ances fiscales <span class=\"_ _1c2\"> </span> <span class=\"_ _b6\"> </span>11.6<span class=\"_ _1\"></span>10 <span class=\"_ _11c\"> </span>14.47<span class=\"_ _1\"></span>6 Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _1c3\"> </span> <span class=\"_ _17a\"> </span>18.910 <span class=\"_ _133\"> </span>4.716 Autres d\u00e9bit<span class=\"_ _1\"></span>eurs <span class=\"_ _1c4\"> </span> <span class=\"_ _db\"> </span>20.0<span class=\"_ _1\"></span>34 <span class=\"_ _15f\"> </span>10.<span class=\"_ _1\"></span>158 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _132\"> </span>(417) <span class=\"_ _137\"> </span>(49<span class=\"_ _1\"></span>7) <span class=\"_ _a5\"> </span> 77<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>98 <span class=\"_ _52\"> </span>61.312 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _18a\"> </span>192.7<span class=\"_ _1\"></span>69 <span class=\"_ _db\"> </span>132.040 Actifs non c<span class=\"_ _1\"></span>ourants<span class=\"ff19\"> <span class=\"_ _95\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span> </span> Cr\u00e9ances non cour<span class=\"_ _1\"></span>antes de parties li\u00e9es <span class=\"_ _1c1\"> </span> <span class=\"_ _1c6\"> </span>395 <span class=\"_ _12b\"> </span>208 Autres cr\u00e9anc<span class=\"_ _1\"></span>es non courant<span class=\"_ _1\"></span>es <span class=\"_ _185\"> </span> <span class=\"_ _1c6\"> </span>832 <span class=\"_ _12b\"> </span>968 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _116\"> </span>1.227 <span class=\"_ _129\"> </span>1.<span class=\"_ _1\"></span>177 A. Cession de cr\u00e9anc<span class=\"_ _1\"></span>es clients<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des cr\u00e9ances inclut des montants rele<span class=\"_ _1\"></span>vant d\u2019<span class=\"_ _1\"></span>accor<span class=\"_ _1\"></span>ds d\u2019affactur<span class=\"_ _1\"></span>age. Les filiales de Cenergy Holdings concluent des acc<span class=\"_ _1\"></span>ords d'affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours pour v<span class=\"_ _1\"></span>endre des cr\u00e9anc<span class=\"_ _1\"></span>es clients contre un v<span class=\"_ _1\"></span>ersement<span class=\"_ _8\"></span> en esp\u00e8ces. Ces cr\u00e9anc<span class=\"_ _1\"></span>es clients ne sont pas d\u00e9comptabilis\u00e9es de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8r<span class=\"_ _1\"></span>e, car la quasi-totalit\u00e9 des risques - principalement le risque de cr\u00e9dit - et des a<span class=\"_ _1\"></span>vantages sont conserv\u00e9s au sein du Gr<span class=\"_ _1\"></span>oupe. Le montant r<span class=\"_ _1\"></span>e\u00e7u lors du transfert par le fact<span class=\"_ _1\"></span>or est comptabilis\u00e9 en tant que pr\u00eat bancair<span class=\"_ _1\"></span>e garanti. Les informations suiv<span class=\"_ _1\"></span>antes indiquent la v<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e qui ont \u00e9t\u00e9<span class=\"_ _8\"></span> transf\u00e9r\u00e9es, mais n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 d\u00e9comptabilis\u00e9es, ainsi que les pas<span class=\"_ _1\"></span>sifs correspondants.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 V<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients c\u00e9d\u00e9es  <span class=\"_ _183\"> </span>16.265 <span class=\"_ _b6\"> </span>8.812 V<span class=\"_ _1\"></span>aleur comptable des passifs c<span class=\"_ _1\"></span>orrespondants <span class=\"_ _18b\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 La juste v<span class=\"_ _1\"></span>aleur des cr\u00e9ances clients c\u00e9d\u00e9es se r<span class=\"_ _1\"></span>approche de la valeur c<span class=\"_ _1\"></span>omptable.<span class=\"_ _8\"></span> Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, Cener<span class=\"_ _1\"></span>gy Holdings n'av<span class=\"_ _1\"></span>ait pas utilis\u00e9 le montant total de la ligne de cr\u00e9dit fournie par les soci\u00e9t\u00e9s d'affactur<span class=\"_ _1\"></span>age.<span class=\"_ _8\"></span> B. Risques de cr\u00e9dit et de march\u00e9 et pertes de v<span class=\"_ _1\"></span>aleur sur cr\u00e9ances clients En 2010, la filiale C<span class=\"_ _1\"></span>orinth Pipeworks S<span class=\"_ _1\"></span>A a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice c<span class=\"_ _1\"></span>ontre un ancien client au Moy<span class=\"_ _1\"></span>en-Orient conc<span class=\"_ _1\"></span>ernant le recouvr<span class=\"_ _1\"></span>ement d'une cr\u00e9ance en souffranc<span class=\"_ _1\"></span>e de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de pr<span class=\"_ _1\"></span>oc\u00e9dures judiciair<span class=\"_ _1\"></span>es, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 20<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span> et a d\u00e9cid\u00e9 de rejet<span class=\"_ _1\"></span>er toute demande r<span class=\"_ _1\"></span>econv<span class=\"_ _1\"></span>entionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipew<span class=\"_ _1\"></span>orks.<span class=\"_ _8\"></span> Afin de r<span class=\"_ _1\"></span>ecouvrer c<span class=\"_ _1\"></span>e solde d\u00fb depuis longtemps, Corinth Pipe<span class=\"_ _1\"></span>works a engag\u00e9 des proc\u00e9dur<span class=\"_ _1\"></span>es d\u2019<span class=\"_ _1\"></span>ex\u00e9cution \u00e0 l\u2019<span class=\"_ _1\"></span>encontre des actifs de l'ancien client situ\u00e9s dans l'un des pa<span class=\"_ _1\"></span>ys o\u00f9 l'arr\u00eat de la Cour de cassa<span class=\"_ _1\"></span>tion rendu contr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> l'ancien client est e<span class=\"_ _1\"></span>x\u00e9cutoire (<span class=\"_ _1\"></span>c'est-\u00e0-dire les \u00c9mir<span class=\"_ _1\"></span>ats Arabes Unis et div<span class=\"_ _1\"></span>ers autres pa<span class=\"_ _1\"></span>ys du Mo<span class=\"_ _1\"></span>yen-Orient). Il n'y a pas eu d'autres d\u00e9v<span class=\"_ _1\"></span>eloppements importants en 2022. Corinth Pipe<span class=\"_ _1\"></span>works av<span class=\"_ _1\"></span>ait comptabilis\u00e9 dans le pass\u00e9 une perte de v<span class=\"_ _1\"></span>aleur de 24,8 millions de dollars am\u00e9ricains. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la filiale poursuivra toute action r<span class=\"_ _1\"></span>equise afin de rec<span class=\"_ _1\"></span>ouvrer l\u2019int\u00e9gralit\u00e9 de c<span class=\"_ _1\"></span>ette cr\u00e9ance<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition de Cenergy Holdings aux risques de cr\u00e9dit et de mar<span class=\"_ _1\"></span>ch\u00e9, ainsi que sur les pertes de<span class=\"_ _8\"></span> valeur li\u00e9es aux cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs sont incluses \u00e0 la not<span class=\"_ _1\"></span>e 29.C.<span class=\"_ _1\"></span>1. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-185-3": {
   "value": "15. Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs<span class=\"_ _8\"></span>  <span class=\"_ _1ba\"> </span>Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _1bb\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span>  Cr\u00e9ances clients <span class=\"_ _1bd\"> </span> <span class=\"_ _18a\"> </span>142.098 <span class=\"_ _13f\"> </span>96.262 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _135\"> </span>(27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>128) <span class=\"_ _13d\"> </span>(25.534) <span class=\"_ _162\"> </span> 114.97<span class=\"_ _1\"></span>0 <span class=\"_ _2a\"> </span>70<span class=\"_ _1\"></span>.728 Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _1bf\"> </span> <span class=\"_ _11d\"> </span>3.<span class=\"_ _1\"></span>178 <span class=\"_ _119\"> </span>62<span class=\"_ _1\"></span>4 Ch\u00e8ques et effets \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir  <span class=\"_ _51\"> </span> <span class=\"_ _1c0\"> </span>194 <span class=\"_ _f8\"> </span>390 Cr\u00e9ances env<span class=\"_ _1\"></span>ers des entreprises li\u00e9es <span class=\"_ _1c1\"> </span>35 <span class=\"_ _bd\"> </span>24.290 <span class=\"_ _b6\"> </span>31.445 TV<span class=\"_ _0\"></span>A et autres cr\u00e9ances fiscales <span class=\"_ _1c2\"> </span> <span class=\"_ _b6\"> </span>11.6<span class=\"_ _1\"></span>10 <span class=\"_ _11c\"> </span>14.47<span class=\"_ _1\"></span>6 Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _1c3\"> </span> <span class=\"_ _17a\"> </span>18.910 <span class=\"_ _133\"> </span>4.716 Autres d\u00e9bit<span class=\"_ _1\"></span>eurs <span class=\"_ _1c4\"> </span> <span class=\"_ _db\"> </span>20.0<span class=\"_ _1\"></span>34 <span class=\"_ _15f\"> </span>10.<span class=\"_ _1\"></span>158 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _132\"> </span>(417) <span class=\"_ _137\"> </span>(49<span class=\"_ _1\"></span>7) <span class=\"_ _a5\"> </span> 77<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>98 <span class=\"_ _52\"> </span>61.312 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _18a\"> </span>192.7<span class=\"_ _1\"></span>69 <span class=\"_ _db\"> </span>132.040 Actifs non c<span class=\"_ _1\"></span>ourants<span class=\"ff19\"> <span class=\"_ _95\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span> </span> Cr\u00e9ances non cour<span class=\"_ _1\"></span>antes de parties li\u00e9es <span class=\"_ _1c1\"> </span> <span class=\"_ _1c6\"> </span>395 <span class=\"_ _12b\"> </span>208 Autres cr\u00e9anc<span class=\"_ _1\"></span>es non courant<span class=\"_ _1\"></span>es <span class=\"_ _185\"> </span> <span class=\"_ _1c6\"> </span>832 <span class=\"_ _12b\"> </span>968 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _116\"> </span>1.227 <span class=\"_ _129\"> </span>1.<span class=\"_ _1\"></span>177 A. Cession de cr\u00e9anc<span class=\"_ _1\"></span>es clients<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des cr\u00e9ances inclut des montants rele<span class=\"_ _1\"></span>vant d\u2019<span class=\"_ _1\"></span>accor<span class=\"_ _1\"></span>ds d\u2019affactur<span class=\"_ _1\"></span>age. Les filiales de Cenergy Holdings concluent des acc<span class=\"_ _1\"></span>ords d'affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours pour v<span class=\"_ _1\"></span>endre des cr\u00e9anc<span class=\"_ _1\"></span>es clients contre un v<span class=\"_ _1\"></span>ersement<span class=\"_ _8\"></span> en esp\u00e8ces. Ces cr\u00e9anc<span class=\"_ _1\"></span>es clients ne sont pas d\u00e9comptabilis\u00e9es de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8r<span class=\"_ _1\"></span>e, car la quasi-totalit\u00e9 des risques - principalement le risque de cr\u00e9dit - et des a<span class=\"_ _1\"></span>vantages sont conserv\u00e9s au sein du Gr<span class=\"_ _1\"></span>oupe. Le montant r<span class=\"_ _1\"></span>e\u00e7u lors du transfert par le fact<span class=\"_ _1\"></span>or est comptabilis\u00e9 en tant que pr\u00eat bancair<span class=\"_ _1\"></span>e garanti. Les informations suiv<span class=\"_ _1\"></span>antes indiquent la v<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e qui ont \u00e9t\u00e9<span class=\"_ _8\"></span> transf\u00e9r\u00e9es, mais n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 d\u00e9comptabilis\u00e9es, ainsi que les pas<span class=\"_ _1\"></span>sifs correspondants.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 V<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients c\u00e9d\u00e9es  <span class=\"_ _183\"> </span>16.265 <span class=\"_ _b6\"> </span>8.812 V<span class=\"_ _1\"></span>aleur comptable des passifs c<span class=\"_ _1\"></span>orrespondants <span class=\"_ _18b\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 La juste v<span class=\"_ _1\"></span>aleur des cr\u00e9ances clients c\u00e9d\u00e9es se r<span class=\"_ _1\"></span>approche de la valeur c<span class=\"_ _1\"></span>omptable.<span class=\"_ _8\"></span> Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, Cener<span class=\"_ _1\"></span>gy Holdings n'av<span class=\"_ _1\"></span>ait pas utilis\u00e9 le montant total de la ligne de cr\u00e9dit fournie par les soci\u00e9t\u00e9s d'affactur<span class=\"_ _1\"></span>age.<span class=\"_ _8\"></span> B. Risques de cr\u00e9dit et de march\u00e9 et pertes de v<span class=\"_ _1\"></span>aleur sur cr\u00e9ances clients En 2010, la filiale C<span class=\"_ _1\"></span>orinth Pipeworks S<span class=\"_ _1\"></span>A a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice c<span class=\"_ _1\"></span>ontre un ancien client au Moy<span class=\"_ _1\"></span>en-Orient conc<span class=\"_ _1\"></span>ernant le recouvr<span class=\"_ _1\"></span>ement d'une cr\u00e9ance en souffranc<span class=\"_ _1\"></span>e de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de pr<span class=\"_ _1\"></span>oc\u00e9dures judiciair<span class=\"_ _1\"></span>es, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 20<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span> et a d\u00e9cid\u00e9 de rejet<span class=\"_ _1\"></span>er toute demande r<span class=\"_ _1\"></span>econv<span class=\"_ _1\"></span>entionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipew<span class=\"_ _1\"></span>orks.<span class=\"_ _8\"></span> Afin de r<span class=\"_ _1\"></span>ecouvrer c<span class=\"_ _1\"></span>e solde d\u00fb depuis longtemps, Corinth Pipe<span class=\"_ _1\"></span>works a engag\u00e9 des proc\u00e9dur<span class=\"_ _1\"></span>es d\u2019<span class=\"_ _1\"></span>ex\u00e9cution \u00e0 l\u2019<span class=\"_ _1\"></span>encontre des actifs de l'ancien client situ\u00e9s dans l'un des pa<span class=\"_ _1\"></span>ys o\u00f9 l'arr\u00eat de la Cour de cassa<span class=\"_ _1\"></span>tion rendu contr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> l'ancien client est e<span class=\"_ _1\"></span>x\u00e9cutoire (<span class=\"_ _1\"></span>c'est-\u00e0-dire les \u00c9mir<span class=\"_ _1\"></span>ats Arabes Unis et div<span class=\"_ _1\"></span>ers autres pa<span class=\"_ _1\"></span>ys du Mo<span class=\"_ _1\"></span>yen-Orient). Il n'y a pas eu d'autres d\u00e9v<span class=\"_ _1\"></span>eloppements importants en 2022. Corinth Pipe<span class=\"_ _1\"></span>works av<span class=\"_ _1\"></span>ait comptabilis\u00e9 dans le pass\u00e9 une perte de v<span class=\"_ _1\"></span>aleur de 24,8 millions de dollars am\u00e9ricains. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la filiale poursuivra toute action r<span class=\"_ _1\"></span>equise afin de rec<span class=\"_ _1\"></span>ouvrer l\u2019int\u00e9gralit\u00e9 de c<span class=\"_ _1\"></span>ette cr\u00e9ance<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition de Cenergy Holdings aux risques de cr\u00e9dit et de mar<span class=\"_ _1\"></span>ch\u00e9, ainsi que sur les pertes de<span class=\"_ _8\"></span> valeur li\u00e9es aux cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs sont incluses \u00e0 la not<span class=\"_ _1\"></span>e 29.C.<span class=\"_ _1\"></span>1. 16. T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _1c7\"> </span>32 <span class=\"_ _1c8\"> </span>6 D\u00e9p\u00f4ts bancaires \u00e0 c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _dd\"> </span>167<span class=\"_ _0\"></span>.127 <span class=\"_ _143\"> </span>129.600 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _143\"> </span>129.606 Les d\u00e9p\u00f4ts bancair<span class=\"_ _1\"></span>es \u00e0 court terme ont une dur\u00e9e inf\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 90 jours et sont disponibles.<span class=\"_ _8\"></span> 22. Autr<span class=\"_ _1\"></span>es inv<span class=\"_ _1\"></span>estissements  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _21b\"> </span>5.812 <span class=\"_ _c6\"> </span>5.657 Acquisitions <span class=\"_ _1b9\"> </span>- <span class=\"_ _c8\"> </span>- V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Cessions <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812Les autr<span class=\"_ _1\"></span>es placements sont des titres de participation \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat<span class=\"_ _8\"></span> global et concernent des actions non c<span class=\"_ _1\"></span>ot\u00e9es (instruments de capitaux propr<span class=\"_ _1\"></span>es) d'entit\u00e9s gr<span class=\"_ _1\"></span>ecques.<span class=\"_ _8\"></span> 23. Instruments d\u00e9riv\u00e9s Le tableau suiv<span class=\"_ _1\"></span>ant pr\u00e9sente la valeur c<span class=\"_ _1\"></span>omptable des instruments d\u00e9riv\u00e9s :<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Instruments d\u00e9riv\u00e9s non d\u00e9sign\u00e9s comme ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Les entr<span class=\"_ _1\"></span>eprises de Cenergy Holdings ont d\u00e9cid\u00e9 au deuxi\u00e8me trimestr<span class=\"_ _1\"></span>e 2022 de commencer \u00e0 utiliser des s<span class=\"_ _1\"></span>waps de taux d'int\u00e9r\u00eat en \u00e9valuant les eff<span class=\"_ _1\"></span>ets possibles d'un resserr<span class=\"_ _1\"></span>ement de la politique mon\u00e9taire dans l'UE et aux \u00c9tats-Unis au cours du pr<span class=\"_ _1\"></span>emier semestre 2022 et en vue de c<span class=\"_ _1\"></span>ompenser l'impact potentiel sur les co\u00fbts financiers d\u00fb \u00e0 l'augmentation des taux d'int\u00e9r\u00eat. Les emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0 taux variable e<span class=\"_ _1\"></span>xposent les soci\u00e9t\u00e9s de Cenergy Holdings \u00e0 un risque de vola<span class=\"_ _1\"></span>tilit\u00e9 des taux (risque de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>). Afin de le couvrir<span class=\"_ _1\"></span>, des s<span class=\"_ _1\"></span>waps de taux d\u2019int\u00e9r\u00eat sont utilis\u00e9s pour transf<span class=\"_ _1\"></span>ormer efficacement le taux d\u2019int\u00e9r\u00eat variable du pr\u00eat en un taux fix<span class=\"_ _1\"></span>e, r\u00e9duisant ainsi ce risque de v<span class=\"_ _1\"></span>olatilit\u00e9. Les contr<span class=\"_ _1\"></span>ats de swap de taux d\u2019int\u00e9r\u00eat impliquent l\u2019\u00e9change<span class=\"_ _1\"></span>, \u00e0 des dates d\u00e9termin\u00e9es, de montants en esp\u00e8ces \u00e9gaux \u00e0 la diff\u00e9renc<span class=\"_ _1\"></span>e entre un taux d\u2019int\u00e9r\u00eat fix<span class=\"_ _1\"></span>e contract\u00e9 calcul\u00e9 sur un principal et un taux v<span class=\"_ _1\"></span>ariable calcul\u00e9 sur le m\u00eame<span class=\"_ _8\"></span> principal. En choisissant soigneusement le taux v<span class=\"_ _1\"></span>ariable et le principal du swap, on tr<span class=\"_ _1\"></span>ansforme en fait un emprunt \u00e0 taux variable en un emprunt \u00e0 taux fix<span class=\"_ _1\"></span>e. Au cours du pr<span class=\"_ _1\"></span>emier semestre 20<span class=\"_ _1\"></span>22, les deux segments ont conclu des accor<span class=\"_ _1\"></span>ds de swap d'une v<span class=\"_ _1\"></span>aleur nominale totale de 80 millions d'eur<span class=\"_ _1\"></span>os afin de compenser les co\u00fbts d'int\u00e9r\u00eat futurs potentiels plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s sur leurs pr\u00eats. T<span class=\"_ _0\"></span>ous ces s<span class=\"_ _1\"></span>waps ont une dur\u00e9e initiale de 7 ans. Ces actions sont conf<span class=\"_ _1\"></span>ormes \u00e0 la politique connex<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings visant \u00e0 s\u2019assur<span class=\"_ _1\"></span>er qu\u2019une partie de leurs emprunts et dettes financi\u00e8res soit \u00e0 taux fix<span class=\"_ _1\"></span>e. La juste v<span class=\"_ _1\"></span>aleur d'un swap de taux d'int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e en actualisant ses flux de tr\u00e9sorerie futurs \u00e0 l'aide de la structur<span class=\"_ _1\"></span>e \u00e0 terme des taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e et du risque de cr\u00e9dit inh\u00e9rent au contr<span class=\"_ _1\"></span>at de swap<span class=\"_ _1\"></span>, le cas \u00e9ch\u00e9ant. Les contrats de s<span class=\"_ _1\"></span>wap de taux d'int\u00e9r\u00eat sont conclus pour des p\u00e9riodes c<span class=\"_ _1\"></span>ompatibles<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec l'exposition des instruments de det<span class=\"_ _1\"></span>te sous-jacents, mais ne sont pas d\u00e9sign\u00e9s comme c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> flux de tr\u00e9sorerie puisque les c<span class=\"_ _1\"></span>onditions de calendrier et de montant impliqu\u00e9es dans les contrats de s<span class=\"_ _1\"></span>wap ne corr<span class=\"_ _1\"></span>espondent pas exact<span class=\"_ _1\"></span>ement \u00e0 celles des instruments de dette sous-jac<span class=\"_ _1\"></span>ents ; de ce fait, une r<span class=\"_ _1\"></span>elation de couv<span class=\"_ _1\"></span>erture telle que d\u00e9crite dans les IFRS n'es<span class=\"_ _1\"></span>t pas \u00e9tablie. Par cons\u00e9quent, l'\u00e9v<span class=\"_ _1\"></span>aluation de ces contr<span class=\"_ _1\"></span>ats de swap de taux d'int\u00e9r\u00eat est incluse dans l'\u00e9tat consolid\u00e9 des r\u00e9sulta<span class=\"_ _1\"></span>ts dans la ligne \u00ab Charges financi\u00e8res \u00bb. Comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tiennent des instruments financiers d\u00e9riv\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sorerie et de la jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les instruments financiers d\u00e9riv\u00e9s pr\u00e9cit\u00e9s c<span class=\"_ _1\"></span>ouvrent des risques d\u00e9coulant de c<span class=\"_ _1\"></span>e qui suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des cours des m\u00e9taux cot\u00e9 au LME. \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des taux de change.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance et la valeur nominale des ins<span class=\"_ _1\"></span>truments d\u00e9riv\u00e9s d\u00e9tenus par les soci\u00e9t\u00e9s de Cenergy Holdings corr<span class=\"_ _1\"></span>espondent, en principe, \u00e0 l\u2019\u00e9ch\u00e9ance et \u00e0 la v<span class=\"_ _1\"></span>aleur nominale des actifs et des passifs sous-jacents (les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts). Les instruments d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus par les soci\u00e9t\u00e9s de Cenergy Holdings conc<span class=\"_ _1\"></span>ernent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque li\u00e9 \u00e0 la v<span class=\"_ _1\"></span>ariation des cours des m\u00e9taux cot\u00e9s au LME (London Metal Ex<span class=\"_ _1\"></span>change) et utilis\u00e9s comme mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es par les soci\u00e9t\u00e9s de Cenergy Holdings dans le segment C\u00e2bles (principalement le cuivre et l\u2019<span class=\"_ _1\"></span>aluminium). Ces op\u00e9rations de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e sont r\u00e9pertori\u00e9es comme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats de change \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque d\u00e9coulant des fluctuations des taux de change du dollar am\u00e9ricain et de la livre s<span class=\"_ _1\"></span>terling (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les de<span class=\"_ _1\"></span>vises auxquelles les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings sont principalement expos\u00e9es<span class=\"_ _1\"></span>). Ces contr<span class=\"_ _1\"></span>ats sont r\u00e9pertori\u00e9s comme des instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur ou des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, selon l\u2019\u00e9l\u00e9ment sous-jacent. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les cr\u00e9ances clients et fournis<span class=\"_ _1\"></span>seurs libell\u00e9s en devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es, les contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sont r\u00e9pertori\u00e9s comme des ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les v<span class=\"_ _1\"></span>entes pr\u00e9vues de biens ou l\u2019achat de mat\u00e9riaux, les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme sont r\u00e9pertori\u00e9s c<span class=\"_ _1\"></span>omme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont c<span class=\"_ _1\"></span>omptabilis\u00e9s lorsque les soci\u00e9t\u00e9s de Cenergy Holdings concluent la tr<span class=\"_ _1\"></span>ansaction destin\u00e9e \u00e0 couvrir la jus<span class=\"_ _1\"></span>te valeur des cr\u00e9anc<span class=\"_ _1\"></span>es, dettes ou engagements (c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur), ou des transactions haut<span class=\"_ _1\"></span>ement probables (<span class=\"_ _1\"></span>couvertur<span class=\"_ _1\"></span>e des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es des flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La part effectiv<span class=\"_ _1\"></span>e des variations de la just<span class=\"_ _1\"></span>e valeur des instruments d\u00e9riv\u00e9s r\u00e9pert<span class=\"_ _1\"></span>ori\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie est comptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global, au poste \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture \u00bb. Le gain ou la pert<span class=\"_ _1\"></span>e de la part non effective es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat. Les montants comptabilis\u00e9s au pos<span class=\"_ _1\"></span>te \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s au compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 des p\u00e9riodes pendant lesquelles l\u2019\u00e9v\u00e9nement couv<span class=\"_ _1\"></span>ert se produit, c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire \u00e0 la dat<span class=\"_ _1\"></span>e de r\u00e9alisation de la transaction pr\u00e9vue qui constitue l\u2019<span class=\"_ _1\"></span>objet de la couv<span class=\"_ _1\"></span>erture ou quand l\u2019\u00e9l\u00e9ment c<span class=\"_ _1\"></span>ouvert affect<span class=\"_ _1\"></span>e le r\u00e9sultat (par ex<span class=\"_ _1\"></span>emple, dans le cas d\u2019une vent<span class=\"_ _1\"></span>e \u00e0 terme d\u2019aluminium, la r\u00e9serv<span class=\"_ _1\"></span>e est comptabilis\u00e9e au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 apr\u00e8s le r\u00e8glement en esp\u00e8ces net du contr<span class=\"_ _1\"></span>at \u00e0 terme et \u00e0 la dat<span class=\"_ _1\"></span>e de la vente de l\u2019<span class=\"_ _1\"></span>aluminium).<span class=\"_ _8\"></span> Lorsqu\u2019un \u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert est v<span class=\"_ _1\"></span>endu ou lorsque la quote-part de couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8r<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture<span class=\"_ _1\"></span>, la comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture est int<span class=\"_ _1\"></span>errompue anticipativ<span class=\"_ _1\"></span>ement, les montants imput\u00e9s<span class=\"_ _8\"></span> \u00e0 la \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont conserv\u00e9s en sous forme de r\u00e9serv<span class=\"_ _1\"></span>e et sont reclass\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 lorsque l\u2019<span class=\"_ _1\"></span>actif couvert impact<span class=\"_ _1\"></span>e le r\u00e9sultat. En cas de couvertur<span class=\"_ _1\"></span>e d'une transaction futur<span class=\"_ _1\"></span>e pr\u00e9vue qui ne<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s en r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> La variation de la jus<span class=\"_ _1\"></span>te valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les capitaux propres au titr<span class=\"_ _1\"></span>e de la couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 sera tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9e dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2023 et dans la partie \u00e0 long terme au cours de l'e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercice 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la dat<span class=\"_ _1\"></span>e d'\u00e9ch\u00e9ance des instruments d\u00e9riv\u00e9s utilis\u00e9s, lorsque les \u00e9v\u00e9nements couv<span class=\"_ _1\"></span>erts se produir<span class=\"_ _1\"></span>ont (les transactions pr\u00e9vues auront lieu ou les \u00e9l\u00e9ments c<span class=\"_ _1\"></span>ouverts aur<span class=\"_ _1\"></span>ont<span class=\"_ _8\"></span> une incidence sur le r\u00e9sultat. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 de la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au commencement (de mani\u00e8r<span class=\"_ _1\"></span>e prospectiv<span class=\"_ _1\"></span>e) en c<span class=\"_ _1\"></span>omparant les termes critiques de l\u2019ins<span class=\"_ _1\"></span>trument de couvertur<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ec les termes critiques<span class=\"_ _8\"></span> de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert et, par la suite, lors de chaque dat<span class=\"_ _1\"></span>e de reporting (de mani\u00e8r<span class=\"_ _1\"></span>e r\u00e9trospectiv<span class=\"_ _1\"></span>e), en appliquant, d\u2019une mani\u00e8re cumul\u00e9e<span class=\"_ _1\"></span>, la m\u00e9thode de la compensation en dollar<span class=\"_ _1\"></span>. Les r\u00e9sultats des activit\u00e9s de couv<span class=\"_ _1\"></span>erture des soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings figurant dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont pr\u00e9sent\u00e9s pour les contr<span class=\"_ _1\"></span>ats \u00e0 terme de m\u00e9tal et les contr<span class=\"_ _1\"></span>ats de change dans \u00ab Chiffre d\u2019<span class=\"_ _1\"></span>affaires \u00bb et \u00ab Co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb.<span class=\"_ _8\"></span> Les montants comptabilis\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont les suivants : <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats \u00e0 terme <span class=\"_ _223\"> </span>1.934 <span class=\"_ _bb\"> </span>(14.<span class=\"_ _1\"></span>166) Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme <span class=\"_ _13a\"> </span>7<span class=\"_ _0\"></span>.579 <span class=\"_ _180\"> </span>(189) T<span class=\"_ _0\"></span>otal <span class=\"_ _224\"> </span>12.881 <span class=\"_ _d0\"> </span>(14.355)L'\u00e9valuation des c<span class=\"_ _1\"></span>ontrats futurs utilis\u00e9s pour la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie et comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global (r\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e) au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 ser<span class=\"_ _1\"></span>a comptabilis\u00e9e en b\u00e9n\u00e9fices ou en pertes au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice financier suivant, alors que l'\u00e9v<span class=\"_ _1\"></span>aluation des contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sera comptabilis\u00e9e dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats en 2023 et 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la date d'\u00e9ch\u00e9anc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> instruments d\u00e9riv\u00e9s utilis\u00e9s. 26. DetteA. Aper\u00e7u  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Passifs non cour<span class=\"_ _1\"></span>ants <span class=\"_ _22c\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _151\"> </span>3.530 <span class=\"_ _d5\"> </span>5.791 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22d\"> </span>-  <span class=\"_ _145\"> </span>5.219 Emprunts obligataires gar<span class=\"_ _1\"></span>antis <span class=\"_ _1e2\"> </span>32.<span class=\"_ _1\"></span>427 <span class=\"_ _e9\"> </span>35.698 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22e\"> </span>91.204 <span class=\"_ _c3\"> </span>128.233 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - long t<span class=\"_ _1\"></span>erme <span class=\"_ _22f\"> </span>127<span class=\"_ _0\"></span>.161 <span class=\"_ _c3\"> </span>17<span class=\"_ _1\"></span>4.941</span> Obligations locativ<span class=\"_ _1\"></span>es - long terme <span class=\"_ _230\"> </span>2.233 <span class=\"_ _231\"> </span>2.080 T<span class=\"_ _0\"></span>otal dette \u00e0 long terme <span class=\"_ _232\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020 Passifs cour<span class=\"_ _1\"></span>ants <span class=\"_ _222\"> </span> <span class=\"_ _218\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _233\"> </span>8.454 <span class=\"_ _145\"> </span>5.47<span class=\"_ _1\"></span>0 Affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours <span class=\"_ _20c\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _8e\"> </span>36<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.567 <span class=\"_ _bb\"> </span>170<span class=\"_ _1\"></span>.796 Emprunts obligataires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>4.358 <span class=\"_ _186\"> </span>4.385 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _4c\"> </span>7<span class=\"_ _8\"></span>1.809 <span class=\"_ _b7\"> </span>18.326 Emprunts bancaires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _234\"> </span>2.651 <span class=\"_ _145\"> </span>3.058 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _14a\"> </span>5.27<span class=\"_ _1\"></span>3 <span class=\"_ _13f\"> </span>5.733 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _183\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4.7<span class=\"_ _0\"></span>49 <span class=\"_ _cd\"> </span>215.6<span class=\"_ _1\"></span>99</span> Obligations locativ<span class=\"_ _1\"></span>es - court terme <span class=\"_ _235\"> </span>1.224 <span class=\"_ _b6\"> </span>1.216 T<span class=\"_ _0\"></span>otal dette \u00e0 court terme <span class=\"_ _236\"> </span>47<span class=\"_ _1\"></span>5.972 <span class=\"_ _c3\"> </span>216.915 T<span class=\"_ _0\"></span>otal de la dette <span class=\"_ _237\"> </span>605.366 <span class=\"_ _10a\"> </span>393.935Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition au risque de taux d\u2019int\u00e9r\u00eat, de change et de liquidit\u00e9 des soci\u00e9t\u00e9s de Cenergy Holdings sont pr\u00e9sent\u00e9es \u00e0 la note 30<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les \u00e9ch\u00e9ances des emprunts non c<span class=\"_ _1\"></span>ourants sont les suiv<span class=\"_ _1\"></span>antes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Entre 1 et 2 ans <span class=\"_ _194\"> </span>30.6<span class=\"_ _1\"></span>73 <span class=\"_ _141\"> </span>78.<span class=\"_ _1\"></span>110 Entre 2 et 5 ans <span class=\"_ _238\"> </span>89.593 <span class=\"_ _d7\"> </span>71.193 Plus de 5 ans <span class=\"_ _239\"> </span>9.<span class=\"_ _1\"></span>128 <span class=\"_ _141\"> </span>27<span class=\"_ _0\"></span>.717 T<span class=\"_ _0\"></span>otal <span class=\"_ _da\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020Les taux d\u2019int\u00e9r\u00eat mo<span class=\"_ _1\"></span>yens pond\u00e9r\u00e9s effectifs des principales cat\u00e9gories d\u2019<span class=\"_ _1\"></span>emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res \u00e0 la date de cl\u00f4ture sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span>  <span class=\"_ _148\"> </span>31 d\u00e9cembre 2022 <span class=\"_ _ea\"> </span>31 d\u00e9cembre 2021 Montants en milliers d'euros <span class=\"_ _18f\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _53\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat <span class=\"_ _67\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _b1\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat Pr\u00eats bancaires (non c<span class=\"_ _1\"></span>ourants) - EUR <span class=\"_ _213\"> </span>3.530 <span class=\"_ _19f\"> </span>2,9 % <span class=\"_ _b7\"> </span>11.010 <span class=\"_ _14c\"> </span>2,8 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - EUR <span class=\"_ _be\"> </span>393.297 <span class=\"_ _1a9\"> </span>4,6 % <span class=\"_ _d0\"> </span>190.3<span class=\"_ _1\"></span>75 <span class=\"_ _14c\"> </span>3,4 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - GBP <span class=\"_ _1ae\"> </span>-  <span class=\"_ _b9\"> </span>-  <span class=\"_ _119\"> </span>1 <span class=\"_ _1d2\"> </span>3,0 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - R<span class=\"_ _1\"></span>ON <span class=\"_ _132\"> </span>5.285 <span class=\"_ _19f\"> </span>9,7 % <span class=\"_ _141\"> </span>2.613 <span class=\"_ _1dd\"> </span>3,8 % Emprunts obligataires - EUR <span class=\"_ _129\"> </span>199.<span class=\"_ _1\"></span>798 <span class=\"_ _19f\"> </span>4,7 % <span class=\"_ _143\"> </span>186.641 <span class=\"_ _14c\"> </span>3,8 %En 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont obtenu de nouv<span class=\"_ _1\"></span>eaux pr\u00eats bancaires, qui s\u2019\u00e9lev<span class=\"_ _1\"></span>aient \u00e0 245,6 millions d\u2019<span class=\"_ _1\"></span>euros et ont r<span class=\"_ _1\"></span>embours\u00e9 des pr\u00eats bancaires de 38,5 millions d\u2019<span class=\"_ _1\"></span>euros arriv<span class=\"_ _1\"></span>ant \u00e0 \u00e9ch\u00e9ance durant l\u2019<span class=\"_ _1\"></span>ann\u00e9e. Les nouveaux emprunts sont principalement : (a) les pr\u00e9l\u00e8v<span class=\"_ _1\"></span>ements de lignes de cr\u00e9dit renouv<span class=\"_ _1\"></span>elables exis<span class=\"_ _1\"></span>tantes et de nouvelles lignes de cr\u00e9dit a<span class=\"_ _1\"></span>yant des c<span class=\"_ _1\"></span>onditions similaires ; (b) les f<span class=\"_ _1\"></span>acilit\u00e9s de financement de projet, et (<span class=\"_ _1\"></span>c) quatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> nouveaux emprunts \u00e0 long t<span class=\"_ _1\"></span>erme, d\u00e9crits ci-dessous. Les emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res av<span class=\"_ _1\"></span>aient un taux d\u2019int\u00e9r\u00eat<span class=\"_ _8\"></span> effectif mo<span class=\"_ _1\"></span>yen de 4,<span class=\"_ _1\"></span>7 % (2021 : 3,6 %), \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> En 2022, le Gr<span class=\"_ _1\"></span>oupe a obtenu les pr\u00eats \u00e0 long terme suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span> Le segment C\u00e2bles a \u00e9mis tr<span class=\"_ _1\"></span>ois emprunts obligataires d\u2019une v<span class=\"_ _1\"></span>aleur totale de 27 millions d\u2019<span class=\"_ _1\"></span>euros c<span class=\"_ _1\"></span>omme suit:<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>F<span class=\"_ _1\"></span>ulgor a conclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une banque grecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e de 5 millions d'euros a<span class=\"_ _1\"></span>vec une dur\u00e9e initiale de 5 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire de 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir les besoins de d\u00e9penses en capital. \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un autre acc<span class=\"_ _1\"></span>ord av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e \u00e0 7 ans<span class=\"_ _8\"></span> de 15 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir un f<span class=\"_ _1\"></span>onds de roulement cons<span class=\"_ _1\"></span>tant.<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span>Le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a \u00e9mis un emprunt obligatair<span class=\"_ _1\"></span>e d'une valeur t<span class=\"_ _1\"></span>otale de 7 millions d\u2019eur<span class=\"_ _1\"></span>os :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire \u00e0 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros. T<span class=\"_ _0\"></span>ous les emprunts obligatair<span class=\"_ _1\"></span>es \u00e0 long terme ci-dessus sont enti\u00e8rement pr\u00e9le<span class=\"_ _1\"></span>v\u00e9s. En outre<span class=\"_ _1\"></span>, Fulgor a conv<span class=\"_ _1\"></span>enu av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque d'un pr\u00eat obligataire de 19 millions d'eur<span class=\"_ _1\"></span>os av<span class=\"_ _1\"></span>ec une<span class=\"_ _8\"></span> dur\u00e9e initiale de 7 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>. Le 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22, un montant \u00e9gal a \u00e9t\u00e9 re\u00e7u par la banque en tant que \u00ab financement interm\u00e9diair<span class=\"_ _1\"></span>e \u00bb et pr\u00e9sent\u00e9 en tant que pr\u00eat \u00e0 court terme<span class=\"_ _1\"></span>. L'accor<span class=\"_ _1\"></span>d de pr\u00eat<span class=\"_ _8\"></span> obligataire de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e sign\u00e9 au cours des premiers mois de 20<span class=\"_ _1\"></span>23, \u00e0 la fin des n\u00e9gociations pertinentes. Les facilit\u00e9s \u00e0 c<span class=\"_ _1\"></span>ourt terme sont principalement des facilit\u00e9s de cr\u00e9dit r<span class=\"_ _1\"></span>enouvelables, qui financent les besoins en fonds de r<span class=\"_ _1\"></span>oulement et des projets sp\u00e9cifiques en cours et nouv<span class=\"_ _1\"></span>eaux.<span class=\"_ _8\"></span> Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif \u00e0 court t<span class=\"_ _1\"></span>erme consolid\u00e9 de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9passait de 85,8 millions d\u2019<span class=\"_ _1\"></span>euros l\u2019actif \u00e0 c<span class=\"_ _1\"></span>ourt terme consolid\u00e9 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 38,2 millions d'euros<span class=\"_ _1\"></span>). N\u00e9anmoins, les filiales de Cenergy Holdings n\u2019<span class=\"_ _1\"></span>ont jamais connu dans le pass\u00e9 de pr<span class=\"_ _1\"></span>obl\u00e8mes de financement de leurs activit\u00e9s, de renouv<span class=\"_ _1\"></span>ellement de<span class=\"_ _8\"></span> leurs lignes couvr<span class=\"_ _1\"></span>ant les besoins en fonds de roulement ou de r<span class=\"_ _1\"></span>efinancement des emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0<span class=\"_ _8\"></span> long terme. La Dir<span class=\"_ _1\"></span>ection s'attend \u00e0 c<span class=\"_ _1\"></span>e que les remboursements obligatoir<span class=\"_ _1\"></span>es de facilit\u00e9s bancaires soient eff<span class=\"_ _1\"></span>ectu\u00e9s<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec des flux de tr\u00e9sorerie op\u00e9r<span class=\"_ _1\"></span>ationnels ou des lignes de cr\u00e9dit actuellement non utilis\u00e9es et confirm\u00e9es. En ce qui concerne le financ<span class=\"_ _1\"></span>ement d\u2019activit\u00e9s ax\u00e9es sur des pr<span class=\"_ _1\"></span>ojets, les filiales de Cenergy Holdings ont obtenu les f<span class=\"_ _1\"></span>onds<span class=\"_ _8\"></span> n\u00e9cessair<span class=\"_ _1\"></span>es par le biais de facilit\u00e9s de financement de pr<span class=\"_ _1\"></span>ojets.<span class=\"_ _8\"></span> Les hypoth\u00e8ques en f<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>eur des banques ont \u00e9t\u00e9 enregistr\u00e9es sur les biens immobiliers, les installations et les \u00e9quipements des filiales. La valeur c<span class=\"_ _1\"></span>omptable des actifs hypoth\u00e9qu\u00e9s est de 49 millions d\u2019<span class=\"_ _1\"></span>euros. Dans les contr<span class=\"_ _1\"></span>ats d\u2019<span class=\"_ _1\"></span>emprunts bancaires des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings, il existe des clauses de changement de contr\u00f4le qui acc<span class=\"_ _1\"></span>ordent aux pr\u00eateurs un dr<span class=\"_ _1\"></span>oit de remboursement anticip\u00e9. Aucun incident eu \u00e9gar<span class=\"_ _1\"></span>d \u00e0 un non-respect des conditions des emprunts souscrits par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ne s\u2019<span class=\"_ _1\"></span>est produit en 20<span class=\"_ _1\"></span>22.<span class=\"_ _8\"></span> B. Rapprochement des v<span class=\"_ _1\"></span>ariations des passifs et de flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s de financement  <span class=\"_ _4b\"> </span> <span class=\"_ _3b\"> </span>2022 <span class=\"_ _b3\"> </span> <span class=\"_ _108\"> </span> 2021 <span class=\"_ _f0\"> </span> <span class=\"_ _217\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d8\"> </span>Emprunts  et dettes financi\u00e8res  Obligations locatives   T<span class=\"_ _0\"></span>otal Emprunts et dettes  financi\u00e8res Obligationslocativ<span class=\"_ _1\"></span>es T<span class=\"_ _0\"></span>otal Solde au 1 janvier <span class=\"_ _f8\"> </span>390.640 <span class=\"_ _43\"> </span>3.296 <span class=\"_ _96\"> </span>393.935 <span class=\"_ _b2\"> </span>406.217 <span class=\"_ _44\"> </span>5.433 <span class=\"_ _b3\"> </span>411.650 V<span class=\"_ _1\"></span>ariations des flux de tr\u00e9sorerie  de financement <span class=\"_ _1a4\"> </span>  <span class=\"_ _a1\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _213\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _1cc\"> </span> <span class=\"_ _0\"></span><span class=\"ff19\"> </span> Produit des nouv<span class=\"_ _1\"></span>eaux emprunts <span class=\"_ _5e\"> </span>2<span class=\"_ _1\"></span>45.631 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">245.631</span> <span class=\"_ _1a5\"> </span>89.315 <span class=\"_ _18f\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">89<span class=\"_ _1\"></span>.315</span> Remboursement des emprunts <span class=\"_ _5e\"> </span>(38.533) <span class=\"_ _1f5\"> </span>-  <span class=\"_ _5f\"> </span><span class=\"ff18\">(38.533)</span> <span class=\"_ _67\"> </span>(108.104) <span class=\"_ _18f\"> </span>-  <span class=\"_ _20\"> </span><span class=\"ff18\">(108.104)</span> Principaux \u00e9l\u00e9ments des paiements  de location <span class=\"_ _136\"> </span>-  <span class=\"_ _1b0\"> </span>(1.299) <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.299)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _9d\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _96\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>47)</span> T<span class=\"_ _0\"></span>otal des variations des flux de  tr\u00e9sorerie de financement <span class=\"_ _110\"> </span>207<span class=\"_ _0\"></span>.098 <span class=\"_ _4f\"> </span>(1.299) <span class=\"_ _7d\"> </span>205.799 <span class=\"_ _44\"> </span>(18.789) <span class=\"_ _f4\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _a9\"> </span>(20.536) Autres v<span class=\"_ _1\"></span>ariations : <span class=\"_ _d0\"> </span> <span class=\"_ _4\"> </span>  <span class=\"_ _6a\"> </span>   Nouveaux c<span class=\"_ _1\"></span>ontrats de location <span class=\"_ _1ff\"> </span>-  <span class=\"_ _10e\"> </span>1.597 <span class=\"_ _a4\"> </span><span class=\"ff18\">1.597</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _33\"> </span>909 <span class=\"_ _ab\"> </span><span class=\"ff18\">909</span> Effet des v<span class=\"_ _1\"></span>ariations des taux de change 145 <span class=\"_ _4d\"> </span>25 <span class=\"_ _106\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>70</span><span class=\"wsa4\"> (75) <span class=\"_ _7\"></span>6 <span class=\"_ _23a\"></span><span class=\"ff18 ws1\">(70)</span></span> Co\u00fbts d'emprunt capitalis\u00e9s <span class=\"_ _cd\"> </span>344 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">344</span> <span class=\"_ _1a3\"> </span>522 <span class=\"_ _18f\"> </span>-  <span class=\"_ _44\"> </span><span class=\"ff18 ls55 ws67\">522</span> Charges d\u2019int\u00e9r\u00eat <span class=\"_ _125\"> </span>19.203 <span class=\"_ _1e\"> </span>226 <span class=\"_ _67\"> </span><span class=\"ff18\">19.429</span><span class=\"wsa5\"> <span class=\"_ _8\"></span>16.379 20<span class=\"_ _1\"></span>7 <span class=\"_ _23b\"></span><span class=\"ff18 ws1\">16.585</span></span> Int\u00e9r\u00eats vers\u00e9s <span class=\"_ _189\"> </span>(15.520) <span class=\"_ _10e\"> </span>(226) <span class=\"_ _96\"> </span><span class=\"ff18\">(15.7<span class=\"_ _0\"></span>46)<span class=\"ff19 wsa6\"> (14.288) (207) <span class=\"_ _23c\"></span><span class=\"ff18 ws1\">(14.495)</span></span></span> Cessations d'emploi <span class=\"_ _23d\"> </span>-  <span class=\"_ _7f\"> </span>(192) <span class=\"_ _34\"> </span><span class=\"ff18\">(192)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _b2\"> </span>(173) <span class=\"_ _21\"> </span><span class=\"ff18\">(173)</span> Modifications <span class=\"_ _1d9\"> </span>-  <span class=\"_ _3d\"> </span>31 <span class=\"_ _1d\"> </span><span class=\"ff18\">31</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _65\"> </span>-  <span class=\"_ _27\"> </span><span class=\"ff18\">- </span> Autre mouv<span class=\"_ _1\"></span>ement  <span class=\"_ _1df\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span> <span class=\"_ _1b3\"> </span>(459) <span class=\"_ _18f\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff18\">(459)</span> Reclassifications <span class=\"_ _195\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span><span class=\"wsa7\"> <span class=\"_ _85\"> </span>1.132 (1.<span class=\"_ _1\"></span>132) <span class=\"_ _ac\"> </span><span class=\"ff18 ws1\">- </span></span> <span class=\"_ _136\"> </span>4.172 <span class=\"_ _226\"> </span>1.460 <span class=\"_ _9\"> </span>5.632 <span class=\"_ _91\"> </span>3.212 <span class=\"_ _3\"> </span>(391) 2.821 Solde au 31 d\u00e9cembre <span class=\"_ _be\"> </span>601.909 <span class=\"_ _7f\"> </span>3.457 <span class=\"_ _7e\"> </span>605.366 <span class=\"_ _1da\"> </span>390.640 <span class=\"_ _44\"> </span>3.296 <span class=\"_ _28\"> </span>393.93527<span class=\"_ _3c\"></span>. Dettes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Fournisseurs <span class=\"_ _235\"> </span> <span class=\"_ _1ff\"> </span>282.855 <span class=\"_ _231\"> </span>169.388 Effets \u00e0 pay<span class=\"_ _1\"></span>er <span class=\"_ _23e\"> </span> <span class=\"_ _135\"> </span>216.958 <span class=\"_ _d7\"> </span>214.722 Contributions \u00e0 la s\u00e9curit\u00e9 sociale <span class=\"_ _23f\"> </span>11 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 Dettes fournis<span class=\"_ _1\"></span>seurs vis-\u00e0-vis des parties li\u00e9es <span class=\"_ _240\"> </span>35 <span class=\"_ _180\"> </span>11.57<span class=\"_ _1\"></span>8 <span class=\"_ _dc\"> </span>12.525 Cr\u00e9diteurs div<span class=\"_ _1\"></span>ers <span class=\"_ _241\"> </span> <span class=\"_ _128\"> </span>4.059 <span class=\"_ _e2\"> </span>2.932 Pro<span class=\"_ _1\"></span>visions <span class=\"_ _dd\"> </span> <span class=\"_ _17a\"> </span>25.7<span class=\"_ _1\"></span>31 <span class=\"_ _11c\"> </span>17<span class=\"_ _1\"></span>.990 Autres tax<span class=\"_ _1\"></span>es <span class=\"_ _8e\"> </span> <span class=\"_ _137\"> </span>4.611 <span class=\"_ _198\"> </span>2.699 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _bb\"> </span>549<span class=\"_ _1\"></span>.283 <span class=\"_ _db\"> </span>422.622Le post<span class=\"_ _1\"></span>e \u00ab effets \u00e0 pay<span class=\"_ _1\"></span>er\u00bb du tableau ci-dessus concerne des arr<span class=\"_ _1\"></span>angements de financement fournisseur li\u00e9s \u00e0 l'acha<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> de mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res primair<span class=\"_ _1\"></span>es, telles que le cuivre<span class=\"_ _1\"></span>, l'acier<span class=\"_ _1\"></span>, etc. dont les d\u00e9lais de paiement peuv<span class=\"_ _1\"></span>ent \u00eatre plus longs que d'habitude pour ce type de f<span class=\"_ _1\"></span>ournitures. 30. Ins<span class=\"_ _1\"></span>truments financiers<span class=\"_ _8\"></span> A. Classifications comptables et jus<span class=\"_ _1\"></span>tes valeurs Le tableau suiv<span class=\"_ _1\"></span>ant reprend les v<span class=\"_ _1\"></span>aleurs comptables des \u00e9l\u00e9ments d\u2019actifs et de pas<span class=\"_ _1\"></span>sifs financiers, ainsi que leur juste valeur<span class=\"_ _0\"></span>, y compris leur niveau dans la hi\u00e9r<span class=\"_ _1\"></span>archie de la just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. 31/12/2022 <span class=\"_ _246\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _119\"> </span>6.308 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _46\"> </span>6.308 <span class=\"_ _1d\"> </span><span class=\"ff18\">6.308</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _189\"> </span>16.6<span class=\"_ _1\"></span>12 <span class=\"_ _64\"> </span>463 <span class=\"_ _1b5\"> </span>16.149 <span class=\"_ _fa\"> </span>-  <span class=\"_ _1b3\"> </span><span class=\"ff18\">16.612</span>  <span class=\"_ _1e3\"> </span>22.920 <span class=\"_ _64\"> </span>463 <span class=\"_ _1cd\"> </span>16.149 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _46\"> </span>22.920 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _12b\"> </span>(10.<span class=\"_ _1\"></span>790) <span class=\"_ _93\"> </span>(956) <span class=\"_ _ab\"> </span>(9.833) <span class=\"_ _fe\"> </span>-  <span class=\"_ _ab\"> </span><span class=\"ff18\">(10.790)</span>  <span class=\"_ _95\"> </span>12.130 <span class=\"_ _41\"> </span>(493) <span class=\"_ _1ad\"> </span>6.315 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _3f\"> </span>12.<span class=\"_ _1\"></span>13031/12/2021 <span class=\"_ _247\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _1c8\"> </span>5.812 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _1e\"> </span>5.812 <span class=\"_ _65\"> </span><span class=\"ff18\">5.812</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _203\"> </span>1.480 <span class=\"_ _188\"> </span>- <span class=\"_ _1a8\"> </span>536 <span class=\"_ _10d\"> </span>944 <span class=\"_ _1a8\"> </span><span class=\"ff18\">1.480</span>  <span class=\"_ _1c9\"> </span>7<span class=\"_ _1\"></span>.293 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1d\"> </span>536 <span class=\"_ _1ad\"> </span>6.756 <span class=\"_ _5d\"> </span>7<span class=\"_ _1\"></span>.293 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _1c8\"> </span>(2.596) <span class=\"_ _33\"> </span>(1.199) <span class=\"_ _113\"> </span>(1.397) <span class=\"_ _fe\"> </span>- <span class=\"_ _1a5\"> </span><span class=\"ff18\">(2.596)</span>  <span class=\"_ _248\"> </span>4.697 <span class=\"_ _3e\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1ad\"> </span>(861) <span class=\"_ _1ad\"> </span>6.7<span class=\"_ _1\"></span>56 <span class=\"_ _1d\"> </span>4.697Les diff\u00e9r<span class=\"_ _1\"></span>ents niveaux sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 1 : Prix cot\u00e9s (non ajust\u00e9s<span class=\"_ _1\"></span>) sur un march\u00e9 actif<span class=\"_ _1\"></span>, pour des actifs et des passifs identiques ; \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 2 : Donn\u00e9es direct<span class=\"_ _1\"></span>ement ou indirectement observ<span class=\"_ _1\"></span>ables ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 3 : Donn\u00e9es non observables c<span class=\"_ _1\"></span>oncernant l'actif ou le passif<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs et passifs financiers suivants, mesur\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt amorti, est une appro<span class=\"_ _1\"></span>ximation de leur valeur c<span class=\"_ _1\"></span>omptable :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie ; \u2022 <span class=\"_ _20\"> </span>Det<span class=\"_ _1\"></span>tes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs ; \u2022 <span class=\"_ _20\"> </span>Emprunts et det<span class=\"_ _1\"></span>tes financi\u00e8res. De mani\u00e8re plus pr\u00e9cise<span class=\"_ _1\"></span>, la valeur comptable des emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme une<span class=\"_ _8\"></span> appro<span class=\"_ _1\"></span>ximation valable de leur jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>, \u00e9tant donn\u00e9 que :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>9<span class=\"_ _1\"></span>3,8 % des emprunts et dettes financi\u00e8res c<span class=\"_ _1\"></span>onsolid\u00e9s sont assortis d\u2019un taux variable qui est une tr\u00e8s bonne appro<span class=\"_ _1\"></span>ximation des taux cour<span class=\"_ _1\"></span>ants du march\u00e9 ; \u2022 <span class=\"_ _20\"> </span>En c<span class=\"_ _1\"></span>e qui concerne les instruments \u00e0 taux fix<span class=\"_ _1\"></span>e (36,8 millions d'euros au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), le crit\u00e8r<span class=\"_ _1\"></span>e de la<span class=\"_ _8\"></span> juste v<span class=\"_ _1\"></span>aleur fond\u00e9 sur les taux actuels du march\u00e9 indique que leur jus<span class=\"_ _1\"></span>te valeur a \u00e9t\u00e9 d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e \u00e0 38,2 millions<span class=\"_ _8\"></span> d'euros. Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre les soldes d'ouv<span class=\"_ _1\"></span>erture et de cl\u00f4tur<span class=\"_ _1\"></span>e des actifs financiers de<span class=\"_ _8\"></span> niveau 3, qui sont clas<span class=\"_ _1\"></span>s\u00e9s comme inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1ee\"> </span>5.812 <span class=\"_ _145\"> </span>5.657 V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812B. Mesure de la just<span class=\"_ _1\"></span>e valeur (a) T<span class=\"_ _0\"></span>echniques d'\u00e9valuation e<span class=\"_ _1\"></span>t donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui sont n\u00e9goci\u00e9s sur les march\u00e9s actifs (mar<span class=\"_ _1\"></span>ch\u00e9s boursiers) (par e<span class=\"_ _1\"></span>xemple, les instruments d\u00e9riv\u00e9s tels que les c<span class=\"_ _1\"></span>ontrats \u00e0 terme<span class=\"_ _1\"></span>, les actions, les obligations, les fonds communs de placement) est \u00e9tablie en fonction des prix publi\u00e9s (<span class=\"_ _1\"></span>donn\u00e9es d\u2019<span class=\"_ _1\"></span>entr\u00e9e de niveau 1) qui sont v<span class=\"_ _1\"></span>alides \u00e0 la date de cl\u00f4ture<span class=\"_ _1\"></span>. La juste valeur des actifs financiers es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e par leur cours v<span class=\"_ _1\"></span>endeur tandis que la juste valeur des pas<span class=\"_ _1\"></span>sifs financiers est<span class=\"_ _8\"></span> d\u00e9termin\u00e9e par leur cours achet<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui ne sont pas n\u00e9goci\u00e9s sur des march\u00e9s actifs est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e au moy<span class=\"_ _1\"></span>en de<span class=\"_ _8\"></span> techniques et de normes d'\u00e9v<span class=\"_ _1\"></span>aluation fond\u00e9es sur les donn\u00e9es du march\u00e9 \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. La juste v<span class=\"_ _1\"></span>aleur des passifs financiers, aux fins d'\u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9es dans les \u00e9tats financiers, est estim\u00e9e en fonction de la valeur actuelle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs d\u00e9coulant de contr<span class=\"_ _1\"></span>ats sp\u00e9cifiques, en utilisant le taux d'int\u00e9r\u00eat actuel disponible pour Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s pour des instruments de cr\u00e9dit financier similaires. Les donn\u00e9es qui ne r<span class=\"_ _1\"></span>espectent pas les crit\u00e8res r<span class=\"_ _1\"></span>espectifs et qui ne peuvent pas \u00eatr<span class=\"_ _1\"></span>e class\u00e9es au niveau 1, mais qui sont observables, dir<span class=\"_ _1\"></span>ectement ou indir<span class=\"_ _1\"></span>ectement, rel\u00e8v<span class=\"_ _1\"></span>ent du niveau 2. Les ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s n\u00e9goci\u00e9s<span class=\"_ _8\"></span> de gr\u00e9 \u00e0 gr\u00e9 \u00e9valu\u00e9s sur la base de c<span class=\"_ _1\"></span>ours obtenus de courtiers r<span class=\"_ _1\"></span>el\u00e8vent de ce m\u00eame niv<span class=\"_ _1\"></span>eau. Les actifs financiers, tels que les actions non c<span class=\"_ _1\"></span>ot\u00e9es ou les r\u00e9gimes d'options qui ne sont pas n\u00e9goci\u00e9s sur un<span class=\"_ _8\"></span> march\u00e9 actif dont la mesur<span class=\"_ _1\"></span>e est fond\u00e9e soit sur les pr\u00e9visions des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings pour la rentabilit\u00e9 future de l'\u00e9mett<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>, soit sur une autre m\u00e9thode lar<span class=\"_ _1\"></span>gement acceptable<span class=\"_ _1\"></span>, sont class\u00e9s au niveau 3. Le tableau ci-dessous montr<span class=\"_ _1\"></span>e les techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion employ\u00e9es pour l\u2019\u00e9valua<span class=\"_ _1\"></span>tion de la juste valeur<span class=\"_ _0\"></span>, ainsi que<span class=\"_ _8\"></span> les donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es utilis\u00e9es :  <span class=\"_ _1c6\"> </span> <span class=\"_ _9e\"> </span> T<span class=\"_ _1\"></span>ype <span class=\"_ _214\"> </span>T<span class=\"_ _0\"></span>echnique d'\u00e9valuation <span class=\"_ _1cf\"> </span>Donn\u00e9es non  observables significativ<span class=\"_ _1\"></span>es Interrela<span class=\"_ _1\"></span>tion entre les donn\u00e9esnon observables cl\u00e9s etl'\u00e9valuation de la just<span class=\"_ _1\"></span>e valeur Contra<span class=\"_ _1\"></span>ts de  <span class=\"_ _71\"> </span> change \u00e0  <span class=\"_ _1a8\"> </span> terme  <span class=\"_ _fa\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>T<span class=\"_ _0\"></span>echnique de comparaison du  <span class=\"ff17\">march\u00e9 : </span>Les justes valeurs sont  bas\u00e9es sur les cours obtenus aupr\u00e8s des courtiers. Des contrats similaires sont n\u00e9goci\u00e9s sur des march\u00e9s actifs et les cotations refl\u00e8tent les tr<span class=\"_ _1\"></span>ansactions d'instruments financiers similairesC<span class=\"_ _1\"></span>otations de courtier <span class=\"_ _5d\"> </span>Pas applicable Contra<span class=\"_ _1\"></span>ts de   <span class=\"_ _113\"> </span> swap de taux  <span class=\"_ _112\"> </span> d'int\u00e9r\u00eat <span class=\"_ _63\"> </span> <span class=\"_ _117\"> </span>Actualisation des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs \u00e0 l'aide des courbes de taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e  et du risque de cr\u00e9dit inh\u00e9rent au contrat Donn\u00e9es de risque de cr\u00e9dit Pas applicable Contra<span class=\"_ _1\"></span>ts \u00e0 terme  <span class=\"_ _a6\"> </span> - future <span class=\"_ _a1\"> </span>V<span class=\"_ _1\"></span>aleur du march\u00e9 <span class=\"ff19\">: Cours tel qu'il </span> est n\u00e9goci\u00e9 sur un march\u00e9 actif  Non applicable Non applicable T<span class=\"_ _1\"></span>itres de  <span class=\"_ _f7\"> </span> participations  <span class=\"_ _21\"> </span> non n\u00e9goci\u00e9s  <span class=\"_ _112\"> </span> sur des march\u00e9s  <span class=\"_ _f6\"> </span> actifs <span class=\"_ _147\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>M\u00e9thode de l\u2019actif ne<span class=\"_ _1\"></span>t ajust\u00e9 : Selon cett<span class=\"_ _1\"></span>e m\u00e9thode, le Groupe  ajuste la valeur c<span class=\"_ _1\"></span>omptable des  actifs et passifs d\u2019un placement,  si et quand c\u2019<span class=\"_ _1\"></span>est n\u00e9cessaire<span class=\"_ _1\"></span>, pour  arriver \u00e0 leur juste v<span class=\"_ _1\"></span>aleur de  march\u00e9 au moment de l\u2019\u00e9valuation Inv<span class=\"_ _1\"></span>estissement dans No<span class=\"_ _1\"></span>val  <span class=\"ff17\">Property : </span>Nov<span class=\"_ _1\"></span>al Property est   une soci\u00e9t\u00e9 immobili\u00e8re qui  suit un mod\u00e8le de juste valeur  pour \u00e9valuer ses actifs. P<span class=\"_ _1\"></span>ar  cons\u00e9quent, l'actif net est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une mesure fiable pour l'estimation de la juste valeur de l'inv<span class=\"_ _1\"></span>estissement La juste valeur estim\u00e9e augmenter<span class=\"_ _1\"></span>ait (diminuerait) en fonction de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers sous- jacents d\u00e9tenus(b) T<span class=\"_ _0\"></span>ransf<span class=\"_ _1\"></span>erts entre les niveaux 1 et 2 Il n\u2019y a pas eu de transf<span class=\"_ _1\"></span>erts du niveau 2 v<span class=\"_ _1\"></span>ers le niveau 1 ou du niv<span class=\"_ _1\"></span>eau 1 vers le niv<span class=\"_ _1\"></span>eau 2 en 2022 ni en 2021. C. Gestion du risque financier Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de cr\u00e9dit, de liquidit\u00e9 et de march\u00e9 d\u00e9c<span class=\"_ _1\"></span>oulant de<span class=\"_ _8\"></span> l\u2019utilisation de ses instruments financiers. La pr\u00e9sente not<span class=\"_ _1\"></span>e donne des informations sur leur e<span class=\"_ _1\"></span>xposition \u00e0 chacun des<span class=\"_ _8\"></span> risques ci-dessus, leurs objectifs, la politique et les pr<span class=\"_ _1\"></span>oc\u00e9dures en mati\u00e8r<span class=\"_ _1\"></span>e d\u2019estima<span class=\"_ _1\"></span>tion et de gestion des risques,<span class=\"_ _8\"></span> ainsi que la gestion du capital de Cener<span class=\"_ _1\"></span>gy Holdings (note 25). Des politiques de gestion des risques sont appliqu\u00e9es pour identifier et analyser les risques aux<span class=\"_ _1\"></span>quels Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings et ses entreprises sont c<span class=\"_ _1\"></span>onfront\u00e9s, d\u00e9finir des limites de prise de risques et appliquer des s<span class=\"_ _1\"></span>yst\u00e8mes de contr\u00f4le pertinents. Les politiques et les s<span class=\"_ _1\"></span>yst\u00e8mes pertinents en mati\u00e8r<span class=\"_ _1\"></span>e de gestion des risques sont ex<span class=\"_ _1\"></span>amin\u00e9s \u00e0<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>occasion afin de prendr<span class=\"_ _1\"></span>e en consid\u00e9r<span class=\"_ _1\"></span>ation toutes les v<span class=\"_ _1\"></span>ariations du march\u00e9 et des activit\u00e9s des soci\u00e9t\u00e9s. La mise en \u0153uvre des politiques et des pr<span class=\"_ _1\"></span>oc\u00e9dures de gestion des risques es<span class=\"_ _1\"></span>t surveill\u00e9e par la fonction de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> interne, qui eff<span class=\"_ _1\"></span>ectue des v\u00e9rifications r\u00e9currentes et non r\u00e9curr<span class=\"_ _1\"></span>entes, tandis que les r\u00e9sultats de ces v\u00e9rifica<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> sont notifi\u00e9s au conseil d'administr<span class=\"_ _1\"></span>ation. C.<span class=\"_ _1\"></span>1. Risque de cr\u00e9dit<span class=\"_ _8\"></span> Le risque de cr\u00e9dit est le risque de pert<span class=\"_ _1\"></span>e financi\u00e8re pour Cener<span class=\"_ _1\"></span>gy Holdings si un client ou une contrepartie \u00e0 un instrument financier ne r<span class=\"_ _1\"></span>especte pas ses obligations contr<span class=\"_ _1\"></span>actuelles et pro<span class=\"_ _1\"></span>vient principalement des cr\u00e9ances clients<span class=\"_ _8\"></span> et des actifs sur contr<span class=\"_ _1\"></span>ats et des d\u00e9p\u00f4ts aupr\u00e8s des banques.<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des actifs financiers repr\u00e9sente l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition maximale au risque de cr\u00e9dit.<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _54\"> </span>Note  <span class=\"_ _180\"> </span>2022 <span class=\"_ _121\"> </span>2021 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - courant <span class=\"_ _129\"> </span>15 <span class=\"_ _135\"> </span>192.769 <span class=\"_ _b7\"> </span>132.040 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - non courant <span class=\"_ _c3\"> </span>15 <span class=\"_ _11d\"> </span>1.227 <span class=\"_ _124\"> </span>1.177 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _1ce\"> </span>7<span class=\"_ _1\"></span>.D <span class=\"_ _db\"> </span>195.481 <span class=\"_ _11c\"> </span>98.217 Moins : <span class=\"_ _d8\"> </span>  <span class=\"_ _24a\"> </span>  <span class=\"_ _1bc\"> </span>  Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _24b\"> </span>15 <span class=\"_ _12e\"> </span>(3.17<span class=\"_ _1\"></span>8) <span class=\"_ _e2\"> </span>(624) Actifs d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _24c\"> </span>15 <span class=\"_ _be\"> </span>(11.610) <span class=\"_ _db\"> </span>(14.4<span class=\"_ _1\"></span>76) Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _162\"> </span>15 <span class=\"_ _18a\"> </span>(18.910) <span class=\"_ _128\"> </span>(4.716) Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _143\"> </span>355.778 <span class=\"_ _13f\"> </span>211.617 Inv<span class=\"_ _1\"></span>estissements en capitaux \u00e0 la juste v<span class=\"_ _1\"></span>aleur par  le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _e2\"> </span>22 <span class=\"_ _180\"> </span>6.308 <span class=\"_ _133\"> </span>5.812 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _24e\"> </span>16 <span class=\"_ _b7\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _170\"> </span>129.606 Instruments d\u00e9riv\u00e9s <span class=\"_ _e7\"> </span>23 <span class=\"_ _128\"> </span>16.612 <span class=\"_ _16b\"> </span>1.480 Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _10a\"> </span>190.0<span class=\"_ _1\"></span>79 <span class=\"_ _101\"> </span>136.899 T<span class=\"_ _0\"></span>otal g\u00e9n\u00e9ral <span class=\"_ _149\"> </span>  <span class=\"_ _d0\"> </span>545.857 <span class=\"_ _101\"> </span>348.516(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, la balance \u00e2g\u00e9e des cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs qui n'ont pas \u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9es \u00e9tait la suiv<span class=\"_ _1\"></span>ante :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Ni \u00e9chu ni douteux <span class=\"_ _16f\"> </span> 343.965 <span class=\"_ _192\"> </span>196.7<span class=\"_ _1\"></span>49 \u00c9chu <span class=\"_ _253\"> </span>  <span class=\"_ _167\"> </span>  - Jusqu'\u00e0 6 mois <span class=\"_ _254\"> </span> 10.800 <span class=\"_ _101\"> </span>13.687 - Plus de 6 mois <span class=\"_ _255\"> </span> 1.013 <span class=\"_ _132\"> </span>1.<span class=\"_ _1\"></span>182 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617La direction des filiales es<span class=\"_ _1\"></span>time que les montants dus jusqu\u2019\u00e0 6 mois et plus de 6 mois sont encore enti\u00e8r<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables, sur la base de l\u2019hist<span class=\"_ _1\"></span>orique des paiements et d\u2019une analyse approf<span class=\"_ _1\"></span>ondie du risque de cr\u00e9dit client, y<span class=\"_ _8\"></span> compris les notations de cr\u00e9dit sous-jac<span class=\"_ _1\"></span>entes, si celles-ci sont disponibles. Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, les cr\u00e9ances \u00e9chues mais non d\u00e9pr\u00e9ci\u00e9es c<span class=\"_ _1\"></span>oncernaient essentiellement les principaux groupes indus<span class=\"_ _1\"></span>triels, les principaux services publics et priv\u00e9s et les principaux re<span class=\"_ _1\"></span>vendeurs. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings assurent la majorit\u00e9 de leurs cr\u00e9anc<span class=\"_ _1\"></span>es contre le risque de d\u00e9f<span class=\"_ _1\"></span>aut. Au 31 d\u00e9cembre 2022, 85,9 % des soldes dus par les contr<span class=\"_ _1\"></span>eparties \u00e9taient assur\u00e9s. La variation de la d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion sur les cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et sur les actifs sur contrats se pr\u00e9sent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> comme suit :  <span class=\"_ _51\"> </span> <span class=\"_ _7\"></span>2022 <span class=\"_ _85\"> </span> <span class=\"_ _41\"> </span> 2021 <span class=\"_ _256\"> </span> <span class=\"_ _258\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _89\"> </span>Cr\u00e9ances clients et autres   d\u00e9biteurs  <span class=\"_ _5b\"> </span> Actifs sur <span class=\"_ _5b\"> </span> contrats <span class=\"_ _1da\"> </span>T<span class=\"_ _0\"></span>otal Cr\u00e9ances clients et autres   d\u00e9biteurs Actifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _112\"> </span>T<span class=\"_ _1\"></span>otal Solde au 1 janvier <span class=\"_ _259\"> </span>26.031 <span class=\"_ _1ad\"> </span>318 <span class=\"_ _7d\"> </span>26.349 <span class=\"_ _89\"> </span>24.390 <span class=\"_ _93\"> </span>143 <span class=\"_ _8d\"> </span>24.533 Perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e <span class=\"_ _213\"> </span>450 <span class=\"_ _1a8\"> </span>12 <span class=\"_ _25a\"> </span><span class=\"ff18 ls55 ws67\">463</span><span class=\"wsae\"> <span class=\"_ _53\"> </span>46 175 <span class=\"_ _31\"></span><span class=\"ff18 ws1\">220</span></span> Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _db\"> </span>(38) <span class=\"_ _113\"> </span>(127) <span class=\"_ _108\"> </span><span class=\"ff18\">(165)</span><span class=\"wsaf\"> <span class=\"_ _3a\"> </span>(168) - <span class=\"_ _25b\"></span><span class=\"ff18 ws1\">(168)</span></span> Reprise de / (perte de v<span class=\"_ _1\"></span>aleur)  sur les cr\u00e9ances et les actifs sur  contr<span class=\"_ _1\"></span>ats <span class=\"_ _1dc\"> </span>412 <span class=\"_ _1cd\"> </span>(115) <span class=\"_ _94\"> </span><span class=\"ff18 ls55 ws67\">297</span><span class=\"wsae\"> <span class=\"_ _6c\"> </span>(122) 175 <span class=\"ff18 ls92 ws61\">53</span></span> Radiations <span class=\"_ _256\"> </span>(153) <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">(153)</span><span class=\"wsaf\"> <span class=\"_ _2d\"> </span>(14) - <span class=\"_ _25d\"></span><span class=\"ff18 ws1\">(14)</span></span> Ecarts de change <span class=\"_ _203\"> </span>1.255 <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">1.255</span><span class=\"wsaf\"> <span class=\"_ _5\"> </span>1.<span class=\"_ _1\"></span>777 - <span class=\"_ _25e\"></span><span class=\"ff18 ws1\">1.777</span></span> Solde au 31 d\u00e9cembre <span class=\"_ _180\"> </span>27<span class=\"_ _1\"></span>.545 <span class=\"_ _93\"> </span>203 <span class=\"_ _ef\"> </span>27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48 <span class=\"_ _1a8\"> </span>26.031 <span class=\"_ _1a5\"> </span>318 <span class=\"_ _6e\"> </span>26.349La pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur les cr\u00e9ances clients et les actifs sur contr<span class=\"_ _1\"></span>ats est calcul\u00e9e \u00e0 titre individuel, lorsqu\u2019il exis<span class=\"_ _1\"></span>te un indice de d\u00e9pr\u00e9ciation. Pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrats sans indication de d\u00e9pr\u00e9ciation, les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues se fondent sur les donn\u00e9es historiques c<span class=\"_ _1\"></span>ombin\u00e9es aux projections concernant les f<span class=\"_ _1\"></span>acteurs macro\u00e9c<span class=\"_ _1\"></span>onomiques qui influent sur le risque de cr\u00e9dit, notamment le risque pays et les risques li\u00e9s aux secteurs d\u2019<span class=\"_ _1\"></span>activit\u00e9 des clients. La hausse de l\u2019inflation et des taux d\u2019int\u00e9r\u00eat a \u00e9galement \u00e9t\u00e9 prise en<span class=\"_ _8\"></span> compte dans le calcul des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e en cours, sans impact significatif sur la perte de valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e.<span class=\"_ _8\"></span> Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842(b) T<span class=\"_ _0\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s d\u00e9tenaient des liquidit\u00e9s et des \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie de 167<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>160 milliers d\u2019eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. La tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie sont d\u00e9tenus aupr\u00e8s de banques et d\u2019ins<span class=\"_ _1\"></span>titutions<span class=\"_ _8\"></span> financi\u00e8res not\u00e9es de AA<span class=\"_ _1\"></span>- \u00e0 B par l\u2019agenc<span class=\"_ _1\"></span>e Fitch. C.2. Risque de liquidit\u00e9 Le risque de liquidit\u00e9 corr<span class=\"_ _1\"></span>espond au risque que Cenergy Holdings et ses soci\u00e9t\u00e9s \u00e9pr<span class=\"_ _1\"></span>ouvent des difficult\u00e9s \u00e0 r<span class=\"_ _1\"></span>emplir<span class=\"_ _8\"></span> les obligations associ\u00e9es \u00e0 leurs dett<span class=\"_ _1\"></span>es financi\u00e8res qui sont \u00e0 r\u00e9gler par le transf<span class=\"_ _1\"></span>ert de liquidit\u00e9s ou d\u2019un autre actif financier<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>\u2019appr<span class=\"_ _1\"></span>oche adopt\u00e9e afin de g\u00e9rer les liquidit\u00e9s consis<span class=\"_ _1\"></span>te \u00e0 s\u2019assur<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>, autant que possible, qu\u2019<span class=\"_ _1\"></span>elles disposeront de suffisamment de liquidit\u00e9s pour r\u00e9pondr<span class=\"_ _1\"></span>e \u00e0 leurs obligations lorsque celles-ci sont dues, dans des conditions normales, mais aussi dans des c<span class=\"_ _1\"></span>onditions de tensions, sans encourir de pertes inac<span class=\"_ _1\"></span>ceptables ou de risquer de porter att<span class=\"_ _1\"></span>einte \u00e0 leur r\u00e9putation. Afin d\u2019\u00e9vit<span class=\"_ _1\"></span>er les risques de liquidit\u00e9, Cenergy Holdings et ses soci\u00e9t\u00e9s pr<span class=\"_ _1\"></span>oc\u00e8dent \u00e0 une estimation des flux de tr\u00e9sorerie pr\u00e9vus pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e suivante lorsqu\u2019<span class=\"_ _1\"></span>elles pr\u00e9par<span class=\"_ _1\"></span>ent le budget annuel. En outre, elles suiv<span class=\"_ _1\"></span>ent les pr\u00e9visions<span class=\"_ _8\"></span> en glissement mensuel conc<span class=\"_ _1\"></span>ernant les flux de tr\u00e9sorerie du trimestr<span class=\"_ _1\"></span>e suivant, afin de s\u2019as<span class=\"_ _1\"></span>surer de disposer de suffisamment de liquidit\u00e9 pour r\u00e9pondre aux besoins op\u00e9r<span class=\"_ _1\"></span>ationnels, y compris pour couvrir leurs obliga<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> financi\u00e8res. C<span class=\"_ _1\"></span>ette politique ne tient pas compte de l\u2019impact pot<span class=\"_ _1\"></span>entiel de circons<span class=\"_ _1\"></span>tances extr\u00eames impr\u00e9visibles. Steelmet S.A., une soci\u00e9t\u00e9 affili\u00e9e, surv<span class=\"_ _1\"></span>eille les besoins en liquidit\u00e9s des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings et convient de mani\u00e8re c<span class=\"_ _1\"></span>entralis\u00e9e des conditions de financ<span class=\"_ _1\"></span>ement avec les \u00e9tablis<span class=\"_ _1\"></span>sements de cr\u00e9dit en Gr\u00e8ce et dans d\u2019autr<span class=\"_ _1\"></span>es pays.Exposition au risque de liquidit\u00e9 Les passifs financiers et les instruments d\u00e9riv\u00e9s bas\u00e9s sur des \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es contractuelles sont v<span class=\"_ _1\"></span>entil\u00e9s comme suit :31/12/2022 <span class=\"_ _154\"> </span>Flux de tr\u00e9sorerie contr<span class=\"_ _1\"></span>actuels <span class=\"_ _104\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0  1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _0\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>402.