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  "pp-value-1-1": {
   "value": "6. Not<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>o the Consolida<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _4\"></span>ements 1. Reporting entity Cener<span class=\"_ _0\"></span>gy HoldingsS.A. (hereaft<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>eferr<span class=\"_ _0\"></span>ed to as \u201cthe Compan<span class=\"_ _0\"></span>y\u201d or \u201cCener<span class=\"_ _0\"></span>gy Holdings\u201d) is a soci\u00e9t\u00e9 anonyme domiciled in Belgiumincorpor<span class=\"_ _0\"></span>ated under the Belgian la<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>. The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s corpor<span class=\"_ _4\"></span>ate registr<span class=\"_ _4\"></span>ation number is<span class=\"_ _8\"></span> 0649.991.654 and its r<span class=\"_ _0\"></span>egist<span class=\"_ _0\"></span>ered offic<span class=\"_ _0\"></span>e is locat<span class=\"_ _0\"></span>ed at 30 A<span class=\"_ _4\"></span>venue Marnix, 1000 Brussels Belgium.T<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y\u2019s Consolidated Financial S<span class=\"_ _0\"></span>tatements include those of the C<span class=\"_ _0\"></span>ompany and its subsidiaries (together r<span class=\"_ _4\"></span>eferred to as \u201cthe Group\u201d), and C<span class=\"_ _0\"></span>energy Holdings\u2019 int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in associat<span class=\"_ _0\"></span>es acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or using the equity method.  Cener<span class=\"_ _0\"></span>gy Holdings is a holding compan<span class=\"_ _0\"></span>y with participations in 16 companies. W<span class=\"_ _0\"></span>ith production f<span class=\"_ _0\"></span>acilities in Gr<span class=\"_ _0\"></span>eece, Bulgaria and Romania, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries specialise in manufacturing s<span class=\"_ _0\"></span>teel pipes and cables pr<span class=\"_ _0\"></span>oducts. Information on the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s structur<span class=\"_ _0\"></span>e is pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided in note 31. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 shares ar<span class=\"_ _4\"></span>e publicly traded on Eurone<span class=\"_ _4\"></span>xt Brussels, with a secondary listing on the A<span class=\"_ _0\"></span>thens Stock ex<span class=\"_ _4\"></span>change (trading ticker \u201cCENER\u201d).  The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s electr<span class=\"_ _0\"></span>onic addres<span class=\"_ _0\"></span>s is www<span class=\"_ _1\"></span>.cener<span class=\"_ _0\"></span>gyholdings.c<span class=\"_ _0\"></span>om, where the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been posted. Cener<span class=\"_ _0\"></span>gy Holdings is a subsidiary of Viohalc<span class=\"_ _0\"></span>o S.A.(79.<span class=\"_ _4\"></span>78% of voting rights). V<span class=\"_ _4\"></span>iohalco S.A. (hereafter r<span class=\"_ _4\"></span>eferred to as \u201cViohalc<span class=\"_ _0\"></span>o\u201d) is a Belgium-based holding compan<span class=\"_ _0\"></span>y whose subsidiaries are specialised in the manuf<span class=\"_ _0\"></span>actur<span class=\"_ _0\"></span>e of aluminium, copper<span class=\"_ _1\"></span>, cables, steel and steel pipes pr<span class=\"_ _0\"></span>oducts, and ar<span class=\"_ _0\"></span>e committ<span class=\"_ _0\"></span>ed to the sus<span class=\"_ _0\"></span>tainable dev<span class=\"_ _4\"></span>elopment of<span class=\"_ _8\"></span> quality<span class=\"_ _1\"></span>, innova<span class=\"_ _0\"></span>tive and v<span class=\"_ _4\"></span>alue-added products and solutions for a dynamic global client base.  2. Basis of acc<span class=\"_ _0\"></span>ounting Statement of c<span class=\"_ _0\"></span>ompliance The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  Details of the Company\u2019<span class=\"_ _4\"></span>s accounting policies are included in Not<span class=\"_ _0\"></span>e 5. Basis of measurement The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements hav<span class=\"_ _4\"></span>e been prepared in ac<span class=\"_ _0\"></span>cor<span class=\"_ _4\"></span>dance with the historical cos<span class=\"_ _0\"></span>t principle with the ex<span class=\"_ _4\"></span>ception of the follo<span class=\"_ _0\"></span>wing assets and liabilities which ar<span class=\"_ _0\"></span>e measured on an alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e basis on each r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>.  \u2022 <span class=\"_ _23\"> </span>Deriv<span class=\"_ _4\"></span>ative financial instruments held f<span class=\"_ _0\"></span>or hedging purposes (fair v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>); \u2022 <span class=\"_ _23\"> </span>Equit<span class=\"_ _0\"></span>y inv<span class=\"_ _4\"></span>estments at FVOCI (f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>); \u2022 <span class=\"_ _23\"> </span>Net defined benefit liabilit<span class=\"_ _0\"></span>y (present v<span class=\"_ _4\"></span>alue of the obligation).<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has pr<span class=\"_ _0\"></span>epared the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements on the basis that it will c<span class=\"_ _0\"></span>ontinue to oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e as a going concern. 3. Functional currency and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency  The functional and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency of the Compan<span class=\"_ _0\"></span>y and the Gr<span class=\"_ _0\"></span>oupis the euro<span class=\"_ _0\"></span>. All amounts in the Consolidated Financial S<span class=\"_ _0\"></span>tatements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ounded to the near<span class=\"_ _0\"></span>est thousand, unles<span class=\"_ _0\"></span>s otherwise indicated. As such, due to r<span class=\"_ _0\"></span>ounding, figur<span class=\"_ _0\"></span>es shown as t<span class=\"_ _0\"></span>otals in certain tables ma<span class=\"_ _0\"></span>y not be arithmetic aggr<span class=\"_ _0\"></span>egations of the figur<span class=\"_ _0\"></span>es that prec<span class=\"_ _0\"></span>ede them. 4. Use of estimat<span class=\"_ _0\"></span>es and judgements Preparing financial s<span class=\"_ _0\"></span>tatements in line with IFRS r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es that Management mak<span class=\"_ _0\"></span>es judgements, estimat<span class=\"_ _0\"></span>es and assumptions that affect the applica<span class=\"_ _0\"></span>tion of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and the report<span class=\"_ _0\"></span>ed amounts of assets, liabilities, income and e<span class=\"_ _4\"></span>xpenses. The actual results ma<span class=\"_ _0\"></span>y differ fr<span class=\"_ _0\"></span>om these estimat<span class=\"_ _0\"></span>es.  Management\u2019s estima<span class=\"_ _0\"></span>tes and judgements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>wed on an ongoing basis. Re<span class=\"_ _0\"></span>visions to estimat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised prospectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  Information about judgements, assumptions and es<span class=\"_ _0\"></span>timation uncertainties that ha<span class=\"_ _4\"></span>ve significant risk of resulting in a material adjustment t<span class=\"_ _0\"></span>o the carrying amounts of assets and liabilities in the ne<span class=\"_ _4\"></span>xt financial year is included in the follo<span class=\"_ _0\"></span>wing notes: \u2022<span class=\"_ _12\"> </span>Note 7<span class=\"_ _1\"></span>.F \u2013 Rev<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition;\u2022<span class=\"_ _12\"> </span>Note 11.<span class=\"_ _0\"></span>C.a \u2013 Measurement of defined benefit obliga<span class=\"_ _0\"></span>tions: ke<span class=\"_ _4\"></span>y actuarial assumptions;\u2022<span class=\"_ _12\"> </span>Note 13.<span class=\"_ _0\"></span>C \u2013 Recognition of def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets, a<span class=\"_ _0\"></span>vailabilit<span class=\"_ _0\"></span>y of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits against which carryforw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>dtax losses can be used;\u2022<span class=\"_ _12\"> </span>Note 15.B \u2013 Reco<span class=\"_ _4\"></span>verabilit<span class=\"_ _0\"></span>y of ov<span class=\"_ _4\"></span>erdue rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able from a f<span class=\"_ _0\"></span>ormer cust<span class=\"_ _0\"></span>omer in the Middle-East;\u2022<span class=\"_ _12\"> </span>Note 17<span class=\"_ _1\"></span>.D \u2013 Impairment loss on Property<span class=\"_ _1\"></span>, plant and equipment;\u2022<span class=\"_ _12\"> </span>Note 19.D \u2013 Impairment tes<span class=\"_ _0\"></span>t: ke<span class=\"_ _4\"></span>y assumptions underlying reco<span class=\"_ _4\"></span>verable amounts;\u2022<span class=\"_ _12\"> </span>Note 20.B \u2013 Measur<span class=\"_ _0\"></span>ement of fair v<span class=\"_ _4\"></span>alue of Investment pr<span class=\"_ _4\"></span>operty;\u2022<span class=\"_ _12\"> </span>Note 30.<span class=\"_ _4\"></span>C1 \u2013 Measurement of expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses on tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets: k<span class=\"_ _4\"></span>ey assumptionsin determining e<span class=\"_ _0\"></span>xpected los<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>tes.5.<span class=\"_\"> </span>Significant acc<span class=\"_ _0\"></span>ounting policiesThe ac<span class=\"_ _0\"></span>counting principles described belo<span class=\"_ _0\"></span>w hav<span class=\"_ _4\"></span>e been consistently applied t<span class=\"_ _0\"></span>o all periods present<span class=\"_ _0\"></span>ed in these Consolidated Financial S<span class=\"_ _0\"></span>tatements and ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e also been consis<span class=\"_ _0\"></span>tently applied b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings and its subsidiaries and its equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estees.  5.<span class=\"_ _4\"></span>1 Basis of Consolidation<span class=\"_ _8\"></span> (a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. (b)<span class=\"_\"> </span>C<span class=\"_ _0\"></span>ommon contr<span class=\"_ _0\"></span>ol transactionsA business combination, in which all of the c<span class=\"_ _0\"></span>ombining entities or businesses ar<span class=\"_ _0\"></span>e ultimat<span class=\"_ _0\"></span>ely contr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y the same party or parties both befor<span class=\"_ _0\"></span>e and after the busines<span class=\"_ _0\"></span>s combination and when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is not transit<span class=\"_ _0\"></span>ory<span class=\"_ _1\"></span>, is a common<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>ol tr<span class=\"_ _0\"></span>ansaction. The Gr<span class=\"_ _0\"></span>oup has chosen to ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or such common c<span class=\"_ _0\"></span>ontrol tr<span class=\"_ _4\"></span>ansactions at book value (<span class=\"_ _0\"></span>carry-ov<span class=\"_ _4\"></span>er basis). The identifiable net assets ac<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed are not measur<span class=\"_ _4\"></span>ed at fair value but r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded at their carrying amounts; <span class=\"ws1\">intangible as<span class=\"_ _0\"></span>sets and contingent liabilities ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed only to the e<span class=\"_ _0\"></span>xtent that the<span class=\"_ _4\"></span>y were r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> </span>befor<span class=\"_ _0\"></span>e the business combina<span class=\"_ _0\"></span>tion in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with applicable IFRS. Any diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the consider<span class=\"_ _4\"></span>ation paid<span class=\"_ _8\"></span> and the capital of the acquir<span class=\"_ _0\"></span>ee is present<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>etained earnings within equity<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>ransaction cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e expensed as incurred. (c<span class=\"_ _0\"></span>)  Subsidiaries Subsidiaries are entities c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>olled by C<span class=\"_ _0\"></span>energy Holdings. C<span class=\"_ _0\"></span>energy Holdings c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols an entity when it is e<span class=\"_ _0\"></span>xposed to<span class=\"_ _0\"></span>, or has rights to<span class=\"_ _0\"></span>, variable r<span class=\"_ _4\"></span>eturns from its inv<span class=\"_ _4\"></span>olvement with the entity and has the ability to aff<span class=\"_ _0\"></span>ect those r<span class=\"_ _0\"></span>eturns through its po<span class=\"_ _4\"></span>wer ov<span class=\"_ _4\"></span>er the entity<span class=\"_ _4\"></span>. The financial stat<span class=\"_ _0\"></span>ements of the subsidiaries are included in the C<span class=\"_ _0\"></span>onsolidated Financial Statements fr<span class=\"_ _4\"></span>om the date on which control c<span class=\"_ _0\"></span>ommences until the da<span class=\"_ _0\"></span>te on which contr<span class=\"_ _4\"></span>ol ceases.<span class=\"_ _8\"></span> (d) Non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>ts Non-contr<span class=\"_ _0\"></span>olling inter<span class=\"_ _0\"></span>ests (NCI) ar<span class=\"_ _4\"></span>e measured at fair v<span class=\"_ _0\"></span>alue or at their pr<span class=\"_ _0\"></span>oportionate shar<span class=\"_ _4\"></span>e of the acquiree\u2019<span class=\"_ _0\"></span>s identifiable net assets at the dat<span class=\"_ _0\"></span>e of acquisition. T<span class=\"_ _0\"></span>his measurement is done on an ac<span class=\"_ _0\"></span>quisition by ac<span class=\"_ _0\"></span>quisition basis.  Changes in Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>est in a subsidiary that do not r<span class=\"_ _4\"></span>esult in a loss of control ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as equity transactions. (e<span class=\"_ _4\"></span>) Loss of control When Cener<span class=\"_ _0\"></span>gy Holdings loses contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a subsidiary<span class=\"_ _1\"></span>, the assets and liabilities of the subsidiary are der<span class=\"_ _0\"></span>ecognised, and any r<span class=\"_ _0\"></span>elated NCI and other c<span class=\"_ _0\"></span>omponents of equity<span class=\"_ _1\"></span>. Any resulting gain or los<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Any inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>etained in the former subsidiary is measur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is lost. (f) Associates Associates ar<span class=\"_ _4\"></span>e those entities in which Cenergy Holdings has significant influence<span class=\"_ _0\"></span>, but not contr<span class=\"_ _0\"></span>ol or joint contr<span class=\"_ _4\"></span>ol,<span class=\"_ _8\"></span> ov<span class=\"_ _4\"></span>er the financial and operating policies. This is gener<span class=\"_ _4\"></span>ally the case where Cener<span class=\"_ _0\"></span>gy Holdings holds betw<span class=\"_ _0\"></span>een 20% and 50% of the voting rights. In<span class=\"_ _4\"></span>vestments in associat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method of accounting (<span class=\"_ _0\"></span>see (h) below), aft<span class=\"_ _0\"></span>er initially being r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost. (g) Joint arr<span class=\"_ _0\"></span>angements Under IFRS 11 Joint Arrangements, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments in joint arr<span class=\"_ _0\"></span>angements ar<span class=\"_ _0\"></span>e classified as either joint oper<span class=\"_ _0\"></span>ations or joint ventur<span class=\"_ _4\"></span>es. The classification depends on the contr<span class=\"_ _4\"></span>actual rights and obligations of each inves<span class=\"_ _0\"></span>tor<span class=\"_ _1\"></span>, rather than the legal structur<span class=\"_ _0\"></span>e of the joint arrangement.  Joint operations Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses of joint operations and its share of an<span class=\"_ _0\"></span>y jointly held or incurr<span class=\"_ _0\"></span>ed assets, liabilities, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enues and expenses. These ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incorpor<span class=\"_ _4\"></span>ated in<span class=\"_ _8\"></span> the financial statements under the appr<span class=\"_ _4\"></span>opriate headings.  Joint ventures A joint ventur<span class=\"_ _4\"></span>e is an arrangement in which Cener<span class=\"_ _0\"></span>gy Holdings has joint contr<span class=\"_ _0\"></span>ol, wher<span class=\"_ _0\"></span>eby C<span class=\"_ _0\"></span>energy Holdings has rights to the net assets of the arr<span class=\"_ _4\"></span>angement, rather than rights to its assets and obligations f<span class=\"_ _0\"></span>or its liabilities. Inter<span class=\"_ _0\"></span>ests in joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method (see (h) belo<span class=\"_ _0\"></span>w), after initially being r<span class=\"_ _0\"></span>ecognised at cost in the c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _0\"></span>ed balance sheet. (h) Equity method Under the equity method of acc<span class=\"_ _0\"></span>ounting, the inv<span class=\"_ _4\"></span>estments are initially r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost and adjust<span class=\"_ _0\"></span>ed ther<span class=\"_ _0\"></span>eafter to r<span class=\"_ _0\"></span>ecognise C<span class=\"_ _0\"></span>energy Holdings\u2019 shar<span class=\"_ _4\"></span>e of the post-acquisition profits or losses of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee in profit or los<span class=\"_ _0\"></span>s, and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of mo<span class=\"_ _4\"></span>vements in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee, until the dat<span class=\"_ _0\"></span>e on which significant influence or joint contr<span class=\"_ _4\"></span>ol ceases. Dividends receiv<span class=\"_ _4\"></span>ed or receiv<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om associat<span class=\"_ _0\"></span>es and joint v<span class=\"_ _0\"></span>entures ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as a r<span class=\"_ _0\"></span>eduction in the carrying amount of the inv<span class=\"_ _4\"></span>estment.<span class=\"_ _8\"></span> When the Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of los<span class=\"_ _0\"></span>ses in an equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estment equals or ex<span class=\"_ _0\"></span>ceeds its int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the entity<span class=\"_ _1\"></span>, Cenergy Holdings does not r<span class=\"_ _0\"></span>ecognise further losses, unles<span class=\"_ _0\"></span>s it has incurred obliga<span class=\"_ _0\"></span>tions or made payments on behalf of the other entity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>ests in equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees comprise only of inter<span class=\"_ _4\"></span>ests in associates. (i) T<span class=\"_ _4\"></span>ransactions eliminated on c<span class=\"_ _0\"></span>onsolidation Intra gr<span class=\"_ _4\"></span>oup balances and transactions, and any unr<span class=\"_ _4\"></span>ealised income and expenses arising fr<span class=\"_ _0\"></span>om intra gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> transactions, ar<span class=\"_ _4\"></span>e eliminated. Unrealized gains arising fr<span class=\"_ _4\"></span>om transactions with equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> eliminated against the in<span class=\"_ _4\"></span>vestment to the e<span class=\"_ _4\"></span>xtent the Group\u2019<span class=\"_ _0\"></span>s inter<span class=\"_ _4\"></span>est in the inves<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>. Unrealiz<span class=\"_ _0\"></span>ed losses ar<span class=\"_ _0\"></span>e eliminated in the same wa<span class=\"_ _0\"></span>y as unr<span class=\"_ _0\"></span>ealized gains, but only to the e<span class=\"_ _4\"></span>xtent that there is no e<span class=\"_ _0\"></span>vidence of impairment. 5.2 Foreign curr<span class=\"_ _0\"></span>ency (a) Foreign curr<span class=\"_ _0\"></span>ency tr<span class=\"_ _0\"></span>ansactions T<span class=\"_ _1\"></span>ransactions in for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>encies are tr<span class=\"_ _4\"></span>anslated into the r<span class=\"_ _0\"></span>espective functional curr<span class=\"_ _4\"></span>encies of Cenergy Holdings\u2019 companies at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the dates of the tr<span class=\"_ _0\"></span>ansactions. Monetary assets and liabilities denominated in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currencies ar<span class=\"_ _4\"></span>e translated int<span class=\"_ _0\"></span>o functional currency a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rate at the r<span class=\"_ _4\"></span>eporting date. Non-monetary assets and liabilities that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _4\"></span>alue in a foreign currency ar<span class=\"_ _4\"></span>e translated int<span class=\"_ _0\"></span>o the functional currenc<span class=\"_ _0\"></span>y at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e, when the f<span class=\"_ _0\"></span>air value w<span class=\"_ _4\"></span>as determined.<span class=\"_ _8\"></span> For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and classified in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss based on the nature of the r<span class=\"_ _4\"></span>elated item of the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Financial Position.  Non-monetary items that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed based on historical c<span class=\"_ _0\"></span>ost in a f<span class=\"_ _0\"></span>oreign curr<span class=\"_ _4\"></span>ency are transla<span class=\"_ _0\"></span>ted at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e at the dat<span class=\"_ _0\"></span>e of the transaction. For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency differ<span class=\"_ _4\"></span>ences arising from the tr<span class=\"_ _0\"></span>anslation of qualifying cash flo<span class=\"_ _0\"></span>w hedges to the e<span class=\"_ _0\"></span>xtent that the hedges are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e and inv<span class=\"_ _4\"></span>estments in equity securities designated as at FV<span class=\"_ _4\"></span>OCI are rec<span class=\"_ _0\"></span>ognised as Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income (<span class=\"_ _0\"></span>OCI).  (b) F<span class=\"_ _0\"></span>oreign oper<span class=\"_ _4\"></span>ations<span class=\"_ _8\"></span> The assets and liabilities of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions, including goodwill and fair v<span class=\"_ _0\"></span>alue adjustments arising on acquisition, are tr<span class=\"_ _4\"></span>anslated into Euro a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rates of the r<span class=\"_ _4\"></span>eporting date. The inc<span class=\"_ _0\"></span>ome and expenses of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions are tr<span class=\"_ _4\"></span>anslated into Euro a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rates a<span class=\"_ _0\"></span>t the date of the tr<span class=\"_ _0\"></span>ansactions. T<span class=\"_ _0\"></span>he av<span class=\"_ _4\"></span>erage rat<span class=\"_ _0\"></span>e for the period is deemed to be an appr<span class=\"_ _0\"></span>opriate r<span class=\"_ _4\"></span>ate. For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency differ<span class=\"_ _4\"></span>ences are r<span class=\"_ _0\"></span>ecognised in OCI and ac<span class=\"_ _0\"></span>cumulated in the tr<span class=\"_ _0\"></span>anslation r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that the transla<span class=\"_ _0\"></span>tion differ<span class=\"_ _0\"></span>ence is allocat<span class=\"_ _0\"></span>ed to NCI. 5.3 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognizes r<span class=\"_ _4\"></span>evenue fr<span class=\"_ _4\"></span>om the following major sour<span class=\"_ _0\"></span>ces: \u2022 <span class=\"_ _23\"> </span>Sale of pr<span class=\"_ _4\"></span>oducts;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Ener<span class=\"_ _4\"></span>gy projects; \u2022 <span class=\"_ _23\"> </span>S<span class=\"_ _0\"></span>teel pipes pr<span class=\"_ _0\"></span>ojects, i.e<span class=\"_ _0\"></span>. onshor<span class=\"_ _0\"></span>e and offshore cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pipelines produc<span class=\"_ _0\"></span>ed for applications based on customers\u2019 specifications. \u2022 <span class=\"_ _23\"> </span>Cables pr<span class=\"_ _4\"></span>ojects, i.e. high-tech cust<span class=\"_ _0\"></span>omized under<span class=\"_ _4\"></span>ground and submarine cables and \u201cturnkey\u201d cable s<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>stems for po<span class=\"_ _0\"></span>wer or da<span class=\"_ _0\"></span>ta transmis<span class=\"_ _0\"></span>sion and distribution.  \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>endering of services. Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es re<span class=\"_ _4\"></span>venue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol of a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Consider<span class=\"_ _0\"></span>ation can v<span class=\"_ _0\"></span>ary because of trade disc<span class=\"_ _0\"></span>ounts, v<span class=\"_ _0\"></span>olume reba<span class=\"_ _0\"></span>tes, r<span class=\"_ _0\"></span>eturns or other similar items. Depending on the type of variable c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation, the most appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e method for measuring this v<span class=\"_ _0\"></span>ariable consider<span class=\"_ _0\"></span>ation is used.  Sale of products Cener<span class=\"_ _0\"></span>gy Holdings sells hollow s<span class=\"_ _0\"></span>tructural sections f<span class=\"_ _0\"></span>or the cons<span class=\"_ _0\"></span>truction sector<span class=\"_ _1\"></span>, power cables, t<span class=\"_ _0\"></span>elecom cables, wir<span class=\"_ _0\"></span>es and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials.  For sales of pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  The timing of the tr<span class=\"_ _0\"></span>ansfer of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol occurs when the goods ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been shipped to the cust<span class=\"_ _0\"></span>omers\u2019 location, unless otherwise specified in the terms of the contr<span class=\"_ _4\"></span>act. The terms defined on the contr<span class=\"_ _4\"></span>acts with customers are ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to Incoterms.  Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognised at a point in time is in<span class=\"_ _0\"></span>voic<span class=\"_ _0\"></span>ed either simultaneously with its r<span class=\"_ _0\"></span>ecognition or within a short time period from its r<span class=\"_ _4\"></span>ecognition. A receiv<span class=\"_ _4\"></span>able is recognised when the contr<span class=\"_ _4\"></span>ol is transferr<span class=\"_ _0\"></span>ed to the cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, as this repr<span class=\"_ _4\"></span>esents the point in time at which the right to considera<span class=\"_ _0\"></span>tion becomes unc<span class=\"_ _0\"></span>onditional. Energy projects The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>oduces and sells cust<span class=\"_ _0\"></span>omized pr<span class=\"_ _4\"></span>oducts to customers for ener<span class=\"_ _4\"></span>gy projects. In the cables sector<span class=\"_ _1\"></span>, Cenergy Holdings\u2019 subsidiaries also pr<span class=\"_ _0\"></span>oduce and sell \u201cturnke<span class=\"_ _4\"></span>y\u201d cable systems, i.<span class=\"_ _0\"></span>e. supply and install complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. For distinct perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions identified, the most appr<span class=\"_ _0\"></span>opriate method t<span class=\"_ _0\"></span>o measure pr<span class=\"_ _4\"></span>ogress is used. The methods used are the f<span class=\"_ _0\"></span>ollowing: \u2022<span class=\"_ _12\"> </span>For performance obliga<span class=\"_ _0\"></span>tions rela<span class=\"_ _0\"></span>ted to pr<span class=\"_ _4\"></span>oduction of customized pr<span class=\"_ _0\"></span>oducts, depending on the type of contr<span class=\"_ _4\"></span>actconcerned, the methods t<span class=\"_ _0\"></span>o measur<span class=\"_ _0\"></span>e progr<span class=\"_ _4\"></span>ess is estimated based on:i.<span class=\"_ _12\"> </span>Production time elapsed, i.<span class=\"_ _4\"></span>e. the ratio betw<span class=\"_ _0\"></span>een the actual time spent on the pr<span class=\"_ _0\"></span>oduction and the total numberof scheduled production time<span class=\"_ _0\"></span>. This method is used f<span class=\"_ _0\"></span>or submarine cables produc<span class=\"_ _0\"></span>ed in long continuouslengths, when time elapsed is the most r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant method to measure the pr<span class=\"_ _0\"></span>ogres<span class=\"_ _0\"></span>s of the performanc<span class=\"_ _0\"></span>eobligation.ii.<span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he quantity of manuf<span class=\"_ _0\"></span>actured and t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed cable drums or steel pipes c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed with the total quantity t<span class=\"_ _0\"></span>o beproduc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the contr<span class=\"_ _4\"></span>act. This method is used for customiz<span class=\"_ _0\"></span>ed land cables and st<span class=\"_ _0\"></span>eel pipes, sincethe production of such pr<span class=\"_ _4\"></span>oducts is performed in batches and as a result the perf<span class=\"_ _0\"></span>ormance obligations r<span class=\"_ _4\"></span>elatedare satisfied as c<span class=\"_ _0\"></span>ertain bat<span class=\"_ _0\"></span>ches of agreed quantities ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>oduced.\u2022<span class=\"_ _12\"> </span>For installation phases of cables sect<span class=\"_ _0\"></span>or<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s turnke<span class=\"_ _4\"></span>y projects, the method to measur<span class=\"_ _0\"></span>e progr<span class=\"_ _4\"></span>ess is based on appraisalof results achie<span class=\"_ _4\"></span>ved or milestones r<span class=\"_ _4\"></span>eached, based to clearly defined technical milestones, such as tr<span class=\"_ _4\"></span>ansport ormeters of cables installed. When miles<span class=\"_ _0\"></span>tones ar<span class=\"_ _0\"></span>e being used as a method to measur<span class=\"_ _4\"></span>e progress, these miles<span class=\"_ _0\"></span>tonesfaithfully depict the performanc<span class=\"_ _0\"></span>e.Management considers that these methods ar<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>opriate measur<span class=\"_ _4\"></span>es of the progress t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>war<span class=\"_ _4\"></span>ds complete satisfaction of these performance obliga<span class=\"_ _0\"></span>tions under IFRS 15.  The timing of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition, billings and cash collections r<span class=\"_ _4\"></span>esults in billed accounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able, unbilled rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables (c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets<span class=\"_ _0\"></span>), and customer adv<span class=\"_ _4\"></span>ances (c<span class=\"_ _0\"></span>ontract liabilities<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>hese contr<span class=\"_ _0\"></span>act assets and c<span class=\"_ _0\"></span>ontract liabilities are pr<span class=\"_ _4\"></span>esented on the Consolidated Stat<span class=\"_ _0\"></span>ement of Financial Position in the lines \u201cContr<span class=\"_ _0\"></span>act assets\u201d and \u201cContr<span class=\"_ _0\"></span>act liabilities\u201d respectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>. For products and servic<span class=\"_ _0\"></span>es for which r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time, amounts are billed as w<span class=\"_ _4\"></span>ork progresses in ac<span class=\"_ _0\"></span>cor<span class=\"_ _4\"></span>dance with agreed-upon contr<span class=\"_ _4\"></span>actual terms, either upon achiev<span class=\"_ _0\"></span>ement of contr<span class=\"_ _0\"></span>actual milest<span class=\"_ _0\"></span>ones, or at the final deliv<span class=\"_ _0\"></span>ery and acc<span class=\"_ _0\"></span>eptance of the manufactur<span class=\"_ _4\"></span>ed items.<span class=\"_ _8\"></span> Generally<span class=\"_ _1\"></span>, billing occurs subsequent to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition for cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed products and servic<span class=\"_ _0\"></span>es performed ov<span class=\"_ _4\"></span>er time resulting in contr<span class=\"_ _0\"></span>act assets. Ho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>, when advances fr<span class=\"_ _4\"></span>om customers are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed before r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognized, a c<span class=\"_ _0\"></span>ontract liabilit<span class=\"_ _0\"></span>y is rec<span class=\"_ _0\"></span>ognized.  Ther<span class=\"_ _0\"></span>e is not consider<span class=\"_ _4\"></span>ed to be a significant financing component in energy pr<span class=\"_ _4\"></span>ojects contracts with cust<span class=\"_ _0\"></span>omers, as the period between the r<span class=\"_ _4\"></span>ecognition of re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue and the milestone pa<span class=\"_ _4\"></span>yment is less than one year<span class=\"_ _4\"></span>. Rendering of services Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from rendering of servic<span class=\"_ _0\"></span>es in pr<span class=\"_ _0\"></span>oportion to the stage of c<span class=\"_ _0\"></span>ompletion of the transaction at the r<span class=\"_ _4\"></span>eporting date. The s<span class=\"_ _0\"></span>tage of completion is asses<span class=\"_ _0\"></span>sed based on surv<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>s of w<span class=\"_ _0\"></span>ork performed. Services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings are mainly r<span class=\"_ _4\"></span>elated with the products sold b<span class=\"_ _0\"></span>y its subsidiaries and mainly include:  \u2022 <span class=\"_ _23\"> </span>Metal pr<span class=\"_ _4\"></span>ocessing technical support service; \u2022 <span class=\"_ _23\"> </span>Design and engineering of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed applications; \u2022 <span class=\"_ _23\"> </span>Supervision servic<span class=\"_ _0\"></span>es; \u2022 <span class=\"_ _23\"> </span>Ins<span class=\"_ _0\"></span>tallation services; \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>epairs and replac<span class=\"_ _0\"></span>ements. All of the abov<span class=\"_ _4\"></span>e, when relat<span class=\"_ _0\"></span>ed to Ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects, are r<span class=\"_ _4\"></span>eported in the Cables\u2019 and Steel pipes\u2019 r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue streams, respectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> If payment f<span class=\"_ _0\"></span>or services is not due fr<span class=\"_ _0\"></span>om the cust<span class=\"_ _0\"></span>omer until the services ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>e, a c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>set is rec<span class=\"_ _0\"></span>ognised ov<span class=\"_ _4\"></span>er the period in which the services are perf<span class=\"_ _0\"></span>ormed repr<span class=\"_ _4\"></span>esenting the right to consideration f<span class=\"_ _0\"></span>or the services performed to da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>hese contr<span class=\"_ _4\"></span>act assets are pr<span class=\"_ _0\"></span>esented on the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Financial Position in the line \u201cContr<span class=\"_ _0\"></span>act assets\u201d. Contract c<span class=\"_ _0\"></span>osts Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognize the incr<span class=\"_ _4\"></span>emental costs of obtaining contr<span class=\"_ _0\"></span>acts with customers and the c<span class=\"_ _0\"></span>osts incurr<span class=\"_ _0\"></span>ed in fulfilling contr<span class=\"_ _0\"></span>acts with cust<span class=\"_ _0\"></span>omers that are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act as an asset, if those c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able, and r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>d them in the line \u201cContr<span class=\"_ _4\"></span>act costs\u201d in the Consolidated Sta<span class=\"_ _0\"></span>tement of Financial Position. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e costs incurred t<span class=\"_ _0\"></span>o obtain a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer that w<span class=\"_ _0\"></span>ould not hav<span class=\"_ _4\"></span>e been incurred if the contr<span class=\"_ _0\"></span>act had not been obtained.  Fulfilment costs ar<span class=\"_ _4\"></span>e only capitalised if they generat<span class=\"_ _0\"></span>e or enhance r<span class=\"_ _4\"></span>esources that will be used t<span class=\"_ _0\"></span>o satisfy performanc<span class=\"_ _0\"></span>e obligations in the future<span class=\"_ _0\"></span>. Assets arising fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts are amortiz<span class=\"_ _0\"></span>ed using either the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a period based on the estimated c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act dura<span class=\"_ _0\"></span>tion or based on the portion of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognised during the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ecution of the rela<span class=\"_ _0\"></span>ted contr<span class=\"_ _0\"></span>act. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e recognised as an e<span class=\"_ _0\"></span>xpense when incurred if the amortisa<span class=\"_ _0\"></span>tion period of the assets w<span class=\"_ _0\"></span>ould be one y<span class=\"_ _0\"></span>ear or less. 5.4 Employ<span class=\"_ _4\"></span>ee benefits<span class=\"_ _8\"></span>  (a) Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits ar<span class=\"_ _0\"></span>e expensed as the r<span class=\"_ _4\"></span>elated service is pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided. A liability is rec<span class=\"_ _0\"></span>ognised for the amount expect<span class=\"_ _0\"></span>ed to be paid if C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies hav<span class=\"_ _4\"></span>e a present legal or constructiv<span class=\"_ _4\"></span>e obligation<span class=\"_ _8\"></span> to pa<span class=\"_ _0\"></span>y this amount, as a result of pas<span class=\"_ _0\"></span>t service pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided b<span class=\"_ _0\"></span>y the emplo<span class=\"_ _0\"></span>yee and the obliga<span class=\"_ _0\"></span>tion can be estimat<span class=\"_ _0\"></span>ed reliably<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> (b) Defined c<span class=\"_ _0\"></span>ontribution plans Defined-contribution plans ar<span class=\"_ _0\"></span>e plans for the period aft<span class=\"_ _0\"></span>er the emplo<span class=\"_ _0\"></span>yee has c<span class=\"_ _0\"></span>eased to w<span class=\"_ _4\"></span>ork during which Cenergy Holdings pay<span class=\"_ _0\"></span>s a defined amount to a thir<span class=\"_ _0\"></span>d legal entity without an<span class=\"_ _0\"></span>y other obligation. The ac<span class=\"_ _0\"></span>crued cos<span class=\"_ _0\"></span>t of defined-contribution pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an expense in the period tha<span class=\"_ _0\"></span>t the relat<span class=\"_ _0\"></span>ed service is pr<span class=\"_ _4\"></span>ovided. (c<span class=\"_ _0\"></span>) Defined benefit plans Cener<span class=\"_ _0\"></span>gy Holdings\u2019 net obligation in r<span class=\"_ _0\"></span>espect of defined benefit plans is calculated separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely for each plan b<span class=\"_ _0\"></span>y estimating the amount of futur<span class=\"_ _0\"></span>e benefit that emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees hav<span class=\"_ _4\"></span>e earned in the current and prior periods, discounting that amount and deducting the fair v<span class=\"_ _0\"></span>alue of any plan as<span class=\"_ _0\"></span>sets. The disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate is based on high-quality c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate bonds that are denomina<span class=\"_ _0\"></span>ted in the curr<span class=\"_ _0\"></span>ency in which the benefits will be paid. The calculation of defined benefit obligations is perf<span class=\"_ _0\"></span>ormed annually b<span class=\"_ _0\"></span>y a qualified actuary using the project<span class=\"_ _0\"></span>ed unit credit method, while benefits ar<span class=\"_ _4\"></span>e attributed ov<span class=\"_ _4\"></span>er the last 16 years befor<span class=\"_ _4\"></span>e retirement of each emplo<span class=\"_ _4\"></span>yee. Remeasur<span class=\"_ _0\"></span>ements of the net defined benefit liability<span class=\"_ _1\"></span>, which comprise actuarial gains and losses, are r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> immediately in OCI. Cener<span class=\"_ _4\"></span>gy Holdings determines the net interes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xpense on the net defined benefit liability for the period by applying the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o measure the defined benefit obliga<span class=\"_ _0\"></span>tion at the beginning of the annual period to the then-net defined benefit liability<span class=\"_ _1\"></span>, taking into acc<span class=\"_ _0\"></span>ount any changes in the net defined benefit liability during the period as a result of c<span class=\"_ _0\"></span>ontributions and benefit payments. Net int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and other e<span class=\"_ _0\"></span>xpenses relat<span class=\"_ _0\"></span>ed to defined benefit plans ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss.  When the benefits of a plan are changed or when a plan is curtailed, the r<span class=\"_ _4\"></span>esulting change in benefit that relates to past servic<span class=\"_ _0\"></span>e or the gain or loss on curtailment is r<span class=\"_ _0\"></span>ecognised immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss. Cener<span class=\"_ _4\"></span>gy Holdings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognises gains and losses on the settlement of a defined benefit plan when the settlement oc<span class=\"_ _0\"></span>curs. (d) T<span class=\"_ _1\"></span>ermination benefits T<span class=\"_ _1\"></span>ermination benefits ar<span class=\"_ _0\"></span>e expensed a<span class=\"_ _0\"></span>t the earlier of when Cener<span class=\"_ _0\"></span>gy Holdings can no longer withdra<span class=\"_ _4\"></span>w the offer of<span class=\"_ _8\"></span> those benefits and when Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises cos<span class=\"_ _0\"></span>ts for a r<span class=\"_ _0\"></span>estructuring. If benefits ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be settled wholly within 12 months of the reporting da<span class=\"_ _0\"></span>te, then the<span class=\"_ _4\"></span>y are discounted. 5.5 Gov<span class=\"_ _4\"></span>ernment Grants  Grants fr<span class=\"_ _4\"></span>om the government ar<span class=\"_ _4\"></span>e recognized a<span class=\"_ _0\"></span>t their fair v<span class=\"_ _0\"></span>alue wher<span class=\"_ _0\"></span>e there is a r<span class=\"_ _4\"></span>easonable assurance that the gr<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> will be rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed and Cener<span class=\"_ _0\"></span>gy Holdings will comply with all at<span class=\"_ _0\"></span>tached conditions. Gov<span class=\"_ _4\"></span>ernment grants rela<span class=\"_ _0\"></span>ting to c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _4\"></span>ofit or loss ov<span class=\"_ _0\"></span>er the period necessary t<span class=\"_ _0\"></span>o match them with the c<span class=\"_ _0\"></span>osts that the<span class=\"_ _4\"></span>y are intended to c<span class=\"_ _0\"></span>ompensate<span class=\"_ _0\"></span>. Gov<span class=\"_ _4\"></span>ernment grants rela<span class=\"_ _0\"></span>ting to the pur<span class=\"_ _0\"></span>chase of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment are included in non-current liabilities as deferr<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ernment grants and ar<span class=\"_ _4\"></span>e credited to the C<span class=\"_ _0\"></span>onsolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss (line \u201cOther income\u201d) on a str<span class=\"_ _4\"></span>aight line basis over the e<span class=\"_ _4\"></span>xpected useful lives of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed assets. 5.6 Finance income and financ<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts Cener<span class=\"_ _0\"></span>gy Holdings\u2019 finance inc<span class=\"_ _0\"></span>ome and finance cos<span class=\"_ _0\"></span>ts mainly include: \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income; \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense; \u2022 <span class=\"_ _23\"> </span>dividend inc<span class=\"_ _0\"></span>ome; \u2022 <span class=\"_ _23\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y gains and losses fr<span class=\"_ _0\"></span>om loans and deposits. Dividend income is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss on the dat<span class=\"_ _0\"></span>e on which the right to r<span class=\"_ _4\"></span>eceive pa<span class=\"_ _0\"></span>yment is established. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  5.7 Inc<span class=\"_ _0\"></span>ome tax Income tax e<span class=\"_ _0\"></span>xpense comprises curr<span class=\"_ _4\"></span>ent and deferred tax. It is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it relat<span class=\"_ _0\"></span>es to a busines<span class=\"_ _0\"></span>s combination, or it<span class=\"_ _0\"></span>ems r<span class=\"_ _0\"></span>ecognised dir<span class=\"_ _0\"></span>ectly in equity or in OCI. A. Current tax Current tax c<span class=\"_ _0\"></span>omprised the e<span class=\"_ _0\"></span>xpected tax pa<span class=\"_ _0\"></span>yable or r<span class=\"_ _4\"></span>eceivable on the taxable inc<span class=\"_ _0\"></span>ome or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear and any adjustment to the tax pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able or rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able in respect of pr<span class=\"_ _4\"></span>evious years. It is measur<span class=\"_ _4\"></span>ed using tax rates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted at the r<span class=\"_ _4\"></span>eporting date. Current tax also includes an<span class=\"_ _0\"></span>y tax arising fr<span class=\"_ _0\"></span>om dividends. <span class=\"_ _4d\"> </span> Current tax as<span class=\"_ _0\"></span>sets and liabilities are offset only if c<span class=\"_ _0\"></span>ertain criteria ar<span class=\"_ _4\"></span>e met.<span class=\"_ _8\"></span> B. Deferred tax Deferr<span class=\"_ _0\"></span>ed tax is rec<span class=\"_ _0\"></span>ognised in r<span class=\"_ _0\"></span>espect of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences between the carrying amounts of assets and liabilities for financial r<span class=\"_ _0\"></span>eporting purposes and the amounts used for tax<span class=\"_ _0\"></span>ation purposes. Deferr<span class=\"_ _0\"></span>ed tax is not rec<span class=\"_ _0\"></span>ognised for: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences on the initial r<span class=\"_ _4\"></span>ecognition of assets or liabilities in a transaction that is not a busines<span class=\"_ _0\"></span>s combination and that aff<span class=\"_ _0\"></span>ects neither acc<span class=\"_ _0\"></span>ounting nor taxable pr<span class=\"_ _0\"></span>ofit or loss; \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences r<span class=\"_ _4\"></span>elated to inv<span class=\"_ _4\"></span>estments in subsidiaries, associates and joint arr<span class=\"_ _0\"></span>angements to the e<span class=\"_ _0\"></span>xtent that Cener<span class=\"_ _0\"></span>gy Holdings is able to c<span class=\"_ _0\"></span>ontrol the timing of the r<span class=\"_ _4\"></span>eversal of the t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences and it is pr<span class=\"_ _4\"></span>obable<span class=\"_ _8\"></span> that they will not r<span class=\"_ _4\"></span>everse in the f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable future; and \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>axable tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences arising on the initial r<span class=\"_ _0\"></span>ecognition of goodwill. Deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised for unused tax los<span class=\"_ _0\"></span>ses, unused tax cr<span class=\"_ _0\"></span>edits and deductible tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences to the e<span class=\"_ _0\"></span>xtent that is pr<span class=\"_ _4\"></span>obable that future taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>viewed at each r<span class=\"_ _4\"></span>eporting date and are r<span class=\"_ _0\"></span>educed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it is no longer pr<span class=\"_ _0\"></span>obable that the relat<span class=\"_ _0\"></span>ed tax benefit will be r<span class=\"_ _0\"></span>ealised; such reductions ar<span class=\"_ _4\"></span>e rev<span class=\"_ _4\"></span>ersed when the probability of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits impro<span class=\"_ _4\"></span>ves. Unrec<span class=\"_ _0\"></span>ognised deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eassessed a<span class=\"_ _0\"></span>t each reporting da<span class=\"_ _0\"></span>te and r<span class=\"_ _0\"></span>ecognised t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that is has become pr<span class=\"_ _0\"></span>obable that futur<span class=\"_ _0\"></span>e taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used.  Deferr<span class=\"_ _0\"></span>ed tax is measured a<span class=\"_ _0\"></span>t the tax ra<span class=\"_ _0\"></span>tes that ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be applied to t<span class=\"_ _0\"></span>emporary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences when the<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>verse, using tax r<span class=\"_ _0\"></span>ates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e. The measur<span class=\"_ _0\"></span>ements of deferr<span class=\"_ _4\"></span>ed tax reflects the tax consequences that w<span class=\"_ _4\"></span>ould follow fr<span class=\"_ _0\"></span>om the manner in which Cener<span class=\"_ _0\"></span>gy Holdings expects, a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er or settle the carrying amount of its assets and liabilities. Deferr<span class=\"_ _0\"></span>ed income tax assets and liabilities ar<span class=\"_ _4\"></span>e offset when there is a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o offset current tax assets against curr<span class=\"_ _0\"></span>ent tax liabilities and when the deferr<span class=\"_ _4\"></span>ed income taxes r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o the same fiscal authority<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.8 Inv<span class=\"_ _4\"></span>entories<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>entories are stat<span class=\"_ _0\"></span>ed at the lo<span class=\"_ _0\"></span>wer of c<span class=\"_ _0\"></span>ost and net r<span class=\"_ _0\"></span>ealisable v<span class=\"_ _0\"></span>alue. T<span class=\"_ _0\"></span>he cost is det<span class=\"_ _0\"></span>ermined b<span class=\"_ _0\"></span>y applying the method of weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage cost and includes the pr<span class=\"_ _4\"></span>oduction and conv<span class=\"_ _0\"></span>ersion cost and all dir<span class=\"_ _4\"></span>ect expenses requir<span class=\"_ _4\"></span>ed to bring<span class=\"_ _8\"></span> inv<span class=\"_ _4\"></span>entories at their current condition. T<span class=\"_ _4\"></span>he net realisable value is estima<span class=\"_ _0\"></span>ted based on the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory\u2019<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent sales price, in the or<span class=\"_ _4\"></span>dinary course of business activities, less any possible selling e<span class=\"_ _4\"></span>xpenses, whenev<span class=\"_ _0\"></span>er such a case occurs. The writ<span class=\"_ _0\"></span>e-down of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories t<span class=\"_ _0\"></span>o net r<span class=\"_ _0\"></span>ealisable value and an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersals are rec<span class=\"_ _0\"></span>ognized in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d in the period in which the write-do<span class=\"_ _0\"></span>wns occur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.9 Property<span class=\"_ _1\"></span>, plant and equipment<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Property<span class=\"_ _1\"></span>, plant and equipment are pr<span class=\"_ _0\"></span>esented a<span class=\"_ _0\"></span>t their acquisition cos<span class=\"_ _0\"></span>t less accumula<span class=\"_ _0\"></span>ted depr<span class=\"_ _0\"></span>eciation and impairment. The acquisition c<span class=\"_ _0\"></span>ost includes all e<span class=\"_ _4\"></span>xpenses that are directly as<span class=\"_ _0\"></span>sociated with the as<span class=\"_ _0\"></span>set\u2019s acquisition or self-construction. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of self-construct<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed assets includes the c<span class=\"_ _0\"></span>ost of dir<span class=\"_ _0\"></span>ect labour<span class=\"_ _4\"></span>, materials and an<span class=\"_ _0\"></span>y other cost that is r<span class=\"_ _4\"></span>equired for the fix<span class=\"_ _0\"></span>ed asset t<span class=\"_ _0\"></span>o be ready f<span class=\"_ _0\"></span>or use as w<span class=\"_ _0\"></span>ell as any borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wing costs.  Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only if it is probable that the future ec<span class=\"_ _0\"></span>onomic benefits associat<span class=\"_ _0\"></span>ed with the expenditur<span class=\"_ _4\"></span>e will flow to Cener<span class=\"_ _0\"></span>gy Holdings. Repair and maint<span class=\"_ _0\"></span>enance c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss when these are incurr<span class=\"_ _0\"></span>ed.On the sale of property<span class=\"_ _1\"></span>, plant and equipment, any differ<span class=\"_ _4\"></span>ence that may arise betw<span class=\"_ _0\"></span>een the price that is r<span class=\"_ _4\"></span>eceived and the carrying value ther<span class=\"_ _4\"></span>eof is recor<span class=\"_ _0\"></span>ded through pr<span class=\"_ _4\"></span>ofit or loss in the category \u201cOther income (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xpenses)\u201d. Borro<span class=\"_ _4\"></span>wing costs relat<span class=\"_ _0\"></span>ed to the c<span class=\"_ _0\"></span>onstruction of qualifying assets ar<span class=\"_ _4\"></span>e capitalised during the period required f<span class=\"_ _0\"></span>or the construction t<span class=\"_ _0\"></span>o be complet<span class=\"_ _0\"></span>ed. B. Depreciation Depreciation is calcula<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o write off the cos<span class=\"_ _0\"></span>t of items of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment less their estimated residual v<span class=\"_ _4\"></span>alues using the straight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, and is generally rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Land is not depr<span class=\"_ _0\"></span>eciated.  Administr<span class=\"_ _4\"></span>ative buildings <span class=\"_ _65\"> </span>20-50 years  Plants <span class=\"_ _66\"> </span>33-50 years  Heavy machinery <span class=\"_ _67\"> </span>12-40 y<span class=\"_ _0\"></span>ears  Light machinery <span class=\"_ _68\"> </span>8-<span class=\"_ _0\"></span>18 years  Furniture <span class=\"_ _69\"> </span>4-<span class=\"_ _0\"></span>10 years  Other equipment <span class=\"_ _6a\"> </span>4-<span class=\"_ _0\"></span>12 years  T<span class=\"_ _4\"></span>ransport means <span class=\"_ _6b\"> </span>4-<span class=\"_ _0\"></span>10 years Depreciation methods, useful liv<span class=\"_ _4\"></span>es and residual values ar<span class=\"_ _4\"></span>e revie<span class=\"_ _4\"></span>wed at each reporting dat<span class=\"_ _0\"></span>e and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. C. Reclassification t<span class=\"_ _0\"></span>o inv<span class=\"_ _4\"></span>estment property When the use of a property changes fr<span class=\"_ _4\"></span>om owner-occupied to in<span class=\"_ _4\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, the property is r<span class=\"_ _0\"></span>eclassified accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  The it<span class=\"_ _0\"></span>em is reclas<span class=\"_ _0\"></span>sified at its net book v<span class=\"_ _0\"></span>alue at the date of r<span class=\"_ _4\"></span>eclassification which becomes its deemed cost f<span class=\"_ _0\"></span>or subsequent accounting purposes. D<span class=\"_ _0\"></span>. Reclassifica<span class=\"_ _0\"></span>tion to assets held f<span class=\"_ _0\"></span>or sale Non-current as<span class=\"_ _0\"></span>sets and disposal group of as<span class=\"_ _0\"></span>sets are r<span class=\"_ _4\"></span>eclassified as held for sale if their carrying amount will be rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ered principally thr<span class=\"_ _4\"></span>ough a sale transaction rather than c<span class=\"_ _0\"></span>ontinuing use.  5.<span class=\"_ _4\"></span>10 Intangible assets<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Research and De<span class=\"_ _0\"></span>velopment<span class=\"ff19\">: Expenditur<span class=\"_ _4\"></span>e on research activities is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _4\"></span>ofit and loss as incurred. </span>Dev<span class=\"_ _4\"></span>elopment expenditure is capitalised only if the e<span class=\"_ _4\"></span>xpenditure can be measured r<span class=\"_ _0\"></span>eliably<span class=\"_ _1\"></span>, the product or pr<span class=\"_ _0\"></span>ocess is technically and commer<span class=\"_ _4\"></span>cial feasible, future ec<span class=\"_ _0\"></span>onomic benefits are pr<span class=\"_ _4\"></span>obable and Cenergy Holdings intends t<span class=\"_ _0\"></span>o and hav<span class=\"_ _4\"></span>e sufficient resourc<span class=\"_ _0\"></span>es to c<span class=\"_ _0\"></span>omplete de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment and to use or sell the asset. Otherwise<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, de<span class=\"_ _4\"></span>velopment expenditur<span class=\"_ _4\"></span>e is measured at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. Softw<span class=\"_ _0\"></span>are programs<span class=\"ff19\">: Soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e licenses ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded at their acquisition c<span class=\"_ _0\"></span>ost less ac<span class=\"_ _0\"></span>cumulated amortisa<span class=\"_ _0\"></span>tion. These </span>assets ar<span class=\"_ _0\"></span>e amortised on the str<span class=\"_ _0\"></span>aight line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, which ranges betw<span class=\"_ _0\"></span>een 3 to 10 years. Expenses tha<span class=\"_ _0\"></span>t are as<span class=\"_ _0\"></span>sociated with the soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e\u2019<span class=\"_ _0\"></span>s maintenanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss in the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e incurred.  Other intangible assets<span class=\"ff19\">: Other intangible as<span class=\"_ _0\"></span>sets, including customer r<span class=\"_ _4\"></span>elationships, \u201cknow-ho<span class=\"_ _0\"></span>w\u201d, patents and </span>trademarks, which ar<span class=\"_ _4\"></span>e acquired by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings and hav<span class=\"_ _4\"></span>e finite useful lives ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. These as<span class=\"_ _0\"></span>sets are amortised on the s<span class=\"_ _0\"></span>traight line method ov<span class=\"_ _4\"></span>er their estimated useful liv<span class=\"_ _0\"></span>es. Other intangible assets ha<span class=\"_ _0\"></span>ving indefinite useful liv<span class=\"_ _4\"></span>es are measured at c<span class=\"_ _0\"></span>ost less accumulat<span class=\"_ _0\"></span>ed impairment losses. B. Subsequent expenditur<span class=\"_ _0\"></span>e Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only when it increases the future ec<span class=\"_ _0\"></span>onomic benefits embodied in the specific asset to which it r<span class=\"_ _4\"></span>elates. All other expenditur<span class=\"_ _0\"></span>e, including e<span class=\"_ _0\"></span>xpenditur<span class=\"_ _0\"></span>e on internally gener<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed goodwill and brands, is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. 5.<span class=\"_ _4\"></span>11 Investment pr<span class=\"_ _0\"></span>operty Inv<span class=\"_ _4\"></span>estment property<span class=\"_ _1\"></span>, which includes land, is owned by C<span class=\"_ _0\"></span>energy Holdings either f<span class=\"_ _0\"></span>or the collection of r<span class=\"_ _4\"></span>ents or for<span class=\"_ _8\"></span> capital appreciation and is not used f<span class=\"_ _0\"></span>or o<span class=\"_ _0\"></span>wner-purposes. Inv<span class=\"_ _4\"></span>estment property is pr<span class=\"_ _0\"></span>esented at c<span class=\"_ _0\"></span>ost less depr<span class=\"_ _4\"></span>eciation.<span class=\"_ _8\"></span> When the carrying amounts of inv<span class=\"_ _4\"></span>estment property e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed their r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able value<span class=\"_ _0\"></span>, the differ<span class=\"_ _0\"></span>ence (impairment) is directly r<span class=\"_ _4\"></span>ecorded in pr<span class=\"_ _0\"></span>ofit and loss as e<span class=\"_ _0\"></span>xpense. T<span class=\"_ _0\"></span>he re<span class=\"_ _4\"></span>versal of pre<span class=\"_ _4\"></span>viously recognised impairment losses is also rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit and loss as income<span class=\"_ _0\"></span>. The land is not depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed. The buildings ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciated b<span class=\"_ _4\"></span>y applying the<span class=\"_ _8\"></span> str<span class=\"_ _0\"></span>aight line method.  5.<span class=\"_ _4\"></span>12 Cash and cash equivalents For the purpose of pr<span class=\"_ _0\"></span>esentation in the sta<span class=\"_ _0\"></span>tement of cash flo<span class=\"_ _0\"></span>ws, cash and cash equiv<span class=\"_ _4\"></span>alents includes cash on hand<span class=\"_ _8\"></span> and deposits held at call with financial institutions. 5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. B.<span class=\"_\"> </span>Non-financial assetsAt each r<span class=\"_ _4\"></span>eporting date, Cener<span class=\"_ _0\"></span>gy Holdings and its companies r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>view the carrying amounts of its non-financial as<span class=\"_ _0\"></span>sets (other than in<span class=\"_ _4\"></span>ventories and deferr<span class=\"_ _4\"></span>ed tax assets) to det<span class=\"_ _0\"></span>ermine whether there is an<span class=\"_ _0\"></span>y indication of impairment. If any such indication e<span class=\"_ _0\"></span>xists, then the as<span class=\"_ _0\"></span>set\u2019s r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount is estimat<span class=\"_ _0\"></span>ed. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. For other as<span class=\"_ _0\"></span>sets, an impairment loss is r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersed only to the ext<span class=\"_ _0\"></span>ent that the asset\u2019<span class=\"_ _0\"></span>s carrying amount does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed the carrying amount that w<span class=\"_ _4\"></span>ould have been det<span class=\"_ _0\"></span>ermined, net of depreciation or amortisa<span class=\"_ _0\"></span>tion, if no impairment loss had been r<span class=\"_ _0\"></span>ecognised. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries, also, include in their r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w of the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amounts as<span class=\"_ _0\"></span>sumptions r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the consequences of clima<span class=\"_ _0\"></span>te change. 5.<span class=\"_ _4\"></span>14 Leases<span class=\"_ _8\"></span> At inc<span class=\"_ _0\"></span>eption of a contr<span class=\"_ _4\"></span>act, the Group assesses whether a contr<span class=\"_ _4\"></span>act is, or contains, a lease. A contr<span class=\"_ _0\"></span>act is, or contains, a lease if the contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset f<span class=\"_ _0\"></span>or a period of time in ex<span class=\"_ _4\"></span>change for<span class=\"_ _8\"></span> consider<span class=\"_ _0\"></span>ation. T<span class=\"_ _1\"></span>o asses<span class=\"_ _0\"></span>s whether a contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset, the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> uses the definition of a lease in IFRS 16. Ac<span class=\"_ _0\"></span>counting f<span class=\"_ _0\"></span>or lease contr<span class=\"_ _0\"></span>acts as a lessee Cener<span class=\"_ _0\"></span>gy Holdings companies lease v<span class=\"_ _0\"></span>arious offices, w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses, machinery and cars. Rental contr<span class=\"_ _4\"></span>acts are typically made for fix<span class=\"_ _0\"></span>ed periods of 1 to 5 y<span class=\"_ _4\"></span>ears. Lease terms are negotia<span class=\"_ _0\"></span>ted on an individual basis and contain a wide r<span class=\"_ _4\"></span>ange of<span class=\"_ _8\"></span> differ<span class=\"_ _0\"></span>ent terms and c<span class=\"_ _0\"></span>onditions.  Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises a right-of-use asset and a lease liability a<span class=\"_ _0\"></span>t the lease commencement da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he right-of-use asset is initially measur<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t, which comprises the initial amount of the lease liability adjus<span class=\"_ _0\"></span>ted for an<span class=\"_ _0\"></span>y lease payments made at or bef<span class=\"_ _0\"></span>ore the c<span class=\"_ _0\"></span>ommencement da<span class=\"_ _0\"></span>te, plus an<span class=\"_ _0\"></span>y initial dir<span class=\"_ _0\"></span>ect costs incurr<span class=\"_ _4\"></span>ed and an estimate of costs t<span class=\"_ _0\"></span>o dismantle and r<span class=\"_ _0\"></span>emov<span class=\"_ _4\"></span>e the underlying asset or to res<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the underlying asset or the sit<span class=\"_ _0\"></span>e on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>ed.  Subsequently they ar<span class=\"_ _4\"></span>e measured at cost les<span class=\"_ _0\"></span>s any ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses, and adjus<span class=\"_ _0\"></span>ted for certain r<span class=\"_ _4\"></span>emeasurements of the lease liability<span class=\"_ _1\"></span>. The right-of-use asset is depreciat<span class=\"_ _0\"></span>ed using the str<span class=\"_ _0\"></span>aight-line method from the c<span class=\"_ _0\"></span>ommencement dat<span class=\"_ _0\"></span>e to the end of the lease t<span class=\"_ _0\"></span>erm, unless the lease tr<span class=\"_ _0\"></span>ansfers o<span class=\"_ _0\"></span>wnership of the underlying asset to the Gr<span class=\"_ _4\"></span>oup by the end of the lease term or the cos<span class=\"_ _0\"></span>t of the right-of-use asset r<span class=\"_ _0\"></span>eflects that the Gr<span class=\"_ _0\"></span>oup will ex<span class=\"_ _4\"></span>ercise a purchase option. In tha<span class=\"_ _0\"></span>t case the right-of-use asset will be depr<span class=\"_ _0\"></span>eciated o<span class=\"_ _4\"></span>ver the useful life of the underlying asset, which is determined on the same basis as those of pr<span class=\"_ _4\"></span>operty and equipment.<span class=\"_ _8\"></span>  The lease liability is initially measur<span class=\"_ _4\"></span>ed at the present value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing lease payments: \u2022 <span class=\"_ _23\"> </span>fix<span class=\"_ _4\"></span>ed payments (including in-substance fix<span class=\"_ _4\"></span>ed payments), less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>able ; \u2022 <span class=\"_ _23\"> </span>v<span class=\"_ _4\"></span>ariable lease payment that are based on an inde<span class=\"_ _4\"></span>x or a rate ; \u2022 <span class=\"_ _23\"> </span>amounts e<span class=\"_ _4\"></span>xpected to be pay<span class=\"_ _4\"></span>able by the lessee under residual v<span class=\"_ _4\"></span>alue guarantees ; \u2022 <span class=\"_ _23\"> </span>the e<span class=\"_ _4\"></span>xer<span class=\"_ _0\"></span>cise price of a pur<span class=\"_ _0\"></span>chase option if the lessee is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise tha<span class=\"_ _0\"></span>t option; and  \u2022 <span class=\"_ _23\"> </span>pa<span class=\"_ _0\"></span>yments of penalties for t<span class=\"_ _0\"></span>erminating the lease, if the lease t<span class=\"_ _0\"></span>erm r<span class=\"_ _0\"></span>eflects the lessee e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cising that option.  These pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e discounted using the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate implicit in the lease or<span class=\"_ _1\"></span>, if that rat<span class=\"_ _0\"></span>e cannot be readily determined, the incr<span class=\"_ _0\"></span>emental borr<span class=\"_ _0\"></span>owing r<span class=\"_ _4\"></span>ate of the component enter<span class=\"_ _0\"></span>ed into the lease agr<span class=\"_ _4\"></span>eement. Generally<span class=\"_ _4\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings uses its incremental borr<span class=\"_ _4\"></span>owing rat<span class=\"_ _0\"></span>e as the discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.  This is the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that the lessee, i.<span class=\"_ _0\"></span>e. each subsidiary of C<span class=\"_ _0\"></span>energy Holdings, w<span class=\"_ _4\"></span>ould have t<span class=\"_ _0\"></span>o pay on the c<span class=\"_ _0\"></span>ommencement date of the lease f<span class=\"_ _0\"></span>or a loan of a similar term, and with similar security<span class=\"_ _1\"></span>, to obtain an asset of similar v<span class=\"_ _0\"></span>alue to the right-of-use asset in similar economic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment. The lease liability is subsequently incr<span class=\"_ _4\"></span>eased by the inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t on the lease liability and decr<span class=\"_ _0\"></span>eased by lease payment made. It is r<span class=\"_ _4\"></span>emeasured if there is a modification tha<span class=\"_ _0\"></span>t is not acc<span class=\"_ _0\"></span>ounted for as a separ<span class=\"_ _4\"></span>ate lease; when there is a change in future lease pa<span class=\"_ _0\"></span>yments arising fr<span class=\"_ _0\"></span>om a change in an inde<span class=\"_ _0\"></span>x or rat<span class=\"_ _0\"></span>e; a change in the estimat<span class=\"_ _0\"></span>e of the amount expect<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able under a residual v<span class=\"_ _4\"></span>alue guarantee; and changes in the asses<span class=\"_ _0\"></span>sment of whether a purchase or ext<span class=\"_ _0\"></span>ension option is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o be ex<span class=\"_ _4\"></span>ercised or a termination option is r<span class=\"_ _0\"></span>easonably c<span class=\"_ _0\"></span>ertain not to be ex<span class=\"_ _4\"></span>ercised. Cener<span class=\"_ _0\"></span>gy Holdings elected not t<span class=\"_ _0\"></span>o separat<span class=\"_ _0\"></span>e non-lease components fr<span class=\"_ _4\"></span>om lease components.<span class=\"_ _8\"></span>  Lease liabilities and right-of-use assets ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely in the statement of financial position.  Cener<span class=\"_ _0\"></span>gy Holdings has elected t<span class=\"_ _0\"></span>o present int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est paid r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o lease liabilities in the Consolidat<span class=\"_ _0\"></span>ed Statement of Cash Flow<span class=\"_ _0\"></span>s, within the line \u201cInter<span class=\"_ _0\"></span>est char<span class=\"_ _4\"></span>ges &amp; related e<span class=\"_ _0\"></span>xpenses paid\u201d in oper<span class=\"_ _0\"></span>ating activities. Short-term leases and leases of lo<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>value as<span class=\"_ _0\"></span>sets Payments as<span class=\"_ _0\"></span>sociated with short-t<span class=\"_ _0\"></span>erm leases and leases of lo<span class=\"_ _0\"></span>w-v<span class=\"_ _4\"></span>alue assets are r<span class=\"_ _0\"></span>ecognised on a str<span class=\"_ _4\"></span>aight-line basis<span class=\"_ _8\"></span> as an expense in pr<span class=\"_ _4\"></span>ofit or loss. Short-term leases are leases with a lease t<span class=\"_ _0\"></span>erm of 12 months or less. Lo<span class=\"_ _4\"></span>w-value assets comprise IT<span class=\"_ _1\"></span>-equipment, small items of office furnitur<span class=\"_ _0\"></span>e and other equipment. Cenery Holdings companies lease adminis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion offices and w<span class=\"_ _0\"></span>arehouses b<span class=\"_ _4\"></span>y the ultimate parent c<span class=\"_ _0\"></span>ompany V<span class=\"_ _0\"></span>iohalco S.A. and other relat<span class=\"_ _0\"></span>ed companies. All c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for administr<span class=\"_ _4\"></span>ation offices and war<span class=\"_ _0\"></span>ehouses do not include any early termination penalty clauses and the<span class=\"_ _4\"></span>y are cancellable at any time<span class=\"_ _0\"></span>. For this r<span class=\"_ _4\"></span>eason, all intercompan<span class=\"_ _0\"></span>y contr<span class=\"_ _4\"></span>acts for<span class=\"_ _8\"></span> administr<span class=\"_ _0\"></span>ation offices and w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as short term and Cener<span class=\"_ _4\"></span>gy Holdings recognises the lease payments associa<span class=\"_ _0\"></span>ted with these leases as an e<span class=\"_ _0\"></span>xpense on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er the lease term. Rental income Rental income is r<span class=\"_ _4\"></span>ecognised as other income on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>ver the t<span class=\"_ _0\"></span>erm of the lease. L<span class=\"_ _0\"></span>ease incentiv<span class=\"_ _0\"></span>es grant<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as an integr<span class=\"_ _0\"></span>al part of the total r<span class=\"_ _4\"></span>ental income, ov<span class=\"_ _4\"></span>er the term of the lease. 5.<span class=\"_ _4\"></span>15 Financial instruments<span class=\"_ _8\"></span> A. Recognition and initial measur<span class=\"_ _0\"></span>ement T<span class=\"_ _1\"></span>rade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables are initially r<span class=\"_ _4\"></span>ecognised when they ar<span class=\"_ _0\"></span>e originated. All other financial as<span class=\"_ _0\"></span>sets and financial liabilities are initially r<span class=\"_ _4\"></span>ecognised when Cenergy Holdings bec<span class=\"_ _0\"></span>omes a party to the c<span class=\"_ _0\"></span>ontractual pr<span class=\"_ _4\"></span>ovisions of the instrument. A financial asset (unless it is a tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able without a significant financing component tha<span class=\"_ _0\"></span>t is initially measured at the transaction pric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>) is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue plus, for an it<span class=\"_ _0\"></span>em not at FVTPL, tr<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts that are dir<span class=\"_ _4\"></span>ectly attributable to its acquisition. A trade r<span class=\"_ _4\"></span>eceivable without a significant financing component is initially measured at the tr<span class=\"_ _4\"></span>ansaction price. B. Classification and subsequent measurement Financial assets On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span> Financial assets ar<span class=\"_ _0\"></span>e not reclas<span class=\"_ _0\"></span>sified subsequent to their initial r<span class=\"_ _0\"></span>ecognition, unles<span class=\"_ _0\"></span>s Cener<span class=\"_ _0\"></span>gy Holdings changes its business model for managing financial as<span class=\"_ _0\"></span>sets, in which case all affected financial as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified on the first day of the first r<span class=\"_ _4\"></span>eporting period following the change in the business model. A financial asset is measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t if it meets both of the follo<span class=\"_ _0\"></span>wing conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is to hold assets t<span class=\"_ _0\"></span>o collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. A debt inv<span class=\"_ _4\"></span>estment is measured at FV<span class=\"_ _4\"></span>OCI if it meets both of the following conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _4\"></span>ed by both collecting c<span class=\"_ _0\"></span>ontractual cash flo<span class=\"_ _4\"></span>ws and<span class=\"_ _8\"></span> selling financial assets; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. On initial rec<span class=\"_ _0\"></span>ognition of an equity in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment that is not held for tr<span class=\"_ _4\"></span>ading, Cenergy Holdings may irr<span class=\"_ _4\"></span>evocably elect to pr<span class=\"_ _0\"></span>esent subsequent changes in the inv<span class=\"_ _4\"></span>estment\u2019s fair v<span class=\"_ _0\"></span>alue in OCI. T<span class=\"_ _0\"></span>his election is made on an inv<span class=\"_ _4\"></span>estment-by-inv<span class=\"_ _4\"></span>estment basis.<span class=\"_ _8\"></span> All financial assets (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es held for hedging purposes<span class=\"_ _0\"></span>) not classified as measur<span class=\"_ _0\"></span>ed at amortised c<span class=\"_ _0\"></span>ost or FV<span class=\"_ _0\"></span>OCI as described abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e are measur<span class=\"_ _4\"></span>ed at FVTPL. On initial recognition, Cener<span class=\"_ _4\"></span>gy Holdings may irre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ocably designate a financial asset tha<span class=\"_ _0\"></span>t otherwise meets the requir<span class=\"_ _4\"></span>ements to be measured at amortised c<span class=\"_ _0\"></span>ost or at FV<span class=\"_ _4\"></span>OCI as<span class=\"_ _8\"></span> at FVTPL if doing so eliminates or significantly r<span class=\"_ _4\"></span>educes an accounting mismat<span class=\"_ _0\"></span>ch that w<span class=\"_ _0\"></span>ould otherwise arise. Financial assets \u2013 Business model as<span class=\"_ _0\"></span>sessment:  Cener<span class=\"_ _0\"></span>gy Holdings makes an as<span class=\"_ _0\"></span>sessment of the objectiv<span class=\"_ _0\"></span>e of the business model in which a financial as<span class=\"_ _0\"></span>set is held at a portfolio le<span class=\"_ _4\"></span>vel because this best r<span class=\"_ _0\"></span>eflects the wa<span class=\"_ _0\"></span>y the business is managed and inf<span class=\"_ _0\"></span>ormation is pro<span class=\"_ _4\"></span>vided to management. T<span class=\"_ _1\"></span>ransfers of financial assets t<span class=\"_ _0\"></span>o thir<span class=\"_ _0\"></span>d parties in transactions tha<span class=\"_ _0\"></span>t do not qualify for der<span class=\"_ _0\"></span>ecognition ar<span class=\"_ _0\"></span>e not consider<span class=\"_ _0\"></span>ed sales for this purpose, c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with the Group\u2019<span class=\"_ _4\"></span>s continuing rec<span class=\"_ _0\"></span>ognition of the assets. Financial assets \u2013 Ass<span class=\"_ _0\"></span>essment whether contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws are s<span class=\"_ _0\"></span>olely pa<span class=\"_ _0\"></span>yments of principal and interes<span class=\"_ _0\"></span>t:  For the purposes of this asses<span class=\"_ _0\"></span>sment, \u201cprincipal\u201d is defined as the fair v<span class=\"_ _0\"></span>alue of the financial asset on initial r<span class=\"_ _4\"></span>ecognition.<span class=\"_ _8\"></span> \u201cInter<span class=\"_ _0\"></span>est\u201d is defined as consider<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the time value of mone<span class=\"_ _4\"></span>y and for the credit risk associat<span class=\"_ _0\"></span>ed with the principal amount outstanding during a particular period of time and for other basic lending risks and c<span class=\"_ _0\"></span>osts (<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span>g. liquidity risk and administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e costs<span class=\"_ _4\"></span>), as well as a profit mar<span class=\"_ _0\"></span>gin. In asses<span class=\"_ _0\"></span>sing whether the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e solely payments of principal and inter<span class=\"_ _0\"></span>est, Cener<span class=\"_ _4\"></span>gy Holdings considers the contractual t<span class=\"_ _0\"></span>erms of the instrument. T<span class=\"_ _0\"></span>his includes assessing whether the financial asset contains a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual term that c<span class=\"_ _0\"></span>ould change the timing or amount of contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s such that it w<span class=\"_ _0\"></span>ould not meet this condition. In making this asses<span class=\"_ _0\"></span>sment, Cener<span class=\"_ _0\"></span>gy Holdings considers: \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontingent e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents that w<span class=\"_ _0\"></span>ould change the amount or timing of cash flow<span class=\"_ _0\"></span>s; \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that ma<span class=\"_ _0\"></span>y adjust the contr<span class=\"_ _4\"></span>actual coupon rat<span class=\"_ _0\"></span>e, including v<span class=\"_ _0\"></span>ariable-ra<span class=\"_ _0\"></span>te fea<span class=\"_ _0\"></span>tures; \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>epayment and ext<span class=\"_ _0\"></span>ension featur<span class=\"_ _0\"></span>es; and \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that limit the claim to cash flo<span class=\"_ _4\"></span>ws from specified assets (<span class=\"_ _4\"></span>e.g. non-rec<span class=\"_ _0\"></span>ourse featur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>). Financial assets \u2013 Subsequen<span class=\"_ _0\"></span>t measurement and gains and losses:   Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s.  Financial assets at amortised cos<span class=\"_ _0\"></span>t  <span class=\"_ _12\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method. The amortised cos<span class=\"_ _0\"></span>t is reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y impairment losses. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome, for<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change gains and losses and impairment are rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. Any gain or loss on derec<span class=\"_ _0\"></span>ognition is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss.  Debt inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _6f\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _4\"></span>ed at fair value. Inter<span class=\"_ _4\"></span>est income calculated using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method, for<span class=\"_ _4\"></span>eign exchange gains and losses and impairment are r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Other net gains and los<span class=\"_ _0\"></span>ses are r<span class=\"_ _0\"></span>ecognised in OCI. On derec<span class=\"_ _0\"></span>ognition, gains and losses accumulat<span class=\"_ _0\"></span>ed in OCI ar<span class=\"_ _0\"></span>e reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.  Equity inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _4a\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _4\"></span>e subsequently measured at fair v<span class=\"_ _0\"></span>alue. Dividends ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as income in pr<span class=\"_ _0\"></span>ofit or loss unless the dividend clearly r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents a rec<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>ery of part of the cost of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment. Other net gains and losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in OCI and ar<span class=\"_ _0\"></span>e nev<span class=\"_ _0\"></span>er reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. C. Derecognition Financial assets Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial asset when  \u2022 <span class=\"_ _23\"> </span>the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual rights to the cash flo<span class=\"_ _0\"></span>ws fr<span class=\"_ _4\"></span>om the financial asset expir<span class=\"_ _0\"></span>e; or  \u2022 <span class=\"_ _23\"> </span>it tr<span class=\"_ _4\"></span>ansfers the rights to rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws in a tr<span class=\"_ _0\"></span>ansaction:  - <span class=\"_ _55\"> </span>in which substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership of the financial asset ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed; or  - <span class=\"_ _55\"> </span>in which Cener<span class=\"_ _0\"></span>gy Holdings neither tr<span class=\"_ _0\"></span>ansfers nor r<span class=\"_ _0\"></span>etains substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership and it does not retain c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the financial asset. Cener<span class=\"_ _0\"></span>gy Holdings enters int<span class=\"_ _0\"></span>o transactions wher<span class=\"_ _4\"></span>eby it transf<span class=\"_ _0\"></span>ers assets r<span class=\"_ _0\"></span>ecognised in its sta<span class=\"_ _0\"></span>tement of financial position, but retains either all or subs<span class=\"_ _0\"></span>tantially all of the risks and re<span class=\"_ _4\"></span>wards of the tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed assets. In these cases, the transf<span class=\"_ _0\"></span>erred as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e not derec<span class=\"_ _0\"></span>ognised. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. 5.<span class=\"_ _4\"></span>16 Share capital<span class=\"_ _8\"></span> Shareholder\u2019s equity is c<span class=\"_ _0\"></span>omposed of or<span class=\"_ _0\"></span>dinary shares.  Incremental c<span class=\"_ _0\"></span>osts dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _0\"></span>o the issue of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es are r<span class=\"_ _4\"></span>ecognised as a deduction from equity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Income tax r<span class=\"_ _0\"></span>elating to tr<span class=\"_ _4\"></span>ansaction costs of an equity transaction is ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in equity (see Not<span class=\"_ _0\"></span>e 5.<span class=\"_ _0\"></span>7).  5.<span class=\"_ _4\"></span>17 Provisions Pro<span class=\"_ _4\"></span>visions are measured b<span class=\"_ _4\"></span>y discounting the expected futur<span class=\"_ _4\"></span>e cash flows at a pr<span class=\"_ _0\"></span>e-tax r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. The disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te used for the determination of pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the obligation. Pro<span class=\"_ _4\"></span>visions are rec<span class=\"_ _0\"></span>ognised when: i.<span class=\"_ _12\"> </span>Ther<span class=\"_ _4\"></span>e is a present legal or constructiv<span class=\"_ _4\"></span>e obligation as a result of past e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents.ii.<span class=\"_ _23\"> </span>P<span class=\"_ _0\"></span>ayment is pr<span class=\"_ _4\"></span>obable to settle the obligation.iii.<span class=\"_ _50\"> </span>The amount of the payment in question can be r<span class=\"_ _4\"></span>eliably estimated.Pro<span class=\"_ _4\"></span>visions for pending court rulings are r<span class=\"_ _4\"></span>ecognised when it is more lik<span class=\"_ _0\"></span>ely than not, that a pr<span class=\"_ _0\"></span>esent obligation fr<span class=\"_ _0\"></span>om this litigation e<span class=\"_ _0\"></span>xists, and payment is pr<span class=\"_ _4\"></span>obable.<span class=\"_ _8\"></span>  Assur<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>arrant<span class=\"_ _0\"></span>y pro<span class=\"_ _4\"></span>visions are rec<span class=\"_ _0\"></span>ognised when the pr<span class=\"_ _0\"></span>oduct is sold and acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o hist<span class=\"_ _0\"></span>orical experienc<span class=\"_ _0\"></span>e (probability tha<span class=\"_ _0\"></span>t sold products will need t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>eplaced). T<span class=\"_ _0\"></span>he initial estimat<span class=\"_ _0\"></span>e of warr<span class=\"_ _4\"></span>anty-relat<span class=\"_ _0\"></span>ed costs is r<span class=\"_ _4\"></span>evised annually<span class=\"_ _4\"></span>. Restructuring pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised only when Cener<span class=\"_ _0\"></span>gy Holdings has a cons<span class=\"_ _0\"></span>tructiv<span class=\"_ _0\"></span>e obligation, which is when a detailed formal plan identifies the business or part of the busines<span class=\"_ _0\"></span>s concerned, the loca<span class=\"_ _0\"></span>tion and number of employ<span class=\"_ _4\"></span>ees affected, a detailed estimat<span class=\"_ _0\"></span>e of the associat<span class=\"_ _0\"></span>ed costs, and an appr<span class=\"_ _4\"></span>opriate timeline, and the emplo<span class=\"_ _0\"></span>yees affected ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been notified of the plan\u2019<span class=\"_ _0\"></span>s main featur<span class=\"_ _4\"></span>es or when the company has already s<span class=\"_ _0\"></span>tarted t<span class=\"_ _0\"></span>o implement the plan. A pro<span class=\"_ _4\"></span>vision for onerous contr<span class=\"_ _4\"></span>acts is measured at the present v<span class=\"_ _4\"></span>alue of the lower of the e<span class=\"_ _4\"></span>xpected cost of terminating a contr<span class=\"_ _0\"></span>act and the e<span class=\"_ _0\"></span>xpected net c<span class=\"_ _0\"></span>ost of continuing with the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act. Befor<span class=\"_ _0\"></span>e the pro<span class=\"_ _4\"></span>vision is established, Cenergy Holdings rec<span class=\"_ _0\"></span>ognises any impairment los<span class=\"_ _0\"></span>s on the associated as<span class=\"_ _0\"></span>sets with the contr<span class=\"_ _0\"></span>act.  5.<span class=\"_ _4\"></span>18 Earnings per share<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings presents basic and dilut<span class=\"_ _0\"></span>ed earnings per shar<span class=\"_ _0\"></span>e. Basic earnings per shar<span class=\"_ _0\"></span>e are calcula<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y dividing the net profit/ los<span class=\"_ _0\"></span>s (-) attributable to holders of the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s ordinary shares b<span class=\"_ _0\"></span>y the a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erage w<span class=\"_ _4\"></span>eighted number of<span class=\"_ _8\"></span> outstanding or<span class=\"_ _0\"></span>dinary shares during each period.  Diluted earnings per shar<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _0\"></span>y adjusting the pr<span class=\"_ _0\"></span>ofit or loss at<span class=\"_ _0\"></span>tributable to holders of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es and the av<span class=\"_ _4\"></span>erage weight<span class=\"_ _0\"></span>ed number of outstanding or<span class=\"_ _0\"></span>dinary shares b<span class=\"_ _4\"></span>y the effect of all diluted ev<span class=\"_ _4\"></span>entual ordinary shares c<span class=\"_ _0\"></span>onsisting of c<span class=\"_ _0\"></span>onv<span class=\"_ _4\"></span>ertible notes and shares with options gr<span class=\"_ _0\"></span>anted t<span class=\"_ _0\"></span>o the staff<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> 5.<span class=\"_ _4\"></span>19 Operating profit Operating pr<span class=\"_ _4\"></span>ofit is the result generat<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om the continuing principal r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue-producing activities of C<span class=\"_ _0\"></span>energy Holdings, as well as other inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpenses rela<span class=\"_ _0\"></span>ted to oper<span class=\"_ _4\"></span>ating activities. Operating pr<span class=\"_ _0\"></span>ofit ex<span class=\"_ _4\"></span>cludes net finance costs, shar<span class=\"_ _4\"></span>e of profit of equity-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees and income tax<span class=\"_ _4\"></span>es.<span class=\"_ _8\"></span> 5.20 Fair v<span class=\"_ _4\"></span>alue measurement<span class=\"_ _8\"></span> \u201cF<span class=\"_ _0\"></span>air value\u201d is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed to sell an as<span class=\"_ _0\"></span>set or paid to tr<span class=\"_ _0\"></span>ansfer a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _4\"></span>ansaction<span class=\"_ _8\"></span> between mark<span class=\"_ _4\"></span>et participants at the measurement date in the principal or<span class=\"_ _1\"></span>, in its absence, the most adv<span class=\"_ _0\"></span>antageous market t<span class=\"_ _0\"></span>o which Cener<span class=\"_ _0\"></span>gy Holdings has acc<span class=\"_ _0\"></span>ess at that da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he fair v<span class=\"_ _4\"></span>alue of a liability reflects its non-performanc<span class=\"_ _0\"></span>e risk. A number of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and disclosures r<span class=\"_ _4\"></span>equire the measurement of f<span class=\"_ _0\"></span>air values, f<span class=\"_ _0\"></span>or both financial and non-financial assets and liabilities. When one is av<span class=\"_ _0\"></span>ailable, C<span class=\"_ _0\"></span>energy Holdings measur<span class=\"_ _4\"></span>es the fair value of an instrument using the quot<span class=\"_ _0\"></span>ed price in an active mark<span class=\"_ _4\"></span>et for that instrument. A market is r<span class=\"_ _4\"></span>egarded as \u201cactiv<span class=\"_ _0\"></span>e\u201d if transactions f<span class=\"_ _0\"></span>or the asset or liability tak<span class=\"_ _4\"></span>e place<span class=\"_ _8\"></span> with sufficient frequency and v<span class=\"_ _4\"></span>olume to pro<span class=\"_ _4\"></span>vide pricing information on an ongoing basis.<span class=\"_ _8\"></span> If there is no quot<span class=\"_ _0\"></span>ed price in an activ<span class=\"_ _4\"></span>e market, then Cener<span class=\"_ _0\"></span>gy Holdings uses valuation t<span class=\"_ _0\"></span>echniques that maximise the use of rele<span class=\"_ _4\"></span>vant observable inputs and minimise the use of unobserv<span class=\"_ _0\"></span>able inputs. T<span class=\"_ _0\"></span>he chosen valuation t<span class=\"_ _0\"></span>echnique incorpor<span class=\"_ _0\"></span>ates all of the f<span class=\"_ _0\"></span>actors that mark<span class=\"_ _4\"></span>et participants would take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount in pricing a transaction. If an asset or a liability measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _4\"></span>alue has a bid price and an ask price, then Cener<span class=\"_ _0\"></span>gy Holdings measur<span class=\"_ _0\"></span>es assets and long positions at a bid price and liabilities and short positions a<span class=\"_ _0\"></span>t an ask price. The best e<span class=\"_ _4\"></span>vidence of the fair value of a financial ins<span class=\"_ _0\"></span>trument on initial r<span class=\"_ _0\"></span>ecognition is normally the tr<span class=\"_ _0\"></span>ansaction price \u2013 i.e. the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of the consider<span class=\"_ _0\"></span>ation giv<span class=\"_ _0\"></span>en or r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed. If Cenergy Holdings determines that the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition differs fr<span class=\"_ _0\"></span>om the tr<span class=\"_ _0\"></span>ansaction price and the f<span class=\"_ _0\"></span>air value is e<span class=\"_ _4\"></span>videnced neither by a quoted pric<span class=\"_ _0\"></span>e in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or an identical asset or liability nor based on a v<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echnique for which any unobserv<span class=\"_ _4\"></span>able inputs<span class=\"_ _8\"></span> are judged t<span class=\"_ _0\"></span>o be insignificant in r<span class=\"_ _0\"></span>elation to the measur<span class=\"_ _0\"></span>ement, then the financial instrument is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue, adjust<span class=\"_ _0\"></span>ed to def<span class=\"_ _0\"></span>er the differ<span class=\"_ _0\"></span>ence bet<span class=\"_ _0\"></span>ween the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition and the tr<span class=\"_ _0\"></span>ansaction price. Subsequently<span class=\"_ _4\"></span>, that differ<span class=\"_ _0\"></span>ence is r<span class=\"_ _4\"></span>ecognised in profit or loss on an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e basis o<span class=\"_ _0\"></span>ver the lif<span class=\"_ _0\"></span>e of the instrument but no later than when the v<span class=\"_ _0\"></span>aluation is wholly support<span class=\"_ _0\"></span>ed by observ<span class=\"_ _4\"></span>able market data or the transaction is closed out. 5.21 New s<span class=\"_ _0\"></span>tandards, amendments to s<span class=\"_ _0\"></span>tandards and interpr<span class=\"_ _0\"></span>etations A number of new or amended s<span class=\"_ _0\"></span>tandards became applicable f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent financial year and subsequent y<span class=\"_ _4\"></span>ears.<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has applied all of the ne<span class=\"_ _0\"></span>w standar<span class=\"_ _0\"></span>ds, interpr<span class=\"_ _0\"></span>etations and amendments t<span class=\"_ _0\"></span>o exis<span class=\"_ _0\"></span>ting standar<span class=\"_ _0\"></span>ds that w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> mandatory f<span class=\"_ _0\"></span>or the first time in the fiscal y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and none of the ne<span class=\"_ _0\"></span>w or amended standar<span class=\"_ _0\"></span>ds and interpr<span class=\"_ _0\"></span>etations has had mat<span class=\"_ _0\"></span>erial impact on rec<span class=\"_ _0\"></span>ognition and measur<span class=\"_ _0\"></span>ement in the Consolidated Financial S<span class=\"_ _0\"></span>tatements. Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for the current financial y<span class=\"_ _0\"></span>ear The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments to standar<span class=\"_ _4\"></span>ds are mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e been endorsed by the European Union.  Amendments to IFRS 3 Business C<span class=\"_ _0\"></span>ombinations; IAS 16 Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant and Equipment; IAS 37 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and Contingent Assets as w<span class=\"_ _4\"></span>ell as Annual Improv<span class=\"_ _4\"></span>ements<span class=\"ff19\"> (effectiv<span class=\"_ _0\"></span>e for annual periods </span>beginning on or after 1 January 2022) The package of amendments includes narr<span class=\"_ _4\"></span>ow-scope amendments t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>ee Standards as w<span class=\"_ _4\"></span>ell as the Board\u2019s Annual Impro<span class=\"_ _4\"></span>vements, which are changes tha<span class=\"_ _0\"></span>t clarify the wor<span class=\"_ _4\"></span>ding or correct minor consequenc<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersights or conflicts between r<span class=\"_ _4\"></span>equirements in the Standards. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IFRS 3 Business Combinations<span class=\"ff19\"> upda<span class=\"_ _0\"></span>te a r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in IFRS 3 to the Conc<span class=\"_ _0\"></span>eptual Fr<span class=\"_ _0\"></span>amew<span class=\"_ _4\"></span>ork for<span class=\"_ _8\"></span> </span></span>Financial Reporting without changing the acc<span class=\"_ _0\"></span>ounting r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or business combina<span class=\"_ _0\"></span>tions. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 16 Property<span class=\"_ _1\"></span>, Plant and Equipment<span class=\"ff19\"> prohibit a c<span class=\"_ _0\"></span>ompany fr<span class=\"_ _0\"></span>om deducting fr<span class=\"_ _0\"></span>om the cos<span class=\"_ _0\"></span>t of </span></span>property<span class=\"_ _1\"></span>, plant and equipment amounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed from selling it<span class=\"_ _0\"></span>ems pr<span class=\"_ _0\"></span>oduced while the c<span class=\"_ _0\"></span>ompany is pr<span class=\"_ _0\"></span>eparing the asset for its int<span class=\"_ _0\"></span>ended use. Inst<span class=\"_ _0\"></span>ead, a compan<span class=\"_ _0\"></span>y will rec<span class=\"_ _0\"></span>ognise such sales pr<span class=\"_ _0\"></span>oceeds and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed cost in pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 3<span class=\"_ _0\"></span>7 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and C<span class=\"_ _0\"></span>ontingent Assets<span class=\"ff19\"> specify which cos<span class=\"_ _0\"></span>ts a </span></span>company includes when as<span class=\"_ _0\"></span>sessing whether a c<span class=\"_ _0\"></span>ontract will be los<span class=\"_ _0\"></span>s-making. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Annual Impro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ements 2018-2020<span class=\"ff19\"> mak<span class=\"_ _0\"></span>e minor amendments to IFRS 1 Firs<span class=\"_ _0\"></span>t-time Adoption of Int<span class=\"_ _0\"></span>ernational </span></span>Financial Reporting Standar<span class=\"_ _0\"></span>ds, IFRS 9 Financial Instruments, IA<span class=\"_ _0\"></span>S 41 A<span class=\"_ _0\"></span>gricultur<span class=\"_ _0\"></span>e and the Illustr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Examples accompan<span class=\"_ _0\"></span>ying IFRS 16 Leases. IFRS 16 (Amendment) \u2018Co<span class=\"_ _0\"></span>vid-<span class=\"_ _0\"></span>19-Relat<span class=\"_ _0\"></span>ed Rent Conc<span class=\"_ _0\"></span>essions\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e for annual periods beginning on or after 1 </span>April 2021) The amendments e<span class=\"_ _0\"></span>xtend, b<span class=\"_ _4\"></span>y one year<span class=\"_ _4\"></span>, the May 2020 amendment tha<span class=\"_ _0\"></span>t pro<span class=\"_ _4\"></span>vides lessees with an ex<span class=\"_ _0\"></span>emption fr<span class=\"_ _0\"></span>om assessing whether a C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _4\"></span>19-related r<span class=\"_ _0\"></span>ent conc<span class=\"_ _0\"></span>ession is a lease modification. In particular<span class=\"_ _1\"></span>, the amendment permits<span class=\"_ _8\"></span> a lessee to apply the pr<span class=\"_ _4\"></span>actical expedient regar<span class=\"_ _0\"></span>ding C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _0\"></span>19-r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>ent concessions to r<span class=\"_ _4\"></span>ent concessions for which any r<span class=\"_ _0\"></span>eduction in lease payments aff<span class=\"_ _0\"></span>ects only payments originally due on or bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e 30 June 2022 (r<span class=\"_ _0\"></span>ather than only payments originally due on or bef<span class=\"_ _0\"></span>ore 30 June 20<span class=\"_ _0\"></span>21).  Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for subsequent periods<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments hav<span class=\"_ _4\"></span>e been issued and endorsed by the Eur<span class=\"_ _0\"></span>opean Union but are not mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2022. The follo<span class=\"_ _0\"></span>wing amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 \u2018Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements: Classification of Liabilities as curr<span class=\"_ _0\"></span>ent or non-current\u2019<span class=\"ff19 ls5\"> </span>(eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e 01 January 2023), aff<span class=\"_ _0\"></span>ect only the pr<span class=\"_ _0\"></span>esentation of liabilities in the stat<span class=\"_ _0\"></span>ement of financial position \u2014 not the amount or timing of rec<span class=\"_ _0\"></span>ognition of any as<span class=\"_ _0\"></span>set, liability income or e<span class=\"_ _0\"></span>xpenses, or the informa<span class=\"_ _0\"></span>tion that entities disclose about those items. T<span class=\"_ _0\"></span>hey: \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t the classification of liabilities as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent should be based on rights that ar<span class=\"_ _0\"></span>e in exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e at the end of the r<span class=\"_ _0\"></span>eporting period and align the wor<span class=\"_ _4\"></span>ding in all affected paragr<span class=\"_ _0\"></span>aphs to r<span class=\"_ _4\"></span>efer to the \u201cright\u201d to defer settlement b<span class=\"_ _4\"></span>y at least twelv<span class=\"_ _0\"></span>e months and mak<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xplicit that only rights in place \u201ca<span class=\"_ _0\"></span>t the end of the reporting period\u201d should aff<span class=\"_ _0\"></span>ect the classification of a liability; \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t classification is unaffect<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpectations about whether an entity will e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise its right t<span class=\"_ _0\"></span>o defer settlement of a liability; and mak<span class=\"_ _0\"></span>e clear that settlement r<span class=\"_ _0\"></span>efers t<span class=\"_ _0\"></span>o the transf<span class=\"_ _0\"></span>er to the c<span class=\"_ _0\"></span>ounterparty of cash, equit<span class=\"_ _0\"></span>y instruments, other assets or servic<span class=\"_ _0\"></span>es. Amendments to IAS 8 A<span class=\"_ _4\"></span>ccounting policies, Changes in Ac<span class=\"_ _0\"></span>counting Es<span class=\"_ _0\"></span>timates and Err<span class=\"_ _0\"></span>ors: Definition of Ac<span class=\"_ _0\"></span>counting Estimates<span class=\"ff19 ws1\"> (<span class=\"_ _4\"></span>effective 1 January 20<span class=\"_ _0\"></span>23).  </span>The amendment t<span class=\"_ _0\"></span>o IAS 8, \u2018<span class=\"_ _1\"></span>Acc<span class=\"_ _0\"></span>ounting Policies, Changes in A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ounting Estimat<span class=\"_ _0\"></span>es and Errors\u2019, clarifies ho<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span> companies should distinguish changes in ac<span class=\"_ _0\"></span>counting policies fr<span class=\"_ _0\"></span>om changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es. The amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IAS 12 Inc<span class=\"_ _0\"></span>ome T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>es: Deferred T<span class=\"_ _1\"></span>ax rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o Assets and Liabilities arising from a Single T<span class=\"_ _4\"></span>ransaction<span class=\"ff19 ws1\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e 1 January 2023). </span>The amendments clarify ho<span class=\"_ _0\"></span>w companies ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or deferr<span class=\"_ _0\"></span>ed tax on tr<span class=\"_ _0\"></span>ansactions such as leases and decommissioning obligations. T<span class=\"_ _4\"></span>he main change in the amendments is an exemption fr<span class=\"_ _4\"></span>om the initial recognition ex<span class=\"_ _4\"></span>emption of IAS 12.<span class=\"_ _0\"></span>15(b<span class=\"_ _0\"></span>) and IAS 12.2<span class=\"_ _4\"></span>4. Accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>, the initial recognition e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption does not apply to transactions in which equal amounts of deductible and tax<span class=\"_ _0\"></span>able tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences arise on initial recognition. The amendments ar<span class=\"_ _0\"></span>e effectiv<span class=\"_ _4\"></span>e for annual reporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Early adoption is permitted. IFRS 17 \u2018Insuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2023).<span class=\"_ _8\"></span>  </span>This standar<span class=\"_ _4\"></span>d replaces IFRS 4, which curr<span class=\"_ _0\"></span>ently permits a wide v<span class=\"_ _0\"></span>ariety of pr<span class=\"_ _0\"></span>actices in acc<span class=\"_ _0\"></span>ounting for insur<span class=\"_ _4\"></span>ance<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>acts. IFRS 17 will fundamentally change the acc<span class=\"_ _0\"></span>ounting by all entities tha<span class=\"_ _0\"></span>t issue insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts and inv<span class=\"_ _4\"></span>estment contracts with discr<span class=\"_ _0\"></span>etionary participation fea<span class=\"_ _0\"></span>tures. On 17 Mar<span class=\"_ _4\"></span>ch 2020, IASB decided t<span class=\"_ _0\"></span>o defer the effectiv<span class=\"_ _0\"></span>e date t<span class=\"_ _0\"></span>o annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 2023. T<span class=\"_ _4\"></span>he endorsement includes the<span class=\"_ _8\"></span> amendments issued b<span class=\"_ _0\"></span>y the Board in June 20<span class=\"_ _0\"></span>20, which ar<span class=\"_ _4\"></span>e aimed at helping companies implement the Standard and making it easier for them to e<span class=\"_ _4\"></span>xplain their financial performance.The EU r<span class=\"_ _0\"></span>egulation pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an optional e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption from applying the annual c<span class=\"_ _0\"></span>ohort r<span class=\"_ _0\"></span>equirement tha<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>es to the timing of the rec<span class=\"_ _0\"></span>ognition of the pr<span class=\"_ _0\"></span>ofit in the contr<span class=\"_ _0\"></span>act, the contr<span class=\"_ _0\"></span>actual service mar<span class=\"_ _4\"></span>gin, in profit or loss. Entities making use of the ex<span class=\"_ _4\"></span>emption are not applying IFRSs as issued b<span class=\"_ _0\"></span>y the IASB and need t<span class=\"_ _0\"></span>o disclose the fact. Amendments to IFRS 17 Insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts: Initial Applica<span class=\"_ _0\"></span>tion of IFRS 17 and IFRS 9 \u2013 Compar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Information<span class=\"ff19 ls5\"> </span>(issued on 9 December 20<span class=\"_ _0\"></span>21, effectiv<span class=\"_ _0\"></span>e 1 January 2023).  