<span class=\"_ _1\"></span>112<span class=\"ff19 wsb1\"> 402.691 <span class=\"_ _ac\"> </span>531 <span class=\"_ _6a\"> </span>956 <span class=\"_ _226\"> </span>26 <span class=\"_ _260\"></span><span class=\"ff18 ws60\">404.204</span></span> Obligations \u00e9mises <span class=\"_ _167\"> </span>199.<span class=\"_ _1\"></span>798<span class=\"ff19 wsb2\"> <span class=\"_ _fc\"> </span>80.891 <span class=\"_ _2b\"> </span>32.778 <span class=\"_ _4\"> </span>93.610 9.<span class=\"_ _1\"></span>487 <span class=\"_ _18\"></span><span class=\"ff18 ws60\">216.<span class=\"_ _1\"></span>766</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _259\"> </span><span class=\"ff18 ws60\">3.457</span><span class=\"wsb3\"> <span class=\"_ _2\"> </span>1.625 <span class=\"_ _5\"> </span>796 1.<span class=\"_ _1\"></span>126 <span class=\"_ _8a\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">3.547</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _242\"> </span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span><span class=\"wsb5\"> 10.7<span class=\"_ _1\"></span>90 <span class=\"_ _f6\"> </span>- <span class=\"_ _85\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span></span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _9d\"> </span><span class=\"ff18 ws60\">541.181</span><span class=\"wsb6\"> 54<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>181 <span class=\"_ _b3\"> </span>- <span class=\"_ _a8\"> </span>- <span class=\"_ _fc\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 ws60\">541.<span class=\"_ _1\"></span>181</span></span>  <span class=\"_ _217\"> </span>1.<span class=\"_ _1\"></span>157<span class=\"_ _0\"></span>.337 <span class=\"_ _1d7\"> </span>1.03<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>178 <span class=\"_ _a4\"> </span>34.<span class=\"_ _1\"></span>104 <span class=\"_ _1b0\"> </span>95.693 <span class=\"_ _21\"> </span>9.512 <span class=\"_ _ec\"> </span>1.17<span class=\"_ _1\"></span>6.48731/12/2021 <span class=\"_ _d1\"> </span>Flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels <span class=\"_ _58\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0 1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _1\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>203.998<span class=\"ff19 wsb8\"> 19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.271 <span class=\"_ _106\"> </span>9.057 3.269 <span class=\"_ _24\"> </span>128 <span class=\"_ _23c\"></span><span class=\"ff18 ws60\">209.7<span class=\"_ _1\"></span>25</span></span> Obligations \u00e9mises <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">186.641</span><span class=\"wsb9\"> <span class=\"_ _2c\"> </span>28.065 <span class=\"_ _fc\"> </span>75.683 <span class=\"_ _3\"> </span>76.230 28.4<span class=\"_ _1\"></span>13 <span class=\"_ _2f\"></span><span class=\"ff18 ws60\">208.391</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">3.296</span><span class=\"wsba\"> <span class=\"_ _26\"> </span>1.665 1.046 <span class=\"_ _3b\"> </span>756 <span class=\"_ _52\"> </span>- <span class=\"_ _19\"></span><span class=\"ff18 ws60\">3.467</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _ea\"> </span><span class=\"ff18 ws60\">2.596</span><span class=\"wsbb\"> 2.596 <span class=\"_ _29\"> </span>- <span class=\"_ _97\"> </span>- <span class=\"_ _8a\"> </span>- <span class=\"_ _262\"></span><span class=\"ff18 ws60\">2.596<span class=\"ff19 ls6 ws1\"> </span></span></span>Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _1d7\"> </span>417<span class=\"_ _0\"></span>.557<span class=\"ff19 wsbc\"> 417<span class=\"_ _0\"></span>.557 <span class=\"_ _53\"> </span>- <span class=\"_ _f6\"> </span>- <span class=\"_ _a7\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">417<span class=\"_ _0\"></span>.557</span></span>  <span class=\"_ _45\"> </span>814.089 <span class=\"_ _4f\"> </span>647<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>154 <span class=\"_ _a4\"> </span>85.7<span class=\"_ _1\"></span>85 <span class=\"_ _1b0\"> </span>80.256 <span class=\"_ _96\"> </span>28.542 <span class=\"_ _69\"> </span>84<span class=\"_ _1\"></span>1.736Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont des emprunts qui contiennent des clauses non financi\u00e8res. En cas de manquement \u00e0 l\u2019une de ces clauses, les soci\u00e9t\u00e9s conc<span class=\"_ _1\"></span>ern\u00e9es doivent r<span class=\"_ _1\"></span>embourser les emprunts de mani\u00e8re anticip\u00e9e par rapport aux \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es indiqu\u00e9es dans le tableau ci-dessus. En vertu des ac<span class=\"_ _1\"></span>cords des emprunts e<span class=\"_ _1\"></span>xistants, les engagements sont contr\u00f4l\u00e9s et communiqu\u00e9s r\u00e9guli\u00e8r<span class=\"_ _1\"></span>ement \u00e0 la direction afin d\u2019<span class=\"_ _1\"></span>assurer leur c<span class=\"_ _1\"></span>onformit\u00e9. \u00c0 l\u2019heure actuelle, il n\u2019<span class=\"_ _1\"></span>exis<span class=\"_ _1\"></span>te pas de clauses non financi\u00e8res (par e<span class=\"_ _1\"></span>xemple r<span class=\"_ _1\"></span>elatives \u00e0 c<span class=\"_ _1\"></span>ertains niveaux de r<span class=\"_ _1\"></span>atios financiers) dans les emprunts exis<span class=\"_ _1\"></span>tants.<span class=\"_ _8\"></span> C.3. Risque du march\u00e9 Le risque du mar<span class=\"_ _1\"></span>ch\u00e9 est le risque que des fluctuations des cours des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8res, des taux de change et des taux d\u2019int\u00e9r\u00eat auront un impact sur les r\u00e9sultats de C<span class=\"_ _1\"></span>energy Holdings et de ses soci\u00e9t\u00e9s ou sur la v<span class=\"_ _1\"></span>aleur de leurs<span class=\"_ _8\"></span> instruments financiers. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings utilisent des instruments d\u00e9riv\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er ce risque. En r\u00e8gle g\u00e9n\u00e9rale<span class=\"_ _1\"></span>, elles s\u2019eff<span class=\"_ _1\"></span>orcent d\u2019<span class=\"_ _1\"></span>appliquer une comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture afin de g\u00e9r<span class=\"_ _1\"></span>er la volatilit\u00e9 du r\u00e9sultat. (a) Risque de change : Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de change d\u00e9coulant des v<span class=\"_ _1\"></span>entes et achats r\u00e9alis\u00e9s, ainsi que des emprunts libell\u00e9s dans une monnaie autre que la monnaie f<span class=\"_ _1\"></span>onctionnelle de Cenergy Holdings et de ses soci\u00e9t\u00e9s, qui est essentiellement l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o. Les monnaies les plus importantes dans lesquelles c<span class=\"_ _1\"></span>es transactions sont effectu\u00e9es sont l\u2019<span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>, le dollar am\u00e9ricain et la livre st<span class=\"_ _1\"></span>erling.<span class=\"_ _8\"></span> \u00c0 terme, les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings couvr<span class=\"_ _1\"></span>ent la majeure partie de leur e<span class=\"_ _1\"></span>xposition aux devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es li\u00e9es aux vent<span class=\"_ _1\"></span>es et achats pr\u00e9vus, ainsi qu\u2019aux cr\u00e9ances et engagements en de<span class=\"_ _1\"></span>vise \u00e9trang\u00e8r<span class=\"_ _1\"></span>e. Les principaux instruments utilis\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er le risque de change sont des contrats \u00e0 t<span class=\"_ _1\"></span>erme, conclus av<span class=\"_ _1\"></span>ec des contr<span class=\"_ _1\"></span>eparties<span class=\"_ _8\"></span> ext<span class=\"_ _1\"></span>ernes et expir<span class=\"_ _1\"></span>ant dans un d\u00e9lai inf\u00e9rieur \u00e0 un an \u00e0 compter de la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Lorsque cela es<span class=\"_ _1\"></span>t jug\u00e9 n\u00e9cessair<span class=\"_ _1\"></span>e,<span class=\"_ _8\"></span> ces contr<span class=\"_ _1\"></span>ats sont renouv<span class=\"_ _1\"></span>el\u00e9s \u00e0 l'\u00e9ch\u00e9ance.  L<span class=\"_ _1\"></span>e risque de change peut \u00e9galement \u00eatre couv<span class=\"_ _1\"></span>ert \u00ab naturellement \u00bb en contr<span class=\"_ _1\"></span>actant des emprunts dans les devises r<span class=\"_ _1\"></span>espectives si les int\u00e9r\u00eats des emprunts sont libell\u00e9s dans la m\u00eame devise que celle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie pro<span class=\"_ _1\"></span>venant des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Les inv<span class=\"_ _1\"></span>estissements que C<span class=\"_ _1\"></span>energy Holdings et ses soci\u00e9t\u00e9s r\u00e9alisent dans leurs filiales ne sont pas couv<span class=\"_ _1\"></span>erts, car ces positions de change sont consid\u00e9r\u00e9es comme \u00e9tant prises \u00e0 long t<span class=\"_ _1\"></span>erme et sont principalement en euros. 31/12/2022 <span class=\"_ _7c\"> </span> <span class=\"_ _147\"> </span> <span class=\"_ _fa\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _41\"> </span>27<span class=\"_ _0\"></span>.997 <span class=\"_ _94\"> </span>10.423 <span class=\"_ _34\"> </span>18.591 <span class=\"_ _1d\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18 lsf8 wsbd\">5<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>2</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _19e\"> </span>9.653 <span class=\"_ _63\"> </span>13 <span class=\"_ _19e\"> </span>364 <span class=\"_ _1cc\"> </span>1 <span class=\"_ _b1\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>0.031</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _1ad\"> </span>(1.<span class=\"_ _1\"></span>119) <span class=\"_ _9b\"> </span>(3.892) <span class=\"_ _108\"> </span>(5.285) <span class=\"_ _1d\"> </span>- <span class=\"_ _a6\"> </span><span class=\"ff18\">(10.296)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _1da\"> </span>(98.277) <span class=\"_ _b2\"> </span>(1.<span class=\"_ _1\"></span>048) <span class=\"_ _80\"> </span>(19.664) <span class=\"_ _1d\"> </span>- <span class=\"_ _a9\"> </span><span class=\"ff18\">(118.989)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _9b\"> </span>(41.<span class=\"_ _1\"></span>082) <span class=\"_ _210\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _38\"></span>(66) <span class=\"_ _3f\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff18\">(41.<span class=\"_ _1\"></span>148)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _21\"> </span>(67<span class=\"_ _1\"></span>.650) <span class=\"_ _1cd\"> </span>5.497 <span class=\"_ _1f\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _8b\"> </span>(68.213) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(121.<span class=\"_ _1\"></span>779) <span class=\"_ _55\"> </span>(18.914) <span class=\"_ _5c\"> </span>- <span class=\"_ _1d\"> </span>- <span class=\"_ _a7\"> </span><span class=\"ff18\">(140.69<span class=\"_ _1\"></span>2)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _b1\"> </span>(189.429) <span class=\"_ _21\"> </span>(13.417) <span class=\"_ _a3\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _6a\"> </span>(208.905) 31/12/2021 <span class=\"_ _9a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _fe\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _1b1\"> </span>10.028 <span class=\"_ _93\"> </span>7<span class=\"_ _1\"></span>.562 <span class=\"_ _44\"> </span>16.638 <span class=\"_ _94\"> </span>643 <span class=\"_ _68\"> </span><span class=\"ff18\">34.871</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _1ad\"> </span>4.934 <span class=\"_ _5e\"> </span>2.<span class=\"_ _1\"></span>156 <span class=\"_ _1ad\"> </span>420 <span class=\"_ _1d\"> </span>1 <span class=\"_ _b2\"> </span><span class=\"ff18\">7<span class=\"_ _1\"></span>.511</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _10e\"> </span>(4.331) <span class=\"_ _210\"> </span>-  <span class=\"_ _86\"> </span>(2.613) <span class=\"_ _1d\"> </span>-  <span class=\"_ _6d\"> </span><span class=\"ff18\">(6.944)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _265\"> </span>(21.230) <span class=\"_ _a4\"> </span>(1.825) <span class=\"_ _f4\"> </span>(14.<span class=\"_ _1\"></span>162) <span class=\"_ _1d\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.217)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _fe\"> </span>-  <span class=\"_ _19f\"> </span>-  <span class=\"_ _1b5\"> </span>(23) <span class=\"_ _68\"> </span>(4.811) <span class=\"_ _35\"> </span><span class=\"ff18\">(4.834)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _1da\"> </span>(10.5<span class=\"_ _1\"></span>99) <span class=\"_ _93\"> </span>7<span class=\"_ _0\"></span>.893 <span class=\"_ _1ad\"> </span>260 <span class=\"_ _90\"> </span>(4.168) <span class=\"_ _96\"> </span>(6.613) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(39.692) <span class=\"_ _62\"> </span>(21.049) <span class=\"_ _5c\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff18 ls11 ws5b\">(<span class=\"_ _8\"></span>60.7<span class=\"_ _1\"></span>41<span class=\"_ _8\"></span>)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _f4\"> </span>(50.290) <span class=\"_ _1b0\"> </span>(13.156) <span class=\"_ _46\"> </span>260 <span class=\"_ _53\"> </span>(4.<span class=\"_ _1\"></span>168) <span class=\"_ _a6\"> </span>(6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.354)Les taux de change appliqu\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e ont \u00e9t\u00e9 les suivants : <span class=\"_ _126\"> </span>T<span class=\"_ _0\"></span>aux de change moy<span class=\"_ _1\"></span>en <span class=\"_ _19e\"> </span>T<span class=\"_ _0\"></span>aux spot de fin d'ann\u00e9e <span class=\"_ _1f3\"> </span>2022 <span class=\"_ _4\"> </span>2021 <span class=\"_ _20\"> </span>2022 2021 USD <span class=\"_ _266\"> </span>1,0530 <span class=\"_ _65\"> </span>1,182<span class=\"_ _1\"></span>7 <span class=\"_ _63\"> </span>1,0666 <span class=\"_ _3f\"> </span>1,<span class=\"_ _1\"></span>1326 GBP <span class=\"_ _22e\"> </span>0<span class=\"_ _1\"></span>,8528 <span class=\"_ _27\"> </span>0,8596 <span class=\"_ _1a3\"> </span>0,8869 <span class=\"_ _93\"> </span>0,8403 RO\u039d <span class=\"_ _267\"> </span>4,9313 <span class=\"_ _4e\"> </span>4,9208 <span class=\"_ _18f\"> </span>4,947<span class=\"_ _0\"></span>4 <span class=\"_ _1ad\"> </span>4,9481Un renf<span class=\"_ _1\"></span>orcement (aff<span class=\"_ _1\"></span>aiblissement) raisonnablement possible de l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o, du dollar am\u00e9ricain, de la livre s<span class=\"_ _1\"></span>terling ou<span class=\"_ _8\"></span> du leu roumain par r<span class=\"_ _1\"></span>apport aux autres de<span class=\"_ _1\"></span>vises au 31 d\u00e9cembre aur<span class=\"_ _1\"></span>ait affect\u00e9 l\u2019\u00e9valua<span class=\"_ _1\"></span>tion des instruments financiers<span class=\"_ _8\"></span> libell\u00e9s en une devise \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re et affect\u00e9 les capitaux pr<span class=\"_ _1\"></span>opres et le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat pour les montants pr\u00e9sent\u00e9s dans le tableau ci-dessous. Cett<span class=\"_ _1\"></span>e analyse part de l\u2019hypoth\u00e8se que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es. Elle fait \u00e9galement abstraction de l\u2019impact des v<span class=\"_ _1\"></span>entes et achats pr\u00e9vus.  <span class=\"_ _177\"> </span>Compt<span class=\"_ _1\"></span>e de r\u00e9sultat <span class=\"_ _1a8\"> </span>Capitaux propr<span class=\"_ _1\"></span>es, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _203\"> </span>Renforc<span class=\"_ _1\"></span>ement <span class=\"_ _6a\"> </span>Affaiblissement <span class=\"_ _a9\"> </span>Renf<span class=\"_ _1\"></span>orcement <span class=\"_ _2d\"> </span>Affaiblissement <span class=\"_ _268\"></span>2022 <span class=\"_ _269\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1d3\"> </span>6.250 <span class=\"_ _25f\"> </span>(7<span class=\"_ _1\"></span>.639) <span class=\"_ _3d\"> </span>17<span class=\"_ _1\"></span>.221 <span class=\"_ _10e\"> </span>(21.048) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.220 <span class=\"_ _89\"> </span>(1.491) <span class=\"_ _5b\"> </span>1.220 <span class=\"_ _1e\"> </span>(1.491) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _be\"> </span>551 <span class=\"_ _f7\"> </span>(6<span class=\"_ _1\"></span>73) <span class=\"_ _188\"> </span>551 <span class=\"_ _3d\"> </span>(67<span class=\"_ _1\"></span>3) <span class=\"_ _268\"></span>2021 <span class=\"_ _26a\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.230 <span class=\"_ _1b3\"> </span>(1.504) <span class=\"_ _5d\"> </span>4.566 <span class=\"_ _1cb\"> </span>(5.580) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _192\"> </span>1.186 <span class=\"_ _25f\"> </span>(1.450) <span class=\"_ _63\"> </span>1.186 <span class=\"_ _1ad\"> </span>(1.450) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _bb\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _fe\"> </span>29 <span class=\"_ _5c\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _1cf\"> </span>29(b) Ris<span class=\"_ _1\"></span>que de taux d'int\u00e9r\u00eat :<span class=\"_ _8\"></span> Exposition au risque de taux d'int\u00e9r\u00eat L<span class=\"_ _1\"></span>\u2019ann\u00e9e 2022 a mar<span class=\"_ _1\"></span>qu\u00e9 la fin d\u2019une p\u00e9riode prolong\u00e9e de faible taux d\u2019int\u00e9r\u00eat, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ay<span class=\"_ _1\"></span>ant envir<span class=\"_ _1\"></span>on 19 % de leurs obligations de dettes \u00e0 taux fix<span class=\"_ _1\"></span>e. Ceci a \u00e9t\u00e9 r\u00e9alis\u00e9 en concluant des instruments \u00e0 taux fix<span class=\"_ _1\"></span>e ou en couvrant leurs emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable par des contrats de s<span class=\"_ _1\"></span>wap de taux d\u2019int\u00e9r\u00eat. Le pr<span class=\"_ _1\"></span>ofil de taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat relatif aux ins<span class=\"_ _1\"></span>truments financiers portant int\u00e9r\u00eat d\u00e9tenus par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings se pr\u00e9sente<span class=\"_ _8\"></span> comme suit : <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _232\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e <span class=\"_ _17d\"> </span>  Passifs financiers <span class=\"_ _26b\"> </span>37<span class=\"_ _0\"></span>.601 <span class=\"_ _c0\"> </span>40.57<span class=\"_ _0\"></span>4 Instruments \u00e0 taux variable <span class=\"_ _16f\"> </span>  <span class=\"_ _167\"> </span>  Passifs financiers <span class=\"_ _26c\"> </span>567<span class=\"_ _0\"></span>.765 <span class=\"_ _143\"> </span>353.362 Swaps de taux d'int\u00e9r\u00eat (v<span class=\"_ _1\"></span>aleur nominale) <span class=\"_ _244\"> </span>(80<span class=\"_ _1\"></span>.000) <span class=\"_ _c8\"> </span>- Exposition nette \u00e0 des instruments \u00e0 taux v<span class=\"_ _1\"></span>ariable <span class=\"_ _185\"> </span>487<span class=\"_ _0\"></span>.765 <span class=\"_ _10a\"> </span>353.362Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Le Gr<span class=\"_ _1\"></span>oupe ne comptabilise aucun actif ou passif financier \u00e0 taux fix<span class=\"_ _1\"></span>e \u00e0 sa juste valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Par cons\u00e9quent, une v<span class=\"_ _1\"></span>ariation des taux d\u2019int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e n\u2019aur<span class=\"_ _1\"></span>ait pas d\u2019incidence sur le r\u00e9sultat ou les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Analyse de sensibilit\u00e9 des flux de tr\u00e9s<span class=\"_ _1\"></span>orerie pour les instruments \u00e0 taux variable Une variation pos<span class=\"_ _1\"></span>sible raisonnable de 0,25 % des taux d\u2019int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture aur<span class=\"_ _1\"></span>ait augment\u00e9 / (diminu\u00e9) les capitaux propr<span class=\"_ _1\"></span>es et le r\u00e9sultat \u00e0 concurr<span class=\"_ _1\"></span>ence du montant indiqu\u00e9 ci-dessous. L'analyse suppose que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux de change, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span>  <span class=\"_ _222\"> </span>R\u00e9sultat et Capitaux pr<span class=\"_ _1\"></span>opres, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _26d\"> </span>augmentation de 0,25 % <span class=\"_ _6e\"> </span>diminution de 0,25 % 2022 <span class=\"_ _26e\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _17d\"> </span>(721) <span class=\"_ _26f\"> </span>721 2021 <span class=\"_ _270\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _152\"> </span>(1.<span class=\"_ _1\"></span>140) <span class=\"_ _1c6\"> </span>1.140Comme d\u00e9crit \u00e0 la note 23, suit<span class=\"_ _1\"></span>e \u00e0 la hausse des taux d'int\u00e9r\u00eat observ\u00e9es au cours du pr<span class=\"_ _1\"></span>emier semestre 2022, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont commenc\u00e9, au deuxi\u00e8me trimestre 20<span class=\"_ _1\"></span>22, \u00e0 utiliser des swaps de taux d'int\u00e9r\u00eat pour compenser les co\u00fbts financiers futurs pot<span class=\"_ _1\"></span>entiellement plus \u00e9lev\u00e9s des emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable. Ces d\u00e9riv\u00e9s ne sont pas d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e, donc leur \u00e9valuation est incluse dans l'analy<span class=\"_ _1\"></span>se ci-dessus. (c<span class=\"_ _1\"></span>) Actifs et pas<span class=\"_ _1\"></span>sifs d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme couvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> Le tableau ci-dessous indique les p\u00e9riodes pendant lesquelles les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie associ\u00e9s aux couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie sont susc<span class=\"_ _1\"></span>eptibles d\u2019av<span class=\"_ _1\"></span>oir lieu :  2022 <span class=\"_ _271\"> </span>Flux de tr\u00e9sorerie att<span class=\"_ _1\"></span>endus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _244\"> </span>12.024 <span class=\"_ _f7\"> </span>2.595 <span class=\"_ _af\"> </span>5.805 <span class=\"_ _86\"> </span>3.624 <span class=\"_ _9f\"> </span><span class=\"ff18\">12.02<span class=\"_ _1\"></span>4</span> Passifs <span class=\"_ _273\"> </span>(9.80<span class=\"_ _1\"></span>7) <span class=\"_ _1b3\"> </span>(5.338) <span class=\"_ _89\"> </span>(4.4<span class=\"_ _1\"></span>70) <span class=\"_ _1cc\"> </span>- <span class=\"_ _7e\"> </span><span class=\"ff18\">(9.80<span class=\"_ _1\"></span>7)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _18a\"> </span>  <span class=\"_ _5d\"> </span> <span class=\"_ _109\"> </span>  Actifs <span class=\"_ _263\"> </span>46<span class=\"_ _1\"></span>3 <span class=\"_ _1a3\"> </span>(787) <span class=\"_ _5c\"> </span>1.250 <span class=\"_ _1cc\"> </span>- <span class=\"_ _113\"> </span><span class=\"ff18 ls55 ws67\">463</span> Passifs <span class=\"_ _274\"> </span>(956) <span class=\"_ _3d\"> </span>(944) <span class=\"_ _fa\"> </span>(13) <span class=\"_ _1cc\"> </span>- <span class=\"_ _67\"> </span><span class=\"ff18\">(956)</span> <span class=\"_ _275\"> </span>1.723 <span class=\"_ _6c\"> </span>(4.47<span class=\"_ _1\"></span>4) <span class=\"_ _80\"> </span>2.5<span class=\"_ _1\"></span>73 3.624 <span class=\"_ _3b\"> </span>1.723 2021 <span class=\"_ _202\"> </span>Flux de tr\u00e9sorerie attendus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _263\"> </span>536 <span class=\"_ _a1\"> </span>536 <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _56\"> </span><span class=\"ff18 ls92 ws61\">536</span> Passifs <span class=\"_ _10f\"> </span>(1.<span class=\"_ _1\"></span>141) <span class=\"_ _3d\"> </span>(1.14<span class=\"_ _1\"></span>1) <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1f\"> </span><span class=\"ff18\">(1.14<span class=\"_ _1\"></span>1)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _66\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _c3\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff18\">-</span> Passifs <span class=\"_ _18b\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1cc\"> </span>(1.213) <span class=\"_ _1d3\"> </span>14 <span class=\"_ _1cc\"> </span>- <span class=\"_ _68\"> </span><span class=\"ff18\">(1.199)</span> <span class=\"_ _274\"> </span>(1.804) <span class=\"_ _6e\"> </span>(1.818) <span class=\"_ _27\"> </span>14 <span class=\"_ _68\"> </span>- (1.804)Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit des informations sur les \u00e9l\u00e9ments d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sorerie au c<span class=\"_ _1\"></span>ours de l\u2019e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et sur le rappr<span class=\"_ _1\"></span>ochement des montants inclus dans la r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e.  <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _185\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _84\"> </span>     V<span class=\"_ _1\"></span>aleur nominale        V<span class=\"_ _1\"></span>aleur comptable Actifs <span class=\"_ _7e\"> </span>PassifPost<span class=\"_ _1\"></span>e dans l'\u00e9tat de la situation financi\u00e8re o\u00f9 l'instrument de couv<span class=\"_ _1\"></span>erture est inclus     Solde au 1er janvier 2022 V<span class=\"_ _1\"></span>ariations de la valeur de l'instrument de couvertur<span class=\"_ _1\"></span>e reconnu dans les AERG Montantreclass\u00e9de la r\u00e9serve de couv<span class=\"_ _1\"></span>erture en r\u00e9sultat  Effet de change Solde31d\u00e9cembre2022 <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts de change  <span class=\"_ _16b\"> </span> \u00e0 terme <span class=\"_ _277\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 113.<span class=\"_ _1\"></span>141 <span class=\"_ _f\"> </span>12.024 <span class=\"_ _a9\"> </span>(9.80<span class=\"_ _1\"></span>7) D\u00e9riv\u00e9s -  Actifs et (passifs<span class=\"_ _1\"></span>) (605) <span class=\"_ _10e\"> </span>756 <span class=\"_ _1f\"> </span>1.602 <span class=\"_ _9b\"> </span>463 <span class=\"_ _8d\"> </span><span class=\"ff18\">2.216</span> <span class=\"_ _276\"> </span> <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _4e\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 81.339 <span class=\"_ _7e\"> </span>463 <span class=\"_ _7d\"> </span>(956) D\u00e9riv\u00e9s -  A<span class=\"_ _1\"></span>ctifs et(passifs<span class=\"_ _1\"></span>) (1.<span class=\"_ _1\"></span>199) <span class=\"_ _a4\"> </span>1.199 <span class=\"_ _68\"> </span>(493) <span class=\"_ _27\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18 ls55 ws67\">(493)</span> <span class=\"_ _1fb\"> </span>194.480 <span class=\"_ _8\"></span>12.487 (10.7<span class=\"_ _1\"></span>64) <span class=\"_ _213\"> </span> <span class=\"_ _2c\"> </span>(1.804) <span class=\"_ _35\"> </span>1.955 <span class=\"_ _a6\"> </span>1.<span class=\"_ _1\"></span>109 <span class=\"_ _35\"> </span>463 <span class=\"_ _6c\"> </span>1.723(d) Ris<span class=\"_ _1\"></span>que de prix des mati\u00e8res premi\u00e8res Les mar<span class=\"_ _1\"></span>ch\u00e9s des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res ont connu et de<span class=\"_ _1\"></span>vraient continuer \u00e0 c<span class=\"_ _1\"></span>onna\u00eetre des fluctuations de prix. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es \u00e0 l'acier<span class=\"_ _1\"></span>, \u00e0 l'aluminium, au cuivr<span class=\"_ _1\"></span>e et au plomb. Elles utilisent donc, dans la mesure du pos<span class=\"_ _1\"></span>sible, des contra<span class=\"_ _1\"></span>ts \u00e0 terme pour minimiser l'exposition \u00e0 la v<span class=\"_ _1\"></span>olatilit\u00e9 des prix des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res. Les filiales du segment C\u00e2bles ont r<span class=\"_ _1\"></span>ecours \u00e0 l'appariement des achats et des vent<span class=\"_ _1\"></span>es, ou \u00e0 des instruments d\u00e9riv\u00e9s (c<span class=\"_ _1\"></span>ontrats \u00e0 t<span class=\"_ _1\"></span>erme) afin de minimiser l'effet des fluctuations du prix des m\u00e9taux sur leurs r\u00e9sultats. Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le solde net des instruments d\u00e9riv\u00e9s par mati\u00e8r<span class=\"_ _1\"></span>e premi\u00e8r<span class=\"_ _1\"></span>e \u00e9tait de :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Aluminium - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _278\"> </span>(395) <span class=\"_ _12a\"> </span>37<span class=\"_ _1\"></span>3 Cuivre - position longue / (<span class=\"_ _1\"></span>courte<span class=\"_ _1\"></span>) <span class=\"_ _279\"> </span>(59) <span class=\"_ _c0\"> </span>(1.548) Plomb - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _d1\"> </span>(39) <span class=\"_ _198\"> </span>(25) T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>(493) <span class=\"_ _be\"> </span>(1.<span class=\"_ _1\"></span>199)Ces couv<span class=\"_ _1\"></span>ertures sont d\u00e9sign\u00e9es c<span class=\"_ _1\"></span>omme comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> C.4. Risque li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>environnement macro-\u00e9c<span class=\"_ _1\"></span>onomique et financier<span class=\"_ _8\"></span> Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings suivent de pr\u00e8s et de f<span class=\"_ _1\"></span>a\u00e7on continue l\u2019\u00e9volution de l\u2019<span class=\"_ _1\"></span>envir<span class=\"_ _1\"></span>onnement international et national et adaptent en t<span class=\"_ _1\"></span>emps opportun leur strat\u00e9gie d\u2019<span class=\"_ _1\"></span>affaires et leurs politiques de gestion des risques afin de minimiser l\u2019impact des conditions macr<span class=\"_ _1\"></span>o\u00e9conomiques sur leurs op\u00e9rations. Impact du conflit en Ukr<span class=\"_ _1\"></span>aine<span class=\"_ _8\"></span> Le conflit en Ukr<span class=\"_ _1\"></span>aine a commenc\u00e9 en f\u00e9vrier 2022 et a pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>oqu\u00e9 une volatilit\u00e9 sur les mar<span class=\"_ _1\"></span>ch\u00e9s en augmentant la<span class=\"_ _8\"></span> probabilit\u00e9 de perturbations dans de nombr<span class=\"_ _1\"></span>euses parties de l\u2019\u00e9conomie mondiale.  Bien que son impact sur les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ne puisse \u00eatre enti\u00e8r<span class=\"_ _1\"></span>ement pr\u00e9dit \u00e0 l\u2019heure actuelle, l\u2019<span class=\"_ _1\"></span>exposition globale \u00e0 l\u2019Ukr<span class=\"_ _1\"></span>aine et \u00e0 la Russie est tr\u00e8s limit\u00e9e et les c<span class=\"_ _1\"></span>ons\u00e9quences commer<span class=\"_ _1\"></span>ciales n\u2019ont pas \u00e9t\u00e9 mat\u00e9rielles jusqu\u2019\u00e0 pr\u00e9sent, tandis que la m\u00eame chose est att<span class=\"_ _1\"></span>endue dans un avenir pr\u00e9visible<span class=\"_ _1\"></span>. Les vent<span class=\"_ _1\"></span>es sur ces march\u00e9s r<span class=\"_ _1\"></span>epr\u00e9sentent une part insignifiante du chiffre d\u2019<span class=\"_ _1\"></span>affaires t<span class=\"_ _1\"></span>otal (en<span class=\"_ _1\"></span>viron 0,5 % pour 20<span class=\"_ _1\"></span>22) et toute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus sera enti\u00e8r<span class=\"_ _1\"></span>ement compens\u00e9e par la<span class=\"_ _8\"></span> demande sur d\u2019autr<span class=\"_ _1\"></span>es march\u00e9s. T<span class=\"_ _3c\"></span>outes les re<span class=\"_ _1\"></span>venus pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant de ces march\u00e9s c<span class=\"_ _1\"></span>oncernent des contra<span class=\"_ _1\"></span>ts sign\u00e9s avant 2022, \u00e9tant donn\u00e9 qu\u2019aucun ac<span class=\"_ _1\"></span>cord de v<span class=\"_ _1\"></span>ente n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9 sign\u00e9 avec des clients situ\u00e9s dans c<span class=\"_ _1\"></span>es pays au c<span class=\"_ _1\"></span>ours de l\u2019ann\u00e9e 2022. En outre<span class=\"_ _1\"></span>, les entreprises de Cener<span class=\"_ _1\"></span>gy Holdings ont d\u00e9j\u00e0 pris des mesures pour d\u00e9placer l'appr<span class=\"_ _1\"></span>ovisionnement en mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant pr\u00e9c\u00e9demment de Russie v<span class=\"_ _1\"></span>ers d'autres march\u00e9s et pour at<span class=\"_ _1\"></span>t\u00e9nuer toute perturbation potentielle de leur cha\u00eene d'appr<span class=\"_ _1\"></span>ovisionnement. En ce qui c<span class=\"_ _1\"></span>oncerne le financement, les entr<span class=\"_ _1\"></span>eprises ne sont pas<span class=\"_ _8\"></span> expos\u00e9es aux banques rus<span class=\"_ _1\"></span>ses.<span class=\"_ _8\"></span> Enfin, sur le front de l'\u00e9ner<span class=\"_ _1\"></span>gie, le conflit en Ukr<span class=\"_ _1\"></span>aine a acc\u00e9l\u00e9r\u00e9 l'inflation des prix et les entreprises ont d\u00e9j\u00e0 pris des mesures d'at<span class=\"_ _1\"></span>t\u00e9nuation pour r\u00e9duire tout impact c<span class=\"_ _1\"></span>ommercial li\u00e9 au co\u00fbt de l'\u00e9ner<span class=\"_ _1\"></span>gie. Elles suivent la situa<span class=\"_ _1\"></span>tion de pr\u00e8s<span class=\"_ _8\"></span> et modifieront leur appr<span class=\"_ _1\"></span>oche si n\u00e9cessair<span class=\"_ _1\"></span>e pour garantir l'efficacit\u00e9 op\u00e9r<span class=\"_ _1\"></span>ationnelle.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C.5 Risques li\u00e9s au changement climatiqueLes filiales de Cener<span class=\"_ _1\"></span>gy Holdings reconnais<span class=\"_ _1\"></span>sent l\u2019importance de la transpar<span class=\"_ _1\"></span>ence conc<span class=\"_ _1\"></span>ernant les risques et les<span class=\"_ _8\"></span> opportunit\u00e9s li\u00e9s au climat pour maintenir la c<span class=\"_ _1\"></span>onfiance des parties prenant<span class=\"_ _1\"></span>es et permettre aux inv<span class=\"_ _1\"></span>estisseurs de mieux compr<span class=\"_ _1\"></span>endre la tr<span class=\"_ _1\"></span>ansition de l\u2019impact potentiel et les risques et opportunit\u00e9s physiques \u00e9manant du changement climatique. \u00c0 cet<span class=\"_ _1\"></span>te fin, Cenergy Holdings s\u2019<span class=\"_ _1\"></span>est engag\u00e9e \u00e0 \u00e9v<span class=\"_ _1\"></span>aluer la gra<span class=\"_ _1\"></span>vit\u00e9 potentielle des risques et les av<span class=\"_ _1\"></span>antages possibles des opportunit\u00e9s dans le but de prendr<span class=\"_ _1\"></span>e toutes les mesur<span class=\"_ _1\"></span>es n\u00e9cessair<span class=\"_ _1\"></span>es pour att\u00e9nuer<span class=\"_ _8\"></span> les impacts n\u00e9gatifs et maximiser les impacts positifs, et d\u2019adopt<span class=\"_ _1\"></span>er le cadre de la T<span class=\"_ _0\"></span>ask F<span class=\"_ _1\"></span>orce on Climat<span class=\"_ _1\"></span>e-related Financial Disclosures (T<span class=\"_ _1\"></span>CFD<span class=\"_ _1\"></span>) pour communiquer de mani\u00e8r<span class=\"_ _1\"></span>e transparent<span class=\"_ _1\"></span>e tous les risques et opportunit\u00e9s li\u00e9s au climat. Pour ce f<span class=\"_ _1\"></span>aire, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont r\u00e9alis\u00e9 une \u00e9valuation des risques et opportunit\u00e9s li\u00e9s au climat qui a port\u00e9 sur l\u2019<span class=\"_ _1\"></span>ensemble des actifs industriels et immobiliers. Les r\u00e9sultats d\u00e9taill\u00e9s de c<span class=\"_ _1\"></span>ette \u00e9valuation sont pr\u00e9sent\u00e9s au niveau des segments dans les inf<span class=\"_ _1\"></span>ormations non financi\u00e8res qui acc<span class=\"_ _1\"></span>ompagnent le rapport annuel.Le passage \u00e0 une \u00e9c<span class=\"_ _1\"></span>onomie \u00e0 faibles \u00e9missions de carbone n\u00e9cessit<span class=\"_ _1\"></span>e la prise en compte et la mise en \u0153uvr<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> certaines mesur<span class=\"_ _1\"></span>es. L\u2019<span class=\"_ _1\"></span>analyse a permis d\u2019identifier<span class=\"_ _1\"></span>, pour chaque segment d\u2019<span class=\"_ _1\"></span>activit\u00e9, les risques de transition et les risques phy<span class=\"_ _1\"></span>siques li\u00e9s au climat les plus importants, ainsi que les opportunit\u00e9s \u00e0 court, moy<span class=\"_ _1\"></span>en et long terme. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> risques de transition \u00e9v<span class=\"_ _1\"></span>alu\u00e9s sont li\u00e9s \u00e0 l\u2019\u00e9volution des politiques, des lois, des t<span class=\"_ _1\"></span>echnologies et des march\u00e9s en vue d\u2019att\u00e9nuer le changement clima<span class=\"_ _1\"></span>tique et de s\u2019y adapter<span class=\"_ _1\"></span>. Les mesur<span class=\"_ _1\"></span>es politiques relativ<span class=\"_ _1\"></span>es au changement climatique<span class=\"_ _8\"></span> continuent d\u2019\u00e9v<span class=\"_ _1\"></span>oluer<span class=\"_ _1\"></span>, les am\u00e9liora<span class=\"_ _1\"></span>tions technologiques ou les innov<span class=\"_ _1\"></span>ations qui soutiennent la transition v<span class=\"_ _1\"></span>ers un<span class=\"_ _8\"></span> sy<span class=\"_ _1\"></span>st\u00e8me \u00e9conomique \u00e0 faible \u00e9mission de carbone et \u00e0 haut r<span class=\"_ _1\"></span>endement \u00e9nerg\u00e9tique peuv<span class=\"_ _1\"></span>ent av<span class=\"_ _1\"></span>oir un impact<span class=\"_ _8\"></span> significatif sur les organisa<span class=\"_ _1\"></span>tions, tandis que les changements significatifs sur le march\u00e9, tels que la diminution de la demande de biens ou de services sp\u00e9cifiques ou la baisse des r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus li\u00e9e aux changements de comportement des clients, sont quelques ex<span class=\"_ _1\"></span>emples des implications qui peuv<span class=\"_ _1\"></span>ent avoir un impact sur le mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique et la<span class=\"_ _8\"></span> planification financi\u00e8re des filiales de C<span class=\"_ _1\"></span>energy Holdings. D\u2019autr<span class=\"_ _1\"></span>e part, les \u00e9v\u00e9nements m\u00e9t\u00e9orologiques e<span class=\"_ _1\"></span>xtr\u00eames<span class=\"_ _8\"></span> et les changements \u00e0 plus long terme dans les mod\u00e8les climatiques, t<span class=\"_ _1\"></span>els que la disponibilit\u00e9 limit\u00e9e de l\u2019eau et la chaleur extr\u00eame ou l\u2019\u00e9l\u00e9v<span class=\"_ _1\"></span>ation du niveau de la mer<span class=\"_ _0\"></span>, peuvent a<span class=\"_ _1\"></span>voir des impacts multiples et des implications financi\u00e8res pos<span class=\"_ _1\"></span>sibles pour le groupe Cener<span class=\"_ _1\"></span>gy Holdings.Les risques et opportunit\u00e9s susmentionn\u00e9s ont \u00e9t\u00e9 identifi\u00e9s et class\u00e9s sur une \u00e9chelle de f<span class=\"_ _1\"></span>aible, moy<span class=\"_ _1\"></span>en et \u00e9lev\u00e9, sur la base des impacts r\u00e9els et potentiels sur le mod\u00e8le \u00e9conomique<span class=\"_ _1\"></span>, les actifs et les op\u00e9rations des filiales de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings, ainsi que des impacts financiers sur la performance de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise. Les impacts financiers ont \u00e9t\u00e9 pris en compte dans les es<span class=\"_ _1\"></span>timations comptables dans la mesure o\u00f9 ils peuv<span class=\"_ _1\"></span>ent \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 ce jour<span class=\"_ _1\"></span>. En outr<span class=\"_ _1\"></span>e, les d\u00e9fis associ\u00e9s aux engagements li\u00e9s au climat ont \u00e9t\u00e9 pris en compt<span class=\"_ _1\"></span>e, et les entreprises de V<span class=\"_ _1\"></span>iohalco n\u2019<span class=\"_ _1\"></span>ont pas identifi\u00e9 de<span class=\"_ _8\"></span> probl\u00e8mes suppl\u00e9mentair<span class=\"_ _1\"></span>es susceptibles d\u2019a<span class=\"_ _1\"></span>voir un eff<span class=\"_ _1\"></span>et important sur leurs \u00e9tats financiers.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-186-4": {
   "value": " <span class=\"_ _1ba\"> </span>Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _1bb\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span>  Cr\u00e9ances clients <span class=\"_ _1bd\"> </span> <span class=\"_ _18a\"> </span>142.098 <span class=\"_ _13f\"> </span>96.262 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _135\"> </span>(27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>128) <span class=\"_ _13d\"> </span>(25.534) <span class=\"_ _162\"> </span> 114.97<span class=\"_ _1\"></span>0 <span class=\"_ _2a\"> </span>70<span class=\"_ _1\"></span>.728 Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _1bf\"> </span> <span class=\"_ _11d\"> </span>3.<span class=\"_ _1\"></span>178 <span class=\"_ _119\"> </span>62<span class=\"_ _1\"></span>4 Ch\u00e8ques et effets \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir  <span class=\"_ _51\"> </span> <span class=\"_ _1c0\"> </span>194 <span class=\"_ _f8\"> </span>390 Cr\u00e9ances env<span class=\"_ _1\"></span>ers des entreprises li\u00e9es <span class=\"_ _1c1\"> </span>35 <span class=\"_ _bd\"> </span>24.290 <span class=\"_ _b6\"> </span>31.445 TV<span class=\"_ _0\"></span>A et autres cr\u00e9ances fiscales <span class=\"_ _1c2\"> </span> <span class=\"_ _b6\"> </span>11.6<span class=\"_ _1\"></span>10 <span class=\"_ _11c\"> </span>14.47<span class=\"_ _1\"></span>6 Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _1c3\"> </span> <span class=\"_ _17a\"> </span>18.910 <span class=\"_ _133\"> </span>4.716 Autres d\u00e9bit<span class=\"_ _1\"></span>eurs <span class=\"_ _1c4\"> </span> <span class=\"_ _db\"> </span>20.0<span class=\"_ _1\"></span>34 <span class=\"_ _15f\"> </span>10.<span class=\"_ _1\"></span>158 Moins : Pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1ab\"> </span>30.<span class=\"_ _1\"></span>C.<span class=\"_ _1\"></span>1 <span class=\"_ _132\"> </span>(417) <span class=\"_ _137\"> </span>(49<span class=\"_ _1\"></span>7) <span class=\"_ _a5\"> </span> 77<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>98 <span class=\"_ _52\"> </span>61.312 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _18a\"> </span>192.7<span class=\"_ _1\"></span>69 <span class=\"_ _db\"> </span>132.040 Actifs non c<span class=\"_ _1\"></span>ourants<span class=\"ff19\"> <span class=\"_ _95\"> </span> <span class=\"_ _1a0\"> </span>  <span class=\"_ _1bc\"> </span> </span> Cr\u00e9ances non cour<span class=\"_ _1\"></span>antes de parties li\u00e9es <span class=\"_ _1c1\"> </span> <span class=\"_ _1c6\"> </span>395 <span class=\"_ _12b\"> </span>208 Autres cr\u00e9anc<span class=\"_ _1\"></span>es non courant<span class=\"_ _1\"></span>es <span class=\"_ _185\"> </span> <span class=\"_ _1c6\"> </span>832 <span class=\"_ _12b\"> </span>968 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _116\"> </span>1.227 <span class=\"_ _129\"> </span>1.<span class=\"_ _1\"></span>177 A. Cession de cr\u00e9anc<span class=\"_ _1\"></span>es clients<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des cr\u00e9ances inclut des montants rele<span class=\"_ _1\"></span>vant d\u2019<span class=\"_ _1\"></span>accor<span class=\"_ _1\"></span>ds d\u2019affactur<span class=\"_ _1\"></span>age. Les filiales de Cenergy Holdings concluent des acc<span class=\"_ _1\"></span>ords d'affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours pour v<span class=\"_ _1\"></span>endre des cr\u00e9anc<span class=\"_ _1\"></span>es clients contre un v<span class=\"_ _1\"></span>ersement<span class=\"_ _8\"></span> en esp\u00e8ces. Ces cr\u00e9anc<span class=\"_ _1\"></span>es clients ne sont pas d\u00e9comptabilis\u00e9es de l'\u00e9tat consolid\u00e9 de la situation financi\u00e8r<span class=\"_ _1\"></span>e, car la quasi-totalit\u00e9 des risques - principalement le risque de cr\u00e9dit - et des a<span class=\"_ _1\"></span>vantages sont conserv\u00e9s au sein du Gr<span class=\"_ _1\"></span>oupe. Le montant r<span class=\"_ _1\"></span>e\u00e7u lors du transfert par le fact<span class=\"_ _1\"></span>or est comptabilis\u00e9 en tant que pr\u00eat bancair<span class=\"_ _1\"></span>e garanti. Les informations suiv<span class=\"_ _1\"></span>antes indiquent la v<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients \u00e0 la fin de l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e qui ont \u00e9t\u00e9<span class=\"_ _8\"></span> transf\u00e9r\u00e9es, mais n\u2019<span class=\"_ _1\"></span>ont pas \u00e9t\u00e9 d\u00e9comptabilis\u00e9es, ainsi que les pas<span class=\"_ _1\"></span>sifs correspondants.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 V<span class=\"_ _1\"></span>aleur comptable des cr\u00e9ances clients c\u00e9d\u00e9es  <span class=\"_ _183\"> </span>16.265 <span class=\"_ _b6\"> </span>8.812 V<span class=\"_ _1\"></span>aleur comptable des passifs c<span class=\"_ _1\"></span>orrespondants <span class=\"_ _18b\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 La juste v<span class=\"_ _1\"></span>aleur des cr\u00e9ances clients c\u00e9d\u00e9es se r<span class=\"_ _1\"></span>approche de la valeur c<span class=\"_ _1\"></span>omptable.<span class=\"_ _8\"></span> Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, Cener<span class=\"_ _1\"></span>gy Holdings n'av<span class=\"_ _1\"></span>ait pas utilis\u00e9 le montant total de la ligne de cr\u00e9dit fournie par les soci\u00e9t\u00e9s d'affactur<span class=\"_ _1\"></span>age.<span class=\"_ _8\"></span> 27<span class=\"_ _3c\"></span>. Dettes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Fournisseurs <span class=\"_ _235\"> </span> <span class=\"_ _1ff\"> </span>282.855 <span class=\"_ _231\"> </span>169.388 Effets \u00e0 pay<span class=\"_ _1\"></span>er <span class=\"_ _23e\"> </span> <span class=\"_ _135\"> </span>216.958 <span class=\"_ _d7\"> </span>214.722 Contributions \u00e0 la s\u00e9curit\u00e9 sociale <span class=\"_ _23f\"> </span>11 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 Dettes fournis<span class=\"_ _1\"></span>seurs vis-\u00e0-vis des parties li\u00e9es <span class=\"_ _240\"> </span>35 <span class=\"_ _180\"> </span>11.57<span class=\"_ _1\"></span>8 <span class=\"_ _dc\"> </span>12.525 Cr\u00e9diteurs div<span class=\"_ _1\"></span>ers <span class=\"_ _241\"> </span> <span class=\"_ _128\"> </span>4.059 <span class=\"_ _e2\"> </span>2.932 Pro<span class=\"_ _1\"></span>visions <span class=\"_ _dd\"> </span> <span class=\"_ _17a\"> </span>25.7<span class=\"_ _1\"></span>31 <span class=\"_ _11c\"> </span>17<span class=\"_ _1\"></span>.990 Autres tax<span class=\"_ _1\"></span>es <span class=\"_ _8e\"> </span> <span class=\"_ _137\"> </span>4.611 <span class=\"_ _198\"> </span>2.699 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _bb\"> </span>549<span class=\"_ _1\"></span>.283 <span class=\"_ _db\"> </span>422.622Le post<span class=\"_ _1\"></span>e \u00ab effets \u00e0 pay<span class=\"_ _1\"></span>er\u00bb du tableau ci-dessus concerne des arr<span class=\"_ _1\"></span>angements de financement fournisseur li\u00e9s \u00e0 l'acha<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> de mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res primair<span class=\"_ _1\"></span>es, telles que le cuivre<span class=\"_ _1\"></span>, l'acier<span class=\"_ _1\"></span>, etc. dont les d\u00e9lais de paiement peuv<span class=\"_ _1\"></span>ent \u00eatre plus longs que d'habitude pour ce type de f<span class=\"_ _1\"></span>ournitures. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-187-7": {
   "value": "B. Risques de cr\u00e9dit et de march\u00e9 et pertes de v<span class=\"_ _1\"></span>aleur sur cr\u00e9ances clients En 2010, la filiale C<span class=\"_ _1\"></span>orinth Pipeworks S<span class=\"_ _1\"></span>A a lanc\u00e9 en Gr\u00e8ce et \u00e0 Duba\u00ef des actions en justice c<span class=\"_ _1\"></span>ontre un ancien client au Moy<span class=\"_ _1\"></span>en-Orient conc<span class=\"_ _1\"></span>ernant le recouvr<span class=\"_ _1\"></span>ement d'une cr\u00e9ance en souffranc<span class=\"_ _1\"></span>e de 24,8 millions de dollars am\u00e9ricains (23,3 millions d'euros le 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), major\u00e9e des int\u00e9r\u00eats l\u00e9gaux. \u00c0 la suite d'une s\u00e9rie de pr<span class=\"_ _1\"></span>oc\u00e9dures judiciair<span class=\"_ _1\"></span>es, la Cour de cassation de Duba\u00ef a rendu son jugement d\u00e9finitif en 20<span class=\"_ _1\"></span>17<span class=\"_ _8\"></span> et a d\u00e9cid\u00e9 de rejet<span class=\"_ _1\"></span>er toute demande r<span class=\"_ _1\"></span>econv<span class=\"_ _1\"></span>entionnelle de l'ancien client et de confirmer le montant d\u00fb \u00e0 Corinth Pipew<span class=\"_ _1\"></span>orks.<span class=\"_ _8\"></span> Afin de r<span class=\"_ _1\"></span>ecouvrer c<span class=\"_ _1\"></span>e solde d\u00fb depuis longtemps, Corinth Pipe<span class=\"_ _1\"></span>works a engag\u00e9 des proc\u00e9dur<span class=\"_ _1\"></span>es d\u2019<span class=\"_ _1\"></span>ex\u00e9cution \u00e0 l\u2019<span class=\"_ _1\"></span>encontre des actifs de l'ancien client situ\u00e9s dans l'un des pa<span class=\"_ _1\"></span>ys o\u00f9 l'arr\u00eat de la Cour de cassa<span class=\"_ _1\"></span>tion rendu contr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> l'ancien client est e<span class=\"_ _1\"></span>x\u00e9cutoire (<span class=\"_ _1\"></span>c'est-\u00e0-dire les \u00c9mir<span class=\"_ _1\"></span>ats Arabes Unis et div<span class=\"_ _1\"></span>ers autres pa<span class=\"_ _1\"></span>ys du Mo<span class=\"_ _1\"></span>yen-Orient). Il n'y a pas eu d'autres d\u00e9v<span class=\"_ _1\"></span>eloppements importants en 2022. Corinth Pipe<span class=\"_ _1\"></span>works av<span class=\"_ _1\"></span>ait comptabilis\u00e9 dans le pass\u00e9 une perte de v<span class=\"_ _1\"></span>aleur de 24,8 millions de dollars am\u00e9ricains. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la filiale poursuivra toute action r<span class=\"_ _1\"></span>equise afin de rec<span class=\"_ _1\"></span>ouvrer l\u2019int\u00e9gralit\u00e9 de c<span class=\"_ _1\"></span>ette cr\u00e9ance<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition de Cenergy Holdings aux risques de cr\u00e9dit et de mar<span class=\"_ _1\"></span>ch\u00e9, ainsi que sur les pertes de<span class=\"_ _8\"></span> valeur li\u00e9es aux cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs sont incluses \u00e0 la not<span class=\"_ _1\"></span>e 29.C.<span class=\"_ _1\"></span>1. C.<span class=\"_ _1\"></span>1. Risque de cr\u00e9dit<span class=\"_ _8\"></span> Le risque de cr\u00e9dit est le risque de pert<span class=\"_ _1\"></span>e financi\u00e8re pour Cener<span class=\"_ _1\"></span>gy Holdings si un client ou une contrepartie \u00e0 un instrument financier ne r<span class=\"_ _1\"></span>especte pas ses obligations contr<span class=\"_ _1\"></span>actuelles et pro<span class=\"_ _1\"></span>vient principalement des cr\u00e9ances clients<span class=\"_ _8\"></span> et des actifs sur contr<span class=\"_ _1\"></span>ats et des d\u00e9p\u00f4ts aupr\u00e8s des banques.<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des actifs financiers repr\u00e9sente l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition maximale au risque de cr\u00e9dit.<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _54\"> </span>Note  <span class=\"_ _180\"> </span>2022 <span class=\"_ _121\"> </span>2021 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - courant <span class=\"_ _129\"> </span>15 <span class=\"_ _135\"> </span>192.769 <span class=\"_ _b7\"> </span>132.040 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - non courant <span class=\"_ _c3\"> </span>15 <span class=\"_ _11d\"> </span>1.227 <span class=\"_ _124\"> </span>1.177 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _1ce\"> </span>7<span class=\"_ _1\"></span>.D <span class=\"_ _db\"> </span>195.481 <span class=\"_ _11c\"> </span>98.217 Moins : <span class=\"_ _d8\"> </span>  <span class=\"_ _24a\"> </span>  <span class=\"_ _1bc\"> </span>  Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _24b\"> </span>15 <span class=\"_ _12e\"> </span>(3.17<span class=\"_ _1\"></span>8) <span class=\"_ _e2\"> </span>(624) Actifs d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _24c\"> </span>15 <span class=\"_ _be\"> </span>(11.610) <span class=\"_ _db\"> </span>(14.4<span class=\"_ _1\"></span>76) Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _162\"> </span>15 <span class=\"_ _18a\"> </span>(18.910) <span class=\"_ _128\"> </span>(4.716) Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _143\"> </span>355.778 <span class=\"_ _13f\"> </span>211.617 Inv<span class=\"_ _1\"></span>estissements en capitaux \u00e0 la juste v<span class=\"_ _1\"></span>aleur par  le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _e2\"> </span>22 <span class=\"_ _180\"> </span>6.308 <span class=\"_ _133\"> </span>5.812 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _24e\"> </span>16 <span class=\"_ _b7\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _170\"> </span>129.606 Instruments d\u00e9riv\u00e9s <span class=\"_ _e7\"> </span>23 <span class=\"_ _128\"> </span>16.612 <span class=\"_ _16b\"> </span>1.480 Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _10a\"> </span>190.0<span class=\"_ _1\"></span>79 <span class=\"_ _101\"> </span>136.899 T<span class=\"_ _0\"></span>otal g\u00e9n\u00e9ral <span class=\"_ _149\"> </span>  <span class=\"_ _d0\"> </span>545.857 <span class=\"_ _101\"> </span>348.516(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, la balance \u00e2g\u00e9e des cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs qui n'ont pas \u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9es \u00e9tait la suiv<span class=\"_ _1\"></span>ante :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Ni \u00e9chu ni douteux <span class=\"_ _16f\"> </span> 343.965 <span class=\"_ _192\"> </span>196.7<span class=\"_ _1\"></span>49 \u00c9chu <span class=\"_ _253\"> </span>  <span class=\"_ _167\"> </span>  - Jusqu'\u00e0 6 mois <span class=\"_ _254\"> </span> 10.800 <span class=\"_ _101\"> </span>13.687 - Plus de 6 mois <span class=\"_ _255\"> </span> 1.013 <span class=\"_ _132\"> </span>1.<span class=\"_ _1\"></span>182 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617La direction des filiales es<span class=\"_ _1\"></span>time que les montants dus jusqu\u2019\u00e0 6 mois et plus de 6 mois sont encore enti\u00e8r<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables, sur la base de l\u2019hist<span class=\"_ _1\"></span>orique des paiements et d\u2019une analyse approf<span class=\"_ _1\"></span>ondie du risque de cr\u00e9dit client, y<span class=\"_ _8\"></span> compris les notations de cr\u00e9dit sous-jac<span class=\"_ _1\"></span>entes, si celles-ci sont disponibles. Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, les cr\u00e9ances \u00e9chues mais non d\u00e9pr\u00e9ci\u00e9es c<span class=\"_ _1\"></span>oncernaient essentiellement les principaux groupes indus<span class=\"_ _1\"></span>triels, les principaux services publics et priv\u00e9s et les principaux re<span class=\"_ _1\"></span>vendeurs. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings assurent la majorit\u00e9 de leurs cr\u00e9anc<span class=\"_ _1\"></span>es contre le risque de d\u00e9f<span class=\"_ _1\"></span>aut. Au 31 d\u00e9cembre 2022, 85,9 % des soldes dus par les contr<span class=\"_ _1\"></span>eparties \u00e9taient assur\u00e9s. La variation de la d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion sur les cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et sur les actifs sur contrats se pr\u00e9sent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> comme suit :  <span class=\"_ _51\"> </span> <span class=\"_ _7\"></span>2022 <span class=\"_ _85\"> </span> <span class=\"_ _41\"> </span> 2021 <span class=\"_ _256\"> </span> <span class=\"_ _258\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _89\"> </span>Cr\u00e9ances clients et autres   d\u00e9biteurs  <span class=\"_ _5b\"> </span> Actifs sur <span class=\"_ _5b\"> </span> contrats <span class=\"_ _1da\"> </span>T<span class=\"_ _0\"></span>otal Cr\u00e9ances clients et autres   d\u00e9biteurs Actifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _112\"> </span>T<span class=\"_ _1\"></span>otal Solde au 1 janvier <span class=\"_ _259\"> </span>26.031 <span class=\"_ _1ad\"> </span>318 <span class=\"_ _7d\"> </span>26.349 <span class=\"_ _89\"> </span>24.390 <span class=\"_ _93\"> </span>143 <span class=\"_ _8d\"> </span>24.533 Perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e <span class=\"_ _213\"> </span>450 <span class=\"_ _1a8\"> </span>12 <span class=\"_ _25a\"> </span><span class=\"ff18 ls55 ws67\">463</span><span class=\"wsae\"> <span class=\"_ _53\"> </span>46 175 <span class=\"_ _31\"></span><span class=\"ff18 ws1\">220</span></span> Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _db\"> </span>(38) <span class=\"_ _113\"> </span>(127) <span class=\"_ _108\"> </span><span class=\"ff18\">(165)</span><span class=\"wsaf\"> <span class=\"_ _3a\"> </span>(168) - <span class=\"_ _25b\"></span><span class=\"ff18 ws1\">(168)</span></span> Reprise de / (perte de v<span class=\"_ _1\"></span>aleur)  sur les cr\u00e9ances et les actifs sur  contr<span class=\"_ _1\"></span>ats <span class=\"_ _1dc\"> </span>412 <span class=\"_ _1cd\"> </span>(115) <span class=\"_ _94\"> </span><span class=\"ff18 ls55 ws67\">297</span><span class=\"wsae\"> <span class=\"_ _6c\"> </span>(122) 175 <span class=\"ff18 ls92 ws61\">53</span></span> Radiations <span class=\"_ _256\"> </span>(153) <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">(153)</span><span class=\"wsaf\"> <span class=\"_ _2d\"> </span>(14) - <span class=\"_ _25d\"></span><span class=\"ff18 ws1\">(14)</span></span> Ecarts de change <span class=\"_ _203\"> </span>1.255 <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">1.255</span><span class=\"wsaf\"> <span class=\"_ _5\"> </span>1.<span class=\"_ _1\"></span>777 - <span class=\"_ _25e\"></span><span class=\"ff18 ws1\">1.777</span></span> Solde au 31 d\u00e9cembre <span class=\"_ _180\"> </span>27<span class=\"_ _1\"></span>.545 <span class=\"_ _93\"> </span>203 <span class=\"_ _ef\"> </span>27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48 <span class=\"_ _1a8\"> </span>26.031 <span class=\"_ _1a5\"> </span>318 <span class=\"_ _6e\"> </span>26.349La pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur les cr\u00e9ances clients et les actifs sur contr<span class=\"_ _1\"></span>ats est calcul\u00e9e \u00e0 titre individuel, lorsqu\u2019il exis<span class=\"_ _1\"></span>te un indice de d\u00e9pr\u00e9ciation. Pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrats sans indication de d\u00e9pr\u00e9ciation, les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues se fondent sur les donn\u00e9es historiques c<span class=\"_ _1\"></span>ombin\u00e9es aux projections concernant les f<span class=\"_ _1\"></span>acteurs macro\u00e9c<span class=\"_ _1\"></span>onomiques qui influent sur le risque de cr\u00e9dit, notamment le risque pays et les risques li\u00e9s aux secteurs d\u2019<span class=\"_ _1\"></span>activit\u00e9 des clients. La hausse de l\u2019inflation et des taux d\u2019int\u00e9r\u00eat a \u00e9galement \u00e9t\u00e9 prise en<span class=\"_ _8\"></span> compte dans le calcul des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e en cours, sans impact significatif sur la perte de valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e.<span class=\"_ _8\"></span> Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842(b) T<span class=\"_ _0\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s d\u00e9tenaient des liquidit\u00e9s et des \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie de 167<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>160 milliers d\u2019eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. La tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie sont d\u00e9tenus aupr\u00e8s de banques et d\u2019ins<span class=\"_ _1\"></span>titutions<span class=\"_ _8\"></span> financi\u00e8res not\u00e9es de AA<span class=\"_ _1\"></span>- \u00e0 B par l\u2019agenc<span class=\"_ _1\"></span>e Fitch. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-189-3": {
   "value": "16. T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _1c7\"> </span>32 <span class=\"_ _1c8\"> </span>6 D\u00e9p\u00f4ts bancaires \u00e0 c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _dd\"> </span>167<span class=\"_ _0\"></span>.127 <span class=\"_ _143\"> </span>129.600 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _143\"> </span>129.606 Les d\u00e9p\u00f4ts bancair<span class=\"_ _1\"></span>es \u00e0 court terme ont une dur\u00e9e inf\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 90 jours et sont disponibles.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-189-4": {
   "value": "16. T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _1c7\"> </span>32 <span class=\"_ _1c8\"> </span>6 D\u00e9p\u00f4ts bancaires \u00e0 c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _dd\"> </span>167<span class=\"_ _0\"></span>.127 <span class=\"_ _143\"> </span>129.600 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _143\"> </span>129.606 Les d\u00e9p\u00f4ts bancair<span class=\"_ _1\"></span>es \u00e0 court terme ont une dur\u00e9e inf\u00e9rieur<span class=\"_ _1\"></span>e \u00e0 90 jours et sont disponibles.<span class=\"_ _8\"></span> B. Rapprochement des v<span class=\"_ _1\"></span>ariations des passifs et de flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s de financement  <span class=\"_ _4b\"> </span> <span class=\"_ _3b\"> </span>2022 <span class=\"_ _b3\"> </span> <span class=\"_ _108\"> </span> 2021 <span class=\"_ _f0\"> </span> <span class=\"_ _217\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d8\"> </span>Emprunts  et dettes financi\u00e8res  Obligations locatives   T<span class=\"_ _0\"></span>otal Emprunts et dettes  financi\u00e8res Obligationslocativ<span class=\"_ _1\"></span>es T<span class=\"_ _0\"></span>otal Solde au 1 janvier <span class=\"_ _f8\"> </span>390.640 <span class=\"_ _43\"> </span>3.296 <span class=\"_ _96\"> </span>393.935 <span class=\"_ _b2\"> </span>406.217 <span class=\"_ _44\"> </span>5.433 <span class=\"_ _b3\"> </span>411.650 V<span class=\"_ _1\"></span>ariations des flux de tr\u00e9sorerie  de financement <span class=\"_ _1a4\"> </span>  <span class=\"_ _a1\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _213\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _1cc\"> </span> <span class=\"_ _0\"></span><span class=\"ff19\"> </span> Produit des nouv<span class=\"_ _1\"></span>eaux emprunts <span class=\"_ _5e\"> </span>2<span class=\"_ _1\"></span>45.631 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">245.631</span> <span class=\"_ _1a5\"> </span>89.315 <span class=\"_ _18f\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">89<span class=\"_ _1\"></span>.315</span> Remboursement des emprunts <span class=\"_ _5e\"> </span>(38.533) <span class=\"_ _1f5\"> </span>-  <span class=\"_ _5f\"> </span><span class=\"ff18\">(38.533)</span> <span class=\"_ _67\"> </span>(108.104) <span class=\"_ _18f\"> </span>-  <span class=\"_ _20\"> </span><span class=\"ff18\">(108.104)</span> Principaux \u00e9l\u00e9ments des paiements  de location <span class=\"_ _136\"> </span>-  <span class=\"_ _1b0\"> </span>(1.299) <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.299)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _9d\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _96\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>47)</span> T<span class=\"_ _0\"></span>otal des variations des flux de  tr\u00e9sorerie de financement <span class=\"_ _110\"> </span>207<span class=\"_ _0\"></span>.098 <span class=\"_ _4f\"> </span>(1.299) <span class=\"_ _7d\"> </span>205.799 <span class=\"_ _44\"> </span>(18.789) <span class=\"_ _f4\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _a9\"> </span>(20.536) Autres v<span class=\"_ _1\"></span>ariations : <span class=\"_ _d0\"> </span> <span class=\"_ _4\"> </span>  <span class=\"_ _6a\"> </span>   Nouveaux c<span class=\"_ _1\"></span>ontrats de location <span class=\"_ _1ff\"> </span>-  <span class=\"_ _10e\"> </span>1.597 <span class=\"_ _a4\"> </span><span class=\"ff18\">1.597</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _33\"> </span>909 <span class=\"_ _ab\"> </span><span class=\"ff18\">909</span> Effet des v<span class=\"_ _1\"></span>ariations des taux de change 145 <span class=\"_ _4d\"> </span>25 <span class=\"_ _106\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>70</span><span class=\"wsa4\"> (75) <span class=\"_ _7\"></span>6 <span class=\"_ _23a\"></span><span class=\"ff18 ws1\">(70)</span></span> Co\u00fbts d'emprunt capitalis\u00e9s <span class=\"_ _cd\"> </span>344 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">344</span> <span class=\"_ _1a3\"> </span>522 <span class=\"_ _18f\"> </span>-  <span class=\"_ _44\"> </span><span class=\"ff18 ls55 ws67\">522</span> Charges d\u2019int\u00e9r\u00eat <span class=\"_ _125\"> </span>19.203 <span class=\"_ _1e\"> </span>226 <span class=\"_ _67\"> </span><span class=\"ff18\">19.429</span><span class=\"wsa5\"> <span class=\"_ _8\"></span>16.379 20<span class=\"_ _1\"></span>7 <span class=\"_ _23b\"></span><span class=\"ff18 ws1\">16.585</span></span> Int\u00e9r\u00eats vers\u00e9s <span class=\"_ _189\"> </span>(15.520) <span class=\"_ _10e\"> </span>(226) <span class=\"_ _96\"> </span><span class=\"ff18\">(15.7<span class=\"_ _0\"></span>46)<span class=\"ff19 wsa6\"> (14.288) (207) <span class=\"_ _23c\"></span><span class=\"ff18 ws1\">(14.495)</span></span></span> Cessations d'emploi <span class=\"_ _23d\"> </span>-  <span class=\"_ _7f\"> </span>(192) <span class=\"_ _34\"> </span><span class=\"ff18\">(192)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _b2\"> </span>(173) <span class=\"_ _21\"> </span><span class=\"ff18\">(173)</span> Modifications <span class=\"_ _1d9\"> </span>-  <span class=\"_ _3d\"> </span>31 <span class=\"_ _1d\"> </span><span class=\"ff18\">31</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _65\"> </span>-  <span class=\"_ _27\"> </span><span class=\"ff18\">- </span> Autre mouv<span class=\"_ _1\"></span>ement  <span class=\"_ _1df\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span> <span class=\"_ _1b3\"> </span>(459) <span class=\"_ _18f\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff18\">(459)</span> Reclassifications <span class=\"_ _195\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span><span class=\"wsa7\"> <span class=\"_ _85\"> </span>1.132 (1.<span class=\"_ _1\"></span>132) <span class=\"_ _ac\"> </span><span class=\"ff18 ws1\">- </span></span> <span class=\"_ _136\"> </span>4.172 <span class=\"_ _226\"> </span>1.460 <span class=\"_ _9\"> </span>5.632 <span class=\"_ _91\"> </span>3.212 <span class=\"_ _3\"> </span>(391) 2.821 Solde au 31 d\u00e9cembre <span class=\"_ _be\"> </span>601.909 <span class=\"_ _7f\"> </span>3.457 <span class=\"_ _7e\"> </span>605.366 <span class=\"_ _1da\"> </span>390.640 <span class=\"_ _44\"> </span>3.296 <span class=\"_ _28\"> </span>393.935",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-191-2": {
   "value": "17<span class=\"_ _0\"></span>. Immobilisations c<span class=\"_ _1\"></span>orporelles<span class=\"_ _8\"></span> A. Rapprochement des v<span class=\"_ _1\"></span>aleurs comptables  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Co\u00fbt <span class=\"_ _10c\"> </span> <span class=\"_ _1ca\"> </span> <span class=\"_ _b7\"> </span> <span class=\"_ _ed\"> </span> <span class=\"_ _f7\"> </span>  Solde au 1er janvier 2021 <span class=\"_ _122\"> </span>177<span class=\"_ _1\"></span>.222 <span class=\"_ _9b\"> </span>539.713 <span class=\"_ _65\"> </span>25.564 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a8\"> </span><span class=\"ff18\">794.<span class=\"_ _1\"></span>052</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _99\"> </span>(321) <span class=\"_ _1cb\"> </span>(75<span class=\"_ _1\"></span>7) <span class=\"_ _110\"> </span>(47) <span class=\"_ _1cc\"> </span>(22) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>147)</span> Acquisitions <span class=\"_ _42\"> </span>596 <span class=\"_ _5e\"> </span>7<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>75 <span class=\"_ _5c\"> </span>2.298 <span class=\"_ _7f\"> </span>30.<span class=\"_ _1\"></span>762 <span class=\"_ _68\"> </span><span class=\"ff18\">41.<span class=\"_ _1\"></span>130</span> Cessions <span class=\"_ _13a\"> </span>(625) <span class=\"_ _1a5\"> </span>(352) <span class=\"_ _a1\"> </span>(187) <span class=\"_ _3d\"> </span>(18) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.183)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _1b1\"> </span>(340) <span class=\"_ _ca\"> </span>(31) <span class=\"_ _fa\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(371)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>15.463 <span class=\"_ _34\"> </span>35.296 <span class=\"_ _1ca\"> </span>587 <span class=\"_ _112\"> </span>(51.444) <span class=\"_ _9b\"> </span><span class=\"ff18\">(99)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _124\"> </span>19<span class=\"_ _1\"></span>2.335 <span class=\"_ _55\"> </span>581.<span class=\"_ _1\"></span>034 <span class=\"_ _1a3\"> </span>28.184 <span class=\"_ _1cd\"> </span>30.831 <span class=\"_ _a6\"> </span>832.383 Solde au 1er janvier 2022 <span class=\"_ _6f\"> </span>192.335 <span class=\"_ _55\"> </span>581.034 <span class=\"_ _18f\"> </span>28.<span class=\"_ _1\"></span>184 <span class=\"_ _41\"> </span>30<span class=\"_ _1\"></span>.831 <span class=\"_ _a6\"> </span><span class=\"ff18\">832.383</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _b9\"> </span>1 <span class=\"_ _10\"> </span>4 <span class=\"_ _bb\"> </span>6 <span class=\"_ _64\"> </span>(96) <span class=\"_ _44\"> </span><span class=\"ff18\">(84)</span> Acquisitions <span class=\"_ _98\"> </span>17<span class=\"_ _0\"></span>.146 <span class=\"_ _93\"> </span>6.322 <span class=\"_ _10\"> </span>1.478 <span class=\"_ _56\"> </span>50.985 <span class=\"_ _53\"> </span><span class=\"ff18\">75.932</span> Cessions <span class=\"_ _1ce\"> </span>- <span class=\"_ _65\"> </span>(9) <span class=\"_ _1cf\"> </span>(23) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(32)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1d0\"> </span>(5) <span class=\"_ _a4\"> </span>(1.484) <span class=\"_ _10\"> </span>(188) <span class=\"_ _fa\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18\">(1.677)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _139\"> </span>2.404 <span class=\"_ _33\"> </span>12.556 <span class=\"_ _fe\"> </span>520 <span class=\"_ _3e\"> </span>(17<span class=\"_ _1\"></span>.215) <span class=\"_ _90\"> </span><span class=\"ff18\">(1.735)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f8\"> </span>211.881 <span class=\"_ _67\"> </span>598.424 <span class=\"_ _3d\"> </span>29.977 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _a8\"> </span>904.788  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Amortissements cumul\u00e9s  et pertes de v<span class=\"_ _1\"></span>aleur  Solde au 1 janvier 2021 <span class=\"_ _1d1\"> </span>(68.821) <span class=\"_ _6e\"> </span>(249<span class=\"_ _1\"></span>.778) <span class=\"_ _1d\"> </span>(17<span class=\"_ _1\"></span>.516) <span class=\"_ _fa\"> </span>- <span class=\"_ _97\"> </span><span class=\"ff18\">(336.<span class=\"_ _1\"></span>115)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d2\"> </span>224 <span class=\"_ _64\"> </span>487 <span class=\"_ _1d3\"> </span>37 <span class=\"_ _fa\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff18 lsef ws62\">74<span class=\"_ _8\"></span>8</span> Amortissement <span class=\"_ _1d4\"> </span>(3.238) <span class=\"_ _21\"> </span>(16.0<span class=\"_ _1\"></span>77) <span class=\"_ _3d\"> </span>(1.808) <span class=\"_ _fa\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff18\">(21.122)</span> Cessions <span class=\"_ _13c\"> </span>622 <span class=\"_ _1d\"> </span>298 <span class=\"_ _1d5\"> </span>185 <span class=\"_ _fa\"> </span>- <span class=\"_ _55\"> </span><span class=\"ff18\">1.<span class=\"_ _1\"></span>105</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _3f\"> </span>340 <span class=\"_ _1ac\"> </span>16 <span class=\"_ _fe\"> </span>- <span class=\"_ _a4\"> </span><span class=\"ff18 ls92 ws61\">356</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1d6\"> </span>- <span class=\"_ _1a5\"> </span>(872) <span class=\"_ _110\"> </span>(25) <span class=\"_ _fa\"> </span>- <span class=\"_ _1d7\"> </span><span class=\"ff18\">(898)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c0\"> </span>(71.213) <span class=\"_ _7e\"> </span>(265.602) <span class=\"_ _3d\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(3<span class=\"_ _1\"></span>55.925) Solde au 1 janvier 2022 <span class=\"_ _15c\"> </span>(71.213) <span class=\"_ _90\"> </span>(265.602) <span class=\"_ _5b\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fe\"> </span>- <span class=\"_ _6a\"> </span><span class=\"ff18\">(355.925)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d5\"> </span>(1) <span class=\"_ _1d8\"> </span>(22) <span class=\"_ _11a\"> </span>(4) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(27)</span> Amortissement <span class=\"_ _1d9\"> </span>(3.489) <span class=\"_ _1da\"> </span>(17<span class=\"_ _1\"></span>.528) <span class=\"_ _1d\"> </span>(2.02<span class=\"_ _1\"></span>4) <span class=\"_ _fa\"> </span>- <span class=\"_ _a8\"> </span><span class=\"ff18\">(23.041)</span> Cessions <span class=\"_ _1ce\"> </span>-  <span class=\"_ _1a9\"> </span>9 <span class=\"_ _d0\"> </span>17 <span class=\"_ _fa\"> </span>- <span class=\"_ _93\"> </span><span class=\"ff18\">26</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1db\"> </span>5 <span class=\"_ _1b3\"> </span>1.431 <span class=\"_ _ed\"> </span>187 <span class=\"_ _fa\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff18\">1.623</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1a4\"> </span>8 <span class=\"_ _27\"> </span>(70) <span class=\"_ _11a\"> </span>(5) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(66)</span> D\u00e9pr\u00e9ciation <span class=\"_ _104\"> </span>-  <span class=\"_ _44\"> </span>(1.222) <span class=\"_ _190\"> </span>- <span class=\"_ _fa\"> </span>- <span class=\"_ _90\"> </span><span class=\"ff18\">(1.222)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _132\"> </span>(7<span class=\"_ _1\"></span>4.690) <span class=\"_ _35\"> </span>(283.003) <span class=\"_ _1a5\"> </span>(20<span class=\"_ _1\"></span>.940) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(378.632) V<span class=\"_ _1\"></span>aleurs comptables<span class=\"ff19\"> <span class=\"_ _1dc\"> </span>  <span class=\"_ _1dd\"> </span>  <span class=\"_ _13d\"> </span>  <span class=\"_ _1ca\"> </span>  <span class=\"_ _1cc\"> </span> </span> Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1de\"> </span>108.401 <span class=\"_ _21\"> </span>289.935 <span class=\"_ _1a2\"> </span>8.048 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a6\"> </span><span class=\"ff18\">457<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _1df\"> </span>121.<span class=\"_ _1\"></span>122 <span class=\"_ _1da\"> </span>315.432 <span class=\"_ _99\"> </span>9.07<span class=\"_ _1\"></span>3 <span class=\"_ _71\"> </span>30.831 <span class=\"_ _29\"> </span>476.458</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1e0\"> </span>137<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>192 <span class=\"_ _44\"> </span>315.421 <span class=\"_ _1a2\"> </span>9.038 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _5f\"> </span>526.156 Le montant net des autr<span class=\"_ _1\"></span>es reclassifications c<span class=\"_ _1\"></span>oncerne les actifs incorporels en c<span class=\"_ _1\"></span>onstruction reclas<span class=\"_ _1\"></span>s\u00e9s au cours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en actifs incorporels et des r<span class=\"_ _1\"></span>eclassifications des actifs au titre du dr<span class=\"_ _1\"></span>oit d'utilisation. B. Nantissement Des immobilisations corpor<span class=\"_ _1\"></span>elles d\u2019une valeur comptable de 4<span class=\"_ _1\"></span>9 millions d\u2019eur<span class=\"_ _1\"></span>os sont donn\u00e9es en garanties d\u2019<span class=\"_ _1\"></span>emprunts re\u00e7us par les filiales de Cener<span class=\"_ _1\"></span>gy Holdings (voir la not<span class=\"_ _1\"></span>e 26).<span class=\"_ _8\"></span> C. Immobilisations en cours de c<span class=\"_ _1\"></span>onstruction<span class=\"_ _8\"></span> Les \u00e9l\u00e9ments les plus importants dans les immobilisations corpor<span class=\"_ _1\"></span>elles en cours de cons<span class=\"_ _1\"></span>truction au 31 d\u00e9cembre 2022 conc<span class=\"_ _1\"></span>ernent principalement les inv<span class=\"_ _1\"></span>estissements en cours dans l\u2019usine de Corinthe du segment C\u00e2bles , une d\u00e9pense d\u2019inv<span class=\"_ _1\"></span>estissement de 6,<span class=\"_ _1\"></span>0 millions d\u2019eur<span class=\"_ _1\"></span>os pour soutenir la construction d\u2019une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis et certains in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sements dans l\u2019am\u00e9lioration de la pr<span class=\"_ _1\"></span>oductivit\u00e9 et de la capacit\u00e9 dans l\u2019usine de<span class=\"_ _8\"></span> This<span class=\"_ _1\"></span>vi du segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>. La plupart de ces pr<span class=\"_ _1\"></span>ojets de d\u00e9penses en capital, \u00e0 l\u2019e<span class=\"_ _1\"></span>xclusion de la c<span class=\"_ _1\"></span>onstruction<span class=\"_ _8\"></span> d\u2019une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis, devr<span class=\"_ _1\"></span>aient \u00eatre ache<span class=\"_ _1\"></span>v\u00e9s en 2023. Le montant de 17<span class=\"_ _0\"></span>,2 millions d\u2019eur<span class=\"_ _1\"></span>os reclass\u00e9 des actifs en c<span class=\"_ _1\"></span>onstruction en 2022 conc<span class=\"_ _1\"></span>erne des am\u00e9liorations s\u00e9lectives dans l\u2019usine de tubes d\u2019<span class=\"_ _1\"></span>acier de This<span class=\"_ _1\"></span>vi, en Gr\u00e8ce (6,6 millions d\u2019<span class=\"_ _1\"></span>euros) et des in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sements de 10,6 millions d\u2019<span class=\"_ _1\"></span>euros qui ont \u00e9t\u00e9 r\u00e9alis\u00e9s dans des unit\u00e9s de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles. Les co\u00fbts d\u2019<span class=\"_ _1\"></span>emprunt de 344 milliers<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros li\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>acquisition de nouvelles machines ont \u00e9t\u00e9 capitalis\u00e9s, calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de capitalisation de<span class=\"_ _8\"></span> 4,08 %. D<span class=\"_ _1\"></span>. D\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> En 2022, la d\u00e9pr\u00e9ciation de 1.222 milliers d\u2019<span class=\"_ _1\"></span>euros a r<span class=\"_ _1\"></span>epr\u00e9sent\u00e9 la r\u00e9duction de la valeur r<span class=\"_ _1\"></span>ecouvrable de c<span class=\"_ _1\"></span>ertaines<span class=\"_ _8\"></span> machines dans le segment C\u00e2bles en raison de l'obsolesc<span class=\"_ _1\"></span>ence technologique et de l\u2019<span class=\"_ _1\"></span>arr\u00eat de certaines activit\u00e9s<span class=\"_ _8\"></span> du segment. Cette d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion a \u00e9t\u00e9 comptabilis\u00e9e dans le compte de r\u00e9sultat en \u00ab autr<span class=\"_ _1\"></span>es charges \u00bb. La v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrable de ces machines a \u00e9t\u00e9 fix\u00e9e \u00e0 la v<span class=\"_ _1\"></span>aleur de rebut. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-192-4": {