The amendment is a tr<span class=\"_ _0\"></span>ansition option r<span class=\"_ _0\"></span>elating to c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e information about financial as<span class=\"_ _0\"></span>sets present<span class=\"_ _0\"></span>ed on initial application of IFRS 17<span class=\"_ _1\"></span>. The amendment is aimed at helping entities to a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oid tempor<span class=\"_ _0\"></span>ary acc<span class=\"_ _0\"></span>ounting mismatches between financial as<span class=\"_ _0\"></span>sets and insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontract liabilities, and ther<span class=\"_ _4\"></span>efore impr<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>e the usefulness of compara<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e information for users of financial s<span class=\"_ _0\"></span>tatements. The f<span class=\"_ _0\"></span>ollowing amendments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been issued but ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>ory for the first time f<span class=\"_ _0\"></span>or the financial y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e not been endorsed by the European Union. T<span class=\"_ _4\"></span>he following amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements and IFRS Practic<span class=\"_ _0\"></span>e Stat<span class=\"_ _0\"></span>ement 2: Disclosure of Ac<span class=\"_ _0\"></span>counting policies<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2023).  </span>The amendments aim t<span class=\"_ _0\"></span>o impro<span class=\"_ _4\"></span>ve acc<span class=\"_ _0\"></span>ounting policy disclosur<span class=\"_ _0\"></span>es and to help users of the financial sta<span class=\"_ _0\"></span>tements to distinguish betw<span class=\"_ _0\"></span>een changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es and changes in acc<span class=\"_ _0\"></span>ounting policies. The IA<span class=\"_ _0\"></span>S 1 amendment requir<span class=\"_ _4\"></span>es companies to disclose their material ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation r<span class=\"_ _0\"></span>ather than their significant acc<span class=\"_ _0\"></span>ounting policies. Further<span class=\"_ _4\"></span>, the amendment to IAS 1 clarifies tha<span class=\"_ _0\"></span>t immaterial ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation need not be disclosed. T<span class=\"_ _1\"></span>o support this amendment, the Board also amended IFRS Pr<span class=\"_ _4\"></span>actice Statement 2, \u2018Making Mat<span class=\"_ _0\"></span>eriality Judgements\u2019, to pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vide guidance on ho<span class=\"_ _0\"></span>w to apply the c<span class=\"_ _0\"></span>oncept of mat<span class=\"_ _0\"></span>eriality t<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ounting policy disclosures. T<span class=\"_ _4\"></span>he<span class=\"_ _8\"></span> amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IFRS 16 Leases: L<span class=\"_ _0\"></span>ease Liability in a Sale and Leaseback<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2024). </span>The amendments e<span class=\"_ _0\"></span>xplain ho<span class=\"_ _0\"></span>w an entity acc<span class=\"_ _0\"></span>ounts for a sale and leaseback aft<span class=\"_ _0\"></span>er the date of the tr<span class=\"_ _4\"></span>ansaction,<span class=\"_ _8\"></span> specifically where some or all the lease pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e variable lease pa<span class=\"_ _4\"></span>yments that do not depend on an index or rat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y stat<span class=\"_ _0\"></span>e that, in subsequently measuring the lease liability<span class=\"_ _1\"></span>, the seller-lessee determines \u2018lease payments\u2019 and \u2018re<span class=\"_ _4\"></span>vised lease payments\u2019 in a way tha<span class=\"_ _0\"></span>t does not result in the seller-les<span class=\"_ _0\"></span>see rec<span class=\"_ _0\"></span>ognising any amount of the gain or los<span class=\"_ _0\"></span>s that rela<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o the right of use it retains. An<span class=\"_ _0\"></span>y gains and losses r<span class=\"_ _0\"></span>elating to the full or partial t<span class=\"_ _0\"></span>ermination of a lease continue to be r<span class=\"_ _4\"></span>ecognised when they occur as these r<span class=\"_ _4\"></span>elate to the right of use terminat<span class=\"_ _0\"></span>ed and not the right of use retained. The f<span class=\"_ _0\"></span>ollowing s<span class=\"_ _0\"></span>tandard is manda<span class=\"_ _0\"></span>tory since the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2016 (how<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver not y<span class=\"_ _4\"></span>et subjected to EU endorsement). T<span class=\"_ _0\"></span>he European C<span class=\"_ _0\"></span>ommission has decided not to launch the endorsement pr<span class=\"_ _4\"></span>ocess of this interim standar<span class=\"_ _0\"></span>d but to w<span class=\"_ _0\"></span>ait for the final standar<span class=\"_ _4\"></span>d:<span class=\"_ _8\"></span> IFRS 14, \u2018Regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al accounts\u2019<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2016). </span>It concerns an int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d on the acc<span class=\"_ _0\"></span>ounting for c<span class=\"_ _0\"></span>ertain balances that arise fr<span class=\"_ _4\"></span>om rate\u2013r<span class=\"_ _0\"></span>egulated activities. IFRS 14 is only applicable to entities that apply IFRS 1 as first-time adopt<span class=\"_ _0\"></span>ers of IFRS. It permits such entities, on adoption of IFRS, to continue t<span class=\"_ _0\"></span>o apply their pr<span class=\"_ _0\"></span>evious GAAP ac<span class=\"_ _0\"></span>counting policies f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>ecognition, measurement, impairment and der<span class=\"_ _4\"></span>ecognition of regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>ounts. The int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d also pro<span class=\"_ _4\"></span>vides guidance on selecting and changing acc<span class=\"_ _0\"></span>ounting policies (<span class=\"_ _0\"></span>on first\u2013time adoption or subsequently) and on presentation and disclosur<span class=\"_ _4\"></span>e. 6.<span class=\"_\"> </span>Oper<span class=\"_ _0\"></span>ating segmentsA.<span class=\"_\"> </span>Basis for the division into segmentsCener<span class=\"_ _0\"></span>gy Holdings is divided into 2 r<span class=\"_ _0\"></span>eportable segments: \u2022<span class=\"_\"> </span>Cables;\u2022<span class=\"_ _12\"> </span>Steel Pipes.For management purposes, Cener<span class=\"_ _4\"></span>gy Holdings is split into two major s<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>egic r<span class=\"_ _0\"></span>eportable segments which opera<span class=\"_ _0\"></span>te in differ<span class=\"_ _0\"></span>ent industries. T<span class=\"_ _0\"></span>hese segments offer differ<span class=\"_ _4\"></span>ent products and services, and ar<span class=\"_ _0\"></span>e managed separ<span class=\"_ _0\"></span>ately because they r<span class=\"_ _4\"></span>equire differ<span class=\"_ _0\"></span>ent technology and mark<span class=\"_ _0\"></span>eting str<span class=\"_ _0\"></span>ategies. Such structur<span class=\"_ _0\"></span>al organiza<span class=\"_ _0\"></span>tion is determined b<span class=\"_ _0\"></span>y the natur<span class=\"_ _0\"></span>e of risks and returns as<span class=\"_ _0\"></span>sociated with each busines<span class=\"_ _0\"></span>s segment. It is based on the management structur<span class=\"_ _0\"></span>e, as w<span class=\"_ _0\"></span>ell as the internal r<span class=\"_ _0\"></span>eporting sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em. It r<span class=\"_ _0\"></span>epresents the basis on which Cener<span class=\"_ _0\"></span>gy Holdings reports its segmental inf<span class=\"_ _0\"></span>ormation. The segment analy<span class=\"_ _0\"></span>sis pr<span class=\"_ _0\"></span>esented in these Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _0\"></span>ements reflects oper<span class=\"_ _4\"></span>ations analysed by business. This is the w<span class=\"_ _4\"></span>ay the chief operating decision mak<span class=\"_ _0\"></span>er of Cener<span class=\"_ _0\"></span>gy Holdings r<span class=\"_ _0\"></span>egularly r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws the operating results of the Gr<span class=\"_ _4\"></span>oup in order to allocate r<span class=\"_ _4\"></span>esources to segments and in as<span class=\"_ _0\"></span>sessing their performanc<span class=\"_ _0\"></span>e. A brief description of the segments is as follo<span class=\"_ _0\"></span>ws: \u2022<span class=\"_ _12\"> </span><span class=\"ff1c\">Cables</span><span class=\"ws1\">: Hellenic Cables, its subsidiaries, and Icme Ecab S.A. manufactur<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er and telecommunication cables</span>for onshor<span class=\"_ _0\"></span>e applications, submarine cables, copper and aluminium wir<span class=\"_ _4\"></span>es and compounds.\u2022<span class=\"_ _12\"> </span><span class=\"ff1c ws1\">Steel pipes<span class=\"ff19\">: Corinth Pipe<span class=\"_ _0\"></span>works engages in the pr<span class=\"_ _4\"></span>oduction of steel pipes for the tr<span class=\"_ _0\"></span>ansportation of natur<span class=\"_ _0\"></span>al gas, oil,</span></span>wat<span class=\"_ _0\"></span>er netw<span class=\"_ _0\"></span>orks, hy<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>ogen and CCS (<span class=\"_ _4\"></span>carbon capture and stor<span class=\"_ _4\"></span>age) technologies, as w<span class=\"_ _0\"></span>ell as st<span class=\"_ _0\"></span>eel hollow sectionswhich are used in c<span class=\"_ _0\"></span>onstruction pr<span class=\"_ _0\"></span>ojects.\u2022<span class=\"_ _12\"> </span><span class=\"ff1c ws1\">Other activities<span class=\"ff19\">: The segment includes the activities of the Holding compan<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>.</span></span>B.<span class=\"_\"> </span>Information about reportable segments and r<span class=\"_ _0\"></span>econcilia<span class=\"_ _0\"></span>tions to IFRS measuresThe inf<span class=\"_ _0\"></span>ormation disclosed in the tables below is deriv<span class=\"_ _4\"></span>ed directly from the int<span class=\"_ _0\"></span>ernal financial r<span class=\"_ _0\"></span>eporting sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em used by the Board (i.<span class=\"_ _0\"></span>e. chief oper<span class=\"_ _0\"></span>ating decision mak<span class=\"_ _0\"></span>er) to monit<span class=\"_ _0\"></span>or and e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the performanc<span class=\"_ _0\"></span>e of the oper<span class=\"_ _0\"></span>ating segments separat<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing tables illus<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>te the informa<span class=\"_ _0\"></span>tion about the reportable segments\u2019 pr<span class=\"_ _4\"></span>ofit or loss, assets and liabilities on<span class=\"_ _8\"></span> 31 December 2022 and 20<span class=\"_ _0\"></span>21, and for the y<span class=\"_ _0\"></span>ears then ended.  2022 <span class=\"_ _70\"> </span>Reportable segments <span class=\"_ _4d\"> </span> <span class=\"_ _71\"> </span>  <span class=\"_ _72\"> </span> <span class=\"_ _63\"> </span>  Amounts in EUR thousand <span class=\"_ _73\"> </span>Note <span class=\"_ _74\"> </span>Cables <span class=\"_ _75\"> </span><span class=\"_ _b\"> </span>Steel Pipes Other<span class=\"_ _8\"></span> activities T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Segment re<span class=\"_ _0\"></span>venue  <span class=\"_ _77\"> </span> <span class=\"_ _78\"> </span>1,520,681 <span class=\"_ _79\"> </span>679<span class=\"_ _0\"></span>,67<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _51\"> </span>2,200,353  Inter-segment r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue <span class=\"_ _7b\"> </span> <span class=\"_ _7c\"> </span>(556,292) <span class=\"_ _11\"> </span>(218,053) <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _50\"> </span><span class=\"ff1a\">(77<span class=\"_ _4\"></span>4,345) </span> External re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue <span class=\"_ _7d\"> </span><span class=\"ff19\">7</span> <span class=\"_ _64\"> </span>964,388 <span class=\"_ _79\"> </span>461,620 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2c\"> </span>1,426,008  Gross pr<span class=\"_ _0\"></span>ofit <span class=\"_ _7e\"> </span> <span class=\"_ _75\"> </span>116,875 <span class=\"_ _5c\"> </span>28,438 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _79\"> </span>145,314  Operating pr<span class=\"_ _0\"></span>ofit / (loss<span class=\"_ _0\"></span>) <span class=\"_ _7f\"> </span> <span class=\"_ _24\"> </span>87<span class=\"_ _4\"></span>,649 <span class=\"_ _80\"> </span>14,643 <span class=\"_ _5c\"> </span>(1,932) <span class=\"_ _81\"> </span>100,360  Finance income <span class=\"_ _82\"> </span> <span class=\"_ _28\"> </span>261 <span class=\"_ _83\"> </span>123 <span class=\"_ _71\"> </span>47 <span class=\"_ _34\"> </span><span class=\"ff1a\">431</span>  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _84\"> </span> <span class=\"_ _85\"> </span>(25,082) <span class=\"_ _78\"> </span>(11,7<span class=\"_ _4\"></span>53) <span class=\"_ _86\"> </span>(58) <span class=\"_ _87\"> </span><span class=\"ff1a\">(36,893) </span> Share of pr<span class=\"_ _0\"></span>ofit of equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees, net of tax <span class=\"_ _13\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _22\"> </span>4,<span class=\"_ _0\"></span>156 <span class=\"_ _45\"> </span>1,903 <span class=\"_ _4e\"> </span><span class=\"ff1a\">6,059</span>  Profit / (Loss<span class=\"_ _0\"></span>) befor<span class=\"_ _0\"></span>e tax <span class=\"_ _59\"> </span> <span class=\"_ _24\"> </span>62,827 <span class=\"_ _24\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>168 <span class=\"_ _89\"> </span>(39) <span class=\"_ _35\"> </span>69,957  Income tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _8a\"> </span> <span class=\"_ _5e\"> </span>(13,<span class=\"_ _0\"></span>199) <span class=\"_ _5e\"> </span>3,663 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _8b\"> </span><span class=\"ff1a\">(9,536) </span> Profit/(Loss<span class=\"_ _0\"></span>) for the y<span class=\"_ _4\"></span>ear <span class=\"_ _59\"> </span> <span class=\"_ _61\"> </span>49<span class=\"_ _0\"></span>,628 <span class=\"_ _8c\"> </span>10,831 <span class=\"_ _89\"> </span>(39) <span class=\"_ _8d\"> </span>60,420  Depreciation and amortization <span class=\"_ _56\"> </span> <span class=\"_ _91\"> </span>(18,06<span class=\"_ _0\"></span>1) <span class=\"_ _80\"> </span>(9,<span class=\"_ _0\"></span>136) <span class=\"_ _92\"> </span>(14) <span class=\"_ _93\"> </span><span class=\"ff1a\">(27<span class=\"_ _1\"></span>,211) </span> Segment assets <span class=\"_ _82\"> </span> <span class=\"_ _80\"> </span>1,0<span class=\"_ _0\"></span>33,712 <span class=\"_ _5d\"> </span>633,7<span class=\"_ _0\"></span>66 <span class=\"_ _8c\"> </span>31,267 <span class=\"_ _53\"> </span><span class=\"ff1a\">1,698,7<span class=\"_ _1\"></span>45<span class=\"ff19\"> </span></span> Non-current assets e<span class=\"_ _4\"></span>xcl. deferr<span class=\"_ _0\"></span>ed tax and financial instruments <span class=\"_ _57\"> </span> <span class=\"_ _94\"> </span>37<span class=\"_ _1\"></span>4,845 <span class=\"_ _29\"> </span>206,062 <span class=\"_ _85\"> </span>23,532 <span class=\"_ _87\"> </span><span class=\"ff1a\">604,439</span>  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _95\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _80\"> </span>17<span class=\"_ _1\"></span>,468 <span class=\"_ _5c\"> </span>23,490 <span class=\"_ _78\"> </span><span class=\"ff1a ls85 ws6d\">40<span class=\"_ _0\"></span>,959<span class=\"ff19 ls5 ws1\"> </span></span> Segment liabilities <span class=\"_ _77\"> </span> <span class=\"_ _91\"> </span>86<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,224 <span class=\"_ _29\"> </span>489,442 <span class=\"_ _92\"> </span>448 <span class=\"_ _5f\"> </span><span class=\"ff1a\">1,35<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,114<span class=\"ff19\"> </span></span> Capital expenditur<span class=\"_ _0\"></span>e <span class=\"_ _7f\"> </span>17<span class=\"_ _1\"></span>/19 <span class=\"_ _86\"> </span>71,2<span class=\"_ _0\"></span>45 <span class=\"_ _45\"> </span>7<span class=\"_ _4\"></span>,762 <span class=\"_ _7a\"> </span>1 <span class=\"_ _78\"> </span><span class=\"ff1a\">79,<span class=\"_ _0\"></span>009<span class=\"ff19\"> </span></span>2021 <span class=\"_ _97\"> </span>Reportable segments <span class=\"_ _4d\"> </span> <span class=\"_ _71\"> </span>  <span class=\"_ _72\"> </span> <span class=\"_ _63\"> </span>  Amounts in EUR thousand <span class=\"_ _73\"> </span>Note <span class=\"_ _74\"> </span>Cables <span class=\"_ _b\"> </span>Steel Pipes Other<span class=\"_ _8\"></span> activities T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Segment re<span class=\"_ _0\"></span>venue  <span class=\"_ _77\"> </span> <span class=\"_ _78\"> </span>1,354,<span class=\"_ _0\"></span>164 <span class=\"_ _98\"> </span>242,941 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _23\"> </span>1,597<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>104  Inter-segment r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue <span class=\"_ _7b\"> </span> <span class=\"_ _93\"> </span>(529,873) <span class=\"_ _79\"> </span>(13,028) <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2b\"> </span><span class=\"ff1a\">(542,901) </span> External re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue <span class=\"_ _7d\"> </span><span class=\"ff19\">7</span> <span class=\"_ _94\"> </span>824,291 <span class=\"_ _7c\"> </span>229,913 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _50\"> </span>1,054,203  Gross pr<span class=\"_ _0\"></span>ofit <span class=\"_ _7e\"> </span> <span class=\"_ _63\"> </span>92,521 <span class=\"_ _94\"> </span>16,<span class=\"_ _0\"></span>152 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5f\"> </span>108,67<span class=\"_ _0\"></span>3  Operating pr<span class=\"_ _0\"></span>ofit / (loss<span class=\"_ _0\"></span>) <span class=\"_ _7f\"> </span> <span class=\"_ _61\"> </span>66,425 <span class=\"_ _35\"> </span>(6,881) <span class=\"_ _80\"> </span>(1,901) <span class=\"_ _99\"> </span>57<span class=\"_ _1\"></span>,642<span class=\"ff19\"> </span> Finance income <span class=\"_ _82\"> </span> <span class=\"_ _3b\"> </span>20<span class=\"_ _0\"></span>1 <span class=\"_ _9a\"> </span>27 <span class=\"_ _71\"> </span>36 <span class=\"_ _86\"> </span><span class=\"ff1a\">264</span>  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _84\"> </span> <span class=\"_ _4e\"> </span>(21,7<span class=\"_ _1\"></span>40) <span class=\"_ _35\"> </span>(7<span class=\"_ _4\"></span>,505) <span class=\"_ _33\"> </span>(4) <span class=\"_ _9b\"> </span><span class=\"ff1a\">(29,249) </span> Share of pr<span class=\"_ _0\"></span>ofit of equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees, net of tax <span class=\"_ _13\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _9c\"> </span>419 <span class=\"_ _9d\"> </span>1,436 <span class=\"_ _75\"> </span><span class=\"ff1a\">1,855</span>  Profit / (Loss<span class=\"_ _0\"></span>) befor<span class=\"_ _0\"></span>e tax <span class=\"_ _59\"> </span> <span class=\"_ _9d\"> </span>44,886 <span class=\"_ _5f\"> </span>(13,940) <span class=\"_ _22\"> </span>(433) <span class=\"_ _80\"> </span>30,513  Income tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _8a\"> </span> <span class=\"_ _9d\"> </span>(7<span class=\"_ _4\"></span>,67<span class=\"_ _0\"></span>0) <span class=\"_ _5e\"> </span>(764) <span class=\"_ _7a\"> </span>- <span class=\"_ _7c\"> </span><span class=\"ff1a\">(8,434) </span> Profit/(Loss<span class=\"_ _0\"></span>) for the y<span class=\"_ _4\"></span>ear <span class=\"_ _59\"> </span> <span class=\"_ _89\"> </span>37<span class=\"_ _1\"></span>,216 <span class=\"_ _81\"> </span>(14,<span class=\"_ _0\"></span>704) <span class=\"_ _91\"> </span>(433) <span class=\"_ _5c\"> </span>22,<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>9  Depreciation and amortization <span class=\"_ _56\"> </span> <span class=\"_ _9e\"> </span>(16,849) <span class=\"_ _9f\"> </span>(8,850) <span class=\"_ _33\"> </span>(6) <span class=\"_ _87\"> </span><span class=\"ff1a\">(25,705) </span> Segment assets <span class=\"_ _82\"> </span> <span class=\"_ _4e\"> </span>778,654 <span class=\"_ _9f\"> </span>397<span class=\"_ _1\"></span>,801 <span class=\"_ _99\"> </span>29,4<span class=\"_ _0\"></span>96 <span class=\"_ _2d\"> </span><span class=\"ff1a\">1,205,950</span>  Non-current assets e<span class=\"_ _4\"></span>xcl. deferr<span class=\"_ _0\"></span>ed tax and financial instruments <span class=\"_ _57\"> </span> <span class=\"_ _94\"> </span>323,632 <span class=\"_ _35\"> </span>204,<span class=\"_ _0\"></span>121 <span class=\"_ _80\"> </span>22,<span class=\"_ _0\"></span>023 <span class=\"_ _29\"> </span><span class=\"ff1a ls1b ws79\">549,7<span class=\"_ _8\"></span>76</span>  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _95\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _35\"> </span>14,429 <span class=\"_ _5c\"> </span>22,002 <span class=\"_ _80\"> </span><span class=\"ff1a\">36,431</span>  Segment liabilities <span class=\"_ _77\"> </span> <span class=\"_ _a0\"> </span>661,33<span class=\"_ _0\"></span>7 <span class=\"_ _8b\"> </span>266,445 <span class=\"_ _4a\"> </span>627 <span class=\"_ _76\"> </span><span class=\"ff1a\">928,409</span>  Capital expenditur<span class=\"_ _0\"></span>e <span class=\"_ _7f\"> </span>17<span class=\"_ _1\"></span>/19 <span class=\"_ _24\"> </span>34,988 <span class=\"_ _22\"> </span>9,549 <span class=\"_ _a1\"> </span> - <span class=\"_ _a2\"> </span><span class=\"ff1a\">44,538</span>C. Geographic inf<span class=\"_ _0\"></span>ormation Cener<span class=\"_ _0\"></span>gy Holdings\u2019 segments are managed on a w<span class=\"_ _4\"></span>orldwide basis, but operate manuf<span class=\"_ _0\"></span>acturing facilities and sales offices primarily in Gr<span class=\"_ _0\"></span>eece<span class=\"_ _0\"></span>, Romania, Bulgaria and the USA. The segmental inf<span class=\"_ _0\"></span>ormation below is based on the segment r<span class=\"_ _4\"></span>evenue fr<span class=\"_ _4\"></span>om external cust<span class=\"_ _0\"></span>omers b<span class=\"_ _0\"></span>y country of domicile of customers and segment as<span class=\"_ _0\"></span>sets wer<span class=\"_ _4\"></span>e based on the geographic location of the assets.  Amounts in EUR thousand <span class=\"_ _a3\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span> Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue <span class=\"_ _a4\"> </span>2022 2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _a5\"> </span>22,690 <span class=\"_ _a6\"> </span>12,846  Greec<span class=\"_ _0\"></span>e <span class=\"_ _a7\"> </span>435,57<span class=\"_ _0\"></span>8 <span class=\"_ _a8\"> </span>353,658  Germany <span class=\"_ _a9\"> </span>150,559 <span class=\"_ _aa\"> </span>149,328  Romania <span class=\"_ _ab\"> </span>50,558 <span class=\"_ _a6\"> </span>43,819  United Kingdom <span class=\"_ _ac\"> </span>139,906 <span class=\"_ _ad\"> </span>77<span class=\"_ _4\"></span>,803  Other European Union c<span class=\"_ _0\"></span>ountries <span class=\"_ _ae\"> </span>202,7<span class=\"_ _0\"></span>81 <span class=\"_ _af\"> </span>219,<span class=\"_ _4\"></span>192  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _b0\"> </span>37<span class=\"_ _1\"></span>,592 <span class=\"_ _b1\"> </span>43,922  Asia <span class=\"_ _b2\"> </span>109,84<span class=\"_ _0\"></span>7 <span class=\"_ _b3\"> </span>124,68<span class=\"_ _0\"></span>7  Americas <span class=\"_ _b4\"> </span>262,810 <span class=\"_ _b5\"> </span>25,4<span class=\"_ _0\"></span>75  Africa <span class=\"_ _b6\"> </span>7<span class=\"_ _4\"></span>,998 <span class=\"_ _b7\"> </span>3,4<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>4  <span class=\"_\"> </span>Oceania <span class=\"_ _b8\"> </span>5,690 <span class=\"_ _b9\"> </span>-   T<span class=\"_ _1\"></span>otal <span class=\"_ _a7\"> </span>1,426,<span class=\"_ _0\"></span>008 <span class=\"_ _5b\"> </span>1,054,203 The geogr<span class=\"_ _0\"></span>aphic information belo<span class=\"_ _4\"></span>w analyses the consolidated non-curr<span class=\"_ _4\"></span>ent assets by the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s country of domicile and other countries. In pr<span class=\"_ _0\"></span>esenting the geogr<span class=\"_ _0\"></span>aphic information, segment assets w<span class=\"_ _4\"></span>ere based on the geographic location of the as<span class=\"_ _0\"></span>sets.  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Property<span class=\"_ _1\"></span>, Plant &amp; Equipment <span class=\"_ _bb\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>- <span class=\"_ _be\"> </span>-  Greec<span class=\"_ _0\"></span>e <span class=\"_ _bf\"> </span>492,228 <span class=\"_ _c0\"> </span>450,631  Other <span class=\"_ _c1\"> </span>33,928 <span class=\"_ _ad\"> </span>25,827  T<span class=\"_ _1\"></span>otal <span class=\"_ _c2\"> </span>526,<span class=\"_ _4\"></span>156 <span class=\"_ _c3\"> </span>47<span class=\"_ _0\"></span>6,458  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Right of use assets <span class=\"_ _c4\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _c5\"> </span>15 <span class=\"_ _c6\"> </span>21  Greec<span class=\"_ _0\"></span>e <span class=\"_ _c1\"> </span>2,347 <span class=\"_ _c7\"> </span>2,0<span class=\"_ _4\"></span>78  Other <span class=\"_ _c8\"> </span>1,402 <span class=\"_ _c9\"> </span>1,37<span class=\"_ _0\"></span>0  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _cb\"> </span>3,469  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Intangible assets  <span class=\"_ _cc\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _2\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _97\"> </span>30,367 <span class=\"_ _ad\"> </span>29,7<span class=\"_ _4\"></span>42  Other <span class=\"_ _c8\"> </span>1,590 <span class=\"_ _ce\"> </span>1,512  T<span class=\"_ _1\"></span>otal <span class=\"_ _b6\"> </span>31,957 <span class=\"_ _b5\"> </span>31,254  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>estment property <span class=\"_ _cf\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>-  <span class=\"_ _cd\"> </span>-  Greec<span class=\"_ _0\"></span>e <span class=\"_ _c5\"> </span>155 <span class=\"_ _d0\"> </span>764  Other <span class=\"_ _d1\"> </span>-  <span class=\"_ _cd\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _d2\"> </span>155 <span class=\"_ _d0\"> </span>764  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Additions in Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant &amp; Equipment, Intangible assets &amp; Right of use assets <span class=\"_ _d3\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>-  <span class=\"_ _cd\"> </span>-  Greec<span class=\"_ _0\"></span>e <span class=\"_ _d4\"> </span>68,785 <span class=\"_ _b5\"> </span>42,510  Other <span class=\"_ _d5\"> </span>11,820 <span class=\"_ _b7\"> </span>2,93<span class=\"_ _0\"></span>7  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>80,605 <span class=\"_ _d7\"> </span>45,446 7<span class=\"_ _1\"></span>. Re<span class=\"_ _4\"></span>venue A. Significant accounting polic<span class=\"_ _0\"></span>y Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecognises r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. For the detailed accounting polic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, see Note 5.3.<span class=\"_ _8\"></span> B. Nature of goods and servic<span class=\"_ _0\"></span>es Steel pipes projects  Corinth Pipe<span class=\"_ _0\"></span>works pr<span class=\"_ _4\"></span>oduces and sells customized pr<span class=\"_ _4\"></span>oducts to customers mainly for onshor<span class=\"_ _4\"></span>e and offshore pipelines for oil, gas and hy<span class=\"_ _4\"></span>drogen transportation, as w<span class=\"_ _4\"></span>ell as CCS (carbon captur<span class=\"_ _0\"></span>e and st<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>age) applica<span class=\"_ _0\"></span>tions and casing pipes. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Hollow s<span class=\"_ _0\"></span>tructural sections These st<span class=\"_ _0\"></span>eel pr<span class=\"_ _0\"></span>oducts are primarily used in the c<span class=\"_ _0\"></span>onstruction sect<span class=\"_ _0\"></span>or and they ar<span class=\"_ _4\"></span>e used as structural components in metal constructions. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  Cables projects Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries in the cables segment produc<span class=\"_ _0\"></span>es and sells \u201cturnke<span class=\"_ _0\"></span>y\u201d cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems, i.e<span class=\"_ _0\"></span>. supplies and installs complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. In addition, customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts are pr<span class=\"_ _4\"></span>oduced for grid connections, offshor<span class=\"_ _0\"></span>e/onshore wind f<span class=\"_ _0\"></span>arms and other ener<span class=\"_ _0\"></span>gy projects. Under the t<span class=\"_ _0\"></span>erms of the contr<span class=\"_ _0\"></span>acts and due to the high degr<span class=\"_ _4\"></span>ee<span class=\"_ _8\"></span> of customization, these pr<span class=\"_ _4\"></span>oducts have no alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, sinc<span class=\"_ _0\"></span>e they ar<span class=\"_ _4\"></span>e produced acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ding to cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment f<span class=\"_ _0\"></span>or performance c<span class=\"_ _0\"></span>ompleted t<span class=\"_ _0\"></span>o date if the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act is terminat<span class=\"_ _0\"></span>ed by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from such projects is r<span class=\"_ _4\"></span>ecognised ov<span class=\"_ _0\"></span>er time. T<span class=\"_ _0\"></span>he typical length of a c<span class=\"_ _0\"></span>ontract f<span class=\"_ _0\"></span>or turnk<span class=\"_ _0\"></span>ey pr<span class=\"_ _4\"></span>ojects<span class=\"_ _8\"></span> ex<span class=\"_ _4\"></span>ceeds 12 months. For turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y projects, the Gr<span class=\"_ _4\"></span>oup accounts for individual pr<span class=\"_ _0\"></span>oducts and services separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely if they are dis<span class=\"_ _0\"></span>tinct \u2013 i.e<span class=\"_ _0\"></span>. if a product or servic<span class=\"_ _0\"></span>e is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _0\"></span>om other items in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts and if a customer can benefit from it. Po<span class=\"_ _0\"></span>wer &amp; telec<span class=\"_ _0\"></span>om cables The k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y products in this ca<span class=\"_ _0\"></span>tegory ar<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>wer cables and o<span class=\"_ _4\"></span>verhead conduct<span class=\"_ _0\"></span>ors for electric po<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>er distribution networks f<span class=\"_ _0\"></span>or electric po<span class=\"_ _0\"></span>wer oper<span class=\"_ _4\"></span>ators, utilities, industrial applications, r<span class=\"_ _0\"></span>enew<span class=\"_ _0\"></span>able ener<span class=\"_ _0\"></span>gy applications, r<span class=\"_ _0\"></span>ailwa<span class=\"_ _0\"></span>y transportation net<span class=\"_ _0\"></span>works and buildings. T<span class=\"_ _0\"></span>he cat<span class=\"_ _0\"></span>egory also includes telec<span class=\"_ _0\"></span>ommunication, data tr<span class=\"_ _0\"></span>ansmission cables, optical fibre cables and signalling cables. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed. C. Disaggregation of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue<span class=\"_ _8\"></span>  In the follo<span class=\"_ _0\"></span>wing table re<span class=\"_ _4\"></span>venue is disaggrega<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y primary geogr<span class=\"_ _0\"></span>aphical market, major pr<span class=\"_ _4\"></span>oducts and service lines<span class=\"_ _8\"></span> and timing of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognition. The table includes a r<span class=\"_ _0\"></span>econcilia<span class=\"_ _0\"></span>tion with the Group\u2019<span class=\"_ _4\"></span>s reportable segments (see Note 6): Primary geographical mark<span class=\"_ _4\"></span>ets<span class=\"_ _d\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _59\"> </span>38,620 <span class=\"_ _4e\"> </span>21,570 <span class=\"_ _a2\"> </span>396,958 <span class=\"_ _dc\"> </span>332,088 <span class=\"_ _98\"> </span>435,578 <span class=\"_ _dc\"> </span>353,658  Other European Union c<span class=\"_ _0\"></span>ountries <span class=\"_ _b1\"> </span>128,09<span class=\"_ _4\"></span>7 <span class=\"_ _80\"> </span>134,36<span class=\"_ _0\"></span>1 <span class=\"_ _80\"> </span>298,491 <span class=\"_ _52\"> </span>290,82<span class=\"_ _0\"></span>4 <span class=\"_ _5d\"> </span>426,587 <span class=\"_ _29\"> </span>425,<span class=\"_ _0\"></span>185  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _dd\"> </span>28,644 <span class=\"_ _9e\"> </span>16,360 <span class=\"_ _80\"> </span>148,854 <span class=\"_ _76\"> </span>105,366 <span class=\"_ _78\"> </span>177<span class=\"_ _0\"></span>,498 <span class=\"_ _7c\"> </span>121,7<span class=\"_ _0\"></span>25  America <span class=\"_ _de\"> </span>253,255 <span class=\"_ _94\"> </span>16,<span class=\"_ _0\"></span>792 <span class=\"_ _3c\"> </span>9,555 <span class=\"_ _64\"> </span>8,683 <span class=\"_ _93\"> </span>262,810 <span class=\"_ _9f\"> </span>25,4<span class=\"_ _0\"></span>75  Rest of the w<span class=\"_ _0\"></span>orld <span class=\"_ _df\"> </span>13,004 <span class=\"_ _5c\"> </span>40,830 <span class=\"_ _91\"> </span>110,531 <span class=\"_ _8d\"> </span>87<span class=\"_ _1\"></span>,330 <span class=\"_ _a2\"> </span>123,535 <span class=\"_ _79\"> </span>128,160   <span class=\"_ _e0\"> </span>461,620 <span class=\"_ _8d\"> </span>229,913 <span class=\"_ _78\"> </span>964,388 <span class=\"_ _87\"> </span>824,291 <span class=\"_ _23\"> </span>1,426,008 <span class=\"_ _4d\"> </span>1,054,203Major products and service lines<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Steel pipes pr<span class=\"_ _0\"></span>ojects <span class=\"_ _e1\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _81\"> </span>375,87<span class=\"_ _0\"></span>0 <span class=\"_ _5f\"> </span>142,234  Hollow structur<span class=\"_ _4\"></span>al sections <span class=\"_ _e3\"> </span>57<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _94\"> </span>61,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>77 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _64\"> </span>5<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _35\"> </span>61,4<span class=\"_ _4\"></span>77  Cables projects <span class=\"_ _95\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _78\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _4\"></span>79  Pow<span class=\"_ _0\"></span>er &amp; telec<span class=\"_ _0\"></span>om cables <span class=\"_ _e5\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825 <span class=\"_ _a2\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825  Other (wires, r<span class=\"_ _0\"></span>aw ma<span class=\"_ _0\"></span>terials, mer<span class=\"_ _0\"></span>chandize etc.) <span class=\"_ _4e\"> </span>28,6<span class=\"_ _0\"></span>14 <span class=\"_ _85\"> </span>26,202 <span class=\"_ _64\"> </span>10<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>,687 <span class=\"_ _29\"> </span>10<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,886 <span class=\"_ _35\"> </span>136,301 <span class=\"_ _5f\"> </span>134,088  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_\"> </span>824,291 <span class=\"_ _38\"> </span>1,426,008 1,054,203 Timing of re<span class=\"_ _4\"></span>venue recognition<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _94\"> </span>2021 <span class=\"_ _74\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed at a point in time <span class=\"_ _e7\"> </span>85,7<span class=\"_ _0\"></span>50 <span class=\"_ _9e\"> </span>87<span class=\"_ _1\"></span>,679 <span class=\"_ _a2\"> </span>675,206 <span class=\"_ _87\"> </span>550,712 <span class=\"_ _98\"> </span>760,956 <span class=\"_ _81\"> </span>6<span class=\"_ _0\"></span>38,391  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time <span class=\"_ _e8\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e9\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _9b\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _98\"> </span>665,052 <span class=\"_ _98\"> </span>415,813  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_ _2b\"> </span>824,291 <span class=\"_ _7\"> </span>1,426,<span class=\"_ _0\"></span>008 1,054,203 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue increased b<span class=\"_ _4\"></span>y 35% y-o-y to EUR 1,426 million. All cables plants oper<span class=\"_ _4\"></span>ated at close to full pr<span class=\"_ _0\"></span>oduction capacity throughout the y<span class=\"_ _4\"></span>ear pushing the segment<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s re<span class=\"_ _4\"></span>venue 17% higher (+6% in cables projects and +28% in po<span class=\"_ _4\"></span>wer and telecom pr<span class=\"_ _4\"></span>oducts), while steel pipes suc<span class=\"_ _0\"></span>ceeded t<span class=\"_ _0\"></span>o more than double their r<span class=\"_ _4\"></span>evenue c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021. In s<span class=\"_ _0\"></span>teel pipes segment, appro<span class=\"_ _4\"></span>ximately two thir<span class=\"_ _4\"></span>ds of the rev<span class=\"_ _4\"></span>enue change is due to an increase in sales v<span class=\"_ _0\"></span>olume, while the r<span class=\"_ _0\"></span>emaining is due to the effect of the incr<span class=\"_ _4\"></span>ease in steel prices (a<span class=\"_ _0\"></span>ver<span class=\"_ _4\"></span>age price of steel in 2022 w<span class=\"_ _0\"></span>as 22% higher than in 2021). Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecognised in the future r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o performanc<span class=\"_ _0\"></span>e obligations that ar<span class=\"_ _0\"></span>e unsatisfied (<span class=\"_ _0\"></span>or partially unsatisfied) at the r<span class=\"_ _0\"></span>eporting date amounts t<span class=\"_ _0\"></span>o EUR 525.6 million. An amount of EUR 463.<span class=\"_ _0\"></span>4 million is expect<span class=\"_ _0\"></span>ed to be rec<span class=\"_ _0\"></span>ognised during 2023, while the r<span class=\"_ _0\"></span>emaing EUR 62.2 million is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be rec<span class=\"_ _0\"></span>ognised during the periods fr<span class=\"_ _0\"></span>om 202<span class=\"_ _0\"></span>4 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds based on the time schedules included in the open contr<span class=\"_ _0\"></span>acts on 31 December 20<span class=\"_ _0\"></span>22, which hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> original expect<span class=\"_ _0\"></span>ed dur<span class=\"_ _0\"></span>ations of mor<span class=\"_ _0\"></span>e than one year and r<span class=\"_ _4\"></span>evenue r<span class=\"_ _4\"></span>ecognition started during 2022 or prior periods. D<span class=\"_ _0\"></span>. Contr<span class=\"_ _0\"></span>act balances The f<span class=\"_ _0\"></span>ollowing table pr<span class=\"_ _4\"></span>ovides information about c<span class=\"_ _0\"></span>ontracts as<span class=\"_ _0\"></span>sets and contr<span class=\"_ _0\"></span>acts liabilities fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts with customers:  Amounts in EUR thousand <span class=\"_ _ea\"> </span>31 December 2022 <span class=\"_ _75\"> </span>31 December 2021<span class=\"_ _d\"></span>  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _eb\"> </span>195,481 <span class=\"_ _ec\"> </span>98,217  Contract liabilities <span class=\"_ _ed\"> </span>118,669 <span class=\"_ _b1\"> </span>35,898  Out of which: L<span class=\"_ _0\"></span>ong term C<span class=\"_ _0\"></span>ontract liabilities <span class=\"_ _ee\"> </span>9,<span class=\"_ _0\"></span>889 <span class=\"_ _c7\"> </span>9,889Significant changes in the contr<span class=\"_ _0\"></span>act assets and the c<span class=\"_ _0\"></span>ontract liabilities balanc<span class=\"_ _0\"></span>es during the period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _ef\"> </span>Contr<span class=\"_ _0\"></span>act assets <span class=\"_ _f0\"> </span>Contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _d\"></span>  <span class=\"_ _f1\"> </span>2022 2021 <span class=\"_ _2c\"> </span>2022 <span class=\"_ _5\"> </span>2021<span class=\"_ _d\"></span>  Opening balance <span class=\"_ _f2\"> </span>98,217 <span class=\"_ _57\"> </span>64,87<span class=\"_ _0\"></span>5 <span class=\"_ _f3\"> </span>35,898 <span class=\"_ _3c\"> </span>40,085  Rev<span class=\"_ _4\"></span>enue recognised that w<span class=\"_ _0\"></span>as included in the contr<span class=\"_ _0\"></span>act   liability balance at the beginning of the period <span class=\"_ _f4\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _24\"> </span>(24,223) <span class=\"_ _61\"> </span>(19,72<span class=\"_ _0\"></span>7)  Increases due t<span class=\"_ _0\"></span>o cash rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed, ex<span class=\"_ _4\"></span>cluding amounts   rec<span class=\"_ _0\"></span>ognised as re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue during the period <span class=\"_ _f5\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _db\"> </span>106,994 <span class=\"_ _f6\"> </span>15,542  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>ers from c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>ognised at the   beginning of the period to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f7\"> </span>(69,<span class=\"_ _4\"></span>171) <span class=\"_ _9e\"> </span>(57<span class=\"_ _1\"></span>,268) <span class=\"_ _f8\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Increases as a r<span class=\"_ _0\"></span>esult of changes in the measur<span class=\"_ _0\"></span>e of progr<span class=\"_ _0\"></span>ess <span class=\"_ _9a\"> </span>166,77<span class=\"_ _4\"></span>4 <span class=\"_ _61\"> </span>90,784 <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _fa\"> </span>(454) <span class=\"_ _88\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _fb\"> </span>(2)  Impairment loss <span class=\"_ _fc\"> </span>(12) <span class=\"_ _42\"> </span>(175) <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  Impairment loss re<span class=\"_ _4\"></span>versal <span class=\"_ _fd\"> </span>127 <span class=\"_ _88\"> </span>-  <span class=\"_ _fe\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Closing balance <span class=\"_ _ff\"> </span>195,481 <span class=\"_ _63\"> </span>98,217 <span class=\"_ _44\"> </span>118,669 <span class=\"_ _86\"> </span>35,898 Contr<span class=\"_ _0\"></span>act assets incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>.3 million compared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. Such increase is at<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o both steel pipes segment (EUR 38.8 million) due t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>owth in pr<span class=\"_ _4\"></span>oject-related activities and cables segment (EUR 58.5 million increase<span class=\"_ _4\"></span>) due to the timing of inv<span class=\"_ _0\"></span>oicing of specific ongoing pr<span class=\"_ _0\"></span>ojects for which the pr<span class=\"_ _0\"></span>oduction started during the second half of the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Contr<span class=\"_ _0\"></span>act liabilities primarily rela<span class=\"_ _0\"></span>te to the adv<span class=\"_ _4\"></span>ance considera<span class=\"_ _0\"></span>tion rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om customers f<span class=\"_ _0\"></span>or cons<span class=\"_ _0\"></span>truction of customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts or energy pr<span class=\"_ _4\"></span>ojects for which re<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Contr<span class=\"_ _0\"></span>act liabilities which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be settled within mor<span class=\"_ _4\"></span>e than one year are clas<span class=\"_ _0\"></span>sified as non-curr<span class=\"_ _0\"></span>ent liabilities (EUR 9,889 thousand on 31 December 2021). C<span class=\"_ _0\"></span>ontract liabilities incr<span class=\"_ _4\"></span>eased by EUR 82.8 million compar<span class=\"_ _0\"></span>ed to 31 Dec<span class=\"_ _0\"></span>ember 2021 mainly due to the downpa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed close to year\u2019s end for the e<span class=\"_ _4\"></span>xecution of steel pipes ener<span class=\"_ _4\"></span>gy projects.  E. Contr<span class=\"_ _0\"></span>act costs Management expects tha<span class=\"_ _0\"></span>t fees, commis<span class=\"_ _0\"></span>sions &amp; other costs as<span class=\"_ _0\"></span>sociated with obtaining c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects are r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able. Cener<span class=\"_ _4\"></span>gy Holdings recor<span class=\"_ _0\"></span>ded costs incurr<span class=\"_ _4\"></span>ed to obtain a contract of EUR 236 thousand as C<span class=\"_ _0\"></span>ontract costs on 31 Dec<span class=\"_ _0\"></span>ember 2022 (31 Dec<span class=\"_ _0\"></span>ember 2021: EUR 389 thousand). In addition, costs t<span class=\"_ _0\"></span>o fulfill a contr<span class=\"_ _0\"></span>act ar<span class=\"_ _0\"></span>e capitalised, if the<span class=\"_ _0\"></span>y are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act and ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable<span class=\"_ _0\"></span>. Such contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts may include mat<span class=\"_ _0\"></span>erials used for t<span class=\"_ _0\"></span>ests nec<span class=\"_ _0\"></span>essary for the pr<span class=\"_ _4\"></span>oduction, labor costs, insuranc<span class=\"_ _0\"></span>e fees and other c<span class=\"_ _0\"></span>osts neces<span class=\"_ _0\"></span>sary to fulfil perf<span class=\"_ _0\"></span>ormance obligations under a c<span class=\"_ _0\"></span>ontract onc<span class=\"_ _0\"></span>e it is obtained, but befor<span class=\"_ _0\"></span>e transf<span class=\"_ _0\"></span>erring the contr<span class=\"_ _4\"></span>ol of goods or rendering services to the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Costs incurred t<span class=\"_ _0\"></span>o fulfil a contr<span class=\"_ _0\"></span>act on 31 December 2022 and 20<span class=\"_ _0\"></span>21 was z<span class=\"_ _0\"></span>ero<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> Ther<span class=\"_ _0\"></span>efor<span class=\"_ _4\"></span>e, on 31 December 2022 Cener<span class=\"_ _0\"></span>gy Holdings has r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded as contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts an amount of EUR 236 thousand, out of which an amount of EUR 222 thousand is classified as non-curr<span class=\"_ _0\"></span>ent assets. Contr<span class=\"_ _0\"></span>act costs of obtaining or fulfilling a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act are e<span class=\"_ _4\"></span>xpensed to cost of sales when the r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>evenue is rec<span class=\"_ _0\"></span>ognised. In 2022, ther<span class=\"_ _0\"></span>e was no impairment los<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>elation to c<span class=\"_ _0\"></span>ontract c<span class=\"_ _0\"></span>osts. F<span class=\"_ _1\"></span>. Significant judgments in rev<span class=\"_ _4\"></span>enue recognition In rec<span class=\"_ _0\"></span>ognizing r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue the Group makes judgements r<span class=\"_ _4\"></span>egarding the timing of satisfaction of performanc<span class=\"_ _0\"></span>e obligations, the identification of distinct perf<span class=\"_ _0\"></span>ormance obligations, as w<span class=\"_ _0\"></span>ell as the tr<span class=\"_ _0\"></span>ansaction price and the amounts allocated t<span class=\"_ _0\"></span>o performance obliga<span class=\"_ _0\"></span>tions. The mos<span class=\"_ _0\"></span>t significant of these estimates ar<span class=\"_ _4\"></span>e described below: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>ontracts including multiple perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions are mainly identified in cables segment f<span class=\"_ _0\"></span>or turnke<span class=\"_ _4\"></span>y<span class=\"_ _8\"></span> projects and f<span class=\"_ _0\"></span>or customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts in both segments, as described in Note 7<span class=\"_ _1\"></span>.B and Note 5.3. In such cases the total tr<span class=\"_ _0\"></span>ansaction price is allocat<span class=\"_ _0\"></span>ed to these perf<span class=\"_ _0\"></span>ormance obligations on the basis of the r<span class=\"_ _4\"></span>elative standalone selling prices of the pr<span class=\"_ _0\"></span>omised goods or services. If these goods and servic<span class=\"_ _0\"></span>es are not sold separ<span class=\"_ _4\"></span>ately<span class=\"_ _4\"></span>, a cost plus margin appr<span class=\"_ _4\"></span>oach is used to estimate the standalone selling pric<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue deriving from the production of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts for ener<span class=\"_ _0\"></span>gy projects is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ertime. In such projects, c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed by C<span class=\"_ _0\"></span>energy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>escribe the pr<span class=\"_ _0\"></span>omises of both: \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>oducing customized pr<span class=\"_ _0\"></span>oducts based on customers\u2019 specifica<span class=\"_ _0\"></span>tions; and \u2022 <span class=\"_ _23\"> </span>tr<span class=\"_ _4\"></span>ansporting them to the customer\u2019s site<span class=\"_ _0\"></span>.  <span class=\"_ _52\"> </span>In such cases, transportation is consider<span class=\"_ _0\"></span>ed as a separ<span class=\"_ _0\"></span>ate perf<span class=\"_ _0\"></span>ormance obligation, sinc<span class=\"_ _0\"></span>e both criteria pr<span class=\"_ _0\"></span>escribed in IFRS 15.27 ar<span class=\"_ _0\"></span>e met, since the cus<span class=\"_ _0\"></span>tomer benefits fr<span class=\"_ _0\"></span>om the offer<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansportation service and the pr<span class=\"_ _4\"></span>omise<span class=\"_ _8\"></span> to tr<span class=\"_ _0\"></span>ansport the goods to the cus<span class=\"_ _0\"></span>tomer is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _4\"></span>om the production of these customiz<span class=\"_ _0\"></span>ed products.  <span class=\"_ _52\"> </span>Rev<span class=\"_ _0\"></span>enue for or<span class=\"_ _0\"></span>ders of standar<span class=\"_ _0\"></span>dized pr<span class=\"_ _4\"></span>oducts (i.e. hollow s<span class=\"_ _0\"></span>tructur<span class=\"_ _0\"></span>al sections, wires and non-cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pow<span class=\"_ _4\"></span>er<span class=\"_ _8\"></span> &amp; telecom cables<span class=\"_ _4\"></span>) is recognized at a specific point in time and tr<span class=\"_ _4\"></span>ansportation is not considered a separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e performance obliga<span class=\"_ _0\"></span>tion, since the second crit<span class=\"_ _0\"></span>erion of IFRS 15.27 is not met. \u2022 <span class=\"_ _23\"> </span>Some c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts with customers in<span class=\"_ _4\"></span>volve a v<span class=\"_ _4\"></span>ariable transaction cost as the<span class=\"_ _0\"></span>y include a v<span class=\"_ _0\"></span>olume or tr<span class=\"_ _0\"></span>ade discount based on the total sales to the cus<span class=\"_ _0\"></span>tomer within a time period. In such case r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised based on the anticipated sales t<span class=\"_ _0\"></span>o the customer thr<span class=\"_ _4\"></span>oughout the year<span class=\"_ _4\"></span>, as these sales are r<span class=\"_ _0\"></span>ealized and ne<span class=\"_ _4\"></span>w orders are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> and up to an e<span class=\"_ _0\"></span>xtent it is highly pr<span class=\"_ _4\"></span>obable that a significant rev<span class=\"_ _4\"></span>ersal of cumulative r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue recognised will not be needed. 8. Income and e<span class=\"_ _4\"></span>xpenses<span class=\"_ _8\"></span> A. Other income  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Gov<span class=\"_ _4\"></span>ernment grants / subsidies <span class=\"_ _56\"> </span> <span class=\"_ _104\"> </span>133 <span class=\"_ _105\"> </span>4<span class=\"_ _0\"></span>77  Rental income <span class=\"_ _106\"> </span> <span class=\"_ _103\"> </span>667 <span class=\"_ _105\"> </span>529  Income fr<span class=\"_ _0\"></span>om fees, commis<span class=\"_ _0\"></span>sions &amp; costs r<span class=\"_ _0\"></span>echar<span class=\"_ _0\"></span>ged <span class=\"_ _c7\"> </span> <span class=\"_ _102\"> </span>3,5<span class=\"_ _4\"></span>75 <span class=\"_ _107\"> </span>4,406  Indemnities and income fr<span class=\"_ _0\"></span>om claims <span class=\"_ _e5\"> </span> <span class=\"_ _c6\"> </span>24 <span class=\"_ _108\"> </span>168  Indemnity from insur<span class=\"_ _4\"></span>ance company for damage   compensation r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>act with customer <span class=\"_ _d0\"> </span> <span class=\"_ _109\"> </span>280 <span class=\"_ _10a\"> </span>-  Gain from disposal of pr<span class=\"_ _0\"></span>operty<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _104\"> </span>34<span class=\"_ _0\"></span>1 <span class=\"_ _10c\"> </span>8  Amortization of grants <span class=\"_ _10d\"> </span>28 <span class=\"_ _10e\"> </span>1,<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>4 <span class=\"_ _c6\"> </span>728  Other <span class=\"_ _10f\"> </span> <span class=\"_ _103\"> </span>586 <span class=\"_ _105\"> </span>82<span class=\"_ _0\"></span>4  Other Income <span class=\"_ _110\"> </span> <span class=\"_ _111\"> </span>6,780 <span class=\"_ _112\"> </span>7<span class=\"_ _1\"></span>,14<span class=\"_ _0\"></span>1The line \u201cGo<span class=\"_ _4\"></span>vernment grants\u201d in 20<span class=\"_ _0\"></span>21 includes an amount of EUR 459 thousand r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o reliefs pr<span class=\"_ _4\"></span>ovided by local legislation as a result of measur<span class=\"_ _4\"></span>es taken due to the cor<span class=\"_ _4\"></span>onavirus pandemic.  B. Other expenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Loss fr<span class=\"_ _0\"></span>om write-offs of Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _113\"> </span>17 <span class=\"_ _114\"> </span>(53) <span class=\"_ _115\"> </span>(14)  Loss fr<span class=\"_ _0\"></span>om disposal of propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _116\"> </span>(1) <span class=\"_ _10a\"> </span>-  Expenses rechar<span class=\"_ _0\"></span>ged <span class=\"_ _117\"> </span> <span class=\"_ _b1\"> </span>(2,830) <span class=\"_ _118\"> </span>(4,044)  Indemnities and claims <span class=\"_ _ef\"> </span> <span class=\"_ _119\"> </span>- <span class=\"_ _11a\"> </span>(32)  Damage compensation to cus<span class=\"_ _0\"></span>tomer <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>(515) <span class=\"_ _10a\"> </span>-  Other penalties <span class=\"_ _11d\"> </span> <span class=\"_ _102\"> </span>(180) <span class=\"_ _109\"> </span>(319)  Pro<span class=\"_ _0\"></span>vision for antidumping duties <span class=\"_ _df\"> </span>29 <span class=\"_ _119\"> </span>-  <span class=\"_ _af\"> </span>(12,842)  Incremental c<span class=\"_ _0\"></span>orona<span class=\"_ _0\"></span>virus cos<span class=\"_ _0\"></span>ts <span class=\"_ _11e\"> </span> <span class=\"_ _ce\"> </span>(412) <span class=\"_ _11f\"> </span>(669)  Loss fr<span class=\"_ _0\"></span>om disposal of associat<span class=\"_ _0\"></span>e <span class=\"_ _120\"> </span>21 <span class=\"_ _ce\"> </span>(156) <span class=\"_ _10a\"> </span>-  Impairment on property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _121\"> </span>17 <span class=\"_ _118\"> </span>(1,222) <span class=\"_ _10a\"> </span>-  Other <span class=\"_ _10f\"> </span> <span class=\"_ _122\"> </span>(1,37<span class=\"_ _0\"></span>5) <span class=\"_ _109\"> </span>(613)  Other expenses <span class=\"_ _82\"> </span> <span class=\"_ _b1\"> </span>(6,7<span class=\"_ _1\"></span>45) <span class=\"_ _ad\"> </span>(18,534) In 2013, Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks manufactur<span class=\"_ _0\"></span>ed and supplied pipes for a pipeline in Fr<span class=\"_ _4\"></span>ance. During 2015, the Fr<span class=\"_ _0\"></span>ench client filed a quality claim against Corinth Pipe<span class=\"_ _4\"></span>works, its insurers and the subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in char<span class=\"_ _0\"></span>ge for the w<span class=\"_ _0\"></span>elding of the pipeline. The c<span class=\"_ _0\"></span>ommer<span class=\"_ _0\"></span>cial court of Paris r<span class=\"_ _4\"></span>endered its decision on 7 July 2022 and ruled that Corinth Pipe<span class=\"_ _4\"></span>works should be held liable for the lat<span class=\"_ _0\"></span>ent defects affecting the pipes it deliv<span class=\"_ _4\"></span>ered to its Fr<span class=\"_ _0\"></span>ench cust<span class=\"_ _0\"></span>omer but that the latt<span class=\"_ _0\"></span>er was also r<span class=\"_ _0\"></span>esponsible for its o<span class=\"_ _4\"></span>wn loss. Consequently<span class=\"_ _4\"></span>, given that 20<span class=\"_ _0\"></span>13 sales wer<span class=\"_ _4\"></span>e fully insured, Corinth Pipe<span class=\"_ _0\"></span>works rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded a liability of EUR 515 thousand during 2022 (included as distinct it<span class=\"_ _0\"></span>em in the line \u2018Damage compensation t<span class=\"_ _0\"></span>o customer\u2019) that corr<span class=\"_ _0\"></span>esponds to its maximum e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e for that specific claim, while an inc<span class=\"_ _0\"></span>ome of EUR 280 thousand (included in the line \u2018Other income\u2019) w<span class=\"_ _0\"></span>as rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an equal indemnity fr<span class=\"_ _0\"></span>om an insuranc<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y for the c<span class=\"_ _0\"></span>ertain case was r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed.During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>vementioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) and is included as distinct item in \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019 line for the year 20<span class=\"_ _0\"></span>21, as it r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o sales performed in pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ears. C. Expenses by natur<span class=\"_ _0\"></span>e  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) The incr<span class=\"_ _0\"></span>ease in \u201c\u03a4hir<span class=\"_ _0\"></span>d party fees and benefits\u201d is at<span class=\"_ _0\"></span>tributed mainly t<span class=\"_ _0\"></span>o project-r<span class=\"_ _4\"></span>elated services offer<span class=\"_ _0\"></span>ed during 2022 compar<span class=\"_ _4\"></span>ed to prior year b<span class=\"_ _0\"></span>y subcontr<span class=\"_ _0\"></span>actors. T<span class=\"_ _4\"></span>he increase is attributed t<span class=\"_ _0\"></span>o both segments as in 2022 st<span class=\"_ _0\"></span>eel pipes segment used subcontr<span class=\"_ _0\"></span>actors f<span class=\"_ _0\"></span>or coating servic<span class=\"_ _0\"></span>es in the cont<span class=\"_ _0\"></span>ext of as<span class=\"_ _0\"></span>signed pr<span class=\"_ _0\"></span>ojects, while the installation services in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of turnk<span class=\"_ _0\"></span>ey c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts ex<span class=\"_ _4\"></span>ecuted by subsidiaries in the cables segment during 2022 w<span class=\"_ _4\"></span>ere significantly higher compar<span class=\"_ _0\"></span>ed to 20<span class=\"_ _0\"></span>21. Specifically<span class=\"_ _4\"></span>, during 2022 the installation f<span class=\"_ _0\"></span>or the submarine inter<span class=\"_ _0\"></span>connection of Nax<span class=\"_ _0\"></span>os-Santorini, medium v<span class=\"_ _0\"></span>oltage inter<span class=\"_ _4\"></span>connections in sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al locations in Gr<span class=\"_ _0\"></span>eece and se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>eral onshor<span class=\"_ _4\"></span>e projects wer<span class=\"_ _4\"></span>e undertaken by subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in Cables segment. During 2021, installa<span class=\"_ _0\"></span>tion services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of cables projects as<span class=\"_ _0\"></span>signed to subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors w<span class=\"_ _0\"></span>ere mor<span class=\"_ _4\"></span>e limited in the onshore cables business, while only one major offshore ins<span class=\"_ _0\"></span>tallation took plac<span class=\"_ _0\"></span>e, i.<span class=\"_ _0\"></span>e. the final installation phase f<span class=\"_ _0\"></span>or the inter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onnection of the Cret<span class=\"_ _0\"></span>e \u2013 Peloponese inter<span class=\"_ _0\"></span>connection.The fluctuation in tr<span class=\"_ _4\"></span>ansportation costs relat<span class=\"_ _0\"></span>e to the geogr<span class=\"_ _4\"></span>aphical mix of sales and volume of deliv<span class=\"_ _0\"></span>eries in steel pipes segment that took plac<span class=\"_ _0\"></span>e in 2022 compar<span class=\"_ _4\"></span>ed to 2021. As mentioned in note 7<span class=\"_ _1\"></span>.F<span class=\"_ _4\"></span>, when certain criteria ar<span class=\"_ _0\"></span>e met, transportation is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as a separa<span class=\"_ _0\"></span>te performanc<span class=\"_ _0\"></span>e obligation and the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when such performance obliga<span class=\"_ _0\"></span>tions are fulfilled. Cener<span class=\"_ _0\"></span>gy Holdings significantly inv<span class=\"_ _4\"></span>ests in resear<span class=\"_ _0\"></span>ch and dev<span class=\"_ _4\"></span>elopment in order to continuously bring v<span class=\"_ _4\"></span>alue-added<span class=\"_ _8\"></span> products and servic<span class=\"_ _0\"></span>es to the mark<span class=\"_ _0\"></span>et and impr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e production pr<span class=\"_ _4\"></span>ocesses, as well as t<span class=\"_ _0\"></span>o promot<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>erials rec<span class=\"_ _0\"></span>ycling and the proper use of natur<span class=\"_ _4\"></span>al resourc<span class=\"_ _0\"></span>es. The aggr<span class=\"_ _4\"></span>egate amount of resear<span class=\"_ _0\"></span>ch and de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment expenditur<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as an e<span class=\"_ _0\"></span>xpense for 2022 amounts t<span class=\"_ _0\"></span>o EUR 5.5 million (2021: EUR 4.<span class=\"_ _0\"></span>0 million). 9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  10. Earnings per shar<span class=\"_ _0\"></span>e Considering that ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e neither share options, nor c<span class=\"_ _0\"></span>onv<span class=\"_ _4\"></span>ertible bonds, basic and diluted earnings per share ar<span class=\"_ _0\"></span>e identical and hav<span class=\"_ _4\"></span>e been based on the following pr<span class=\"_ _0\"></span>ofit attributable to or<span class=\"_ _4\"></span>dinary shareholders and weight<span class=\"_ _0\"></span>ed-av<span class=\"_ _4\"></span>erage numbers of ordinary shar<span class=\"_ _4\"></span>es outstanding.<span class=\"_ _8\"></span> A. Profit attributable t<span class=\"_ _0\"></span>o the owners of the C<span class=\"_ _0\"></span>ompany  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit at<span class=\"_ _0\"></span>tributable to the o<span class=\"_ _0\"></span>wners of the Company <span class=\"_ _140\"> </span>60,4<span class=\"_ _0\"></span>17 <span class=\"_ _ad\"> </span>22,0<span class=\"_ _4\"></span>77 B. W<span class=\"_ _4\"></span>eighted-av<span class=\"_ _4\"></span>erage number of ordinary shares outstanding The number of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es in issue for 20<span class=\"_ _0\"></span>22 and 2021 w<span class=\"_ _0\"></span>as 190,<span class=\"_ _4\"></span>162,681 shares. No shar<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>ere is<span class=\"_ _0\"></span>sued during 2022. C. Earnings per share The basic and dilut<span class=\"_ _0\"></span>ed earnings per share ar<span class=\"_ _4\"></span>e as follows:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span> In EUR per share <span class=\"_ _141\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Basic and diluted <span class=\"_ _142\"> </span>0.31771 <span class=\"_ _b1\"> </span>0.<span class=\"_ _4\"></span>11610 11. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Net defined benefit liability  <span class=\"_ _144\"> </span> <span class=\"_ _ce\"> </span>2,891 <span class=\"_ _d0\"> </span>2,922  Liability for social security c<span class=\"_ _0\"></span>ontributions <span class=\"_ _145\"> </span>27 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _d0\"> </span>2,366  T<span class=\"_ _1\"></span>otal employee benefit liabilities <span class=\"_ _146\"> </span> <span class=\"_ _c9\"> </span>6,382 <span class=\"_ _147\"> </span>5,288  Non-current <span class=\"_ _148\"> </span> <span class=\"_ _149\"> </span>2,8<span class=\"_ _0\"></span>91 <span class=\"_ _114\"> </span>2,922  Current <span class=\"_ _14a\"> </span> <span class=\"_ _107\"> </span>3,491 <span class=\"_ _10e\"> </span>2,366<span class=\"ff19\"> </span>For details on the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed emplo<span class=\"_ _0\"></span>yee benefit e<span class=\"_ _4\"></span>xpenses, see Note 12.<span class=\"_ _8\"></span> A. Post-emplo<span class=\"_ _0\"></span>yment plans The f<span class=\"_ _0\"></span>ollowing pos<span class=\"_ _0\"></span>t-emplo<span class=\"_ _0\"></span>yment plans exis<span class=\"_ _0\"></span>t: Defined contribution plan All the employ<span class=\"_ _4\"></span>ees of the Company\u2019<span class=\"_ _0\"></span>s subsidiaries are insur<span class=\"_ _4\"></span>ed for their main pension by the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e social insuranc<span class=\"_ _0\"></span>e or<span class=\"_ _0\"></span>ganizations as requir<span class=\"_ _4\"></span>ed by the local legislation. Once the c<span class=\"_ _0\"></span>ontributions hav<span class=\"_ _4\"></span>e been paid, the Company\u2019s subsidiaries hav<span class=\"_ _4\"></span>e no further payment obligations. The r<span class=\"_ _0\"></span>egular contributions c<span class=\"_ _0\"></span>onstitute net periodic c<span class=\"_ _0\"></span>osts f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e due, and as such are included in emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit expenses. Defined benefit plan The emplo<span class=\"_ _4\"></span>yees of the Company\u2019<span class=\"_ _4\"></span>s subsidiaries in Greece and Bulgaria, ar<span class=\"_ _0\"></span>e entitled to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e a lump sum when they retir<span class=\"_ _4\"></span>e. This lump sum is determined in acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>dance with the y<span class=\"_ _4\"></span>ears of service and the salary at the retir<span class=\"_ _0\"></span>ement date<span class=\"_ _0\"></span>. This obligation meets the definition of defined benefit plans and char<span class=\"_ _4\"></span>ges the accumulated benefits through pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss in each period with a corr<span class=\"_ _4\"></span>esponding increase of the retir<span class=\"_ _0\"></span>ement liability<span class=\"_ _1\"></span>. Benefits paid to pensioners during each period are char<span class=\"_ _4\"></span>ged against this liability<span class=\"_ _4\"></span>. These plans ar<span class=\"_ _0\"></span>e unfunded.  B. Mov<span class=\"_ _4\"></span>ement in net defined benefit liability<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation fr<span class=\"_ _4\"></span>om the opening balance to the closing balance f<span class=\"_ _0\"></span>or net defined benefit liability and its components.  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _14b\"> </span>2,922 <span class=\"_ _c7\"> </span>2,558  Amounts included in profit or loss Current servic<span class=\"_ _0\"></span>e cost <span class=\"_ _14d\"> </span>435 <span class=\"_ _103\"> </span>34<span class=\"_ _0\"></span>1  Past service c<span class=\"_ _0\"></span>ost <span class=\"_ _14e\"> </span>59 <span class=\"_ _14f\"> </span>52  Settlement/<span class=\"_ _4\"></span>curtailment/termination los<span class=\"_ _0\"></span>s <span class=\"_ _150\"> </span>443 <span class=\"_ _c9\"> </span>1,730  Inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t <span class=\"_ _d4\"> </span>6 <span class=\"_ _151\"> </span>7  <span class=\"_ _152\"> </span>942 2,<span class=\"_ _0\"></span>130  Included in OCI <span class=\"_ _153\"> </span>   Remeasurement los<span class=\"_ _0\"></span>s/(gain) <span class=\"_ _154\"> </span> <span class=\"_ _137\"> </span>  Actuarial loss/(<span class=\"_ _0\"></span>gain) arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _155\"> </span> <span class=\"_ _137\"> </span>  - Demographic assumptions <span class=\"_ _156\"> </span>- <span class=\"_ _105\"> </span>18  - Financial assumptions <span class=\"_ _157\"> </span>(550) <span class=\"_ _10e\"> </span>238  - Experience adjustments <span class=\"_ _158\"> </span>126 <span class=\"_ _14f\"> </span>23  <span class=\"_ _159\"> </span>(423) 279  Other mov<span class=\"_ _4\"></span>ements <span class=\"_ _15a\"> </span> <span class=\"_ _137\"> </span>  Benefits paid <span class=\"_ _15b\"> </span>(550) <span class=\"_ _12e\"> </span>(2,045)  Balance on 31 December <span class=\"_ _15c\"> </span>2,891 <span class=\"_ _c7\"> </span>2,9<span class=\"_ _0\"></span>22 During the financial year 20<span class=\"_ _0\"></span>22, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies pr<span class=\"_ _4\"></span>ovided EUR 550 thousand in benefit payments t<span class=\"_ _0\"></span>o employ<span class=\"_ _4\"></span>ees who left the Group during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. An additional cost that ar<span class=\"_ _4\"></span>ose due to these payments (Settlement/Curtailment/T<span class=\"_ _1\"></span>ermination loss of EUR 443 thousand) w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecognized. Mor<span class=\"_ _4\"></span>e specifically<span class=\"_ _4\"></span>, in the cases of dismissal,<span class=\"_ _8\"></span> voluntary withdr<span class=\"_ _4\"></span>awals with benefit pa<span class=\"_ _0\"></span>yment and retir<span class=\"_ _4\"></span>ement, the additional cost is the differ<span class=\"_ _0\"></span>ence betw<span class=\"_ _4\"></span>een the<span class=\"_ _8\"></span> benefit paid and the amount rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the defined benefit liability for the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees.  The incr<span class=\"_ _0\"></span>eased benefits paid and Settlement/<span class=\"_ _1\"></span>curtailment/termination los<span class=\"_ _0\"></span>s during the prior year ar<span class=\"_ _4\"></span>e attributed to the cost optimization initia<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es in steel pipes segment c<span class=\"_ _0\"></span>oncluded during the first quart<span class=\"_ _0\"></span>er of prior year<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  C. Defined benefit obligation a) Actuarial assump<span class=\"_ _0\"></span>tions The f<span class=\"_ _0\"></span>ollowing w<span class=\"_ _4\"></span>ere the weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage principal actuarial assumptions at the r<span class=\"_ _0\"></span>eporting date:  <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15d\"> </span>3.66% <span class=\"_ _c7\"> </span>0.21%  Inflation <span class=\"_ _70\"> </span>2.80% <span class=\"_ _e8\"> </span>2.<span class=\"_ _0\"></span>10%  Future salary gr<span class=\"_ _4\"></span>owth <span class=\"_ _15e\"> </span>3.05% <span class=\"_ _122\"> </span>2.95%  Plan duration (<span class=\"_ _4\"></span>expressed in y<span class=\"_ _4\"></span>ears) <span class=\"_ _15f\"> </span>5.41 <span class=\"_ _11c\"> </span>6.26 Assumptions r<span class=\"_ _0\"></span>egarding futur<span class=\"_ _4\"></span>e mortality have been based on published s<span class=\"_ _0\"></span>tatistics and mortality tables. b) Expect<span class=\"_ _0\"></span>ed maturity analy<span class=\"_ _0\"></span>sis The analy<span class=\"_ _0\"></span>sis of Gr<span class=\"_ _0\"></span>oup\u2019s e<span class=\"_ _4\"></span>xpected undiscounted benefits cash flo<span class=\"_ _0\"></span>ws in the futur<span class=\"_ _4\"></span>e years out of the defined benefit plan liability is as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Up to 1 y<span class=\"_ _0\"></span>ear <span class=\"_ _160\"> </span>509 <span class=\"_ _147\"> </span>360  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _161\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _103\"> </span>155  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _162\"> </span>752 <span class=\"_ _d0\"> </span>626  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>2,<span class=\"_ _4\"></span>130 <span class=\"_ _163\"> </span>1,823  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>3,566 <span class=\"_ _12f\"> </span>2,964 c) Sensitivity analy<span class=\"_ _0\"></span>sis The sensitivity analy<span class=\"_ _0\"></span>sis for each significant actuarial as<span class=\"_ _0\"></span>sumption, which was r<span class=\"_ _4\"></span>easonably possible, at the end of the reporting period and sho<span class=\"_ _4\"></span>ws how the defined benefit obligation w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e been affected by the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing changes:  Amounts in EUR thousand <span class=\"_ _164\"> </span>Increase <span class=\"_ _165\"> </span>Decrease<span class=\"_ _8\"></span>  Discount r<span class=\"_ _0\"></span>ate (0<span class=\"_ _0\"></span>.5% mo<span class=\"_ _0\"></span>vement) <span class=\"_ _13d\"> </span>(77) <span class=\"_ _124\"> </span>77  Future salary gr<span class=\"_ _4\"></span>owth (0.5% mo<span class=\"_ _0\"></span>vement) <span class=\"_ _166\"> </span>75 <span class=\"_ _12b\"> </span>(80) If zer<span class=\"_ _0\"></span>o withdr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e used when determining the defined benefit liability on 31 Dec<span class=\"_ _0\"></span>ember 2022, the liability would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _0\"></span>2 thousand. The abo<span class=\"_ _4\"></span>ve sensitivity analysis is based on a change in one as<span class=\"_ _0\"></span>sumption while all other assumptions r<span class=\"_ _0\"></span>emain cons<span class=\"_ _0\"></span>tant. In practic<span class=\"_ _0\"></span>e, this is unlik<span class=\"_ _0\"></span>ely to oc<span class=\"_ _0\"></span>cur as changes in some of the assumptions ma<span class=\"_ _0\"></span>y be corr<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed. When calculating the sensitivity of the defined benefit obligation to significant actuarial as<span class=\"_ _0\"></span>sumptions the same method (present value of the defined benefit obligation calcula<span class=\"_ _0\"></span>ted with the pr<span class=\"_ _0\"></span>ojected unit cr<span class=\"_ _4\"></span>edit method at the end of the reporting period) has been applied as when calculating the emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit liability rec<span class=\"_ _0\"></span>ognized on the s<span class=\"_ _0\"></span>tatement of financial position. The methods and the f<span class=\"_ _0\"></span>ormula of the assumptions used for the defined analy<span class=\"_ _0\"></span>sis ha<span class=\"_ _0\"></span>ve not changed compar<span class=\"_ _0\"></span>ed to the pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. 12. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit e<span class=\"_ _0\"></span>xpenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Employ<span class=\"_ _4\"></span>ee remuneration &amp; e<span class=\"_ _0\"></span>xpenses <span class=\"_ _110\"> </span>71,326 <span class=\"_ _af\"> </span>58,<span class=\"_ _0\"></span>095  Social security expenses <span class=\"_ _167\"> </span>12,57<span class=\"_ _0\"></span>8 <span class=\"_ _c7\"> </span>9,96<span class=\"_ _0\"></span>7  Defined benefit plan <span class=\"_ _168\"> </span>942 <span class=\"_ _c9\"> </span>2,130  Other <span class=\"_ _169\"> </span>7<span class=\"_ _4\"></span>,527 <span class=\"_ _c7\"> </span>5,538  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 Employ<span class=\"_ _4\"></span>ee benefits were alloca<span class=\"_ _0\"></span>ted as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cost of goods sold <span class=\"_ _16a\"> </span>70<span class=\"_ _0\"></span>,803 <span class=\"_ _a6\"> </span>55,017  Distribution e<span class=\"_ _0\"></span>xpenses <span class=\"_ _16b\"> </span>9,584 <span class=\"_ _16c\"> </span>9,0<span class=\"_ _0\"></span>11  Administr<span class=\"_ _4\"></span>ative expenses <span class=\"_ _16d\"> </span>9,94<span class=\"_ _0\"></span>7 <span class=\"_ _c9\"> </span>9<span class=\"_ _0\"></span>,619  Capitalised in assets under construction <span class=\"_ _16e\"> </span>2,039 <span class=\"_ _10b\"> </span>2,083  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 The number of emplo<span class=\"_ _4\"></span>yees, as well as their pr<span class=\"_ _4\"></span>ofile and gender<span class=\"_ _0\"></span>, emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _4\"></span>oup is presented in the follo<span class=\"_ _4\"></span>wing<span class=\"_ _8\"></span> tables:   <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _16f\"> </span>2,691 <span class=\"_ _e8\"> </span>2,285  <span class=\"_ _170\"> </span>18 - 30 <span class=\"_ _13f\"> </span>30-50 <span class=\"_ _ec\"> </span>51+ <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Male <span class=\"_ _95\"> </span>334 <span class=\"_ _aa\"> </span>1,436 <span class=\"_ _ad\"> </span>588 <span class=\"_ _c7\"> </span><span class=\"ff1a\">2,358</span>  Female <span class=\"_ _171\"> </span>61 <span class=\"_ _a6\"> </span>202 <span class=\"_ _c7\"> </span>70 <span class=\"_ _10e\"> </span><span class=\"ff1a\">333</span>  T<span class=\"_ _1\"></span>otal <span class=\"_ _144\"> </span>395 <span class=\"_ _c0\"> </span>1,638 <span class=\"_ _b1\"> </span>658 <span class=\"_ _111\"> </span>2,6<span class=\"_ _0\"></span>91  <span class=\"_ _172\"> </span>Office <span class=\"_ _8\"></span>employ<span class=\"_ _0\"></span>ees<span class=\"_ _d\"></span>   <span class=\"_ _173\"> </span>&amp; profes<span class=\"_ _0\"></span>sionals <span class=\"_ _174\"> </span>W<span class=\"_ _4\"></span>orkers <span class=\"_ _42\"> </span>Management <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _123\"> </span>548 <span class=\"_ _12e\"> </span>1,97<span class=\"_ _0\"></span>3 <span class=\"_ _ec\"> </span>17<span class=\"_ _0\"></span>0 <span class=\"_ _111\"> </span><span class=\"ff1a\">2,6<span class=\"_ _0\"></span>91<span class=\"ff19 fse\"> </span></span>13. Income tax A. Amounts recognised in pr<span class=\"_ _0\"></span>ofit or loss  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Current tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _156\"> </span>(12,820) <span class=\"_ _12e\"> </span>(2,998)  Origination and re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersal of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences <span class=\"_ _175\"> </span>(1,548) <span class=\"_ _176\"> </span>(3,879)  Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790  Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit   or tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _e0\"> </span>4,832 <span class=\"_ _103\"> </span>158  Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505)  Deferred tax e<span class=\"_ _0\"></span>xpense  <span class=\"_ _179\"> </span>3,284 <span class=\"_ _b3\"> </span>(5,436)  Income T<span class=\"_ _1\"></span>ax <span class=\"_ _17a\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) B. Reconciliation of eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e tax ra<span class=\"_ _0\"></span>te  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit befor<span class=\"_ _0\"></span>e tax <span class=\"_ _17b\"> </span>69,95<span class=\"_ _0\"></span>7 <span class=\"_ _b5\"> </span>30,513  T<span class=\"_ _1\"></span>ax calculated at par<span class=\"_ _0\"></span>ent company\u2019<span class=\"_ _4\"></span>s statutory income tax r<span class=\"_ _0\"></span>ate (2022 &amp; 2021: 25.<span class=\"_ _0\"></span>0%) <span class=\"_ _157\"> </span>(17<span class=\"_ _4\"></span>,489) <span class=\"_ _124\"> </span>(7<span class=\"_ _4\"></span>,628) Effect of differ<span class=\"_ _0\"></span>ent tax r<span class=\"_ _0\"></span>ates in jurisdictions that the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates <span class=\"_ _137\"> </span>2,830 <span class=\"_ _d0\"> </span>992 T<span class=\"_ _1\"></span>ax calculated at weight<span class=\"_ _0\"></span>ed av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age income tax r<span class=\"_ _0\"></span>ate (2022: 21.0% &amp; 20<span class=\"_ _0\"></span>21: 21.7%) <span class=\"_ _17c\"> </span>(14,<span class=\"ws91\">659) (6</span>,636) Adjustments f<span class=\"_ _0\"></span>or: <span class=\"_ _17d\"> </span>  <span class=\"_ _123\"> </span>  Non-deductible expenses f<span class=\"_ _0\"></span>or tax purposes <span class=\"_ _12c\"> </span>(1,329) <span class=\"_ _af\"> </span>(1,390) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt income <span class=\"_ _17e\"> </span>1,496 <span class=\"_ _109\"> </span>941 Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit or  tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _17f\"> </span>4,923 <span class=\"_ _103\"> </span>158 Current-<span class=\"_ _0\"></span>year los<span class=\"_ _0\"></span>ses for which no deferr<span class=\"_ _4\"></span>ed tax asset is recognised <span class=\"_ _180\"> </span>(424) <span class=\"_ _111\"> </span>(501) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt reserv<span class=\"_ _4\"></span>es recognition <span class=\"_ _ef\"> </span>     <span class=\"fc6 sc0\">   </span>                     -  <span class=\"_ _102\"> </span>660 Incremental R&amp;D tax inc<span class=\"_ _0\"></span>entives <span class=\"_ _181\"> </span>1,4<span class=\"_ _0\"></span>76 <span class=\"_ _149\"> </span>640 Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790 Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505) Prior year inc<span class=\"_ _0\"></span>ome tax <span class=\"_ _182\"> </span>(1,020) <span class=\"_ _cb\"> </span>(590) Income tax e<span class=\"_ _0\"></span>xpense report<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _0\"></span>ofit or loss <span class=\"_ _da\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) Effectiv<span class=\"_ _0\"></span>e tax rat<span class=\"_ _0\"></span>e <span class=\"_ _183\"> </span>(13.6%) <span class=\"_ _aa\"> </span>(27<span class=\"_ _1\"></span>.6%)The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate in Belgium accor<span class=\"_ _4\"></span>ding to the applicable tax legislation is 25%.<span class=\"_ _8\"></span> The tax<span class=\"_ _0\"></span>able profit of each subsidiary is tax<span class=\"_ _4\"></span>ed at the applicable income tax rat<span class=\"_ _0\"></span>e in the country wher<span class=\"_ _4\"></span>e each subsidiary<span class=\"_ _8\"></span> is domiciled. Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the Gr<span class=\"_ _4\"></span>eek law 4<span class=\"_ _0\"></span>799<span class=\"_ _0\"></span>/20<span class=\"_ _0\"></span>21, enacted in Ma<span class=\"_ _0\"></span>y 2021, the c<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e income tax r<span class=\"_ _4\"></span>ate for legal entities in Greec<span class=\"_ _0\"></span>e, wher<span class=\"_ _0\"></span>e most of Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries are located, f<span class=\"_ _0\"></span>or the fiscal year 20<span class=\"_ _0\"></span>21 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds is set at 22%. The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate of legal entities in Romania is set at 16% and in the USA the f<span class=\"_ _0\"></span>ederal c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate inc<span class=\"_ _0\"></span>ome tax rat<span class=\"_ _0\"></span>e is set at 21%. The eff<span class=\"_ _0\"></span>ective inc<span class=\"_ _0\"></span>ome tax r<span class=\"_ _0\"></span>ate of the Gr<span class=\"_ _4\"></span>oup was influenced by the r<span class=\"_ _4\"></span>ecognition of pre<span class=\"_ _0\"></span>viously unr<span class=\"_ _0\"></span>ecognised deferr<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> tax asset on prior y<span class=\"_ _0\"></span>ears\u2019 tax losses carried forw<span class=\"_ _4\"></span>ard, as the current asses<span class=\"_ _0\"></span>sment r<span class=\"_ _0\"></span>egarding the r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of av<span class=\"_ _0\"></span>ailable tax losses t<span class=\"_ _0\"></span>o offset future tax<span class=\"_ _0\"></span>able income in s<span class=\"_ _0\"></span>teel pipes segment led t<span class=\"_ _0\"></span>o the rec<span class=\"_ _0\"></span>ognition of deferr<span class=\"_ _4\"></span>ed tax<span class=\"_ _8\"></span> asset of EUR 4.6 million.  Based on applicable Greek tax legislation, r<span class=\"_ _4\"></span>esearch and dev<span class=\"_ _4\"></span>elopment (R&amp;D) e<span class=\"_ _0\"></span>xpenditure<span class=\"_ _0\"></span>, including the tax depreciation c<span class=\"_ _0\"></span>osts of equipment and ins<span class=\"_ _0\"></span>truments used in R&amp;D activities, may be deduct<span class=\"_ _0\"></span>ed from gr<span class=\"_ _4\"></span>oss income of a company with incr<span class=\"_ _4\"></span>eased deduction rates. Specifically<span class=\"_ _1\"></span>, R&amp;D expenditur<span class=\"_ _0\"></span>e in Greec<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>y be deducted fr<span class=\"_ _0\"></span>om gr<span class=\"_ _0\"></span>oss income when incurr<span class=\"_ _0\"></span>ed at a r<span class=\"_ _0\"></span>ate of 200% fr<span class=\"_ _4\"></span>om 1 September 2020 and onwar<span class=\"_ _4\"></span>ds. The subsidiaries of Cenergy Holdings in Greec<span class=\"_ _0\"></span>e mak<span class=\"_ _0\"></span>e use of the abov<span class=\"_ _4\"></span>e tax pro<span class=\"_ _0\"></span>visions and the estimat<span class=\"_ _0\"></span>e regar<span class=\"_ _4\"></span>ding the related tax benefit is pr<span class=\"_ _0\"></span>esented in the line \u201cIncremental R&amp;D tax inc<span class=\"_ _0\"></span>entiv<span class=\"_ _0\"></span>es\u201d of the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e. C. Mov<span class=\"_ _4\"></span>ement in deferred tax balances The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2022 <span class=\"_ _184\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _22\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _e2\"> </span>tax<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _64\"> </span>December <span class=\"_ _8c\"> </span>assets <span class=\"_ _75\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _18a\"> </span>(34,227) <span class=\"_ _8b\"> </span>(3,422) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _85\"> </span>(37<span class=\"_ _1\"></span>,648)<span class=\"ff19 ws94\"> <span class=\"_ _5f\"> </span>4 (37<span class=\"_ _1\"></span>,652) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _24\"> </span>(10) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">(5)</span> 9 <span class=\"_ _5\"> </span>(15)  Intangible assets <span class=\"_ _18e\"> </span>(1,922) <span class=\"_ _4e\"> </span>(126) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _91\"> </span><span class=\"ff1a\">(2,048)</span> <span class=\"_ _27\"> </span>103 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Inv<span class=\"_ _0\"></span>entories <span class=\"_ _192\"> </span>79 <span class=\"_ _18\"></span>21 - <span class=\"_ _4\"></span>- <span class=\"_ _d\"></span>- - <span class=\"_ _32\"></span>100 100 <span class=\"_ _85\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _f8\"> </span>(13,064) <span class=\"_ _29\"> </span>(5,485) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _193\"> </span><span class=\"ff1a\">(18,549)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _9f\"> </span>(18,549)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _df\"> </span>462 <span class=\"_ _79\"> </span>(1,060) <span class=\"_ _45\"> </span>(684) <span class=\"_ _8f\"> </span>- <span class=\"_ _194\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _61\"> </span><span class=\"ff1a\">(1,282)</span> <span class=\"_ _b\"> </span>29 (1,310)  Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _d0\"> </span>(1,311) <span class=\"_ _86\"> </span>541 <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _4a\"> </span>(77<span class=\"_ _0\"></span>0) 172 <span class=\"_ _c\"> </span>(941)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _195\"> </span>668 <span class=\"_ _44\"> </span>87 <span class=\"_ _9c\"> </span>(94) <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">660</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>660 <span class=\"_ _190\"> </span>-  </span> Pro<span class=\"_ _0\"></span>visions <span class=\"_ _196\"> </span>3,056 <span class=\"_ _80\"> </span>(644) <span class=\"_ _18b\"> </span>-  <span class=\"_ _34\"> </span>183 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _63\"> </span><span class=\"ff1a\">2,594</span><span class=\"ws98\"> <span class=\"_ _80\"> </span>2,594 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _198\"> </span>(637) <span class=\"_ _74\"> </span>555 <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(18) <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _86\"> </span><span class=\"ff1a\">(100)</span> 5<span class=\"_ _0\"></span>92 <span class=\"_ _7\"> </span>(692)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _c6\"> </span>405 <span class=\"_ _8c\"> </span>11,16<span class=\"_ _0\"></span>3 <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>3 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _74\"> </span>11,5<span class=\"_ _0\"></span>70<span class=\"ff19 ws98\"> <span class=\"_ _5c\"> </span>11,57<span class=\"_ _0\"></span>0 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _e3\"> </span>11,266 <span class=\"_ _8c\"> </span>1,664 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _75\"> </span><span class=\"ff1a\">12,930</span><span class=\"ws9e\"> 12,930 <span class=\"_ _92\"> </span>- </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _52\"> </span>(35,<span class=\"_ _0\"></span>148) <span class=\"_ _80\"> </span>3,284 <span class=\"_ _57\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _a2\"> </span>(32,4<span class=\"_ _4\"></span>75) <span class=\"_ _5f\"> </span>28,834 <span class=\"_ _a2\"> </span>(61,309)  Set-off tax <span class=\"_ _60\"> </span>  <span class=\"_ _19a\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _18b\"> </span>  <span class=\"_ _19b\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"ff1c ws9f\"> (25,991) <span class=\"_ _a2\"> </span>25,991 </span> Net tax assets / (liabilities) <span class=\"_ _d3\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _85\"> </span>3,284 <span class=\"_ _61\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _194\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _78\"> </span>(32,47<span class=\"_ _0\"></span>5) <span class=\"_ _78\"> </span>2,843 <span class=\"_ _99\"> </span>(35,318)The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the prior y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2021 <span class=\"_ _19c\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _80\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _197\"> </span>tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _193\"> </span>December <span class=\"_ _4e\"> </span>assets <span class=\"_ _e9\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _88\"> </span>(33,391) <span class=\"_ _79\"> </span>(3,792) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _57\"> </span>2,954 <span class=\"_ _18d\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff1a\">(34,227)</span><span class=\"wsa1\"> <span class=\"_ _5d\"> </span>4 (34,230) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _18f\"> </span>1 <span class=\"_ _18b\"> </span>-  <span class=\"_ _e4\"> </span>-  <span class=\"_ _71\"> </span>(1) <span class=\"_ _18d\"> </span>-  <span class=\"_ _fb\"> </span><span class=\"ff1a\">4</span> 9 <span class=\"_ _54\"> </span>(5)  Intangible assets <span class=\"_ _10c\"> </span>(1,934) <span class=\"_ _94\"> </span>(162) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _9a\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _18b\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">(1,922)</span> <span class=\"_ _8\"></span>229 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _8f\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> Inv<span class=\"_ _0\"></span>entories <span class=\"_ _f\"> </span>7<span class=\"_ _0\"></span>3 <span class=\"_ _42\"> </span>12 <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _43\"> </span>(6) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff1a lse5 ws6b\">79</span> 79 <span class=\"_ _7c\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _12b\"> </span>(11,423) <span class=\"_ _5d\"> </span>(2,523) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _71\"> </span>881 <span class=\"_ _18b\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">(13,064)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _8d\"> </span>(13,064)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _1a0\"> </span>466 <span class=\"_ _34\"> </span>48 <span class=\"_ _a1\"> </span>12 <span class=\"_ _90\"> </span>-  <span class=\"_ _e4\"> </span>5 <span class=\"_ _92\"> </span>(70) <span class=\"_ _6f\"> </span><span class=\"ff1a\">462</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>462 <span class=\"_ _190\"> </span>-  </span> Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _163\"> </span>(1,968) <span class=\"_ _24\"> </span>505 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _33\"> </span>152 <span class=\"_ _18d\"> </span>-  <span class=\"_ _24\"> </span><span class=\"ff1a\">(1,311)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _57\"> </span>(1,311)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _1a1\"> </span>610 <span class=\"_ _4a\"> </span>64 <span class=\"_ _3c\"> </span>(148) <span class=\"_ _8f\"> </span>- <span class=\"_ _4a\"> </span>(49) <span class=\"_ _9a\"> </span>191 <span class=\"_ _1a2\"> </span><span class=\"ff1a\">668</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>668 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Pro<span class=\"_ _0\"></span>visions <span class=\"_ _cd\"> </span>313 <span class=\"_ _1a3\"></span>2,777 - <span class=\"_ _1a4\"></span>(4) <span class=\"_ _1a5\"></span>(30) - <span class=\"_ _1a6\"></span>3,056<span class=\"ff19 ws98\"> <span class=\"_ _99\"> </span>3,056 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _1a7\"> </span>(37<span class=\"_ _0\"></span>5) <span class=\"_ _193\"> </span>(262) <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(12) <span class=\"_ _28\"> </span>13 <span class=\"_ _197\"> </span> -  <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(637)</span> 298 <span class=\"_ _7\"> </span>(935)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _109\"> </span>5,265 <span class=\"_ _81\"> </span>(4,599) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _74\"> </span>(263) <span class=\"_ _18b\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff1a\">405</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>405 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _10a\"> </span>12,603 <span class=\"_ _193\"> </span>(295) <span class=\"_ _18b\"> </span>-  <span class=\"_ _83\"> </span>(2) <span class=\"_ _85\"> </span>(1,040) <span class=\"_ _18b\"> </span>-  <span class=\"_ _1a9\"> </span><span class=\"ff1a\">11,266</span><span class=\"ws98\"> <span class=\"_ _5c\"> </span>11,266 <span class=\"_ _190\"> </span>-  </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _53\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _92\"> </span>(14) <span class=\"_ _61\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _e9\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _79\"> </span>16,547 <span class=\"_ _35\"> </span>(51,695)  Set-off tax <span class=\"_ _60\"> </span> <span class=\"_ _197\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _19b\"> </span> <span class=\"_ _18a\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"_ _36\"> </span>(13,314) <span class=\"_ _63\"> </span>13,314  Net tax assets / (liabilities) <span class=\"_ _3e\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _4a\"> </span>(14) <span class=\"_ _9d\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _64\"> </span>(35,148) <span class=\"_ _a2\"> </span>3,233 <span class=\"_ _78\"> </span>(38,382)On 31 December 2022, the ac<span class=\"_ _0\"></span>cumulated tax los<span class=\"_ _0\"></span>ses carried forw<span class=\"_ _0\"></span>ard a<span class=\"_ _4\"></span>vailable for futur<span class=\"_ _0\"></span>e use amounted t<span class=\"_ _0\"></span>o EUR 61.3 million. Cener<span class=\"_ _4\"></span>gy Holdings\u2019 companies hav<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised a deferr<span class=\"_ _4\"></span>ed tax asset on tax losses of EUR 52.6 million because management consider<span class=\"_ _0\"></span>ed it pr<span class=\"_ _0\"></span>obable that future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits would be a<span class=\"_ _4\"></span>vailable against which such tax losses can be used during the ne<span class=\"_ _0\"></span>xt fiv<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>ears. Deferr<span class=\"_ _0\"></span>ed tax asset on tax losses of EUR 7<span class=\"_ _1\"></span>.9 million relat<span class=\"_ _0\"></span>es to s<span class=\"_ _0\"></span>teel pipes segment, while the respectiv<span class=\"_ _4\"></span>e amount for cables segment is EUR 3.7 million.  Based on management\u2019s estima<span class=\"_ _0\"></span>tes r<span class=\"_ _0\"></span>egar<span class=\"_ _0\"></span>ding the future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits and the utilization period of tax losses accor<span class=\"_ _4\"></span>ding to applicable tax legislation deferr<span class=\"_ _0\"></span>ed tax assets hav<span class=\"_ _4\"></span>e not been recognised in r<span class=\"_ _0\"></span>espect of tax losses carried forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>or an amount of EUR 8.7 million with e<span class=\"_ _4\"></span>xpiration date during the period 20<span class=\"_ _0\"></span>23 to 202<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>. Such tax losses for which deferr<span class=\"_ _0\"></span>ed tax assets ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not been rec<span class=\"_ _0\"></span>ognised mainly conc<span class=\"_ _0\"></span>ern the par<span class=\"_ _0\"></span>ent holdings company<span class=\"_ _1\"></span>.  Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the pr<span class=\"_ _4\"></span>ovisions of articles 49 and 72 of the Gr<span class=\"_ _4\"></span>eek Law 4172/<span class=\"_ _0\"></span>2013 c<span class=\"_ _0\"></span>oncerning thin capitalization, net inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense is deductible fr<span class=\"_ _0\"></span>om current y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s tax pr<span class=\"_ _0\"></span>ofits, if it is equal or less than 30% of EBITD<span class=\"_ _4\"></span>A and any ex<span class=\"_ _4\"></span>cess can be settled with futur<span class=\"_ _0\"></span>e tax profits without time limita<span class=\"_ _0\"></span>tions. Similar thin capitalization rules apply to the tax deductibility of inter<span class=\"_ _0\"></span>est in R<span class=\"_ _0\"></span>omania. Specifically<span class=\"_ _4\"></span>, net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>ost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITD<span class=\"_ _4\"></span>A. The ex<span class=\"_ _4\"></span>cess net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e non-deductible in the r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> tax period and may be carried f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d to an unlimit<span class=\"_ _0\"></span>ed number of tax y<span class=\"_ _0\"></span>ears. During 2022, def<span class=\"_ _0\"></span>erred tax as<span class=\"_ _0\"></span>set rec<span class=\"_ _0\"></span>ognised due to thin capitalization rules incr<span class=\"_ _4\"></span>eased by EUR 1.7 million.  14. Inv<span class=\"_ _4\"></span>entories  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finished goods and merchandise <span class=\"_ _1aa\"> </span>94,72<span class=\"_ _0\"></span>7 <span class=\"_ _b5\"> </span>78,227  Semi-finished goods <span class=\"_ _16f\"> </span>73,83<span class=\"_ _0\"></span>5 <span class=\"_ _b1\"> </span>53,366  Raw and auxiliary mat<span class=\"_ _0\"></span>erials  <span class=\"_ _1ab\"> </span>317<span class=\"_ _4\"></span>,832 <span class=\"_ _124\"> </span>137<span class=\"_ _1\"></span>,875  Consumables <span class=\"_ _17a\"> </span>4,239 <span class=\"_ _e8\"> </span>2,823  Packaging mat<span class=\"_ _0\"></span>erials <span class=\"_ _ed\"> </span>5,<span class=\"_ _0\"></span>732 <span class=\"_ _c7\"> </span>2,622  Spare parts <span class=\"_ _a9\"> </span>11,17<span class=\"_ _0\"></span>9 <span class=\"_ _ce\"> </span>9,112  T<span class=\"_ _1\"></span>otal <span class=\"_ _1ac\"> </span>507<span class=\"_ _1\"></span>,545 <span class=\"_ _1ad\"> </span>284,025 On 31 December 2022, In<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories ar<span class=\"_ _4\"></span>e increased by EUR 223.5 million c<span class=\"_ _0\"></span>ompared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. This incr<span class=\"_ _0\"></span>ease is mainly attributed t<span class=\"_ _0\"></span>o the incr<span class=\"_ _0\"></span>eased ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials needs for the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ecution of st<span class=\"_ _0\"></span>eel pipes projects, along with the increase in in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories v<span class=\"_ _4\"></span>olumes of cables segment attributed to the incr<span class=\"_ _0\"></span>eased activity and the higher r<span class=\"_ _0\"></span>aw ma<span class=\"_ _0\"></span>terials prices noticed thr<span class=\"_ _4\"></span>oughout 2022 compared t<span class=\"_ _0\"></span>o 2021 (indicativ<span class=\"_ _4\"></span>ely the aver<span class=\"_ _0\"></span>age Copper LME pric<span class=\"_ _0\"></span>e incr<span class=\"_ _0\"></span>eased during 2022 b<span class=\"_ _0\"></span>y +5.7%, fr<span class=\"_ _0\"></span>om 7<span class=\"_ _1\"></span>,881 EUR/ton t<span class=\"_ _0\"></span>o 8,334 EUR/t<span class=\"_ _0\"></span>on, and the corr<span class=\"_ _0\"></span>esponding a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erage Aluminium LME pric<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ent up during 2022 b<span class=\"_ _0\"></span>y +21.8%, from 2,<span class=\"_ _4\"></span>101 EUR/t<span class=\"_ _0\"></span>on to 2,559 EUR/<span class=\"_ _0\"></span>ton.  In 2022, the amount of inv<span class=\"_ _4\"></span>entories rec<span class=\"_ _0\"></span>ognised as expense during the period and included in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d w<span class=\"_ _0\"></span>as EUR 967<span class=\"_ _1\"></span>.7 million (2021: EUR 7<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>7 million).  Inv<span class=\"_ _4\"></span>entories hav<span class=\"_ _0\"></span>e been reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y EUR 438 thousand in 2022 because of the write-do<span class=\"_ _4\"></span>wn to net realizable v<span class=\"_ _0\"></span>alue (2021: EUR 333 thousand).  Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no inv<span class=\"_ _4\"></span>entories pledged as security for borr<span class=\"_ _0\"></span>owings r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. 15. T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eivables  <span class=\"_ _1ae\"> </span>On 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Current assets  T<span class=\"_ _4\"></span>rade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f2\"> </span> <span class=\"_ _176\"> </span>142,098 <span class=\"_ _111\"> </span>96,262  Less: Impairment losses <span class=\"_ _1af\"> </span>30.<span class=\"_ _4\"></span>C.1 <span class=\"_ _124\"> </span>(27<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>128) <span class=\"_ _af\"> </span>(25,534)  <span class=\"_ _1b0\"> </span> 114,970 <span class=\"_ _2c\"> </span>70,7<span class=\"_ _0\"></span>28  Other down pa<span class=\"_ _0\"></span>yments <span class=\"_ _1b1\"> </span> <span class=\"_ _107\"> </span>3,17<span class=\"_ _0\"></span>8 <span class=\"_ _115\"> </span>624  Cheques and notes r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables  <span class=\"_ _1b2\"> </span> <span class=\"_ _1b3\"> </span>194 <span class=\"_ _1b4\"> </span>390  Receiv<span class=\"_ _0\"></span>ables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed entities <span class=\"_ _df\"> </span>35 <span class=\"_ _a6\"> </span>24,290 <span class=\"_ _bc\"> </span>31,445  V<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>T &amp; other tax receivables <span class=\"_ _de\"> </span> <span class=\"_ _163\"> </span>11,610 <span class=\"_ _16c\"> </span>14,4<span class=\"_ _4\"></span>76  Other rec<span class=\"_ _0\"></span>eivables <span class=\"_ _16e\"> </span> <span class=\"_ _c7\"> </span>18,910 <span class=\"_ _109\"> </span>4,<span class=\"_ _0\"></span>716  Other debtors <span class=\"_ _1b5\"> </span> <span class=\"_ _1b6\"> </span>20,<span class=\"_ _0\"></span>034 <span class=\"_ _149\"> </span>10,<span class=\"_ _4\"></span>158  Less: Impairment losses <span class=\"_ _1af\"> </span>30.<span class=\"_ _4\"></span>C.1 <span class=\"_ _ce\"> </span>(417) <span class=\"_ _147\"> </span>(49<span class=\"_ _0\"></span>7) 77<span class=\"_ _1\"></span>,798 61,312  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _176\"> </span>192,7<span class=\"_ _0\"></span>69 <span class=\"_ _b5\"> </span>132,040<span class=\"ff1e\"> </span> Non-current assets  Non-current r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _137\"> </span> <span class=\"_ _1b8\"> </span>395 <span class=\"_ _1b4\"> </span>208  Other non-current r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _1b9\"> </span> <span class=\"_ _1b8\"> </span>832 <span class=\"_ _115\"> </span>968  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _102\"> </span>1,227 <span class=\"_ _112\"> </span>1,<span class=\"_ _0\"></span>177 A. T<span class=\"_ _4\"></span>ransfer of tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eivables The carrying amount of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables includes amounts that are subject to f<span class=\"_ _0\"></span>actoring arr<span class=\"_ _0\"></span>angements. The subsidiaries Cener<span class=\"_ _0\"></span>gy Holdings enter int<span class=\"_ _0\"></span>o factoring agr<span class=\"_ _4\"></span>eements with recourse to sell tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables for cash pr<span class=\"_ _0\"></span>oceeds. T<span class=\"_ _0\"></span>hese trade r<span class=\"_ _4\"></span>eceivables ar<span class=\"_ _0\"></span>e not being derec<span class=\"_ _0\"></span>ognised fr<span class=\"_ _0\"></span>om the Consolidat<span class=\"_ _0\"></span>ed Statement of Financial Position, because substantially all the risk - primarily cr<span class=\"_ _0\"></span>edit risk - and re<span class=\"_ _4\"></span>wards ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>etained within the Group<span class=\"_ _0\"></span>. The amount r<span class=\"_ _4\"></span>eceived on transf<span class=\"_ _0\"></span>er by the f<span class=\"_ _0\"></span>actor is r<span class=\"_ _4\"></span>ecognised as a secured bank loan. The f<span class=\"_ _0\"></span>ollowing inf<span class=\"_ _0\"></span>ormation sho<span class=\"_ _0\"></span>ws the carrying amount of tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables at the y<span class=\"_ _0\"></span>ear-end that ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been transf<span class=\"_ _0\"></span>erred but ha<span class=\"_ _4\"></span>ve not been derec<span class=\"_ _0\"></span>ognised and the associat<span class=\"_ _0\"></span>ed liabilities.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Carrying amount of trade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed  <span class=\"_ _95\"> </span>16,265 <span class=\"_ _c9\"> </span>8,812  Carrying amount of associated liabilities <span class=\"_ _1ba\"> </span>14,638 <span class=\"_ _bc\"> </span>7<span class=\"_ _4\"></span>,931 The f<span class=\"_ _0\"></span>air value of the tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed appro<span class=\"_ _4\"></span>ximate the carrying amount. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, Cener<span class=\"_ _0\"></span>gy Holdings had not used the total amount of cr<span class=\"_ _0\"></span>edit line a<span class=\"_ _0\"></span>vailable b<span class=\"_ _4\"></span>y the<span class=\"_ _8\"></span> factoring c<span class=\"_ _0\"></span>ompanies. B. Credit and mark<span class=\"_ _0\"></span>et risks and impairment losses on tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables During 2010, the subsidiary C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks SA initiated in Gr<span class=\"_ _0\"></span>eece and Dubai legal actions against a f<span class=\"_ _0\"></span>ormer customer in the Middle Eas<span class=\"_ _0\"></span>t regar<span class=\"_ _4\"></span>ding the reco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery of an o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue r<span class=\"_ _4\"></span>eceivable of USD 2<span class=\"_ _0\"></span>4.8 million (EUR 23.3 million on 31 December 2022), plus legal int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est. Follo<span class=\"_ _0\"></span>wing a series of court pr<span class=\"_ _4\"></span>oceedings, the Dubai Court of Cassation issued its final judgment, during 20<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>, and<span class=\"_ _8\"></span> ruled to r<span class=\"_ _0\"></span>eject any c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>claim of the former cus<span class=\"_ _0\"></span>tomer and t<span class=\"_ _0\"></span>o confirm the amount due t<span class=\"_ _0\"></span>o Corinth Pipe<span class=\"_ _0\"></span>works. In order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er this long o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue balanc<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks has initiated the enforc<span class=\"_ _0\"></span>ement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es against the assets of the former cus<span class=\"_ _0\"></span>tomer that ar<span class=\"_ _0\"></span>e locat<span class=\"_ _0\"></span>ed within any of the countries, wher<span class=\"_ _4\"></span>e the Court of Cassation judgment issued against the f<span class=\"_ _0\"></span>ormer customer is enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable (i.<span class=\"_ _0\"></span>e., U<span class=\"_ _0\"></span>AE and v<span class=\"_ _0\"></span>arious other countries in the Middle East). Ther<span class=\"_ _4\"></span>e were no other subs<span class=\"_ _0\"></span>tantial dev<span class=\"_ _4\"></span>elopments during 2022.<span class=\"_ _8\"></span>   Corinth Pipe<span class=\"_ _0\"></span>works had r<span class=\"_ _4\"></span>ecorded in the past an impairment los<span class=\"_ _0\"></span>s for the whole outstanding amount, i.<span class=\"_ _0\"></span>e., USD 24.8 million. Ho<span class=\"_ _4\"></span>wev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, the subsidiary will continue an<span class=\"_ _0\"></span>y and all actions r<span class=\"_ _0\"></span>equired t<span class=\"_ _0\"></span>o collect the full amount of tha<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able.  <span class=\"_ _8\"></span> Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit and market risks and impairment los<span class=\"_ _0\"></span>ses for tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables is included in Note 29.<span class=\"_ _4\"></span>C.<span class=\"_ _0\"></span>1. 16. Cash and cash equiv<span class=\"_ _0\"></span>alents<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cash in hand and cash in bank <span class=\"_ _13c\"> </span>32 <span class=\"_ _1bb\"> </span>6  Short-term bank deposits <span class=\"_ _b0\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>127 <span class=\"_ _a8\"> </span>129,600  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>167<span class=\"_ _1\"></span>,160 <span class=\"_ _13b\"> </span>129,606 Short term deposits ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e duration of les<span class=\"_ _0\"></span>s than 90 day<span class=\"_ _0\"></span>s and ar<span class=\"_ _0\"></span>e av<span class=\"_ _4\"></span>ailable for use. 17<span class=\"_ _1\"></span>. Property<span class=\"_ _1\"></span>, plant and equipment A. Reconciliation of carrying amount  <span class=\"_ _10d\"> </span> Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings  Machinery Furniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction  T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  <span class=\"_\"> </span>Co<span class=\"_ _8\"></span>st <span class=\"_ _1bc\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _122\"> </span> <span class=\"_ _12b\"> </span> <span class=\"_ _40\"> </span>   Balance on 1 January 2021 <span class=\"_ _be\"> </span>177<span class=\"_ _0\"></span>,222 <span class=\"_ _89\"> </span>539,713 <span class=\"_ _1be\"> </span>25,564 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _8b\"> </span><span class=\"ff1a\">794,05<span class=\"_ _0\"></span>2<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1bf\"> </span>(321) <span class=\"_ _6f\"> </span>(7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7) <span class=\"_ _fe\"> </span>(47) <span class=\"_ _20\"> </span>(22) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>7) </span> Additions <span class=\"_ _59\"> </span>596 <span class=\"_ _6f\"> </span>7<span class=\"_ _4\"></span>,47<span class=\"_ _0\"></span>5 <span class=\"_ _f9\"> </span>2,298 <span class=\"_ _1c0\"> </span>30,<span class=\"_ _0\"></span>762 <span class=\"_ _8c\"> </span><span class=\"ff1a\">41,<span class=\"_ _0\"></span>130<span class=\"ff19\"> </span></span> Disposals <span class=\"_ _1c1\"> </span>(625) <span class=\"_ _43\"> </span>(352) <span class=\"_ _41\"> </span>(187) <span class=\"_ _194\"> </span>(18) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>183) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _1c2\"> </span>(340) <span class=\"_ _5b\"> </span>(31) <span class=\"_ _1bf\"> </span>-  <span class=\"_ _22\"> </span><span class=\"ff1a\">(371) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c3\"> </span>15,463 <span class=\"_ _4a\"> </span>35,296 <span class=\"_ _5b\"> </span>587 <span class=\"_ _63\"> </span>(51,444) <span class=\"_ _89\"> </span><span class=\"ff1a\">(99) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _e8\"> </span>192,335 <span class=\"_ _1a9\"> </span>581,034 <span class=\"_ _1c4\"> </span>28,<span class=\"_ _0\"></span>184 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _5d\"> </span>832,383  Balance on 1 January 2022 <span class=\"_ _192\"> </span>192,335 <span class=\"_ _3c\"> </span>581,034 <span class=\"_ _18a\"> </span>28,<span class=\"_ _4\"></span>184 <span class=\"_ _1c2\"> </span>30,831 <span class=\"_ _5d\"> </span><span class=\"ff1a\">832,383</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _118\"> </span>1 <span class=\"_ _13\"> </span>4 <span class=\"_ _aa\"> </span>6 <span class=\"_ _8f\"> </span>(96) <span class=\"_ _89\"> </span><span class=\"ff1a\">(84) </span> Additions <span class=\"_ _1c5\"> </span>17<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>146 <span class=\"_ _9a\"> </span>6,322 <span class=\"_ _41\"> </span>1,4<span class=\"_ _4\"></span>78 <span class=\"_ _33\"> </span>50<span class=\"_ _0\"></span>,985 <span class=\"_ _80\"> </span><span class=\"ff1a\">75,932</span>  Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _19b\"> </span>(9) <span class=\"_ _fe\"> </span>(23) <span class=\"_ _1bf\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff1a\">(32) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1c7\"> </span>(5) <span class=\"_ _92\"> </span>(1,484) <span class=\"_ _13\"> </span>(188) <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,677) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c8\"> </span>2,404 <span class=\"_ _33\"> </span>12,556 <span class=\"_ _1bf\"> </span>520 <span class=\"_ _f6\"> </span>(17<span class=\"_ _4\"></span>,215) <span class=\"_ _80\"> </span><span class=\"ff1a\">(1,735) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _c9\"> </span>211,881 <span class=\"_ _9d\"> </span>598,424 <span class=\"_ _194\"> </span>29,977 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _29\"> </span>904,788 Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings MachineryFurniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span><span class=\"ff19 fc9 ls5\"> </span> Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and   impairment losses <span class=\"ff19\"> </span> Balance on 1 January 2021 <span class=\"_ _1ca\"> </span>(68,821) <span class=\"_ _193\"> </span>(2<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>778) <span class=\"_ _20\"> </span>(17<span class=\"_ _4\"></span>,516) <span class=\"_ _1bf\"> </span>- <span class=\"_ _9b\"> </span><span class=\"ff1a\">(336,115) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _113\"> </span>224 <span class=\"_ _90\"> </span>487 <span class=\"_ _13f\"> </span>3<span class=\"_ _0\"></span>7 <span class=\"_ _1bf\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff1a lsf7 ws6c\">74<span class=\"_ _8\"></span>8<span class=\"_ _d\"></span></span>  Depreciation <span class=\"_ _1cb\"> </span>(3,238) <span class=\"_ _24\"> </span>(16,0<span class=\"_ _0\"></span>77) <span class=\"_ _fb\"> </span>(1,808) <span class=\"_ _1bf\"> </span>- <span class=\"_ _8d\"> </span><span class=\"ff1a\">(21,<span class=\"_ _0\"></span>122) </span> Disposals <span class=\"_ _170\"> </span>622 <span class=\"_ _8f\"> </span>298 <span class=\"_ _1cc\"> </span>185 <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a9\"> </span><span class=\"ff1a\">1,105</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _165\"> </span>340 <span class=\"_ _1ad\"> </span>16 <span class=\"_ _1bf\"> </span>- <span class=\"_ _4a\"> </span><span class=\"ff1a ls85 ws6d\">356</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _f5\"> </span>- <span class=\"_ _1cd\"> </span>(872) <span class=\"_ _fe\"> </span>(25) <span class=\"_ _1bf\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">(898) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _c7\"> </span>(71,213) <span class=\"_ _5c\"> </span>(265,602) <span class=\"_ _194\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _53\"> </span>(355,9<span class=\"_ _0\"></span>25)  Balance on 1 January 2022 <span class=\"_ _1ce\"> </span>(71,213) <span class=\"_ _80\"> </span>(265,602) <span class=\"_ _1c4\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span><span class=\"ff1a\">(355,925) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _127\"> </span>(1) <span class=\"_ _197\"> </span>(22) <span class=\"_ _1d0\"> </span>(4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(27) </span> Depreciation <span class=\"_ _1d1\"> </span>(3,489) <span class=\"_ _3c\"> </span>(17<span class=\"_ _4\"></span>,528) <span class=\"_ _20\"> </span>(2,02<span class=\"_ _0\"></span>4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _81\"> </span><span class=\"ff1a\">(23,041) </span> Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _13\"> </span>9 <span class=\"_ _1ad\"> </span>17 <span class=\"_ _1bf\"> </span>- <span class=\"_ _71\"> </span><span class=\"ff1a\">26</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1d2\"> </span>5 <span class=\"_ _a1\"> </span>1,431 <span class=\"_ _1cc\"> </span>187 <span class=\"_ _1bf\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">1,623</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1a0\"> </span>8 <span class=\"_ _28\"> </span>(70) <span class=\"_ _3d\"> </span>(5) <span class=\"_ _1bf\"> </span>- <span class=\"_ _89\"> </span><span class=\"ff1a\">(66)</span>  Impairment loss <span class=\"_ _1d3\"> </span>- <span class=\"_ _34\"> </span>(1,222) <span class=\"_ _124\"> </span>- <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,222) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1d4\"> </span>(7<span class=\"_ _4\"></span>4,690) <span class=\"_ _35\"> </span>(283,003) <span class=\"_ _43\"> </span>(20,940) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span>(378,632)  Carrying amounts  On 1 January 2021 <span class=\"_ _1d5\"> </span>108,401 <span class=\"_ _24\"> </span>289,935 <span class=\"_ _190\"> </span>8,048 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _7c\"> </span><span class=\"ff1a\">45<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,937<span class=\"ff19\"> </span></span> On 31 December 2021 <span class=\"_ _1d6\"> </span>121,<span class=\"_ _0\"></span>122 <span class=\"_ _3c\"> </span>315,432 <span class=\"_ _88\"> </span>9,<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>3 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _8b\"> </span>4<span class=\"_ _0\"></span>76,458  On 31 December 2022 <span class=\"_ _1d7\"> </span>137<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>192 <span class=\"_ _1a8\"> </span>315,421 <span class=\"_ _190\"> </span>9,038 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _93\"> </span>526,<span class=\"_ _0\"></span>156<span class=\"wsa8\">  </span>The net amount in other r<span class=\"_ _0\"></span>eclassifications c<span class=\"_ _0\"></span>oncerns intangible as<span class=\"_ _0\"></span>sets under construction r<span class=\"_ _4\"></span>eclassified during the year to intangible assets and r<span class=\"_ _4\"></span>eclassifications from Right of Use assets. B. SecurityProperty<span class=\"_ _1\"></span>, plant &amp; equipment with a carrying amount of EUR 49 million ar<span class=\"_ _0\"></span>e mortgaged as security f<span class=\"_ _0\"></span>or borro<span class=\"_ _4\"></span>wings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings (see Note 26). C.<span class=\"_\"> </span>Property<span class=\"_ _1\"></span>, plant and equipment under constructionThe most important it<span class=\"_ _0\"></span>ems in pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment under construction on 31 December 2022 c<span class=\"_ _0\"></span>oncern mainly ongoing inv<span class=\"_ _4\"></span>estments in the Corinth plant of the cables segment, a capital expenditur<span class=\"_ _0\"></span>e of EUR 6.0 million to support the cons<span class=\"_ _0\"></span>truction of a submarine cables fact<span class=\"_ _0\"></span>ory in the USA and c<span class=\"_ _0\"></span>ertain productivity and capacit<span class=\"_ _0\"></span>y impro<span class=\"_ _4\"></span>vement inv<span class=\"_ _4\"></span>estments in the Thisvi plant of the s<span class=\"_ _0\"></span>teel pipes segment. Most such capital e<span class=\"_ _4\"></span>xpenditure projects, ex<span class=\"_ _4\"></span>cluding the construction of a submarine cables fact<span class=\"_ _0\"></span>ory in the USA, ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to be c<span class=\"_ _0\"></span>ompleted during 20<span class=\"_ _0\"></span>23. The amount of EUR 17<span class=\"_ _1\"></span>.2 million reclassified fr<span class=\"_ _4\"></span>om assets under construction in 2022 r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o selectiv<span class=\"_ _0\"></span>e impro<span class=\"_ _4\"></span>vements in the This<span class=\"_ _0\"></span>vi, Gr<span class=\"_ _0\"></span>eece plant of st<span class=\"_ _0\"></span>eel pipes segment (EUR 6.6 million) and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tments of EUR 10.6 million that wer<span class=\"_ _4\"></span>e concluded in cables production units. Borro<span class=\"_ _4\"></span>wing costs of EUR 344 thousand relat<span class=\"_ _0\"></span>ed to the ac<span class=\"_ _0\"></span>quisition of new machinery w<span class=\"_ _4\"></span>ere capitalised, calculated using a capitalisation ra<span class=\"_ _0\"></span>te of 4.<span class=\"_ _0\"></span>08%. D<span class=\"_ _0\"></span>.<span class=\"_\"> </span>Impairment lossIn 2022, the impairment loss of EUR 1,222 thousand r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esented the writ<span class=\"_ _0\"></span>e-down of c<span class=\"_ _0\"></span>ertain machinery in cables segment to the r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>verable amount as a r<span class=\"_ _4\"></span>esult of technological obsolescence and r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement from the oper<span class=\"_ _4\"></span>ations of<span class=\"_ _8\"></span> the segment. This w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecognised in the stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss as \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019. The r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount of such machinery was set equal t<span class=\"_ _0\"></span>o scrap v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span>  18. Leases A. Amounts recognised in the C<span class=\"_ _0\"></span>onsolidated S<span class=\"_ _0\"></span>tatement of Financial Position  The Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Financial Position sho<span class=\"_ _0\"></span>ws the f<span class=\"_ _0\"></span>ollowing amounts r<span class=\"_ _4\"></span>elating to leases:<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Right-of-use assets <span class=\"_ _ee\"> </span> <span class=\"_ _18e\"> </span> <span class=\"_ _da\"> </span>  Buildings <span class=\"_ _1d8\"> </span> <span class=\"_ _1b8\"> </span>358 <span class=\"_ _14f\"> </span>408  Machinery <span class=\"_ _1d9\"> </span> <span class=\"_ _1da\"> </span>57<span class=\"_ _0\"></span>8 <span class=\"_ _1db\"> </span>598  T<span class=\"_ _4\"></span>ransportation means <span class=\"_ _1dc\"> </span> <span class=\"_ _107\"> </span>2,731 <span class=\"_ _d0\"> </span>2,347  Other equipment <span class=\"_ _1dd\"> </span> <span class=\"_ _116\"> </span>97 <span class=\"_ _1bb\"> </span>116  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _c9\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _149\"> </span>3,469  Lease liabilities Current lease liabilities <span class=\"_ _10d\"> </span>26 <span class=\"_ _ce\"> </span>1,224 <span class=\"_ _112\"> </span>1,216  Non-current lease liabilities <span class=\"_ _11e\"> </span>26 <span class=\"_ _bc\"> </span>2,233 <span class=\"_ _189\"> </span>2,080  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _c9\"> </span>3,457 <span class=\"_ _189\"> </span>3,296 B. Reconciliation of carrying amount of Right-of-use as<span class=\"_ _0\"></span>sets  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _1df\"> </span>3,469 <span class=\"_ _c7\"> </span>5,598  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1e0\"> </span>29 <span class=\"_ _1bb\"> </span>6  Additions <span class=\"_ _1e1\"> </span>1,597 <span class=\"_ _189\"> </span>909  T<span class=\"_ _1\"></span>erminations <span class=\"_ _1e2\"> </span>(194) <span class=\"_ _163\"> </span>(176)  Modifications <span class=\"_ _136\"> </span>29 <span class=\"_ _be\"> </span>-  Depreciation <span class=\"_ _1e3\"> </span>(1,221) <span class=\"_ _124\"> </span>(1,490)  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _17e\"> </span>54 <span class=\"_ _ad\"> </span>(1,377)  Balance on 31 December <span class=\"_ _1e4\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _cb\"> </span>3,469 C. Amounts recognised in the C<span class=\"_ _0\"></span>onsolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Loss The Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss sho<span class=\"_ _0\"></span>ws the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing amounts rela<span class=\"_ _0\"></span>ting to leases:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Depreciation charge of right-of-use as<span class=\"_ _0\"></span>sets <span class=\"_ _1e5\"> </span> <span class=\"_ _137\"> </span>  Buildings <span class=\"_ _d5\"> </span>76 <span class=\"_ _11a\"> </span>68  Machinery <span class=\"_ _d6\"> </span>51 <span class=\"_ _114\"> </span>252  T<span class=\"_ _4\"></span>ransportation means <span class=\"_ _159\"> </span>1,029 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>107  Other equipment <span class=\"_ _1e6\"> </span>64 <span class=\"_ _11a\"> </span>63  T<span class=\"_ _1\"></span>otal <span class=\"_ _1e7\"> </span>1,221 <span class=\"_ _c7\"> </span>1,490  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense (included in finance cos<span class=\"_ _0\"></span>t) <span class=\"_ _1e8\"> </span>226 <span class=\"_ _10e\"> </span>20<span class=\"_ _0\"></span>7  V<span class=\"_ _4\"></span>ariable rental fees <span class=\"_ _1e9\"> </span>27<span class=\"_ _1\"></span>4 <span class=\"_ _1b8\"> </span>123  Low v<span class=\"_ _4\"></span>alue rental fees <span class=\"_ _17e\"> </span>275 <span class=\"_ _1c9\"> </span>190  Short term r<span class=\"_ _0\"></span>ental fees <span class=\"_ _1ea\"> </span>2,865 <span class=\"_ _111\"> </span>1,680 19. Intangible assets A. Reconciliation of carrying amount  <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Cost  Balance on 1 January 2021 <span class=\"_ _1ec\"> </span>1,57<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span>30,<span class=\"_ _4\"></span>189 <span class=\"_ _165\"> </span>16,512 <span class=\"_ _a1\"> </span>303 <span class=\"_ _99\"> </span><span class=\"ff1a\">48,578</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1be\"> </span>(83) <span class=\"_ _d3\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(83) </span> Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _1ef\"> </span>1,446 <span class=\"_ _18d\"> </span>1,962 <span class=\"_ _d3\"> </span>-  <span class=\"_ _64\"> </span><span class=\"ff1a\">3,408</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _18c\"> </span>(1,200) <span class=\"_ _88\"> </span>1,610 <span class=\"_ _fb\"> </span>1,69<span class=\"_ _4\"></span>7 <span class=\"_ _d3\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">2,10<span class=\"_ _0\"></span>7<span class=\"ff19\"> </span></span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _123\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _21\"> </span>33,245 <span class=\"_ _9a\"> </span>20,087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>54,010  Balance on 1 January 2022 <span class=\"_ _1d7\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _165\"> </span>33,245 <span class=\"_ _6f\"> </span>20,<span class=\"_ _0\"></span>087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _80\"> </span><span class=\"ff1a\">54,<span class=\"_ _0\"></span>010<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>- <span class=\"_ _1cc\"> </span>2 <span class=\"_ _d3\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">2</span>  Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _3e\"> </span>1,4<span class=\"_ _4\"></span>79 <span class=\"_ _194\"> </span>1,597 <span class=\"_ _1f2\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">3,0<span class=\"_ _0\"></span>77<span class=\"ff19\"> </span></span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1f3\"> </span>- <span class=\"_ _1f4\"> </span>386 <span class=\"_ _1c4\"> </span>1,36<span class=\"_ _0\"></span>1 <span class=\"_ _1f2\"> </span>- <span class=\"_ _24\"> </span><span class=\"ff1a lsf7 ws6c\">1<span class=\"_ _d\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _d\"></span>7<span class=\"_ _8\"></span></span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1f5\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1c4\"> </span>35,<span class=\"_ _0\"></span>111 <span class=\"_ _43\"> </span>23,048 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>58,836 <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Ac<span class=\"_ _0\"></span>cumulated amortisation and   impairment losses<span class=\"ff19\"> <span class=\"_ _1f6\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span>  </span> Balance on 1 January 2021 <span class=\"_ _1f7\"> </span>(902) <span class=\"_ _7a\"> </span>(7<span class=\"_ _4\"></span>,616) <span class=\"_ _42\"> </span>(10,514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(22<span class=\"_ _0\"></span>4) <span class=\"_ _8b\"> </span><span class=\"ff1a\">(19,256) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1f1\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1c0\"> </span><span class=\"ff1a\">55</span>  Amortisation <span class=\"_ _1d3\"> </span>(80) <span class=\"_ _197\"> </span>(1,962) <span class=\"_ _1f8\"> </span>(1,7<span class=\"_ _0\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _99\"> </span><span class=\"ff1a\">(3,821) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1d5\"> </span>608 <span class=\"_ _c3\"> </span>-  <span class=\"_ _90\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1a8\"> </span><span class=\"ff1a lse5 ws6b\">267</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _14f\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _a1\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _34\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _81\"> </span>(22,755)  Balance on 1 January 2022 <span class=\"_ _e3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _28\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _83\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _1c0\"> </span>(237) <span class=\"_ _81\"> </span><span class=\"ff1a\">(22,7<span class=\"_ _0\"></span>55) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _122\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _1bd\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _1f9\"> </span> - <span class=\"_ _90\"> </span><span class=\"ff1a\">-</span>  Amortisation <span class=\"_ _1c7\"> </span>-  <span class=\"_ _a1\"> </span>(2,217) <span class=\"_ _6f\"> </span>(1,894)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _80\"> </span><span class=\"ff1a\">(4,<span class=\"_ _4\"></span>123) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1b3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _1f8\"> </span>(11,795) <span class=\"_ _1fa\"> </span>(14,461)<span class=\"fc6 sc0\"> </span><span class=\"_ _44\"> </span>(250) <span class=\"_ _5f\"> </span>(26,879)  Carrying amounts <span class=\"_ _1fc\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span> <span class=\"_ _19b\"> </span>  On 1 January 2021 <span class=\"_ _1fd\"> </span>67<span class=\"_ _0\"></span>3 <span class=\"_ _90\"> </span>22,57<span class=\"_ _4\"></span>4 <span class=\"_ _90\"> </span>5,997<span class=\"fc6 sc0\"> </span><span class=\"_ _fb\"> </span>79 <span class=\"_ _80\"> </span><span class=\"ff1a\">29,323</span>  On 31 December 2021 <span class=\"_ _1fe\"> </span>-  <span class=\"_ _18f\"> </span>23,667 <span class=\"_ _194\"> </span>7<span class=\"_ _4\"></span>,521<span class=\"fc6 sc0\"> </span><span class=\"_ _18d\"> </span>66 <span class=\"_ _193\"> </span>31,254  On 31 December 2022 <span class=\"_ _1ff\"> </span>-  <span class=\"_ _28\"> </span>23,316 <span class=\"_ _7a\"> </span>8,588<span class=\"fc6 sc0\"> </span><span class=\"_ _194\"> </span>53 <span class=\"_ _e9\"> </span>31,957 B. Amortisation The amortization of tr<span class=\"_ _4\"></span>ademarks &amp; licenses with finite useful lives, soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams and other intangible assets is allocated t<span class=\"_ _0\"></span>o the cost of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory and is included in \u201c<span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t of sales\u201d as inv<span class=\"_ _4\"></span>entory is sold, as trademarks &amp; licenses and softwar<span class=\"_ _4\"></span>e programs ar<span class=\"_ _0\"></span>e mainly used dir<span class=\"_ _0\"></span>ectly to pr<span class=\"_ _0\"></span>oduce pr<span class=\"_ _4\"></span>oducts, and they are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as production o<span class=\"_ _4\"></span>verheads. The amortization of intangible as<span class=\"_ _0\"></span>sets not used for pr<span class=\"_ _0\"></span>oduction is allocated t<span class=\"_ _0\"></span>o administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpenses. C. Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es<span class=\"_ _8\"></span> All intangible assets hav<span class=\"_ _4\"></span>e finite useful life, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing assets, included in tr<span class=\"_ _0\"></span>ademarks and licenses: a. T<span class=\"_ _1\"></span>rade name \u201cFulgor\u201d (carrying amount of EUR 1.<span class=\"_ _0\"></span>4 million on 31 December 2022) It relat<span class=\"_ _0\"></span>es to the sect<span class=\"_ _0\"></span>or of medium v<span class=\"_ _0\"></span>oltage submarine cables and under<span class=\"_ _0\"></span>ground high v<span class=\"_ _4\"></span>oltage cables that Fulgor was operating prior t<span class=\"_ _0\"></span>o its acquisition b<span class=\"_ _0\"></span>y Hellenic Cables in 2011 and which has r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ealed significant economic benefits. Based on the analysis of r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant f<span class=\"_ _0\"></span>actors (<span class=\"_ _4\"></span>e.g., knowledge<span class=\"_ _0\"></span>, no longstanding engagement with a wide r<span class=\"_ _0\"></span>ange of clientele, futur<span class=\"_ _4\"></span>e development of the sect<span class=\"_ _0\"></span>or), the useful life of the br<span class=\"_ _0\"></span>and w<span class=\"_ _0\"></span>as consider<span class=\"_ _0\"></span>ed indefinite<span class=\"_ _0\"></span>.  b. License of port use in Sous<span class=\"_ _0\"></span>saki, Corinth (<span class=\"_ _4\"></span>carrying amount of EUR 8.3 million on 31 December 2022)<span class=\"_ _8\"></span> Fulgor holds a license f<span class=\"_ _0\"></span>or permanent and ex<span class=\"_ _4\"></span>clusive use of a port located in the pr<span class=\"_ _4\"></span>emises of the factory in Soussaki, Corinth. The port is nec<span class=\"_ _0\"></span>essary f<span class=\"_ _0\"></span>or the production and tr<span class=\"_ _4\"></span>ansportation of submarine cables of medium and high<span class=\"_ _8\"></span> voltage<span class=\"_ _0\"></span>. Since the ac<span class=\"_ _0\"></span>quisition of the subsidiary<span class=\"_ _4\"></span>, significant inv<span class=\"_ _4\"></span>estments for the upgrade and e<span class=\"_ _0\"></span>xpansion of pr<span class=\"_ _0\"></span>oduction capacity of medium and high-v<span class=\"_ _4\"></span>oltage submarine cables took place. The useful lif<span class=\"_ _0\"></span>e of the asset is c<span class=\"_ _0\"></span>onsidered indefinite since the right of use of these port f<span class=\"_ _0\"></span>acilities is for an indefinit<span class=\"_ _0\"></span>e period. D<span class=\"_ _0\"></span>. Impairment tes<span class=\"_ _0\"></span>t As these intangible assets do not gener<span class=\"_ _0\"></span>ate independent cash inflo<span class=\"_ _0\"></span>ws, it w<span class=\"_ _4\"></span>as considered appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>o carry out the impairment test on the basis of the Cash Gener<span class=\"_ _4\"></span>ating Unit (CGU) of Fulgor submarine cables pr<span class=\"_ _4\"></span>oduction plant, which<span class=\"_ _8\"></span> incorpor<span class=\"_ _0\"></span>ates these as<span class=\"_ _0\"></span>sets. T<span class=\"_ _1\"></span>o e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the v<span class=\"_ _0\"></span>alue in use, cash flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>ojections based on estimat<span class=\"_ _0\"></span>es by management co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear period (2023 \u2013 2027) w<span class=\"_ _0\"></span>ere used. T<span class=\"_ _0\"></span>hese estimat<span class=\"_ _0\"></span>es tak<span class=\"_ _0\"></span>e into c<span class=\"_ _0\"></span>onsideration the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts alr<span class=\"_ _0\"></span>eady signed, as well as c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts estimated t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ded in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _0\"></span>oad. The submarine cables C<span class=\"_ _0\"></span>GU oper<span class=\"_ _0\"></span>ates as a pr<span class=\"_ _0\"></span>oject-based business. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, assumptions r<span class=\"_ _4\"></span>elated to r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue and<span class=\"_ _8\"></span> profitability gr<span class=\"_ _4\"></span>owth are based on the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already signed, as w<span class=\"_ _4\"></span>ell as those estimated to be undertak<span class=\"_ _0\"></span>en in the forthcoming period. T<span class=\"_ _0\"></span>he main assumptions r<span class=\"_ _4\"></span>egarding the operations of submarine cables C<span class=\"_ _0\"></span>GU and the pr<span class=\"_ _0\"></span>ojects to be ex<span class=\"_ _4\"></span>ecuted within the five-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear period are: \u2022 <span class=\"_ _23\"> </span>Pr<span class=\"_ _4\"></span>ogressiv<span class=\"_ _0\"></span>ely high-capacity utilization of Corinth plant o<span class=\"_ _4\"></span>wned by Fulgor<span class=\"_ _4\"></span>, as the one observed during the las<span class=\"_ _0\"></span>t 3 years, based on c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already a<span class=\"_ _4\"></span>warded and those e<span class=\"_ _0\"></span>xpected giv<span class=\"_ _4\"></span>en the tendering activity<span class=\"_ _4\"></span>. Given the e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> backlog and the gro<span class=\"_ _4\"></span>wth of renew<span class=\"_ _0\"></span>ables business ar<span class=\"_ _0\"></span>ound the w<span class=\"_ _0\"></span>orld, which is a significant driv<span class=\"_ _0\"></span>er in the attr<span class=\"_ _0\"></span>activ<span class=\"_ _0\"></span>e outlook for the offshor<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er generation market, the c<span class=\"_ _0\"></span>ontinuously high le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el of activity is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be retained thr<span class=\"_ _4\"></span>oughout the period 2023-2027<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Capital e<span class=\"_ _4\"></span>xpenditure of appro<span class=\"_ _4\"></span>x. EUR 189 million in the following 5 y<span class=\"_ _4\"></span>ears, to cov<span class=\"_ _4\"></span>er estimated pr<span class=\"_ _0\"></span>oduction and capacity needs. Capital e<span class=\"_ _0\"></span>xpenditure r<span class=\"_ _4\"></span>eflects investments f<span class=\"_ _0\"></span>or maintenanc<span class=\"_ _0\"></span>e as w<span class=\"_ _0\"></span>ell as organic gr<span class=\"_ _4\"></span>owth. For the terminal period, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments ar<span class=\"_ _0\"></span>e set equal to depr<span class=\"_ _0\"></span>eciation. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue fr<span class=\"_ _4\"></span>om offshore business for the fiv<span class=\"_ _4\"></span>e-year period is set t<span class=\"_ _0\"></span>o ca. 24% attributable to the as<span class=\"_ _0\"></span>signment of new pr<span class=\"_ _4\"></span>ojects mainly in Greece, North Eur<span class=\"_ _0\"></span>ope and the USA. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he EBITD<span class=\"_ _4\"></span>A margin per offshore pr<span class=\"_ _4\"></span>oject is assumed in the range of 15%-25% of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue. Estimated pr<span class=\"_ _0\"></span>ofitability per project v<span class=\"_ _4\"></span>aries due to different types of cables r<span class=\"_ _4\"></span>equired, technical specifications, geogr<span class=\"_ _0\"></span>aphic r<span class=\"_ _0\"></span>egion and the project\u2019<span class=\"_ _0\"></span>s timefr<span class=\"_ _0\"></span>ame. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of fix<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpenses is assumed equal to ca. 4.8% f<span class=\"_ _0\"></span>or the fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> period. Cash flow<span class=\"_ _0\"></span>s after the firs<span class=\"_ _0\"></span>t five y<span class=\"_ _4\"></span>ears were calcula<span class=\"_ _0\"></span>ted using an estima<span class=\"_ _0\"></span>ted long term gr<span class=\"_ _4\"></span>owth rat<span class=\"_ _0\"></span>e of 1.52%, which mainly reflects management\u2019<span class=\"_ _0\"></span>s estimat<span class=\"_ _0\"></span>es for the w<span class=\"_ _0\"></span>orld econom<span class=\"_ _0\"></span>y as w<span class=\"_ _0\"></span>ell as long-term gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wth pr<span class=\"_ _0\"></span>ospects of the offshore cable sector<span class=\"_ _1\"></span>. The pre-tax r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o discount these cash flo<span class=\"_ _4\"></span>ws was 12.0<span class=\"_ _0\"></span>2%, based on the follo<span class=\"_ _0\"></span>wing assumptions: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>-fr<span class=\"_ _0\"></span>ee ra<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>as based on AAA European bond yields. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ountry risk calculations wer<span class=\"_ _4\"></span>e based on the expected futur<span class=\"_ _0\"></span>e sales mix and the fact that the busines<span class=\"_ _0\"></span>s unit is based in Greec<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et risk pr<span class=\"_ _0\"></span>emium was as<span class=\"_ _0\"></span>sumed equal to 6.21%., i.<span class=\"_ _0\"></span>e., higher than the one used in last y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s impairment test, as mark<span class=\"_ _4\"></span>et conditions hav<span class=\"_ _0\"></span>e worsened. Commodity prices f<span class=\"_ _0\"></span>or copper and aluminium ar<span class=\"_ _4\"></span>e intrinsically part of the impairment test assumptions; the metal price hedging activities undertak<span class=\"_ _0\"></span>en, though, and the cust<span class=\"_ _0\"></span>omized natur<span class=\"_ _0\"></span>e of the pr<span class=\"_ _0\"></span>oducts sold by F<span class=\"_ _0\"></span>ulgor<span class=\"_ _4\"></span>, suggest that the value of the busines<span class=\"_ _0\"></span>s unit is not significantly affect<span class=\"_ _0\"></span>ed by fluctua<span class=\"_ _0\"></span>tions in commodity pric<span class=\"_ _0\"></span>es.  Hence, a neutr<span class=\"_ _4\"></span>al<span class=\"_ _8\"></span> result fr<span class=\"_ _4\"></span>om metal price fluctuations is assumed in the conte<span class=\"_ _4\"></span>xt of the impairment test. The r<span class=\"_ _0\"></span>esults of this tes<span class=\"_ _0\"></span>t indicated that the r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount on 31 December 2022 e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds the carrying amount of the CGU (<span class=\"_ _4\"></span>equal to EUR 283 million) by EUR 688 million. A sensitivity analysis w<span class=\"_ _0\"></span>as carried out on the k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y assumptions of the model (<span class=\"_ _0\"></span>discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and gro<span class=\"_ _4\"></span>wth in<span class=\"_ _8\"></span> perpetuity), to e<span class=\"_ _0\"></span>xamine the adequac<span class=\"_ _0\"></span>y of the abo<span class=\"_ _0\"></span>ve headr<span class=\"_ _4\"></span>oom. Sensitivity analysis results indica<span class=\"_ _0\"></span>ted that the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount is c<span class=\"_ _0\"></span>omfortably e<span class=\"_ _4\"></span>xceeds the carrying v<span class=\"_ _0\"></span>alue of the CGU<span class=\"_ _0\"></span>. Assumptions ma<span class=\"_ _0\"></span>y change as follo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s so as the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount equals the carrying amount:  Assumptions used  Change in rat<span class=\"_ _0\"></span>es (percentage points change<span class=\"_ _0\"></span>)<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Discount ra<span class=\"_ _0\"></span>te <span class=\"_ _13d\"> </span>12.0<span class=\"_ _0\"></span>2 % <span class=\"_ _195\"> </span>+ 14.5 ppc Growth in perpe<span class=\"_ _0\"></span>tuity <span class=\"_ _1d8\"> </span>1.52 % <span class=\"_ _1f7\"> </span>- 118.<span class=\"_ _0\"></span>0 ppc20. In<span class=\"_ _4\"></span>vestment pr<span class=\"_ _0\"></span>operty A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _17e\"> </span>764 <span class=\"_ _d0\"> </span>764  Disposal <span class=\"_ _201\"> </span>(609) <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _202\"> </span>155 <span class=\"_ _147\"> </span>764  Gross carrying amount <span class=\"_ _16a\"> </span>5<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span>1 <span class=\"_ _c9\"> </span>1,348  Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses <span class=\"_ _203\"> </span>(416) <span class=\"_ _204\"> </span>(584)  Carrying amount on 31 December <span class=\"_ _205\"> </span>155 <span class=\"_ _147\"> </span>764 Inv<span class=\"_ _4\"></span>estment property on 31 December 20<span class=\"_ _0\"></span>22 consists of se<span class=\"_ _4\"></span>veral land pr<span class=\"_ _4\"></span>operties in Greece. None of these is curr<span class=\"_ _0\"></span>ently leased. These pr<span class=\"_ _0\"></span>operties ar<span class=\"_ _0\"></span>e not currently used b<span class=\"_ _4\"></span>y Cenergy Holdings and ar<span class=\"_ _0\"></span>e held either for capital appr<span class=\"_ _0\"></span>eciation or to be leased in the for<span class=\"_ _4\"></span>eseeable future.  During 2022, a land pr<span class=\"_ _0\"></span>operty with carrying amount of EUR 609 thousand along with associat<span class=\"_ _0\"></span>ed rights of EUR 151 thousand (rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the line long term \u2018T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables\u2019) was sold to a thir<span class=\"_ _0\"></span>d party<span class=\"_ _1\"></span>. The proc<span class=\"_ _0\"></span>eeds from this disposal amounted to EUR 1.<span class=\"_ _4\"></span>1 million. B. Measurement of fair v<span class=\"_ _4\"></span>alue \u2013 Impairment loss and subsequent rev<span class=\"_ _4\"></span>ersal<span class=\"_ _8\"></span> Based on management\u2019s asses<span class=\"_ _0\"></span>sment, during the curr<span class=\"_ _0\"></span>ent period, there w<span class=\"_ _4\"></span>ere no indications for impairment or re<span class=\"_ _4\"></span>versal of impairment for any pr<span class=\"_ _4\"></span>operty<span class=\"_ _4\"></span>. The fair v<span class=\"_ _0\"></span>alue of inv<span class=\"_ _4\"></span>estment property amounts t<span class=\"_ _0\"></span>o EUR 195 thousand on 31 December 2022, while the ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>s amounts to EUR 4<span class=\"_ _0\"></span>16 thousand. The inputs used f<span class=\"_ _0\"></span>or fair value measur<span class=\"_ _4\"></span>ement of investment pr<span class=\"_ _4\"></span>operty have been ca<span class=\"_ _0\"></span>tegorised Le<span class=\"_ _4\"></span>vel 2, based on the inputs to the v<span class=\"_ _0\"></span>aluation techniques used. C. Restrictions - Contr<span class=\"_ _4\"></span>actual obligations<span class=\"_ _8\"></span> Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e neither res<span class=\"_ _0\"></span>trictions nor contr<span class=\"_ _0\"></span>actual obligations. 21. Equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _206\"> </span>36,431 <span class=\"_ _1d4\"> </span>34,539  Share in pr<span class=\"_ _0\"></span>ofit after tax<span class=\"_ _4\"></span>es <span class=\"_ _207\"> </span>6,059 <span class=\"_ _c9\"> </span>1,855  Share in other c<span class=\"_ _0\"></span>omprehensiv<span class=\"_ _4\"></span>e income <span class=\"_ _129\"> </span>(133) <span class=\"_ _11c\"> </span>(94)  Disposals <span class=\"_ _17d\"> </span>(2,3<span class=\"_ _0\"></span>58) <span class=\"_ _be\"> </span>-  Dividends rec<span class=\"_ _0\"></span>eived <span class=\"_ _208\"> </span>(282) <span class=\"_ _204\"> </span>(656)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _72\"> </span>1,2<span class=\"_ _0\"></span>41 <span class=\"_ _10e\"> </span>7<span class=\"_ _0\"></span>86  Balance on 31 December <span class=\"_ _b0\"> </span>40,959 <span class=\"_ _b5\"> </span>36,431 In the prior year<span class=\"_ _1\"></span>, the Group - thr<span class=\"_ _0\"></span>ough CPW America - held a 19.4% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company and acc<span class=\"_ _0\"></span>ounted for the in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tment as an associat<span class=\"_ _0\"></span>e. In Augus<span class=\"_ _0\"></span>t 2022, the Gr<span class=\"_ _0\"></span>oup disposed its inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company f<span class=\"_ _0\"></span>or proc<span class=\"_ _0\"></span>eeds of USD 3.3 million, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able in monthly instalments. T<span class=\"_ _0\"></span>he disposal price w<span class=\"_ _0\"></span>as acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the initial purchase agr<span class=\"_ _4\"></span>eement, which prescribed that CPW America had the option, during the period 2022-2025 t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>equire Bellville T<span class=\"_ _1\"></span>ube Company to r<span class=\"_ _0\"></span>edeem all, but not less than all, of the shar<span class=\"_ _0\"></span>es of Bellville T<span class=\"_ _1\"></span>ube Company then held b<span class=\"_ _0\"></span>y CPW America. The aggr<span class=\"_ _4\"></span>egate purchase price f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>edeemed shares w<span class=\"_ _0\"></span>as set equal to USD 3.3 million, i.<span class=\"_ _4\"></span>e., the<span class=\"_ _8\"></span> amount initially disbursed for the pur<span class=\"_ _0\"></span>chase of the inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company<span class=\"_ _1\"></span>. This tr<span class=\"_ _0\"></span>ansaction has also result<span class=\"_ _0\"></span>ed in the der<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elated options pr<span class=\"_ _4\"></span>eviously rec<span class=\"_ _0\"></span>ognised on the stat<span class=\"_ _0\"></span>ement of financial position. The amount rec<span class=\"_ _0\"></span>ognised as loss in the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss is calculat<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _162\"> </span> <span class=\"_ _137\"> </span> Disposal price <span class=\"_ _b8\"> </span> <span class=\"_ _163\"> </span>3,24<span class=\"_ _0\"></span>1  Less:  <span class=\"_ _209\"> </span> <span class=\"_ _137\"> </span>  Carrying amount of inv<span class=\"_ _0\"></span>estment on the dat<span class=\"_ _0\"></span>e of disposal <span class=\"_ _20a\"> </span> <span class=\"_ _176\"> </span>(2,358)  Carrying amount of options on the date of disposal <span class=\"_ _1d2\"> </span> <span class=\"_ _176\"> </span>(1,<span class=\"_ _0\"></span>040)  Loss rec<span class=\"_ _0\"></span>ognised from disposal of as<span class=\"_ _0\"></span>sociate <span class=\"_ _132\"> </span> <span class=\"_ _111\"> </span>(156) B. Financial information per associat<span class=\"_ _0\"></span>e The f<span class=\"_ _0\"></span>ollowing tables pr<span class=\"_ _4\"></span>esent financial information per associate. T<span class=\"_ _0\"></span>he disclosed financial informa<span class=\"_ _0\"></span>tion reflects amounts in the financial statements of the r<span class=\"_ _4\"></span>elevant as<span class=\"_ _0\"></span>sociates. 2022 <span class=\"_ _20b\"> </span>  Company <span class=\"_ _121\"> </span> <span class=\"_ _20c\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Principal place of business   Rev<span class=\"_ _4\"></span>enue Profit fr<span class=\"_ _0\"></span>om continuing operations T<span class=\"_ _4\"></span>otal compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income  Ownership<span class=\"_ _8\"></span> interest<span class=\"_ _8\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _3d\"> </span>52,518 <span class=\"_ _c3\"> </span>1,861 <span class=\"_ _1fb\"> </span>1,779 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13b\"> </span>2,781 <span class=\"_ _118\"> </span>95 <span class=\"_ _20d\"> </span>94 <span class=\"_ _9a\"> </span>26.<span class=\"_ _4\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _3d\"> </span>95,2<span class=\"_ _0\"></span>46 <span class=\"_ _d9\"> </span>7<span class=\"_ _4\"></span>,287 <span class=\"_ _f0\"> </span>7<span class=\"_ _0\"></span>,287 <span class=\"_ _f6\"> </span>49.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _e2\"> </span>1,724,<span class=\"_ _4\"></span>169 <span class=\"_ _1cc\"> </span>6,600 <span class=\"_ _174\"> </span>6,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>71 <span class=\"_ _1fa\"> </span>20.50% Company <span class=\"_ _e8\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-current<span class=\"_ _8\"></span> liabilities<span class=\"_ _d\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>13,191 <span class=\"_ _12b\"> </span>5,388 <span class=\"_ _e7\"> </span>13,37<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>2,619  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _40\"> </span>2,966 <span class=\"_ _1d0\"> </span>11,846 <span class=\"_ _20f\"> </span>891 <span class=\"_ _8f\"> </span>8,<span class=\"_ _0\"></span>172  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _20\"> </span>69,910 <span class=\"_ _113\"> </span>5,252 <span class=\"_ _1c4\"> </span>42,498 <span class=\"_ _1f1\"> </span>87  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _22\"> </span>149,577 <span class=\"_ _113\"> </span>8,2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>7 <span class=\"_ _1c4\"> </span>103,<span class=\"_ _4\"></span>172 <span class=\"_ _3b\"> </span>6,0322021 Company <span class=\"_ _a4\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Principal place <span class=\"_ _d0\"> </span>of business Rev<span class=\"_ _4\"></span>enue Profit / (Loss<span class=\"_ _0\"></span>) from continuing operations T<span class=\"_ _4\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income Ownership<span class=\"_ _8\"></span> inter<span class=\"_ _0\"></span>est  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _f8\"> </span>39,4<span class=\"_ _0\"></span>78 <span class=\"_ _d7\"> </span>825 <span class=\"_ _12b\"> </span>7<span class=\"_ _8\"></span>13 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13f\"> </span>2,44<span class=\"_ _0\"></span>7 <span class=\"_ _b1\"> </span>127 <span class=\"_ _13f\"> </span>131 <span class=\"_ _9a\"> </span>26.<span class=\"_ _0\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _1bd\"> </span>70,009 <span class=\"_ _210\"> </span>1,910 <span class=\"_ _fe\"> </span>1,910 <span class=\"_ _44\"> </span>49<span class=\"_ _0\"></span>.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _8f\"> </span>1,438,330 <span class=\"_ _13f\"> </span>5,816 <span class=\"_ _174\"> </span>5,516 <span class=\"_ _33\"> </span>20<span class=\"_ _0\"></span>.50%  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>USA <span class=\"_ _d7\"> </span>20,238 <span class=\"_ _134\"> </span>(2,837) <span class=\"_ _19b\"> </span>(2,837) <span class=\"_ _f3\"> </span>19.40% Company <span class=\"_ _1c5\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _d\"></span> liabilities<span class=\"ff19 fc9 ls5\"> </span> STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>7<span class=\"_ _1\"></span>,847 <span class=\"_ _20d\"> </span>3,56<span class=\"_ _0\"></span>1 <span class=\"_ _f0\"> </span>7<span class=\"_ _4\"></span>,937 <span class=\"_ _20\"> </span>1,710  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _1f9\"> </span>1,968 <span class=\"_ _f8\"> </span>12,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>70 <span class=\"_ _20f\"> </span>193 <span class=\"_ _18d\"> </span>8,191  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _165\"> </span>64,836 <span class=\"_ _1d0\"> </span>5,<span class=\"_ _0\"></span>004 <span class=\"_ _1c4\"> </span>46,926 <span class=\"_ _1f1\"> </span>23  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _89\"> </span>187<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>131 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>,681 <span class=\"_ _18b\"> </span>145,803 <span class=\"_ _197\"> </span>6,461  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>Steel Pipes <span class=\"_ _174\"> </span>422 <span class=\"_ _1bd\"> </span>13,<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>44 <span class=\"_ _1f1\"> </span>3,988 <span class=\"_ _7a\"> </span>3,418The f<span class=\"_ _0\"></span>ollowing table analy<span class=\"_ _0\"></span>ses the inter<span class=\"_ _4\"></span>est in AO TMK<span class=\"_ _4\"></span>-CPW and other significant associates:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 1 January (100%) <span class=\"_ _203\"> </span>22,891 <span class=\"_ _b1\"> </span>20<span class=\"_ _0\"></span>,336  T<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _4\"></span>e income of AO TMK<span class=\"_ _4\"></span>-CPW (100%) <span class=\"_ _56\"> </span>7<span class=\"_ _1\"></span>,287 <span class=\"_ _16c\"> </span>1,910  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es (100%) <span class=\"_ _129\"> </span>2,399 <span class=\"_ _111\"> </span>1,493  Dividends (100%) <span class=\"_ _211\"> </span>- <span class=\"_ _204\"> </span>(849)  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (100%) <span class=\"_ _212\"> </span>32,577 <span class=\"_ _b5\"> </span>22,891  Carrying amount of interes<span class=\"_ _0\"></span>t in A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (49%) <span class=\"_ _115\"> </span>11,216 <span class=\"_ _204\"> </span>11,216  Carrying amount of inter<span class=\"_ _0\"></span>est in International T<span class=\"_ _1\"></span>rade <span class=\"_ _213\"> </span>22,726 <span class=\"_ _12f\"> </span>21,481  Carrying amount of inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company <span class=\"_ _1c1\"> </span>- <span class=\"_ _bc\"> </span>1,7<span class=\"_ _0\"></span>32  Carrying amount of inter<span class=\"_ _0\"></span>est in other individually immaterial as<span class=\"_ _0\"></span>sociates <span class=\"_ _103\"> </span>2,270 <span class=\"_ _cb\"> </span>2,002  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>40,959 <span class=\"_ _ad\"> </span>36,431 Since A<span class=\"_ _4\"></span>O TMK-CP<span class=\"_ _0\"></span>W is based on Russia, ther<span class=\"_ _0\"></span>e are r<span class=\"_ _4\"></span>estrictions on the ability of the associate t<span class=\"_ _0\"></span>o transf<span class=\"_ _0\"></span>er funds to the Company and its subsidiaries in the f<span class=\"_ _0\"></span>orm of cash dividends, due to the c<span class=\"_ _0\"></span>ounter sanctions set b<span class=\"_ _0\"></span>y the Russian F<span class=\"_ _0\"></span>eder<span class=\"_ _0\"></span>ation.<span class=\"_ _8\"></span> Russian legislation put in place sinc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>y 2022 r<span class=\"_ _0\"></span>estrict the pa<span class=\"_ _0\"></span>yments of amounts in ex<span class=\"_ _4\"></span>cess of ca. \u20ac150,<span class=\"_ _0\"></span>000 to EU residents as a r<span class=\"_ _4\"></span>esponse to the EU imposed sanctions against Russia.  Although these res<span class=\"_ _0\"></span>trictions ar<span class=\"_ _0\"></span>e stated t<span class=\"_ _0\"></span>o be tempor<span class=\"_ _0\"></span>ary<span class=\"_ _1\"></span>, to av<span class=\"_ _0\"></span>oid any pot<span class=\"_ _0\"></span>ential loss of income<span class=\"_ _0\"></span>, Humbel Lt<span class=\"_ _0\"></span>d (the o<span class=\"_ _0\"></span>wner of 49% of the shar<span class=\"_ _0\"></span>es in the A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW)<span class=\"_ _8\"></span> has asked A<span class=\"_ _4\"></span>O TMK<span class=\"_ _0\"></span>-CPW to pos<span class=\"_ _0\"></span>tpone the payment of an<span class=\"_ _0\"></span>y dividends, until further notice. T<span class=\"_ _4\"></span>herefor<span class=\"_ _0\"></span>e, during 2022, there w<span class=\"_ _4\"></span>ere no transactions betw<span class=\"_ _4\"></span>een AO TMK<span class=\"_ _4\"></span>-CPW and the Group. Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no other res<span class=\"_ _0\"></span>trictions on the ability of associat<span class=\"_ _0\"></span>es to tr<span class=\"_ _4\"></span>ansfer funds to the Company or its subsidiaries in the form of cash dividends, or to r<span class=\"_ _4\"></span>epay loans or advanc<span class=\"_ _0\"></span>es made by the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Ther<span class=\"_ _0\"></span>e is no unr<span class=\"_ _0\"></span>ecognised shar<span class=\"_ _0\"></span>e of losses of an as<span class=\"_ _0\"></span>sociate, both f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>eporting period and cumulativ<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 22.<span class=\"_\"> </span>Other inv<span class=\"_ _4\"></span>estments Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _16a\"> </span>5,812 <span class=\"_ _e8\"> </span>5,657  Additions <span class=\"_ _214\"> </span>- <span class=\"_ _be\"> </span>-  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Disposals <span class=\"_ _215\"> </span>- <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 Other inv<span class=\"_ _4\"></span>estments are equity inv<span class=\"_ _4\"></span>estments at FV<span class=\"_ _0\"></span>OCI and conc<span class=\"_ _0\"></span>ern unlisted shar<span class=\"_ _4\"></span>es (equity instruments<span class=\"_ _0\"></span>) of Greek entities.  23. Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es The f<span class=\"_ _0\"></span>ollowing table sets out the carrying amount of deriv<span class=\"_ _4\"></span>atives:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 Derivativ<span class=\"_ _4\"></span>es not designated as hedging instrumentsW<span class=\"_ _4\"></span>eighing up the possible effects of monetary policy tightening in the EU and the US<span class=\"_ _0\"></span>A observ<span class=\"_ _0\"></span>ed during the first semester of 20<span class=\"_ _0\"></span>22 and to offset the pot<span class=\"_ _0\"></span>ential impact on finance cos<span class=\"_ _0\"></span>ts due to incr<span class=\"_ _0\"></span>easing inter<span class=\"_ _4\"></span>est rates, C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings companies decided in Q2 2022 t<span class=\"_ _0\"></span>o start using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>aps.<span class=\"_ _8\"></span> V<span class=\"_ _4\"></span>ariable rat<span class=\"_ _0\"></span>e loans and borro<span class=\"_ _4\"></span>wings expose Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o a rat<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility risk (<span class=\"_ _4\"></span>cash flow risk).  In order t<span class=\"_ _0\"></span>o hedge it, inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate swaps ar<span class=\"_ _4\"></span>e used to effectively tr<span class=\"_ _4\"></span>ansform the variable inter<span class=\"_ _4\"></span>est rate of the loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed one, thus r<span class=\"_ _0\"></span>educing such v<span class=\"_ _0\"></span>olatility risk.  Inter<span class=\"_ _4\"></span>est rate s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts inv<span class=\"_ _4\"></span>olve ex<span class=\"_ _4\"></span>changing, on specified dates cash amounts equal to the differ<span class=\"_ _4\"></span>ence between a c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed inter<span class=\"_ _4\"></span>est rate calculat<span class=\"_ _0\"></span>ed on a principal and a v<span class=\"_ _0\"></span>ariable rat<span class=\"_ _0\"></span>e calculat<span class=\"_ _0\"></span>ed on the same principal.  By car<span class=\"_ _0\"></span>efully choosing the variable r<span class=\"_ _4\"></span>ate and the principal of the swap<span class=\"_ _0\"></span>, one actually transf<span class=\"_ _0\"></span>orms a floating r<span class=\"_ _0\"></span>ate loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te one. During H1 2022, both segments enter<span class=\"_ _4\"></span>ed swap agreements on a t<span class=\"_ _0\"></span>otal notional v<span class=\"_ _0\"></span>alue of EUR 80 million to counterbalanc<span class=\"_ _0\"></span>e potential higher futur<span class=\"_ _4\"></span>e interest c<span class=\"_ _0\"></span>osts on their loans.  All those sw<span class=\"_ _4\"></span>aps have an initial t<span class=\"_ _0\"></span>erm of 7 y<span class=\"_ _0\"></span>ears. These actions ar<span class=\"_ _0\"></span>e in line with the r<span class=\"_ _0\"></span>elated policy of C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies aiming to ensur<span class=\"_ _4\"></span>e that a portion of<span class=\"_ _8\"></span> their loans and borro<span class=\"_ _4\"></span>wings are at fix<span class=\"_ _0\"></span>ed rat<span class=\"_ _0\"></span>es. The f<span class=\"_ _0\"></span>air value of an int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e is determined b<span class=\"_ _4\"></span>y discounting its future cash flo<span class=\"_ _0\"></span>ws using term structur<span class=\"_ _4\"></span>e of interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es at the reporting da<span class=\"_ _0\"></span>te and the cr<span class=\"_ _0\"></span>edit risk inher<span class=\"_ _0\"></span>ent in the sw<span class=\"_ _0\"></span>ap contr<span class=\"_ _0\"></span>act, if any<span class=\"_ _1\"></span>. The int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e entered into f<span class=\"_ _0\"></span>or periods consis<span class=\"_ _0\"></span>tent with the e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e of the underlying debt instruments but ar<span class=\"_ _0\"></span>e not designated as cash flo<span class=\"_ _0\"></span>w hedges since the timing and amount t<span class=\"_ _0\"></span>erms in<span class=\"_ _0\"></span>volv<span class=\"_ _4\"></span>ed in the swap contr<span class=\"_ _0\"></span>acts do not e<span class=\"_ _0\"></span>xactly mat<span class=\"_ _0\"></span>ch those of the underlying debt instruments; ther<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, a hedging r<span class=\"_ _0\"></span>elationship as described in IFRS is not established. Consequently<span class=\"_ _1\"></span>, the valuation of such int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts is included in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. Hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hold deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e financial instruments f<span class=\"_ _0\"></span>or cash flow and f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges.  The abo<span class=\"_ _4\"></span>vementioned derivativ<span class=\"_ _4\"></span>e financial instruments co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er risks from:  \u2022 <span class=\"_ _23\"> </span>Changes in the pric<span class=\"_ _0\"></span>es of metals list<span class=\"_ _0\"></span>ed in LME. \u2022 <span class=\"_ _23\"> </span>Fluctua<span class=\"_ _0\"></span>tions of for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es. The maturity and the nominal v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es held by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies, in principle, mat<span class=\"_ _0\"></span>ch the maturity and nominal v<span class=\"_ _0\"></span>alue of the underlying assets / liabilities (hedged items<span class=\"_ _0\"></span>). Derivativ<span class=\"_ _4\"></span>es held by Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies c<span class=\"_ _0\"></span>oncern mainly:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>uture c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts to hedge the risk fr<span class=\"_ _0\"></span>om the change of the price of metals lis<span class=\"_ _0\"></span>ted in LME (London Metal Ex<span class=\"_ _0\"></span>change) and used in pr<span class=\"_ _4\"></span>oduction of Cenergy Holdings\u2019 companies in the cables segment (i.<span class=\"_ _0\"></span>e., mainly c<span class=\"_ _0\"></span>opper and aluminium). Such hedges are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>oreign ex<span class=\"_ _4\"></span>change forwards t<span class=\"_ _0\"></span>o hedge the risk fr<span class=\"_ _0\"></span>om the change in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e of US Dollar and British Pound (i.e., curr<span class=\"_ _4\"></span>encies to which Cenergy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ar<span class=\"_ _0\"></span>e mainly exposed). Such hedges ar<span class=\"_ _4\"></span>e either designated<span class=\"_ _8\"></span> as fair v<span class=\"_ _0\"></span>alue or cash flo<span class=\"_ _0\"></span>w hedges depending on the item hedged. F<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, when used for hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _4\"></span>ables denominated in for<span class=\"_ _0\"></span>eign currency ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> designated as f<span class=\"_ _0\"></span>air value hedges. F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change forw<span class=\"_ _0\"></span>ards, when used f<span class=\"_ _0\"></span>or hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on the for<span class=\"_ _0\"></span>ecasted sales of goods or pur<span class=\"_ _4\"></span>chase of materials, are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. Derivativ<span class=\"_ _4\"></span>es are rec<span class=\"_ _0\"></span>ognised when Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ent<span class=\"_ _0\"></span>er into the tr<span class=\"_ _4\"></span>ansaction in order to hedge the fair v<span class=\"_ _0\"></span>alue of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, liabilities or commitments (f<span class=\"_ _0\"></span>air value hedges<span class=\"_ _4\"></span>) or highly probable transactions (<span class=\"_ _4\"></span>cash flow hedges). F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. Cash flow hedges  The eff<span class=\"_ _0\"></span>ective portion of change in f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as a cash flo<span class=\"_ _0\"></span>w hedge is r<span class=\"_ _0\"></span>ecognised in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (<span class=\"_ _4\"></span>OCI), under \u201cHedging Reserve\u201d. The gain or los<span class=\"_ _0\"></span>s on the non-effectiv<span class=\"_ _4\"></span>e proportion is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded to the pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecor<span class=\"_ _4\"></span>ded in \u201cHedging Reserve\u201d ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified to the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss of the period when the ev<span class=\"_ _4\"></span>ent hedged occurs, i.e. at the dat<span class=\"_ _0\"></span>e when the for<span class=\"_ _4\"></span>ecasted transaction which c<span class=\"_ _0\"></span>onstitutes the object of the hedge took place or the hedged it<span class=\"_ _0\"></span>em affects pr<span class=\"_ _4\"></span>ofit and loss (for ex<span class=\"_ _0\"></span>ample, in case of a forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sale of aluminium, the reserv<span class=\"_ _4\"></span>e is recognised in Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss aft<span class=\"_ _0\"></span>er the net cash settlement of future c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act and at the date the aluminium sold). When a hedge item is sold or when the hedging pr<span class=\"_ _0\"></span>oportion no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, the amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d remain as a reserv<span class=\"_ _4\"></span>e and are reclas<span class=\"_ _0\"></span>sified to the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged asset aff<span class=\"_ _0\"></span>ects pr<span class=\"_ _0\"></span>ofits or losses. In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction, which is no longer expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ealized, the amounts recor<span class=\"_ _4\"></span>ded<span class=\"_ _8\"></span> in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss.  The change in f<span class=\"_ _0\"></span>air value r<span class=\"_ _4\"></span>ecognized in equity under cash flo<span class=\"_ _0\"></span>w hedging on 31 December 2022 will be r<span class=\"_ _4\"></span>ecycled to the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s during 2023 and the long term portion during 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4, in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the maturity date of the deriv<span class=\"_ _4\"></span>atives used, when the hedged e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents are e<span class=\"_ _4\"></span>xpected to occur (the for<span class=\"_ _4\"></span>ecasted transactions will take plac<span class=\"_ _0\"></span>e or the hedged items will aff<span class=\"_ _0\"></span>ect profit or los<span class=\"_ _0\"></span>s). Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedge at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely) the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedge b<span class=\"_ _4\"></span>y applying the dollar offset method on a<span class=\"_ _8\"></span> cumulativ<span class=\"_ _0\"></span>e basis is ex<span class=\"_ _0\"></span>amined. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies\u2019 r<span class=\"_ _0\"></span>esults fr<span class=\"_ _0\"></span>om the hedging activities rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed for metal futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts in \u201cRe<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue\u201d and \u201cCos<span class=\"_ _0\"></span>t of sales\u201d.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss ar<span class=\"_ _0\"></span>e the follo<span class=\"_ _0\"></span>wing:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  Gain / (loss) on futur<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts <span class=\"_ _1d8\"> </span>1,934 <span class=\"_ _aa\"> </span>(14,<span class=\"_ _0\"></span>166)  Gain / (loss) on for<span class=\"_ _4\"></span>eign exchange f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts <span class=\"_ _fa\"> </span>7<span class=\"_ _1\"></span>,579 <span class=\"_ _c9\"> </span>(189)  T<span class=\"_ _1\"></span>otal <span class=\"_ _c8\"> </span>12,881 <span class=\"_ _1ad\"> </span>(14,355) The v<span class=\"_ _0\"></span>aluation of futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts used for cash flow hedging and r<span class=\"_ _0\"></span>ecognized in other c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (Hedging reserv<span class=\"_ _4\"></span>e) on 31 December 2022 will be r<span class=\"_ _4\"></span>ecognized in profit or los<span class=\"_ _0\"></span>s during the ne<span class=\"_ _0\"></span>xt financial y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>, while<span class=\"_ _8\"></span> the valuation of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change forwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts will be r<span class=\"_ _0\"></span>ecy<span class=\"_ _0\"></span>cled to the c<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tatement of pr<span class=\"_ _4\"></span>ofit or loss<span class=\"_ _8\"></span> during 2023 and 202<span class=\"_ _4\"></span>4, in accordanc<span class=\"_ _0\"></span>e with the maturity dat<span class=\"_ _0\"></span>e of the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es used. 24. Capital and r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es  A. Share capital and share pr<span class=\"_ _0\"></span>emium  The outstanding shar<span class=\"_ _4\"></span>e capital and number of shares of the Company ar<span class=\"_ _4\"></span>e as follows: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>otal outstanding share capital: EUR 117<span class=\"_ _1\"></span>,892,<span class=\"_ _4\"></span>172.38; and<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>otal number of shares: 190,<span class=\"_ _4\"></span>162,681.<span class=\"_ _8\"></span> The shar<span class=\"_ _0\"></span>es of the Compan<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e no nominal value. Holders of shar<span class=\"_ _0\"></span>es are entitled t<span class=\"_ _0\"></span>o one v<span class=\"_ _0\"></span>ote per shar<span class=\"_ _0\"></span>e at the shareholders meetings of the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Share pr<span class=\"_ _4\"></span>emium of the Company amounts to EUR 58,600 thousand. B. Nature and purpose of r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es a) Statutory r<span class=\"_ _0\"></span>eserve Pursuant to the Belgian tax legislation, the companies ar<span class=\"_ _4\"></span>e obliged, from their fiscal year pr<span class=\"_ _4\"></span>ofits, to form 5% as a legal reserv<span class=\"_ _4\"></span>e until it reaches 10% of their paid share capital. T<span class=\"_ _0\"></span>he distribution of the legal r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e is pr<span class=\"_ _0\"></span>ohibited.  Pursuant to Gr<span class=\"_ _0\"></span>eek compan<span class=\"_ _0\"></span>y law<span class=\"_ _4\"></span>, the companies ar<span class=\"_ _0\"></span>e obliged to alloca<span class=\"_ _0\"></span>te each y<span class=\"_ _0\"></span>ear at least 5% of its annual net pr<span class=\"_ _4\"></span>ofits<span class=\"_ _8\"></span> to its statut<span class=\"_ _0\"></span>ory r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e, until this r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e equals at least 1/3 of the c<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s share capital. The distribution of the statutory r<span class=\"_ _4\"></span>eserve is prohibit<span class=\"_ _0\"></span>ed but it can be used to offset los<span class=\"_ _0\"></span>ses.  b) Hedging r<span class=\"_ _0\"></span>eserve The hedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e includes the effectiv<span class=\"_ _4\"></span>e portion of the cumulative net change in the fair v<span class=\"_ _0\"></span>alue of hedging instruments used in cash flo<span class=\"_ _0\"></span>w hedges pending subsequent rec<span class=\"_ _0\"></span>ognition in pr<span class=\"_ _0\"></span>ofit or loss as the hedged cash flo<span class=\"_ _0\"></span>ws affect pr<span class=\"_ _0\"></span>ofit or loss. c) FVOCI res<span class=\"_ _0\"></span>erve This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of IFRS 9 r<span class=\"_ _0\"></span>egarding the tr<span class=\"_ _4\"></span>eatment of<span class=\"_ _8\"></span> other inv<span class=\"_ _4\"></span>estments classified as FVOCI. d) Special reserves  This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of certain de<span class=\"_ _4\"></span>velopmental law<span class=\"_ _0\"></span>s, which wer<span class=\"_ _4\"></span>e granting tax benefits to companies that in<span class=\"_ _4\"></span>vested their r<span class=\"_ _4\"></span>etained earnings rather than distribute them t<span class=\"_ _0\"></span>o the shareholders. Mor<span class=\"_ _4\"></span>e specifically<span class=\"_ _4\"></span>, the aforementioned r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es either hav<span class=\"_ _4\"></span>e exhausted their inc<span class=\"_ _0\"></span>ome tax liability or hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> been permanently ex<span class=\"_ _4\"></span>empted from inc<span class=\"_ _0\"></span>ome tax, after the lapse of a specified period beginning fr<span class=\"_ _0\"></span>om the completion of the inv<span class=\"_ _4\"></span>estments they conc<span class=\"_ _0\"></span>ern. e) T<span class=\"_ _1\"></span>ax e<span class=\"_ _4\"></span>xempt reserv<span class=\"_ _0\"></span>es This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of certain tax la<span class=\"_ _0\"></span>ws and ar<span class=\"_ _4\"></span>e ex<span class=\"_ _0\"></span>empt from inc<span class=\"_ _0\"></span>ome tax, pr<span class=\"_ _0\"></span>ovided tha<span class=\"_ _0\"></span>t they ar<span class=\"_ _4\"></span>e not distributed to the shar<span class=\"_ _0\"></span>eholders. In case these reserv<span class=\"_ _4\"></span>es are distributed, they will be tax<span class=\"_ _4\"></span>ed using the tax rate applying at such time<span class=\"_ _0\"></span>. f) T<span class=\"_ _4\"></span>ranslation reserv<span class=\"_ _0\"></span>e  The tr<span class=\"_ _0\"></span>anslation r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e comprises all f<span class=\"_ _0\"></span>oreign curr<span class=\"_ _4\"></span>ency differenc<span class=\"_ _0\"></span>es arising from the tr<span class=\"_ _4\"></span>anslation of the financial<span class=\"_ _8\"></span> statements of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions. C. Reconciliation of r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es  <span class=\"_ _212\"> </span> Amounts in EUR thousand <span class=\"_ _f9\"> </span>Statutory reserve Hedging reserv<span class=\"_ _4\"></span>e FV<span class=\"_ _4\"></span>OCI reserve Special reserves T<span class=\"_ _1\"></span>ax ex<span class=\"_ _4\"></span>empt reserves T<span class=\"_ _0\"></span>ransla<span class=\"_ _0\"></span>tion reserve<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January 2021 <span class=\"_ _f8\"> </span>7<span class=\"_ _4\"></span>,712 <span class=\"_ _29\"> </span>(1,630) <span class=\"_ _45\"> </span>640 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _63\"> </span>36,318 <span class=\"_ _64\"> </span>(21,876) <span class=\"_ _5f\"> </span>30,427  Other compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome,   net of tax <span class=\"_ _120\"> </span>-  <span class=\"_ _57\"> </span>107 <span class=\"_ _63\"> </span>156 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _1ef\"> </span>-  <span class=\"_ _4c\"> </span>643 <span class=\"_ _5e\"> </span><span class=\"ff1a\">906</span>  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>er of reserv<span class=\"_ _4\"></span>es <span class=\"_ _1b4\"> </span>1,10<span class=\"_ _0\"></span>7 <span class=\"_ _1a2\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _1c2\"> </span>-  <span class=\"_ _1c2\"> </span>660 <span class=\"_ _1f9\"> </span>-  <span class=\"_ _35\"> </span><span class=\"ff1a ls1b ws79\">1,767<span class=\"_ _8\"></span></span>  Acquisition of non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ests<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>17 <span class=\"_ _43\"> </span>3 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _1c2\"> </span>-  <span class=\"_ _e4\"> </span>38 <span class=\"_ _34\"> </span>(100) <span class=\"_ _75\"> </span><span class=\"ff1a\">(41)</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _21\"> </span>8,836 <span class=\"_ _93\"> </span>(1,519) <span class=\"_ _57\"> </span>796 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _db\"> </span>37<span class=\"_ _1\"></span>,016 <span class=\"_ _e9\"> </span>(21,333) <span class=\"_ _81\"> </span>33,<span class=\"_ _0\"></span>059  Balance on 1 January 2022 <span class=\"_ _21f\"> </span>8,836 <span class=\"_ _93\"> </span>(1,519) <span class=\"_ _57\"> </span>796 <span class=\"_ _99\"> </span>9,263 <span class=\"_ _db\"> </span>37<span class=\"_ _4\"></span>,016 <span class=\"_ _64\"> </span>(21,333) <span class=\"_ _81\"> </span>33,05<span class=\"_ _0\"></span>9  Other compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome,   net of tax <span class=\"_ _120\"> </span>-  <span class=\"_ _78\"> </span>2,380 <span class=\"_ _61\"> </span>496 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _9a\"> </span>59<span class=\"_ _0\"></span>7 <span class=\"_ _5c\"> </span><span class=\"ff1a\">3,4<span class=\"_ _0\"></span>73<span class=\"ff19\"> </span></span> T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>er of reserv<span class=\"_ _4\"></span>es <span class=\"_ _112\"> </span>1,968 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _db\"> </span>(660) <span class=\"_ _1f9\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">1,308</span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _71\"> </span>10,80<span class=\"_ _0\"></span>3 <span class=\"_ _9d\"> </span>860 <span class=\"_ _94\"> </span>1,291 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _57\"> </span>36,356 <span class=\"_ _99\"> </span>(20,7<span class=\"_ _0\"></span>35) <span class=\"_ _5d\"> </span>3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,83925. Capital management<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 policy consis<span class=\"_ _0\"></span>ts in maintaining a str<span class=\"_ _0\"></span>ong capital structur<span class=\"_ _0\"></span>e to k<span class=\"_ _0\"></span>eep the confidenc<span class=\"_ _0\"></span>e of inv<span class=\"_ _4\"></span>estors, credit<span class=\"_ _0\"></span>ors and the mark<span class=\"_ _0\"></span>et and enable the future de<span class=\"_ _4\"></span>velopment of its activities. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors closely monitors the r<span class=\"_ _0\"></span>eturn on capital and the le<span class=\"_ _0\"></span>vel of dividends dis<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o holders of ordinary shar<span class=\"_ _4\"></span>es.<span class=\"_ _8\"></span> The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors tries t<span class=\"_ _0\"></span>o maintain an equilibrium betw<span class=\"_ _0\"></span>een higher returns tha<span class=\"_ _0\"></span>t would be f<span class=\"_ _0\"></span>easible through higher borro<span class=\"_ _4\"></span>wing levels and the adv<span class=\"_ _4\"></span>antages and security offered b<span class=\"_ _0\"></span>y a str<span class=\"_ _0\"></span>ong and r<span class=\"_ _0\"></span>obust capital structur<span class=\"_ _0\"></span>e. In this conte<span class=\"_ _4\"></span>xt, the Board of Direct<span class=\"_ _0\"></span>ors monitors the R<span class=\"_ _0\"></span>eturn on Capital Emplo<span class=\"_ _0\"></span>yed (R<span class=\"_ _0\"></span>OCE) inde<span class=\"_ _0\"></span>x defined as EBIT (result of the period (earnings aft<span class=\"_ _0\"></span>er tax) befor<span class=\"_ _4\"></span>e income taxes &amp; net financ<span class=\"_ _0\"></span>e costs<span class=\"_ _0\"></span>) divided b<span class=\"_ _0\"></span>y total Capital Emplo<span class=\"_ _4\"></span>yed, (i.e., equity and debt).  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit f<span class=\"_ _0\"></span>or the period <span class=\"_ _220\"> </span>60,420 <span class=\"_ _b1\"> </span>22,0<span class=\"_ _4\"></span>79  Income tax <span class=\"_ _a9\"> </span>9,536 <span class=\"_ _204\"> </span>8,434  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _ac\"> </span>36,462 <span class=\"_ _b1\"> </span>28,985  EBIT <span class=\"_ _139\"> </span>106,418 <span class=\"_ _124\"> </span>59,498  Equity <span class=\"_ _b8\"> </span>341,631 <span class=\"_ _d7\"> </span>277<span class=\"_ _4\"></span>,541  Long term debt (incl. Lease liabilities<span class=\"_ _0\"></span>) <span class=\"_ _ff\"> </span>129,393 <span class=\"_ _aa\"> </span>177<span class=\"_ _4\"></span>,020  Short term debt (incl. Lease liabilities<span class=\"_ _0\"></span>) <span class=\"_ _177\"> </span>4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5,97<span class=\"_ _0\"></span>2 <span class=\"_ _124\"> </span>216,915  Capital employ<span class=\"_ _4\"></span>ed <span class=\"_ _13e\"> </span>946,997 <span class=\"_ _221\"> </span>671,477  ROCE <span class=\"_ _222\"> </span>11.2% <span class=\"_ _bc\"> </span>8.9% 26. Debt<span class=\"_ _8\"></span> A. Overvie<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current liabilities <span class=\"_ _223\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>3,530 <span class=\"_ _163\"> </span>5,791  Unsecured bank loans <span class=\"_ _1e9\"> </span>-  <span class=\"_ _204\"> </span>5,219  Secured bond issues <span class=\"_ _16b\"> </span>32,427 <span class=\"_ _af\"> </span>35,698  Unsecured bond issues <span class=\"_ _224\"> </span>91,204 <span class=\"_ _12e\"> </span>128,233  Loans and borro<span class=\"_ _0\"></span>wings - Long t<span class=\"_ _0\"></span>erm <span class=\"_ _225\"> </span>127<span class=\"_ _1\"></span>,161 <span class=\"_ _12e\"> </span>17<span class=\"_ _4\"></span>4,941  Lease liabilities - Long term <span class=\"_ _226\"> </span>2,233 <span class=\"_ _122\"> </span>2,080  T<span class=\"_ _1\"></span>otal long term debt <span class=\"_ _227\"> </span>129,393 <span class=\"_ _127\"> </span>177<span class=\"_ _4\"></span>,020<span class=\"ff19\"> </span> Current liabilities <span class=\"_ _138\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>8,454 <span class=\"_ _204\"> </span>5,4<span class=\"_ _0\"></span>70  Fact<span class=\"_ _0\"></span>oring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _15c\"> </span>14,638 <span class=\"_ _228\"> </span>7<span class=\"_ _4\"></span>,931  Unsecured bank loans <span class=\"_ _229\"> </span>367<span class=\"_ _1\"></span>,567 <span class=\"_ _aa\"> </span>170,<span class=\"_ _0\"></span>796  Current portion of secur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _3f\"> </span>4,358 <span class=\"_ _204\"> </span>4,385  Current portion of unsecur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _8a\"> </span>71,809 <span class=\"_ _ec\"> </span>18,326  Current portion of secur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22a\"> </span>2,651 <span class=\"_ _204\"> </span>3,058  Current portion of unsecur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22b\"> </span>5,273 <span class=\"_ _e8\"> </span>5,733  Loans and borro<span class=\"_ _0\"></span>wings - Short term <span class=\"_ _22c\"> </span>47<span class=\"_ _1\"></span>4,7<span class=\"_ _4\"></span>49 <span class=\"_ _127\"> </span>215,699  Lease liabilities - Short term <span class=\"_ _72\"> </span>1,224 <span class=\"_ _bc\"> </span>1,216  T<span class=\"_ _1\"></span>otal Short term debt <span class=\"_ _16d\"> </span>475,9<span class=\"_ _0\"></span>72 <span class=\"_ _12e\"> </span>216,915  T<span class=\"_ _1\"></span>otal Debt <span class=\"_ _1e3\"> </span>605,366 <span class=\"_ _1ed\"> </span>393,935<span class=\"ff19\"> </span>Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate, for<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and liquidity risk is included in Note 30<span class=\"_ _0\"></span>. The maturities of non-curr<span class=\"_ _4\"></span>ent loans are as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _156\"> </span>30,67<span class=\"_ _0\"></span>3 <span class=\"_ _12f\"> </span>78,110  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _22d\"> </span>89,593 <span class=\"_ _10b\"> </span>71,19<span class=\"_ _0\"></span>3  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>9,128 <span class=\"_ _12f\"> </span>27<span class=\"_ _1\"></span>,717  T<span class=\"_ _1\"></span>otal <span class=\"_ _c2\"> </span>129,39<span class=\"_ _0\"></span>3 <span class=\"_ _c0\"> </span>177<span class=\"_ _1\"></span>,020 The eff<span class=\"_ _0\"></span>ective w<span class=\"_ _4\"></span>eighted av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates of the main ca<span class=\"_ _0\"></span>tegories of loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings at the r<span class=\"_ _0\"></span>eporting date are as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:  <span class=\"_ _22e\"> </span>31 December 2022 <span class=\"_ _137\"> </span>31 December 20<span class=\"_ _0\"></span>21<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _1bf\"> </span>Carrying amount <span class=\"_ _57\"> </span>Interes<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate <span class=\"_ _db\"> </span>Carrying amount <span class=\"_ _86\"> </span>Interest r<span class=\"_ _0\"></span>ate<span class=\"_ _8\"></span>  Bank lending (non-current) - EUR <span class=\"_ _ec\"> </span>3,530 <span class=\"_ _41\"> </span>2.9% <span class=\"_ _ec\"> </span>11,<span class=\"_ _0\"></span>010 <span class=\"_ _5b\"> </span>2.8%  Bank lending (curr<span class=\"_ _0\"></span>ent) - EUR <span class=\"_ _d0\"> </span>393,29<span class=\"_ _0\"></span>7 <span class=\"_ _13\"> </span>4.6% <span class=\"_ _1ad\"> </span>190,37<span class=\"_ _0\"></span>5 <span class=\"_ _22f\"> </span>3.4%  Bank lending (curr<span class=\"_ _0\"></span>ent) - GBP <span class=\"_ _230\"> </span>-  <span class=\"_ _127\"> </span>-  <span class=\"_ _1db\"> </span>1 <span class=\"_ _22f\"> </span>3.0%  Bank lending (curr<span class=\"_ _0\"></span>ent) - RON <span class=\"_ _116\"> </span>5,285 <span class=\"_ _f0\"> </span>9.7% <span class=\"_ _cb\"> </span>2,613 <span class=\"_ _5b\"> </span>3.8%  Bond issues - EUR <span class=\"_ _231\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _41\"> </span>4.7% <span class=\"_ _a8\"> </span>186,641 <span class=\"_ _5b\"> </span>3.8%During 2022, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries obtained ne<span class=\"_ _0\"></span>w bank loans amounting to EUR 2<span class=\"_ _4\"></span>45.6 million and paid<span class=\"_ _8\"></span> back loans of EUR 38.5 million maturing within the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. New loans ar<span class=\"_ _0\"></span>e mainly: (a) dr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>wns from e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> re<span class=\"_ _4\"></span>volving credit lines and ne<span class=\"_ _4\"></span>w ones that have similar t<span class=\"_ _0\"></span>erms and conditions; (b<span class=\"_ _4\"></span>) project financing facilities, and (<span class=\"_ _0\"></span>c) four ne<span class=\"_ _0\"></span>w long-term loans, described belo<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>.  Loans and borr<span class=\"_ _0\"></span>owings had an a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate of 4.<span class=\"_ _0\"></span>7% (2021: 3.6%), on the r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>. During 2022, the Gr<span class=\"_ _0\"></span>oup obtained the follo<span class=\"_ _0\"></span>wing long-term loans:  - <span class=\"_ _55\"> </span> the cables segment issued thr<span class=\"_ _0\"></span>ee bond loans of total v<span class=\"_ _0\"></span>alue EUR 27 million as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>ulgor enter<span class=\"_ _0\"></span>ed an agr<span class=\"_ _0\"></span>eement with a Greek bank f<span class=\"_ _0\"></span>or a bond loan of EUR 5 million with an initial 5-y<span class=\"_ _4\"></span>ear term<span class=\"_ _8\"></span> from the dat<span class=\"_ _0\"></span>e of signing. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed an agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 7 million t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er capital e<span class=\"_ _0\"></span>xpenditure needs. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed another agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 15 million to co<span class=\"_ _4\"></span>ver cons<span class=\"_ _0\"></span>tant working capital. - <span class=\"_ _55\"> </span>the steel Pipes segment is<span class=\"_ _0\"></span>sued one bond loan of total v<span class=\"_ _0\"></span>alue EUR 7 million: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks entered an agr<span class=\"_ _0\"></span>eement with a major Gr<span class=\"_ _0\"></span>eek bank for a 7<span class=\"_ _0\"></span>-y<span class=\"_ _4\"></span>ear bond loan of EUR 7 million.<span class=\"_ _8\"></span> All the abov<span class=\"_ _4\"></span>e long term bond loans are fully dr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>wn.  In addition, Fulgor has agreed with a major Gr<span class=\"_ _4\"></span>eek bank for a bond loan of EUR 19 million with an initial 7-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear term from the dat<span class=\"_ _0\"></span>e of signing.  On 31 December 20<span class=\"_ _0\"></span>22, an equal amount was r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y the bank as \u2018bridge financing\u2019 and present<span class=\"_ _0\"></span>ed as short-term loan. T<span class=\"_ _0\"></span>he bond loan agr<span class=\"_ _0\"></span>eement is expect<span class=\"_ _0\"></span>ed to be signed during the firs<span class=\"_ _0\"></span>t months of 2023, upon the conclusion of the r<span class=\"_ _4\"></span>elevant negotiations. Short-term facilities ar<span class=\"_ _4\"></span>e predominately r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>olving credit f<span class=\"_ _0\"></span>acilities, funding w<span class=\"_ _0\"></span>orking capital needs, and project financing facilities for specific ongoing and ne<span class=\"_ _4\"></span>w projects. On 31 December 2022, C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _4\"></span>ent liabilities ex<span class=\"_ _0\"></span>ceeded c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _0\"></span>ent assets b<span class=\"_ _0\"></span>y EUR 85.8 million (31 December 2021: EUR 38.2 million).  Ne<span class=\"_ _4\"></span>vertheless, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ha<span class=\"_ _0\"></span>ve ne<span class=\"_ _4\"></span>ver in the past e<span class=\"_ _0\"></span>xperienced an<span class=\"_ _0\"></span>y issues in financing their activities, r<span class=\"_ _0\"></span>enewing their w<span class=\"_ _4\"></span>orking capital lines or refinancing long-term loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings. Management expects tha<span class=\"_ _0\"></span>t any mandat<span class=\"_ _0\"></span>ory repa<span class=\"_ _0\"></span>yment of banking facilities will be met with operating cash flo<span class=\"_ _4\"></span>ws or from curr<span class=\"_ _0\"></span>ently unutilized and c<span class=\"_ _0\"></span>ommitted cr<span class=\"_ _4\"></span>edit lines.  Regarding the funding of project-based activities, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e secured the necessary funds thr<span class=\"_ _0\"></span>ough pr<span class=\"_ _0\"></span>oject finance f<span class=\"_ _0\"></span>acilities. Mortgages in fa<span class=\"_ _4\"></span>vor of banks hav<span class=\"_ _4\"></span>e been recor<span class=\"_ _0\"></span>ded on propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant and equipment of subsidiaries. The carrying amount of assets mortgaged is EUR 4<span class=\"_ _0\"></span>9 million. In the bank loan agreements of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ther<span class=\"_ _0\"></span>e are clauses of change of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol that pr<span class=\"_ _0\"></span>ovide lenders with an early redemption right. Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>as no breach of c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants incident in 2022 on the loans of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. B. Reconciliation of mo<span class=\"_ _4\"></span>vements of liabilities to cash flo<span class=\"_ _4\"></span>ws arising from financing activities  <span class=\"_ _232\"> </span> <span class=\"_ _d\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _80\"> </span> <span class=\"_ _9c\"> </span> 2021<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _5b\"> </span> <span class=\"_ _172\"> </span>Loans &amp; borro<span class=\"_ _0\"></span>wings Lease <span class=\"_ _9\"> </span>liabilities T<span class=\"_ _1\"></span>otal <span class=\"_ _42\"> </span> Loans &amp; <span class=\"_ _c\"> </span>borrowings Lease liabilities<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _12f\"> </span>390<span class=\"_ _0\"></span>,640 <span class=\"_ _199\"> </span>3,296 <span class=\"_ _e9\"> </span>393,935 <span class=\"_ _44\"> </span>406,217 <span class=\"_ _63\"> </span>5,433 <span class=\"_ _35\"> </span>411,650  Changes from financing cash flo<span class=\"_ _0\"></span>ws:<span class=\"ff21\"> <span class=\"_ _233\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _113\"> </span>  <span class=\"_ _40\"> </span>  <span class=\"_ _194\"> </span> <span class=\"_ _6e\"></span> </span> Proc<span class=\"_ _0\"></span>eeds from ne<span class=\"_ _0\"></span>w borr<span class=\"_ _0\"></span>owings <span class=\"_ _a1\"> </span>2<span class=\"_ _0\"></span>45,631 <span class=\"_ _18a\"> </span>-  <span class=\"_ _193\"> </span><span class=\"ff20\">245,6<span class=\"_ _0\"></span>31<span class=\"ff21\"> <span class=\"_ _19a\"> </span>89,315 <span class=\"_ _1c4\"> </span>-  <span class=\"_ _85\"> </span></span>89,315<span class=\"ff21\"> </span></span> Repayment of borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings <span class=\"_ _234\"> </span>(38,533) <span class=\"_ _3e\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff20\">(38,533)</span> <span class=\"_ _89\"> </span>(108,<span class=\"_ _4\"></span>104) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _4b\"> </span><span class=\"ff20\">(108,<span class=\"_ _0\"></span>104)<span class=\"ff21\"> </span></span> Principal elements of lease payments<span class=\"fc6 sc0\"> </span><span class=\"_ _90\"> </span>-  <span class=\"_ _91\"> </span>(1,299) <span class=\"_ _75\"> </span><span class=\"ff20\">(1,299)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _94\"> </span>(1,7<span class=\"_ _4\"></span>47) <span class=\"_ _e9\"> </span><span class=\"ff20\">(1,7<span class=\"_ _1\"></span>47) </span> T<span class=\"_ _1\"></span>otal changes from financing   cash flow<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span>207<span class=\"_ _1\"></span>,098 <span class=\"_ _5e\"> </span>(1,299) <span class=\"_ _193\"> </span>205,799 <span class=\"_ _f6\"> </span>(18,7<span class=\"_ _0\"></span>89) <span class=\"_ _22\"> </span>(1,7<span class=\"_ _1\"></span>47) <span class=\"_ _29\"> </span>(20,536)  Other changes: <span class=\"_ _11c\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _6\"> </span> <span class=\"_ _8b\"> </span> <span class=\"_ _39\"> </span>   New leases <span class=\"_ _236\"> </span>-  <span class=\"_ _9c\"> </span>1,597 <span class=\"_ _44\"> </span><span class=\"ff20\">1,597</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _34\"> </span>909 <span class=\"_ _34\"> </span><span class=\"ff20\">909</span>  Effect of changes in for<span class=\"_ _0\"></span>eign   ex<span class=\"_ _4\"></span>change rates <span class=\"_ _237\"> </span>145 <span class=\"_ _165\"> </span>25 <span class=\"_ _19a\"> </span><span class=\"ff20 ls1b ws79\">170</span><span class=\"wsb2\"> <span class=\"_ _38\"> </span>(75) 6 <span class=\"_ _238\"></span><span class=\"ff20 ws1\">(70) </span></span> Capitalised borro<span class=\"_ _0\"></span>wing cos<span class=\"_ _0\"></span>ts <span class=\"_ _c0\"> </span>344 <span class=\"_ _3e\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff20\">344</span> <span class=\"_ _88\"> </span>522 <span class=\"_ _e2\"> </span>-  <span class=\"_ _4a\"> </span><span class=\"ff20 ls50 ws69\">522</span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense <span class=\"_ _239\"> </span>19,203 <span class=\"_ _1cd\"> </span>226 <span class=\"_ _1a9\"> </span><span class=\"ff20\">19,429</span><span class=\"wsb3\"> <span class=\"_ _19f\"> </span>16,379 20<span class=\"_ _0\"></span>7 <span class=\"_ _1a5\"></span><span class=\"ff20 ws1\">16,585<span class=\"ff21\"> </span></span></span> Inter<span class=\"_ _0\"></span>est paid <span class=\"_ _23a\"> </span>(15,520) <span class=\"_ _92\"> </span>(226) <span class=\"_ _e9\"> </span>(15,7<span class=\"_ _1\"></span>46)<span class=\"ff21 wsb4\"> <span class=\"_ _b\"> </span>(14,288) (207) <span class=\"_ _23b\"></span><span class=\"ff20 ws1\">(14,495) </span></span> T<span class=\"_ _1\"></span>erminations <span class=\"_ _47\"> </span>-  <span class=\"_ _9c\"> </span>(192) <span class=\"_ _44\"> </span><span class=\"ff20\">(192)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _89\"> </span>(173) <span class=\"_ _3c\"> </span><span class=\"ff20\">(173) </span> Modifications <span class=\"_ _23c\"> </span>-  <span class=\"_ _197\"> </span>31 <span class=\"_ _18d\"> </span><span class=\"ff20\">31</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span><span class=\"ff20\">- <span class=\"_ _1\"></span><span class=\"ff21\"> </span></span> Other mov<span class=\"_ _4\"></span>ement  <span class=\"_ _23d\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span> <span class=\"_ _165\"> </span>(459) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff20\">(459) </span> Reclassifications <span class=\"_ _23e\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span><span class=\"wsb5\"> <span class=\"_ _35\"> </span>1,<span class=\"_ _0\"></span>132 (1,<span class=\"_ _0\"></span>132) <span class=\"_ _7c\"> </span><span class=\"ff20 ws1\">- <span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span> <span class=\"_ _23f\"> </span>4,<span class=\"_ _0\"></span>172 <span class=\"_ _9\"> </span>1,460 <span class=\"_ _c\"> </span>5,632 <span class=\"_ _8b\"> </span>3,212 <span class=\"_ _39\"> </span>(391) 2,821  Balance on 31 December <span class=\"_ _20f\"> </span>601,909 <span class=\"_ _9c\"> </span>3,45<span class=\"_ _0\"></span>7 <span class=\"_ _80\"> </span>605,366 <span class=\"_ _9c\"> </span>390,640 <span class=\"_ _3c\"> </span>3,296 <span class=\"_ _8d\"> </span>393,9<span class=\"_ _0\"></span>3527<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rade and other pa<span class=\"_ _0\"></span>yables  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Suppliers <span class=\"_ _1d8\"> </span> <span class=\"_ _12e\"> </span>282,855 <span class=\"_ _122\"> </span>169,388  Notes pay<span class=\"_ _4\"></span>able <span class=\"_ _240\"> </span> <span class=\"_ _1d4\"> </span>216,958 <span class=\"_ _cb\"> </span>214,722  Social security contributions <span class=\"_ _1b9\"> </span>11 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _147\"> </span>2,366  Amounts due to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _f\"> </span>35 <span class=\"_ _c9\"> </span>11,578 <span class=\"_ _102\"> </span>12,525  Sundry credit<span class=\"_ _0\"></span>ors <span class=\"_ _3f\"> </span> <span class=\"_ _111\"> </span>4,059 <span class=\"_ _d0\"> </span>2,932  Ac<span class=\"_ _0\"></span>crued expenses <span class=\"_ _241\"> </span> <span class=\"_ _c7\"> </span>25,731 <span class=\"_ _228\"> </span>17<span class=\"_ _4\"></span>,990  Other taxes <span class=\"_ _1aa\"> </span> <span class=\"_ _11f\"> </span>4,611 <span class=\"_ _11f\"> </span>2,699  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _221\"> </span>549,283 <span class=\"_ _ad\"> </span>422,622 The caption \u2018not<span class=\"_ _0\"></span>es pay<span class=\"_ _0\"></span>ables\u2019 in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e conc<span class=\"_ _0\"></span>erns structur<span class=\"_ _0\"></span>ed pay<span class=\"_ _4\"></span>able arrangements relat<span class=\"_ _0\"></span>ed to pur<span class=\"_ _4\"></span>chases of<span class=\"_ _8\"></span> primary ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials, such as copper<span class=\"_ _1\"></span>, steel etc. whose pa<span class=\"_ _0\"></span>yment periods can be longer than usual for such supplies 28.<span class=\"_\"> </span>Gr<span class=\"_ _0\"></span>ants Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _157\"> </span>15,804 <span class=\"_ _163\"> </span>16,48<span class=\"_ _0\"></span>7  New gr<span class=\"_ _0\"></span>ants r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed during the y<span class=\"_ _0\"></span>ear <span class=\"_ _242\"> </span>871 <span class=\"_ _121\"> </span>42  New gr<span class=\"_ _0\"></span>ants for which r<span class=\"_ _0\"></span>eceipt is pending <span class=\"_ _82\"> </span>119 <span class=\"_ _10a\"> </span>-  Amortisation of grants <span class=\"_ _243\"> </span>8.A<span class=\"_ _163\"> </span>(1,17<span class=\"_ _1\"></span>4) <span class=\"_ _10e\"> </span>(728)  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _fc\"> </span>27 <span class=\"_ _10c\"> </span>3  Balance on 31 December <span class=\"_ _244\"> </span>15,648 <span class=\"_ _c9\"> </span>15,804 Gov<span class=\"_ _4\"></span>ernment grants hav<span class=\"_ _4\"></span>e been receiv<span class=\"_ _0\"></span>ed mainly for in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments in pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment.<span class=\"_ _8\"></span>  All conditions attached t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>ants rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings wer<span class=\"_ _4\"></span>e met on 31 December 2022. 29.<span class=\"_\"> </span>Pro<span class=\"_ _0\"></span>visions Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _ce\"> </span>2022 <span class=\"_ _1da\"> </span>2021  Balance on 1 January <span class=\"_ _158\"> </span>13,410 <span class=\"_ _10a\"> </span>-  Charge f<span class=\"_ _0\"></span>or the year <span class=\"_ _7b\"> </span>8.B<span class=\"_ _104\"> </span>665 <span class=\"_ _16c\"> </span>12,842  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _240\"> </span>821 <span class=\"_ _1db\"> </span>568  Balance on 31 December <span class=\"_ _244\"> </span>14,897 <span class=\"_ _16c\"> </span>13,410 During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>ve mentioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) for the year 20<span class=\"_ _0\"></span>21.  \u03a4he charge f<span class=\"_ _0\"></span>or 2022 r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t charged on the outs<span class=\"_ _0\"></span>tanding amount for the y<span class=\"_ _0\"></span>ear and is included in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. 30.<span class=\"_\"> </span>Financial ins<span class=\"_ _0\"></span>trumentsA.<span class=\"_\"> </span>Ac<span class=\"_ _0\"></span>counting clas<span class=\"_ _0\"></span>sifications and fair v<span class=\"_ _0\"></span>aluesThe f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the carrying amounts and fair values of financial as<span class=\"_ _0\"></span>sets and financial liabilities, including the lev<span class=\"_ _4\"></span>els in the fair value hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 31/12/2022  Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _114\"> </span>6,308 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _1f8\"> </span>6,308 <span class=\"_ _8f\"> </span><span class=\"ff1a\">6,308</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _123\"> </span>16,612 <span class=\"_ _90\"> </span>463 <span class=\"_ _71\"> </span>16,14<span class=\"_ _0\"></span>9 <span class=\"_ _1bf\"> </span>- <span class=\"_ _165\"> </span><span class=\"ff1a\">16,612</span> 22,920 <span class=\"_ _7a\"> </span>463 <span class=\"_ _4c\"> </span>16,<span class=\"_ _4\"></span>149 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _46\"> </span>22,920  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _10b\"> </span>(10,<span class=\"_ _0\"></span>790) <span class=\"_ _71\"> </span>(956) <span class=\"_ _92\"> </span>(9,833) <span class=\"_ _22f\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a\">(10,790) </span>12,<span class=\"_ _0\"></span>130 <span class=\"_ _1c2\"> </span>(493) <span class=\"_ _46\"> </span>6,315 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _165\"> </span>12,<span class=\"_ _0\"></span>13031/12/2021 <span class=\"_ _245\"> </span> <span class=\"_ _3e\"> </span>   Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _1b3\"> </span>5,812 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _e4\"> </span>5,812 <span class=\"_ _1be\"> </span><span class=\"ff1a\">5,812</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _246\"> </span>1,480 <span class=\"_ _174\"> </span>- <span class=\"_ _18d\"> </span>536 <span class=\"_ _fb\"> </span>944 <span class=\"_ _18d\"> </span><span class=\"ff1a\">1,480</span>   <span class=\"_ _247\"> </span>7<span class=\"_ _1\"></span>,293 <span class=\"_ _1fb\"> </span>- <span class=\"_ _18b\"> </span>536 <span class=\"_ _46\"> </span>6,756 <span class=\"_ _fb\"> </span>7<span class=\"_ _1\"></span>,293  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _228\"> </span>(2,596) <span class=\"_ _33\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _1fa\"> </span>(1,397) <span class=\"_ _1bf\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">(2,596) </span>  <span class=\"_ _248\"> </span>4,697 <span class=\"_ _f6\"> </span>(1,199) <span class=\"_ _1f8\"> </span>(861) <span class=\"_ _18f\"> </span>6,756 <span class=\"_ _8f\"> </span>4,69<span class=\"_ _0\"></span>7The v<span class=\"_ _0\"></span>arious le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els are as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1: Quoted prices (unadjust<span class=\"_ _0\"></span>ed) in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or identical assets and liabilities. \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2: Inputs that are observ<span class=\"_ _0\"></span>able either directly or indir<span class=\"_ _4\"></span>ectly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3: Unobservable inputs for assets and liabilities. The f<span class=\"_ _0\"></span>air value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing financial assets and liabilities measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t appro<span class=\"_ _4\"></span>ximate their carrying amount: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>Cash and cash equiv<span class=\"_ _4\"></span>alents;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>oans and borro<span class=\"_ _4\"></span>wings.<span class=\"_ _8\"></span>  Specifically<span class=\"_ _4\"></span>, the carrying amount of loans and borro<span class=\"_ _4\"></span>wings is considered as a good appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximation of their fair v<span class=\"_ _4\"></span>alue<span class=\"_ _8\"></span> as: \u2022 <span class=\"_ _23\"> </span>9<span class=\"_ _0\"></span>3.8% of consolidat<span class=\"_ _0\"></span>ed loans and borr<span class=\"_ _0\"></span>owings c<span class=\"_ _0\"></span>oncern floating-r<span class=\"_ _4\"></span>ate debt, which are a v<span class=\"_ _4\"></span>ery good approximation of current mark<span class=\"_ _4\"></span>et rates; \u2022 <span class=\"_ _23\"> </span>As f<span class=\"_ _0\"></span>or fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate ins<span class=\"_ _0\"></span>truments (EUR 36.8 million on 31 Dec 2022), the fair v<span class=\"_ _4\"></span>alue test based on current mark<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>ates indicates that their f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue determined to EUR 38.2 million.  The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation bet<span class=\"_ _0\"></span>ween opening and closing balanc<span class=\"_ _0\"></span>es for L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 financial assets,<span class=\"_ _8\"></span> which are clas<span class=\"_ _0\"></span>sified as Equity inv<span class=\"_ _4\"></span>estments at:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _249\"> </span>5,812 <span class=\"_ _204\"> </span>5,657  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 B. Measurement of fair v<span class=\"_ _4\"></span>alues<span class=\"_ _8\"></span> a) V<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echniques and significant unobserv<span class=\"_ _0\"></span>able inputs The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e traded in activ<span class=\"_ _4\"></span>e markets (st<span class=\"_ _0\"></span>ock mark<span class=\"_ _0\"></span>ets) (<span class=\"_ _4\"></span>e.g. derivativ<span class=\"_ _4\"></span>es such as futures, shares, bonds, mutual funds<span class=\"_ _0\"></span>) ar<span class=\"_ _0\"></span>e set acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the published prices (L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1 inputs) that are v<span class=\"_ _4\"></span>alid on the reporting date. T<span class=\"_ _4\"></span>he fair value of financial assets is det<span class=\"_ _0\"></span>ermined by their off<span class=\"_ _0\"></span>er price<span class=\"_ _0\"></span>, while the fair v<span class=\"_ _0\"></span>alue of financial liabilities is determined b<span class=\"_ _0\"></span>y their bid price<span class=\"_ _0\"></span>.  The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e not traded in activ<span class=\"_ _4\"></span>e markets are det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valua<span class=\"_ _0\"></span>tion techniques and standar<span class=\"_ _0\"></span>ds that ar<span class=\"_ _0\"></span>e based on market data on the r<span class=\"_ _4\"></span>eporting date. The f<span class=\"_ _0\"></span>air values of financial liabilities, f<span class=\"_ _0\"></span>or the purpose of being r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in Financial Stat<span class=\"_ _0\"></span>ements, are es<span class=\"_ _0\"></span>timated based on the present v<span class=\"_ _4\"></span>alue of the future cash flow<span class=\"_ _0\"></span>s that arise fr<span class=\"_ _0\"></span>om specific contr<span class=\"_ _0\"></span>acts using the curr<span class=\"_ _0\"></span>ent inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate tha<span class=\"_ _0\"></span>t is av<span class=\"_ _0\"></span>ailable for C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies for the use of similar financial cr<span class=\"_ _4\"></span>edit means.<span class=\"_ _8\"></span> Inputs that do not meet the respectiv<span class=\"_ _4\"></span>e criteria and cannot be classified in Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 1 but are observ<span class=\"_ _4\"></span>able, either directly or indirectly<span class=\"_ _1\"></span>, fall under Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2. Ov<span class=\"_ _0\"></span>er-the-count<span class=\"_ _0\"></span>er deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments based on prices obtained fr<span class=\"_ _0\"></span>om brok<span class=\"_ _4\"></span>ers are classified in this lev<span class=\"_ _4\"></span>el.<span class=\"_ _8\"></span>  The financial assets, such as unlis<span class=\"_ _0\"></span>ted shar<span class=\"_ _0\"></span>es or option schemes that ar<span class=\"_ _0\"></span>e not tr<span class=\"_ _0\"></span>aded in an activ<span class=\"_ _0\"></span>e market whose measurement is based either on the C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies\u2019 for<span class=\"_ _0\"></span>ecasts f<span class=\"_ _0\"></span>or the issuer\u2019s futur<span class=\"_ _0\"></span>e profitabilit<span class=\"_ _0\"></span>y or on other widely acceptable method ar<span class=\"_ _4\"></span>e classified under Lev<span class=\"_ _4\"></span>el 3.<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the valuation techniques used in measuring f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alues, as well as the significant unobservable inputs used:  <span class=\"_ _112\"> </span> <span class=\"_ _1b8\"> </span>T<span class=\"_ _4\"></span>ype <span class=\"_ _13b\"> </span> V<span class=\"_ _4\"></span>aluation technique Significant unobserv<span class=\"_ _0\"></span>able inputs Int<span class=\"_ _0\"></span>er-relationship <span class=\"_ _8\"></span>between<span class=\"_ _8\"></span>  ke<span class=\"_ _4\"></span>y unobservable inputs<span class=\"_ _d\"></span> <span class=\"_ _1\"></span> and fair v<span class=\"_ _0\"></span>alue measurement<span class=\"_ _8\"></span>  Forw<span class=\"_ _0\"></span>ards <span class=\"_ _1be\"> </span> ex<span class=\"_ _4\"></span>change <span class=\"_ _194\"> </span> contr<span class=\"_ _0\"></span>acts <span class=\"_ _1be\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Market comparis<span class=\"_ _0\"></span>on technique: The fair v<span class=\"_ _0\"></span>alues are based on  broker quotes. Similar c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts  are traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et and  the quotes reflect the actual  transactions in similar instruments Broker quotes Not applicable  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate  <span class=\"_ _1fa\"> </span> swap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts <span class=\"_ _91\"> </span> <span class=\"_ _103\"> </span>Discounting of the future cash flo<span class=\"_ _0\"></span>wsusing the interest r<span class=\"_ _0\"></span>ate curv<span class=\"_ _4\"></span>es at  the reporting date and the cr<span class=\"_ _0\"></span>edit  risk inherent in the contr<span class=\"_ _0\"></span>act Credit risk data Not applicable  Future c<span class=\"_ _0\"></span>ontracts  <span class=\"_ _103\"> </span><span class=\"ff1c\">Market value</span>: Pric<span class=\"_ _0\"></span>e as traded in active market Not applicable   Not applicable  Equity securities  not traded in <span class=\"_ _34\"> </span> active mark<span class=\"_ _0\"></span>ets <span class=\"_ _9d\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Adjust<span class=\"_ _0\"></span>ed Net Asset Me<span class=\"_ _0\"></span>thod: Acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o this method the  Group adjus<span class=\"_ _0\"></span>ts the book values  of an investment\u2019<span class=\"_ _0\"></span>s assets and  liabilities, if and when necessary<span class=\"_ _4\"></span>,  to arrive at their f<span class=\"_ _0\"></span>air market v<span class=\"_ _0\"></span>alue  at the time of valuation  In<span class=\"_ _0\"></span>vestmen<span class=\"_ _0\"></span>t in No<span class=\"_ _0\"></span>val Propert<span class=\"_ _0\"></span>y: Nov<span class=\"_ _0\"></span>al Property is a r<span class=\"_ _4\"></span>eal estate company follo<span class=\"_ _4\"></span>wing fair value  model to value its as<span class=\"_ _0\"></span>sets.  Therefor<span class=\"_ _4\"></span>e, net assets is  considered a r<span class=\"_ _0\"></span>eliable metric  for the estimation of fair  value of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estmentThe es<span class=\"_ _0\"></span>timated f<span class=\"_ _0\"></span>air value  w<span class=\"_ _0\"></span>ould increase (<span class=\"_ _4\"></span>decrease)  based on the fair v<span class=\"_ _0\"></span>alue of  underlying pr<span class=\"_ _0\"></span>operties  b) T<span class=\"_ _1\"></span>ransf<span class=\"_ _0\"></span>ers between L<span class=\"_ _4\"></span>ev<span class=\"_ _0\"></span>els 1 and 2 Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ere no tr<span class=\"_ _4\"></span>ansfers from Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2 to L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vel 1 or fr<span class=\"_ _4\"></span>om Lev<span class=\"_ _0\"></span>el 1 to L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2 in 2022 and no transfers in either dir<span class=\"_ _0\"></span>ection in 2021. C. Financial risk management  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit, liquidity and mark<span class=\"_ _0\"></span>et risk due to the use of its financial instruments. This Not<span class=\"_ _0\"></span>e sets forth inf<span class=\"_ _0\"></span>ormation on their e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o each one of the abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e risks, their objectiv<span class=\"_ _0\"></span>es, the policies and proc<span class=\"_ _0\"></span>edur<span class=\"_ _0\"></span>es applied to risk measur<span class=\"_ _0\"></span>ement and management and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Capital Management (Note 25). Risk management policies are applied t<span class=\"_ _0\"></span>o identify and analyse the risks f<span class=\"_ _0\"></span>acing Cener<span class=\"_ _0\"></span>gy Holdings and its companies, set risk-taking limits and apply r<span class=\"_ _4\"></span>elevant c<span class=\"_ _0\"></span>ontrol s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tems. T<span class=\"_ _0\"></span>he risk management policies and r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant syst<span class=\"_ _0\"></span>ems are ex<span class=\"_ _0\"></span>amined fr<span class=\"_ _0\"></span>om time to time so as t<span class=\"_ _0\"></span>o take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any changes in the mark<span class=\"_ _0\"></span>et and the companies\u2019 activities. The implementation of risk management policies and pr<span class=\"_ _4\"></span>ocedures is monitor<span class=\"_ _4\"></span>ed by the Internal Audit Function, which performs r<span class=\"_ _0\"></span>ecurring and non-recurring audits while the r<span class=\"_ _4\"></span>esults of such audits are notified to the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors. C.