   "value": "A. Rapprochement des v<span class=\"_ _1\"></span>aleurs comptables  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Co\u00fbt <span class=\"_ _10c\"> </span> <span class=\"_ _1ca\"> </span> <span class=\"_ _b7\"> </span> <span class=\"_ _ed\"> </span> <span class=\"_ _f7\"> </span>  Solde au 1er janvier 2021 <span class=\"_ _122\"> </span>177<span class=\"_ _1\"></span>.222 <span class=\"_ _9b\"> </span>539.713 <span class=\"_ _65\"> </span>25.564 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a8\"> </span><span class=\"ff18\">794.<span class=\"_ _1\"></span>052</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _99\"> </span>(321) <span class=\"_ _1cb\"> </span>(75<span class=\"_ _1\"></span>7) <span class=\"_ _110\"> </span>(47) <span class=\"_ _1cc\"> </span>(22) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>147)</span> Acquisitions <span class=\"_ _42\"> </span>596 <span class=\"_ _5e\"> </span>7<span class=\"_ _1\"></span>.4<span class=\"_ _1\"></span>75 <span class=\"_ _5c\"> </span>2.298 <span class=\"_ _7f\"> </span>30.<span class=\"_ _1\"></span>762 <span class=\"_ _68\"> </span><span class=\"ff18\">41.<span class=\"_ _1\"></span>130</span> Cessions <span class=\"_ _13a\"> </span>(625) <span class=\"_ _1a5\"> </span>(352) <span class=\"_ _a1\"> </span>(187) <span class=\"_ _3d\"> </span>(18) <span class=\"_ _8d\"> </span><span class=\"ff18\">(1.183)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _1b1\"> </span>(340) <span class=\"_ _ca\"> </span>(31) <span class=\"_ _fa\"> </span>-  <span class=\"_ _9d\"> </span><span class=\"ff18\">(371)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>15.463 <span class=\"_ _34\"> </span>35.296 <span class=\"_ _1ca\"> </span>587 <span class=\"_ _112\"> </span>(51.444) <span class=\"_ _9b\"> </span><span class=\"ff18\">(99)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _124\"> </span>19<span class=\"_ _1\"></span>2.335 <span class=\"_ _55\"> </span>581.<span class=\"_ _1\"></span>034 <span class=\"_ _1a3\"> </span>28.184 <span class=\"_ _1cd\"> </span>30.831 <span class=\"_ _a6\"> </span>832.383 Solde au 1er janvier 2022 <span class=\"_ _6f\"> </span>192.335 <span class=\"_ _55\"> </span>581.034 <span class=\"_ _18f\"> </span>28.<span class=\"_ _1\"></span>184 <span class=\"_ _41\"> </span>30<span class=\"_ _1\"></span>.831 <span class=\"_ _a6\"> </span><span class=\"ff18\">832.383</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _b9\"> </span>1 <span class=\"_ _10\"> </span>4 <span class=\"_ _bb\"> </span>6 <span class=\"_ _64\"> </span>(96) <span class=\"_ _44\"> </span><span class=\"ff18\">(84)</span> Acquisitions <span class=\"_ _98\"> </span>17<span class=\"_ _0\"></span>.146 <span class=\"_ _93\"> </span>6.322 <span class=\"_ _10\"> </span>1.478 <span class=\"_ _56\"> </span>50.985 <span class=\"_ _53\"> </span><span class=\"ff18\">75.932</span> Cessions <span class=\"_ _1ce\"> </span>- <span class=\"_ _65\"> </span>(9) <span class=\"_ _1cf\"> </span>(23) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(32)</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1d0\"> </span>(5) <span class=\"_ _a4\"> </span>(1.484) <span class=\"_ _10\"> </span>(188) <span class=\"_ _fa\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18\">(1.677)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _139\"> </span>2.404 <span class=\"_ _33\"> </span>12.556 <span class=\"_ _fe\"> </span>520 <span class=\"_ _3e\"> </span>(17<span class=\"_ _1\"></span>.215) <span class=\"_ _90\"> </span><span class=\"ff18\">(1.735)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f8\"> </span>211.881 <span class=\"_ _67\"> </span>598.424 <span class=\"_ _3d\"> </span>29.977 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _a8\"> </span>904.788  <span class=\"_ _40\"> </span> <span class=\"_ _44\"> </span> Installations<span class=\"_ _8\"></span>  <span class=\"_ _1c9\"> </span>T<span class=\"_ _0\"></span>errains  <span class=\"_ _110\"> </span> <span class=\"_ _19e\"> </span>et autres  <span class=\"_ _91\"> </span>En cours de   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _184\"> </span>et immeubles  <span class=\"_ _96\"> </span>Machines  <span class=\"_ _90\"> </span>\u00e9quipements  <span class=\"_ _1a1\"> </span> construction  <span class=\"_ _62\"> </span>T<span class=\"_ _0\"></span>otal<span class=\"_ _7\"></span>  Amortissements cumul\u00e9s  et pertes de v<span class=\"_ _1\"></span>aleur  Solde au 1 janvier 2021 <span class=\"_ _1d1\"> </span>(68.821) <span class=\"_ _6e\"> </span>(249<span class=\"_ _1\"></span>.778) <span class=\"_ _1d\"> </span>(17<span class=\"_ _1\"></span>.516) <span class=\"_ _fa\"> </span>- <span class=\"_ _97\"> </span><span class=\"ff18\">(336.<span class=\"_ _1\"></span>115)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d2\"> </span>224 <span class=\"_ _64\"> </span>487 <span class=\"_ _1d3\"> </span>37 <span class=\"_ _fa\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff18 lsef ws62\">74<span class=\"_ _8\"></span>8</span> Amortissement <span class=\"_ _1d4\"> </span>(3.238) <span class=\"_ _21\"> </span>(16.0<span class=\"_ _1\"></span>77) <span class=\"_ _3d\"> </span>(1.808) <span class=\"_ _fa\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff18\">(21.122)</span> Cessions <span class=\"_ _13c\"> </span>622 <span class=\"_ _1d\"> </span>298 <span class=\"_ _1d5\"> </span>185 <span class=\"_ _fa\"> </span>- <span class=\"_ _55\"> </span><span class=\"ff18\">1.<span class=\"_ _1\"></span>105</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _45\"> </span>- <span class=\"_ _3f\"> </span>340 <span class=\"_ _1ac\"> </span>16 <span class=\"_ _fe\"> </span>- <span class=\"_ _a4\"> </span><span class=\"ff18 ls92 ws61\">356</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1d6\"> </span>- <span class=\"_ _1a5\"> </span>(872) <span class=\"_ _110\"> </span>(25) <span class=\"_ _fa\"> </span>- <span class=\"_ _1d7\"> </span><span class=\"ff18\">(898)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c0\"> </span>(71.213) <span class=\"_ _7e\"> </span>(265.602) <span class=\"_ _3d\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(3<span class=\"_ _1\"></span>55.925) Solde au 1 janvier 2022 <span class=\"_ _15c\"> </span>(71.213) <span class=\"_ _90\"> </span>(265.602) <span class=\"_ _5b\"> </span>(19.<span class=\"_ _1\"></span>111) <span class=\"_ _fe\"> </span>- <span class=\"_ _6a\"> </span><span class=\"ff18\">(355.925)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1d5\"> </span>(1) <span class=\"_ _1d8\"> </span>(22) <span class=\"_ _11a\"> </span>(4) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(27)</span> Amortissement <span class=\"_ _1d9\"> </span>(3.489) <span class=\"_ _1da\"> </span>(17<span class=\"_ _1\"></span>.528) <span class=\"_ _1d\"> </span>(2.02<span class=\"_ _1\"></span>4) <span class=\"_ _fa\"> </span>- <span class=\"_ _a8\"> </span><span class=\"ff18\">(23.041)</span> Cessions <span class=\"_ _1ce\"> </span>-  <span class=\"_ _1a9\"> </span>9 <span class=\"_ _d0\"> </span>17 <span class=\"_ _fa\"> </span>- <span class=\"_ _93\"> </span><span class=\"ff18\">26</span> Perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _1db\"> </span>5 <span class=\"_ _1b3\"> </span>1.431 <span class=\"_ _ed\"> </span>187 <span class=\"_ _fa\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff18\">1.623</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1a4\"> </span>8 <span class=\"_ _27\"> </span>(70) <span class=\"_ _11a\"> </span>(5) <span class=\"_ _fa\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(66)</span> D\u00e9pr\u00e9ciation <span class=\"_ _104\"> </span>-  <span class=\"_ _44\"> </span>(1.222) <span class=\"_ _190\"> </span>- <span class=\"_ _fa\"> </span>- <span class=\"_ _90\"> </span><span class=\"ff18\">(1.222)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _132\"> </span>(7<span class=\"_ _1\"></span>4.690) <span class=\"_ _35\"> </span>(283.003) <span class=\"_ _1a5\"> </span>(20<span class=\"_ _1\"></span>.940) <span class=\"_ _fa\"> </span>- <span class=\"_ _1a1\"> </span>(378.632) V<span class=\"_ _1\"></span>aleurs comptables<span class=\"ff19\"> <span class=\"_ _1dc\"> </span>  <span class=\"_ _1dd\"> </span>  <span class=\"_ _13d\"> </span>  <span class=\"_ _1ca\"> </span>  <span class=\"_ _1cc\"> </span> </span> Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1de\"> </span>108.401 <span class=\"_ _21\"> </span>289.935 <span class=\"_ _1a2\"> </span>8.048 <span class=\"_ _93\"> </span>51.553 <span class=\"_ _a6\"> </span><span class=\"ff18\">457<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _1df\"> </span>121.<span class=\"_ _1\"></span>122 <span class=\"_ _1da\"> </span>315.432 <span class=\"_ _99\"> </span>9.07<span class=\"_ _1\"></span>3 <span class=\"_ _71\"> </span>30.831 <span class=\"_ _29\"> </span>476.458</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1e0\"> </span>137<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>192 <span class=\"_ _44\"> </span>315.421 <span class=\"_ _1a2\"> </span>9.038 <span class=\"_ _34\"> </span>64.506 <span class=\"_ _5f\"> </span>526.156 Le montant net des autr<span class=\"_ _1\"></span>es reclassifications c<span class=\"_ _1\"></span>oncerne les actifs incorporels en c<span class=\"_ _1\"></span>onstruction reclas<span class=\"_ _1\"></span>s\u00e9s au cours de<span class=\"_ _8\"></span> l'ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e en actifs incorporels et des r<span class=\"_ _1\"></span>eclassifications des actifs au titre du dr<span class=\"_ _1\"></span>oit d'utilisation. D<span class=\"_ _1\"></span>. D\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> En 2022, la d\u00e9pr\u00e9ciation de 1.222 milliers d\u2019<span class=\"_ _1\"></span>euros a r<span class=\"_ _1\"></span>epr\u00e9sent\u00e9 la r\u00e9duction de la valeur r<span class=\"_ _1\"></span>ecouvrable de c<span class=\"_ _1\"></span>ertaines<span class=\"_ _8\"></span> machines dans le segment C\u00e2bles en raison de l'obsolesc<span class=\"_ _1\"></span>ence technologique et de l\u2019<span class=\"_ _1\"></span>arr\u00eat de certaines activit\u00e9s<span class=\"_ _8\"></span> du segment. Cette d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion a \u00e9t\u00e9 comptabilis\u00e9e dans le compte de r\u00e9sultat en \u00ab autr<span class=\"_ _1\"></span>es charges \u00bb. La v<span class=\"_ _1\"></span>aleur<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrable de ces machines a \u00e9t\u00e9 fix\u00e9e \u00e0 la v<span class=\"_ _1\"></span>aleur de rebut. A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Co\u00fbt<span class=\"ff19\"> <span class=\"_ _1c3\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span>  <span class=\"_ _1f5\"> </span>  <span class=\"_ _1d\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1f6\"> </span>1.57<span class=\"_ _1\"></span>5 <span class=\"_ _1d\"> </span>30.<span class=\"_ _1\"></span>189 <span class=\"_ _3f\"> </span>16.512 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _90\"> </span><span class=\"ff18\">48.5<span class=\"_ _1\"></span>78</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _65\"> </span>(83) <span class=\"_ _1f7\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(83)</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _109\"> </span>1.446 <span class=\"_ _1a8\"> </span>1.962 <span class=\"_ _1f7\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">3.408</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>(1.200) <span class=\"_ _1a2\"> </span>1.610 <span class=\"_ _10d\"> </span>1.697 <span class=\"_ _19f\"> </span>-  <span class=\"_ _1d7\"> </span>2.10<span class=\"_ _1\"></span>7 Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1d1\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1e\"> </span>33.245 <span class=\"_ _1a5\"> </span>20.<span class=\"_ _1\"></span>087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>54.010 Solde au 1 janvier 2022 <span class=\"_ _195\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _89\"> </span>33.2<span class=\"_ _1\"></span>45 <span class=\"_ _5e\"> </span>20<span class=\"_ _1\"></span>.087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span><span class=\"ff18\">54.010</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _ed\"> </span>2 <span class=\"_ _1f7\"> </span>- <span class=\"_ _1e\"> </span><span class=\"ff18\">2</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _fd\"> </span>1.47<span class=\"_ _1\"></span>9 <span class=\"_ _3d\"> </span>1.597 <span class=\"_ _19f\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff18\">3.077</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1f8\"> </span>- <span class=\"_ _84\"> </span>386 <span class=\"_ _5b\"> </span>1.361 <span class=\"_ _19f\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18 lsef ws62\">1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _7\"></span>7</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f5\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _5b\"> </span>35.111 <span class=\"_ _93\"> </span>23.048 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>58.836 <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Amortissement cumul\u00e9 et  pertes de v<span class=\"_ _1\"></span>aleur<span class=\"ff19\"> <span class=\"_ _1f9\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span><span class=\"fc6 sc0\"> </span> <span class=\"_ _1f5\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1fa\"> </span>(902) <span class=\"_ _89\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>16) <span class=\"_ _1cd\"> </span>(10.514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(224) <span class=\"_ _29\"> </span><span class=\"ff18\">(19.256)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _1f5\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">55</span> Amortissements <span class=\"_ _1dc\"> </span>(80) <span class=\"_ _1d8\"> </span>(1.962) <span class=\"_ _46\"> </span>(1.7<span class=\"_ _1\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _27\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(3.821)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1fb\"> </span>608 <span class=\"_ _1fc\"> </span>-  <span class=\"_ _89\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _9b\"> </span><span class=\"ff18 ls94 ws5c\">267</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _ea\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _1b3\"> </span>(9.578) <span class=\"_ _94\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _91\"> </span>(22.7<span class=\"_ _1\"></span>55) Solde au 1 janvier 2022 <span class=\"_ _1fd\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _27\"> </span>(9.5<span class=\"_ _1\"></span>78) <span class=\"_ _43\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _7f\"> </span>(237) <span class=\"_ _91\"> </span><span class=\"ff18\">(22.755)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _cd\"> </span> - <span class=\"_ _1d3\"> </span> - <span class=\"_ _e8\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _63\"> </span> - <span class=\"_ _27\"> </span><span class=\"ff18\"> -</span> Amortissements <span class=\"_ _1db\"> </span>-  <span class=\"_ _1b3\"> </span>(2.217) <span class=\"_ _5e\"> </span>(1.894)<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(4.<span class=\"_ _1\"></span>123)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _130\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _5e\"> </span>(11.795) <span class=\"_ _56\"> </span>(14.461)<span class=\"fc6 sc0\"> </span><span class=\"_ _113\"> </span>(250) <span class=\"_ _ac\"> </span>(26.87<span class=\"_ _1\"></span>9) V<span class=\"_ _1\"></span>aleurs comptables nettes <span class=\"_ _1fe\"> </span> <span class=\"_ _1ff\"> </span> <span class=\"_ _1ac\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _1d2\"> </span>  Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c2\"> </span>673 <span class=\"_ _64\"> </span>22.5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 <span class=\"_ _64\"> </span>5.997<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>79 <span class=\"_ _90\"> </span><span class=\"ff18\">29.323</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _200\"> </span>-  <span class=\"_ _19e\"> </span>23.667 <span class=\"_ _10d\"> </span>7<span class=\"_ _1\"></span>.521<span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>66 <span class=\"_ _8d\"> </span>31.254</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1b2\"> </span>-  <span class=\"_ _27\"> </span>23.316 <span class=\"_ _64\"> </span>8.588<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>53 <span class=\"_ _ef\"> </span>31.957D<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ests de d\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> Ces immobilisations incorpor<span class=\"_ _1\"></span>elles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UG<span class=\"_ _1\"></span>T du site de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles sous-marins de Fulgor<span class=\"_ _8\"></span> qui int\u00e8gre c<span class=\"_ _1\"></span>es actifs. Pour \u00e9valuer la v<span class=\"_ _1\"></span>aleur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie f<span class=\"_ _1\"></span>ond\u00e9es sur des estimations de la Direction c<span class=\"_ _1\"></span>ouvrant une p\u00e9riode de cinq ans (2023 \u2013 202<span class=\"_ _1\"></span>7). Ces<span class=\"_ _8\"></span> projections tiennent c<span class=\"_ _1\"></span>ompte des contr<span class=\"_ _1\"></span>ats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats a<span class=\"_ _1\"></span>ttendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>. L'UGT des c\u00e2bles sous-marins f<span class=\"_ _1\"></span>onctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par c<span class=\"_ _1\"></span>ons\u00e9quent, les hypoth\u00e8ses relativ<span class=\"_ _1\"></span>es \u00e0 la crois<span class=\"_ _1\"></span>sance du chiffre d'aff<span class=\"_ _1\"></span>aires et de la rentabilit\u00e9 sont bas\u00e9es sur les c<span class=\"_ _1\"></span>ontrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui de<span class=\"_ _1\"></span>vraient \u00eatr<span class=\"_ _1\"></span>e entrepris au cours de la p\u00e9riode \u00e0 v<span class=\"_ _1\"></span>enir<span class=\"_ _1\"></span>. Les principales hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les pr<span class=\"_ _1\"></span>ojets \u00e0 ex\u00e9cuter au c<span class=\"_ _1\"></span>ours de la p\u00e9riode de cinq ans sont les suivantes : \u2022 <span class=\"_ _20\"> </span>Utilisa<span class=\"_ _1\"></span>tion progres<span class=\"_ _1\"></span>sivement \u00e9le<span class=\"_ _1\"></span>v\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>omme celle<span class=\"_ _8\"></span> observ\u00e9e au cours des 3 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 a<span class=\"_ _1\"></span>ttribu\u00e9s et de ceux attendus c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> tenu de l\u2019<span class=\"_ _1\"></span>activit\u00e9 d\u2019appel d\u2019<span class=\"_ _1\"></span>offres. Compt<span class=\"_ _1\"></span>e tenu du carnet de commandes e<span class=\"_ _1\"></span>xistant et de la croissanc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> activit\u00e9s li\u00e9es aux \u00e9nergies r<span class=\"_ _1\"></span>enouvelables dans le monde entier<span class=\"_ _0\"></span>, qui est un facteur important des perspectiv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> attr<span class=\"_ _1\"></span>ayant<span class=\"_ _1\"></span>es du march\u00e9 de la production d\u2019\u00e9ner<span class=\"_ _1\"></span>gie en mer<span class=\"_ _1\"></span>, le niv<span class=\"_ _1\"></span>eau d\u2019activit\u00e9 \u00e9lev\u00e9 de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e maintenu tout au long de la p\u00e9riode 2023-202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. \u2022 <span class=\"_ _20\"> </span>D\u00e9penses d\u2019in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sement d\u2019en<span class=\"_ _1\"></span>viron 189 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de pr<span class=\"_ _1\"></span>oduction et de capacit\u00e9. Les d\u00e9penses d\u2019inv<span class=\"_ _1\"></span>estissement r<span class=\"_ _1\"></span>efl\u00e8tent les inv<span class=\"_ _1\"></span>estissements pour la maintenanc<span class=\"_ _1\"></span>e ainsi que la croissanc<span class=\"_ _1\"></span>e organique. Pour la p\u00e9riode t<span class=\"_ _1\"></span>erminale, l\u2019hypoth\u00e8se est que les inv<span class=\"_ _1\"></span>estissements sont \u00e9gaux \u00e0 l\u2019<span class=\"_ _1\"></span>amortissement. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires de l\u2019<span class=\"_ _1\"></span>activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 envir<span class=\"_ _1\"></span>on 24 %, en r<span class=\"_ _1\"></span>aison de l\u2019attribution de nouv<span class=\"_ _1\"></span>eaux projets, principalement en Gr\u00e8ce<span class=\"_ _1\"></span>, en Europe du Nord et aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>La mar<span class=\"_ _1\"></span>ge EBITD<span class=\"_ _1\"></span>A par projet offshor<span class=\"_ _1\"></span>e est suppos\u00e9e se situer dans une fourchett<span class=\"_ _1\"></span>e de 15 % \u00e0 25 % du chiffre d\u2019aff<span class=\"_ _1\"></span>aires. La rentabilit\u00e9 es<span class=\"_ _1\"></span>tim\u00e9e par projet varie en f<span class=\"_ _1\"></span>onction des diff\u00e9rents types de c\u00e2bles r<span class=\"_ _1\"></span>equis, des<span class=\"_ _8\"></span> sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ogr<span class=\"_ _1\"></span>aphique et du calendrier du projet.  \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 des frais d\u2019<span class=\"_ _1\"></span>exploita<span class=\"_ _1\"></span>tion fixes est suppos\u00e9 \u00e9gal \u00e0 en<span class=\"_ _1\"></span>viron 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de croissanc<span class=\"_ _1\"></span>e \u00e0 long<span class=\"_ _8\"></span> terme estim\u00e9 de 1,5<span class=\"_ _1\"></span>2%, qui refl\u00e8te principalement les estima<span class=\"_ _1\"></span>tions de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de cr<span class=\"_ _1\"></span>oissance \u00e0 long t<span class=\"_ _1\"></span>erme du secteur des c\u00e2bles offshore. L<span class=\"_ _1\"></span>e taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de c<span class=\"_ _1\"></span>es flux de tr\u00e9sorerie \u00e9tait de 12,0<span class=\"_ _1\"></span>2%, sur la base des hypoth\u00e8ses suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations eur<span class=\"_ _1\"></span>op\u00e9ennes AAA.\u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la c<span class=\"_ _1\"></span>omposition des ventes futur<span class=\"_ _1\"></span>es attendues et sur le fait que l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale est bas\u00e9e en Gr\u00e8ce.\u2022 <span class=\"_ _20\"> </span>La prime de risque de mar<span class=\"_ _1\"></span>ch\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e plus \u00e9lev\u00e9e que c<span class=\"_ _1\"></span>elle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8r<span class=\"_ _1\"></span>e, \u00e9tant donn\u00e9 que les conditions de mar<span class=\"_ _1\"></span>ch\u00e9 se sont d\u00e9t\u00e9rior\u00e9es.<span class=\"_ _8\"></span> Les prix <span class=\"_ _8\"></span>des produits de base pour le cuivr<span class=\"_ _1\"></span>e et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du t<span class=\"_ _1\"></span>est<span class=\"_ _8\"></span> de d\u00e9pr<span class=\"_ _1\"></span>\u00e9ciation ;<span class=\"_ _1\"></span> toutefois, les activit\u00e9s de c<span class=\"_ _1\"></span>ouverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la na<span class=\"_ _1\"></span>ture personnalis\u00e9e des produits v<span class=\"_ _1\"></span>endus par Fulgor<span class=\"_ _1\"></span>, sugg\u00e8r<span class=\"_ _1\"></span>ent que la valeur de l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale n\u2019<span class=\"_ _1\"></span>est pas affect\u00e9e de mani\u00e8re significativ<span class=\"_ _1\"></span>e par les fluctuations des prix des produits de base. Par c<span class=\"_ _1\"></span>ons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le cont<span class=\"_ _1\"></span>exte du t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation.<span class=\"_ _8\"></span> Les r\u00e9sultats de ce t<span class=\"_ _1\"></span>est indiquent que la valeur r<span class=\"_ _1\"></span>ecouvrable au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 d\u00e9pas<span class=\"_ _1\"></span>se de 688 millions d\u2019eur<span class=\"_ _1\"></span>os la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable de l\u2019UGT (soit 233 millions d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Une analyse de sensibilit\u00e9 portant sur les principales h<span class=\"_ _1\"></span>ypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et crois<span class=\"_ _1\"></span>sance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019<span class=\"_ _1\"></span>ad\u00e9quation de la marge de s\u00e9curit\u00e9. L<span class=\"_ _1\"></span>es r\u00e9sultats de cette analy<span class=\"_ _1\"></span>se de<span class=\"_ _8\"></span> sensibilit\u00e9 ont indiqu\u00e9 que le montant rec<span class=\"_ _1\"></span>ouvrable e<span class=\"_ _1\"></span>xc\u00e8de nettement la v<span class=\"_ _1\"></span>aleur comptable de l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>. Les hypoth\u00e8ses peuvent changer c<span class=\"_ _1\"></span>omme suit pour que la valeur r<span class=\"_ _1\"></span>ecouvrable soit \u00e9gale \u00e0 la v<span class=\"_ _1\"></span>aleur comptable :  Hypoth\u00e8ses utilis\u00e9es V<span class=\"_ _1\"></span>ariation de taux  (<span class=\"_ _1\"></span>en points de pourcentage<span class=\"_ _1\"></span>)<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  T<span class=\"_ _0\"></span>aux d\u2019actualisation <span class=\"_ _1e2\"> </span>12,<span class=\"_ _1\"></span>02 % <span class=\"_ _203\"> </span>+ 14,5 ppc Croissance perp\u00e9tuelle <span class=\"_ _154\"> </span>1,52 % <span class=\"_ _1a7\"> </span>- 118,<span class=\"_ _1\"></span>0 ppcA. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1e7\"> </span>7<span class=\"_ _1\"></span>64 <span class=\"_ _df\"> </span>764 Cession <span class=\"_ _150\"> </span>(609) <span class=\"_ _204\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _1ed\"> </span>155 <span class=\"_ _e2\"> </span>764 V<span class=\"_ _1\"></span>aleur comptable brute <span class=\"_ _205\"> </span>571 <span class=\"_ _180\"> </span>1.348 Amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _206\"> </span>(416) <span class=\"_ _145\"> </span>(584) V<span class=\"_ _1\"></span>aleur comptable le 31 d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1e2\"> </span>155 <span class=\"_ _e2\"> </span>764Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, les biens immobiliers de placements c<span class=\"_ _1\"></span>onsistent en plusieurs propri\u00e9t\u00e9s f<span class=\"_ _1\"></span>onci\u00e8res, en Gr\u00e8ce. Aucun d\u2019<span class=\"_ _1\"></span>entre eux n\u2019<span class=\"_ _1\"></span>est lou\u00e9 actuellement. Ces pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9s ne sont pas actuellement utilis\u00e9es par Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> et sont d\u00e9tenues soit pour r\u00e9aliser une plus-v<span class=\"_ _1\"></span>alue en capital soit pour \u00eatre lou\u00e9es dans un a<span class=\"_ _1\"></span>venir pr<span class=\"_ _1\"></span>oche.<span class=\"_ _8\"></span> En 2022, un bien foncier d'une v<span class=\"_ _1\"></span>aleur comptable de 609 milliers d'euros ainsi que des dr<span class=\"_ _1\"></span>oits associ\u00e9s de 151 milliers d'euros (inscrits dans la ligne \u00ab Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs \u00bb \u00e0 long t<span class=\"_ _1\"></span>erme) ont \u00e9t\u00e9 v<span class=\"_ _1\"></span>endus \u00e0 un tiers. Le<span class=\"_ _8\"></span> produit de c<span class=\"_ _1\"></span>ette cession s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 1,<span class=\"_ _1\"></span>1 millions d'euros. B. \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur \u2013 pert<span class=\"_ _1\"></span>e de valeur et reprise subs\u00e9quent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon l\u2019\u00e9valuation de la dir<span class=\"_ _1\"></span>ection, au cours de la p\u00e9riode en cours, il n\u2019y a<span class=\"_ _1\"></span>vait aucune indication de pert<span class=\"_ _1\"></span>e de valeur ou de reprise de pert<span class=\"_ _1\"></span>e de valeur d\u2019un bien immobilier<span class=\"_ _1\"></span>. La jus<span class=\"_ _1\"></span>te valeur des biens immobiliers s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 195 milliers d'euros au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, tandis que la perte de v<span class=\"_ _1\"></span>aleur cumul\u00e9e s'\u00e9l\u00e8ve \u00e0 416 milliers d'eur<span class=\"_ _1\"></span>os. Les fact<span class=\"_ _1\"></span>eurs utilis\u00e9s<span class=\"_ _8\"></span> pour la mesure de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers ont \u00e9t\u00e9 class\u00e9s au niv<span class=\"_ _1\"></span>eau 2, en fonction des techniques d'\u00e9valuation utilis\u00e9es. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-195-3": {
   "value": "C. Immobilisations en cours de c<span class=\"_ _1\"></span>onstruction<span class=\"_ _8\"></span> Les \u00e9l\u00e9ments les plus importants dans les immobilisations corpor<span class=\"_ _1\"></span>elles en cours de cons<span class=\"_ _1\"></span>truction au 31 d\u00e9cembre 2022 conc<span class=\"_ _1\"></span>ernent principalement les inv<span class=\"_ _1\"></span>estissements en cours dans l\u2019usine de Corinthe du segment C\u00e2bles , une d\u00e9pense d\u2019inv<span class=\"_ _1\"></span>estissement de 6,<span class=\"_ _1\"></span>0 millions d\u2019eur<span class=\"_ _1\"></span>os pour soutenir la construction d\u2019une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis et certains in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sements dans l\u2019am\u00e9lioration de la pr<span class=\"_ _1\"></span>oductivit\u00e9 et de la capacit\u00e9 dans l\u2019usine de<span class=\"_ _8\"></span> This<span class=\"_ _1\"></span>vi du segment T<span class=\"_ _1\"></span>ubes d\u2019<span class=\"_ _1\"></span>acier<span class=\"_ _1\"></span>. La plupart de ces pr<span class=\"_ _1\"></span>ojets de d\u00e9penses en capital, \u00e0 l\u2019e<span class=\"_ _1\"></span>xclusion de la c<span class=\"_ _1\"></span>onstruction<span class=\"_ _8\"></span> d\u2019une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis, devr<span class=\"_ _1\"></span>aient \u00eatre ache<span class=\"_ _1\"></span>v\u00e9s en 2023. Le montant de 17<span class=\"_ _0\"></span>,2 millions d\u2019eur<span class=\"_ _1\"></span>os reclass\u00e9 des actifs en c<span class=\"_ _1\"></span>onstruction en 2022 conc<span class=\"_ _1\"></span>erne des am\u00e9liorations s\u00e9lectives dans l\u2019usine de tubes d\u2019<span class=\"_ _1\"></span>acier de This<span class=\"_ _1\"></span>vi, en Gr\u00e8ce (6,6 millions d\u2019<span class=\"_ _1\"></span>euros) et des in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sements de 10,6 millions d\u2019<span class=\"_ _1\"></span>euros qui ont \u00e9t\u00e9 r\u00e9alis\u00e9s dans des unit\u00e9s de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles. Les co\u00fbts d\u2019<span class=\"_ _1\"></span>emprunt de 344 milliers<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>euros li\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>acquisition de nouvelles machines ont \u00e9t\u00e9 capitalis\u00e9s, calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de capitalisation de<span class=\"_ _8\"></span> 4,08 %. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-197-2": {
   "value": "18. Contr<span class=\"_ _1\"></span>ats de location<span class=\"_ _8\"></span> A. Montants comptabilis\u00e9s dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 de la situation financi\u00e8re L'\u00e9tat consolid\u00e9 de la situation financi\u00e8r<span class=\"_ _1\"></span>e fait appar<span class=\"_ _1\"></span>a\u00eetre les montants suivants en c<span class=\"_ _1\"></span>e qui concerne les contr<span class=\"_ _1\"></span>ats de location :  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Actifs au titr<span class=\"_ _1\"></span>e du droit d'utilisation <span class=\"_ _1e1\"> </span> <span class=\"_ _1a0\"> </span>  B\u00e2timents <span class=\"_ _dd\"> </span> <span class=\"_ _1c6\"> </span>358 <span class=\"_ _f8\"> </span>408 Machines <span class=\"_ _1e2\"> </span> <span class=\"_ _1c6\"> </span>578 <span class=\"_ _12b\"> </span>598 Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _1e3\"> </span> <span class=\"_ _11d\"> </span>2.731 <span class=\"_ _e2\"> </span>2.347 Autres \u00e9quipements <span class=\"_ _9c\"> </span> <span class=\"_ _12c\"> </span>97 <span class=\"_ _1c8\"> </span>116 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _180\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _15f\"> </span>3.469 Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _1ce\"> </span> <span class=\"_ _6b\"> </span>  Obligations locativ<span class=\"_ _1\"></span>es courantes <span class=\"_ _47\"> </span>26 <span class=\"_ _132\"> </span>1.224 <span class=\"_ _129\"> </span>1.216 Obligations locativ<span class=\"_ _1\"></span>es non courantes <span class=\"_ _10b\"> </span>26 <span class=\"_ _11c\"> </span>2.233 <span class=\"_ _11d\"> </span>2.080 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _180\"> </span>3.457 <span class=\"_ _198\"> </span>3.296B. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable des actifs au titre du droit d'utilisa<span class=\"_ _1\"></span>tion<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier  <span class=\"_ _1e4\"> </span>3.469 <span class=\"_ _186\"> </span>5.598 Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _1e5\"> </span>29 <span class=\"_ _1c8\"> </span>6 Acquisitions <span class=\"_ _1e6\"> </span>1.597 <span class=\"_ _198\"> </span>909 Fin d'utilisation  <span class=\"_ _1e7\"> </span>(194) <span class=\"_ _d5\"> </span>(176) Modifications  <span class=\"_ _1e8\"> </span>29 <span class=\"_ _c8\"> </span>- Amortissements  <span class=\"_ _17d\"> </span>(1.221) <span class=\"_ _18a\"> </span>(1.490) Autres r<span class=\"_ _1\"></span>eclassifications  <span class=\"_ _172\"> </span>54 <span class=\"_ _be\"> </span>(1.377) Solde au 31 d\u00e9cembre  <span class=\"_ _1e9\"> </span>3.7<span class=\"_ _1\"></span>64 <span class=\"_ _d7\"> </span>3.469C. Montants comptabilis\u00e9s dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats<span class=\"_ _8\"></span> Le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 fait appar<span class=\"_ _1\"></span>a\u00eetre les montants suiv<span class=\"_ _1\"></span>ants en relation av<span class=\"_ _1\"></span>ec les contr<span class=\"_ _1\"></span>ats de location :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Amortissement des actifs au titre du dr<span class=\"_ _1\"></span>oit d\u2019utilisation <span class=\"_ _1ea\"> </span>  B\u00e2timents <span class=\"_ _c2\"> </span>76 <span class=\"_ _1eb\"> </span>68 Machines <span class=\"_ _1ec\"> </span>51 <span class=\"_ _16b\"> </span>252 Moy<span class=\"_ _1\"></span>ens de transport <span class=\"_ _1ed\"> </span>1.029 <span class=\"_ _116\"> </span>1.10<span class=\"_ _1\"></span>7 Autres \u00e9quipements <span class=\"_ _1ee\"> </span>64 <span class=\"_ _1eb\"> </span>63 T<span class=\"_ _0\"></span>otal <span class=\"_ _1ef\"> </span>1.221 <span class=\"_ _186\"> </span>1.490 Frais d'int\u00e9r\u00eat (inclus dans le c<span class=\"_ _1\"></span>o\u00fbt financier) <span class=\"_ _95\"> </span>226 <span class=\"_ _df\"> </span>207 Lo<span class=\"_ _1\"></span>yers variables <span class=\"_ _1f1\"> </span>27<span class=\"_ _0\"></span>4 <span class=\"_ _1c6\"> </span>123 Lo<span class=\"_ _1\"></span>yers de faible v<span class=\"_ _1\"></span>aleur <span class=\"_ _1f2\"> </span>27<span class=\"_ _1\"></span>5 <span class=\"_ _133\"> </span>190 Lo<span class=\"_ _1\"></span>yers \u00e0 court terme <span class=\"_ _102\"> </span>2.865 <span class=\"_ _128\"> </span>1.680 <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Passifs non cour<span class=\"_ _1\"></span>ants <span class=\"_ _22c\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _151\"> </span>3.530 <span class=\"_ _d5\"> </span>5.791 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22d\"> </span>-  <span class=\"_ _145\"> </span>5.219 Emprunts obligataires gar<span class=\"_ _1\"></span>antis <span class=\"_ _1e2\"> </span>32.<span class=\"_ _1\"></span>427 <span class=\"_ _e9\"> </span>35.698 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22e\"> </span>91.204 <span class=\"_ _c3\"> </span>128.233 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - long t<span class=\"_ _1\"></span>erme <span class=\"_ _22f\"> </span>127<span class=\"_ _0\"></span>.161 <span class=\"_ _c3\"> </span>17<span class=\"_ _1\"></span>4.941</span> Obligations locativ<span class=\"_ _1\"></span>es - long terme <span class=\"_ _230\"> </span>2.233 <span class=\"_ _231\"> </span>2.080 T<span class=\"_ _0\"></span>otal dette \u00e0 long terme <span class=\"_ _232\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020 Passifs cour<span class=\"_ _1\"></span>ants <span class=\"_ _222\"> </span> <span class=\"_ _218\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _233\"> </span>8.454 <span class=\"_ _145\"> </span>5.47<span class=\"_ _1\"></span>0 Affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours <span class=\"_ _20c\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _8e\"> </span>36<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.567 <span class=\"_ _bb\"> </span>170<span class=\"_ _1\"></span>.796 Emprunts obligataires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>4.358 <span class=\"_ _186\"> </span>4.385 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _4c\"> </span>7<span class=\"_ _8\"></span>1.809 <span class=\"_ _b7\"> </span>18.326 Emprunts bancaires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _234\"> </span>2.651 <span class=\"_ _145\"> </span>3.058 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _14a\"> </span>5.27<span class=\"_ _1\"></span>3 <span class=\"_ _13f\"> </span>5.733 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _183\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4.7<span class=\"_ _0\"></span>49 <span class=\"_ _cd\"> </span>215.6<span class=\"_ _1\"></span>99</span> Obligations locativ<span class=\"_ _1\"></span>es - court terme <span class=\"_ _235\"> </span>1.224 <span class=\"_ _b6\"> </span>1.216 T<span class=\"_ _0\"></span>otal dette \u00e0 court terme <span class=\"_ _236\"> </span>47<span class=\"_ _1\"></span>5.972 <span class=\"_ _c3\"> </span>216.915 T<span class=\"_ _0\"></span>otal de la dette <span class=\"_ _237\"> </span>605.366 <span class=\"_ _10a\"> </span>393.935B. Rapprochement des v<span class=\"_ _1\"></span>ariations des passifs et de flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s de financement  <span class=\"_ _4b\"> </span> <span class=\"_ _3b\"> </span>2022 <span class=\"_ _b3\"> </span> <span class=\"_ _108\"> </span> 2021 <span class=\"_ _f0\"> </span> <span class=\"_ _217\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d8\"> </span>Emprunts  et dettes financi\u00e8res  Obligations locatives   T<span class=\"_ _0\"></span>otal Emprunts et dettes  financi\u00e8res Obligationslocativ<span class=\"_ _1\"></span>es T<span class=\"_ _0\"></span>otal Solde au 1 janvier <span class=\"_ _f8\"> </span>390.640 <span class=\"_ _43\"> </span>3.296 <span class=\"_ _96\"> </span>393.935 <span class=\"_ _b2\"> </span>406.217 <span class=\"_ _44\"> </span>5.433 <span class=\"_ _b3\"> </span>411.650 V<span class=\"_ _1\"></span>ariations des flux de tr\u00e9sorerie  de financement <span class=\"_ _1a4\"> </span>  <span class=\"_ _a1\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _213\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _1cc\"> </span> <span class=\"_ _0\"></span><span class=\"ff19\"> </span> Produit des nouv<span class=\"_ _1\"></span>eaux emprunts <span class=\"_ _5e\"> </span>2<span class=\"_ _1\"></span>45.631 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">245.631</span> <span class=\"_ _1a5\"> </span>89.315 <span class=\"_ _18f\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">89<span class=\"_ _1\"></span>.315</span> Remboursement des emprunts <span class=\"_ _5e\"> </span>(38.533) <span class=\"_ _1f5\"> </span>-  <span class=\"_ _5f\"> </span><span class=\"ff18\">(38.533)</span> <span class=\"_ _67\"> </span>(108.104) <span class=\"_ _18f\"> </span>-  <span class=\"_ _20\"> </span><span class=\"ff18\">(108.104)</span> Principaux \u00e9l\u00e9ments des paiements  de location <span class=\"_ _136\"> </span>-  <span class=\"_ _1b0\"> </span>(1.299) <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.299)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _9d\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _96\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>47)</span> T<span class=\"_ _0\"></span>otal des variations des flux de  tr\u00e9sorerie de financement <span class=\"_ _110\"> </span>207<span class=\"_ _0\"></span>.098 <span class=\"_ _4f\"> </span>(1.299) <span class=\"_ _7d\"> </span>205.799 <span class=\"_ _44\"> </span>(18.789) <span class=\"_ _f4\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _a9\"> </span>(20.536) Autres v<span class=\"_ _1\"></span>ariations : <span class=\"_ _d0\"> </span> <span class=\"_ _4\"> </span>  <span class=\"_ _6a\"> </span>   Nouveaux c<span class=\"_ _1\"></span>ontrats de location <span class=\"_ _1ff\"> </span>-  <span class=\"_ _10e\"> </span>1.597 <span class=\"_ _a4\"> </span><span class=\"ff18\">1.597</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _33\"> </span>909 <span class=\"_ _ab\"> </span><span class=\"ff18\">909</span> Effet des v<span class=\"_ _1\"></span>ariations des taux de change 145 <span class=\"_ _4d\"> </span>25 <span class=\"_ _106\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>70</span><span class=\"wsa4\"> (75) <span class=\"_ _7\"></span>6 <span class=\"_ _23a\"></span><span class=\"ff18 ws1\">(70)</span></span> Co\u00fbts d'emprunt capitalis\u00e9s <span class=\"_ _cd\"> </span>344 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">344</span> <span class=\"_ _1a3\"> </span>522 <span class=\"_ _18f\"> </span>-  <span class=\"_ _44\"> </span><span class=\"ff18 ls55 ws67\">522</span> Charges d\u2019int\u00e9r\u00eat <span class=\"_ _125\"> </span>19.203 <span class=\"_ _1e\"> </span>226 <span class=\"_ _67\"> </span><span class=\"ff18\">19.429</span><span class=\"wsa5\"> <span class=\"_ _8\"></span>16.379 20<span class=\"_ _1\"></span>7 <span class=\"_ _23b\"></span><span class=\"ff18 ws1\">16.585</span></span> Int\u00e9r\u00eats vers\u00e9s <span class=\"_ _189\"> </span>(15.520) <span class=\"_ _10e\"> </span>(226) <span class=\"_ _96\"> </span><span class=\"ff18\">(15.7<span class=\"_ _0\"></span>46)<span class=\"ff19 wsa6\"> (14.288) (207) <span class=\"_ _23c\"></span><span class=\"ff18 ws1\">(14.495)</span></span></span> Cessations d'emploi <span class=\"_ _23d\"> </span>-  <span class=\"_ _7f\"> </span>(192) <span class=\"_ _34\"> </span><span class=\"ff18\">(192)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _b2\"> </span>(173) <span class=\"_ _21\"> </span><span class=\"ff18\">(173)</span> Modifications <span class=\"_ _1d9\"> </span>-  <span class=\"_ _3d\"> </span>31 <span class=\"_ _1d\"> </span><span class=\"ff18\">31</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _65\"> </span>-  <span class=\"_ _27\"> </span><span class=\"ff18\">- </span> Autre mouv<span class=\"_ _1\"></span>ement  <span class=\"_ _1df\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span> <span class=\"_ _1b3\"> </span>(459) <span class=\"_ _18f\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff18\">(459)</span> Reclassifications <span class=\"_ _195\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span><span class=\"wsa7\"> <span class=\"_ _85\"> </span>1.132 (1.<span class=\"_ _1\"></span>132) <span class=\"_ _ac\"> </span><span class=\"ff18 ws1\">- </span></span> <span class=\"_ _136\"> </span>4.172 <span class=\"_ _226\"> </span>1.460 <span class=\"_ _9\"> </span>5.632 <span class=\"_ _91\"> </span>3.212 <span class=\"_ _3\"> </span>(391) 2.821 Solde au 31 d\u00e9cembre <span class=\"_ _be\"> </span>601.909 <span class=\"_ _7f\"> </span>3.457 <span class=\"_ _7e\"> </span>605.366 <span class=\"_ _1da\"> </span>390.640 <span class=\"_ _44\"> </span>3.296 <span class=\"_ _28\"> </span>393.935",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-200-2": {
   "value": "19. Immobilisations inc<span class=\"_ _1\"></span>orporelles<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Co\u00fbt<span class=\"ff19\"> <span class=\"_ _1c3\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span>  <span class=\"_ _1f5\"> </span>  <span class=\"_ _1d\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1f6\"> </span>1.57<span class=\"_ _1\"></span>5 <span class=\"_ _1d\"> </span>30.<span class=\"_ _1\"></span>189 <span class=\"_ _3f\"> </span>16.512 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _90\"> </span><span class=\"ff18\">48.5<span class=\"_ _1\"></span>78</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _65\"> </span>(83) <span class=\"_ _1f7\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(83)</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _109\"> </span>1.446 <span class=\"_ _1a8\"> </span>1.962 <span class=\"_ _1f7\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">3.408</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>(1.200) <span class=\"_ _1a2\"> </span>1.610 <span class=\"_ _10d\"> </span>1.697 <span class=\"_ _19f\"> </span>-  <span class=\"_ _1d7\"> </span>2.10<span class=\"_ _1\"></span>7 Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1d1\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1e\"> </span>33.245 <span class=\"_ _1a5\"> </span>20.<span class=\"_ _1\"></span>087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>54.010 Solde au 1 janvier 2022 <span class=\"_ _195\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _89\"> </span>33.2<span class=\"_ _1\"></span>45 <span class=\"_ _5e\"> </span>20<span class=\"_ _1\"></span>.087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span><span class=\"ff18\">54.010</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _ed\"> </span>2 <span class=\"_ _1f7\"> </span>- <span class=\"_ _1e\"> </span><span class=\"ff18\">2</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _fd\"> </span>1.47<span class=\"_ _1\"></span>9 <span class=\"_ _3d\"> </span>1.597 <span class=\"_ _19f\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff18\">3.077</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1f8\"> </span>- <span class=\"_ _84\"> </span>386 <span class=\"_ _5b\"> </span>1.361 <span class=\"_ _19f\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18 lsef ws62\">1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _7\"></span>7</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f5\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _5b\"> </span>35.111 <span class=\"_ _93\"> </span>23.048 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>58.836 <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Amortissement cumul\u00e9 et  pertes de v<span class=\"_ _1\"></span>aleur<span class=\"ff19\"> <span class=\"_ _1f9\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span><span class=\"fc6 sc0\"> </span> <span class=\"_ _1f5\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1fa\"> </span>(902) <span class=\"_ _89\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>16) <span class=\"_ _1cd\"> </span>(10.514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(224) <span class=\"_ _29\"> </span><span class=\"ff18\">(19.256)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _1f5\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">55</span> Amortissements <span class=\"_ _1dc\"> </span>(80) <span class=\"_ _1d8\"> </span>(1.962) <span class=\"_ _46\"> </span>(1.7<span class=\"_ _1\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _27\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(3.821)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1fb\"> </span>608 <span class=\"_ _1fc\"> </span>-  <span class=\"_ _89\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _9b\"> </span><span class=\"ff18 ls94 ws5c\">267</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _ea\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _1b3\"> </span>(9.578) <span class=\"_ _94\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _91\"> </span>(22.7<span class=\"_ _1\"></span>55) Solde au 1 janvier 2022 <span class=\"_ _1fd\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _27\"> </span>(9.5<span class=\"_ _1\"></span>78) <span class=\"_ _43\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _7f\"> </span>(237) <span class=\"_ _91\"> </span><span class=\"ff18\">(22.755)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _cd\"> </span> - <span class=\"_ _1d3\"> </span> - <span class=\"_ _e8\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _63\"> </span> - <span class=\"_ _27\"> </span><span class=\"ff18\"> -</span> Amortissements <span class=\"_ _1db\"> </span>-  <span class=\"_ _1b3\"> </span>(2.217) <span class=\"_ _5e\"> </span>(1.894)<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(4.<span class=\"_ _1\"></span>123)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _130\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _5e\"> </span>(11.795) <span class=\"_ _56\"> </span>(14.461)<span class=\"fc6 sc0\"> </span><span class=\"_ _113\"> </span>(250) <span class=\"_ _ac\"> </span>(26.87<span class=\"_ _1\"></span>9) V<span class=\"_ _1\"></span>aleurs comptables nettes <span class=\"_ _1fe\"> </span> <span class=\"_ _1ff\"> </span> <span class=\"_ _1ac\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _1d2\"> </span>  Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c2\"> </span>673 <span class=\"_ _64\"> </span>22.5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 <span class=\"_ _64\"> </span>5.997<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>79 <span class=\"_ _90\"> </span><span class=\"ff18\">29.323</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _200\"> </span>-  <span class=\"_ _19e\"> </span>23.667 <span class=\"_ _10d\"> </span>7<span class=\"_ _1\"></span>.521<span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>66 <span class=\"_ _8d\"> </span>31.254</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1b2\"> </span>-  <span class=\"_ _27\"> </span>23.316 <span class=\"_ _64\"> </span>8.588<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>53 <span class=\"_ _ef\"> </span>31.957B. Amortissements L'amortissement des mar<span class=\"_ _1\"></span>ques commerciales et des lic<span class=\"_ _1\"></span>ences dont la dur\u00e9e d\u2019utilit\u00e9 est limit\u00e9e, des logiciels et d\u2019autr<span class=\"_ _1\"></span>es immobilisations incorpor<span class=\"_ _1\"></span>elles sont allou\u00e9s au co\u00fbt des stocks et sont inclus dans les co\u00fbts de v<span class=\"_ _1\"></span>ente lorsque le stock es<span class=\"_ _1\"></span>t vendu, car les mar<span class=\"_ _1\"></span>ques et licences et les logiciels sont principalement utilis\u00e9s direct<span class=\"_ _1\"></span>ement pour la<span class=\"_ _8\"></span> fabrication de pr<span class=\"_ _1\"></span>oduits et sont consid\u00e9r\u00e9s comme des fr<span class=\"_ _1\"></span>ais g\u00e9n\u00e9raux de pr<span class=\"_ _1\"></span>oduction. L\u2019<span class=\"_ _1\"></span>amortissement des actifs<span class=\"_ _8\"></span> incorpor<span class=\"_ _1\"></span>els qui ne sont pas utilis\u00e9s pour la production est affect\u00e9 aux d\u00e9penses adminis<span class=\"_ _1\"></span>trativ<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> C. Immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e de vie utile ind\u00e9finie<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>outes les immobilisations inc<span class=\"_ _1\"></span>orporelles ont une dur\u00e9e d\u2019utilit\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, \u00e0 l\u2019e<span class=\"_ _1\"></span>xc<span class=\"_ _1\"></span>eption des actifs suivants, inclus dans la cat\u00e9gorie marques et lic<span class=\"_ _1\"></span>ences : a. D\u00e9nomination commerciale \u00ab F<span class=\"_ _1\"></span>ulgor \u00bb (valeur comp<span class=\"_ _1\"></span>table de 1,4 millions d'euros au 31 d\u00e9cembre 2022) Cette appella<span class=\"_ _1\"></span>tion porte sur le secteur des c\u00e2bles sous-marins de mo<span class=\"_ _1\"></span>yenne tension et des c\u00e2bles t<span class=\"_ _1\"></span>errestr<span class=\"_ _1\"></span>es haute tension dans lequel Fulgor e<span class=\"_ _1\"></span>xer\u00e7ait des activit\u00e9s a<span class=\"_ _1\"></span>vant son acquisition par Hellenic Cables en 2011, et qui es<span class=\"_ _1\"></span>t assorti<span class=\"_ _8\"></span> d\u2019a<span class=\"_ _1\"></span>vantages \u00e9conomiques subs<span class=\"_ _1\"></span>tantiels. Sur la base de l\u2019analyse de fact<span class=\"_ _1\"></span>eurs pertinents (par ex<span class=\"_ _1\"></span>emple, taux de notori\u00e9t\u00e9, absence d\u2019<span class=\"_ _1\"></span>engagement de longue dur\u00e9e aupr\u00e8s d\u2019une client\u00e8le lar<span class=\"_ _1\"></span>ge, d\u00e9veloppement futur du sect<span class=\"_ _1\"></span>eur), la<span class=\"_ _8\"></span> dur\u00e9e de vie utile de la marque es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme \u00e9tant ind\u00e9finie. b. License d'utilisa<span class=\"_ _1\"></span>tion portuaire \u00e0 Soussaki, Corinthe (valeur c<span class=\"_ _1\"></span>omptable de 8,3 millions d'euros au 31 d\u00e9cembre 2022) Fulgor d\u00e9tient une licenc<span class=\"_ _1\"></span>e pour l\u2019utilisation permanente et ex<span class=\"_ _1\"></span>clusive du port situ\u00e9 sur le sit<span class=\"_ _1\"></span>e de l\u2019usine, dans la localit\u00e9 de Soussaki, \u00e0 Corinthe. L<span class=\"_ _1\"></span>e port est n\u00e9cessair<span class=\"_ _1\"></span>e pour la production et le tr<span class=\"_ _1\"></span>ansport de c\u00e2bles sous-marins de<span class=\"_ _8\"></span> moy<span class=\"_ _1\"></span>enne et haute t<span class=\"_ _1\"></span>ension. Depuis l'acquisition de la soci\u00e9t\u00e9, des inv<span class=\"_ _1\"></span>estissements importants ont \u00e9t\u00e9 r\u00e9alis\u00e9s pour la mise \u00e0 niveau et l'e<span class=\"_ _1\"></span>xpansion de la capacit\u00e9 de production des c\u00e2bles sous-marins mo<span class=\"_ _1\"></span>yenne et haut<span class=\"_ _1\"></span>e tension. La dur\u00e9e de vie utile de l'actif est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme ind\u00e9finie puisque le droit d'utilisation de ces ins<span class=\"_ _1\"></span>tallations<span class=\"_ _8\"></span> portuaires es<span class=\"_ _1\"></span>t d'une dur\u00e9e ind\u00e9finie.<span class=\"_ _8\"></span> D<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ests de d\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> Ces immobilisations incorpor<span class=\"_ _1\"></span>elles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UG<span class=\"_ _1\"></span>T du site de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles sous-marins de Fulgor<span class=\"_ _8\"></span> qui int\u00e8gre c<span class=\"_ _1\"></span>es actifs. Pour \u00e9valuer la v<span class=\"_ _1\"></span>aleur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie f<span class=\"_ _1\"></span>ond\u00e9es sur des estimations de la Direction c<span class=\"_ _1\"></span>ouvrant une p\u00e9riode de cinq ans (2023 \u2013 202<span class=\"_ _1\"></span>7). Ces<span class=\"_ _8\"></span> projections tiennent c<span class=\"_ _1\"></span>ompte des contr<span class=\"_ _1\"></span>ats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats a<span class=\"_ _1\"></span>ttendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>. L'UGT des c\u00e2bles sous-marins f<span class=\"_ _1\"></span>onctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par c<span class=\"_ _1\"></span>ons\u00e9quent, les hypoth\u00e8ses relativ<span class=\"_ _1\"></span>es \u00e0 la crois<span class=\"_ _1\"></span>sance du chiffre d'aff<span class=\"_ _1\"></span>aires et de la rentabilit\u00e9 sont bas\u00e9es sur les c<span class=\"_ _1\"></span>ontrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui de<span class=\"_ _1\"></span>vraient \u00eatr<span class=\"_ _1\"></span>e entrepris au cours de la p\u00e9riode \u00e0 v<span class=\"_ _1\"></span>enir<span class=\"_ _1\"></span>. Les principales hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les pr<span class=\"_ _1\"></span>ojets \u00e0 ex\u00e9cuter au c<span class=\"_ _1\"></span>ours de la p\u00e9riode de cinq ans sont les suivantes : \u2022 <span class=\"_ _20\"> </span>Utilisa<span class=\"_ _1\"></span>tion progres<span class=\"_ _1\"></span>sivement \u00e9le<span class=\"_ _1\"></span>v\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>omme celle<span class=\"_ _8\"></span> observ\u00e9e au cours des 3 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 a<span class=\"_ _1\"></span>ttribu\u00e9s et de ceux attendus c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> tenu de l\u2019<span class=\"_ _1\"></span>activit\u00e9 d\u2019appel d\u2019<span class=\"_ _1\"></span>offres. Compt<span class=\"_ _1\"></span>e tenu du carnet de commandes e<span class=\"_ _1\"></span>xistant et de la croissanc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> activit\u00e9s li\u00e9es aux \u00e9nergies r<span class=\"_ _1\"></span>enouvelables dans le monde entier<span class=\"_ _0\"></span>, qui est un facteur important des perspectiv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> attr<span class=\"_ _1\"></span>ayant<span class=\"_ _1\"></span>es du march\u00e9 de la production d\u2019\u00e9ner<span class=\"_ _1\"></span>gie en mer<span class=\"_ _1\"></span>, le niv<span class=\"_ _1\"></span>eau d\u2019activit\u00e9 \u00e9lev\u00e9 de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e maintenu tout au long de la p\u00e9riode 2023-202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. \u2022 <span class=\"_ _20\"> </span>D\u00e9penses d\u2019in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sement d\u2019en<span class=\"_ _1\"></span>viron 189 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de pr<span class=\"_ _1\"></span>oduction et de capacit\u00e9. Les d\u00e9penses d\u2019inv<span class=\"_ _1\"></span>estissement r<span class=\"_ _1\"></span>efl\u00e8tent les inv<span class=\"_ _1\"></span>estissements pour la maintenanc<span class=\"_ _1\"></span>e ainsi que la croissanc<span class=\"_ _1\"></span>e organique. Pour la p\u00e9riode t<span class=\"_ _1\"></span>erminale, l\u2019hypoth\u00e8se est que les inv<span class=\"_ _1\"></span>estissements sont \u00e9gaux \u00e0 l\u2019<span class=\"_ _1\"></span>amortissement. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires de l\u2019<span class=\"_ _1\"></span>activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 envir<span class=\"_ _1\"></span>on 24 %, en r<span class=\"_ _1\"></span>aison de l\u2019attribution de nouv<span class=\"_ _1\"></span>eaux projets, principalement en Gr\u00e8ce<span class=\"_ _1\"></span>, en Europe du Nord et aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>La mar<span class=\"_ _1\"></span>ge EBITD<span class=\"_ _1\"></span>A par projet offshor<span class=\"_ _1\"></span>e est suppos\u00e9e se situer dans une fourchett<span class=\"_ _1\"></span>e de 15 % \u00e0 25 % du chiffre d\u2019aff<span class=\"_ _1\"></span>aires. La rentabilit\u00e9 es<span class=\"_ _1\"></span>tim\u00e9e par projet varie en f<span class=\"_ _1\"></span>onction des diff\u00e9rents types de c\u00e2bles r<span class=\"_ _1\"></span>equis, des<span class=\"_ _8\"></span> sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ogr<span class=\"_ _1\"></span>aphique et du calendrier du projet.  \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 des frais d\u2019<span class=\"_ _1\"></span>exploita<span class=\"_ _1\"></span>tion fixes est suppos\u00e9 \u00e9gal \u00e0 en<span class=\"_ _1\"></span>viron 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de croissanc<span class=\"_ _1\"></span>e \u00e0 long<span class=\"_ _8\"></span> terme estim\u00e9 de 1,5<span class=\"_ _1\"></span>2%, qui refl\u00e8te principalement les estima<span class=\"_ _1\"></span>tions de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de cr<span class=\"_ _1\"></span>oissance \u00e0 long t<span class=\"_ _1\"></span>erme du secteur des c\u00e2bles offshore. L<span class=\"_ _1\"></span>e taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de c<span class=\"_ _1\"></span>es flux de tr\u00e9sorerie \u00e9tait de 12,0<span class=\"_ _1\"></span>2%, sur la base des hypoth\u00e8ses suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations eur<span class=\"_ _1\"></span>op\u00e9ennes AAA.\u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la c<span class=\"_ _1\"></span>omposition des ventes futur<span class=\"_ _1\"></span>es attendues et sur le fait que l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale est bas\u00e9e en Gr\u00e8ce.\u2022 <span class=\"_ _20\"> </span>La prime de risque de mar<span class=\"_ _1\"></span>ch\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e plus \u00e9lev\u00e9e que c<span class=\"_ _1\"></span>elle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8r<span class=\"_ _1\"></span>e, \u00e9tant donn\u00e9 que les conditions de mar<span class=\"_ _1\"></span>ch\u00e9 se sont d\u00e9t\u00e9rior\u00e9es.<span class=\"_ _8\"></span> Les prix <span class=\"_ _8\"></span>des produits de base pour le cuivr<span class=\"_ _1\"></span>e et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du t<span class=\"_ _1\"></span>est<span class=\"_ _8\"></span> de d\u00e9pr<span class=\"_ _1\"></span>\u00e9ciation ;<span class=\"_ _1\"></span> toutefois, les activit\u00e9s de c<span class=\"_ _1\"></span>ouverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la na<span class=\"_ _1\"></span>ture personnalis\u00e9e des produits v<span class=\"_ _1\"></span>endus par Fulgor<span class=\"_ _1\"></span>, sugg\u00e8r<span class=\"_ _1\"></span>ent que la valeur de l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale n\u2019<span class=\"_ _1\"></span>est pas affect\u00e9e de mani\u00e8re significativ<span class=\"_ _1\"></span>e par les fluctuations des prix des produits de base. Par c<span class=\"_ _1\"></span>ons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le cont<span class=\"_ _1\"></span>exte du t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation.<span class=\"_ _8\"></span> Les r\u00e9sultats de ce t<span class=\"_ _1\"></span>est indiquent que la valeur r<span class=\"_ _1\"></span>ecouvrable au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 d\u00e9pas<span class=\"_ _1\"></span>se de 688 millions d\u2019eur<span class=\"_ _1\"></span>os la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable de l\u2019UGT (soit 233 millions d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Une analyse de sensibilit\u00e9 portant sur les principales h<span class=\"_ _1\"></span>ypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et crois<span class=\"_ _1\"></span>sance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019<span class=\"_ _1\"></span>ad\u00e9quation de la marge de s\u00e9curit\u00e9. L<span class=\"_ _1\"></span>es r\u00e9sultats de cette analy<span class=\"_ _1\"></span>se de<span class=\"_ _8\"></span> sensibilit\u00e9 ont indiqu\u00e9 que le montant rec<span class=\"_ _1\"></span>ouvrable e<span class=\"_ _1\"></span>xc\u00e8de nettement la v<span class=\"_ _1\"></span>aleur comptable de l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>. Les hypoth\u00e8ses peuvent changer c<span class=\"_ _1\"></span>omme suit pour que la valeur r<span class=\"_ _1\"></span>ecouvrable soit \u00e9gale \u00e0 la v<span class=\"_ _1\"></span>aleur comptable :  Hypoth\u00e8ses utilis\u00e9es V<span class=\"_ _1\"></span>ariation de taux  (<span class=\"_ _1\"></span>en points de pourcentage<span class=\"_ _1\"></span>)<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  T<span class=\"_ _0\"></span>aux d\u2019actualisation <span class=\"_ _1e2\"> </span>12,<span class=\"_ _1\"></span>02 % <span class=\"_ _203\"> </span>+ 14,5 ppc Croissance perp\u00e9tuelle <span class=\"_ _154\"> </span>1,52 % <span class=\"_ _1a7\"> </span>- 118,<span class=\"_ _1\"></span>0 ppc",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-200-3": {