<span class=\"_ _4\"></span>1. Credit risk<span class=\"_ _8\"></span> Credit risk is the risk of the financial los<span class=\"_ _0\"></span>s to Cener<span class=\"_ _4\"></span>gy Holdings if a customer or counterpart<span class=\"_ _0\"></span>y to a financial instrument fails to meet its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual obligations and arises principally fr<span class=\"_ _0\"></span>om the companies\u2019 r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables from customers and contr<span class=\"_ _0\"></span>act assets &amp; deposits with banks. The carrying amount of financial assets r<span class=\"_ _4\"></span>epresents the maximum credit e<span class=\"_ _4\"></span>xposure.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note  <span class=\"_ _c9\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Curr<span class=\"_ _0\"></span>ent <span class=\"_ _231\"> </span>15 <span class=\"_ _1d4\"> </span>192,769 <span class=\"_ _ec\"> </span>132,<span class=\"_ _0\"></span>040  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Non-curr<span class=\"_ _0\"></span>ent <span class=\"_ _1de\"> </span>15 <span class=\"_ _107\"> </span>1,227 <span class=\"_ _104\"> </span>1,<span class=\"_ _0\"></span>177  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _1ba\"> </span>7<span class=\"_ _4\"></span>.D <span class=\"_ _b5\"> </span>195,481 <span class=\"_ _102\"> </span>98,217  <span class=\"ff1c\">L<span class=\"_ _0\"></span>ess: </span> Other down pa<span class=\"_ _4\"></span>yments <span class=\"_ _24c\"> </span>15 <span class=\"_ _cb\"> </span>(3,17<span class=\"_ _0\"></span>8) <span class=\"_ _d0\"> </span>(624)  T<span class=\"_ _1\"></span>ax assets <span class=\"_ _ae\"> </span>15 <span class=\"_ _118\"> </span>(11,<span class=\"_ _0\"></span>610) <span class=\"_ _118\"> </span>(14,4<span class=\"_ _4\"></span>76)  Other receiv<span class=\"_ _0\"></span>ables <span class=\"_ _24d\"> </span>15 <span class=\"_ _af\"> </span>(18,910) <span class=\"_ _163\"> </span>(4,716)  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _12e\"> </span>355,77<span class=\"_ _0\"></span>8 <span class=\"_ _111\"> </span>211,617  Equity inv<span class=\"_ _4\"></span>estments at FVOCI  <span class=\"_ _24b\"> </span>22 <span class=\"_ _111\"> </span>6,308 <span class=\"_ _109\"> </span>5,812  Cash and cash equivalents <span class=\"_ _171\"> </span>16 <span class=\"_ _a6\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>160 <span class=\"_ _ec\"> </span>129,606  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _153\"> </span>23 <span class=\"_ _111\"> </span>16,612 <span class=\"_ _10e\"> </span>1,480  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _b3\"> </span>190,0<span class=\"_ _0\"></span>79 <span class=\"_ _ec\"> </span>136,899  Grand t<span class=\"_ _0\"></span>otal <span class=\"_ _24e\"> </span> <span class=\"_ _aa\"> </span>545,857 <span class=\"_ _ec\"> </span>348,516 a) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 On 31 December<span class=\"_ _1\"></span>, the aging of trade and other rec<span class=\"_ _0\"></span>eivables tha<span class=\"_ _0\"></span>t wer<span class=\"_ _4\"></span>e not impaired was as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Neither past due nor impaired <span class=\"_ _1d9\"> </span>343,965 <span class=\"_ _b3\"> </span>196,7<span class=\"_ _4\"></span>49  Over<span class=\"_ _0\"></span>due  - Up to 6 months <span class=\"_ _152\"> </span>10,800 <span class=\"_ _ec\"> </span>13,687  - Over 6 months <span class=\"_ _255\"> </span>1,013 <span class=\"_ _ce\"> </span>1,<span class=\"_ _0\"></span>182  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 Subsidiaries\u2019 management believ<span class=\"_ _4\"></span>es that the amounts that are past due up t<span class=\"_ _0\"></span>o 6 months and o<span class=\"_ _0\"></span>ver 6 months ar<span class=\"_ _4\"></span>e still<span class=\"_ _8\"></span> collectible in full, based on hist<span class=\"_ _0\"></span>orical payment beha<span class=\"_ _0\"></span>viour and e<span class=\"_ _0\"></span>xtensiv<span class=\"_ _4\"></span>e analysis of customer cr<span class=\"_ _0\"></span>edit risk, including underlying customers\u2019 cr<span class=\"_ _4\"></span>edit ratings, if they ar<span class=\"_ _4\"></span>e available. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, the remaining r<span class=\"_ _4\"></span>eceivables past due but not impair<span class=\"_ _0\"></span>ed mainly r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o leading industrial gr<span class=\"_ _0\"></span>oups, major public and priva<span class=\"_ _0\"></span>te utilities and major r<span class=\"_ _0\"></span>esellers. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies insur<span class=\"_ _0\"></span>e the majority of their r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables for default. On 31 December 2022, 85.9% of the balances o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed by c<span class=\"_ _0\"></span>ounterparties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed. The mo<span class=\"_ _4\"></span>vement in impairment of trade and other r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets is as follow<span class=\"_ _0\"></span>s:  <span class=\"_ _1d3\"> </span> 2022 <span class=\"_ _8b\"> </span> <span class=\"_ _f3\"> </span> 2021 <span class=\"_ _29\"> </span>  <span class=\"_ _120\"> </span> Amounts in EUR thousand <span class=\"_ _fb\"> </span>T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _4\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _0\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _d0\"> </span>26,031 <span class=\"_ _46\"> </span>318 <span class=\"_ _193\"> </span>26,349 <span class=\"_ _e4\"> </span>24,390 <span class=\"_ _9a\"> </span>143 <span class=\"_ _64\"> </span>24,533  Impairment loss rec<span class=\"_ _0\"></span>ognized <span class=\"_ _221\"> </span>450 <span class=\"_ _18b\"> </span>12 <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463<span class=\"_ _8\"></span></span><span class=\"wsbd\"> <span class=\"_ _35\"> </span>46 175 <span class=\"_ _30\"></span><span class=\"ff1a ws1\">220<span class=\"ff19\"> </span></span></span> Impairment loss re<span class=\"_ _4\"></span>versed <span class=\"_ _b7\"> </span>(38) <span class=\"_ _83\"> </span>(127) <span class=\"_ _3c\"> </span><span class=\"ff1a\">(165)</span><span class=\"wsbe\"> <span class=\"_ _5\"> </span>(168) - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">(168) </span></span> Rev<span class=\"_ _0\"></span>ersal of / (Impairment loss<span class=\"_ _0\"></span>)   on receiv<span class=\"_ _0\"></span>ables and contract as<span class=\"_ _0\"></span>sets <span class=\"_ _40\"> </span>412 <span class=\"_ _4c\"> </span>(115) <span class=\"_ _83\"> </span><span class=\"ff1a ls50 ws69\">297</span><span class=\"wsbf\"> <span class=\"_ _258\"> </span>(122) 175 <span class=\"_ _1\"></span><span class=\"ff1a ls85 ws6d\">53<span class=\"ff1c ls5 ws1\"> </span></span></span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _20c\"> </span>(153) <span class=\"_ _3e\"> </span>- <span class=\"_ _3c\"> </span><span class=\"ff1a\">(153)</span><span class=\"wsbe\"> <span class=\"_ _2b\"> </span>(14) - <span class=\"_ _238\"></span><span class=\"ff1a ws1\">(14) </span></span> For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _234\"> </span>1,255 <span class=\"_ _3e\"> </span>- <span class=\"_ _25a\"> </span><span class=\"ff1a\">1,255</span><span class=\"wsbe\"> <span class=\"_ _c\"> </span>1,<span class=\"_ _0\"></span>777 - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">1,777 </span></span> Balance on 31 December <span class=\"_ _221\"> </span>27<span class=\"_ _4\"></span>,545 <span class=\"_ _43\"> </span>203 <span class=\"_ _4e\"> </span>27<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>48 <span class=\"_ _8f\"> </span>26,031 <span class=\"_ _43\"> </span>318 <span class=\"_ _193\"> </span>26,349The allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ance for e<span class=\"_ _4\"></span>xpected credit losses f<span class=\"_ _0\"></span>or trade r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets are calculated a<span class=\"_ _0\"></span>t individual lev<span class=\"_ _4\"></span>el<span class=\"_ _8\"></span> when there is an indication of impairment. F<span class=\"_ _4\"></span>or receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets without an<span class=\"_ _0\"></span>y indication of impairment the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e based on the historical cr<span class=\"_ _4\"></span>edit loss experience c<span class=\"_ _0\"></span>ombined with forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-looking information in macr<span class=\"_ _0\"></span>oeconomic f<span class=\"_ _0\"></span>actors eff<span class=\"_ _0\"></span>ecting the credit risk, such as c<span class=\"_ _0\"></span>ountry risk and cust<span class=\"_ _0\"></span>omers\u2019 industry r<span class=\"_ _0\"></span>elated risks. The rising inflation and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e also tak<span class=\"_ _0\"></span>en into consider<span class=\"_ _4\"></span>ation when calculating expected cr<span class=\"_ _4\"></span>edit<span class=\"_ _8\"></span> losses for the curr<span class=\"_ _0\"></span>ent y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, without any significant impact on the impairment loss rec<span class=\"_ _0\"></span>ognized. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 b) Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies held cash and cash equiv<span class=\"_ _0\"></span>alents of EUR 16<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,160 thousand on 31 Dec<span class=\"_ _0\"></span>ember 2022. The cash and cash equiv<span class=\"_ _0\"></span>alents ar<span class=\"_ _0\"></span>e held with bank and financial institution count<span class=\"_ _0\"></span>erparties, which ar<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ted fr<span class=\"_ _0\"></span>om AA<span class=\"_ _4\"></span>-<span class=\"_ _8\"></span> to B based on r<span class=\"_ _0\"></span>atings of Fitch. C.2. Liquidity risk Liquidity risk is the risk that Cener<span class=\"_ _0\"></span>gy Holdings and its companies will enc<span class=\"_ _0\"></span>ounter difficult<span class=\"_ _0\"></span>y in meeting the obligations associated with its financial liabilities tha<span class=\"_ _0\"></span>t are set<span class=\"_ _0\"></span>tled by deliv<span class=\"_ _4\"></span>ering cash or another financial asset. The approach t<span class=\"_ _0\"></span>o manage liquidity is to ensur<span class=\"_ _0\"></span>e, as much as pos<span class=\"_ _0\"></span>sible, that the<span class=\"_ _0\"></span>y will hav<span class=\"_ _4\"></span>e sufficient liquidity to meet their liabilities when they ar<span class=\"_ _4\"></span>e due, under both normal and stressed c<span class=\"_ _0\"></span>onditions, without incurring unacc<span class=\"_ _0\"></span>eptable losses or risking damage to their r<span class=\"_ _0\"></span>eputation. In order t<span class=\"_ _0\"></span>o av<span class=\"_ _4\"></span>oid liquidity risks, Cenergy Holdings and its c<span class=\"_ _0\"></span>ompanies estimat<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws for the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing year when pr<span class=\"_ _4\"></span>eparing their annual budget and monitor the monthly rolling cash flo<span class=\"_ _0\"></span>w for<span class=\"_ _0\"></span>ecast f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing quarter<span class=\"_ _1\"></span>, to ensure sufficient cash on hand to meet their oper<span class=\"_ _4\"></span>ating needs, including cov<span class=\"_ _4\"></span>erage of their financial obligations. This policy does not tak<span class=\"_ _4\"></span>e into account the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant eff<span class=\"_ _0\"></span>ect fr<span class=\"_ _0\"></span>om extr<span class=\"_ _4\"></span>eme unforeseeable conditions. Steelmet S.A., an affiliat<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, monitors cash needs of Cenergy Holdings c<span class=\"_ _0\"></span>ompanies and centr<span class=\"_ _0\"></span>ally agr<span class=\"_ _0\"></span>ees financing terms with cr<span class=\"_ _0\"></span>edit institutions in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _4\"></span>oad.<span class=\"_ _8\"></span> Exposure to liquidity risk Financial liabilities and derivativ<span class=\"_ _4\"></span>es based on contractual maturity ar<span class=\"_ _4\"></span>e broken do<span class=\"_ _4\"></span>wn as follows:  31/12/2022 <span class=\"_ _1ab\"> </span>C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  <span class=\"_ _175\"> </span> Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _64\"> </span>402,<span class=\"_ _4\"></span>112 402,691 <span class=\"_ _dc\"> </span>531 <span class=\"_ _4f\"> </span>956 <span class=\"_ _51\"> </span>26 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">404,204<span class=\"ff19 ls5 ws1\"> </span></span> Bond issues <span class=\"_ _25c\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _1cf\"> </span>80,891 <span class=\"_ _2c\"> </span>32,778 <span class=\"_ _b\"> </span>93,610 9,487 <span class=\"_ _1a\"></span><span class=\"ff1a ws6a\">216,766<span class=\"ff19 ls5 ws1\"> </span></span> Lease liabilities <span class=\"_ _25d\"> </span><span class=\"ff1a ws6a\">3,457</span> <span class=\"_ _b\"> </span>1,625 <span class=\"_ _7\"> </span>796 1,<span class=\"_ _0\"></span>126 <span class=\"_ _54\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,54<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _198\"> </span><span class=\"ff1a lsff wsc3\">10,79<span class=\"_ _8\"></span>0</span> 10,790 <span class=\"_ _5d\"> </span>- <span class=\"_ _5f\"> </span>- <span class=\"_ _2b\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a lsff wsc3\">1<span class=\"_ _8\"></span>0,790<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _ec\"> </span>541,<span class=\"_ _0\"></span>181 541,<span class=\"_ _4\"></span>181 <span class=\"_ _5d\"> </span>- <span class=\"_ _76\"> </span>- <span class=\"_ _2c\"> </span>- <span class=\"_ _238\"></span><span class=\"ff1a ws6a\">541,<span class=\"_ _0\"></span>181<span class=\"ff19 ls5 ws1\"> </span></span>  <span class=\"_ _232\"> </span>1,15<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,337 <span class=\"_ _89\"> </span>1,<span class=\"_ _0\"></span>037<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>178 <span class=\"_ _f6\"> </span>34,104 <span class=\"_ _db\"> </span>95,693 <span class=\"_ _3c\"> </span>9,512 <span class=\"_ _5d\"> </span>1,<span class=\"_ _0\"></span>176,48731/12/2021 <span class=\"_ _25e\"> </span>Contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span> <span class=\"_ _175\"> </span>Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _78\"> </span><span class=\"ff1a ws6a\">203,998</span><span class=\"wsc6\"> <span class=\"_ _5\"> </span>197<span class=\"_ _1\"></span>,271 <span class=\"_ _39\"> </span>9,057 3,269 <span class=\"_ _d\"></span>128 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">209,725<span class=\"ff19 ls5 ws1\"> </span></span></span> Bond issues <span class=\"_ _126\"> </span><span class=\"ff1a ws6a\">186,641</span><span class=\"wsc7\"> <span class=\"_ _4b\"> </span>28,065 <span class=\"_ _4f\"> </span>75,683 <span class=\"_ _6\"> </span>76,230 28,413 <span class=\"_ _32\"></span><span class=\"ff1a ws6a\">208,391<span class=\"ff19 ls5 ws1\"> </span></span></span> Lease liabilities <span class=\"_ _25f\"> </span><span class=\"ff1a ws6a\">3,296</span><span class=\"wsc8\"> <span class=\"_ _19f\"> </span>1,665 1,046 <span class=\"_ _38\"> </span>756 <span class=\"_ _4d\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,467<span class=\"ff19 ls5 ws1\"> </span></span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _185\"> </span><span class=\"ff1a ws6a\">2,596</span><span class=\"wsc9\"> 2,596 <span class=\"_ _9b\"> </span>- <span class=\"_ _4b\"> </span>- <span class=\"_ _c\"> </span>- <span class=\"_ _1a6\"></span><span class=\"ff1a ws6a\">2,596<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _af\"> </span>417<span class=\"_ _4\"></span>,557<span class=\"ff19 wsca\"> 4<span class=\"_ _0\"></span>17<span class=\"_ _4\"></span>,557 <span class=\"_ _78\"> </span>- <span class=\"_ _5d\"> </span>- <span class=\"_ _23\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a ws6a\">417<span class=\"_ _1\"></span>,557<span class=\"ff19 ls5 ws1\"> </span></span></span>  <span class=\"_ _144\"> </span>814,089 <span class=\"_ _1fa\"> </span>647<span class=\"_ _1\"></span>,154 <span class=\"_ _f6\"> </span>85,785 <span class=\"_ _db\"> </span>80,256 <span class=\"_ _e9\"> </span>28,542 <span class=\"_ _80\"> </span>84<span class=\"_ _0\"></span>1,7<span class=\"_ _0\"></span>36Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e loans containing non-financial c<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>enants. A breach of such co<span class=\"_ _4\"></span>venants may requir<span class=\"_ _4\"></span>e companies to repa<span class=\"_ _0\"></span>y loans earlier than indicat<span class=\"_ _0\"></span>ed in the abov<span class=\"_ _4\"></span>e table. Under the existing loan agr<span class=\"_ _4\"></span>eements,<span class=\"_ _8\"></span> co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>eported r<span class=\"_ _0\"></span>egularly to management t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e complianc<span class=\"_ _0\"></span>e. Curr<span class=\"_ _0\"></span>ently<span class=\"_ _4\"></span>, there ar<span class=\"_ _4\"></span>e no<span class=\"_ _8\"></span> financial co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants (i.e<span class=\"_ _0\"></span>., r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o certain financial r<span class=\"_ _0\"></span>atio le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els) in e<span class=\"_ _4\"></span>xisting loan agreements. C.3. Market risk Market risk is the risk that changes in mark<span class=\"_ _4\"></span>et prices \u2013 such as commodity prices, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change rates and int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>es - will affect C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies\u2019 income or the v<span class=\"_ _4\"></span>alue of their financial instruments. Cenergy Holdings\u2019 companies use deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es to manage mark<span class=\"_ _4\"></span>et risk. Generally<span class=\"_ _4\"></span>, they seek t<span class=\"_ _0\"></span>o apply hedge acc<span class=\"_ _0\"></span>ounting to manage vola<span class=\"_ _0\"></span>tility in pr<span class=\"_ _0\"></span>ofit or loss. a) Currency risk:  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to curr<span class=\"_ _0\"></span>ency risk in r<span class=\"_ _0\"></span>elation to the sales and pur<span class=\"_ _4\"></span>chases carried out<span class=\"_ _8\"></span> and the loans issued in a curr<span class=\"_ _0\"></span>ency other than the functional curr<span class=\"_ _0\"></span>ency of Cener<span class=\"_ _0\"></span>gy Holdings and its companies, which is mainly EUR.  The most important curr<span class=\"_ _4\"></span>encies in which these transactions are e<span class=\"_ _4\"></span>xecuted ar<span class=\"_ _0\"></span>e EUR, USD and GBP<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Over time<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hedge the gr<span class=\"_ _4\"></span>eatest part of their estimated e<span class=\"_ _4\"></span>xposure to for<span class=\"_ _4\"></span>eign currencies in relation t<span class=\"_ _0\"></span>o the anticipat<span class=\"_ _0\"></span>ed sales and purchases, as w<span class=\"_ _4\"></span>ell as to the receiv<span class=\"_ _4\"></span>ables and liabilities in foreign curr<span class=\"_ _0\"></span>ency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Their main instruments used t<span class=\"_ _0\"></span>o deal with FX risk ar<span class=\"_ _0\"></span>e forw<span class=\"_ _0\"></span>ard c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts, agr<span class=\"_ _0\"></span>eed with ext<span class=\"_ _0\"></span>ernal count<span class=\"_ _0\"></span>erparties and expiring within les<span class=\"_ _0\"></span>s than a y<span class=\"_ _0\"></span>ear from the r<span class=\"_ _4\"></span>eporting date. When deemed necessary<span class=\"_ _1\"></span>, these contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _4\"></span>enewed upon expiry<span class=\"_ _1\"></span>.  FX risk may also be co<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>ed \u201cnaturally\u201d b<span class=\"_ _4\"></span>y taking out loans in the respective curr<span class=\"_ _4\"></span>encies if loan interest is denominated in the same curr<span class=\"_ _0\"></span>ency as that of cash flo<span class=\"_ _0\"></span>ws c<span class=\"_ _0\"></span>oming fr<span class=\"_ _0\"></span>om opera<span class=\"_ _0\"></span>ting activities. Inv<span class=\"_ _4\"></span>estments of Cenergy Holdings and its companies in their subsidiaries ar<span class=\"_ _4\"></span>e not hedged, as the ex<span class=\"_ _0\"></span>change positions are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be long-term and ar<span class=\"_ _4\"></span>e mainly made in EUR.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies\u2019 e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to curr<span class=\"_ _0\"></span>ency risk is summariz<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws.  <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2022 <span class=\"_ _101\"> </span> <span class=\"_ _13f\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _234\"> </span> <span class=\"_ _1f9\"> </span> <span class=\"_ _190\"> </span>   Amounts in EUR thousand <span class=\"_ _1db\"> </span> <span class=\"_ _20\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _71\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _4\"></span>THER <span class=\"_ _193\"> </span>TO<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _114\"> </span> <span class=\"_ _4c\"> </span>27<span class=\"_ _4\"></span>,997 <span class=\"_ _34\"> </span>10,423 <span class=\"_ _34\"> </span>18,591 <span class=\"_ _8f\"> </span>-  <span class=\"_ _e9\"> </span><span class=\"ff1a ls100 wscc\">5<span class=\"_ _8\"></span>7,<span class=\"_ _d\"></span>0<span class=\"_ _d\"></span>1<span class=\"_ _8\"></span>2<span class=\"_ _d\"> </span></span>  Cash &amp; cash equivalents <span class=\"_ _137\"> </span> <span class=\"_ _18f\"> </span>9,653 <span class=\"_ _1f9\"> </span>13 <span class=\"_ _19a\"> </span>364 <span class=\"_ _8f\"> </span>1 <span class=\"_ _91\"> </span><span class=\"ff1a ls1b ws79\">10,031<span class=\"_ _8\"></span></span>  Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _145\"> </span> <span class=\"_ _1a2\"> </span>(1,119) <span class=\"_ _89\"> </span>(3,892) <span class=\"_ _57\"> </span>(5,285) <span class=\"_ _20\"> </span>- <span class=\"_ _5d\"> </span><span class=\"ff1a\">(10,296)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _cd\"> </span> <span class=\"_ _63\"> </span>(98,277) <span class=\"_ _199\"> </span>(1,048) <span class=\"_ _4e\"> </span>(19,664) <span class=\"_ _8f\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff1a\">(118,989) </span> Contract liabilities <span class=\"_ _126\"> </span> <span class=\"_ _89\"> </span>(41,082) <span class=\"_ _1f4\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _2a\"></span>(66) <span class=\"_ _197\"> </span>-  <span class=\"_ _5d\"> </span><span class=\"ff1a\">(41,<span class=\"_ _0\"></span>148) </span>  <span class=\"_ _260\"> </span> <span class=\"_ _24\"> </span>(67<span class=\"_ _4\"></span>,650) <span class=\"_ _f3\"> </span>5,497 <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _7c\"> </span>(68,213)  Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _99\"> </span> <span class=\"_ _74\"> </span>(121,779) <span class=\"_ _1a9\"> </span>(18,914) <span class=\"_ _233\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _11\"> </span><span class=\"ff1a\">(140,692) </span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1f6\"> </span> <span class=\"_ _261\"> </span>(189,429) <span class=\"_ _57\"> </span>(13,417) <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _55\"> </span>(208,905) <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2021  Amounts in EUR thousand <span class=\"_ _1fe\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _1c2\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _0\"></span>THER <span class=\"_ _193\"> </span>T<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _23e\"> </span>10,028 <span class=\"_ _9a\"> </span>7<span class=\"_ _1\"></span>,562 <span class=\"_ _199\"> </span>16,638 <span class=\"_ _34\"> </span>643 <span class=\"_ _4e\"> </span><span class=\"ff23\">34,871</span>  Cash &amp; cash equivalents <span class=\"_ _262\"> </span>4,934 <span class=\"_ _1a2\"> </span>2,<span class=\"_ _0\"></span>156 <span class=\"_ _46\"> </span>420 <span class=\"_ _20\"> </span>1 <span class=\"_ _9c\"> </span><span class=\"ff23\">7<span class=\"_ _1\"></span>,511<span class=\"ff24\"> </span></span> Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _131\"> </span>(4,331) <span class=\"_ _f0\"> </span>- <span class=\"_ _db\"> </span>(2,613) <span class=\"_ _8f\"> </span>- <span class=\"_ _a2\"> </span><span class=\"ff23\">(6,944)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _263\"> </span>(21,230) <span class=\"_ _4a\"> </span>(1,825) <span class=\"_ _75\"> </span>(14,<span class=\"_ _0\"></span>162) <span class=\"_ _8f\"> </span>- <span class=\"_ _78\"> </span><span class=\"ff23\">(37<span class=\"_ _1\"></span>,217)<span class=\"ff24\"> </span></span> Contract liabilities <span class=\"_ _12d\"> </span>- <span class=\"_ _f0\"> </span>- <span class=\"_ _1a2\"> </span>(23) <span class=\"_ _4e\"> </span>(4,811) <span class=\"_ _35\"> </span><span class=\"ff23\">(4,834)</span> (10,599)<span class=\"_ _1f8\"> </span>7<span class=\"_ _1\"></span>,893<span class=\"_ _e4\"> </span>260<span class=\"_\"> </span>(4,<span class=\"_ _4\"></span>168)<span class=\"_ _94\"> </span>(6,613) Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _233\"> </span>(39,692) <span class=\"_ _75\"> </span>(21,049) <span class=\"_ _f9\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _7c\"> </span><span class=\"ff23 ls1b ws79\">(6<span class=\"_ _8\"></span>0,7<span class=\"_ _4\"></span>41<span class=\"_ _8\"></span>)<span class=\"ff24 ls5 ws1\"> </span></span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1ee\"> </span>(50<span class=\"_ _0\"></span>,290) <span class=\"_ _1a9\"> </span>(13,<span class=\"_ _0\"></span>156) <span class=\"_ _46\"> </span>260 <span class=\"_ _80\"> </span>(4,<span class=\"_ _4\"></span>168) <span class=\"_ _5d\"> </span>(67<span class=\"_ _4\"></span>,354) The f<span class=\"_ _0\"></span>ollowing e<span class=\"_ _4\"></span>xchange ra<span class=\"_ _0\"></span>tes ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been applied during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> A<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>age e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ate <span class=\"_ _13f\"> </span>Y<span class=\"_ _1\"></span>ear end spot rat<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> 2022 <span class=\"_ _b\"> </span>2021<span class=\"_ _234\"> </span>2022<span class=\"_\"> </span>2021 USD <span class=\"_ _fc\"> </span>1.0530 <span class=\"_ _19b\"> </span>1.<span class=\"_ _0\"></span>1827 <span class=\"_ _3e\"> </span>1.0666 <span class=\"_ _197\"> </span>1.1326  GBP <span class=\"_ _84\"> </span>0.8528 <span class=\"_ _28\"> </span>0.8596 <span class=\"_ _1c4\"> </span>0.8869 <span class=\"_ _9a\"> </span>0.840<span class=\"_ _0\"></span>3  RO\u039d <span class=\"_ _153\"> </span>4.9<span class=\"_ _0\"></span>313 <span class=\"_ _3b\"> </span>4.9208 <span class=\"_ _18a\"> </span>4.94<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>4 <span class=\"_ _46\"> </span>4.9481 \u0391 reasonably pos<span class=\"_ _0\"></span>sible str<span class=\"_ _0\"></span>engthening (weak<span class=\"_ _4\"></span>ening) of the EUR, USD, GBP or RON agains<span class=\"_ _0\"></span>t other currencies on 31 December w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e affected the measurement of financial ins<span class=\"_ _0\"></span>truments denominated in a f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and affected equit<span class=\"_ _0\"></span>y and profit or los<span class=\"_ _0\"></span>s by the amounts sho<span class=\"_ _4\"></span>wn below<span class=\"_ _4\"></span>. This analysis as<span class=\"_ _0\"></span>sumes that all other variables, in particular inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates, r<span class=\"_ _4\"></span>emain constant and ignores an<span class=\"_ _0\"></span>y impact of for<span class=\"_ _0\"></span>ecast sales and pur<span class=\"_ _0\"></span>chases.  Profit or loss <span class=\"_ _264\"> </span>Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _f4\"> </span>Strengthening <span class=\"_ _7c\"> </span>W<span class=\"_ _4\"></span>eakening <span class=\"_ _80\"> </span>Strengthening <span class=\"_ _80\"> </span>W<span class=\"_ _0\"></span>eak<span class=\"_ _0\"></span>ening<span class=\"_ _8\"></span>  <span class=\"_ _26\"> </span>2022  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _192\"> </span>6,250 <span class=\"_ _34\"> </span>(7<span class=\"_ _4\"></span>,639) <span class=\"_ _1f4\"> </span>17<span class=\"_ _4\"></span>,221 <span class=\"_ _44\"> </span>(21,048)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _121\"> </span>1,220 <span class=\"_ _f3\"> </span>(1,491) <span class=\"_ _174\"> </span>1,220 <span class=\"_ _19a\"> </span>(1,491)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _265\"> </span>551 <span class=\"_ _1f8\"> </span>(673) <span class=\"_ _113\"> </span>551 <span class=\"_ _8f\"> </span>(673)  <span class=\"_ _26\"> </span>2021  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _1f5\"> </span>1,230 <span class=\"_ _f6\"> </span>(1,504) <span class=\"_ _13\"> </span>4,566 <span class=\"_ _1c2\"> </span>(5,580)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _119\"> </span>1,<span class=\"_ _4\"></span>186 <span class=\"_ _f6\"> </span>(1,450) <span class=\"_ _22f\"> </span>1,<span class=\"_ _0\"></span>186 <span class=\"_ _43\"> </span>(1,450)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _266\"> </span>(24) <span class=\"_ _1f9\"> </span>29 <span class=\"_ _f8\"> </span>(2<span class=\"_ _0\"></span>4) <span class=\"_ _21f\"> </span>29b)<span class=\"_\"> </span>In<span class=\"_ _0\"></span>terest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk:Exposure to int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate risk 2022 mark<span class=\"_ _0\"></span>ed the end of a prolonged lo<span class=\"_ _4\"></span>w interest period with C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies having appr<span class=\"_ _4\"></span>ox. 19% of their debt obligations on a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te basis. T<span class=\"_ _0\"></span>his was achie<span class=\"_ _4\"></span>ved by ent<span class=\"_ _0\"></span>ering fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate instruments or b<span class=\"_ _4\"></span>y hedging<span class=\"_ _8\"></span> their floating ra<span class=\"_ _0\"></span>te loans with int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts. The int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate pr<span class=\"_ _4\"></span>ofile of Cenergy Holdings\u2019 companies\u2019 inter<span class=\"_ _0\"></span>est-bearing financial instruments, is as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Fixed-r<span class=\"_ _4\"></span>ate instruments <span class=\"_ _267\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _208\"> </span>37<span class=\"_ _1\"></span>,601 <span class=\"_ _b1\"> </span>40,5<span class=\"_ _4\"></span>7<span class=\"_ _0\"></span>4  V<span class=\"_ _4\"></span>ariable-rate instruments <span class=\"_ _268\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _269\"> </span>567<span class=\"_ _1\"></span>,765 <span class=\"_ _a8\"> </span>353,362  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps (nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _150\"> </span>(80,000) <span class=\"_ _be\"> </span>-  Net exposur<span class=\"_ _0\"></span>e to v<span class=\"_ _0\"></span>ariable-r<span class=\"_ _0\"></span>ate instruments <span class=\"_ _12d\"> </span>487<span class=\"_ _1\"></span>,765 <span class=\"_ _1ed\"> </span>353,362 Fix<span class=\"_ _0\"></span>ed-rat<span class=\"_ _0\"></span>e instruments The Gr<span class=\"_ _0\"></span>oup does not acc<span class=\"_ _0\"></span>ount any fix<span class=\"_ _4\"></span>ed-rate financial as<span class=\"_ _0\"></span>sets or liabilities at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough profit or los<span class=\"_ _0\"></span>s.  Ther<span class=\"_ _4\"></span>efore, a change in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>ould not affect either pr<span class=\"_ _0\"></span>ofit or loss or equity<span class=\"_ _1\"></span>. Cash flow s<span class=\"_ _0\"></span>ensitivity analysis f<span class=\"_ _0\"></span>or v<span class=\"_ _0\"></span>ariable-rat<span class=\"_ _0\"></span>e instruments A reasonably pos<span class=\"_ _0\"></span>sible change of 0.25% in int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ates at the r<span class=\"_ _4\"></span>eporting date would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e increased / (<span class=\"_ _4\"></span>decreased) equity and profit or los<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>y the amount shown belo<span class=\"_ _4\"></span>w<span class=\"_ _0\"></span>. The analy<span class=\"_ _0\"></span>sis assumes that all other v<span class=\"_ _4\"></span>ariables, in particular<span class=\"_ _8\"></span> for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es, r<span class=\"_ _0\"></span>emain constant.  <span class=\"_ _209\"> </span>Profit or loss &amp; Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _106\"> </span>0<span class=\"_ _0\"></span>.25% increase <span class=\"_ _e4\"> </span>0.25% decr<span class=\"_ _0\"></span>ease<span class=\"_ _d\"></span>  <span class=\"_ _26\"> </span>2022 <span class=\"_ _26a\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _142\"> </span>(721) <span class=\"_ _192\"> </span>721  <span class=\"_ _26\"> </span>2021 <span class=\"_ _26b\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _16a\"> </span>(1,<span class=\"_ _0\"></span>140) <span class=\"_ _1b8\"> </span>1,<span class=\"_ _0\"></span>140As described in note 23, follo<span class=\"_ _4\"></span>wing upwar<span class=\"_ _0\"></span>d pres<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es on inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates observ<span class=\"_ _4\"></span>ed during the first semester of 2022, in Q2 2022Cener<span class=\"_ _0\"></span>gy Holdings companies s<span class=\"_ _0\"></span>tarted using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>waps t<span class=\"_ _0\"></span>o offset potentially higher futur<span class=\"_ _0\"></span>e finance costs in v<span class=\"_ _4\"></span>ariable rate loans. Such deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e not designated as hedging ins<span class=\"_ _0\"></span>truments, so their valuation is included in the analysis abo<span class=\"_ _4\"></span>ve. c) Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es assets and liabilities designa<span class=\"_ _0\"></span>ted as cash flo<span class=\"_ _0\"></span>w hedges  The f<span class=\"_ _0\"></span>ollowing table indicat<span class=\"_ _0\"></span>es the periods in which the cash flo<span class=\"_ _0\"></span>ws associa<span class=\"_ _0\"></span>ted with cash flo<span class=\"_ _0\"></span>w hedges ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to occur:   2022 <span class=\"_ _179\"> </span>Expected cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _24c\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _e2\"> </span>2,595 <span class=\"_ _1f9\"> </span>5,805 <span class=\"_ _9d\"> </span>3,624 <span class=\"_ _9e\"> </span><span class=\"ff1a\">12,024</span>  Liabilities <span class=\"_ _de\"> </span>(9,80<span class=\"_ _4\"></span>7) <span class=\"_ _a1\"> </span>(5,338) <span class=\"_ _165\"> </span>(4,470) <span class=\"_ _20\"> </span>- <span class=\"_ _5c\"> </span><span class=\"ff1a\">(9,80<span class=\"_ _0\"></span>7) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span>  <span class=\"_ _1ed\"> </span>  <span class=\"_ _176\"> </span>  <span class=\"_ _fb\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _3a\"></span>  Assets <span class=\"_ _fd\"> </span>463 <span class=\"_ _1c4\"> </span>(78<span class=\"_ _0\"></span>7) <span class=\"_ _233\"> </span>1,250 <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463</span>  Liabilities <span class=\"_ _26d\"> </span>(956) <span class=\"_ _194\"> </span>(944) <span class=\"_ _1bf\"> </span>(13) <span class=\"_ _20\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">(956) </span> <span class=\"_ _1b1\"> </span>1,723 <span class=\"_ _9b\"> </span>(4,47<span class=\"_ _1\"></span>4) <span class=\"_ _94\"> </span>2,573 3,62<span class=\"_ _0\"></span>4 <span class=\"_ _38\"> </span>1,723 2021 <span class=\"_ _26e\"> </span>Expected cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _d8\"> </span>536 <span class=\"_ _41\"> </span>536 <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls85 ws6d\">53<span class=\"_ _8\"></span>6</span>  Liabilities <span class=\"_ _243\"> </span>(1,14<span class=\"_ _0\"></span>1) <span class=\"_ _194\"> </span>(1,141) <span class=\"_ _b3\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _22\"> </span><span class=\"ff1a\">(1,14<span class=\"_ _0\"></span>1) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _1b0\"> </span>- <span class=\"_ _1ad\"> </span>- <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _18b\"> </span><span class=\"ff1a\">-</span>  Liabilities <span class=\"_ _26f\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _20\"> </span>(1,213) <span class=\"_ _13f\"> </span>14 <span class=\"_ _20\"> </span>- <span class=\"_ _4e\"> </span><span class=\"ff1a\">(1,199) </span> <span class=\"_ _270\"> </span>(1,804) <span class=\"_ _193\"> </span>(1,818) <span class=\"_ _28\"> </span>14 <span class=\"_ _4e\"> </span>- (1,804) The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides information about the it<span class=\"_ _0\"></span>ems designated as cash flo<span class=\"_ _0\"></span>w hedging instruments during the y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> and on 31 December 2022 and the r<span class=\"_ _4\"></span>econciliation of the amounts included in the hedging reserv<span class=\"_ _0\"></span>e.  <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _11e\"> </span> <span class=\"_ _272\"> </span> Amounts in EUR thousands <span class=\"_ _fe\"> </span>     Nominal Amount        Carrying amount Assets <span class=\"_ _2c\"> </span>Liabilities<span class=\"_ _d\"></span> Line it<span class=\"_ _0\"></span>em in the statement of financial position where the hedging instrument is include     Balanc<span class=\"_ _0\"></span>e on 1 January 2022  Changes in the v<span class=\"_ _0\"></span>alue of the hedging instrument recognised in OCI Amount<span class=\"_ _d\"></span> reclassified from hedging reserve to pr<span class=\"_ _0\"></span>ofit or loss Effect<span class=\"_ _d\"></span> of<span class=\"_ _d\"></span> mov<span class=\"_ _0\"></span>ement in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change ra<span class=\"_ _0\"></span>tes Balance<span class=\"_ _8\"></span> on 31<span class=\"_ _d\"></span> Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> 2022 <span class=\"_ _186\"> </span> Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign <span class=\"_ _10c\"> </span> ex<span class=\"_ _4\"></span>change contracts <span class=\"_ _113\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span>  <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> 113,<span class=\"_ _0\"></span>141 <span class=\"_ _12\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _76\"> </span>(9,807) Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (605) <span class=\"_ _1c0\"> </span>756 <span class=\"_ _5e\"> </span>1,602 <span class=\"_ _89\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ff1a\">2,216</span>  <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _64\"> </span> <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _71\"> </span> Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _a6\"> </span>81,339 <span class=\"_ _99\"> </span>463 <span class=\"_ _99\"> </span>(956) <span class=\"_ _61\"> </span>Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (1,<span class=\"_ _0\"></span>199) <span class=\"_ _4a\"> </span>1,<span class=\"_ _4\"></span>199 <span class=\"_ _94\"> </span>(493) <span class=\"_ _3b\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a ls50 ws69\">(493<span class=\"_ _8\"></span>)</span>  <span class=\"_ _273\"> </span>194,480 <span class=\"_ _d\"></span>12,487 (10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>64) <span class=\"_ _1bd\"> </span> <span class=\"_ _2d\"> </span>(1,804) <span class=\"_ _a2\"> </span>1,955 <span class=\"_ _98\"> </span>1,<span class=\"_ _4\"></span>109 <span class=\"_ _5c\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _dc\"> </span>1,723<span class=\"ws1\"> </span>d) Commodity price risk The c<span class=\"_ _0\"></span>ommodity mark<span class=\"_ _0\"></span>ets hav<span class=\"_ _4\"></span>e experienced and ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to c<span class=\"_ _0\"></span>ontinue to e<span class=\"_ _4\"></span>xperience price fluctuations. Cener<span class=\"_ _0\"></span>gy Holdings subsidiaries hav<span class=\"_ _4\"></span>e exposure t<span class=\"_ _0\"></span>o steel, aluminium, c<span class=\"_ _0\"></span>opper and lead. T<span class=\"_ _0\"></span>hey ther<span class=\"_ _4\"></span>efore use, when possible<span class=\"_ _0\"></span>, futures contr<span class=\"_ _0\"></span>acts to minimiz<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o commodity pric<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility<span class=\"_ _1\"></span>. Subsidiaries in the cables segment use back-to-back matching of pur<span class=\"_ _0\"></span>chases and sales, or deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e instruments (futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts) in order to minimiz<span class=\"_ _0\"></span>e the effect of the metal price fluctuations on their r<span class=\"_ _0\"></span>esults. On 31 December 2022, the net deriv<span class=\"_ _4\"></span>ative balance per c<span class=\"_ _0\"></span>ommodity was:   Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Aluminium - Long / (short) position <span class=\"_ _130\"> </span>(395) <span class=\"_ _114\"> </span>373  Copper - Long / (short) position <span class=\"_ _274\"> </span>(59) <span class=\"_ _af\"> </span>(1,548)  Lead - Long / (short) position <span class=\"_ _a4\"> </span>(39) <span class=\"_ _107\"> </span>(25) T<span class=\"_ _1\"></span>otal <span class=\"_ _229\"> </span>(49<span class=\"_ _0\"></span>3) (1,<span class=\"_ _0\"></span>199) These hedges ar<span class=\"_ _0\"></span>e designat<span class=\"_ _0\"></span>ed as cash flow hedge ac<span class=\"_ _0\"></span>counting. C.4. Risk of macroeconomic and financial en<span class=\"_ _4\"></span>vironment<span class=\"_ _8\"></span>  Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries follo<span class=\"_ _0\"></span>w closely and on a continuous basis the de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopments in the interna<span class=\"_ _0\"></span>tional and domestic envir<span class=\"_ _4\"></span>onment and timely adapt their business strat<span class=\"_ _0\"></span>egy and risk management policies to minimiz<span class=\"_ _0\"></span>e the impact of the macroec<span class=\"_ _0\"></span>onomic conditions on their oper<span class=\"_ _0\"></span>ations. Impact of Ukraine c<span class=\"_ _0\"></span>onflictThe Ukr<span class=\"_ _0\"></span>aine conflict s<span class=\"_ _0\"></span>tarted in F<span class=\"_ _0\"></span>ebruary 2022 and caused mark<span class=\"_ _0\"></span>et v<span class=\"_ _0\"></span>olatility as it incr<span class=\"_ _0\"></span>eased the pr<span class=\"_ _0\"></span>obability of disruptions in many parts of the global econom<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>.  Though its impact on Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries cannot be fully predict<span class=\"_ _0\"></span>ed right no<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>, the ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>all e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o Ukr<span class=\"_ _0\"></span>aine and Russia is v<span class=\"_ _0\"></span>ery limited and busines<span class=\"_ _0\"></span>s consequences wer<span class=\"_ _4\"></span>e not material so far<span class=\"_ _4\"></span>, while the same is expect<span class=\"_ _0\"></span>ed for the f<span class=\"_ _0\"></span>oreseeable futur<span class=\"_ _4\"></span>e. Sales to these markets r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent an insignificant portion of total turno<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er (<span class=\"_ _0\"></span>ca. 0.5% f<span class=\"_ _0\"></span>or 2022) and an<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>venue loss will be fully offset b<span class=\"_ _0\"></span>y demand in other markets. All r<span class=\"_ _4\"></span>evenues fr<span class=\"_ _4\"></span>om those markets concern c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed befor<span class=\"_ _0\"></span>e 2022, since no sales agr<span class=\"_ _4\"></span>eement<span class=\"_ _8\"></span> was signed with clients locat<span class=\"_ _0\"></span>ed in those countries during 20<span class=\"_ _0\"></span>22. Furthermore<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en actions to shift the supply of r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>w materials pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously sourc<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om Russia to alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets and mitigate an<span class=\"_ _0\"></span>y potential disruption in their supply chain. As f<span class=\"_ _0\"></span>or financing, companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e no exposur<span class=\"_ _4\"></span>e to Russian banks. Finally<span class=\"_ _4\"></span>, in the energy fr<span class=\"_ _4\"></span>ont, the Ukraine conflict acc<span class=\"_ _0\"></span>eler<span class=\"_ _0\"></span>ated pric<span class=\"_ _0\"></span>e inflation and companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e alr<span class=\"_ _0\"></span>eady taken mitigating actions to r<span class=\"_ _0\"></span>educe an<span class=\"_ _0\"></span>y business impact r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to ener<span class=\"_ _0\"></span>gy cos<span class=\"_ _0\"></span>t.  The<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e monitoring the situation closely and will modify their approach when and as r<span class=\"_ _4\"></span>equired to secur<span class=\"_ _0\"></span>e opera<span class=\"_ _0\"></span>tional efficiency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> C.5. Risks relat<span class=\"_ _0\"></span>ed to climat<span class=\"_ _0\"></span>e changeCener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries rec<span class=\"_ _0\"></span>ognize the importanc<span class=\"_ _0\"></span>e of tr<span class=\"_ _0\"></span>ansparency r<span class=\"_ _4\"></span>egarding climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities to maintain trust of s<span class=\"_ _0\"></span>takeholders and allo<span class=\"_ _4\"></span>w inves<span class=\"_ _0\"></span>tors to bet<span class=\"_ _0\"></span>ter understand the pot<span class=\"_ _0\"></span>ential impact transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities emana<span class=\"_ _0\"></span>ting from climat<span class=\"_ _0\"></span>e change. T<span class=\"_ _2\"></span>o that end, Cenergy Holdings has pledged to asses<span class=\"_ _0\"></span>s the potential se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erity of the risks and the possible benefits of the opportunities with the aim to tak<span class=\"_ _0\"></span>e all neces<span class=\"_ _0\"></span>sary measures t<span class=\"_ _0\"></span>o mitigate nega<span class=\"_ _0\"></span>tive impacts and maximiz<span class=\"_ _0\"></span>e the positiv<span class=\"_ _0\"></span>e ones, and to adopt the T<span class=\"_ _1\"></span>ask For<span class=\"_ _4\"></span>ce on Climate-rela<span class=\"_ _0\"></span>ted Financial Disclosur<span class=\"_ _0\"></span>es (T<span class=\"_ _4\"></span>CFD) fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ansparently c<span class=\"_ _0\"></span>ommunicate all clima<span class=\"_ _0\"></span>te-relat<span class=\"_ _0\"></span>ed risks and opportunities. F<span class=\"_ _0\"></span>or this purpose, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries performed an as<span class=\"_ _0\"></span>sessment of climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities that co<span class=\"_ _4\"></span>vered all indus<span class=\"_ _0\"></span>trial and real es<span class=\"_ _0\"></span>tate as<span class=\"_ _0\"></span>sets. The detailed r<span class=\"_ _0\"></span>esults of this assessment ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eported at segmental le<span class=\"_ _4\"></span>vel in the Non-Financial Disclosure<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ompanying the Annual Report.Moving t<span class=\"_ _0\"></span>o a lo<span class=\"_ _0\"></span>w-carbon econom<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>equires c<span class=\"_ _0\"></span>ertain measur<span class=\"_ _0\"></span>es to be c<span class=\"_ _0\"></span>onsidered and implement<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>hrough the analysis, f<span class=\"_ _0\"></span>or each business segment, the most mat<span class=\"_ _0\"></span>erial climate r<span class=\"_ _4\"></span>elated transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities ov<span class=\"_ _4\"></span>er the short, medium and long-term, hav<span class=\"_ _0\"></span>e been identified. T<span class=\"_ _0\"></span>he transition risks as<span class=\"_ _0\"></span>sessed r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o policy<span class=\"_ _1\"></span>, legal,<span class=\"_ _8\"></span> technology and mark<span class=\"_ _0\"></span>et changes to addr<span class=\"_ _0\"></span>ess climat<span class=\"_ _0\"></span>e change mitigation and adaptation. Polic<span class=\"_ _0\"></span>y actions around climat<span class=\"_ _0\"></span>e change continue to e<span class=\"_ _4\"></span>volv<span class=\"_ _0\"></span>e, technological impr<span class=\"_ _4\"></span>ov<span class=\"_ _0\"></span>ements or innov<span class=\"_ _4\"></span>ations that support the transition to a lo<span class=\"_ _4\"></span>wer-carbon and energy efficient ec<span class=\"_ _0\"></span>onomic sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em can hav<span class=\"_ _4\"></span>e a significant impact on organizations, while significant changes in market such as decr<span class=\"_ _4\"></span>ease in demand for specific goods or services or decreased r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enues rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o changes in customer beha<span class=\"_ _0\"></span>vior ar<span class=\"_ _0\"></span>e some e<span class=\"_ _0\"></span>xamples of the implications that can impact the oper<span class=\"_ _4\"></span>ating model and the financial<span class=\"_ _8\"></span> planning of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries. On the other hand, extr<span class=\"_ _4\"></span>eme weather ev<span class=\"_ _4\"></span>ents and longer-term shifts in climate patt<span class=\"_ _0\"></span>erns such as limited w<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er av<span class=\"_ _4\"></span>ailability and extreme hea<span class=\"_ _0\"></span>t or sea lev<span class=\"_ _4\"></span>el rise may hav<span class=\"_ _0\"></span>e multiple impacts and possible financial implications for C<span class=\"_ _0\"></span>energy Holdings Gr<span class=\"_ _4\"></span>oup.The abo<span class=\"_ _4\"></span>vementioned risks and opportunities hav<span class=\"_ _4\"></span>e been identified and classified on a scale of low<span class=\"_ _4\"></span>, medium, and<span class=\"_ _8\"></span> high, based on the actual and potential impacts on the Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries business model, assets and<span class=\"_ _8\"></span> operations, as w<span class=\"_ _4\"></span>ell as financial impacts on the business performance. T<span class=\"_ _0\"></span>he financial impacts hav<span class=\"_ _4\"></span>e being considered to the acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es to the e<span class=\"_ _4\"></span>xtent that they can be curr<span class=\"_ _0\"></span>ently e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>ted. Mor<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _4\"></span>, challenges associated with climate r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed commitments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been consider<span class=\"_ _0\"></span>ed, and Viohalc<span class=\"_ _0\"></span>o companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not identified any additional issues that ma<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e a material effect on their financial stat<span class=\"_ _0\"></span>ements.31. List of subsidiaries The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s subsidiaries and the inter<span class=\"_ _4\"></span>est held at the end of the reporting period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  <span class=\"_ _1ee\"> </span> Subsidiaries <span class=\"_ _1f3\"> </span>Country of incorpora<span class=\"_ _0\"></span>tion Direct &amp; indirect interest 20<span class=\"_ _0\"></span>22 Direct &amp; indirect<span class=\"_ _8\"></span> <span class=\"_ _3a\"></span> interest 2021<span class=\"_ _8\"></span>  CORINTH PIPEW<span class=\"_ _0\"></span>ORKS S.A. <span class=\"_ _253\"> </span>GREECE <span class=\"_ _275\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  CPW AMERICA CO <span class=\"_ _276\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  HUMBEL L<span class=\"_ _1\"></span>TD <span class=\"_ _20c\"> </span>CYPRUS <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.00% <span class=\"_ _d9\"> </span>100.00%  W<span class=\"_ _4\"></span>ARSA<span class=\"_ _1\"></span>W TUBULAR TRADING SP<span class=\"_ _4\"></span>. ZOO<span class=\"_ _0\"></span>. <span class=\"_ _1a9\"> </span>POLAND <span class=\"_ _198\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  FUL<span class=\"_ _0\"></span>GOR S.A. <span class=\"_ _20c\"> </span>GREECE <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.00% <span class=\"_ _d9\"> </span>100.00%  ICME ECAB S.A. <span class=\"_ _26c\"> </span>ROMANIA <span class=\"_ _198\"> </span>99.98% <span class=\"_ _12e\"> </span>99.98%  LESCO OOD <span class=\"_ _f5\"> </span>BULGARIA <span class=\"_ _278\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  LESCO ROMANIA S.A. <span class=\"_ _119\"> </span>ROMANIA <span class=\"_ _23e\"> </span>65.00% <span class=\"_ _221\"> </span>65.00%  DE LAIRE L<span class=\"_ _1\"></span>TD <span class=\"_ _185\"> </span>CYPRUS <span class=\"_ _275\"> </span>100.00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  HELLENIC CABLES S.A.   HELLENIC CABLE INDUSTR<span class=\"_ _0\"></span>Y S.A. <span class=\"_ _1f2\"> </span>GREECE <span class=\"_ _275\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  HELLENIC CABLES TRADING CO <span class=\"_ _41\"> </span>USA <span class=\"_ _277\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  HELLENIC CABLES AMERICAS C<span class=\"_ _0\"></span>O <span class=\"_ _18a\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _d9\"> </span>100.00%  SP<span class=\"_ _4\"></span>ARROW<span class=\"_ _0\"></span>S POINT PROPERTIES   HOLDINGS LL<span class=\"_ _0\"></span>C <span class=\"_ _279\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _121\"> </span>-  SP<span class=\"_ _4\"></span>ARROW<span class=\"_ _0\"></span>S POINT PROPERTIES LL<span class=\"_ _4\"></span>C <span class=\"_ _1a2\"> </span>USA <span class=\"_ _277\"> </span>100.00% <span class=\"_ _121\"> </span>-  CPW SOLAR S.A. <span class=\"_ _25d\"> </span>GREECE <span class=\"_ _275\"> </span>100.00% <span class=\"_ _121\"> </span>-  CPW WIND S.A. <span class=\"_ _26c\"> </span>GREECE <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>00% <span class=\"_ _27a\"> </span>- For all the abo<span class=\"_ _4\"></span>ve entities, Cener<span class=\"_ _0\"></span>gy Holdings S.A. does ex<span class=\"_ _4\"></span>ercise contr<span class=\"_ _0\"></span>ol dir<span class=\"_ _0\"></span>ectly and/<span class=\"_ _1\"></span>or indirectly<span class=\"_ _4\"></span>. On January 6, 2022, the subsidiary C-Ener<span class=\"_ _0\"></span>gy Americas Co<span class=\"_ _0\"></span>. was r<span class=\"_ _4\"></span>enamed to Hellenic Cables Americas Co.  During 2022, the follo<span class=\"_ _0\"></span>wing subsidiaries w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e established:  \u2022 <span class=\"_ _23\"> </span>Hellenic Cables Americas C<span class=\"_ _0\"></span>o. es<span class=\"_ _0\"></span>tablished tw<span class=\"_ _0\"></span>o new subsidiaries in the US<span class=\"_ _0\"></span>A, SP<span class=\"_ _4\"></span>ARRO<span class=\"_ _0\"></span>WS POINT PR<span class=\"_ _0\"></span>OPERTIES HOLDINGS LL<span class=\"_ _0\"></span>C and SP<span class=\"_ _4\"></span>ARRO<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>S POINT PROPERTIES LL<span class=\"_ _4\"></span>C., to support the construction of a submarine cables factory in the US<span class=\"_ _0\"></span>A. \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A. established two ne<span class=\"_ _0\"></span>w subsidiaries in Gr<span class=\"_ _0\"></span>eece, CP<span class=\"_ _0\"></span>W SOLAR S.A. and CPW WIND S.A to support future in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment plans, without a final decision y<span class=\"_ _4\"></span>et in place. 32. Joint opera<span class=\"_ _0\"></span>tions Hellenic Cables has a 62.48% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, which was set up as a partnership together with V<span class=\"_ _1\"></span>an Oord. The scope of this joint oper<span class=\"_ _4\"></span>ation scheme is to supply and install sea and land cables for the Hollandse K<span class=\"_ _0\"></span>ust (South) Alpha pr<span class=\"_ _0\"></span>oject and Hollandse Kus<span class=\"_ _0\"></span>t (South) Beta project. T<span class=\"_ _0\"></span>he principal place of business of the joint oper<span class=\"_ _0\"></span>ation is in the Netherlands. Hellenic Cables has a 50.<span class=\"_ _0\"></span>77% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _4\"></span>angement called DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., which<span class=\"_ _8\"></span> was set up as a partnership t<span class=\"_ _0\"></span>ogether with T<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. The scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>act for the supply and installa<span class=\"_ _0\"></span>tion of submarine cables for the c<span class=\"_ _0\"></span>onnection of the Seamade offshore wind project t<span class=\"_ _0\"></span>o the Belgian grid. The principal plac<span class=\"_ _0\"></span>e of business of the joint oper<span class=\"_ _0\"></span>ation is in Belgium. Fulgor has a 10.<span class=\"_ _0\"></span>00% inter<span class=\"_ _4\"></span>est in a joint arrangement called Fulgor \u2013 JDN Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Jan De Nul. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the installation of submarine cables for the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>connection Cr<span class=\"_ _0\"></span>ete-Peloponnese in Gr<span class=\"_ _4\"></span>eece. The principal plac<span class=\"_ _0\"></span>e of business of this joint oper<span class=\"_ _0\"></span>ation is in Gr<span class=\"_ _0\"></span>eece. Fulgor has a 70<span class=\"_ _0\"></span>.27% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea Lt<span class=\"_ _0\"></span>d Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the design, manuf<span class=\"_ _0\"></span>acturing, supply and installation of the 150 kV submarine cable s<span class=\"_ _0\"></span>yst<span class=\"_ _0\"></span>em connecting the under construction 330 MW K<span class=\"_ _0\"></span>afireas II W<span class=\"_ _0\"></span>ind F<span class=\"_ _0\"></span>arm to Gr<span class=\"_ _4\"></span>eece\u2019s mainland grid. T<span class=\"_ _0\"></span>he principal place of business of this joint operation is in Gr<span class=\"_ _4\"></span>eece. The abo<span class=\"_ _4\"></span>ve joint operations w<span class=\"_ _4\"></span>ere formed during prior y<span class=\"_ _0\"></span>ears. The agr<span class=\"_ _0\"></span>eements in r<span class=\"_ _0\"></span>elation to the V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., Fulgor \u2013 JDN<span class=\"_ _8\"></span> Consortium and Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td Consortium r<span class=\"_ _4\"></span>equire unanimous consent fr<span class=\"_ _0\"></span>om all parties for all r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant activities. The tw<span class=\"_ _4\"></span>o partners have dir<span class=\"_ _0\"></span>ect rights to the as<span class=\"_ _0\"></span>sets of the partnership and ar<span class=\"_ _0\"></span>e jointly and sev<span class=\"_ _4\"></span>erally liable for the liabilities incurred b<span class=\"_ _4\"></span>y the partnership. These entities are ther<span class=\"_ _4\"></span>efore classified as joint oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the jointly held assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses as described in note 5.<span class=\"_ _0\"></span>1(g). 33. Commitments A. Purchase commitments Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e entered into c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o their inv<span class=\"_ _4\"></span>estment plans, which are e<span class=\"_ _0\"></span>xpected to be concluded during the ne<span class=\"_ _4\"></span>xt year<span class=\"_ _4\"></span>.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Property<span class=\"_ _1\"></span>, plant and equipment <span class=\"_ _15f\"> </span>24,060 <span class=\"_ _c9\"> </span>6,851 B. Guarant<span class=\"_ _0\"></span>ees   <span class=\"_ _68\"> </span>A<span class=\"_ _4\"></span>t 31 December<span class=\"_ _d\"></span> <span class=\"_ _1\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Guarant<span class=\"_ _0\"></span>ees for securing liabilities to suppliers <span class=\"_ _27b\"> </span>12,932 <span class=\"_ _111\"> </span>3,414  Guarant<span class=\"_ _0\"></span>ees for securing the good performanc<span class=\"_ _0\"></span>e of contr<span class=\"_ _0\"></span>acts with customers <span class=\"_ _1f1\"> </span>502,038 <span class=\"_ _c0\"> </span>231,506  Guarant<span class=\"_ _0\"></span>ees for securing gr<span class=\"_ _0\"></span>ants <span class=\"_ _27c\"> </span>4,356 <span class=\"_ _b7\"> </span>9,5<span class=\"_ _0\"></span>73 34. Contingent liabilities A. Litigations &amp; administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>views Regar<span class=\"_ _0\"></span>ding Corinth Pipe<span class=\"_ _0\"></span>works\u2019 e<span class=\"_ _4\"></span>xports of large diameter w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) to the US f<span class=\"_ _0\"></span>or the periods April 2020 - April 2021 and April 2021 - April 2022, additionaladminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>ere<span class=\"_ _4\"></span>views fr<span class=\"_ _0\"></span>om the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) are e<span class=\"_ _4\"></span>xpected. \u039do pro<span class=\"_ _0\"></span>vision has been r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in r<span class=\"_ _0\"></span>espect to these administr<span class=\"_ _4\"></span>ativer<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws due to the follo<span class=\"_ _0\"></span>wing facts:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2020 - April 2021 there w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e no sales to the US subject to antidumping duties; thus, no additional chargeis e<span class=\"_ _4\"></span>xpected for that period.  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2021 - April 2022 sales to the US subject to antidumping duties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e not material. T<span class=\"_ _0\"></span>he outcome of such adminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>view is consider<span class=\"_ _0\"></span>ed as highly v<span class=\"_ _0\"></span>olatile and har<span class=\"_ _0\"></span>d to pr<span class=\"_ _0\"></span>edict, thus the amount of any arising liability cannot be r<span class=\"_ _0\"></span>easonably estimat<span class=\"_ _0\"></span>ed. B. Contingent tax liabilities The tax filings of the subsidiaries ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>outinely subjected t<span class=\"_ _0\"></span>o audit by the tax authorities in mos<span class=\"_ _0\"></span>t of the jurisdictions in which Cener<span class=\"_ _0\"></span>gy Holdings conduct business. T<span class=\"_ _0\"></span>hese audits ma<span class=\"_ _0\"></span>y result in as<span class=\"_ _0\"></span>sessments of additional tax<span class=\"_ _0\"></span>es. Cener<span class=\"_ _4\"></span>gy<span class=\"_ _8\"></span> Holdings pro<span class=\"_ _4\"></span>vide for additional tax in relation t<span class=\"_ _0\"></span>o the outcome of such tax as<span class=\"_ _0\"></span>sessments at the amount e<span class=\"_ _4\"></span>xpected to be settled (<span class=\"_ _0\"></span>or rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed). Cener<span class=\"_ _0\"></span>gy Holdings believ<span class=\"_ _4\"></span>e that its accruals for tax liabilities ar<span class=\"_ _0\"></span>e adequate f<span class=\"_ _0\"></span>or all open tax y<span class=\"_ _0\"></span>ears based on its assessment of underlying f<span class=\"_ _0\"></span>actors, including int<span class=\"_ _0\"></span>erpretations of tax la<span class=\"_ _4\"></span>w and prior experience. 35. Relat<span class=\"_ _0\"></span>ed parties A. Related party tr<span class=\"_ _4\"></span>ansactions<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing tr<span class=\"_ _4\"></span>ansactions have been made with V<span class=\"_ _0\"></span>iohalco and its subsidiaries, equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees and other relat<span class=\"_ _0\"></span>ed parties:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Sales of goods <span class=\"_ _a7\"> </span> <span class=\"_ _137\"> </span>  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _27d\"> </span>181,785 <span class=\"_ _b5\"> </span>166,<span class=\"_ _0\"></span>161  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _26e\"> </span>77<span class=\"_ _4\"></span>,944 <span class=\"_ _ad\"> </span>85,238  <span class=\"_ _ed\"> </span>259<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>29 251,399  Sales of services <span class=\"_ _27e\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _13d\"> </span>275 <span class=\"_ _114\"> </span>272  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _13e\"> </span>2,07<span class=\"_ _0\"></span>3 <span class=\"_ _cb\"> </span>2,003  <span class=\"_ _ed\"> </span>2,348 2,27<span class=\"_ _4\"></span>4  Sales of property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _10\"> </span>   Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _27f\"> </span>2 <span class=\"_ _be\"> </span>-  <span class=\"_ _280\"> </span>2 -  Purchases of goods  <span class=\"_ _1e8\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _15c\"> </span>89 <span class=\"_ _281\"> </span>8  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _16f\"> </span>23,156 <span class=\"_ _af\"> </span>20,7<span class=\"_ _4\"></span>44  <span class=\"_ _161\"> </span>23,244 20<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>52  Purchases of services <span class=\"_ _ee\"> </span>   Viohalco <span class=\"_ _b2\"> </span>158 <span class=\"_ _11a\"> </span>86  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _13c\"> </span>8,417 <span class=\"_ _c7\"> </span>6,779  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _16b\"> </span>18,962 <span class=\"_ _ec\"> </span>14,528  <span class=\"_ _cf\"> </span>2<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,538 21,394  Purchase of property<span class=\"_ _1\"></span>, plant and equipment <span class=\"_ _1d7\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _200\"> </span>3 <span class=\"_ _be\"> </span>- <span class=\"_ _2\"></span>  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _13e\"> </span>4,525 <span class=\"_ _b7\"> </span>4,414  <span class=\"_ _161\"> </span>4,528 4,4<span class=\"_ _0\"></span>14 Other relat<span class=\"_ _0\"></span>ed parties comprise subsidiaries, as<span class=\"_ _0\"></span>sociates and joint v<span class=\"_ _4\"></span>entures of Viohalc<span class=\"_ _0\"></span>o Group<span class=\"_ _0\"></span>. Closing balances that arise fr<span class=\"_ _0\"></span>om sales/<span class=\"_ _4\"></span>purchases of goods, services, fix<span class=\"_ _4\"></span>ed assets, etc. are as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current rec<span class=\"_ _0\"></span>eivables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _ff\"> </span> <span class=\"_ _137\"> </span>  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _13a\"> </span>395 <span class=\"_ _147\"> </span>208  <span class=\"_ _183\"> </span>395 208  Current rec<span class=\"_ _0\"></span>eivables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _26c\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _218\"> </span>9,463 <span class=\"_ _ec\"> </span>14,33<span class=\"_ _0\"></span>5  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _16b\"> </span>14,826 <span class=\"_ _c9\"> </span>17<span class=\"_ _1\"></span>,110  <span class=\"_ _282\"> </span>24,290 31,445  Current liabilities to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _283\"> </span>   Parent c<span class=\"_ _0\"></span>ompany <span class=\"_ _284\"> </span>156 <span class=\"_ _103\"> </span>168  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _285\"> </span>2,304 <span class=\"_ _253\"> </span>1,020  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _ed\"> </span>9,<span class=\"_ _0\"></span>118 <span class=\"_ _204\"> </span>11,337  <span class=\"_ _13a\"> </span>11,5<span class=\"_ _0\"></span>78 12,525 The outstanding balanc<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om rela<span class=\"_ _0\"></span>ted parties ar<span class=\"_ _0\"></span>e not secur<span class=\"_ _0\"></span>ed and the settlement of those curr<span class=\"_ _0\"></span>ent balances is expect<span class=\"_ _0\"></span>ed to be perf<span class=\"_ _0\"></span>ormed in cash during the ne<span class=\"_ _0\"></span>xt year<span class=\"_ _1\"></span>, since the balances c<span class=\"_ _0\"></span>oncern only short-term r<span class=\"_ _4\"></span>eceivables &amp; pay<span class=\"_ _0\"></span>ables, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>or the balances classified as non-curr<span class=\"_ _4\"></span>ent receiv<span class=\"_ _0\"></span>ables from r<span class=\"_ _4\"></span>elated parties, which concerns t<span class=\"_ _0\"></span>o long-term guar<span class=\"_ _0\"></span>antees giv<span class=\"_ _4\"></span>en to relat<span class=\"_ _0\"></span>ed parties pro<span class=\"_ _4\"></span>viding energy services to Gr<span class=\"_ _4\"></span>oup\u2019s subsidiaries. B. Ke<span class=\"_ _4\"></span>y management personnel compensation The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an o<span class=\"_ _0\"></span>vervie<span class=\"_ _4\"></span>w of the transactions with Board members and e<span class=\"_ _4\"></span>xecutiv<span class=\"_ _0\"></span>e management.  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Compensation to BoD members and e<span class=\"_ _4\"></span>xecutives <span class=\"_ _7f\"> </span>1,285 <span class=\"_ _b7\"> </span>1,060 The c<span class=\"_ _0\"></span>ompensation to dir<span class=\"_ _0\"></span>ectors and e<span class=\"_ _4\"></span>xecutiv<span class=\"_ _0\"></span>e management in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e is fix<span class=\"_ _0\"></span>ed. No variable c<span class=\"_ _0\"></span>ompensation, post-emplo<span class=\"_ _0\"></span>yment benefits or shar<span class=\"_ _0\"></span>e based benefits wer<span class=\"_ _4\"></span>e paid.<span class=\"_ _8\"></span>  36. Audit<span class=\"_ _0\"></span>or<span class=\"_ _8\"></span>\u2019s fees The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s statut<span class=\"_ _0\"></span>ory auditor (PwC Re<span class=\"_ _0\"></span>viseurs d\u2019Entr<span class=\"_ _0\"></span>eprises SRL / Bedrijfsr<span class=\"_ _0\"></span>evisor<span class=\"_ _4\"></span>en BV) and a number of other<span class=\"_ _8\"></span> member firms of the auditor\u2019s netw<span class=\"_ _0\"></span>ork, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed fees f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing services:  <span class=\"_ _286\"> </span>For y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  PwC Reviseurs d\u2019Entr<span class=\"_ _0\"></span>eprises SRL / Bedrijfsre<span class=\"_ _0\"></span>visoren B<span class=\"_ _0\"></span>V <span class=\"_ _171\"> </span> <span class=\"_ _137\"> </span>  Audit <span class=\"_ _287\"> </span>112 <span class=\"_ _109\"> </span>105 Audit rela<span class=\"_ _0\"></span>ted services <span class=\"_ _14d\"> </span>16 <span class=\"_ _14f\"> </span>22 <span class=\"_ _cf\"> </span>128 126  PwC Network <span class=\"_ _288\"> </span>   Audit <span class=\"_ _289\"> </span>304 <span class=\"_ _d0\"> </span>284 T<span class=\"_ _1\"></span>ax related servic<span class=\"_ _0\"></span>es <span class=\"_ _223\"> </span>93 <span class=\"_ _103\"> </span>136 Other services <span class=\"_ _28a\"> </span>-  <span class=\"_ _c6\"> </span>4 <span class=\"_ _28b\"> </span><span class=\"ls50 ws69\">397</span> <span class=\"_ _147\"> </span><span class=\"lse5 ws6b\">424</span> T<span class=\"_ _1\"></span>otal 525<span class=\"ws1\"> <span class=\"_ _109\"> </span>551</span>37<span class=\"_ _2\"></span>. Subsequent ev<span class=\"_ _0\"></span>ents  On March 8th, 20<span class=\"_ _0\"></span>23, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Board of dir<span class=\"_ _4\"></span>ectors decided to propose t<span class=\"_ _0\"></span>o the Or<span class=\"_ _0\"></span>dinary General Shareholders\u2019 meeting t<span class=\"_ _0\"></span>o be held on 30.<span class=\"_ _0\"></span>05.2023, the appr<span class=\"_ _4\"></span>oval of a gr<span class=\"_ _4\"></span>oss dividend of EUR 0.05 per shar<span class=\"_ _0\"></span>e.  No other subsequent ev<span class=\"_ _4\"></span>ent for which disclosure is r<span class=\"_ _0\"></span>equired in the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements has oc<span class=\"_ _0\"></span>curred since 31 December 20<span class=\"_ _0\"></span>22. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-2-2": {
   "value": "Cener<span class=\"_ _0\"></span>gy HoldingsT<span class=\"_ _0\"></span>he Compan<span class=\"_ _0\"></span>y\u2019s Consolidated Financial S<span class=\"_ _0\"></span>tatements include those of the C<span class=\"_ _0\"></span>ompany and its subsidiaries (together r<span class=\"_ _4\"></span>eferred to as \u201cthe Group\u201d), and C<span class=\"_ _0\"></span>energy Holdings\u2019 int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in associat<span class=\"_ _0\"></span>es acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or using the equity method.  The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  3. Functional currency and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency  The functional and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency of the Compan<span class=\"_ _0\"></span>y and the Gr<span class=\"_ _0\"></span>oupis the euro<span class=\"_ _0\"></span>. All amounts in the Consolidated Financial S<span class=\"_ _0\"></span>tatements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ounded to the near<span class=\"_ _0\"></span>est thousand, unles<span class=\"_ _0\"></span>s otherwise indicated. As such, due to r<span class=\"_ _0\"></span>ounding, figur<span class=\"_ _0\"></span>es shown as t<span class=\"_ _0\"></span>otals in certain tables ma<span class=\"_ _0\"></span>y not be arithmetic aggr<span class=\"_ _0\"></span>egations of the figur<span class=\"_ _0\"></span>es that prec<span class=\"_ _0\"></span>ede them. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24368": {
   "value": "Cenergy Holdings",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24371": {
   "value": "S.A. ",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24381": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24382": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24383": {
   "value": "Belgium",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24400": {
   "value": "30 Avenue Marnix, 1000 Brussels",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-13-2": {
   "value": "Cenergy Holdings is a holding company with participations in 16 companies. With production facilities in Greece, Bulgaria and Romania, Cenergy Holdings\u2019 subsidiaries specialise in manufacturing steel pipes and cables products. Information on the Group\u2019s structure is provided in note 31. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-15-2": {
   "value": "Cener<span class=\"_ _0\"></span>gy Holdings is a subsidiary of Viohalc<span class=\"_ _0\"></span>o S.A.(79.<span class=\"_ _4\"></span>78% of voting rights). V<span class=\"_ _4\"></span>iohalco S.A. (hereafter r<span class=\"_ _4\"></span>eferred to as \u201cViohalc<span class=\"_ _0\"></span>o\u201d) is a Belgium-based holding compan<span class=\"_ _0\"></span>y whose subsidiaries are specialised in the manuf<span class=\"_ _0\"></span>actur<span class=\"_ _0\"></span>e of aluminium, copper<span class=\"_ _1\"></span>, cables, steel and steel pipes pr<span class=\"_ _0\"></span>oducts, and ar<span class=\"_ _0\"></span>e committ<span class=\"_ _0\"></span>ed to the sus<span class=\"_ _0\"></span>tainable dev<span class=\"_ _4\"></span>elopment of<span class=\"_ _8\"></span> quality<span class=\"_ _1\"></span>, innova<span class=\"_ _0\"></span>tive and v<span class=\"_ _4\"></span>alue-added products and solutions for a dynamic global client base.  35. Relat<span class=\"_ _0\"></span>ed parties A. Related party tr<span class=\"_ _4\"></span>ansactions<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing tr<span class=\"_ _4\"></span>ansactions have been made with V<span class=\"_ _0\"></span>iohalco and its subsidiaries, equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees and other relat<span class=\"_ _0\"></span>ed parties:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Sales of goods <span class=\"_ _a7\"> </span> <span class=\"_ _137\"> </span>  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _27d\"> </span>181,785 <span class=\"_ _b5\"> </span>166,<span class=\"_ _0\"></span>161  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _26e\"> </span>77<span class=\"_ _4\"></span>,944 <span class=\"_ _ad\"> </span>85,238  <span class=\"_ _ed\"> </span>259<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>29 251,399  Sales of services <span class=\"_ _27e\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _13d\"> </span>275 <span class=\"_ _114\"> </span>272  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _13e\"> </span>2,07<span class=\"_ _0\"></span>3 <span class=\"_ _cb\"> </span>2,003  <span class=\"_ _ed\"> </span>2,348 2,27<span class=\"_ _4\"></span>4  Sales of property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _10\"> </span>   Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _27f\"> </span>2 <span class=\"_ _be\"> </span>-  <span class=\"_ _280\"> </span>2 -  Purchases of goods  <span class=\"_ _1e8\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _15c\"> </span>89 <span class=\"_ _281\"> </span>8  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _16f\"> </span>23,156 <span class=\"_ _af\"> </span>20,7<span class=\"_ _4\"></span>44  <span class=\"_ _161\"> </span>23,244 20<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>52  Purchases of services <span class=\"_ _ee\"> </span>   Viohalco <span class=\"_ _b2\"> </span>158 <span class=\"_ _11a\"> </span>86  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _13c\"> </span>8,417 <span class=\"_ _c7\"> </span>6,779  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _16b\"> </span>18,962 <span class=\"_ _ec\"> </span>14,528  <span class=\"_ _cf\"> </span>2<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,538 21,394  Purchase of property<span class=\"_ _1\"></span>, plant and equipment <span class=\"_ _1d7\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _200\"> </span>3 <span class=\"_ _be\"> </span>- <span class=\"_ _2\"></span>  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _13e\"> </span>4,525 <span class=\"_ _b7\"> </span>4,414  <span class=\"_ _161\"> </span>4,528 4,4<span class=\"_ _0\"></span>14 Other relat<span class=\"_ _0\"></span>ed parties comprise subsidiaries, as<span class=\"_ _0\"></span>sociates and joint v<span class=\"_ _4\"></span>entures of Viohalc<span class=\"_ _0\"></span>o Group<span class=\"_ _0\"></span>. Closing balances that arise fr<span class=\"_ _0\"></span>om sales/<span class=\"_ _4\"></span>purchases of goods, services, fix<span class=\"_ _4\"></span>ed assets, etc. are as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current rec<span class=\"_ _0\"></span>eivables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _ff\"> </span> <span class=\"_ _137\"> </span>  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _13a\"> </span>395 <span class=\"_ _147\"> </span>208  <span class=\"_ _183\"> </span>395 208  Current rec<span class=\"_ _0\"></span>eivables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _26c\"> </span>   Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _218\"> </span>9,463 <span class=\"_ _ec\"> </span>14,33<span class=\"_ _0\"></span>5  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _16b\"> </span>14,826 <span class=\"_ _c9\"> </span>17<span class=\"_ _1\"></span>,110  <span class=\"_ _282\"> </span>24,290 31,445  Current liabilities to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _283\"> </span>   Parent c<span class=\"_ _0\"></span>ompany <span class=\"_ _284\"> </span>156 <span class=\"_ _103\"> </span>168  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _285\"> </span>2,304 <span class=\"_ _253\"> </span>1,020  Other relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _ed\"> </span>9,<span class=\"_ _0\"></span>118 <span class=\"_ _204\"> </span>11,337  <span class=\"_ _13a\"> </span>11,5<span class=\"_ _0\"></span>78 12,525 The outstanding balanc<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om rela<span class=\"_ _0\"></span>ted parties ar<span class=\"_ _0\"></span>e not secur<span class=\"_ _0\"></span>ed and the settlement of those curr<span class=\"_ _0\"></span>ent balances is expect<span class=\"_ _0\"></span>ed to be perf<span class=\"_ _0\"></span>ormed in cash during the ne<span class=\"_ _0\"></span>xt year<span class=\"_ _1\"></span>, since the balances c<span class=\"_ _0\"></span>oncern only short-term r<span class=\"_ _4\"></span>eceivables &amp; pay<span class=\"_ _0\"></span>ables, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>or the balances classified as non-curr<span class=\"_ _4\"></span>ent receiv<span class=\"_ _0\"></span>ables from r<span class=\"_ _4\"></span>elated parties, which concerns t<span class=\"_ _0\"></span>o long-term guar<span class=\"_ _0\"></span>antees giv<span class=\"_ _4\"></span>en to relat<span class=\"_ _0\"></span>ed parties pro<span class=\"_ _4\"></span>viding energy services to Gr<span class=\"_ _4\"></span>oup\u2019s subsidiaries. B. Ke<span class=\"_ _4\"></span>y management personnel compensation The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an o<span class=\"_ _0\"></span>vervie<span class=\"_ _4\"></span>w of the transactions with Board members and e<span class=\"_ _4\"></span>xecutiv<span class=\"_ _0\"></span>e management.  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Compensation to BoD members and e<span class=\"_ _4\"></span>xecutives <span class=\"_ _7f\"> </span>1,285 <span class=\"_ _b7\"> </span>1,060 The c<span class=\"_ _0\"></span>ompensation to dir<span class=\"_ _0\"></span>ectors and e<span class=\"_ _4\"></span>xecutiv<span class=\"_ _0\"></span>e management in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e is fix<span class=\"_ _0\"></span>ed. No variable c<span class=\"_ _0\"></span>ompensation, post-emplo<span class=\"_ _0\"></span>yment benefits or shar<span class=\"_ _0\"></span>e based benefits wer<span class=\"_ _4\"></span>e paid.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24474": {
   "value": "Viohalco S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "f24475": {
   "value": "Viohalco S.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-2": {
   "value": "2. Basis of acc<span class=\"_ _0\"></span>ounting Statement of c<span class=\"_ _0\"></span>ompliance The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  Details of the Company\u2019<span class=\"_ _4\"></span>s accounting policies are included in Not<span class=\"_ _0\"></span>e 5. Basis of measurement The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements hav<span class=\"_ _4\"></span>e been prepared in ac<span class=\"_ _0\"></span>cor<span class=\"_ _4\"></span>dance with the historical cos<span class=\"_ _0\"></span>t principle with the ex<span class=\"_ _4\"></span>ception of the follo<span class=\"_ _0\"></span>wing assets and liabilities which ar<span class=\"_ _0\"></span>e measured on an alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e basis on each r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>.  \u2022 <span class=\"_ _23\"> </span>Deriv<span class=\"_ _4\"></span>ative financial instruments held f<span class=\"_ _0\"></span>or hedging purposes (fair v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>); \u2022 <span class=\"_ _23\"> </span>Equit<span class=\"_ _0\"></span>y inv<span class=\"_ _4\"></span>estments at FVOCI (f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>); \u2022 <span class=\"_ _23\"> </span>Net defined benefit liabilit<span class=\"_ _0\"></span>y (present v<span class=\"_ _4\"></span>alue of the obligation).<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has pr<span class=\"_ _0\"></span>epared the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements on the basis that it will c<span class=\"_ _0\"></span>ontinue to oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e as a going concern. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-19-3": {
   "value": "2. Basis of acc<span class=\"_ _0\"></span>ounting Statement of c<span class=\"_ _0\"></span>ompliance The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  Details of the Company\u2019<span class=\"_ _4\"></span>s accounting policies are included in Not<span class=\"_ _0\"></span>e 5. Basis of measurement The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements hav<span class=\"_ _4\"></span>e been prepared in ac<span class=\"_ _0\"></span>cor<span class=\"_ _4\"></span>dance with the historical cos<span class=\"_ _0\"></span>t principle with the ex<span class=\"_ _4\"></span>ception of the follo<span class=\"_ _0\"></span>wing assets and liabilities which ar<span class=\"_ _0\"></span>e measured on an alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e basis on each r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>.  \u2022 <span class=\"_ _23\"> </span>Deriv<span class=\"_ _4\"></span>ative financial instruments held f<span class=\"_ _0\"></span>or hedging purposes (fair v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>); \u2022 <span class=\"_ _23\"> </span>Equit<span class=\"_ _0\"></span>y inv<span class=\"_ _4\"></span>estments at FVOCI (f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>); \u2022 <span class=\"_ _23\"> </span>Net defined benefit liabilit<span class=\"_ _0\"></span>y (present v<span class=\"_ _4\"></span>alue of the obligation).<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has pr<span class=\"_ _0\"></span>epared the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements on the basis that it will c<span class=\"_ _0\"></span>ontinue to oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e as a going concern. 3. Functional currency and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency  The functional and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency of the Compan<span class=\"_ _0\"></span>y and the Gr<span class=\"_ _0\"></span>oupis the euro<span class=\"_ _0\"></span>. All amounts in the Consolidated Financial S<span class=\"_ _0\"></span>tatements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ounded to the near<span class=\"_ _0\"></span>est thousand, unles<span class=\"_ _0\"></span>s otherwise indicated. As such, due to r<span class=\"_ _0\"></span>ounding, figur<span class=\"_ _0\"></span>es shown as t<span class=\"_ _0\"></span>otals in certain tables ma<span class=\"_ _0\"></span>y not be arithmetic aggr<span class=\"_ _0\"></span>egations of the figur<span class=\"_ _0\"></span>es that prec<span class=\"_ _0\"></span>ede them. 4. Use of estimat<span class=\"_ _0\"></span>es and judgements Preparing financial s<span class=\"_ _0\"></span>tatements in line with IFRS r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es that Management mak<span class=\"_ _0\"></span>es judgements, estimat<span class=\"_ _0\"></span>es and assumptions that affect the applica<span class=\"_ _0\"></span>tion of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and the report<span class=\"_ _0\"></span>ed amounts of assets, liabilities, income and e<span class=\"_ _4\"></span>xpenses. The actual results ma<span class=\"_ _0\"></span>y differ fr<span class=\"_ _0\"></span>om these estimat<span class=\"_ _0\"></span>es.  Management\u2019s estima<span class=\"_ _0\"></span>tes and judgements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>wed on an ongoing basis. Re<span class=\"_ _0\"></span>visions to estimat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised prospectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  Information about judgements, assumptions and es<span class=\"_ _0\"></span>timation uncertainties that ha<span class=\"_ _4\"></span>ve significant risk of resulting in a material adjustment t<span class=\"_ _0\"></span>o the carrying amounts of assets and liabilities in the ne<span class=\"_ _4\"></span>xt financial year is included in the follo<span class=\"_ _0\"></span>wing notes: \u2022<span class=\"_ _12\"> </span>Note 7<span class=\"_ _1\"></span>.F \u2013 Rev<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition;\u2022<span class=\"_ _12\"> </span>Note 11.<span class=\"_ _0\"></span>C.a \u2013 Measurement of defined benefit obliga<span class=\"_ _0\"></span>tions: ke<span class=\"_ _4\"></span>y actuarial assumptions;\u2022<span class=\"_ _12\"> </span>Note 13.<span class=\"_ _0\"></span>C \u2013 Recognition of def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets, a<span class=\"_ _0\"></span>vailabilit<span class=\"_ _0\"></span>y of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits against which carryforw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>dtax losses can be used;\u2022<span class=\"_ _12\"> </span>Note 15.B \u2013 Reco<span class=\"_ _4\"></span>verabilit<span class=\"_ _0\"></span>y of ov<span class=\"_ _4\"></span>erdue rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able from a f<span class=\"_ _0\"></span>ormer cust<span class=\"_ _0\"></span>omer in the Middle-East;\u2022<span class=\"_ _12\"> </span>Note 17<span class=\"_ _1\"></span>.D \u2013 Impairment loss on Property<span class=\"_ _1\"></span>, plant and equipment;\u2022<span class=\"_ _12\"> </span>Note 19.D \u2013 Impairment tes<span class=\"_ _0\"></span>t: ke<span class=\"_ _4\"></span>y assumptions underlying reco<span class=\"_ _4\"></span>verable amounts;\u2022<span class=\"_ _12\"> </span>Note 20.B \u2013 Measur<span class=\"_ _0\"></span>ement of fair v<span class=\"_ _4\"></span>alue of Investment pr<span class=\"_ _4\"></span>operty;\u2022<span class=\"_ _12\"> </span>Note 30.<span class=\"_ _4\"></span>C1 \u2013 Measurement of expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses on tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets: k<span class=\"_ _4\"></span>ey assumptionsin determining e<span class=\"_ _0\"></span>xpected los<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>tes.5.<span class=\"_\"> </span>Significant acc<span class=\"_ _0\"></span>ounting policiesThe ac<span class=\"_ _0\"></span>counting principles described belo<span class=\"_ _0\"></span>w hav<span class=\"_ _4\"></span>e been consistently applied t<span class=\"_ _0\"></span>o all periods present<span class=\"_ _0\"></span>ed in these Consolidated Financial S<span class=\"_ _0\"></span>tatements and ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e also been consis<span class=\"_ _0\"></span>tently applied b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings and its subsidiaries and its equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estees.  5.<span class=\"_ _4\"></span>1 Basis of Consolidation<span class=\"_ _8\"></span> (a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. (b)<span class=\"_\"> </span>C<span class=\"_ _0\"></span>ommon contr<span class=\"_ _0\"></span>ol transactionsA business combination, in which all of the c<span class=\"_ _0\"></span>ombining entities or businesses ar<span class=\"_ _0\"></span>e ultimat<span class=\"_ _0\"></span>ely contr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y the same party or parties both befor<span class=\"_ _0\"></span>e and after the busines<span class=\"_ _0\"></span>s combination and when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is not transit<span class=\"_ _0\"></span>ory<span class=\"_ _1\"></span>, is a common<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>ol tr<span class=\"_ _0\"></span>ansaction. The Gr<span class=\"_ _0\"></span>oup has chosen to ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or such common c<span class=\"_ _0\"></span>ontrol tr<span class=\"_ _4\"></span>ansactions at book value (<span class=\"_ _0\"></span>carry-ov<span class=\"_ _4\"></span>er basis). The identifiable net assets ac<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed are not measur<span class=\"_ _4\"></span>ed at fair value but r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded at their carrying amounts; <span class=\"ws1\">intangible as<span class=\"_ _0\"></span>sets and contingent liabilities ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed only to the e<span class=\"_ _0\"></span>xtent that the<span class=\"_ _4\"></span>y were r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> </span>befor<span class=\"_ _0\"></span>e the business combina<span class=\"_ _0\"></span>tion in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with applicable IFRS. Any diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the consider<span class=\"_ _4\"></span>ation paid<span class=\"_ _8\"></span> and the capital of the acquir<span class=\"_ _0\"></span>ee is present<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>etained earnings within equity<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>ransaction cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e expensed as incurred. (c<span class=\"_ _0\"></span>)  Subsidiaries Subsidiaries are entities c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>olled by C<span class=\"_ _0\"></span>energy Holdings. C<span class=\"_ _0\"></span>energy Holdings c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols an entity when it is e<span class=\"_ _0\"></span>xposed to<span class=\"_ _0\"></span>, or has rights to<span class=\"_ _0\"></span>, variable r<span class=\"_ _4\"></span>eturns from its inv<span class=\"_ _4\"></span>olvement with the entity and has the ability to aff<span class=\"_ _0\"></span>ect those r<span class=\"_ _0\"></span>eturns through its po<span class=\"_ _4\"></span>wer ov<span class=\"_ _4\"></span>er the entity<span class=\"_ _4\"></span>. The financial stat<span class=\"_ _0\"></span>ements of the subsidiaries are included in the C<span class=\"_ _0\"></span>onsolidated Financial Statements fr<span class=\"_ _4\"></span>om the date on which control c<span class=\"_ _0\"></span>ommences until the da<span class=\"_ _0\"></span>te on which contr<span class=\"_ _4\"></span>ol ceases.<span class=\"_ _8\"></span> (d) Non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>ts Non-contr<span class=\"_ _0\"></span>olling inter<span class=\"_ _0\"></span>ests (NCI) ar<span class=\"_ _4\"></span>e measured at fair v<span class=\"_ _0\"></span>alue or at their pr<span class=\"_ _0\"></span>oportionate shar<span class=\"_ _4\"></span>e of the acquiree\u2019<span class=\"_ _0\"></span>s identifiable net assets at the dat<span class=\"_ _0\"></span>e of acquisition. T<span class=\"_ _0\"></span>his measurement is done on an ac<span class=\"_ _0\"></span>quisition by ac<span class=\"_ _0\"></span>quisition basis.  Changes in Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>est in a subsidiary that do not r<span class=\"_ _4\"></span>esult in a loss of control ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as equity transactions. (e<span class=\"_ _4\"></span>) Loss of control When Cener<span class=\"_ _0\"></span>gy Holdings loses contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a subsidiary<span class=\"_ _1\"></span>, the assets and liabilities of the subsidiary are der<span class=\"_ _0\"></span>ecognised, and any r<span class=\"_ _0\"></span>elated NCI and other c<span class=\"_ _0\"></span>omponents of equity<span class=\"_ _1\"></span>. Any resulting gain or los<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Any inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>etained in the former subsidiary is measur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is lost. (f) Associates Associates ar<span class=\"_ _4\"></span>e those entities in which Cenergy Holdings has significant influence<span class=\"_ _0\"></span>, but not contr<span class=\"_ _0\"></span>ol or joint contr<span class=\"_ _4\"></span>ol,<span class=\"_ _8\"></span> ov<span class=\"_ _4\"></span>er the financial and operating policies. This is gener<span class=\"_ _4\"></span>ally the case where Cener<span class=\"_ _0\"></span>gy Holdings holds betw<span class=\"_ _0\"></span>een 20% and 50% of the voting rights. In<span class=\"_ _4\"></span>vestments in associat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method of accounting (<span class=\"_ _0\"></span>see (h) below), aft<span class=\"_ _0\"></span>er initially being r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost. (g) Joint arr<span class=\"_ _0\"></span>angements Under IFRS 11 Joint Arrangements, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments in joint arr<span class=\"_ _0\"></span>angements ar<span class=\"_ _0\"></span>e classified as either joint oper<span class=\"_ _0\"></span>ations or joint ventur<span class=\"_ _4\"></span>es. The classification depends on the contr<span class=\"_ _4\"></span>actual rights and obligations of each inves<span class=\"_ _0\"></span>tor<span class=\"_ _1\"></span>, rather than the legal structur<span class=\"_ _0\"></span>e of the joint arrangement.  Joint operations Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses of joint operations and its share of an<span class=\"_ _0\"></span>y jointly held or incurr<span class=\"_ _0\"></span>ed assets, liabilities, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enues and expenses. These ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incorpor<span class=\"_ _4\"></span>ated in<span class=\"_ _8\"></span> the financial statements under the appr<span class=\"_ _4\"></span>opriate headings.  Joint ventures A joint ventur<span class=\"_ _4\"></span>e is an arrangement in which Cener<span class=\"_ _0\"></span>gy Holdings has joint contr<span class=\"_ _0\"></span>ol, wher<span class=\"_ _0\"></span>eby C<span class=\"_ _0\"></span>energy Holdings has rights to the net assets of the arr<span class=\"_ _4\"></span>angement, rather than rights to its assets and obligations f<span class=\"_ _0\"></span>or its liabilities. Inter<span class=\"_ _0\"></span>ests in joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method (see (h) belo<span class=\"_ _0\"></span>w), after initially being r<span class=\"_ _0\"></span>ecognised at cost in the c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _0\"></span>ed balance sheet. (h) Equity method Under the equity method of acc<span class=\"_ _0\"></span>ounting, the inv<span class=\"_ _4\"></span>estments are initially r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost and adjust<span class=\"_ _0\"></span>ed ther<span class=\"_ _0\"></span>eafter to r<span class=\"_ _0\"></span>ecognise C<span class=\"_ _0\"></span>energy Holdings\u2019 shar<span class=\"_ _4\"></span>e of the post-acquisition profits or losses of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee in profit or los<span class=\"_ _0\"></span>s, and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of mo<span class=\"_ _4\"></span>vements in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee, until the dat<span class=\"_ _0\"></span>e on which significant influence or joint contr<span class=\"_ _4\"></span>ol ceases. Dividends receiv<span class=\"_ _4\"></span>ed or receiv<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om associat<span class=\"_ _0\"></span>es and joint v<span class=\"_ _0\"></span>entures ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as a r<span class=\"_ _0\"></span>eduction in the carrying amount of the inv<span class=\"_ _4\"></span>estment.<span class=\"_ _8\"></span> When the Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of los<span class=\"_ _0\"></span>ses in an equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estment equals or ex<span class=\"_ _0\"></span>ceeds its int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the entity<span class=\"_ _1\"></span>, Cenergy Holdings does not r<span class=\"_ _0\"></span>ecognise further losses, unles<span class=\"_ _0\"></span>s it has incurred obliga<span class=\"_ _0\"></span>tions or made payments on behalf of the other entity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>ests in equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees comprise only of inter<span class=\"_ _4\"></span>ests in associates. (i) T<span class=\"_ _4\"></span>ransactions eliminated on c<span class=\"_ _0\"></span>onsolidation Intra gr<span class=\"_ _4\"></span>oup balances and transactions, and any unr<span class=\"_ _4\"></span>ealised income and expenses arising fr<span class=\"_ _0\"></span>om intra gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> transactions, ar<span class=\"_ _4\"></span>e eliminated. Unrealized gains arising fr<span class=\"_ _4\"></span>om transactions with equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> eliminated against the in<span class=\"_ _4\"></span>vestment to the e<span class=\"_ _4\"></span>xtent the Group\u2019<span class=\"_ _0\"></span>s inter<span class=\"_ _4\"></span>est in the inves<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>. Unrealiz<span class=\"_ _0\"></span>ed losses ar<span class=\"_ _0\"></span>e eliminated in the same wa<span class=\"_ _0\"></span>y as unr<span class=\"_ _0\"></span>ealized gains, but only to the e<span class=\"_ _4\"></span>xtent that there is no e<span class=\"_ _0\"></span>vidence of impairment. 5.2 Foreign curr<span class=\"_ _0\"></span>ency (a) Foreign curr<span class=\"_ _0\"></span>ency tr<span class=\"_ _0\"></span>ansactions T<span class=\"_ _1\"></span>ransactions in for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>encies are tr<span class=\"_ _4\"></span>anslated into the r<span class=\"_ _0\"></span>espective functional curr<span class=\"_ _4\"></span>encies of Cenergy Holdings\u2019 companies at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the dates of the tr<span class=\"_ _0\"></span>ansactions. Monetary assets and liabilities denominated in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currencies ar<span class=\"_ _4\"></span>e translated int<span class=\"_ _0\"></span>o functional currency a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rate at the r<span class=\"_ _4\"></span>eporting date. Non-monetary assets and liabilities that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _4\"></span>alue in a foreign currency ar<span class=\"_ _4\"></span>e translated int<span class=\"_ _0\"></span>o the functional currenc<span class=\"_ _0\"></span>y at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e, when the f<span class=\"_ _0\"></span>air value w<span class=\"_ _4\"></span>as determined.<span class=\"_ _8\"></span> For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and classified in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss based on the nature of the r<span class=\"_ _4\"></span>elated item of the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Financial Position.  Non-monetary items that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed based on historical c<span class=\"_ _0\"></span>ost in a f<span class=\"_ _0\"></span>oreign curr<span class=\"_ _4\"></span>ency are transla<span class=\"_ _0\"></span>ted at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e at the dat<span class=\"_ _0\"></span>e of the transaction. For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency differ<span class=\"_ _4\"></span>ences arising from the tr<span class=\"_ _0\"></span>anslation of qualifying cash flo<span class=\"_ _0\"></span>w hedges to the e<span class=\"_ _0\"></span>xtent that the hedges are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e and inv<span class=\"_ _4\"></span>estments in equity securities designated as at FV<span class=\"_ _4\"></span>OCI are rec<span class=\"_ _0\"></span>ognised as Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income (<span class=\"_ _0\"></span>OCI).  (b) F<span class=\"_ _0\"></span>oreign oper<span class=\"_ _4\"></span>ations<span class=\"_ _8\"></span> The assets and liabilities of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions, including goodwill and fair v<span class=\"_ _0\"></span>alue adjustments arising on acquisition, are tr<span class=\"_ _4\"></span>anslated into Euro a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rates of the r<span class=\"_ _4\"></span>eporting date. The inc<span class=\"_ _0\"></span>ome and expenses of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions are tr<span class=\"_ _4\"></span>anslated into Euro a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rates a<span class=\"_ _0\"></span>t the date of the tr<span class=\"_ _0\"></span>ansactions. T<span class=\"_ _0\"></span>he av<span class=\"_ _4\"></span>erage rat<span class=\"_ _0\"></span>e for the period is deemed to be an appr<span class=\"_ _0\"></span>opriate r<span class=\"_ _4\"></span>ate. For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency differ<span class=\"_ _4\"></span>ences are r<span class=\"_ _0\"></span>ecognised in OCI and ac<span class=\"_ _0\"></span>cumulated in the tr<span class=\"_ _0\"></span>anslation r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that the transla<span class=\"_ _0\"></span>tion differ<span class=\"_ _0\"></span>ence is allocat<span class=\"_ _0\"></span>ed to NCI. 5.3 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognizes r<span class=\"_ _4\"></span>evenue fr<span class=\"_ _4\"></span>om the following major sour<span class=\"_ _0\"></span>ces: \u2022 <span class=\"_ _23\"> </span>Sale of pr<span class=\"_ _4\"></span>oducts;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Ener<span class=\"_ _4\"></span>gy projects; \u2022 <span class=\"_ _23\"> </span>S<span class=\"_ _0\"></span>teel pipes pr<span class=\"_ _0\"></span>ojects, i.e<span class=\"_ _0\"></span>. onshor<span class=\"_ _0\"></span>e and offshore cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pipelines produc<span class=\"_ _0\"></span>ed for applications based on customers\u2019 specifications. \u2022 <span class=\"_ _23\"> </span>Cables pr<span class=\"_ _4\"></span>ojects, i.e. high-tech cust<span class=\"_ _0\"></span>omized under<span class=\"_ _4\"></span>ground and submarine cables and \u201cturnkey\u201d cable s<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>stems for po<span class=\"_ _0\"></span>wer or da<span class=\"_ _0\"></span>ta transmis<span class=\"_ _0\"></span>sion and distribution.  \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>endering of services. Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es re<span class=\"_ _4\"></span>venue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol of a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Consider<span class=\"_ _0\"></span>ation can v<span class=\"_ _0\"></span>ary because of trade disc<span class=\"_ _0\"></span>ounts, v<span class=\"_ _0\"></span>olume reba<span class=\"_ _0\"></span>tes, r<span class=\"_ _0\"></span>eturns or other similar items. Depending on the type of variable c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation, the most appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e method for measuring this v<span class=\"_ _0\"></span>ariable consider<span class=\"_ _0\"></span>ation is used.  Sale of products Cener<span class=\"_ _0\"></span>gy Holdings sells hollow s<span class=\"_ _0\"></span>tructural sections f<span class=\"_ _0\"></span>or the cons<span class=\"_ _0\"></span>truction sector<span class=\"_ _1\"></span>, power cables, t<span class=\"_ _0\"></span>elecom cables, wir<span class=\"_ _0\"></span>es and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials.  For sales of pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  The timing of the tr<span class=\"_ _0\"></span>ansfer of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol occurs when the goods ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been shipped to the cust<span class=\"_ _0\"></span>omers\u2019 location, unless otherwise specified in the terms of the contr<span class=\"_ _4\"></span>act. The terms defined on the contr<span class=\"_ _4\"></span>acts with customers are ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to Incoterms.  Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognised at a point in time is in<span class=\"_ _0\"></span>voic<span class=\"_ _0\"></span>ed either simultaneously with its r<span class=\"_ _0\"></span>ecognition or within a short time period from its r<span class=\"_ _4\"></span>ecognition. A receiv<span class=\"_ _4\"></span>able is recognised when the contr<span class=\"_ _4\"></span>ol is transferr<span class=\"_ _0\"></span>ed to the cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, as this repr<span class=\"_ _4\"></span>esents the point in time at which the right to considera<span class=\"_ _0\"></span>tion becomes unc<span class=\"_ _0\"></span>onditional. Energy projects The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>oduces and sells cust<span class=\"_ _0\"></span>omized pr<span class=\"_ _4\"></span>oducts to customers for ener<span class=\"_ _4\"></span>gy projects. In the cables sector<span class=\"_ _1\"></span>, Cenergy Holdings\u2019 subsidiaries also pr<span class=\"_ _0\"></span>oduce and sell \u201cturnke<span class=\"_ _4\"></span>y\u201d cable systems, i.<span class=\"_ _0\"></span>e. supply and install complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. For distinct perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions identified, the most appr<span class=\"_ _0\"></span>opriate method t<span class=\"_ _0\"></span>o measure pr<span class=\"_ _4\"></span>ogress is used. The methods used are the f<span class=\"_ _0\"></span>ollowing: \u2022<span class=\"_ _12\"> </span>For performance obliga<span class=\"_ _0\"></span>tions rela<span class=\"_ _0\"></span>ted to pr<span class=\"_ _4\"></span>oduction of customized pr<span class=\"_ _0\"></span>oducts, depending on the type of contr<span class=\"_ _4\"></span>actconcerned, the methods t<span class=\"_ _0\"></span>o measur<span class=\"_ _0\"></span>e progr<span class=\"_ _4\"></span>ess is estimated based on:i.<span class=\"_ _12\"> </span>Production time elapsed, i.<span class=\"_ _4\"></span>e. the ratio betw<span class=\"_ _0\"></span>een the actual time spent on the pr<span class=\"_ _0\"></span>oduction and the total numberof scheduled production time<span class=\"_ _0\"></span>. This method is used f<span class=\"_ _0\"></span>or submarine cables produc<span class=\"_ _0\"></span>ed in long continuouslengths, when time elapsed is the most r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant method to measure the pr<span class=\"_ _0\"></span>ogres<span class=\"_ _0\"></span>s of the performanc<span class=\"_ _0\"></span>eobligation.ii.<span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he quantity of manuf<span class=\"_ _0\"></span>actured and t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed cable drums or steel pipes c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed with the total quantity t<span class=\"_ _0\"></span>o beproduc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the contr<span class=\"_ _4\"></span>act. This method is used for customiz<span class=\"_ _0\"></span>ed land cables and st<span class=\"_ _0\"></span>eel pipes, sincethe production of such pr<span class=\"_ _4\"></span>oducts is performed in batches and as a result the perf<span class=\"_ _0\"></span>ormance obligations r<span class=\"_ _4\"></span>elatedare satisfied as c<span class=\"_ _0\"></span>ertain bat<span class=\"_ _0\"></span>ches of agreed quantities ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>oduced.\u2022<span class=\"_ _12\"> </span>For installation phases of cables sect<span class=\"_ _0\"></span>or<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s turnke<span class=\"_ _4\"></span>y projects, the method to measur<span class=\"_ _0\"></span>e progr<span class=\"_ _4\"></span>ess is based on appraisalof results achie<span class=\"_ _4\"></span>ved or milestones r<span class=\"_ _4\"></span>eached, based to clearly defined technical milestones, such as tr<span class=\"_ _4\"></span>ansport ormeters of cables installed. When miles<span class=\"_ _0\"></span>tones ar<span class=\"_ _0\"></span>e being used as a method to measur<span class=\"_ _4\"></span>e progress, these miles<span class=\"_ _0\"></span>tonesfaithfully depict the performanc<span class=\"_ _0\"></span>e.Management considers that these methods ar<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>opriate measur<span class=\"_ _4\"></span>es of the progress t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>war<span class=\"_ _4\"></span>ds complete satisfaction of these performance obliga<span class=\"_ _0\"></span>tions under IFRS 15.  The timing of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition, billings and cash collections r<span class=\"_ _4\"></span>esults in billed accounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able, unbilled rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables (c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets<span class=\"_ _0\"></span>), and customer adv<span class=\"_ _4\"></span>ances (c<span class=\"_ _0\"></span>ontract liabilities<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>hese contr<span class=\"_ _0\"></span>act assets and c<span class=\"_ _0\"></span>ontract liabilities are pr<span class=\"_ _4\"></span>esented on the Consolidated Stat<span class=\"_ _0\"></span>ement of Financial Position in the lines \u201cContr<span class=\"_ _0\"></span>act assets\u201d and \u201cContr<span class=\"_ _0\"></span>act liabilities\u201d respectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>. For products and servic<span class=\"_ _0\"></span>es for which r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time, amounts are billed as w<span class=\"_ _4\"></span>ork progresses in ac<span class=\"_ _0\"></span>cor<span class=\"_ _4\"></span>dance with agreed-upon contr<span class=\"_ _4\"></span>actual terms, either upon achiev<span class=\"_ _0\"></span>ement of contr<span class=\"_ _0\"></span>actual milest<span class=\"_ _0\"></span>ones, or at the final deliv<span class=\"_ _0\"></span>ery and acc<span class=\"_ _0\"></span>eptance of the manufactur<span class=\"_ _4\"></span>ed items.<span class=\"_ _8\"></span> Generally<span class=\"_ _1\"></span>, billing occurs subsequent to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition for cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed products and servic<span class=\"_ _0\"></span>es performed ov<span class=\"_ _4\"></span>er time resulting in contr<span class=\"_ _0\"></span>act assets. Ho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>, when advances fr<span class=\"_ _4\"></span>om customers are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed before r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognized, a c<span class=\"_ _0\"></span>ontract liabilit<span class=\"_ _0\"></span>y is rec<span class=\"_ _0\"></span>ognized.  Ther<span class=\"_ _0\"></span>e is not consider<span class=\"_ _4\"></span>ed to be a significant financing component in energy pr<span class=\"_ _4\"></span>ojects contracts with cust<span class=\"_ _0\"></span>omers, as the period between the r<span class=\"_ _4\"></span>ecognition of re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue and the milestone pa<span class=\"_ _4\"></span>yment is less than one year<span class=\"_ _4\"></span>. Rendering of services Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from rendering of servic<span class=\"_ _0\"></span>es in pr<span class=\"_ _0\"></span>oportion to the stage of c<span class=\"_ _0\"></span>ompletion of the transaction at the r<span class=\"_ _4\"></span>eporting date. The s<span class=\"_ _0\"></span>tage of completion is asses<span class=\"_ _0\"></span>sed based on surv<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>s of w<span class=\"_ _0\"></span>ork performed. Services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings are mainly r<span class=\"_ _4\"></span>elated with the products sold b<span class=\"_ _0\"></span>y its subsidiaries and mainly include:  \u2022 <span class=\"_ _23\"> </span>Metal pr<span class=\"_ _4\"></span>ocessing technical support service; \u2022 <span class=\"_ _23\"> </span>Design and engineering of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed applications; \u2022 <span class=\"_ _23\"> </span>Supervision servic<span class=\"_ _0\"></span>es; \u2022 <span class=\"_ _23\"> </span>Ins<span class=\"_ _0\"></span>tallation services; \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>epairs and replac<span class=\"_ _0\"></span>ements. All of the abov<span class=\"_ _4\"></span>e, when relat<span class=\"_ _0\"></span>ed to Ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects, are r<span class=\"_ _4\"></span>eported in the Cables\u2019 and Steel pipes\u2019 r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue streams, respectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> If payment f<span class=\"_ _0\"></span>or services is not due fr<span class=\"_ _0\"></span>om the cust<span class=\"_ _0\"></span>omer until the services ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>e, a c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>set is rec<span class=\"_ _0\"></span>ognised ov<span class=\"_ _4\"></span>er the period in which the services are perf<span class=\"_ _0\"></span>ormed repr<span class=\"_ _4\"></span>esenting the right to consideration f<span class=\"_ _0\"></span>or the services performed to da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>hese contr<span class=\"_ _4\"></span>act assets are pr<span class=\"_ _0\"></span>esented on the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Financial Position in the line \u201cContr<span class=\"_ _0\"></span>act assets\u201d. Contract c<span class=\"_ _0\"></span>osts Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognize the incr<span class=\"_ _4\"></span>emental costs of obtaining contr<span class=\"_ _0\"></span>acts with customers and the c<span class=\"_ _0\"></span>osts incurr<span class=\"_ _0\"></span>ed in fulfilling contr<span class=\"_ _0\"></span>acts with cust<span class=\"_ _0\"></span>omers that are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act as an asset, if those c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able, and r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>d them in the line \u201cContr<span class=\"_ _4\"></span>act costs\u201d in the Consolidated Sta<span class=\"_ _0\"></span>tement of Financial Position. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e costs incurred t<span class=\"_ _0\"></span>o obtain a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer that w<span class=\"_ _0\"></span>ould not hav<span class=\"_ _4\"></span>e been incurred if the contr<span class=\"_ _0\"></span>act had not been obtained.  Fulfilment costs ar<span class=\"_ _4\"></span>e only capitalised if they generat<span class=\"_ _0\"></span>e or enhance r<span class=\"_ _4\"></span>esources that will be used t<span class=\"_ _0\"></span>o satisfy performanc<span class=\"_ _0\"></span>e obligations in the future<span class=\"_ _0\"></span>. Assets arising fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts are amortiz<span class=\"_ _0\"></span>ed using either the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a period based on the estimated c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act dura<span class=\"_ _0\"></span>tion or based on the portion of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognised during the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ecution of the rela<span class=\"_ _0\"></span>ted contr<span class=\"_ _0\"></span>act. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e recognised as an e<span class=\"_ _0\"></span>xpense when incurred if the amortisa<span class=\"_ _0\"></span>tion period of the assets w<span class=\"_ _0\"></span>ould be one y<span class=\"_ _0\"></span>ear or less. 5.4 Employ<span class=\"_ _4\"></span>ee benefits<span class=\"_ _8\"></span>  (a) Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits ar<span class=\"_ _0\"></span>e expensed as the r<span class=\"_ _4\"></span>elated service is pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided. A liability is rec<span class=\"_ _0\"></span>ognised for the amount expect<span class=\"_ _0\"></span>ed to be paid if C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies hav<span class=\"_ _4\"></span>e a present legal or constructiv<span class=\"_ _4\"></span>e obligation<span class=\"_ _8\"></span> to pa<span class=\"_ _0\"></span>y this amount, as a result of pas<span class=\"_ _0\"></span>t service pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided b<span class=\"_ _0\"></span>y the emplo<span class=\"_ _0\"></span>yee and the obliga<span class=\"_ _0\"></span>tion can be estimat<span class=\"_ _0\"></span>ed reliably<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> (b) Defined c<span class=\"_ _0\"></span>ontribution plans Defined-contribution plans ar<span class=\"_ _0\"></span>e plans for the period aft<span class=\"_ _0\"></span>er the emplo<span class=\"_ _0\"></span>yee has c<span class=\"_ _0\"></span>eased to w<span class=\"_ _4\"></span>ork during which Cenergy Holdings pay<span class=\"_ _0\"></span>s a defined amount to a thir<span class=\"_ _0\"></span>d legal entity without an<span class=\"_ _0\"></span>y other obligation. The ac<span class=\"_ _0\"></span>crued cos<span class=\"_ _0\"></span>t of defined-contribution pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an expense in the period tha<span class=\"_ _0\"></span>t the relat<span class=\"_ _0\"></span>ed service is pr<span class=\"_ _4\"></span>ovided. (c<span class=\"_ _0\"></span>) Defined benefit plans Cener<span class=\"_ _0\"></span>gy Holdings\u2019 net obligation in r<span class=\"_ _0\"></span>espect of defined benefit plans is calculated separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely for each plan b<span class=\"_ _0\"></span>y estimating the amount of futur<span class=\"_ _0\"></span>e benefit that emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees hav<span class=\"_ _4\"></span>e earned in the current and prior periods, discounting that amount and deducting the fair v<span class=\"_ _0\"></span>alue of any plan as<span class=\"_ _0\"></span>sets. The disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate is based on high-quality c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate bonds that are denomina<span class=\"_ _0\"></span>ted in the curr<span class=\"_ _0\"></span>ency in which the benefits will be paid. The calculation of defined benefit obligations is perf<span class=\"_ _0\"></span>ormed annually b<span class=\"_ _0\"></span>y a qualified actuary using the project<span class=\"_ _0\"></span>ed unit credit method, while benefits ar<span class=\"_ _4\"></span>e attributed ov<span class=\"_ _4\"></span>er the last 16 years befor<span class=\"_ _4\"></span>e retirement of each emplo<span class=\"_ _4\"></span>yee. Remeasur<span class=\"_ _0\"></span>ements of the net defined benefit liability<span class=\"_ _1\"></span>, which comprise actuarial gains and losses, are r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> immediately in OCI. Cener<span class=\"_ _4\"></span>gy Holdings determines the net interes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xpense on the net defined benefit liability for the period by applying the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o measure the defined benefit obliga<span class=\"_ _0\"></span>tion at the beginning of the annual period to the then-net defined benefit liability<span class=\"_ _1\"></span>, taking into acc<span class=\"_ _0\"></span>ount any changes in the net defined benefit liability during the period as a result of c<span class=\"_ _0\"></span>ontributions and benefit payments. Net int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and other e<span class=\"_ _0\"></span>xpenses relat<span class=\"_ _0\"></span>ed to defined benefit plans ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss.  When the benefits of a plan are changed or when a plan is curtailed, the r<span class=\"_ _4\"></span>esulting change in benefit that relates to past servic<span class=\"_ _0\"></span>e or the gain or loss on curtailment is r<span class=\"_ _0\"></span>ecognised immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss. Cener<span class=\"_ _4\"></span>gy Holdings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognises gains and losses on the settlement of a defined benefit plan when the settlement oc<span class=\"_ _0\"></span>curs. (d) T<span class=\"_ _1\"></span>ermination benefits T<span class=\"_ _1\"></span>ermination benefits ar<span class=\"_ _0\"></span>e expensed a<span class=\"_ _0\"></span>t the earlier of when Cener<span class=\"_ _0\"></span>gy Holdings can no longer withdra<span class=\"_ _4\"></span>w the offer of<span class=\"_ _8\"></span> those benefits and when Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises cos<span class=\"_ _0\"></span>ts for a r<span class=\"_ _0\"></span>estructuring. If benefits ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be settled wholly within 12 months of the reporting da<span class=\"_ _0\"></span>te, then the<span class=\"_ _4\"></span>y are discounted. 5.5 Gov<span class=\"_ _4\"></span>ernment Grants  Grants fr<span class=\"_ _4\"></span>om the government ar<span class=\"_ _4\"></span>e recognized a<span class=\"_ _0\"></span>t their fair v<span class=\"_ _0\"></span>alue wher<span class=\"_ _0\"></span>e there is a r<span class=\"_ _4\"></span>easonable assurance that the gr<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> will be rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed and Cener<span class=\"_ _0\"></span>gy Holdings will comply with all at<span class=\"_ _0\"></span>tached conditions. Gov<span class=\"_ _4\"></span>ernment grants rela<span class=\"_ _0\"></span>ting to c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _4\"></span>ofit or loss ov<span class=\"_ _0\"></span>er the period necessary t<span class=\"_ _0\"></span>o match them with the c<span class=\"_ _0\"></span>osts that the<span class=\"_ _4\"></span>y are intended to c<span class=\"_ _0\"></span>ompensate<span class=\"_ _0\"></span>. Gov<span class=\"_ _4\"></span>ernment grants rela<span class=\"_ _0\"></span>ting to the pur<span class=\"_ _0\"></span>chase of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment are included in non-current liabilities as deferr<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ernment grants and ar<span class=\"_ _4\"></span>e credited to the C<span class=\"_ _0\"></span>onsolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss (line \u201cOther income\u201d) on a str<span class=\"_ _4\"></span>aight line basis over the e<span class=\"_ _4\"></span>xpected useful lives of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed assets. 5.6 Finance income and financ<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts Cener<span class=\"_ _0\"></span>gy Holdings\u2019 finance inc<span class=\"_ _0\"></span>ome and finance cos<span class=\"_ _0\"></span>ts mainly include: \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income; \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense; \u2022 <span class=\"_ _23\"> </span>dividend inc<span class=\"_ _0\"></span>ome; \u2022 <span class=\"_ _23\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y gains and losses fr<span class=\"_ _0\"></span>om loans and deposits. Dividend income is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss on the dat<span class=\"_ _0\"></span>e on which the right to r<span class=\"_ _4\"></span>eceive pa<span class=\"_ _0\"></span>yment is established. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  5.7 Inc<span class=\"_ _0\"></span>ome tax Income tax e<span class=\"_ _0\"></span>xpense comprises curr<span class=\"_ _4\"></span>ent and deferred tax. It is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it relat<span class=\"_ _0\"></span>es to a busines<span class=\"_ _0\"></span>s combination, or it<span class=\"_ _0\"></span>ems r<span class=\"_ _0\"></span>ecognised dir<span class=\"_ _0\"></span>ectly in equity or in OCI. A. Current tax Current tax c<span class=\"_ _0\"></span>omprised the e<span class=\"_ _0\"></span>xpected tax pa<span class=\"_ _0\"></span>yable or r<span class=\"_ _4\"></span>eceivable on the taxable inc<span class=\"_ _0\"></span>ome or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear and any adjustment to the tax pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able or rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able in respect of pr<span class=\"_ _4\"></span>evious years. It is measur<span class=\"_ _4\"></span>ed using tax rates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted at the r<span class=\"_ _4\"></span>eporting date. Current tax also includes an<span class=\"_ _0\"></span>y tax arising fr<span class=\"_ _0\"></span>om dividends. <span class=\"_ _4d\"> </span> Current tax as<span class=\"_ _0\"></span>sets and liabilities are offset only if c<span class=\"_ _0\"></span>ertain criteria ar<span class=\"_ _4\"></span>e met.<span class=\"_ _8\"></span> B. Deferred tax Deferr<span class=\"_ _0\"></span>ed tax is rec<span class=\"_ _0\"></span>ognised in r<span class=\"_ _0\"></span>espect of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences between the carrying amounts of assets and liabilities for financial r<span class=\"_ _0\"></span>eporting purposes and the amounts used for tax<span class=\"_ _0\"></span>ation purposes. Deferr<span class=\"_ _0\"></span>ed tax is not rec<span class=\"_ _0\"></span>ognised for: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences on the initial r<span class=\"_ _4\"></span>ecognition of assets or liabilities in a transaction that is not a busines<span class=\"_ _0\"></span>s combination and that aff<span class=\"_ _0\"></span>ects neither acc<span class=\"_ _0\"></span>ounting nor taxable pr<span class=\"_ _0\"></span>ofit or loss; \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences r<span class=\"_ _4\"></span>elated to inv<span class=\"_ _4\"></span>estments in subsidiaries, associates and joint arr<span class=\"_ _0\"></span>angements to the e<span class=\"_ _0\"></span>xtent that Cener<span class=\"_ _0\"></span>gy Holdings is able to c<span class=\"_ _0\"></span>ontrol the timing of the r<span class=\"_ _4\"></span>eversal of the t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences and it is pr<span class=\"_ _4\"></span>obable<span class=\"_ _8\"></span> that they will not r<span class=\"_ _4\"></span>everse in the f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable future; and \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>axable tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences arising on the initial r<span class=\"_ _0\"></span>ecognition of goodwill. Deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised for unused tax los<span class=\"_ _0\"></span>ses, unused tax cr<span class=\"_ _0\"></span>edits and deductible tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences to the e<span class=\"_ _0\"></span>xtent that is pr<span class=\"_ _4\"></span>obable that future taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>viewed at each r<span class=\"_ _4\"></span>eporting date and are r<span class=\"_ _0\"></span>educed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it is no longer pr<span class=\"_ _0\"></span>obable that the relat<span class=\"_ _0\"></span>ed tax benefit will be r<span class=\"_ _0\"></span>ealised; such reductions ar<span class=\"_ _4\"></span>e rev<span class=\"_ _4\"></span>ersed when the probability of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits impro<span class=\"_ _4\"></span>ves. Unrec<span class=\"_ _0\"></span>ognised deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eassessed a<span class=\"_ _0\"></span>t each reporting da<span class=\"_ _0\"></span>te and r<span class=\"_ _0\"></span>ecognised t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that is has become pr<span class=\"_ _0\"></span>obable that futur<span class=\"_ _0\"></span>e taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used.  Deferr<span class=\"_ _0\"></span>ed tax is measured a<span class=\"_ _0\"></span>t the tax ra<span class=\"_ _0\"></span>tes that ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be applied to t<span class=\"_ _0\"></span>emporary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences when the<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>verse, using tax r<span class=\"_ _0\"></span>ates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e. The measur<span class=\"_ _0\"></span>ements of deferr<span class=\"_ _4\"></span>ed tax reflects the tax consequences that w<span class=\"_ _4\"></span>ould follow fr<span class=\"_ _0\"></span>om the manner in which Cener<span class=\"_ _0\"></span>gy Holdings expects, a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er or settle the carrying amount of its assets and liabilities. Deferr<span class=\"_ _0\"></span>ed income tax assets and liabilities ar<span class=\"_ _4\"></span>e offset when there is a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o offset current tax assets against curr<span class=\"_ _0\"></span>ent tax liabilities and when the deferr<span class=\"_ _4\"></span>ed income taxes r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o the same fiscal authority<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.8 Inv<span class=\"_ _4\"></span>entories<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>entories are stat<span class=\"_ _0\"></span>ed at the lo<span class=\"_ _0\"></span>wer of c<span class=\"_ _0\"></span>ost and net r<span class=\"_ _0\"></span>ealisable v<span class=\"_ _0\"></span>alue. T<span class=\"_ _0\"></span>he cost is det<span class=\"_ _0\"></span>ermined b<span class=\"_ _0\"></span>y applying the method of weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage cost and includes the pr<span class=\"_ _4\"></span>oduction and conv<span class=\"_ _0\"></span>ersion cost and all dir<span class=\"_ _4\"></span>ect expenses requir<span class=\"_ _4\"></span>ed to bring<span class=\"_ _8\"></span> inv<span class=\"_ _4\"></span>entories at their current condition. T<span class=\"_ _4\"></span>he net realisable value is estima<span class=\"_ _0\"></span>ted based on the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory\u2019<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent sales price, in the or<span class=\"_ _4\"></span>dinary course of business activities, less any possible selling e<span class=\"_ _4\"></span>xpenses, whenev<span class=\"_ _0\"></span>er such a case occurs. The writ<span class=\"_ _0\"></span>e-down of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories t<span class=\"_ _0\"></span>o net r<span class=\"_ _0\"></span>ealisable value and an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersals are rec<span class=\"_ _0\"></span>ognized in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d in the period in which the write-do<span class=\"_ _0\"></span>wns occur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.9 Property<span class=\"_ _1\"></span>, plant and equipment<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Property<span class=\"_ _1\"></span>, plant and equipment are pr<span class=\"_ _0\"></span>esented a<span class=\"_ _0\"></span>t their acquisition cos<span class=\"_ _0\"></span>t less accumula<span class=\"_ _0\"></span>ted depr<span class=\"_ _0\"></span>eciation and impairment. The acquisition c<span class=\"_ _0\"></span>ost includes all e<span class=\"_ _4\"></span>xpenses that are directly as<span class=\"_ _0\"></span>sociated with the as<span class=\"_ _0\"></span>set\u2019s acquisition or self-construction. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of self-construct<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed assets includes the c<span class=\"_ _0\"></span>ost of dir<span class=\"_ _0\"></span>ect labour<span class=\"_ _4\"></span>, materials and an<span class=\"_ _0\"></span>y other cost that is r<span class=\"_ _4\"></span>equired for the fix<span class=\"_ _0\"></span>ed asset t<span class=\"_ _0\"></span>o be ready f<span class=\"_ _0\"></span>or use as w<span class=\"_ _0\"></span>ell as any borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wing costs.  Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only if it is probable that the future ec<span class=\"_ _0\"></span>onomic benefits associat<span class=\"_ _0\"></span>ed with the expenditur<span class=\"_ _4\"></span>e will flow to Cener<span class=\"_ _0\"></span>gy Holdings. Repair and maint<span class=\"_ _0\"></span>enance c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss when these are incurr<span class=\"_ _0\"></span>ed.On the sale of property<span class=\"_ _1\"></span>, plant and equipment, any differ<span class=\"_ _4\"></span>ence that may arise betw<span class=\"_ _0\"></span>een the price that is r<span class=\"_ _4\"></span>eceived and the carrying value ther<span class=\"_ _4\"></span>eof is recor<span class=\"_ _0\"></span>ded through pr<span class=\"_ _4\"></span>ofit or loss in the category \u201cOther income (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xpenses)\u201d. Borro<span class=\"_ _4\"></span>wing costs relat<span class=\"_ _0\"></span>ed to the c<span class=\"_ _0\"></span>onstruction of qualifying assets ar<span class=\"_ _4\"></span>e capitalised during the period required f<span class=\"_ _0\"></span>or the construction t<span class=\"_ _0\"></span>o be complet<span class=\"_ _0\"></span>ed. B. Depreciation Depreciation is calcula<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o write off the cos<span class=\"_ _0\"></span>t of items of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment less their estimated residual v<span class=\"_ _4\"></span>alues using the straight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, and is generally rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Land is not depr<span class=\"_ _0\"></span>eciated.  Administr<span class=\"_ _4\"></span>ative buildings <span class=\"_ _65\"> </span>20-50 years  Plants <span class=\"_ _66\"> </span>33-50 years  Heavy machinery <span class=\"_ _67\"> </span>12-40 y<span class=\"_ _0\"></span>ears  Light machinery <span class=\"_ _68\"> </span>8-<span class=\"_ _0\"></span>18 years  Furniture <span class=\"_ _69\"> </span>4-<span class=\"_ _0\"></span>10 years  Other equipment <span class=\"_ _6a\"> </span>4-<span class=\"_ _0\"></span>12 years  T<span class=\"_ _4\"></span>ransport means <span class=\"_ _6b\"> </span>4-<span class=\"_ _0\"></span>10 years Depreciation methods, useful liv<span class=\"_ _4\"></span>es and residual values ar<span class=\"_ _4\"></span>e revie<span class=\"_ _4\"></span>wed at each reporting dat<span class=\"_ _0\"></span>e and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. C. Reclassification t<span class=\"_ _0\"></span>o inv<span class=\"_ _4\"></span>estment property When the use of a property changes fr<span class=\"_ _4\"></span>om owner-occupied to in<span class=\"_ _4\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, the property is r<span class=\"_ _0\"></span>eclassified accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  The it<span class=\"_ _0\"></span>em is reclas<span class=\"_ _0\"></span>sified at its net book v<span class=\"_ _0\"></span>alue at the date of r<span class=\"_ _4\"></span>eclassification which becomes its deemed cost f<span class=\"_ _0\"></span>or subsequent accounting purposes. D<span class=\"_ _0\"></span>. Reclassifica<span class=\"_ _0\"></span>tion to assets held f<span class=\"_ _0\"></span>or sale Non-current as<span class=\"_ _0\"></span>sets and disposal group of as<span class=\"_ _0\"></span>sets are r<span class=\"_ _4\"></span>eclassified as held for sale if their carrying amount will be rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ered principally thr<span class=\"_ _4\"></span>ough a sale transaction rather than c<span class=\"_ _0\"></span>ontinuing use.  5.<span class=\"_ _4\"></span>10 Intangible assets<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Research and De<span class=\"_ _0\"></span>velopment<span class=\"ff19\">: Expenditur<span class=\"_ _4\"></span>e on research activities is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _4\"></span>ofit and loss as incurred. </span>Dev<span class=\"_ _4\"></span>elopment expenditure is capitalised only if the e<span class=\"_ _4\"></span>xpenditure can be measured r<span class=\"_ _0\"></span>eliably<span class=\"_ _1\"></span>, the product or pr<span class=\"_ _0\"></span>ocess is technically and commer<span class=\"_ _4\"></span>cial feasible, future ec<span class=\"_ _0\"></span>onomic benefits are pr<span class=\"_ _4\"></span>obable and Cenergy Holdings intends t<span class=\"_ _0\"></span>o and hav<span class=\"_ _4\"></span>e sufficient resourc<span class=\"_ _0\"></span>es to c<span class=\"_ _0\"></span>omplete de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment and to use or sell the asset. Otherwise<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, de<span class=\"_ _4\"></span>velopment expenditur<span class=\"_ _4\"></span>e is measured at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. Softw<span class=\"_ _0\"></span>are programs<span class=\"ff19\">: Soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e licenses ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded at their acquisition c<span class=\"_ _0\"></span>ost less ac<span class=\"_ _0\"></span>cumulated amortisa<span class=\"_ _0\"></span>tion. These </span>assets ar<span class=\"_ _0\"></span>e amortised on the str<span class=\"_ _0\"></span>aight line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, which ranges betw<span class=\"_ _0\"></span>een 3 to 10 years. Expenses tha<span class=\"_ _0\"></span>t are as<span class=\"_ _0\"></span>sociated with the soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e\u2019<span class=\"_ _0\"></span>s maintenanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss in the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e incurred.  Other intangible assets<span class=\"ff19\">: Other intangible as<span class=\"_ _0\"></span>sets, including customer r<span class=\"_ _4\"></span>elationships, \u201cknow-ho<span class=\"_ _0\"></span>w\u201d, patents and </span>trademarks, which ar<span class=\"_ _4\"></span>e acquired by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings and hav<span class=\"_ _4\"></span>e finite useful lives ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. These as<span class=\"_ _0\"></span>sets are amortised on the s<span class=\"_ _0\"></span>traight line method ov<span class=\"_ _4\"></span>er their estimated useful liv<span class=\"_ _0\"></span>es. Other intangible assets ha<span class=\"_ _0\"></span>ving indefinite useful liv<span class=\"_ _4\"></span>es are measured at c<span class=\"_ _0\"></span>ost less accumulat<span class=\"_ _0\"></span>ed impairment losses. B. Subsequent expenditur<span class=\"_ _0\"></span>e Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only when it increases the future ec<span class=\"_ _0\"></span>onomic benefits embodied in the specific asset to which it r<span class=\"_ _4\"></span>elates. All other expenditur<span class=\"_ _0\"></span>e, including e<span class=\"_ _0\"></span>xpenditur<span class=\"_ _0\"></span>e on internally gener<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed goodwill and brands, is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. 5.<span class=\"_ _4\"></span>11 Investment pr<span class=\"_ _0\"></span>operty Inv<span class=\"_ _4\"></span>estment property<span class=\"_ _1\"></span>, which includes land, is owned by C<span class=\"_ _0\"></span>energy Holdings either f<span class=\"_ _0\"></span>or the collection of r<span class=\"_ _4\"></span>ents or for<span class=\"_ _8\"></span> capital appreciation and is not used f<span class=\"_ _0\"></span>or o<span class=\"_ _0\"></span>wner-purposes. Inv<span class=\"_ _4\"></span>estment property is pr<span class=\"_ _0\"></span>esented at c<span class=\"_ _0\"></span>ost less depr<span class=\"_ _4\"></span>eciation.<span class=\"_ _8\"></span> When the carrying amounts of inv<span class=\"_ _4\"></span>estment property e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed their r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able value<span class=\"_ _0\"></span>, the differ<span class=\"_ _0\"></span>ence (impairment) is directly r<span class=\"_ _4\"></span>ecorded in pr<span class=\"_ _0\"></span>ofit and loss as e<span class=\"_ _0\"></span>xpense. T<span class=\"_ _0\"></span>he re<span class=\"_ _4\"></span>versal of pre<span class=\"_ _4\"></span>viously recognised impairment losses is also rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit and loss as income<span class=\"_ _0\"></span>. The land is not depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed. The buildings ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciated b<span class=\"_ _4\"></span>y applying the<span class=\"_ _8\"></span> str<span class=\"_ _0\"></span>aight line method.  5.<span class=\"_ _4\"></span>12 Cash and cash equivalents For the purpose of pr<span class=\"_ _0\"></span>esentation in the sta<span class=\"_ _0\"></span>tement of cash flo<span class=\"_ _0\"></span>ws, cash and cash equiv<span class=\"_ _4\"></span>alents includes cash on hand<span class=\"_ _8\"></span> and deposits held at call with financial institutions. 5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. B.<span class=\"_\"> </span>Non-financial assetsAt each r<span class=\"_ _4\"></span>eporting date, Cener<span class=\"_ _0\"></span>gy Holdings and its companies r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>view the carrying amounts of its non-financial as<span class=\"_ _0\"></span>sets (other than in<span class=\"_ _4\"></span>ventories and deferr<span class=\"_ _4\"></span>ed tax assets) to det<span class=\"_ _0\"></span>ermine whether there is an<span class=\"_ _0\"></span>y indication of impairment. If any such indication e<span class=\"_ _0\"></span>xists, then the as<span class=\"_ _0\"></span>set\u2019s r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount is estimat<span class=\"_ _0\"></span>ed. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. For other as<span class=\"_ _0\"></span>sets, an impairment loss is r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersed only to the ext<span class=\"_ _0\"></span>ent that the asset\u2019<span class=\"_ _0\"></span>s carrying amount does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed the carrying amount that w<span class=\"_ _4\"></span>ould have been det<span class=\"_ _0\"></span>ermined, net of depreciation or amortisa<span class=\"_ _0\"></span>tion, if no impairment loss had been r<span class=\"_ _0\"></span>ecognised. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries, also, include in their r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w of the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amounts as<span class=\"_ _0\"></span>sumptions r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the consequences of clima<span class=\"_ _0\"></span>te change. 5.<span class=\"_ _4\"></span>14 Leases<span class=\"_ _8\"></span> At inc<span class=\"_ _0\"></span>eption of a contr<span class=\"_ _4\"></span>act, the Group assesses whether a contr<span class=\"_ _4\"></span>act is, or contains, a lease. A contr<span class=\"_ _0\"></span>act is, or contains, a lease if the contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset f<span class=\"_ _0\"></span>or a period of time in ex<span class=\"_ _4\"></span>change for<span class=\"_ _8\"></span> consider<span class=\"_ _0\"></span>ation. T<span class=\"_ _1\"></span>o asses<span class=\"_ _0\"></span>s whether a contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset, the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> uses the definition of a lease in IFRS 16. Ac<span class=\"_ _0\"></span>counting f<span class=\"_ _0\"></span>or lease contr<span class=\"_ _0\"></span>acts as a lessee Cener<span class=\"_ _0\"></span>gy Holdings companies lease v<span class=\"_ _0\"></span>arious offices, w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses, machinery and cars. Rental contr<span class=\"_ _4\"></span>acts are typically made for fix<span class=\"_ _0\"></span>ed periods of 1 to 5 y<span class=\"_ _4\"></span>ears. Lease terms are negotia<span class=\"_ _0\"></span>ted on an individual basis and contain a wide r<span class=\"_ _4\"></span>ange of<span class=\"_ _8\"></span> differ<span class=\"_ _0\"></span>ent terms and c<span class=\"_ _0\"></span>onditions.  Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises a right-of-use asset and a lease liability a<span class=\"_ _0\"></span>t the lease commencement da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he right-of-use asset is initially measur<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t, which comprises the initial amount of the lease liability adjus<span class=\"_ _0\"></span>ted for an<span class=\"_ _0\"></span>y lease payments made at or bef<span class=\"_ _0\"></span>ore the c<span class=\"_ _0\"></span>ommencement da<span class=\"_ _0\"></span>te, plus an<span class=\"_ _0\"></span>y initial dir<span class=\"_ _0\"></span>ect costs incurr<span class=\"_ _4\"></span>ed and an estimate of costs t<span class=\"_ _0\"></span>o dismantle and r<span class=\"_ _0\"></span>emov<span class=\"_ _4\"></span>e the underlying asset or to res<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the underlying asset or the sit<span class=\"_ _0\"></span>e on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>ed.  Subsequently they ar<span class=\"_ _4\"></span>e measured at cost les<span class=\"_ _0\"></span>s any ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses, and adjus<span class=\"_ _0\"></span>ted for certain r<span class=\"_ _4\"></span>emeasurements of the lease liability<span class=\"_ _1\"></span>. The right-of-use asset is depreciat<span class=\"_ _0\"></span>ed using the str<span class=\"_ _0\"></span>aight-line method from the c<span class=\"_ _0\"></span>ommencement dat<span class=\"_ _0\"></span>e to the end of the lease t<span class=\"_ _0\"></span>erm, unless the lease tr<span class=\"_ _0\"></span>ansfers o<span class=\"_ _0\"></span>wnership of the underlying asset to the Gr<span class=\"_ _4\"></span>oup by the end of the lease term or the cos<span class=\"_ _0\"></span>t of the right-of-use asset r<span class=\"_ _0\"></span>eflects that the Gr<span class=\"_ _0\"></span>oup will ex<span class=\"_ _4\"></span>ercise a purchase option. In tha<span class=\"_ _0\"></span>t case the right-of-use asset will be depr<span class=\"_ _0\"></span>eciated o<span class=\"_ _4\"></span>ver the useful life of the underlying asset, which is determined on the same basis as those of pr<span class=\"_ _4\"></span>operty and equipment.<span class=\"_ _8\"></span>  The lease liability is initially measur<span class=\"_ _4\"></span>ed at the present value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing lease payments: \u2022 <span class=\"_ _23\"> </span>fix<span class=\"_ _4\"></span>ed payments (including in-substance fix<span class=\"_ _4\"></span>ed payments), less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>able ; \u2022 <span class=\"_ _23\"> </span>v<span class=\"_ _4\"></span>ariable lease payment that are based on an inde<span class=\"_ _4\"></span>x or a rate ; \u2022 <span class=\"_ _23\"> </span>amounts e<span class=\"_ _4\"></span>xpected to be pay<span class=\"_ _4\"></span>able by the lessee under residual v<span class=\"_ _4\"></span>alue guarantees ; \u2022 <span class=\"_ _23\"> </span>the e<span class=\"_ _4\"></span>xer<span class=\"_ _0\"></span>cise price of a pur<span class=\"_ _0\"></span>chase option if the lessee is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise tha<span class=\"_ _0\"></span>t option; and  \u2022 <span class=\"_ _23\"> </span>pa<span class=\"_ _0\"></span>yments of penalties for t<span class=\"_ _0\"></span>erminating the lease, if the lease t<span class=\"_ _0\"></span>erm r<span class=\"_ _0\"></span>eflects the lessee e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cising that option.  These pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e discounted using the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate implicit in the lease or<span class=\"_ _1\"></span>, if that rat<span class=\"_ _0\"></span>e cannot be readily determined, the incr<span class=\"_ _0\"></span>emental borr<span class=\"_ _0\"></span>owing r<span class=\"_ _4\"></span>ate of the component enter<span class=\"_ _0\"></span>ed into the lease agr<span class=\"_ _4\"></span>eement. Generally<span class=\"_ _4\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings uses its incremental borr<span class=\"_ _4\"></span>owing rat<span class=\"_ _0\"></span>e as the discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.  This is the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that the lessee, i.<span class=\"_ _0\"></span>e. each subsidiary of C<span class=\"_ _0\"></span>energy Holdings, w<span class=\"_ _4\"></span>ould have t<span class=\"_ _0\"></span>o pay on the c<span class=\"_ _0\"></span>ommencement date of the lease f<span class=\"_ _0\"></span>or a loan of a similar term, and with similar security<span class=\"_ _1\"></span>, to obtain an asset of similar v<span class=\"_ _0\"></span>alue to the right-of-use asset in similar economic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment. The lease liability is subsequently incr<span class=\"_ _4\"></span>eased by the inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t on the lease liability and decr<span class=\"_ _0\"></span>eased by lease payment made. It is r<span class=\"_ _4\"></span>emeasured if there is a modification tha<span class=\"_ _0\"></span>t is not acc<span class=\"_ _0\"></span>ounted for as a separ<span class=\"_ _4\"></span>ate lease; when there is a change in future lease pa<span class=\"_ _0\"></span>yments arising fr<span class=\"_ _0\"></span>om a change in an inde<span class=\"_ _0\"></span>x or rat<span class=\"_ _0\"></span>e; a change in the estimat<span class=\"_ _0\"></span>e of the amount expect<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able under a residual v<span class=\"_ _4\"></span>alue guarantee; and changes in the asses<span class=\"_ _0\"></span>sment of whether a purchase or ext<span class=\"_ _0\"></span>ension option is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o be ex<span class=\"_ _4\"></span>ercised or a termination option is r<span class=\"_ _0\"></span>easonably c<span class=\"_ _0\"></span>ertain not to be ex<span class=\"_ _4\"></span>ercised. Cener<span class=\"_ _0\"></span>gy Holdings elected not t<span class=\"_ _0\"></span>o separat<span class=\"_ _0\"></span>e non-lease components fr<span class=\"_ _4\"></span>om lease components.<span class=\"_ _8\"></span>  Lease liabilities and right-of-use assets ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely in the statement of financial position.  Cener<span class=\"_ _0\"></span>gy Holdings has elected t<span class=\"_ _0\"></span>o present int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est paid r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o lease liabilities in the Consolidat<span class=\"_ _0\"></span>ed Statement of Cash Flow<span class=\"_ _0\"></span>s, within the line \u201cInter<span class=\"_ _0\"></span>est char<span class=\"_ _4\"></span>ges &amp; related e<span class=\"_ _0\"></span>xpenses paid\u201d in oper<span class=\"_ _0\"></span>ating activities. Short-term leases and leases of lo<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>value as<span class=\"_ _0\"></span>sets Payments as<span class=\"_ _0\"></span>sociated with short-t<span class=\"_ _0\"></span>erm leases and leases of lo<span class=\"_ _0\"></span>w-v<span class=\"_ _4\"></span>alue assets are r<span class=\"_ _0\"></span>ecognised on a str<span class=\"_ _4\"></span>aight-line basis<span class=\"_ _8\"></span> as an expense in pr<span class=\"_ _4\"></span>ofit or loss. Short-term leases are leases with a lease t<span class=\"_ _0\"></span>erm of 12 months or less. Lo<span class=\"_ _4\"></span>w-value assets comprise IT<span class=\"_ _1\"></span>-equipment, small items of office furnitur<span class=\"_ _0\"></span>e and other equipment. Cenery Holdings companies lease adminis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion offices and w<span class=\"_ _0\"></span>arehouses b<span class=\"_ _4\"></span>y the ultimate parent c<span class=\"_ _0\"></span>ompany V<span class=\"_ _0\"></span>iohalco S.A. and other relat<span class=\"_ _0\"></span>ed companies. All c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for administr<span class=\"_ _4\"></span>ation offices and war<span class=\"_ _0\"></span>ehouses do not include any early termination penalty clauses and the<span class=\"_ _4\"></span>y are cancellable at any time<span class=\"_ _0\"></span>. For this r<span class=\"_ _4\"></span>eason, all intercompan<span class=\"_ _0\"></span>y contr<span class=\"_ _4\"></span>acts for<span class=\"_ _8\"></span> administr<span class=\"_ _0\"></span>ation offices and w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as short term and Cener<span class=\"_ _4\"></span>gy Holdings recognises the lease payments associa<span class=\"_ _0\"></span>ted with these leases as an e<span class=\"_ _0\"></span>xpense on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er the lease term. Rental income Rental income is r<span class=\"_ _4\"></span>ecognised as other income on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>ver the t<span class=\"_ _0\"></span>erm of the lease. L<span class=\"_ _0\"></span>ease incentiv<span class=\"_ _0\"></span>es grant<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as an integr<span class=\"_ _0\"></span>al part of the total r<span class=\"_ _4\"></span>ental income, ov<span class=\"_ _4\"></span>er the term of the lease. 5.<span class=\"_ _4\"></span>15 Financial instruments<span class=\"_ _8\"></span> A. Recognition and initial measur<span class=\"_ _0\"></span>ement T<span class=\"_ _1\"></span>rade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables are initially r<span class=\"_ _4\"></span>ecognised when they ar<span class=\"_ _0\"></span>e originated. All other financial as<span class=\"_ _0\"></span>sets and financial liabilities are initially r<span class=\"_ _4\"></span>ecognised when Cenergy Holdings bec<span class=\"_ _0\"></span>omes a party to the c<span class=\"_ _0\"></span>ontractual pr<span class=\"_ _4\"></span>ovisions of the instrument. A financial asset (unless it is a tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able without a significant financing component tha<span class=\"_ _0\"></span>t is initially measured at the transaction pric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>) is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue plus, for an it<span class=\"_ _0\"></span>em not at FVTPL, tr<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts that are dir<span class=\"_ _4\"></span>ectly attributable to its acquisition. A trade r<span class=\"_ _4\"></span>eceivable without a significant financing component is initially measured at the tr<span class=\"_ _4\"></span>ansaction price. B. Classification and subsequent measurement Financial assets On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span> Financial assets ar<span class=\"_ _0\"></span>e not reclas<span class=\"_ _0\"></span>sified subsequent to their initial r<span class=\"_ _0\"></span>ecognition, unles<span class=\"_ _0\"></span>s Cener<span class=\"_ _0\"></span>gy Holdings changes its business model for managing financial as<span class=\"_ _0\"></span>sets, in which case all affected financial as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified on the first day of the first r<span class=\"_ _4\"></span>eporting period following the change in the business model. A financial asset is measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t if it meets both of the follo<span class=\"_ _0\"></span>wing conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is to hold assets t<span class=\"_ _0\"></span>o collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. A debt inv<span class=\"_ _4\"></span>estment is measured at FV<span class=\"_ _4\"></span>OCI if it meets both of the following conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _4\"></span>ed by both collecting c<span class=\"_ _0\"></span>ontractual cash flo<span class=\"_ _4\"></span>ws and<span class=\"_ _8\"></span> selling financial assets; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. On initial rec<span class=\"_ _0\"></span>ognition of an equity in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment that is not held for tr<span class=\"_ _4\"></span>ading, Cenergy Holdings may irr<span class=\"_ _4\"></span>evocably elect to pr<span class=\"_ _0\"></span>esent subsequent changes in the inv<span class=\"_ _4\"></span>estment\u2019s fair v<span class=\"_ _0\"></span>alue in OCI. T<span class=\"_ _0\"></span>his election is made on an inv<span class=\"_ _4\"></span>estment-by-inv<span class=\"_ _4\"></span>estment basis.<span class=\"_ _8\"></span> All financial assets (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es held for hedging purposes<span class=\"_ _0\"></span>) not classified as measur<span class=\"_ _0\"></span>ed at amortised c<span class=\"_ _0\"></span>ost or FV<span class=\"_ _0\"></span>OCI as described abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e are measur<span class=\"_ _4\"></span>ed at FVTPL. On initial recognition, Cener<span class=\"_ _4\"></span>gy Holdings may irre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ocably designate a financial asset tha<span class=\"_ _0\"></span>t otherwise meets the requir<span class=\"_ _4\"></span>ements to be measured at amortised c<span class=\"_ _0\"></span>ost or at FV<span class=\"_ _4\"></span>OCI as<span class=\"_ _8\"></span> at FVTPL if doing so eliminates or significantly r<span class=\"_ _4\"></span>educes an accounting mismat<span class=\"_ _0\"></span>ch that w<span class=\"_ _0\"></span>ould otherwise arise. Financial assets \u2013 Business model as<span class=\"_ _0\"></span>sessment:  Cener<span class=\"_ _0\"></span>gy Holdings makes an as<span class=\"_ _0\"></span>sessment of the objectiv<span class=\"_ _0\"></span>e of the business model in which a financial as<span class=\"_ _0\"></span>set is held at a portfolio le<span class=\"_ _4\"></span>vel because this best r<span class=\"_ _0\"></span>eflects the wa<span class=\"_ _0\"></span>y the business is managed and inf<span class=\"_ _0\"></span>ormation is pro<span class=\"_ _4\"></span>vided to management. T<span class=\"_ _1\"></span>ransfers of financial assets t<span class=\"_ _0\"></span>o thir<span class=\"_ _0\"></span>d parties in transactions tha<span class=\"_ _0\"></span>t do not qualify for der<span class=\"_ _0\"></span>ecognition ar<span class=\"_ _0\"></span>e not consider<span class=\"_ _0\"></span>ed sales for this purpose, c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with the Group\u2019<span class=\"_ _4\"></span>s continuing rec<span class=\"_ _0\"></span>ognition of the assets. Financial assets \u2013 Ass<span class=\"_ _0\"></span>essment whether contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws are s<span class=\"_ _0\"></span>olely pa<span class=\"_ _0\"></span>yments of principal and interes<span class=\"_ _0\"></span>t:  For the purposes of this asses<span class=\"_ _0\"></span>sment, \u201cprincipal\u201d is defined as the fair v<span class=\"_ _0\"></span>alue of the financial asset on initial r<span class=\"_ _4\"></span>ecognition.<span class=\"_ _8\"></span> \u201cInter<span class=\"_ _0\"></span>est\u201d is defined as consider<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the time value of mone<span class=\"_ _4\"></span>y and for the credit risk associat<span class=\"_ _0\"></span>ed with the principal amount outstanding during a particular period of time and for other basic lending risks and c<span class=\"_ _0\"></span>osts (<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span>g. liquidity risk and administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e costs<span class=\"_ _4\"></span>), as well as a profit mar<span class=\"_ _0\"></span>gin. In asses<span class=\"_ _0\"></span>sing whether the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e solely payments of principal and inter<span class=\"_ _0\"></span>est, Cener<span class=\"_ _4\"></span>gy Holdings considers the contractual t<span class=\"_ _0\"></span>erms of the instrument. T<span class=\"_ _0\"></span>his includes assessing whether the financial asset contains a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual term that c<span class=\"_ _0\"></span>ould change the timing or amount of contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s such that it w<span class=\"_ _0\"></span>ould not meet this condition. In making this asses<span class=\"_ _0\"></span>sment, Cener<span class=\"_ _0\"></span>gy Holdings considers: \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontingent e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents that w<span class=\"_ _0\"></span>ould change the amount or timing of cash flow<span class=\"_ _0\"></span>s; \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that ma<span class=\"_ _0\"></span>y adjust the contr<span class=\"_ _4\"></span>actual coupon rat<span class=\"_ _0\"></span>e, including v<span class=\"_ _0\"></span>ariable-ra<span class=\"_ _0\"></span>te fea<span class=\"_ _0\"></span>tures; \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>epayment and ext<span class=\"_ _0\"></span>ension featur<span class=\"_ _0\"></span>es; and \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that limit the claim to cash flo<span class=\"_ _4\"></span>ws from specified assets (<span class=\"_ _4\"></span>e.g. non-rec<span class=\"_ _0\"></span>ourse featur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>). Financial assets \u2013 Subsequen<span class=\"_ _0\"></span>t measurement and gains and losses:   Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s.  Financial assets at amortised cos<span class=\"_ _0\"></span>t  <span class=\"_ _12\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method. The amortised cos<span class=\"_ _0\"></span>t is reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y impairment losses. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome, for<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change gains and losses and impairment are rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. Any gain or loss on derec<span class=\"_ _0\"></span>ognition is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss.  Debt inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _6f\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _4\"></span>ed at fair value. Inter<span class=\"_ _4\"></span>est income calculated using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method, for<span class=\"_ _4\"></span>eign exchange gains and losses and impairment are r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Other net gains and los<span class=\"_ _0\"></span>ses are r<span class=\"_ _0\"></span>ecognised in OCI. On derec<span class=\"_ _0\"></span>ognition, gains and losses accumulat<span class=\"_ _0\"></span>ed in OCI ar<span class=\"_ _0\"></span>e reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.  Equity inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _4a\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _4\"></span>e subsequently measured at fair v<span class=\"_ _0\"></span>alue. Dividends ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as income in pr<span class=\"_ _0\"></span>ofit or loss unless the dividend clearly r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents a rec<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>ery of part of the cost of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment. Other net gains and losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in OCI and ar<span class=\"_ _0\"></span>e nev<span class=\"_ _0\"></span>er reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. C. Derecognition Financial assets Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial asset when  \u2022 <span class=\"_ _23\"> </span>the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual rights to the cash flo<span class=\"_ _0\"></span>ws fr<span class=\"_ _4\"></span>om the financial asset expir<span class=\"_ _0\"></span>e; or  \u2022 <span class=\"_ _23\"> </span>it tr<span class=\"_ _4\"></span>ansfers the rights to rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws in a tr<span class=\"_ _0\"></span>ansaction:  - <span class=\"_ _55\"> </span>in which substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership of the financial asset ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed; or  - <span class=\"_ _55\"> </span>in which Cener<span class=\"_ _0\"></span>gy Holdings neither tr<span class=\"_ _0\"></span>ansfers nor r<span class=\"_ _0\"></span>etains substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership and it does not retain c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the financial asset. Cener<span class=\"_ _0\"></span>gy Holdings enters int<span class=\"_ _0\"></span>o transactions wher<span class=\"_ _4\"></span>eby it transf<span class=\"_ _0\"></span>ers assets r<span class=\"_ _0\"></span>ecognised in its sta<span class=\"_ _0\"></span>tement of financial position, but retains either all or subs<span class=\"_ _0\"></span>tantially all of the risks and re<span class=\"_ _4\"></span>wards of the tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed assets. In these cases, the transf<span class=\"_ _0\"></span>erred as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e not derec<span class=\"_ _0\"></span>ognised. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. 5.<span class=\"_ _4\"></span>16 Share capital<span class=\"_ _8\"></span> Shareholder\u2019s equity is c<span class=\"_ _0\"></span>omposed of or<span class=\"_ _0\"></span>dinary shares.  Incremental c<span class=\"_ _0\"></span>osts dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _0\"></span>o the issue of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es are r<span class=\"_ _4\"></span>ecognised as a deduction from equity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Income tax r<span class=\"_ _0\"></span>elating to tr<span class=\"_ _4\"></span>ansaction costs of an equity transaction is ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in equity (see Not<span class=\"_ _0\"></span>e 5.<span class=\"_ _0\"></span>7).  5.<span class=\"_ _4\"></span>17 Provisions Pro<span class=\"_ _4\"></span>visions are measured b<span class=\"_ _4\"></span>y discounting the expected futur<span class=\"_ _4\"></span>e cash flows at a pr<span class=\"_ _0\"></span>e-tax r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. The disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te used for the determination of pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the obligation. Pro<span class=\"_ _4\"></span>visions are rec<span class=\"_ _0\"></span>ognised when: i.<span class=\"_ _12\"> </span>Ther<span class=\"_ _4\"></span>e is a present legal or constructiv<span class=\"_ _4\"></span>e obligation as a result of past e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents.ii.<span class=\"_ _23\"> </span>P<span class=\"_ _0\"></span>ayment is pr<span class=\"_ _4\"></span>obable to settle the obligation.iii.<span class=\"_ _50\"> </span>The amount of the payment in question can be r<span class=\"_ _4\"></span>eliably estimated.Pro<span class=\"_ _4\"></span>visions for pending court rulings are r<span class=\"_ _4\"></span>ecognised when it is more lik<span class=\"_ _0\"></span>ely than not, that a pr<span class=\"_ _0\"></span>esent obligation fr<span class=\"_ _0\"></span>om this litigation e<span class=\"_ _0\"></span>xists, and payment is pr<span class=\"_ _4\"></span>obable.<span class=\"_ _8\"></span>  Assur<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>arrant<span class=\"_ _0\"></span>y pro<span class=\"_ _4\"></span>visions are rec<span class=\"_ _0\"></span>ognised when the pr<span class=\"_ _0\"></span>oduct is sold and acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o hist<span class=\"_ _0\"></span>orical experienc<span class=\"_ _0\"></span>e (probability tha<span class=\"_ _0\"></span>t sold products will need t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>eplaced). T<span class=\"_ _0\"></span>he initial estimat<span class=\"_ _0\"></span>e of warr<span class=\"_ _4\"></span>anty-relat<span class=\"_ _0\"></span>ed costs is r<span class=\"_ _4\"></span>evised annually<span class=\"_ _4\"></span>. Restructuring pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised only when Cener<span class=\"_ _0\"></span>gy Holdings has a cons<span class=\"_ _0\"></span>tructiv<span class=\"_ _0\"></span>e obligation, which is when a detailed formal plan identifies the business or part of the busines<span class=\"_ _0\"></span>s concerned, the loca<span class=\"_ _0\"></span>tion and number of employ<span class=\"_ _4\"></span>ees affected, a detailed estimat<span class=\"_ _0\"></span>e of the associat<span class=\"_ _0\"></span>ed costs, and an appr<span class=\"_ _4\"></span>opriate timeline, and the emplo<span class=\"_ _0\"></span>yees affected ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been notified of the plan\u2019<span class=\"_ _0\"></span>s main featur<span class=\"_ _4\"></span>es or when the company has already s<span class=\"_ _0\"></span>tarted t<span class=\"_ _0\"></span>o implement the plan. A pro<span class=\"_ _4\"></span>vision for onerous contr<span class=\"_ _4\"></span>acts is measured at the present v<span class=\"_ _4\"></span>alue of the lower of the e<span class=\"_ _4\"></span>xpected cost of terminating a contr<span class=\"_ _0\"></span>act and the e<span class=\"_ _0\"></span>xpected net c<span class=\"_ _0\"></span>ost of continuing with the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act. Befor<span class=\"_ _0\"></span>e the pro<span class=\"_ _4\"></span>vision is established, Cenergy Holdings rec<span class=\"_ _0\"></span>ognises any impairment los<span class=\"_ _0\"></span>s on the associated as<span class=\"_ _0\"></span>sets with the contr<span class=\"_ _0\"></span>act.  5.<span class=\"_ _4\"></span>18 Earnings per share<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings presents basic and dilut<span class=\"_ _0\"></span>ed earnings per shar<span class=\"_ _0\"></span>e. Basic earnings per shar<span class=\"_ _0\"></span>e are calcula<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y dividing the net profit/ los<span class=\"_ _0\"></span>s (-) attributable to holders of the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s ordinary shares b<span class=\"_ _0\"></span>y the a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erage w<span class=\"_ _4\"></span>eighted number of<span class=\"_ _8\"></span> outstanding or<span class=\"_ _0\"></span>dinary shares during each period.  Diluted earnings per shar<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _0\"></span>y adjusting the pr<span class=\"_ _0\"></span>ofit or loss at<span class=\"_ _0\"></span>tributable to holders of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es and the av<span class=\"_ _4\"></span>erage weight<span class=\"_ _0\"></span>ed number of outstanding or<span class=\"_ _0\"></span>dinary shares b<span class=\"_ _4\"></span>y the effect of all diluted ev<span class=\"_ _4\"></span>entual ordinary shares c<span class=\"_ _0\"></span>onsisting of c<span class=\"_ _0\"></span>onv<span class=\"_ _4\"></span>ertible notes and shares with options gr<span class=\"_ _0\"></span>anted t<span class=\"_ _0\"></span>o the staff<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> 5.<span class=\"_ _4\"></span>19 Operating profit Operating pr<span class=\"_ _4\"></span>ofit is the result generat<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om the continuing principal r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue-producing activities of C<span class=\"_ _0\"></span>energy Holdings, as well as other inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpenses rela<span class=\"_ _0\"></span>ted to oper<span class=\"_ _4\"></span>ating activities. Operating pr<span class=\"_ _0\"></span>ofit ex<span class=\"_ _4\"></span>cludes net finance costs, shar<span class=\"_ _4\"></span>e of profit of equity-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees and income tax<span class=\"_ _4\"></span>es.<span class=\"_ _8\"></span> 5.20 Fair v<span class=\"_ _4\"></span>alue measurement<span class=\"_ _8\"></span> \u201cF<span class=\"_ _0\"></span>air value\u201d is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed to sell an as<span class=\"_ _0\"></span>set or paid to tr<span class=\"_ _0\"></span>ansfer a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _4\"></span>ansaction<span class=\"_ _8\"></span> between mark<span class=\"_ _4\"></span>et participants at the measurement date in the principal or<span class=\"_ _1\"></span>, in its absence, the most adv<span class=\"_ _0\"></span>antageous market t<span class=\"_ _0\"></span>o which Cener<span class=\"_ _0\"></span>gy Holdings has acc<span class=\"_ _0\"></span>ess at that da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he fair v<span class=\"_ _4\"></span>alue of a liability reflects its non-performanc<span class=\"_ _0\"></span>e risk. A number of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and disclosures r<span class=\"_ _4\"></span>equire the measurement of f<span class=\"_ _0\"></span>air values, f<span class=\"_ _0\"></span>or both financial and non-financial assets and liabilities. When one is av<span class=\"_ _0\"></span>ailable, C<span class=\"_ _0\"></span>energy Holdings measur<span class=\"_ _4\"></span>es the fair value of an instrument using the quot<span class=\"_ _0\"></span>ed price in an active mark<span class=\"_ _4\"></span>et for that instrument. A market is r<span class=\"_ _4\"></span>egarded as \u201cactiv<span class=\"_ _0\"></span>e\u201d if transactions f<span class=\"_ _0\"></span>or the asset or liability tak<span class=\"_ _4\"></span>e place<span class=\"_ _8\"></span> with sufficient frequency and v<span class=\"_ _4\"></span>olume to pro<span class=\"_ _4\"></span>vide pricing information on an ongoing basis.<span class=\"_ _8\"></span> If there is no quot<span class=\"_ _0\"></span>ed price in an activ<span class=\"_ _4\"></span>e market, then Cener<span class=\"_ _0\"></span>gy Holdings uses valuation t<span class=\"_ _0\"></span>echniques that maximise the use of rele<span class=\"_ _4\"></span>vant observable inputs and minimise the use of unobserv<span class=\"_ _0\"></span>able inputs. T<span class=\"_ _0\"></span>he chosen valuation t<span class=\"_ _0\"></span>echnique incorpor<span class=\"_ _0\"></span>ates all of the f<span class=\"_ _0\"></span>actors that mark<span class=\"_ _4\"></span>et participants would take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount in pricing a transaction. If an asset or a liability measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _4\"></span>alue has a bid price and an ask price, then Cener<span class=\"_ _0\"></span>gy Holdings measur<span class=\"_ _0\"></span>es assets and long positions at a bid price and liabilities and short positions a<span class=\"_ _0\"></span>t an ask price. The best e<span class=\"_ _4\"></span>vidence of the fair value of a financial ins<span class=\"_ _0\"></span>trument on initial r<span class=\"_ _0\"></span>ecognition is normally the tr<span class=\"_ _0\"></span>ansaction price \u2013 i.e. the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of the consider<span class=\"_ _0\"></span>ation giv<span class=\"_ _0\"></span>en or r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed. If Cenergy Holdings determines that the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition differs fr<span class=\"_ _0\"></span>om the tr<span class=\"_ _0\"></span>ansaction price and the f<span class=\"_ _0\"></span>air value is e<span class=\"_ _4\"></span>videnced neither by a quoted pric<span class=\"_ _0\"></span>e in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or an identical asset or liability nor based on a v<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echnique for which any unobserv<span class=\"_ _4\"></span>able inputs<span class=\"_ _8\"></span> are judged t<span class=\"_ _0\"></span>o be insignificant in r<span class=\"_ _0\"></span>elation to the measur<span class=\"_ _0\"></span>ement, then the financial instrument is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue, adjust<span class=\"_ _0\"></span>ed to def<span class=\"_ _0\"></span>er the differ<span class=\"_ _0\"></span>ence bet<span class=\"_ _0\"></span>ween the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition and the tr<span class=\"_ _0\"></span>ansaction price. Subsequently<span class=\"_ _4\"></span>, that differ<span class=\"_ _0\"></span>ence is r<span class=\"_ _4\"></span>ecognised in profit or loss on an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e basis o<span class=\"_ _0\"></span>ver the lif<span class=\"_ _0\"></span>e of the instrument but no later than when the v<span class=\"_ _0\"></span>aluation is wholly support<span class=\"_ _0\"></span>ed by observ<span class=\"_ _4\"></span>able market data or the transaction is closed out. 5.21 New s<span class=\"_ _0\"></span>tandards, amendments to s<span class=\"_ _0\"></span>tandards and interpr<span class=\"_ _0\"></span>etations A number of new or amended s<span class=\"_ _0\"></span>tandards became applicable f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent financial year and subsequent y<span class=\"_ _4\"></span>ears.<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has applied all of the ne<span class=\"_ _0\"></span>w standar<span class=\"_ _0\"></span>ds, interpr<span class=\"_ _0\"></span>etations and amendments t<span class=\"_ _0\"></span>o exis<span class=\"_ _0\"></span>ting standar<span class=\"_ _0\"></span>ds that w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> mandatory f<span class=\"_ _0\"></span>or the first time in the fiscal y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and none of the ne<span class=\"_ _0\"></span>w or amended standar<span class=\"_ _0\"></span>ds and interpr<span class=\"_ _0\"></span>etations has had mat<span class=\"_ _0\"></span>erial impact on rec<span class=\"_ _0\"></span>ognition and measur<span class=\"_ _0\"></span>ement in the Consolidated Financial S<span class=\"_ _0\"></span>tatements. Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for the current financial y<span class=\"_ _0\"></span>ear The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments to standar<span class=\"_ _4\"></span>ds are mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e been endorsed by the European Union.  Amendments to IFRS 3 Business C<span class=\"_ _0\"></span>ombinations; IAS 16 Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant and Equipment; IAS 37 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and Contingent Assets as w<span class=\"_ _4\"></span>ell as Annual Improv<span class=\"_ _4\"></span>ements<span class=\"ff19\"> (effectiv<span class=\"_ _0\"></span>e for annual periods </span>beginning on or after 1 January 2022) The package of amendments includes narr<span class=\"_ _4\"></span>ow-scope amendments t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>ee Standards as w<span class=\"_ _4\"></span>ell as the Board\u2019s Annual Impro<span class=\"_ _4\"></span>vements, which are changes tha<span class=\"_ _0\"></span>t clarify the wor<span class=\"_ _4\"></span>ding or correct minor consequenc<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersights or conflicts between r<span class=\"_ _4\"></span>equirements in the Standards. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IFRS 3 Business Combinations<span class=\"ff19\"> upda<span class=\"_ _0\"></span>te a r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in IFRS 3 to the Conc<span class=\"_ _0\"></span>eptual Fr<span class=\"_ _0\"></span>amew<span class=\"_ _4\"></span>ork for<span class=\"_ _8\"></span> </span></span>Financial Reporting without changing the acc<span class=\"_ _0\"></span>ounting r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or business combina<span class=\"_ _0\"></span>tions. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 16 Property<span class=\"_ _1\"></span>, Plant and Equipment<span class=\"ff19\"> prohibit a c<span class=\"_ _0\"></span>ompany fr<span class=\"_ _0\"></span>om deducting fr<span class=\"_ _0\"></span>om the cos<span class=\"_ _0\"></span>t of </span></span>property<span class=\"_ _1\"></span>, plant and equipment amounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed from selling it<span class=\"_ _0\"></span>ems pr<span class=\"_ _0\"></span>oduced while the c<span class=\"_ _0\"></span>ompany is pr<span class=\"_ _0\"></span>eparing the asset for its int<span class=\"_ _0\"></span>ended use. Inst<span class=\"_ _0\"></span>ead, a compan<span class=\"_ _0\"></span>y will rec<span class=\"_ _0\"></span>ognise such sales pr<span class=\"_ _0\"></span>oceeds and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed cost in pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 3<span class=\"_ _0\"></span>7 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and C<span class=\"_ _0\"></span>ontingent Assets<span class=\"ff19\"> specify which cos<span class=\"_ _0\"></span>ts a </span></span>company includes when as<span class=\"_ _0\"></span>sessing whether a c<span class=\"_ _0\"></span>ontract will be los<span class=\"_ _0\"></span>s-making. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Annual Impro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ements 2018-2020<span class=\"ff19\"> mak<span class=\"_ _0\"></span>e minor amendments to IFRS 1 Firs<span class=\"_ _0\"></span>t-time Adoption of Int<span class=\"_ _0\"></span>ernational </span></span>Financial Reporting Standar<span class=\"_ _0\"></span>ds, IFRS 9 Financial Instruments, IA<span class=\"_ _0\"></span>S 41 A<span class=\"_ _0\"></span>gricultur<span class=\"_ _0\"></span>e and the Illustr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Examples accompan<span class=\"_ _0\"></span>ying IFRS 16 Leases. IFRS 16 (Amendment) \u2018Co<span class=\"_ _0\"></span>vid-<span class=\"_ _0\"></span>19-Relat<span class=\"_ _0\"></span>ed Rent Conc<span class=\"_ _0\"></span>essions\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e for annual periods beginning on or after 1 </span>April 2021) The amendments e<span class=\"_ _0\"></span>xtend, b<span class=\"_ _4\"></span>y one year<span class=\"_ _4\"></span>, the May 2020 amendment tha<span class=\"_ _0\"></span>t pro<span class=\"_ _4\"></span>vides lessees with an ex<span class=\"_ _0\"></span>emption fr<span class=\"_ _0\"></span>om assessing whether a C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _4\"></span>19-related r<span class=\"_ _0\"></span>ent conc<span class=\"_ _0\"></span>ession is a lease modification. In particular<span class=\"_ _1\"></span>, the amendment permits<span class=\"_ _8\"></span> a lessee to apply the pr<span class=\"_ _4\"></span>actical expedient regar<span class=\"_ _0\"></span>ding C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _0\"></span>19-r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>ent concessions to r<span class=\"_ _4\"></span>ent concessions for which any r<span class=\"_ _0\"></span>eduction in lease payments aff<span class=\"_ _0\"></span>ects only payments originally due on or bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e 30 June 2022 (r<span class=\"_ _0\"></span>ather than only payments originally due on or bef<span class=\"_ _0\"></span>ore 30 June 20<span class=\"_ _0\"></span>21).  Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for subsequent periods<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments hav<span class=\"_ _4\"></span>e been issued and endorsed by the Eur<span class=\"_ _0\"></span>opean Union but are not mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2022. The follo<span class=\"_ _0\"></span>wing amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 \u2018Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements: Classification of Liabilities as curr<span class=\"_ _0\"></span>ent or non-current\u2019<span class=\"ff19 ls5\"> </span>(eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e 01 January 2023), aff<span class=\"_ _0\"></span>ect only the pr<span class=\"_ _0\"></span>esentation of liabilities in the stat<span class=\"_ _0\"></span>ement of financial position \u2014 not the amount or timing of rec<span class=\"_ _0\"></span>ognition of any as<span class=\"_ _0\"></span>set, liability income or e<span class=\"_ _0\"></span>xpenses, or the informa<span class=\"_ _0\"></span>tion that entities disclose about those items. T<span class=\"_ _0\"></span>hey: \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t the classification of liabilities as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent should be based on rights that ar<span class=\"_ _0\"></span>e in exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e at the end of the r<span class=\"_ _0\"></span>eporting period and align the wor<span class=\"_ _4\"></span>ding in all affected paragr<span class=\"_ _0\"></span>aphs to r<span class=\"_ _4\"></span>efer to the \u201cright\u201d to defer settlement b<span class=\"_ _4\"></span>y at least twelv<span class=\"_ _0\"></span>e months and mak<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xplicit that only rights in place \u201ca<span class=\"_ _0\"></span>t the end of the reporting period\u201d should aff<span class=\"_ _0\"></span>ect the classification of a liability; \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t classification is unaffect<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpectations about whether an entity will e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise its right t<span class=\"_ _0\"></span>o defer settlement of a liability; and mak<span class=\"_ _0\"></span>e clear that settlement r<span class=\"_ _0\"></span>efers t<span class=\"_ _0\"></span>o the transf<span class=\"_ _0\"></span>er to the c<span class=\"_ _0\"></span>ounterparty of cash, equit<span class=\"_ _0\"></span>y instruments, other assets or servic<span class=\"_ _0\"></span>es. Amendments to IAS 8 A<span class=\"_ _4\"></span>ccounting policies, Changes in Ac<span class=\"_ _0\"></span>counting Es<span class=\"_ _0\"></span>timates and Err<span class=\"_ _0\"></span>ors: Definition of Ac<span class=\"_ _0\"></span>counting Estimates<span class=\"ff19 ws1\"> (<span class=\"_ _4\"></span>effective 1 January 20<span class=\"_ _0\"></span>23).  </span>The amendment t<span class=\"_ _0\"></span>o IAS 8, \u2018<span class=\"_ _1\"></span>Acc<span class=\"_ _0\"></span>ounting Policies, Changes in A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ounting Estimat<span class=\"_ _0\"></span>es and Errors\u2019, clarifies ho<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span> companies should distinguish changes in ac<span class=\"_ _0\"></span>counting policies fr<span class=\"_ _0\"></span>om changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es. The amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IAS 12 Inc<span class=\"_ _0\"></span>ome T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>es: Deferred T<span class=\"_ _1\"></span>ax rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o Assets and Liabilities arising from a Single T<span class=\"_ _4\"></span>ransaction<span class=\"ff19 ws1\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e 1 January 2023). </span>The amendments clarify ho<span class=\"_ _0\"></span>w companies ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or deferr<span class=\"_ _0\"></span>ed tax on tr<span class=\"_ _0\"></span>ansactions such as leases and decommissioning obligations. T<span class=\"_ _4\"></span>he main change in the amendments is an exemption fr<span class=\"_ _4\"></span>om the initial recognition ex<span class=\"_ _4\"></span>emption of IAS 12.<span class=\"_ _0\"></span>15(b<span class=\"_ _0\"></span>) and IAS 12.2<span class=\"_ _4\"></span>4. Accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>, the initial recognition e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption does not apply to transactions in which equal amounts of deductible and tax<span class=\"_ _0\"></span>able tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences arise on initial recognition. The amendments ar<span class=\"_ _0\"></span>e effectiv<span class=\"_ _4\"></span>e for annual reporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Early adoption is permitted. IFRS 17 \u2018Insuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2023).<span class=\"_ _8\"></span>  </span>This standar<span class=\"_ _4\"></span>d replaces IFRS 4, which curr<span class=\"_ _0\"></span>ently permits a wide v<span class=\"_ _0\"></span>ariety of pr<span class=\"_ _0\"></span>actices in acc<span class=\"_ _0\"></span>ounting for insur<span class=\"_ _4\"></span>ance<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>acts. IFRS 17 will fundamentally change the acc<span class=\"_ _0\"></span>ounting by all entities tha<span class=\"_ _0\"></span>t issue insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts and inv<span class=\"_ _4\"></span>estment contracts with discr<span class=\"_ _0\"></span>etionary participation fea<span class=\"_ _0\"></span>tures. On 17 Mar<span class=\"_ _4\"></span>ch 2020, IASB decided t<span class=\"_ _0\"></span>o defer the effectiv<span class=\"_ _0\"></span>e date t<span class=\"_ _0\"></span>o annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 2023. T<span class=\"_ _4\"></span>he endorsement includes the<span class=\"_ _8\"></span> amendments issued b<span class=\"_ _0\"></span>y the Board in June 20<span class=\"_ _0\"></span>20, which ar<span class=\"_ _4\"></span>e aimed at helping companies implement the Standard and making it easier for them to e<span class=\"_ _4\"></span>xplain their financial performance.The EU r<span class=\"_ _0\"></span>egulation pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an optional e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption from applying the annual c<span class=\"_ _0\"></span>ohort r<span class=\"_ _0\"></span>equirement tha<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>es to the timing of the rec<span class=\"_ _0\"></span>ognition of the pr<span class=\"_ _0\"></span>ofit in the contr<span class=\"_ _0\"></span>act, the contr<span class=\"_ _0\"></span>actual service mar<span class=\"_ _4\"></span>gin, in profit or loss. Entities making use of the ex<span class=\"_ _4\"></span>emption are not applying IFRSs as issued b<span class=\"_ _0\"></span>y the IASB and need t<span class=\"_ _0\"></span>o disclose the fact. Amendments to IFRS 17 Insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts: Initial Applica<span class=\"_ _0\"></span>tion of IFRS 17 and IFRS 9 \u2013 Compar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Information<span class=\"ff19 ls5\"> </span>(issued on 9 December 20<span class=\"_ _0\"></span>21, effectiv<span class=\"_ _0\"></span>e 1 January 2023).  The amendment is a tr<span class=\"_ _0\"></span>ansition option r<span class=\"_ _0\"></span>elating to c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e information about financial as<span class=\"_ _0\"></span>sets present<span class=\"_ _0\"></span>ed on initial application of IFRS 17<span class=\"_ _1\"></span>. The amendment is aimed at helping entities to a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oid tempor<span class=\"_ _0\"></span>ary acc<span class=\"_ _0\"></span>ounting mismatches between financial as<span class=\"_ _0\"></span>sets and insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontract liabilities, and ther<span class=\"_ _4\"></span>efore impr<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>e the usefulness of compara<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e information for users of financial s<span class=\"_ _0\"></span>tatements. The f<span class=\"_ _0\"></span>ollowing amendments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been issued but ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>ory for the first time f<span class=\"_ _0\"></span>or the financial y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e not been endorsed by the European Union. T<span class=\"_ _4\"></span>he following amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements and IFRS Practic<span class=\"_ _0\"></span>e Stat<span class=\"_ _0\"></span>ement 2: Disclosure of Ac<span class=\"_ _0\"></span>counting policies<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2023).  </span>The amendments aim t<span class=\"_ _0\"></span>o impro<span class=\"_ _4\"></span>ve acc<span class=\"_ _0\"></span>ounting policy disclosur<span class=\"_ _0\"></span>es and to help users of the financial sta<span class=\"_ _0\"></span>tements to distinguish betw<span class=\"_ _0\"></span>een changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es and changes in acc<span class=\"_ _0\"></span>ounting policies. The IA<span class=\"_ _0\"></span>S 1 amendment requir<span class=\"_ _4\"></span>es companies to disclose their material ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation r<span class=\"_ _0\"></span>ather than their significant acc<span class=\"_ _0\"></span>ounting policies. Further<span class=\"_ _4\"></span>, the amendment to IAS 1 clarifies tha<span class=\"_ _0\"></span>t immaterial ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation need not be disclosed. T<span class=\"_ _1\"></span>o support this amendment, the Board also amended IFRS Pr<span class=\"_ _4\"></span>actice Statement 2, \u2018Making Mat<span class=\"_ _0\"></span>eriality Judgements\u2019, to pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vide guidance on ho<span class=\"_ _0\"></span>w to apply the c<span class=\"_ _0\"></span>oncept of mat<span class=\"_ _0\"></span>eriality t<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ounting policy disclosures. T<span class=\"_ _4\"></span>he<span class=\"_ _8\"></span> amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IFRS 16 Leases: L<span class=\"_ _0\"></span>ease Liability in a Sale and Leaseback<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2024). </span>The amendments e<span class=\"_ _0\"></span>xplain ho<span class=\"_ _0\"></span>w an entity acc<span class=\"_ _0\"></span>ounts for a sale and leaseback aft<span class=\"_ _0\"></span>er the date of the tr<span class=\"_ _4\"></span>ansaction,<span class=\"_ _8\"></span> specifically where some or all the lease pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e variable lease pa<span class=\"_ _4\"></span>yments that do not depend on an index or rat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y stat<span class=\"_ _0\"></span>e that, in subsequently measuring the lease liability<span class=\"_ _1\"></span>, the seller-lessee determines \u2018lease payments\u2019 and \u2018re<span class=\"_ _4\"></span>vised lease payments\u2019 in a way tha<span class=\"_ _0\"></span>t does not result in the seller-les<span class=\"_ _0\"></span>see rec<span class=\"_ _0\"></span>ognising any amount of the gain or los<span class=\"_ _0\"></span>s that rela<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o the right of use it retains. An<span class=\"_ _0\"></span>y gains and losses r<span class=\"_ _0\"></span>elating to the full or partial t<span class=\"_ _0\"></span>ermination of a lease continue to be r<span class=\"_ _4\"></span>ecognised when they occur as these r<span class=\"_ _4\"></span>elate to the right of use terminat<span class=\"_ _0\"></span>ed and not the right of use retained. The f<span class=\"_ _0\"></span>ollowing s<span class=\"_ _0\"></span>tandard is manda<span class=\"_ _0\"></span>tory since the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2016 (how<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver not y<span class=\"_ _4\"></span>et subjected to EU endorsement). T<span class=\"_ _0\"></span>he European C<span class=\"_ _0\"></span>ommission has decided not to launch the endorsement pr<span class=\"_ _4\"></span>ocess of this interim standar<span class=\"_ _0\"></span>d but to w<span class=\"_ _0\"></span>ait for the final standar<span class=\"_ _4\"></span>d:<span class=\"_ _8\"></span> IFRS 14, \u2018Regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al accounts\u2019<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2016). </span>It concerns an int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d on the acc<span class=\"_ _0\"></span>ounting for c<span class=\"_ _0\"></span>ertain balances that arise fr<span class=\"_ _4\"></span>om rate\u2013r<span class=\"_ _0\"></span>egulated activities. IFRS 14 is only applicable to entities that apply IFRS 1 as first-time adopt<span class=\"_ _0\"></span>ers of IFRS. It permits such entities, on adoption of IFRS, to continue t<span class=\"_ _0\"></span>o apply their pr<span class=\"_ _0\"></span>evious GAAP ac<span class=\"_ _0\"></span>counting policies f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>ecognition, measurement, impairment and der<span class=\"_ _4\"></span>ecognition of regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>ounts. The int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d also pro<span class=\"_ _4\"></span>vides guidance on selecting and changing acc<span class=\"_ _0\"></span>ounting policies (<span class=\"_ _0\"></span>on first\u2013time adoption or subsequently) and on presentation and disclosur<span class=\"_ _4\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-4": {
   "value": "The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-5": {
   "value": "The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-20-6": {
   "value": "The Consolida<span class=\"_ _0\"></span>ted Financial Stat<span class=\"_ _0\"></span>ements for the y<span class=\"_ _4\"></span>ear ended 31 December 2022 hav<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ed by Management in accor<span class=\"_ _4\"></span>dance with the International Financial Reporting Standar<span class=\"_ _4\"></span>ds (IFRS) as adopted by the Eur<span class=\"_ _0\"></span>opean Union and authorized for is<span class=\"_ _0\"></span>sue by the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s Board of Direct<span class=\"_ _0\"></span>ors on 8 March 20<span class=\"_ _0\"></span>23.  37<span class=\"_ _2\"></span>. Subsequent ev<span class=\"_ _0\"></span>ents  On March 8th, 20<span class=\"_ _0\"></span>23, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Board of dir<span class=\"_ _4\"></span>ectors decided to propose t<span class=\"_ _0\"></span>o the Or<span class=\"_ _0\"></span>dinary General Shareholders\u2019 meeting t<span class=\"_ _0\"></span>o be held on 30.<span class=\"_ _0\"></span>05.2023, the appr<span class=\"_ _4\"></span>oval of a gr<span class=\"_ _4\"></span>oss dividend of EUR 0.05 per shar<span class=\"_ _0\"></span>e.  No other subsequent ev<span class=\"_ _4\"></span>ent for which disclosure is r<span class=\"_ _0\"></span>equired in the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements has oc<span class=\"_ _0\"></span>curred since 31 December 20<span class=\"_ _0\"></span>22. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-23-3": {
   "value": "The Gr<span class=\"_ _0\"></span>oup has pr<span class=\"_ _0\"></span>epared the C<span class=\"_ _0\"></span>onsolidated Financial S<span class=\"_ _0\"></span>tatements on the basis that it will c<span class=\"_ _0\"></span>ontinue to oper<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e as a going concern. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-24-4": {
   "value": "3. Functional currency and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency  The functional and pr<span class=\"_ _0\"></span>esentation curr<span class=\"_ _0\"></span>ency of the Compan<span class=\"_ _0\"></span>y and the Gr<span class=\"_ _0\"></span>oupis the euro<span class=\"_ _0\"></span>. All amounts in the Consolidated Financial S<span class=\"_ _0\"></span>tatements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ounded to the near<span class=\"_ _0\"></span>est thousand, unles<span class=\"_ _0\"></span>s otherwise indicated. As such, due to r<span class=\"_ _0\"></span>ounding, figur<span class=\"_ _0\"></span>es shown as t<span class=\"_ _0\"></span>otals in certain tables ma<span class=\"_ _0\"></span>y not be arithmetic aggr<span class=\"_ _0\"></span>egations of the figur<span class=\"_ _0\"></span>es that prec<span class=\"_ _0\"></span>ede them. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-2": {
   "value": "4. Use of estimat<span class=\"_ _0\"></span>es and judgements Preparing financial s<span class=\"_ _0\"></span>tatements in line with IFRS r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es that Management mak<span class=\"_ _0\"></span>es judgements, estimat<span class=\"_ _0\"></span>es and assumptions that affect the applica<span class=\"_ _0\"></span>tion of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and the report<span class=\"_ _0\"></span>ed amounts of assets, liabilities, income and e<span class=\"_ _4\"></span>xpenses. The actual results ma<span class=\"_ _0\"></span>y differ fr<span class=\"_ _0\"></span>om these estimat<span class=\"_ _0\"></span>es.  Management\u2019s estima<span class=\"_ _0\"></span>tes and judgements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>wed on an ongoing basis. Re<span class=\"_ _0\"></span>visions to estimat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised prospectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  Information about judgements, assumptions and es<span class=\"_ _0\"></span>timation uncertainties that ha<span class=\"_ _4\"></span>ve significant risk of resulting in a material adjustment t<span class=\"_ _0\"></span>o the carrying amounts of assets and liabilities in the ne<span class=\"_ _4\"></span>xt financial year is included in the follo<span class=\"_ _0\"></span>wing notes: \u2022<span class=\"_ _12\"> </span>Note 7<span class=\"_ _1\"></span>.F \u2013 Rev<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition;\u2022<span class=\"_ _12\"> </span>Note 11.<span class=\"_ _0\"></span>C.a \u2013 Measurement of defined benefit obliga<span class=\"_ _0\"></span>tions: ke<span class=\"_ _4\"></span>y actuarial assumptions;\u2022<span class=\"_ _12\"> </span>Note 13.<span class=\"_ _0\"></span>C \u2013 Recognition of def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets, a<span class=\"_ _0\"></span>vailabilit<span class=\"_ _0\"></span>y of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits against which carryforw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>dtax losses can be used;\u2022<span class=\"_ _12\"> </span>Note 15.B \u2013 Reco<span class=\"_ _4\"></span>verabilit<span class=\"_ _0\"></span>y of ov<span class=\"_ _4\"></span>erdue rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able from a f<span class=\"_ _0\"></span>ormer cust<span class=\"_ _0\"></span>omer in the Middle-East;\u2022<span class=\"_ _12\"> </span>Note 17<span class=\"_ _1\"></span>.D \u2013 Impairment loss on Property<span class=\"_ _1\"></span>, plant and equipment;\u2022<span class=\"_ _12\"> </span>Note 19.D \u2013 Impairment tes<span class=\"_ _0\"></span>t: ke<span class=\"_ _4\"></span>y assumptions underlying reco<span class=\"_ _4\"></span>verable amounts;\u2022<span class=\"_ _12\"> </span>Note 20.B \u2013 Measur<span class=\"_ _0\"></span>ement of fair v<span class=\"_ _4\"></span>alue of Investment pr<span class=\"_ _4\"></span>operty;\u2022<span class=\"_ _12\"> </span>Note 30.<span class=\"_ _4\"></span>C1 \u2013 Measurement of expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses on tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets: k<span class=\"_ _4\"></span>ey assumptionsin determining e<span class=\"_ _0\"></span>xpected los<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>tes.B. Depreciation Depreciation is calcula<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o write off the cos<span class=\"_ _0\"></span>t of items of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment less their estimated residual v<span class=\"_ _4\"></span>alues using the straight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, and is generally rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Land is not depr<span class=\"_ _0\"></span>eciated.  Administr<span class=\"_ _4\"></span>ative buildings <span class=\"_ _65\"> </span>20-50 years  Plants <span class=\"_ _66\"> </span>33-50 years  Heavy machinery <span class=\"_ _67\"> </span>12-40 y<span class=\"_ _0\"></span>ears  Light machinery <span class=\"_ _68\"> </span>8-<span class=\"_ _0\"></span>18 years  Furniture <span class=\"_ _69\"> </span>4-<span class=\"_ _0\"></span>10 years  Other equipment <span class=\"_ _6a\"> </span>4-<span class=\"_ _0\"></span>12 years  T<span class=\"_ _4\"></span>ransport means <span class=\"_ _6b\"> </span>4-<span class=\"_ _0\"></span>10 years Depreciation methods, useful liv<span class=\"_ _4\"></span>es and residual values ar<span class=\"_ _4\"></span>e revie<span class=\"_ _4\"></span>wed at each reporting dat<span class=\"_ _0\"></span>e and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. F<span class=\"_ _1\"></span>. Significant judgments in rev<span class=\"_ _4\"></span>enue recognition In rec<span class=\"_ _0\"></span>ognizing r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue the Group makes judgements r<span class=\"_ _4\"></span>egarding the timing of satisfaction of performanc<span class=\"_ _0\"></span>e obligations, the identification of distinct perf<span class=\"_ _0\"></span>ormance obligations, as w<span class=\"_ _0\"></span>ell as the tr<span class=\"_ _0\"></span>ansaction price and the amounts allocated t<span class=\"_ _0\"></span>o performance obliga<span class=\"_ _0\"></span>tions. The mos<span class=\"_ _0\"></span>t significant of these estimates ar<span class=\"_ _4\"></span>e described below: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>ontracts including multiple perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions are mainly identified in cables segment f<span class=\"_ _0\"></span>or turnke<span class=\"_ _4\"></span>y<span class=\"_ _8\"></span> projects and f<span class=\"_ _0\"></span>or customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts in both segments, as described in Note 7<span class=\"_ _1\"></span>.B and Note 5.3. In such cases the total tr<span class=\"_ _0\"></span>ansaction price is allocat<span class=\"_ _0\"></span>ed to these perf<span class=\"_ _0\"></span>ormance obligations on the basis of the r<span class=\"_ _4\"></span>elative standalone selling prices of the pr<span class=\"_ _0\"></span>omised goods or services. If these goods and servic<span class=\"_ _0\"></span>es are not sold separ<span class=\"_ _4\"></span>ately<span class=\"_ _4\"></span>, a cost plus margin appr<span class=\"_ _4\"></span>oach is used to estimate the standalone selling pric<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue deriving from the production of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts for ener<span class=\"_ _0\"></span>gy projects is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ertime. In such projects, c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed by C<span class=\"_ _0\"></span>energy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>escribe the pr<span class=\"_ _0\"></span>omises of both: \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>oducing customized pr<span class=\"_ _0\"></span>oducts based on customers\u2019 specifica<span class=\"_ _0\"></span>tions; and \u2022 <span class=\"_ _23\"> </span>tr<span class=\"_ _4\"></span>ansporting them to the customer\u2019s site<span class=\"_ _0\"></span>.  <span class=\"_ _52\"> </span>In such cases, transportation is consider<span class=\"_ _0\"></span>ed as a separ<span class=\"_ _0\"></span>ate perf<span class=\"_ _0\"></span>ormance obligation, sinc<span class=\"_ _0\"></span>e both criteria pr<span class=\"_ _0\"></span>escribed in IFRS 15.27 ar<span class=\"_ _0\"></span>e met, since the cus<span class=\"_ _0\"></span>tomer benefits fr<span class=\"_ _0\"></span>om the offer<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansportation service and the pr<span class=\"_ _4\"></span>omise<span class=\"_ _8\"></span> to tr<span class=\"_ _0\"></span>ansport the goods to the cus<span class=\"_ _0\"></span>tomer is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _4\"></span>om the production of these customiz<span class=\"_ _0\"></span>ed products.  <span class=\"_ _52\"> </span>Rev<span class=\"_ _0\"></span>enue for or<span class=\"_ _0\"></span>ders of standar<span class=\"_ _0\"></span>dized pr<span class=\"_ _4\"></span>oducts (i.e. hollow s<span class=\"_ _0\"></span>tructur<span class=\"_ _0\"></span>al sections, wires and non-cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pow<span class=\"_ _4\"></span>er<span class=\"_ _8\"></span> &amp; telecom cables<span class=\"_ _4\"></span>) is recognized at a specific point in time and tr<span class=\"_ _4\"></span>ansportation is not considered a separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e performance obliga<span class=\"_ _0\"></span>tion, since the second crit<span class=\"_ _0\"></span>erion of IFRS 15.27 is not met. \u2022 <span class=\"_ _23\"> </span>Some c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts with customers in<span class=\"_ _4\"></span>volve a v<span class=\"_ _4\"></span>ariable transaction cost as the<span class=\"_ _0\"></span>y include a v<span class=\"_ _0\"></span>olume or tr<span class=\"_ _0\"></span>ade discount based on the total sales to the cus<span class=\"_ _0\"></span>tomer within a time period. In such case r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised based on the anticipated sales t<span class=\"_ _0\"></span>o the customer thr<span class=\"_ _4\"></span>oughout the year<span class=\"_ _4\"></span>, as these sales are r<span class=\"_ _0\"></span>ealized and ne<span class=\"_ _4\"></span>w orders are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> and up to an e<span class=\"_ _0\"></span>xtent it is highly pr<span class=\"_ _4\"></span>obable that a significant rev<span class=\"_ _4\"></span>ersal of cumulative r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue recognised will not be needed. a) Actuarial assump<span class=\"_ _0\"></span>tions The f<span class=\"_ _0\"></span>ollowing w<span class=\"_ _4\"></span>ere the weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage principal actuarial assumptions at the r<span class=\"_ _0\"></span>eporting date:  <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15d\"> </span>3.66% <span class=\"_ _c7\"> </span>0.21%  Inflation <span class=\"_ _70\"> </span>2.80% <span class=\"_ _e8\"> </span>2.<span class=\"_ _0\"></span>10%  Future salary gr<span class=\"_ _4\"></span>owth <span class=\"_ _15e\"> </span>3.05% <span class=\"_ _122\"> </span>2.95%  Plan duration (<span class=\"_ _4\"></span>expressed in y<span class=\"_ _4\"></span>ears) <span class=\"_ _15f\"> </span>5.41 <span class=\"_ _11c\"> </span>6.26 Assumptions r<span class=\"_ _0\"></span>egarding futur<span class=\"_ _4\"></span>e mortality have been based on published s<span class=\"_ _0\"></span>tatistics and mortality tables. On 31 December 2022, the ac<span class=\"_ _0\"></span>cumulated tax los<span class=\"_ _0\"></span>ses carried forw<span class=\"_ _0\"></span>ard a<span class=\"_ _4\"></span>vailable for futur<span class=\"_ _0\"></span>e use amounted t<span class=\"_ _0\"></span>o EUR 61.3 million. Cener<span class=\"_ _4\"></span>gy Holdings\u2019 companies hav<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised a deferr<span class=\"_ _4\"></span>ed tax asset on tax losses of EUR 52.6 million because management consider<span class=\"_ _0\"></span>ed it pr<span class=\"_ _0\"></span>obable that future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits would be a<span class=\"_ _4\"></span>vailable against which such tax losses can be used during the ne<span class=\"_ _0\"></span>xt fiv<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>ears. Deferr<span class=\"_ _0\"></span>ed tax asset on tax losses of EUR 7<span class=\"_ _1\"></span>.9 million relat<span class=\"_ _0\"></span>es to s<span class=\"_ _0\"></span>teel pipes segment, while the respectiv<span class=\"_ _4\"></span>e amount for cables segment is EUR 3.7 million.  Based on management\u2019s estima<span class=\"_ _0\"></span>tes r<span class=\"_ _0\"></span>egar<span class=\"_ _0\"></span>ding the future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits and the utilization period of tax losses accor<span class=\"_ _4\"></span>ding to applicable tax legislation deferr<span class=\"_ _0\"></span>ed tax assets hav<span class=\"_ _4\"></span>e not been recognised in r<span class=\"_ _0\"></span>espect of tax losses carried forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>or an amount of EUR 8.7 million with e<span class=\"_ _4\"></span>xpiration date during the period 20<span class=\"_ _0\"></span>23 to 202<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>. Such tax losses for which deferr<span class=\"_ _0\"></span>ed tax assets ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not been rec<span class=\"_ _0\"></span>ognised mainly conc<span class=\"_ _0\"></span>ern the par<span class=\"_ _0\"></span>ent holdings company<span class=\"_ _1\"></span>.  Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the pr<span class=\"_ _4\"></span>ovisions of articles 49 and 72 of the Gr<span class=\"_ _4\"></span>eek Law 4172/<span class=\"_ _0\"></span>2013 c<span class=\"_ _0\"></span>oncerning thin capitalization, net inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense is deductible fr<span class=\"_ _0\"></span>om current y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s tax pr<span class=\"_ _0\"></span>ofits, if it is equal or less than 30% of EBITD<span class=\"_ _4\"></span>A and any ex<span class=\"_ _4\"></span>cess can be settled with futur<span class=\"_ _0\"></span>e tax profits without time limita<span class=\"_ _0\"></span>tions. Similar thin capitalization rules apply to the tax deductibility of inter<span class=\"_ _0\"></span>est in R<span class=\"_ _0\"></span>omania. Specifically<span class=\"_ _4\"></span>, net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>ost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITD<span class=\"_ _4\"></span>A. The ex<span class=\"_ _4\"></span>cess net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e non-deductible in the r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> tax period and may be carried f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d to an unlimit<span class=\"_ _0\"></span>ed number of tax y<span class=\"_ _0\"></span>ears. During 2022, def<span class=\"_ _0\"></span>erred tax as<span class=\"_ _0\"></span>set rec<span class=\"_ _0\"></span>ognised due to thin capitalization rules incr<span class=\"_ _4\"></span>eased by EUR 1.7 million.  B. Credit and mark<span class=\"_ _0\"></span>et risks and impairment losses on tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables During 2010, the subsidiary C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks SA initiated in Gr<span class=\"_ _0\"></span>eece and Dubai legal actions against a f<span class=\"_ _0\"></span>ormer customer in the Middle Eas<span class=\"_ _0\"></span>t regar<span class=\"_ _4\"></span>ding the reco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery of an o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue r<span class=\"_ _4\"></span>eceivable of USD 2<span class=\"_ _0\"></span>4.8 million (EUR 23.3 million on 31 December 2022), plus legal int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est. Follo<span class=\"_ _0\"></span>wing a series of court pr<span class=\"_ _4\"></span>oceedings, the Dubai Court of Cassation issued its final judgment, during 20<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>, and<span class=\"_ _8\"></span> ruled to r<span class=\"_ _0\"></span>eject any c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>claim of the former cus<span class=\"_ _0\"></span>tomer and t<span class=\"_ _0\"></span>o confirm the amount due t<span class=\"_ _0\"></span>o Corinth Pipe<span class=\"_ _0\"></span>works. In order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er this long o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue balanc<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks has initiated the enforc<span class=\"_ _0\"></span>ement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es against the assets of the former cus<span class=\"_ _0\"></span>tomer that ar<span class=\"_ _0\"></span>e locat<span class=\"_ _0\"></span>ed within any of the countries, wher<span class=\"_ _4\"></span>e the Court of Cassation judgment issued against the f<span class=\"_ _0\"></span>ormer customer is enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable (i.<span class=\"_ _0\"></span>e., U<span class=\"_ _0\"></span>AE and v<span class=\"_ _0\"></span>arious other countries in the Middle East). Ther<span class=\"_ _4\"></span>e were no other subs<span class=\"_ _0\"></span>tantial dev<span class=\"_ _4\"></span>elopments during 2022.<span class=\"_ _8\"></span>   Corinth Pipe<span class=\"_ _0\"></span>works had r<span class=\"_ _4\"></span>ecorded in the past an impairment los<span class=\"_ _0\"></span>s for the whole outstanding amount, i.<span class=\"_ _0\"></span>e., USD 24.8 million. Ho<span class=\"_ _4\"></span>wev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, the subsidiary will continue an<span class=\"_ _0\"></span>y and all actions r<span class=\"_ _0\"></span>equired t<span class=\"_ _0\"></span>o collect the full amount of tha<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able.  <span class=\"_ _8\"></span> Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit and market risks and impairment los<span class=\"_ _0\"></span>ses for tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables is included in Note 29.<span class=\"_ _4\"></span>C.<span class=\"_ _0\"></span>1. D<span class=\"_ _0\"></span>. Impairment tes<span class=\"_ _0\"></span>t As these intangible assets do not gener<span class=\"_ _0\"></span>ate independent cash inflo<span class=\"_ _0\"></span>ws, it w<span class=\"_ _4\"></span>as considered appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>o carry out the impairment test on the basis of the Cash Gener<span class=\"_ _4\"></span>ating Unit (CGU) of Fulgor submarine cables pr<span class=\"_ _4\"></span>oduction plant, which<span class=\"_ _8\"></span> incorpor<span class=\"_ _0\"></span>ates these as<span class=\"_ _0\"></span>sets. T<span class=\"_ _1\"></span>o e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the v<span class=\"_ _0\"></span>alue in use, cash flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>ojections based on estimat<span class=\"_ _0\"></span>es by management co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear period (2023 \u2013 2027) w<span class=\"_ _0\"></span>ere used. T<span class=\"_ _0\"></span>hese estimat<span class=\"_ _0\"></span>es tak<span class=\"_ _0\"></span>e into c<span class=\"_ _0\"></span>onsideration the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts alr<span class=\"_ _0\"></span>eady signed, as well as c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts estimated t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ded in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _0\"></span>oad. The submarine cables C<span class=\"_ _0\"></span>GU oper<span class=\"_ _0\"></span>ates as a pr<span class=\"_ _0\"></span>oject-based business. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, assumptions r<span class=\"_ _4\"></span>elated to r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue and<span class=\"_ _8\"></span> profitability gr<span class=\"_ _4\"></span>owth are based on the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already signed, as w<span class=\"_ _4\"></span>ell as those estimated to be undertak<span class=\"_ _0\"></span>en in the forthcoming period. T<span class=\"_ _0\"></span>he main assumptions r<span class=\"_ _4\"></span>egarding the operations of submarine cables C<span class=\"_ _0\"></span>GU and the pr<span class=\"_ _0\"></span>ojects to be ex<span class=\"_ _4\"></span>ecuted within the five-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear period are: \u2022 <span class=\"_ _23\"> </span>Pr<span class=\"_ _4\"></span>ogressiv<span class=\"_ _0\"></span>ely high-capacity utilization of Corinth plant o<span class=\"_ _4\"></span>wned by Fulgor<span class=\"_ _4\"></span>, as the one observed during the las<span class=\"_ _0\"></span>t 3 years, based on c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already a<span class=\"_ _4\"></span>warded and those e<span class=\"_ _0\"></span>xpected giv<span class=\"_ _4\"></span>en the tendering activity<span class=\"_ _4\"></span>. Given the e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> backlog and the gro<span class=\"_ _4\"></span>wth of renew<span class=\"_ _0\"></span>ables business ar<span class=\"_ _0\"></span>ound the w<span class=\"_ _0\"></span>orld, which is a significant driv<span class=\"_ _0\"></span>er in the attr<span class=\"_ _0\"></span>activ<span class=\"_ _0\"></span>e outlook for the offshor<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er generation market, the c<span class=\"_ _0\"></span>ontinuously high le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el of activity is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be retained thr<span class=\"_ _4\"></span>oughout the period 2023-2027<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Capital e<span class=\"_ _4\"></span>xpenditure of appro<span class=\"_ _4\"></span>x. EUR 189 million in the following 5 y<span class=\"_ _4\"></span>ears, to cov<span class=\"_ _4\"></span>er estimated pr<span class=\"_ _0\"></span>oduction and capacity needs. Capital e<span class=\"_ _0\"></span>xpenditure r<span class=\"_ _4\"></span>eflects investments f<span class=\"_ _0\"></span>or maintenanc<span class=\"_ _0\"></span>e as w<span class=\"_ _0\"></span>ell as organic gr<span class=\"_ _4\"></span>owth. For the terminal period, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments ar<span class=\"_ _0\"></span>e set equal to depr<span class=\"_ _0\"></span>eciation. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue fr<span class=\"_ _4\"></span>om offshore business for the fiv<span class=\"_ _4\"></span>e-year period is set t<span class=\"_ _0\"></span>o ca. 24% attributable to the as<span class=\"_ _0\"></span>signment of new pr<span class=\"_ _4\"></span>ojects mainly in Greece, North Eur<span class=\"_ _0\"></span>ope and the USA. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he EBITD<span class=\"_ _4\"></span>A margin per offshore pr<span class=\"_ _4\"></span>oject is assumed in the range of 15%-25% of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue. Estimated pr<span class=\"_ _0\"></span>ofitability per project v<span class=\"_ _4\"></span>aries due to different types of cables r<span class=\"_ _4\"></span>equired, technical specifications, geogr<span class=\"_ _0\"></span>aphic r<span class=\"_ _0\"></span>egion and the project\u2019<span class=\"_ _0\"></span>s timefr<span class=\"_ _0\"></span>ame. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of fix<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpenses is assumed equal to ca. 4.8% f<span class=\"_ _0\"></span>or the fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> period. Cash flow<span class=\"_ _0\"></span>s after the firs<span class=\"_ _0\"></span>t five y<span class=\"_ _4\"></span>ears were calcula<span class=\"_ _0\"></span>ted using an estima<span class=\"_ _0\"></span>ted long term gr<span class=\"_ _4\"></span>owth rat<span class=\"_ _0\"></span>e of 1.52%, which mainly reflects management\u2019<span class=\"_ _0\"></span>s estimat<span class=\"_ _0\"></span>es for the w<span class=\"_ _0\"></span>orld econom<span class=\"_ _0\"></span>y as w<span class=\"_ _0\"></span>ell as long-term gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wth pr<span class=\"_ _0\"></span>ospects of the offshore cable sector<span class=\"_ _1\"></span>. The pre-tax r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o discount these cash flo<span class=\"_ _4\"></span>ws was 12.0<span class=\"_ _0\"></span>2%, based on the follo<span class=\"_ _0\"></span>wing assumptions: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>-fr<span class=\"_ _0\"></span>ee ra<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>as based on AAA European bond yields. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ountry risk calculations wer<span class=\"_ _4\"></span>e based on the expected futur<span class=\"_ _0\"></span>e sales mix and the fact that the busines<span class=\"_ _0\"></span>s unit is based in Greec<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et risk pr<span class=\"_ _0\"></span>emium was as<span class=\"_ _0\"></span>sumed equal to 6.21%., i.<span class=\"_ _0\"></span>e., higher than the one used in last y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s impairment test, as mark<span class=\"_ _4\"></span>et conditions hav<span class=\"_ _0\"></span>e worsened. Commodity prices f<span class=\"_ _0\"></span>or copper and aluminium ar<span class=\"_ _4\"></span>e intrinsically part of the impairment test assumptions; the metal price hedging activities undertak<span class=\"_ _0\"></span>en, though, and the cust<span class=\"_ _0\"></span>omized natur<span class=\"_ _0\"></span>e of the pr<span class=\"_ _0\"></span>oducts sold by F<span class=\"_ _0\"></span>ulgor<span class=\"_ _4\"></span>, suggest that the value of the busines<span class=\"_ _0\"></span>s unit is not significantly affect<span class=\"_ _0\"></span>ed by fluctua<span class=\"_ _0\"></span>tions in commodity pric<span class=\"_ _0\"></span>es.  Hence, a neutr<span class=\"_ _4\"></span>al<span class=\"_ _8\"></span> result fr<span class=\"_ _4\"></span>om metal price fluctuations is assumed in the conte<span class=\"_ _4\"></span>xt of the impairment test. The r<span class=\"_ _0\"></span>esults of this tes<span class=\"_ _0\"></span>t indicated that the r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount on 31 December 2022 e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds the carrying amount of the CGU (<span class=\"_ _4\"></span>equal to EUR 283 million) by EUR 688 million. A sensitivity analysis w<span class=\"_ _0\"></span>as carried out on the k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y assumptions of the model (<span class=\"_ _0\"></span>discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and gro<span class=\"_ _4\"></span>wth in<span class=\"_ _8\"></span> perpetuity), to e<span class=\"_ _0\"></span>xamine the adequac<span class=\"_ _0\"></span>y of the abo<span class=\"_ _0\"></span>ve headr<span class=\"_ _4\"></span>oom. Sensitivity analysis results indica<span class=\"_ _0\"></span>ted that the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount is c<span class=\"_ _0\"></span>omfortably e<span class=\"_ _4\"></span>xceeds the carrying v<span class=\"_ _0\"></span>alue of the CGU<span class=\"_ _0\"></span>. Assumptions ma<span class=\"_ _0\"></span>y change as follo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s so as the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount equals the carrying amount:  Assumptions used  Change in rat<span class=\"_ _0\"></span>es (percentage points change<span class=\"_ _0\"></span>)<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Discount ra<span class=\"_ _0\"></span>te <span class=\"_ _13d\"> </span>12.0<span class=\"_ _0\"></span>2 % <span class=\"_ _195\"> </span>+ 14.5 ppc Growth in perpe<span class=\"_ _0\"></span>tuity <span class=\"_ _1d8\"> </span>1.52 % <span class=\"_ _1f7\"> </span>- 118.<span class=\"_ _0\"></span>0 ppca) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-3": {