   "value": "19. Immobilisations inc<span class=\"_ _1\"></span>orporelles<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Co\u00fbt<span class=\"ff19\"> <span class=\"_ _1c3\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span>  <span class=\"_ _1f5\"> </span>  <span class=\"_ _1d\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1f6\"> </span>1.57<span class=\"_ _1\"></span>5 <span class=\"_ _1d\"> </span>30.<span class=\"_ _1\"></span>189 <span class=\"_ _3f\"> </span>16.512 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _90\"> </span><span class=\"ff18\">48.5<span class=\"_ _1\"></span>78</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _65\"> </span>(83) <span class=\"_ _1f7\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff18\">(83)</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _109\"> </span>1.446 <span class=\"_ _1a8\"> </span>1.962 <span class=\"_ _1f7\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18\">3.408</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _ee\"> </span>(1.200) <span class=\"_ _1a2\"> </span>1.610 <span class=\"_ _10d\"> </span>1.697 <span class=\"_ _19f\"> </span>-  <span class=\"_ _1d7\"> </span>2.10<span class=\"_ _1\"></span>7 Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _1d1\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1e\"> </span>33.245 <span class=\"_ _1a5\"> </span>20.<span class=\"_ _1\"></span>087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>54.010 Solde au 1 janvier 2022 <span class=\"_ _195\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _89\"> </span>33.2<span class=\"_ _1\"></span>45 <span class=\"_ _5e\"> </span>20<span class=\"_ _1\"></span>.087 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span><span class=\"ff18\">54.010</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _ed\"> </span>2 <span class=\"_ _1f7\"> </span>- <span class=\"_ _1e\"> </span><span class=\"ff18\">2</span> Acquisitions <span class=\"_ _eb\"> </span>- <span class=\"_ _fd\"> </span>1.47<span class=\"_ _1\"></span>9 <span class=\"_ _3d\"> </span>1.597 <span class=\"_ _19f\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff18\">3.077</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1f8\"> </span>- <span class=\"_ _84\"> </span>386 <span class=\"_ _5b\"> </span>1.361 <span class=\"_ _19f\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18 lsef ws62\">1<span class=\"_ _7\"></span>.<span class=\"_ _8\"></span>74<span class=\"_ _7\"></span>7</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _f5\"> </span>37<span class=\"_ _0\"></span>4 <span class=\"_ _5b\"> </span>35.111 <span class=\"_ _93\"> </span>23.048 <span class=\"_ _1b3\"> </span>303 <span class=\"_ _7d\"> </span>58.836 <span class=\"_ _aa\"> </span> Marques <span class=\"_ _1f3\"> </span>Co\u00fbts de <span class=\"_ _a8\"> </span>commerciales Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d2\"> </span> d\u00e9v<span class=\"_ _1\"></span>eloppement <span class=\"_ _112\"> </span>et licences <span class=\"_ _ab\"> </span>Logiciels <span class=\"_ _44\"> </span>Autres <span class=\"_ _21\"> </span>T<span class=\"_ _0\"></span>otal Amortissement cumul\u00e9 et  pertes de v<span class=\"_ _1\"></span>aleur<span class=\"ff19\"> <span class=\"_ _1f9\"> </span>  <span class=\"_ _143\"> </span>  <span class=\"_ _1f4\"> </span><span class=\"fc6 sc0\"> </span> <span class=\"_ _1f5\"> </span> </span> Solde au 1 janvier 2021 <span class=\"_ _1fa\"> </span>(902) <span class=\"_ _89\"> </span>(7<span class=\"_ _1\"></span>.6<span class=\"_ _1\"></span>16) <span class=\"_ _1cd\"> </span>(10.514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(224) <span class=\"_ _29\"> </span><span class=\"ff18\">(19.256)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _18a\"> </span>- <span class=\"_ _d0\"> </span>-  <span class=\"_ _1f5\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">55</span> Amortissements <span class=\"_ _1dc\"> </span>(80) <span class=\"_ _1d8\"> </span>(1.962) <span class=\"_ _46\"> </span>(1.7<span class=\"_ _1\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _27\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(3.821)</span> Autres r<span class=\"_ _1\"></span>eclassifications <span class=\"_ _1fb\"> </span>608 <span class=\"_ _1fc\"> </span>-  <span class=\"_ _89\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f7\"> </span>-  <span class=\"_ _9b\"> </span><span class=\"ff18 ls94 ws5c\">267</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _ea\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _1b3\"> </span>(9.578) <span class=\"_ _94\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _91\"> </span>(22.7<span class=\"_ _1\"></span>55) Solde au 1 janvier 2022 <span class=\"_ _1fd\"> </span>(37<span class=\"_ _0\"></span>4) <span class=\"_ _27\"> </span>(9.5<span class=\"_ _1\"></span>78) <span class=\"_ _43\"> </span>(12.566)<span class=\"fc6 sc0\"> </span><span class=\"_ _7f\"> </span>(237) <span class=\"_ _91\"> </span><span class=\"ff18\">(22.755)</span> Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _cd\"> </span> - <span class=\"_ _1d3\"> </span> - <span class=\"_ _e8\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _63\"> </span> - <span class=\"_ _27\"> </span><span class=\"ff18\"> -</span> Amortissements <span class=\"_ _1db\"> </span>-  <span class=\"_ _1b3\"> </span>(2.217) <span class=\"_ _5e\"> </span>(1.894)<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>(13) <span class=\"_ _7d\"> </span><span class=\"ff18\">(4.<span class=\"_ _1\"></span>123)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _130\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _5e\"> </span>(11.795) <span class=\"_ _56\"> </span>(14.461)<span class=\"fc6 sc0\"> </span><span class=\"_ _113\"> </span>(250) <span class=\"_ _ac\"> </span>(26.87<span class=\"_ _1\"></span>9) V<span class=\"_ _1\"></span>aleurs comptables nettes <span class=\"_ _1fe\"> </span> <span class=\"_ _1ff\"> </span> <span class=\"_ _1ac\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _1d2\"> </span>  Le 1 janvier 20<span class=\"_ _1\"></span>21 <span class=\"_ _1c2\"> </span>673 <span class=\"_ _64\"> </span>22.5<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 <span class=\"_ _64\"> </span>5.997<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>79 <span class=\"_ _90\"> </span><span class=\"ff18\">29.323</span> <span class=\"ff18\">Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 <span class=\"_ _200\"> </span>-  <span class=\"_ _19e\"> </span>23.667 <span class=\"_ _10d\"> </span>7<span class=\"_ _1\"></span>.521<span class=\"fc6 sc0\"> </span><span class=\"_ _1a8\"> </span>66 <span class=\"_ _8d\"> </span>31.254</span> Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 <span class=\"_ _1b2\"> </span>-  <span class=\"_ _27\"> </span>23.316 <span class=\"_ _64\"> </span>8.588<span class=\"fc6 sc0\"> </span><span class=\"_ _10d\"> </span>53 <span class=\"_ _ef\"> </span>31.957B. Amortissements L'amortissement des mar<span class=\"_ _1\"></span>ques commerciales et des lic<span class=\"_ _1\"></span>ences dont la dur\u00e9e d\u2019utilit\u00e9 est limit\u00e9e, des logiciels et d\u2019autr<span class=\"_ _1\"></span>es immobilisations incorpor<span class=\"_ _1\"></span>elles sont allou\u00e9s au co\u00fbt des stocks et sont inclus dans les co\u00fbts de v<span class=\"_ _1\"></span>ente lorsque le stock es<span class=\"_ _1\"></span>t vendu, car les mar<span class=\"_ _1\"></span>ques et licences et les logiciels sont principalement utilis\u00e9s direct<span class=\"_ _1\"></span>ement pour la<span class=\"_ _8\"></span> fabrication de pr<span class=\"_ _1\"></span>oduits et sont consid\u00e9r\u00e9s comme des fr<span class=\"_ _1\"></span>ais g\u00e9n\u00e9raux de pr<span class=\"_ _1\"></span>oduction. L\u2019<span class=\"_ _1\"></span>amortissement des actifs<span class=\"_ _8\"></span> incorpor<span class=\"_ _1\"></span>els qui ne sont pas utilis\u00e9s pour la production est affect\u00e9 aux d\u00e9penses adminis<span class=\"_ _1\"></span>trativ<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> C. Immobilisations incorpor<span class=\"_ _1\"></span>elles \u00e0 dur\u00e9e de vie utile ind\u00e9finie<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>outes les immobilisations inc<span class=\"_ _1\"></span>orporelles ont une dur\u00e9e d\u2019utilit\u00e9 d\u00e9termin\u00e9e<span class=\"_ _1\"></span>, \u00e0 l\u2019e<span class=\"_ _1\"></span>xc<span class=\"_ _1\"></span>eption des actifs suivants, inclus dans la cat\u00e9gorie marques et lic<span class=\"_ _1\"></span>ences : a. D\u00e9nomination commerciale \u00ab F<span class=\"_ _1\"></span>ulgor \u00bb (valeur comp<span class=\"_ _1\"></span>table de 1,4 millions d'euros au 31 d\u00e9cembre 2022) Cette appella<span class=\"_ _1\"></span>tion porte sur le secteur des c\u00e2bles sous-marins de mo<span class=\"_ _1\"></span>yenne tension et des c\u00e2bles t<span class=\"_ _1\"></span>errestr<span class=\"_ _1\"></span>es haute tension dans lequel Fulgor e<span class=\"_ _1\"></span>xer\u00e7ait des activit\u00e9s a<span class=\"_ _1\"></span>vant son acquisition par Hellenic Cables en 2011, et qui es<span class=\"_ _1\"></span>t assorti<span class=\"_ _8\"></span> d\u2019a<span class=\"_ _1\"></span>vantages \u00e9conomiques subs<span class=\"_ _1\"></span>tantiels. Sur la base de l\u2019analyse de fact<span class=\"_ _1\"></span>eurs pertinents (par ex<span class=\"_ _1\"></span>emple, taux de notori\u00e9t\u00e9, absence d\u2019<span class=\"_ _1\"></span>engagement de longue dur\u00e9e aupr\u00e8s d\u2019une client\u00e8le lar<span class=\"_ _1\"></span>ge, d\u00e9veloppement futur du sect<span class=\"_ _1\"></span>eur), la<span class=\"_ _8\"></span> dur\u00e9e de vie utile de la marque es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme \u00e9tant ind\u00e9finie. b. License d'utilisa<span class=\"_ _1\"></span>tion portuaire \u00e0 Soussaki, Corinthe (valeur c<span class=\"_ _1\"></span>omptable de 8,3 millions d'euros au 31 d\u00e9cembre 2022) Fulgor d\u00e9tient une licenc<span class=\"_ _1\"></span>e pour l\u2019utilisation permanente et ex<span class=\"_ _1\"></span>clusive du port situ\u00e9 sur le sit<span class=\"_ _1\"></span>e de l\u2019usine, dans la localit\u00e9 de Soussaki, \u00e0 Corinthe. L<span class=\"_ _1\"></span>e port est n\u00e9cessair<span class=\"_ _1\"></span>e pour la production et le tr<span class=\"_ _1\"></span>ansport de c\u00e2bles sous-marins de<span class=\"_ _8\"></span> moy<span class=\"_ _1\"></span>enne et haute t<span class=\"_ _1\"></span>ension. Depuis l'acquisition de la soci\u00e9t\u00e9, des inv<span class=\"_ _1\"></span>estissements importants ont \u00e9t\u00e9 r\u00e9alis\u00e9s pour la mise \u00e0 niveau et l'e<span class=\"_ _1\"></span>xpansion de la capacit\u00e9 de production des c\u00e2bles sous-marins mo<span class=\"_ _1\"></span>yenne et haut<span class=\"_ _1\"></span>e tension. La dur\u00e9e de vie utile de l'actif est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme ind\u00e9finie puisque le droit d'utilisation de ces ins<span class=\"_ _1\"></span>tallations<span class=\"_ _8\"></span> portuaires es<span class=\"_ _1\"></span>t d'une dur\u00e9e ind\u00e9finie.<span class=\"_ _8\"></span> D<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>ests de d\u00e9pr\u00e9ciation<span class=\"_ _8\"></span> Ces immobilisations incorpor<span class=\"_ _1\"></span>elles ne g\u00e9n\u00e9rant pas de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie ind\u00e9pendants, il a \u00e9t\u00e9 jug\u00e9 pertinent<span class=\"_ _8\"></span> d\u2019<span class=\"_ _1\"></span>effectuer le test de d\u00e9pr\u00e9ciation en se basant sur l\u2019UG<span class=\"_ _1\"></span>T du site de pr<span class=\"_ _1\"></span>oduction de c\u00e2bles sous-marins de Fulgor<span class=\"_ _8\"></span> qui int\u00e8gre c<span class=\"_ _1\"></span>es actifs. Pour \u00e9valuer la v<span class=\"_ _1\"></span>aleur d'usage de ces immobilisations, on a utilis\u00e9 des projections de flux de tr\u00e9sorerie f<span class=\"_ _1\"></span>ond\u00e9es sur des estimations de la Direction c<span class=\"_ _1\"></span>ouvrant une p\u00e9riode de cinq ans (2023 \u2013 202<span class=\"_ _1\"></span>7). Ces<span class=\"_ _8\"></span> projections tiennent c<span class=\"_ _1\"></span>ompte des contr<span class=\"_ _1\"></span>ats d\u00e9j\u00e0 sign\u00e9s, ainsi que des contrats a<span class=\"_ _1\"></span>ttendus en Gr\u00e8ce et \u00e0 l\u2019\u00e9tr<span class=\"_ _1\"></span>anger<span class=\"_ _1\"></span>. L'UGT des c\u00e2bles sous-marins f<span class=\"_ _1\"></span>onctionne comme une activit\u00e9 bas\u00e9e sur des projets. Par c<span class=\"_ _1\"></span>ons\u00e9quent, les hypoth\u00e8ses relativ<span class=\"_ _1\"></span>es \u00e0 la crois<span class=\"_ _1\"></span>sance du chiffre d'aff<span class=\"_ _1\"></span>aires et de la rentabilit\u00e9 sont bas\u00e9es sur les c<span class=\"_ _1\"></span>ontrats d\u00e9j\u00e0 sign\u00e9s, ainsi que sur ceux qui de<span class=\"_ _1\"></span>vraient \u00eatr<span class=\"_ _1\"></span>e entrepris au cours de la p\u00e9riode \u00e0 v<span class=\"_ _1\"></span>enir<span class=\"_ _1\"></span>. Les principales hypoth\u00e8ses c<span class=\"_ _1\"></span>oncernant les activit\u00e9s de l'UGT des c\u00e2bles sous-marins et les pr<span class=\"_ _1\"></span>ojets \u00e0 ex\u00e9cuter au c<span class=\"_ _1\"></span>ours de la p\u00e9riode de cinq ans sont les suivantes : \u2022 <span class=\"_ _20\"> </span>Utilisa<span class=\"_ _1\"></span>tion progres<span class=\"_ _1\"></span>sivement \u00e9le<span class=\"_ _1\"></span>v\u00e9e de la capacit\u00e9 de l\u2019usine de Corinthe d\u00e9tenue par Fulgor<span class=\"_ _1\"></span>, c<span class=\"_ _1\"></span>omme celle<span class=\"_ _8\"></span> observ\u00e9e au cours des 3 derni\u00e8r<span class=\"_ _1\"></span>es ann\u00e9es, sur la base des contrats d\u00e9j\u00e0 a<span class=\"_ _1\"></span>ttribu\u00e9s et de ceux attendus c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> tenu de l\u2019<span class=\"_ _1\"></span>activit\u00e9 d\u2019appel d\u2019<span class=\"_ _1\"></span>offres. Compt<span class=\"_ _1\"></span>e tenu du carnet de commandes e<span class=\"_ _1\"></span>xistant et de la croissanc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> activit\u00e9s li\u00e9es aux \u00e9nergies r<span class=\"_ _1\"></span>enouvelables dans le monde entier<span class=\"_ _0\"></span>, qui est un facteur important des perspectiv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> attr<span class=\"_ _1\"></span>ayant<span class=\"_ _1\"></span>es du march\u00e9 de la production d\u2019\u00e9ner<span class=\"_ _1\"></span>gie en mer<span class=\"_ _1\"></span>, le niv<span class=\"_ _1\"></span>eau d\u2019activit\u00e9 \u00e9lev\u00e9 de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e maintenu tout au long de la p\u00e9riode 2023-202<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>. \u2022 <span class=\"_ _20\"> </span>D\u00e9penses d\u2019in<span class=\"_ _1\"></span>vestis<span class=\"_ _1\"></span>sement d\u2019en<span class=\"_ _1\"></span>viron 189 millions d\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>os au cours des cinq prochaines ann\u00e9es, pour couvrir les besoins estim\u00e9s en termes de pr<span class=\"_ _1\"></span>oduction et de capacit\u00e9. Les d\u00e9penses d\u2019inv<span class=\"_ _1\"></span>estissement r<span class=\"_ _1\"></span>efl\u00e8tent les inv<span class=\"_ _1\"></span>estissements pour la maintenanc<span class=\"_ _1\"></span>e ainsi que la croissanc<span class=\"_ _1\"></span>e organique. Pour la p\u00e9riode t<span class=\"_ _1\"></span>erminale, l\u2019hypoth\u00e8se est que les inv<span class=\"_ _1\"></span>estissements sont \u00e9gaux \u00e0 l\u2019<span class=\"_ _1\"></span>amortissement. \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 du chiffre d\u2019<span class=\"_ _1\"></span>affaires de l\u2019<span class=\"_ _1\"></span>activit\u00e9 offshore pour la p\u00e9riode de cinq ans est fix\u00e9 \u00e0 envir<span class=\"_ _1\"></span>on 24 %, en r<span class=\"_ _1\"></span>aison de l\u2019attribution de nouv<span class=\"_ _1\"></span>eaux projets, principalement en Gr\u00e8ce<span class=\"_ _1\"></span>, en Europe du Nord et aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>La mar<span class=\"_ _1\"></span>ge EBITD<span class=\"_ _1\"></span>A par projet offshor<span class=\"_ _1\"></span>e est suppos\u00e9e se situer dans une fourchett<span class=\"_ _1\"></span>e de 15 % \u00e0 25 % du chiffre d\u2019aff<span class=\"_ _1\"></span>aires. La rentabilit\u00e9 es<span class=\"_ _1\"></span>tim\u00e9e par projet varie en f<span class=\"_ _1\"></span>onction des diff\u00e9rents types de c\u00e2bles r<span class=\"_ _1\"></span>equis, des<span class=\"_ _8\"></span> sp\u00e9cifications techniques, de la r\u00e9gion g\u00e9ogr<span class=\"_ _1\"></span>aphique et du calendrier du projet.  \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux de croissance annuel c<span class=\"_ _1\"></span>ompos\u00e9 des frais d\u2019<span class=\"_ _1\"></span>exploita<span class=\"_ _1\"></span>tion fixes est suppos\u00e9 \u00e9gal \u00e0 en<span class=\"_ _1\"></span>viron 4,8 % pour la p\u00e9riode de cinq ans. Les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie apr\u00e8s les cinq premi\u00e8res ann\u00e9es ont \u00e9t\u00e9 calcul\u00e9s \u00e0 l\u2019<span class=\"_ _1\"></span>aide d\u2019un taux de croissanc<span class=\"_ _1\"></span>e \u00e0 long<span class=\"_ _8\"></span> terme estim\u00e9 de 1,5<span class=\"_ _1\"></span>2%, qui refl\u00e8te principalement les estima<span class=\"_ _1\"></span>tions de la direction pour l\u2019\u00e9conomie mondiale ainsi que les perspectives de cr<span class=\"_ _1\"></span>oissance \u00e0 long t<span class=\"_ _1\"></span>erme du secteur des c\u00e2bles offshore. L<span class=\"_ _1\"></span>e taux avant imp\u00f4t utilis\u00e9 pour l\u2019actualisation de c<span class=\"_ _1\"></span>es flux de tr\u00e9sorerie \u00e9tait de 12,0<span class=\"_ _1\"></span>2%, sur la base des hypoth\u00e8ses suivant<span class=\"_ _1\"></span>es :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>e taux sans risque a \u00e9t\u00e9 d\u00e9termin\u00e9 sur base du rendement des obligations eur<span class=\"_ _1\"></span>op\u00e9ennes AAA.\u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es calculs du risque pays ont \u00e9t\u00e9 bas\u00e9s sur la c<span class=\"_ _1\"></span>omposition des ventes futur<span class=\"_ _1\"></span>es attendues et sur le fait que l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale est bas\u00e9e en Gr\u00e8ce.\u2022 <span class=\"_ _20\"> </span>La prime de risque de mar<span class=\"_ _1\"></span>ch\u00e9 a \u00e9t\u00e9 suppos\u00e9e \u00e9gale \u00e0 6,21 %, c\u2019est-\u00e0-dir<span class=\"_ _1\"></span>e plus \u00e9lev\u00e9e que c<span class=\"_ _1\"></span>elle utilis\u00e9e dans le test de d\u00e9pr\u00e9ciation de l\u2019ann\u00e9e derni\u00e8r<span class=\"_ _1\"></span>e, \u00e9tant donn\u00e9 que les conditions de mar<span class=\"_ _1\"></span>ch\u00e9 se sont d\u00e9t\u00e9rior\u00e9es.<span class=\"_ _8\"></span> Les prix <span class=\"_ _8\"></span>des produits de base pour le cuivr<span class=\"_ _1\"></span>e et l\u2019aluminium font intrins\u00e8quement partie des hypoth\u00e8ses du t<span class=\"_ _1\"></span>est<span class=\"_ _8\"></span> de d\u00e9pr<span class=\"_ _1\"></span>\u00e9ciation ;<span class=\"_ _1\"></span> toutefois, les activit\u00e9s de c<span class=\"_ _1\"></span>ouverture des prix des m\u00e9taux r\u00e9alis\u00e9es, et la na<span class=\"_ _1\"></span>ture personnalis\u00e9e des produits v<span class=\"_ _1\"></span>endus par Fulgor<span class=\"_ _1\"></span>, sugg\u00e8r<span class=\"_ _1\"></span>ent que la valeur de l\u2019unit\u00e9 commer<span class=\"_ _1\"></span>ciale n\u2019<span class=\"_ _1\"></span>est pas affect\u00e9e de mani\u00e8re significativ<span class=\"_ _1\"></span>e par les fluctuations des prix des produits de base. Par c<span class=\"_ _1\"></span>ons\u00e9quent, on suppose un r\u00e9sultat neutre des fluctuations des prix des m\u00e9taux dans le cont<span class=\"_ _1\"></span>exte du t<span class=\"_ _1\"></span>est de d\u00e9pr\u00e9ciation.<span class=\"_ _8\"></span> Les r\u00e9sultats de ce t<span class=\"_ _1\"></span>est indiquent que la valeur r<span class=\"_ _1\"></span>ecouvrable au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 d\u00e9pas<span class=\"_ _1\"></span>se de 688 millions d\u2019eur<span class=\"_ _1\"></span>os la<span class=\"_ _8\"></span> valeur c<span class=\"_ _1\"></span>omptable de l\u2019UGT (soit 233 millions d\u2019<span class=\"_ _1\"></span>euros<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Une analyse de sensibilit\u00e9 portant sur les principales h<span class=\"_ _1\"></span>ypoth\u00e8ses du mod\u00e8le (taux d\u2019actualisation et crois<span class=\"_ _1\"></span>sance perp\u00e9tuelle) a \u00e9t\u00e9 r\u00e9alis\u00e9e afin de v\u00e9rifier l\u2019<span class=\"_ _1\"></span>ad\u00e9quation de la marge de s\u00e9curit\u00e9. L<span class=\"_ _1\"></span>es r\u00e9sultats de cette analy<span class=\"_ _1\"></span>se de<span class=\"_ _8\"></span> sensibilit\u00e9 ont indiqu\u00e9 que le montant rec<span class=\"_ _1\"></span>ouvrable e<span class=\"_ _1\"></span>xc\u00e8de nettement la v<span class=\"_ _1\"></span>aleur comptable de l\u2019UG<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>. Les hypoth\u00e8ses peuvent changer c<span class=\"_ _1\"></span>omme suit pour que la valeur r<span class=\"_ _1\"></span>ecouvrable soit \u00e9gale \u00e0 la v<span class=\"_ _1\"></span>aleur comptable :  Hypoth\u00e8ses utilis\u00e9es V<span class=\"_ _1\"></span>ariation de taux  (<span class=\"_ _1\"></span>en points de pourcentage<span class=\"_ _1\"></span>)<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  T<span class=\"_ _0\"></span>aux d\u2019actualisation <span class=\"_ _1e2\"> </span>12,<span class=\"_ _1\"></span>02 % <span class=\"_ _203\"> </span>+ 14,5 ppc Croissance perp\u00e9tuelle <span class=\"_ _154\"> </span>1,52 % <span class=\"_ _1a7\"> </span>- 118,<span class=\"_ _1\"></span>0 ppc",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-210-2": {
   "value": "20. Biens immobiliers de plac<span class=\"_ _1\"></span>ements<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1e7\"> </span>7<span class=\"_ _1\"></span>64 <span class=\"_ _df\"> </span>764 Cession <span class=\"_ _150\"> </span>(609) <span class=\"_ _204\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _1ed\"> </span>155 <span class=\"_ _e2\"> </span>764 V<span class=\"_ _1\"></span>aleur comptable brute <span class=\"_ _205\"> </span>571 <span class=\"_ _180\"> </span>1.348 Amortissements cumul\u00e9s et pertes de v<span class=\"_ _1\"></span>aleur <span class=\"_ _206\"> </span>(416) <span class=\"_ _145\"> </span>(584) V<span class=\"_ _1\"></span>aleur comptable le 31 d\u00e9cembr<span class=\"_ _1\"></span>e <span class=\"_ _1e2\"> </span>155 <span class=\"_ _e2\"> </span>764Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, les biens immobiliers de placements c<span class=\"_ _1\"></span>onsistent en plusieurs propri\u00e9t\u00e9s f<span class=\"_ _1\"></span>onci\u00e8res, en Gr\u00e8ce. Aucun d\u2019<span class=\"_ _1\"></span>entre eux n\u2019<span class=\"_ _1\"></span>est lou\u00e9 actuellement. Ces pr<span class=\"_ _1\"></span>opri\u00e9t\u00e9s ne sont pas actuellement utilis\u00e9es par Cener<span class=\"_ _1\"></span>gy Holdings<span class=\"_ _8\"></span> et sont d\u00e9tenues soit pour r\u00e9aliser une plus-v<span class=\"_ _1\"></span>alue en capital soit pour \u00eatre lou\u00e9es dans un a<span class=\"_ _1\"></span>venir pr<span class=\"_ _1\"></span>oche.<span class=\"_ _8\"></span> En 2022, un bien foncier d'une v<span class=\"_ _1\"></span>aleur comptable de 609 milliers d'euros ainsi que des dr<span class=\"_ _1\"></span>oits associ\u00e9s de 151 milliers d'euros (inscrits dans la ligne \u00ab Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs \u00bb \u00e0 long t<span class=\"_ _1\"></span>erme) ont \u00e9t\u00e9 v<span class=\"_ _1\"></span>endus \u00e0 un tiers. Le<span class=\"_ _8\"></span> produit de c<span class=\"_ _1\"></span>ette cession s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 1,<span class=\"_ _1\"></span>1 millions d'euros. B. \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur \u2013 pert<span class=\"_ _1\"></span>e de valeur et reprise subs\u00e9quent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon l\u2019\u00e9valuation de la dir<span class=\"_ _1\"></span>ection, au cours de la p\u00e9riode en cours, il n\u2019y a<span class=\"_ _1\"></span>vait aucune indication de pert<span class=\"_ _1\"></span>e de valeur ou de reprise de pert<span class=\"_ _1\"></span>e de valeur d\u2019un bien immobilier<span class=\"_ _1\"></span>. La jus<span class=\"_ _1\"></span>te valeur des biens immobiliers s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 195 milliers d'euros au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, tandis que la perte de v<span class=\"_ _1\"></span>aleur cumul\u00e9e s'\u00e9l\u00e8ve \u00e0 416 milliers d'eur<span class=\"_ _1\"></span>os. Les fact<span class=\"_ _1\"></span>eurs utilis\u00e9s<span class=\"_ _8\"></span> pour la mesure de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers ont \u00e9t\u00e9 class\u00e9s au niv<span class=\"_ _1\"></span>eau 2, en fonction des techniques d'\u00e9valuation utilis\u00e9es. C. Restrictions - obligations c<span class=\"_ _1\"></span>ontractuelles Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e pas de restrictions ni d\u2019<span class=\"_ _1\"></span>obligations particuli\u00e8r<span class=\"_ _1\"></span>es dans la gestion des biens immobiliers de placements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-212-4": {
   "value": "B. \u00c9valuation de la jus<span class=\"_ _1\"></span>te valeur \u2013 pert<span class=\"_ _1\"></span>e de valeur et reprise subs\u00e9quent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Selon l\u2019\u00e9valuation de la dir<span class=\"_ _1\"></span>ection, au cours de la p\u00e9riode en cours, il n\u2019y a<span class=\"_ _1\"></span>vait aucune indication de pert<span class=\"_ _1\"></span>e de valeur ou de reprise de pert<span class=\"_ _1\"></span>e de valeur d\u2019un bien immobilier<span class=\"_ _1\"></span>. La jus<span class=\"_ _1\"></span>te valeur des biens immobiliers s'\u00e9l\u00e8v<span class=\"_ _1\"></span>e \u00e0 195 milliers d'euros au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, tandis que la perte de v<span class=\"_ _1\"></span>aleur cumul\u00e9e s'\u00e9l\u00e8ve \u00e0 416 milliers d'eur<span class=\"_ _1\"></span>os. Les fact<span class=\"_ _1\"></span>eurs utilis\u00e9s<span class=\"_ _8\"></span> pour la mesure de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers ont \u00e9t\u00e9 class\u00e9s au niv<span class=\"_ _1\"></span>eau 2, en fonction des techniques d'\u00e9valuation utilis\u00e9es. 22. Autr<span class=\"_ _1\"></span>es inv<span class=\"_ _1\"></span>estissements  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _21b\"> </span>5.812 <span class=\"_ _c6\"> </span>5.657 Acquisitions <span class=\"_ _1b9\"> </span>- <span class=\"_ _c8\"> </span>- V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Cessions <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812Les autr<span class=\"_ _1\"></span>es placements sont des titres de participation \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat<span class=\"_ _8\"></span> global et concernent des actions non c<span class=\"_ _1\"></span>ot\u00e9es (instruments de capitaux propr<span class=\"_ _1\"></span>es) d'entit\u00e9s gr<span class=\"_ _1\"></span>ecques.<span class=\"_ _8\"></span> 23. Instruments d\u00e9riv\u00e9s Le tableau suiv<span class=\"_ _1\"></span>ant pr\u00e9sente la valeur c<span class=\"_ _1\"></span>omptable des instruments d\u00e9riv\u00e9s :<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Instruments d\u00e9riv\u00e9s non d\u00e9sign\u00e9s comme ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Les entr<span class=\"_ _1\"></span>eprises de Cenergy Holdings ont d\u00e9cid\u00e9 au deuxi\u00e8me trimestr<span class=\"_ _1\"></span>e 2022 de commencer \u00e0 utiliser des s<span class=\"_ _1\"></span>waps de taux d'int\u00e9r\u00eat en \u00e9valuant les eff<span class=\"_ _1\"></span>ets possibles d'un resserr<span class=\"_ _1\"></span>ement de la politique mon\u00e9taire dans l'UE et aux \u00c9tats-Unis au cours du pr<span class=\"_ _1\"></span>emier semestre 2022 et en vue de c<span class=\"_ _1\"></span>ompenser l'impact potentiel sur les co\u00fbts financiers d\u00fb \u00e0 l'augmentation des taux d'int\u00e9r\u00eat. Les emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0 taux variable e<span class=\"_ _1\"></span>xposent les soci\u00e9t\u00e9s de Cenergy Holdings \u00e0 un risque de vola<span class=\"_ _1\"></span>tilit\u00e9 des taux (risque de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>). Afin de le couvrir<span class=\"_ _1\"></span>, des s<span class=\"_ _1\"></span>waps de taux d\u2019int\u00e9r\u00eat sont utilis\u00e9s pour transf<span class=\"_ _1\"></span>ormer efficacement le taux d\u2019int\u00e9r\u00eat variable du pr\u00eat en un taux fix<span class=\"_ _1\"></span>e, r\u00e9duisant ainsi ce risque de v<span class=\"_ _1\"></span>olatilit\u00e9. Les contr<span class=\"_ _1\"></span>ats de swap de taux d\u2019int\u00e9r\u00eat impliquent l\u2019\u00e9change<span class=\"_ _1\"></span>, \u00e0 des dates d\u00e9termin\u00e9es, de montants en esp\u00e8ces \u00e9gaux \u00e0 la diff\u00e9renc<span class=\"_ _1\"></span>e entre un taux d\u2019int\u00e9r\u00eat fix<span class=\"_ _1\"></span>e contract\u00e9 calcul\u00e9 sur un principal et un taux v<span class=\"_ _1\"></span>ariable calcul\u00e9 sur le m\u00eame<span class=\"_ _8\"></span> principal. En choisissant soigneusement le taux v<span class=\"_ _1\"></span>ariable et le principal du swap, on tr<span class=\"_ _1\"></span>ansforme en fait un emprunt \u00e0 taux variable en un emprunt \u00e0 taux fix<span class=\"_ _1\"></span>e. Au cours du pr<span class=\"_ _1\"></span>emier semestre 20<span class=\"_ _1\"></span>22, les deux segments ont conclu des accor<span class=\"_ _1\"></span>ds de swap d'une v<span class=\"_ _1\"></span>aleur nominale totale de 80 millions d'eur<span class=\"_ _1\"></span>os afin de compenser les co\u00fbts d'int\u00e9r\u00eat futurs potentiels plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s sur leurs pr\u00eats. T<span class=\"_ _0\"></span>ous ces s<span class=\"_ _1\"></span>waps ont une dur\u00e9e initiale de 7 ans. Ces actions sont conf<span class=\"_ _1\"></span>ormes \u00e0 la politique connex<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings visant \u00e0 s\u2019assur<span class=\"_ _1\"></span>er qu\u2019une partie de leurs emprunts et dettes financi\u00e8res soit \u00e0 taux fix<span class=\"_ _1\"></span>e. La juste v<span class=\"_ _1\"></span>aleur d'un swap de taux d'int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e en actualisant ses flux de tr\u00e9sorerie futurs \u00e0 l'aide de la structur<span class=\"_ _1\"></span>e \u00e0 terme des taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e et du risque de cr\u00e9dit inh\u00e9rent au contr<span class=\"_ _1\"></span>at de swap<span class=\"_ _1\"></span>, le cas \u00e9ch\u00e9ant. Les contrats de s<span class=\"_ _1\"></span>wap de taux d'int\u00e9r\u00eat sont conclus pour des p\u00e9riodes c<span class=\"_ _1\"></span>ompatibles<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec l'exposition des instruments de det<span class=\"_ _1\"></span>te sous-jacents, mais ne sont pas d\u00e9sign\u00e9s comme c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> flux de tr\u00e9sorerie puisque les c<span class=\"_ _1\"></span>onditions de calendrier et de montant impliqu\u00e9es dans les contrats de s<span class=\"_ _1\"></span>wap ne corr<span class=\"_ _1\"></span>espondent pas exact<span class=\"_ _1\"></span>ement \u00e0 celles des instruments de dette sous-jac<span class=\"_ _1\"></span>ents ; de ce fait, une r<span class=\"_ _1\"></span>elation de couv<span class=\"_ _1\"></span>erture telle que d\u00e9crite dans les IFRS n'es<span class=\"_ _1\"></span>t pas \u00e9tablie. Par cons\u00e9quent, l'\u00e9v<span class=\"_ _1\"></span>aluation de ces contr<span class=\"_ _1\"></span>ats de swap de taux d'int\u00e9r\u00eat est incluse dans l'\u00e9tat consolid\u00e9 des r\u00e9sulta<span class=\"_ _1\"></span>ts dans la ligne \u00ab Charges financi\u00e8res \u00bb. Comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tiennent des instruments financiers d\u00e9riv\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sorerie et de la jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les instruments financiers d\u00e9riv\u00e9s pr\u00e9cit\u00e9s c<span class=\"_ _1\"></span>ouvrent des risques d\u00e9coulant de c<span class=\"_ _1\"></span>e qui suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des cours des m\u00e9taux cot\u00e9 au LME. \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des taux de change.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance et la valeur nominale des ins<span class=\"_ _1\"></span>truments d\u00e9riv\u00e9s d\u00e9tenus par les soci\u00e9t\u00e9s de Cenergy Holdings corr<span class=\"_ _1\"></span>espondent, en principe, \u00e0 l\u2019\u00e9ch\u00e9ance et \u00e0 la v<span class=\"_ _1\"></span>aleur nominale des actifs et des passifs sous-jacents (les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts). Les instruments d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus par les soci\u00e9t\u00e9s de Cenergy Holdings conc<span class=\"_ _1\"></span>ernent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque li\u00e9 \u00e0 la v<span class=\"_ _1\"></span>ariation des cours des m\u00e9taux cot\u00e9s au LME (London Metal Ex<span class=\"_ _1\"></span>change) et utilis\u00e9s comme mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es par les soci\u00e9t\u00e9s de Cenergy Holdings dans le segment C\u00e2bles (principalement le cuivre et l\u2019<span class=\"_ _1\"></span>aluminium). Ces op\u00e9rations de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e sont r\u00e9pertori\u00e9es comme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats de change \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque d\u00e9coulant des fluctuations des taux de change du dollar am\u00e9ricain et de la livre s<span class=\"_ _1\"></span>terling (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les de<span class=\"_ _1\"></span>vises auxquelles les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings sont principalement expos\u00e9es<span class=\"_ _1\"></span>). Ces contr<span class=\"_ _1\"></span>ats sont r\u00e9pertori\u00e9s comme des instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur ou des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, selon l\u2019\u00e9l\u00e9ment sous-jacent. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les cr\u00e9ances clients et fournis<span class=\"_ _1\"></span>seurs libell\u00e9s en devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es, les contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sont r\u00e9pertori\u00e9s comme des ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les v<span class=\"_ _1\"></span>entes pr\u00e9vues de biens ou l\u2019achat de mat\u00e9riaux, les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme sont r\u00e9pertori\u00e9s c<span class=\"_ _1\"></span>omme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont c<span class=\"_ _1\"></span>omptabilis\u00e9s lorsque les soci\u00e9t\u00e9s de Cenergy Holdings concluent la tr<span class=\"_ _1\"></span>ansaction destin\u00e9e \u00e0 couvrir la jus<span class=\"_ _1\"></span>te valeur des cr\u00e9anc<span class=\"_ _1\"></span>es, dettes ou engagements (c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur), ou des transactions haut<span class=\"_ _1\"></span>ement probables (<span class=\"_ _1\"></span>couvertur<span class=\"_ _1\"></span>e des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es des flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La part effectiv<span class=\"_ _1\"></span>e des variations de la just<span class=\"_ _1\"></span>e valeur des instruments d\u00e9riv\u00e9s r\u00e9pert<span class=\"_ _1\"></span>ori\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie est comptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global, au poste \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture \u00bb. Le gain ou la pert<span class=\"_ _1\"></span>e de la part non effective es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat. Les montants comptabilis\u00e9s au pos<span class=\"_ _1\"></span>te \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s au compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 des p\u00e9riodes pendant lesquelles l\u2019\u00e9v\u00e9nement couv<span class=\"_ _1\"></span>ert se produit, c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire \u00e0 la dat<span class=\"_ _1\"></span>e de r\u00e9alisation de la transaction pr\u00e9vue qui constitue l\u2019<span class=\"_ _1\"></span>objet de la couv<span class=\"_ _1\"></span>erture ou quand l\u2019\u00e9l\u00e9ment c<span class=\"_ _1\"></span>ouvert affect<span class=\"_ _1\"></span>e le r\u00e9sultat (par ex<span class=\"_ _1\"></span>emple, dans le cas d\u2019une vent<span class=\"_ _1\"></span>e \u00e0 terme d\u2019aluminium, la r\u00e9serv<span class=\"_ _1\"></span>e est comptabilis\u00e9e au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 apr\u00e8s le r\u00e8glement en esp\u00e8ces net du contr<span class=\"_ _1\"></span>at \u00e0 terme et \u00e0 la dat<span class=\"_ _1\"></span>e de la vente de l\u2019<span class=\"_ _1\"></span>aluminium).<span class=\"_ _8\"></span> Lorsqu\u2019un \u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert est v<span class=\"_ _1\"></span>endu ou lorsque la quote-part de couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8r<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture<span class=\"_ _1\"></span>, la comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture est int<span class=\"_ _1\"></span>errompue anticipativ<span class=\"_ _1\"></span>ement, les montants imput\u00e9s<span class=\"_ _8\"></span> \u00e0 la \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont conserv\u00e9s en sous forme de r\u00e9serv<span class=\"_ _1\"></span>e et sont reclass\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 lorsque l\u2019<span class=\"_ _1\"></span>actif couvert impact<span class=\"_ _1\"></span>e le r\u00e9sultat. En cas de couvertur<span class=\"_ _1\"></span>e d'une transaction futur<span class=\"_ _1\"></span>e pr\u00e9vue qui ne<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s en r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> La variation de la jus<span class=\"_ _1\"></span>te valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les capitaux propres au titr<span class=\"_ _1\"></span>e de la couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 sera tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9e dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2023 et dans la partie \u00e0 long terme au cours de l'e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercice 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la dat<span class=\"_ _1\"></span>e d'\u00e9ch\u00e9ance des instruments d\u00e9riv\u00e9s utilis\u00e9s, lorsque les \u00e9v\u00e9nements couv<span class=\"_ _1\"></span>erts se produir<span class=\"_ _1\"></span>ont (les transactions pr\u00e9vues auront lieu ou les \u00e9l\u00e9ments c<span class=\"_ _1\"></span>ouverts aur<span class=\"_ _1\"></span>ont<span class=\"_ _8\"></span> une incidence sur le r\u00e9sultat. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 de la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au commencement (de mani\u00e8r<span class=\"_ _1\"></span>e prospectiv<span class=\"_ _1\"></span>e) en c<span class=\"_ _1\"></span>omparant les termes critiques de l\u2019ins<span class=\"_ _1\"></span>trument de couvertur<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ec les termes critiques<span class=\"_ _8\"></span> de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert et, par la suite, lors de chaque dat<span class=\"_ _1\"></span>e de reporting (de mani\u00e8r<span class=\"_ _1\"></span>e r\u00e9trospectiv<span class=\"_ _1\"></span>e), en appliquant, d\u2019une mani\u00e8re cumul\u00e9e<span class=\"_ _1\"></span>, la m\u00e9thode de la compensation en dollar<span class=\"_ _1\"></span>. Les r\u00e9sultats des activit\u00e9s de couv<span class=\"_ _1\"></span>erture des soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings figurant dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont pr\u00e9sent\u00e9s pour les contr<span class=\"_ _1\"></span>ats \u00e0 terme de m\u00e9tal et les contr<span class=\"_ _1\"></span>ats de change dans \u00ab Chiffre d\u2019<span class=\"_ _1\"></span>affaires \u00bb et \u00ab Co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb.<span class=\"_ _8\"></span> Les montants comptabilis\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont les suivants : <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats \u00e0 terme <span class=\"_ _223\"> </span>1.934 <span class=\"_ _bb\"> </span>(14.<span class=\"_ _1\"></span>166) Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme <span class=\"_ _13a\"> </span>7<span class=\"_ _0\"></span>.579 <span class=\"_ _180\"> </span>(189) T<span class=\"_ _0\"></span>otal <span class=\"_ _224\"> </span>12.881 <span class=\"_ _d0\"> </span>(14.355)L'\u00e9valuation des c<span class=\"_ _1\"></span>ontrats futurs utilis\u00e9s pour la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie et comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global (r\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e) au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 ser<span class=\"_ _1\"></span>a comptabilis\u00e9e en b\u00e9n\u00e9fices ou en pertes au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice financier suivant, alors que l'\u00e9v<span class=\"_ _1\"></span>aluation des contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sera comptabilis\u00e9e dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats en 2023 et 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la date d'\u00e9ch\u00e9anc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> instruments d\u00e9riv\u00e9s utilis\u00e9s. A. Classifications comptables et jus<span class=\"_ _1\"></span>tes valeurs Le tableau suiv<span class=\"_ _1\"></span>ant reprend les v<span class=\"_ _1\"></span>aleurs comptables des \u00e9l\u00e9ments d\u2019actifs et de pas<span class=\"_ _1\"></span>sifs financiers, ainsi que leur juste valeur<span class=\"_ _0\"></span>, y compris leur niveau dans la hi\u00e9r<span class=\"_ _1\"></span>archie de la just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. 31/12/2022 <span class=\"_ _246\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _119\"> </span>6.308 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _46\"> </span>6.308 <span class=\"_ _1d\"> </span><span class=\"ff18\">6.308</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _189\"> </span>16.6<span class=\"_ _1\"></span>12 <span class=\"_ _64\"> </span>463 <span class=\"_ _1b5\"> </span>16.149 <span class=\"_ _fa\"> </span>-  <span class=\"_ _1b3\"> </span><span class=\"ff18\">16.612</span>  <span class=\"_ _1e3\"> </span>22.920 <span class=\"_ _64\"> </span>463 <span class=\"_ _1cd\"> </span>16.149 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _46\"> </span>22.920 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _12b\"> </span>(10.<span class=\"_ _1\"></span>790) <span class=\"_ _93\"> </span>(956) <span class=\"_ _ab\"> </span>(9.833) <span class=\"_ _fe\"> </span>-  <span class=\"_ _ab\"> </span><span class=\"ff18\">(10.790)</span>  <span class=\"_ _95\"> </span>12.130 <span class=\"_ _41\"> </span>(493) <span class=\"_ _1ad\"> </span>6.315 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _3f\"> </span>12.<span class=\"_ _1\"></span>13031/12/2021 <span class=\"_ _247\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _1c8\"> </span>5.812 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _1e\"> </span>5.812 <span class=\"_ _65\"> </span><span class=\"ff18\">5.812</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _203\"> </span>1.480 <span class=\"_ _188\"> </span>- <span class=\"_ _1a8\"> </span>536 <span class=\"_ _10d\"> </span>944 <span class=\"_ _1a8\"> </span><span class=\"ff18\">1.480</span>  <span class=\"_ _1c9\"> </span>7<span class=\"_ _1\"></span>.293 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1d\"> </span>536 <span class=\"_ _1ad\"> </span>6.756 <span class=\"_ _5d\"> </span>7<span class=\"_ _1\"></span>.293 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _1c8\"> </span>(2.596) <span class=\"_ _33\"> </span>(1.199) <span class=\"_ _113\"> </span>(1.397) <span class=\"_ _fe\"> </span>- <span class=\"_ _1a5\"> </span><span class=\"ff18\">(2.596)</span>  <span class=\"_ _248\"> </span>4.697 <span class=\"_ _3e\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1ad\"> </span>(861) <span class=\"_ _1ad\"> </span>6.7<span class=\"_ _1\"></span>56 <span class=\"_ _1d\"> </span>4.697Les diff\u00e9r<span class=\"_ _1\"></span>ents niveaux sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 1 : Prix cot\u00e9s (non ajust\u00e9s<span class=\"_ _1\"></span>) sur un march\u00e9 actif<span class=\"_ _1\"></span>, pour des actifs et des passifs identiques ; \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 2 : Donn\u00e9es direct<span class=\"_ _1\"></span>ement ou indirectement observ<span class=\"_ _1\"></span>ables ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 3 : Donn\u00e9es non observables c<span class=\"_ _1\"></span>oncernant l'actif ou le passif<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs et passifs financiers suivants, mesur\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt amorti, est une appro<span class=\"_ _1\"></span>ximation de leur valeur c<span class=\"_ _1\"></span>omptable :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie ; \u2022 <span class=\"_ _20\"> </span>Det<span class=\"_ _1\"></span>tes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs ; \u2022 <span class=\"_ _20\"> </span>Emprunts et det<span class=\"_ _1\"></span>tes financi\u00e8res. De mani\u00e8re plus pr\u00e9cise<span class=\"_ _1\"></span>, la valeur comptable des emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme une<span class=\"_ _8\"></span> appro<span class=\"_ _1\"></span>ximation valable de leur jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>, \u00e9tant donn\u00e9 que :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>9<span class=\"_ _1\"></span>3,8 % des emprunts et dettes financi\u00e8res c<span class=\"_ _1\"></span>onsolid\u00e9s sont assortis d\u2019un taux variable qui est une tr\u00e8s bonne appro<span class=\"_ _1\"></span>ximation des taux cour<span class=\"_ _1\"></span>ants du march\u00e9 ; \u2022 <span class=\"_ _20\"> </span>En c<span class=\"_ _1\"></span>e qui concerne les instruments \u00e0 taux fix<span class=\"_ _1\"></span>e (36,8 millions d'euros au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), le crit\u00e8r<span class=\"_ _1\"></span>e de la<span class=\"_ _8\"></span> juste v<span class=\"_ _1\"></span>aleur fond\u00e9 sur les taux actuels du march\u00e9 indique que leur jus<span class=\"_ _1\"></span>te valeur a \u00e9t\u00e9 d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e \u00e0 38,2 millions<span class=\"_ _8\"></span> d'euros. Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre les soldes d'ouv<span class=\"_ _1\"></span>erture et de cl\u00f4tur<span class=\"_ _1\"></span>e des actifs financiers de<span class=\"_ _8\"></span> niveau 3, qui sont clas<span class=\"_ _1\"></span>s\u00e9s comme inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1ee\"> </span>5.812 <span class=\"_ _145\"> </span>5.657 V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812B. Mesure de la just<span class=\"_ _1\"></span>e valeur (a) T<span class=\"_ _0\"></span>echniques d'\u00e9valuation e<span class=\"_ _1\"></span>t donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui sont n\u00e9goci\u00e9s sur les march\u00e9s actifs (mar<span class=\"_ _1\"></span>ch\u00e9s boursiers) (par e<span class=\"_ _1\"></span>xemple, les instruments d\u00e9riv\u00e9s tels que les c<span class=\"_ _1\"></span>ontrats \u00e0 terme<span class=\"_ _1\"></span>, les actions, les obligations, les fonds communs de placement) est \u00e9tablie en fonction des prix publi\u00e9s (<span class=\"_ _1\"></span>donn\u00e9es d\u2019<span class=\"_ _1\"></span>entr\u00e9e de niveau 1) qui sont v<span class=\"_ _1\"></span>alides \u00e0 la date de cl\u00f4ture<span class=\"_ _1\"></span>. La juste valeur des actifs financiers es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e par leur cours v<span class=\"_ _1\"></span>endeur tandis que la juste valeur des pas<span class=\"_ _1\"></span>sifs financiers est<span class=\"_ _8\"></span> d\u00e9termin\u00e9e par leur cours achet<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui ne sont pas n\u00e9goci\u00e9s sur des march\u00e9s actifs est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e au moy<span class=\"_ _1\"></span>en de<span class=\"_ _8\"></span> techniques et de normes d'\u00e9v<span class=\"_ _1\"></span>aluation fond\u00e9es sur les donn\u00e9es du march\u00e9 \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. La juste v<span class=\"_ _1\"></span>aleur des passifs financiers, aux fins d'\u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9es dans les \u00e9tats financiers, est estim\u00e9e en fonction de la valeur actuelle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs d\u00e9coulant de contr<span class=\"_ _1\"></span>ats sp\u00e9cifiques, en utilisant le taux d'int\u00e9r\u00eat actuel disponible pour Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s pour des instruments de cr\u00e9dit financier similaires. Les donn\u00e9es qui ne r<span class=\"_ _1\"></span>espectent pas les crit\u00e8res r<span class=\"_ _1\"></span>espectifs et qui ne peuvent pas \u00eatr<span class=\"_ _1\"></span>e class\u00e9es au niveau 1, mais qui sont observables, dir<span class=\"_ _1\"></span>ectement ou indir<span class=\"_ _1\"></span>ectement, rel\u00e8v<span class=\"_ _1\"></span>ent du niveau 2. Les ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s n\u00e9goci\u00e9s<span class=\"_ _8\"></span> de gr\u00e9 \u00e0 gr\u00e9 \u00e9valu\u00e9s sur la base de c<span class=\"_ _1\"></span>ours obtenus de courtiers r<span class=\"_ _1\"></span>el\u00e8vent de ce m\u00eame niv<span class=\"_ _1\"></span>eau. Les actifs financiers, tels que les actions non c<span class=\"_ _1\"></span>ot\u00e9es ou les r\u00e9gimes d'options qui ne sont pas n\u00e9goci\u00e9s sur un<span class=\"_ _8\"></span> march\u00e9 actif dont la mesur<span class=\"_ _1\"></span>e est fond\u00e9e soit sur les pr\u00e9visions des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings pour la rentabilit\u00e9 future de l'\u00e9mett<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>, soit sur une autre m\u00e9thode lar<span class=\"_ _1\"></span>gement acceptable<span class=\"_ _1\"></span>, sont class\u00e9s au niveau 3. Le tableau ci-dessous montr<span class=\"_ _1\"></span>e les techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion employ\u00e9es pour l\u2019\u00e9valua<span class=\"_ _1\"></span>tion de la juste valeur<span class=\"_ _0\"></span>, ainsi que<span class=\"_ _8\"></span> les donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es utilis\u00e9es :  <span class=\"_ _1c6\"> </span> <span class=\"_ _9e\"> </span> T<span class=\"_ _1\"></span>ype <span class=\"_ _214\"> </span>T<span class=\"_ _0\"></span>echnique d'\u00e9valuation <span class=\"_ _1cf\"> </span>Donn\u00e9es non  observables significativ<span class=\"_ _1\"></span>es Interrela<span class=\"_ _1\"></span>tion entre les donn\u00e9esnon observables cl\u00e9s etl'\u00e9valuation de la just<span class=\"_ _1\"></span>e valeur Contra<span class=\"_ _1\"></span>ts de  <span class=\"_ _71\"> </span> change \u00e0  <span class=\"_ _1a8\"> </span> terme  <span class=\"_ _fa\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>T<span class=\"_ _0\"></span>echnique de comparaison du  <span class=\"ff17\">march\u00e9 : </span>Les justes valeurs sont  bas\u00e9es sur les cours obtenus aupr\u00e8s des courtiers. Des contrats similaires sont n\u00e9goci\u00e9s sur des march\u00e9s actifs et les cotations refl\u00e8tent les tr<span class=\"_ _1\"></span>ansactions d'instruments financiers similairesC<span class=\"_ _1\"></span>otations de courtier <span class=\"_ _5d\"> </span>Pas applicable Contra<span class=\"_ _1\"></span>ts de   <span class=\"_ _113\"> </span> swap de taux  <span class=\"_ _112\"> </span> d'int\u00e9r\u00eat <span class=\"_ _63\"> </span> <span class=\"_ _117\"> </span>Actualisation des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs \u00e0 l'aide des courbes de taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e  et du risque de cr\u00e9dit inh\u00e9rent au contrat Donn\u00e9es de risque de cr\u00e9dit Pas applicable Contra<span class=\"_ _1\"></span>ts \u00e0 terme  <span class=\"_ _a6\"> </span> - future <span class=\"_ _a1\"> </span>V<span class=\"_ _1\"></span>aleur du march\u00e9 <span class=\"ff19\">: Cours tel qu'il </span> est n\u00e9goci\u00e9 sur un march\u00e9 actif  Non applicable Non applicable T<span class=\"_ _1\"></span>itres de  <span class=\"_ _f7\"> </span> participations  <span class=\"_ _21\"> </span> non n\u00e9goci\u00e9s  <span class=\"_ _112\"> </span> sur des march\u00e9s  <span class=\"_ _f6\"> </span> actifs <span class=\"_ _147\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>M\u00e9thode de l\u2019actif ne<span class=\"_ _1\"></span>t ajust\u00e9 : Selon cett<span class=\"_ _1\"></span>e m\u00e9thode, le Groupe  ajuste la valeur c<span class=\"_ _1\"></span>omptable des  actifs et passifs d\u2019un placement,  si et quand c\u2019<span class=\"_ _1\"></span>est n\u00e9cessaire<span class=\"_ _1\"></span>, pour  arriver \u00e0 leur juste v<span class=\"_ _1\"></span>aleur de  march\u00e9 au moment de l\u2019\u00e9valuation Inv<span class=\"_ _1\"></span>estissement dans No<span class=\"_ _1\"></span>val  <span class=\"ff17\">Property : </span>Nov<span class=\"_ _1\"></span>al Property est   une soci\u00e9t\u00e9 immobili\u00e8re qui  suit un mod\u00e8le de juste valeur  pour \u00e9valuer ses actifs. P<span class=\"_ _1\"></span>ar  cons\u00e9quent, l'actif net est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une mesure fiable pour l'estimation de la juste valeur de l'inv<span class=\"_ _1\"></span>estissement La juste valeur estim\u00e9e augmenter<span class=\"_ _1\"></span>ait (diminuerait) en fonction de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers sous- jacents d\u00e9tenus(b) T<span class=\"_ _0\"></span>ransf<span class=\"_ _1\"></span>erts entre les niveaux 1 et 2 Il n\u2019y a pas eu de transf<span class=\"_ _1\"></span>erts du niveau 2 v<span class=\"_ _1\"></span>ers le niveau 1 ou du niv<span class=\"_ _1\"></span>eau 1 vers le niv<span class=\"_ _1\"></span>eau 2 en 2022 ni en 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-214-2": {
   "value": "21. Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _159\"> </span>36.431 <span class=\"_ _135\"> </span>34.539 Quote-part dans le r\u00e9sultat apr\u00e8s imp\u00f4t <span class=\"_ _207\"> </span>6.059 <span class=\"_ _180\"> </span>1.855 Quote-part dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _118\"> </span>(133) <span class=\"_ _dc\"> </span>(94) Cessions <span class=\"_ _174\"> </span>(2.358) <span class=\"_ _c8\"> </span>- Dividendes re\u00e7us <span class=\"_ _208\"> </span>(282) <span class=\"_ _186\"> </span>(656) Ecarts de change <span class=\"_ _209\"> </span>1.24<span class=\"_ _1\"></span>1 <span class=\"_ _16b\"> </span>786 Solde au 31 d\u00e9cembre <span class=\"_ _20a\"> </span>40.959 <span class=\"_ _be\"> </span>36.431Au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e pr\u00e9c\u00e9dente, le Gr<span class=\"_ _1\"></span>oupe, par l\u2019interm\u00e9diaire de CP<span class=\"_ _1\"></span>W America, d\u00e9tenait une participation de 19,4 % dans Bellville T<span class=\"_ _0\"></span>ube Company et comptabilisait l\u2019in<span class=\"_ _1\"></span>vestissement en tant qu\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise associ\u00e9e. En ao\u00fbt 2022, le Gr<span class=\"_ _1\"></span>oupe<span class=\"_ _8\"></span> a c\u00e9d\u00e9 sa participation dans Bellville T<span class=\"_ _0\"></span>ube Company pour un montant de 3,3 millions de dollars am\u00e9ricains, \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir<span class=\"_ _8\"></span> par versements mensuels. L<span class=\"_ _1\"></span>e prix de cession \u00e9tait conf<span class=\"_ _1\"></span>orme \u00e0 l\u2019accor<span class=\"_ _1\"></span>d d\u2019achat initial, qui pr<span class=\"_ _1\"></span>escrit que CPW America<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait l\u2019<span class=\"_ _1\"></span>option, au cours de la p\u00e9riode 2022-2025, d\u2019<span class=\"_ _1\"></span>exiger que Bellville T<span class=\"_ _0\"></span>ube Compan<span class=\"_ _1\"></span>y rach\u00e8te la totalit\u00e9, mais pas moins que la totalit\u00e9, des actions de Bellville T<span class=\"_ _0\"></span>ube Company alors d\u00e9t<span class=\"_ _1\"></span>enues par CPW America. Le prix d\u2019achat global des actions rachet\u00e9es a \u00e9t\u00e9 fix\u00e9 \u00e0 3,3 millions de dollars am\u00e9ricains, soit le montant initialement v<span class=\"_ _1\"></span>ers\u00e9 pour l\u2019achat de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company<span class=\"_ _0\"></span>. Cette transaction a \u00e9galement entr<span class=\"_ _1\"></span>a\u00een\u00e9 la d\u00e9comptabilisation des options li\u00e9es pr\u00e9c\u00e9demment comptabilis\u00e9es dans l\u2019\u00e9tat de la situation financi\u00e8r<span class=\"_ _1\"></span>e. Le montant comptabilis\u00e9 c<span class=\"_ _1\"></span>omme une perte dans le<span class=\"_ _8\"></span> compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9est calcul\u00e9 comme suit :<span class=\"ls6\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros   Prix de cession <span class=\"_ _ae\"> </span>3.2<span class=\"_ _1\"></span>41 Moins :  <span class=\"_ _20b\"> </span>  V<span class=\"_ _1\"></span>aleur comptable de l'in<span class=\"_ _1\"></span>vestissement \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _d1\"> </span>(2.358) V<span class=\"_ _1\"></span>aleur comptable des options \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _20c\"> </span>(1.040) Perte enregis<span class=\"_ _1\"></span>tr\u00e9e de la cession de l'entreprise associ\u00e9s <span class=\"_ _16c\"> </span>(156)B. Informations financi\u00e8res par entr<span class=\"_ _1\"></span>eprise associ\u00e9e Les tableaux suiv<span class=\"_ _1\"></span>ants pr\u00e9sentent les informations financi\u00e8r<span class=\"_ _1\"></span>es par entreprise associ\u00e9e. L'inf<span class=\"_ _1\"></span>ormation financi\u00e8re fournie r<span class=\"_ _1\"></span>efl\u00e8te les montants des \u00e9tats financiers des entreprises as<span class=\"_ _1\"></span>soci\u00e9es concern\u00e9es.  2022 <span class=\"_ _20d\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _10a\"> </span>52.518 <span class=\"_ _1fc\"> </span>1.861 <span class=\"_ _14c\"> </span>1.77<span class=\"_ _1\"></span>9 <span class=\"_ _94\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c0\"> </span>2.781 <span class=\"_ _170\"> </span>95 <span class=\"_ _20f\"> </span>94 <span class=\"_ _7f\"> </span>26,<span class=\"_ _1\"></span>19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _11a\"> </span>95.246 <span class=\"_ _1d3\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.28<span class=\"_ _1\"></span>7 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _1cc\"> </span>1.724.<span class=\"_ _1\"></span>169 <span class=\"_ _1d5\"> </span>6.600 <span class=\"_ _210\"> </span>6.071 <span class=\"_ _ab\"> </span>20,50 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _34\"> </span>13.<span class=\"_ _1\"></span>191 <span class=\"_ _11b\"> </span>5.388 <span class=\"_ _99\"> </span>13.373 <span class=\"_ _89\"> </span>2.619 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _19e\"> </span>2.966 <span class=\"_ _ed\"> </span>11.846 <span class=\"_ _147\"> </span>891 <span class=\"_ _1d\"> </span>8.<span class=\"_ _1\"></span>172 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _41\"> </span>69.910 <span class=\"_ _11b\"> </span>5.252 <span class=\"_ _5b\"> </span>42.498 <span class=\"_ _10\"> </span>87 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _80\"> </span>149.5<span class=\"_ _1\"></span>77 <span class=\"_ _11b\"> </span>8.24<span class=\"_ _1\"></span>7 <span class=\"_ _1a3\"> </span>103.<span class=\"_ _1\"></span>172 <span class=\"_ _4e\"> </span>6.032 2021 <span class=\"_ _212\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _184\"> </span>39.4<span class=\"_ _1\"></span>78 <span class=\"_ _e6\"> </span>825 <span class=\"_ _11b\"> </span>713 <span class=\"_ _34\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c3\"> </span>2.44<span class=\"_ _1\"></span>7 <span class=\"_ _be\"> </span>127 <span class=\"_ _184\"> </span>131 <span class=\"_ _7f\"> </span>26,19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _213\"> </span>70<span class=\"_ _1\"></span>.009 <span class=\"_ _d0\"> </span>1.910 <span class=\"_ _14c\"> </span>1.910 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _27\"> </span>1.438.330 <span class=\"_ _214\"> </span>5.816 <span class=\"_ _188\"> </span>5.516 <span class=\"_ _a4\"> </span>20,50 % BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>\u00c9tats-Unis <span class=\"_ _f7\"> </span>20<span class=\"_ _1\"></span>.238 <span class=\"_ _1dd\"> </span>(2.837) <span class=\"_ _f7\"> </span>(2.837) <span class=\"_ _3e\"> </span>19,40 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _a4\"> </span>7<span class=\"_ _1\"></span>.847 <span class=\"_ _184\"> </span>3.561 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37 <span class=\"_ _1cc\"> </span>1.710 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _1e\"> </span>1.968 <span class=\"_ _ca\"> </span>12.0<span class=\"_ _1\"></span>70 <span class=\"_ _147\"> </span>193 <span class=\"_ _5d\"> </span>8.<span class=\"_ _1\"></span>191 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _10e\"> </span>64.836 <span class=\"_ _ed\"> </span>5.004 <span class=\"_ _5b\"> </span>46.926 <span class=\"_ _1f5\"> </span>23 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _55\"> </span>187<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>131 <span class=\"_ _1ac\"> </span>7<span class=\"_ _1\"></span>.681 <span class=\"_ _1d\"> </span>145.803 <span class=\"_ _3f\"> </span>6.461 BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _f7\"> </span>422 <span class=\"_ _213\"> </span>13.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>44 <span class=\"_ _1f5\"> </span>3.988 <span class=\"_ _89\"> </span>3.418Le tableau suiv<span class=\"_ _1\"></span>ant analyse la participation dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et d'autres entr<span class=\"_ _1\"></span>eprises associ\u00e9es importantes :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 1 janvier (100 %) <span class=\"_ _215\"> </span>22.891 <span class=\"_ _13d\"> </span>20.336 R\u00e9sultat global total de A<span class=\"_ _1\"></span>O-CPW (100 %) <span class=\"_ _19d\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _11c\"> </span>1.910 Ecarts de change (100 %) <span class=\"_ _169\"> </span>2.399 <span class=\"_ _180\"> </span>1.49<span class=\"_ _1\"></span>3 Dividendes (100 %) <span class=\"_ _216\"> </span>-  <span class=\"_ _101\"> </span>(849) <span class=\"ff18\">Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (100 %) <span class=\"_ _217\"> </span>32.577 <span class=\"_ _db\"> </span>22.891</span> V<span class=\"_ _1\"></span>aleur comptable des int\u00e9r\u00eats dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (49 %) <span class=\"_ _18a\"> </span>11.216 <span class=\"_ _145\"> </span>11.216 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Int<span class=\"_ _1\"></span>ernational T<span class=\"_ _1\"></span>rade S.A. <span class=\"_ _218\"> </span>22.726 <span class=\"_ _141\"> </span>21.<span class=\"_ _1\"></span>481 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company <span class=\"_ _219\"> </span>-  <span class=\"_ _17a\"> </span>1.732 V<span class=\"_ _1\"></span>aleur comptable de la participation dans d'autr<span class=\"_ _1\"></span>es entreprises associ\u00e9es  individuellement immat\u00e9rielles <span class=\"_ _21a\"> </span>2.270 <span class=\"_ _141\"> </span>2.002 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>40<span class=\"_ _1\"></span>.959 <span class=\"_ _db\"> </span>36.431Comme A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW est bas\u00e9e en Russie, il e<span class=\"_ _1\"></span>xiste des r<span class=\"_ _1\"></span>estrictions quant \u00e0 la capacit\u00e9 de l'entreprise associ\u00e9e \u00e0 transf\u00e9r<span class=\"_ _1\"></span>er des fonds \u00e0 la Soci\u00e9t\u00e9 et \u00e0 ses filiales sous forme de dividendes en esp\u00e8c<span class=\"_ _1\"></span>es, en raison des contr<span class=\"_ _1\"></span>e-sanctions impos\u00e9es par la F\u00e9d\u00e9ration de Rus<span class=\"_ _1\"></span>sie.<span class=\"_ _8\"></span> La l\u00e9gislation russe mise en place depuis mai 20<span class=\"_ _1\"></span>22 limite les paiements de montants sup\u00e9rieurs \u00e0 envir<span class=\"_ _1\"></span>on 150<span class=\"_ _8\"></span> milliers d\u2019<span class=\"_ _1\"></span>euros aux r\u00e9sidents de l\u2019UE en r\u00e9ponse aux sanctions impos\u00e9es contr<span class=\"_ _1\"></span>e la Russie. Bien que ces r<span class=\"_ _1\"></span>estrictions soient d\u00e9clar\u00e9es tempor<span class=\"_ _1\"></span>aires, pour \u00e9viter t<span class=\"_ _1\"></span>oute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu potentielle, Humbel Lt<span class=\"_ _1\"></span>d (propri\u00e9taire de 4<span class=\"_ _1\"></span>9 % des<span class=\"_ _8\"></span> actions de l\u2019<span class=\"_ _0\"></span>AO TMK<span class=\"_ _1\"></span>-CPW) a demand\u00e9 \u00e0 A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW de r<span class=\"_ _1\"></span>eporter le paiement de tout dividende li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> 2021 jusqu\u2019\u00e0 nouv<span class=\"_ _1\"></span>el ordr<span class=\"_ _1\"></span>e. Par cons\u00e9quent, en 2022, il n\u2019y a pas eu de tr<span class=\"_ _1\"></span>ansactions entre A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et le Groupe. Il n'exis<span class=\"_ _1\"></span>te aucune autre r<span class=\"_ _1\"></span>estriction \u00e0 la capacit\u00e9 des entreprises as<span class=\"_ _1\"></span>soci\u00e9es \u00e0 transf\u00e9rer des f<span class=\"_ _1\"></span>onds \u00e0 la Soci\u00e9t\u00e9 ou \u00e0 ses<span class=\"_ _8\"></span> filiales sous la forme de dividendes en esp\u00e8ces, ou \u00e0 r<span class=\"_ _1\"></span>embourser des pr\u00eats ou des av<span class=\"_ _1\"></span>ances consentis par la Soci\u00e9t\u00e9. Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e aucune quote-part non comptabilis\u00e9e des pertes d\u2019une entr<span class=\"_ _1\"></span>eprise associ\u00e9e, tant pour la p\u00e9riode sous re<span class=\"_ _1\"></span>vue que pour les p\u00e9riodes cumul\u00e9es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-214-3": {
   "value": "21. Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _159\"> </span>36.431 <span class=\"_ _135\"> </span>34.539 Quote-part dans le r\u00e9sultat apr\u00e8s imp\u00f4t <span class=\"_ _207\"> </span>6.059 <span class=\"_ _180\"> </span>1.855 Quote-part dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _118\"> </span>(133) <span class=\"_ _dc\"> </span>(94) Cessions <span class=\"_ _174\"> </span>(2.358) <span class=\"_ _c8\"> </span>- Dividendes re\u00e7us <span class=\"_ _208\"> </span>(282) <span class=\"_ _186\"> </span>(656) Ecarts de change <span class=\"_ _209\"> </span>1.24<span class=\"_ _1\"></span>1 <span class=\"_ _16b\"> </span>786 Solde au 31 d\u00e9cembre <span class=\"_ _20a\"> </span>40.959 <span class=\"_ _be\"> </span>36.431Au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e pr\u00e9c\u00e9dente, le Gr<span class=\"_ _1\"></span>oupe, par l\u2019interm\u00e9diaire de CP<span class=\"_ _1\"></span>W America, d\u00e9tenait une participation de 19,4 % dans Bellville T<span class=\"_ _0\"></span>ube Company et comptabilisait l\u2019in<span class=\"_ _1\"></span>vestissement en tant qu\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise associ\u00e9e. En ao\u00fbt 2022, le Gr<span class=\"_ _1\"></span>oupe<span class=\"_ _8\"></span> a c\u00e9d\u00e9 sa participation dans Bellville T<span class=\"_ _0\"></span>ube Company pour un montant de 3,3 millions de dollars am\u00e9ricains, \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir<span class=\"_ _8\"></span> par versements mensuels. L<span class=\"_ _1\"></span>e prix de cession \u00e9tait conf<span class=\"_ _1\"></span>orme \u00e0 l\u2019accor<span class=\"_ _1\"></span>d d\u2019achat initial, qui pr<span class=\"_ _1\"></span>escrit que CPW America<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait l\u2019<span class=\"_ _1\"></span>option, au cours de la p\u00e9riode 2022-2025, d\u2019<span class=\"_ _1\"></span>exiger que Bellville T<span class=\"_ _0\"></span>ube Compan<span class=\"_ _1\"></span>y rach\u00e8te la totalit\u00e9, mais pas moins que la totalit\u00e9, des actions de Bellville T<span class=\"_ _0\"></span>ube Company alors d\u00e9t<span class=\"_ _1\"></span>enues par CPW America. Le prix d\u2019achat global des actions rachet\u00e9es a \u00e9t\u00e9 fix\u00e9 \u00e0 3,3 millions de dollars am\u00e9ricains, soit le montant initialement v<span class=\"_ _1\"></span>ers\u00e9 pour l\u2019achat de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company<span class=\"_ _0\"></span>. Cette transaction a \u00e9galement entr<span class=\"_ _1\"></span>a\u00een\u00e9 la d\u00e9comptabilisation des options li\u00e9es pr\u00e9c\u00e9demment comptabilis\u00e9es dans l\u2019\u00e9tat de la situation financi\u00e8r<span class=\"_ _1\"></span>e. Le montant comptabilis\u00e9 c<span class=\"_ _1\"></span>omme une perte dans le<span class=\"_ _8\"></span> compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9est calcul\u00e9 comme suit :<span class=\"ls6\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros   Prix de cession <span class=\"_ _ae\"> </span>3.2<span class=\"_ _1\"></span>41 Moins :  <span class=\"_ _20b\"> </span>  V<span class=\"_ _1\"></span>aleur comptable de l'in<span class=\"_ _1\"></span>vestissement \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _d1\"> </span>(2.358) V<span class=\"_ _1\"></span>aleur comptable des options \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _20c\"> </span>(1.040) Perte enregis<span class=\"_ _1\"></span>tr\u00e9e de la cession de l'entreprise associ\u00e9s <span class=\"_ _16c\"> </span>(156)B. Informations financi\u00e8res par entr<span class=\"_ _1\"></span>eprise associ\u00e9e Les tableaux suiv<span class=\"_ _1\"></span>ants pr\u00e9sentent les informations financi\u00e8r<span class=\"_ _1\"></span>es par entreprise associ\u00e9e. L'inf<span class=\"_ _1\"></span>ormation financi\u00e8re fournie r<span class=\"_ _1\"></span>efl\u00e8te les montants des \u00e9tats financiers des entreprises as<span class=\"_ _1\"></span>soci\u00e9es concern\u00e9es.  2022 <span class=\"_ _20d\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _10a\"> </span>52.518 <span class=\"_ _1fc\"> </span>1.861 <span class=\"_ _14c\"> </span>1.77<span class=\"_ _1\"></span>9 <span class=\"_ _94\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c0\"> </span>2.781 <span class=\"_ _170\"> </span>95 <span class=\"_ _20f\"> </span>94 <span class=\"_ _7f\"> </span>26,<span class=\"_ _1\"></span>19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _11a\"> </span>95.246 <span class=\"_ _1d3\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.28<span class=\"_ _1\"></span>7 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _1cc\"> </span>1.724.<span class=\"_ _1\"></span>169 <span class=\"_ _1d5\"> </span>6.600 <span class=\"_ _210\"> </span>6.071 <span class=\"_ _ab\"> </span>20,50 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _34\"> </span>13.<span class=\"_ _1\"></span>191 <span class=\"_ _11b\"> </span>5.388 <span class=\"_ _99\"> </span>13.373 <span class=\"_ _89\"> </span>2.619 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _19e\"> </span>2.966 <span class=\"_ _ed\"> </span>11.846 <span class=\"_ _147\"> </span>891 <span class=\"_ _1d\"> </span>8.<span class=\"_ _1\"></span>172 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _41\"> </span>69.910 <span class=\"_ _11b\"> </span>5.252 <span class=\"_ _5b\"> </span>42.498 <span class=\"_ _10\"> </span>87 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _80\"> </span>149.5<span class=\"_ _1\"></span>77 <span class=\"_ _11b\"> </span>8.24<span class=\"_ _1\"></span>7 <span class=\"_ _1a3\"> </span>103.<span class=\"_ _1\"></span>172 <span class=\"_ _4e\"> </span>6.032 2021 <span class=\"_ _212\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _184\"> </span>39.4<span class=\"_ _1\"></span>78 <span class=\"_ _e6\"> </span>825 <span class=\"_ _11b\"> </span>713 <span class=\"_ _34\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c3\"> </span>2.44<span class=\"_ _1\"></span>7 <span class=\"_ _be\"> </span>127 <span class=\"_ _184\"> </span>131 <span class=\"_ _7f\"> </span>26,19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _213\"> </span>70<span class=\"_ _1\"></span>.009 <span class=\"_ _d0\"> </span>1.910 <span class=\"_ _14c\"> </span>1.910 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _27\"> </span>1.438.330 <span class=\"_ _214\"> </span>5.816 <span class=\"_ _188\"> </span>5.516 <span class=\"_ _a4\"> </span>20,50 % BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>\u00c9tats-Unis <span class=\"_ _f7\"> </span>20<span class=\"_ _1\"></span>.238 <span class=\"_ _1dd\"> </span>(2.837) <span class=\"_ _f7\"> </span>(2.837) <span class=\"_ _3e\"> </span>19,40 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _a4\"> </span>7<span class=\"_ _1\"></span>.847 <span class=\"_ _184\"> </span>3.561 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37 <span class=\"_ _1cc\"> </span>1.710 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _1e\"> </span>1.968 <span class=\"_ _ca\"> </span>12.0<span class=\"_ _1\"></span>70 <span class=\"_ _147\"> </span>193 <span class=\"_ _5d\"> </span>8.<span class=\"_ _1\"></span>191 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _10e\"> </span>64.836 <span class=\"_ _ed\"> </span>5.004 <span class=\"_ _5b\"> </span>46.926 <span class=\"_ _1f5\"> </span>23 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _55\"> </span>187<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>131 <span class=\"_ _1ac\"> </span>7<span class=\"_ _1\"></span>.681 <span class=\"_ _1d\"> </span>145.803 <span class=\"_ _3f\"> </span>6.461 BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _f7\"> </span>422 <span class=\"_ _213\"> </span>13.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>44 <span class=\"_ _1f5\"> </span>3.988 <span class=\"_ _89\"> </span>3.418Le tableau suiv<span class=\"_ _1\"></span>ant analyse la participation dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et d'autres entr<span class=\"_ _1\"></span>eprises associ\u00e9es importantes :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 1 janvier (100 %) <span class=\"_ _215\"> </span>22.891 <span class=\"_ _13d\"> </span>20.336 R\u00e9sultat global total de A<span class=\"_ _1\"></span>O-CPW (100 %) <span class=\"_ _19d\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _11c\"> </span>1.910 Ecarts de change (100 %) <span class=\"_ _169\"> </span>2.399 <span class=\"_ _180\"> </span>1.49<span class=\"_ _1\"></span>3 Dividendes (100 %) <span class=\"_ _216\"> </span>-  <span class=\"_ _101\"> </span>(849) <span class=\"ff18\">Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (100 %) <span class=\"_ _217\"> </span>32.577 <span class=\"_ _db\"> </span>22.891</span> V<span class=\"_ _1\"></span>aleur comptable des int\u00e9r\u00eats dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (49 %) <span class=\"_ _18a\"> </span>11.216 <span class=\"_ _145\"> </span>11.216 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Int<span class=\"_ _1\"></span>ernational T<span class=\"_ _1\"></span>rade S.A. <span class=\"_ _218\"> </span>22.726 <span class=\"_ _141\"> </span>21.<span class=\"_ _1\"></span>481 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company <span class=\"_ _219\"> </span>-  <span class=\"_ _17a\"> </span>1.732 V<span class=\"_ _1\"></span>aleur comptable de la participation dans d'autr<span class=\"_ _1\"></span>es entreprises associ\u00e9es  individuellement immat\u00e9rielles <span class=\"_ _21a\"> </span>2.270 <span class=\"_ _141\"> </span>2.002 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>40<span class=\"_ _1\"></span>.959 <span class=\"_ _db\"> </span>36.431Comme A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW est bas\u00e9e en Russie, il e<span class=\"_ _1\"></span>xiste des r<span class=\"_ _1\"></span>estrictions quant \u00e0 la capacit\u00e9 de l'entreprise associ\u00e9e \u00e0 transf\u00e9r<span class=\"_ _1\"></span>er des fonds \u00e0 la Soci\u00e9t\u00e9 et \u00e0 ses filiales sous forme de dividendes en esp\u00e8c<span class=\"_ _1\"></span>es, en raison des contr<span class=\"_ _1\"></span>e-sanctions impos\u00e9es par la F\u00e9d\u00e9ration de Rus<span class=\"_ _1\"></span>sie.<span class=\"_ _8\"></span> La l\u00e9gislation russe mise en place depuis mai 20<span class=\"_ _1\"></span>22 limite les paiements de montants sup\u00e9rieurs \u00e0 envir<span class=\"_ _1\"></span>on 150<span class=\"_ _8\"></span> milliers d\u2019<span class=\"_ _1\"></span>euros aux r\u00e9sidents de l\u2019UE en r\u00e9ponse aux sanctions impos\u00e9es contr<span class=\"_ _1\"></span>e la Russie. Bien que ces r<span class=\"_ _1\"></span>estrictions soient d\u00e9clar\u00e9es tempor<span class=\"_ _1\"></span>aires, pour \u00e9viter t<span class=\"_ _1\"></span>oute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu potentielle, Humbel Lt<span class=\"_ _1\"></span>d (propri\u00e9taire de 4<span class=\"_ _1\"></span>9 % des<span class=\"_ _8\"></span> actions de l\u2019<span class=\"_ _0\"></span>AO TMK<span class=\"_ _1\"></span>-CPW) a demand\u00e9 \u00e0 A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW de r<span class=\"_ _1\"></span>eporter le paiement de tout dividende li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> 2021 jusqu\u2019\u00e0 nouv<span class=\"_ _1\"></span>el ordr<span class=\"_ _1\"></span>e. Par cons\u00e9quent, en 2022, il n\u2019y a pas eu de tr<span class=\"_ _1\"></span>ansactions entre A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et le Groupe. Il n'exis<span class=\"_ _1\"></span>te aucune autre r<span class=\"_ _1\"></span>estriction \u00e0 la capacit\u00e9 des entreprises as<span class=\"_ _1\"></span>soci\u00e9es \u00e0 transf\u00e9rer des f<span class=\"_ _1\"></span>onds \u00e0 la Soci\u00e9t\u00e9 ou \u00e0 ses<span class=\"_ _8\"></span> filiales sous la forme de dividendes en esp\u00e8ces, ou \u00e0 r<span class=\"_ _1\"></span>embourser des pr\u00eats ou des av<span class=\"_ _1\"></span>ances consentis par la Soci\u00e9t\u00e9. Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e aucune quote-part non comptabilis\u00e9e des pertes d\u2019une entr<span class=\"_ _1\"></span>eprise associ\u00e9e, tant pour la p\u00e9riode sous re<span class=\"_ _1\"></span>vue que pour les p\u00e9riodes cumul\u00e9es.<span class=\"_ _8\"></span> 22. Autr<span class=\"_ _1\"></span>es inv<span class=\"_ _1\"></span>estissements  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _21b\"> </span>5.812 <span class=\"_ _c6\"> </span>5.657 Acquisitions <span class=\"_ _1b9\"> </span>- <span class=\"_ _c8\"> </span>- V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Cessions <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812Les autr<span class=\"_ _1\"></span>es placements sont des titres de participation \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat<span class=\"_ _8\"></span> global et concernent des actions non c<span class=\"_ _1\"></span>ot\u00e9es (instruments de capitaux propr<span class=\"_ _1\"></span>es) d'entit\u00e9s gr<span class=\"_ _1\"></span>ecques.<span class=\"_ _8\"></span> 31. Liste des filiales Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings et les pourcentages de participa<span class=\"_ _1\"></span>tion d\u00e9tenus \u00e0 la fin de la p\u00e9riode concern\u00e9e sont comme suit :  <span class=\"_ _206\"> </span> Filiales <span class=\"_ _27a\"> </span>Pay<span class=\"_ _1\"></span>s de  constitution P<span class=\"_ _1\"></span>articipations 2022 direct<span class=\"_ _1\"></span>es et indirectes  Participations 2021<span class=\"_ _8\"></span> directes et indirect<span class=\"_ _1\"></span>es<span class=\"_ _7\"></span>  CORINTH PIPEW<span class=\"_ _1\"></span>ORKS S.A. <span class=\"_ _128\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % CPW AMERICA CO <span class=\"_ _146\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TS-UNIS <span class=\"_ _27c\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,00 % HUMBEL L<span class=\"_ _0\"></span>TD <span class=\"_ _1de\"> </span>CHYPRE <span class=\"_ _195\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % V<span class=\"_ _0\"></span>ARSOVIE TUBULAIRE TRADING SP<span class=\"_ _0\"></span>. ZOO<span class=\"_ _1\"></span>. <span class=\"_ _b3\"> </span>POLOGNE <span class=\"_ _120\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % FUL<span class=\"_ _1\"></span>GOR S.A. <span class=\"_ _11e\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100<span class=\"_ _1\"></span>,00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % ICME ECAB S.A. <span class=\"_ _10b\"> </span>ROUMANIE <span class=\"_ _1fd\"> </span>99,98 % <span class=\"_ _143\"> </span>99,98 % LESCO OOD <span class=\"_ _1f8\"> </span>BULGARIE <span class=\"_ _1df\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % LESCO ROMANIA S.A. <span class=\"_ _130\"> </span>ROUMANIE <span class=\"_ _27d\"> </span>65,00 % <span class=\"_ _d0\"> </span>65,00 % DE LAIRE L<span class=\"_ _0\"></span>TD <span class=\"_ _27e\"> </span>CHYPRE <span class=\"_ _195\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,00 % HELLENIC CABLES S.A.  HELLENIC CABLE INDUSTR<span class=\"_ _1\"></span>Y S.A. <span class=\"_ _1f7\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,<span class=\"_ _1\"></span>00 % HELLENIC CABLES TRADING CO <span class=\"_ _a1\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>S-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % HELLENIC CABLES AMERICAS C<span class=\"_ _1\"></span>O <span class=\"_ _18f\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>S-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES  HOLDINGS LL<span class=\"_ _1\"></span>C <span class=\"_ _264\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TS-UNIS <span class=\"_ _146\"> </span>100,00 % <span class=\"_ _242\"> </span>- SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES LL<span class=\"_ _1\"></span>C <span class=\"_ _5e\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TS-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _242\"> </span>- CPW SOLAR S.A. <span class=\"_ _245\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _242\"> </span>- CPW WIND S.A. <span class=\"_ _10b\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100<span class=\"_ _1\"></span>,00 % <span class=\"_ _242\"> </span>-Pour tout<span class=\"_ _1\"></span>es les entit\u00e9s ci-dessus, Cenergy Holdings S.A. e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce son contr\u00f4le dir<span class=\"_ _1\"></span>ectement et/<span class=\"_ _1\"></span>ou indir<span class=\"_ _1\"></span>ectement. Le 6 janvier 20<span class=\"_ _1\"></span>22, la filiale C-Energy Americas Co<span class=\"_ _1\"></span>. a \u00e9t\u00e9 renomm\u00e9e Hellenic Cables Americas Co<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En 2022, les filiales suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 \u00e9tablies :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables Americas C<span class=\"_ _1\"></span>o. a \u00e9tabli deux nouvelles filiales aux \u00c9ta<span class=\"_ _1\"></span>ts-Unis, SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES HOLDINGS LL<span class=\"_ _1\"></span>C et SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES LL<span class=\"_ _1\"></span>C., pour sout<span class=\"_ _1\"></span>enir la construction d'une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks S.A. a cr\u00e9\u00e9 deux nouv<span class=\"_ _1\"></span>elles filiales en Gr\u00e8ce, CP<span class=\"_ _1\"></span>W SOLAR S.A. et CPW WIND S.A, pour<span class=\"_ _8\"></span> soutenir les futurs plans d'in<span class=\"_ _1\"></span>vestissement, sans qu'une d\u00e9cision finale soit enc<span class=\"_ _1\"></span>ore en place<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 32. Entreprises c<span class=\"_ _1\"></span>ommunes<span class=\"_ _8\"></span> Hellenic Cables d\u00e9tient une participation de 62,48 % dans une entr<span class=\"_ _1\"></span>eprise commune nomm\u00e9e V<span class=\"_ _1\"></span>O Cablel V<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>.F<span class=\"_ _1\"></span>., \u00e9tablie en tant que soci\u00e9t\u00e9 de personnes av<span class=\"_ _1\"></span>ec V<span class=\"_ _1\"></span>an Ord. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>objet de cett<span class=\"_ _1\"></span>e entreprise commune est de f<span class=\"_ _1\"></span>ournir et<span class=\"_ _8\"></span> d'installer des c\u00e2bles sous-marins et terr<span class=\"_ _1\"></span>estres pour le pr<span class=\"_ _1\"></span>ojet Hollandse Kust (South) Alpha et le pr<span class=\"_ _1\"></span>ojet Hollandse<span class=\"_ _8\"></span> Kust (South) Beta. L<span class=\"_ _1\"></span>e principal lieu d\u2019op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019<span class=\"_ _1\"></span>entreprise commune es<span class=\"_ _1\"></span>t aux Pays-Bas. Hellenic Cables d\u00e9tient une participation de 50,<span class=\"_ _1\"></span>77 % dans un partenariat appel\u00e9 DEME Offshor<span class=\"_ _1\"></span>e NL - Hellenic Cables<span class=\"_ _8\"></span> V<span class=\"_ _0\"></span>.O<span class=\"_ _1\"></span>.F<span class=\"_ _0\"></span>., qui a \u00e9t\u00e9 \u00e9tabli en partenariat av<span class=\"_ _1\"></span>ec Tide<span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Elle a pour objet la mise en \u0153uvre d\u2019un c<span class=\"_ _1\"></span>ontrat cl\u00e9s en main portant sur la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de c\u00e2bles sous-marins permettant le rac<span class=\"_ _1\"></span>cordement du par<span class=\"_ _1\"></span>c \u00e9olien offshore de Seamade au r\u00e9seau belge. Le principal lieu d\u2019<span class=\"_ _1\"></span>op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019activit\u00e9 conjointe es<span class=\"_ _1\"></span>t en Belgique.<span class=\"_ _8\"></span> Fulgor d\u00e9tient une participation de 10,<span class=\"_ _1\"></span>00 % dans un partenariat appel\u00e9 Fulgor \u2013 JDN Consortium, qui a \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Jan De Nul. Le champ d'application de c<span class=\"_ _1\"></span>ette entreprise c<span class=\"_ _1\"></span>ommune est de signer un contr<span class=\"_ _1\"></span>at cl\u00e9 en<span class=\"_ _8\"></span> main pour l'installation de c\u00e2bles sous-marins pour l'inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te-P\u00e9loponn\u00e8se en Gr\u00e8ce. L<span class=\"_ _1\"></span>e principal lieu<span class=\"_ _8\"></span> d'activit\u00e9 de cett<span class=\"_ _1\"></span>e op\u00e9ration commune es<span class=\"_ _1\"></span>t en Gr\u00e8ce. Fulgor d\u00e9tient une participation de 70<span class=\"_ _1\"></span>,27 % dans un partenariat appel\u00e9 F<span class=\"_ _1\"></span>ulgor \u2013 Asso.subsea Lt<span class=\"_ _1\"></span>d Consortium, qui a<span class=\"_ _8\"></span> \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Asso<span class=\"_ _1\"></span>.subsea Ltd. Le champ d\u2019<span class=\"_ _1\"></span>application de cett<span class=\"_ _1\"></span>e entreprise commune est d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cuter un contr<span class=\"_ _1\"></span>at cl\u00e9 en main pour la conception, la f<span class=\"_ _1\"></span>abrication, la fourniture et l\u2019installa<span class=\"_ _1\"></span>tion du r\u00e9seau de c\u00e2bles sous-marins de 150 kV reliant le par<span class=\"_ _1\"></span>c \u00e9olien Kafireas II de 330 MW en c<span class=\"_ _1\"></span>onstruction au r\u00e9seau continental de la Gr\u00e8ce<span class=\"_ _1\"></span>. Le<span class=\"_ _8\"></span> principal lieu d'activit\u00e9 de cett<span class=\"_ _1\"></span>e entreprise commune est en Gr\u00e8c<span class=\"_ _1\"></span>e. Les entr<span class=\"_ _1\"></span>eprises communes susmentionn\u00e9es ont \u00e9t\u00e9 form\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Les acc<span class=\"_ _1\"></span>ords r<span class=\"_ _1\"></span>elatifs au consortium V<span class=\"_ _1\"></span>O Cabdel VOF<span class=\"_ _0\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>O.F<span class=\"_ _0\"></span>., Fulgor \u2013 JDN et Fulgor \u2013 Asso<span class=\"_ _1\"></span>.subsea Ltd e<span class=\"_ _1\"></span>xigent le consentement unanime de tout<span class=\"_ _1\"></span>es les parties pour toutes les activit\u00e9s pertinentes. Les deux part<span class=\"_ _1\"></span>enaires disposent de dr<span class=\"_ _1\"></span>oits directs sur les actifs du partenariat et sont solidair<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> responsables de ses engagements. C<span class=\"_ _1\"></span>es entit\u00e9s sont donc class\u00e9es en tant qu'entreprises communes et le Gr<span class=\"_ _1\"></span>oupe rec<span class=\"_ _1\"></span>onna\u00eet son droit dir<span class=\"_ _1\"></span>ect sur les actifs, passifs, produits et char<span class=\"_ _1\"></span>ges d\u00e9tenus conjointement, t<span class=\"_ _1\"></span>el que d\u00e9crit \u00e0 la note 5.<span class=\"_ _1\"></span>1(g). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-214-4": {