   "value": "4. Use of estimates and judgements Preparing financial statements in line with IFRS requires that Management makes judgements, estimates and assumptions that affect the application of Cenergy Holdings\u2019 accounting policies and the reported amounts of assets, liabilities, income and expenses. The actual results may differ from these estimates.  Management\u2019s estimates and judgements are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.  Information about judgements, assumptions and estimation uncertainties that have significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities in the next financial year is included in the following notes: \u2022 Note 7.F \u2013 Revenue recognition;\u2022 Note 11.C.a \u2013 Measurement of defined benefit obligations: key actuarial assumptions;\u2022 Note 13.C \u2013 Recognition of deferred tax assets, availability of future taxable profits against which carryforwardtax losses can be used;\u2022 Note 15.B \u2013 Recoverability of overdue receivable from a former customer in the Middle-East;\u2022 Note 17.D \u2013 Impairment loss on Property, plant and equipment;\u2022 Note 19.D \u2013 Impairment test: key assumptions underlying recoverable amounts;\u2022 Note 20.B \u2013 Measurement of fair value of Investment property;\u2022 Note 30.C1 \u2013 Measurement of expected credit losses on trade receivables and contract assets: key assumptionsin determining expected loss rates.B. Depreciation Depreciation is calculated to write off the cost of items of property, plant and equipment less their estimated residual values using the straight-line method over their estimated useful lives, and is generally recognised in profit or loss. Land is not depreciated.  Administrative buildings  20-50 years  Plants  33-50 years  Heavy machinery  12-40 years  Light machinery  8-18 years  Furniture  4-10 years  Other equipment  4-12 years  Transport means  4-10 years Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. C. Amortisation and useful lives Amortisation is calculated to write off the cost of intangible assets less their estimated residual values using the straight-line method over their estimated useful lives, and is recognised in profit or loss. Goodwill and other intangible assets with indefinite useful lives are not amortised. The estimated useful lives for the current and comparative periods are as follows:  Trademarks and licenses  10 \u2013 15 years  Software programs  3 \u2013 10 years Intangible assets with indefinite useful lives are not amortised and are subject to an annual impairment test.  Amortisation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. F. Significant judgments in revenue recognition In recognizing revenue the Group makes judgements regarding the timing of satisfaction of performance obligations, the identification of distinct performance obligations, as well as the transaction price and the amounts allocated to performance obligations. The most significant of these estimates are described below: \u2022  Contracts including multiple performance obligations are mainly identified in cables segment for turnkey projects and for customized products in both segments, as described in Note 7.B and Note 5.3. In such cases the total transaction price is allocated to these performance obligations on the basis of the relative standalone selling prices of the promised goods or services. If these goods and services are not sold separately, a cost plus margin approach is used to estimate the standalone selling price. \u2022  Revenue deriving from the production of customized products for energy projects is recognized overtime. In such projects, contracts signed by Cenergy Holdings\u2019 subsidiaries may prescribe the promises of both: \u2022  producing customized products based on customers\u2019 specifications; and \u2022  transporting them to the customer\u2019s site.   In such cases, transportation is considered as a separate performance obligation, since both criteria prescribed in IFRS 15.27 are met, since the customer benefits from the offered transportation service and the promise to transport the goods to the customer is separately identifiable from the production of these customized products.   Revenue for orders of standardized products (i.e. hollow structural sections, wires and non-customized power & telecom cables) is recognized at a specific point in time and transportation is not considered a separate performance obligation, since the second criterion of IFRS 15.27 is not met. \u2022  Some contracts with customers involve a variable transaction cost as they include a volume or trade discount based on the total sales to the customer within a time period. In such case revenue is recognised based on the anticipated sales to the customer throughout the year, as these sales are realized and new orders are received and up to an extent it is highly probable that a significant reversal of cumulative revenue recognised will not be needed. a) Actuarial assumptions The following were the weighted average principal actuarial assumptions at the reporting date:   2022 2021  Discount rate  3.66%  0.21%  Inflation  2.80%  2.10%  Future salary growth  3.05%  2.95%  Plan duration (expressed in years)  5.41  6.26 Assumptions regarding future mortality have been based on published statistics and mortality tables. On 31 December 2022, the accumulated tax losses carried forward available for future use amounted to EUR 61.3 million. Cenergy Holdings\u2019 companies have recognised a deferred tax asset on tax losses of EUR 52.6 million because management considered it probable that future taxable profits would be available against which such tax losses can be used during the next five years. Deferred tax asset on tax losses of EUR 7.9 million relates to steel pipes segment, while the respective amount for cables segment is EUR 3.7 million.  Based on management\u2019s estimates regarding the future taxable profits and the utilization period of tax losses according to applicable tax legislation deferred tax assets have not been recognised in respect of tax losses carried forward for an amount of EUR 8.7 million with expiration date during the period 2023 to 2027. Such tax losses for which deferred tax assets have not been recognised mainly concern the parent holdings company.  According to the provisions of articles 49 and 72 of the Greek Law 4172/2013 concerning thin capitalization, net interest expense is deductible from current year\u2019s tax profits, if it is equal or less than 30% of EBITDA and any excess can be settled with future tax profits without time limitations. Similar thin capitalization rules apply to the tax deductibility of interest in Romania. Specifically, net interest cost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITDA. The excess net interest costs are non-deductible in the relevant tax period and may be carried forward to an unlimited number of tax years. During 2022, deferred tax asset recognised due to thin capitalization rules increased by EUR 1.7 million.  B. Credit and market risks and impairment losses on trade receivables During 2010, the subsidiary Corinth Pipeworks SA initiated in Greece and Dubai legal actions against a former customer in the Middle East regarding the recovery of an overdue receivable of USD 24.8 million (EUR 23.3 million on 31 December 2022), plus legal interest. Following a series of court proceedings, the Dubai Court of Cassation issued its final judgment, during 2017, and ruled to reject any counterclaim of the former customer and to confirm the amount due to Corinth Pipeworks. In order to recover this long overdue balance, Corinth Pipeworks has initiated the enforcement procedures against the assets of the former customer that are located within any of the countries, where the Court of Cassation judgment issued against the former customer is enforceable (i.e., UAE and various other countries in the Middle East). There were no other substantial developments during 2022.   Corinth Pipeworks had recorded in the past an impairment loss for the whole outstanding amount, i.e., USD 24.8 million. However, the subsidiary will continue any and all actions required to collect the full amount of that receivable.   Information about Cenergy Holdings\u2019 exposure to credit and market risks and impairment losses for trade and other receivables is included in Note 29.C.1. D. Impairment test As these intangible assets do not generate independent cash inflows, it was considered appropriate to carry out the impairment test on the basis of the Cash Generating Unit (CGU) of Fulgor submarine cables production plant, which incorporates these assets. To evaluate the value in use, cash flow projections based on estimates by management covering a five-year period (2023 \u2013 2027) were used. These estimates take into consideration the contracts already signed, as well as contracts estimated to be awarded in Greece and abroad. The submarine cables CGU operates as a project-based business. Therefore, assumptions related to revenue and profitability growth are based on the contracts already signed, as well as those estimated to be undertaken in the forthcoming period. The main assumptions regarding the operations of submarine cables CGU and the projects to be executed within the five-year period are: \u2022  Progressively high-capacity utilization of Corinth plant owned by Fulgor, as the one observed during the last 3 years, based on contracts already awarded and those expected given the tendering activity. Given the existing backlog and the growth of renewables business around the world, which is a significant driver in the attractive outlook for the offshore power generation market, the continuously high level of activity is expected to be retained throughout the period 2023-2027. \u2022  Capital expenditure of approx. EUR 189 million in the following 5 years, to cover estimated production and capacity needs. Capital expenditure reflects investments for maintenance as well as organic growth. For the terminal period, investments are set equal to depreciation. \u2022  The compound annual growth rate of revenue from offshore business for the five-year period is set to ca. 24% attributable to the assignment of new projects mainly in Greece, North Europe and the USA. \u2022  The EBITDA margin per offshore project is assumed in the range of 15%-25% of revenue. Estimated profitability per project varies due to different types of cables required, technical specifications, geographic region and the project\u2019s timeframe. \u2022  The compound annual growth rate of fixed operating expenses is assumed equal to ca. 4.8% for the five-year period. Cash flows after the first five years were calculated using an estimated long term growth rate of 1.52%, which mainly reflects management\u2019s estimates for the world economy as well as long-term growth prospects of the offshore cable sector. The pre-tax rate used to discount these cash flows was 12.02%, based on the following assumptions: \u2022  The risk-free rate was based on AAA European bond yields. \u2022  The country risk calculations were based on the expected future sales mix and the fact that the business unit is based in Greece. \u2022  The market risk premium was assumed equal to 6.21%., i.e., higher than the one used in last year\u2019s impairment test, as market conditions have worsened. Commodity prices for copper and aluminium are intrinsically part of the impairment test assumptions; the metal price hedging activities undertaken, though, and the customized nature of the products sold by Fulgor, suggest that the value of the business unit is not significantly affected by fluctuations in commodity prices.  Hence, a neutral result from metal price fluctuations is assumed in the context of the impairment test. The results of this test indicated that the recoverable amount on 31 December 2022 exceeds the carrying amount of the CGU (equal to EUR 283 million) by EUR 688 million. A sensitivity analysis was carried out on the key assumptions of the model (discount rates and growth in perpetuity), to examine the adequacy of the above headroom. Sensitivity analysis results indicated that the recoverable amount is comfortably exceeds the carrying value of the CGU. Assumptions may change as follows so as the recoverable amount equals the carrying amount:  Assumptions used  Change in rates (percentage points change)   Discount rate  12.02 %  + 14.5 ppc Growth in perpetuity  1.52 %  - 118.0 ppca) Trade and other receivables & contract assets Cenergy Holdings\u2019 exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, the companies\u2019 management also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and country in which customers operate. On the reporting dates, no client exceeds 10% of consolidated sales and, consequently, commercial risk is spread over a large number of clients. However, due to the fact that the business of certain subsidiaries (i.e., Corinth Pipeworks, Hellenic Cables and Fulgor) is project oriented, there may be cases where this threshold is exceeded for a short period of time.  That was the case in 2022, for one specific client of the steel pipes segment, namely Collahuasi, due to the timing of execution of certain signed contract. Cenergy Holdings has established a credit policy where each new customer is examined on an individual basis in terms of creditworthiness before the standard payment and delivery terms are proposed to such customer. Cenergy Holdings\u2019 review includes external ratings, if they are available, and in some cases bank references. Credit limits are set for each individual customer, which are reviewed in accordance with current circumstances and the terms of sales and collections are readjusted, if necessary. As a rule, the credit limits of customers are set on the basis of the insurance limits received for them from insurance companies and, subsequently, receivables are insured according to such limits. When monitoring the credit risk of customers, the latter are grouped according to their credit characteristics, the maturity characteristics of their receivables and any past problems of recoverability they have shown. Trade and other receivables mainly include wholesale customers of Cenergy Holdings\u2019 companies. For any customer characterized as being \u201chigh risk\u201d, any subsequent sale is required to be paid in advance. Depending on the background of the customer and its status, Cenergy Holdings\u2019 subsidiaries may demand collateral or other security (e.g., letters of guarantee) in order to secure its receivables, if possible. Cenergy Holdings records an impairment that represents its estimate of expected credit losses in respect of trade and other receivables. On 31 December, the maximum exposure to credit risk for trade and other receivables by geographic region was as follows:  Amounts in EUR thousand  2022  2021  Greece  178,892  96,469  Other EU Member States  79,014  49,974  Other European countries  13,521  25,372  Asia  13,366  36,471  America (North & South)  69,363  2,128  Africa  1,621  1,204  Total  355,778  211,617 ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-25-4": {
   "value": "4. Use of estimat<span class=\"_ _0\"></span>es and judgements Preparing financial s<span class=\"_ _0\"></span>tatements in line with IFRS r<span class=\"_ _0\"></span>equir<span class=\"_ _0\"></span>es that Management mak<span class=\"_ _0\"></span>es judgements, estimat<span class=\"_ _0\"></span>es and assumptions that affect the applica<span class=\"_ _0\"></span>tion of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and the report<span class=\"_ _0\"></span>ed amounts of assets, liabilities, income and e<span class=\"_ _4\"></span>xpenses. The actual results ma<span class=\"_ _0\"></span>y differ fr<span class=\"_ _0\"></span>om these estimat<span class=\"_ _0\"></span>es.  Management\u2019s estima<span class=\"_ _0\"></span>tes and judgements ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>wed on an ongoing basis. Re<span class=\"_ _0\"></span>visions to estimat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised prospectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  Information about judgements, assumptions and es<span class=\"_ _0\"></span>timation uncertainties that ha<span class=\"_ _4\"></span>ve significant risk of resulting in a material adjustment t<span class=\"_ _0\"></span>o the carrying amounts of assets and liabilities in the ne<span class=\"_ _4\"></span>xt financial year is included in the follo<span class=\"_ _0\"></span>wing notes: \u2022<span class=\"_ _12\"> </span>Note 7<span class=\"_ _1\"></span>.F \u2013 Rev<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition;\u2022<span class=\"_ _12\"> </span>Note 11.<span class=\"_ _0\"></span>C.a \u2013 Measurement of defined benefit obliga<span class=\"_ _0\"></span>tions: ke<span class=\"_ _4\"></span>y actuarial assumptions;\u2022<span class=\"_ _12\"> </span>Note 13.<span class=\"_ _0\"></span>C \u2013 Recognition of def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets, a<span class=\"_ _0\"></span>vailabilit<span class=\"_ _0\"></span>y of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits against which carryforw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>dtax losses can be used;\u2022<span class=\"_ _12\"> </span>Note 15.B \u2013 Reco<span class=\"_ _4\"></span>verabilit<span class=\"_ _0\"></span>y of ov<span class=\"_ _4\"></span>erdue rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able from a f<span class=\"_ _0\"></span>ormer cust<span class=\"_ _0\"></span>omer in the Middle-East;\u2022<span class=\"_ _12\"> </span>Note 17<span class=\"_ _1\"></span>.D \u2013 Impairment loss on Property<span class=\"_ _1\"></span>, plant and equipment;\u2022<span class=\"_ _12\"> </span>Note 19.D \u2013 Impairment tes<span class=\"_ _0\"></span>t: ke<span class=\"_ _4\"></span>y assumptions underlying reco<span class=\"_ _4\"></span>verable amounts;\u2022<span class=\"_ _12\"> </span>Note 20.B \u2013 Measur<span class=\"_ _0\"></span>ement of fair v<span class=\"_ _4\"></span>alue of Investment pr<span class=\"_ _4\"></span>operty;\u2022<span class=\"_ _12\"> </span>Note 30.<span class=\"_ _4\"></span>C1 \u2013 Measurement of expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses on tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets: k<span class=\"_ _4\"></span>ey assumptionsin determining e<span class=\"_ _0\"></span>xpected los<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>tes.F<span class=\"_ _1\"></span>. Significant judgments in rev<span class=\"_ _4\"></span>enue recognition In rec<span class=\"_ _0\"></span>ognizing r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue the Group makes judgements r<span class=\"_ _4\"></span>egarding the timing of satisfaction of performanc<span class=\"_ _0\"></span>e obligations, the identification of distinct perf<span class=\"_ _0\"></span>ormance obligations, as w<span class=\"_ _0\"></span>ell as the tr<span class=\"_ _0\"></span>ansaction price and the amounts allocated t<span class=\"_ _0\"></span>o performance obliga<span class=\"_ _0\"></span>tions. The mos<span class=\"_ _0\"></span>t significant of these estimates ar<span class=\"_ _4\"></span>e described below: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>ontracts including multiple perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions are mainly identified in cables segment f<span class=\"_ _0\"></span>or turnke<span class=\"_ _4\"></span>y<span class=\"_ _8\"></span> projects and f<span class=\"_ _0\"></span>or customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts in both segments, as described in Note 7<span class=\"_ _1\"></span>.B and Note 5.3. In such cases the total tr<span class=\"_ _0\"></span>ansaction price is allocat<span class=\"_ _0\"></span>ed to these perf<span class=\"_ _0\"></span>ormance obligations on the basis of the r<span class=\"_ _4\"></span>elative standalone selling prices of the pr<span class=\"_ _0\"></span>omised goods or services. If these goods and servic<span class=\"_ _0\"></span>es are not sold separ<span class=\"_ _4\"></span>ately<span class=\"_ _4\"></span>, a cost plus margin appr<span class=\"_ _4\"></span>oach is used to estimate the standalone selling pric<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue deriving from the production of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts for ener<span class=\"_ _0\"></span>gy projects is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ertime. In such projects, c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed by C<span class=\"_ _0\"></span>energy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>escribe the pr<span class=\"_ _0\"></span>omises of both: \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>oducing customized pr<span class=\"_ _0\"></span>oducts based on customers\u2019 specifica<span class=\"_ _0\"></span>tions; and \u2022 <span class=\"_ _23\"> </span>tr<span class=\"_ _4\"></span>ansporting them to the customer\u2019s site<span class=\"_ _0\"></span>.  <span class=\"_ _52\"> </span>In such cases, transportation is consider<span class=\"_ _0\"></span>ed as a separ<span class=\"_ _0\"></span>ate perf<span class=\"_ _0\"></span>ormance obligation, sinc<span class=\"_ _0\"></span>e both criteria pr<span class=\"_ _0\"></span>escribed in IFRS 15.27 ar<span class=\"_ _0\"></span>e met, since the cus<span class=\"_ _0\"></span>tomer benefits fr<span class=\"_ _0\"></span>om the offer<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansportation service and the pr<span class=\"_ _4\"></span>omise<span class=\"_ _8\"></span> to tr<span class=\"_ _0\"></span>ansport the goods to the cus<span class=\"_ _0\"></span>tomer is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _4\"></span>om the production of these customiz<span class=\"_ _0\"></span>ed products.  <span class=\"_ _52\"> </span>Rev<span class=\"_ _0\"></span>enue for or<span class=\"_ _0\"></span>ders of standar<span class=\"_ _0\"></span>dized pr<span class=\"_ _4\"></span>oducts (i.e. hollow s<span class=\"_ _0\"></span>tructur<span class=\"_ _0\"></span>al sections, wires and non-cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pow<span class=\"_ _4\"></span>er<span class=\"_ _8\"></span> &amp; telecom cables<span class=\"_ _4\"></span>) is recognized at a specific point in time and tr<span class=\"_ _4\"></span>ansportation is not considered a separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e performance obliga<span class=\"_ _0\"></span>tion, since the second crit<span class=\"_ _0\"></span>erion of IFRS 15.27 is not met. \u2022 <span class=\"_ _23\"> </span>Some c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts with customers in<span class=\"_ _4\"></span>volve a v<span class=\"_ _4\"></span>ariable transaction cost as the<span class=\"_ _0\"></span>y include a v<span class=\"_ _0\"></span>olume or tr<span class=\"_ _0\"></span>ade discount based on the total sales to the cus<span class=\"_ _0\"></span>tomer within a time period. In such case r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised based on the anticipated sales t<span class=\"_ _0\"></span>o the customer thr<span class=\"_ _4\"></span>oughout the year<span class=\"_ _4\"></span>, as these sales are r<span class=\"_ _0\"></span>ealized and ne<span class=\"_ _4\"></span>w orders are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> and up to an e<span class=\"_ _0\"></span>xtent it is highly pr<span class=\"_ _4\"></span>obable that a significant rev<span class=\"_ _4\"></span>ersal of cumulative r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue recognised will not be needed. a) Actuarial assump<span class=\"_ _0\"></span>tions The f<span class=\"_ _0\"></span>ollowing w<span class=\"_ _4\"></span>ere the weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage principal actuarial assumptions at the r<span class=\"_ _0\"></span>eporting date:  <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15d\"> </span>3.66% <span class=\"_ _c7\"> </span>0.21%  Inflation <span class=\"_ _70\"> </span>2.80% <span class=\"_ _e8\"> </span>2.<span class=\"_ _0\"></span>10%  Future salary gr<span class=\"_ _4\"></span>owth <span class=\"_ _15e\"> </span>3.05% <span class=\"_ _122\"> </span>2.95%  Plan duration (<span class=\"_ _4\"></span>expressed in y<span class=\"_ _4\"></span>ears) <span class=\"_ _15f\"> </span>5.41 <span class=\"_ _11c\"> </span>6.26 Assumptions r<span class=\"_ _0\"></span>egarding futur<span class=\"_ _4\"></span>e mortality have been based on published s<span class=\"_ _0\"></span>tatistics and mortality tables. On 31 December 2022, the ac<span class=\"_ _0\"></span>cumulated tax los<span class=\"_ _0\"></span>ses carried forw<span class=\"_ _0\"></span>ard a<span class=\"_ _4\"></span>vailable for futur<span class=\"_ _0\"></span>e use amounted t<span class=\"_ _0\"></span>o EUR 61.3 million. Cener<span class=\"_ _4\"></span>gy Holdings\u2019 companies hav<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised a deferr<span class=\"_ _4\"></span>ed tax asset on tax losses of EUR 52.6 million because management consider<span class=\"_ _0\"></span>ed it pr<span class=\"_ _0\"></span>obable that future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits would be a<span class=\"_ _4\"></span>vailable against which such tax losses can be used during the ne<span class=\"_ _0\"></span>xt fiv<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>ears. Deferr<span class=\"_ _0\"></span>ed tax asset on tax losses of EUR 7<span class=\"_ _1\"></span>.9 million relat<span class=\"_ _0\"></span>es to s<span class=\"_ _0\"></span>teel pipes segment, while the respectiv<span class=\"_ _4\"></span>e amount for cables segment is EUR 3.7 million.  Based on management\u2019s estima<span class=\"_ _0\"></span>tes r<span class=\"_ _0\"></span>egar<span class=\"_ _0\"></span>ding the future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits and the utilization period of tax losses accor<span class=\"_ _4\"></span>ding to applicable tax legislation deferr<span class=\"_ _0\"></span>ed tax assets hav<span class=\"_ _4\"></span>e not been recognised in r<span class=\"_ _0\"></span>espect of tax losses carried forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>or an amount of EUR 8.7 million with e<span class=\"_ _4\"></span>xpiration date during the period 20<span class=\"_ _0\"></span>23 to 202<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>. Such tax losses for which deferr<span class=\"_ _0\"></span>ed tax assets ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not been rec<span class=\"_ _0\"></span>ognised mainly conc<span class=\"_ _0\"></span>ern the par<span class=\"_ _0\"></span>ent holdings company<span class=\"_ _1\"></span>.  Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the pr<span class=\"_ _4\"></span>ovisions of articles 49 and 72 of the Gr<span class=\"_ _4\"></span>eek Law 4172/<span class=\"_ _0\"></span>2013 c<span class=\"_ _0\"></span>oncerning thin capitalization, net inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense is deductible fr<span class=\"_ _0\"></span>om current y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s tax pr<span class=\"_ _0\"></span>ofits, if it is equal or less than 30% of EBITD<span class=\"_ _4\"></span>A and any ex<span class=\"_ _4\"></span>cess can be settled with futur<span class=\"_ _0\"></span>e tax profits without time limita<span class=\"_ _0\"></span>tions. Similar thin capitalization rules apply to the tax deductibility of inter<span class=\"_ _0\"></span>est in R<span class=\"_ _0\"></span>omania. Specifically<span class=\"_ _4\"></span>, net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>ost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITD<span class=\"_ _4\"></span>A. The ex<span class=\"_ _4\"></span>cess net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e non-deductible in the r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> tax period and may be carried f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d to an unlimit<span class=\"_ _0\"></span>ed number of tax y<span class=\"_ _0\"></span>ears. During 2022, def<span class=\"_ _0\"></span>erred tax as<span class=\"_ _0\"></span>set rec<span class=\"_ _0\"></span>ognised due to thin capitalization rules incr<span class=\"_ _4\"></span>eased by EUR 1.7 million.  B. Credit and mark<span class=\"_ _0\"></span>et risks and impairment losses on tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables During 2010, the subsidiary C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks SA initiated in Gr<span class=\"_ _0\"></span>eece and Dubai legal actions against a f<span class=\"_ _0\"></span>ormer customer in the Middle Eas<span class=\"_ _0\"></span>t regar<span class=\"_ _4\"></span>ding the reco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery of an o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue r<span class=\"_ _4\"></span>eceivable of USD 2<span class=\"_ _0\"></span>4.8 million (EUR 23.3 million on 31 December 2022), plus legal int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est. Follo<span class=\"_ _0\"></span>wing a series of court pr<span class=\"_ _4\"></span>oceedings, the Dubai Court of Cassation issued its final judgment, during 20<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>, and<span class=\"_ _8\"></span> ruled to r<span class=\"_ _0\"></span>eject any c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>claim of the former cus<span class=\"_ _0\"></span>tomer and t<span class=\"_ _0\"></span>o confirm the amount due t<span class=\"_ _0\"></span>o Corinth Pipe<span class=\"_ _0\"></span>works. In order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er this long o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue balanc<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks has initiated the enforc<span class=\"_ _0\"></span>ement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es against the assets of the former cus<span class=\"_ _0\"></span>tomer that ar<span class=\"_ _0\"></span>e locat<span class=\"_ _0\"></span>ed within any of the countries, wher<span class=\"_ _4\"></span>e the Court of Cassation judgment issued against the f<span class=\"_ _0\"></span>ormer customer is enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable (i.<span class=\"_ _0\"></span>e., U<span class=\"_ _0\"></span>AE and v<span class=\"_ _0\"></span>arious other countries in the Middle East). Ther<span class=\"_ _4\"></span>e were no other subs<span class=\"_ _0\"></span>tantial dev<span class=\"_ _4\"></span>elopments during 2022.<span class=\"_ _8\"></span>   Corinth Pipe<span class=\"_ _0\"></span>works had r<span class=\"_ _4\"></span>ecorded in the past an impairment los<span class=\"_ _0\"></span>s for the whole outstanding amount, i.<span class=\"_ _0\"></span>e., USD 24.8 million. Ho<span class=\"_ _4\"></span>wev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, the subsidiary will continue an<span class=\"_ _0\"></span>y and all actions r<span class=\"_ _0\"></span>equired t<span class=\"_ _0\"></span>o collect the full amount of tha<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able.  <span class=\"_ _8\"></span> Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit and market risks and impairment los<span class=\"_ _0\"></span>ses for tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables is included in Note 29.<span class=\"_ _4\"></span>C.<span class=\"_ _0\"></span>1. D<span class=\"_ _0\"></span>. Impairment tes<span class=\"_ _0\"></span>t As these intangible assets do not gener<span class=\"_ _0\"></span>ate independent cash inflo<span class=\"_ _0\"></span>ws, it w<span class=\"_ _4\"></span>as considered appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>o carry out the impairment test on the basis of the Cash Gener<span class=\"_ _4\"></span>ating Unit (CGU) of Fulgor submarine cables pr<span class=\"_ _4\"></span>oduction plant, which<span class=\"_ _8\"></span> incorpor<span class=\"_ _0\"></span>ates these as<span class=\"_ _0\"></span>sets. T<span class=\"_ _1\"></span>o e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the v<span class=\"_ _0\"></span>alue in use, cash flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>ojections based on estimat<span class=\"_ _0\"></span>es by management co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear period (2023 \u2013 2027) w<span class=\"_ _0\"></span>ere used. T<span class=\"_ _0\"></span>hese estimat<span class=\"_ _0\"></span>es tak<span class=\"_ _0\"></span>e into c<span class=\"_ _0\"></span>onsideration the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts alr<span class=\"_ _0\"></span>eady signed, as well as c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts estimated t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ded in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _0\"></span>oad. The submarine cables C<span class=\"_ _0\"></span>GU oper<span class=\"_ _0\"></span>ates as a pr<span class=\"_ _0\"></span>oject-based business. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, assumptions r<span class=\"_ _4\"></span>elated to r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue and<span class=\"_ _8\"></span> profitability gr<span class=\"_ _4\"></span>owth are based on the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already signed, as w<span class=\"_ _4\"></span>ell as those estimated to be undertak<span class=\"_ _0\"></span>en in the forthcoming period. T<span class=\"_ _0\"></span>he main assumptions r<span class=\"_ _4\"></span>egarding the operations of submarine cables C<span class=\"_ _0\"></span>GU and the pr<span class=\"_ _0\"></span>ojects to be ex<span class=\"_ _4\"></span>ecuted within the five-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear period are: \u2022 <span class=\"_ _23\"> </span>Pr<span class=\"_ _4\"></span>ogressiv<span class=\"_ _0\"></span>ely high-capacity utilization of Corinth plant o<span class=\"_ _4\"></span>wned by Fulgor<span class=\"_ _4\"></span>, as the one observed during the las<span class=\"_ _0\"></span>t 3 years, based on c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already a<span class=\"_ _4\"></span>warded and those e<span class=\"_ _0\"></span>xpected giv<span class=\"_ _4\"></span>en the tendering activity<span class=\"_ _4\"></span>. Given the e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> backlog and the gro<span class=\"_ _4\"></span>wth of renew<span class=\"_ _0\"></span>ables business ar<span class=\"_ _0\"></span>ound the w<span class=\"_ _0\"></span>orld, which is a significant driv<span class=\"_ _0\"></span>er in the attr<span class=\"_ _0\"></span>activ<span class=\"_ _0\"></span>e outlook for the offshor<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er generation market, the c<span class=\"_ _0\"></span>ontinuously high le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el of activity is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be retained thr<span class=\"_ _4\"></span>oughout the period 2023-2027<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Capital e<span class=\"_ _4\"></span>xpenditure of appro<span class=\"_ _4\"></span>x. EUR 189 million in the following 5 y<span class=\"_ _4\"></span>ears, to cov<span class=\"_ _4\"></span>er estimated pr<span class=\"_ _0\"></span>oduction and capacity needs. Capital e<span class=\"_ _0\"></span>xpenditure r<span class=\"_ _4\"></span>eflects investments f<span class=\"_ _0\"></span>or maintenanc<span class=\"_ _0\"></span>e as w<span class=\"_ _0\"></span>ell as organic gr<span class=\"_ _4\"></span>owth. For the terminal period, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments ar<span class=\"_ _0\"></span>e set equal to depr<span class=\"_ _0\"></span>eciation. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue fr<span class=\"_ _4\"></span>om offshore business for the fiv<span class=\"_ _4\"></span>e-year period is set t<span class=\"_ _0\"></span>o ca. 24% attributable to the as<span class=\"_ _0\"></span>signment of new pr<span class=\"_ _4\"></span>ojects mainly in Greece, North Eur<span class=\"_ _0\"></span>ope and the USA. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he EBITD<span class=\"_ _4\"></span>A margin per offshore pr<span class=\"_ _4\"></span>oject is assumed in the range of 15%-25% of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue. Estimated pr<span class=\"_ _0\"></span>ofitability per project v<span class=\"_ _4\"></span>aries due to different types of cables r<span class=\"_ _4\"></span>equired, technical specifications, geogr<span class=\"_ _0\"></span>aphic r<span class=\"_ _0\"></span>egion and the project\u2019<span class=\"_ _0\"></span>s timefr<span class=\"_ _0\"></span>ame. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of fix<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpenses is assumed equal to ca. 4.8% f<span class=\"_ _0\"></span>or the fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> period. Cash flow<span class=\"_ _0\"></span>s after the firs<span class=\"_ _0\"></span>t five y<span class=\"_ _4\"></span>ears were calcula<span class=\"_ _0\"></span>ted using an estima<span class=\"_ _0\"></span>ted long term gr<span class=\"_ _4\"></span>owth rat<span class=\"_ _0\"></span>e of 1.52%, which mainly reflects management\u2019<span class=\"_ _0\"></span>s estimat<span class=\"_ _0\"></span>es for the w<span class=\"_ _0\"></span>orld econom<span class=\"_ _0\"></span>y as w<span class=\"_ _0\"></span>ell as long-term gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wth pr<span class=\"_ _0\"></span>ospects of the offshore cable sector<span class=\"_ _1\"></span>. The pre-tax r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o discount these cash flo<span class=\"_ _4\"></span>ws was 12.0<span class=\"_ _0\"></span>2%, based on the follo<span class=\"_ _0\"></span>wing assumptions: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>-fr<span class=\"_ _0\"></span>ee ra<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>as based on AAA European bond yields. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ountry risk calculations wer<span class=\"_ _4\"></span>e based on the expected futur<span class=\"_ _0\"></span>e sales mix and the fact that the busines<span class=\"_ _0\"></span>s unit is based in Greec<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et risk pr<span class=\"_ _0\"></span>emium was as<span class=\"_ _0\"></span>sumed equal to 6.21%., i.<span class=\"_ _0\"></span>e., higher than the one used in last y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s impairment test, as mark<span class=\"_ _4\"></span>et conditions hav<span class=\"_ _0\"></span>e worsened. Commodity prices f<span class=\"_ _0\"></span>or copper and aluminium ar<span class=\"_ _4\"></span>e intrinsically part of the impairment test assumptions; the metal price hedging activities undertak<span class=\"_ _0\"></span>en, though, and the cust<span class=\"_ _0\"></span>omized natur<span class=\"_ _0\"></span>e of the pr<span class=\"_ _0\"></span>oducts sold by F<span class=\"_ _0\"></span>ulgor<span class=\"_ _4\"></span>, suggest that the value of the busines<span class=\"_ _0\"></span>s unit is not significantly affect<span class=\"_ _0\"></span>ed by fluctua<span class=\"_ _0\"></span>tions in commodity pric<span class=\"_ _0\"></span>es.  Hence, a neutr<span class=\"_ _4\"></span>al<span class=\"_ _8\"></span> result fr<span class=\"_ _4\"></span>om metal price fluctuations is assumed in the conte<span class=\"_ _4\"></span>xt of the impairment test. The r<span class=\"_ _0\"></span>esults of this tes<span class=\"_ _0\"></span>t indicated that the r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount on 31 December 2022 e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds the carrying amount of the CGU (<span class=\"_ _4\"></span>equal to EUR 283 million) by EUR 688 million. A sensitivity analysis w<span class=\"_ _0\"></span>as carried out on the k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y assumptions of the model (<span class=\"_ _0\"></span>discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and gro<span class=\"_ _4\"></span>wth in<span class=\"_ _8\"></span> perpetuity), to e<span class=\"_ _0\"></span>xamine the adequac<span class=\"_ _0\"></span>y of the abo<span class=\"_ _0\"></span>ve headr<span class=\"_ _4\"></span>oom. Sensitivity analysis results indica<span class=\"_ _0\"></span>ted that the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount is c<span class=\"_ _0\"></span>omfortably e<span class=\"_ _4\"></span>xceeds the carrying v<span class=\"_ _0\"></span>alue of the CGU<span class=\"_ _0\"></span>. Assumptions ma<span class=\"_ _0\"></span>y change as follo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s so as the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount equals the carrying amount:  Assumptions used  Change in rat<span class=\"_ _0\"></span>es (percentage points change<span class=\"_ _0\"></span>)<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Discount ra<span class=\"_ _0\"></span>te <span class=\"_ _13d\"> </span>12.0<span class=\"_ _0\"></span>2 % <span class=\"_ _195\"> </span>+ 14.5 ppc Growth in perpe<span class=\"_ _0\"></span>tuity <span class=\"_ _1d8\"> </span>1.52 % <span class=\"_ _1f7\"> </span>- 118.<span class=\"_ _0\"></span>0 ppca) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-28-2": {
   "value": "5.<span class=\"_ _4\"></span>1 Basis of Consolidation<span class=\"_ _8\"></span> (a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. (b)<span class=\"_\"> </span>C<span class=\"_ _0\"></span>ommon contr<span class=\"_ _0\"></span>ol transactionsA business combination, in which all of the c<span class=\"_ _0\"></span>ombining entities or businesses ar<span class=\"_ _0\"></span>e ultimat<span class=\"_ _0\"></span>ely contr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y the same party or parties both befor<span class=\"_ _0\"></span>e and after the busines<span class=\"_ _0\"></span>s combination and when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is not transit<span class=\"_ _0\"></span>ory<span class=\"_ _1\"></span>, is a common<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>ol tr<span class=\"_ _0\"></span>ansaction. The Gr<span class=\"_ _0\"></span>oup has chosen to ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or such common c<span class=\"_ _0\"></span>ontrol tr<span class=\"_ _4\"></span>ansactions at book value (<span class=\"_ _0\"></span>carry-ov<span class=\"_ _4\"></span>er basis). The identifiable net assets ac<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed are not measur<span class=\"_ _4\"></span>ed at fair value but r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded at their carrying amounts; <span class=\"ws1\">intangible as<span class=\"_ _0\"></span>sets and contingent liabilities ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed only to the e<span class=\"_ _0\"></span>xtent that the<span class=\"_ _4\"></span>y were r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> </span>befor<span class=\"_ _0\"></span>e the business combina<span class=\"_ _0\"></span>tion in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with applicable IFRS. Any diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the consider<span class=\"_ _4\"></span>ation paid<span class=\"_ _8\"></span> and the capital of the acquir<span class=\"_ _0\"></span>ee is present<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>etained earnings within equity<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>ransaction cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e expensed as incurred. (c<span class=\"_ _0\"></span>)  Subsidiaries Subsidiaries are entities c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>olled by C<span class=\"_ _0\"></span>energy Holdings. C<span class=\"_ _0\"></span>energy Holdings c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols an entity when it is e<span class=\"_ _0\"></span>xposed to<span class=\"_ _0\"></span>, or has rights to<span class=\"_ _0\"></span>, variable r<span class=\"_ _4\"></span>eturns from its inv<span class=\"_ _4\"></span>olvement with the entity and has the ability to aff<span class=\"_ _0\"></span>ect those r<span class=\"_ _0\"></span>eturns through its po<span class=\"_ _4\"></span>wer ov<span class=\"_ _4\"></span>er the entity<span class=\"_ _4\"></span>. The financial stat<span class=\"_ _0\"></span>ements of the subsidiaries are included in the C<span class=\"_ _0\"></span>onsolidated Financial Statements fr<span class=\"_ _4\"></span>om the date on which control c<span class=\"_ _0\"></span>ommences until the da<span class=\"_ _0\"></span>te on which contr<span class=\"_ _4\"></span>ol ceases.<span class=\"_ _8\"></span> (d) Non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>ts Non-contr<span class=\"_ _0\"></span>olling inter<span class=\"_ _0\"></span>ests (NCI) ar<span class=\"_ _4\"></span>e measured at fair v<span class=\"_ _0\"></span>alue or at their pr<span class=\"_ _0\"></span>oportionate shar<span class=\"_ _4\"></span>e of the acquiree\u2019<span class=\"_ _0\"></span>s identifiable net assets at the dat<span class=\"_ _0\"></span>e of acquisition. T<span class=\"_ _0\"></span>his measurement is done on an ac<span class=\"_ _0\"></span>quisition by ac<span class=\"_ _0\"></span>quisition basis.  Changes in Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>est in a subsidiary that do not r<span class=\"_ _4\"></span>esult in a loss of control ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as equity transactions. (e<span class=\"_ _4\"></span>) Loss of control When Cener<span class=\"_ _0\"></span>gy Holdings loses contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a subsidiary<span class=\"_ _1\"></span>, the assets and liabilities of the subsidiary are der<span class=\"_ _0\"></span>ecognised, and any r<span class=\"_ _0\"></span>elated NCI and other c<span class=\"_ _0\"></span>omponents of equity<span class=\"_ _1\"></span>. Any resulting gain or los<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Any inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>etained in the former subsidiary is measur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is lost. (f) Associates Associates ar<span class=\"_ _4\"></span>e those entities in which Cenergy Holdings has significant influence<span class=\"_ _0\"></span>, but not contr<span class=\"_ _0\"></span>ol or joint contr<span class=\"_ _4\"></span>ol,<span class=\"_ _8\"></span> ov<span class=\"_ _4\"></span>er the financial and operating policies. This is gener<span class=\"_ _4\"></span>ally the case where Cener<span class=\"_ _0\"></span>gy Holdings holds betw<span class=\"_ _0\"></span>een 20% and 50% of the voting rights. In<span class=\"_ _4\"></span>vestments in associat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method of accounting (<span class=\"_ _0\"></span>see (h) below), aft<span class=\"_ _0\"></span>er initially being r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost. (g) Joint arr<span class=\"_ _0\"></span>angements Under IFRS 11 Joint Arrangements, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments in joint arr<span class=\"_ _0\"></span>angements ar<span class=\"_ _0\"></span>e classified as either joint oper<span class=\"_ _0\"></span>ations or joint ventur<span class=\"_ _4\"></span>es. The classification depends on the contr<span class=\"_ _4\"></span>actual rights and obligations of each inves<span class=\"_ _0\"></span>tor<span class=\"_ _1\"></span>, rather than the legal structur<span class=\"_ _0\"></span>e of the joint arrangement.  Joint operations Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses of joint operations and its share of an<span class=\"_ _0\"></span>y jointly held or incurr<span class=\"_ _0\"></span>ed assets, liabilities, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enues and expenses. These ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incorpor<span class=\"_ _4\"></span>ated in<span class=\"_ _8\"></span> the financial statements under the appr<span class=\"_ _4\"></span>opriate headings.  Joint ventures A joint ventur<span class=\"_ _4\"></span>e is an arrangement in which Cener<span class=\"_ _0\"></span>gy Holdings has joint contr<span class=\"_ _0\"></span>ol, wher<span class=\"_ _0\"></span>eby C<span class=\"_ _0\"></span>energy Holdings has rights to the net assets of the arr<span class=\"_ _4\"></span>angement, rather than rights to its assets and obligations f<span class=\"_ _0\"></span>or its liabilities. Inter<span class=\"_ _0\"></span>ests in joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method (see (h) belo<span class=\"_ _0\"></span>w), after initially being r<span class=\"_ _0\"></span>ecognised at cost in the c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _0\"></span>ed balance sheet. (h) Equity method Under the equity method of acc<span class=\"_ _0\"></span>ounting, the inv<span class=\"_ _4\"></span>estments are initially r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost and adjust<span class=\"_ _0\"></span>ed ther<span class=\"_ _0\"></span>eafter to r<span class=\"_ _0\"></span>ecognise C<span class=\"_ _0\"></span>energy Holdings\u2019 shar<span class=\"_ _4\"></span>e of the post-acquisition profits or losses of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee in profit or los<span class=\"_ _0\"></span>s, and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of mo<span class=\"_ _4\"></span>vements in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee, until the dat<span class=\"_ _0\"></span>e on which significant influence or joint contr<span class=\"_ _4\"></span>ol ceases. Dividends receiv<span class=\"_ _4\"></span>ed or receiv<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om associat<span class=\"_ _0\"></span>es and joint v<span class=\"_ _0\"></span>entures ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as a r<span class=\"_ _0\"></span>eduction in the carrying amount of the inv<span class=\"_ _4\"></span>estment.<span class=\"_ _8\"></span> When the Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of los<span class=\"_ _0\"></span>ses in an equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estment equals or ex<span class=\"_ _0\"></span>ceeds its int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the entity<span class=\"_ _1\"></span>, Cenergy Holdings does not r<span class=\"_ _0\"></span>ecognise further losses, unles<span class=\"_ _0\"></span>s it has incurred obliga<span class=\"_ _0\"></span>tions or made payments on behalf of the other entity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>ests in equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees comprise only of inter<span class=\"_ _4\"></span>ests in associates. (i) T<span class=\"_ _4\"></span>ransactions eliminated on c<span class=\"_ _0\"></span>onsolidation Intra gr<span class=\"_ _4\"></span>oup balances and transactions, and any unr<span class=\"_ _4\"></span>ealised income and expenses arising fr<span class=\"_ _0\"></span>om intra gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> transactions, ar<span class=\"_ _4\"></span>e eliminated. Unrealized gains arising fr<span class=\"_ _4\"></span>om transactions with equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> eliminated against the in<span class=\"_ _4\"></span>vestment to the e<span class=\"_ _4\"></span>xtent the Group\u2019<span class=\"_ _0\"></span>s inter<span class=\"_ _4\"></span>est in the inves<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>. Unrealiz<span class=\"_ _0\"></span>ed losses ar<span class=\"_ _0\"></span>e eliminated in the same wa<span class=\"_ _0\"></span>y as unr<span class=\"_ _0\"></span>ealized gains, but only to the e<span class=\"_ _4\"></span>xtent that there is no e<span class=\"_ _0\"></span>vidence of impairment. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-4": {
   "value": "(a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. (b)<span class=\"_\"> </span>C<span class=\"_ _0\"></span>ommon contr<span class=\"_ _0\"></span>ol transactionsA business combination, in which all of the c<span class=\"_ _0\"></span>ombining entities or businesses ar<span class=\"_ _0\"></span>e ultimat<span class=\"_ _0\"></span>ely contr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y the same party or parties both befor<span class=\"_ _0\"></span>e and after the busines<span class=\"_ _0\"></span>s combination and when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is not transit<span class=\"_ _0\"></span>ory<span class=\"_ _1\"></span>, is a common<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>ol tr<span class=\"_ _0\"></span>ansaction. The Gr<span class=\"_ _0\"></span>oup has chosen to ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or such common c<span class=\"_ _0\"></span>ontrol tr<span class=\"_ _4\"></span>ansactions at book value (<span class=\"_ _0\"></span>carry-ov<span class=\"_ _4\"></span>er basis). The identifiable net assets ac<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed are not measur<span class=\"_ _4\"></span>ed at fair value but r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded at their carrying amounts; <span class=\"ws1\">intangible as<span class=\"_ _0\"></span>sets and contingent liabilities ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed only to the e<span class=\"_ _0\"></span>xtent that the<span class=\"_ _4\"></span>y were r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> </span>befor<span class=\"_ _0\"></span>e the business combina<span class=\"_ _0\"></span>tion in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with applicable IFRS. Any diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the consider<span class=\"_ _4\"></span>ation paid<span class=\"_ _8\"></span> and the capital of the acquir<span class=\"_ _0\"></span>ee is present<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>etained earnings within equity<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>ransaction cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e expensed as incurred. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-5": {
   "value": "(a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. (b)<span class=\"_\"> </span>C<span class=\"_ _0\"></span>ommon contr<span class=\"_ _0\"></span>ol transactionsA business combination, in which all of the c<span class=\"_ _0\"></span>ombining entities or businesses ar<span class=\"_ _0\"></span>e ultimat<span class=\"_ _0\"></span>ely contr<span class=\"_ _0\"></span>olled b<span class=\"_ _0\"></span>y the same party or parties both befor<span class=\"_ _0\"></span>e and after the busines<span class=\"_ _0\"></span>s combination and when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is not transit<span class=\"_ _0\"></span>ory<span class=\"_ _1\"></span>, is a common<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>ol tr<span class=\"_ _0\"></span>ansaction. The Gr<span class=\"_ _0\"></span>oup has chosen to ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or such common c<span class=\"_ _0\"></span>ontrol tr<span class=\"_ _4\"></span>ansactions at book value (<span class=\"_ _0\"></span>carry-ov<span class=\"_ _4\"></span>er basis). The identifiable net assets ac<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>ed are not measur<span class=\"_ _4\"></span>ed at fair value but r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded at their carrying amounts; <span class=\"ws1\">intangible as<span class=\"_ _0\"></span>sets and contingent liabilities ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed only to the e<span class=\"_ _0\"></span>xtent that the<span class=\"_ _4\"></span>y were r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> </span>befor<span class=\"_ _0\"></span>e the business combina<span class=\"_ _0\"></span>tion in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with applicable IFRS. Any diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the consider<span class=\"_ _4\"></span>ation paid<span class=\"_ _8\"></span> and the capital of the acquir<span class=\"_ _0\"></span>ee is present<span class=\"_ _0\"></span>ed in r<span class=\"_ _0\"></span>etained earnings within equity<span class=\"_ _1\"></span>. T<span class=\"_ _4\"></span>ransaction cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e expensed as incurred. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-6": {
   "value": "(a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-29-7": {
   "value": "(a)<span class=\"_\"> </span>Business combinationsAc<span class=\"_ _0\"></span>quisition of subsidiaries is account<span class=\"_ _0\"></span>ed for using the ac<span class=\"_ _0\"></span>quisition method on the acquisition dat<span class=\"_ _0\"></span>e, i.e<span class=\"_ _0\"></span>. the date on which contr<span class=\"_ _0\"></span>ol is tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed to Cener<span class=\"_ _4\"></span>gy Holdings. T<span class=\"_ _1\"></span>o assess contr<span class=\"_ _0\"></span>ol, Cener<span class=\"_ _0\"></span>gy Holdings tak<span class=\"_ _0\"></span>es into ac<span class=\"_ _0\"></span>count substantiv<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> potential v<span class=\"_ _0\"></span>oting rights.  Cener<span class=\"_ _0\"></span>gy Holdings measures goodwill on the ac<span class=\"_ _0\"></span>quisition date as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s: \u2022<span class=\"_ _12\"> </span>the fair value of the c<span class=\"_ _0\"></span>onsidera<span class=\"_ _0\"></span>tion paid; plus\u2022<span class=\"_ _12\"> </span>the value of any non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the acquir<span class=\"_ _4\"></span>ed subsidiary; less\u2022<span class=\"_ _12\"> </span>the fair value of identifiable as<span class=\"_ _0\"></span>sets and liabilities assumed.Any goodwill that arises is t<span class=\"_ _0\"></span>ested annually f<span class=\"_ _0\"></span>or impairment. Any gain on a bar<span class=\"_ _0\"></span>gain pur<span class=\"_ _0\"></span>chase is immediately rec<span class=\"_ _0\"></span>ognized in the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpenses directly link<span class=\"_ _4\"></span>ed with acquisition are directly pos<span class=\"_ _0\"></span>ted in the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss. An<span class=\"_ _0\"></span>y contingent c<span class=\"_ _0\"></span>onsideration is r<span class=\"_ _4\"></span>ecognized at its fair v<span class=\"_ _0\"></span>alue on the acquisition dat<span class=\"_ _0\"></span>e. 5.<span class=\"_ _4\"></span>10 Intangible assets<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Research and De<span class=\"_ _0\"></span>velopment<span class=\"ff19\">: Expenditur<span class=\"_ _4\"></span>e on research activities is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _4\"></span>ofit and loss as incurred. </span>Dev<span class=\"_ _4\"></span>elopment expenditure is capitalised only if the e<span class=\"_ _4\"></span>xpenditure can be measured r<span class=\"_ _0\"></span>eliably<span class=\"_ _1\"></span>, the product or pr<span class=\"_ _0\"></span>ocess is technically and commer<span class=\"_ _4\"></span>cial feasible, future ec<span class=\"_ _0\"></span>onomic benefits are pr<span class=\"_ _4\"></span>obable and Cenergy Holdings intends t<span class=\"_ _0\"></span>o and hav<span class=\"_ _4\"></span>e sufficient resourc<span class=\"_ _0\"></span>es to c<span class=\"_ _0\"></span>omplete de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment and to use or sell the asset. Otherwise<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, de<span class=\"_ _4\"></span>velopment expenditur<span class=\"_ _4\"></span>e is measured at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. Softw<span class=\"_ _0\"></span>are programs<span class=\"ff19\">: Soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e licenses ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded at their acquisition c<span class=\"_ _0\"></span>ost less ac<span class=\"_ _0\"></span>cumulated amortisa<span class=\"_ _0\"></span>tion. These </span>assets ar<span class=\"_ _0\"></span>e amortised on the str<span class=\"_ _0\"></span>aight line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, which ranges betw<span class=\"_ _0\"></span>een 3 to 10 years. Expenses tha<span class=\"_ _0\"></span>t are as<span class=\"_ _0\"></span>sociated with the soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e\u2019<span class=\"_ _0\"></span>s maintenanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss in the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e incurred.  Other intangible assets<span class=\"ff19\">: Other intangible as<span class=\"_ _0\"></span>sets, including customer r<span class=\"_ _4\"></span>elationships, \u201cknow-ho<span class=\"_ _0\"></span>w\u201d, patents and </span>trademarks, which ar<span class=\"_ _4\"></span>e acquired by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings and hav<span class=\"_ _4\"></span>e finite useful lives ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. These as<span class=\"_ _0\"></span>sets are amortised on the s<span class=\"_ _0\"></span>traight line method ov<span class=\"_ _4\"></span>er their estimated useful liv<span class=\"_ _0\"></span>es. Other intangible assets ha<span class=\"_ _0\"></span>ving indefinite useful liv<span class=\"_ _4\"></span>es are measured at c<span class=\"_ _0\"></span>ost less accumulat<span class=\"_ _0\"></span>ed impairment losses. B. Subsequent expenditur<span class=\"_ _0\"></span>e Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only when it increases the future ec<span class=\"_ _0\"></span>onomic benefits embodied in the specific asset to which it r<span class=\"_ _4\"></span>elates. All other expenditur<span class=\"_ _0\"></span>e, including e<span class=\"_ _0\"></span>xpenditur<span class=\"_ _0\"></span>e on internally gener<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed goodwill and brands, is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-31-4": {
   "value": "(c<span class=\"_ _0\"></span>)  Subsidiaries Subsidiaries are entities c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>olled by C<span class=\"_ _0\"></span>energy Holdings. C<span class=\"_ _0\"></span>energy Holdings c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols an entity when it is e<span class=\"_ _0\"></span>xposed to<span class=\"_ _0\"></span>, or has rights to<span class=\"_ _0\"></span>, variable r<span class=\"_ _4\"></span>eturns from its inv<span class=\"_ _4\"></span>olvement with the entity and has the ability to aff<span class=\"_ _0\"></span>ect those r<span class=\"_ _0\"></span>eturns through its po<span class=\"_ _4\"></span>wer ov<span class=\"_ _4\"></span>er the entity<span class=\"_ _4\"></span>. The financial stat<span class=\"_ _0\"></span>ements of the subsidiaries are included in the C<span class=\"_ _0\"></span>onsolidated Financial Statements fr<span class=\"_ _4\"></span>om the date on which control c<span class=\"_ _0\"></span>ommences until the da<span class=\"_ _0\"></span>te on which contr<span class=\"_ _4\"></span>ol ceases.<span class=\"_ _8\"></span> Changes in Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>est in a subsidiary that do not r<span class=\"_ _4\"></span>esult in a loss of control ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as equity transactions. (e<span class=\"_ _4\"></span>) Loss of control When Cener<span class=\"_ _0\"></span>gy Holdings loses contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a subsidiary<span class=\"_ _1\"></span>, the assets and liabilities of the subsidiary are der<span class=\"_ _0\"></span>ecognised, and any r<span class=\"_ _0\"></span>elated NCI and other c<span class=\"_ _0\"></span>omponents of equity<span class=\"_ _1\"></span>. Any resulting gain or los<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Any inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>etained in the former subsidiary is measur<span class=\"_ _0\"></span>ed at f<span class=\"_ _0\"></span>air value when c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol is lost. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-32-4": {
   "value": "(d) Non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>ts Non-contr<span class=\"_ _0\"></span>olling inter<span class=\"_ _0\"></span>ests (NCI) ar<span class=\"_ _4\"></span>e measured at fair v<span class=\"_ _0\"></span>alue or at their pr<span class=\"_ _0\"></span>oportionate shar<span class=\"_ _4\"></span>e of the acquiree\u2019<span class=\"_ _0\"></span>s identifiable net assets at the dat<span class=\"_ _0\"></span>e of acquisition. T<span class=\"_ _0\"></span>his measurement is done on an ac<span class=\"_ _0\"></span>quisition by ac<span class=\"_ _0\"></span>quisition basis.  Changes in Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>est in a subsidiary that do not r<span class=\"_ _4\"></span>esult in a loss of control ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted f<span class=\"_ _0\"></span>or as equity transactions. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-35-4": {
   "value": "(f) Associates Associates ar<span class=\"_ _4\"></span>e those entities in which Cenergy Holdings has significant influence<span class=\"_ _0\"></span>, but not contr<span class=\"_ _0\"></span>ol or joint contr<span class=\"_ _4\"></span>ol,<span class=\"_ _8\"></span> ov<span class=\"_ _4\"></span>er the financial and operating policies. This is gener<span class=\"_ _4\"></span>ally the case where Cener<span class=\"_ _0\"></span>gy Holdings holds betw<span class=\"_ _0\"></span>een 20% and 50% of the voting rights. In<span class=\"_ _4\"></span>vestments in associat<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method of accounting (<span class=\"_ _0\"></span>see (h) below), aft<span class=\"_ _0\"></span>er initially being r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-37-4": {
   "value": "Joint operations Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses of joint operations and its share of an<span class=\"_ _0\"></span>y jointly held or incurr<span class=\"_ _0\"></span>ed assets, liabilities, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enues and expenses. These ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incorpor<span class=\"_ _4\"></span>ated in<span class=\"_ _8\"></span> the financial statements under the appr<span class=\"_ _4\"></span>opriate headings.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-38-4": {
   "value": "Joint ventures A joint ventur<span class=\"_ _4\"></span>e is an arrangement in which Cener<span class=\"_ _0\"></span>gy Holdings has joint contr<span class=\"_ _0\"></span>ol, wher<span class=\"_ _0\"></span>eby C<span class=\"_ _0\"></span>energy Holdings has rights to the net assets of the arr<span class=\"_ _4\"></span>angement, rather than rights to its assets and obligations f<span class=\"_ _0\"></span>or its liabilities. Inter<span class=\"_ _0\"></span>ests in joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method (see (h) belo<span class=\"_ _0\"></span>w), after initially being r<span class=\"_ _0\"></span>ecognised at cost in the c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _0\"></span>ed balance sheet. (h) Equity method Under the equity method of acc<span class=\"_ _0\"></span>ounting, the inv<span class=\"_ _4\"></span>estments are initially r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost and adjust<span class=\"_ _0\"></span>ed ther<span class=\"_ _0\"></span>eafter to r<span class=\"_ _0\"></span>ecognise C<span class=\"_ _0\"></span>energy Holdings\u2019 shar<span class=\"_ _4\"></span>e of the post-acquisition profits or losses of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee in profit or los<span class=\"_ _0\"></span>s, and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of mo<span class=\"_ _4\"></span>vements in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee, until the dat<span class=\"_ _0\"></span>e on which significant influence or joint contr<span class=\"_ _4\"></span>ol ceases. Dividends receiv<span class=\"_ _4\"></span>ed or receiv<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om associat<span class=\"_ _0\"></span>es and joint v<span class=\"_ _0\"></span>entures ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as a r<span class=\"_ _0\"></span>eduction in the carrying amount of the inv<span class=\"_ _4\"></span>estment.<span class=\"_ _8\"></span> When the Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of los<span class=\"_ _0\"></span>ses in an equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estment equals or ex<span class=\"_ _0\"></span>ceeds its int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the entity<span class=\"_ _1\"></span>, Cenergy Holdings does not r<span class=\"_ _0\"></span>ecognise further losses, unles<span class=\"_ _0\"></span>s it has incurred obliga<span class=\"_ _0\"></span>tions or made payments on behalf of the other entity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>ests in equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees comprise only of inter<span class=\"_ _4\"></span>ests in associates. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-38-5": {
   "value": "Joint ventures A joint ventur<span class=\"_ _4\"></span>e is an arrangement in which Cener<span class=\"_ _0\"></span>gy Holdings has joint contr<span class=\"_ _0\"></span>ol, wher<span class=\"_ _0\"></span>eby C<span class=\"_ _0\"></span>energy Holdings has rights to the net assets of the arr<span class=\"_ _4\"></span>angement, rather than rights to its assets and obligations f<span class=\"_ _0\"></span>or its liabilities. Inter<span class=\"_ _0\"></span>ests in joint v<span class=\"_ _0\"></span>entur<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e account<span class=\"_ _0\"></span>ed for using the equit<span class=\"_ _0\"></span>y method (see (h) belo<span class=\"_ _0\"></span>w), after initially being r<span class=\"_ _0\"></span>ecognised at cost in the c<span class=\"_ _0\"></span>onsolidat<span class=\"_ _0\"></span>ed balance sheet. (h) Equity method Under the equity method of acc<span class=\"_ _0\"></span>ounting, the inv<span class=\"_ _4\"></span>estments are initially r<span class=\"_ _0\"></span>ecognised at c<span class=\"_ _0\"></span>ost and adjust<span class=\"_ _0\"></span>ed ther<span class=\"_ _0\"></span>eafter to r<span class=\"_ _0\"></span>ecognise C<span class=\"_ _0\"></span>energy Holdings\u2019 shar<span class=\"_ _4\"></span>e of the post-acquisition profits or losses of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee in profit or los<span class=\"_ _0\"></span>s, and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of mo<span class=\"_ _4\"></span>vements in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ee, until the dat<span class=\"_ _0\"></span>e on which significant influence or joint contr<span class=\"_ _4\"></span>ol ceases. Dividends receiv<span class=\"_ _4\"></span>ed or receiv<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om associat<span class=\"_ _0\"></span>es and joint v<span class=\"_ _0\"></span>entures ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as a r<span class=\"_ _0\"></span>eduction in the carrying amount of the inv<span class=\"_ _4\"></span>estment.<span class=\"_ _8\"></span> When the Cener<span class=\"_ _0\"></span>gy Holdings\u2019 share of los<span class=\"_ _0\"></span>ses in an equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed inv<span class=\"_ _4\"></span>estment equals or ex<span class=\"_ _0\"></span>ceeds its int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in the entity<span class=\"_ _1\"></span>, Cenergy Holdings does not r<span class=\"_ _0\"></span>ecognise further losses, unles<span class=\"_ _0\"></span>s it has incurred obliga<span class=\"_ _0\"></span>tions or made payments on behalf of the other entity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 inter<span class=\"_ _0\"></span>ests in equity<span class=\"_ _0\"></span>-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees comprise only of inter<span class=\"_ _4\"></span>ests in associates. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-41-6": {
   "value": "Dividends receiv<span class=\"_ _4\"></span>ed or receiv<span class=\"_ _0\"></span>able fr<span class=\"_ _0\"></span>om associat<span class=\"_ _0\"></span>es and joint v<span class=\"_ _0\"></span>entures ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as a r<span class=\"_ _0\"></span>eduction in the carrying amount of the inv<span class=\"_ _4\"></span>estment.<span class=\"_ _8\"></span> Dividend income is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss on the dat<span class=\"_ _0\"></span>e on which the right to r<span class=\"_ _4\"></span>eceive pa<span class=\"_ _0\"></span>yment is established. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-46-3": {
   "value": "5.2 Foreign curr<span class=\"_ _0\"></span>ency (a) Foreign curr<span class=\"_ _0\"></span>ency tr<span class=\"_ _0\"></span>ansactions T<span class=\"_ _1\"></span>ransactions in for<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>encies are tr<span class=\"_ _4\"></span>anslated into the r<span class=\"_ _0\"></span>espective functional curr<span class=\"_ _4\"></span>encies of Cenergy Holdings\u2019 companies at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the dates of the tr<span class=\"_ _0\"></span>ansactions. Monetary assets and liabilities denominated in f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currencies ar<span class=\"_ _4\"></span>e translated int<span class=\"_ _0\"></span>o functional currency a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rate at the r<span class=\"_ _4\"></span>eporting date. Non-monetary assets and liabilities that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _4\"></span>alue in a foreign currency ar<span class=\"_ _4\"></span>e translated int<span class=\"_ _0\"></span>o the functional currenc<span class=\"_ _0\"></span>y at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e, when the f<span class=\"_ _0\"></span>air value w<span class=\"_ _4\"></span>as determined.<span class=\"_ _8\"></span> For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed and classified in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss based on the nature of the r<span class=\"_ _4\"></span>elated item of the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Financial Position.  Non-monetary items that ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed based on historical c<span class=\"_ _0\"></span>ost in a f<span class=\"_ _0\"></span>oreign curr<span class=\"_ _4\"></span>ency are transla<span class=\"_ _0\"></span>ted at the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e at the dat<span class=\"_ _0\"></span>e of the transaction. For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency differ<span class=\"_ _4\"></span>ences arising from the tr<span class=\"_ _0\"></span>anslation of qualifying cash flo<span class=\"_ _0\"></span>w hedges to the e<span class=\"_ _0\"></span>xtent that the hedges are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e and inv<span class=\"_ _4\"></span>estments in equity securities designated as at FV<span class=\"_ _4\"></span>OCI are rec<span class=\"_ _0\"></span>ognised as Other Compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e Income (<span class=\"_ _0\"></span>OCI).  (b) F<span class=\"_ _0\"></span>oreign oper<span class=\"_ _4\"></span>ations<span class=\"_ _8\"></span> The assets and liabilities of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions, including goodwill and fair v<span class=\"_ _0\"></span>alue adjustments arising on acquisition, are tr<span class=\"_ _4\"></span>anslated into Euro a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rates of the r<span class=\"_ _4\"></span>eporting date. The inc<span class=\"_ _0\"></span>ome and expenses of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions are tr<span class=\"_ _4\"></span>anslated into Euro a<span class=\"_ _0\"></span>t the ex<span class=\"_ _4\"></span>change rates a<span class=\"_ _0\"></span>t the date of the tr<span class=\"_ _0\"></span>ansactions. T<span class=\"_ _0\"></span>he av<span class=\"_ _4\"></span>erage rat<span class=\"_ _0\"></span>e for the period is deemed to be an appr<span class=\"_ _0\"></span>opriate r<span class=\"_ _4\"></span>ate. For<span class=\"_ _0\"></span>eign curr<span class=\"_ _0\"></span>ency differ<span class=\"_ _4\"></span>ences are r<span class=\"_ _0\"></span>ecognised in OCI and ac<span class=\"_ _0\"></span>cumulated in the tr<span class=\"_ _0\"></span>anslation r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that the transla<span class=\"_ _0\"></span>tion differ<span class=\"_ _0\"></span>ence is allocat<span class=\"_ _0\"></span>ed to NCI. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-47-3": {
   "value": "5.3 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognizes r<span class=\"_ _4\"></span>evenue fr<span class=\"_ _4\"></span>om the following major sour<span class=\"_ _0\"></span>ces: \u2022 <span class=\"_ _23\"> </span>Sale of pr<span class=\"_ _4\"></span>oducts;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Ener<span class=\"_ _4\"></span>gy projects; \u2022 <span class=\"_ _23\"> </span>S<span class=\"_ _0\"></span>teel pipes pr<span class=\"_ _0\"></span>ojects, i.e<span class=\"_ _0\"></span>. onshor<span class=\"_ _0\"></span>e and offshore cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pipelines produc<span class=\"_ _0\"></span>ed for applications based on customers\u2019 specifications. \u2022 <span class=\"_ _23\"> </span>Cables pr<span class=\"_ _4\"></span>ojects, i.e. high-tech cust<span class=\"_ _0\"></span>omized under<span class=\"_ _4\"></span>ground and submarine cables and \u201cturnkey\u201d cable s<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>stems for po<span class=\"_ _0\"></span>wer or da<span class=\"_ _0\"></span>ta transmis<span class=\"_ _0\"></span>sion and distribution.  \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>endering of services. Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>es re<span class=\"_ _4\"></span>venue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol of a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Consider<span class=\"_ _0\"></span>ation can v<span class=\"_ _0\"></span>ary because of trade disc<span class=\"_ _0\"></span>ounts, v<span class=\"_ _0\"></span>olume reba<span class=\"_ _0\"></span>tes, r<span class=\"_ _0\"></span>eturns or other similar items. Depending on the type of variable c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation, the most appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e method for measuring this v<span class=\"_ _0\"></span>ariable consider<span class=\"_ _0\"></span>ation is used.  Sale of products Cener<span class=\"_ _0\"></span>gy Holdings sells hollow s<span class=\"_ _0\"></span>tructural sections f<span class=\"_ _0\"></span>or the cons<span class=\"_ _0\"></span>truction sector<span class=\"_ _1\"></span>, power cables, t<span class=\"_ _0\"></span>elecom cables, wir<span class=\"_ _0\"></span>es and ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials.  For sales of pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  The timing of the tr<span class=\"_ _0\"></span>ansfer of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol occurs when the goods ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been shipped to the cust<span class=\"_ _0\"></span>omers\u2019 location, unless otherwise specified in the terms of the contr<span class=\"_ _4\"></span>act. The terms defined on the contr<span class=\"_ _4\"></span>acts with customers are ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to Incoterms.  Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognised at a point in time is in<span class=\"_ _0\"></span>voic<span class=\"_ _0\"></span>ed either simultaneously with its r<span class=\"_ _0\"></span>ecognition or within a short time period from its r<span class=\"_ _4\"></span>ecognition. A receiv<span class=\"_ _4\"></span>able is recognised when the contr<span class=\"_ _4\"></span>ol is transferr<span class=\"_ _0\"></span>ed to the cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, as this repr<span class=\"_ _4\"></span>esents the point in time at which the right to considera<span class=\"_ _0\"></span>tion becomes unc<span class=\"_ _0\"></span>onditional. Energy projects The Gr<span class=\"_ _0\"></span>oup pr<span class=\"_ _0\"></span>oduces and sells cust<span class=\"_ _0\"></span>omized pr<span class=\"_ _4\"></span>oducts to customers for ener<span class=\"_ _4\"></span>gy projects. In the cables sector<span class=\"_ _1\"></span>, Cenergy Holdings\u2019 subsidiaries also pr<span class=\"_ _0\"></span>oduce and sell \u201cturnke<span class=\"_ _4\"></span>y\u201d cable systems, i.<span class=\"_ _0\"></span>e. supply and install complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. For distinct perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions identified, the most appr<span class=\"_ _0\"></span>opriate method t<span class=\"_ _0\"></span>o measure pr<span class=\"_ _4\"></span>ogress is used. The methods used are the f<span class=\"_ _0\"></span>ollowing: \u2022<span class=\"_ _12\"> </span>For performance obliga<span class=\"_ _0\"></span>tions rela<span class=\"_ _0\"></span>ted to pr<span class=\"_ _4\"></span>oduction of customized pr<span class=\"_ _0\"></span>oducts, depending on the type of contr<span class=\"_ _4\"></span>actconcerned, the methods t<span class=\"_ _0\"></span>o measur<span class=\"_ _0\"></span>e progr<span class=\"_ _4\"></span>ess is estimated based on:i.<span class=\"_ _12\"> </span>Production time elapsed, i.<span class=\"_ _4\"></span>e. the ratio betw<span class=\"_ _0\"></span>een the actual time spent on the pr<span class=\"_ _0\"></span>oduction and the total numberof scheduled production time<span class=\"_ _0\"></span>. This method is used f<span class=\"_ _0\"></span>or submarine cables produc<span class=\"_ _0\"></span>ed in long continuouslengths, when time elapsed is the most r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant method to measure the pr<span class=\"_ _0\"></span>ogres<span class=\"_ _0\"></span>s of the performanc<span class=\"_ _0\"></span>eobligation.ii.<span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he quantity of manuf<span class=\"_ _0\"></span>actured and t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed cable drums or steel pipes c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed with the total quantity t<span class=\"_ _0\"></span>o beproduc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the contr<span class=\"_ _4\"></span>act. This method is used for customiz<span class=\"_ _0\"></span>ed land cables and st<span class=\"_ _0\"></span>eel pipes, sincethe production of such pr<span class=\"_ _4\"></span>oducts is performed in batches and as a result the perf<span class=\"_ _0\"></span>ormance obligations r<span class=\"_ _4\"></span>elatedare satisfied as c<span class=\"_ _0\"></span>ertain bat<span class=\"_ _0\"></span>ches of agreed quantities ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been pr<span class=\"_ _0\"></span>oduced.\u2022<span class=\"_ _12\"> </span>For installation phases of cables sect<span class=\"_ _0\"></span>or<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s turnke<span class=\"_ _4\"></span>y projects, the method to measur<span class=\"_ _0\"></span>e progr<span class=\"_ _4\"></span>ess is based on appraisalof results achie<span class=\"_ _4\"></span>ved or milestones r<span class=\"_ _4\"></span>eached, based to clearly defined technical milestones, such as tr<span class=\"_ _4\"></span>ansport ormeters of cables installed. When miles<span class=\"_ _0\"></span>tones ar<span class=\"_ _0\"></span>e being used as a method to measur<span class=\"_ _4\"></span>e progress, these miles<span class=\"_ _0\"></span>tonesfaithfully depict the performanc<span class=\"_ _0\"></span>e.Management considers that these methods ar<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>opriate measur<span class=\"_ _4\"></span>es of the progress t<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>war<span class=\"_ _4\"></span>ds complete satisfaction of these performance obliga<span class=\"_ _0\"></span>tions under IFRS 15.  The timing of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition, billings and cash collections r<span class=\"_ _4\"></span>esults in billed accounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able, unbilled rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables (c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets<span class=\"_ _0\"></span>), and customer adv<span class=\"_ _4\"></span>ances (c<span class=\"_ _0\"></span>ontract liabilities<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>hese contr<span class=\"_ _0\"></span>act assets and c<span class=\"_ _0\"></span>ontract liabilities are pr<span class=\"_ _4\"></span>esented on the Consolidated Stat<span class=\"_ _0\"></span>ement of Financial Position in the lines \u201cContr<span class=\"_ _0\"></span>act assets\u201d and \u201cContr<span class=\"_ _0\"></span>act liabilities\u201d respectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>. For products and servic<span class=\"_ _0\"></span>es for which r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time, amounts are billed as w<span class=\"_ _4\"></span>ork progresses in ac<span class=\"_ _0\"></span>cor<span class=\"_ _4\"></span>dance with agreed-upon contr<span class=\"_ _4\"></span>actual terms, either upon achiev<span class=\"_ _0\"></span>ement of contr<span class=\"_ _0\"></span>actual milest<span class=\"_ _0\"></span>ones, or at the final deliv<span class=\"_ _0\"></span>ery and acc<span class=\"_ _0\"></span>eptance of the manufactur<span class=\"_ _4\"></span>ed items.<span class=\"_ _8\"></span> Generally<span class=\"_ _1\"></span>, billing occurs subsequent to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue rec<span class=\"_ _0\"></span>ognition for cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed products and servic<span class=\"_ _0\"></span>es performed ov<span class=\"_ _4\"></span>er time resulting in contr<span class=\"_ _0\"></span>act assets. Ho<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver<span class=\"_ _1\"></span>, when advances fr<span class=\"_ _4\"></span>om customers are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed before r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognized, a c<span class=\"_ _0\"></span>ontract liabilit<span class=\"_ _0\"></span>y is rec<span class=\"_ _0\"></span>ognized.  Ther<span class=\"_ _0\"></span>e is not consider<span class=\"_ _4\"></span>ed to be a significant financing component in energy pr<span class=\"_ _4\"></span>ojects contracts with cust<span class=\"_ _0\"></span>omers, as the period between the r<span class=\"_ _4\"></span>ecognition of re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue and the milestone pa<span class=\"_ _4\"></span>yment is less than one year<span class=\"_ _4\"></span>. Rendering of services Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from rendering of servic<span class=\"_ _0\"></span>es in pr<span class=\"_ _0\"></span>oportion to the stage of c<span class=\"_ _0\"></span>ompletion of the transaction at the r<span class=\"_ _4\"></span>eporting date. The s<span class=\"_ _0\"></span>tage of completion is asses<span class=\"_ _0\"></span>sed based on surv<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span>s of w<span class=\"_ _0\"></span>ork performed. Services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings are mainly r<span class=\"_ _4\"></span>elated with the products sold b<span class=\"_ _0\"></span>y its subsidiaries and mainly include:  \u2022 <span class=\"_ _23\"> </span>Metal pr<span class=\"_ _4\"></span>ocessing technical support service; \u2022 <span class=\"_ _23\"> </span>Design and engineering of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed applications; \u2022 <span class=\"_ _23\"> </span>Supervision servic<span class=\"_ _0\"></span>es; \u2022 <span class=\"_ _23\"> </span>Ins<span class=\"_ _0\"></span>tallation services; \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>epairs and replac<span class=\"_ _0\"></span>ements. All of the abov<span class=\"_ _4\"></span>e, when relat<span class=\"_ _0\"></span>ed to Ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects, are r<span class=\"_ _4\"></span>eported in the Cables\u2019 and Steel pipes\u2019 r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue streams, respectiv<span class=\"_ _4\"></span>ely<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> If payment f<span class=\"_ _0\"></span>or services is not due fr<span class=\"_ _0\"></span>om the cust<span class=\"_ _0\"></span>omer until the services ar<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>e, a c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>set is rec<span class=\"_ _0\"></span>ognised ov<span class=\"_ _4\"></span>er the period in which the services are perf<span class=\"_ _0\"></span>ormed repr<span class=\"_ _4\"></span>esenting the right to consideration f<span class=\"_ _0\"></span>or the services performed to da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>hese contr<span class=\"_ _4\"></span>act assets are pr<span class=\"_ _0\"></span>esented on the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Financial Position in the line \u201cContr<span class=\"_ _0\"></span>act assets\u201d. Contract c<span class=\"_ _0\"></span>osts Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognize the incr<span class=\"_ _4\"></span>emental costs of obtaining contr<span class=\"_ _0\"></span>acts with customers and the c<span class=\"_ _0\"></span>osts incurr<span class=\"_ _0\"></span>ed in fulfilling contr<span class=\"_ _0\"></span>acts with cust<span class=\"_ _0\"></span>omers that are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act as an asset, if those c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able, and r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>d them in the line \u201cContr<span class=\"_ _4\"></span>act costs\u201d in the Consolidated Sta<span class=\"_ _0\"></span>tement of Financial Position. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e costs incurred t<span class=\"_ _0\"></span>o obtain a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer that w<span class=\"_ _0\"></span>ould not hav<span class=\"_ _4\"></span>e been incurred if the contr<span class=\"_ _0\"></span>act had not been obtained.  Fulfilment costs ar<span class=\"_ _4\"></span>e only capitalised if they generat<span class=\"_ _0\"></span>e or enhance r<span class=\"_ _4\"></span>esources that will be used t<span class=\"_ _0\"></span>o satisfy performanc<span class=\"_ _0\"></span>e obligations in the future<span class=\"_ _0\"></span>. Assets arising fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts are amortiz<span class=\"_ _0\"></span>ed using either the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a period based on the estimated c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act dura<span class=\"_ _0\"></span>tion or based on the portion of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognised during the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ecution of the rela<span class=\"_ _0\"></span>ted contr<span class=\"_ _0\"></span>act. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e recognised as an e<span class=\"_ _0\"></span>xpense when incurred if the amortisa<span class=\"_ _0\"></span>tion period of the assets w<span class=\"_ _0\"></span>ould be one y<span class=\"_ _0\"></span>ear or less. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-48-4": {
   "value": "Consider<span class=\"_ _0\"></span>ation can v<span class=\"_ _0\"></span>ary because of trade disc<span class=\"_ _0\"></span>ounts, v<span class=\"_ _0\"></span>olume reba<span class=\"_ _0\"></span>tes, r<span class=\"_ _0\"></span>eturns or other similar items. Depending on the type of variable c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation, the most appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e method for measuring this v<span class=\"_ _0\"></span>ariable consider<span class=\"_ _0\"></span>ation is used.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-51-4": {
   "value": "Contract c<span class=\"_ _0\"></span>osts Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognize the incr<span class=\"_ _4\"></span>emental costs of obtaining contr<span class=\"_ _0\"></span>acts with customers and the c<span class=\"_ _0\"></span>osts incurr<span class=\"_ _0\"></span>ed in fulfilling contr<span class=\"_ _0\"></span>acts with cust<span class=\"_ _0\"></span>omers that are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act as an asset, if those c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able, and r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>d them in the line \u201cContr<span class=\"_ _4\"></span>act costs\u201d in the Consolidated Sta<span class=\"_ _0\"></span>tement of Financial Position. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e costs incurred t<span class=\"_ _0\"></span>o obtain a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer that w<span class=\"_ _0\"></span>ould not hav<span class=\"_ _4\"></span>e been incurred if the contr<span class=\"_ _0\"></span>act had not been obtained.  Fulfilment costs ar<span class=\"_ _4\"></span>e only capitalised if they generat<span class=\"_ _0\"></span>e or enhance r<span class=\"_ _4\"></span>esources that will be used t<span class=\"_ _0\"></span>o satisfy performanc<span class=\"_ _0\"></span>e obligations in the future<span class=\"_ _0\"></span>. Assets arising fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts are amortiz<span class=\"_ _0\"></span>ed using either the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a period based on the estimated c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act dura<span class=\"_ _0\"></span>tion or based on the portion of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognised during the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ecution of the rela<span class=\"_ _0\"></span>ted contr<span class=\"_ _0\"></span>act. Incremental c<span class=\"_ _0\"></span>osts of obtaining c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e recognised as an e<span class=\"_ _0\"></span>xpense when incurred if the amortisa<span class=\"_ _0\"></span>tion period of the assets w<span class=\"_ _0\"></span>ould be one y<span class=\"_ _0\"></span>ear or less. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCustomerAcquisitionCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-3": {
   "value": "5.4 Employ<span class=\"_ _4\"></span>ee benefits<span class=\"_ _8\"></span>  (a) Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits ar<span class=\"_ _0\"></span>e expensed as the r<span class=\"_ _4\"></span>elated service is pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided. A liability is rec<span class=\"_ _0\"></span>ognised for the amount expect<span class=\"_ _0\"></span>ed to be paid if C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies hav<span class=\"_ _4\"></span>e a present legal or constructiv<span class=\"_ _4\"></span>e obligation<span class=\"_ _8\"></span> to pa<span class=\"_ _0\"></span>y this amount, as a result of pas<span class=\"_ _0\"></span>t service pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided b<span class=\"_ _0\"></span>y the emplo<span class=\"_ _0\"></span>yee and the obliga<span class=\"_ _0\"></span>tion can be estimat<span class=\"_ _0\"></span>ed reliably<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> (b) Defined c<span class=\"_ _0\"></span>ontribution plans Defined-contribution plans ar<span class=\"_ _0\"></span>e plans for the period aft<span class=\"_ _0\"></span>er the emplo<span class=\"_ _0\"></span>yee has c<span class=\"_ _0\"></span>eased to w<span class=\"_ _4\"></span>ork during which Cenergy Holdings pay<span class=\"_ _0\"></span>s a defined amount to a thir<span class=\"_ _0\"></span>d legal entity without an<span class=\"_ _0\"></span>y other obligation. The ac<span class=\"_ _0\"></span>crued cos<span class=\"_ _0\"></span>t of defined-contribution pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an expense in the period tha<span class=\"_ _0\"></span>t the relat<span class=\"_ _0\"></span>ed service is pr<span class=\"_ _4\"></span>ovided. (c<span class=\"_ _0\"></span>) Defined benefit plans Cener<span class=\"_ _0\"></span>gy Holdings\u2019 net obligation in r<span class=\"_ _0\"></span>espect of defined benefit plans is calculated separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely for each plan b<span class=\"_ _0\"></span>y estimating the amount of futur<span class=\"_ _0\"></span>e benefit that emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees hav<span class=\"_ _4\"></span>e earned in the current and prior periods, discounting that amount and deducting the fair v<span class=\"_ _0\"></span>alue of any plan as<span class=\"_ _0\"></span>sets. The disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate is based on high-quality c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate bonds that are denomina<span class=\"_ _0\"></span>ted in the curr<span class=\"_ _0\"></span>ency in which the benefits will be paid. The calculation of defined benefit obligations is perf<span class=\"_ _0\"></span>ormed annually b<span class=\"_ _0\"></span>y a qualified actuary using the project<span class=\"_ _0\"></span>ed unit credit method, while benefits ar<span class=\"_ _4\"></span>e attributed ov<span class=\"_ _4\"></span>er the last 16 years befor<span class=\"_ _4\"></span>e retirement of each emplo<span class=\"_ _4\"></span>yee. Remeasur<span class=\"_ _0\"></span>ements of the net defined benefit liability<span class=\"_ _1\"></span>, which comprise actuarial gains and losses, are r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> immediately in OCI. Cener<span class=\"_ _4\"></span>gy Holdings determines the net interes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xpense on the net defined benefit liability for the period by applying the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o measure the defined benefit obliga<span class=\"_ _0\"></span>tion at the beginning of the annual period to the then-net defined benefit liability<span class=\"_ _1\"></span>, taking into acc<span class=\"_ _0\"></span>ount any changes in the net defined benefit liability during the period as a result of c<span class=\"_ _0\"></span>ontributions and benefit payments. Net int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and other e<span class=\"_ _0\"></span>xpenses relat<span class=\"_ _0\"></span>ed to defined benefit plans ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss.  When the benefits of a plan are changed or when a plan is curtailed, the r<span class=\"_ _4\"></span>esulting change in benefit that relates to past servic<span class=\"_ _0\"></span>e or the gain or loss on curtailment is r<span class=\"_ _0\"></span>ecognised immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss. Cener<span class=\"_ _4\"></span>gy Holdings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognises gains and losses on the settlement of a defined benefit plan when the settlement oc<span class=\"_ _0\"></span>curs. (d) T<span class=\"_ _1\"></span>ermination benefits T<span class=\"_ _1\"></span>ermination benefits ar<span class=\"_ _0\"></span>e expensed a<span class=\"_ _0\"></span>t the earlier of when Cener<span class=\"_ _0\"></span>gy Holdings can no longer withdra<span class=\"_ _4\"></span>w the offer of<span class=\"_ _8\"></span> those benefits and when Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises cos<span class=\"_ _0\"></span>ts for a r<span class=\"_ _0\"></span>estructuring. If benefits ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be settled wholly within 12 months of the reporting da<span class=\"_ _0\"></span>te, then the<span class=\"_ _4\"></span>y are discounted. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-4": {
   "value": "5.4 Employ<span class=\"_ _4\"></span>ee benefits<span class=\"_ _8\"></span>  (a) Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits ar<span class=\"_ _0\"></span>e expensed as the r<span class=\"_ _4\"></span>elated service is pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided. A liability is rec<span class=\"_ _0\"></span>ognised for the amount expect<span class=\"_ _0\"></span>ed to be paid if C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies hav<span class=\"_ _4\"></span>e a present legal or constructiv<span class=\"_ _4\"></span>e obligation<span class=\"_ _8\"></span> to pa<span class=\"_ _0\"></span>y this amount, as a result of pas<span class=\"_ _0\"></span>t service pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided b<span class=\"_ _0\"></span>y the emplo<span class=\"_ _0\"></span>yee and the obliga<span class=\"_ _0\"></span>tion can be estimat<span class=\"_ _0\"></span>ed reliably<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> (b) Defined c<span class=\"_ _0\"></span>ontribution plans Defined-contribution plans ar<span class=\"_ _0\"></span>e plans for the period aft<span class=\"_ _0\"></span>er the emplo<span class=\"_ _0\"></span>yee has c<span class=\"_ _0\"></span>eased to w<span class=\"_ _4\"></span>ork during which Cenergy Holdings pay<span class=\"_ _0\"></span>s a defined amount to a thir<span class=\"_ _0\"></span>d legal entity without an<span class=\"_ _0\"></span>y other obligation. The ac<span class=\"_ _0\"></span>crued cos<span class=\"_ _0\"></span>t of defined-contribution pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an expense in the period tha<span class=\"_ _0\"></span>t the relat<span class=\"_ _0\"></span>ed service is pr<span class=\"_ _4\"></span>ovided. (c<span class=\"_ _0\"></span>) Defined benefit plans Cener<span class=\"_ _0\"></span>gy Holdings\u2019 net obligation in r<span class=\"_ _0\"></span>espect of defined benefit plans is calculated separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely for each plan b<span class=\"_ _0\"></span>y estimating the amount of futur<span class=\"_ _0\"></span>e benefit that emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees hav<span class=\"_ _4\"></span>e earned in the current and prior periods, discounting that amount and deducting the fair v<span class=\"_ _0\"></span>alue of any plan as<span class=\"_ _0\"></span>sets. The disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate is based on high-quality c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate bonds that are denomina<span class=\"_ _0\"></span>ted in the curr<span class=\"_ _0\"></span>ency in which the benefits will be paid. The calculation of defined benefit obligations is perf<span class=\"_ _0\"></span>ormed annually b<span class=\"_ _0\"></span>y a qualified actuary using the project<span class=\"_ _0\"></span>ed unit credit method, while benefits ar<span class=\"_ _4\"></span>e attributed ov<span class=\"_ _4\"></span>er the last 16 years befor<span class=\"_ _4\"></span>e retirement of each emplo<span class=\"_ _4\"></span>yee. Remeasur<span class=\"_ _0\"></span>ements of the net defined benefit liability<span class=\"_ _1\"></span>, which comprise actuarial gains and losses, are r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> immediately in OCI. Cener<span class=\"_ _4\"></span>gy Holdings determines the net interes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xpense on the net defined benefit liability for the period by applying the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o measure the defined benefit obliga<span class=\"_ _0\"></span>tion at the beginning of the annual period to the then-net defined benefit liability<span class=\"_ _1\"></span>, taking into acc<span class=\"_ _0\"></span>ount any changes in the net defined benefit liability during the period as a result of c<span class=\"_ _0\"></span>ontributions and benefit payments. Net int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and other e<span class=\"_ _0\"></span>xpenses relat<span class=\"_ _0\"></span>ed to defined benefit plans ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss.  When the benefits of a plan are changed or when a plan is curtailed, the r<span class=\"_ _4\"></span>esulting change in benefit that relates to past servic<span class=\"_ _0\"></span>e or the gain or loss on curtailment is r<span class=\"_ _0\"></span>ecognised immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss. Cener<span class=\"_ _4\"></span>gy Holdings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognises gains and losses on the settlement of a defined benefit plan when the settlement oc<span class=\"_ _0\"></span>curs. (d) T<span class=\"_ _1\"></span>ermination benefits T<span class=\"_ _1\"></span>ermination benefits ar<span class=\"_ _0\"></span>e expensed a<span class=\"_ _0\"></span>t the earlier of when Cener<span class=\"_ _0\"></span>gy Holdings can no longer withdra<span class=\"_ _4\"></span>w the offer of<span class=\"_ _8\"></span> those benefits and when Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises cos<span class=\"_ _0\"></span>ts for a r<span class=\"_ _0\"></span>estructuring. If benefits ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be settled wholly within 12 months of the reporting da<span class=\"_ _0\"></span>te, then the<span class=\"_ _4\"></span>y are discounted. 5.<span class=\"_ _4\"></span>17 Provisions Pro<span class=\"_ _4\"></span>visions are measured b<span class=\"_ _4\"></span>y discounting the expected futur<span class=\"_ _4\"></span>e cash flows at a pr<span class=\"_ _0\"></span>e-tax r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. The disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te used for the determination of pr<span class=\"_ _0\"></span>esent v<span class=\"_ _0\"></span>alue reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the obligation. Pro<span class=\"_ _4\"></span>visions are rec<span class=\"_ _0\"></span>ognised when: i.<span class=\"_ _12\"> </span>Ther<span class=\"_ _4\"></span>e is a present legal or constructiv<span class=\"_ _4\"></span>e obligation as a result of past e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents.ii.<span class=\"_ _23\"> </span>P<span class=\"_ _0\"></span>ayment is pr<span class=\"_ _4\"></span>obable to settle the obligation.iii.<span class=\"_ _50\"> </span>The amount of the payment in question can be r<span class=\"_ _4\"></span>eliably estimated.Pro<span class=\"_ _4\"></span>visions for pending court rulings are r<span class=\"_ _4\"></span>ecognised when it is more lik<span class=\"_ _0\"></span>ely than not, that a pr<span class=\"_ _0\"></span>esent obligation fr<span class=\"_ _0\"></span>om this litigation e<span class=\"_ _0\"></span>xists, and payment is pr<span class=\"_ _4\"></span>obable.<span class=\"_ _8\"></span>  Assur<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>arrant<span class=\"_ _0\"></span>y pro<span class=\"_ _4\"></span>visions are rec<span class=\"_ _0\"></span>ognised when the pr<span class=\"_ _0\"></span>oduct is sold and acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o hist<span class=\"_ _0\"></span>orical experienc<span class=\"_ _0\"></span>e (probability tha<span class=\"_ _0\"></span>t sold products will need t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>eplaced). T<span class=\"_ _0\"></span>he initial estimat<span class=\"_ _0\"></span>e of warr<span class=\"_ _4\"></span>anty-relat<span class=\"_ _0\"></span>ed costs is r<span class=\"_ _4\"></span>evised annually<span class=\"_ _4\"></span>. Restructuring pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised only when Cener<span class=\"_ _0\"></span>gy Holdings has a cons<span class=\"_ _0\"></span>tructiv<span class=\"_ _0\"></span>e obligation, which is when a detailed formal plan identifies the business or part of the busines<span class=\"_ _0\"></span>s concerned, the loca<span class=\"_ _0\"></span>tion and number of employ<span class=\"_ _4\"></span>ees affected, a detailed estimat<span class=\"_ _0\"></span>e of the associat<span class=\"_ _0\"></span>ed costs, and an appr<span class=\"_ _4\"></span>opriate timeline, and the emplo<span class=\"_ _0\"></span>yees affected ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been notified of the plan\u2019<span class=\"_ _0\"></span>s main featur<span class=\"_ _4\"></span>es or when the company has already s<span class=\"_ _0\"></span>tarted t<span class=\"_ _0\"></span>o implement the plan. A pro<span class=\"_ _4\"></span>vision for onerous contr<span class=\"_ _4\"></span>acts is measured at the present v<span class=\"_ _4\"></span>alue of the lower of the e<span class=\"_ _4\"></span>xpected cost of terminating a contr<span class=\"_ _0\"></span>act and the e<span class=\"_ _0\"></span>xpected net c<span class=\"_ _0\"></span>ost of continuing with the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act. Befor<span class=\"_ _0\"></span>e the pro<span class=\"_ _4\"></span>vision is established, Cenergy Holdings rec<span class=\"_ _0\"></span>ognises any impairment los<span class=\"_ _0\"></span>s on the associated as<span class=\"_ _0\"></span>sets with the contr<span class=\"_ _0\"></span>act.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-52-5": {
   "value": "5.4 Employ<span class=\"_ _4\"></span>ee benefits<span class=\"_ _8\"></span>  (a) Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits Short-term emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits ar<span class=\"_ _0\"></span>e expensed as the r<span class=\"_ _4\"></span>elated service is pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided. A liability is rec<span class=\"_ _0\"></span>ognised for the amount expect<span class=\"_ _0\"></span>ed to be paid if C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies hav<span class=\"_ _4\"></span>e a present legal or constructiv<span class=\"_ _4\"></span>e obligation<span class=\"_ _8\"></span> to pa<span class=\"_ _0\"></span>y this amount, as a result of pas<span class=\"_ _0\"></span>t service pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided b<span class=\"_ _0\"></span>y the emplo<span class=\"_ _0\"></span>yee and the obliga<span class=\"_ _0\"></span>tion can be estimat<span class=\"_ _0\"></span>ed reliably<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> (b) Defined c<span class=\"_ _0\"></span>ontribution plans Defined-contribution plans ar<span class=\"_ _0\"></span>e plans for the period aft<span class=\"_ _0\"></span>er the emplo<span class=\"_ _0\"></span>yee has c<span class=\"_ _0\"></span>eased to w<span class=\"_ _4\"></span>ork during which Cenergy Holdings pay<span class=\"_ _0\"></span>s a defined amount to a thir<span class=\"_ _0\"></span>d legal entity without an<span class=\"_ _0\"></span>y other obligation. The ac<span class=\"_ _0\"></span>crued cos<span class=\"_ _0\"></span>t of defined-contribution pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an expense in the period tha<span class=\"_ _0\"></span>t the relat<span class=\"_ _0\"></span>ed service is pr<span class=\"_ _4\"></span>ovided. (c<span class=\"_ _0\"></span>) Defined benefit plans Cener<span class=\"_ _0\"></span>gy Holdings\u2019 net obligation in r<span class=\"_ _0\"></span>espect of defined benefit plans is calculated separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely for each plan b<span class=\"_ _0\"></span>y estimating the amount of futur<span class=\"_ _0\"></span>e benefit that emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees hav<span class=\"_ _4\"></span>e earned in the current and prior periods, discounting that amount and deducting the fair v<span class=\"_ _0\"></span>alue of any plan as<span class=\"_ _0\"></span>sets. The disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate is based on high-quality c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate bonds that are denomina<span class=\"_ _0\"></span>ted in the curr<span class=\"_ _0\"></span>ency in which the benefits will be paid. The calculation of defined benefit obligations is perf<span class=\"_ _0\"></span>ormed annually b<span class=\"_ _0\"></span>y a qualified actuary using the project<span class=\"_ _0\"></span>ed unit credit method, while benefits ar<span class=\"_ _4\"></span>e attributed ov<span class=\"_ _4\"></span>er the last 16 years befor<span class=\"_ _4\"></span>e retirement of each emplo<span class=\"_ _4\"></span>yee. Remeasur<span class=\"_ _0\"></span>ements of the net defined benefit liability<span class=\"_ _1\"></span>, which comprise actuarial gains and losses, are r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> immediately in OCI. Cener<span class=\"_ _4\"></span>gy Holdings determines the net interes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xpense on the net defined benefit liability for the period by applying the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o measure the defined benefit obliga<span class=\"_ _0\"></span>tion at the beginning of the annual period to the then-net defined benefit liability<span class=\"_ _1\"></span>, taking into acc<span class=\"_ _0\"></span>ount any changes in the net defined benefit liability during the period as a result of c<span class=\"_ _0\"></span>ontributions and benefit payments. Net int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and other e<span class=\"_ _0\"></span>xpenses relat<span class=\"_ _0\"></span>ed to defined benefit plans ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss.  When the benefits of a plan are changed or when a plan is curtailed, the r<span class=\"_ _4\"></span>esulting change in benefit that relates to past servic<span class=\"_ _0\"></span>e or the gain or loss on curtailment is r<span class=\"_ _0\"></span>ecognised immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss. Cener<span class=\"_ _4\"></span>gy Holdings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognises gains and losses on the settlement of a defined benefit plan when the settlement oc<span class=\"_ _0\"></span>curs. (d) T<span class=\"_ _1\"></span>ermination benefits T<span class=\"_ _1\"></span>ermination benefits ar<span class=\"_ _0\"></span>e expensed a<span class=\"_ _0\"></span>t the earlier of when Cener<span class=\"_ _0\"></span>gy Holdings can no longer withdra<span class=\"_ _4\"></span>w the offer of<span class=\"_ _8\"></span> those benefits and when Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises cos<span class=\"_ _0\"></span>ts for a r<span class=\"_ _0\"></span>estructuring. If benefits ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be settled wholly within 12 months of the reporting da<span class=\"_ _0\"></span>te, then the<span class=\"_ _4\"></span>y are discounted. 5.6 Finance income and financ<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts Cener<span class=\"_ _0\"></span>gy Holdings\u2019 finance inc<span class=\"_ _0\"></span>ome and finance cos<span class=\"_ _0\"></span>ts mainly include: \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income; \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense; \u2022 <span class=\"_ _23\"> </span>dividend inc<span class=\"_ _0\"></span>ome; \u2022 <span class=\"_ _23\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y gains and losses fr<span class=\"_ _0\"></span>om loans and deposits. Dividend income is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss on the dat<span class=\"_ _0\"></span>e on which the right to r<span class=\"_ _4\"></span>eceive pa<span class=\"_ _0\"></span>yment is established. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  5.7 Inc<span class=\"_ _0\"></span>ome tax Income tax e<span class=\"_ _0\"></span>xpense comprises curr<span class=\"_ _4\"></span>ent and deferred tax. It is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it relat<span class=\"_ _0\"></span>es to a busines<span class=\"_ _0\"></span>s combination, or it<span class=\"_ _0\"></span>ems r<span class=\"_ _0\"></span>ecognised dir<span class=\"_ _0\"></span>ectly in equity or in OCI. A. Current tax Current tax c<span class=\"_ _0\"></span>omprised the e<span class=\"_ _0\"></span>xpected tax pa<span class=\"_ _0\"></span>yable or r<span class=\"_ _4\"></span>eceivable on the taxable inc<span class=\"_ _0\"></span>ome or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear and any adjustment to the tax pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able or rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able in respect of pr<span class=\"_ _4\"></span>evious years. It is measur<span class=\"_ _4\"></span>ed using tax rates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted at the r<span class=\"_ _4\"></span>eporting date. Current tax also includes an<span class=\"_ _0\"></span>y tax arising fr<span class=\"_ _0\"></span>om dividends. <span class=\"_ _4d\"> </span> Current tax as<span class=\"_ _0\"></span>sets and liabilities are offset only if c<span class=\"_ _0\"></span>ertain criteria ar<span class=\"_ _4\"></span>e met.<span class=\"_ _8\"></span> B. Deferred tax Deferr<span class=\"_ _0\"></span>ed tax is rec<span class=\"_ _0\"></span>ognised in r<span class=\"_ _0\"></span>espect of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences between the carrying amounts of assets and liabilities for financial r<span class=\"_ _0\"></span>eporting purposes and the amounts used for tax<span class=\"_ _0\"></span>ation purposes. Deferr<span class=\"_ _0\"></span>ed tax is not rec<span class=\"_ _0\"></span>ognised for: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences on the initial r<span class=\"_ _4\"></span>ecognition of assets or liabilities in a transaction that is not a busines<span class=\"_ _0\"></span>s combination and that aff<span class=\"_ _0\"></span>ects neither acc<span class=\"_ _0\"></span>ounting nor taxable pr<span class=\"_ _0\"></span>ofit or loss; \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences r<span class=\"_ _4\"></span>elated to inv<span class=\"_ _4\"></span>estments in subsidiaries, associates and joint arr<span class=\"_ _0\"></span>angements to the e<span class=\"_ _0\"></span>xtent that Cener<span class=\"_ _0\"></span>gy Holdings is able to c<span class=\"_ _0\"></span>ontrol the timing of the r<span class=\"_ _4\"></span>eversal of the t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences and it is pr<span class=\"_ _4\"></span>obable<span class=\"_ _8\"></span> that they will not r<span class=\"_ _4\"></span>everse in the f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable future; and \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>axable tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences arising on the initial r<span class=\"_ _0\"></span>ecognition of goodwill. Deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised for unused tax los<span class=\"_ _0\"></span>ses, unused tax cr<span class=\"_ _0\"></span>edits and deductible tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences to the e<span class=\"_ _0\"></span>xtent that is pr<span class=\"_ _4\"></span>obable that future taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>viewed at each r<span class=\"_ _4\"></span>eporting date and are r<span class=\"_ _0\"></span>educed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it is no longer pr<span class=\"_ _0\"></span>obable that the relat<span class=\"_ _0\"></span>ed tax benefit will be r<span class=\"_ _0\"></span>ealised; such reductions ar<span class=\"_ _4\"></span>e rev<span class=\"_ _4\"></span>ersed when the probability of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits impro<span class=\"_ _4\"></span>ves. Unrec<span class=\"_ _0\"></span>ognised deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eassessed a<span class=\"_ _0\"></span>t each reporting da<span class=\"_ _0\"></span>te and r<span class=\"_ _0\"></span>ecognised t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that is has become pr<span class=\"_ _0\"></span>obable that futur<span class=\"_ _0\"></span>e taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used.  Deferr<span class=\"_ _0\"></span>ed tax is measured a<span class=\"_ _0\"></span>t the tax ra<span class=\"_ _0\"></span>tes that ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be applied to t<span class=\"_ _0\"></span>emporary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences when the<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>verse, using tax r<span class=\"_ _0\"></span>ates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e. The measur<span class=\"_ _0\"></span>ements of deferr<span class=\"_ _4\"></span>ed tax reflects the tax consequences that w<span class=\"_ _4\"></span>ould follow fr<span class=\"_ _0\"></span>om the manner in which Cener<span class=\"_ _0\"></span>gy Holdings expects, a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er or settle the carrying amount of its assets and liabilities. Deferr<span class=\"_ _0\"></span>ed income tax assets and liabilities ar<span class=\"_ _4\"></span>e offset when there is a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o offset current tax assets against curr<span class=\"_ _0\"></span>ent tax liabilities and when the deferr<span class=\"_ _4\"></span>ed income taxes r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o the same fiscal authority<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 5.8 Inv<span class=\"_ _4\"></span>entories<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>entories are stat<span class=\"_ _0\"></span>ed at the lo<span class=\"_ _0\"></span>wer of c<span class=\"_ _0\"></span>ost and net r<span class=\"_ _0\"></span>ealisable v<span class=\"_ _0\"></span>alue. T<span class=\"_ _0\"></span>he cost is det<span class=\"_ _0\"></span>ermined b<span class=\"_ _0\"></span>y applying the method of weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage cost and includes the pr<span class=\"_ _4\"></span>oduction and conv<span class=\"_ _0\"></span>ersion cost and all dir<span class=\"_ _4\"></span>ect expenses requir<span class=\"_ _4\"></span>ed to bring<span class=\"_ _8\"></span> inv<span class=\"_ _4\"></span>entories at their current condition. T<span class=\"_ _4\"></span>he net realisable value is estima<span class=\"_ _0\"></span>ted based on the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory\u2019<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent sales price, in the or<span class=\"_ _4\"></span>dinary course of business activities, less any possible selling e<span class=\"_ _4\"></span>xpenses, whenev<span class=\"_ _0\"></span>er such a case occurs. The writ<span class=\"_ _0\"></span>e-down of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories t<span class=\"_ _0\"></span>o net r<span class=\"_ _0\"></span>ealisable value and an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersals are rec<span class=\"_ _0\"></span>ognized in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d in the period in which the write-do<span class=\"_ _0\"></span>wns occur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> B. Depreciation Depreciation is calcula<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o write off the cos<span class=\"_ _0\"></span>t of items of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment less their estimated residual v<span class=\"_ _4\"></span>alues using the straight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, and is generally rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Land is not depr<span class=\"_ _0\"></span>eciated.  Administr<span class=\"_ _4\"></span>ative buildings <span class=\"_ _65\"> </span>20-50 years  Plants <span class=\"_ _66\"> </span>33-50 years  Heavy machinery <span class=\"_ _67\"> </span>12-40 y<span class=\"_ _0\"></span>ears  Light machinery <span class=\"_ _68\"> </span>8-<span class=\"_ _0\"></span>18 years  Furniture <span class=\"_ _69\"> </span>4-<span class=\"_ _0\"></span>10 years  Other equipment <span class=\"_ _6a\"> </span>4-<span class=\"_ _0\"></span>12 years  T<span class=\"_ _4\"></span>ransport means <span class=\"_ _6b\"> </span>4-<span class=\"_ _0\"></span>10 years Depreciation methods, useful liv<span class=\"_ _4\"></span>es and residual values ar<span class=\"_ _4\"></span>e revie<span class=\"_ _4\"></span>wed at each reporting dat<span class=\"_ _0\"></span>e and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. 5.<span class=\"_ _4\"></span>11 Investment pr<span class=\"_ _0\"></span>operty Inv<span class=\"_ _4\"></span>estment property<span class=\"_ _1\"></span>, which includes land, is owned by C<span class=\"_ _0\"></span>energy Holdings either f<span class=\"_ _0\"></span>or the collection of r<span class=\"_ _4\"></span>ents or for<span class=\"_ _8\"></span> capital appreciation and is not used f<span class=\"_ _0\"></span>or o<span class=\"_ _0\"></span>wner-purposes. Inv<span class=\"_ _4\"></span>estment property is pr<span class=\"_ _0\"></span>esented at c<span class=\"_ _0\"></span>ost less depr<span class=\"_ _4\"></span>eciation.<span class=\"_ _8\"></span> When the carrying amounts of inv<span class=\"_ _4\"></span>estment property e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed their r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able value<span class=\"_ _0\"></span>, the differ<span class=\"_ _0\"></span>ence (impairment) is directly r<span class=\"_ _4\"></span>ecorded in pr<span class=\"_ _0\"></span>ofit and loss as e<span class=\"_ _0\"></span>xpense. T<span class=\"_ _0\"></span>he re<span class=\"_ _4\"></span>versal of pre<span class=\"_ _4\"></span>viously recognised impairment losses is also rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit and loss as income<span class=\"_ _0\"></span>. The land is not depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed. The buildings ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciated b<span class=\"_ _4\"></span>y applying the<span class=\"_ _8\"></span> str<span class=\"_ _0\"></span>aight line method.  5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. B.<span class=\"_\"> </span>Non-financial assetsAt each r<span class=\"_ _4\"></span>eporting date, Cener<span class=\"_ _0\"></span>gy Holdings and its companies r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>view the carrying amounts of its non-financial as<span class=\"_ _0\"></span>sets (other than in<span class=\"_ _4\"></span>ventories and deferr<span class=\"_ _4\"></span>ed tax assets) to det<span class=\"_ _0\"></span>ermine whether there is an<span class=\"_ _0\"></span>y indication of impairment. If any such indication e<span class=\"_ _0\"></span>xists, then the as<span class=\"_ _0\"></span>set\u2019s r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount is estimat<span class=\"_ _0\"></span>ed. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. For other as<span class=\"_ _0\"></span>sets, an impairment loss is r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersed only to the ext<span class=\"_ _0\"></span>ent that the asset\u2019<span class=\"_ _0\"></span>s carrying amount does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed the carrying amount that w<span class=\"_ _4\"></span>ould have been det<span class=\"_ _0\"></span>ermined, net of depreciation or amortisa<span class=\"_ _0\"></span>tion, if no impairment loss had been r<span class=\"_ _0\"></span>ecognised. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries, also, include in their r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w of the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amounts as<span class=\"_ _0\"></span>sumptions r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the consequences of clima<span class=\"_ _0\"></span>te change. 5.<span class=\"_ _4\"></span>14 Leases<span class=\"_ _8\"></span> At inc<span class=\"_ _0\"></span>eption of a contr<span class=\"_ _4\"></span>act, the Group assesses whether a contr<span class=\"_ _4\"></span>act is, or contains, a lease. A contr<span class=\"_ _0\"></span>act is, or contains, a lease if the contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset f<span class=\"_ _0\"></span>or a period of time in ex<span class=\"_ _4\"></span>change for<span class=\"_ _8\"></span> consider<span class=\"_ _0\"></span>ation. T<span class=\"_ _1\"></span>o asses<span class=\"_ _0\"></span>s whether a contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset, the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> uses the definition of a lease in IFRS 16. Ac<span class=\"_ _0\"></span>counting f<span class=\"_ _0\"></span>or lease contr<span class=\"_ _0\"></span>acts as a lessee Cener<span class=\"_ _0\"></span>gy Holdings companies lease v<span class=\"_ _0\"></span>arious offices, w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses, machinery and cars. Rental contr<span class=\"_ _4\"></span>acts are typically made for fix<span class=\"_ _0\"></span>ed periods of 1 to 5 y<span class=\"_ _4\"></span>ears. Lease terms are negotia<span class=\"_ _0\"></span>ted on an individual basis and contain a wide r<span class=\"_ _4\"></span>ange of<span class=\"_ _8\"></span> differ<span class=\"_ _0\"></span>ent terms and c<span class=\"_ _0\"></span>onditions.  Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises a right-of-use asset and a lease liability a<span class=\"_ _0\"></span>t the lease commencement da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he right-of-use asset is initially measur<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t, which comprises the initial amount of the lease liability adjus<span class=\"_ _0\"></span>ted for an<span class=\"_ _0\"></span>y lease payments made at or bef<span class=\"_ _0\"></span>ore the c<span class=\"_ _0\"></span>ommencement da<span class=\"_ _0\"></span>te, plus an<span class=\"_ _0\"></span>y initial dir<span class=\"_ _0\"></span>ect costs incurr<span class=\"_ _4\"></span>ed and an estimate of costs t<span class=\"_ _0\"></span>o dismantle and r<span class=\"_ _0\"></span>emov<span class=\"_ _4\"></span>e the underlying asset or to res<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the underlying asset or the sit<span class=\"_ _0\"></span>e on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>ed.  Subsequently they ar<span class=\"_ _4\"></span>e measured at cost les<span class=\"_ _0\"></span>s any ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses, and adjus<span class=\"_ _0\"></span>ted for certain r<span class=\"_ _4\"></span>emeasurements of the lease liability<span class=\"_ _1\"></span>. The right-of-use asset is depreciat<span class=\"_ _0\"></span>ed using the str<span class=\"_ _0\"></span>aight-line method from the c<span class=\"_ _0\"></span>ommencement dat<span class=\"_ _0\"></span>e to the end of the lease t<span class=\"_ _0\"></span>erm, unless the lease tr<span class=\"_ _0\"></span>ansfers o<span class=\"_ _0\"></span>wnership of the underlying asset to the Gr<span class=\"_ _4\"></span>oup by the end of the lease term or the cos<span class=\"_ _0\"></span>t of the right-of-use asset r<span class=\"_ _0\"></span>eflects that the Gr<span class=\"_ _0\"></span>oup will ex<span class=\"_ _4\"></span>ercise a purchase option. In tha<span class=\"_ _0\"></span>t case the right-of-use asset will be depr<span class=\"_ _0\"></span>eciated o<span class=\"_ _4\"></span>ver the useful life of the underlying asset, which is determined on the same basis as those of pr<span class=\"_ _4\"></span>operty and equipment.<span class=\"_ _8\"></span>  The lease liability is initially measur<span class=\"_ _4\"></span>ed at the present value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing lease payments: \u2022 <span class=\"_ _23\"> </span>fix<span class=\"_ _4\"></span>ed payments (including in-substance fix<span class=\"_ _4\"></span>ed payments), less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>able ; \u2022 <span class=\"_ _23\"> </span>v<span class=\"_ _4\"></span>ariable lease payment that are based on an inde<span class=\"_ _4\"></span>x or a rate ; \u2022 <span class=\"_ _23\"> </span>amounts e<span class=\"_ _4\"></span>xpected to be pay<span class=\"_ _4\"></span>able by the lessee under residual v<span class=\"_ _4\"></span>alue guarantees ; \u2022 <span class=\"_ _23\"> </span>the e<span class=\"_ _4\"></span>xer<span class=\"_ _0\"></span>cise price of a pur<span class=\"_ _0\"></span>chase option if the lessee is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise tha<span class=\"_ _0\"></span>t option; and  \u2022 <span class=\"_ _23\"> </span>pa<span class=\"_ _0\"></span>yments of penalties for t<span class=\"_ _0\"></span>erminating the lease, if the lease t<span class=\"_ _0\"></span>erm r<span class=\"_ _0\"></span>eflects the lessee e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cising that option.  These pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e discounted using the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate implicit in the lease or<span class=\"_ _1\"></span>, if that rat<span class=\"_ _0\"></span>e cannot be readily determined, the incr<span class=\"_ _0\"></span>emental borr<span class=\"_ _0\"></span>owing r<span class=\"_ _4\"></span>ate of the component enter<span class=\"_ _0\"></span>ed into the lease agr<span class=\"_ _4\"></span>eement. Generally<span class=\"_ _4\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings uses its incremental borr<span class=\"_ _4\"></span>owing rat<span class=\"_ _0\"></span>e as the discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.  This is the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that the lessee, i.<span class=\"_ _0\"></span>e. each subsidiary of C<span class=\"_ _0\"></span>energy Holdings, w<span class=\"_ _4\"></span>ould have t<span class=\"_ _0\"></span>o pay on the c<span class=\"_ _0\"></span>ommencement date of the lease f<span class=\"_ _0\"></span>or a loan of a similar term, and with similar security<span class=\"_ _1\"></span>, to obtain an asset of similar v<span class=\"_ _0\"></span>alue to the right-of-use asset in similar economic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment. The lease liability is subsequently incr<span class=\"_ _4\"></span>eased by the inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t on the lease liability and decr<span class=\"_ _0\"></span>eased by lease payment made. It is r<span class=\"_ _4\"></span>emeasured if there is a modification tha<span class=\"_ _0\"></span>t is not acc<span class=\"_ _0\"></span>ounted for as a separ<span class=\"_ _4\"></span>ate lease; when there is a change in future lease pa<span class=\"_ _0\"></span>yments arising fr<span class=\"_ _0\"></span>om a change in an inde<span class=\"_ _0\"></span>x or rat<span class=\"_ _0\"></span>e; a change in the estimat<span class=\"_ _0\"></span>e of the amount expect<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able under a residual v<span class=\"_ _4\"></span>alue guarantee; and changes in the asses<span class=\"_ _0\"></span>sment of whether a purchase or ext<span class=\"_ _0\"></span>ension option is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o be ex<span class=\"_ _4\"></span>ercised or a termination option is r<span class=\"_ _0\"></span>easonably c<span class=\"_ _0\"></span>ertain not to be ex<span class=\"_ _4\"></span>ercised. Cener<span class=\"_ _0\"></span>gy Holdings elected not t<span class=\"_ _0\"></span>o separat<span class=\"_ _0\"></span>e non-lease components fr<span class=\"_ _4\"></span>om lease components.<span class=\"_ _8\"></span>  Lease liabilities and right-of-use assets ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely in the statement of financial position.  Cener<span class=\"_ _0\"></span>gy Holdings has elected t<span class=\"_ _0\"></span>o present int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est paid r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o lease liabilities in the Consolidat<span class=\"_ _0\"></span>ed Statement of Cash Flow<span class=\"_ _0\"></span>s, within the line \u201cInter<span class=\"_ _0\"></span>est char<span class=\"_ _4\"></span>ges &amp; related e<span class=\"_ _0\"></span>xpenses paid\u201d in oper<span class=\"_ _0\"></span>ating activities. Short-term leases and leases of lo<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>value as<span class=\"_ _0\"></span>sets Payments as<span class=\"_ _0\"></span>sociated with short-t<span class=\"_ _0\"></span>erm leases and leases of lo<span class=\"_ _0\"></span>w-v<span class=\"_ _4\"></span>alue assets are r<span class=\"_ _0\"></span>ecognised on a str<span class=\"_ _4\"></span>aight-line basis<span class=\"_ _8\"></span> as an expense in pr<span class=\"_ _4\"></span>ofit or loss. Short-term leases are leases with a lease t<span class=\"_ _0\"></span>erm of 12 months or less. Lo<span class=\"_ _4\"></span>w-value assets comprise IT<span class=\"_ _1\"></span>-equipment, small items of office furnitur<span class=\"_ _0\"></span>e and other equipment. Cenery Holdings companies lease adminis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion offices and w<span class=\"_ _0\"></span>arehouses b<span class=\"_ _4\"></span>y the ultimate parent c<span class=\"_ _0\"></span>ompany V<span class=\"_ _0\"></span>iohalco S.A. and other relat<span class=\"_ _0\"></span>ed companies. All c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for administr<span class=\"_ _4\"></span>ation offices and war<span class=\"_ _0\"></span>ehouses do not include any early termination penalty clauses and the<span class=\"_ _4\"></span>y are cancellable at any time<span class=\"_ _0\"></span>. For this r<span class=\"_ _4\"></span>eason, all intercompan<span class=\"_ _0\"></span>y contr<span class=\"_ _4\"></span>acts for<span class=\"_ _8\"></span> administr<span class=\"_ _0\"></span>ation offices and w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as short term and Cener<span class=\"_ _4\"></span>gy Holdings recognises the lease payments associa<span class=\"_ _0\"></span>ted with these leases as an e<span class=\"_ _0\"></span>xpense on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er the lease term. Rental income Rental income is r<span class=\"_ _4\"></span>ecognised as other income on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>ver the t<span class=\"_ _0\"></span>erm of the lease. L<span class=\"_ _0\"></span>ease incentiv<span class=\"_ _0\"></span>es grant<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as an integr<span class=\"_ _0\"></span>al part of the total r<span class=\"_ _4\"></span>ental income, ov<span class=\"_ _4\"></span>er the term of the lease. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-53-6": {
   "value": "(c<span class=\"_ _0\"></span>) Defined benefit plans Cener<span class=\"_ _0\"></span>gy Holdings\u2019 net obligation in r<span class=\"_ _0\"></span>espect of defined benefit plans is calculated separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely for each plan b<span class=\"_ _0\"></span>y estimating the amount of futur<span class=\"_ _0\"></span>e benefit that emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees hav<span class=\"_ _4\"></span>e earned in the current and prior periods, discounting that amount and deducting the fair v<span class=\"_ _0\"></span>alue of any plan as<span class=\"_ _0\"></span>sets. The disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate is based on high-quality c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate bonds that are denomina<span class=\"_ _0\"></span>ted in the curr<span class=\"_ _0\"></span>ency in which the benefits will be paid. The calculation of defined benefit obligations is perf<span class=\"_ _0\"></span>ormed annually b<span class=\"_ _0\"></span>y a qualified actuary using the project<span class=\"_ _0\"></span>ed unit credit method, while benefits ar<span class=\"_ _4\"></span>e attributed ov<span class=\"_ _4\"></span>er the last 16 years befor<span class=\"_ _4\"></span>e retirement of each emplo<span class=\"_ _4\"></span>yee. Remeasur<span class=\"_ _0\"></span>ements of the net defined benefit liability<span class=\"_ _1\"></span>, which comprise actuarial gains and losses, are r<span class=\"_ _4\"></span>ecognised<span class=\"_ _8\"></span> immediately in OCI. Cener<span class=\"_ _4\"></span>gy Holdings determines the net interes<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xpense on the net defined benefit liability for the period by applying the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o measure the defined benefit obliga<span class=\"_ _0\"></span>tion at the beginning of the annual period to the then-net defined benefit liability<span class=\"_ _1\"></span>, taking into acc<span class=\"_ _0\"></span>ount any changes in the net defined benefit liability during the period as a result of c<span class=\"_ _0\"></span>ontributions and benefit payments. Net int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and other e<span class=\"_ _0\"></span>xpenses relat<span class=\"_ _0\"></span>ed to defined benefit plans ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss.  When the benefits of a plan are changed or when a plan is curtailed, the r<span class=\"_ _4\"></span>esulting change in benefit that relates to past servic<span class=\"_ _0\"></span>e or the gain or loss on curtailment is r<span class=\"_ _0\"></span>ecognised immediat<span class=\"_ _0\"></span>ely in pr<span class=\"_ _0\"></span>ofit or loss. Cener<span class=\"_ _4\"></span>gy Holdings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognises gains and losses on the settlement of a defined benefit plan when the settlement oc<span class=\"_ _0\"></span>curs. 5.<span class=\"_ _4\"></span>15 Financial instruments<span class=\"_ _8\"></span> A. Recognition and initial measur<span class=\"_ _0\"></span>ement T<span class=\"_ _1\"></span>rade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables are initially r<span class=\"_ _4\"></span>ecognised when they ar<span class=\"_ _0\"></span>e originated. All other financial as<span class=\"_ _0\"></span>sets and financial liabilities are initially r<span class=\"_ _4\"></span>ecognised when Cenergy Holdings bec<span class=\"_ _0\"></span>omes a party to the c<span class=\"_ _0\"></span>ontractual pr<span class=\"_ _4\"></span>ovisions of the instrument. A financial asset (unless it is a tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able without a significant financing component tha<span class=\"_ _0\"></span>t is initially measured at the transaction pric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>) is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue plus, for an it<span class=\"_ _0\"></span>em not at FVTPL, tr<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts that are dir<span class=\"_ _4\"></span>ectly attributable to its acquisition. A trade r<span class=\"_ _4\"></span>eceivable without a significant financing component is initially measured at the tr<span class=\"_ _4\"></span>ansaction price. B. Classification and subsequent measurement Financial assets On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span> Financial assets ar<span class=\"_ _0\"></span>e not reclas<span class=\"_ _0\"></span>sified subsequent to their initial r<span class=\"_ _0\"></span>ecognition, unles<span class=\"_ _0\"></span>s Cener<span class=\"_ _0\"></span>gy Holdings changes its business model for managing financial as<span class=\"_ _0\"></span>sets, in which case all affected financial as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified on the first day of the first r<span class=\"_ _4\"></span>eporting period following the change in the business model. A financial asset is measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t if it meets both of the follo<span class=\"_ _0\"></span>wing conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is to hold assets t<span class=\"_ _0\"></span>o collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. A debt inv<span class=\"_ _4\"></span>estment is measured at FV<span class=\"_ _4\"></span>OCI if it meets both of the following conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _4\"></span>ed by both collecting c<span class=\"_ _0\"></span>ontractual cash flo<span class=\"_ _4\"></span>ws and<span class=\"_ _8\"></span> selling financial assets; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. On initial rec<span class=\"_ _0\"></span>ognition of an equity in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment that is not held for tr<span class=\"_ _4\"></span>ading, Cenergy Holdings may irr<span class=\"_ _4\"></span>evocably elect to pr<span class=\"_ _0\"></span>esent subsequent changes in the inv<span class=\"_ _4\"></span>estment\u2019s fair v<span class=\"_ _0\"></span>alue in OCI. T<span class=\"_ _0\"></span>his election is made on an inv<span class=\"_ _4\"></span>estment-by-inv<span class=\"_ _4\"></span>estment basis.<span class=\"_ _8\"></span> All financial assets (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es held for hedging purposes<span class=\"_ _0\"></span>) not classified as measur<span class=\"_ _0\"></span>ed at amortised c<span class=\"_ _0\"></span>ost or FV<span class=\"_ _0\"></span>OCI as described abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e are measur<span class=\"_ _4\"></span>ed at FVTPL. On initial recognition, Cener<span class=\"_ _4\"></span>gy Holdings may irre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ocably designate a financial asset tha<span class=\"_ _0\"></span>t otherwise meets the requir<span class=\"_ _4\"></span>ements to be measured at amortised c<span class=\"_ _0\"></span>ost or at FV<span class=\"_ _4\"></span>OCI as<span class=\"_ _8\"></span> at FVTPL if doing so eliminates or significantly r<span class=\"_ _4\"></span>educes an accounting mismat<span class=\"_ _0\"></span>ch that w<span class=\"_ _0\"></span>ould otherwise arise. Financial assets \u2013 Business model as<span class=\"_ _0\"></span>sessment:  Cener<span class=\"_ _0\"></span>gy Holdings makes an as<span class=\"_ _0\"></span>sessment of the objectiv<span class=\"_ _0\"></span>e of the business model in which a financial as<span class=\"_ _0\"></span>set is held at a portfolio le<span class=\"_ _4\"></span>vel because this best r<span class=\"_ _0\"></span>eflects the wa<span class=\"_ _0\"></span>y the business is managed and inf<span class=\"_ _0\"></span>ormation is pro<span class=\"_ _4\"></span>vided to management. T<span class=\"_ _1\"></span>ransfers of financial assets t<span class=\"_ _0\"></span>o thir<span class=\"_ _0\"></span>d parties in transactions tha<span class=\"_ _0\"></span>t do not qualify for der<span class=\"_ _0\"></span>ecognition ar<span class=\"_ _0\"></span>e not consider<span class=\"_ _0\"></span>ed sales for this purpose, c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with the Group\u2019<span class=\"_ _4\"></span>s continuing rec<span class=\"_ _0\"></span>ognition of the assets. Financial assets \u2013 Ass<span class=\"_ _0\"></span>essment whether contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws are s<span class=\"_ _0\"></span>olely pa<span class=\"_ _0\"></span>yments of principal and interes<span class=\"_ _0\"></span>t:  For the purposes of this asses<span class=\"_ _0\"></span>sment, \u201cprincipal\u201d is defined as the fair v<span class=\"_ _0\"></span>alue of the financial asset on initial r<span class=\"_ _4\"></span>ecognition.<span class=\"_ _8\"></span> \u201cInter<span class=\"_ _0\"></span>est\u201d is defined as consider<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the time value of mone<span class=\"_ _4\"></span>y and for the credit risk associat<span class=\"_ _0\"></span>ed with the principal amount outstanding during a particular period of time and for other basic lending risks and c<span class=\"_ _0\"></span>osts (<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span>g. liquidity risk and administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e costs<span class=\"_ _4\"></span>), as well as a profit mar<span class=\"_ _0\"></span>gin. In asses<span class=\"_ _0\"></span>sing whether the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e solely payments of principal and inter<span class=\"_ _0\"></span>est, Cener<span class=\"_ _4\"></span>gy Holdings considers the contractual t<span class=\"_ _0\"></span>erms of the instrument. T<span class=\"_ _0\"></span>his includes assessing whether the financial asset contains a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual term that c<span class=\"_ _0\"></span>ould change the timing or amount of contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s such that it w<span class=\"_ _0\"></span>ould not meet this condition. In making this asses<span class=\"_ _0\"></span>sment, Cener<span class=\"_ _0\"></span>gy Holdings considers: \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontingent e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents that w<span class=\"_ _0\"></span>ould change the amount or timing of cash flow<span class=\"_ _0\"></span>s; \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that ma<span class=\"_ _0\"></span>y adjust the contr<span class=\"_ _4\"></span>actual coupon rat<span class=\"_ _0\"></span>e, including v<span class=\"_ _0\"></span>ariable-ra<span class=\"_ _0\"></span>te fea<span class=\"_ _0\"></span>tures; \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>epayment and ext<span class=\"_ _0\"></span>ension featur<span class=\"_ _0\"></span>es; and \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that limit the claim to cash flo<span class=\"_ _4\"></span>ws from specified assets (<span class=\"_ _4\"></span>e.g. non-rec<span class=\"_ _0\"></span>ourse featur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>). Financial assets \u2013 Subsequen<span class=\"_ _0\"></span>t measurement and gains and losses:   Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s.  Financial assets at amortised cos<span class=\"_ _0\"></span>t  <span class=\"_ _12\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method. The amortised cos<span class=\"_ _0\"></span>t is reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y impairment losses. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome, for<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change gains and losses and impairment are rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. Any gain or loss on derec<span class=\"_ _0\"></span>ognition is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss.  Debt inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _6f\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _4\"></span>ed at fair value. Inter<span class=\"_ _4\"></span>est income calculated using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method, for<span class=\"_ _4\"></span>eign exchange gains and losses and impairment are r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Other net gains and los<span class=\"_ _0\"></span>ses are r<span class=\"_ _0\"></span>ecognised in OCI. On derec<span class=\"_ _0\"></span>ognition, gains and losses accumulat<span class=\"_ _0\"></span>ed in OCI ar<span class=\"_ _0\"></span>e reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.  Equity inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _4a\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _4\"></span>e subsequently measured at fair v<span class=\"_ _0\"></span>alue. Dividends ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as income in pr<span class=\"_ _0\"></span>ofit or loss unless the dividend clearly r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents a rec<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>ery of part of the cost of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment. Other net gains and losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in OCI and ar<span class=\"_ _0\"></span>e nev<span class=\"_ _0\"></span>er reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. C. Derecognition Financial assets Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial asset when  \u2022 <span class=\"_ _23\"> </span>the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual rights to the cash flo<span class=\"_ _0\"></span>ws fr<span class=\"_ _4\"></span>om the financial asset expir<span class=\"_ _0\"></span>e; or  \u2022 <span class=\"_ _23\"> </span>it tr<span class=\"_ _4\"></span>ansfers the rights to rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws in a tr<span class=\"_ _0\"></span>ansaction:  - <span class=\"_ _55\"> </span>in which substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership of the financial asset ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed; or  - <span class=\"_ _55\"> </span>in which Cener<span class=\"_ _0\"></span>gy Holdings neither tr<span class=\"_ _0\"></span>ansfers nor r<span class=\"_ _0\"></span>etains substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership and it does not retain c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the financial asset. Cener<span class=\"_ _0\"></span>gy Holdings enters int<span class=\"_ _0\"></span>o transactions wher<span class=\"_ _4\"></span>eby it transf<span class=\"_ _0\"></span>ers assets r<span class=\"_ _0\"></span>ecognised in its sta<span class=\"_ _0\"></span>tement of financial position, but retains either all or subs<span class=\"_ _0\"></span>tantially all of the risks and re<span class=\"_ _4\"></span>wards of the tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed assets. In these cases, the transf<span class=\"_ _0\"></span>erred as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e not derec<span class=\"_ _0\"></span>ognised. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. 5.20 Fair v<span class=\"_ _4\"></span>alue measurement<span class=\"_ _8\"></span> \u201cF<span class=\"_ _0\"></span>air value\u201d is the pric<span class=\"_ _0\"></span>e that w<span class=\"_ _0\"></span>ould be r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed to sell an as<span class=\"_ _0\"></span>set or paid to tr<span class=\"_ _0\"></span>ansfer a liabilit<span class=\"_ _0\"></span>y in an orderly tr<span class=\"_ _4\"></span>ansaction<span class=\"_ _8\"></span> between mark<span class=\"_ _4\"></span>et participants at the measurement date in the principal or<span class=\"_ _1\"></span>, in its absence, the most adv<span class=\"_ _0\"></span>antageous market t<span class=\"_ _0\"></span>o which Cener<span class=\"_ _0\"></span>gy Holdings has acc<span class=\"_ _0\"></span>ess at that da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he fair v<span class=\"_ _4\"></span>alue of a liability reflects its non-performanc<span class=\"_ _0\"></span>e risk. A number of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 acc<span class=\"_ _0\"></span>ounting policies and disclosures r<span class=\"_ _4\"></span>equire the measurement of f<span class=\"_ _0\"></span>air values, f<span class=\"_ _0\"></span>or both financial and non-financial assets and liabilities. When one is av<span class=\"_ _0\"></span>ailable, C<span class=\"_ _0\"></span>energy Holdings measur<span class=\"_ _4\"></span>es the fair value of an instrument using the quot<span class=\"_ _0\"></span>ed price in an active mark<span class=\"_ _4\"></span>et for that instrument. A market is r<span class=\"_ _4\"></span>egarded as \u201cactiv<span class=\"_ _0\"></span>e\u201d if transactions f<span class=\"_ _0\"></span>or the asset or liability tak<span class=\"_ _4\"></span>e place<span class=\"_ _8\"></span> with sufficient frequency and v<span class=\"_ _4\"></span>olume to pro<span class=\"_ _4\"></span>vide pricing information on an ongoing basis.<span class=\"_ _8\"></span> If there is no quot<span class=\"_ _0\"></span>ed price in an activ<span class=\"_ _4\"></span>e market, then Cener<span class=\"_ _0\"></span>gy Holdings uses valuation t<span class=\"_ _0\"></span>echniques that maximise the use of rele<span class=\"_ _4\"></span>vant observable inputs and minimise the use of unobserv<span class=\"_ _0\"></span>able inputs. T<span class=\"_ _0\"></span>he chosen valuation t<span class=\"_ _0\"></span>echnique incorpor<span class=\"_ _0\"></span>ates all of the f<span class=\"_ _0\"></span>actors that mark<span class=\"_ _4\"></span>et participants would take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount in pricing a transaction. If an asset or a liability measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _4\"></span>alue has a bid price and an ask price, then Cener<span class=\"_ _0\"></span>gy Holdings measur<span class=\"_ _0\"></span>es assets and long positions at a bid price and liabilities and short positions a<span class=\"_ _0\"></span>t an ask price. The best e<span class=\"_ _4\"></span>vidence of the fair value of a financial ins<span class=\"_ _0\"></span>trument on initial r<span class=\"_ _0\"></span>ecognition is normally the tr<span class=\"_ _0\"></span>ansaction price \u2013 i.e. the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of the consider<span class=\"_ _0\"></span>ation giv<span class=\"_ _0\"></span>en or r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed. If Cenergy Holdings determines that the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition differs fr<span class=\"_ _0\"></span>om the tr<span class=\"_ _0\"></span>ansaction price and the f<span class=\"_ _0\"></span>air value is e<span class=\"_ _4\"></span>videnced neither by a quoted pric<span class=\"_ _0\"></span>e in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or an identical asset or liability nor based on a v<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echnique for which any unobserv<span class=\"_ _4\"></span>able inputs<span class=\"_ _8\"></span> are judged t<span class=\"_ _0\"></span>o be insignificant in r<span class=\"_ _0\"></span>elation to the measur<span class=\"_ _0\"></span>ement, then the financial instrument is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue, adjust<span class=\"_ _0\"></span>ed to def<span class=\"_ _0\"></span>er the differ<span class=\"_ _0\"></span>ence bet<span class=\"_ _0\"></span>ween the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition and the tr<span class=\"_ _0\"></span>ansaction price. Subsequently<span class=\"_ _4\"></span>, that differ<span class=\"_ _0\"></span>ence is r<span class=\"_ _4\"></span>ecognised in profit or loss on an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e basis o<span class=\"_ _0\"></span>ver the lif<span class=\"_ _0\"></span>e of the instrument but no later than when the v<span class=\"_ _0\"></span>aluation is wholly support<span class=\"_ _0\"></span>ed by observ<span class=\"_ _4\"></span>able market data or the transaction is closed out. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-55-6": {
   "value": "(d) T<span class=\"_ _1\"></span>ermination benefits T<span class=\"_ _1\"></span>ermination benefits ar<span class=\"_ _0\"></span>e expensed a<span class=\"_ _0\"></span>t the earlier of when Cener<span class=\"_ _0\"></span>gy Holdings can no longer withdra<span class=\"_ _4\"></span>w the offer of<span class=\"_ _8\"></span> those benefits and when Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises cos<span class=\"_ _0\"></span>ts for a r<span class=\"_ _0\"></span>estructuring. If benefits ar<span class=\"_ _0\"></span>e not e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be settled wholly within 12 months of the reporting da<span class=\"_ _0\"></span>te, then the<span class=\"_ _4\"></span>y are discounted. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-56-3": {
   "value": "5.5 Gov<span class=\"_ _4\"></span>ernment Grants  Grants fr<span class=\"_ _4\"></span>om the government ar<span class=\"_ _4\"></span>e recognized a<span class=\"_ _0\"></span>t their fair v<span class=\"_ _0\"></span>alue wher<span class=\"_ _0\"></span>e there is a r<span class=\"_ _4\"></span>easonable assurance that the gr<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> will be rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed and Cener<span class=\"_ _0\"></span>gy Holdings will comply with all at<span class=\"_ _0\"></span>tached conditions. Gov<span class=\"_ _4\"></span>ernment grants rela<span class=\"_ _0\"></span>ting to c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _4\"></span>ofit or loss ov<span class=\"_ _0\"></span>er the period necessary t<span class=\"_ _0\"></span>o match them with the c<span class=\"_ _0\"></span>osts that the<span class=\"_ _4\"></span>y are intended to c<span class=\"_ _0\"></span>ompensate<span class=\"_ _0\"></span>. Gov<span class=\"_ _4\"></span>ernment grants rela<span class=\"_ _0\"></span>ting to the pur<span class=\"_ _0\"></span>chase of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment are included in non-current liabilities as deferr<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ernment grants and ar<span class=\"_ _4\"></span>e credited to the C<span class=\"_ _0\"></span>onsolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss (line \u201cOther income\u201d) on a str<span class=\"_ _4\"></span>aight line basis over the e<span class=\"_ _4\"></span>xpected useful lives of the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed assets. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-57-4": {
   "value": "5.6 Finance income and financ<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts Cener<span class=\"_ _0\"></span>gy Holdings\u2019 finance inc<span class=\"_ _0\"></span>ome and finance cos<span class=\"_ _0\"></span>ts mainly include: \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income; \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense; \u2022 <span class=\"_ _23\"> </span>dividend inc<span class=\"_ _0\"></span>ome; \u2022 <span class=\"_ _23\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y gains and losses fr<span class=\"_ _0\"></span>om loans and deposits. Dividend income is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss on the dat<span class=\"_ _0\"></span>e on which the right to r<span class=\"_ _4\"></span>eceive pa<span class=\"_ _0\"></span>yment is established. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-57-5": {
   "value": "5.6 Finance income and financ<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts Cener<span class=\"_ _0\"></span>gy Holdings\u2019 finance inc<span class=\"_ _0\"></span>ome and finance cos<span class=\"_ _0\"></span>ts mainly include: \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income; \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense; \u2022 <span class=\"_ _23\"> </span>dividend inc<span class=\"_ _0\"></span>ome; \u2022 <span class=\"_ _23\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y gains and losses fr<span class=\"_ _0\"></span>om loans and deposits. Dividend income is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss on the dat<span class=\"_ _0\"></span>e on which the right to r<span class=\"_ _4\"></span>eceive pa<span class=\"_ _0\"></span>yment is established. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-57-6": {
   "value": "5.6 Finance income and financ<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts Cener<span class=\"_ _0\"></span>gy Holdings\u2019 finance inc<span class=\"_ _0\"></span>ome and finance cos<span class=\"_ _0\"></span>ts mainly include: \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est income; \u2022 <span class=\"_ _23\"> </span>int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense; \u2022 <span class=\"_ _23\"> </span>dividend inc<span class=\"_ _0\"></span>ome; \u2022 <span class=\"_ _23\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y gains and losses fr<span class=\"_ _0\"></span>om loans and deposits. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-59-7": {
   "value": "Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome or expense is r<span class=\"_ _4\"></span>ecognised using the effective int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est method.  The \u201c<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate\u201d is the r<span class=\"_ _4\"></span>ate that ex<span class=\"_ _0\"></span>actly discounts es<span class=\"_ _0\"></span>timated futur<span class=\"_ _0\"></span>e cash pa<span class=\"_ _0\"></span>yments or rec<span class=\"_ _0\"></span>eipts thr<span class=\"_ _0\"></span>ough the expect<span class=\"_ _0\"></span>ed life of the financial ins<span class=\"_ _0\"></span>trument to: \u2022 <span class=\"_ _23\"> </span>the gr<span class=\"_ _4\"></span>oss carrying amount of the financial asset; or<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> In calculating inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpense, the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e is applied to the gr<span class=\"_ _0\"></span>oss carrying amount of the asset or to the amortised c<span class=\"_ _0\"></span>ost of the financial liability<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Borro<span class=\"_ _4\"></span>wing costs relat<span class=\"_ _0\"></span>ed to the c<span class=\"_ _0\"></span>onstruction of qualifying assets ar<span class=\"_ _4\"></span>e capitalised during the period required f<span class=\"_ _0\"></span>or the construction t<span class=\"_ _0\"></span>o be complet<span class=\"_ _0\"></span>ed. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-60-4": {
   "value": "5.7 Inc<span class=\"_ _0\"></span>ome tax Income tax e<span class=\"_ _0\"></span>xpense comprises curr<span class=\"_ _4\"></span>ent and deferred tax. It is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it relat<span class=\"_ _0\"></span>es to a busines<span class=\"_ _0\"></span>s combination, or it<span class=\"_ _0\"></span>ems r<span class=\"_ _0\"></span>ecognised dir<span class=\"_ _0\"></span>ectly in equity or in OCI. A. Current tax Current tax c<span class=\"_ _0\"></span>omprised the e<span class=\"_ _0\"></span>xpected tax pa<span class=\"_ _0\"></span>yable or r<span class=\"_ _4\"></span>eceivable on the taxable inc<span class=\"_ _0\"></span>ome or loss f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear and any adjustment to the tax pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able or rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able in respect of pr<span class=\"_ _4\"></span>evious years. It is measur<span class=\"_ _4\"></span>ed using tax rates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted at the r<span class=\"_ _4\"></span>eporting date. Current tax also includes an<span class=\"_ _0\"></span>y tax arising fr<span class=\"_ _0\"></span>om dividends. <span class=\"_ _4d\"> </span> Current tax as<span class=\"_ _0\"></span>sets and liabilities are offset only if c<span class=\"_ _0\"></span>ertain criteria ar<span class=\"_ _4\"></span>e met.<span class=\"_ _8\"></span> B. Deferred tax Deferr<span class=\"_ _0\"></span>ed tax is rec<span class=\"_ _0\"></span>ognised in r<span class=\"_ _0\"></span>espect of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences between the carrying amounts of assets and liabilities for financial r<span class=\"_ _0\"></span>eporting purposes and the amounts used for tax<span class=\"_ _0\"></span>ation purposes. Deferr<span class=\"_ _0\"></span>ed tax is not rec<span class=\"_ _0\"></span>ognised for: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences on the initial r<span class=\"_ _4\"></span>ecognition of assets or liabilities in a transaction that is not a busines<span class=\"_ _0\"></span>s combination and that aff<span class=\"_ _0\"></span>ects neither acc<span class=\"_ _0\"></span>ounting nor taxable pr<span class=\"_ _0\"></span>ofit or loss; \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences r<span class=\"_ _4\"></span>elated to inv<span class=\"_ _4\"></span>estments in subsidiaries, associates and joint arr<span class=\"_ _0\"></span>angements to the e<span class=\"_ _0\"></span>xtent that Cener<span class=\"_ _0\"></span>gy Holdings is able to c<span class=\"_ _0\"></span>ontrol the timing of the r<span class=\"_ _4\"></span>eversal of the t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences and it is pr<span class=\"_ _4\"></span>obable<span class=\"_ _8\"></span> that they will not r<span class=\"_ _4\"></span>everse in the f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable future; and \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>axable tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences arising on the initial r<span class=\"_ _0\"></span>ecognition of goodwill. Deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised for unused tax los<span class=\"_ _0\"></span>ses, unused tax cr<span class=\"_ _0\"></span>edits and deductible tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences to the e<span class=\"_ _0\"></span>xtent that is pr<span class=\"_ _4\"></span>obable that future taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>viewed at each r<span class=\"_ _4\"></span>eporting date and are r<span class=\"_ _0\"></span>educed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it is no longer pr<span class=\"_ _0\"></span>obable that the relat<span class=\"_ _0\"></span>ed tax benefit will be r<span class=\"_ _0\"></span>ealised; such reductions ar<span class=\"_ _4\"></span>e rev<span class=\"_ _4\"></span>ersed when the probability of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits impro<span class=\"_ _4\"></span>ves. Unrec<span class=\"_ _0\"></span>ognised deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eassessed a<span class=\"_ _0\"></span>t each reporting da<span class=\"_ _0\"></span>te and r<span class=\"_ _0\"></span>ecognised t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that is has become pr<span class=\"_ _0\"></span>obable that futur<span class=\"_ _0\"></span>e taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used.  Deferr<span class=\"_ _0\"></span>ed tax is measured a<span class=\"_ _0\"></span>t the tax ra<span class=\"_ _0\"></span>tes that ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be applied to t<span class=\"_ _0\"></span>emporary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences when the<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>verse, using tax r<span class=\"_ _0\"></span>ates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e. The measur<span class=\"_ _0\"></span>ements of deferr<span class=\"_ _4\"></span>ed tax reflects the tax consequences that w<span class=\"_ _4\"></span>ould follow fr<span class=\"_ _0\"></span>om the manner in which Cener<span class=\"_ _0\"></span>gy Holdings expects, a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er or settle the carrying amount of its assets and liabilities. Deferr<span class=\"_ _0\"></span>ed income tax assets and liabilities ar<span class=\"_ _4\"></span>e offset when there is a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o offset current tax assets against curr<span class=\"_ _0\"></span>ent tax liabilities and when the deferr<span class=\"_ _4\"></span>ed income taxes r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o the same fiscal authority<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-62-5": {
   "value": "B. Deferred tax Deferr<span class=\"_ _0\"></span>ed tax is rec<span class=\"_ _0\"></span>ognised in r<span class=\"_ _0\"></span>espect of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences between the carrying amounts of assets and liabilities for financial r<span class=\"_ _0\"></span>eporting purposes and the amounts used for tax<span class=\"_ _0\"></span>ation purposes. Deferr<span class=\"_ _0\"></span>ed tax is not rec<span class=\"_ _0\"></span>ognised for: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences on the initial r<span class=\"_ _4\"></span>ecognition of assets or liabilities in a transaction that is not a busines<span class=\"_ _0\"></span>s combination and that aff<span class=\"_ _0\"></span>ects neither acc<span class=\"_ _0\"></span>ounting nor taxable pr<span class=\"_ _0\"></span>ofit or loss; \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>emporary differ<span class=\"_ _0\"></span>ences r<span class=\"_ _4\"></span>elated to inv<span class=\"_ _4\"></span>estments in subsidiaries, associates and joint arr<span class=\"_ _0\"></span>angements to the e<span class=\"_ _0\"></span>xtent that Cener<span class=\"_ _0\"></span>gy Holdings is able to c<span class=\"_ _0\"></span>ontrol the timing of the r<span class=\"_ _4\"></span>eversal of the t<span class=\"_ _0\"></span>empor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences and it is pr<span class=\"_ _4\"></span>obable<span class=\"_ _8\"></span> that they will not r<span class=\"_ _4\"></span>everse in the f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eseeable future; and \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>axable tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences arising on the initial r<span class=\"_ _0\"></span>ecognition of goodwill. Deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised for unused tax los<span class=\"_ _0\"></span>ses, unused tax cr<span class=\"_ _0\"></span>edits and deductible tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences to the e<span class=\"_ _0\"></span>xtent that is pr<span class=\"_ _4\"></span>obable that future taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used. Def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>viewed at each r<span class=\"_ _4\"></span>eporting date and are r<span class=\"_ _0\"></span>educed t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that it is no longer pr<span class=\"_ _0\"></span>obable that the relat<span class=\"_ _0\"></span>ed tax benefit will be r<span class=\"_ _0\"></span>ealised; such reductions ar<span class=\"_ _4\"></span>e rev<span class=\"_ _4\"></span>ersed when the probability of future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits impro<span class=\"_ _4\"></span>ves. Unrec<span class=\"_ _0\"></span>ognised deferr<span class=\"_ _0\"></span>ed tax assets ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eassessed a<span class=\"_ _0\"></span>t each reporting da<span class=\"_ _0\"></span>te and r<span class=\"_ _0\"></span>ecognised t<span class=\"_ _0\"></span>o the e<span class=\"_ _0\"></span>xtent that is has become pr<span class=\"_ _0\"></span>obable that futur<span class=\"_ _0\"></span>e taxable pr<span class=\"_ _0\"></span>ofits will be a<span class=\"_ _0\"></span>vailable agains<span class=\"_ _0\"></span>t which they can be used.  Deferr<span class=\"_ _0\"></span>ed tax is measured a<span class=\"_ _0\"></span>t the tax ra<span class=\"_ _0\"></span>tes that ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be applied to t<span class=\"_ _0\"></span>emporary diff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ences when the<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>verse, using tax r<span class=\"_ _0\"></span>ates enact<span class=\"_ _0\"></span>ed or substantiv<span class=\"_ _0\"></span>ely enacted a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e. The measur<span class=\"_ _0\"></span>ements of deferr<span class=\"_ _4\"></span>ed tax reflects the tax consequences that w<span class=\"_ _4\"></span>ould follow fr<span class=\"_ _0\"></span>om the manner in which Cener<span class=\"_ _0\"></span>gy Holdings expects, a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te, t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er or settle the carrying amount of its assets and liabilities. Deferr<span class=\"_ _0\"></span>ed income tax assets and liabilities ar<span class=\"_ _4\"></span>e offset when there is a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o offset current tax assets against curr<span class=\"_ _0\"></span>ent tax liabilities and when the deferr<span class=\"_ _4\"></span>ed income taxes r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o the same fiscal authority<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-63-2": {
   "value": "5.8 Inv<span class=\"_ _4\"></span>entories<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>entories are stat<span class=\"_ _0\"></span>ed at the lo<span class=\"_ _0\"></span>wer of c<span class=\"_ _0\"></span>ost and net r<span class=\"_ _0\"></span>ealisable v<span class=\"_ _0\"></span>alue. T<span class=\"_ _0\"></span>he cost is det<span class=\"_ _0\"></span>ermined b<span class=\"_ _0\"></span>y applying the method of weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage cost and includes the pr<span class=\"_ _4\"></span>oduction and conv<span class=\"_ _0\"></span>ersion cost and all dir<span class=\"_ _4\"></span>ect expenses requir<span class=\"_ _4\"></span>ed to bring<span class=\"_ _8\"></span> inv<span class=\"_ _4\"></span>entories at their current condition. T<span class=\"_ _4\"></span>he net realisable value is estima<span class=\"_ _0\"></span>ted based on the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory\u2019<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent sales price, in the or<span class=\"_ _4\"></span>dinary course of business activities, less any possible selling e<span class=\"_ _4\"></span>xpenses, whenev<span class=\"_ _0\"></span>er such a case occurs. The writ<span class=\"_ _0\"></span>e-down of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories t<span class=\"_ _0\"></span>o net r<span class=\"_ _0\"></span>ealisable value and an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersals are rec<span class=\"_ _0\"></span>ognized in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d in the period in which the write-do<span class=\"_ _0\"></span>wns occur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 14. Inv<span class=\"_ _4\"></span>entories  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finished goods and merchandise <span class=\"_ _1aa\"> </span>94,72<span class=\"_ _0\"></span>7 <span class=\"_ _b5\"> </span>78,227  Semi-finished goods <span class=\"_ _16f\"> </span>73,83<span class=\"_ _0\"></span>5 <span class=\"_ _b1\"> </span>53,366  Raw and auxiliary mat<span class=\"_ _0\"></span>erials  <span class=\"_ _1ab\"> </span>317<span class=\"_ _4\"></span>,832 <span class=\"_ _124\"> </span>137<span class=\"_ _1\"></span>,875  Consumables <span class=\"_ _17a\"> </span>4,239 <span class=\"_ _e8\"> </span>2,823  Packaging mat<span class=\"_ _0\"></span>erials <span class=\"_ _ed\"> </span>5,<span class=\"_ _0\"></span>732 <span class=\"_ _c7\"> </span>2,622  Spare parts <span class=\"_ _a9\"> </span>11,17<span class=\"_ _0\"></span>9 <span class=\"_ _ce\"> </span>9,112  T<span class=\"_ _1\"></span>otal <span class=\"_ _1ac\"> </span>507<span class=\"_ _1\"></span>,545 <span class=\"_ _1ad\"> </span>284,025 On 31 December 2022, In<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories ar<span class=\"_ _4\"></span>e increased by EUR 223.5 million c<span class=\"_ _0\"></span>ompared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. This incr<span class=\"_ _0\"></span>ease is mainly attributed t<span class=\"_ _0\"></span>o the incr<span class=\"_ _0\"></span>eased ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials needs for the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ecution of st<span class=\"_ _0\"></span>eel pipes projects, along with the increase in in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories v<span class=\"_ _4\"></span>olumes of cables segment attributed to the incr<span class=\"_ _0\"></span>eased activity and the higher r<span class=\"_ _0\"></span>aw ma<span class=\"_ _0\"></span>terials prices noticed thr<span class=\"_ _4\"></span>oughout 2022 compared t<span class=\"_ _0\"></span>o 2021 (indicativ<span class=\"_ _4\"></span>ely the aver<span class=\"_ _0\"></span>age Copper LME pric<span class=\"_ _0\"></span>e incr<span class=\"_ _0\"></span>eased during 2022 b<span class=\"_ _0\"></span>y +5.7%, fr<span class=\"_ _0\"></span>om 7<span class=\"_ _1\"></span>,881 EUR/ton t<span class=\"_ _0\"></span>o 8,334 EUR/t<span class=\"_ _0\"></span>on, and the corr<span class=\"_ _0\"></span>esponding a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erage Aluminium LME pric<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ent up during 2022 b<span class=\"_ _0\"></span>y +21.8%, from 2,<span class=\"_ _4\"></span>101 EUR/t<span class=\"_ _0\"></span>on to 2,559 EUR/<span class=\"_ _0\"></span>ton.  In 2022, the amount of inv<span class=\"_ _4\"></span>entories rec<span class=\"_ _0\"></span>ognised as expense during the period and included in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d w<span class=\"_ _0\"></span>as EUR 967<span class=\"_ _1\"></span>.7 million (2021: EUR 7<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>7 million).  Inv<span class=\"_ _4\"></span>entories hav<span class=\"_ _0\"></span>e been reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y EUR 438 thousand in 2022 because of the write-do<span class=\"_ _4\"></span>wn to net realizable v<span class=\"_ _0\"></span>alue (2021: EUR 333 thousand).  Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no inv<span class=\"_ _4\"></span>entories pledged as security for borr<span class=\"_ _0\"></span>owings r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-63-5": {
   "value": "5.8 Inv<span class=\"_ _4\"></span>entories<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>entories are stat<span class=\"_ _0\"></span>ed at the lo<span class=\"_ _0\"></span>wer of c<span class=\"_ _0\"></span>ost and net r<span class=\"_ _0\"></span>ealisable v<span class=\"_ _0\"></span>alue. T<span class=\"_ _0\"></span>he cost is det<span class=\"_ _0\"></span>ermined b<span class=\"_ _0\"></span>y applying the method of weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage cost and includes the pr<span class=\"_ _4\"></span>oduction and conv<span class=\"_ _0\"></span>ersion cost and all dir<span class=\"_ _4\"></span>ect expenses requir<span class=\"_ _4\"></span>ed to bring<span class=\"_ _8\"></span> inv<span class=\"_ _4\"></span>entories at their current condition. T<span class=\"_ _4\"></span>he net realisable value is estima<span class=\"_ _0\"></span>ted based on the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory\u2019<span class=\"_ _0\"></span>s curr<span class=\"_ _0\"></span>ent sales price, in the or<span class=\"_ _4\"></span>dinary course of business activities, less any possible selling e<span class=\"_ _4\"></span>xpenses, whenev<span class=\"_ _0\"></span>er such a case occurs. The writ<span class=\"_ _0\"></span>e-down of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entories t<span class=\"_ _0\"></span>o net r<span class=\"_ _0\"></span>ealisable value and an<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersals are rec<span class=\"_ _0\"></span>ognized in \u201cC<span class=\"_ _0\"></span>ost of sales\u201d in the period in which the write-do<span class=\"_ _0\"></span>wns occur<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-64-3": {
   "value": "5.9 Property<span class=\"_ _1\"></span>, plant and equipment<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Property<span class=\"_ _1\"></span>, plant and equipment are pr<span class=\"_ _0\"></span>esented a<span class=\"_ _0\"></span>t their acquisition cos<span class=\"_ _0\"></span>t less accumula<span class=\"_ _0\"></span>ted depr<span class=\"_ _0\"></span>eciation and impairment. The acquisition c<span class=\"_ _0\"></span>ost includes all e<span class=\"_ _4\"></span>xpenses that are directly as<span class=\"_ _0\"></span>sociated with the as<span class=\"_ _0\"></span>set\u2019s acquisition or self-construction. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of self-construct<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed assets includes the c<span class=\"_ _0\"></span>ost of dir<span class=\"_ _0\"></span>ect labour<span class=\"_ _4\"></span>, materials and an<span class=\"_ _0\"></span>y other cost that is r<span class=\"_ _4\"></span>equired for the fix<span class=\"_ _0\"></span>ed asset t<span class=\"_ _0\"></span>o be ready f<span class=\"_ _0\"></span>or use as w<span class=\"_ _0\"></span>ell as any borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wing costs.  Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only if it is probable that the future ec<span class=\"_ _0\"></span>onomic benefits associat<span class=\"_ _0\"></span>ed with the expenditur<span class=\"_ _4\"></span>e will flow to Cener<span class=\"_ _0\"></span>gy Holdings. Repair and maint<span class=\"_ _0\"></span>enance c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss when these are incurr<span class=\"_ _0\"></span>ed.On the sale of property<span class=\"_ _1\"></span>, plant and equipment, any differ<span class=\"_ _4\"></span>ence that may arise betw<span class=\"_ _0\"></span>een the price that is r<span class=\"_ _4\"></span>eceived and the carrying value ther<span class=\"_ _4\"></span>eof is recor<span class=\"_ _0\"></span>ded through pr<span class=\"_ _4\"></span>ofit or loss in the category \u201cOther income (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xpenses)\u201d. Borro<span class=\"_ _4\"></span>wing costs relat<span class=\"_ _0\"></span>ed to the c<span class=\"_ _0\"></span>onstruction of qualifying assets ar<span class=\"_ _4\"></span>e capitalised during the period required f<span class=\"_ _0\"></span>or the construction t<span class=\"_ _0\"></span>o be complet<span class=\"_ _0\"></span>ed. B. Depreciation Depreciation is calcula<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o write off the cos<span class=\"_ _0\"></span>t of items of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment less their estimated residual v<span class=\"_ _4\"></span>alues using the straight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, and is generally rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Land is not depr<span class=\"_ _0\"></span>eciated.  Administr<span class=\"_ _4\"></span>ative buildings <span class=\"_ _65\"> </span>20-50 years  Plants <span class=\"_ _66\"> </span>33-50 years  Heavy machinery <span class=\"_ _67\"> </span>12-40 y<span class=\"_ _0\"></span>ears  Light machinery <span class=\"_ _68\"> </span>8-<span class=\"_ _0\"></span>18 years  Furniture <span class=\"_ _69\"> </span>4-<span class=\"_ _0\"></span>10 years  Other equipment <span class=\"_ _6a\"> </span>4-<span class=\"_ _0\"></span>12 years  T<span class=\"_ _4\"></span>ransport means <span class=\"_ _6b\"> </span>4-<span class=\"_ _0\"></span>10 years Depreciation methods, useful liv<span class=\"_ _4\"></span>es and residual values ar<span class=\"_ _4\"></span>e revie<span class=\"_ _4\"></span>wed at each reporting dat<span class=\"_ _0\"></span>e and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. C. Reclassification t<span class=\"_ _0\"></span>o inv<span class=\"_ _4\"></span>estment property When the use of a property changes fr<span class=\"_ _4\"></span>om owner-occupied to in<span class=\"_ _4\"></span>vestment pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, the property is r<span class=\"_ _0\"></span>eclassified accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  The it<span class=\"_ _0\"></span>em is reclas<span class=\"_ _0\"></span>sified at its net book v<span class=\"_ _0\"></span>alue at the date of r<span class=\"_ _4\"></span>eclassification which becomes its deemed cost f<span class=\"_ _0\"></span>or subsequent accounting purposes. D<span class=\"_ _0\"></span>. Reclassifica<span class=\"_ _0\"></span>tion to assets held f<span class=\"_ _0\"></span>or sale Non-current as<span class=\"_ _0\"></span>sets and disposal group of as<span class=\"_ _0\"></span>sets are r<span class=\"_ _4\"></span>eclassified as held for sale if their carrying amount will be rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ered principally thr<span class=\"_ _4\"></span>ough a sale transaction rather than c<span class=\"_ _0\"></span>ontinuing use.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-67-4": {
   "value": "The acquisition c<span class=\"_ _0\"></span>ost includes all e<span class=\"_ _4\"></span>xpenses that are directly as<span class=\"_ _0\"></span>sociated with the as<span class=\"_ _0\"></span>set\u2019s acquisition or self-construction. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of self-construct<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed assets includes the c<span class=\"_ _0\"></span>ost of dir<span class=\"_ _0\"></span>ect labour<span class=\"_ _4\"></span>, materials and an<span class=\"_ _0\"></span>y other cost that is r<span class=\"_ _4\"></span>equired for the fix<span class=\"_ _0\"></span>ed asset t<span class=\"_ _0\"></span>o be ready f<span class=\"_ _0\"></span>or use as w<span class=\"_ _0\"></span>ell as any borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wing costs.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForConstructionInProgressExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-71-4": {
   "value": "Repair and maint<span class=\"_ _0\"></span>enance c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss when these are incurr<span class=\"_ _0\"></span>ed.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-75-7": {
   "value": "B. Depreciation Depreciation is calcula<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o write off the cos<span class=\"_ _0\"></span>t of items of pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment less their estimated residual v<span class=\"_ _4\"></span>alues using the straight-line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, and is generally rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss. Land is not depr<span class=\"_ _0\"></span>eciated.  Administr<span class=\"_ _4\"></span>ative buildings <span class=\"_ _65\"> </span>20-50 years  Plants <span class=\"_ _66\"> </span>33-50 years  Heavy machinery <span class=\"_ _67\"> </span>12-40 y<span class=\"_ _0\"></span>ears  Light machinery <span class=\"_ _68\"> </span>8-<span class=\"_ _0\"></span>18 years  Furniture <span class=\"_ _69\"> </span>4-<span class=\"_ _0\"></span>10 years  Other equipment <span class=\"_ _6a\"> </span>4-<span class=\"_ _0\"></span>12 years  T<span class=\"_ _4\"></span>ransport means <span class=\"_ _6b\"> </span>4-<span class=\"_ _0\"></span>10 years Depreciation methods, useful liv<span class=\"_ _4\"></span>es and residual values ar<span class=\"_ _4\"></span>e revie<span class=\"_ _4\"></span>wed at each reporting dat<span class=\"_ _0\"></span>e and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. Subsequently they ar<span class=\"_ _4\"></span>e measured at cost les<span class=\"_ _0\"></span>s any ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses, and adjus<span class=\"_ _0\"></span>ted for certain r<span class=\"_ _4\"></span>emeasurements of the lease liability<span class=\"_ _1\"></span>. The right-of-use asset is depreciat<span class=\"_ _0\"></span>ed using the str<span class=\"_ _0\"></span>aight-line method from the c<span class=\"_ _0\"></span>ommencement dat<span class=\"_ _0\"></span>e to the end of the lease t<span class=\"_ _0\"></span>erm, unless the lease tr<span class=\"_ _0\"></span>ansfers o<span class=\"_ _0\"></span>wnership of the underlying asset to the Gr<span class=\"_ _4\"></span>oup by the end of the lease term or the cos<span class=\"_ _0\"></span>t of the right-of-use asset r<span class=\"_ _0\"></span>eflects that the Gr<span class=\"_ _0\"></span>oup will ex<span class=\"_ _4\"></span>ercise a purchase option. In tha<span class=\"_ _0\"></span>t case the right-of-use asset will be depr<span class=\"_ _0\"></span>eciated o<span class=\"_ _4\"></span>ver the useful life of the underlying asset, which is determined on the same basis as those of pr<span class=\"_ _4\"></span>operty and equipment.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-77-4": {
   "value": "D<span class=\"_ _0\"></span>. Reclassifica<span class=\"_ _0\"></span>tion to assets held f<span class=\"_ _0\"></span>or sale Non-current as<span class=\"_ _0\"></span>sets and disposal group of as<span class=\"_ _0\"></span>sets are r<span class=\"_ _4\"></span>eclassified as held for sale if their carrying amount will be rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ered principally thr<span class=\"_ _4\"></span>ough a sale transaction rather than c<span class=\"_ _0\"></span>ontinuing use.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-77-5": {
   "value": "D<span class=\"_ _0\"></span>. Reclassifica<span class=\"_ _0\"></span>tion to assets held f<span class=\"_ _0\"></span>or sale Non-current as<span class=\"_ _0\"></span>sets and disposal group of as<span class=\"_ _0\"></span>sets are r<span class=\"_ _4\"></span>eclassified as held for sale if their carrying amount will be rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ered principally thr<span class=\"_ _4\"></span>ough a sale transaction rather than c<span class=\"_ _0\"></span>ontinuing use.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-78-4": {
   "value": "5.<span class=\"_ _4\"></span>10 Intangible assets<span class=\"_ _8\"></span> A. Recognition and measur<span class=\"_ _0\"></span>ement Research and De<span class=\"_ _0\"></span>velopment<span class=\"ff19\">: Expenditur<span class=\"_ _4\"></span>e on research activities is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _4\"></span>ofit and loss as incurred. </span>Dev<span class=\"_ _4\"></span>elopment expenditure is capitalised only if the e<span class=\"_ _4\"></span>xpenditure can be measured r<span class=\"_ _0\"></span>eliably<span class=\"_ _1\"></span>, the product or pr<span class=\"_ _0\"></span>ocess is technically and commer<span class=\"_ _4\"></span>cial feasible, future ec<span class=\"_ _0\"></span>onomic benefits are pr<span class=\"_ _4\"></span>obable and Cenergy Holdings intends t<span class=\"_ _0\"></span>o and hav<span class=\"_ _4\"></span>e sufficient resourc<span class=\"_ _0\"></span>es to c<span class=\"_ _0\"></span>omplete de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment and to use or sell the asset. Otherwise<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, de<span class=\"_ _4\"></span>velopment expenditur<span class=\"_ _4\"></span>e is measured at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. Softw<span class=\"_ _0\"></span>are programs<span class=\"ff19\">: Soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e licenses ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded at their acquisition c<span class=\"_ _0\"></span>ost less ac<span class=\"_ _0\"></span>cumulated amortisa<span class=\"_ _0\"></span>tion. These </span>assets ar<span class=\"_ _0\"></span>e amortised on the str<span class=\"_ _0\"></span>aight line method o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er their estimated useful liv<span class=\"_ _4\"></span>es, which ranges betw<span class=\"_ _0\"></span>een 3 to 10 years. Expenses tha<span class=\"_ _0\"></span>t are as<span class=\"_ _0\"></span>sociated with the soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e\u2019<span class=\"_ _0\"></span>s maintenanc<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss in the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e incurred.  Other intangible assets<span class=\"ff19\">: Other intangible as<span class=\"_ _0\"></span>sets, including customer r<span class=\"_ _4\"></span>elationships, \u201cknow-ho<span class=\"_ _0\"></span>w\u201d, patents and </span>trademarks, which ar<span class=\"_ _4\"></span>e acquired by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings and hav<span class=\"_ _4\"></span>e finite useful lives ar<span class=\"_ _0\"></span>e measur<span class=\"_ _0\"></span>ed at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. These as<span class=\"_ _0\"></span>sets are amortised on the s<span class=\"_ _0\"></span>traight line method ov<span class=\"_ _4\"></span>er their estimated useful liv<span class=\"_ _0\"></span>es. Other intangible assets ha<span class=\"_ _0\"></span>ving indefinite useful liv<span class=\"_ _4\"></span>es are measured at c<span class=\"_ _0\"></span>ost less accumulat<span class=\"_ _0\"></span>ed impairment losses. B. Subsequent expenditur<span class=\"_ _0\"></span>e Subsequent expenditur<span class=\"_ _4\"></span>e is capitalised only when it increases the future ec<span class=\"_ _0\"></span>onomic benefits embodied in the specific asset to which it r<span class=\"_ _4\"></span>elates. All other expenditur<span class=\"_ _0\"></span>e, including e<span class=\"_ _0\"></span>xpenditur<span class=\"_ _0\"></span>e on internally gener<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed goodwill and brands, is rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. C. Amortisation and useful liv<span class=\"_ _0\"></span>es Amortisation is calculated t<span class=\"_ _0\"></span>o write off the c<span class=\"_ _0\"></span>ost of intangible assets les<span class=\"_ _0\"></span>s their estimat<span class=\"_ _0\"></span>ed residual v<span class=\"_ _4\"></span>alues using<span class=\"_ _8\"></span> the str<span class=\"_ _0\"></span>aight-line method o<span class=\"_ _0\"></span>ver their es<span class=\"_ _0\"></span>timated useful liv<span class=\"_ _4\"></span>es, and is recognised in pr<span class=\"_ _0\"></span>ofit or loss. Goodwill and other intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised. The estima<span class=\"_ _0\"></span>ted useful liv<span class=\"_ _0\"></span>es for the curr<span class=\"_ _4\"></span>ent and comparativ<span class=\"_ _0\"></span>e periods ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  T<span class=\"_ _4\"></span>rademarks and lic<span class=\"_ _0\"></span>enses <span class=\"_ _6c\"> </span>10 \u2013 15 years  Softwar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ograms <span class=\"_ _6d\"> </span>3 \u2013 10 years Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es are not amortised and are subject t<span class=\"_ _0\"></span>o an annual impairment tes<span class=\"_ _0\"></span>t.  Amortisation methods, useful liv<span class=\"_ _0\"></span>es and residual v<span class=\"_ _4\"></span>alues are re<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed at each reporting da<span class=\"_ _0\"></span>te and adjust<span class=\"_ _0\"></span>ed if appropriat<span class=\"_ _0\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-79-5": {
   "value": "Research and De<span class=\"_ _0\"></span>velopment<span class=\"ff19\">: Expenditur<span class=\"_ _4\"></span>e on research activities is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _4\"></span>ofit and loss as incurred. </span>Dev<span class=\"_ _4\"></span>elopment expenditure is capitalised only if the e<span class=\"_ _4\"></span>xpenditure can be measured r<span class=\"_ _0\"></span>eliably<span class=\"_ _1\"></span>, the product or pr<span class=\"_ _0\"></span>ocess is technically and commer<span class=\"_ _4\"></span>cial feasible, future ec<span class=\"_ _0\"></span>onomic benefits are pr<span class=\"_ _4\"></span>obable and Cenergy Holdings intends t<span class=\"_ _0\"></span>o and hav<span class=\"_ _4\"></span>e sufficient resourc<span class=\"_ _0\"></span>es to c<span class=\"_ _0\"></span>omplete de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment and to use or sell the asset. Otherwise<span class=\"_ _0\"></span>, it is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, de<span class=\"_ _4\"></span>velopment expenditur<span class=\"_ _4\"></span>e is measured at cost les<span class=\"_ _0\"></span>s accumulat<span class=\"_ _0\"></span>ed amortisation and any ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>ses. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-83-4": {
   "value": "5.<span class=\"_ _4\"></span>11 Investment pr<span class=\"_ _0\"></span>operty Inv<span class=\"_ _4\"></span>estment property<span class=\"_ _1\"></span>, which includes land, is owned by C<span class=\"_ _0\"></span>energy Holdings either f<span class=\"_ _0\"></span>or the collection of r<span class=\"_ _4\"></span>ents or for<span class=\"_ _8\"></span> capital appreciation and is not used f<span class=\"_ _0\"></span>or o<span class=\"_ _0\"></span>wner-purposes. Inv<span class=\"_ _4\"></span>estment property is pr<span class=\"_ _0\"></span>esented at c<span class=\"_ _0\"></span>ost less depr<span class=\"_ _4\"></span>eciation.<span class=\"_ _8\"></span> When the carrying amounts of inv<span class=\"_ _4\"></span>estment property e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed their r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able value<span class=\"_ _0\"></span>, the differ<span class=\"_ _0\"></span>ence (impairment) is directly r<span class=\"_ _4\"></span>ecorded in pr<span class=\"_ _0\"></span>ofit and loss as e<span class=\"_ _0\"></span>xpense. T<span class=\"_ _0\"></span>he re<span class=\"_ _4\"></span>versal of pre<span class=\"_ _4\"></span>viously recognised impairment losses is also rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit and loss as income<span class=\"_ _0\"></span>. The land is not depr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ed. The buildings ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eciated b<span class=\"_ _4\"></span>y applying the<span class=\"_ _8\"></span> str<span class=\"_ _0\"></span>aight line method.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-84-3": {
   "value": "5.<span class=\"_ _4\"></span>12 Cash and cash equivalents For the purpose of pr<span class=\"_ _0\"></span>esentation in the sta<span class=\"_ _0\"></span>tement of cash flo<span class=\"_ _0\"></span>ws, cash and cash equiv<span class=\"_ _4\"></span>alents includes cash on hand<span class=\"_ _8\"></span> and deposits held at call with financial institutions. Short term deposits ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e duration of les<span class=\"_ _0\"></span>s than 90 day<span class=\"_ _0\"></span>s and ar<span class=\"_ _0\"></span>e av<span class=\"_ _4\"></span>ailable for use. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-4": {
   "value": "5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. B.<span class=\"_\"> </span>Non-financial assetsAt each r<span class=\"_ _4\"></span>eporting date, Cener<span class=\"_ _0\"></span>gy Holdings and its companies r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>view the carrying amounts of its non-financial as<span class=\"_ _0\"></span>sets (other than in<span class=\"_ _4\"></span>ventories and deferr<span class=\"_ _4\"></span>ed tax assets) to det<span class=\"_ _0\"></span>ermine whether there is an<span class=\"_ _0\"></span>y indication of impairment. If any such indication e<span class=\"_ _0\"></span>xists, then the as<span class=\"_ _0\"></span>set\u2019s r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount is estimat<span class=\"_ _0\"></span>ed. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. For other as<span class=\"_ _0\"></span>sets, an impairment loss is r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersed only to the ext<span class=\"_ _0\"></span>ent that the asset\u2019<span class=\"_ _0\"></span>s carrying amount does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed the carrying amount that w<span class=\"_ _4\"></span>ould have been det<span class=\"_ _0\"></span>ermined, net of depreciation or amortisa<span class=\"_ _0\"></span>tion, if no impairment loss had been r<span class=\"_ _0\"></span>ecognised. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries, also, include in their r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w of the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amounts as<span class=\"_ _0\"></span>sumptions r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the consequences of clima<span class=\"_ _0\"></span>te change. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-5": {
   "value": "5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. B. Classification and subsequent measurement Financial assets On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span> Financial assets ar<span class=\"_ _0\"></span>e not reclas<span class=\"_ _0\"></span>sified subsequent to their initial r<span class=\"_ _0\"></span>ecognition, unles<span class=\"_ _0\"></span>s Cener<span class=\"_ _0\"></span>gy Holdings changes its business model for managing financial as<span class=\"_ _0\"></span>sets, in which case all affected financial as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified on the first day of the first r<span class=\"_ _4\"></span>eporting period following the change in the business model. A financial asset is measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t if it meets both of the follo<span class=\"_ _0\"></span>wing conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is to hold assets t<span class=\"_ _0\"></span>o collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. A debt inv<span class=\"_ _4\"></span>estment is measured at FV<span class=\"_ _4\"></span>OCI if it meets both of the following conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _4\"></span>ed by both collecting c<span class=\"_ _0\"></span>ontractual cash flo<span class=\"_ _4\"></span>ws and<span class=\"_ _8\"></span> selling financial assets; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. On initial rec<span class=\"_ _0\"></span>ognition of an equity in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment that is not held for tr<span class=\"_ _4\"></span>ading, Cenergy Holdings may irr<span class=\"_ _4\"></span>evocably elect to pr<span class=\"_ _0\"></span>esent subsequent changes in the inv<span class=\"_ _4\"></span>estment\u2019s fair v<span class=\"_ _0\"></span>alue in OCI. T<span class=\"_ _0\"></span>his election is made on an inv<span class=\"_ _4\"></span>estment-by-inv<span class=\"_ _4\"></span>estment basis.<span class=\"_ _8\"></span> All financial assets (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es held for hedging purposes<span class=\"_ _0\"></span>) not classified as measur<span class=\"_ _0\"></span>ed at amortised c<span class=\"_ _0\"></span>ost or FV<span class=\"_ _0\"></span>OCI as described abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e are measur<span class=\"_ _4\"></span>ed at FVTPL. On initial recognition, Cener<span class=\"_ _4\"></span>gy Holdings may irre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ocably designate a financial asset tha<span class=\"_ _0\"></span>t otherwise meets the requir<span class=\"_ _4\"></span>ements to be measured at amortised c<span class=\"_ _0\"></span>ost or at FV<span class=\"_ _4\"></span>OCI as<span class=\"_ _8\"></span> at FVTPL if doing so eliminates or significantly r<span class=\"_ _4\"></span>educes an accounting mismat<span class=\"_ _0\"></span>ch that w<span class=\"_ _0\"></span>ould otherwise arise. Financial assets \u2013 Business model as<span class=\"_ _0\"></span>sessment:  Cener<span class=\"_ _0\"></span>gy Holdings makes an as<span class=\"_ _0\"></span>sessment of the objectiv<span class=\"_ _0\"></span>e of the business model in which a financial as<span class=\"_ _0\"></span>set is held at a portfolio le<span class=\"_ _4\"></span>vel because this best r<span class=\"_ _0\"></span>eflects the wa<span class=\"_ _0\"></span>y the business is managed and inf<span class=\"_ _0\"></span>ormation is pro<span class=\"_ _4\"></span>vided to management. T<span class=\"_ _1\"></span>ransfers of financial assets t<span class=\"_ _0\"></span>o thir<span class=\"_ _0\"></span>d parties in transactions tha<span class=\"_ _0\"></span>t do not qualify for der<span class=\"_ _0\"></span>ecognition ar<span class=\"_ _0\"></span>e not consider<span class=\"_ _0\"></span>ed sales for this purpose, c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with the Group\u2019<span class=\"_ _4\"></span>s continuing rec<span class=\"_ _0\"></span>ognition of the assets. Financial assets \u2013 Ass<span class=\"_ _0\"></span>essment whether contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws are s<span class=\"_ _0\"></span>olely pa<span class=\"_ _0\"></span>yments of principal and interes<span class=\"_ _0\"></span>t:  For the purposes of this asses<span class=\"_ _0\"></span>sment, \u201cprincipal\u201d is defined as the fair v<span class=\"_ _0\"></span>alue of the financial asset on initial r<span class=\"_ _4\"></span>ecognition.<span class=\"_ _8\"></span> \u201cInter<span class=\"_ _0\"></span>est\u201d is defined as consider<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the time value of mone<span class=\"_ _4\"></span>y and for the credit risk associat<span class=\"_ _0\"></span>ed with the principal amount outstanding during a particular period of time and for other basic lending risks and c<span class=\"_ _0\"></span>osts (<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span>g. liquidity risk and administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e costs<span class=\"_ _4\"></span>), as well as a profit mar<span class=\"_ _0\"></span>gin. In asses<span class=\"_ _0\"></span>sing whether the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e solely payments of principal and inter<span class=\"_ _0\"></span>est, Cener<span class=\"_ _4\"></span>gy Holdings considers the contractual t<span class=\"_ _0\"></span>erms of the instrument. T<span class=\"_ _0\"></span>his includes assessing whether the financial asset contains a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual term that c<span class=\"_ _0\"></span>ould change the timing or amount of contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s such that it w<span class=\"_ _0\"></span>ould not meet this condition. In making this asses<span class=\"_ _0\"></span>sment, Cener<span class=\"_ _0\"></span>gy Holdings considers: \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontingent e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents that w<span class=\"_ _0\"></span>ould change the amount or timing of cash flow<span class=\"_ _0\"></span>s; \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that ma<span class=\"_ _0\"></span>y adjust the contr<span class=\"_ _4\"></span>actual coupon rat<span class=\"_ _0\"></span>e, including v<span class=\"_ _0\"></span>ariable-ra<span class=\"_ _0\"></span>te fea<span class=\"_ _0\"></span>tures; \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>epayment and ext<span class=\"_ _0\"></span>ension featur<span class=\"_ _0\"></span>es; and \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that limit the claim to cash flo<span class=\"_ _4\"></span>ws from specified assets (<span class=\"_ _4\"></span>e.g. non-rec<span class=\"_ _0\"></span>ourse featur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>). Financial assets \u2013 Subsequen<span class=\"_ _0\"></span>t measurement and gains and losses:   Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s.  Financial assets at amortised cos<span class=\"_ _0\"></span>t  <span class=\"_ _12\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method. The amortised cos<span class=\"_ _0\"></span>t is reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y impairment losses. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome, for<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change gains and losses and impairment are rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. Any gain or loss on derec<span class=\"_ _0\"></span>ognition is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss.  Debt inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _6f\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _4\"></span>ed at fair value. Inter<span class=\"_ _4\"></span>est income calculated using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method, for<span class=\"_ _4\"></span>eign exchange gains and losses and impairment are r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Other net gains and los<span class=\"_ _0\"></span>ses are r<span class=\"_ _0\"></span>ecognised in OCI. On derec<span class=\"_ _0\"></span>ognition, gains and losses accumulat<span class=\"_ _0\"></span>ed in OCI ar<span class=\"_ _0\"></span>e reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.  Equity inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _4a\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _4\"></span>e subsequently measured at fair v<span class=\"_ _0\"></span>alue. Dividends ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as income in pr<span class=\"_ _0\"></span>ofit or loss unless the dividend clearly r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents a rec<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>ery of part of the cost of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment. Other net gains and losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in OCI and ar<span class=\"_ _0\"></span>e nev<span class=\"_ _0\"></span>er reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-6": {
   "value": "5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. A. Recognition and initial measur<span class=\"_ _0\"></span>ement T<span class=\"_ _1\"></span>rade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables are initially r<span class=\"_ _4\"></span>ecognised when they ar<span class=\"_ _0\"></span>e originated. All other financial as<span class=\"_ _0\"></span>sets and financial liabilities are initially r<span class=\"_ _4\"></span>ecognised when Cenergy Holdings bec<span class=\"_ _0\"></span>omes a party to the c<span class=\"_ _0\"></span>ontractual pr<span class=\"_ _4\"></span>ovisions of the instrument. A financial asset (unless it is a tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able without a significant financing component tha<span class=\"_ _0\"></span>t is initially measured at the transaction pric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>) is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue plus, for an it<span class=\"_ _0\"></span>em not at FVTPL, tr<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts that are dir<span class=\"_ _4\"></span>ectly attributable to its acquisition. A trade r<span class=\"_ _4\"></span>eceivable without a significant financing component is initially measured at the tr<span class=\"_ _4\"></span>ansaction price. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-7": {
   "value": "5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. 5.<span class=\"_ _4\"></span>15 Financial instruments<span class=\"_ _8\"></span> A. Recognition and initial measur<span class=\"_ _0\"></span>ement T<span class=\"_ _1\"></span>rade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables are initially r<span class=\"_ _4\"></span>ecognised when they ar<span class=\"_ _0\"></span>e originated. All other financial as<span class=\"_ _0\"></span>sets and financial liabilities are initially r<span class=\"_ _4\"></span>ecognised when Cenergy Holdings bec<span class=\"_ _0\"></span>omes a party to the c<span class=\"_ _0\"></span>ontractual pr<span class=\"_ _4\"></span>ovisions of the instrument. A financial asset (unless it is a tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able without a significant financing component tha<span class=\"_ _0\"></span>t is initially measured at the transaction pric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>) is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue plus, for an it<span class=\"_ _0\"></span>em not at FVTPL, tr<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts that are dir<span class=\"_ _4\"></span>ectly attributable to its acquisition. A trade r<span class=\"_ _4\"></span>eceivable without a significant financing component is initially measured at the tr<span class=\"_ _4\"></span>ansaction price. B. Classification and subsequent measurement Financial assets On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span> Financial assets ar<span class=\"_ _0\"></span>e not reclas<span class=\"_ _0\"></span>sified subsequent to their initial r<span class=\"_ _0\"></span>ecognition, unles<span class=\"_ _0\"></span>s Cener<span class=\"_ _0\"></span>gy Holdings changes its business model for managing financial as<span class=\"_ _0\"></span>sets, in which case all affected financial as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified on the first day of the first r<span class=\"_ _4\"></span>eporting period following the change in the business model. A financial asset is measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t if it meets both of the follo<span class=\"_ _0\"></span>wing conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is to hold assets t<span class=\"_ _0\"></span>o collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. A debt inv<span class=\"_ _4\"></span>estment is measured at FV<span class=\"_ _4\"></span>OCI if it meets both of the following conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _4\"></span>ed by both collecting c<span class=\"_ _0\"></span>ontractual cash flo<span class=\"_ _4\"></span>ws and<span class=\"_ _8\"></span> selling financial assets; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. On initial rec<span class=\"_ _0\"></span>ognition of an equity in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment that is not held for tr<span class=\"_ _4\"></span>ading, Cenergy Holdings may irr<span class=\"_ _4\"></span>evocably elect to pr<span class=\"_ _0\"></span>esent subsequent changes in the inv<span class=\"_ _4\"></span>estment\u2019s fair v<span class=\"_ _0\"></span>alue in OCI. T<span class=\"_ _0\"></span>his election is made on an inv<span class=\"_ _4\"></span>estment-by-inv<span class=\"_ _4\"></span>estment basis.<span class=\"_ _8\"></span> All financial assets (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es held for hedging purposes<span class=\"_ _0\"></span>) not classified as measur<span class=\"_ _0\"></span>ed at amortised c<span class=\"_ _0\"></span>ost or FV<span class=\"_ _0\"></span>OCI as described abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e are measur<span class=\"_ _4\"></span>ed at FVTPL. On initial recognition, Cener<span class=\"_ _4\"></span>gy Holdings may irre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ocably designate a financial asset tha<span class=\"_ _0\"></span>t otherwise meets the requir<span class=\"_ _4\"></span>ements to be measured at amortised c<span class=\"_ _0\"></span>ost or at FV<span class=\"_ _4\"></span>OCI as<span class=\"_ _8\"></span> at FVTPL if doing so eliminates or significantly r<span class=\"_ _4\"></span>educes an accounting mismat<span class=\"_ _0\"></span>ch that w<span class=\"_ _0\"></span>ould otherwise arise. Financial assets \u2013 Business model as<span class=\"_ _0\"></span>sessment:  Cener<span class=\"_ _0\"></span>gy Holdings makes an as<span class=\"_ _0\"></span>sessment of the objectiv<span class=\"_ _0\"></span>e of the business model in which a financial as<span class=\"_ _0\"></span>set is held at a portfolio le<span class=\"_ _4\"></span>vel because this best r<span class=\"_ _0\"></span>eflects the wa<span class=\"_ _0\"></span>y the business is managed and inf<span class=\"_ _0\"></span>ormation is pro<span class=\"_ _4\"></span>vided to management. T<span class=\"_ _1\"></span>ransfers of financial assets t<span class=\"_ _0\"></span>o thir<span class=\"_ _0\"></span>d parties in transactions tha<span class=\"_ _0\"></span>t do not qualify for der<span class=\"_ _0\"></span>ecognition ar<span class=\"_ _0\"></span>e not consider<span class=\"_ _0\"></span>ed sales for this purpose, c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with the Group\u2019<span class=\"_ _4\"></span>s continuing rec<span class=\"_ _0\"></span>ognition of the assets. Financial assets \u2013 Ass<span class=\"_ _0\"></span>essment whether contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws are s<span class=\"_ _0\"></span>olely pa<span class=\"_ _0\"></span>yments of principal and interes<span class=\"_ _0\"></span>t:  For the purposes of this asses<span class=\"_ _0\"></span>sment, \u201cprincipal\u201d is defined as the fair v<span class=\"_ _0\"></span>alue of the financial asset on initial r<span class=\"_ _4\"></span>ecognition.<span class=\"_ _8\"></span> \u201cInter<span class=\"_ _0\"></span>est\u201d is defined as consider<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the time value of mone<span class=\"_ _4\"></span>y and for the credit risk associat<span class=\"_ _0\"></span>ed with the principal amount outstanding during a particular period of time and for other basic lending risks and c<span class=\"_ _0\"></span>osts (<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span>g. liquidity risk and administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e costs<span class=\"_ _4\"></span>), as well as a profit mar<span class=\"_ _0\"></span>gin. In asses<span class=\"_ _0\"></span>sing whether the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e solely payments of principal and inter<span class=\"_ _0\"></span>est, Cener<span class=\"_ _4\"></span>gy Holdings considers the contractual t<span class=\"_ _0\"></span>erms of the instrument. T<span class=\"_ _0\"></span>his includes assessing whether the financial asset contains a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual term that c<span class=\"_ _0\"></span>ould change the timing or amount of contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s such that it w<span class=\"_ _0\"></span>ould not meet this condition. In making this asses<span class=\"_ _0\"></span>sment, Cener<span class=\"_ _0\"></span>gy Holdings considers: \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontingent e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents that w<span class=\"_ _0\"></span>ould change the amount or timing of cash flow<span class=\"_ _0\"></span>s; \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that ma<span class=\"_ _0\"></span>y adjust the contr<span class=\"_ _4\"></span>actual coupon rat<span class=\"_ _0\"></span>e, including v<span class=\"_ _0\"></span>ariable-ra<span class=\"_ _0\"></span>te fea<span class=\"_ _0\"></span>tures; \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>epayment and ext<span class=\"_ _0\"></span>ension featur<span class=\"_ _0\"></span>es; and \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that limit the claim to cash flo<span class=\"_ _4\"></span>ws from specified assets (<span class=\"_ _4\"></span>e.g. non-rec<span class=\"_ _0\"></span>ourse featur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>). Financial assets \u2013 Subsequen<span class=\"_ _0\"></span>t measurement and gains and losses:   Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s.  Financial assets at amortised cos<span class=\"_ _0\"></span>t  <span class=\"_ _12\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method. The amortised cos<span class=\"_ _0\"></span>t is reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y impairment losses. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome, for<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change gains and losses and impairment are rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. Any gain or loss on derec<span class=\"_ _0\"></span>ognition is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss.  Debt inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _6f\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _4\"></span>ed at fair value. Inter<span class=\"_ _4\"></span>est income calculated using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method, for<span class=\"_ _4\"></span>eign exchange gains and losses and impairment are r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Other net gains and los<span class=\"_ _0\"></span>ses are r<span class=\"_ _0\"></span>ecognised in OCI. On derec<span class=\"_ _0\"></span>ognition, gains and losses accumulat<span class=\"_ _0\"></span>ed in OCI ar<span class=\"_ _0\"></span>e reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.  Equity inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _4a\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _4\"></span>e subsequently measured at fair v<span class=\"_ _0\"></span>alue. Dividends ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as income in pr<span class=\"_ _0\"></span>ofit or loss unless the dividend clearly r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents a rec<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>ery of part of the cost of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment. Other net gains and losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in OCI and ar<span class=\"_ _0\"></span>e nev<span class=\"_ _0\"></span>er reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. C. Derecognition Financial assets Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial asset when  \u2022 <span class=\"_ _23\"> </span>the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual rights to the cash flo<span class=\"_ _0\"></span>ws fr<span class=\"_ _4\"></span>om the financial asset expir<span class=\"_ _0\"></span>e; or  \u2022 <span class=\"_ _23\"> </span>it tr<span class=\"_ _4\"></span>ansfers the rights to rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws in a tr<span class=\"_ _0\"></span>ansaction:  - <span class=\"_ _55\"> </span>in which substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership of the financial asset ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed; or  - <span class=\"_ _55\"> </span>in which Cener<span class=\"_ _0\"></span>gy Holdings neither tr<span class=\"_ _0\"></span>ansfers nor r<span class=\"_ _0\"></span>etains substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership and it does not retain c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the financial asset. Cener<span class=\"_ _0\"></span>gy Holdings enters int<span class=\"_ _0\"></span>o transactions wher<span class=\"_ _4\"></span>eby it transf<span class=\"_ _0\"></span>ers assets r<span class=\"_ _0\"></span>ecognised in its sta<span class=\"_ _0\"></span>tement of financial position, but retains either all or subs<span class=\"_ _0\"></span>tantially all of the risks and re<span class=\"_ _4\"></span>wards of the tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed assets. In these cases, the transf<span class=\"_ _0\"></span>erred as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e not derec<span class=\"_ _0\"></span>ognised. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-85-8": {