   "value": "21. Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _159\"> </span>36.431 <span class=\"_ _135\"> </span>34.539 Quote-part dans le r\u00e9sultat apr\u00e8s imp\u00f4t <span class=\"_ _207\"> </span>6.059 <span class=\"_ _180\"> </span>1.855 Quote-part dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _118\"> </span>(133) <span class=\"_ _dc\"> </span>(94) Cessions <span class=\"_ _174\"> </span>(2.358) <span class=\"_ _c8\"> </span>- Dividendes re\u00e7us <span class=\"_ _208\"> </span>(282) <span class=\"_ _186\"> </span>(656) Ecarts de change <span class=\"_ _209\"> </span>1.24<span class=\"_ _1\"></span>1 <span class=\"_ _16b\"> </span>786 Solde au 31 d\u00e9cembre <span class=\"_ _20a\"> </span>40.959 <span class=\"_ _be\"> </span>36.431Au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e pr\u00e9c\u00e9dente, le Gr<span class=\"_ _1\"></span>oupe, par l\u2019interm\u00e9diaire de CP<span class=\"_ _1\"></span>W America, d\u00e9tenait une participation de 19,4 % dans Bellville T<span class=\"_ _0\"></span>ube Company et comptabilisait l\u2019in<span class=\"_ _1\"></span>vestissement en tant qu\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise associ\u00e9e. En ao\u00fbt 2022, le Gr<span class=\"_ _1\"></span>oupe<span class=\"_ _8\"></span> a c\u00e9d\u00e9 sa participation dans Bellville T<span class=\"_ _0\"></span>ube Company pour un montant de 3,3 millions de dollars am\u00e9ricains, \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir<span class=\"_ _8\"></span> par versements mensuels. L<span class=\"_ _1\"></span>e prix de cession \u00e9tait conf<span class=\"_ _1\"></span>orme \u00e0 l\u2019accor<span class=\"_ _1\"></span>d d\u2019achat initial, qui pr<span class=\"_ _1\"></span>escrit que CPW America<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait l\u2019<span class=\"_ _1\"></span>option, au cours de la p\u00e9riode 2022-2025, d\u2019<span class=\"_ _1\"></span>exiger que Bellville T<span class=\"_ _0\"></span>ube Compan<span class=\"_ _1\"></span>y rach\u00e8te la totalit\u00e9, mais pas moins que la totalit\u00e9, des actions de Bellville T<span class=\"_ _0\"></span>ube Company alors d\u00e9t<span class=\"_ _1\"></span>enues par CPW America. Le prix d\u2019achat global des actions rachet\u00e9es a \u00e9t\u00e9 fix\u00e9 \u00e0 3,3 millions de dollars am\u00e9ricains, soit le montant initialement v<span class=\"_ _1\"></span>ers\u00e9 pour l\u2019achat de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company<span class=\"_ _0\"></span>. Cette transaction a \u00e9galement entr<span class=\"_ _1\"></span>a\u00een\u00e9 la d\u00e9comptabilisation des options li\u00e9es pr\u00e9c\u00e9demment comptabilis\u00e9es dans l\u2019\u00e9tat de la situation financi\u00e8r<span class=\"_ _1\"></span>e. Le montant comptabilis\u00e9 c<span class=\"_ _1\"></span>omme une perte dans le<span class=\"_ _8\"></span> compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9est calcul\u00e9 comme suit :<span class=\"ls6\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros   Prix de cession <span class=\"_ _ae\"> </span>3.2<span class=\"_ _1\"></span>41 Moins :  <span class=\"_ _20b\"> </span>  V<span class=\"_ _1\"></span>aleur comptable de l'in<span class=\"_ _1\"></span>vestissement \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _d1\"> </span>(2.358) V<span class=\"_ _1\"></span>aleur comptable des options \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _20c\"> </span>(1.040) Perte enregis<span class=\"_ _1\"></span>tr\u00e9e de la cession de l'entreprise associ\u00e9s <span class=\"_ _16c\"> </span>(156)B. Informations financi\u00e8res par entr<span class=\"_ _1\"></span>eprise associ\u00e9e Les tableaux suiv<span class=\"_ _1\"></span>ants pr\u00e9sentent les informations financi\u00e8r<span class=\"_ _1\"></span>es par entreprise associ\u00e9e. L'inf<span class=\"_ _1\"></span>ormation financi\u00e8re fournie r<span class=\"_ _1\"></span>efl\u00e8te les montants des \u00e9tats financiers des entreprises as<span class=\"_ _1\"></span>soci\u00e9es concern\u00e9es.  2022 <span class=\"_ _20d\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _10a\"> </span>52.518 <span class=\"_ _1fc\"> </span>1.861 <span class=\"_ _14c\"> </span>1.77<span class=\"_ _1\"></span>9 <span class=\"_ _94\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c0\"> </span>2.781 <span class=\"_ _170\"> </span>95 <span class=\"_ _20f\"> </span>94 <span class=\"_ _7f\"> </span>26,<span class=\"_ _1\"></span>19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _11a\"> </span>95.246 <span class=\"_ _1d3\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.28<span class=\"_ _1\"></span>7 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _1cc\"> </span>1.724.<span class=\"_ _1\"></span>169 <span class=\"_ _1d5\"> </span>6.600 <span class=\"_ _210\"> </span>6.071 <span class=\"_ _ab\"> </span>20,50 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _34\"> </span>13.<span class=\"_ _1\"></span>191 <span class=\"_ _11b\"> </span>5.388 <span class=\"_ _99\"> </span>13.373 <span class=\"_ _89\"> </span>2.619 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _19e\"> </span>2.966 <span class=\"_ _ed\"> </span>11.846 <span class=\"_ _147\"> </span>891 <span class=\"_ _1d\"> </span>8.<span class=\"_ _1\"></span>172 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _41\"> </span>69.910 <span class=\"_ _11b\"> </span>5.252 <span class=\"_ _5b\"> </span>42.498 <span class=\"_ _10\"> </span>87 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _80\"> </span>149.5<span class=\"_ _1\"></span>77 <span class=\"_ _11b\"> </span>8.24<span class=\"_ _1\"></span>7 <span class=\"_ _1a3\"> </span>103.<span class=\"_ _1\"></span>172 <span class=\"_ _4e\"> </span>6.032 2021 <span class=\"_ _212\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _184\"> </span>39.4<span class=\"_ _1\"></span>78 <span class=\"_ _e6\"> </span>825 <span class=\"_ _11b\"> </span>713 <span class=\"_ _34\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c3\"> </span>2.44<span class=\"_ _1\"></span>7 <span class=\"_ _be\"> </span>127 <span class=\"_ _184\"> </span>131 <span class=\"_ _7f\"> </span>26,19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _213\"> </span>70<span class=\"_ _1\"></span>.009 <span class=\"_ _d0\"> </span>1.910 <span class=\"_ _14c\"> </span>1.910 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _27\"> </span>1.438.330 <span class=\"_ _214\"> </span>5.816 <span class=\"_ _188\"> </span>5.516 <span class=\"_ _a4\"> </span>20,50 % BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>\u00c9tats-Unis <span class=\"_ _f7\"> </span>20<span class=\"_ _1\"></span>.238 <span class=\"_ _1dd\"> </span>(2.837) <span class=\"_ _f7\"> </span>(2.837) <span class=\"_ _3e\"> </span>19,40 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _a4\"> </span>7<span class=\"_ _1\"></span>.847 <span class=\"_ _184\"> </span>3.561 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37 <span class=\"_ _1cc\"> </span>1.710 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _1e\"> </span>1.968 <span class=\"_ _ca\"> </span>12.0<span class=\"_ _1\"></span>70 <span class=\"_ _147\"> </span>193 <span class=\"_ _5d\"> </span>8.<span class=\"_ _1\"></span>191 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _10e\"> </span>64.836 <span class=\"_ _ed\"> </span>5.004 <span class=\"_ _5b\"> </span>46.926 <span class=\"_ _1f5\"> </span>23 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _55\"> </span>187<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>131 <span class=\"_ _1ac\"> </span>7<span class=\"_ _1\"></span>.681 <span class=\"_ _1d\"> </span>145.803 <span class=\"_ _3f\"> </span>6.461 BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _f7\"> </span>422 <span class=\"_ _213\"> </span>13.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>44 <span class=\"_ _1f5\"> </span>3.988 <span class=\"_ _89\"> </span>3.418Le tableau suiv<span class=\"_ _1\"></span>ant analyse la participation dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et d'autres entr<span class=\"_ _1\"></span>eprises associ\u00e9es importantes :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 1 janvier (100 %) <span class=\"_ _215\"> </span>22.891 <span class=\"_ _13d\"> </span>20.336 R\u00e9sultat global total de A<span class=\"_ _1\"></span>O-CPW (100 %) <span class=\"_ _19d\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _11c\"> </span>1.910 Ecarts de change (100 %) <span class=\"_ _169\"> </span>2.399 <span class=\"_ _180\"> </span>1.49<span class=\"_ _1\"></span>3 Dividendes (100 %) <span class=\"_ _216\"> </span>-  <span class=\"_ _101\"> </span>(849) <span class=\"ff18\">Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (100 %) <span class=\"_ _217\"> </span>32.577 <span class=\"_ _db\"> </span>22.891</span> V<span class=\"_ _1\"></span>aleur comptable des int\u00e9r\u00eats dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (49 %) <span class=\"_ _18a\"> </span>11.216 <span class=\"_ _145\"> </span>11.216 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Int<span class=\"_ _1\"></span>ernational T<span class=\"_ _1\"></span>rade S.A. <span class=\"_ _218\"> </span>22.726 <span class=\"_ _141\"> </span>21.<span class=\"_ _1\"></span>481 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company <span class=\"_ _219\"> </span>-  <span class=\"_ _17a\"> </span>1.732 V<span class=\"_ _1\"></span>aleur comptable de la participation dans d'autr<span class=\"_ _1\"></span>es entreprises associ\u00e9es  individuellement immat\u00e9rielles <span class=\"_ _21a\"> </span>2.270 <span class=\"_ _141\"> </span>2.002 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>40<span class=\"_ _1\"></span>.959 <span class=\"_ _db\"> </span>36.431Comme A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW est bas\u00e9e en Russie, il e<span class=\"_ _1\"></span>xiste des r<span class=\"_ _1\"></span>estrictions quant \u00e0 la capacit\u00e9 de l'entreprise associ\u00e9e \u00e0 transf\u00e9r<span class=\"_ _1\"></span>er des fonds \u00e0 la Soci\u00e9t\u00e9 et \u00e0 ses filiales sous forme de dividendes en esp\u00e8c<span class=\"_ _1\"></span>es, en raison des contr<span class=\"_ _1\"></span>e-sanctions impos\u00e9es par la F\u00e9d\u00e9ration de Rus<span class=\"_ _1\"></span>sie.<span class=\"_ _8\"></span> La l\u00e9gislation russe mise en place depuis mai 20<span class=\"_ _1\"></span>22 limite les paiements de montants sup\u00e9rieurs \u00e0 envir<span class=\"_ _1\"></span>on 150<span class=\"_ _8\"></span> milliers d\u2019<span class=\"_ _1\"></span>euros aux r\u00e9sidents de l\u2019UE en r\u00e9ponse aux sanctions impos\u00e9es contr<span class=\"_ _1\"></span>e la Russie. Bien que ces r<span class=\"_ _1\"></span>estrictions soient d\u00e9clar\u00e9es tempor<span class=\"_ _1\"></span>aires, pour \u00e9viter t<span class=\"_ _1\"></span>oute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu potentielle, Humbel Lt<span class=\"_ _1\"></span>d (propri\u00e9taire de 4<span class=\"_ _1\"></span>9 % des<span class=\"_ _8\"></span> actions de l\u2019<span class=\"_ _0\"></span>AO TMK<span class=\"_ _1\"></span>-CPW) a demand\u00e9 \u00e0 A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW de r<span class=\"_ _1\"></span>eporter le paiement de tout dividende li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> 2021 jusqu\u2019\u00e0 nouv<span class=\"_ _1\"></span>el ordr<span class=\"_ _1\"></span>e. Par cons\u00e9quent, en 2022, il n\u2019y a pas eu de tr<span class=\"_ _1\"></span>ansactions entre A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et le Groupe. Il n'exis<span class=\"_ _1\"></span>te aucune autre r<span class=\"_ _1\"></span>estriction \u00e0 la capacit\u00e9 des entreprises as<span class=\"_ _1\"></span>soci\u00e9es \u00e0 transf\u00e9rer des f<span class=\"_ _1\"></span>onds \u00e0 la Soci\u00e9t\u00e9 ou \u00e0 ses<span class=\"_ _8\"></span> filiales sous la forme de dividendes en esp\u00e8ces, ou \u00e0 r<span class=\"_ _1\"></span>embourser des pr\u00eats ou des av<span class=\"_ _1\"></span>ances consentis par la Soci\u00e9t\u00e9. Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e aucune quote-part non comptabilis\u00e9e des pertes d\u2019une entr<span class=\"_ _1\"></span>eprise associ\u00e9e, tant pour la p\u00e9riode sous re<span class=\"_ _1\"></span>vue que pour les p\u00e9riodes cumul\u00e9es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-214-5": {
   "value": "21. Entit\u00e9s mises en \u00e9quivalenc<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> A. Rapprochement de la v<span class=\"_ _1\"></span>aleur comptable  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _159\"> </span>36.431 <span class=\"_ _135\"> </span>34.539 Quote-part dans le r\u00e9sultat apr\u00e8s imp\u00f4t <span class=\"_ _207\"> </span>6.059 <span class=\"_ _180\"> </span>1.855 Quote-part dans les autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _118\"> </span>(133) <span class=\"_ _dc\"> </span>(94) Cessions <span class=\"_ _174\"> </span>(2.358) <span class=\"_ _c8\"> </span>- Dividendes re\u00e7us <span class=\"_ _208\"> </span>(282) <span class=\"_ _186\"> </span>(656) Ecarts de change <span class=\"_ _209\"> </span>1.24<span class=\"_ _1\"></span>1 <span class=\"_ _16b\"> </span>786 Solde au 31 d\u00e9cembre <span class=\"_ _20a\"> </span>40.959 <span class=\"_ _be\"> </span>36.431Au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e pr\u00e9c\u00e9dente, le Gr<span class=\"_ _1\"></span>oupe, par l\u2019interm\u00e9diaire de CP<span class=\"_ _1\"></span>W America, d\u00e9tenait une participation de 19,4 % dans Bellville T<span class=\"_ _0\"></span>ube Company et comptabilisait l\u2019in<span class=\"_ _1\"></span>vestissement en tant qu\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise associ\u00e9e. En ao\u00fbt 2022, le Gr<span class=\"_ _1\"></span>oupe<span class=\"_ _8\"></span> a c\u00e9d\u00e9 sa participation dans Bellville T<span class=\"_ _0\"></span>ube Company pour un montant de 3,3 millions de dollars am\u00e9ricains, \u00e0 r<span class=\"_ _1\"></span>ecev<span class=\"_ _1\"></span>oir<span class=\"_ _8\"></span> par versements mensuels. L<span class=\"_ _1\"></span>e prix de cession \u00e9tait conf<span class=\"_ _1\"></span>orme \u00e0 l\u2019accor<span class=\"_ _1\"></span>d d\u2019achat initial, qui pr<span class=\"_ _1\"></span>escrit que CPW America<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ait l\u2019<span class=\"_ _1\"></span>option, au cours de la p\u00e9riode 2022-2025, d\u2019<span class=\"_ _1\"></span>exiger que Bellville T<span class=\"_ _0\"></span>ube Compan<span class=\"_ _1\"></span>y rach\u00e8te la totalit\u00e9, mais pas moins que la totalit\u00e9, des actions de Bellville T<span class=\"_ _0\"></span>ube Company alors d\u00e9t<span class=\"_ _1\"></span>enues par CPW America. Le prix d\u2019achat global des actions rachet\u00e9es a \u00e9t\u00e9 fix\u00e9 \u00e0 3,3 millions de dollars am\u00e9ricains, soit le montant initialement v<span class=\"_ _1\"></span>ers\u00e9 pour l\u2019achat de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company<span class=\"_ _0\"></span>. Cette transaction a \u00e9galement entr<span class=\"_ _1\"></span>a\u00een\u00e9 la d\u00e9comptabilisation des options li\u00e9es pr\u00e9c\u00e9demment comptabilis\u00e9es dans l\u2019\u00e9tat de la situation financi\u00e8r<span class=\"_ _1\"></span>e. Le montant comptabilis\u00e9 c<span class=\"_ _1\"></span>omme une perte dans le<span class=\"_ _8\"></span> compte de r\u00e9sulta<span class=\"_ _1\"></span>t consolid\u00e9est calcul\u00e9 comme suit :<span class=\"ls6\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros   Prix de cession <span class=\"_ _ae\"> </span>3.2<span class=\"_ _1\"></span>41 Moins :  <span class=\"_ _20b\"> </span>  V<span class=\"_ _1\"></span>aleur comptable de l'in<span class=\"_ _1\"></span>vestissement \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _d1\"> </span>(2.358) V<span class=\"_ _1\"></span>aleur comptable des options \u00e0 la dat<span class=\"_ _1\"></span>e de cession <span class=\"_ _20c\"> </span>(1.040) Perte enregis<span class=\"_ _1\"></span>tr\u00e9e de la cession de l'entreprise associ\u00e9s <span class=\"_ _16c\"> </span>(156)B. Informations financi\u00e8res par entr<span class=\"_ _1\"></span>eprise associ\u00e9e Les tableaux suiv<span class=\"_ _1\"></span>ants pr\u00e9sentent les informations financi\u00e8r<span class=\"_ _1\"></span>es par entreprise associ\u00e9e. L'inf<span class=\"_ _1\"></span>ormation financi\u00e8re fournie r<span class=\"_ _1\"></span>efl\u00e8te les montants des \u00e9tats financiers des entreprises as<span class=\"_ _1\"></span>soci\u00e9es concern\u00e9es.  2022 <span class=\"_ _20d\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _10a\"> </span>52.518 <span class=\"_ _1fc\"> </span>1.861 <span class=\"_ _14c\"> </span>1.77<span class=\"_ _1\"></span>9 <span class=\"_ _94\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c0\"> </span>2.781 <span class=\"_ _170\"> </span>95 <span class=\"_ _20f\"> </span>94 <span class=\"_ _7f\"> </span>26,<span class=\"_ _1\"></span>19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _11a\"> </span>95.246 <span class=\"_ _1d3\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.28<span class=\"_ _1\"></span>7 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _1cc\"> </span>1.724.<span class=\"_ _1\"></span>169 <span class=\"_ _1d5\"> </span>6.600 <span class=\"_ _210\"> </span>6.071 <span class=\"_ _ab\"> </span>20,50 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _34\"> </span>13.<span class=\"_ _1\"></span>191 <span class=\"_ _11b\"> </span>5.388 <span class=\"_ _99\"> </span>13.373 <span class=\"_ _89\"> </span>2.619 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _19e\"> </span>2.966 <span class=\"_ _ed\"> </span>11.846 <span class=\"_ _147\"> </span>891 <span class=\"_ _1d\"> </span>8.<span class=\"_ _1\"></span>172 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _41\"> </span>69.910 <span class=\"_ _11b\"> </span>5.252 <span class=\"_ _5b\"> </span>42.498 <span class=\"_ _10\"> </span>87 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _80\"> </span>149.5<span class=\"_ _1\"></span>77 <span class=\"_ _11b\"> </span>8.24<span class=\"_ _1\"></span>7 <span class=\"_ _1a3\"> </span>103.<span class=\"_ _1\"></span>172 <span class=\"_ _4e\"> </span>6.032 2021 <span class=\"_ _212\"> </span> Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> <span class=\"_ _1de\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Pay<span class=\"_ _1\"></span>s de l'activit\u00e9 principale  Chiffre d'affaires R\u00e9sultat des activit\u00e9s  poursuivies   R\u00e9sultat global total Pourc<span class=\"_ _1\"></span>entagede laparticipation STEELMET S.A. <span class=\"_ _18a\"> </span>Gr\u00e8ce <span class=\"_ _184\"> </span>39.4<span class=\"_ _1\"></span>78 <span class=\"_ _e6\"> </span>825 <span class=\"_ _11b\"> </span>713 <span class=\"_ _34\"> </span>29,56 % DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>Gr\u00e8c<span class=\"_ _1\"></span>e <span class=\"_ _c3\"> </span>2.44<span class=\"_ _1\"></span>7 <span class=\"_ _be\"> </span>127 <span class=\"_ _184\"> </span>131 <span class=\"_ _7f\"> </span>26,19 % A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>Russie <span class=\"_ _213\"> </span>70<span class=\"_ _1\"></span>.009 <span class=\"_ _d0\"> </span>1.910 <span class=\"_ _14c\"> </span>1.910 <span class=\"_ _ab\"> </span>49,<span class=\"_ _1\"></span>00 % INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Belgique <span class=\"_ _27\"> </span>1.438.330 <span class=\"_ _214\"> </span>5.816 <span class=\"_ _188\"> </span>5.516 <span class=\"_ _a4\"> </span>20,50 % BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>\u00c9tats-Unis <span class=\"_ _f7\"> </span>20<span class=\"_ _1\"></span>.238 <span class=\"_ _1dd\"> </span>(2.837) <span class=\"_ _f7\"> </span>(2.837) <span class=\"_ _3e\"> </span>19,40 % Soci\u00e9t\u00e9 <span class=\"_ _122\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _9f\"> </span> Segment Actifs courants A<span class=\"_ _1\"></span>ctifs non cour<span class=\"_ _1\"></span>ants Passifs courants Passifsnon cour<span class=\"_ _1\"></span>ants STEELMET S.A. <span class=\"_ _18a\"> </span>Autres activit\u00e9s <span class=\"_ _a4\"> </span>7<span class=\"_ _1\"></span>.847 <span class=\"_ _184\"> </span>3.561 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>.9<span class=\"_ _1\"></span>37 <span class=\"_ _1cc\"> </span>1.710 DIA.<span class=\"_ _1\"></span>VIPE.<span class=\"_ _0\"></span>TVIH. S.A. <span class=\"_ _1d2\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _1e\"> </span>1.968 <span class=\"_ _ca\"> </span>12.0<span class=\"_ _1\"></span>70 <span class=\"_ _147\"> </span>193 <span class=\"_ _5d\"> </span>8.<span class=\"_ _1\"></span>191 A<span class=\"_ _1\"></span>O TMK-CPW <span class=\"_ _141\"> </span>T<span class=\"_ _0\"></span>ubes d\u2019acier <span class=\"_ _10e\"> </span>64.836 <span class=\"_ _ed\"> </span>5.004 <span class=\"_ _5b\"> </span>46.926 <span class=\"_ _1f5\"> </span>23 INTERNA<span class=\"_ _1\"></span>TIONAL TRADE S.A. <span class=\"_ _85\"> </span>Autres activit\u00e9s <span class=\"_ _55\"> </span>187<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>131 <span class=\"_ _1ac\"> </span>7<span class=\"_ _1\"></span>.681 <span class=\"_ _1d\"> </span>145.803 <span class=\"_ _3f\"> </span>6.461 BELL<span class=\"_ _0\"></span>VILLE TUBE COMP<span class=\"_ _1\"></span>ANY <span class=\"_ _7e\"> </span>T<span class=\"_ _1\"></span>ubes d\u2019acier <span class=\"_ _f7\"> </span>422 <span class=\"_ _213\"> </span>13.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>44 <span class=\"_ _1f5\"> </span>3.988 <span class=\"_ _89\"> </span>3.418Le tableau suiv<span class=\"_ _1\"></span>ant analyse la participation dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et d'autres entr<span class=\"_ _1\"></span>eprises associ\u00e9es importantes :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 1 janvier (100 %) <span class=\"_ _215\"> </span>22.891 <span class=\"_ _13d\"> </span>20.336 R\u00e9sultat global total de A<span class=\"_ _1\"></span>O-CPW (100 %) <span class=\"_ _19d\"> </span>7<span class=\"_ _0\"></span>.287 <span class=\"_ _11c\"> </span>1.910 Ecarts de change (100 %) <span class=\"_ _169\"> </span>2.399 <span class=\"_ _180\"> </span>1.49<span class=\"_ _1\"></span>3 Dividendes (100 %) <span class=\"_ _216\"> </span>-  <span class=\"_ _101\"> </span>(849) <span class=\"ff18\">Actif net d'A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (100 %) <span class=\"_ _217\"> </span>32.577 <span class=\"_ _db\"> </span>22.891</span> V<span class=\"_ _1\"></span>aleur comptable des int\u00e9r\u00eats dans A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW le 31 d\u00e9cembre (49 %) <span class=\"_ _18a\"> </span>11.216 <span class=\"_ _145\"> </span>11.216 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Int<span class=\"_ _1\"></span>ernational T<span class=\"_ _1\"></span>rade S.A. <span class=\"_ _218\"> </span>22.726 <span class=\"_ _141\"> </span>21.<span class=\"_ _1\"></span>481 V<span class=\"_ _1\"></span>aleur comptable de la participation dans Bellville T<span class=\"_ _0\"></span>ube Company <span class=\"_ _219\"> </span>-  <span class=\"_ _17a\"> </span>1.732 V<span class=\"_ _1\"></span>aleur comptable de la participation dans d'autr<span class=\"_ _1\"></span>es entreprises associ\u00e9es  individuellement immat\u00e9rielles <span class=\"_ _21a\"> </span>2.270 <span class=\"_ _141\"> </span>2.002 T<span class=\"_ _0\"></span>otal <span class=\"_ _e4\"> </span>40<span class=\"_ _1\"></span>.959 <span class=\"_ _db\"> </span>36.431Comme A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW est bas\u00e9e en Russie, il e<span class=\"_ _1\"></span>xiste des r<span class=\"_ _1\"></span>estrictions quant \u00e0 la capacit\u00e9 de l'entreprise associ\u00e9e \u00e0 transf\u00e9r<span class=\"_ _1\"></span>er des fonds \u00e0 la Soci\u00e9t\u00e9 et \u00e0 ses filiales sous forme de dividendes en esp\u00e8c<span class=\"_ _1\"></span>es, en raison des contr<span class=\"_ _1\"></span>e-sanctions impos\u00e9es par la F\u00e9d\u00e9ration de Rus<span class=\"_ _1\"></span>sie.<span class=\"_ _8\"></span> La l\u00e9gislation russe mise en place depuis mai 20<span class=\"_ _1\"></span>22 limite les paiements de montants sup\u00e9rieurs \u00e0 envir<span class=\"_ _1\"></span>on 150<span class=\"_ _8\"></span> milliers d\u2019<span class=\"_ _1\"></span>euros aux r\u00e9sidents de l\u2019UE en r\u00e9ponse aux sanctions impos\u00e9es contr<span class=\"_ _1\"></span>e la Russie. Bien que ces r<span class=\"_ _1\"></span>estrictions soient d\u00e9clar\u00e9es tempor<span class=\"_ _1\"></span>aires, pour \u00e9viter t<span class=\"_ _1\"></span>oute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu potentielle, Humbel Lt<span class=\"_ _1\"></span>d (propri\u00e9taire de 4<span class=\"_ _1\"></span>9 % des<span class=\"_ _8\"></span> actions de l\u2019<span class=\"_ _0\"></span>AO TMK<span class=\"_ _1\"></span>-CPW) a demand\u00e9 \u00e0 A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW de r<span class=\"_ _1\"></span>eporter le paiement de tout dividende li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercic<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> 2021 jusqu\u2019\u00e0 nouv<span class=\"_ _1\"></span>el ordr<span class=\"_ _1\"></span>e. Par cons\u00e9quent, en 2022, il n\u2019y a pas eu de tr<span class=\"_ _1\"></span>ansactions entre A<span class=\"_ _1\"></span>O TMK<span class=\"_ _1\"></span>-CPW et le Groupe. Il n'exis<span class=\"_ _1\"></span>te aucune autre r<span class=\"_ _1\"></span>estriction \u00e0 la capacit\u00e9 des entreprises as<span class=\"_ _1\"></span>soci\u00e9es \u00e0 transf\u00e9rer des f<span class=\"_ _1\"></span>onds \u00e0 la Soci\u00e9t\u00e9 ou \u00e0 ses<span class=\"_ _8\"></span> filiales sous la forme de dividendes en esp\u00e8ces, ou \u00e0 r<span class=\"_ _1\"></span>embourser des pr\u00eats ou des av<span class=\"_ _1\"></span>ances consentis par la Soci\u00e9t\u00e9. Il n\u2019<span class=\"_ _1\"></span>exist<span class=\"_ _1\"></span>e aucune quote-part non comptabilis\u00e9e des pertes d\u2019une entr<span class=\"_ _1\"></span>eprise associ\u00e9e, tant pour la p\u00e9riode sous re<span class=\"_ _1\"></span>vue que pour les p\u00e9riodes cumul\u00e9es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-248-5": {
   "value": "22. Autr<span class=\"_ _1\"></span>es inv<span class=\"_ _1\"></span>estissements  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _21b\"> </span>5.812 <span class=\"_ _c6\"> </span>5.657 Acquisitions <span class=\"_ _1b9\"> </span>- <span class=\"_ _c8\"> </span>- V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Cessions <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812Les autr<span class=\"_ _1\"></span>es placements sont des titres de participation \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat<span class=\"_ _8\"></span> global et concernent des actions non c<span class=\"_ _1\"></span>ot\u00e9es (instruments de capitaux propr<span class=\"_ _1\"></span>es) d'entit\u00e9s gr<span class=\"_ _1\"></span>ecques.<span class=\"_ _8\"></span> 23. Instruments d\u00e9riv\u00e9s Le tableau suiv<span class=\"_ _1\"></span>ant pr\u00e9sente la valeur c<span class=\"_ _1\"></span>omptable des instruments d\u00e9riv\u00e9s :<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Instruments d\u00e9riv\u00e9s non d\u00e9sign\u00e9s comme ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Les entr<span class=\"_ _1\"></span>eprises de Cenergy Holdings ont d\u00e9cid\u00e9 au deuxi\u00e8me trimestr<span class=\"_ _1\"></span>e 2022 de commencer \u00e0 utiliser des s<span class=\"_ _1\"></span>waps de taux d'int\u00e9r\u00eat en \u00e9valuant les eff<span class=\"_ _1\"></span>ets possibles d'un resserr<span class=\"_ _1\"></span>ement de la politique mon\u00e9taire dans l'UE et aux \u00c9tats-Unis au cours du pr<span class=\"_ _1\"></span>emier semestre 2022 et en vue de c<span class=\"_ _1\"></span>ompenser l'impact potentiel sur les co\u00fbts financiers d\u00fb \u00e0 l'augmentation des taux d'int\u00e9r\u00eat. Les emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0 taux variable e<span class=\"_ _1\"></span>xposent les soci\u00e9t\u00e9s de Cenergy Holdings \u00e0 un risque de vola<span class=\"_ _1\"></span>tilit\u00e9 des taux (risque de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>). Afin de le couvrir<span class=\"_ _1\"></span>, des s<span class=\"_ _1\"></span>waps de taux d\u2019int\u00e9r\u00eat sont utilis\u00e9s pour transf<span class=\"_ _1\"></span>ormer efficacement le taux d\u2019int\u00e9r\u00eat variable du pr\u00eat en un taux fix<span class=\"_ _1\"></span>e, r\u00e9duisant ainsi ce risque de v<span class=\"_ _1\"></span>olatilit\u00e9. Les contr<span class=\"_ _1\"></span>ats de swap de taux d\u2019int\u00e9r\u00eat impliquent l\u2019\u00e9change<span class=\"_ _1\"></span>, \u00e0 des dates d\u00e9termin\u00e9es, de montants en esp\u00e8ces \u00e9gaux \u00e0 la diff\u00e9renc<span class=\"_ _1\"></span>e entre un taux d\u2019int\u00e9r\u00eat fix<span class=\"_ _1\"></span>e contract\u00e9 calcul\u00e9 sur un principal et un taux v<span class=\"_ _1\"></span>ariable calcul\u00e9 sur le m\u00eame<span class=\"_ _8\"></span> principal. En choisissant soigneusement le taux v<span class=\"_ _1\"></span>ariable et le principal du swap, on tr<span class=\"_ _1\"></span>ansforme en fait un emprunt \u00e0 taux variable en un emprunt \u00e0 taux fix<span class=\"_ _1\"></span>e. Au cours du pr<span class=\"_ _1\"></span>emier semestre 20<span class=\"_ _1\"></span>22, les deux segments ont conclu des accor<span class=\"_ _1\"></span>ds de swap d'une v<span class=\"_ _1\"></span>aleur nominale totale de 80 millions d'eur<span class=\"_ _1\"></span>os afin de compenser les co\u00fbts d'int\u00e9r\u00eat futurs potentiels plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s sur leurs pr\u00eats. T<span class=\"_ _0\"></span>ous ces s<span class=\"_ _1\"></span>waps ont une dur\u00e9e initiale de 7 ans. Ces actions sont conf<span class=\"_ _1\"></span>ormes \u00e0 la politique connex<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings visant \u00e0 s\u2019assur<span class=\"_ _1\"></span>er qu\u2019une partie de leurs emprunts et dettes financi\u00e8res soit \u00e0 taux fix<span class=\"_ _1\"></span>e. La juste v<span class=\"_ _1\"></span>aleur d'un swap de taux d'int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e en actualisant ses flux de tr\u00e9sorerie futurs \u00e0 l'aide de la structur<span class=\"_ _1\"></span>e \u00e0 terme des taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e et du risque de cr\u00e9dit inh\u00e9rent au contr<span class=\"_ _1\"></span>at de swap<span class=\"_ _1\"></span>, le cas \u00e9ch\u00e9ant. Les contrats de s<span class=\"_ _1\"></span>wap de taux d'int\u00e9r\u00eat sont conclus pour des p\u00e9riodes c<span class=\"_ _1\"></span>ompatibles<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec l'exposition des instruments de det<span class=\"_ _1\"></span>te sous-jacents, mais ne sont pas d\u00e9sign\u00e9s comme c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> flux de tr\u00e9sorerie puisque les c<span class=\"_ _1\"></span>onditions de calendrier et de montant impliqu\u00e9es dans les contrats de s<span class=\"_ _1\"></span>wap ne corr<span class=\"_ _1\"></span>espondent pas exact<span class=\"_ _1\"></span>ement \u00e0 celles des instruments de dette sous-jac<span class=\"_ _1\"></span>ents ; de ce fait, une r<span class=\"_ _1\"></span>elation de couv<span class=\"_ _1\"></span>erture telle que d\u00e9crite dans les IFRS n'es<span class=\"_ _1\"></span>t pas \u00e9tablie. Par cons\u00e9quent, l'\u00e9v<span class=\"_ _1\"></span>aluation de ces contr<span class=\"_ _1\"></span>ats de swap de taux d'int\u00e9r\u00eat est incluse dans l'\u00e9tat consolid\u00e9 des r\u00e9sulta<span class=\"_ _1\"></span>ts dans la ligne \u00ab Charges financi\u00e8res \u00bb. Comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tiennent des instruments financiers d\u00e9riv\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sorerie et de la jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les instruments financiers d\u00e9riv\u00e9s pr\u00e9cit\u00e9s c<span class=\"_ _1\"></span>ouvrent des risques d\u00e9coulant de c<span class=\"_ _1\"></span>e qui suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des cours des m\u00e9taux cot\u00e9 au LME. \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des taux de change.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance et la valeur nominale des ins<span class=\"_ _1\"></span>truments d\u00e9riv\u00e9s d\u00e9tenus par les soci\u00e9t\u00e9s de Cenergy Holdings corr<span class=\"_ _1\"></span>espondent, en principe, \u00e0 l\u2019\u00e9ch\u00e9ance et \u00e0 la v<span class=\"_ _1\"></span>aleur nominale des actifs et des passifs sous-jacents (les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts). Les instruments d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus par les soci\u00e9t\u00e9s de Cenergy Holdings conc<span class=\"_ _1\"></span>ernent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque li\u00e9 \u00e0 la v<span class=\"_ _1\"></span>ariation des cours des m\u00e9taux cot\u00e9s au LME (London Metal Ex<span class=\"_ _1\"></span>change) et utilis\u00e9s comme mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es par les soci\u00e9t\u00e9s de Cenergy Holdings dans le segment C\u00e2bles (principalement le cuivre et l\u2019<span class=\"_ _1\"></span>aluminium). Ces op\u00e9rations de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e sont r\u00e9pertori\u00e9es comme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats de change \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque d\u00e9coulant des fluctuations des taux de change du dollar am\u00e9ricain et de la livre s<span class=\"_ _1\"></span>terling (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les de<span class=\"_ _1\"></span>vises auxquelles les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings sont principalement expos\u00e9es<span class=\"_ _1\"></span>). Ces contr<span class=\"_ _1\"></span>ats sont r\u00e9pertori\u00e9s comme des instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur ou des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, selon l\u2019\u00e9l\u00e9ment sous-jacent. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les cr\u00e9ances clients et fournis<span class=\"_ _1\"></span>seurs libell\u00e9s en devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es, les contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sont r\u00e9pertori\u00e9s comme des ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les v<span class=\"_ _1\"></span>entes pr\u00e9vues de biens ou l\u2019achat de mat\u00e9riaux, les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme sont r\u00e9pertori\u00e9s c<span class=\"_ _1\"></span>omme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont c<span class=\"_ _1\"></span>omptabilis\u00e9s lorsque les soci\u00e9t\u00e9s de Cenergy Holdings concluent la tr<span class=\"_ _1\"></span>ansaction destin\u00e9e \u00e0 couvrir la jus<span class=\"_ _1\"></span>te valeur des cr\u00e9anc<span class=\"_ _1\"></span>es, dettes ou engagements (c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur), ou des transactions haut<span class=\"_ _1\"></span>ement probables (<span class=\"_ _1\"></span>couvertur<span class=\"_ _1\"></span>e des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es des flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La part effectiv<span class=\"_ _1\"></span>e des variations de la just<span class=\"_ _1\"></span>e valeur des instruments d\u00e9riv\u00e9s r\u00e9pert<span class=\"_ _1\"></span>ori\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie est comptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global, au poste \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture \u00bb. Le gain ou la pert<span class=\"_ _1\"></span>e de la part non effective es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat. Les montants comptabilis\u00e9s au pos<span class=\"_ _1\"></span>te \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s au compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 des p\u00e9riodes pendant lesquelles l\u2019\u00e9v\u00e9nement couv<span class=\"_ _1\"></span>ert se produit, c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire \u00e0 la dat<span class=\"_ _1\"></span>e de r\u00e9alisation de la transaction pr\u00e9vue qui constitue l\u2019<span class=\"_ _1\"></span>objet de la couv<span class=\"_ _1\"></span>erture ou quand l\u2019\u00e9l\u00e9ment c<span class=\"_ _1\"></span>ouvert affect<span class=\"_ _1\"></span>e le r\u00e9sultat (par ex<span class=\"_ _1\"></span>emple, dans le cas d\u2019une vent<span class=\"_ _1\"></span>e \u00e0 terme d\u2019aluminium, la r\u00e9serv<span class=\"_ _1\"></span>e est comptabilis\u00e9e au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 apr\u00e8s le r\u00e8glement en esp\u00e8ces net du contr<span class=\"_ _1\"></span>at \u00e0 terme et \u00e0 la dat<span class=\"_ _1\"></span>e de la vente de l\u2019<span class=\"_ _1\"></span>aluminium).<span class=\"_ _8\"></span> Lorsqu\u2019un \u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert est v<span class=\"_ _1\"></span>endu ou lorsque la quote-part de couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8r<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture<span class=\"_ _1\"></span>, la comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture est int<span class=\"_ _1\"></span>errompue anticipativ<span class=\"_ _1\"></span>ement, les montants imput\u00e9s<span class=\"_ _8\"></span> \u00e0 la \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont conserv\u00e9s en sous forme de r\u00e9serv<span class=\"_ _1\"></span>e et sont reclass\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 lorsque l\u2019<span class=\"_ _1\"></span>actif couvert impact<span class=\"_ _1\"></span>e le r\u00e9sultat. En cas de couvertur<span class=\"_ _1\"></span>e d'une transaction futur<span class=\"_ _1\"></span>e pr\u00e9vue qui ne<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s en r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> La variation de la jus<span class=\"_ _1\"></span>te valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les capitaux propres au titr<span class=\"_ _1\"></span>e de la couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 sera tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9e dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2023 et dans la partie \u00e0 long terme au cours de l'e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercice 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la dat<span class=\"_ _1\"></span>e d'\u00e9ch\u00e9ance des instruments d\u00e9riv\u00e9s utilis\u00e9s, lorsque les \u00e9v\u00e9nements couv<span class=\"_ _1\"></span>erts se produir<span class=\"_ _1\"></span>ont (les transactions pr\u00e9vues auront lieu ou les \u00e9l\u00e9ments c<span class=\"_ _1\"></span>ouverts aur<span class=\"_ _1\"></span>ont<span class=\"_ _8\"></span> une incidence sur le r\u00e9sultat. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 de la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au commencement (de mani\u00e8r<span class=\"_ _1\"></span>e prospectiv<span class=\"_ _1\"></span>e) en c<span class=\"_ _1\"></span>omparant les termes critiques de l\u2019ins<span class=\"_ _1\"></span>trument de couvertur<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ec les termes critiques<span class=\"_ _8\"></span> de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert et, par la suite, lors de chaque dat<span class=\"_ _1\"></span>e de reporting (de mani\u00e8r<span class=\"_ _1\"></span>e r\u00e9trospectiv<span class=\"_ _1\"></span>e), en appliquant, d\u2019une mani\u00e8re cumul\u00e9e<span class=\"_ _1\"></span>, la m\u00e9thode de la compensation en dollar<span class=\"_ _1\"></span>. Les r\u00e9sultats des activit\u00e9s de couv<span class=\"_ _1\"></span>erture des soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings figurant dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont pr\u00e9sent\u00e9s pour les contr<span class=\"_ _1\"></span>ats \u00e0 terme de m\u00e9tal et les contr<span class=\"_ _1\"></span>ats de change dans \u00ab Chiffre d\u2019<span class=\"_ _1\"></span>affaires \u00bb et \u00ab Co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb.<span class=\"_ _8\"></span> Les montants comptabilis\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont les suivants : <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats \u00e0 terme <span class=\"_ _223\"> </span>1.934 <span class=\"_ _bb\"> </span>(14.<span class=\"_ _1\"></span>166) Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme <span class=\"_ _13a\"> </span>7<span class=\"_ _0\"></span>.579 <span class=\"_ _180\"> </span>(189) T<span class=\"_ _0\"></span>otal <span class=\"_ _224\"> </span>12.881 <span class=\"_ _d0\"> </span>(14.355)L'\u00e9valuation des c<span class=\"_ _1\"></span>ontrats futurs utilis\u00e9s pour la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie et comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global (r\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e) au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 ser<span class=\"_ _1\"></span>a comptabilis\u00e9e en b\u00e9n\u00e9fices ou en pertes au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice financier suivant, alors que l'\u00e9v<span class=\"_ _1\"></span>aluation des contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sera comptabilis\u00e9e dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats en 2023 et 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la date d'\u00e9ch\u00e9anc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> instruments d\u00e9riv\u00e9s utilis\u00e9s. A. Classifications comptables et jus<span class=\"_ _1\"></span>tes valeurs Le tableau suiv<span class=\"_ _1\"></span>ant reprend les v<span class=\"_ _1\"></span>aleurs comptables des \u00e9l\u00e9ments d\u2019actifs et de pas<span class=\"_ _1\"></span>sifs financiers, ainsi que leur juste valeur<span class=\"_ _0\"></span>, y compris leur niveau dans la hi\u00e9r<span class=\"_ _1\"></span>archie de la just<span class=\"_ _1\"></span>e valeur<span class=\"_ _1\"></span>. 31/12/2022 <span class=\"_ _246\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _119\"> </span>6.308 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _46\"> </span>6.308 <span class=\"_ _1d\"> </span><span class=\"ff18\">6.308</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _189\"> </span>16.6<span class=\"_ _1\"></span>12 <span class=\"_ _64\"> </span>463 <span class=\"_ _1b5\"> </span>16.149 <span class=\"_ _fa\"> </span>-  <span class=\"_ _1b3\"> </span><span class=\"ff18\">16.612</span>  <span class=\"_ _1e3\"> </span>22.920 <span class=\"_ _64\"> </span>463 <span class=\"_ _1cd\"> </span>16.149 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _46\"> </span>22.920 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _12b\"> </span>(10.<span class=\"_ _1\"></span>790) <span class=\"_ _93\"> </span>(956) <span class=\"_ _ab\"> </span>(9.833) <span class=\"_ _fe\"> </span>-  <span class=\"_ _ab\"> </span><span class=\"ff18\">(10.790)</span>  <span class=\"_ _95\"> </span>12.130 <span class=\"_ _41\"> </span>(493) <span class=\"_ _1ad\"> </span>6.315 <span class=\"_ _5e\"> </span>6.308 <span class=\"_ _3f\"> </span>12.<span class=\"_ _1\"></span>13031/12/2021 <span class=\"_ _247\"> </span> <span class=\"_ _af\"> </span>   Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _27\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _108\"> </span>Niveau 1 <span class=\"_ _f4\"> </span>Niveau 2 <span class=\"_ _1b0\"> </span>Niveau 3 <span class=\"_ _f7\"> </span>T<span class=\"_ _0\"></span>otal Inv<span class=\"_ _1\"></span>estissements en capitaux propr<span class=\"_ _1\"></span>es  \u00e0 la juste v<span class=\"_ _1\"></span>aleur par le biais des autres  \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _1c8\"> </span>5.812 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1dd\"> </span>- <span class=\"_ _1e\"> </span>5.812 <span class=\"_ _65\"> </span><span class=\"ff18\">5.812</span> Actifs financiers d\u00e9riv\u00e9s <span class=\"_ _203\"> </span>1.480 <span class=\"_ _188\"> </span>- <span class=\"_ _1a8\"> </span>536 <span class=\"_ _10d\"> </span>944 <span class=\"_ _1a8\"> </span><span class=\"ff18\">1.480</span>  <span class=\"_ _1c9\"> </span>7<span class=\"_ _1\"></span>.293 <span class=\"_ _1d2\"> </span>- <span class=\"_ _1d\"> </span>536 <span class=\"_ _1ad\"> </span>6.756 <span class=\"_ _5d\"> </span>7<span class=\"_ _1\"></span>.293 Passifs financiers d\u00e9riv\u00e9s <span class=\"_ _1c8\"> </span>(2.596) <span class=\"_ _33\"> </span>(1.199) <span class=\"_ _113\"> </span>(1.397) <span class=\"_ _fe\"> </span>- <span class=\"_ _1a5\"> </span><span class=\"ff18\">(2.596)</span>  <span class=\"_ _248\"> </span>4.697 <span class=\"_ _3e\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1ad\"> </span>(861) <span class=\"_ _1ad\"> </span>6.7<span class=\"_ _1\"></span>56 <span class=\"_ _1d\"> </span>4.697Les diff\u00e9r<span class=\"_ _1\"></span>ents niveaux sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 1 : Prix cot\u00e9s (non ajust\u00e9s<span class=\"_ _1\"></span>) sur un march\u00e9 actif<span class=\"_ _1\"></span>, pour des actifs et des passifs identiques ; \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 2 : Donn\u00e9es direct<span class=\"_ _1\"></span>ement ou indirectement observ<span class=\"_ _1\"></span>ables ;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Niv<span class=\"_ _1\"></span>eau 3 : Donn\u00e9es non observables c<span class=\"_ _1\"></span>oncernant l'actif ou le passif<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs et passifs financiers suivants, mesur\u00e9s \u00e0 leur c<span class=\"_ _1\"></span>o\u00fbt amorti, est une appro<span class=\"_ _1\"></span>ximation de leur valeur c<span class=\"_ _1\"></span>omptable :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs ; \u2022 <span class=\"_ _20\"> </span>T<span class=\"_ _0\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sorerie ; \u2022 <span class=\"_ _20\"> </span>Det<span class=\"_ _1\"></span>tes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs ; \u2022 <span class=\"_ _20\"> </span>Emprunts et det<span class=\"_ _1\"></span>tes financi\u00e8res. De mani\u00e8re plus pr\u00e9cise<span class=\"_ _1\"></span>, la valeur comptable des emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res est consid\u00e9r\u00e9e c<span class=\"_ _1\"></span>omme une<span class=\"_ _8\"></span> appro<span class=\"_ _1\"></span>ximation valable de leur jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>, \u00e9tant donn\u00e9 que :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>9<span class=\"_ _1\"></span>3,8 % des emprunts et dettes financi\u00e8res c<span class=\"_ _1\"></span>onsolid\u00e9s sont assortis d\u2019un taux variable qui est une tr\u00e8s bonne appro<span class=\"_ _1\"></span>ximation des taux cour<span class=\"_ _1\"></span>ants du march\u00e9 ; \u2022 <span class=\"_ _20\"> </span>En c<span class=\"_ _1\"></span>e qui concerne les instruments \u00e0 taux fix<span class=\"_ _1\"></span>e (36,8 millions d'euros au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022), le crit\u00e8r<span class=\"_ _1\"></span>e de la<span class=\"_ _8\"></span> juste v<span class=\"_ _1\"></span>aleur fond\u00e9 sur les taux actuels du march\u00e9 indique que leur jus<span class=\"_ _1\"></span>te valeur a \u00e9t\u00e9 d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e \u00e0 38,2 millions<span class=\"_ _8\"></span> d'euros. Le tableau suiv<span class=\"_ _1\"></span>ant montre le rappr<span class=\"_ _1\"></span>ochement entre les soldes d'ouv<span class=\"_ _1\"></span>erture et de cl\u00f4tur<span class=\"_ _1\"></span>e des actifs financiers de<span class=\"_ _8\"></span> niveau 3, qui sont clas<span class=\"_ _1\"></span>s\u00e9s comme inv<span class=\"_ _1\"></span>estissements en capitaux pr<span class=\"_ _1\"></span>opres :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _1ee\"> </span>5.812 <span class=\"_ _145\"> </span>5.657 V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812B. Mesure de la just<span class=\"_ _1\"></span>e valeur (a) T<span class=\"_ _0\"></span>echniques d'\u00e9valuation e<span class=\"_ _1\"></span>t donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui sont n\u00e9goci\u00e9s sur les march\u00e9s actifs (mar<span class=\"_ _1\"></span>ch\u00e9s boursiers) (par e<span class=\"_ _1\"></span>xemple, les instruments d\u00e9riv\u00e9s tels que les c<span class=\"_ _1\"></span>ontrats \u00e0 terme<span class=\"_ _1\"></span>, les actions, les obligations, les fonds communs de placement) est \u00e9tablie en fonction des prix publi\u00e9s (<span class=\"_ _1\"></span>donn\u00e9es d\u2019<span class=\"_ _1\"></span>entr\u00e9e de niveau 1) qui sont v<span class=\"_ _1\"></span>alides \u00e0 la date de cl\u00f4ture<span class=\"_ _1\"></span>. La juste valeur des actifs financiers es<span class=\"_ _1\"></span>t d\u00e9termin\u00e9e par leur cours v<span class=\"_ _1\"></span>endeur tandis que la juste valeur des pas<span class=\"_ _1\"></span>sifs financiers est<span class=\"_ _8\"></span> d\u00e9termin\u00e9e par leur cours achet<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>. La juste v<span class=\"_ _1\"></span>aleur des actifs financiers qui ne sont pas n\u00e9goci\u00e9s sur des march\u00e9s actifs est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e au moy<span class=\"_ _1\"></span>en de<span class=\"_ _8\"></span> techniques et de normes d'\u00e9v<span class=\"_ _1\"></span>aluation fond\u00e9es sur les donn\u00e9es du march\u00e9 \u00e0 la dat<span class=\"_ _1\"></span>e de cl\u00f4ture. La juste v<span class=\"_ _1\"></span>aleur des passifs financiers, aux fins d'\u00eatre c<span class=\"_ _1\"></span>omptabilis\u00e9es dans les \u00e9tats financiers, est estim\u00e9e en fonction de la valeur actuelle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs d\u00e9coulant de contr<span class=\"_ _1\"></span>ats sp\u00e9cifiques, en utilisant le taux d'int\u00e9r\u00eat actuel disponible pour Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s pour des instruments de cr\u00e9dit financier similaires. Les donn\u00e9es qui ne r<span class=\"_ _1\"></span>espectent pas les crit\u00e8res r<span class=\"_ _1\"></span>espectifs et qui ne peuvent pas \u00eatr<span class=\"_ _1\"></span>e class\u00e9es au niveau 1, mais qui sont observables, dir<span class=\"_ _1\"></span>ectement ou indir<span class=\"_ _1\"></span>ectement, rel\u00e8v<span class=\"_ _1\"></span>ent du niveau 2. Les ins<span class=\"_ _1\"></span>truments financiers d\u00e9riv\u00e9s n\u00e9goci\u00e9s<span class=\"_ _8\"></span> de gr\u00e9 \u00e0 gr\u00e9 \u00e9valu\u00e9s sur la base de c<span class=\"_ _1\"></span>ours obtenus de courtiers r<span class=\"_ _1\"></span>el\u00e8vent de ce m\u00eame niv<span class=\"_ _1\"></span>eau. Les actifs financiers, tels que les actions non c<span class=\"_ _1\"></span>ot\u00e9es ou les r\u00e9gimes d'options qui ne sont pas n\u00e9goci\u00e9s sur un<span class=\"_ _8\"></span> march\u00e9 actif dont la mesur<span class=\"_ _1\"></span>e est fond\u00e9e soit sur les pr\u00e9visions des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings pour la rentabilit\u00e9 future de l'\u00e9mett<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>, soit sur une autre m\u00e9thode lar<span class=\"_ _1\"></span>gement acceptable<span class=\"_ _1\"></span>, sont class\u00e9s au niveau 3. Le tableau ci-dessous montr<span class=\"_ _1\"></span>e les techniques d\u2019\u00e9valua<span class=\"_ _1\"></span>tion employ\u00e9es pour l\u2019\u00e9valua<span class=\"_ _1\"></span>tion de la juste valeur<span class=\"_ _0\"></span>, ainsi que<span class=\"_ _8\"></span> les donn\u00e9es non observables significativ<span class=\"_ _1\"></span>es utilis\u00e9es :  <span class=\"_ _1c6\"> </span> <span class=\"_ _9e\"> </span> T<span class=\"_ _1\"></span>ype <span class=\"_ _214\"> </span>T<span class=\"_ _0\"></span>echnique d'\u00e9valuation <span class=\"_ _1cf\"> </span>Donn\u00e9es non  observables significativ<span class=\"_ _1\"></span>es Interrela<span class=\"_ _1\"></span>tion entre les donn\u00e9esnon observables cl\u00e9s etl'\u00e9valuation de la just<span class=\"_ _1\"></span>e valeur Contra<span class=\"_ _1\"></span>ts de  <span class=\"_ _71\"> </span> change \u00e0  <span class=\"_ _1a8\"> </span> terme  <span class=\"_ _fa\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>T<span class=\"_ _0\"></span>echnique de comparaison du  <span class=\"ff17\">march\u00e9 : </span>Les justes valeurs sont  bas\u00e9es sur les cours obtenus aupr\u00e8s des courtiers. Des contrats similaires sont n\u00e9goci\u00e9s sur des march\u00e9s actifs et les cotations refl\u00e8tent les tr<span class=\"_ _1\"></span>ansactions d'instruments financiers similairesC<span class=\"_ _1\"></span>otations de courtier <span class=\"_ _5d\"> </span>Pas applicable Contra<span class=\"_ _1\"></span>ts de   <span class=\"_ _113\"> </span> swap de taux  <span class=\"_ _112\"> </span> d'int\u00e9r\u00eat <span class=\"_ _63\"> </span> <span class=\"_ _117\"> </span>Actualisation des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie futurs \u00e0 l'aide des courbes de taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e  et du risque de cr\u00e9dit inh\u00e9rent au contrat Donn\u00e9es de risque de cr\u00e9dit Pas applicable Contra<span class=\"_ _1\"></span>ts \u00e0 terme  <span class=\"_ _a6\"> </span> - future <span class=\"_ _a1\"> </span>V<span class=\"_ _1\"></span>aleur du march\u00e9 <span class=\"ff19\">: Cours tel qu'il </span> est n\u00e9goci\u00e9 sur un march\u00e9 actif  Non applicable Non applicable T<span class=\"_ _1\"></span>itres de  <span class=\"_ _f7\"> </span> participations  <span class=\"_ _21\"> </span> non n\u00e9goci\u00e9s  <span class=\"_ _112\"> </span> sur des march\u00e9s  <span class=\"_ _f6\"> </span> actifs <span class=\"_ _147\"> </span> <span class=\"_ _117\"> </span> <span class=\"_ _117\"> </span>M\u00e9thode de l\u2019actif ne<span class=\"_ _1\"></span>t ajust\u00e9 : Selon cett<span class=\"_ _1\"></span>e m\u00e9thode, le Groupe  ajuste la valeur c<span class=\"_ _1\"></span>omptable des  actifs et passifs d\u2019un placement,  si et quand c\u2019<span class=\"_ _1\"></span>est n\u00e9cessaire<span class=\"_ _1\"></span>, pour  arriver \u00e0 leur juste v<span class=\"_ _1\"></span>aleur de  march\u00e9 au moment de l\u2019\u00e9valuation Inv<span class=\"_ _1\"></span>estissement dans No<span class=\"_ _1\"></span>val  <span class=\"ff17\">Property : </span>Nov<span class=\"_ _1\"></span>al Property est   une soci\u00e9t\u00e9 immobili\u00e8re qui  suit un mod\u00e8le de juste valeur  pour \u00e9valuer ses actifs. P<span class=\"_ _1\"></span>ar  cons\u00e9quent, l'actif net est consid\u00e9r\u00e9 c<span class=\"_ _1\"></span>omme une mesure fiable pour l'estimation de la juste valeur de l'inv<span class=\"_ _1\"></span>estissement La juste valeur estim\u00e9e augmenter<span class=\"_ _1\"></span>ait (diminuerait) en fonction de la jus<span class=\"_ _1\"></span>te valeur des biens immobiliers sous- jacents d\u00e9tenus(b) T<span class=\"_ _0\"></span>ransf<span class=\"_ _1\"></span>erts entre les niveaux 1 et 2 Il n\u2019y a pas eu de transf<span class=\"_ _1\"></span>erts du niveau 2 v<span class=\"_ _1\"></span>ers le niveau 1 ou du niv<span class=\"_ _1\"></span>eau 1 vers le niv<span class=\"_ _1\"></span>eau 2 en 2022 ni en 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-248-6": {
   "value": "22. Autr<span class=\"_ _1\"></span>es inv<span class=\"_ _1\"></span>estissements  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Solde au 1 janvier <span class=\"_ _21b\"> </span>5.812 <span class=\"_ _c6\"> </span>5.657 Acquisitions <span class=\"_ _1b9\"> </span>- <span class=\"_ _c8\"> </span>- V<span class=\"_ _1\"></span>ariation de la juste v<span class=\"_ _1\"></span>aleur <span class=\"_ _21c\"> </span>496 <span class=\"_ _121\"> </span>156 Cessions <span class=\"_ _73\"> </span>- <span class=\"_ _c8\"> </span>- Solde au 31 d\u00e9cembre <span class=\"_ _21d\"> </span>6.308 <span class=\"_ _128\"> </span>5.812Les autr<span class=\"_ _1\"></span>es placements sont des titres de participation \u00e0 la jus<span class=\"_ _1\"></span>te valeur par le biais des autr<span class=\"_ _1\"></span>es \u00e9l\u00e9ments du r\u00e9sultat<span class=\"_ _8\"></span> global et concernent des actions non c<span class=\"_ _1\"></span>ot\u00e9es (instruments de capitaux propr<span class=\"_ _1\"></span>es) d'entit\u00e9s gr<span class=\"_ _1\"></span>ecques.<span class=\"_ _8\"></span> 32. Entreprises c<span class=\"_ _1\"></span>ommunes<span class=\"_ _8\"></span> Hellenic Cables d\u00e9tient une participation de 62,48 % dans une entr<span class=\"_ _1\"></span>eprise commune nomm\u00e9e V<span class=\"_ _1\"></span>O Cablel V<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>.F<span class=\"_ _1\"></span>., \u00e9tablie en tant que soci\u00e9t\u00e9 de personnes av<span class=\"_ _1\"></span>ec V<span class=\"_ _1\"></span>an Ord. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>objet de cett<span class=\"_ _1\"></span>e entreprise commune est de f<span class=\"_ _1\"></span>ournir et<span class=\"_ _8\"></span> d'installer des c\u00e2bles sous-marins et terr<span class=\"_ _1\"></span>estres pour le pr<span class=\"_ _1\"></span>ojet Hollandse Kust (South) Alpha et le pr<span class=\"_ _1\"></span>ojet Hollandse<span class=\"_ _8\"></span> Kust (South) Beta. L<span class=\"_ _1\"></span>e principal lieu d\u2019op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019<span class=\"_ _1\"></span>entreprise commune es<span class=\"_ _1\"></span>t aux Pays-Bas. Hellenic Cables d\u00e9tient une participation de 50,<span class=\"_ _1\"></span>77 % dans un partenariat appel\u00e9 DEME Offshor<span class=\"_ _1\"></span>e NL - Hellenic Cables<span class=\"_ _8\"></span> V<span class=\"_ _0\"></span>.O<span class=\"_ _1\"></span>.F<span class=\"_ _0\"></span>., qui a \u00e9t\u00e9 \u00e9tabli en partenariat av<span class=\"_ _1\"></span>ec Tide<span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Elle a pour objet la mise en \u0153uvre d\u2019un c<span class=\"_ _1\"></span>ontrat cl\u00e9s en main portant sur la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de c\u00e2bles sous-marins permettant le rac<span class=\"_ _1\"></span>cordement du par<span class=\"_ _1\"></span>c \u00e9olien offshore de Seamade au r\u00e9seau belge. Le principal lieu d\u2019<span class=\"_ _1\"></span>op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019activit\u00e9 conjointe es<span class=\"_ _1\"></span>t en Belgique.<span class=\"_ _8\"></span> Fulgor d\u00e9tient une participation de 10,<span class=\"_ _1\"></span>00 % dans un partenariat appel\u00e9 Fulgor \u2013 JDN Consortium, qui a \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Jan De Nul. Le champ d'application de c<span class=\"_ _1\"></span>ette entreprise c<span class=\"_ _1\"></span>ommune est de signer un contr<span class=\"_ _1\"></span>at cl\u00e9 en<span class=\"_ _8\"></span> main pour l'installation de c\u00e2bles sous-marins pour l'inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te-P\u00e9loponn\u00e8se en Gr\u00e8ce. L<span class=\"_ _1\"></span>e principal lieu<span class=\"_ _8\"></span> d'activit\u00e9 de cett<span class=\"_ _1\"></span>e op\u00e9ration commune es<span class=\"_ _1\"></span>t en Gr\u00e8ce. Fulgor d\u00e9tient une participation de 70<span class=\"_ _1\"></span>,27 % dans un partenariat appel\u00e9 F<span class=\"_ _1\"></span>ulgor \u2013 Asso.subsea Lt<span class=\"_ _1\"></span>d Consortium, qui a<span class=\"_ _8\"></span> \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Asso<span class=\"_ _1\"></span>.subsea Ltd. Le champ d\u2019<span class=\"_ _1\"></span>application de cett<span class=\"_ _1\"></span>e entreprise commune est d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cuter un contr<span class=\"_ _1\"></span>at cl\u00e9 en main pour la conception, la f<span class=\"_ _1\"></span>abrication, la fourniture et l\u2019installa<span class=\"_ _1\"></span>tion du r\u00e9seau de c\u00e2bles sous-marins de 150 kV reliant le par<span class=\"_ _1\"></span>c \u00e9olien Kafireas II de 330 MW en c<span class=\"_ _1\"></span>onstruction au r\u00e9seau continental de la Gr\u00e8ce<span class=\"_ _1\"></span>. Le<span class=\"_ _8\"></span> principal lieu d'activit\u00e9 de cett<span class=\"_ _1\"></span>e entreprise commune est en Gr\u00e8c<span class=\"_ _1\"></span>e. Les entr<span class=\"_ _1\"></span>eprises communes susmentionn\u00e9es ont \u00e9t\u00e9 form\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Les acc<span class=\"_ _1\"></span>ords r<span class=\"_ _1\"></span>elatifs au consortium V<span class=\"_ _1\"></span>O Cabdel VOF<span class=\"_ _0\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>O.F<span class=\"_ _0\"></span>., Fulgor \u2013 JDN et Fulgor \u2013 Asso<span class=\"_ _1\"></span>.subsea Ltd e<span class=\"_ _1\"></span>xigent le consentement unanime de tout<span class=\"_ _1\"></span>es les parties pour toutes les activit\u00e9s pertinentes. Les deux part<span class=\"_ _1\"></span>enaires disposent de dr<span class=\"_ _1\"></span>oits directs sur les actifs du partenariat et sont solidair<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> responsables de ses engagements. C<span class=\"_ _1\"></span>es entit\u00e9s sont donc class\u00e9es en tant qu'entreprises communes et le Gr<span class=\"_ _1\"></span>oupe rec<span class=\"_ _1\"></span>onna\u00eet son droit dir<span class=\"_ _1\"></span>ect sur les actifs, passifs, produits et char<span class=\"_ _1\"></span>ges d\u00e9tenus conjointement, t<span class=\"_ _1\"></span>el que d\u00e9crit \u00e0 la note 5.<span class=\"_ _1\"></span>1(g). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-249-5": {
   "value": "23. Instruments d\u00e9riv\u00e9s Le tableau suiv<span class=\"_ _1\"></span>ant pr\u00e9sente la valeur c<span class=\"_ _1\"></span>omptable des instruments d\u00e9riv\u00e9s :<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Instruments d\u00e9riv\u00e9s non d\u00e9sign\u00e9s comme ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Les entr<span class=\"_ _1\"></span>eprises de Cenergy Holdings ont d\u00e9cid\u00e9 au deuxi\u00e8me trimestr<span class=\"_ _1\"></span>e 2022 de commencer \u00e0 utiliser des s<span class=\"_ _1\"></span>waps de taux d'int\u00e9r\u00eat en \u00e9valuant les eff<span class=\"_ _1\"></span>ets possibles d'un resserr<span class=\"_ _1\"></span>ement de la politique mon\u00e9taire dans l'UE et aux \u00c9tats-Unis au cours du pr<span class=\"_ _1\"></span>emier semestre 2022 et en vue de c<span class=\"_ _1\"></span>ompenser l'impact potentiel sur les co\u00fbts financiers d\u00fb \u00e0 l'augmentation des taux d'int\u00e9r\u00eat. Les emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0 taux variable e<span class=\"_ _1\"></span>xposent les soci\u00e9t\u00e9s de Cenergy Holdings \u00e0 un risque de vola<span class=\"_ _1\"></span>tilit\u00e9 des taux (risque de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>). Afin de le couvrir<span class=\"_ _1\"></span>, des s<span class=\"_ _1\"></span>waps de taux d\u2019int\u00e9r\u00eat sont utilis\u00e9s pour transf<span class=\"_ _1\"></span>ormer efficacement le taux d\u2019int\u00e9r\u00eat variable du pr\u00eat en un taux fix<span class=\"_ _1\"></span>e, r\u00e9duisant ainsi ce risque de v<span class=\"_ _1\"></span>olatilit\u00e9. Les contr<span class=\"_ _1\"></span>ats de swap de taux d\u2019int\u00e9r\u00eat impliquent l\u2019\u00e9change<span class=\"_ _1\"></span>, \u00e0 des dates d\u00e9termin\u00e9es, de montants en esp\u00e8ces \u00e9gaux \u00e0 la diff\u00e9renc<span class=\"_ _1\"></span>e entre un taux d\u2019int\u00e9r\u00eat fix<span class=\"_ _1\"></span>e contract\u00e9 calcul\u00e9 sur un principal et un taux v<span class=\"_ _1\"></span>ariable calcul\u00e9 sur le m\u00eame<span class=\"_ _8\"></span> principal. En choisissant soigneusement le taux v<span class=\"_ _1\"></span>ariable et le principal du swap, on tr<span class=\"_ _1\"></span>ansforme en fait un emprunt \u00e0 taux variable en un emprunt \u00e0 taux fix<span class=\"_ _1\"></span>e. Au cours du pr<span class=\"_ _1\"></span>emier semestre 20<span class=\"_ _1\"></span>22, les deux segments ont conclu des accor<span class=\"_ _1\"></span>ds de swap d'une v<span class=\"_ _1\"></span>aleur nominale totale de 80 millions d'eur<span class=\"_ _1\"></span>os afin de compenser les co\u00fbts d'int\u00e9r\u00eat futurs potentiels plus \u00e9le<span class=\"_ _1\"></span>v\u00e9s sur leurs pr\u00eats. T<span class=\"_ _0\"></span>ous ces s<span class=\"_ _1\"></span>waps ont une dur\u00e9e initiale de 7 ans. Ces actions sont conf<span class=\"_ _1\"></span>ormes \u00e0 la politique connex<span class=\"_ _1\"></span>e des soci\u00e9t\u00e9s de<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings visant \u00e0 s\u2019assur<span class=\"_ _1\"></span>er qu\u2019une partie de leurs emprunts et dettes financi\u00e8res soit \u00e0 taux fix<span class=\"_ _1\"></span>e. La juste v<span class=\"_ _1\"></span>aleur d'un swap de taux d'int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture est d\u00e9t<span class=\"_ _1\"></span>ermin\u00e9e en actualisant ses flux de tr\u00e9sorerie futurs \u00e0 l'aide de la structur<span class=\"_ _1\"></span>e \u00e0 terme des taux d'int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e et du risque de cr\u00e9dit inh\u00e9rent au contr<span class=\"_ _1\"></span>at de swap<span class=\"_ _1\"></span>, le cas \u00e9ch\u00e9ant. Les contrats de s<span class=\"_ _1\"></span>wap de taux d'int\u00e9r\u00eat sont conclus pour des p\u00e9riodes c<span class=\"_ _1\"></span>ompatibles<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec l'exposition des instruments de det<span class=\"_ _1\"></span>te sous-jacents, mais ne sont pas d\u00e9sign\u00e9s comme c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> flux de tr\u00e9sorerie puisque les c<span class=\"_ _1\"></span>onditions de calendrier et de montant impliqu\u00e9es dans les contrats de s<span class=\"_ _1\"></span>wap ne corr<span class=\"_ _1\"></span>espondent pas exact<span class=\"_ _1\"></span>ement \u00e0 celles des instruments de dette sous-jac<span class=\"_ _1\"></span>ents ; de ce fait, une r<span class=\"_ _1\"></span>elation de couv<span class=\"_ _1\"></span>erture telle que d\u00e9crite dans les IFRS n'es<span class=\"_ _1\"></span>t pas \u00e9tablie. Par cons\u00e9quent, l'\u00e9v<span class=\"_ _1\"></span>aluation de ces contr<span class=\"_ _1\"></span>ats de swap de taux d'int\u00e9r\u00eat est incluse dans l'\u00e9tat consolid\u00e9 des r\u00e9sulta<span class=\"_ _1\"></span>ts dans la ligne \u00ab Charges financi\u00e8res \u00bb. Comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9tiennent des instruments financiers d\u00e9riv\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sorerie et de la jus<span class=\"_ _1\"></span>te valeur<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> Les instruments financiers d\u00e9riv\u00e9s pr\u00e9cit\u00e9s c<span class=\"_ _1\"></span>ouvrent des risques d\u00e9coulant de c<span class=\"_ _1\"></span>e qui suit :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des cours des m\u00e9taux cot\u00e9 au LME. \u2022 <span class=\"_ _20\"> </span>Fluctua<span class=\"_ _1\"></span>tions des taux de change.<span class=\"_ _8\"></span> L<span class=\"_ _1\"></span>\u2019\u00e9ch\u00e9ance et la valeur nominale des ins<span class=\"_ _1\"></span>truments d\u00e9riv\u00e9s d\u00e9tenus par les soci\u00e9t\u00e9s de Cenergy Holdings corr<span class=\"_ _1\"></span>espondent, en principe, \u00e0 l\u2019\u00e9ch\u00e9ance et \u00e0 la v<span class=\"_ _1\"></span>aleur nominale des actifs et des passifs sous-jacents (les \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts). Les instruments d\u00e9riv\u00e9s d\u00e9t<span class=\"_ _1\"></span>enus par les soci\u00e9t\u00e9s de Cenergy Holdings conc<span class=\"_ _1\"></span>ernent principalement :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque li\u00e9 \u00e0 la v<span class=\"_ _1\"></span>ariation des cours des m\u00e9taux cot\u00e9s au LME (London Metal Ex<span class=\"_ _1\"></span>change) et utilis\u00e9s comme mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8r<span class=\"_ _1\"></span>es par les soci\u00e9t\u00e9s de Cenergy Holdings dans le segment C\u00e2bles (principalement le cuivre et l\u2019<span class=\"_ _1\"></span>aluminium). Ces op\u00e9rations de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e sont r\u00e9pertori\u00e9es comme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>L<span class=\"_ _1\"></span>es contrats de change \u00e0 t<span class=\"_ _1\"></span>erme destin\u00e9s \u00e0 couvrir le risque d\u00e9coulant des fluctuations des taux de change du dollar am\u00e9ricain et de la livre s<span class=\"_ _1\"></span>terling (c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les de<span class=\"_ _1\"></span>vises auxquelles les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings sont principalement expos\u00e9es<span class=\"_ _1\"></span>). Ces contr<span class=\"_ _1\"></span>ats sont r\u00e9pertori\u00e9s comme des instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur ou des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>, selon l\u2019\u00e9l\u00e9ment sous-jacent. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les cr\u00e9ances clients et fournis<span class=\"_ _1\"></span>seurs libell\u00e9s en devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es, les contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sont r\u00e9pertori\u00e9s comme des ins<span class=\"_ _1\"></span>truments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur<span class=\"_ _1\"></span>. Lorsqu\u2019ils sont utilis\u00e9s \u00e0 des fins de couv<span class=\"_ _1\"></span>erture du risque de change sur les v<span class=\"_ _1\"></span>entes pr\u00e9vues de biens ou l\u2019achat de mat\u00e9riaux, les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme sont r\u00e9pertori\u00e9s c<span class=\"_ _1\"></span>omme des couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les instruments d\u00e9riv\u00e9s sont c<span class=\"_ _1\"></span>omptabilis\u00e9s lorsque les soci\u00e9t\u00e9s de Cenergy Holdings concluent la tr<span class=\"_ _1\"></span>ansaction destin\u00e9e \u00e0 couvrir la jus<span class=\"_ _1\"></span>te valeur des cr\u00e9anc<span class=\"_ _1\"></span>es, dettes ou engagements (c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e de la juste valeur), ou des transactions haut<span class=\"_ _1\"></span>ement probables (<span class=\"_ _1\"></span>couvertur<span class=\"_ _1\"></span>e des flux de tr\u00e9sorerie<span class=\"_ _1\"></span>).<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> Couvertur<span class=\"_ _1\"></span>es des flux de tr\u00e9sorerie<span class=\"_ _8\"></span> La part effectiv<span class=\"_ _1\"></span>e des variations de la just<span class=\"_ _1\"></span>e valeur des instruments d\u00e9riv\u00e9s r\u00e9pert<span class=\"_ _1\"></span>ori\u00e9s comme des instruments de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie est comptabilis\u00e9e dans les autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global, au poste \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> couv<span class=\"_ _1\"></span>erture \u00bb. Le gain ou la pert<span class=\"_ _1\"></span>e de la part non effective es<span class=\"_ _1\"></span>t comptabilis\u00e9 au compte de r\u00e9sultat. Les montants comptabilis\u00e9s au pos<span class=\"_ _1\"></span>te \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s au compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 des p\u00e9riodes pendant lesquelles l\u2019\u00e9v\u00e9nement couv<span class=\"_ _1\"></span>ert se produit, c\u2019<span class=\"_ _1\"></span>est-\u00e0-dire \u00e0 la dat<span class=\"_ _1\"></span>e de r\u00e9alisation de la transaction pr\u00e9vue qui constitue l\u2019<span class=\"_ _1\"></span>objet de la couv<span class=\"_ _1\"></span>erture ou quand l\u2019\u00e9l\u00e9ment c<span class=\"_ _1\"></span>ouvert affect<span class=\"_ _1\"></span>e le r\u00e9sultat (par ex<span class=\"_ _1\"></span>emple, dans le cas d\u2019une vent<span class=\"_ _1\"></span>e \u00e0 terme d\u2019aluminium, la r\u00e9serv<span class=\"_ _1\"></span>e est comptabilis\u00e9e au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 apr\u00e8s le r\u00e8glement en esp\u00e8ces net du contr<span class=\"_ _1\"></span>at \u00e0 terme et \u00e0 la dat<span class=\"_ _1\"></span>e de la vente de l\u2019<span class=\"_ _1\"></span>aluminium).<span class=\"_ _8\"></span> Lorsqu\u2019un \u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert est v<span class=\"_ _1\"></span>endu ou lorsque la quote-part de couv<span class=\"_ _1\"></span>erture ne r\u00e9pond plus aux crit\u00e8r<span class=\"_ _1\"></span>es de<span class=\"_ _8\"></span> comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture<span class=\"_ _1\"></span>, la comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture est int<span class=\"_ _1\"></span>errompue anticipativ<span class=\"_ _1\"></span>ement, les montants imput\u00e9s<span class=\"_ _8\"></span> \u00e0 la \u00ab R\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e \u00bb sont conserv\u00e9s en sous forme de r\u00e9serv<span class=\"_ _1\"></span>e et sont reclass\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat consolid\u00e9 lorsque l\u2019<span class=\"_ _1\"></span>actif couvert impact<span class=\"_ _1\"></span>e le r\u00e9sultat. En cas de couvertur<span class=\"_ _1\"></span>e d'une transaction futur<span class=\"_ _1\"></span>e pr\u00e9vue qui ne<span class=\"_ _8\"></span> devr<span class=\"_ _1\"></span>ait plus se produir<span class=\"_ _1\"></span>e, les montants comptabilis\u00e9s dans la \u00ab R\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e \u00bb sont reclass\u00e9s en r\u00e9sulta<span class=\"_ _1\"></span>t.<span class=\"_ _8\"></span> La variation de la jus<span class=\"_ _1\"></span>te valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e dans les capitaux propres au titr<span class=\"_ _1\"></span>e de la couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 sera tr<span class=\"_ _1\"></span>ansf\u00e9r\u00e9e dans l'\u00e9tat consolid\u00e9 des r\u00e9sultats au cours de l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice 2023 et dans la partie \u00e0 long terme au cours de l'e<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>ercice 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la dat<span class=\"_ _1\"></span>e d'\u00e9ch\u00e9ance des instruments d\u00e9riv\u00e9s utilis\u00e9s, lorsque les \u00e9v\u00e9nements couv<span class=\"_ _1\"></span>erts se produir<span class=\"_ _1\"></span>ont (les transactions pr\u00e9vues auront lieu ou les \u00e9l\u00e9ments c<span class=\"_ _1\"></span>ouverts aur<span class=\"_ _1\"></span>ont<span class=\"_ _8\"></span> une incidence sur le r\u00e9sultat. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings examinent l\u2019<span class=\"_ _1\"></span>efficacit\u00e9 de la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie au commencement (de mani\u00e8r<span class=\"_ _1\"></span>e prospectiv<span class=\"_ _1\"></span>e) en c<span class=\"_ _1\"></span>omparant les termes critiques de l\u2019ins<span class=\"_ _1\"></span>trument de couvertur<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ec les termes critiques<span class=\"_ _8\"></span> de l\u2019\u00e9l\u00e9ment couv<span class=\"_ _1\"></span>ert et, par la suite, lors de chaque dat<span class=\"_ _1\"></span>e de reporting (de mani\u00e8r<span class=\"_ _1\"></span>e r\u00e9trospectiv<span class=\"_ _1\"></span>e), en appliquant, d\u2019une mani\u00e8re cumul\u00e9e<span class=\"_ _1\"></span>, la m\u00e9thode de la compensation en dollar<span class=\"_ _1\"></span>. Les r\u00e9sultats des activit\u00e9s de couv<span class=\"_ _1\"></span>erture des soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings figurant dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont pr\u00e9sent\u00e9s pour les contr<span class=\"_ _1\"></span>ats \u00e0 terme de m\u00e9tal et les contr<span class=\"_ _1\"></span>ats de change dans \u00ab Chiffre d\u2019<span class=\"_ _1\"></span>affaires \u00bb et \u00ab Co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb.<span class=\"_ _8\"></span> Les montants comptabilis\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont les suivants : <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats \u00e0 terme <span class=\"_ _223\"> </span>1.934 <span class=\"_ _bb\"> </span>(14.<span class=\"_ _1\"></span>166) Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme <span class=\"_ _13a\"> </span>7<span class=\"_ _0\"></span>.579 <span class=\"_ _180\"> </span>(189) T<span class=\"_ _0\"></span>otal <span class=\"_ _224\"> </span>12.881 <span class=\"_ _d0\"> </span>(14.355)L'\u00e9valuation des c<span class=\"_ _1\"></span>ontrats futurs utilis\u00e9s pour la c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie et comptabilis\u00e9s dans les autr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> \u00e9l\u00e9ments du r\u00e9sultat global (r\u00e9serv<span class=\"_ _1\"></span>e de couvertur<span class=\"_ _1\"></span>e) au 31 d\u00e9c<span class=\"_ _1\"></span>embre 2022 ser<span class=\"_ _1\"></span>a comptabilis\u00e9e en b\u00e9n\u00e9fices ou en pertes au cours de l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice financier suivant, alors que l'\u00e9v<span class=\"_ _1\"></span>aluation des contr<span class=\"_ _1\"></span>ats de change \u00e0 terme sera comptabilis\u00e9e dans l'\u00e9tat c<span class=\"_ _1\"></span>onsolid\u00e9 des r\u00e9sultats en 2023 et 202<span class=\"_ _1\"></span>4, conform\u00e9ment \u00e0 la date d'\u00e9ch\u00e9anc<span class=\"_ _1\"></span>e des<span class=\"_ _8\"></span> instruments d\u00e9riv\u00e9s utilis\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-250-6": {
   "value": " <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> Les r\u00e9sultats des activit\u00e9s de couv<span class=\"_ _1\"></span>erture des soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings figurant dans le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont pr\u00e9sent\u00e9s pour les contr<span class=\"_ _1\"></span>ats \u00e0 terme de m\u00e9tal et les contr<span class=\"_ _1\"></span>ats de change dans \u00ab Chiffre d\u2019<span class=\"_ _1\"></span>affaires \u00bb et \u00ab Co\u00fbt des vent<span class=\"_ _1\"></span>es \u00bb.<span class=\"_ _8\"></span> Les montants comptabilis\u00e9s au c<span class=\"_ _1\"></span>ompte de r\u00e9sultat sont les suivants : <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gain sur les swaps de taux d'int\u00e9r\u00eat <span class=\"_ _155\"> </span>3.368 <span class=\"_ _c8\"> </span>- Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats \u00e0 terme <span class=\"_ _223\"> </span>1.934 <span class=\"_ _bb\"> </span>(14.<span class=\"_ _1\"></span>166) Gain / (perte) sur les c<span class=\"_ _1\"></span>ontrats de change \u00e0 terme <span class=\"_ _13a\"> </span>7<span class=\"_ _0\"></span>.579 <span class=\"_ _180\"> </span>(189) T<span class=\"_ _0\"></span>otal <span class=\"_ _224\"> </span>12.881 <span class=\"_ _d0\"> </span>(14.355)",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-250-7": {
   "value": " <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Actifs non c<span class=\"_ _1\"></span>ourants <span class=\"_ _163\"> </span>  Contra<span class=\"_ _1\"></span>ts de swap de taux d'int\u00e9r\u00eat <span class=\"_ _15e\"> </span>3.368 <span class=\"_ _c8\"> </span>- Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>3.62<span class=\"_ _1\"></span>4 <span class=\"_ _c8\"> </span>- Options <span class=\"_ _21e\"> </span>-  <span class=\"_ _116\"> </span>944 T<span class=\"_ _0\"></span>otal <span class=\"_ _21f\"> </span>6.992 <span class=\"_ _198\"> </span>944 Actifs c<span class=\"_ _1\"></span>ourants <span class=\"_ _220\"> </span>  Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _168\"> </span>9.<span class=\"_ _1\"></span>157 <span class=\"_ _df\"> </span>536 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>463 <span class=\"_ _c8\"> </span>- T<span class=\"_ _0\"></span>otal <span class=\"_ _d2\"> </span>9<span class=\"_ _1\"></span>.620 <span class=\"_ _df\"> </span>536 Passifs cour<span class=\"_ _1\"></span>ants<span class=\"ff19\"> <span class=\"_ _222\"> </span>  <span class=\"_ _167\"> </span> </span> Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _17b\"> </span>9.833 <span class=\"_ _d5\"> </span>1.397 Contra<span class=\"_ _1\"></span>ts \u00e0 terme \u2013 future <span class=\"_ _221\"> </span>956 <span class=\"_ _dc\"> </span>1.<span class=\"_ _1\"></span>199 T<span class=\"_ _0\"></span>otal <span class=\"_ _17c\"> </span>10.<span class=\"_ _1\"></span>790 <span class=\"_ _d7\"> </span>2.596Couvertur<span class=\"_ _1\"></span>es de la juste valeur Les instruments d\u00e9riv\u00e9s sont d\u00e9sign\u00e9s c<span class=\"_ _1\"></span>omme instruments de couv<span class=\"_ _1\"></span>erture de la juste v<span class=\"_ _1\"></span>aleur lorsque l\u2019<span class=\"_ _1\"></span>exposition aux variations de la jus<span class=\"_ _1\"></span>te valeur d\u2019un actif ou d\u2019un pas<span class=\"_ _1\"></span>sif financier comptabilis\u00e9 est couv<span class=\"_ _1\"></span>erte. Les v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des instruments d\u00e9riv\u00e9s qui sont r\u00e9pertori\u00e9s et qualifi\u00e9s c<span class=\"_ _1\"></span>omme des instruments de couvertur<span class=\"_ _1\"></span>e de la juste v<span class=\"_ _1\"></span>aleur sont comptabilis\u00e9es dans le compt<span class=\"_ _1\"></span>e de r\u00e9sultat consolid\u00e9 comme des v<span class=\"_ _1\"></span>ariations de la juste v<span class=\"_ _1\"></span>aleur des<span class=\"_ _8\"></span> \u00e9l\u00e9ments couv<span class=\"_ _1\"></span>erts qui sont attribuables au risque couv<span class=\"_ _1\"></span>ert.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-258-2": {
   "value": "24. Capital et r\u00e9serv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> A. Capital social et primes d'\u00e9mission Le capital social en cir<span class=\"_ _1\"></span>culation et le nombre d'actions de la Soci\u00e9t\u00e9 sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Capital social en cir<span class=\"_ _1\"></span>culation : 117<span class=\"_ _0\"></span>.892.<span class=\"_ _1\"></span>172,38 euros ; et \u2022 <span class=\"_ _20\"> </span>Nombr<span class=\"_ _1\"></span>e total d'actions : 190.<span class=\"_ _1\"></span>162.681. Les actions de la Soci\u00e9t\u00e9 n\u2019<span class=\"_ _1\"></span>ont pas de valeur nominale<span class=\"_ _1\"></span>. Les porteurs d'actions ont droit \u00e0 un v<span class=\"_ _1\"></span>ote par action aux assembl\u00e9es des actionnair<span class=\"_ _1\"></span>es de la Soci\u00e9t\u00e9.<span class=\"_ _8\"></span> Les primes d\u2019\u00e9mission de la Soci\u00e9t\u00e9 s\u2019\u00e9l\u00e8v<span class=\"_ _1\"></span>ent \u00e0 58.600 milliers d\u2019<span class=\"_ _1\"></span>euros. B. Nature et objet des r\u00e9serv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> (a) R\u00e9serve l\u00e9gale En application de la l\u00e9gislation fiscale belge, les soci\u00e9t\u00e9s sont oblig\u00e9es d\u2019<span class=\"_ _1\"></span>allouer 5 % de leurs b\u00e9n\u00e9fices \u00e0 la r\u00e9serve l\u00e9gale, jusqu\u2019\u00e0 ce que c<span class=\"_ _1\"></span>elle-ci atteigne 10 % du capital social. La distribution de la r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale est inter<span class=\"_ _1\"></span>dite. En application de la l\u00e9gislation gr<span class=\"_ _1\"></span>ecque sur les soci\u00e9t\u00e9s, celles-ci sont tenues d\u2019<span class=\"_ _1\"></span>allouer chaque ann\u00e9e au moins 5 % de<span class=\"_ _8\"></span> leurs b\u00e9n\u00e9fices annuels nets \u00e0 leur r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale, jusqu\u2019\u00e0 ce que celle-ci a<span class=\"_ _1\"></span>tteigne au moins un tiers du capital social<span class=\"_ _8\"></span> de la soci\u00e9t\u00e9. La distribution de la r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale est inter<span class=\"_ _1\"></span>dite, mais elle peut \u00eatre utilis\u00e9e pour c<span class=\"_ _1\"></span>ompenser les pertes.<span class=\"_ _8\"></span> (b) R\u00e9s<span class=\"_ _1\"></span>erve de couverture La r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e comprend la quot<span class=\"_ _1\"></span>e-part effective de la v<span class=\"_ _1\"></span>ariation nette cumul\u00e9e de la just<span class=\"_ _1\"></span>e valeur des instruments utilis\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie en attente de c<span class=\"_ _1\"></span>omptabilisation ult\u00e9rieure au c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> de r\u00e9sultat, car les flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ouverts ont une incidenc<span class=\"_ _1\"></span>e sur le r\u00e9sultat.<span class=\"_ _8\"></span> (c<span class=\"_ _1\"></span>) R\u00e9serve de la just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global Cette ca<span class=\"_ _1\"></span>t\u00e9gorie se rapporte aux r\u00e9serv<span class=\"_ _1\"></span>es constitu\u00e9es par l'application des dispositions de l'IFRS 9 c<span class=\"_ _1\"></span>oncernant le<span class=\"_ _8\"></span> trait<span class=\"_ _1\"></span>ement des autres placements clas<span class=\"_ _1\"></span>s\u00e9s dans la cat\u00e9gorie ci-apr\u00e8s.<span class=\"_ _8\"></span> (d) R\u00e9s<span class=\"_ _1\"></span>erves sp\u00e9ciales Cette ca<span class=\"_ _1\"></span>t\u00e9gorie concerne les r\u00e9serv<span class=\"_ _1\"></span>es form\u00e9es par l\u2019application des dispositions de c<span class=\"_ _1\"></span>ertaines lois sur le<span class=\"_ _8\"></span> d\u00e9veloppement qui ac<span class=\"_ _1\"></span>cordent des a<span class=\"_ _1\"></span>vantages fiscaux aux soci\u00e9t\u00e9s qui ont in<span class=\"_ _1\"></span>vesti leurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es plut\u00f4t que de les<span class=\"_ _8\"></span> distribuer aux actionnair<span class=\"_ _1\"></span>es. Plus pr\u00e9cis\u00e9ment, les r\u00e9serves d\u00e9crites ont soit \u00e9puis\u00e9 leur dett<span class=\"_ _1\"></span>e d\u2019imp\u00f4ts sur leur re<span class=\"_ _1\"></span>venu ou soit ont \u00e9t\u00e9 ex<span class=\"_ _1\"></span>empt\u00e9es d\u00e9finitivement de l'imp\u00f4t sur le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu, apr\u00e8s la fin d\u2019une p\u00e9riode d\u00e9termin\u00e9e \u00e0 compt<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> de la r\u00e9alisation des inv<span class=\"_ _1\"></span>estissements qu'ils c<span class=\"_ _1\"></span>oncernent.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) R\u00e9serves immunis\u00e9es Cette ca<span class=\"_ _1\"></span>t\u00e9gorie concerne les r\u00e9serv<span class=\"_ _1\"></span>es form\u00e9es en application des dispositions de certaines lois fiscales et sont ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es de l\u2019imp\u00f4t sur le r\u00e9sultat, \u00e0 condition qu\u2019<span class=\"_ _1\"></span>elles ne soient pas distribu\u00e9es aux actionnair<span class=\"_ _1\"></span>es. Dans le cas o\u00f9<span class=\"_ _8\"></span> ces r\u00e9serv<span class=\"_ _1\"></span>es sont distribu\u00e9es, elles seront impos\u00e9es en utilisant le taux d\u2019imposition applicable \u00e0 c<span class=\"_ _1\"></span>ette date. (f) R\u00e9serve de con<span class=\"_ _1\"></span>version La r\u00e9serve pour l\u2019\u00e9cart de c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ersion contient les diff\u00e9renc<span class=\"_ _1\"></span>es de change r\u00e9sultant de la conv<span class=\"_ _1\"></span>ersion des \u00e9tats<span class=\"_ _8\"></span> financiers des activit\u00e9s \u00e0 l\u2019\u00e9tranger<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> C. Rapprochement des r\u00e9serv<span class=\"_ _1\"></span>es <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _225\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _be\"> </span>    R\u00e9serves l\u00e9gales     R\u00e9serve de couverture R\u00e9serve de<span class=\"_ _8\"></span> la juste<span class=\"_ _8\"></span> valeur par<span class=\"_ _8\"></span> les autres<span class=\"_ _7\"></span> \u00e9l\u00e9ments du r\u00e9sultat R\u00e9serv<span class=\"_ _1\"></span>es sp\u00e9ciales R\u00e9serves immunis\u00e9es R\u00e9serve decon<span class=\"_ _1\"></span>versionT<span class=\"_ _1\"></span>otal Solde au 1 janvier 2021 <span class=\"_ _186\"> </span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>712 <span class=\"_ _6d\"> </span>(1.630) <span class=\"_ _a4\"> </span>640 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>36.318 <span class=\"_ _68\"> </span>(21.876) <span class=\"_ _4d\"> </span>30.427 Autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global,  nets d'imp\u00f4ts <span class=\"_ _227\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1da\"> </span>10<span class=\"_ _1\"></span>7 <span class=\"_ _1cd\"> </span>156 <span class=\"_ _1b1\"> </span>-  <span class=\"_ _64\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _93\"> </span>643 <span class=\"_ _6e\"> </span><span class=\"ff18\">906</span> T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansfert de r\u00e9serves <span class=\"_ _129\"> </span>1.10<span class=\"_ _1\"></span>7 <span class=\"_ _1b3\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1d8\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _ab\"> </span>660 <span class=\"_ _5c\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _85\"> </span><span class=\"ff18 ls11 ws5b\">1.767</span> Acquisition de participa<span class=\"_ _1\"></span>tions  minoritaires <span class=\"_ _1d6\"> </span>17 <span class=\"_ _5e\"> </span>3 <span class=\"_ _1cc\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _1a5\"> </span>38 <span class=\"_ _56\"> </span>(100) <span class=\"_ _8d\"> </span><span class=\"ff18\">(41)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _14c\"> </span>8.836 <span class=\"_ _88\"> </span>(1.519) <span class=\"_ _3e\"> </span>796 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>37<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>016 <span class=\"_ _68\"> </span>(21.333) <span class=\"_ _e\"> </span>33.05<span class=\"_ _1\"></span>9 Solde au 1 janvier 2022 <span class=\"_ _e9\"> </span>8.836 <span class=\"_ _69\"> </span>(1.519) <span class=\"_ _94\"> </span>796 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>37<span class=\"_ _0\"></span>.016 <span class=\"_ _68\"> </span>(21.333) <span class=\"_ _e\"> </span>33.<span class=\"_ _1\"></span>059 Autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global,  nets d'imp\u00f4ts <span class=\"_ _227\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _7e\"> </span>2.380 <span class=\"_ _3e\"> </span>496 <span class=\"_ _71\"> </span>-  <span class=\"_ _64\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1cb\"> </span>597 <span class=\"_ _28\"> </span><span class=\"ff18\">3.47<span class=\"_ _1\"></span>3</span> <span class=\"ff19\">T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansfert de r\u00e9serves <span class=\"_ _12a\"> </span>1.968 <span class=\"_ _1b3\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1d8\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _1f\"> </span>(660) <span class=\"_ _5c\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span><span class=\"ff18\">1.308</span></span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _af\"> </span>10.803 <span class=\"_ _55\"> </span>860 <span class=\"_ _4f\"> </span>1.291 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _ef\"> </span>36.356 <span class=\"_ _6e\"> </span>(20.7<span class=\"_ _1\"></span>35) <span class=\"_ _6c\"> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.839",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-259-3": {
   "value": "A. Capital social et primes d'\u00e9mission Le capital social en cir<span class=\"_ _1\"></span>culation et le nombre d'actions de la Soci\u00e9t\u00e9 sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Capital social en cir<span class=\"_ _1\"></span>culation : 117<span class=\"_ _0\"></span>.892.<span class=\"_ _1\"></span>172,38 euros ; et \u2022 <span class=\"_ _20\"> </span>Nombr<span class=\"_ _1\"></span>e total d'actions : 190.<span class=\"_ _1\"></span>162.681. Les actions de la Soci\u00e9t\u00e9 n\u2019<span class=\"_ _1\"></span>ont pas de valeur nominale<span class=\"_ _1\"></span>. Les porteurs d'actions ont droit \u00e0 un v<span class=\"_ _1\"></span>ote par action aux assembl\u00e9es des actionnair<span class=\"_ _1\"></span>es de la Soci\u00e9t\u00e9.<span class=\"_ _8\"></span> Les primes d\u2019\u00e9mission de la Soci\u00e9t\u00e9 s\u2019\u00e9l\u00e8v<span class=\"_ _1\"></span>ent \u00e0 58.600 milliers d\u2019<span class=\"_ _1\"></span>euros. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-260-3": {
   "value": "B. Nature et objet des r\u00e9serv<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> (a) R\u00e9serve l\u00e9gale En application de la l\u00e9gislation fiscale belge, les soci\u00e9t\u00e9s sont oblig\u00e9es d\u2019<span class=\"_ _1\"></span>allouer 5 % de leurs b\u00e9n\u00e9fices \u00e0 la r\u00e9serve l\u00e9gale, jusqu\u2019\u00e0 ce que c<span class=\"_ _1\"></span>elle-ci atteigne 10 % du capital social. La distribution de la r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale est inter<span class=\"_ _1\"></span>dite. En application de la l\u00e9gislation gr<span class=\"_ _1\"></span>ecque sur les soci\u00e9t\u00e9s, celles-ci sont tenues d\u2019<span class=\"_ _1\"></span>allouer chaque ann\u00e9e au moins 5 % de<span class=\"_ _8\"></span> leurs b\u00e9n\u00e9fices annuels nets \u00e0 leur r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale, jusqu\u2019\u00e0 ce que celle-ci a<span class=\"_ _1\"></span>tteigne au moins un tiers du capital social<span class=\"_ _8\"></span> de la soci\u00e9t\u00e9. La distribution de la r\u00e9serv<span class=\"_ _1\"></span>e l\u00e9gale est inter<span class=\"_ _1\"></span>dite, mais elle peut \u00eatre utilis\u00e9e pour c<span class=\"_ _1\"></span>ompenser les pertes.<span class=\"_ _8\"></span> (b) R\u00e9s<span class=\"_ _1\"></span>erve de couverture La r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e comprend la quot<span class=\"_ _1\"></span>e-part effective de la v<span class=\"_ _1\"></span>ariation nette cumul\u00e9e de la just<span class=\"_ _1\"></span>e valeur des instruments utilis\u00e9s aux fins de couv<span class=\"_ _1\"></span>erture des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie en attente de c<span class=\"_ _1\"></span>omptabilisation ult\u00e9rieure au c<span class=\"_ _1\"></span>ompte<span class=\"_ _8\"></span> de r\u00e9sultat, car les flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ouverts ont une incidenc<span class=\"_ _1\"></span>e sur le r\u00e9sultat.<span class=\"_ _8\"></span> (c<span class=\"_ _1\"></span>) R\u00e9serve de la just<span class=\"_ _1\"></span>e valeur par le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global Cette ca<span class=\"_ _1\"></span>t\u00e9gorie se rapporte aux r\u00e9serv<span class=\"_ _1\"></span>es constitu\u00e9es par l'application des dispositions de l'IFRS 9 c<span class=\"_ _1\"></span>oncernant le<span class=\"_ _8\"></span> trait<span class=\"_ _1\"></span>ement des autres placements clas<span class=\"_ _1\"></span>s\u00e9s dans la cat\u00e9gorie ci-apr\u00e8s.<span class=\"_ _8\"></span> (d) R\u00e9s<span class=\"_ _1\"></span>erves sp\u00e9ciales Cette ca<span class=\"_ _1\"></span>t\u00e9gorie concerne les r\u00e9serv<span class=\"_ _1\"></span>es form\u00e9es par l\u2019application des dispositions de c<span class=\"_ _1\"></span>ertaines lois sur le<span class=\"_ _8\"></span> d\u00e9veloppement qui ac<span class=\"_ _1\"></span>cordent des a<span class=\"_ _1\"></span>vantages fiscaux aux soci\u00e9t\u00e9s qui ont in<span class=\"_ _1\"></span>vesti leurs b\u00e9n\u00e9fic<span class=\"_ _1\"></span>es plut\u00f4t que de les<span class=\"_ _8\"></span> distribuer aux actionnair<span class=\"_ _1\"></span>es. Plus pr\u00e9cis\u00e9ment, les r\u00e9serves d\u00e9crites ont soit \u00e9puis\u00e9 leur dett<span class=\"_ _1\"></span>e d\u2019imp\u00f4ts sur leur re<span class=\"_ _1\"></span>venu ou soit ont \u00e9t\u00e9 ex<span class=\"_ _1\"></span>empt\u00e9es d\u00e9finitivement de l'imp\u00f4t sur le r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enu, apr\u00e8s la fin d\u2019une p\u00e9riode d\u00e9termin\u00e9e \u00e0 compt<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> de la r\u00e9alisation des inv<span class=\"_ _1\"></span>estissements qu'ils c<span class=\"_ _1\"></span>oncernent.<span class=\"_ _8\"></span> (e<span class=\"_ _1\"></span>) R\u00e9serves immunis\u00e9es Cette ca<span class=\"_ _1\"></span>t\u00e9gorie concerne les r\u00e9serv<span class=\"_ _1\"></span>es form\u00e9es en application des dispositions de certaines lois fiscales et sont ex<span class=\"_ _1\"></span>on\u00e9r\u00e9es de l\u2019imp\u00f4t sur le r\u00e9sultat, \u00e0 condition qu\u2019<span class=\"_ _1\"></span>elles ne soient pas distribu\u00e9es aux actionnair<span class=\"_ _1\"></span>es. Dans le cas o\u00f9<span class=\"_ _8\"></span> ces r\u00e9serv<span class=\"_ _1\"></span>es sont distribu\u00e9es, elles seront impos\u00e9es en utilisant le taux d\u2019imposition applicable \u00e0 c<span class=\"_ _1\"></span>ette date. (f) R\u00e9serve de con<span class=\"_ _1\"></span>version La r\u00e9serve pour l\u2019\u00e9cart de c<span class=\"_ _1\"></span>onv<span class=\"_ _1\"></span>ersion contient les diff\u00e9renc<span class=\"_ _1\"></span>es de change r\u00e9sultant de la conv<span class=\"_ _1\"></span>ersion des \u00e9tats<span class=\"_ _8\"></span> financiers des activit\u00e9s \u00e0 l\u2019\u00e9tranger<span class=\"_ _0\"></span>.<span class=\"_ _8\"></span> C. Rapprochement des r\u00e9serv<span class=\"_ _1\"></span>es <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _127\"> </span> <span class=\"_ _225\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _be\"> </span>    R\u00e9serves l\u00e9gales     R\u00e9serve de couverture R\u00e9serve de<span class=\"_ _8\"></span> la juste<span class=\"_ _8\"></span> valeur par<span class=\"_ _8\"></span> les autres<span class=\"_ _7\"></span> \u00e9l\u00e9ments du r\u00e9sultat R\u00e9serv<span class=\"_ _1\"></span>es sp\u00e9ciales R\u00e9serves immunis\u00e9es R\u00e9serve decon<span class=\"_ _1\"></span>versionT<span class=\"_ _1\"></span>otal Solde au 1 janvier 2021 <span class=\"_ _186\"> </span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>712 <span class=\"_ _6d\"> </span>(1.630) <span class=\"_ _a4\"> </span>640 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>36.318 <span class=\"_ _68\"> </span>(21.876) <span class=\"_ _4d\"> </span>30.427 Autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global,  nets d'imp\u00f4ts <span class=\"_ _227\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1da\"> </span>10<span class=\"_ _1\"></span>7 <span class=\"_ _1cd\"> </span>156 <span class=\"_ _1b1\"> </span>-  <span class=\"_ _64\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _93\"> </span>643 <span class=\"_ _6e\"> </span><span class=\"ff18\">906</span> T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansfert de r\u00e9serves <span class=\"_ _129\"> </span>1.10<span class=\"_ _1\"></span>7 <span class=\"_ _1b3\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1d8\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _ab\"> </span>660 <span class=\"_ _5c\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _85\"> </span><span class=\"ff18 ls11 ws5b\">1.767</span> Acquisition de participa<span class=\"_ _1\"></span>tions  minoritaires <span class=\"_ _1d6\"> </span>17 <span class=\"_ _5e\"> </span>3 <span class=\"_ _1cc\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _1a5\"> </span>38 <span class=\"_ _56\"> </span>(100) <span class=\"_ _8d\"> </span><span class=\"ff18\">(41)</span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>21 <span class=\"_ _14c\"> </span>8.836 <span class=\"_ _88\"> </span>(1.519) <span class=\"_ _3e\"> </span>796 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>37<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>016 <span class=\"_ _68\"> </span>(21.333) <span class=\"_ _e\"> </span>33.05<span class=\"_ _1\"></span>9 Solde au 1 janvier 2022 <span class=\"_ _e9\"> </span>8.836 <span class=\"_ _69\"> </span>(1.519) <span class=\"_ _94\"> </span>796 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _a3\"> </span>37<span class=\"_ _0\"></span>.016 <span class=\"_ _68\"> </span>(21.333) <span class=\"_ _e\"> </span>33.<span class=\"_ _1\"></span>059 Autres \u00e9l\u00e9ments du r\u00e9sulta<span class=\"_ _1\"></span>t global,  nets d'imp\u00f4ts <span class=\"_ _227\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _7e\"> </span>2.380 <span class=\"_ _3e\"> </span>496 <span class=\"_ _71\"> </span>-  <span class=\"_ _64\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1cb\"> </span>597 <span class=\"_ _28\"> </span><span class=\"ff18\">3.47<span class=\"_ _1\"></span>3</span> <span class=\"ff19\">T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ansfert de r\u00e9serves <span class=\"_ _12a\"> </span>1.968 <span class=\"_ _1b3\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _1d8\"> </span>-  <span class=\"_ _113\"> </span>-  <span class=\"_ _1f\"> </span>(660) <span class=\"_ _5c\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _91\"> </span><span class=\"ff18\">1.308</span></span> Solde au 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22 <span class=\"_ _af\"> </span>10.803 <span class=\"_ _55\"> </span>860 <span class=\"_ _4f\"> </span>1.291 <span class=\"_ _5f\"> </span>9.263 <span class=\"_ _ef\"> </span>36.356 <span class=\"_ _6e\"> </span>(20.7<span class=\"_ _1\"></span>35) <span class=\"_ _6c\"> </span>3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.839",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-272-2": {
   "value": "25. Gestion du capital La politique des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings consiste \u00e0 maint<span class=\"_ _1\"></span>enir une structure du capital solide afin de pr\u00e9serv<span class=\"_ _1\"></span>er<span class=\"_ _8\"></span> la confiance des in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tisseurs, des cr\u00e9anciers et du march\u00e9 et de soutenir le d\u00e9v<span class=\"_ _1\"></span>eloppement futur de leurs activit\u00e9s. Le Conseil d'administr<span class=\"_ _1\"></span>ation surv<span class=\"_ _1\"></span>eille de pr\u00e8s le rendement du capital et le niveau des dividendes dis<span class=\"_ _1\"></span>tribu\u00e9s aux<span class=\"_ _8\"></span> porteurs d'actions or<span class=\"_ _1\"></span>dinaires. Le Conseil d\u2019<span class=\"_ _1\"></span>administration vise \u00e0 maint<span class=\"_ _1\"></span>enir un \u00e9quilibre entre une r<span class=\"_ _1\"></span>entabilit\u00e9 sur capitaux propr<span class=\"_ _1\"></span>es plus \u00e9lev\u00e9e qui serait pos<span class=\"_ _1\"></span>sible gr\u00e2ce \u00e0 un rec<span class=\"_ _1\"></span>ours plus important \u00e0 l\u2019emprunt, et les a<span class=\"_ _1\"></span>vantages et la s\u00e9curit\u00e9 pr<span class=\"_ _1\"></span>ocur\u00e9s par une<span class=\"_ _8\"></span> structur<span class=\"_ _1\"></span>e de capital solide. Dans ce cont<span class=\"_ _1\"></span>exte, le C<span class=\"_ _1\"></span>onseil d\u2019administr<span class=\"_ _1\"></span>ation surveille le Rendement des Capitaux Inv<span class=\"_ _1\"></span>estis (RCI), qui est d\u00e9fini c<span class=\"_ _1\"></span>omme \u00e9tant l\u2019EBIT (r\u00e9sultat de la p\u00e9riode avant imp\u00f4t et char<span class=\"_ _1\"></span>ges financi\u00e8res nett<span class=\"_ _1\"></span>es) divis\u00e9 par les capitaux inv<span class=\"_ _1\"></span>estis (<span class=\"_ _1\"></span>c<span class=\"_ _8\"></span>\u2019<span class=\"_ _1\"></span>est-\u00e0-dire les capitaux pr<span class=\"_ _1\"></span>opres et la dett<span class=\"_ _1\"></span>e).  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 B\u00e9n\u00e9fice pour l'e<span class=\"_ _1\"></span>xercic<span class=\"_ _1\"></span>e <span class=\"_ _228\"> </span>60.420 <span class=\"_ _e9\"> </span>22.0<span class=\"_ _1\"></span>79 Imp\u00f4t sur le r\u00e9sultat <span class=\"_ _1ed\"> </span>9.536 <span class=\"_ _d7\"> </span>8.434 R\u00e9sultat financier net <span class=\"_ _21d\"> </span>36.462 <span class=\"_ _e9\"> </span>28.985 EBIT <span class=\"_ _229\"> </span>106.418 <span class=\"_ _190\"> </span>59.498 Capitaux propr<span class=\"_ _1\"></span>es <span class=\"_ _22a\"> </span>341.631 <span class=\"_ _e6\"> </span>277<span class=\"_ _1\"></span>.54<span class=\"_ _1\"></span>1 Dette \u00e0 long t<span class=\"_ _1\"></span>erme (y compris obligations locatives<span class=\"_ _1\"></span>) <span class=\"_ _7c\"> </span>129.393 <span class=\"_ _bb\"> </span>177<span class=\"_ _1\"></span>.020 Dette \u00e0 c<span class=\"_ _1\"></span>ourt terme (y compris obligations locativ<span class=\"_ _1\"></span>es) <span class=\"_ _22b\"> </span>4<span class=\"_ _1\"></span>75.97<span class=\"_ _1\"></span>2 <span class=\"_ _135\"> </span>216.915 Capitaux inv<span class=\"_ _1\"></span>estis <span class=\"_ _1ed\"> </span>946.997 <span class=\"_ _cd\"> </span>671.477 Rendement des capitaux inv<span class=\"_ _1\"></span>estis <span class=\"_ _154\"> </span>11,2 % <span class=\"_ _17a\"> </span>8,9 %",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-273-3": {
   "value": "26. DetteA. Aper\u00e7u  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Passifs non cour<span class=\"_ _1\"></span>ants <span class=\"_ _22c\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _151\"> </span>3.530 <span class=\"_ _d5\"> </span>5.791 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22d\"> </span>-  <span class=\"_ _145\"> </span>5.219 Emprunts obligataires gar<span class=\"_ _1\"></span>antis <span class=\"_ _1e2\"> </span>32.<span class=\"_ _1\"></span>427 <span class=\"_ _e9\"> </span>35.698 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22e\"> </span>91.204 <span class=\"_ _c3\"> </span>128.233 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - long t<span class=\"_ _1\"></span>erme <span class=\"_ _22f\"> </span>127<span class=\"_ _0\"></span>.161 <span class=\"_ _c3\"> </span>17<span class=\"_ _1\"></span>4.941</span> Obligations locativ<span class=\"_ _1\"></span>es - long terme <span class=\"_ _230\"> </span>2.233 <span class=\"_ _231\"> </span>2.080 T<span class=\"_ _0\"></span>otal dette \u00e0 long terme <span class=\"_ _232\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020 Passifs cour<span class=\"_ _1\"></span>ants <span class=\"_ _222\"> </span> <span class=\"_ _218\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _233\"> </span>8.454 <span class=\"_ _145\"> </span>5.47<span class=\"_ _1\"></span>0 Affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours <span class=\"_ _20c\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _8e\"> </span>36<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.567 <span class=\"_ _bb\"> </span>170<span class=\"_ _1\"></span>.796 Emprunts obligataires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>4.358 <span class=\"_ _186\"> </span>4.385 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _4c\"> </span>7<span class=\"_ _8\"></span>1.809 <span class=\"_ _b7\"> </span>18.326 Emprunts bancaires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _234\"> </span>2.651 <span class=\"_ _145\"> </span>3.058 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _14a\"> </span>5.27<span class=\"_ _1\"></span>3 <span class=\"_ _13f\"> </span>5.733 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _183\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4.7<span class=\"_ _0\"></span>49 <span class=\"_ _cd\"> </span>215.6<span class=\"_ _1\"></span>99</span> Obligations locativ<span class=\"_ _1\"></span>es - court terme <span class=\"_ _235\"> </span>1.224 <span class=\"_ _b6\"> </span>1.216 T<span class=\"_ _0\"></span>otal dette \u00e0 court terme <span class=\"_ _236\"> </span>47<span class=\"_ _1\"></span>5.972 <span class=\"_ _c3\"> </span>216.915 T<span class=\"_ _0\"></span>otal de la dette <span class=\"_ _237\"> </span>605.366 <span class=\"_ _10a\"> </span>393.935Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition au risque de taux d\u2019int\u00e9r\u00eat, de change et de liquidit\u00e9 des soci\u00e9t\u00e9s de Cenergy Holdings sont pr\u00e9sent\u00e9es \u00e0 la note 30<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les \u00e9ch\u00e9ances des emprunts non c<span class=\"_ _1\"></span>ourants sont les suiv<span class=\"_ _1\"></span>antes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Entre 1 et 2 ans <span class=\"_ _194\"> </span>30.6<span class=\"_ _1\"></span>73 <span class=\"_ _141\"> </span>78.<span class=\"_ _1\"></span>110 Entre 2 et 5 ans <span class=\"_ _238\"> </span>89.593 <span class=\"_ _d7\"> </span>71.193 Plus de 5 ans <span class=\"_ _239\"> </span>9.<span class=\"_ _1\"></span>128 <span class=\"_ _141\"> </span>27<span class=\"_ _0\"></span>.717 T<span class=\"_ _0\"></span>otal <span class=\"_ _da\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020Les taux d\u2019int\u00e9r\u00eat mo<span class=\"_ _1\"></span>yens pond\u00e9r\u00e9s effectifs des principales cat\u00e9gories d\u2019<span class=\"_ _1\"></span>emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res \u00e0 la date de cl\u00f4ture sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span>  <span class=\"_ _148\"> </span>31 d\u00e9cembre 2022 <span class=\"_ _ea\"> </span>31 d\u00e9cembre 2021 Montants en milliers d'euros <span class=\"_ _18f\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _53\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat <span class=\"_ _67\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _b1\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat Pr\u00eats bancaires (non c<span class=\"_ _1\"></span>ourants) - EUR <span class=\"_ _213\"> </span>3.530 <span class=\"_ _19f\"> </span>2,9 % <span class=\"_ _b7\"> </span>11.010 <span class=\"_ _14c\"> </span>2,8 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - EUR <span class=\"_ _be\"> </span>393.297 <span class=\"_ _1a9\"> </span>4,6 % <span class=\"_ _d0\"> </span>190.3<span class=\"_ _1\"></span>75 <span class=\"_ _14c\"> </span>3,4 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - GBP <span class=\"_ _1ae\"> </span>-  <span class=\"_ _b9\"> </span>-  <span class=\"_ _119\"> </span>1 <span class=\"_ _1d2\"> </span>3,0 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - R<span class=\"_ _1\"></span>ON <span class=\"_ _132\"> </span>5.285 <span class=\"_ _19f\"> </span>9,7 % <span class=\"_ _141\"> </span>2.613 <span class=\"_ _1dd\"> </span>3,8 % Emprunts obligataires - EUR <span class=\"_ _129\"> </span>199.<span class=\"_ _1\"></span>798 <span class=\"_ _19f\"> </span>4,7 % <span class=\"_ _143\"> </span>186.641 <span class=\"_ _14c\"> </span>3,8 %En 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont obtenu de nouv<span class=\"_ _1\"></span>eaux pr\u00eats bancaires, qui s\u2019\u00e9lev<span class=\"_ _1\"></span>aient \u00e0 245,6 millions d\u2019<span class=\"_ _1\"></span>euros et ont r<span class=\"_ _1\"></span>embours\u00e9 des pr\u00eats bancaires de 38,5 millions d\u2019<span class=\"_ _1\"></span>euros arriv<span class=\"_ _1\"></span>ant \u00e0 \u00e9ch\u00e9ance durant l\u2019<span class=\"_ _1\"></span>ann\u00e9e. Les nouveaux emprunts sont principalement : (a) les pr\u00e9l\u00e8v<span class=\"_ _1\"></span>ements de lignes de cr\u00e9dit renouv<span class=\"_ _1\"></span>elables exis<span class=\"_ _1\"></span>tantes et de nouvelles lignes de cr\u00e9dit a<span class=\"_ _1\"></span>yant des c<span class=\"_ _1\"></span>onditions similaires ; (b) les f<span class=\"_ _1\"></span>acilit\u00e9s de financement de projet, et (<span class=\"_ _1\"></span>c) quatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> nouveaux emprunts \u00e0 long t<span class=\"_ _1\"></span>erme, d\u00e9crits ci-dessous. Les emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res av<span class=\"_ _1\"></span>aient un taux d\u2019int\u00e9r\u00eat<span class=\"_ _8\"></span> effectif mo<span class=\"_ _1\"></span>yen de 4,<span class=\"_ _1\"></span>7 % (2021 : 3,6 %), \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> En 2022, le Gr<span class=\"_ _1\"></span>oupe a obtenu les pr\u00eats \u00e0 long terme suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span> Le segment C\u00e2bles a \u00e9mis tr<span class=\"_ _1\"></span>ois emprunts obligataires d\u2019une v<span class=\"_ _1\"></span>aleur totale de 27 millions d\u2019<span class=\"_ _1\"></span>euros c<span class=\"_ _1\"></span>omme suit:<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>F<span class=\"_ _1\"></span>ulgor a conclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une banque grecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e de 5 millions d'euros a<span class=\"_ _1\"></span>vec une dur\u00e9e initiale de 5 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire de 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir les besoins de d\u00e9penses en capital. \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un autre acc<span class=\"_ _1\"></span>ord av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e \u00e0 7 ans<span class=\"_ _8\"></span> de 15 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir un f<span class=\"_ _1\"></span>onds de roulement cons<span class=\"_ _1\"></span>tant.<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span>Le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a \u00e9mis un emprunt obligatair<span class=\"_ _1\"></span>e d'une valeur t<span class=\"_ _1\"></span>otale de 7 millions d\u2019eur<span class=\"_ _1\"></span>os :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire \u00e0 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros. T<span class=\"_ _0\"></span>ous les emprunts obligatair<span class=\"_ _1\"></span>es \u00e0 long terme ci-dessus sont enti\u00e8rement pr\u00e9le<span class=\"_ _1\"></span>v\u00e9s. En outre<span class=\"_ _1\"></span>, Fulgor a conv<span class=\"_ _1\"></span>enu av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque d'un pr\u00eat obligataire de 19 millions d'eur<span class=\"_ _1\"></span>os av<span class=\"_ _1\"></span>ec une<span class=\"_ _8\"></span> dur\u00e9e initiale de 7 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>. Le 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22, un montant \u00e9gal a \u00e9t\u00e9 re\u00e7u par la banque en tant que \u00ab financement interm\u00e9diair<span class=\"_ _1\"></span>e \u00bb et pr\u00e9sent\u00e9 en tant que pr\u00eat \u00e0 court terme<span class=\"_ _1\"></span>. L'accor<span class=\"_ _1\"></span>d de pr\u00eat<span class=\"_ _8\"></span> obligataire de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e sign\u00e9 au cours des premiers mois de 20<span class=\"_ _1\"></span>23, \u00e0 la fin des n\u00e9gociations pertinentes. Les facilit\u00e9s \u00e0 c<span class=\"_ _1\"></span>ourt terme sont principalement des facilit\u00e9s de cr\u00e9dit r<span class=\"_ _1\"></span>enouvelables, qui financent les besoins en fonds de r<span class=\"_ _1\"></span>oulement et des projets sp\u00e9cifiques en cours et nouv<span class=\"_ _1\"></span>eaux.<span class=\"_ _8\"></span> Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif \u00e0 court t<span class=\"_ _1\"></span>erme consolid\u00e9 de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9passait de 85,8 millions d\u2019<span class=\"_ _1\"></span>euros l\u2019actif \u00e0 c<span class=\"_ _1\"></span>ourt terme consolid\u00e9 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 38,2 millions d'euros<span class=\"_ _1\"></span>). N\u00e9anmoins, les filiales de Cenergy Holdings n\u2019<span class=\"_ _1\"></span>ont jamais connu dans le pass\u00e9 de pr<span class=\"_ _1\"></span>obl\u00e8mes de financement de leurs activit\u00e9s, de renouv<span class=\"_ _1\"></span>ellement de<span class=\"_ _8\"></span> leurs lignes couvr<span class=\"_ _1\"></span>ant les besoins en fonds de roulement ou de r<span class=\"_ _1\"></span>efinancement des emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0<span class=\"_ _8\"></span> long terme. La Dir<span class=\"_ _1\"></span>ection s'attend \u00e0 c<span class=\"_ _1\"></span>e que les remboursements obligatoir<span class=\"_ _1\"></span>es de facilit\u00e9s bancaires soient eff<span class=\"_ _1\"></span>ectu\u00e9s<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec des flux de tr\u00e9sorerie op\u00e9r<span class=\"_ _1\"></span>ationnels ou des lignes de cr\u00e9dit actuellement non utilis\u00e9es et confirm\u00e9es. En ce qui concerne le financ<span class=\"_ _1\"></span>ement d\u2019activit\u00e9s ax\u00e9es sur des pr<span class=\"_ _1\"></span>ojets, les filiales de Cenergy Holdings ont obtenu les f<span class=\"_ _1\"></span>onds<span class=\"_ _8\"></span> n\u00e9cessair<span class=\"_ _1\"></span>es par le biais de facilit\u00e9s de financement de pr<span class=\"_ _1\"></span>ojets.<span class=\"_ _8\"></span> Les hypoth\u00e8ques en f<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>eur des banques ont \u00e9t\u00e9 enregistr\u00e9es sur les biens immobiliers, les installations et les \u00e9quipements des filiales. La valeur c<span class=\"_ _1\"></span>omptable des actifs hypoth\u00e9qu\u00e9s est de 49 millions d\u2019<span class=\"_ _1\"></span>euros. Dans les contr<span class=\"_ _1\"></span>ats d\u2019<span class=\"_ _1\"></span>emprunts bancaires des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings, il existe des clauses de changement de contr\u00f4le qui acc<span class=\"_ _1\"></span>ordent aux pr\u00eateurs un dr<span class=\"_ _1\"></span>oit de remboursement anticip\u00e9. Aucun incident eu \u00e9gar<span class=\"_ _1\"></span>d \u00e0 un non-respect des conditions des emprunts souscrits par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ne s\u2019<span class=\"_ _1\"></span>est produit en 20<span class=\"_ _1\"></span>22.<span class=\"_ _8\"></span> B. Rapprochement des v<span class=\"_ _1\"></span>ariations des passifs et de flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s de financement  <span class=\"_ _4b\"> </span> <span class=\"_ _3b\"> </span>2022 <span class=\"_ _b3\"> </span> <span class=\"_ _108\"> </span> 2021 <span class=\"_ _f0\"> </span> <span class=\"_ _217\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d8\"> </span>Emprunts  et dettes financi\u00e8res  Obligations locatives   T<span class=\"_ _0\"></span>otal Emprunts et dettes  financi\u00e8res Obligationslocativ<span class=\"_ _1\"></span>es T<span class=\"_ _0\"></span>otal Solde au 1 janvier <span class=\"_ _f8\"> </span>390.640 <span class=\"_ _43\"> </span>3.296 <span class=\"_ _96\"> </span>393.935 <span class=\"_ _b2\"> </span>406.217 <span class=\"_ _44\"> </span>5.433 <span class=\"_ _b3\"> </span>411.650 V<span class=\"_ _1\"></span>ariations des flux de tr\u00e9sorerie  de financement <span class=\"_ _1a4\"> </span>  <span class=\"_ _a1\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _213\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _1cc\"> </span> <span class=\"_ _0\"></span><span class=\"ff19\"> </span> Produit des nouv<span class=\"_ _1\"></span>eaux emprunts <span class=\"_ _5e\"> </span>2<span class=\"_ _1\"></span>45.631 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">245.631</span> <span class=\"_ _1a5\"> </span>89.315 <span class=\"_ _18f\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">89<span class=\"_ _1\"></span>.315</span> Remboursement des emprunts <span class=\"_ _5e\"> </span>(38.533) <span class=\"_ _1f5\"> </span>-  <span class=\"_ _5f\"> </span><span class=\"ff18\">(38.533)</span> <span class=\"_ _67\"> </span>(108.104) <span class=\"_ _18f\"> </span>-  <span class=\"_ _20\"> </span><span class=\"ff18\">(108.104)</span> Principaux \u00e9l\u00e9ments des paiements  de location <span class=\"_ _136\"> </span>-  <span class=\"_ _1b0\"> </span>(1.299) <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.299)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _9d\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _96\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>47)</span> T<span class=\"_ _0\"></span>otal des variations des flux de  tr\u00e9sorerie de financement <span class=\"_ _110\"> </span>207<span class=\"_ _0\"></span>.098 <span class=\"_ _4f\"> </span>(1.299) <span class=\"_ _7d\"> </span>205.799 <span class=\"_ _44\"> </span>(18.789) <span class=\"_ _f4\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _a9\"> </span>(20.536) Autres v<span class=\"_ _1\"></span>ariations : <span class=\"_ _d0\"> </span> <span class=\"_ _4\"> </span>  <span class=\"_ _6a\"> </span>   Nouveaux c<span class=\"_ _1\"></span>ontrats de location <span class=\"_ _1ff\"> </span>-  <span class=\"_ _10e\"> </span>1.597 <span class=\"_ _a4\"> </span><span class=\"ff18\">1.597</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _33\"> </span>909 <span class=\"_ _ab\"> </span><span class=\"ff18\">909</span> Effet des v<span class=\"_ _1\"></span>ariations des taux de change 145 <span class=\"_ _4d\"> </span>25 <span class=\"_ _106\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>70</span><span class=\"wsa4\"> (75) <span class=\"_ _7\"></span>6 <span class=\"_ _23a\"></span><span class=\"ff18 ws1\">(70)</span></span> Co\u00fbts d'emprunt capitalis\u00e9s <span class=\"_ _cd\"> </span>344 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">344</span> <span class=\"_ _1a3\"> </span>522 <span class=\"_ _18f\"> </span>-  <span class=\"_ _44\"> </span><span class=\"ff18 ls55 ws67\">522</span> Charges d\u2019int\u00e9r\u00eat <span class=\"_ _125\"> </span>19.203 <span class=\"_ _1e\"> </span>226 <span class=\"_ _67\"> </span><span class=\"ff18\">19.429</span><span class=\"wsa5\"> <span class=\"_ _8\"></span>16.379 20<span class=\"_ _1\"></span>7 <span class=\"_ _23b\"></span><span class=\"ff18 ws1\">16.585</span></span> Int\u00e9r\u00eats vers\u00e9s <span class=\"_ _189\"> </span>(15.520) <span class=\"_ _10e\"> </span>(226) <span class=\"_ _96\"> </span><span class=\"ff18\">(15.7<span class=\"_ _0\"></span>46)<span class=\"ff19 wsa6\"> (14.288) (207) <span class=\"_ _23c\"></span><span class=\"ff18 ws1\">(14.495)</span></span></span> Cessations d'emploi <span class=\"_ _23d\"> </span>-  <span class=\"_ _7f\"> </span>(192) <span class=\"_ _34\"> </span><span class=\"ff18\">(192)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _b2\"> </span>(173) <span class=\"_ _21\"> </span><span class=\"ff18\">(173)</span> Modifications <span class=\"_ _1d9\"> </span>-  <span class=\"_ _3d\"> </span>31 <span class=\"_ _1d\"> </span><span class=\"ff18\">31</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _65\"> </span>-  <span class=\"_ _27\"> </span><span class=\"ff18\">- </span> Autre mouv<span class=\"_ _1\"></span>ement  <span class=\"_ _1df\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span> <span class=\"_ _1b3\"> </span>(459) <span class=\"_ _18f\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff18\">(459)</span> Reclassifications <span class=\"_ _195\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span><span class=\"wsa7\"> <span class=\"_ _85\"> </span>1.132 (1.<span class=\"_ _1\"></span>132) <span class=\"_ _ac\"> </span><span class=\"ff18 ws1\">- </span></span> <span class=\"_ _136\"> </span>4.172 <span class=\"_ _226\"> </span>1.460 <span class=\"_ _9\"> </span>5.632 <span class=\"_ _91\"> </span>3.212 <span class=\"_ _3\"> </span>(391) 2.821 Solde au 31 d\u00e9cembre <span class=\"_ _be\"> </span>601.909 <span class=\"_ _7f\"> </span>3.457 <span class=\"_ _7e\"> </span>605.366 <span class=\"_ _1da\"> </span>390.640 <span class=\"_ _44\"> </span>3.296 <span class=\"_ _28\"> </span>393.935",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-273-4": {
   "value": "26. DetteA. Aper\u00e7u  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Passifs non cour<span class=\"_ _1\"></span>ants <span class=\"_ _22c\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _151\"> </span>3.530 <span class=\"_ _d5\"> </span>5.791 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22d\"> </span>-  <span class=\"_ _145\"> </span>5.219 Emprunts obligataires gar<span class=\"_ _1\"></span>antis <span class=\"_ _1e2\"> </span>32.<span class=\"_ _1\"></span>427 <span class=\"_ _e9\"> </span>35.698 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _22e\"> </span>91.204 <span class=\"_ _c3\"> </span>128.233 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - long t<span class=\"_ _1\"></span>erme <span class=\"_ _22f\"> </span>127<span class=\"_ _0\"></span>.161 <span class=\"_ _c3\"> </span>17<span class=\"_ _1\"></span>4.941</span> Obligations locativ<span class=\"_ _1\"></span>es - long terme <span class=\"_ _230\"> </span>2.233 <span class=\"_ _231\"> </span>2.080 T<span class=\"_ _0\"></span>otal dette \u00e0 long terme <span class=\"_ _232\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020 Passifs cour<span class=\"_ _1\"></span>ants <span class=\"_ _222\"> </span> <span class=\"_ _218\"> </span>  Emprunts bancaires gar<span class=\"_ _1\"></span>antis <span class=\"_ _233\"> </span>8.454 <span class=\"_ _145\"> </span>5.47<span class=\"_ _1\"></span>0 Affactur<span class=\"_ _1\"></span>age av<span class=\"_ _1\"></span>ec recours <span class=\"_ _20c\"> </span>14.638 <span class=\"_ _b6\"> </span>7<span class=\"_ _1\"></span>.931 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis <span class=\"_ _8e\"> </span>36<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.567 <span class=\"_ _bb\"> </span>170<span class=\"_ _1\"></span>.796 Emprunts obligataires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _18b\"> </span>4.358 <span class=\"_ _186\"> </span>4.385 Emprunts obligataires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _4c\"> </span>7<span class=\"_ _8\"></span>1.809 <span class=\"_ _b7\"> </span>18.326 Emprunts bancaires gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _234\"> </span>2.651 <span class=\"_ _145\"> </span>3.058 Emprunts bancaires non gar<span class=\"_ _1\"></span>antis - part courant<span class=\"_ _1\"></span>e <span class=\"_ _14a\"> </span>5.27<span class=\"_ _1\"></span>3 <span class=\"_ _13f\"> </span>5.733 <span class=\"ff18\">Emprunts et dettes financi\u00e8res - c<span class=\"_ _1\"></span>ourt terme <span class=\"_ _183\"> </span>4<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4.7<span class=\"_ _0\"></span>49 <span class=\"_ _cd\"> </span>215.6<span class=\"_ _1\"></span>99</span> Obligations locativ<span class=\"_ _1\"></span>es - court terme <span class=\"_ _235\"> </span>1.224 <span class=\"_ _b6\"> </span>1.216 T<span class=\"_ _0\"></span>otal dette \u00e0 court terme <span class=\"_ _236\"> </span>47<span class=\"_ _1\"></span>5.972 <span class=\"_ _c3\"> </span>216.915 T<span class=\"_ _0\"></span>otal de la dette <span class=\"_ _237\"> </span>605.366 <span class=\"_ _10a\"> </span>393.935Des informations sur l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition au risque de taux d\u2019int\u00e9r\u00eat, de change et de liquidit\u00e9 des soci\u00e9t\u00e9s de Cenergy Holdings sont pr\u00e9sent\u00e9es \u00e0 la note 30<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Les \u00e9ch\u00e9ances des emprunts non c<span class=\"_ _1\"></span>ourants sont les suiv<span class=\"_ _1\"></span>antes : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Entre 1 et 2 ans <span class=\"_ _194\"> </span>30.6<span class=\"_ _1\"></span>73 <span class=\"_ _141\"> </span>78.<span class=\"_ _1\"></span>110 Entre 2 et 5 ans <span class=\"_ _238\"> </span>89.593 <span class=\"_ _d7\"> </span>71.193 Plus de 5 ans <span class=\"_ _239\"> </span>9.<span class=\"_ _1\"></span>128 <span class=\"_ _141\"> </span>27<span class=\"_ _0\"></span>.717 T<span class=\"_ _0\"></span>otal <span class=\"_ _da\"> </span>129.393 <span class=\"_ _cd\"> </span>177<span class=\"_ _0\"></span>.020Les taux d\u2019int\u00e9r\u00eat mo<span class=\"_ _1\"></span>yens pond\u00e9r\u00e9s effectifs des principales cat\u00e9gories d\u2019<span class=\"_ _1\"></span>emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res \u00e0 la date de cl\u00f4ture sont les suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span>  <span class=\"_ _148\"> </span>31 d\u00e9cembre 2022 <span class=\"_ _ea\"> </span>31 d\u00e9cembre 2021 Montants en milliers d'euros <span class=\"_ _18f\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _53\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat <span class=\"_ _67\"> </span>V<span class=\"_ _1\"></span>aleur comptable <span class=\"_ _b1\"> </span>T<span class=\"_ _0\"></span>aux d'int\u00e9r\u00eat Pr\u00eats bancaires (non c<span class=\"_ _1\"></span>ourants) - EUR <span class=\"_ _213\"> </span>3.530 <span class=\"_ _19f\"> </span>2,9 % <span class=\"_ _b7\"> </span>11.010 <span class=\"_ _14c\"> </span>2,8 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - EUR <span class=\"_ _be\"> </span>393.297 <span class=\"_ _1a9\"> </span>4,6 % <span class=\"_ _d0\"> </span>190.3<span class=\"_ _1\"></span>75 <span class=\"_ _14c\"> </span>3,4 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - GBP <span class=\"_ _1ae\"> </span>-  <span class=\"_ _b9\"> </span>-  <span class=\"_ _119\"> </span>1 <span class=\"_ _1d2\"> </span>3,0 % Pr\u00eats bancaires (<span class=\"_ _1\"></span>courant) - R<span class=\"_ _1\"></span>ON <span class=\"_ _132\"> </span>5.285 <span class=\"_ _19f\"> </span>9,7 % <span class=\"_ _141\"> </span>2.613 <span class=\"_ _1dd\"> </span>3,8 % Emprunts obligataires - EUR <span class=\"_ _129\"> </span>199.<span class=\"_ _1\"></span>798 <span class=\"_ _19f\"> </span>4,7 % <span class=\"_ _143\"> </span>186.641 <span class=\"_ _14c\"> </span>3,8 %En 2022, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont obtenu de nouv<span class=\"_ _1\"></span>eaux pr\u00eats bancaires, qui s\u2019\u00e9lev<span class=\"_ _1\"></span>aient \u00e0 245,6 millions d\u2019<span class=\"_ _1\"></span>euros et ont r<span class=\"_ _1\"></span>embours\u00e9 des pr\u00eats bancaires de 38,5 millions d\u2019<span class=\"_ _1\"></span>euros arriv<span class=\"_ _1\"></span>ant \u00e0 \u00e9ch\u00e9ance durant l\u2019<span class=\"_ _1\"></span>ann\u00e9e. Les nouveaux emprunts sont principalement : (a) les pr\u00e9l\u00e8v<span class=\"_ _1\"></span>ements de lignes de cr\u00e9dit renouv<span class=\"_ _1\"></span>elables exis<span class=\"_ _1\"></span>tantes et de nouvelles lignes de cr\u00e9dit a<span class=\"_ _1\"></span>yant des c<span class=\"_ _1\"></span>onditions similaires ; (b) les f<span class=\"_ _1\"></span>acilit\u00e9s de financement de projet, et (<span class=\"_ _1\"></span>c) quatr<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> nouveaux emprunts \u00e0 long t<span class=\"_ _1\"></span>erme, d\u00e9crits ci-dessous. Les emprunts et dett<span class=\"_ _1\"></span>es financi\u00e8res av<span class=\"_ _1\"></span>aient un taux d\u2019int\u00e9r\u00eat<span class=\"_ _8\"></span> effectif mo<span class=\"_ _1\"></span>yen de 4,<span class=\"_ _1\"></span>7 % (2021 : 3,6 %), \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e.<span class=\"_ _8\"></span> En 2022, le Gr<span class=\"_ _1\"></span>oupe a obtenu les pr\u00eats \u00e0 long terme suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span> Le segment C\u00e2bles a \u00e9mis tr<span class=\"_ _1\"></span>ois emprunts obligataires d\u2019une v<span class=\"_ _1\"></span>aleur totale de 27 millions d\u2019<span class=\"_ _1\"></span>euros c<span class=\"_ _1\"></span>omme suit:<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>F<span class=\"_ _1\"></span>ulgor a conclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une banque grecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e de 5 millions d'euros a<span class=\"_ _1\"></span>vec une dur\u00e9e initiale de 5 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire de 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir les besoins de d\u00e9penses en capital. \u2022 <span class=\"_ _20\"> </span>Hellenic Cables a c<span class=\"_ _1\"></span>onclu un autre acc<span class=\"_ _1\"></span>ord av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque pour un pr\u00eat obligatair<span class=\"_ _1\"></span>e \u00e0 7 ans<span class=\"_ _8\"></span> de 15 millions d\u2019<span class=\"_ _1\"></span>euros pour couvrir un f<span class=\"_ _1\"></span>onds de roulement cons<span class=\"_ _1\"></span>tant.<span class=\"_ _8\"></span> - <span class=\"_ _6a\"> </span>Le segment T<span class=\"_ _0\"></span>ubes d\u2019acier a \u00e9mis un emprunt obligatair<span class=\"_ _1\"></span>e d'une valeur t<span class=\"_ _1\"></span>otale de 7 millions d\u2019eur<span class=\"_ _1\"></span>os :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks a c<span class=\"_ _1\"></span>onclu un accor<span class=\"_ _1\"></span>d av<span class=\"_ _1\"></span>ec une grande banque grec<span class=\"_ _1\"></span>que pour un emprunt obligataire \u00e0 7 ans de 7 millions d\u2019<span class=\"_ _1\"></span>euros. T<span class=\"_ _0\"></span>ous les emprunts obligatair<span class=\"_ _1\"></span>es \u00e0 long terme ci-dessus sont enti\u00e8rement pr\u00e9le<span class=\"_ _1\"></span>v\u00e9s. En outre<span class=\"_ _1\"></span>, Fulgor a conv<span class=\"_ _1\"></span>enu av<span class=\"_ _1\"></span>ec une grande banque gr<span class=\"_ _1\"></span>ecque d'un pr\u00eat obligataire de 19 millions d'eur<span class=\"_ _1\"></span>os av<span class=\"_ _1\"></span>ec une<span class=\"_ _8\"></span> dur\u00e9e initiale de 7 ans \u00e0 compter de la da<span class=\"_ _1\"></span>te de signature<span class=\"_ _1\"></span>. Le 31 d\u00e9cembre 20<span class=\"_ _1\"></span>22, un montant \u00e9gal a \u00e9t\u00e9 re\u00e7u par la banque en tant que \u00ab financement interm\u00e9diair<span class=\"_ _1\"></span>e \u00bb et pr\u00e9sent\u00e9 en tant que pr\u00eat \u00e0 court terme<span class=\"_ _1\"></span>. L'accor<span class=\"_ _1\"></span>d de pr\u00eat<span class=\"_ _8\"></span> obligataire de<span class=\"_ _1\"></span>vrait \u00eatr<span class=\"_ _1\"></span>e sign\u00e9 au cours des premiers mois de 20<span class=\"_ _1\"></span>23, \u00e0 la fin des n\u00e9gociations pertinentes. Les facilit\u00e9s \u00e0 c<span class=\"_ _1\"></span>ourt terme sont principalement des facilit\u00e9s de cr\u00e9dit r<span class=\"_ _1\"></span>enouvelables, qui financent les besoins en fonds de r<span class=\"_ _1\"></span>oulement et des projets sp\u00e9cifiques en cours et nouv<span class=\"_ _1\"></span>eaux.<span class=\"_ _8\"></span> Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le passif \u00e0 court t<span class=\"_ _1\"></span>erme consolid\u00e9 de Cener<span class=\"_ _1\"></span>gy Holdings d\u00e9passait de 85,8 millions d\u2019<span class=\"_ _1\"></span>euros l\u2019actif \u00e0 c<span class=\"_ _1\"></span>ourt terme consolid\u00e9 (31 d\u00e9cembr<span class=\"_ _1\"></span>e 2021 : 38,2 millions d'euros<span class=\"_ _1\"></span>). N\u00e9anmoins, les filiales de Cenergy Holdings n\u2019<span class=\"_ _1\"></span>ont jamais connu dans le pass\u00e9 de pr<span class=\"_ _1\"></span>obl\u00e8mes de financement de leurs activit\u00e9s, de renouv<span class=\"_ _1\"></span>ellement de<span class=\"_ _8\"></span> leurs lignes couvr<span class=\"_ _1\"></span>ant les besoins en fonds de roulement ou de r<span class=\"_ _1\"></span>efinancement des emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es \u00e0<span class=\"_ _8\"></span> long terme. La Dir<span class=\"_ _1\"></span>ection s'attend \u00e0 c<span class=\"_ _1\"></span>e que les remboursements obligatoir<span class=\"_ _1\"></span>es de facilit\u00e9s bancaires soient eff<span class=\"_ _1\"></span>ectu\u00e9s<span class=\"_ _8\"></span> av<span class=\"_ _1\"></span>ec des flux de tr\u00e9sorerie op\u00e9r<span class=\"_ _1\"></span>ationnels ou des lignes de cr\u00e9dit actuellement non utilis\u00e9es et confirm\u00e9es. En ce qui concerne le financ<span class=\"_ _1\"></span>ement d\u2019activit\u00e9s ax\u00e9es sur des pr<span class=\"_ _1\"></span>ojets, les filiales de Cenergy Holdings ont obtenu les f<span class=\"_ _1\"></span>onds<span class=\"_ _8\"></span> n\u00e9cessair<span class=\"_ _1\"></span>es par le biais de facilit\u00e9s de financement de pr<span class=\"_ _1\"></span>ojets.<span class=\"_ _8\"></span> Les hypoth\u00e8ques en f<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>eur des banques ont \u00e9t\u00e9 enregistr\u00e9es sur les biens immobiliers, les installations et les \u00e9quipements des filiales. La valeur c<span class=\"_ _1\"></span>omptable des actifs hypoth\u00e9qu\u00e9s est de 49 millions d\u2019<span class=\"_ _1\"></span>euros. Dans les contr<span class=\"_ _1\"></span>ats d\u2019<span class=\"_ _1\"></span>emprunts bancaires des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings, il existe des clauses de changement de contr\u00f4le qui acc<span class=\"_ _1\"></span>ordent aux pr\u00eateurs un dr<span class=\"_ _1\"></span>oit de remboursement anticip\u00e9. Aucun incident eu \u00e9gar<span class=\"_ _1\"></span>d \u00e0 un non-respect des conditions des emprunts souscrits par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ne s\u2019<span class=\"_ _1\"></span>est produit en 20<span class=\"_ _1\"></span>22.<span class=\"_ _8\"></span> B. Rapprochement des v<span class=\"_ _1\"></span>ariations des passifs et de flux de tr\u00e9sorerie li\u00e9s aux activit\u00e9s de financement  <span class=\"_ _4b\"> </span> <span class=\"_ _3b\"> </span>2022 <span class=\"_ _b3\"> </span> <span class=\"_ _108\"> </span> 2021 <span class=\"_ _f0\"> </span> <span class=\"_ _217\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d8\"> </span>Emprunts  et dettes financi\u00e8res  Obligations locatives   T<span class=\"_ _0\"></span>otal Emprunts et dettes  financi\u00e8res Obligationslocativ<span class=\"_ _1\"></span>es T<span class=\"_ _0\"></span>otal Solde au 1 janvier <span class=\"_ _f8\"> </span>390.640 <span class=\"_ _43\"> </span>3.296 <span class=\"_ _96\"> </span>393.935 <span class=\"_ _b2\"> </span>406.217 <span class=\"_ _44\"> </span>5.433 <span class=\"_ _b3\"> </span>411.650 V<span class=\"_ _1\"></span>ariations des flux de tr\u00e9sorerie  de financement <span class=\"_ _1a4\"> </span>  <span class=\"_ _a1\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _213\"> </span>  <span class=\"_ _af\"> </span>  <span class=\"_ _1cc\"> </span> <span class=\"_ _0\"></span><span class=\"ff19\"> </span> Produit des nouv<span class=\"_ _1\"></span>eaux emprunts <span class=\"_ _5e\"> </span>2<span class=\"_ _1\"></span>45.631 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">245.631</span> <span class=\"_ _1a5\"> </span>89.315 <span class=\"_ _18f\"> </span>-  <span class=\"_ _7d\"> </span><span class=\"ff18\">89<span class=\"_ _1\"></span>.315</span> Remboursement des emprunts <span class=\"_ _5e\"> </span>(38.533) <span class=\"_ _1f5\"> </span>-  <span class=\"_ _5f\"> </span><span class=\"ff18\">(38.533)</span> <span class=\"_ _67\"> </span>(108.104) <span class=\"_ _18f\"> </span>-  <span class=\"_ _20\"> </span><span class=\"ff18\">(108.104)</span> Principaux \u00e9l\u00e9ments des paiements  de location <span class=\"_ _136\"> </span>-  <span class=\"_ _1b0\"> </span>(1.299) <span class=\"_ _9d\"> </span><span class=\"ff18\">(1.299)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _9d\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _96\"> </span><span class=\"ff18\">(1.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>47)</span> T<span class=\"_ _0\"></span>otal des variations des flux de  tr\u00e9sorerie de financement <span class=\"_ _110\"> </span>207<span class=\"_ _0\"></span>.098 <span class=\"_ _4f\"> </span>(1.299) <span class=\"_ _7d\"> </span>205.799 <span class=\"_ _44\"> </span>(18.789) <span class=\"_ _f4\"> </span>(1.7<span class=\"_ _0\"></span>47) <span class=\"_ _a9\"> </span>(20.536) Autres v<span class=\"_ _1\"></span>ariations : <span class=\"_ _d0\"> </span> <span class=\"_ _4\"> </span>  <span class=\"_ _6a\"> </span>   Nouveaux c<span class=\"_ _1\"></span>ontrats de location <span class=\"_ _1ff\"> </span>-  <span class=\"_ _10e\"> </span>1.597 <span class=\"_ _a4\"> </span><span class=\"ff18\">1.597</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _33\"> </span>909 <span class=\"_ _ab\"> </span><span class=\"ff18\">909</span> Effet des v<span class=\"_ _1\"></span>ariations des taux de change 145 <span class=\"_ _4d\"> </span>25 <span class=\"_ _106\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>70</span><span class=\"wsa4\"> (75) <span class=\"_ _7\"></span>6 <span class=\"_ _23a\"></span><span class=\"ff18 ws1\">(70)</span></span> Co\u00fbts d'emprunt capitalis\u00e9s <span class=\"_ _cd\"> </span>344 <span class=\"_ _1f5\"> </span>-  <span class=\"_ _7f\"> </span><span class=\"ff18\">344</span> <span class=\"_ _1a3\"> </span>522 <span class=\"_ _18f\"> </span>-  <span class=\"_ _44\"> </span><span class=\"ff18 ls55 ws67\">522</span> Charges d\u2019int\u00e9r\u00eat <span class=\"_ _125\"> </span>19.203 <span class=\"_ _1e\"> </span>226 <span class=\"_ _67\"> </span><span class=\"ff18\">19.429</span><span class=\"wsa5\"> <span class=\"_ _8\"></span>16.379 20<span class=\"_ _1\"></span>7 <span class=\"_ _23b\"></span><span class=\"ff18 ws1\">16.585</span></span> Int\u00e9r\u00eats vers\u00e9s <span class=\"_ _189\"> </span>(15.520) <span class=\"_ _10e\"> </span>(226) <span class=\"_ _96\"> </span><span class=\"ff18\">(15.7<span class=\"_ _0\"></span>46)<span class=\"ff19 wsa6\"> (14.288) (207) <span class=\"_ _23c\"></span><span class=\"ff18 ws1\">(14.495)</span></span></span> Cessations d'emploi <span class=\"_ _23d\"> </span>-  <span class=\"_ _7f\"> </span>(192) <span class=\"_ _34\"> </span><span class=\"ff18\">(192)</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _b2\"> </span>(173) <span class=\"_ _21\"> </span><span class=\"ff18\">(173)</span> Modifications <span class=\"_ _1d9\"> </span>-  <span class=\"_ _3d\"> </span>31 <span class=\"_ _1d\"> </span><span class=\"ff18\">31</span> <span class=\"_ _ca\"> </span>-  <span class=\"_ _65\"> </span>-  <span class=\"_ _27\"> </span><span class=\"ff18\">- </span> Autre mouv<span class=\"_ _1\"></span>ement  <span class=\"_ _1df\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span> <span class=\"_ _1b3\"> </span>(459) <span class=\"_ _18f\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff18\">(459)</span> Reclassifications <span class=\"_ _195\"> </span>- <span class=\"_ _1f5\"> </span>- <span class=\"_ _18f\"> </span><span class=\"ff18\">-</span><span class=\"wsa7\"> <span class=\"_ _85\"> </span>1.132 (1.<span class=\"_ _1\"></span>132) <span class=\"_ _ac\"> </span><span class=\"ff18 ws1\">- </span></span> <span class=\"_ _136\"> </span>4.172 <span class=\"_ _226\"> </span>1.460 <span class=\"_ _9\"> </span>5.632 <span class=\"_ _91\"> </span>3.212 <span class=\"_ _3\"> </span>(391) 2.821 Solde au 31 d\u00e9cembre <span class=\"_ _be\"> </span>601.909 <span class=\"_ _7f\"> </span>3.457 <span class=\"_ _7e\"> </span>605.366 <span class=\"_ _1da\"> </span>390.640 <span class=\"_ _44\"> </span>3.296 <span class=\"_ _28\"> </span>393.935C. Gestion du risque financier Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de cr\u00e9dit, de liquidit\u00e9 et de march\u00e9 d\u00e9c<span class=\"_ _1\"></span>oulant de<span class=\"_ _8\"></span> l\u2019utilisation de ses instruments financiers. La pr\u00e9sente not<span class=\"_ _1\"></span>e donne des informations sur leur e<span class=\"_ _1\"></span>xposition \u00e0 chacun des<span class=\"_ _8\"></span> risques ci-dessus, leurs objectifs, la politique et les pr<span class=\"_ _1\"></span>oc\u00e9dures en mati\u00e8r<span class=\"_ _1\"></span>e d\u2019estima<span class=\"_ _1\"></span>tion et de gestion des risques,<span class=\"_ _8\"></span> ainsi que la gestion du capital de Cener<span class=\"_ _1\"></span>gy Holdings (note 25). Des politiques de gestion des risques sont appliqu\u00e9es pour identifier et analyser les risques aux<span class=\"_ _1\"></span>quels Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings et ses entreprises sont c<span class=\"_ _1\"></span>onfront\u00e9s, d\u00e9finir des limites de prise de risques et appliquer des s<span class=\"_ _1\"></span>yst\u00e8mes de contr\u00f4le pertinents. Les politiques et les s<span class=\"_ _1\"></span>yst\u00e8mes pertinents en mati\u00e8r<span class=\"_ _1\"></span>e de gestion des risques sont ex<span class=\"_ _1\"></span>amin\u00e9s \u00e0<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>occasion afin de prendr<span class=\"_ _1\"></span>e en consid\u00e9r<span class=\"_ _1\"></span>ation toutes les v<span class=\"_ _1\"></span>ariations du march\u00e9 et des activit\u00e9s des soci\u00e9t\u00e9s. La mise en \u0153uvre des politiques et des pr<span class=\"_ _1\"></span>oc\u00e9dures de gestion des risques es<span class=\"_ _1\"></span>t surveill\u00e9e par la fonction de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> interne, qui eff<span class=\"_ _1\"></span>ectue des v\u00e9rifications r\u00e9currentes et non r\u00e9curr<span class=\"_ _1\"></span>entes, tandis que les r\u00e9sultats de ces v\u00e9rifica<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> sont notifi\u00e9s au conseil d'administr<span class=\"_ _1\"></span>ation. Exposition au risque de liquidit\u00e9 Les passifs financiers et les instruments d\u00e9riv\u00e9s bas\u00e9s sur des \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es contractuelles sont v<span class=\"_ _1\"></span>entil\u00e9s comme suit :31/12/2022 <span class=\"_ _154\"> </span>Flux de tr\u00e9sorerie contr<span class=\"_ _1\"></span>actuels <span class=\"_ _104\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0  1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _0\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>402.<span class=\"_ _1\"></span>112<span class=\"ff19 wsb1\"> 402.691 <span class=\"_ _ac\"> </span>531 <span class=\"_ _6a\"> </span>956 <span class=\"_ _226\"> </span>26 <span class=\"_ _260\"></span><span class=\"ff18 ws60\">404.204</span></span> Obligations \u00e9mises <span class=\"_ _167\"> </span>199.<span class=\"_ _1\"></span>798<span class=\"ff19 wsb2\"> <span class=\"_ _fc\"> </span>80.891 <span class=\"_ _2b\"> </span>32.778 <span class=\"_ _4\"> </span>93.610 9.<span class=\"_ _1\"></span>487 <span class=\"_ _18\"></span><span class=\"ff18 ws60\">216.<span class=\"_ _1\"></span>766</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _259\"> </span><span class=\"ff18 ws60\">3.457</span><span class=\"wsb3\"> <span class=\"_ _2\"> </span>1.625 <span class=\"_ _5\"> </span>796 1.<span class=\"_ _1\"></span>126 <span class=\"_ _8a\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">3.547</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _242\"> </span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span><span class=\"wsb5\"> 10.7<span class=\"_ _1\"></span>90 <span class=\"_ _f6\"> </span>- <span class=\"_ _85\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span></span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _9d\"> </span><span class=\"ff18 ws60\">541.181</span><span class=\"wsb6\"> 54<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>181 <span class=\"_ _b3\"> </span>- <span class=\"_ _a8\"> </span>- <span class=\"_ _fc\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 ws60\">541.<span class=\"_ _1\"></span>181</span></span>  <span class=\"_ _217\"> </span>1.<span class=\"_ _1\"></span>157<span class=\"_ _0\"></span>.337 <span class=\"_ _1d7\"> </span>1.03<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>178 <span class=\"_ _a4\"> </span>34.<span class=\"_ _1\"></span>104 <span class=\"_ _1b0\"> </span>95.693 <span class=\"_ _21\"> </span>9.512 <span class=\"_ _ec\"> </span>1.17<span class=\"_ _1\"></span>6.48731/12/2021 <span class=\"_ _d1\"> </span>Flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels <span class=\"_ _58\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0 1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _1\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>203.998<span class=\"ff19 wsb8\"> 19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.271 <span class=\"_ _106\"> </span>9.057 3.269 <span class=\"_ _24\"> </span>128 <span class=\"_ _23c\"></span><span class=\"ff18 ws60\">209.7<span class=\"_ _1\"></span>25</span></span> Obligations \u00e9mises <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">186.641</span><span class=\"wsb9\"> <span class=\"_ _2c\"> </span>28.065 <span class=\"_ _fc\"> </span>75.683 <span class=\"_ _3\"> </span>76.230 28.4<span class=\"_ _1\"></span>13 <span class=\"_ _2f\"></span><span class=\"ff18 ws60\">208.391</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">3.296</span><span class=\"wsba\"> <span class=\"_ _26\"> </span>1.665 1.046 <span class=\"_ _3b\"> </span>756 <span class=\"_ _52\"> </span>- <span class=\"_ _19\"></span><span class=\"ff18 ws60\">3.467</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _ea\"> </span><span class=\"ff18 ws60\">2.596</span><span class=\"wsbb\"> 2.596 <span class=\"_ _29\"> </span>- <span class=\"_ _97\"> </span>- <span class=\"_ _8a\"> </span>- <span class=\"_ _262\"></span><span class=\"ff18 ws60\">2.596<span class=\"ff19 ls6 ws1\"> </span></span></span>Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _1d7\"> </span>417<span class=\"_ _0\"></span>.557<span class=\"ff19 wsbc\"> 417<span class=\"_ _0\"></span>.557 <span class=\"_ _53\"> </span>- <span class=\"_ _f6\"> </span>- <span class=\"_ _a7\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">417<span class=\"_ _0\"></span>.557</span></span>  <span class=\"_ _45\"> </span>814.089 <span class=\"_ _4f\"> </span>647<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>154 <span class=\"_ _a4\"> </span>85.7<span class=\"_ _1\"></span>85 <span class=\"_ _1b0\"> </span>80.256 <span class=\"_ _96\"> </span>28.542 <span class=\"_ _69\"> </span>84<span class=\"_ _1\"></span>1.736C.4. Risque li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>environnement macro-\u00e9c<span class=\"_ _1\"></span>onomique et financier<span class=\"_ _8\"></span> Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings suivent de pr\u00e8s et de f<span class=\"_ _1\"></span>a\u00e7on continue l\u2019\u00e9volution de l\u2019<span class=\"_ _1\"></span>envir<span class=\"_ _1\"></span>onnement international et national et adaptent en t<span class=\"_ _1\"></span>emps opportun leur strat\u00e9gie d\u2019<span class=\"_ _1\"></span>affaires et leurs politiques de gestion des risques afin de minimiser l\u2019impact des conditions macr<span class=\"_ _1\"></span>o\u00e9conomiques sur leurs op\u00e9rations. Impact du conflit en Ukr<span class=\"_ _1\"></span>aine<span class=\"_ _8\"></span> Le conflit en Ukr<span class=\"_ _1\"></span>aine a commenc\u00e9 en f\u00e9vrier 2022 et a pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>oqu\u00e9 une volatilit\u00e9 sur les mar<span class=\"_ _1\"></span>ch\u00e9s en augmentant la<span class=\"_ _8\"></span> probabilit\u00e9 de perturbations dans de nombr<span class=\"_ _1\"></span>euses parties de l\u2019\u00e9conomie mondiale.  Bien que son impact sur les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ne puisse \u00eatre enti\u00e8r<span class=\"_ _1\"></span>ement pr\u00e9dit \u00e0 l\u2019heure actuelle, l\u2019<span class=\"_ _1\"></span>exposition globale \u00e0 l\u2019Ukr<span class=\"_ _1\"></span>aine et \u00e0 la Russie est tr\u00e8s limit\u00e9e et les c<span class=\"_ _1\"></span>ons\u00e9quences commer<span class=\"_ _1\"></span>ciales n\u2019ont pas \u00e9t\u00e9 mat\u00e9rielles jusqu\u2019\u00e0 pr\u00e9sent, tandis que la m\u00eame chose est att<span class=\"_ _1\"></span>endue dans un avenir pr\u00e9visible<span class=\"_ _1\"></span>. Les vent<span class=\"_ _1\"></span>es sur ces march\u00e9s r<span class=\"_ _1\"></span>epr\u00e9sentent une part insignifiante du chiffre d\u2019<span class=\"_ _1\"></span>affaires t<span class=\"_ _1\"></span>otal (en<span class=\"_ _1\"></span>viron 0,5 % pour 20<span class=\"_ _1\"></span>22) et toute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus sera enti\u00e8r<span class=\"_ _1\"></span>ement compens\u00e9e par la<span class=\"_ _8\"></span> demande sur d\u2019autr<span class=\"_ _1\"></span>es march\u00e9s. T<span class=\"_ _3c\"></span>outes les re<span class=\"_ _1\"></span>venus pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant de ces march\u00e9s c<span class=\"_ _1\"></span>oncernent des contra<span class=\"_ _1\"></span>ts sign\u00e9s avant 2022, \u00e9tant donn\u00e9 qu\u2019aucun ac<span class=\"_ _1\"></span>cord de v<span class=\"_ _1\"></span>ente n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9 sign\u00e9 avec des clients situ\u00e9s dans c<span class=\"_ _1\"></span>es pays au c<span class=\"_ _1\"></span>ours de l\u2019ann\u00e9e 2022. En outre<span class=\"_ _1\"></span>, les entreprises de Cener<span class=\"_ _1\"></span>gy Holdings ont d\u00e9j\u00e0 pris des mesures pour d\u00e9placer l'appr<span class=\"_ _1\"></span>ovisionnement en mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant pr\u00e9c\u00e9demment de Russie v<span class=\"_ _1\"></span>ers d'autres march\u00e9s et pour at<span class=\"_ _1\"></span>t\u00e9nuer toute perturbation potentielle de leur cha\u00eene d'appr<span class=\"_ _1\"></span>ovisionnement. En ce qui c<span class=\"_ _1\"></span>oncerne le financement, les entr<span class=\"_ _1\"></span>eprises ne sont pas<span class=\"_ _8\"></span> expos\u00e9es aux banques rus<span class=\"_ _1\"></span>ses.<span class=\"_ _8\"></span> Enfin, sur le front de l'\u00e9ner<span class=\"_ _1\"></span>gie, le conflit en Ukr<span class=\"_ _1\"></span>aine a acc\u00e9l\u00e9r\u00e9 l'inflation des prix et les entreprises ont d\u00e9j\u00e0 pris des mesures d'at<span class=\"_ _1\"></span>t\u00e9nuation pour r\u00e9duire tout impact c<span class=\"_ _1\"></span>ommercial li\u00e9 au co\u00fbt de l'\u00e9ner<span class=\"_ _1\"></span>gie. Elles suivent la situa<span class=\"_ _1\"></span>tion de pr\u00e8s<span class=\"_ _8\"></span> et modifieront leur appr<span class=\"_ _1\"></span>oche si n\u00e9cessair<span class=\"_ _1\"></span>e pour garantir l'efficacit\u00e9 op\u00e9r<span class=\"_ _1\"></span>ationnelle.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C.5 Risques li\u00e9s au changement climatiqueLes filiales de Cener<span class=\"_ _1\"></span>gy Holdings reconnais<span class=\"_ _1\"></span>sent l\u2019importance de la transpar<span class=\"_ _1\"></span>ence conc<span class=\"_ _1\"></span>ernant les risques et les<span class=\"_ _8\"></span> opportunit\u00e9s li\u00e9s au climat pour maintenir la c<span class=\"_ _1\"></span>onfiance des parties prenant<span class=\"_ _1\"></span>es et permettre aux inv<span class=\"_ _1\"></span>estisseurs de mieux compr<span class=\"_ _1\"></span>endre la tr<span class=\"_ _1\"></span>ansition de l\u2019impact potentiel et les risques et opportunit\u00e9s physiques \u00e9manant du changement climatique. \u00c0 cet<span class=\"_ _1\"></span>te fin, Cenergy Holdings s\u2019<span class=\"_ _1\"></span>est engag\u00e9e \u00e0 \u00e9v<span class=\"_ _1\"></span>aluer la gra<span class=\"_ _1\"></span>vit\u00e9 potentielle des risques et les av<span class=\"_ _1\"></span>antages possibles des opportunit\u00e9s dans le but de prendr<span class=\"_ _1\"></span>e toutes les mesur<span class=\"_ _1\"></span>es n\u00e9cessair<span class=\"_ _1\"></span>es pour att\u00e9nuer<span class=\"_ _8\"></span> les impacts n\u00e9gatifs et maximiser les impacts positifs, et d\u2019adopt<span class=\"_ _1\"></span>er le cadre de la T<span class=\"_ _0\"></span>ask F<span class=\"_ _1\"></span>orce on Climat<span class=\"_ _1\"></span>e-related Financial Disclosures (T<span class=\"_ _1\"></span>CFD<span class=\"_ _1\"></span>) pour communiquer de mani\u00e8r<span class=\"_ _1\"></span>e transparent<span class=\"_ _1\"></span>e tous les risques et opportunit\u00e9s li\u00e9s au climat. Pour ce f<span class=\"_ _1\"></span>aire, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont r\u00e9alis\u00e9 une \u00e9valuation des risques et opportunit\u00e9s li\u00e9s au climat qui a port\u00e9 sur l\u2019<span class=\"_ _1\"></span>ensemble des actifs industriels et immobiliers. Les r\u00e9sultats d\u00e9taill\u00e9s de c<span class=\"_ _1\"></span>ette \u00e9valuation sont pr\u00e9sent\u00e9s au niveau des segments dans les inf<span class=\"_ _1\"></span>ormations non financi\u00e8res qui acc<span class=\"_ _1\"></span>ompagnent le rapport annuel.Le passage \u00e0 une \u00e9c<span class=\"_ _1\"></span>onomie \u00e0 faibles \u00e9missions de carbone n\u00e9cessit<span class=\"_ _1\"></span>e la prise en compte et la mise en \u0153uvr<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> certaines mesur<span class=\"_ _1\"></span>es. L\u2019<span class=\"_ _1\"></span>analyse a permis d\u2019identifier<span class=\"_ _1\"></span>, pour chaque segment d\u2019<span class=\"_ _1\"></span>activit\u00e9, les risques de transition et les risques phy<span class=\"_ _1\"></span>siques li\u00e9s au climat les plus importants, ainsi que les opportunit\u00e9s \u00e0 court, moy<span class=\"_ _1\"></span>en et long terme. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> risques de transition \u00e9v<span class=\"_ _1\"></span>alu\u00e9s sont li\u00e9s \u00e0 l\u2019\u00e9volution des politiques, des lois, des t<span class=\"_ _1\"></span>echnologies et des march\u00e9s en vue d\u2019att\u00e9nuer le changement clima<span class=\"_ _1\"></span>tique et de s\u2019y adapter<span class=\"_ _1\"></span>. Les mesur<span class=\"_ _1\"></span>es politiques relativ<span class=\"_ _1\"></span>es au changement climatique<span class=\"_ _8\"></span> continuent d\u2019\u00e9v<span class=\"_ _1\"></span>oluer<span class=\"_ _1\"></span>, les am\u00e9liora<span class=\"_ _1\"></span>tions technologiques ou les innov<span class=\"_ _1\"></span>ations qui soutiennent la transition v<span class=\"_ _1\"></span>ers un<span class=\"_ _8\"></span> sy<span class=\"_ _1\"></span>st\u00e8me \u00e9conomique \u00e0 faible \u00e9mission de carbone et \u00e0 haut r<span class=\"_ _1\"></span>endement \u00e9nerg\u00e9tique peuv<span class=\"_ _1\"></span>ent av<span class=\"_ _1\"></span>oir un impact<span class=\"_ _8\"></span> significatif sur les organisa<span class=\"_ _1\"></span>tions, tandis que les changements significatifs sur le march\u00e9, tels que la diminution de la demande de biens ou de services sp\u00e9cifiques ou la baisse des r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus li\u00e9e aux changements de comportement des clients, sont quelques ex<span class=\"_ _1\"></span>emples des implications qui peuv<span class=\"_ _1\"></span>ent avoir un impact sur le mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique et la<span class=\"_ _8\"></span> planification financi\u00e8re des filiales de C<span class=\"_ _1\"></span>energy Holdings. D\u2019autr<span class=\"_ _1\"></span>e part, les \u00e9v\u00e9nements m\u00e9t\u00e9orologiques e<span class=\"_ _1\"></span>xtr\u00eames<span class=\"_ _8\"></span> et les changements \u00e0 plus long terme dans les mod\u00e8les climatiques, t<span class=\"_ _1\"></span>els que la disponibilit\u00e9 limit\u00e9e de l\u2019eau et la chaleur extr\u00eame ou l\u2019\u00e9l\u00e9v<span class=\"_ _1\"></span>ation du niveau de la mer<span class=\"_ _0\"></span>, peuvent a<span class=\"_ _1\"></span>voir des impacts multiples et des implications financi\u00e8res pos<span class=\"_ _1\"></span>sibles pour le groupe Cener<span class=\"_ _1\"></span>gy Holdings.Les risques et opportunit\u00e9s susmentionn\u00e9s ont \u00e9t\u00e9 identifi\u00e9s et class\u00e9s sur une \u00e9chelle de f<span class=\"_ _1\"></span>aible, moy<span class=\"_ _1\"></span>en et \u00e9lev\u00e9, sur la base des impacts r\u00e9els et potentiels sur le mod\u00e8le \u00e9conomique<span class=\"_ _1\"></span>, les actifs et les op\u00e9rations des filiales de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings, ainsi que des impacts financiers sur la performance de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise. Les impacts financiers ont \u00e9t\u00e9 pris en compte dans les es<span class=\"_ _1\"></span>timations comptables dans la mesure o\u00f9 ils peuv<span class=\"_ _1\"></span>ent \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 ce jour<span class=\"_ _1\"></span>. En outr<span class=\"_ _1\"></span>e, les d\u00e9fis associ\u00e9s aux engagements li\u00e9s au climat ont \u00e9t\u00e9 pris en compt<span class=\"_ _1\"></span>e, et les entreprises de V<span class=\"_ _1\"></span>iohalco n\u2019<span class=\"_ _1\"></span>ont pas identifi\u00e9 de<span class=\"_ _8\"></span> probl\u00e8mes suppl\u00e9mentair<span class=\"_ _1\"></span>es susceptibles d\u2019a<span class=\"_ _1\"></span>voir un eff<span class=\"_ _1\"></span>et important sur leurs \u00e9tats financiers.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-289-4": {
   "value": "27<span class=\"_ _3c\"></span>. Dettes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Fournisseurs <span class=\"_ _235\"> </span> <span class=\"_ _1ff\"> </span>282.855 <span class=\"_ _231\"> </span>169.388 Effets \u00e0 pay<span class=\"_ _1\"></span>er <span class=\"_ _23e\"> </span> <span class=\"_ _135\"> </span>216.958 <span class=\"_ _d7\"> </span>214.722 Contributions \u00e0 la s\u00e9curit\u00e9 sociale <span class=\"_ _23f\"> </span>11 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 Dettes fournis<span class=\"_ _1\"></span>seurs vis-\u00e0-vis des parties li\u00e9es <span class=\"_ _240\"> </span>35 <span class=\"_ _180\"> </span>11.57<span class=\"_ _1\"></span>8 <span class=\"_ _dc\"> </span>12.525 Cr\u00e9diteurs div<span class=\"_ _1\"></span>ers <span class=\"_ _241\"> </span> <span class=\"_ _128\"> </span>4.059 <span class=\"_ _e2\"> </span>2.932 Pro<span class=\"_ _1\"></span>visions <span class=\"_ _dd\"> </span> <span class=\"_ _17a\"> </span>25.7<span class=\"_ _1\"></span>31 <span class=\"_ _11c\"> </span>17<span class=\"_ _1\"></span>.990 Autres tax<span class=\"_ _1\"></span>es <span class=\"_ _8e\"> </span> <span class=\"_ _137\"> </span>4.611 <span class=\"_ _198\"> </span>2.699 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _bb\"> </span>549<span class=\"_ _1\"></span>.283 <span class=\"_ _db\"> </span>422.622Le post<span class=\"_ _1\"></span>e \u00ab effets \u00e0 pay<span class=\"_ _1\"></span>er\u00bb du tableau ci-dessus concerne des arr<span class=\"_ _1\"></span>angements de financement fournisseur li\u00e9s \u00e0 l'acha<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> de mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res primair<span class=\"_ _1\"></span>es, telles que le cuivre<span class=\"_ _1\"></span>, l'acier<span class=\"_ _1\"></span>, etc. dont les d\u00e9lais de paiement peuv<span class=\"_ _1\"></span>ent \u00eatre plus longs que d'habitude pour ce type de f<span class=\"_ _1\"></span>ournitures. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-289-5": {
   "value": "27<span class=\"_ _3c\"></span>. Dettes fournisseurs et autr<span class=\"_ _1\"></span>es cr\u00e9diteurs<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Fournisseurs <span class=\"_ _235\"> </span> <span class=\"_ _1ff\"> </span>282.855 <span class=\"_ _231\"> </span>169.388 Effets \u00e0 pay<span class=\"_ _1\"></span>er <span class=\"_ _23e\"> </span> <span class=\"_ _135\"> </span>216.958 <span class=\"_ _d7\"> </span>214.722 Contributions \u00e0 la s\u00e9curit\u00e9 sociale <span class=\"_ _23f\"> </span>11 <span class=\"_ _116\"> </span>3.491 <span class=\"_ _137\"> </span>2.366 Dettes fournis<span class=\"_ _1\"></span>seurs vis-\u00e0-vis des parties li\u00e9es <span class=\"_ _240\"> </span>35 <span class=\"_ _180\"> </span>11.57<span class=\"_ _1\"></span>8 <span class=\"_ _dc\"> </span>12.525 Cr\u00e9diteurs div<span class=\"_ _1\"></span>ers <span class=\"_ _241\"> </span> <span class=\"_ _128\"> </span>4.059 <span class=\"_ _e2\"> </span>2.932 Pro<span class=\"_ _1\"></span>visions <span class=\"_ _dd\"> </span> <span class=\"_ _17a\"> </span>25.7<span class=\"_ _1\"></span>31 <span class=\"_ _11c\"> </span>17<span class=\"_ _1\"></span>.990 Autres tax<span class=\"_ _1\"></span>es <span class=\"_ _8e\"> </span> <span class=\"_ _137\"> </span>4.611 <span class=\"_ _198\"> </span>2.699 T<span class=\"_ _0\"></span>otal <span class=\"_ _1c5\"> </span> <span class=\"_ _bb\"> </span>549<span class=\"_ _1\"></span>.283 <span class=\"_ _db\"> </span>422.622Le post<span class=\"_ _1\"></span>e \u00ab effets \u00e0 pay<span class=\"_ _1\"></span>er\u00bb du tableau ci-dessus concerne des arr<span class=\"_ _1\"></span>angements de financement fournisseur li\u00e9s \u00e0 l'acha<span class=\"_ _1\"></span>t<span class=\"_ _8\"></span> de mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res primair<span class=\"_ _1\"></span>es, telles que le cuivre<span class=\"_ _1\"></span>, l'acier<span class=\"_ _1\"></span>, etc. dont les d\u00e9lais de paiement peuv<span class=\"_ _1\"></span>ent \u00eatre plus longs que d'habitude pour ce type de f<span class=\"_ _1\"></span>ournitures. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-290-2": {
   "value": "28. Subv<span class=\"_ _1\"></span>entions  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Solde au 1 janvier <span class=\"_ _142\"> </span> <span class=\"_ _101\"> </span>15.804 <span class=\"_ _b6\"> </span>16.487 Nouvelles sub<span class=\"_ _1\"></span>ventions r<span class=\"_ _1\"></span>e\u00e7ues au cours de l'ann\u00e9e <span class=\"_ _d5\"> </span> <span class=\"_ _81\"> </span>871 <span class=\"_ _242\"> </span>42 Nouvelles sub<span class=\"_ _1\"></span>ventions pour lesquelles la r\u00e9ception es<span class=\"_ _1\"></span>t en attente <span class=\"_ _f4\"> </span> <span class=\"_ _12b\"> </span>1<span class=\"_ _8\"></span>19 <span class=\"_ _122\"> </span>- Amortissement des subv<span class=\"_ _1\"></span>entions <span class=\"_ _23f\"> </span>8.A <span class=\"_ _186\"> </span>(1.17<span class=\"_ _0\"></span>4) <span class=\"_ _16b\"> </span>(728) Effet du mouv<span class=\"_ _1\"></span>ement des taux de change <span class=\"_ _243\"> </span> <span class=\"_ _12c\"> </span>27 <span class=\"_ _1ae\"> </span>3 Solde au 31 d\u00e9cembre  <span class=\"_ _244\"> </span> <span class=\"_ _12e\"> </span>15.648 <span class=\"_ _180\"> </span>15.804Des subv<span class=\"_ _1\"></span>entions publiques ont \u00e9t\u00e9 obtenues dans le cadr<span class=\"_ _1\"></span>e d\u2019inves<span class=\"_ _1\"></span>tissements en immobilisations corpor<span class=\"_ _1\"></span>elles.<span class=\"_ _8\"></span> T<span class=\"_ _0\"></span>outes les c<span class=\"_ _1\"></span>onditions attach\u00e9es aux subv<span class=\"_ _1\"></span>entions re\u00e7ues par Cener<span class=\"_ _1\"></span>gy Holdings ont \u00e9t\u00e9 respect\u00e9es au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-291-3": {
   "value": "29. Pro<span class=\"_ _1\"></span>visions  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _115\"> </span>Note <span class=\"_ _116\"> </span>2022 <span class=\"_ _117\"> </span>2021 Solde au 1 janvier <span class=\"_ _142\"> </span> <span class=\"_ _d7\"> </span>13.410 <span class=\"_ _122\"> </span>- Frais pour l'ann\u00e9e <span class=\"_ _234\"> </span>8.B <span class=\"_ _121\"> </span>665 <span class=\"_ _116\"> </span>12.842 Effet de la v<span class=\"_ _1\"></span>ariation des taux de change <span class=\"_ _245\"> </span> <span class=\"_ _124\"> </span>821 <span class=\"_ _119\"> </span>568 Solde au 31 d\u00e9cembre  <span class=\"_ _244\"> </span> <span class=\"_ _12e\"> </span>14.897 <span class=\"_ _116\"> </span>13.4<span class=\"_ _1\"></span>10En 2022, le D\u00e9partement du C<span class=\"_ _1\"></span>ommerce des \u00c9tats-Unis (DoC) a publi\u00e9 ses r\u00e9sultats d\u00e9finitifs dans le cadr<span class=\"_ _1\"></span>e des proc\u00e9dur<span class=\"_ _1\"></span>es administra<span class=\"_ _1\"></span>tives men\u00e9es par le DoC pour la p\u00e9riode du 19 avril 20<span class=\"_ _1\"></span>19 au 30 avril 2020 (\u00ab la p\u00e9riode ex<span class=\"_ _1\"></span>amin\u00e9e \u00bb) dans le cadre d\u2019une mesur<span class=\"_ _1\"></span>e antidumping (\u00ab AD \u00bb) sur les tubes soud\u00e9s de grand diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) en pro<span class=\"_ _1\"></span>venanc<span class=\"_ _1\"></span>e de Gr\u00e8ce. En cons\u00e9quenc<span class=\"_ _1\"></span>e, le DoC a d\u00e9termin\u00e9 pour la p\u00e9riode e<span class=\"_ _1\"></span>xamin\u00e9e un taux de droit antidumping de 41,<span class=\"_ _1\"></span>04 % sur la base du total des faits d\u00e9fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>ables disponibles (AF<span class=\"_ _1\"></span>A) pour le d\u00e9fendeur C<span class=\"_ _1\"></span>orinth Pipeworks S.A., segment T<span class=\"_ _0\"></span>ubes d\u2019acier de Cener<span class=\"_ _1\"></span>gy Holdings. Corinth Pipew<span class=\"_ _1\"></span>orks a interjet\u00e9 appel dev<span class=\"_ _1\"></span>ant la Cour am\u00e9ricaine du commer<span class=\"_ _1\"></span>ce international c<span class=\"_ _1\"></span>ontre la d\u00e9cision du DoC tout en continuant de tr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ailler activement a<span class=\"_ _1\"></span>vec le DoC afin d'annuler la d\u00e9cision d\u00e9finitive<span class=\"_ _1\"></span>. La charge unique li\u00e9e \u00e0 l'affair<span class=\"_ _1\"></span>e susmentionn\u00e9e s'\u00e9l\u00e8ve \u00e0 12,8 millions d'eur<span class=\"_ _1\"></span>os (14<span class=\"_ _8\"></span> millions de dollars am\u00e9ricains plus int\u00e9r\u00eats) pour l'ann\u00e9e 2021. La char<span class=\"_ _1\"></span>ge pour 2022 se r<span class=\"_ _1\"></span>apporte aux int\u00e9r\u00eats imput\u00e9s<span class=\"_ _8\"></span> sur le montant res<span class=\"_ _1\"></span>tant \u00e0 payer pour l'e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et est incluse dans la ligne \u00ab Char<span class=\"_ _1\"></span>ges financi\u00e8res \u00bb.34. Passifs \u00e9v<span class=\"_ _1\"></span>entuels A. Litiges et ex<span class=\"_ _1\"></span>amens administratifs En ce qui conc<span class=\"_ _1\"></span>erne les exportations de tubes soud\u00e9s de gr<span class=\"_ _1\"></span>and diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) de Corinth Pipew<span class=\"_ _1\"></span>orks vers les \u00c9tats-Unis pour les p\u00e9riodes avril 20<span class=\"_ _1\"></span>20 - avril 2021 et avril 20<span class=\"_ _1\"></span>21 - avril 2022, des e<span class=\"_ _1\"></span>xamens administra<span class=\"_ _1\"></span>tifs<span class=\"_ _8\"></span> suppl\u00e9mentaires du D\u00e9part<span class=\"_ _1\"></span>ement du commerc<span class=\"_ _1\"></span>e des \u00c9tats-Unis (DOC) sont attendus. Aucune pr<span class=\"_ _1\"></span>ovision n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9<span class=\"_ _8\"></span> enregis<span class=\"_ _1\"></span>tr\u00e9e au titre de ces e<span class=\"_ _1\"></span>xamens administr<span class=\"_ _1\"></span>atifs en raison des faits suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d'avril 2020 \u00e0 avril 20<span class=\"_ _1\"></span>21, aucune vente aux \u00c9tats-Unis n'a \u00e9t\u00e9 soumise \u00e0 des dr<span class=\"_ _1\"></span>oits antidumping; aucun droit suppl\u00e9mentair<span class=\"_ _1\"></span>e n'est donc pr\u00e9vu pour cett<span class=\"_ _1\"></span>e p\u00e9riode.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d\u2019avril 2021 \u00e0 a<span class=\"_ _1\"></span>vril 2022, les vent<span class=\"_ _1\"></span>es aux Etats-Unis soumises \u00e0 des droits antidumping n'\u00e9taient pas significativ<span class=\"_ _1\"></span>es. L'issue d'un tel ex<span class=\"_ _1\"></span>amen administratif es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme tr\u00e8s v<span class=\"_ _1\"></span>olatile et difficile \u00e0<span class=\"_ _8\"></span> pr\u00e9voir<span class=\"_ _0\"></span>, et le montant de tout passif qui en d\u00e9coule ne peut \u00eatr<span class=\"_ _1\"></span>e raisonnablement estim\u00e9. B. Passif d'imp\u00f4t \u00e9v<span class=\"_ _1\"></span>entuel<span class=\"_ _8\"></span> Les d\u00e9clar<span class=\"_ _1\"></span>ations d\u2019imp\u00f4ts des filiales font r\u00e9guli\u00e8rement l'objet de c<span class=\"_ _1\"></span>ontr\u00f4les fiscaux dans la plupart des juridictions<span class=\"_ _8\"></span> o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s ex<span class=\"_ _1\"></span>ercent leurs activit\u00e9s. Ces c<span class=\"_ _1\"></span>ontr\u00f4les pourraient entr<span class=\"_ _1\"></span>a\u00eener des imp\u00f4ts<span class=\"_ _8\"></span> suppl\u00e9mentaires. C<span class=\"_ _1\"></span>energy Holdings pr\u00e9v<span class=\"_ _1\"></span>oit un imp\u00f4t suppl\u00e9mentaire par rapport au r\u00e9sultat de c<span class=\"_ _1\"></span>es contr\u00f4les fiscaux pour le montant pr\u00e9vu \u00e0 r\u00e9gler (ou \u00e0 r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er).<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings estime que ses pro<span class=\"_ _1\"></span>visions pour passifs d\u2019imp\u00f4ts sont ad\u00e9quates pour tout<span class=\"_ _1\"></span>es les ann\u00e9es<span class=\"_ _8\"></span> d\u2019imposition ouvert<span class=\"_ _1\"></span>es sur base de son \u00e9valuation des f<span class=\"_ _1\"></span>acteurs sous-jacents, notamment des interpr\u00e9tations du dr<span class=\"_ _1\"></span>oit<span class=\"_ _8\"></span> fiscal et de leur exp\u00e9rienc<span class=\"_ _1\"></span>e ant\u00e9rieure. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-316-4": {
   "value": "C. Gestion du risque financier Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de cr\u00e9dit, de liquidit\u00e9 et de march\u00e9 d\u00e9c<span class=\"_ _1\"></span>oulant de<span class=\"_ _8\"></span> l\u2019utilisation de ses instruments financiers. La pr\u00e9sente not<span class=\"_ _1\"></span>e donne des informations sur leur e<span class=\"_ _1\"></span>xposition \u00e0 chacun des<span class=\"_ _8\"></span> risques ci-dessus, leurs objectifs, la politique et les pr<span class=\"_ _1\"></span>oc\u00e9dures en mati\u00e8r<span class=\"_ _1\"></span>e d\u2019estima<span class=\"_ _1\"></span>tion et de gestion des risques,<span class=\"_ _8\"></span> ainsi que la gestion du capital de Cener<span class=\"_ _1\"></span>gy Holdings (note 25). Des politiques de gestion des risques sont appliqu\u00e9es pour identifier et analyser les risques aux<span class=\"_ _1\"></span>quels Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings et ses entreprises sont c<span class=\"_ _1\"></span>onfront\u00e9s, d\u00e9finir des limites de prise de risques et appliquer des s<span class=\"_ _1\"></span>yst\u00e8mes de contr\u00f4le pertinents. Les politiques et les s<span class=\"_ _1\"></span>yst\u00e8mes pertinents en mati\u00e8r<span class=\"_ _1\"></span>e de gestion des risques sont ex<span class=\"_ _1\"></span>amin\u00e9s \u00e0<span class=\"_ _8\"></span> l\u2019<span class=\"_ _1\"></span>occasion afin de prendr<span class=\"_ _1\"></span>e en consid\u00e9r<span class=\"_ _1\"></span>ation toutes les v<span class=\"_ _1\"></span>ariations du march\u00e9 et des activit\u00e9s des soci\u00e9t\u00e9s. La mise en \u0153uvre des politiques et des pr<span class=\"_ _1\"></span>oc\u00e9dures de gestion des risques es<span class=\"_ _1\"></span>t surveill\u00e9e par la fonction de c<span class=\"_ _1\"></span>ontr\u00f4le<span class=\"_ _8\"></span> interne, qui eff<span class=\"_ _1\"></span>ectue des v\u00e9rifications r\u00e9currentes et non r\u00e9curr<span class=\"_ _1\"></span>entes, tandis que les r\u00e9sultats de ces v\u00e9rifica<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> sont notifi\u00e9s au conseil d'administr<span class=\"_ _1\"></span>ation. C.<span class=\"_ _1\"></span>1. Risque de cr\u00e9dit<span class=\"_ _8\"></span> Le risque de cr\u00e9dit est le risque de pert<span class=\"_ _1\"></span>e financi\u00e8re pour Cener<span class=\"_ _1\"></span>gy Holdings si un client ou une contrepartie \u00e0 un instrument financier ne r<span class=\"_ _1\"></span>especte pas ses obligations contr<span class=\"_ _1\"></span>actuelles et pro<span class=\"_ _1\"></span>vient principalement des cr\u00e9ances clients<span class=\"_ _8\"></span> et des actifs sur contr<span class=\"_ _1\"></span>ats et des d\u00e9p\u00f4ts aupr\u00e8s des banques.<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des actifs financiers repr\u00e9sente l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition maximale au risque de cr\u00e9dit.<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _54\"> </span>Note  <span class=\"_ _180\"> </span>2022 <span class=\"_ _121\"> </span>2021 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - courant <span class=\"_ _129\"> </span>15 <span class=\"_ _135\"> </span>192.769 <span class=\"_ _b7\"> </span>132.040 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - non courant <span class=\"_ _c3\"> </span>15 <span class=\"_ _11d\"> </span>1.227 <span class=\"_ _124\"> </span>1.177 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _1ce\"> </span>7<span class=\"_ _1\"></span>.D <span class=\"_ _db\"> </span>195.481 <span class=\"_ _11c\"> </span>98.217 Moins : <span class=\"_ _d8\"> </span>  <span class=\"_ _24a\"> </span>  <span class=\"_ _1bc\"> </span>  Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _24b\"> </span>15 <span class=\"_ _12e\"> </span>(3.17<span class=\"_ _1\"></span>8) <span class=\"_ _e2\"> </span>(624) Actifs d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _24c\"> </span>15 <span class=\"_ _be\"> </span>(11.610) <span class=\"_ _db\"> </span>(14.4<span class=\"_ _1\"></span>76) Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _162\"> </span>15 <span class=\"_ _18a\"> </span>(18.910) <span class=\"_ _128\"> </span>(4.716) Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _143\"> </span>355.778 <span class=\"_ _13f\"> </span>211.617 Inv<span class=\"_ _1\"></span>estissements en capitaux \u00e0 la juste v<span class=\"_ _1\"></span>aleur par  le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _e2\"> </span>22 <span class=\"_ _180\"> </span>6.308 <span class=\"_ _133\"> </span>5.812 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _24e\"> </span>16 <span class=\"_ _b7\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _170\"> </span>129.606 Instruments d\u00e9riv\u00e9s <span class=\"_ _e7\"> </span>23 <span class=\"_ _128\"> </span>16.612 <span class=\"_ _16b\"> </span>1.480 Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _10a\"> </span>190.0<span class=\"_ _1\"></span>79 <span class=\"_ _101\"> </span>136.899 T<span class=\"_ _0\"></span>otal g\u00e9n\u00e9ral <span class=\"_ _149\"> </span>  <span class=\"_ _d0\"> </span>545.857 <span class=\"_ _101\"> </span>348.516(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, la balance \u00e2g\u00e9e des cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs qui n'ont pas \u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9es \u00e9tait la suiv<span class=\"_ _1\"></span>ante :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Ni \u00e9chu ni douteux <span class=\"_ _16f\"> </span> 343.965 <span class=\"_ _192\"> </span>196.7<span class=\"_ _1\"></span>49 \u00c9chu <span class=\"_ _253\"> </span>  <span class=\"_ _167\"> </span>  - Jusqu'\u00e0 6 mois <span class=\"_ _254\"> </span> 10.800 <span class=\"_ _101\"> </span>13.687 - Plus de 6 mois <span class=\"_ _255\"> </span> 1.013 <span class=\"_ _132\"> </span>1.<span class=\"_ _1\"></span>182 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617La direction des filiales es<span class=\"_ _1\"></span>time que les montants dus jusqu\u2019\u00e0 6 mois et plus de 6 mois sont encore enti\u00e8r<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables, sur la base de l\u2019hist<span class=\"_ _1\"></span>orique des paiements et d\u2019une analyse approf<span class=\"_ _1\"></span>ondie du risque de cr\u00e9dit client, y<span class=\"_ _8\"></span> compris les notations de cr\u00e9dit sous-jac<span class=\"_ _1\"></span>entes, si celles-ci sont disponibles. Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, les cr\u00e9ances \u00e9chues mais non d\u00e9pr\u00e9ci\u00e9es c<span class=\"_ _1\"></span>oncernaient essentiellement les principaux groupes indus<span class=\"_ _1\"></span>triels, les principaux services publics et priv\u00e9s et les principaux re<span class=\"_ _1\"></span>vendeurs. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings assurent la majorit\u00e9 de leurs cr\u00e9anc<span class=\"_ _1\"></span>es contre le risque de d\u00e9f<span class=\"_ _1\"></span>aut. Au 31 d\u00e9cembre 2022, 85,9 % des soldes dus par les contr<span class=\"_ _1\"></span>eparties \u00e9taient assur\u00e9s. La variation de la d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion sur les cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et sur les actifs sur contrats se pr\u00e9sent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> comme suit :  <span class=\"_ _51\"> </span> <span class=\"_ _7\"></span>2022 <span class=\"_ _85\"> </span> <span class=\"_ _41\"> </span> 2021 <span class=\"_ _256\"> </span> <span class=\"_ _258\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _89\"> </span>Cr\u00e9ances clients et autres   d\u00e9biteurs  <span class=\"_ _5b\"> </span> Actifs sur <span class=\"_ _5b\"> </span> contrats <span class=\"_ _1da\"> </span>T<span class=\"_ _0\"></span>otal Cr\u00e9ances clients et autres   d\u00e9biteurs Actifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _112\"> </span>T<span class=\"_ _1\"></span>otal Solde au 1 janvier <span class=\"_ _259\"> </span>26.031 <span class=\"_ _1ad\"> </span>318 <span class=\"_ _7d\"> </span>26.349 <span class=\"_ _89\"> </span>24.390 <span class=\"_ _93\"> </span>143 <span class=\"_ _8d\"> </span>24.533 Perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e <span class=\"_ _213\"> </span>450 <span class=\"_ _1a8\"> </span>12 <span class=\"_ _25a\"> </span><span class=\"ff18 ls55 ws67\">463</span><span class=\"wsae\"> <span class=\"_ _53\"> </span>46 175 <span class=\"_ _31\"></span><span class=\"ff18 ws1\">220</span></span> Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _db\"> </span>(38) <span class=\"_ _113\"> </span>(127) <span class=\"_ _108\"> </span><span class=\"ff18\">(165)</span><span class=\"wsaf\"> <span class=\"_ _3a\"> </span>(168) - <span class=\"_ _25b\"></span><span class=\"ff18 ws1\">(168)</span></span> Reprise de / (perte de v<span class=\"_ _1\"></span>aleur)  sur les cr\u00e9ances et les actifs sur  contr<span class=\"_ _1\"></span>ats <span class=\"_ _1dc\"> </span>412 <span class=\"_ _1cd\"> </span>(115) <span class=\"_ _94\"> </span><span class=\"ff18 ls55 ws67\">297</span><span class=\"wsae\"> <span class=\"_ _6c\"> </span>(122) 175 <span class=\"ff18 ls92 ws61\">53</span></span> Radiations <span class=\"_ _256\"> </span>(153) <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">(153)</span><span class=\"wsaf\"> <span class=\"_ _2d\"> </span>(14) - <span class=\"_ _25d\"></span><span class=\"ff18 ws1\">(14)</span></span> Ecarts de change <span class=\"_ _203\"> </span>1.255 <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">1.255</span><span class=\"wsaf\"> <span class=\"_ _5\"> </span>1.<span class=\"_ _1\"></span>777 - <span class=\"_ _25e\"></span><span class=\"ff18 ws1\">1.777</span></span> Solde au 31 d\u00e9cembre <span class=\"_ _180\"> </span>27<span class=\"_ _1\"></span>.545 <span class=\"_ _93\"> </span>203 <span class=\"_ _ef\"> </span>27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48 <span class=\"_ _1a8\"> </span>26.031 <span class=\"_ _1a5\"> </span>318 <span class=\"_ _6e\"> </span>26.349La pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur les cr\u00e9ances clients et les actifs sur contr<span class=\"_ _1\"></span>ats est calcul\u00e9e \u00e0 titre individuel, lorsqu\u2019il exis<span class=\"_ _1\"></span>te un indice de d\u00e9pr\u00e9ciation. Pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrats sans indication de d\u00e9pr\u00e9ciation, les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues se fondent sur les donn\u00e9es historiques c<span class=\"_ _1\"></span>ombin\u00e9es aux projections concernant les f<span class=\"_ _1\"></span>acteurs macro\u00e9c<span class=\"_ _1\"></span>onomiques qui influent sur le risque de cr\u00e9dit, notamment le risque pays et les risques li\u00e9s aux secteurs d\u2019<span class=\"_ _1\"></span>activit\u00e9 des clients. La hausse de l\u2019inflation et des taux d\u2019int\u00e9r\u00eat a \u00e9galement \u00e9t\u00e9 prise en<span class=\"_ _8\"></span> compte dans le calcul des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e en cours, sans impact significatif sur la perte de valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e.<span class=\"_ _8\"></span> Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842(b) T<span class=\"_ _0\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s d\u00e9tenaient des liquidit\u00e9s et des \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie de 167<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>160 milliers d\u2019eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. La tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie sont d\u00e9tenus aupr\u00e8s de banques et d\u2019ins<span class=\"_ _1\"></span>titutions<span class=\"_ _8\"></span> financi\u00e8res not\u00e9es de AA<span class=\"_ _1\"></span>- \u00e0 B par l\u2019agenc<span class=\"_ _1\"></span>e Fitch. C.2. Risque de liquidit\u00e9 Le risque de liquidit\u00e9 corr<span class=\"_ _1\"></span>espond au risque que Cenergy Holdings et ses soci\u00e9t\u00e9s \u00e9pr<span class=\"_ _1\"></span>ouvent des difficult\u00e9s \u00e0 r<span class=\"_ _1\"></span>emplir<span class=\"_ _8\"></span> les obligations associ\u00e9es \u00e0 leurs dett<span class=\"_ _1\"></span>es financi\u00e8res qui sont \u00e0 r\u00e9gler par le transf<span class=\"_ _1\"></span>ert de liquidit\u00e9s ou d\u2019un autre actif financier<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>\u2019appr<span class=\"_ _1\"></span>oche adopt\u00e9e afin de g\u00e9rer les liquidit\u00e9s consis<span class=\"_ _1\"></span>te \u00e0 s\u2019assur<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>, autant que possible, qu\u2019<span class=\"_ _1\"></span>elles disposeront de suffisamment de liquidit\u00e9s pour r\u00e9pondr<span class=\"_ _1\"></span>e \u00e0 leurs obligations lorsque celles-ci sont dues, dans des conditions normales, mais aussi dans des c<span class=\"_ _1\"></span>onditions de tensions, sans encourir de pertes inac<span class=\"_ _1\"></span>ceptables ou de risquer de porter att<span class=\"_ _1\"></span>einte \u00e0 leur r\u00e9putation. Afin d\u2019\u00e9vit<span class=\"_ _1\"></span>er les risques de liquidit\u00e9, Cenergy Holdings et ses soci\u00e9t\u00e9s pr<span class=\"_ _1\"></span>oc\u00e8dent \u00e0 une estimation des flux de tr\u00e9sorerie pr\u00e9vus pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e suivante lorsqu\u2019<span class=\"_ _1\"></span>elles pr\u00e9par<span class=\"_ _1\"></span>ent le budget annuel. En outre, elles suiv<span class=\"_ _1\"></span>ent les pr\u00e9visions<span class=\"_ _8\"></span> en glissement mensuel conc<span class=\"_ _1\"></span>ernant les flux de tr\u00e9sorerie du trimestr<span class=\"_ _1\"></span>e suivant, afin de s\u2019as<span class=\"_ _1\"></span>surer de disposer de suffisamment de liquidit\u00e9 pour r\u00e9pondre aux besoins op\u00e9r<span class=\"_ _1\"></span>ationnels, y compris pour couvrir leurs obliga<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> financi\u00e8res. C<span class=\"_ _1\"></span>ette politique ne tient pas compte de l\u2019impact pot<span class=\"_ _1\"></span>entiel de circons<span class=\"_ _1\"></span>tances extr\u00eames impr\u00e9visibles. Steelmet S.A., une soci\u00e9t\u00e9 affili\u00e9e, surv<span class=\"_ _1\"></span>eille les besoins en liquidit\u00e9s des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings et convient de mani\u00e8re c<span class=\"_ _1\"></span>entralis\u00e9e des conditions de financ<span class=\"_ _1\"></span>ement avec les \u00e9tablis<span class=\"_ _1\"></span>sements de cr\u00e9dit en Gr\u00e8ce et dans d\u2019autr<span class=\"_ _1\"></span>es pays.Exposition au risque de liquidit\u00e9 Les passifs financiers et les instruments d\u00e9riv\u00e9s bas\u00e9s sur des \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es contractuelles sont v<span class=\"_ _1\"></span>entil\u00e9s comme suit :31/12/2022 <span class=\"_ _154\"> </span>Flux de tr\u00e9sorerie contr<span class=\"_ _1\"></span>actuels <span class=\"_ _104\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0  1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _0\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>402.<span class=\"_ _1\"></span>112<span class=\"ff19 wsb1\"> 402.691 <span class=\"_ _ac\"> </span>531 <span class=\"_ _6a\"> </span>956 <span class=\"_ _226\"> </span>26 <span class=\"_ _260\"></span><span class=\"ff18 ws60\">404.204</span></span> Obligations \u00e9mises <span class=\"_ _167\"> </span>199.<span class=\"_ _1\"></span>798<span class=\"ff19 wsb2\"> <span class=\"_ _fc\"> </span>80.891 <span class=\"_ _2b\"> </span>32.778 <span class=\"_ _4\"> </span>93.610 9.<span class=\"_ _1\"></span>487 <span class=\"_ _18\"></span><span class=\"ff18 ws60\">216.<span class=\"_ _1\"></span>766</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _259\"> </span><span class=\"ff18 ws60\">3.457</span><span class=\"wsb3\"> <span class=\"_ _2\"> </span>1.625 <span class=\"_ _5\"> </span>796 1.<span class=\"_ _1\"></span>126 <span class=\"_ _8a\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">3.547</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _242\"> </span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span><span class=\"wsb5\"> 10.7<span class=\"_ _1\"></span>90 <span class=\"_ _f6\"> </span>- <span class=\"_ _85\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span></span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _9d\"> </span><span class=\"ff18 ws60\">541.181</span><span class=\"wsb6\"> 54<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>181 <span class=\"_ _b3\"> </span>- <span class=\"_ _a8\"> </span>- <span class=\"_ _fc\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 ws60\">541.<span class=\"_ _1\"></span>181</span></span>  <span class=\"_ _217\"> </span>1.<span class=\"_ _1\"></span>157<span class=\"_ _0\"></span>.337 <span class=\"_ _1d7\"> </span>1.03<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>178 <span class=\"_ _a4\"> </span>34.<span class=\"_ _1\"></span>104 <span class=\"_ _1b0\"> </span>95.693 <span class=\"_ _21\"> </span>9.512 <span class=\"_ _ec\"> </span>1.17<span class=\"_ _1\"></span>6.48731/12/2021 <span class=\"_ _d1\"> </span>Flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels <span class=\"_ _58\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0 1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _1\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>203.998<span class=\"ff19 wsb8\"> 19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.271 <span class=\"_ _106\"> </span>9.057 3.269 <span class=\"_ _24\"> </span>128 <span class=\"_ _23c\"></span><span class=\"ff18 ws60\">209.7<span class=\"_ _1\"></span>25</span></span> Obligations \u00e9mises <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">186.641</span><span class=\"wsb9\"> <span class=\"_ _2c\"> </span>28.065 <span class=\"_ _fc\"> </span>75.683 <span class=\"_ _3\"> </span>76.230 28.4<span class=\"_ _1\"></span>13 <span class=\"_ _2f\"></span><span class=\"ff18 ws60\">208.391</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">3.296</span><span class=\"wsba\"> <span class=\"_ _26\"> </span>1.665 1.046 <span class=\"_ _3b\"> </span>756 <span class=\"_ _52\"> </span>- <span class=\"_ _19\"></span><span class=\"ff18 ws60\">3.467</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _ea\"> </span><span class=\"ff18 ws60\">2.596</span><span class=\"wsbb\"> 2.596 <span class=\"_ _29\"> </span>- <span class=\"_ _97\"> </span>- <span class=\"_ _8a\"> </span>- <span class=\"_ _262\"></span><span class=\"ff18 ws60\">2.596<span class=\"ff19 ls6 ws1\"> </span></span></span>Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _1d7\"> </span>417<span class=\"_ _0\"></span>.557<span class=\"ff19 wsbc\"> 417<span class=\"_ _0\"></span>.557 <span class=\"_ _53\"> </span>- <span class=\"_ _f6\"> </span>- <span class=\"_ _a7\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">417<span class=\"_ _0\"></span>.557</span></span>  <span class=\"_ _45\"> </span>814.089 <span class=\"_ _4f\"> </span>647<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>154 <span class=\"_ _a4\"> </span>85.7<span class=\"_ _1\"></span>85 <span class=\"_ _1b0\"> </span>80.256 <span class=\"_ _96\"> </span>28.542 <span class=\"_ _69\"> </span>84<span class=\"_ _1\"></span>1.736Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont des emprunts qui contiennent des clauses non financi\u00e8res. En cas de manquement \u00e0 l\u2019une de ces clauses, les soci\u00e9t\u00e9s conc<span class=\"_ _1\"></span>ern\u00e9es doivent r<span class=\"_ _1\"></span>embourser les emprunts de mani\u00e8re anticip\u00e9e par rapport aux \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es indiqu\u00e9es dans le tableau ci-dessus. En vertu des ac<span class=\"_ _1\"></span>cords des emprunts e<span class=\"_ _1\"></span>xistants, les engagements sont contr\u00f4l\u00e9s et communiqu\u00e9s r\u00e9guli\u00e8r<span class=\"_ _1\"></span>ement \u00e0 la direction afin d\u2019<span class=\"_ _1\"></span>assurer leur c<span class=\"_ _1\"></span>onformit\u00e9. \u00c0 l\u2019heure actuelle, il n\u2019<span class=\"_ _1\"></span>exis<span class=\"_ _1\"></span>te pas de clauses non financi\u00e8res (par e<span class=\"_ _1\"></span>xemple r<span class=\"_ _1\"></span>elatives \u00e0 c<span class=\"_ _1\"></span>ertains niveaux de r<span class=\"_ _1\"></span>atios financiers) dans les emprunts exis<span class=\"_ _1\"></span>tants.<span class=\"_ _8\"></span> C.3. Risque du march\u00e9 Le risque du mar<span class=\"_ _1\"></span>ch\u00e9 est le risque que des fluctuations des cours des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8res, des taux de change et des taux d\u2019int\u00e9r\u00eat auront un impact sur les r\u00e9sultats de C<span class=\"_ _1\"></span>energy Holdings et de ses soci\u00e9t\u00e9s ou sur la v<span class=\"_ _1\"></span>aleur de leurs<span class=\"_ _8\"></span> instruments financiers. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings utilisent des instruments d\u00e9riv\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er ce risque. En r\u00e8gle g\u00e9n\u00e9rale<span class=\"_ _1\"></span>, elles s\u2019eff<span class=\"_ _1\"></span>orcent d\u2019<span class=\"_ _1\"></span>appliquer une comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture afin de g\u00e9r<span class=\"_ _1\"></span>er la volatilit\u00e9 du r\u00e9sultat. (a) Risque de change : Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de change d\u00e9coulant des v<span class=\"_ _1\"></span>entes et achats r\u00e9alis\u00e9s, ainsi que des emprunts libell\u00e9s dans une monnaie autre que la monnaie f<span class=\"_ _1\"></span>onctionnelle de Cenergy Holdings et de ses soci\u00e9t\u00e9s, qui est essentiellement l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o. Les monnaies les plus importantes dans lesquelles c<span class=\"_ _1\"></span>es transactions sont effectu\u00e9es sont l\u2019<span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>, le dollar am\u00e9ricain et la livre st<span class=\"_ _1\"></span>erling.<span class=\"_ _8\"></span> \u00c0 terme, les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings couvr<span class=\"_ _1\"></span>ent la majeure partie de leur e<span class=\"_ _1\"></span>xposition aux devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es li\u00e9es aux vent<span class=\"_ _1\"></span>es et achats pr\u00e9vus, ainsi qu\u2019aux cr\u00e9ances et engagements en de<span class=\"_ _1\"></span>vise \u00e9trang\u00e8r<span class=\"_ _1\"></span>e. Les principaux instruments utilis\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er le risque de change sont des contrats \u00e0 t<span class=\"_ _1\"></span>erme, conclus av<span class=\"_ _1\"></span>ec des contr<span class=\"_ _1\"></span>eparties<span class=\"_ _8\"></span> ext<span class=\"_ _1\"></span>ernes et expir<span class=\"_ _1\"></span>ant dans un d\u00e9lai inf\u00e9rieur \u00e0 un an \u00e0 compter de la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Lorsque cela es<span class=\"_ _1\"></span>t jug\u00e9 n\u00e9cessair<span class=\"_ _1\"></span>e,<span class=\"_ _8\"></span> ces contr<span class=\"_ _1\"></span>ats sont renouv<span class=\"_ _1\"></span>el\u00e9s \u00e0 l'\u00e9ch\u00e9ance.  L<span class=\"_ _1\"></span>e risque de change peut \u00e9galement \u00eatre couv<span class=\"_ _1\"></span>ert \u00ab naturellement \u00bb en contr<span class=\"_ _1\"></span>actant des emprunts dans les devises r<span class=\"_ _1\"></span>espectives si les int\u00e9r\u00eats des emprunts sont libell\u00e9s dans la m\u00eame devise que celle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie pro<span class=\"_ _1\"></span>venant des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Les inv<span class=\"_ _1\"></span>estissements que C<span class=\"_ _1\"></span>energy Holdings et ses soci\u00e9t\u00e9s r\u00e9alisent dans leurs filiales ne sont pas couv<span class=\"_ _1\"></span>erts, car ces positions de change sont consid\u00e9r\u00e9es comme \u00e9tant prises \u00e0 long t<span class=\"_ _1\"></span>erme et sont principalement en euros. 31/12/2022 <span class=\"_ _7c\"> </span> <span class=\"_ _147\"> </span> <span class=\"_ _fa\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _41\"> </span>27<span class=\"_ _0\"></span>.997 <span class=\"_ _94\"> </span>10.423 <span class=\"_ _34\"> </span>18.591 <span class=\"_ _1d\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18 lsf8 wsbd\">5<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>2</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _19e\"> </span>9.653 <span class=\"_ _63\"> </span>13 <span class=\"_ _19e\"> </span>364 <span class=\"_ _1cc\"> </span>1 <span class=\"_ _b1\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>0.031</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _1ad\"> </span>(1.<span class=\"_ _1\"></span>119) <span class=\"_ _9b\"> </span>(3.892) <span class=\"_ _108\"> </span>(5.285) <span class=\"_ _1d\"> </span>- <span class=\"_ _a6\"> </span><span class=\"ff18\">(10.296)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _1da\"> </span>(98.277) <span class=\"_ _b2\"> </span>(1.<span class=\"_ _1\"></span>048) <span class=\"_ _80\"> </span>(19.664) <span class=\"_ _1d\"> </span>- <span class=\"_ _a9\"> </span><span class=\"ff18\">(118.989)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _9b\"> </span>(41.<span class=\"_ _1\"></span>082) <span class=\"_ _210\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _38\"></span>(66) <span class=\"_ _3f\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff18\">(41.<span class=\"_ _1\"></span>148)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _21\"> </span>(67<span class=\"_ _1\"></span>.650) <span class=\"_ _1cd\"> </span>5.497 <span class=\"_ _1f\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _8b\"> </span>(68.213) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(121.<span class=\"_ _1\"></span>779) <span class=\"_ _55\"> </span>(18.914) <span class=\"_ _5c\"> </span>- <span class=\"_ _1d\"> </span>- <span class=\"_ _a7\"> </span><span class=\"ff18\">(140.69<span class=\"_ _1\"></span>2)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _b1\"> </span>(189.429) <span class=\"_ _21\"> </span>(13.417) <span class=\"_ _a3\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _6a\"> </span>(208.905) 31/12/2021 <span class=\"_ _9a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _fe\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _1b1\"> </span>10.028 <span class=\"_ _93\"> </span>7<span class=\"_ _1\"></span>.562 <span class=\"_ _44\"> </span>16.638 <span class=\"_ _94\"> </span>643 <span class=\"_ _68\"> </span><span class=\"ff18\">34.871</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _1ad\"> </span>4.934 <span class=\"_ _5e\"> </span>2.<span class=\"_ _1\"></span>156 <span class=\"_ _1ad\"> </span>420 <span class=\"_ _1d\"> </span>1 <span class=\"_ _b2\"> </span><span class=\"ff18\">7<span class=\"_ _1\"></span>.511</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _10e\"> </span>(4.331) <span class=\"_ _210\"> </span>-  <span class=\"_ _86\"> </span>(2.613) <span class=\"_ _1d\"> </span>-  <span class=\"_ _6d\"> </span><span class=\"ff18\">(6.944)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _265\"> </span>(21.230) <span class=\"_ _a4\"> </span>(1.825) <span class=\"_ _f4\"> </span>(14.<span class=\"_ _1\"></span>162) <span class=\"_ _1d\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.217)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _fe\"> </span>-  <span class=\"_ _19f\"> </span>-  <span class=\"_ _1b5\"> </span>(23) <span class=\"_ _68\"> </span>(4.811) <span class=\"_ _35\"> </span><span class=\"ff18\">(4.834)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _1da\"> </span>(10.5<span class=\"_ _1\"></span>99) <span class=\"_ _93\"> </span>7<span class=\"_ _0\"></span>.893 <span class=\"_ _1ad\"> </span>260 <span class=\"_ _90\"> </span>(4.168) <span class=\"_ _96\"> </span>(6.613) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(39.692) <span class=\"_ _62\"> </span>(21.049) <span class=\"_ _5c\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff18 ls11 ws5b\">(<span class=\"_ _8\"></span>60.7<span class=\"_ _1\"></span>41<span class=\"_ _8\"></span>)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _f4\"> </span>(50.290) <span class=\"_ _1b0\"> </span>(13.156) <span class=\"_ _46\"> </span>260 <span class=\"_ _53\"> </span>(4.<span class=\"_ _1\"></span>168) <span class=\"_ _a6\"> </span>(6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.354)Les taux de change appliqu\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e ont \u00e9t\u00e9 les suivants : <span class=\"_ _126\"> </span>T<span class=\"_ _0\"></span>aux de change moy<span class=\"_ _1\"></span>en <span class=\"_ _19e\"> </span>T<span class=\"_ _0\"></span>aux spot de fin d'ann\u00e9e <span class=\"_ _1f3\"> </span>2022 <span class=\"_ _4\"> </span>2021 <span class=\"_ _20\"> </span>2022 2021 USD <span class=\"_ _266\"> </span>1,0530 <span class=\"_ _65\"> </span>1,182<span class=\"_ _1\"></span>7 <span class=\"_ _63\"> </span>1,0666 <span class=\"_ _3f\"> </span>1,<span class=\"_ _1\"></span>1326 GBP <span class=\"_ _22e\"> </span>0<span class=\"_ _1\"></span>,8528 <span class=\"_ _27\"> </span>0,8596 <span class=\"_ _1a3\"> </span>0,8869 <span class=\"_ _93\"> </span>0,8403 RO\u039d <span class=\"_ _267\"> </span>4,9313 <span class=\"_ _4e\"> </span>4,9208 <span class=\"_ _18f\"> </span>4,947<span class=\"_ _0\"></span>4 <span class=\"_ _1ad\"> </span>4,9481Un renf<span class=\"_ _1\"></span>orcement (aff<span class=\"_ _1\"></span>aiblissement) raisonnablement possible de l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o, du dollar am\u00e9ricain, de la livre s<span class=\"_ _1\"></span>terling ou<span class=\"_ _8\"></span> du leu roumain par r<span class=\"_ _1\"></span>apport aux autres de<span class=\"_ _1\"></span>vises au 31 d\u00e9cembre aur<span class=\"_ _1\"></span>ait affect\u00e9 l\u2019\u00e9valua<span class=\"_ _1\"></span>tion des instruments financiers<span class=\"_ _8\"></span> libell\u00e9s en une devise \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re et affect\u00e9 les capitaux pr<span class=\"_ _1\"></span>opres et le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat pour les montants pr\u00e9sent\u00e9s dans le tableau ci-dessous. Cett<span class=\"_ _1\"></span>e analyse part de l\u2019hypoth\u00e8se que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es. Elle fait \u00e9galement abstraction de l\u2019impact des v<span class=\"_ _1\"></span>entes et achats pr\u00e9vus.  <span class=\"_ _177\"> </span>Compt<span class=\"_ _1\"></span>e de r\u00e9sultat <span class=\"_ _1a8\"> </span>Capitaux propr<span class=\"_ _1\"></span>es, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _203\"> </span>Renforc<span class=\"_ _1\"></span>ement <span class=\"_ _6a\"> </span>Affaiblissement <span class=\"_ _a9\"> </span>Renf<span class=\"_ _1\"></span>orcement <span class=\"_ _2d\"> </span>Affaiblissement <span class=\"_ _268\"></span>2022 <span class=\"_ _269\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1d3\"> </span>6.250 <span class=\"_ _25f\"> </span>(7<span class=\"_ _1\"></span>.639) <span class=\"_ _3d\"> </span>17<span class=\"_ _1\"></span>.221 <span class=\"_ _10e\"> </span>(21.048) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.220 <span class=\"_ _89\"> </span>(1.491) <span class=\"_ _5b\"> </span>1.220 <span class=\"_ _1e\"> </span>(1.491) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _be\"> </span>551 <span class=\"_ _f7\"> </span>(6<span class=\"_ _1\"></span>73) <span class=\"_ _188\"> </span>551 <span class=\"_ _3d\"> </span>(67<span class=\"_ _1\"></span>3) <span class=\"_ _268\"></span>2021 <span class=\"_ _26a\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.230 <span class=\"_ _1b3\"> </span>(1.504) <span class=\"_ _5d\"> </span>4.566 <span class=\"_ _1cb\"> </span>(5.580) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _192\"> </span>1.186 <span class=\"_ _25f\"> </span>(1.450) <span class=\"_ _63\"> </span>1.186 <span class=\"_ _1ad\"> </span>(1.450) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _bb\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _fe\"> </span>29 <span class=\"_ _5c\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _1cf\"> </span>29(b) Ris<span class=\"_ _1\"></span>que de taux d'int\u00e9r\u00eat :<span class=\"_ _8\"></span> Exposition au risque de taux d'int\u00e9r\u00eat L<span class=\"_ _1\"></span>\u2019ann\u00e9e 2022 a mar<span class=\"_ _1\"></span>qu\u00e9 la fin d\u2019une p\u00e9riode prolong\u00e9e de faible taux d\u2019int\u00e9r\u00eat, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ay<span class=\"_ _1\"></span>ant envir<span class=\"_ _1\"></span>on 19 % de leurs obligations de dettes \u00e0 taux fix<span class=\"_ _1\"></span>e. Ceci a \u00e9t\u00e9 r\u00e9alis\u00e9 en concluant des instruments \u00e0 taux fix<span class=\"_ _1\"></span>e ou en couvrant leurs emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable par des contrats de s<span class=\"_ _1\"></span>wap de taux d\u2019int\u00e9r\u00eat. Le pr<span class=\"_ _1\"></span>ofil de taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat relatif aux ins<span class=\"_ _1\"></span>truments financiers portant int\u00e9r\u00eat d\u00e9tenus par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings se pr\u00e9sente<span class=\"_ _8\"></span> comme suit : <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _232\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e <span class=\"_ _17d\"> </span>  Passifs financiers <span class=\"_ _26b\"> </span>37<span class=\"_ _0\"></span>.601 <span class=\"_ _c0\"> </span>40.57<span class=\"_ _0\"></span>4 Instruments \u00e0 taux variable <span class=\"_ _16f\"> </span>  <span class=\"_ _167\"> </span>  Passifs financiers <span class=\"_ _26c\"> </span>567<span class=\"_ _0\"></span>.765 <span class=\"_ _143\"> </span>353.362 Swaps de taux d'int\u00e9r\u00eat (v<span class=\"_ _1\"></span>aleur nominale) <span class=\"_ _244\"> </span>(80<span class=\"_ _1\"></span>.000) <span class=\"_ _c8\"> </span>- Exposition nette \u00e0 des instruments \u00e0 taux v<span class=\"_ _1\"></span>ariable <span class=\"_ _185\"> </span>487<span class=\"_ _0\"></span>.765 <span class=\"_ _10a\"> </span>353.362Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Le Gr<span class=\"_ _1\"></span>oupe ne comptabilise aucun actif ou passif financier \u00e0 taux fix<span class=\"_ _1\"></span>e \u00e0 sa juste valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Par cons\u00e9quent, une v<span class=\"_ _1\"></span>ariation des taux d\u2019int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e n\u2019aur<span class=\"_ _1\"></span>ait pas d\u2019incidence sur le r\u00e9sultat ou les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Analyse de sensibilit\u00e9 des flux de tr\u00e9s<span class=\"_ _1\"></span>orerie pour les instruments \u00e0 taux variable Une variation pos<span class=\"_ _1\"></span>sible raisonnable de 0,25 % des taux d\u2019int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture aur<span class=\"_ _1\"></span>ait augment\u00e9 / (diminu\u00e9) les capitaux propr<span class=\"_ _1\"></span>es et le r\u00e9sultat \u00e0 concurr<span class=\"_ _1\"></span>ence du montant indiqu\u00e9 ci-dessous. L'analyse suppose que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux de change, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span>  <span class=\"_ _222\"> </span>R\u00e9sultat et Capitaux pr<span class=\"_ _1\"></span>opres, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _26d\"> </span>augmentation de 0,25 % <span class=\"_ _6e\"> </span>diminution de 0,25 % 2022 <span class=\"_ _26e\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _17d\"> </span>(721) <span class=\"_ _26f\"> </span>721 2021 <span class=\"_ _270\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _152\"> </span>(1.<span class=\"_ _1\"></span>140) <span class=\"_ _1c6\"> </span>1.140Comme d\u00e9crit \u00e0 la note 23, suit<span class=\"_ _1\"></span>e \u00e0 la hausse des taux d'int\u00e9r\u00eat observ\u00e9es au cours du pr<span class=\"_ _1\"></span>emier semestre 2022, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont commenc\u00e9, au deuxi\u00e8me trimestre 20<span class=\"_ _1\"></span>22, \u00e0 utiliser des swaps de taux d'int\u00e9r\u00eat pour compenser les co\u00fbts financiers futurs pot<span class=\"_ _1\"></span>entiellement plus \u00e9lev\u00e9s des emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable. Ces d\u00e9riv\u00e9s ne sont pas d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e, donc leur \u00e9valuation est incluse dans l'analy<span class=\"_ _1\"></span>se ci-dessus. (c<span class=\"_ _1\"></span>) Actifs et pas<span class=\"_ _1\"></span>sifs d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme couvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> Le tableau ci-dessous indique les p\u00e9riodes pendant lesquelles les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie associ\u00e9s aux couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie sont susc<span class=\"_ _1\"></span>eptibles d\u2019av<span class=\"_ _1\"></span>oir lieu :  2022 <span class=\"_ _271\"> </span>Flux de tr\u00e9sorerie att<span class=\"_ _1\"></span>endus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _244\"> </span>12.024 <span class=\"_ _f7\"> </span>2.595 <span class=\"_ _af\"> </span>5.805 <span class=\"_ _86\"> </span>3.624 <span class=\"_ _9f\"> </span><span class=\"ff18\">12.02<span class=\"_ _1\"></span>4</span> Passifs <span class=\"_ _273\"> </span>(9.80<span class=\"_ _1\"></span>7) <span class=\"_ _1b3\"> </span>(5.338) <span class=\"_ _89\"> </span>(4.4<span class=\"_ _1\"></span>70) <span class=\"_ _1cc\"> </span>- <span class=\"_ _7e\"> </span><span class=\"ff18\">(9.80<span class=\"_ _1\"></span>7)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _18a\"> </span>  <span class=\"_ _5d\"> </span> <span class=\"_ _109\"> </span>  Actifs <span class=\"_ _263\"> </span>46<span class=\"_ _1\"></span>3 <span class=\"_ _1a3\"> </span>(787) <span class=\"_ _5c\"> </span>1.250 <span class=\"_ _1cc\"> </span>- <span class=\"_ _113\"> </span><span class=\"ff18 ls55 ws67\">463</span> Passifs <span class=\"_ _274\"> </span>(956) <span class=\"_ _3d\"> </span>(944) <span class=\"_ _fa\"> </span>(13) <span class=\"_ _1cc\"> </span>- <span class=\"_ _67\"> </span><span class=\"ff18\">(956)</span> <span class=\"_ _275\"> </span>1.723 <span class=\"_ _6c\"> </span>(4.47<span class=\"_ _1\"></span>4) <span class=\"_ _80\"> </span>2.5<span class=\"_ _1\"></span>73 3.624 <span class=\"_ _3b\"> </span>1.723 2021 <span class=\"_ _202\"> </span>Flux de tr\u00e9sorerie attendus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _263\"> </span>536 <span class=\"_ _a1\"> </span>536 <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _56\"> </span><span class=\"ff18 ls92 ws61\">536</span> Passifs <span class=\"_ _10f\"> </span>(1.<span class=\"_ _1\"></span>141) <span class=\"_ _3d\"> </span>(1.14<span class=\"_ _1\"></span>1) <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1f\"> </span><span class=\"ff18\">(1.14<span class=\"_ _1\"></span>1)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _66\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _c3\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff18\">-</span> Passifs <span class=\"_ _18b\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1cc\"> </span>(1.213) <span class=\"_ _1d3\"> </span>14 <span class=\"_ _1cc\"> </span>- <span class=\"_ _68\"> </span><span class=\"ff18\">(1.199)</span> <span class=\"_ _274\"> </span>(1.804) <span class=\"_ _6e\"> </span>(1.818) <span class=\"_ _27\"> </span>14 <span class=\"_ _68\"> </span>- (1.804)Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit des informations sur les \u00e9l\u00e9ments d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sorerie au c<span class=\"_ _1\"></span>ours de l\u2019e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et sur le rappr<span class=\"_ _1\"></span>ochement des montants inclus dans la r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e.  <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _185\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _84\"> </span>     V<span class=\"_ _1\"></span>aleur nominale        V<span class=\"_ _1\"></span>aleur comptable Actifs <span class=\"_ _7e\"> </span>PassifPost<span class=\"_ _1\"></span>e dans l'\u00e9tat de la situation financi\u00e8re o\u00f9 l'instrument de couv<span class=\"_ _1\"></span>erture est inclus     Solde au 1er janvier 2022 V<span class=\"_ _1\"></span>ariations de la valeur de l'instrument de couvertur<span class=\"_ _1\"></span>e reconnu dans les AERG Montantreclass\u00e9de la r\u00e9serve de couv<span class=\"_ _1\"></span>erture en r\u00e9sultat  Effet de change Solde31d\u00e9cembre2022 <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts de change  <span class=\"_ _16b\"> </span> \u00e0 terme <span class=\"_ _277\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 113.<span class=\"_ _1\"></span>141 <span class=\"_ _f\"> </span>12.024 <span class=\"_ _a9\"> </span>(9.80<span class=\"_ _1\"></span>7) D\u00e9riv\u00e9s -  Actifs et (passifs<span class=\"_ _1\"></span>) (605) <span class=\"_ _10e\"> </span>756 <span class=\"_ _1f\"> </span>1.602 <span class=\"_ _9b\"> </span>463 <span class=\"_ _8d\"> </span><span class=\"ff18\">2.216</span> <span class=\"_ _276\"> </span> <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _4e\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 81.339 <span class=\"_ _7e\"> </span>463 <span class=\"_ _7d\"> </span>(956) D\u00e9riv\u00e9s -  A<span class=\"_ _1\"></span>ctifs et(passifs<span class=\"_ _1\"></span>) (1.<span class=\"_ _1\"></span>199) <span class=\"_ _a4\"> </span>1.199 <span class=\"_ _68\"> </span>(493) <span class=\"_ _27\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18 ls55 ws67\">(493)</span> <span class=\"_ _1fb\"> </span>194.480 <span class=\"_ _8\"></span>12.487 (10.7<span class=\"_ _1\"></span>64) <span class=\"_ _213\"> </span> <span class=\"_ _2c\"> </span>(1.804) <span class=\"_ _35\"> </span>1.955 <span class=\"_ _a6\"> </span>1.<span class=\"_ _1\"></span>109 <span class=\"_ _35\"> </span>463 <span class=\"_ _6c\"> </span>1.723(d) Ris<span class=\"_ _1\"></span>que de prix des mati\u00e8res premi\u00e8res Les mar<span class=\"_ _1\"></span>ch\u00e9s des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res ont connu et de<span class=\"_ _1\"></span>vraient continuer \u00e0 c<span class=\"_ _1\"></span>onna\u00eetre des fluctuations de prix. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es \u00e0 l'acier<span class=\"_ _1\"></span>, \u00e0 l'aluminium, au cuivr<span class=\"_ _1\"></span>e et au plomb. Elles utilisent donc, dans la mesure du pos<span class=\"_ _1\"></span>sible, des contra<span class=\"_ _1\"></span>ts \u00e0 terme pour minimiser l'exposition \u00e0 la v<span class=\"_ _1\"></span>olatilit\u00e9 des prix des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res. Les filiales du segment C\u00e2bles ont r<span class=\"_ _1\"></span>ecours \u00e0 l'appariement des achats et des vent<span class=\"_ _1\"></span>es, ou \u00e0 des instruments d\u00e9riv\u00e9s (c<span class=\"_ _1\"></span>ontrats \u00e0 t<span class=\"_ _1\"></span>erme) afin de minimiser l'effet des fluctuations du prix des m\u00e9taux sur leurs r\u00e9sultats. Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le solde net des instruments d\u00e9riv\u00e9s par mati\u00e8r<span class=\"_ _1\"></span>e premi\u00e8r<span class=\"_ _1\"></span>e \u00e9tait de :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Aluminium - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _278\"> </span>(395) <span class=\"_ _12a\"> </span>37<span class=\"_ _1\"></span>3 Cuivre - position longue / (<span class=\"_ _1\"></span>courte<span class=\"_ _1\"></span>) <span class=\"_ _279\"> </span>(59) <span class=\"_ _c0\"> </span>(1.548) Plomb - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _d1\"> </span>(39) <span class=\"_ _198\"> </span>(25) T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>(493) <span class=\"_ _be\"> </span>(1.<span class=\"_ _1\"></span>199)Ces couv<span class=\"_ _1\"></span>ertures sont d\u00e9sign\u00e9es c<span class=\"_ _1\"></span>omme comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> C.4. Risque li\u00e9 \u00e0 l\u2019<span class=\"_ _1\"></span>environnement macro-\u00e9c<span class=\"_ _1\"></span>onomique et financier<span class=\"_ _8\"></span> Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings suivent de pr\u00e8s et de f<span class=\"_ _1\"></span>a\u00e7on continue l\u2019\u00e9volution de l\u2019<span class=\"_ _1\"></span>envir<span class=\"_ _1\"></span>onnement international et national et adaptent en t<span class=\"_ _1\"></span>emps opportun leur strat\u00e9gie d\u2019<span class=\"_ _1\"></span>affaires et leurs politiques de gestion des risques afin de minimiser l\u2019impact des conditions macr<span class=\"_ _1\"></span>o\u00e9conomiques sur leurs op\u00e9rations. Impact du conflit en Ukr<span class=\"_ _1\"></span>aine<span class=\"_ _8\"></span> Le conflit en Ukr<span class=\"_ _1\"></span>aine a commenc\u00e9 en f\u00e9vrier 2022 et a pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>oqu\u00e9 une volatilit\u00e9 sur les mar<span class=\"_ _1\"></span>ch\u00e9s en augmentant la<span class=\"_ _8\"></span> probabilit\u00e9 de perturbations dans de nombr<span class=\"_ _1\"></span>euses parties de l\u2019\u00e9conomie mondiale.  Bien que son impact sur les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ne puisse \u00eatre enti\u00e8r<span class=\"_ _1\"></span>ement pr\u00e9dit \u00e0 l\u2019heure actuelle, l\u2019<span class=\"_ _1\"></span>exposition globale \u00e0 l\u2019Ukr<span class=\"_ _1\"></span>aine et \u00e0 la Russie est tr\u00e8s limit\u00e9e et les c<span class=\"_ _1\"></span>ons\u00e9quences commer<span class=\"_ _1\"></span>ciales n\u2019ont pas \u00e9t\u00e9 mat\u00e9rielles jusqu\u2019\u00e0 pr\u00e9sent, tandis que la m\u00eame chose est att<span class=\"_ _1\"></span>endue dans un avenir pr\u00e9visible<span class=\"_ _1\"></span>. Les vent<span class=\"_ _1\"></span>es sur ces march\u00e9s r<span class=\"_ _1\"></span>epr\u00e9sentent une part insignifiante du chiffre d\u2019<span class=\"_ _1\"></span>affaires t<span class=\"_ _1\"></span>otal (en<span class=\"_ _1\"></span>viron 0,5 % pour 20<span class=\"_ _1\"></span>22) et toute perte de r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus sera enti\u00e8r<span class=\"_ _1\"></span>ement compens\u00e9e par la<span class=\"_ _8\"></span> demande sur d\u2019autr<span class=\"_ _1\"></span>es march\u00e9s. T<span class=\"_ _3c\"></span>outes les re<span class=\"_ _1\"></span>venus pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant de ces march\u00e9s c<span class=\"_ _1\"></span>oncernent des contra<span class=\"_ _1\"></span>ts sign\u00e9s avant 2022, \u00e9tant donn\u00e9 qu\u2019aucun ac<span class=\"_ _1\"></span>cord de v<span class=\"_ _1\"></span>ente n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9 sign\u00e9 avec des clients situ\u00e9s dans c<span class=\"_ _1\"></span>es pays au c<span class=\"_ _1\"></span>ours de l\u2019ann\u00e9e 2022. En outre<span class=\"_ _1\"></span>, les entreprises de Cener<span class=\"_ _1\"></span>gy Holdings ont d\u00e9j\u00e0 pris des mesures pour d\u00e9placer l'appr<span class=\"_ _1\"></span>ovisionnement en mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res pr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>enant pr\u00e9c\u00e9demment de Russie v<span class=\"_ _1\"></span>ers d'autres march\u00e9s et pour at<span class=\"_ _1\"></span>t\u00e9nuer toute perturbation potentielle de leur cha\u00eene d'appr<span class=\"_ _1\"></span>ovisionnement. En ce qui c<span class=\"_ _1\"></span>oncerne le financement, les entr<span class=\"_ _1\"></span>eprises ne sont pas<span class=\"_ _8\"></span> expos\u00e9es aux banques rus<span class=\"_ _1\"></span>ses.<span class=\"_ _8\"></span> Enfin, sur le front de l'\u00e9ner<span class=\"_ _1\"></span>gie, le conflit en Ukr<span class=\"_ _1\"></span>aine a acc\u00e9l\u00e9r\u00e9 l'inflation des prix et les entreprises ont d\u00e9j\u00e0 pris des mesures d'at<span class=\"_ _1\"></span>t\u00e9nuation pour r\u00e9duire tout impact c<span class=\"_ _1\"></span>ommercial li\u00e9 au co\u00fbt de l'\u00e9ner<span class=\"_ _1\"></span>gie. Elles suivent la situa<span class=\"_ _1\"></span>tion de pr\u00e8s<span class=\"_ _8\"></span> et modifieront leur appr<span class=\"_ _1\"></span>oche si n\u00e9cessair<span class=\"_ _1\"></span>e pour garantir l'efficacit\u00e9 op\u00e9r<span class=\"_ _1\"></span>ationnelle.<span class=\"_ _8\"></span> <span class=\"_ _1\"></span> C.5 Risques li\u00e9s au changement climatiqueLes filiales de Cener<span class=\"_ _1\"></span>gy Holdings reconnais<span class=\"_ _1\"></span>sent l\u2019importance de la transpar<span class=\"_ _1\"></span>ence conc<span class=\"_ _1\"></span>ernant les risques et les<span class=\"_ _8\"></span> opportunit\u00e9s li\u00e9s au climat pour maintenir la c<span class=\"_ _1\"></span>onfiance des parties prenant<span class=\"_ _1\"></span>es et permettre aux inv<span class=\"_ _1\"></span>estisseurs de mieux compr<span class=\"_ _1\"></span>endre la tr<span class=\"_ _1\"></span>ansition de l\u2019impact potentiel et les risques et opportunit\u00e9s physiques \u00e9manant du changement climatique. \u00c0 cet<span class=\"_ _1\"></span>te fin, Cenergy Holdings s\u2019<span class=\"_ _1\"></span>est engag\u00e9e \u00e0 \u00e9v<span class=\"_ _1\"></span>aluer la gra<span class=\"_ _1\"></span>vit\u00e9 potentielle des risques et les av<span class=\"_ _1\"></span>antages possibles des opportunit\u00e9s dans le but de prendr<span class=\"_ _1\"></span>e toutes les mesur<span class=\"_ _1\"></span>es n\u00e9cessair<span class=\"_ _1\"></span>es pour att\u00e9nuer<span class=\"_ _8\"></span> les impacts n\u00e9gatifs et maximiser les impacts positifs, et d\u2019adopt<span class=\"_ _1\"></span>er le cadre de la T<span class=\"_ _0\"></span>ask F<span class=\"_ _1\"></span>orce on Climat<span class=\"_ _1\"></span>e-related Financial Disclosures (T<span class=\"_ _1\"></span>CFD<span class=\"_ _1\"></span>) pour communiquer de mani\u00e8r<span class=\"_ _1\"></span>e transparent<span class=\"_ _1\"></span>e tous les risques et opportunit\u00e9s li\u00e9s au climat. Pour ce f<span class=\"_ _1\"></span>aire, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont r\u00e9alis\u00e9 une \u00e9valuation des risques et opportunit\u00e9s li\u00e9s au climat qui a port\u00e9 sur l\u2019<span class=\"_ _1\"></span>ensemble des actifs industriels et immobiliers. Les r\u00e9sultats d\u00e9taill\u00e9s de c<span class=\"_ _1\"></span>ette \u00e9valuation sont pr\u00e9sent\u00e9s au niveau des segments dans les inf<span class=\"_ _1\"></span>ormations non financi\u00e8res qui acc<span class=\"_ _1\"></span>ompagnent le rapport annuel.Le passage \u00e0 une \u00e9c<span class=\"_ _1\"></span>onomie \u00e0 faibles \u00e9missions de carbone n\u00e9cessit<span class=\"_ _1\"></span>e la prise en compte et la mise en \u0153uvr<span class=\"_ _1\"></span>e de<span class=\"_ _8\"></span> certaines mesur<span class=\"_ _1\"></span>es. L\u2019<span class=\"_ _1\"></span>analyse a permis d\u2019identifier<span class=\"_ _1\"></span>, pour chaque segment d\u2019<span class=\"_ _1\"></span>activit\u00e9, les risques de transition et les risques phy<span class=\"_ _1\"></span>siques li\u00e9s au climat les plus importants, ainsi que les opportunit\u00e9s \u00e0 court, moy<span class=\"_ _1\"></span>en et long terme. L<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> risques de transition \u00e9v<span class=\"_ _1\"></span>alu\u00e9s sont li\u00e9s \u00e0 l\u2019\u00e9volution des politiques, des lois, des t<span class=\"_ _1\"></span>echnologies et des march\u00e9s en vue d\u2019att\u00e9nuer le changement clima<span class=\"_ _1\"></span>tique et de s\u2019y adapter<span class=\"_ _1\"></span>. Les mesur<span class=\"_ _1\"></span>es politiques relativ<span class=\"_ _1\"></span>es au changement climatique<span class=\"_ _8\"></span> continuent d\u2019\u00e9v<span class=\"_ _1\"></span>oluer<span class=\"_ _1\"></span>, les am\u00e9liora<span class=\"_ _1\"></span>tions technologiques ou les innov<span class=\"_ _1\"></span>ations qui soutiennent la transition v<span class=\"_ _1\"></span>ers un<span class=\"_ _8\"></span> sy<span class=\"_ _1\"></span>st\u00e8me \u00e9conomique \u00e0 faible \u00e9mission de carbone et \u00e0 haut r<span class=\"_ _1\"></span>endement \u00e9nerg\u00e9tique peuv<span class=\"_ _1\"></span>ent av<span class=\"_ _1\"></span>oir un impact<span class=\"_ _8\"></span> significatif sur les organisa<span class=\"_ _1\"></span>tions, tandis que les changements significatifs sur le march\u00e9, tels que la diminution de la demande de biens ou de services sp\u00e9cifiques ou la baisse des r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enus li\u00e9e aux changements de comportement des clients, sont quelques ex<span class=\"_ _1\"></span>emples des implications qui peuv<span class=\"_ _1\"></span>ent avoir un impact sur le mod\u00e8le \u00e9c<span class=\"_ _1\"></span>onomique et la<span class=\"_ _8\"></span> planification financi\u00e8re des filiales de C<span class=\"_ _1\"></span>energy Holdings. D\u2019autr<span class=\"_ _1\"></span>e part, les \u00e9v\u00e9nements m\u00e9t\u00e9orologiques e<span class=\"_ _1\"></span>xtr\u00eames<span class=\"_ _8\"></span> et les changements \u00e0 plus long terme dans les mod\u00e8les climatiques, t<span class=\"_ _1\"></span>els que la disponibilit\u00e9 limit\u00e9e de l\u2019eau et la chaleur extr\u00eame ou l\u2019\u00e9l\u00e9v<span class=\"_ _1\"></span>ation du niveau de la mer<span class=\"_ _0\"></span>, peuvent a<span class=\"_ _1\"></span>voir des impacts multiples et des implications financi\u00e8res pos<span class=\"_ _1\"></span>sibles pour le groupe Cener<span class=\"_ _1\"></span>gy Holdings.Les risques et opportunit\u00e9s susmentionn\u00e9s ont \u00e9t\u00e9 identifi\u00e9s et class\u00e9s sur une \u00e9chelle de f<span class=\"_ _1\"></span>aible, moy<span class=\"_ _1\"></span>en et \u00e9lev\u00e9, sur la base des impacts r\u00e9els et potentiels sur le mod\u00e8le \u00e9conomique<span class=\"_ _1\"></span>, les actifs et les op\u00e9rations des filiales de Cener<span class=\"_ _1\"></span>gy<span class=\"_ _8\"></span> Holdings, ainsi que des impacts financiers sur la performance de l\u2019<span class=\"_ _1\"></span>entr<span class=\"_ _1\"></span>eprise. Les impacts financiers ont \u00e9t\u00e9 pris en compte dans les es<span class=\"_ _1\"></span>timations comptables dans la mesure o\u00f9 ils peuv<span class=\"_ _1\"></span>ent \u00eatre \u00e9v<span class=\"_ _1\"></span>alu\u00e9s \u00e0 ce jour<span class=\"_ _1\"></span>. En outr<span class=\"_ _1\"></span>e, les d\u00e9fis associ\u00e9s aux engagements li\u00e9s au climat ont \u00e9t\u00e9 pris en compt<span class=\"_ _1\"></span>e, et les entreprises de V<span class=\"_ _1\"></span>iohalco n\u2019<span class=\"_ _1\"></span>ont pas identifi\u00e9 de<span class=\"_ _8\"></span> probl\u00e8mes suppl\u00e9mentair<span class=\"_ _1\"></span>es susceptibles d\u2019a<span class=\"_ _1\"></span>voir un eff<span class=\"_ _1\"></span>et important sur leurs \u00e9tats financiers.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-318-6": {
   "value": "C.<span class=\"_ _1\"></span>1. Risque de cr\u00e9dit<span class=\"_ _8\"></span> Le risque de cr\u00e9dit est le risque de pert<span class=\"_ _1\"></span>e financi\u00e8re pour Cener<span class=\"_ _1\"></span>gy Holdings si un client ou une contrepartie \u00e0 un instrument financier ne r<span class=\"_ _1\"></span>especte pas ses obligations contr<span class=\"_ _1\"></span>actuelles et pro<span class=\"_ _1\"></span>vient principalement des cr\u00e9ances clients<span class=\"_ _8\"></span> et des actifs sur contr<span class=\"_ _1\"></span>ats et des d\u00e9p\u00f4ts aupr\u00e8s des banques.<span class=\"_ _8\"></span> La valeur c<span class=\"_ _1\"></span>omptable des actifs financiers repr\u00e9sente l\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>xposition maximale au risque de cr\u00e9dit.<span class=\"_ _8\"></span>  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _54\"> </span>Note  <span class=\"_ _180\"> </span>2022 <span class=\"_ _121\"> </span>2021 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - courant <span class=\"_ _129\"> </span>15 <span class=\"_ _135\"> </span>192.769 <span class=\"_ _b7\"> </span>132.040 Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs - non courant <span class=\"_ _c3\"> </span>15 <span class=\"_ _11d\"> </span>1.227 <span class=\"_ _124\"> </span>1.177 Actifs sur c<span class=\"_ _1\"></span>ontrats <span class=\"_ _1ce\"> </span>7<span class=\"_ _1\"></span>.D <span class=\"_ _db\"> </span>195.481 <span class=\"_ _11c\"> </span>98.217 Moins : <span class=\"_ _d8\"> </span>  <span class=\"_ _24a\"> </span>  <span class=\"_ _1bc\"> </span>  Autres ac<span class=\"_ _1\"></span>omptes vers\u00e9s <span class=\"_ _24b\"> </span>15 <span class=\"_ _12e\"> </span>(3.17<span class=\"_ _1\"></span>8) <span class=\"_ _e2\"> </span>(624) Actifs d'imp\u00f4t e<span class=\"_ _1\"></span>xigible <span class=\"_ _24c\"> </span>15 <span class=\"_ _be\"> </span>(11.610) <span class=\"_ _db\"> </span>(14.4<span class=\"_ _1\"></span>76) Autres cr\u00e9anc<span class=\"_ _1\"></span>es <span class=\"_ _162\"> </span>15 <span class=\"_ _18a\"> </span>(18.910) <span class=\"_ _128\"> </span>(4.716) Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _143\"> </span>355.778 <span class=\"_ _13f\"> </span>211.617 Inv<span class=\"_ _1\"></span>estissements en capitaux \u00e0 la juste v<span class=\"_ _1\"></span>aleur par  le biais des autres \u00e9l\u00e9ments du r\u00e9sultat global <span class=\"_ _e2\"> </span>22 <span class=\"_ _180\"> </span>6.308 <span class=\"_ _133\"> </span>5.812 T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _24e\"> </span>16 <span class=\"_ _b7\"> </span>16<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>160 <span class=\"_ _170\"> </span>129.606 Instruments d\u00e9riv\u00e9s <span class=\"_ _e7\"> </span>23 <span class=\"_ _128\"> </span>16.612 <span class=\"_ _16b\"> </span>1.480 Sous-total <span class=\"_ _24d\"> </span>  <span class=\"_ _10a\"> </span>190.0<span class=\"_ _1\"></span>79 <span class=\"_ _101\"> </span>136.899 T<span class=\"_ _0\"></span>otal g\u00e9n\u00e9ral <span class=\"_ _149\"> </span>  <span class=\"_ _d0\"> </span>545.857 <span class=\"_ _101\"> </span>348.516(a) Cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et actifs sur contrats L<span class=\"_ _1\"></span>\u2019e<span class=\"_ _1\"></span>xposition de Cener<span class=\"_ _1\"></span>gy Holdings au risque de cr\u00e9dit est principalement influenc\u00e9e par les caract\u00e9ristiques individuelles des clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, la direction des soci\u00e9t\u00e9s consid\u00e8r<span class=\"_ _1\"></span>e \u00e9galement les facteurs susceptibles d\u2019influencer le risque de cr\u00e9dit de leurs clients, notamment le risque de d\u00e9faut du sect<span class=\"_ _1\"></span>eur et du pays dans lequel les clients ex<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ent leur activit\u00e9. A la date de cl\u00f4ture<span class=\"_ _1\"></span>, aucun client ne d\u00e9passe 10 % du chiffre d\u2019<span class=\"_ _1\"></span>affaires c<span class=\"_ _1\"></span>onsolid\u00e9<span class=\"_ _8\"></span> et, par cons\u00e9quent, le risque commer<span class=\"_ _1\"></span>cial est r\u00e9parti sur un gr<span class=\"_ _1\"></span>and nombre de clients. T<span class=\"_ _0\"></span>outef<span class=\"_ _1\"></span>ois, en raison du fait que les activit\u00e9s de certaines filiales (par e<span class=\"_ _1\"></span>xemple, C<span class=\"_ _1\"></span>orinth Pipeworks, Hellenic Cables et F<span class=\"_ _1\"></span>ulgor) sont orient\u00e9es<span class=\"_ _8\"></span> vers des pr<span class=\"_ _1\"></span>ojets, il peut y av<span class=\"_ _1\"></span>oir des cas o\u00f9 ce seuil est d\u00e9pass\u00e9 pour une c<span class=\"_ _1\"></span>ourte p\u00e9riode de temps. C\u2019\u00e9tait le cas en 2022, pour un client sp\u00e9cifique du segment T<span class=\"_ _0\"></span>ubes d\u2019acier<span class=\"_ _1\"></span>, \u00e0 sa<span class=\"_ _1\"></span>voir Collahuasi, en r<span class=\"_ _1\"></span>aison du calendrier d\u2019<span class=\"_ _1\"></span>ex\u00e9cution de certains contr<span class=\"_ _1\"></span>ats sign\u00e9s. Cener<span class=\"_ _1\"></span>gy Holdings a \u00e9labor\u00e9 une politique de cr\u00e9dit selon laquelle chaque nouveau client est e<span class=\"_ _1\"></span>xamin\u00e9 sur une base individuelle du point de vue de sa solvabilit\u00e9, a<span class=\"_ _1\"></span>vant que les termes s<span class=\"_ _1\"></span>tandard de paiement et de livraison lui soient propos\u00e9s. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>amen effectu\u00e9 par Cenergy Holdings inclut des nota<span class=\"_ _1\"></span>tions externes, si elles e<span class=\"_ _1\"></span>xistent et, dans certains cas, des r\u00e9f\u00e9renc<span class=\"_ _1\"></span>es bancaires. Des limites de cr\u00e9dit sont fix\u00e9es pour chaque client. Ils sont r<span class=\"_ _1\"></span>evus sur la base des circ<span class=\"_ _1\"></span>onstances cour<span class=\"_ _1\"></span>antes et, le cas \u00e9ch\u00e9ant, les termes de v<span class=\"_ _1\"></span>entes et de paiement sont r\u00e9ajust\u00e9s. En r\u00e8gle g\u00e9n\u00e9r<span class=\"_ _1\"></span>ale, les limites de cr\u00e9dit des clients sont fix\u00e9es sur la base des limites d\u2019<span class=\"_ _1\"></span>assuranc<span class=\"_ _1\"></span>e re\u00e7ues pour eux par les compagnies d\u2019assur<span class=\"_ _1\"></span>ances et, ensuite<span class=\"_ _1\"></span>, les cr\u00e9ances sont assur\u00e9es sur la base de ces limit<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Lors du suivi du risque de cr\u00e9dit des clients, ceux<span class=\"_ _1\"></span>-ci sont regr<span class=\"_ _1\"></span>oup\u00e9s selon leurs caract\u00e9ristiques cr\u00e9dit, les caract\u00e9ris<span class=\"_ _1\"></span>tiques de l\u2019\u00e9ch\u00e9ance de leurs cr\u00e9ances et les \u00e9v<span class=\"_ _1\"></span>entuels probl\u00e8mes qu\u2019ils ont pr\u00e9sent\u00e9s dans le pass\u00e9 du point de vue de la rec<span class=\"_ _1\"></span>ouvrabilit\u00e9. Les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs incluent principalement des clients de vent<span class=\"_ _1\"></span>es en gros des filiales de Cener<span class=\"_ _1\"></span>gy Holdings. Les clients qualifi\u00e9s comme \u00e9tant \u00ab \u00e0 haut risque \u00bb sont inclus dans une liste sp\u00e9ciale de clients et les v<span class=\"_ _1\"></span>entes subs\u00e9quentes doiv<span class=\"_ _1\"></span>ent \u00eatre pa<span class=\"_ _1\"></span>y\u00e9es \u00e0 l\u2019av<span class=\"_ _1\"></span>ance. Selon le c<span class=\"_ _1\"></span>ontext<span class=\"_ _1\"></span>e du client<span class=\"_ _8\"></span> et son statut, les filiales de Cener<span class=\"_ _1\"></span>gy Holdings peuvent e<span class=\"_ _1\"></span>xiger des garanties ou d'autr<span class=\"_ _1\"></span>es s\u00fbret\u00e9s (par e<span class=\"_ _1\"></span>xemple, des lettres de gar<span class=\"_ _1\"></span>antie) afin d\u2019<span class=\"_ _1\"></span>assurer leurs cr\u00e9anc<span class=\"_ _1\"></span>es, si possible. Cener<span class=\"_ _1\"></span>gy Holdings enregistr<span class=\"_ _1\"></span>e une d\u00e9pr\u00e9ciation qui repr\u00e9sente son es<span class=\"_ _1\"></span>timation des pertes de cr\u00e9dit pr\u00e9vues concernant les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs. Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, l'exposition maximale au risque de cr\u00e9dit pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs par r\u00e9gion g\u00e9ographique \u00e9tait la suiv<span class=\"_ _1\"></span>ante :  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Gr\u00e8ce <span class=\"_ _24f\"> </span>178.892 <span class=\"_ _190\"> </span>96.469 Autres \u00e9ta<span class=\"_ _1\"></span>ts membres de l'UE <span class=\"_ _21a\"> </span>7<span class=\"_ _1\"></span>9.014 <span class=\"_ _e9\"> </span>49.9<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>4 Autres pa<span class=\"_ _1\"></span>ys europ\u00e9ens <span class=\"_ _250\"> </span> 13.521 <span class=\"_ _db\"> </span>25.37<span class=\"_ _1\"></span>2 Asie <span class=\"_ _1ec\"> </span> 13.366 <span class=\"_ _b7\"> </span>36.471 Am\u00e9rique (Nord et Sud) <span class=\"_ _251\"> </span> 69.363 <span class=\"_ _b6\"> </span>2.<span class=\"_ _1\"></span>128 Afrique <span class=\"_ _252\"> </span>1.621 <span class=\"_ _13f\"> </span>1.204 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617Le 31 d\u00e9cembr<span class=\"_ _1\"></span>e, la balance \u00e2g\u00e9e des cr\u00e9anc<span class=\"_ _1\"></span>es clients et autres d\u00e9biteurs qui n'ont pas \u00e9t\u00e9 d\u00e9pr\u00e9ci\u00e9es \u00e9tait la suiv<span class=\"_ _1\"></span>ante :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Ni \u00e9chu ni douteux <span class=\"_ _16f\"> </span> 343.965 <span class=\"_ _192\"> </span>196.7<span class=\"_ _1\"></span>49 \u00c9chu <span class=\"_ _253\"> </span>  <span class=\"_ _167\"> </span>  - Jusqu'\u00e0 6 mois <span class=\"_ _254\"> </span> 10.800 <span class=\"_ _101\"> </span>13.687 - Plus de 6 mois <span class=\"_ _255\"> </span> 1.013 <span class=\"_ _132\"> </span>1.<span class=\"_ _1\"></span>182 T<span class=\"_ _0\"></span>otal <span class=\"_ _150\"> </span> 355.778 <span class=\"_ _13d\"> </span>211.617La direction des filiales es<span class=\"_ _1\"></span>time que les montants dus jusqu\u2019\u00e0 6 mois et plus de 6 mois sont encore enti\u00e8r<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> rec<span class=\"_ _1\"></span>ouvrables, sur la base de l\u2019hist<span class=\"_ _1\"></span>orique des paiements et d\u2019une analyse approf<span class=\"_ _1\"></span>ondie du risque de cr\u00e9dit client, y<span class=\"_ _8\"></span> compris les notations de cr\u00e9dit sous-jac<span class=\"_ _1\"></span>entes, si celles-ci sont disponibles. Aux 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et 2021, les cr\u00e9ances \u00e9chues mais non d\u00e9pr\u00e9ci\u00e9es c<span class=\"_ _1\"></span>oncernaient essentiellement les principaux groupes indus<span class=\"_ _1\"></span>triels, les principaux services publics et priv\u00e9s et les principaux re<span class=\"_ _1\"></span>vendeurs. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings assurent la majorit\u00e9 de leurs cr\u00e9anc<span class=\"_ _1\"></span>es contre le risque de d\u00e9f<span class=\"_ _1\"></span>aut. Au 31 d\u00e9cembre 2022, 85,9 % des soldes dus par les contr<span class=\"_ _1\"></span>eparties \u00e9taient assur\u00e9s. La variation de la d\u00e9pr\u00e9cia<span class=\"_ _1\"></span>tion sur les cr\u00e9ances clients et autres d\u00e9bit<span class=\"_ _1\"></span>eurs et sur les actifs sur contrats se pr\u00e9sent<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> comme suit :  <span class=\"_ _51\"> </span> <span class=\"_ _7\"></span>2022 <span class=\"_ _85\"> </span> <span class=\"_ _41\"> </span> 2021 <span class=\"_ _256\"> </span> <span class=\"_ _258\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _89\"> </span>Cr\u00e9ances clients et autres   d\u00e9biteurs  <span class=\"_ _5b\"> </span> Actifs sur <span class=\"_ _5b\"> </span> contrats <span class=\"_ _1da\"> </span>T<span class=\"_ _0\"></span>otal Cr\u00e9ances clients et autres   d\u00e9biteurs Actifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _112\"> </span>T<span class=\"_ _1\"></span>otal Solde au 1 janvier <span class=\"_ _259\"> </span>26.031 <span class=\"_ _1ad\"> </span>318 <span class=\"_ _7d\"> </span>26.349 <span class=\"_ _89\"> </span>24.390 <span class=\"_ _93\"> </span>143 <span class=\"_ _8d\"> </span>24.533 Perte de v<span class=\"_ _1\"></span>aleur comptabilis\u00e9e <span class=\"_ _213\"> </span>450 <span class=\"_ _1a8\"> </span>12 <span class=\"_ _25a\"> </span><span class=\"ff18 ls55 ws67\">463</span><span class=\"wsae\"> <span class=\"_ _53\"> </span>46 175 <span class=\"_ _31\"></span><span class=\"ff18 ws1\">220</span></span> Reprise de perte de v<span class=\"_ _1\"></span>aleur <span class=\"_ _db\"> </span>(38) <span class=\"_ _113\"> </span>(127) <span class=\"_ _108\"> </span><span class=\"ff18\">(165)</span><span class=\"wsaf\"> <span class=\"_ _3a\"> </span>(168) - <span class=\"_ _25b\"></span><span class=\"ff18 ws1\">(168)</span></span> Reprise de / (perte de v<span class=\"_ _1\"></span>aleur)  sur les cr\u00e9ances et les actifs sur  contr<span class=\"_ _1\"></span>ats <span class=\"_ _1dc\"> </span>412 <span class=\"_ _1cd\"> </span>(115) <span class=\"_ _94\"> </span><span class=\"ff18 ls55 ws67\">297</span><span class=\"wsae\"> <span class=\"_ _6c\"> </span>(122) 175 <span class=\"ff18 ls92 ws61\">53</span></span> Radiations <span class=\"_ _256\"> </span>(153) <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">(153)</span><span class=\"wsaf\"> <span class=\"_ _2d\"> </span>(14) - <span class=\"_ _25d\"></span><span class=\"ff18 ws1\">(14)</span></span> Ecarts de change <span class=\"_ _203\"> </span>1.255 <span class=\"_ _fd\"> </span>- <span class=\"_ _21\"> </span><span class=\"ff18\">1.255</span><span class=\"wsaf\"> <span class=\"_ _5\"> </span>1.<span class=\"_ _1\"></span>777 - <span class=\"_ _25e\"></span><span class=\"ff18 ws1\">1.777</span></span> Solde au 31 d\u00e9cembre <span class=\"_ _180\"> </span>27<span class=\"_ _1\"></span>.545 <span class=\"_ _93\"> </span>203 <span class=\"_ _ef\"> </span>27<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48 <span class=\"_ _1a8\"> </span>26.031 <span class=\"_ _1a5\"> </span>318 <span class=\"_ _6e\"> </span>26.349La pro<span class=\"_ _1\"></span>vision pour pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues sur les cr\u00e9ances clients et les actifs sur contr<span class=\"_ _1\"></span>ats est calcul\u00e9e \u00e0 titre individuel, lorsqu\u2019il exis<span class=\"_ _1\"></span>te un indice de d\u00e9pr\u00e9ciation. Pour les cr\u00e9anc<span class=\"_ _1\"></span>es clients et les actifs sur contrats sans indication de d\u00e9pr\u00e9ciation, les pertes de cr\u00e9dit att<span class=\"_ _1\"></span>endues se fondent sur les donn\u00e9es historiques c<span class=\"_ _1\"></span>ombin\u00e9es aux projections concernant les f<span class=\"_ _1\"></span>acteurs macro\u00e9c<span class=\"_ _1\"></span>onomiques qui influent sur le risque de cr\u00e9dit, notamment le risque pays et les risques li\u00e9s aux secteurs d\u2019<span class=\"_ _1\"></span>activit\u00e9 des clients. La hausse de l\u2019inflation et des taux d\u2019int\u00e9r\u00eat a \u00e9galement \u00e9t\u00e9 prise en<span class=\"_ _8\"></span> compte dans le calcul des pert<span class=\"_ _1\"></span>es de cr\u00e9dit attendues pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e en cours, sans impact significatif sur la perte de valeur c<span class=\"_ _1\"></span>omptabilis\u00e9e.<span class=\"_ _8\"></span> Les gar<span class=\"_ _1\"></span>anties suivantes e<span class=\"_ _1\"></span>xistent pour s\u00e9curiser les cr\u00e9ances et les actifs sur c<span class=\"_ _1\"></span>ontrats non assur\u00e9s : Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Lettr<span class=\"_ _1\"></span>es de garantie bancaire <span class=\"_ _20a\"> </span> -  <span class=\"_ _1c8\"> </span>-  Dettes pouv<span class=\"_ _1\"></span>ant \u00eatre compens\u00e9es par des cr\u00e9ances <span class=\"_ _42\"> </span>8.26<span class=\"_ _1\"></span>7 <span class=\"_ _186\"> </span>8.842 T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>8.267 <span class=\"_ _145\"> </span>8.842(b) T<span class=\"_ _0\"></span>r\u00e9sorerie et \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s d\u00e9tenaient des liquidit\u00e9s et des \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie de 167<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>160 milliers d\u2019eur<span class=\"_ _1\"></span>os<span class=\"_ _8\"></span> au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022. La tr\u00e9sorerie et les \u00e9quiv<span class=\"_ _1\"></span>alents de tr\u00e9sorerie sont d\u00e9tenus aupr\u00e8s de banques et d\u2019ins<span class=\"_ _1\"></span>titutions<span class=\"_ _8\"></span> financi\u00e8res not\u00e9es de AA<span class=\"_ _1\"></span>- \u00e0 B par l\u2019agenc<span class=\"_ _1\"></span>e Fitch. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-331-4": {
   "value": "C.2. Risque de liquidit\u00e9 Le risque de liquidit\u00e9 corr<span class=\"_ _1\"></span>espond au risque que Cenergy Holdings et ses soci\u00e9t\u00e9s \u00e9pr<span class=\"_ _1\"></span>ouvent des difficult\u00e9s \u00e0 r<span class=\"_ _1\"></span>emplir<span class=\"_ _8\"></span> les obligations associ\u00e9es \u00e0 leurs dett<span class=\"_ _1\"></span>es financi\u00e8res qui sont \u00e0 r\u00e9gler par le transf<span class=\"_ _1\"></span>ert de liquidit\u00e9s ou d\u2019un autre actif financier<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>\u2019appr<span class=\"_ _1\"></span>oche adopt\u00e9e afin de g\u00e9rer les liquidit\u00e9s consis<span class=\"_ _1\"></span>te \u00e0 s\u2019assur<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>, autant que possible, qu\u2019<span class=\"_ _1\"></span>elles disposeront de suffisamment de liquidit\u00e9s pour r\u00e9pondr<span class=\"_ _1\"></span>e \u00e0 leurs obligations lorsque celles-ci sont dues, dans des conditions normales, mais aussi dans des c<span class=\"_ _1\"></span>onditions de tensions, sans encourir de pertes inac<span class=\"_ _1\"></span>ceptables ou de risquer de porter att<span class=\"_ _1\"></span>einte \u00e0 leur r\u00e9putation. Afin d\u2019\u00e9vit<span class=\"_ _1\"></span>er les risques de liquidit\u00e9, Cenergy Holdings et ses soci\u00e9t\u00e9s pr<span class=\"_ _1\"></span>oc\u00e8dent \u00e0 une estimation des flux de tr\u00e9sorerie pr\u00e9vus pour l\u2019<span class=\"_ _1\"></span>ann\u00e9e suivante lorsqu\u2019<span class=\"_ _1\"></span>elles pr\u00e9par<span class=\"_ _1\"></span>ent le budget annuel. En outre, elles suiv<span class=\"_ _1\"></span>ent les pr\u00e9visions<span class=\"_ _8\"></span> en glissement mensuel conc<span class=\"_ _1\"></span>ernant les flux de tr\u00e9sorerie du trimestr<span class=\"_ _1\"></span>e suivant, afin de s\u2019as<span class=\"_ _1\"></span>surer de disposer de suffisamment de liquidit\u00e9 pour r\u00e9pondre aux besoins op\u00e9r<span class=\"_ _1\"></span>ationnels, y compris pour couvrir leurs obliga<span class=\"_ _1\"></span>tions<span class=\"_ _8\"></span> financi\u00e8res. C<span class=\"_ _1\"></span>ette politique ne tient pas compte de l\u2019impact pot<span class=\"_ _1\"></span>entiel de circons<span class=\"_ _1\"></span>tances extr\u00eames impr\u00e9visibles. Steelmet S.A., une soci\u00e9t\u00e9 affili\u00e9e, surv<span class=\"_ _1\"></span>eille les besoins en liquidit\u00e9s des soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings et convient de mani\u00e8re c<span class=\"_ _1\"></span>entralis\u00e9e des conditions de financ<span class=\"_ _1\"></span>ement avec les \u00e9tablis<span class=\"_ _1\"></span>sements de cr\u00e9dit en Gr\u00e8ce et dans d\u2019autr<span class=\"_ _1\"></span>es pays.Exposition au risque de liquidit\u00e9 Les passifs financiers et les instruments d\u00e9riv\u00e9s bas\u00e9s sur des \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es contractuelles sont v<span class=\"_ _1\"></span>entil\u00e9s comme suit :31/12/2022 <span class=\"_ _154\"> </span>Flux de tr\u00e9sorerie contr<span class=\"_ _1\"></span>actuels <span class=\"_ _104\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _64\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0  1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _0\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>402.<span class=\"_ _1\"></span>112<span class=\"ff19 wsb1\"> 402.691 <span class=\"_ _ac\"> </span>531 <span class=\"_ _6a\"> </span>956 <span class=\"_ _226\"> </span>26 <span class=\"_ _260\"></span><span class=\"ff18 ws60\">404.204</span></span> Obligations \u00e9mises <span class=\"_ _167\"> </span>199.<span class=\"_ _1\"></span>798<span class=\"ff19 wsb2\"> <span class=\"_ _fc\"> </span>80.891 <span class=\"_ _2b\"> </span>32.778 <span class=\"_ _4\"> </span>93.610 9.<span class=\"_ _1\"></span>487 <span class=\"_ _18\"></span><span class=\"ff18 ws60\">216.<span class=\"_ _1\"></span>766</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _259\"> </span><span class=\"ff18 ws60\">3.457</span><span class=\"wsb3\"> <span class=\"_ _2\"> </span>1.625 <span class=\"_ _5\"> </span>796 1.<span class=\"_ _1\"></span>126 <span class=\"_ _8a\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">3.547</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _242\"> </span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span><span class=\"wsb5\"> 10.7<span class=\"_ _1\"></span>90 <span class=\"_ _f6\"> </span>- <span class=\"_ _85\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 lsf7 wsb4\">10.79<span class=\"_ _8\"></span>0</span></span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _9d\"> </span><span class=\"ff18 ws60\">541.181</span><span class=\"wsb6\"> 54<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>181 <span class=\"_ _b3\"> </span>- <span class=\"_ _a8\"> </span>- <span class=\"_ _fc\"> </span>- <span class=\"_ _261\"></span><span class=\"ff18 ws60\">541.<span class=\"_ _1\"></span>181</span></span>  <span class=\"_ _217\"> </span>1.<span class=\"_ _1\"></span>157<span class=\"_ _0\"></span>.337 <span class=\"_ _1d7\"> </span>1.03<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>178 <span class=\"_ _a4\"> </span>34.<span class=\"_ _1\"></span>104 <span class=\"_ _1b0\"> </span>95.693 <span class=\"_ _21\"> </span>9.512 <span class=\"_ _ec\"> </span>1.17<span class=\"_ _1\"></span>6.48731/12/2021 <span class=\"_ _d1\"> </span>Flux de tr\u00e9sorerie c<span class=\"_ _1\"></span>ontractuels <span class=\"_ _58\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1d\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable Jusqu'\u00e0 1 an 1 \u00e0 2  ans 2 \u00e0 5  ans Plus de 5 ans T<span class=\"_ _1\"></span>otal Pr\u00eats bancaires et aff<span class=\"_ _1\"></span>acturage av<span class=\"_ _1\"></span>ec recours <span class=\"_ _7d\"> </span>203.998<span class=\"ff19 wsb8\"> 19<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.271 <span class=\"_ _106\"> </span>9.057 3.269 <span class=\"_ _24\"> </span>128 <span class=\"_ _23c\"></span><span class=\"ff18 ws60\">209.7<span class=\"_ _1\"></span>25</span></span> Obligations \u00e9mises <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">186.641</span><span class=\"wsb9\"> <span class=\"_ _2c\"> </span>28.065 <span class=\"_ _fc\"> </span>75.683 <span class=\"_ _3\"> </span>76.230 28.4<span class=\"_ _1\"></span>13 <span class=\"_ _2f\"></span><span class=\"ff18 ws60\">208.391</span></span> Obligations locativ<span class=\"_ _1\"></span>es <span class=\"_ _130\"> </span><span class=\"ff18 ws60\">3.296</span><span class=\"wsba\"> <span class=\"_ _26\"> </span>1.665 1.046 <span class=\"_ _3b\"> </span>756 <span class=\"_ _52\"> </span>- <span class=\"_ _19\"></span><span class=\"ff18 ws60\">3.467</span></span> Instruments d\u00e9riv\u00e9s  <span class=\"_ _ea\"> </span><span class=\"ff18 ws60\">2.596</span><span class=\"wsbb\"> 2.596 <span class=\"_ _29\"> </span>- <span class=\"_ _97\"> </span>- <span class=\"_ _8a\"> </span>- <span class=\"_ _262\"></span><span class=\"ff18 ws60\">2.596<span class=\"ff19 ls6 ws1\"> </span></span></span>Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _1d7\"> </span>417<span class=\"_ _0\"></span>.557<span class=\"ff19 wsbc\"> 417<span class=\"_ _0\"></span>.557 <span class=\"_ _53\"> </span>- <span class=\"_ _f6\"> </span>- <span class=\"_ _a7\"> </span>- <span class=\"_ _14\"></span><span class=\"ff18 ws60\">417<span class=\"_ _0\"></span>.557</span></span>  <span class=\"_ _45\"> </span>814.089 <span class=\"_ _4f\"> </span>647<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>154 <span class=\"_ _a4\"> </span>85.7<span class=\"_ _1\"></span>85 <span class=\"_ _1b0\"> </span>80.256 <span class=\"_ _96\"> </span>28.542 <span class=\"_ _69\"> </span>84<span class=\"_ _1\"></span>1.736Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont des emprunts qui contiennent des clauses non financi\u00e8res. En cas de manquement \u00e0 l\u2019une de ces clauses, les soci\u00e9t\u00e9s conc<span class=\"_ _1\"></span>ern\u00e9es doivent r<span class=\"_ _1\"></span>embourser les emprunts de mani\u00e8re anticip\u00e9e par rapport aux \u00e9ch\u00e9anc<span class=\"_ _1\"></span>es indiqu\u00e9es dans le tableau ci-dessus. En vertu des ac<span class=\"_ _1\"></span>cords des emprunts e<span class=\"_ _1\"></span>xistants, les engagements sont contr\u00f4l\u00e9s et communiqu\u00e9s r\u00e9guli\u00e8r<span class=\"_ _1\"></span>ement \u00e0 la direction afin d\u2019<span class=\"_ _1\"></span>assurer leur c<span class=\"_ _1\"></span>onformit\u00e9. \u00c0 l\u2019heure actuelle, il n\u2019<span class=\"_ _1\"></span>exis<span class=\"_ _1\"></span>te pas de clauses non financi\u00e8res (par e<span class=\"_ _1\"></span>xemple r<span class=\"_ _1\"></span>elatives \u00e0 c<span class=\"_ _1\"></span>ertains niveaux de r<span class=\"_ _1\"></span>atios financiers) dans les emprunts exis<span class=\"_ _1\"></span>tants.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-352-4": {
   "value": "C.3. Risque du march\u00e9 Le risque du mar<span class=\"_ _1\"></span>ch\u00e9 est le risque que des fluctuations des cours des mati\u00e8r<span class=\"_ _1\"></span>es premi\u00e8res, des taux de change et des taux d\u2019int\u00e9r\u00eat auront un impact sur les r\u00e9sultats de C<span class=\"_ _1\"></span>energy Holdings et de ses soci\u00e9t\u00e9s ou sur la v<span class=\"_ _1\"></span>aleur de leurs<span class=\"_ _8\"></span> instruments financiers. Les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings utilisent des instruments d\u00e9riv\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er ce risque. En r\u00e8gle g\u00e9n\u00e9rale<span class=\"_ _1\"></span>, elles s\u2019eff<span class=\"_ _1\"></span>orcent d\u2019<span class=\"_ _1\"></span>appliquer une comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture afin de g\u00e9r<span class=\"_ _1\"></span>er la volatilit\u00e9 du r\u00e9sultat. (a) Risque de change : Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s sont expos\u00e9es au risque de change d\u00e9coulant des v<span class=\"_ _1\"></span>entes et achats r\u00e9alis\u00e9s, ainsi que des emprunts libell\u00e9s dans une monnaie autre que la monnaie f<span class=\"_ _1\"></span>onctionnelle de Cenergy Holdings et de ses soci\u00e9t\u00e9s, qui est essentiellement l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o. Les monnaies les plus importantes dans lesquelles c<span class=\"_ _1\"></span>es transactions sont effectu\u00e9es sont l\u2019<span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>, le dollar am\u00e9ricain et la livre st<span class=\"_ _1\"></span>erling.<span class=\"_ _8\"></span> \u00c0 terme, les soci\u00e9t\u00e9s de C<span class=\"_ _1\"></span>energy Holdings couvr<span class=\"_ _1\"></span>ent la majeure partie de leur e<span class=\"_ _1\"></span>xposition aux devises \u00e9trang\u00e8r<span class=\"_ _1\"></span>es li\u00e9es aux vent<span class=\"_ _1\"></span>es et achats pr\u00e9vus, ainsi qu\u2019aux cr\u00e9ances et engagements en de<span class=\"_ _1\"></span>vise \u00e9trang\u00e8r<span class=\"_ _1\"></span>e. Les principaux instruments utilis\u00e9s pour g\u00e9r<span class=\"_ _1\"></span>er le risque de change sont des contrats \u00e0 t<span class=\"_ _1\"></span>erme, conclus av<span class=\"_ _1\"></span>ec des contr<span class=\"_ _1\"></span>eparties<span class=\"_ _8\"></span> ext<span class=\"_ _1\"></span>ernes et expir<span class=\"_ _1\"></span>ant dans un d\u00e9lai inf\u00e9rieur \u00e0 un an \u00e0 compter de la date de cl\u00f4tur<span class=\"_ _1\"></span>e. Lorsque cela es<span class=\"_ _1\"></span>t jug\u00e9 n\u00e9cessair<span class=\"_ _1\"></span>e,<span class=\"_ _8\"></span> ces contr<span class=\"_ _1\"></span>ats sont renouv<span class=\"_ _1\"></span>el\u00e9s \u00e0 l'\u00e9ch\u00e9ance.  L<span class=\"_ _1\"></span>e risque de change peut \u00e9galement \u00eatre couv<span class=\"_ _1\"></span>ert \u00ab naturellement \u00bb en contr<span class=\"_ _1\"></span>actant des emprunts dans les devises r<span class=\"_ _1\"></span>espectives si les int\u00e9r\u00eats des emprunts sont libell\u00e9s dans la m\u00eame devise que celle des flux de tr\u00e9sor<span class=\"_ _1\"></span>erie pro<span class=\"_ _1\"></span>venant des activit\u00e9s op\u00e9r<span class=\"_ _1\"></span>ationnelles.<span class=\"_ _8\"></span> Les inv<span class=\"_ _1\"></span>estissements que C<span class=\"_ _1\"></span>energy Holdings et ses soci\u00e9t\u00e9s r\u00e9alisent dans leurs filiales ne sont pas couv<span class=\"_ _1\"></span>erts, car ces positions de change sont consid\u00e9r\u00e9es comme \u00e9tant prises \u00e0 long t<span class=\"_ _1\"></span>erme et sont principalement en euros. 31/12/2022 <span class=\"_ _7c\"> </span> <span class=\"_ _147\"> </span> <span class=\"_ _fa\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _41\"> </span>27<span class=\"_ _0\"></span>.997 <span class=\"_ _94\"> </span>10.423 <span class=\"_ _34\"> </span>18.591 <span class=\"_ _1d\"> </span>-  <span class=\"_ _8d\"> </span><span class=\"ff18 lsf8 wsbd\">5<span class=\"_ _8\"></span>7.<span class=\"_ _7\"></span>0<span class=\"_ _7\"></span>1<span class=\"_ _7\"></span>2</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _19e\"> </span>9.653 <span class=\"_ _63\"> </span>13 <span class=\"_ _19e\"> </span>364 <span class=\"_ _1cc\"> </span>1 <span class=\"_ _b1\"> </span><span class=\"ff18 ls11 ws5b\">1<span class=\"_ _8\"></span>0.031</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _1ad\"> </span>(1.<span class=\"_ _1\"></span>119) <span class=\"_ _9b\"> </span>(3.892) <span class=\"_ _108\"> </span>(5.285) <span class=\"_ _1d\"> </span>- <span class=\"_ _a6\"> </span><span class=\"ff18\">(10.296)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _1da\"> </span>(98.277) <span class=\"_ _b2\"> </span>(1.<span class=\"_ _1\"></span>048) <span class=\"_ _80\"> </span>(19.664) <span class=\"_ _1d\"> </span>- <span class=\"_ _a9\"> </span><span class=\"ff18\">(118.989)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _9b\"> </span>(41.<span class=\"_ _1\"></span>082) <span class=\"_ _210\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _38\"></span>(66) <span class=\"_ _3f\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff18\">(41.<span class=\"_ _1\"></span>148)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _21\"> </span>(67<span class=\"_ _1\"></span>.650) <span class=\"_ _1cd\"> </span>5.497 <span class=\"_ _1f\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _8b\"> </span>(68.213) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(121.<span class=\"_ _1\"></span>779) <span class=\"_ _55\"> </span>(18.914) <span class=\"_ _5c\"> </span>- <span class=\"_ _1d\"> </span>- <span class=\"_ _a7\"> </span><span class=\"ff18\">(140.69<span class=\"_ _1\"></span>2)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _b1\"> </span>(189.429) <span class=\"_ _21\"> </span>(13.417) <span class=\"_ _a3\"> </span>(6.060) <span class=\"_ _1d\"> </span>1 <span class=\"_ _6a\"> </span>(208.905) 31/12/2021 <span class=\"_ _9a\"> </span> <span class=\"_ _11a\"> </span> <span class=\"_ _fe\"> </span> <span class=\"_ _1d2\"> </span> <span class=\"_ _5b\"> </span> <span class=\"_ _109\"> </span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _12a\"> </span> <span class=\"_ _1d\"> </span>USD <span class=\"_ _4e\"> </span>GBP <span class=\"_ _41\"> </span>RON <span class=\"_ _7d\"> </span>AUTRE <span class=\"_ _6e\"> </span>TO<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AL Cr\u00e9ances clients et autr<span class=\"_ _1\"></span>es d\u00e9biteurs <span class=\"_ _1f7\"> </span> <span class=\"_ _1b1\"> </span>10.028 <span class=\"_ _93\"> </span>7<span class=\"_ _1\"></span>.562 <span class=\"_ _44\"> </span>16.638 <span class=\"_ _94\"> </span>643 <span class=\"_ _68\"> </span><span class=\"ff18\">34.871</span> T<span class=\"_ _1\"></span>r\u00e9sor<span class=\"_ _1\"></span>erie et \u00e9quivalents de tr\u00e9sor<span class=\"_ _1\"></span>erie <span class=\"_ _64\"> </span> <span class=\"_ _1ad\"> </span>4.934 <span class=\"_ _5e\"> </span>2.<span class=\"_ _1\"></span>156 <span class=\"_ _1ad\"> </span>420 <span class=\"_ _1d\"> </span>1 <span class=\"_ _b2\"> </span><span class=\"ff18\">7<span class=\"_ _1\"></span>.511</span> Emprunts et dettes financi\u00e8r<span class=\"_ _1\"></span>es <span class=\"_ _db\"> </span> <span class=\"_ _10e\"> </span>(4.331) <span class=\"_ _210\"> </span>-  <span class=\"_ _86\"> </span>(2.613) <span class=\"_ _1d\"> </span>-  <span class=\"_ _6d\"> </span><span class=\"ff18\">(6.944)</span> Dettes fournis<span class=\"_ _1\"></span>seurs et autres cr\u00e9diteurs <span class=\"_ _5e\"> </span> <span class=\"_ _265\"> </span>(21.230) <span class=\"_ _a4\"> </span>(1.825) <span class=\"_ _f4\"> </span>(14.<span class=\"_ _1\"></span>162) <span class=\"_ _1d\"> </span>-  <span class=\"_ _a6\"> </span><span class=\"ff18\">(3<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.217)</span> Passifs sur contr<span class=\"_ _1\"></span>ats <span class=\"_ _120\"> </span> <span class=\"_ _fe\"> </span>-  <span class=\"_ _19f\"> </span>-  <span class=\"_ _1b5\"> </span>(23) <span class=\"_ _68\"> </span>(4.811) <span class=\"_ _35\"> </span><span class=\"ff18\">(4.834)</span>  <span class=\"_ _263\"> </span> <span class=\"_ _1da\"> </span>(10.5<span class=\"_ _1\"></span>99) <span class=\"_ _93\"> </span>7<span class=\"_ _0\"></span>.893 <span class=\"_ _1ad\"> </span>260 <span class=\"_ _90\"> </span>(4.168) <span class=\"_ _96\"> </span>(6.613) D\u00e9riv\u00e9s pour couv<span class=\"_ _1\"></span>erture de risque  (valeur nominale<span class=\"_ _1\"></span>) <span class=\"_ _264\"> </span> <span class=\"_ _55\"> </span>(39.692) <span class=\"_ _62\"> </span>(21.049) <span class=\"_ _5c\"> </span>-  <span class=\"_ _1e\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff18 ls11 ws5b\">(<span class=\"_ _8\"></span>60.7<span class=\"_ _1\"></span>41<span class=\"_ _8\"></span>)</span> Risque total <span class=\"_ _115\"> </span> <span class=\"_ _f4\"> </span>(50.290) <span class=\"_ _1b0\"> </span>(13.156) <span class=\"_ _46\"> </span>260 <span class=\"_ _53\"> </span>(4.<span class=\"_ _1\"></span>168) <span class=\"_ _a6\"> </span>(6<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>.354)Les taux de change appliqu\u00e9s au cours de l\u2019<span class=\"_ _1\"></span>ann\u00e9e ont \u00e9t\u00e9 les suivants : <span class=\"_ _126\"> </span>T<span class=\"_ _0\"></span>aux de change moy<span class=\"_ _1\"></span>en <span class=\"_ _19e\"> </span>T<span class=\"_ _0\"></span>aux spot de fin d'ann\u00e9e <span class=\"_ _1f3\"> </span>2022 <span class=\"_ _4\"> </span>2021 <span class=\"_ _20\"> </span>2022 2021 USD <span class=\"_ _266\"> </span>1,0530 <span class=\"_ _65\"> </span>1,182<span class=\"_ _1\"></span>7 <span class=\"_ _63\"> </span>1,0666 <span class=\"_ _3f\"> </span>1,<span class=\"_ _1\"></span>1326 GBP <span class=\"_ _22e\"> </span>0<span class=\"_ _1\"></span>,8528 <span class=\"_ _27\"> </span>0,8596 <span class=\"_ _1a3\"> </span>0,8869 <span class=\"_ _93\"> </span>0,8403 RO\u039d <span class=\"_ _267\"> </span>4,9313 <span class=\"_ _4e\"> </span>4,9208 <span class=\"_ _18f\"> </span>4,947<span class=\"_ _0\"></span>4 <span class=\"_ _1ad\"> </span>4,9481Un renf<span class=\"_ _1\"></span>orcement (aff<span class=\"_ _1\"></span>aiblissement) raisonnablement possible de l\u2019<span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o, du dollar am\u00e9ricain, de la livre s<span class=\"_ _1\"></span>terling ou<span class=\"_ _8\"></span> du leu roumain par r<span class=\"_ _1\"></span>apport aux autres de<span class=\"_ _1\"></span>vises au 31 d\u00e9cembre aur<span class=\"_ _1\"></span>ait affect\u00e9 l\u2019\u00e9valua<span class=\"_ _1\"></span>tion des instruments financiers<span class=\"_ _8\"></span> libell\u00e9s en une devise \u00e9tr<span class=\"_ _1\"></span>ang\u00e8re et affect\u00e9 les capitaux pr<span class=\"_ _1\"></span>opres et le c<span class=\"_ _1\"></span>ompte de r\u00e9sultat pour les montants pr\u00e9sent\u00e9s dans le tableau ci-dessous. Cett<span class=\"_ _1\"></span>e analyse part de l\u2019hypoth\u00e8se que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es. Elle fait \u00e9galement abstraction de l\u2019impact des v<span class=\"_ _1\"></span>entes et achats pr\u00e9vus.  <span class=\"_ _177\"> </span>Compt<span class=\"_ _1\"></span>e de r\u00e9sultat <span class=\"_ _1a8\"> </span>Capitaux propr<span class=\"_ _1\"></span>es, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _203\"> </span>Renforc<span class=\"_ _1\"></span>ement <span class=\"_ _6a\"> </span>Affaiblissement <span class=\"_ _a9\"> </span>Renf<span class=\"_ _1\"></span>orcement <span class=\"_ _2d\"> </span>Affaiblissement <span class=\"_ _268\"></span>2022 <span class=\"_ _269\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1d3\"> </span>6.250 <span class=\"_ _25f\"> </span>(7<span class=\"_ _1\"></span>.639) <span class=\"_ _3d\"> </span>17<span class=\"_ _1\"></span>.221 <span class=\"_ _10e\"> </span>(21.048) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.220 <span class=\"_ _89\"> </span>(1.491) <span class=\"_ _5b\"> </span>1.220 <span class=\"_ _1e\"> </span>(1.491) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _be\"> </span>551 <span class=\"_ _f7\"> </span>(6<span class=\"_ _1\"></span>73) <span class=\"_ _188\"> </span>551 <span class=\"_ _3d\"> </span>(67<span class=\"_ _1\"></span>3) <span class=\"_ _268\"></span>2021 <span class=\"_ _26a\"> </span>   <span class=\"_ _0\"></span>  USD (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _1fc\"> </span>1.230 <span class=\"_ _1b3\"> </span>(1.504) <span class=\"_ _5d\"> </span>4.566 <span class=\"_ _1cb\"> </span>(5.580) GBP (mouvement de 10 % par r<span class=\"_ _1\"></span>apport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _192\"> </span>1.186 <span class=\"_ _25f\"> </span>(1.450) <span class=\"_ _63\"> </span>1.186 <span class=\"_ _1ad\"> </span>(1.450) RON (mouv<span class=\"_ _1\"></span>ement de 10 % par rapport \u00e0 l'euro<span class=\"_ _1\"></span>) <span class=\"_ _bb\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _fe\"> </span>29 <span class=\"_ _5c\"> </span>(2<span class=\"_ _1\"></span>4) <span class=\"_ _1cf\"> </span>29(b) Ris<span class=\"_ _1\"></span>que de taux d'int\u00e9r\u00eat :<span class=\"_ _8\"></span> Exposition au risque de taux d'int\u00e9r\u00eat L<span class=\"_ _1\"></span>\u2019ann\u00e9e 2022 a mar<span class=\"_ _1\"></span>qu\u00e9 la fin d\u2019une p\u00e9riode prolong\u00e9e de faible taux d\u2019int\u00e9r\u00eat, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ay<span class=\"_ _1\"></span>ant envir<span class=\"_ _1\"></span>on 19 % de leurs obligations de dettes \u00e0 taux fix<span class=\"_ _1\"></span>e. Ceci a \u00e9t\u00e9 r\u00e9alis\u00e9 en concluant des instruments \u00e0 taux fix<span class=\"_ _1\"></span>e ou en couvrant leurs emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable par des contrats de s<span class=\"_ _1\"></span>wap de taux d\u2019int\u00e9r\u00eat. Le pr<span class=\"_ _1\"></span>ofil de taux<span class=\"_ _8\"></span> d\u2019int\u00e9r\u00eat relatif aux ins<span class=\"_ _1\"></span>truments financiers portant int\u00e9r\u00eat d\u00e9tenus par les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings se pr\u00e9sente<span class=\"_ _8\"></span> comme suit : <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _232\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e <span class=\"_ _17d\"> </span>  Passifs financiers <span class=\"_ _26b\"> </span>37<span class=\"_ _0\"></span>.601 <span class=\"_ _c0\"> </span>40.57<span class=\"_ _0\"></span>4 Instruments \u00e0 taux variable <span class=\"_ _16f\"> </span>  <span class=\"_ _167\"> </span>  Passifs financiers <span class=\"_ _26c\"> </span>567<span class=\"_ _0\"></span>.765 <span class=\"_ _143\"> </span>353.362 Swaps de taux d'int\u00e9r\u00eat (v<span class=\"_ _1\"></span>aleur nominale) <span class=\"_ _244\"> </span>(80<span class=\"_ _1\"></span>.000) <span class=\"_ _c8\"> </span>- Exposition nette \u00e0 des instruments \u00e0 taux v<span class=\"_ _1\"></span>ariable <span class=\"_ _185\"> </span>487<span class=\"_ _0\"></span>.765 <span class=\"_ _10a\"> </span>353.362Instruments \u00e0 taux fix<span class=\"_ _1\"></span>e<span class=\"_ _8\"></span> Le Gr<span class=\"_ _1\"></span>oupe ne comptabilise aucun actif ou passif financier \u00e0 taux fix<span class=\"_ _1\"></span>e \u00e0 sa juste valeur par le biais du c<span class=\"_ _1\"></span>ompte de r\u00e9sultat. Par cons\u00e9quent, une v<span class=\"_ _1\"></span>ariation des taux d\u2019int\u00e9r\u00eat \u00e0 la date de cl\u00f4tur<span class=\"_ _1\"></span>e n\u2019aur<span class=\"_ _1\"></span>ait pas d\u2019incidence sur le r\u00e9sultat ou les capitaux propr<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Analyse de sensibilit\u00e9 des flux de tr\u00e9s<span class=\"_ _1\"></span>orerie pour les instruments \u00e0 taux variable Une variation pos<span class=\"_ _1\"></span>sible raisonnable de 0,25 % des taux d\u2019int\u00e9r\u00eat \u00e0 la da<span class=\"_ _1\"></span>te de cl\u00f4ture aur<span class=\"_ _1\"></span>ait augment\u00e9 / (diminu\u00e9) les capitaux propr<span class=\"_ _1\"></span>es et le r\u00e9sultat \u00e0 concurr<span class=\"_ _1\"></span>ence du montant indiqu\u00e9 ci-dessous. L'analyse suppose que t<span class=\"_ _1\"></span>outes les autres v<span class=\"_ _1\"></span>ariables, en particulier les taux de change, res<span class=\"_ _1\"></span>tent constant<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span>  <span class=\"_ _222\"> </span>R\u00e9sultat et Capitaux pr<span class=\"_ _1\"></span>opres, nets d'imp\u00f4t Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _26d\"> </span>augmentation de 0,25 % <span class=\"_ _6e\"> </span>diminution de 0,25 % 2022 <span class=\"_ _26e\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _17d\"> </span>(721) <span class=\"_ _26f\"> </span>721 2021 <span class=\"_ _270\"> </span> <span class=\"_ _f5\"> </span>  Passifs financiers <span class=\"_ _152\"> </span>(1.<span class=\"_ _1\"></span>140) <span class=\"_ _1c6\"> </span>1.140Comme d\u00e9crit \u00e0 la note 23, suit<span class=\"_ _1\"></span>e \u00e0 la hausse des taux d'int\u00e9r\u00eat observ\u00e9es au cours du pr<span class=\"_ _1\"></span>emier semestre 2022, les soci\u00e9t\u00e9s de Cener<span class=\"_ _1\"></span>gy Holdings ont commenc\u00e9, au deuxi\u00e8me trimestre 20<span class=\"_ _1\"></span>22, \u00e0 utiliser des swaps de taux d'int\u00e9r\u00eat pour compenser les co\u00fbts financiers futurs pot<span class=\"_ _1\"></span>entiellement plus \u00e9lev\u00e9s des emprunts \u00e0 taux v<span class=\"_ _1\"></span>ariable. Ces d\u00e9riv\u00e9s ne sont pas d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e, donc leur \u00e9valuation est incluse dans l'analy<span class=\"_ _1\"></span>se ci-dessus. (c<span class=\"_ _1\"></span>) Actifs et pas<span class=\"_ _1\"></span>sifs d\u00e9riv\u00e9s d\u00e9sign\u00e9s comme couvertures de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie<span class=\"_ _8\"></span> Le tableau ci-dessous indique les p\u00e9riodes pendant lesquelles les flux de tr\u00e9sor<span class=\"_ _1\"></span>erie associ\u00e9s aux couv<span class=\"_ _1\"></span>ertures de flux de tr\u00e9sorerie sont susc<span class=\"_ _1\"></span>eptibles d\u2019av<span class=\"_ _1\"></span>oir lieu :  2022 <span class=\"_ _271\"> </span>Flux de tr\u00e9sorerie att<span class=\"_ _1\"></span>endus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _244\"> </span>12.024 <span class=\"_ _f7\"> </span>2.595 <span class=\"_ _af\"> </span>5.805 <span class=\"_ _86\"> </span>3.624 <span class=\"_ _9f\"> </span><span class=\"ff18\">12.02<span class=\"_ _1\"></span>4</span> Passifs <span class=\"_ _273\"> </span>(9.80<span class=\"_ _1\"></span>7) <span class=\"_ _1b3\"> </span>(5.338) <span class=\"_ _89\"> </span>(4.4<span class=\"_ _1\"></span>70) <span class=\"_ _1cc\"> </span>- <span class=\"_ _7e\"> </span><span class=\"ff18\">(9.80<span class=\"_ _1\"></span>7)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span>  <span class=\"_ _10a\"> </span>  <span class=\"_ _18a\"> </span>  <span class=\"_ _5d\"> </span> <span class=\"_ _109\"> </span>  Actifs <span class=\"_ _263\"> </span>46<span class=\"_ _1\"></span>3 <span class=\"_ _1a3\"> </span>(787) <span class=\"_ _5c\"> </span>1.250 <span class=\"_ _1cc\"> </span>- <span class=\"_ _113\"> </span><span class=\"ff18 ls55 ws67\">463</span> Passifs <span class=\"_ _274\"> </span>(956) <span class=\"_ _3d\"> </span>(944) <span class=\"_ _fa\"> </span>(13) <span class=\"_ _1cc\"> </span>- <span class=\"_ _67\"> </span><span class=\"ff18\">(956)</span> <span class=\"_ _275\"> </span>1.723 <span class=\"_ _6c\"> </span>(4.47<span class=\"_ _1\"></span>4) <span class=\"_ _80\"> </span>2.5<span class=\"_ _1\"></span>73 3.624 <span class=\"_ _3b\"> </span>1.723 2021 <span class=\"_ _202\"> </span>Flux de tr\u00e9sorerie attendus Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _1f7\"> </span>V<span class=\"_ _1\"></span>aleur c<span class=\"_ _1\"></span>omptable <span class=\"_ _93\"> </span>1-6 mois <span class=\"_ _1b1\"> </span>6-12 mois <span class=\"_ _86\"> </span>&gt; 1 an <span class=\"_ _112\"> </span>T<span class=\"_ _0\"></span>otal Contra<span class=\"_ _1\"></span>ts de change \u00e0 terme <span class=\"_ _272\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _263\"> </span>536 <span class=\"_ _a1\"> </span>536 <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _56\"> </span><span class=\"ff18 ls92 ws61\">536</span> Passifs <span class=\"_ _10f\"> </span>(1.<span class=\"_ _1\"></span>141) <span class=\"_ _3d\"> </span>(1.14<span class=\"_ _1\"></span>1) <span class=\"_ _1ff\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1f\"> </span><span class=\"ff18\">(1.14<span class=\"_ _1\"></span>1)</span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _256\"> </span> <span class=\"_ _192\"> </span> <span class=\"_ _db\"> </span> <span class=\"_ _5b\"> </span>  Actifs <span class=\"_ _66\"> </span>- <span class=\"_ _d0\"> </span>- <span class=\"_ _c3\"> </span>- <span class=\"_ _1cc\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff18\">-</span> Passifs <span class=\"_ _18b\"> </span>(1.<span class=\"_ _1\"></span>199) <span class=\"_ _1cc\"> </span>(1.213) <span class=\"_ _1d3\"> </span>14 <span class=\"_ _1cc\"> </span>- <span class=\"_ _68\"> </span><span class=\"ff18\">(1.199)</span> <span class=\"_ _274\"> </span>(1.804) <span class=\"_ _6e\"> </span>(1.818) <span class=\"_ _27\"> </span>14 <span class=\"_ _68\"> </span>- (1.804)Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit des informations sur les \u00e9l\u00e9ments d\u00e9sign\u00e9s comme instruments de c<span class=\"_ _1\"></span>ouverture des flux de tr\u00e9sorerie au c<span class=\"_ _1\"></span>ours de l\u2019e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cice et au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022 et sur le rappr<span class=\"_ _1\"></span>ochement des montants inclus dans la r\u00e9serve de c<span class=\"_ _1\"></span>ouvertur<span class=\"_ _1\"></span>e.  <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _1ce\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _185\"> </span> Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _84\"> </span>     V<span class=\"_ _1\"></span>aleur nominale        V<span class=\"_ _1\"></span>aleur comptable Actifs <span class=\"_ _7e\"> </span>PassifPost<span class=\"_ _1\"></span>e dans l'\u00e9tat de la situation financi\u00e8re o\u00f9 l'instrument de couv<span class=\"_ _1\"></span>erture est inclus     Solde au 1er janvier 2022 V<span class=\"_ _1\"></span>ariations de la valeur de l'instrument de couvertur<span class=\"_ _1\"></span>e reconnu dans les AERG Montantreclass\u00e9de la r\u00e9serve de couv<span class=\"_ _1\"></span>erture en r\u00e9sultat  Effet de change Solde31d\u00e9cembre2022 <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts de change  <span class=\"_ _16b\"> </span> \u00e0 terme <span class=\"_ _277\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 113.<span class=\"_ _1\"></span>141 <span class=\"_ _f\"> </span>12.024 <span class=\"_ _a9\"> </span>(9.80<span class=\"_ _1\"></span>7) D\u00e9riv\u00e9s -  Actifs et (passifs<span class=\"_ _1\"></span>) (605) <span class=\"_ _10e\"> </span>756 <span class=\"_ _1f\"> </span>1.602 <span class=\"_ _9b\"> </span>463 <span class=\"_ _8d\"> </span><span class=\"ff18\">2.216</span> <span class=\"_ _276\"> </span> <span class=\"_ _276\"> </span> Contra<span class=\"_ _1\"></span>ts \u00e0 terme - future <span class=\"_ _4e\"> </span> <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span>  <span class=\"_ _7f\"> </span> <span class=\"_ _27\"> </span> 81.339 <span class=\"_ _7e\"> </span>463 <span class=\"_ _7d\"> </span>(956) D\u00e9riv\u00e9s -  A<span class=\"_ _1\"></span>ctifs et(passifs<span class=\"_ _1\"></span>) (1.<span class=\"_ _1\"></span>199) <span class=\"_ _a4\"> </span>1.199 <span class=\"_ _68\"> </span>(493) <span class=\"_ _27\"> </span>- <span class=\"_ _7d\"> </span><span class=\"ff18 ls55 ws67\">(493)</span> <span class=\"_ _1fb\"> </span>194.480 <span class=\"_ _8\"></span>12.487 (10.7<span class=\"_ _1\"></span>64) <span class=\"_ _213\"> </span> <span class=\"_ _2c\"> </span>(1.804) <span class=\"_ _35\"> </span>1.955 <span class=\"_ _a6\"> </span>1.<span class=\"_ _1\"></span>109 <span class=\"_ _35\"> </span>463 <span class=\"_ _6c\"> </span>1.723(d) Ris<span class=\"_ _1\"></span>que de prix des mati\u00e8res premi\u00e8res Les mar<span class=\"_ _1\"></span>ch\u00e9s des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res ont connu et de<span class=\"_ _1\"></span>vraient continuer \u00e0 c<span class=\"_ _1\"></span>onna\u00eetre des fluctuations de prix. Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings sont expos\u00e9es \u00e0 l'acier<span class=\"_ _1\"></span>, \u00e0 l'aluminium, au cuivr<span class=\"_ _1\"></span>e et au plomb. Elles utilisent donc, dans la mesure du pos<span class=\"_ _1\"></span>sible, des contra<span class=\"_ _1\"></span>ts \u00e0 terme pour minimiser l'exposition \u00e0 la v<span class=\"_ _1\"></span>olatilit\u00e9 des prix des mati\u00e8res pr<span class=\"_ _1\"></span>emi\u00e8res. Les filiales du segment C\u00e2bles ont r<span class=\"_ _1\"></span>ecours \u00e0 l'appariement des achats et des vent<span class=\"_ _1\"></span>es, ou \u00e0 des instruments d\u00e9riv\u00e9s (c<span class=\"_ _1\"></span>ontrats \u00e0 t<span class=\"_ _1\"></span>erme) afin de minimiser l'effet des fluctuations du prix des m\u00e9taux sur leurs r\u00e9sultats. Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e 2022, le solde net des instruments d\u00e9riv\u00e9s par mati\u00e8r<span class=\"_ _1\"></span>e premi\u00e8r<span class=\"_ _1\"></span>e \u00e9tait de :<span class=\"_ _8\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Aluminium - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _278\"> </span>(395) <span class=\"_ _12a\"> </span>37<span class=\"_ _1\"></span>3 Cuivre - position longue / (<span class=\"_ _1\"></span>courte<span class=\"_ _1\"></span>) <span class=\"_ _279\"> </span>(59) <span class=\"_ _c0\"> </span>(1.548) Plomb - position longue / (c<span class=\"_ _1\"></span>ourte) <span class=\"_ _d1\"> </span>(39) <span class=\"_ _198\"> </span>(25) T<span class=\"_ _0\"></span>otal <span class=\"_ _d6\"> </span>(493) <span class=\"_ _be\"> </span>(1.<span class=\"_ _1\"></span>199)Ces couv<span class=\"_ _1\"></span>ertures sont d\u00e9sign\u00e9es c<span class=\"_ _1\"></span>omme comptabilit\u00e9 de couv<span class=\"_ _1\"></span>erture de flux de tr\u00e9sor<span class=\"_ _1\"></span>erie.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-378-3": {
   "value": "31. Liste des filiales Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings et les pourcentages de participa<span class=\"_ _1\"></span>tion d\u00e9tenus \u00e0 la fin de la p\u00e9riode concern\u00e9e sont comme suit :  <span class=\"_ _206\"> </span> Filiales <span class=\"_ _27a\"> </span>Pay<span class=\"_ _1\"></span>s de  constitution P<span class=\"_ _1\"></span>articipations 2022 direct<span class=\"_ _1\"></span>es et indirectes  Participations 2021<span class=\"_ _8\"></span> directes et indirect<span class=\"_ _1\"></span>es<span class=\"_ _7\"></span>  CORINTH PIPEW<span class=\"_ _1\"></span>ORKS S.A. <span class=\"_ _128\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % CPW AMERICA CO <span class=\"_ _146\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TS-UNIS <span class=\"_ _27c\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,00 % HUMBEL L<span class=\"_ _0\"></span>TD <span class=\"_ _1de\"> </span>CHYPRE <span class=\"_ _195\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % V<span class=\"_ _0\"></span>ARSOVIE TUBULAIRE TRADING SP<span class=\"_ _0\"></span>. ZOO<span class=\"_ _1\"></span>. <span class=\"_ _b3\"> </span>POLOGNE <span class=\"_ _120\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % FUL<span class=\"_ _1\"></span>GOR S.A. <span class=\"_ _11e\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100<span class=\"_ _1\"></span>,00 % <span class=\"_ _27b\"> </span>100,<span class=\"_ _1\"></span>00 % ICME ECAB S.A. <span class=\"_ _10b\"> </span>ROUMANIE <span class=\"_ _1fd\"> </span>99,98 % <span class=\"_ _143\"> </span>99,98 % LESCO OOD <span class=\"_ _1f8\"> </span>BULGARIE <span class=\"_ _1df\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % LESCO ROMANIA S.A. <span class=\"_ _130\"> </span>ROUMANIE <span class=\"_ _27d\"> </span>65,00 % <span class=\"_ _d0\"> </span>65,00 % DE LAIRE L<span class=\"_ _0\"></span>TD <span class=\"_ _27e\"> </span>CHYPRE <span class=\"_ _195\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _27b\"> </span>100,00 % HELLENIC CABLES S.A.  HELLENIC CABLE INDUSTR<span class=\"_ _1\"></span>Y S.A. <span class=\"_ _1f7\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,<span class=\"_ _1\"></span>00 % HELLENIC CABLES TRADING CO <span class=\"_ _a1\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>S-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % HELLENIC CABLES AMERICAS C<span class=\"_ _1\"></span>O <span class=\"_ _18f\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>S-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _11a\"> </span>100,00 % SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES  HOLDINGS LL<span class=\"_ _1\"></span>C <span class=\"_ _264\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>TS-UNIS <span class=\"_ _146\"> </span>100,00 % <span class=\"_ _242\"> </span>- SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES LL<span class=\"_ _1\"></span>C <span class=\"_ _5e\"> </span>\u00c9T<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>TS-UNIS <span class=\"_ _27c\"> </span>100,00 % <span class=\"_ _242\"> </span>- CPW SOLAR S.A. <span class=\"_ _245\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100,<span class=\"_ _1\"></span>00 % <span class=\"_ _242\"> </span>- CPW WIND S.A. <span class=\"_ _10b\"> </span>GR\u00c8CE <span class=\"_ _227\"> </span>100<span class=\"_ _1\"></span>,00 % <span class=\"_ _242\"> </span>-Pour tout<span class=\"_ _1\"></span>es les entit\u00e9s ci-dessus, Cenergy Holdings S.A. e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>ce son contr\u00f4le dir<span class=\"_ _1\"></span>ectement et/<span class=\"_ _1\"></span>ou indir<span class=\"_ _1\"></span>ectement. Le 6 janvier 20<span class=\"_ _1\"></span>22, la filiale C-Energy Americas Co<span class=\"_ _1\"></span>. a \u00e9t\u00e9 renomm\u00e9e Hellenic Cables Americas Co<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> En 2022, les filiales suiv<span class=\"_ _1\"></span>antes ont \u00e9t\u00e9 \u00e9tablies :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>Hellenic Cables Americas C<span class=\"_ _1\"></span>o. a \u00e9tabli deux nouvelles filiales aux \u00c9ta<span class=\"_ _1\"></span>ts-Unis, SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES HOLDINGS LL<span class=\"_ _1\"></span>C et SP<span class=\"_ _1\"></span>ARRO<span class=\"_ _1\"></span>WS POINT PROPERTIES LL<span class=\"_ _1\"></span>C., pour sout<span class=\"_ _1\"></span>enir la construction d'une usine de c\u00e2bles sous-marins aux \u00c9tats-Unis. \u2022 <span class=\"_ _20\"> </span>C<span class=\"_ _1\"></span>orinth Pipeworks S.A. a cr\u00e9\u00e9 deux nouv<span class=\"_ _1\"></span>elles filiales en Gr\u00e8ce, CP<span class=\"_ _1\"></span>W SOLAR S.A. et CPW WIND S.A, pour<span class=\"_ _8\"></span> soutenir les futurs plans d'in<span class=\"_ _1\"></span>vestissement, sans qu'une d\u00e9cision finale soit enc<span class=\"_ _1\"></span>ore en place<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-386-4": {
   "value": "32. Entreprises c<span class=\"_ _1\"></span>ommunes<span class=\"_ _8\"></span> Hellenic Cables d\u00e9tient une participation de 62,48 % dans une entr<span class=\"_ _1\"></span>eprise commune nomm\u00e9e V<span class=\"_ _1\"></span>O Cablel V<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>.F<span class=\"_ _1\"></span>., \u00e9tablie en tant que soci\u00e9t\u00e9 de personnes av<span class=\"_ _1\"></span>ec V<span class=\"_ _1\"></span>an Ord. L<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>objet de cett<span class=\"_ _1\"></span>e entreprise commune est de f<span class=\"_ _1\"></span>ournir et<span class=\"_ _8\"></span> d'installer des c\u00e2bles sous-marins et terr<span class=\"_ _1\"></span>estres pour le pr<span class=\"_ _1\"></span>ojet Hollandse Kust (South) Alpha et le pr<span class=\"_ _1\"></span>ojet Hollandse<span class=\"_ _8\"></span> Kust (South) Beta. L<span class=\"_ _1\"></span>e principal lieu d\u2019op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019<span class=\"_ _1\"></span>entreprise commune es<span class=\"_ _1\"></span>t aux Pays-Bas. Hellenic Cables d\u00e9tient une participation de 50,<span class=\"_ _1\"></span>77 % dans un partenariat appel\u00e9 DEME Offshor<span class=\"_ _1\"></span>e NL - Hellenic Cables<span class=\"_ _8\"></span> V<span class=\"_ _0\"></span>.O<span class=\"_ _1\"></span>.F<span class=\"_ _0\"></span>., qui a \u00e9t\u00e9 \u00e9tabli en partenariat av<span class=\"_ _1\"></span>ec Tide<span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Elle a pour objet la mise en \u0153uvre d\u2019un c<span class=\"_ _1\"></span>ontrat cl\u00e9s en main portant sur la fournitur<span class=\"_ _1\"></span>e et l\u2019installation de c\u00e2bles sous-marins permettant le rac<span class=\"_ _1\"></span>cordement du par<span class=\"_ _1\"></span>c \u00e9olien offshore de Seamade au r\u00e9seau belge. Le principal lieu d\u2019<span class=\"_ _1\"></span>op\u00e9r<span class=\"_ _1\"></span>ation de l\u2019activit\u00e9 conjointe es<span class=\"_ _1\"></span>t en Belgique.<span class=\"_ _8\"></span> Fulgor d\u00e9tient une participation de 10,<span class=\"_ _1\"></span>00 % dans un partenariat appel\u00e9 Fulgor \u2013 JDN Consortium, qui a \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Jan De Nul. Le champ d'application de c<span class=\"_ _1\"></span>ette entreprise c<span class=\"_ _1\"></span>ommune est de signer un contr<span class=\"_ _1\"></span>at cl\u00e9 en<span class=\"_ _8\"></span> main pour l'installation de c\u00e2bles sous-marins pour l'inter<span class=\"_ _1\"></span>conne<span class=\"_ _1\"></span>xion Cr\u00e8te-P\u00e9loponn\u00e8se en Gr\u00e8ce. L<span class=\"_ _1\"></span>e principal lieu<span class=\"_ _8\"></span> d'activit\u00e9 de cett<span class=\"_ _1\"></span>e op\u00e9ration commune es<span class=\"_ _1\"></span>t en Gr\u00e8ce. Fulgor d\u00e9tient une participation de 70<span class=\"_ _1\"></span>,27 % dans un partenariat appel\u00e9 F<span class=\"_ _1\"></span>ulgor \u2013 Asso.subsea Lt<span class=\"_ _1\"></span>d Consortium, qui a<span class=\"_ _8\"></span> \u00e9t\u00e9 \u00e9tabli en partenariat a<span class=\"_ _1\"></span>vec Asso<span class=\"_ _1\"></span>.subsea Ltd. Le champ d\u2019<span class=\"_ _1\"></span>application de cett<span class=\"_ _1\"></span>e entreprise commune est d\u2019<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>x\u00e9cuter un contr<span class=\"_ _1\"></span>at cl\u00e9 en main pour la conception, la f<span class=\"_ _1\"></span>abrication, la fourniture et l\u2019installa<span class=\"_ _1\"></span>tion du r\u00e9seau de c\u00e2bles sous-marins de 150 kV reliant le par<span class=\"_ _1\"></span>c \u00e9olien Kafireas II de 330 MW en c<span class=\"_ _1\"></span>onstruction au r\u00e9seau continental de la Gr\u00e8ce<span class=\"_ _1\"></span>. Le<span class=\"_ _8\"></span> principal lieu d'activit\u00e9 de cett<span class=\"_ _1\"></span>e entreprise commune est en Gr\u00e8c<span class=\"_ _1\"></span>e. Les entr<span class=\"_ _1\"></span>eprises communes susmentionn\u00e9es ont \u00e9t\u00e9 form\u00e9es au cours des ann\u00e9es pr\u00e9c\u00e9dent<span class=\"_ _1\"></span>es.<span class=\"_ _8\"></span> Les acc<span class=\"_ _1\"></span>ords r<span class=\"_ _1\"></span>elatifs au consortium V<span class=\"_ _1\"></span>O Cabdel VOF<span class=\"_ _0\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>O.F<span class=\"_ _0\"></span>., Fulgor \u2013 JDN et Fulgor \u2013 Asso<span class=\"_ _1\"></span>.subsea Ltd e<span class=\"_ _1\"></span>xigent le consentement unanime de tout<span class=\"_ _1\"></span>es les parties pour toutes les activit\u00e9s pertinentes. Les deux part<span class=\"_ _1\"></span>enaires disposent de dr<span class=\"_ _1\"></span>oits directs sur les actifs du partenariat et sont solidair<span class=\"_ _1\"></span>ement<span class=\"_ _8\"></span> responsables de ses engagements. C<span class=\"_ _1\"></span>es entit\u00e9s sont donc class\u00e9es en tant qu'entreprises communes et le Gr<span class=\"_ _1\"></span>oupe rec<span class=\"_ _1\"></span>onna\u00eet son droit dir<span class=\"_ _1\"></span>ect sur les actifs, passifs, produits et char<span class=\"_ _1\"></span>ges d\u00e9tenus conjointement, t<span class=\"_ _1\"></span>el que d\u00e9crit \u00e0 la note 5.<span class=\"_ _1\"></span>1(g). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointOperationsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-387-2": {
   "value": "33. Engagements A. Engagements d'achat Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont conclu des contr<span class=\"_ _1\"></span>ats selon leurs plans d'inv<span class=\"_ _1\"></span>estissement, qui devr<span class=\"_ _1\"></span>aient \u00eatre conclus au cours de la pr<span class=\"_ _1\"></span>ochaine ann\u00e9e.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _126\"> </span>24.<span class=\"_ _1\"></span>060 <span class=\"_ _180\"> </span>6.851B. Garanties   <span class=\"_ _1f0\"> </span>Au 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Garanties pour les engagements env<span class=\"_ _1\"></span>ers les fournisseurs <span class=\"_ _27f\"> </span>12.932 <span class=\"_ _128\"> </span>3.414 Garanties pour assur<span class=\"_ _1\"></span>er la bonne ex\u00e9cution des contr<span class=\"_ _1\"></span>ats av<span class=\"_ _1\"></span>ec des clients <span class=\"_ _e6\"> </span>502.038 <span class=\"_ _cd\"> </span>231.506 Garanties pour les sub<span class=\"_ _1\"></span>ventions <span class=\"_ _280\"> </span>4.356 <span class=\"_ _c6\"> </span>9.57334. Passifs \u00e9v<span class=\"_ _1\"></span>entuels A. Litiges et ex<span class=\"_ _1\"></span>amens administratifs En ce qui conc<span class=\"_ _1\"></span>erne les exportations de tubes soud\u00e9s de gr<span class=\"_ _1\"></span>and diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) de Corinth Pipew<span class=\"_ _1\"></span>orks vers les \u00c9tats-Unis pour les p\u00e9riodes avril 20<span class=\"_ _1\"></span>20 - avril 2021 et avril 20<span class=\"_ _1\"></span>21 - avril 2022, des e<span class=\"_ _1\"></span>xamens administra<span class=\"_ _1\"></span>tifs<span class=\"_ _8\"></span> suppl\u00e9mentaires du D\u00e9part<span class=\"_ _1\"></span>ement du commerc<span class=\"_ _1\"></span>e des \u00c9tats-Unis (DOC) sont attendus. Aucune pr<span class=\"_ _1\"></span>ovision n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9<span class=\"_ _8\"></span> enregis<span class=\"_ _1\"></span>tr\u00e9e au titre de ces e<span class=\"_ _1\"></span>xamens administr<span class=\"_ _1\"></span>atifs en raison des faits suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d'avril 2020 \u00e0 avril 20<span class=\"_ _1\"></span>21, aucune vente aux \u00c9tats-Unis n'a \u00e9t\u00e9 soumise \u00e0 des dr<span class=\"_ _1\"></span>oits antidumping; aucun droit suppl\u00e9mentair<span class=\"_ _1\"></span>e n'est donc pr\u00e9vu pour cett<span class=\"_ _1\"></span>e p\u00e9riode.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d\u2019avril 2021 \u00e0 a<span class=\"_ _1\"></span>vril 2022, les vent<span class=\"_ _1\"></span>es aux Etats-Unis soumises \u00e0 des droits antidumping n'\u00e9taient pas significativ<span class=\"_ _1\"></span>es. L'issue d'un tel ex<span class=\"_ _1\"></span>amen administratif es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme tr\u00e8s v<span class=\"_ _1\"></span>olatile et difficile \u00e0<span class=\"_ _8\"></span> pr\u00e9voir<span class=\"_ _0\"></span>, et le montant de tout passif qui en d\u00e9coule ne peut \u00eatr<span class=\"_ _1\"></span>e raisonnablement estim\u00e9. B. Passif d'imp\u00f4t \u00e9v<span class=\"_ _1\"></span>entuel<span class=\"_ _8\"></span> Les d\u00e9clar<span class=\"_ _1\"></span>ations d\u2019imp\u00f4ts des filiales font r\u00e9guli\u00e8rement l'objet de c<span class=\"_ _1\"></span>ontr\u00f4les fiscaux dans la plupart des juridictions<span class=\"_ _8\"></span> o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s ex<span class=\"_ _1\"></span>ercent leurs activit\u00e9s. Ces c<span class=\"_ _1\"></span>ontr\u00f4les pourraient entr<span class=\"_ _1\"></span>a\u00eener des imp\u00f4ts<span class=\"_ _8\"></span> suppl\u00e9mentaires. C<span class=\"_ _1\"></span>energy Holdings pr\u00e9v<span class=\"_ _1\"></span>oit un imp\u00f4t suppl\u00e9mentaire par rapport au r\u00e9sultat de c<span class=\"_ _1\"></span>es contr\u00f4les fiscaux pour le montant pr\u00e9vu \u00e0 r\u00e9gler (ou \u00e0 r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er).<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings estime que ses pro<span class=\"_ _1\"></span>visions pour passifs d\u2019imp\u00f4ts sont ad\u00e9quates pour tout<span class=\"_ _1\"></span>es les ann\u00e9es<span class=\"_ _8\"></span> d\u2019imposition ouvert<span class=\"_ _1\"></span>es sur base de son \u00e9valuation des f<span class=\"_ _1\"></span>acteurs sous-jacents, notamment des interpr\u00e9tations du dr<span class=\"_ _1\"></span>oit<span class=\"_ _8\"></span> fiscal et de leur exp\u00e9rienc<span class=\"_ _1\"></span>e ant\u00e9rieure. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-387-3": {
   "value": "33. Engagements A. Engagements d'achat Les filiales de Cener<span class=\"_ _1\"></span>gy Holdings ont conclu des contr<span class=\"_ _1\"></span>ats selon leurs plans d'inv<span class=\"_ _1\"></span>estissement, qui devr<span class=\"_ _1\"></span>aient \u00eatre conclus au cours de la pr<span class=\"_ _1\"></span>ochaine ann\u00e9e.  <span class=\"_ _15b\"> </span>Au 31 d\u00e9cembr<span class=\"_ _1\"></span>e<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Immobilisations corpor<span class=\"_ _1\"></span>elles <span class=\"_ _126\"> </span>24.<span class=\"_ _1\"></span>060 <span class=\"_ _180\"> </span>6.851B. Garanties   <span class=\"_ _1f0\"> </span>Au 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 Garanties pour les engagements env<span class=\"_ _1\"></span>ers les fournisseurs <span class=\"_ _27f\"> </span>12.932 <span class=\"_ _128\"> </span>3.414 Garanties pour assur<span class=\"_ _1\"></span>er la bonne ex\u00e9cution des contr<span class=\"_ _1\"></span>ats av<span class=\"_ _1\"></span>ec des clients <span class=\"_ _e6\"> </span>502.038 <span class=\"_ _cd\"> </span>231.506 Garanties pour les sub<span class=\"_ _1\"></span>ventions <span class=\"_ _280\"> </span>4.356 <span class=\"_ _c6\"> </span>9.573",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-389-4": {
   "value": "34. Passifs \u00e9v<span class=\"_ _1\"></span>entuels A. Litiges et ex<span class=\"_ _1\"></span>amens administratifs En ce qui conc<span class=\"_ _1\"></span>erne les exportations de tubes soud\u00e9s de gr<span class=\"_ _1\"></span>and diam\u00e8tre (LD<span class=\"_ _1\"></span>WP) de Corinth Pipew<span class=\"_ _1\"></span>orks vers les \u00c9tats-Unis pour les p\u00e9riodes avril 20<span class=\"_ _1\"></span>20 - avril 2021 et avril 20<span class=\"_ _1\"></span>21 - avril 2022, des e<span class=\"_ _1\"></span>xamens administra<span class=\"_ _1\"></span>tifs<span class=\"_ _8\"></span> suppl\u00e9mentaires du D\u00e9part<span class=\"_ _1\"></span>ement du commerc<span class=\"_ _1\"></span>e des \u00c9tats-Unis (DOC) sont attendus. Aucune pr<span class=\"_ _1\"></span>ovision n\u2019<span class=\"_ _1\"></span>a \u00e9t\u00e9<span class=\"_ _8\"></span> enregis<span class=\"_ _1\"></span>tr\u00e9e au titre de ces e<span class=\"_ _1\"></span>xamens administr<span class=\"_ _1\"></span>atifs en raison des faits suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d'avril 2020 \u00e0 avril 20<span class=\"_ _1\"></span>21, aucune vente aux \u00c9tats-Unis n'a \u00e9t\u00e9 soumise \u00e0 des dr<span class=\"_ _1\"></span>oits antidumping; aucun droit suppl\u00e9mentair<span class=\"_ _1\"></span>e n'est donc pr\u00e9vu pour cett<span class=\"_ _1\"></span>e p\u00e9riode.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _20\"> </span>P<span class=\"_ _1\"></span>our la p\u00e9riode allant d\u2019avril 2021 \u00e0 a<span class=\"_ _1\"></span>vril 2022, les vent<span class=\"_ _1\"></span>es aux Etats-Unis soumises \u00e0 des droits antidumping n'\u00e9taient pas significativ<span class=\"_ _1\"></span>es. L'issue d'un tel ex<span class=\"_ _1\"></span>amen administratif es<span class=\"_ _1\"></span>t consid\u00e9r\u00e9e comme tr\u00e8s v<span class=\"_ _1\"></span>olatile et difficile \u00e0<span class=\"_ _8\"></span> pr\u00e9voir<span class=\"_ _0\"></span>, et le montant de tout passif qui en d\u00e9coule ne peut \u00eatr<span class=\"_ _1\"></span>e raisonnablement estim\u00e9. B. Passif d'imp\u00f4t \u00e9v<span class=\"_ _1\"></span>entuel<span class=\"_ _8\"></span> Les d\u00e9clar<span class=\"_ _1\"></span>ations d\u2019imp\u00f4ts des filiales font r\u00e9guli\u00e8rement l'objet de c<span class=\"_ _1\"></span>ontr\u00f4les fiscaux dans la plupart des juridictions<span class=\"_ _8\"></span> o\u00f9 Cener<span class=\"_ _1\"></span>gy Holdings et ses soci\u00e9t\u00e9s ex<span class=\"_ _1\"></span>ercent leurs activit\u00e9s. Ces c<span class=\"_ _1\"></span>ontr\u00f4les pourraient entr<span class=\"_ _1\"></span>a\u00eener des imp\u00f4ts<span class=\"_ _8\"></span> suppl\u00e9mentaires. C<span class=\"_ _1\"></span>energy Holdings pr\u00e9v<span class=\"_ _1\"></span>oit un imp\u00f4t suppl\u00e9mentaire par rapport au r\u00e9sultat de c<span class=\"_ _1\"></span>es contr\u00f4les fiscaux pour le montant pr\u00e9vu \u00e0 r\u00e9gler (ou \u00e0 r<span class=\"_ _1\"></span>ecouvr<span class=\"_ _1\"></span>er).<span class=\"_ _8\"></span> Cener<span class=\"_ _1\"></span>gy Holdings estime que ses pro<span class=\"_ _1\"></span>visions pour passifs d\u2019imp\u00f4ts sont ad\u00e9quates pour tout<span class=\"_ _1\"></span>es les ann\u00e9es<span class=\"_ _8\"></span> d\u2019imposition ouvert<span class=\"_ _1\"></span>es sur base de son \u00e9valuation des f<span class=\"_ _1\"></span>acteurs sous-jacents, notamment des interpr\u00e9tations du dr<span class=\"_ _1\"></span>oit<span class=\"_ _8\"></span> fiscal et de leur exp\u00e9rienc<span class=\"_ _1\"></span>e ant\u00e9rieure. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-392-3": {
   "value": "B. R\u00e9mun\u00e9ration des principaux dirigeants Le tableau ci-dessous f<span class=\"_ _1\"></span>ournit un aper\u00e7u des transactions av<span class=\"_ _1\"></span>ec les membres du Conseil d\u2019<span class=\"_ _1\"></span>administration et la direction e<span class=\"_ _1\"></span>x\u00e9cutive :  <span class=\"_ _114\"> </span>Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embre<span class=\"_ _7\"></span> <span class=\"_ _1\"></span>  Montants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _14d\"> </span>2022 <span class=\"_ _b6\"> </span>2021 R\u00e9mun\u00e9ration des membr<span class=\"_ _1\"></span>es du Conseil d\u2019administr<span class=\"_ _1\"></span>ation et de la direction <span class=\"_ _170\"> </span>1.285 <span class=\"_ _c6\"> </span>1.060La r\u00e9mun\u00e9ration des membr<span class=\"_ _1\"></span>es du Conseil d\u2019adminis<span class=\"_ _1\"></span>tration et de la dir<span class=\"_ _1\"></span>ection indiqu\u00e9e dans le tableau ci-dessus est fix<span class=\"_ _1\"></span>e. Aucune r\u00e9mun\u00e9ration v<span class=\"_ _1\"></span>ariable, aucun av<span class=\"_ _1\"></span>antage post\u00e9rieur \u00e0 l'emploi ni aucun av<span class=\"_ _1\"></span>antage sous forme d'actions n'ont \u00e9t\u00e9 vers\u00e9s. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-393-2": {
   "value": "36.<span class=\"_\"> </span>Honorair<span class=\"_ _1\"></span>es du commissair<span class=\"_ _1\"></span>eLe commis<span class=\"_ _1\"></span>saire de la Soci\u00e9t\u00e9 (PwC Reviseurs d\u2019Entr<span class=\"_ _1\"></span>eprises SRL) et un certain nombr<span class=\"_ _1\"></span>e d\u2019autres cabinets membr<span class=\"_ _1\"></span>es<span class=\"_ _8\"></span> du r\u00e9seau du commissair<span class=\"_ _1\"></span>e ont re\u00e7u des honor<span class=\"_ _1\"></span>aires pour les services suiv<span class=\"_ _1\"></span>ants :<span class=\"_ _8\"></span> Pour l\u2019<span class=\"_ _1\"></span>ex<span class=\"_ _1\"></span>ercice clos le 31 d\u00e9c<span class=\"_ _1\"></span>embreMontants en milliers d\u2019<span class=\"_ _1\"></span>euros <span class=\"_ _232\"> </span>2022 <span class=\"_ _b6\"> </span>2021 PwC R\u00e9viseurs d\u2019Entreprises SRL  Missions d\u2019at<span class=\"_ _1\"></span>testations <span class=\"_ _285\"> </span>112 <span class=\"_ _133\"> </span>105 Services r<span class=\"_ _1\"></span>elatifs \u00e0 l\u2019audit <span class=\"_ _290\"> </span>16 <span class=\"_ _f8\"> </span>22128<span class=\"_\"> </span>126 R\u00e9seau PwC Missions d\u2019at<span class=\"_ _1\"></span>testations <span class=\"_ _291\"> </span>304 <span class=\"_ _df\"> </span>284 Missions de conseils fiscaux <span class=\"_ _292\"> </span>93 <span class=\"_ _121\"> </span>136 Autres mis<span class=\"_ _1\"></span>sions <span class=\"_ _293\"> </span>- <span class=\"_ _1c8\"> </span>4397<span class=\"ls6 ws1\"> <span class=\"_ _137\"> </span><span class=\"ls94 ws5c\">4<span class=\"_ _8\"></span>24</span></span> <span class=\"wscc\">T<span class=\"_ _0\"></span>otal<span class=\"_\"> </span>525<span class=\"ws1\"> <span class=\"_ _121\"> </span>551</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "fr",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "s8_notes__6__6": {
   "value": "0.05",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  }
 }
}