   "value": "5.<span class=\"_ _4\"></span>13 Impairment<span class=\"_ _8\"></span> A. Non-derivativ<span class=\"_ _4\"></span>e financial assets<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for e<span class=\"_ _4\"></span>xpected credit losses (E<span class=\"_ _0\"></span>CLs) on: \u2022 <span class=\"_ _23\"> </span>financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost; and \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act assets. Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets ar<span class=\"_ _0\"></span>e alw<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s measur<span class=\"_ _0\"></span>ed at an amount equal to lif<span class=\"_ _0\"></span>etime ECLs. Lifetime ECLs ar<span class=\"_ _4\"></span>e the ECLs that result fr<span class=\"_ _0\"></span>om all possible def<span class=\"_ _0\"></span>ault ev<span class=\"_ _4\"></span>ents ov<span class=\"_ _0\"></span>er the e<span class=\"_ _0\"></span>xpected life of tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets. Cener<span class=\"_ _0\"></span>gy Holdings considers a financial asset t<span class=\"_ _0\"></span>o be in default when the borr<span class=\"_ _4\"></span>ower is unlik<span class=\"_ _0\"></span>ely to pa<span class=\"_ _0\"></span>y its cr<span class=\"_ _0\"></span>edit obligations in full, without rec<span class=\"_ _0\"></span>ourse b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o actions such as realising securit<span class=\"_ _0\"></span>y (if any is held). The maximum period c<span class=\"_ _0\"></span>onsidered when es<span class=\"_ _0\"></span>timating ECLs is the maximum c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual period ov<span class=\"_ _4\"></span>er which the Cenergy Holdings companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit risk. Measurement of ECLs ECLs ar<span class=\"_ _0\"></span>e a pr<span class=\"_ _0\"></span>obability-<span class=\"_ _0\"></span>weight<span class=\"_ _0\"></span>ed estimat<span class=\"_ _0\"></span>e of credit los<span class=\"_ _0\"></span>ses. Cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e measured as the pr<span class=\"_ _4\"></span>esent value of all cash shortfalls (i.<span class=\"_ _0\"></span>e. the diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the cash flow<span class=\"_ _0\"></span>s due to the entit<span class=\"_ _0\"></span>y in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the contr<span class=\"_ _0\"></span>act and the cash flow<span class=\"_ _0\"></span>s that the Gr<span class=\"_ _0\"></span>oup e<span class=\"_ _0\"></span>xpects to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e). ECLs ar<span class=\"_ _0\"></span>e discount<span class=\"_ _0\"></span>ed at the effectiv<span class=\"_ _4\"></span>e interest r<span class=\"_ _4\"></span>ate of the financial asset. Presentation of allo<span class=\"_ _4\"></span>wance for ECL in the s<span class=\"_ _0\"></span>tatement o<span class=\"_ _0\"></span>f financial position Loss allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ances for financial as<span class=\"_ _0\"></span>sets measured a<span class=\"_ _0\"></span>t amortised cost ar<span class=\"_ _4\"></span>e deducted from the gr<span class=\"_ _0\"></span>oss carrying amount of the assets. Impairment losses r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o trade and other r<span class=\"_ _4\"></span>eceivables, including contr<span class=\"_ _4\"></span>act assets, are pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>ately in the statement of pr<span class=\"_ _4\"></span>ofit or loss and OCI.<span class=\"_ _8\"></span> Writ<span class=\"_ _0\"></span>e-off The gr<span class=\"_ _0\"></span>oss carrying amount of a financial as<span class=\"_ _0\"></span>set is written off when C<span class=\"_ _0\"></span>energy Holdings has no r<span class=\"_ _4\"></span>easonable expectations of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a financial asset in its entir<span class=\"_ _0\"></span>ety or a portion ther<span class=\"_ _0\"></span>eof<span class=\"_ _4\"></span>. Cenergy Holdings subsidiaries make an as<span class=\"_ _0\"></span>sessment on an individual basis with respect t<span class=\"_ _0\"></span>o the timing and amount of write-off based on whether ther<span class=\"_ _0\"></span>e is a r<span class=\"_ _0\"></span>easonable expecta<span class=\"_ _0\"></span>tion of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery<span class=\"_ _1\"></span>. Cenergy Holdings expects no significant r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>ery from the amount written off<span class=\"_ _4\"></span>. How<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, financial assets that ar<span class=\"_ _0\"></span>e written off c<span class=\"_ _0\"></span>ould still be subject t<span class=\"_ _0\"></span>o enfor<span class=\"_ _0\"></span>cement activities in or<span class=\"_ _4\"></span>der to comply with the Group\u2019<span class=\"_ _4\"></span>s procedur<span class=\"_ _0\"></span>es for r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>very of amounts due. A. Recognition and initial measur<span class=\"_ _0\"></span>ement T<span class=\"_ _1\"></span>rade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables are initially r<span class=\"_ _4\"></span>ecognised when they ar<span class=\"_ _0\"></span>e originated. All other financial as<span class=\"_ _0\"></span>sets and financial liabilities are initially r<span class=\"_ _4\"></span>ecognised when Cenergy Holdings bec<span class=\"_ _0\"></span>omes a party to the c<span class=\"_ _0\"></span>ontractual pr<span class=\"_ _4\"></span>ovisions of the instrument. A financial asset (unless it is a tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able without a significant financing component tha<span class=\"_ _0\"></span>t is initially measured at the transaction pric<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>) is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue plus, for an it<span class=\"_ _0\"></span>em not at FVTPL, tr<span class=\"_ _0\"></span>ansaction cos<span class=\"_ _0\"></span>ts that are dir<span class=\"_ _4\"></span>ectly attributable to its acquisition. A trade r<span class=\"_ _4\"></span>eceivable without a significant financing component is initially measured at the tr<span class=\"_ _4\"></span>ansaction price. B. Classification and subsequent measurement Financial assets On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span> Financial assets ar<span class=\"_ _0\"></span>e not reclas<span class=\"_ _0\"></span>sified subsequent to their initial r<span class=\"_ _0\"></span>ecognition, unles<span class=\"_ _0\"></span>s Cener<span class=\"_ _0\"></span>gy Holdings changes its business model for managing financial as<span class=\"_ _0\"></span>sets, in which case all affected financial as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified on the first day of the first r<span class=\"_ _4\"></span>eporting period following the change in the business model. A financial asset is measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t if it meets both of the follo<span class=\"_ _0\"></span>wing conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is to hold assets t<span class=\"_ _0\"></span>o collect c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. A debt inv<span class=\"_ _4\"></span>estment is measured at FV<span class=\"_ _4\"></span>OCI if it meets both of the following conditions and is not designat<span class=\"_ _0\"></span>ed as at FVTPL: \u2022 <span class=\"_ _23\"> </span>it is held within a busines<span class=\"_ _0\"></span>s model whose objectiv<span class=\"_ _0\"></span>e is achiev<span class=\"_ _4\"></span>ed by both collecting c<span class=\"_ _0\"></span>ontractual cash flo<span class=\"_ _4\"></span>ws and<span class=\"_ _8\"></span> selling financial assets; and \u2022 <span class=\"_ _23\"> </span>its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual terms giv<span class=\"_ _4\"></span>e rise on specified dates to cash flow<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>e solely payments of principal and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est on the principal amount outstanding. On initial rec<span class=\"_ _0\"></span>ognition of an equity in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment that is not held for tr<span class=\"_ _4\"></span>ading, Cenergy Holdings may irr<span class=\"_ _4\"></span>evocably elect to pr<span class=\"_ _0\"></span>esent subsequent changes in the inv<span class=\"_ _4\"></span>estment\u2019s fair v<span class=\"_ _0\"></span>alue in OCI. T<span class=\"_ _0\"></span>his election is made on an inv<span class=\"_ _4\"></span>estment-by-inv<span class=\"_ _4\"></span>estment basis.<span class=\"_ _8\"></span> All financial assets (<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es held for hedging purposes<span class=\"_ _0\"></span>) not classified as measur<span class=\"_ _0\"></span>ed at amortised c<span class=\"_ _0\"></span>ost or FV<span class=\"_ _0\"></span>OCI as described abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e are measur<span class=\"_ _4\"></span>ed at FVTPL. On initial recognition, Cener<span class=\"_ _4\"></span>gy Holdings may irre<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ocably designate a financial asset tha<span class=\"_ _0\"></span>t otherwise meets the requir<span class=\"_ _4\"></span>ements to be measured at amortised c<span class=\"_ _0\"></span>ost or at FV<span class=\"_ _4\"></span>OCI as<span class=\"_ _8\"></span> at FVTPL if doing so eliminates or significantly r<span class=\"_ _4\"></span>educes an accounting mismat<span class=\"_ _0\"></span>ch that w<span class=\"_ _0\"></span>ould otherwise arise. Financial assets \u2013 Business model as<span class=\"_ _0\"></span>sessment:  Cener<span class=\"_ _0\"></span>gy Holdings makes an as<span class=\"_ _0\"></span>sessment of the objectiv<span class=\"_ _0\"></span>e of the business model in which a financial as<span class=\"_ _0\"></span>set is held at a portfolio le<span class=\"_ _4\"></span>vel because this best r<span class=\"_ _0\"></span>eflects the wa<span class=\"_ _0\"></span>y the business is managed and inf<span class=\"_ _0\"></span>ormation is pro<span class=\"_ _4\"></span>vided to management. T<span class=\"_ _1\"></span>ransfers of financial assets t<span class=\"_ _0\"></span>o thir<span class=\"_ _0\"></span>d parties in transactions tha<span class=\"_ _0\"></span>t do not qualify for der<span class=\"_ _0\"></span>ecognition ar<span class=\"_ _0\"></span>e not consider<span class=\"_ _0\"></span>ed sales for this purpose, c<span class=\"_ _0\"></span>onsist<span class=\"_ _0\"></span>ent with the Group\u2019<span class=\"_ _4\"></span>s continuing rec<span class=\"_ _0\"></span>ognition of the assets. Financial assets \u2013 Ass<span class=\"_ _0\"></span>essment whether contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws are s<span class=\"_ _0\"></span>olely pa<span class=\"_ _0\"></span>yments of principal and interes<span class=\"_ _0\"></span>t:  For the purposes of this asses<span class=\"_ _0\"></span>sment, \u201cprincipal\u201d is defined as the fair v<span class=\"_ _0\"></span>alue of the financial asset on initial r<span class=\"_ _4\"></span>ecognition.<span class=\"_ _8\"></span> \u201cInter<span class=\"_ _0\"></span>est\u201d is defined as consider<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>or the time value of mone<span class=\"_ _4\"></span>y and for the credit risk associat<span class=\"_ _0\"></span>ed with the principal amount outstanding during a particular period of time and for other basic lending risks and c<span class=\"_ _0\"></span>osts (<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span>g. liquidity risk and administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e costs<span class=\"_ _4\"></span>), as well as a profit mar<span class=\"_ _0\"></span>gin. In asses<span class=\"_ _0\"></span>sing whether the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws ar<span class=\"_ _0\"></span>e solely payments of principal and inter<span class=\"_ _0\"></span>est, Cener<span class=\"_ _4\"></span>gy Holdings considers the contractual t<span class=\"_ _0\"></span>erms of the instrument. T<span class=\"_ _0\"></span>his includes assessing whether the financial asset contains a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual term that c<span class=\"_ _0\"></span>ould change the timing or amount of contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s such that it w<span class=\"_ _0\"></span>ould not meet this condition. In making this asses<span class=\"_ _0\"></span>sment, Cener<span class=\"_ _0\"></span>gy Holdings considers: \u2022 <span class=\"_ _23\"> </span>c<span class=\"_ _0\"></span>ontingent e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents that w<span class=\"_ _0\"></span>ould change the amount or timing of cash flow<span class=\"_ _0\"></span>s; \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that ma<span class=\"_ _0\"></span>y adjust the contr<span class=\"_ _4\"></span>actual coupon rat<span class=\"_ _0\"></span>e, including v<span class=\"_ _0\"></span>ariable-ra<span class=\"_ _0\"></span>te fea<span class=\"_ _0\"></span>tures; \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>epayment and ext<span class=\"_ _0\"></span>ension featur<span class=\"_ _0\"></span>es; and \u2022 <span class=\"_ _23\"> </span>t<span class=\"_ _0\"></span>erms that limit the claim to cash flo<span class=\"_ _4\"></span>ws from specified assets (<span class=\"_ _4\"></span>e.g. non-rec<span class=\"_ _0\"></span>ourse featur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>). Financial assets \u2013 Subsequen<span class=\"_ _0\"></span>t measurement and gains and losses:   Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s.  Financial assets at amortised cos<span class=\"_ _0\"></span>t  <span class=\"_ _12\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method. The amortised cos<span class=\"_ _0\"></span>t is reduc<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y impairment losses. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>ome, for<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change gains and losses and impairment are rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. Any gain or loss on derec<span class=\"_ _0\"></span>ognition is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss.  Debt inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _6f\"> </span> <span class=\"_ _2a\"></span>These assets are subsequently measur<span class=\"_ _4\"></span>ed at fair value. Inter<span class=\"_ _4\"></span>est income calculated using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _0\"></span>est method, for<span class=\"_ _4\"></span>eign exchange gains and losses and impairment are r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Other net gains and los<span class=\"_ _0\"></span>ses are r<span class=\"_ _0\"></span>ecognised in OCI. On derec<span class=\"_ _0\"></span>ognition, gains and losses accumulat<span class=\"_ _0\"></span>ed in OCI ar<span class=\"_ _0\"></span>e reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss.  Equity inv<span class=\"_ _0\"></span>estments at FV<span class=\"_ _4\"></span>OCI <span class=\"_ _4a\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _4\"></span>e subsequently measured at fair v<span class=\"_ _0\"></span>alue. Dividends ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as income in pr<span class=\"_ _0\"></span>ofit or loss unless the dividend clearly r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esents a rec<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>ery of part of the cost of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment. Other net gains and losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in OCI and ar<span class=\"_ _0\"></span>e nev<span class=\"_ _0\"></span>er reclassified t<span class=\"_ _0\"></span>o pr<span class=\"_ _0\"></span>ofit or loss. C. Derecognition Financial assets Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial asset when  \u2022 <span class=\"_ _23\"> </span>the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual rights to the cash flo<span class=\"_ _0\"></span>ws fr<span class=\"_ _4\"></span>om the financial asset expir<span class=\"_ _0\"></span>e; or  \u2022 <span class=\"_ _23\"> </span>it tr<span class=\"_ _4\"></span>ansfers the rights to rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws in a tr<span class=\"_ _0\"></span>ansaction:  - <span class=\"_ _55\"> </span>in which substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership of the financial asset ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed; or  - <span class=\"_ _55\"> </span>in which Cener<span class=\"_ _0\"></span>gy Holdings neither tr<span class=\"_ _0\"></span>ansfers nor r<span class=\"_ _0\"></span>etains substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership and it does not retain c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the financial asset. Cener<span class=\"_ _0\"></span>gy Holdings enters int<span class=\"_ _0\"></span>o transactions wher<span class=\"_ _4\"></span>eby it transf<span class=\"_ _0\"></span>ers assets r<span class=\"_ _0\"></span>ecognised in its sta<span class=\"_ _0\"></span>tement of financial position, but retains either all or subs<span class=\"_ _0\"></span>tantially all of the risks and re<span class=\"_ _4\"></span>wards of the tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed assets. In these cases, the transf<span class=\"_ _0\"></span>erred as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e not derec<span class=\"_ _0\"></span>ognised. D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. 5.<span class=\"_ _4\"></span>16 Share capital<span class=\"_ _8\"></span> Shareholder\u2019s equity is c<span class=\"_ _0\"></span>omposed of or<span class=\"_ _0\"></span>dinary shares.  Incremental c<span class=\"_ _0\"></span>osts dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _0\"></span>o the issue of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es are r<span class=\"_ _4\"></span>ecognised as a deduction from equity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Income tax r<span class=\"_ _0\"></span>elating to tr<span class=\"_ _4\"></span>ansaction costs of an equity transaction is ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in equity (see Not<span class=\"_ _0\"></span>e 5.<span class=\"_ _0\"></span>7).  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-87-5": {
   "value": "B.<span class=\"_\"> </span>Non-financial assetsAt each r<span class=\"_ _4\"></span>eporting date, Cener<span class=\"_ _0\"></span>gy Holdings and its companies r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>view the carrying amounts of its non-financial as<span class=\"_ _0\"></span>sets (other than in<span class=\"_ _4\"></span>ventories and deferr<span class=\"_ _4\"></span>ed tax assets) to det<span class=\"_ _0\"></span>ermine whether there is an<span class=\"_ _0\"></span>y indication of impairment. If any such indication e<span class=\"_ _0\"></span>xists, then the as<span class=\"_ _0\"></span>set\u2019s r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount is estimat<span class=\"_ _0\"></span>ed. Goodwill and intangible assets with indefinite useful life is t<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ed annually for impairment. For impairment t<span class=\"_ _0\"></span>esting, assets ar<span class=\"_ _0\"></span>e gr<span class=\"_ _0\"></span>ouped together int<span class=\"_ _0\"></span>o the smallest gr<span class=\"_ _0\"></span>oup of assets that gener<span class=\"_ _4\"></span>ates cash inflows fr<span class=\"_ _4\"></span>om<span class=\"_ _d\"></span> continuing use that ar<span class=\"_ _0\"></span>e lar<span class=\"_ _0\"></span>gely independent of the cash inflow<span class=\"_ _0\"></span>s of other assets or C<span class=\"_ _0\"></span>GUs. Goodwill arising fr<span class=\"_ _0\"></span>om a business<span class=\"_ _8\"></span> combination is allocat<span class=\"_ _0\"></span>ed to C<span class=\"_ _0\"></span>GUs or gr<span class=\"_ _0\"></span>oups of CGUs that ar<span class=\"_ _4\"></span>e expected to benefit fr<span class=\"_ _4\"></span>om the synergies of the combina<span class=\"_ _0\"></span>tion.<span class=\"_ _8\"></span> The r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>able amount of an asset or CGU is the gr<span class=\"_ _4\"></span>eater of its value in use and its f<span class=\"_ _0\"></span>air value les<span class=\"_ _0\"></span>s costs t<span class=\"_ _0\"></span>o sell. V<span class=\"_ _4\"></span>alue in use is based on the estimated futur<span class=\"_ _4\"></span>e cash flows, discount<span class=\"_ _0\"></span>ed to their pr<span class=\"_ _4\"></span>esent value using a pre-tax disc<span class=\"_ _0\"></span>ount ra<span class=\"_ _0\"></span>te that reflects curr<span class=\"_ _4\"></span>ent market assessments of the time v<span class=\"_ _0\"></span>alue of mone<span class=\"_ _0\"></span>y and the risks specific to the asset or C<span class=\"_ _4\"></span>GU.<span class=\"_ _8\"></span> An impairment loss is r<span class=\"_ _0\"></span>ecognised if the carrying amount of an asset or C<span class=\"_ _0\"></span>GU e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds its r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able amount. Impairment losses ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in pr<span class=\"_ _0\"></span>ofit or loss under \u201cOther e<span class=\"_ _0\"></span>xpenses\u201d. The<span class=\"_ _4\"></span>y are allocated first t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>educe the carrying amount of any goodwill allocat<span class=\"_ _0\"></span>ed to the C<span class=\"_ _0\"></span>GU, and then t<span class=\"_ _0\"></span>o reduc<span class=\"_ _0\"></span>e the carrying amounts of the other assets in the CGU on a pr<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ata basis. An impairment loss in r<span class=\"_ _0\"></span>espect of goodwill is not re<span class=\"_ _4\"></span>versed. For other as<span class=\"_ _0\"></span>sets, an impairment loss is r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>ersed only to the ext<span class=\"_ _0\"></span>ent that the asset\u2019<span class=\"_ _0\"></span>s carrying amount does not e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceed the carrying amount that w<span class=\"_ _4\"></span>ould have been det<span class=\"_ _0\"></span>ermined, net of depreciation or amortisa<span class=\"_ _0\"></span>tion, if no impairment loss had been r<span class=\"_ _0\"></span>ecognised. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries, also, include in their r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>w of the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amounts as<span class=\"_ _0\"></span>sumptions r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the consequences of clima<span class=\"_ _0\"></span>te change. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-94-4": {
   "value": "5.<span class=\"_ _4\"></span>14 Leases<span class=\"_ _8\"></span> At inc<span class=\"_ _0\"></span>eption of a contr<span class=\"_ _4\"></span>act, the Group assesses whether a contr<span class=\"_ _4\"></span>act is, or contains, a lease. A contr<span class=\"_ _0\"></span>act is, or contains, a lease if the contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset f<span class=\"_ _0\"></span>or a period of time in ex<span class=\"_ _4\"></span>change for<span class=\"_ _8\"></span> consider<span class=\"_ _0\"></span>ation. T<span class=\"_ _1\"></span>o asses<span class=\"_ _0\"></span>s whether a contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset, the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> uses the definition of a lease in IFRS 16. Ac<span class=\"_ _0\"></span>counting f<span class=\"_ _0\"></span>or lease contr<span class=\"_ _0\"></span>acts as a lessee Cener<span class=\"_ _0\"></span>gy Holdings companies lease v<span class=\"_ _0\"></span>arious offices, w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses, machinery and cars. Rental contr<span class=\"_ _4\"></span>acts are typically made for fix<span class=\"_ _0\"></span>ed periods of 1 to 5 y<span class=\"_ _4\"></span>ears. Lease terms are negotia<span class=\"_ _0\"></span>ted on an individual basis and contain a wide r<span class=\"_ _4\"></span>ange of<span class=\"_ _8\"></span> differ<span class=\"_ _0\"></span>ent terms and c<span class=\"_ _0\"></span>onditions.  Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises a right-of-use asset and a lease liability a<span class=\"_ _0\"></span>t the lease commencement da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he right-of-use asset is initially measur<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t, which comprises the initial amount of the lease liability adjus<span class=\"_ _0\"></span>ted for an<span class=\"_ _0\"></span>y lease payments made at or bef<span class=\"_ _0\"></span>ore the c<span class=\"_ _0\"></span>ommencement da<span class=\"_ _0\"></span>te, plus an<span class=\"_ _0\"></span>y initial dir<span class=\"_ _0\"></span>ect costs incurr<span class=\"_ _4\"></span>ed and an estimate of costs t<span class=\"_ _0\"></span>o dismantle and r<span class=\"_ _0\"></span>emov<span class=\"_ _4\"></span>e the underlying asset or to res<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the underlying asset or the sit<span class=\"_ _0\"></span>e on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>ed.  Subsequently they ar<span class=\"_ _4\"></span>e measured at cost les<span class=\"_ _0\"></span>s any ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses, and adjus<span class=\"_ _0\"></span>ted for certain r<span class=\"_ _4\"></span>emeasurements of the lease liability<span class=\"_ _1\"></span>. The right-of-use asset is depreciat<span class=\"_ _0\"></span>ed using the str<span class=\"_ _0\"></span>aight-line method from the c<span class=\"_ _0\"></span>ommencement dat<span class=\"_ _0\"></span>e to the end of the lease t<span class=\"_ _0\"></span>erm, unless the lease tr<span class=\"_ _0\"></span>ansfers o<span class=\"_ _0\"></span>wnership of the underlying asset to the Gr<span class=\"_ _4\"></span>oup by the end of the lease term or the cos<span class=\"_ _0\"></span>t of the right-of-use asset r<span class=\"_ _0\"></span>eflects that the Gr<span class=\"_ _0\"></span>oup will ex<span class=\"_ _4\"></span>ercise a purchase option. In tha<span class=\"_ _0\"></span>t case the right-of-use asset will be depr<span class=\"_ _0\"></span>eciated o<span class=\"_ _4\"></span>ver the useful life of the underlying asset, which is determined on the same basis as those of pr<span class=\"_ _4\"></span>operty and equipment.<span class=\"_ _8\"></span>  The lease liability is initially measur<span class=\"_ _4\"></span>ed at the present value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing lease payments: \u2022 <span class=\"_ _23\"> </span>fix<span class=\"_ _4\"></span>ed payments (including in-substance fix<span class=\"_ _4\"></span>ed payments), less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>able ; \u2022 <span class=\"_ _23\"> </span>v<span class=\"_ _4\"></span>ariable lease payment that are based on an inde<span class=\"_ _4\"></span>x or a rate ; \u2022 <span class=\"_ _23\"> </span>amounts e<span class=\"_ _4\"></span>xpected to be pay<span class=\"_ _4\"></span>able by the lessee under residual v<span class=\"_ _4\"></span>alue guarantees ; \u2022 <span class=\"_ _23\"> </span>the e<span class=\"_ _4\"></span>xer<span class=\"_ _0\"></span>cise price of a pur<span class=\"_ _0\"></span>chase option if the lessee is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise tha<span class=\"_ _0\"></span>t option; and  \u2022 <span class=\"_ _23\"> </span>pa<span class=\"_ _0\"></span>yments of penalties for t<span class=\"_ _0\"></span>erminating the lease, if the lease t<span class=\"_ _0\"></span>erm r<span class=\"_ _0\"></span>eflects the lessee e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cising that option.  These pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e discounted using the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate implicit in the lease or<span class=\"_ _1\"></span>, if that rat<span class=\"_ _0\"></span>e cannot be readily determined, the incr<span class=\"_ _0\"></span>emental borr<span class=\"_ _0\"></span>owing r<span class=\"_ _4\"></span>ate of the component enter<span class=\"_ _0\"></span>ed into the lease agr<span class=\"_ _4\"></span>eement. Generally<span class=\"_ _4\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings uses its incremental borr<span class=\"_ _4\"></span>owing rat<span class=\"_ _0\"></span>e as the discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.  This is the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that the lessee, i.<span class=\"_ _0\"></span>e. each subsidiary of C<span class=\"_ _0\"></span>energy Holdings, w<span class=\"_ _4\"></span>ould have t<span class=\"_ _0\"></span>o pay on the c<span class=\"_ _0\"></span>ommencement date of the lease f<span class=\"_ _0\"></span>or a loan of a similar term, and with similar security<span class=\"_ _1\"></span>, to obtain an asset of similar v<span class=\"_ _0\"></span>alue to the right-of-use asset in similar economic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment. The lease liability is subsequently incr<span class=\"_ _4\"></span>eased by the inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t on the lease liability and decr<span class=\"_ _0\"></span>eased by lease payment made. It is r<span class=\"_ _4\"></span>emeasured if there is a modification tha<span class=\"_ _0\"></span>t is not acc<span class=\"_ _0\"></span>ounted for as a separ<span class=\"_ _4\"></span>ate lease; when there is a change in future lease pa<span class=\"_ _0\"></span>yments arising fr<span class=\"_ _0\"></span>om a change in an inde<span class=\"_ _0\"></span>x or rat<span class=\"_ _0\"></span>e; a change in the estimat<span class=\"_ _0\"></span>e of the amount expect<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able under a residual v<span class=\"_ _4\"></span>alue guarantee; and changes in the asses<span class=\"_ _0\"></span>sment of whether a purchase or ext<span class=\"_ _0\"></span>ension option is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o be ex<span class=\"_ _4\"></span>ercised or a termination option is r<span class=\"_ _0\"></span>easonably c<span class=\"_ _0\"></span>ertain not to be ex<span class=\"_ _4\"></span>ercised. Cener<span class=\"_ _0\"></span>gy Holdings elected not t<span class=\"_ _0\"></span>o separat<span class=\"_ _0\"></span>e non-lease components fr<span class=\"_ _4\"></span>om lease components.<span class=\"_ _8\"></span>  Lease liabilities and right-of-use assets ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely in the statement of financial position.  Cener<span class=\"_ _0\"></span>gy Holdings has elected t<span class=\"_ _0\"></span>o present int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est paid r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o lease liabilities in the Consolidat<span class=\"_ _0\"></span>ed Statement of Cash Flow<span class=\"_ _0\"></span>s, within the line \u201cInter<span class=\"_ _0\"></span>est char<span class=\"_ _4\"></span>ges &amp; related e<span class=\"_ _0\"></span>xpenses paid\u201d in oper<span class=\"_ _0\"></span>ating activities. Short-term leases and leases of lo<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>value as<span class=\"_ _0\"></span>sets Payments as<span class=\"_ _0\"></span>sociated with short-t<span class=\"_ _0\"></span>erm leases and leases of lo<span class=\"_ _0\"></span>w-v<span class=\"_ _4\"></span>alue assets are r<span class=\"_ _0\"></span>ecognised on a str<span class=\"_ _4\"></span>aight-line basis<span class=\"_ _8\"></span> as an expense in pr<span class=\"_ _4\"></span>ofit or loss. Short-term leases are leases with a lease t<span class=\"_ _0\"></span>erm of 12 months or less. Lo<span class=\"_ _4\"></span>w-value assets comprise IT<span class=\"_ _1\"></span>-equipment, small items of office furnitur<span class=\"_ _0\"></span>e and other equipment. Cenery Holdings companies lease adminis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion offices and w<span class=\"_ _0\"></span>arehouses b<span class=\"_ _4\"></span>y the ultimate parent c<span class=\"_ _0\"></span>ompany V<span class=\"_ _0\"></span>iohalco S.A. and other relat<span class=\"_ _0\"></span>ed companies. All c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for administr<span class=\"_ _4\"></span>ation offices and war<span class=\"_ _0\"></span>ehouses do not include any early termination penalty clauses and the<span class=\"_ _4\"></span>y are cancellable at any time<span class=\"_ _0\"></span>. For this r<span class=\"_ _4\"></span>eason, all intercompan<span class=\"_ _0\"></span>y contr<span class=\"_ _4\"></span>acts for<span class=\"_ _8\"></span> administr<span class=\"_ _0\"></span>ation offices and w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as short term and Cener<span class=\"_ _4\"></span>gy Holdings recognises the lease payments associa<span class=\"_ _0\"></span>ted with these leases as an e<span class=\"_ _0\"></span>xpense on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er the lease term. Rental income Rental income is r<span class=\"_ _4\"></span>ecognised as other income on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>ver the t<span class=\"_ _0\"></span>erm of the lease. L<span class=\"_ _0\"></span>ease incentiv<span class=\"_ _0\"></span>es grant<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as an integr<span class=\"_ _0\"></span>al part of the total r<span class=\"_ _4\"></span>ental income, ov<span class=\"_ _4\"></span>er the term of the lease. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-94-5": {
   "value": "5.<span class=\"_ _4\"></span>14 Leases<span class=\"_ _8\"></span> At inc<span class=\"_ _0\"></span>eption of a contr<span class=\"_ _4\"></span>act, the Group assesses whether a contr<span class=\"_ _4\"></span>act is, or contains, a lease. A contr<span class=\"_ _0\"></span>act is, or contains, a lease if the contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset f<span class=\"_ _0\"></span>or a period of time in ex<span class=\"_ _4\"></span>change for<span class=\"_ _8\"></span> consider<span class=\"_ _0\"></span>ation. T<span class=\"_ _1\"></span>o asses<span class=\"_ _0\"></span>s whether a contr<span class=\"_ _0\"></span>act con<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ys the right t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>ol the use of an identified asset, the Gr<span class=\"_ _4\"></span>oup<span class=\"_ _8\"></span> uses the definition of a lease in IFRS 16. Ac<span class=\"_ _0\"></span>counting f<span class=\"_ _0\"></span>or lease contr<span class=\"_ _0\"></span>acts as a lessee Cener<span class=\"_ _0\"></span>gy Holdings companies lease v<span class=\"_ _0\"></span>arious offices, w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses, machinery and cars. Rental contr<span class=\"_ _4\"></span>acts are typically made for fix<span class=\"_ _0\"></span>ed periods of 1 to 5 y<span class=\"_ _4\"></span>ears. Lease terms are negotia<span class=\"_ _0\"></span>ted on an individual basis and contain a wide r<span class=\"_ _4\"></span>ange of<span class=\"_ _8\"></span> differ<span class=\"_ _0\"></span>ent terms and c<span class=\"_ _0\"></span>onditions.  Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>ognises a right-of-use asset and a lease liability a<span class=\"_ _0\"></span>t the lease commencement da<span class=\"_ _0\"></span>te. T<span class=\"_ _0\"></span>he right-of-use asset is initially measur<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t, which comprises the initial amount of the lease liability adjus<span class=\"_ _0\"></span>ted for an<span class=\"_ _0\"></span>y lease payments made at or bef<span class=\"_ _0\"></span>ore the c<span class=\"_ _0\"></span>ommencement da<span class=\"_ _0\"></span>te, plus an<span class=\"_ _0\"></span>y initial dir<span class=\"_ _0\"></span>ect costs incurr<span class=\"_ _4\"></span>ed and an estimate of costs t<span class=\"_ _0\"></span>o dismantle and r<span class=\"_ _0\"></span>emov<span class=\"_ _4\"></span>e the underlying asset or to res<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>e the underlying asset or the sit<span class=\"_ _0\"></span>e on which it is located, less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>ed.  Subsequently they ar<span class=\"_ _4\"></span>e measured at cost les<span class=\"_ _0\"></span>s any ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses, and adjus<span class=\"_ _0\"></span>ted for certain r<span class=\"_ _4\"></span>emeasurements of the lease liability<span class=\"_ _1\"></span>. The right-of-use asset is depreciat<span class=\"_ _0\"></span>ed using the str<span class=\"_ _0\"></span>aight-line method from the c<span class=\"_ _0\"></span>ommencement dat<span class=\"_ _0\"></span>e to the end of the lease t<span class=\"_ _0\"></span>erm, unless the lease tr<span class=\"_ _0\"></span>ansfers o<span class=\"_ _0\"></span>wnership of the underlying asset to the Gr<span class=\"_ _4\"></span>oup by the end of the lease term or the cos<span class=\"_ _0\"></span>t of the right-of-use asset r<span class=\"_ _0\"></span>eflects that the Gr<span class=\"_ _0\"></span>oup will ex<span class=\"_ _4\"></span>ercise a purchase option. In tha<span class=\"_ _0\"></span>t case the right-of-use asset will be depr<span class=\"_ _0\"></span>eciated o<span class=\"_ _4\"></span>ver the useful life of the underlying asset, which is determined on the same basis as those of pr<span class=\"_ _4\"></span>operty and equipment.<span class=\"_ _8\"></span>  The lease liability is initially measur<span class=\"_ _4\"></span>ed at the present value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing lease payments: \u2022 <span class=\"_ _23\"> </span>fix<span class=\"_ _4\"></span>ed payments (including in-substance fix<span class=\"_ _4\"></span>ed payments), less an<span class=\"_ _0\"></span>y lease incentiv<span class=\"_ _4\"></span>es receiv<span class=\"_ _0\"></span>able ; \u2022 <span class=\"_ _23\"> </span>v<span class=\"_ _4\"></span>ariable lease payment that are based on an inde<span class=\"_ _4\"></span>x or a rate ; \u2022 <span class=\"_ _23\"> </span>amounts e<span class=\"_ _4\"></span>xpected to be pay<span class=\"_ _4\"></span>able by the lessee under residual v<span class=\"_ _4\"></span>alue guarantees ; \u2022 <span class=\"_ _23\"> </span>the e<span class=\"_ _4\"></span>xer<span class=\"_ _0\"></span>cise price of a pur<span class=\"_ _0\"></span>chase option if the lessee is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise tha<span class=\"_ _0\"></span>t option; and  \u2022 <span class=\"_ _23\"> </span>pa<span class=\"_ _0\"></span>yments of penalties for t<span class=\"_ _0\"></span>erminating the lease, if the lease t<span class=\"_ _0\"></span>erm r<span class=\"_ _0\"></span>eflects the lessee e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cising that option.  These pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e discounted using the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate implicit in the lease or<span class=\"_ _1\"></span>, if that rat<span class=\"_ _0\"></span>e cannot be readily determined, the incr<span class=\"_ _0\"></span>emental borr<span class=\"_ _0\"></span>owing r<span class=\"_ _4\"></span>ate of the component enter<span class=\"_ _0\"></span>ed into the lease agr<span class=\"_ _4\"></span>eement. Generally<span class=\"_ _4\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings uses its incremental borr<span class=\"_ _4\"></span>owing rat<span class=\"_ _0\"></span>e as the discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e.  This is the r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e that the lessee, i.<span class=\"_ _0\"></span>e. each subsidiary of C<span class=\"_ _0\"></span>energy Holdings, w<span class=\"_ _4\"></span>ould have t<span class=\"_ _0\"></span>o pay on the c<span class=\"_ _0\"></span>ommencement date of the lease f<span class=\"_ _0\"></span>or a loan of a similar term, and with similar security<span class=\"_ _1\"></span>, to obtain an asset of similar v<span class=\"_ _0\"></span>alue to the right-of-use asset in similar economic en<span class=\"_ _0\"></span>vir<span class=\"_ _0\"></span>onment. The lease liability is subsequently incr<span class=\"_ _4\"></span>eased by the inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t on the lease liability and decr<span class=\"_ _0\"></span>eased by lease payment made. It is r<span class=\"_ _4\"></span>emeasured if there is a modification tha<span class=\"_ _0\"></span>t is not acc<span class=\"_ _0\"></span>ounted for as a separ<span class=\"_ _4\"></span>ate lease; when there is a change in future lease pa<span class=\"_ _0\"></span>yments arising fr<span class=\"_ _0\"></span>om a change in an inde<span class=\"_ _0\"></span>x or rat<span class=\"_ _0\"></span>e; a change in the estimat<span class=\"_ _0\"></span>e of the amount expect<span class=\"_ _0\"></span>ed to be pa<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>able under a residual v<span class=\"_ _4\"></span>alue guarantee; and changes in the asses<span class=\"_ _0\"></span>sment of whether a purchase or ext<span class=\"_ _0\"></span>ension option is r<span class=\"_ _0\"></span>easonably certain t<span class=\"_ _0\"></span>o be ex<span class=\"_ _4\"></span>ercised or a termination option is r<span class=\"_ _0\"></span>easonably c<span class=\"_ _0\"></span>ertain not to be ex<span class=\"_ _4\"></span>ercised. Cener<span class=\"_ _0\"></span>gy Holdings elected not t<span class=\"_ _0\"></span>o separat<span class=\"_ _0\"></span>e non-lease components fr<span class=\"_ _4\"></span>om lease components.<span class=\"_ _8\"></span>  Lease liabilities and right-of-use assets ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>esented separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely in the statement of financial position.  Cener<span class=\"_ _0\"></span>gy Holdings has elected t<span class=\"_ _0\"></span>o present int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est paid r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o lease liabilities in the Consolidat<span class=\"_ _0\"></span>ed Statement of Cash Flow<span class=\"_ _0\"></span>s, within the line \u201cInter<span class=\"_ _0\"></span>est char<span class=\"_ _4\"></span>ges &amp; related e<span class=\"_ _0\"></span>xpenses paid\u201d in oper<span class=\"_ _0\"></span>ating activities. Short-term leases and leases of lo<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>value as<span class=\"_ _0\"></span>sets Payments as<span class=\"_ _0\"></span>sociated with short-t<span class=\"_ _0\"></span>erm leases and leases of lo<span class=\"_ _0\"></span>w-v<span class=\"_ _4\"></span>alue assets are r<span class=\"_ _0\"></span>ecognised on a str<span class=\"_ _4\"></span>aight-line basis<span class=\"_ _8\"></span> as an expense in pr<span class=\"_ _4\"></span>ofit or loss. Short-term leases are leases with a lease t<span class=\"_ _0\"></span>erm of 12 months or less. Lo<span class=\"_ _4\"></span>w-value assets comprise IT<span class=\"_ _1\"></span>-equipment, small items of office furnitur<span class=\"_ _0\"></span>e and other equipment. Cenery Holdings companies lease adminis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tion offices and w<span class=\"_ _0\"></span>arehouses b<span class=\"_ _4\"></span>y the ultimate parent c<span class=\"_ _0\"></span>ompany V<span class=\"_ _0\"></span>iohalco S.A. and other relat<span class=\"_ _0\"></span>ed companies. All c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for administr<span class=\"_ _4\"></span>ation offices and war<span class=\"_ _0\"></span>ehouses do not include any early termination penalty clauses and the<span class=\"_ _4\"></span>y are cancellable at any time<span class=\"_ _0\"></span>. For this r<span class=\"_ _4\"></span>eason, all intercompan<span class=\"_ _0\"></span>y contr<span class=\"_ _4\"></span>acts for<span class=\"_ _8\"></span> administr<span class=\"_ _0\"></span>ation offices and w<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ehouses are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as short term and Cener<span class=\"_ _4\"></span>gy Holdings recognises the lease payments associa<span class=\"_ _0\"></span>ted with these leases as an e<span class=\"_ _0\"></span>xpense on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er the lease term. Rental income Rental income is r<span class=\"_ _4\"></span>ecognised as other income on a str<span class=\"_ _0\"></span>aight-line basis o<span class=\"_ _0\"></span>ver the t<span class=\"_ _0\"></span>erm of the lease. L<span class=\"_ _0\"></span>ease incentiv<span class=\"_ _0\"></span>es grant<span class=\"_ _0\"></span>ed ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised as an integr<span class=\"_ _0\"></span>al part of the total r<span class=\"_ _4\"></span>ental income, ov<span class=\"_ _4\"></span>er the term of the lease. Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-98-6": {
   "value": "Cener<span class=\"_ _0\"></span>gy Holdings has elected t<span class=\"_ _0\"></span>o present int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est paid r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o lease liabilities in the Consolidat<span class=\"_ _0\"></span>ed Statement of Cash Flow<span class=\"_ _0\"></span>s, within the line \u201cInter<span class=\"_ _0\"></span>est char<span class=\"_ _4\"></span>ges &amp; related e<span class=\"_ _0\"></span>xpenses paid\u201d in oper<span class=\"_ _0\"></span>ating activities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-104-7": {
   "value": "On initial rec<span class=\"_ _0\"></span>ognition, a financial asset is classified as measur<span class=\"_ _4\"></span>ed at: amortised cost; FV<span class=\"_ _0\"></span>OCI \u2013 debt inv<span class=\"_ _4\"></span>estment; FVOCI \u2013 equity inv<span class=\"_ _4\"></span>estment; or FVTPL.<span class=\"_ _8\"></span>  Financial assets at FVTPL <span class=\"_ _20\"> </span> <span class=\"_ _6e\"></span>These assets ar<span class=\"_ _0\"></span>e subsequently measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue. Net gains and losses, including any inter<span class=\"_ _0\"></span>est or dividend inc<span class=\"_ _0\"></span>ome, ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised in profit or los<span class=\"_ _0\"></span>s. E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-115-6": {
   "value": "Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-115-7": {
   "value": "Financial liabilities Financial liabilities are clas<span class=\"_ _0\"></span>sified as measured a<span class=\"_ _0\"></span>t amortised cost.  All financial liabilities (e<span class=\"_ _4\"></span>xcept deriv<span class=\"_ _4\"></span>atives held for hedging purposes<span class=\"_ _0\"></span>) are subsequently measur<span class=\"_ _4\"></span>ed at amortised cost using the effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est method. Interest e<span class=\"_ _4\"></span>xpense and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change gains and losses ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Any gain or los<span class=\"_ _0\"></span>s on derec<span class=\"_ _0\"></span>ognition is also r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-116-6": {
   "value": "C. Derecognition Financial assets Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial asset when  \u2022 <span class=\"_ _23\"> </span>the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual rights to the cash flo<span class=\"_ _0\"></span>ws fr<span class=\"_ _4\"></span>om the financial asset expir<span class=\"_ _0\"></span>e; or  \u2022 <span class=\"_ _23\"> </span>it tr<span class=\"_ _4\"></span>ansfers the rights to rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>e the contr<span class=\"_ _0\"></span>actual cash flo<span class=\"_ _0\"></span>ws in a tr<span class=\"_ _0\"></span>ansaction:  - <span class=\"_ _55\"> </span>in which substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership of the financial asset ar<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed; or  - <span class=\"_ _55\"> </span>in which Cener<span class=\"_ _0\"></span>gy Holdings neither tr<span class=\"_ _0\"></span>ansfers nor r<span class=\"_ _0\"></span>etains substantially all of the risks and r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds of o<span class=\"_ _0\"></span>wnership and it does not retain c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the financial asset. Cener<span class=\"_ _0\"></span>gy Holdings enters int<span class=\"_ _0\"></span>o transactions wher<span class=\"_ _4\"></span>eby it transf<span class=\"_ _0\"></span>ers assets r<span class=\"_ _0\"></span>ecognised in its sta<span class=\"_ _0\"></span>tement of financial position, but retains either all or subs<span class=\"_ _0\"></span>tantially all of the risks and re<span class=\"_ _4\"></span>wards of the tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed assets. In these cases, the transf<span class=\"_ _0\"></span>erred as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e not derec<span class=\"_ _0\"></span>ognised. Financial liabilities Cener<span class=\"_ _0\"></span>gy Holdings derec<span class=\"_ _0\"></span>ognises a financial liability when its c<span class=\"_ _0\"></span>ontractual obligations ar<span class=\"_ _4\"></span>e discharged or cancelled, or expir<span class=\"_ _4\"></span>e. Cenergy Holdings also der<span class=\"_ _0\"></span>ecognises a financial liability when its t<span class=\"_ _0\"></span>erms ar<span class=\"_ _0\"></span>e modified and the cash flow<span class=\"_ _0\"></span>s of the modified liability are subs<span class=\"_ _0\"></span>tantially differ<span class=\"_ _0\"></span>ent, in which case a ne<span class=\"_ _0\"></span>w financial liability based on the modified terms is rec<span class=\"_ _0\"></span>ognised at fair v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span> On derec<span class=\"_ _0\"></span>ognition of a financial liability<span class=\"_ _1\"></span>, the differenc<span class=\"_ _0\"></span>e betw<span class=\"_ _0\"></span>een the carrying amount extinguished and the consider<span class=\"_ _0\"></span>ation paid (including any non-cash as<span class=\"_ _0\"></span>sets transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed or liabilities assumed) is r<span class=\"_ _0\"></span>ecognised in pr<span class=\"_ _0\"></span>ofit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-119-7": {
   "value": "D<span class=\"_ _0\"></span>. Offsetting Financial assets and financial liabilities ar<span class=\"_ _0\"></span>e offset and the net amount present<span class=\"_ _0\"></span>ed in the Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of<span class=\"_ _8\"></span> Financial Position when, and only when, Cener<span class=\"_ _0\"></span>gy Holdings curr<span class=\"_ _0\"></span>ently has a legally enfor<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o setoff the amounts and it intends either to set<span class=\"_ _0\"></span>tle them on a net basis or to r<span class=\"_ _0\"></span>ealise the asset and settle the liabilit<span class=\"_ _0\"></span>y simultaneously<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-120-8": {
   "value": "E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-120-9": {
   "value": "E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-120-10": {
   "value": "E. Derivativ<span class=\"_ _4\"></span>es and hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings has elected not t<span class=\"_ _0\"></span>o adopt the pro<span class=\"_ _4\"></span>visions of IFRS 9 regarding the hedge ac<span class=\"_ _0\"></span>counting and c<span class=\"_ _0\"></span>ontinues to apply IAS 3<span class=\"_ _0\"></span>9. Cener<span class=\"_ _0\"></span>gy Holdings holds deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue or cash flow hedges. Deriv<span class=\"_ _4\"></span>atives are used t<span class=\"_ _0\"></span>o co<span class=\"_ _4\"></span>ver risks arising from changes in pric<span class=\"_ _0\"></span>es of metals, fluctuations of for<span class=\"_ _4\"></span>eign ex<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es and changes in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates on borr<span class=\"_ _4\"></span>owings. Derivativ<span class=\"_ _4\"></span>es are initially measured a<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alue; any dir<span class=\"_ _4\"></span>ectly attributable transaction costs ar<span class=\"_ _4\"></span>e recognised in pr<span class=\"_ _0\"></span>ofit or loss as incurr<span class=\"_ _0\"></span>ed. Subsequent to initial r<span class=\"_ _0\"></span>ecognition, deriv<span class=\"_ _4\"></span>atives are measur<span class=\"_ _4\"></span>ed at fair value, and changes ther<span class=\"_ _4\"></span>ein are generally r<span class=\"_ _4\"></span>ecognised in profit or loss, unless the ins<span class=\"_ _0\"></span>trument qualifies for cash flo<span class=\"_ _0\"></span>w hedge acc<span class=\"_ _0\"></span>ounting. F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedge Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _0\"></span>alue of deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualify as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recognized in the Consolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Los<span class=\"_ _0\"></span>s, along with any changes in the f<span class=\"_ _0\"></span>air value of the hedged as<span class=\"_ _0\"></span>set or liability that are a<span class=\"_ _0\"></span>ttributable to the hedged risk. Cash flow hedge The eff<span class=\"_ _0\"></span>ective portion of changes in the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as cash flo<span class=\"_ _0\"></span>w hedges is r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d. Any ineffectiv<span class=\"_ _0\"></span>e proportion is r<span class=\"_ _4\"></span>ecognized immediately in pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the \u201cHedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e\u201d are r<span class=\"_ _4\"></span>eclassified to the Consolidated Sta<span class=\"_ _0\"></span>tement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged items affect pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span>  When a hedge item matur<span class=\"_ _0\"></span>es or is sold or when the hedge no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d the profits and losses accrued to \u201cEquity\u201d r<span class=\"_ _0\"></span>emain as a r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e and are r<span class=\"_ _4\"></span>eclassified to profit or los<span class=\"_ _0\"></span>s when the hedged asset affects pr<span class=\"_ _4\"></span>ofit or loss.<span class=\"_ _8\"></span> In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction which is no longer expect<span class=\"_ _0\"></span>ed to oc<span class=\"_ _0\"></span>cur<span class=\"_ _4\"></span>, amounts rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to pr<span class=\"_ _0\"></span>ofit and loss. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedges at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely), the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedges is e<span class=\"_ _4\"></span>xamined by applying the dollar offset method on a cumulativ<span class=\"_ _0\"></span>e basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-122-4": {
   "value": "5.<span class=\"_ _4\"></span>16 Share capital<span class=\"_ _8\"></span> Shareholder\u2019s equity is c<span class=\"_ _0\"></span>omposed of or<span class=\"_ _0\"></span>dinary shares.  Incremental c<span class=\"_ _0\"></span>osts dir<span class=\"_ _0\"></span>ectly attributable t<span class=\"_ _0\"></span>o the issue of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es are r<span class=\"_ _4\"></span>ecognised as a deduction from equity<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Income tax r<span class=\"_ _0\"></span>elating to tr<span class=\"_ _4\"></span>ansaction costs of an equity transaction is ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in equity (see Not<span class=\"_ _0\"></span>e 5.<span class=\"_ _0\"></span>7).  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-124-3": {
   "value": "5.<span class=\"_ _4\"></span>18 Earnings per share<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings presents basic and dilut<span class=\"_ _0\"></span>ed earnings per shar<span class=\"_ _0\"></span>e. Basic earnings per shar<span class=\"_ _0\"></span>e are calcula<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y dividing the net profit/ los<span class=\"_ _0\"></span>s (-) attributable to holders of the C<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s ordinary shares b<span class=\"_ _0\"></span>y the a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erage w<span class=\"_ _4\"></span>eighted number of<span class=\"_ _8\"></span> outstanding or<span class=\"_ _0\"></span>dinary shares during each period.  Diluted earnings per shar<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e determined b<span class=\"_ _0\"></span>y adjusting the pr<span class=\"_ _0\"></span>ofit or loss at<span class=\"_ _0\"></span>tributable to holders of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es and the av<span class=\"_ _4\"></span>erage weight<span class=\"_ _0\"></span>ed number of outstanding or<span class=\"_ _0\"></span>dinary shares b<span class=\"_ _4\"></span>y the effect of all diluted ev<span class=\"_ _4\"></span>entual ordinary shares c<span class=\"_ _0\"></span>onsisting of c<span class=\"_ _0\"></span>onv<span class=\"_ _4\"></span>ertible notes and shares with options gr<span class=\"_ _0\"></span>anted t<span class=\"_ _0\"></span>o the staff<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-2": {
   "value": "5.<span class=\"_ _4\"></span>19 Operating profit Operating pr<span class=\"_ _4\"></span>ofit is the result generat<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om the continuing principal r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue-producing activities of C<span class=\"_ _0\"></span>energy Holdings, as well as other inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpenses rela<span class=\"_ _0\"></span>ted to oper<span class=\"_ _4\"></span>ating activities. Operating pr<span class=\"_ _0\"></span>ofit ex<span class=\"_ _4\"></span>cludes net finance costs, shar<span class=\"_ _4\"></span>e of profit of equity-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees and income tax<span class=\"_ _4\"></span>es.<span class=\"_ _8\"></span> 7<span class=\"_ _1\"></span>. Re<span class=\"_ _4\"></span>venue A. Significant accounting polic<span class=\"_ _0\"></span>y Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecognises r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. For the detailed accounting polic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, see Note 5.3.<span class=\"_ _8\"></span> B. Nature of goods and servic<span class=\"_ _0\"></span>es Steel pipes projects  Corinth Pipe<span class=\"_ _0\"></span>works pr<span class=\"_ _4\"></span>oduces and sells customized pr<span class=\"_ _4\"></span>oducts to customers mainly for onshor<span class=\"_ _4\"></span>e and offshore pipelines for oil, gas and hy<span class=\"_ _4\"></span>drogen transportation, as w<span class=\"_ _4\"></span>ell as CCS (carbon captur<span class=\"_ _0\"></span>e and st<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>age) applica<span class=\"_ _0\"></span>tions and casing pipes. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Hollow s<span class=\"_ _0\"></span>tructural sections These st<span class=\"_ _0\"></span>eel pr<span class=\"_ _0\"></span>oducts are primarily used in the c<span class=\"_ _0\"></span>onstruction sect<span class=\"_ _0\"></span>or and they ar<span class=\"_ _4\"></span>e used as structural components in metal constructions. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  Cables projects Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries in the cables segment produc<span class=\"_ _0\"></span>es and sells \u201cturnke<span class=\"_ _0\"></span>y\u201d cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems, i.e<span class=\"_ _0\"></span>. supplies and installs complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. In addition, customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts are pr<span class=\"_ _4\"></span>oduced for grid connections, offshor<span class=\"_ _0\"></span>e/onshore wind f<span class=\"_ _0\"></span>arms and other ener<span class=\"_ _0\"></span>gy projects. Under the t<span class=\"_ _0\"></span>erms of the contr<span class=\"_ _0\"></span>acts and due to the high degr<span class=\"_ _4\"></span>ee<span class=\"_ _8\"></span> of customization, these pr<span class=\"_ _4\"></span>oducts have no alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, sinc<span class=\"_ _0\"></span>e they ar<span class=\"_ _4\"></span>e produced acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ding to cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment f<span class=\"_ _0\"></span>or performance c<span class=\"_ _0\"></span>ompleted t<span class=\"_ _0\"></span>o date if the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act is terminat<span class=\"_ _0\"></span>ed by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from such projects is r<span class=\"_ _4\"></span>ecognised ov<span class=\"_ _0\"></span>er time. T<span class=\"_ _0\"></span>he typical length of a c<span class=\"_ _0\"></span>ontract f<span class=\"_ _0\"></span>or turnk<span class=\"_ _0\"></span>ey pr<span class=\"_ _4\"></span>ojects<span class=\"_ _8\"></span> ex<span class=\"_ _4\"></span>ceeds 12 months. For turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y projects, the Gr<span class=\"_ _4\"></span>oup accounts for individual pr<span class=\"_ _0\"></span>oducts and services separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely if they are dis<span class=\"_ _0\"></span>tinct \u2013 i.e<span class=\"_ _0\"></span>. if a product or servic<span class=\"_ _0\"></span>e is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _0\"></span>om other items in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts and if a customer can benefit from it. Po<span class=\"_ _0\"></span>wer &amp; telec<span class=\"_ _0\"></span>om cables The k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y products in this ca<span class=\"_ _0\"></span>tegory ar<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>wer cables and o<span class=\"_ _4\"></span>verhead conduct<span class=\"_ _0\"></span>ors for electric po<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>er distribution networks f<span class=\"_ _0\"></span>or electric po<span class=\"_ _0\"></span>wer oper<span class=\"_ _4\"></span>ators, utilities, industrial applications, r<span class=\"_ _0\"></span>enew<span class=\"_ _0\"></span>able ener<span class=\"_ _0\"></span>gy applications, r<span class=\"_ _0\"></span>ailwa<span class=\"_ _0\"></span>y transportation net<span class=\"_ _0\"></span>works and buildings. T<span class=\"_ _0\"></span>he cat<span class=\"_ _0\"></span>egory also includes telec<span class=\"_ _0\"></span>ommunication, data tr<span class=\"_ _0\"></span>ansmission cables, optical fibre cables and signalling cables. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed. C. Disaggregation of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue<span class=\"_ _8\"></span>  In the follo<span class=\"_ _0\"></span>wing table re<span class=\"_ _4\"></span>venue is disaggrega<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y primary geogr<span class=\"_ _0\"></span>aphical market, major pr<span class=\"_ _4\"></span>oducts and service lines<span class=\"_ _8\"></span> and timing of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognition. The table includes a r<span class=\"_ _0\"></span>econcilia<span class=\"_ _0\"></span>tion with the Group\u2019<span class=\"_ _4\"></span>s reportable segments (see Note 6): Primary geographical mark<span class=\"_ _4\"></span>ets<span class=\"_ _d\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _59\"> </span>38,620 <span class=\"_ _4e\"> </span>21,570 <span class=\"_ _a2\"> </span>396,958 <span class=\"_ _dc\"> </span>332,088 <span class=\"_ _98\"> </span>435,578 <span class=\"_ _dc\"> </span>353,658  Other European Union c<span class=\"_ _0\"></span>ountries <span class=\"_ _b1\"> </span>128,09<span class=\"_ _4\"></span>7 <span class=\"_ _80\"> </span>134,36<span class=\"_ _0\"></span>1 <span class=\"_ _80\"> </span>298,491 <span class=\"_ _52\"> </span>290,82<span class=\"_ _0\"></span>4 <span class=\"_ _5d\"> </span>426,587 <span class=\"_ _29\"> </span>425,<span class=\"_ _0\"></span>185  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _dd\"> </span>28,644 <span class=\"_ _9e\"> </span>16,360 <span class=\"_ _80\"> </span>148,854 <span class=\"_ _76\"> </span>105,366 <span class=\"_ _78\"> </span>177<span class=\"_ _0\"></span>,498 <span class=\"_ _7c\"> </span>121,7<span class=\"_ _0\"></span>25  America <span class=\"_ _de\"> </span>253,255 <span class=\"_ _94\"> </span>16,<span class=\"_ _0\"></span>792 <span class=\"_ _3c\"> </span>9,555 <span class=\"_ _64\"> </span>8,683 <span class=\"_ _93\"> </span>262,810 <span class=\"_ _9f\"> </span>25,4<span class=\"_ _0\"></span>75  Rest of the w<span class=\"_ _0\"></span>orld <span class=\"_ _df\"> </span>13,004 <span class=\"_ _5c\"> </span>40,830 <span class=\"_ _91\"> </span>110,531 <span class=\"_ _8d\"> </span>87<span class=\"_ _1\"></span>,330 <span class=\"_ _a2\"> </span>123,535 <span class=\"_ _79\"> </span>128,160   <span class=\"_ _e0\"> </span>461,620 <span class=\"_ _8d\"> </span>229,913 <span class=\"_ _78\"> </span>964,388 <span class=\"_ _87\"> </span>824,291 <span class=\"_ _23\"> </span>1,426,008 <span class=\"_ _4d\"> </span>1,054,203Major products and service lines<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Steel pipes pr<span class=\"_ _0\"></span>ojects <span class=\"_ _e1\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _81\"> </span>375,87<span class=\"_ _0\"></span>0 <span class=\"_ _5f\"> </span>142,234  Hollow structur<span class=\"_ _4\"></span>al sections <span class=\"_ _e3\"> </span>57<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _94\"> </span>61,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>77 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _64\"> </span>5<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _35\"> </span>61,4<span class=\"_ _4\"></span>77  Cables projects <span class=\"_ _95\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _78\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _4\"></span>79  Pow<span class=\"_ _0\"></span>er &amp; telec<span class=\"_ _0\"></span>om cables <span class=\"_ _e5\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825 <span class=\"_ _a2\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825  Other (wires, r<span class=\"_ _0\"></span>aw ma<span class=\"_ _0\"></span>terials, mer<span class=\"_ _0\"></span>chandize etc.) <span class=\"_ _4e\"> </span>28,6<span class=\"_ _0\"></span>14 <span class=\"_ _85\"> </span>26,202 <span class=\"_ _64\"> </span>10<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>,687 <span class=\"_ _29\"> </span>10<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,886 <span class=\"_ _35\"> </span>136,301 <span class=\"_ _5f\"> </span>134,088  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_\"> </span>824,291 <span class=\"_ _38\"> </span>1,426,008 1,054,203 Timing of re<span class=\"_ _4\"></span>venue recognition<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _94\"> </span>2021 <span class=\"_ _74\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed at a point in time <span class=\"_ _e7\"> </span>85,7<span class=\"_ _0\"></span>50 <span class=\"_ _9e\"> </span>87<span class=\"_ _1\"></span>,679 <span class=\"_ _a2\"> </span>675,206 <span class=\"_ _87\"> </span>550,712 <span class=\"_ _98\"> </span>760,956 <span class=\"_ _81\"> </span>6<span class=\"_ _0\"></span>38,391  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time <span class=\"_ _e8\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e9\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _9b\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _98\"> </span>665,052 <span class=\"_ _98\"> </span>415,813  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_ _2b\"> </span>824,291 <span class=\"_ _7\"> </span>1,426,<span class=\"_ _0\"></span>008 1,054,203 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue increased b<span class=\"_ _4\"></span>y 35% y-o-y to EUR 1,426 million. All cables plants oper<span class=\"_ _4\"></span>ated at close to full pr<span class=\"_ _0\"></span>oduction capacity throughout the y<span class=\"_ _4\"></span>ear pushing the segment<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s re<span class=\"_ _4\"></span>venue 17% higher (+6% in cables projects and +28% in po<span class=\"_ _4\"></span>wer and telecom pr<span class=\"_ _4\"></span>oducts), while steel pipes suc<span class=\"_ _0\"></span>ceeded t<span class=\"_ _0\"></span>o more than double their r<span class=\"_ _4\"></span>evenue c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021. In s<span class=\"_ _0\"></span>teel pipes segment, appro<span class=\"_ _4\"></span>ximately two thir<span class=\"_ _4\"></span>ds of the rev<span class=\"_ _4\"></span>enue change is due to an increase in sales v<span class=\"_ _0\"></span>olume, while the r<span class=\"_ _0\"></span>emaining is due to the effect of the incr<span class=\"_ _4\"></span>ease in steel prices (a<span class=\"_ _0\"></span>ver<span class=\"_ _4\"></span>age price of steel in 2022 w<span class=\"_ _0\"></span>as 22% higher than in 2021). Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecognised in the future r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o performanc<span class=\"_ _0\"></span>e obligations that ar<span class=\"_ _0\"></span>e unsatisfied (<span class=\"_ _0\"></span>or partially unsatisfied) at the r<span class=\"_ _0\"></span>eporting date amounts t<span class=\"_ _0\"></span>o EUR 525.6 million. An amount of EUR 463.<span class=\"_ _0\"></span>4 million is expect<span class=\"_ _0\"></span>ed to be rec<span class=\"_ _0\"></span>ognised during 2023, while the r<span class=\"_ _0\"></span>emaing EUR 62.2 million is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be rec<span class=\"_ _0\"></span>ognised during the periods fr<span class=\"_ _0\"></span>om 202<span class=\"_ _0\"></span>4 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds based on the time schedules included in the open contr<span class=\"_ _0\"></span>acts on 31 December 20<span class=\"_ _0\"></span>22, which hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> original expect<span class=\"_ _0\"></span>ed dur<span class=\"_ _0\"></span>ations of mor<span class=\"_ _0\"></span>e than one year and r<span class=\"_ _4\"></span>evenue r<span class=\"_ _4\"></span>ecognition started during 2022 or prior periods. D<span class=\"_ _0\"></span>. Contr<span class=\"_ _0\"></span>act balances The f<span class=\"_ _0\"></span>ollowing table pr<span class=\"_ _4\"></span>ovides information about c<span class=\"_ _0\"></span>ontracts as<span class=\"_ _0\"></span>sets and contr<span class=\"_ _0\"></span>acts liabilities fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts with customers:  Amounts in EUR thousand <span class=\"_ _ea\"> </span>31 December 2022 <span class=\"_ _75\"> </span>31 December 2021<span class=\"_ _d\"></span>  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _eb\"> </span>195,481 <span class=\"_ _ec\"> </span>98,217  Contract liabilities <span class=\"_ _ed\"> </span>118,669 <span class=\"_ _b1\"> </span>35,898  Out of which: L<span class=\"_ _0\"></span>ong term C<span class=\"_ _0\"></span>ontract liabilities <span class=\"_ _ee\"> </span>9,<span class=\"_ _0\"></span>889 <span class=\"_ _c7\"> </span>9,889Significant changes in the contr<span class=\"_ _0\"></span>act assets and the c<span class=\"_ _0\"></span>ontract liabilities balanc<span class=\"_ _0\"></span>es during the period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _ef\"> </span>Contr<span class=\"_ _0\"></span>act assets <span class=\"_ _f0\"> </span>Contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _d\"></span>  <span class=\"_ _f1\"> </span>2022 2021 <span class=\"_ _2c\"> </span>2022 <span class=\"_ _5\"> </span>2021<span class=\"_ _d\"></span>  Opening balance <span class=\"_ _f2\"> </span>98,217 <span class=\"_ _57\"> </span>64,87<span class=\"_ _0\"></span>5 <span class=\"_ _f3\"> </span>35,898 <span class=\"_ _3c\"> </span>40,085  Rev<span class=\"_ _4\"></span>enue recognised that w<span class=\"_ _0\"></span>as included in the contr<span class=\"_ _0\"></span>act   liability balance at the beginning of the period <span class=\"_ _f4\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _24\"> </span>(24,223) <span class=\"_ _61\"> </span>(19,72<span class=\"_ _0\"></span>7)  Increases due t<span class=\"_ _0\"></span>o cash rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed, ex<span class=\"_ _4\"></span>cluding amounts   rec<span class=\"_ _0\"></span>ognised as re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue during the period <span class=\"_ _f5\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _db\"> </span>106,994 <span class=\"_ _f6\"> </span>15,542  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>ers from c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>ognised at the   beginning of the period to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f7\"> </span>(69,<span class=\"_ _4\"></span>171) <span class=\"_ _9e\"> </span>(57<span class=\"_ _1\"></span>,268) <span class=\"_ _f8\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Increases as a r<span class=\"_ _0\"></span>esult of changes in the measur<span class=\"_ _0\"></span>e of progr<span class=\"_ _0\"></span>ess <span class=\"_ _9a\"> </span>166,77<span class=\"_ _4\"></span>4 <span class=\"_ _61\"> </span>90,784 <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _fa\"> </span>(454) <span class=\"_ _88\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _fb\"> </span>(2)  Impairment loss <span class=\"_ _fc\"> </span>(12) <span class=\"_ _42\"> </span>(175) <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  Impairment loss re<span class=\"_ _4\"></span>versal <span class=\"_ _fd\"> </span>127 <span class=\"_ _88\"> </span>-  <span class=\"_ _fe\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Closing balance <span class=\"_ _ff\"> </span>195,481 <span class=\"_ _63\"> </span>98,217 <span class=\"_ _44\"> </span>118,669 <span class=\"_ _86\"> </span>35,898 Contr<span class=\"_ _0\"></span>act assets incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>.3 million compared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. Such increase is at<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o both steel pipes segment (EUR 38.8 million) due t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>owth in pr<span class=\"_ _4\"></span>oject-related activities and cables segment (EUR 58.5 million increase<span class=\"_ _4\"></span>) due to the timing of inv<span class=\"_ _0\"></span>oicing of specific ongoing pr<span class=\"_ _0\"></span>ojects for which the pr<span class=\"_ _0\"></span>oduction started during the second half of the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Contr<span class=\"_ _0\"></span>act liabilities primarily rela<span class=\"_ _0\"></span>te to the adv<span class=\"_ _4\"></span>ance considera<span class=\"_ _0\"></span>tion rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om customers f<span class=\"_ _0\"></span>or cons<span class=\"_ _0\"></span>truction of customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts or energy pr<span class=\"_ _4\"></span>ojects for which re<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Contr<span class=\"_ _0\"></span>act liabilities which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be settled within mor<span class=\"_ _4\"></span>e than one year are clas<span class=\"_ _0\"></span>sified as non-curr<span class=\"_ _0\"></span>ent liabilities (EUR 9,889 thousand on 31 December 2021). C<span class=\"_ _0\"></span>ontract liabilities incr<span class=\"_ _4\"></span>eased by EUR 82.8 million compar<span class=\"_ _0\"></span>ed to 31 Dec<span class=\"_ _0\"></span>ember 2021 mainly due to the downpa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed close to year\u2019s end for the e<span class=\"_ _4\"></span>xecution of steel pipes ener<span class=\"_ _4\"></span>gy projects.  E. Contr<span class=\"_ _0\"></span>act costs Management expects tha<span class=\"_ _0\"></span>t fees, commis<span class=\"_ _0\"></span>sions &amp; other costs as<span class=\"_ _0\"></span>sociated with obtaining c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects are r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able. Cener<span class=\"_ _4\"></span>gy Holdings recor<span class=\"_ _0\"></span>ded costs incurr<span class=\"_ _4\"></span>ed to obtain a contract of EUR 236 thousand as C<span class=\"_ _0\"></span>ontract costs on 31 Dec<span class=\"_ _0\"></span>ember 2022 (31 Dec<span class=\"_ _0\"></span>ember 2021: EUR 389 thousand). In addition, costs t<span class=\"_ _0\"></span>o fulfill a contr<span class=\"_ _0\"></span>act ar<span class=\"_ _0\"></span>e capitalised, if the<span class=\"_ _0\"></span>y are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act and ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable<span class=\"_ _0\"></span>. Such contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts may include mat<span class=\"_ _0\"></span>erials used for t<span class=\"_ _0\"></span>ests nec<span class=\"_ _0\"></span>essary for the pr<span class=\"_ _4\"></span>oduction, labor costs, insuranc<span class=\"_ _0\"></span>e fees and other c<span class=\"_ _0\"></span>osts neces<span class=\"_ _0\"></span>sary to fulfil perf<span class=\"_ _0\"></span>ormance obligations under a c<span class=\"_ _0\"></span>ontract onc<span class=\"_ _0\"></span>e it is obtained, but befor<span class=\"_ _0\"></span>e transf<span class=\"_ _0\"></span>erring the contr<span class=\"_ _4\"></span>ol of goods or rendering services to the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Costs incurred t<span class=\"_ _0\"></span>o fulfil a contr<span class=\"_ _0\"></span>act on 31 December 2022 and 20<span class=\"_ _0\"></span>21 was z<span class=\"_ _0\"></span>ero<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> Ther<span class=\"_ _0\"></span>efor<span class=\"_ _4\"></span>e, on 31 December 2022 Cener<span class=\"_ _0\"></span>gy Holdings has r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded as contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts an amount of EUR 236 thousand, out of which an amount of EUR 222 thousand is classified as non-curr<span class=\"_ _0\"></span>ent assets. Contr<span class=\"_ _0\"></span>act costs of obtaining or fulfilling a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act are e<span class=\"_ _4\"></span>xpensed to cost of sales when the r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>evenue is rec<span class=\"_ _0\"></span>ognised. In 2022, ther<span class=\"_ _0\"></span>e was no impairment los<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>elation to c<span class=\"_ _0\"></span>ontract c<span class=\"_ _0\"></span>osts. F<span class=\"_ _1\"></span>. Significant judgments in rev<span class=\"_ _4\"></span>enue recognition In rec<span class=\"_ _0\"></span>ognizing r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue the Group makes judgements r<span class=\"_ _4\"></span>egarding the timing of satisfaction of performanc<span class=\"_ _0\"></span>e obligations, the identification of distinct perf<span class=\"_ _0\"></span>ormance obligations, as w<span class=\"_ _0\"></span>ell as the tr<span class=\"_ _0\"></span>ansaction price and the amounts allocated t<span class=\"_ _0\"></span>o performance obliga<span class=\"_ _0\"></span>tions. The mos<span class=\"_ _0\"></span>t significant of these estimates ar<span class=\"_ _4\"></span>e described below: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>ontracts including multiple perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions are mainly identified in cables segment f<span class=\"_ _0\"></span>or turnke<span class=\"_ _4\"></span>y<span class=\"_ _8\"></span> projects and f<span class=\"_ _0\"></span>or customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts in both segments, as described in Note 7<span class=\"_ _1\"></span>.B and Note 5.3. In such cases the total tr<span class=\"_ _0\"></span>ansaction price is allocat<span class=\"_ _0\"></span>ed to these perf<span class=\"_ _0\"></span>ormance obligations on the basis of the r<span class=\"_ _4\"></span>elative standalone selling prices of the pr<span class=\"_ _0\"></span>omised goods or services. If these goods and servic<span class=\"_ _0\"></span>es are not sold separ<span class=\"_ _4\"></span>ately<span class=\"_ _4\"></span>, a cost plus margin appr<span class=\"_ _4\"></span>oach is used to estimate the standalone selling pric<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue deriving from the production of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts for ener<span class=\"_ _0\"></span>gy projects is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ertime. In such projects, c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed by C<span class=\"_ _0\"></span>energy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>escribe the pr<span class=\"_ _0\"></span>omises of both: \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>oducing customized pr<span class=\"_ _0\"></span>oducts based on customers\u2019 specifica<span class=\"_ _0\"></span>tions; and \u2022 <span class=\"_ _23\"> </span>tr<span class=\"_ _4\"></span>ansporting them to the customer\u2019s site<span class=\"_ _0\"></span>.  <span class=\"_ _52\"> </span>In such cases, transportation is consider<span class=\"_ _0\"></span>ed as a separ<span class=\"_ _0\"></span>ate perf<span class=\"_ _0\"></span>ormance obligation, sinc<span class=\"_ _0\"></span>e both criteria pr<span class=\"_ _0\"></span>escribed in IFRS 15.27 ar<span class=\"_ _0\"></span>e met, since the cus<span class=\"_ _0\"></span>tomer benefits fr<span class=\"_ _0\"></span>om the offer<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansportation service and the pr<span class=\"_ _4\"></span>omise<span class=\"_ _8\"></span> to tr<span class=\"_ _0\"></span>ansport the goods to the cus<span class=\"_ _0\"></span>tomer is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _4\"></span>om the production of these customiz<span class=\"_ _0\"></span>ed products.  <span class=\"_ _52\"> </span>Rev<span class=\"_ _0\"></span>enue for or<span class=\"_ _0\"></span>ders of standar<span class=\"_ _0\"></span>dized pr<span class=\"_ _4\"></span>oducts (i.e. hollow s<span class=\"_ _0\"></span>tructur<span class=\"_ _0\"></span>al sections, wires and non-cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pow<span class=\"_ _4\"></span>er<span class=\"_ _8\"></span> &amp; telecom cables<span class=\"_ _4\"></span>) is recognized at a specific point in time and tr<span class=\"_ _4\"></span>ansportation is not considered a separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e performance obliga<span class=\"_ _0\"></span>tion, since the second crit<span class=\"_ _0\"></span>erion of IFRS 15.27 is not met. \u2022 <span class=\"_ _23\"> </span>Some c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts with customers in<span class=\"_ _4\"></span>volve a v<span class=\"_ _4\"></span>ariable transaction cost as the<span class=\"_ _0\"></span>y include a v<span class=\"_ _0\"></span>olume or tr<span class=\"_ _0\"></span>ade discount based on the total sales to the cus<span class=\"_ _0\"></span>tomer within a time period. In such case r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised based on the anticipated sales t<span class=\"_ _0\"></span>o the customer thr<span class=\"_ _4\"></span>oughout the year<span class=\"_ _4\"></span>, as these sales are r<span class=\"_ _0\"></span>ealized and ne<span class=\"_ _4\"></span>w orders are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> and up to an e<span class=\"_ _0\"></span>xtent it is highly pr<span class=\"_ _4\"></span>obable that a significant rev<span class=\"_ _4\"></span>ersal of cumulative r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue recognised will not be needed. 8. Income and e<span class=\"_ _4\"></span>xpenses<span class=\"_ _8\"></span> A. Other income  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Gov<span class=\"_ _4\"></span>ernment grants / subsidies <span class=\"_ _56\"> </span> <span class=\"_ _104\"> </span>133 <span class=\"_ _105\"> </span>4<span class=\"_ _0\"></span>77  Rental income <span class=\"_ _106\"> </span> <span class=\"_ _103\"> </span>667 <span class=\"_ _105\"> </span>529  Income fr<span class=\"_ _0\"></span>om fees, commis<span class=\"_ _0\"></span>sions &amp; costs r<span class=\"_ _0\"></span>echar<span class=\"_ _0\"></span>ged <span class=\"_ _c7\"> </span> <span class=\"_ _102\"> </span>3,5<span class=\"_ _4\"></span>75 <span class=\"_ _107\"> </span>4,406  Indemnities and income fr<span class=\"_ _0\"></span>om claims <span class=\"_ _e5\"> </span> <span class=\"_ _c6\"> </span>24 <span class=\"_ _108\"> </span>168  Indemnity from insur<span class=\"_ _4\"></span>ance company for damage   compensation r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>act with customer <span class=\"_ _d0\"> </span> <span class=\"_ _109\"> </span>280 <span class=\"_ _10a\"> </span>-  Gain from disposal of pr<span class=\"_ _0\"></span>operty<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _104\"> </span>34<span class=\"_ _0\"></span>1 <span class=\"_ _10c\"> </span>8  Amortization of grants <span class=\"_ _10d\"> </span>28 <span class=\"_ _10e\"> </span>1,<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>4 <span class=\"_ _c6\"> </span>728  Other <span class=\"_ _10f\"> </span> <span class=\"_ _103\"> </span>586 <span class=\"_ _105\"> </span>82<span class=\"_ _0\"></span>4  Other Income <span class=\"_ _110\"> </span> <span class=\"_ _111\"> </span>6,780 <span class=\"_ _112\"> </span>7<span class=\"_ _1\"></span>,14<span class=\"_ _0\"></span>1The line \u201cGo<span class=\"_ _4\"></span>vernment grants\u201d in 20<span class=\"_ _0\"></span>21 includes an amount of EUR 459 thousand r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o reliefs pr<span class=\"_ _4\"></span>ovided by local legislation as a result of measur<span class=\"_ _4\"></span>es taken due to the cor<span class=\"_ _4\"></span>onavirus pandemic.  B. Other expenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Loss fr<span class=\"_ _0\"></span>om write-offs of Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _113\"> </span>17 <span class=\"_ _114\"> </span>(53) <span class=\"_ _115\"> </span>(14)  Loss fr<span class=\"_ _0\"></span>om disposal of propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _116\"> </span>(1) <span class=\"_ _10a\"> </span>-  Expenses rechar<span class=\"_ _0\"></span>ged <span class=\"_ _117\"> </span> <span class=\"_ _b1\"> </span>(2,830) <span class=\"_ _118\"> </span>(4,044)  Indemnities and claims <span class=\"_ _ef\"> </span> <span class=\"_ _119\"> </span>- <span class=\"_ _11a\"> </span>(32)  Damage compensation to cus<span class=\"_ _0\"></span>tomer <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>(515) <span class=\"_ _10a\"> </span>-  Other penalties <span class=\"_ _11d\"> </span> <span class=\"_ _102\"> </span>(180) <span class=\"_ _109\"> </span>(319)  Pro<span class=\"_ _0\"></span>vision for antidumping duties <span class=\"_ _df\"> </span>29 <span class=\"_ _119\"> </span>-  <span class=\"_ _af\"> </span>(12,842)  Incremental c<span class=\"_ _0\"></span>orona<span class=\"_ _0\"></span>virus cos<span class=\"_ _0\"></span>ts <span class=\"_ _11e\"> </span> <span class=\"_ _ce\"> </span>(412) <span class=\"_ _11f\"> </span>(669)  Loss fr<span class=\"_ _0\"></span>om disposal of associat<span class=\"_ _0\"></span>e <span class=\"_ _120\"> </span>21 <span class=\"_ _ce\"> </span>(156) <span class=\"_ _10a\"> </span>-  Impairment on property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _121\"> </span>17 <span class=\"_ _118\"> </span>(1,222) <span class=\"_ _10a\"> </span>-  Other <span class=\"_ _10f\"> </span> <span class=\"_ _122\"> </span>(1,37<span class=\"_ _0\"></span>5) <span class=\"_ _109\"> </span>(613)  Other expenses <span class=\"_ _82\"> </span> <span class=\"_ _b1\"> </span>(6,7<span class=\"_ _1\"></span>45) <span class=\"_ _ad\"> </span>(18,534) In 2013, Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks manufactur<span class=\"_ _0\"></span>ed and supplied pipes for a pipeline in Fr<span class=\"_ _4\"></span>ance. During 2015, the Fr<span class=\"_ _0\"></span>ench client filed a quality claim against Corinth Pipe<span class=\"_ _4\"></span>works, its insurers and the subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in char<span class=\"_ _0\"></span>ge for the w<span class=\"_ _0\"></span>elding of the pipeline. The c<span class=\"_ _0\"></span>ommer<span class=\"_ _0\"></span>cial court of Paris r<span class=\"_ _4\"></span>endered its decision on 7 July 2022 and ruled that Corinth Pipe<span class=\"_ _4\"></span>works should be held liable for the lat<span class=\"_ _0\"></span>ent defects affecting the pipes it deliv<span class=\"_ _4\"></span>ered to its Fr<span class=\"_ _0\"></span>ench cust<span class=\"_ _0\"></span>omer but that the latt<span class=\"_ _0\"></span>er was also r<span class=\"_ _0\"></span>esponsible for its o<span class=\"_ _4\"></span>wn loss. Consequently<span class=\"_ _4\"></span>, given that 20<span class=\"_ _0\"></span>13 sales wer<span class=\"_ _4\"></span>e fully insured, Corinth Pipe<span class=\"_ _0\"></span>works rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded a liability of EUR 515 thousand during 2022 (included as distinct it<span class=\"_ _0\"></span>em in the line \u2018Damage compensation t<span class=\"_ _0\"></span>o customer\u2019) that corr<span class=\"_ _0\"></span>esponds to its maximum e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e for that specific claim, while an inc<span class=\"_ _0\"></span>ome of EUR 280 thousand (included in the line \u2018Other income\u2019) w<span class=\"_ _0\"></span>as rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an equal indemnity fr<span class=\"_ _0\"></span>om an insuranc<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y for the c<span class=\"_ _0\"></span>ertain case was r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed.During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>vementioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) and is included as distinct item in \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019 line for the year 20<span class=\"_ _0\"></span>21, as it r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o sales performed in pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ears. C. Expenses by natur<span class=\"_ _0\"></span>e  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) The incr<span class=\"_ _0\"></span>ease in \u201c\u03a4hir<span class=\"_ _0\"></span>d party fees and benefits\u201d is at<span class=\"_ _0\"></span>tributed mainly t<span class=\"_ _0\"></span>o project-r<span class=\"_ _4\"></span>elated services offer<span class=\"_ _0\"></span>ed during 2022 compar<span class=\"_ _4\"></span>ed to prior year b<span class=\"_ _0\"></span>y subcontr<span class=\"_ _0\"></span>actors. T<span class=\"_ _4\"></span>he increase is attributed t<span class=\"_ _0\"></span>o both segments as in 2022 st<span class=\"_ _0\"></span>eel pipes segment used subcontr<span class=\"_ _0\"></span>actors f<span class=\"_ _0\"></span>or coating servic<span class=\"_ _0\"></span>es in the cont<span class=\"_ _0\"></span>ext of as<span class=\"_ _0\"></span>signed pr<span class=\"_ _0\"></span>ojects, while the installation services in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of turnk<span class=\"_ _0\"></span>ey c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts ex<span class=\"_ _4\"></span>ecuted by subsidiaries in the cables segment during 2022 w<span class=\"_ _4\"></span>ere significantly higher compar<span class=\"_ _0\"></span>ed to 20<span class=\"_ _0\"></span>21. Specifically<span class=\"_ _4\"></span>, during 2022 the installation f<span class=\"_ _0\"></span>or the submarine inter<span class=\"_ _0\"></span>connection of Nax<span class=\"_ _0\"></span>os-Santorini, medium v<span class=\"_ _0\"></span>oltage inter<span class=\"_ _4\"></span>connections in sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al locations in Gr<span class=\"_ _0\"></span>eece and se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>eral onshor<span class=\"_ _4\"></span>e projects wer<span class=\"_ _4\"></span>e undertaken by subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in Cables segment. During 2021, installa<span class=\"_ _0\"></span>tion services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of cables projects as<span class=\"_ _0\"></span>signed to subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors w<span class=\"_ _0\"></span>ere mor<span class=\"_ _4\"></span>e limited in the onshore cables business, while only one major offshore ins<span class=\"_ _0\"></span>tallation took plac<span class=\"_ _0\"></span>e, i.<span class=\"_ _0\"></span>e. the final installation phase f<span class=\"_ _0\"></span>or the inter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onnection of the Cret<span class=\"_ _0\"></span>e \u2013 Peloponese inter<span class=\"_ _0\"></span>connection.The fluctuation in tr<span class=\"_ _4\"></span>ansportation costs relat<span class=\"_ _0\"></span>e to the geogr<span class=\"_ _4\"></span>aphical mix of sales and volume of deliv<span class=\"_ _0\"></span>eries in steel pipes segment that took plac<span class=\"_ _0\"></span>e in 2022 compar<span class=\"_ _4\"></span>ed to 2021. As mentioned in note 7<span class=\"_ _1\"></span>.F<span class=\"_ _4\"></span>, when certain criteria ar<span class=\"_ _0\"></span>e met, transportation is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as a separa<span class=\"_ _0\"></span>te performanc<span class=\"_ _0\"></span>e obligation and the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when such performance obliga<span class=\"_ _0\"></span>tions are fulfilled. Cener<span class=\"_ _0\"></span>gy Holdings significantly inv<span class=\"_ _4\"></span>ests in resear<span class=\"_ _0\"></span>ch and dev<span class=\"_ _4\"></span>elopment in order to continuously bring v<span class=\"_ _4\"></span>alue-added<span class=\"_ _8\"></span> products and servic<span class=\"_ _0\"></span>es to the mark<span class=\"_ _0\"></span>et and impr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e production pr<span class=\"_ _4\"></span>ocesses, as well as t<span class=\"_ _0\"></span>o promot<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>erials rec<span class=\"_ _0\"></span>ycling and the proper use of natur<span class=\"_ _4\"></span>al resourc<span class=\"_ _0\"></span>es. The aggr<span class=\"_ _4\"></span>egate amount of resear<span class=\"_ _0\"></span>ch and de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment expenditur<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as an e<span class=\"_ _0\"></span>xpense for 2022 amounts t<span class=\"_ _0\"></span>o EUR 5.5 million (2021: EUR 4.<span class=\"_ _0\"></span>0 million). 12. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit e<span class=\"_ _0\"></span>xpenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Employ<span class=\"_ _4\"></span>ee remuneration &amp; e<span class=\"_ _0\"></span>xpenses <span class=\"_ _110\"> </span>71,326 <span class=\"_ _af\"> </span>58,<span class=\"_ _0\"></span>095  Social security expenses <span class=\"_ _167\"> </span>12,57<span class=\"_ _0\"></span>8 <span class=\"_ _c7\"> </span>9,96<span class=\"_ _0\"></span>7  Defined benefit plan <span class=\"_ _168\"> </span>942 <span class=\"_ _c9\"> </span>2,130  Other <span class=\"_ _169\"> </span>7<span class=\"_ _4\"></span>,527 <span class=\"_ _c7\"> </span>5,538  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 Employ<span class=\"_ _4\"></span>ee benefits were alloca<span class=\"_ _0\"></span>ted as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cost of goods sold <span class=\"_ _16a\"> </span>70<span class=\"_ _0\"></span>,803 <span class=\"_ _a6\"> </span>55,017  Distribution e<span class=\"_ _0\"></span>xpenses <span class=\"_ _16b\"> </span>9,584 <span class=\"_ _16c\"> </span>9,0<span class=\"_ _0\"></span>11  Administr<span class=\"_ _4\"></span>ative expenses <span class=\"_ _16d\"> </span>9,94<span class=\"_ _0\"></span>7 <span class=\"_ _c9\"> </span>9<span class=\"_ _0\"></span>,619  Capitalised in assets under construction <span class=\"_ _16e\"> </span>2,039 <span class=\"_ _10b\"> </span>2,083  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 The number of emplo<span class=\"_ _4\"></span>yees, as well as their pr<span class=\"_ _4\"></span>ofile and gender<span class=\"_ _0\"></span>, emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _4\"></span>oup is presented in the follo<span class=\"_ _4\"></span>wing<span class=\"_ _8\"></span> tables:   <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _16f\"> </span>2,691 <span class=\"_ _e8\"> </span>2,285  <span class=\"_ _170\"> </span>18 - 30 <span class=\"_ _13f\"> </span>30-50 <span class=\"_ _ec\"> </span>51+ <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Male <span class=\"_ _95\"> </span>334 <span class=\"_ _aa\"> </span>1,436 <span class=\"_ _ad\"> </span>588 <span class=\"_ _c7\"> </span><span class=\"ff1a\">2,358</span>  Female <span class=\"_ _171\"> </span>61 <span class=\"_ _a6\"> </span>202 <span class=\"_ _c7\"> </span>70 <span class=\"_ _10e\"> </span><span class=\"ff1a\">333</span>  T<span class=\"_ _1\"></span>otal <span class=\"_ _144\"> </span>395 <span class=\"_ _c0\"> </span>1,638 <span class=\"_ _b1\"> </span>658 <span class=\"_ _111\"> </span>2,6<span class=\"_ _0\"></span>91  <span class=\"_ _172\"> </span>Office <span class=\"_ _8\"></span>employ<span class=\"_ _0\"></span>ees<span class=\"_ _d\"></span>   <span class=\"_ _173\"> </span>&amp; profes<span class=\"_ _0\"></span>sionals <span class=\"_ _174\"> </span>W<span class=\"_ _4\"></span>orkers <span class=\"_ _42\"> </span>Management <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _123\"> </span>548 <span class=\"_ _12e\"> </span>1,97<span class=\"_ _0\"></span>3 <span class=\"_ _ec\"> </span>17<span class=\"_ _0\"></span>0 <span class=\"_ _111\"> </span><span class=\"ff1a\">2,6<span class=\"_ _0\"></span>91<span class=\"ff19 fse\"> </span></span>C.<span class=\"_ _4\"></span>1. Credit risk<span class=\"_ _8\"></span> Credit risk is the risk of the financial los<span class=\"_ _0\"></span>s to Cener<span class=\"_ _4\"></span>gy Holdings if a customer or counterpart<span class=\"_ _0\"></span>y to a financial instrument fails to meet its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual obligations and arises principally fr<span class=\"_ _0\"></span>om the companies\u2019 r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables from customers and contr<span class=\"_ _0\"></span>act assets &amp; deposits with banks. The carrying amount of financial assets r<span class=\"_ _4\"></span>epresents the maximum credit e<span class=\"_ _4\"></span>xposure.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note  <span class=\"_ _c9\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Curr<span class=\"_ _0\"></span>ent <span class=\"_ _231\"> </span>15 <span class=\"_ _1d4\"> </span>192,769 <span class=\"_ _ec\"> </span>132,<span class=\"_ _0\"></span>040  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Non-curr<span class=\"_ _0\"></span>ent <span class=\"_ _1de\"> </span>15 <span class=\"_ _107\"> </span>1,227 <span class=\"_ _104\"> </span>1,<span class=\"_ _0\"></span>177  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _1ba\"> </span>7<span class=\"_ _4\"></span>.D <span class=\"_ _b5\"> </span>195,481 <span class=\"_ _102\"> </span>98,217  <span class=\"ff1c\">L<span class=\"_ _0\"></span>ess: </span> Other down pa<span class=\"_ _4\"></span>yments <span class=\"_ _24c\"> </span>15 <span class=\"_ _cb\"> </span>(3,17<span class=\"_ _0\"></span>8) <span class=\"_ _d0\"> </span>(624)  T<span class=\"_ _1\"></span>ax assets <span class=\"_ _ae\"> </span>15 <span class=\"_ _118\"> </span>(11,<span class=\"_ _0\"></span>610) <span class=\"_ _118\"> </span>(14,4<span class=\"_ _4\"></span>76)  Other receiv<span class=\"_ _0\"></span>ables <span class=\"_ _24d\"> </span>15 <span class=\"_ _af\"> </span>(18,910) <span class=\"_ _163\"> </span>(4,716)  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _12e\"> </span>355,77<span class=\"_ _0\"></span>8 <span class=\"_ _111\"> </span>211,617  Equity inv<span class=\"_ _4\"></span>estments at FVOCI  <span class=\"_ _24b\"> </span>22 <span class=\"_ _111\"> </span>6,308 <span class=\"_ _109\"> </span>5,812  Cash and cash equivalents <span class=\"_ _171\"> </span>16 <span class=\"_ _a6\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>160 <span class=\"_ _ec\"> </span>129,606  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _153\"> </span>23 <span class=\"_ _111\"> </span>16,612 <span class=\"_ _10e\"> </span>1,480  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _b3\"> </span>190,0<span class=\"_ _0\"></span>79 <span class=\"_ _ec\"> </span>136,899  Grand t<span class=\"_ _0\"></span>otal <span class=\"_ _24e\"> </span> <span class=\"_ _aa\"> </span>545,857 <span class=\"_ _ec\"> </span>348,516 a) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 On 31 December<span class=\"_ _1\"></span>, the aging of trade and other rec<span class=\"_ _0\"></span>eivables tha<span class=\"_ _0\"></span>t wer<span class=\"_ _4\"></span>e not impaired was as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Neither past due nor impaired <span class=\"_ _1d9\"> </span>343,965 <span class=\"_ _b3\"> </span>196,7<span class=\"_ _4\"></span>49  Over<span class=\"_ _0\"></span>due  - Up to 6 months <span class=\"_ _152\"> </span>10,800 <span class=\"_ _ec\"> </span>13,687  - Over 6 months <span class=\"_ _255\"> </span>1,013 <span class=\"_ _ce\"> </span>1,<span class=\"_ _0\"></span>182  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 Subsidiaries\u2019 management believ<span class=\"_ _4\"></span>es that the amounts that are past due up t<span class=\"_ _0\"></span>o 6 months and o<span class=\"_ _0\"></span>ver 6 months ar<span class=\"_ _4\"></span>e still<span class=\"_ _8\"></span> collectible in full, based on hist<span class=\"_ _0\"></span>orical payment beha<span class=\"_ _0\"></span>viour and e<span class=\"_ _0\"></span>xtensiv<span class=\"_ _4\"></span>e analysis of customer cr<span class=\"_ _0\"></span>edit risk, including underlying customers\u2019 cr<span class=\"_ _4\"></span>edit ratings, if they ar<span class=\"_ _4\"></span>e available. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, the remaining r<span class=\"_ _4\"></span>eceivables past due but not impair<span class=\"_ _0\"></span>ed mainly r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o leading industrial gr<span class=\"_ _0\"></span>oups, major public and priva<span class=\"_ _0\"></span>te utilities and major r<span class=\"_ _0\"></span>esellers. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies insur<span class=\"_ _0\"></span>e the majority of their r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables for default. On 31 December 2022, 85.9% of the balances o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed by c<span class=\"_ _0\"></span>ounterparties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed. The mo<span class=\"_ _4\"></span>vement in impairment of trade and other r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets is as follow<span class=\"_ _0\"></span>s:  <span class=\"_ _1d3\"> </span> 2022 <span class=\"_ _8b\"> </span> <span class=\"_ _f3\"> </span> 2021 <span class=\"_ _29\"> </span>  <span class=\"_ _120\"> </span> Amounts in EUR thousand <span class=\"_ _fb\"> </span>T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _4\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _0\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _d0\"> </span>26,031 <span class=\"_ _46\"> </span>318 <span class=\"_ _193\"> </span>26,349 <span class=\"_ _e4\"> </span>24,390 <span class=\"_ _9a\"> </span>143 <span class=\"_ _64\"> </span>24,533  Impairment loss rec<span class=\"_ _0\"></span>ognized <span class=\"_ _221\"> </span>450 <span class=\"_ _18b\"> </span>12 <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463<span class=\"_ _8\"></span></span><span class=\"wsbd\"> <span class=\"_ _35\"> </span>46 175 <span class=\"_ _30\"></span><span class=\"ff1a ws1\">220<span class=\"ff19\"> </span></span></span> Impairment loss re<span class=\"_ _4\"></span>versed <span class=\"_ _b7\"> </span>(38) <span class=\"_ _83\"> </span>(127) <span class=\"_ _3c\"> </span><span class=\"ff1a\">(165)</span><span class=\"wsbe\"> <span class=\"_ _5\"> </span>(168) - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">(168) </span></span> Rev<span class=\"_ _0\"></span>ersal of / (Impairment loss<span class=\"_ _0\"></span>)   on receiv<span class=\"_ _0\"></span>ables and contract as<span class=\"_ _0\"></span>sets <span class=\"_ _40\"> </span>412 <span class=\"_ _4c\"> </span>(115) <span class=\"_ _83\"> </span><span class=\"ff1a ls50 ws69\">297</span><span class=\"wsbf\"> <span class=\"_ _258\"> </span>(122) 175 <span class=\"_ _1\"></span><span class=\"ff1a ls85 ws6d\">53<span class=\"ff1c ls5 ws1\"> </span></span></span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _20c\"> </span>(153) <span class=\"_ _3e\"> </span>- <span class=\"_ _3c\"> </span><span class=\"ff1a\">(153)</span><span class=\"wsbe\"> <span class=\"_ _2b\"> </span>(14) - <span class=\"_ _238\"></span><span class=\"ff1a ws1\">(14) </span></span> For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _234\"> </span>1,255 <span class=\"_ _3e\"> </span>- <span class=\"_ _25a\"> </span><span class=\"ff1a\">1,255</span><span class=\"wsbe\"> <span class=\"_ _c\"> </span>1,<span class=\"_ _0\"></span>777 - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">1,777 </span></span> Balance on 31 December <span class=\"_ _221\"> </span>27<span class=\"_ _4\"></span>,545 <span class=\"_ _43\"> </span>203 <span class=\"_ _4e\"> </span>27<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>48 <span class=\"_ _8f\"> </span>26,031 <span class=\"_ _43\"> </span>318 <span class=\"_ _193\"> </span>26,349The allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ance for e<span class=\"_ _4\"></span>xpected credit losses f<span class=\"_ _0\"></span>or trade r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets are calculated a<span class=\"_ _0\"></span>t individual lev<span class=\"_ _4\"></span>el<span class=\"_ _8\"></span> when there is an indication of impairment. F<span class=\"_ _4\"></span>or receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets without an<span class=\"_ _0\"></span>y indication of impairment the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e based on the historical cr<span class=\"_ _4\"></span>edit loss experience c<span class=\"_ _0\"></span>ombined with forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-looking information in macr<span class=\"_ _0\"></span>oeconomic f<span class=\"_ _0\"></span>actors eff<span class=\"_ _0\"></span>ecting the credit risk, such as c<span class=\"_ _0\"></span>ountry risk and cust<span class=\"_ _0\"></span>omers\u2019 industry r<span class=\"_ _0\"></span>elated risks. The rising inflation and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e also tak<span class=\"_ _0\"></span>en into consider<span class=\"_ _4\"></span>ation when calculating expected cr<span class=\"_ _4\"></span>edit<span class=\"_ _8\"></span> losses for the curr<span class=\"_ _0\"></span>ent y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, without any significant impact on the impairment loss rec<span class=\"_ _0\"></span>ognized. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 b) Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies held cash and cash equiv<span class=\"_ _0\"></span>alents of EUR 16<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,160 thousand on 31 Dec<span class=\"_ _0\"></span>ember 2022. The cash and cash equiv<span class=\"_ _0\"></span>alents ar<span class=\"_ _0\"></span>e held with bank and financial institution count<span class=\"_ _0\"></span>erparties, which ar<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ted fr<span class=\"_ _0\"></span>om AA<span class=\"_ _4\"></span>-<span class=\"_ _8\"></span> to B based on r<span class=\"_ _0\"></span>atings of Fitch. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-125-4": {
   "value": "5.<span class=\"_ _4\"></span>19 Operating profit Operating pr<span class=\"_ _4\"></span>ofit is the result generat<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om the continuing principal r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue-producing activities of C<span class=\"_ _0\"></span>energy Holdings, as well as other inc<span class=\"_ _0\"></span>ome and e<span class=\"_ _0\"></span>xpenses rela<span class=\"_ _0\"></span>ted to oper<span class=\"_ _4\"></span>ating activities. Operating pr<span class=\"_ _0\"></span>ofit ex<span class=\"_ _4\"></span>cludes net finance costs, shar<span class=\"_ _4\"></span>e of profit of equity-acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees and income tax<span class=\"_ _4\"></span>es.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-128-4": {
   "value": "The best e<span class=\"_ _4\"></span>vidence of the fair value of a financial ins<span class=\"_ _0\"></span>trument on initial r<span class=\"_ _0\"></span>ecognition is normally the tr<span class=\"_ _0\"></span>ansaction price \u2013 i.e. the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of the consider<span class=\"_ _0\"></span>ation giv<span class=\"_ _0\"></span>en or r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed. If Cenergy Holdings determines that the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition differs fr<span class=\"_ _0\"></span>om the tr<span class=\"_ _0\"></span>ansaction price and the f<span class=\"_ _0\"></span>air value is e<span class=\"_ _4\"></span>videnced neither by a quoted pric<span class=\"_ _0\"></span>e in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or an identical asset or liability nor based on a v<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echnique for which any unobserv<span class=\"_ _4\"></span>able inputs<span class=\"_ _8\"></span> are judged t<span class=\"_ _0\"></span>o be insignificant in r<span class=\"_ _0\"></span>elation to the measur<span class=\"_ _0\"></span>ement, then the financial instrument is initially measur<span class=\"_ _0\"></span>ed at fair v<span class=\"_ _0\"></span>alue, adjust<span class=\"_ _0\"></span>ed to def<span class=\"_ _0\"></span>er the differ<span class=\"_ _0\"></span>ence bet<span class=\"_ _0\"></span>ween the f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue on initial rec<span class=\"_ _0\"></span>ognition and the tr<span class=\"_ _0\"></span>ansaction price. Subsequently<span class=\"_ _4\"></span>, that differ<span class=\"_ _0\"></span>ence is r<span class=\"_ _4\"></span>ecognised in profit or loss on an appr<span class=\"_ _0\"></span>opriat<span class=\"_ _0\"></span>e basis o<span class=\"_ _0\"></span>ver the lif<span class=\"_ _0\"></span>e of the instrument but no later than when the v<span class=\"_ _0\"></span>aluation is wholly support<span class=\"_ _0\"></span>ed by observ<span class=\"_ _4\"></span>able market data or the transaction is closed out. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognisingDifferenceBetweenFairValueAtInitialRecognitionAndAmountDeterminedUsingValuationTechniqueExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-2": {
   "value": "5.21 New s<span class=\"_ _0\"></span>tandards, amendments to s<span class=\"_ _0\"></span>tandards and interpr<span class=\"_ _0\"></span>etations A number of new or amended s<span class=\"_ _0\"></span>tandards became applicable f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent financial year and subsequent y<span class=\"_ _4\"></span>ears.<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has applied all of the ne<span class=\"_ _0\"></span>w standar<span class=\"_ _0\"></span>ds, interpr<span class=\"_ _0\"></span>etations and amendments t<span class=\"_ _0\"></span>o exis<span class=\"_ _0\"></span>ting standar<span class=\"_ _0\"></span>ds that w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> mandatory f<span class=\"_ _0\"></span>or the first time in the fiscal y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and none of the ne<span class=\"_ _0\"></span>w or amended standar<span class=\"_ _0\"></span>ds and interpr<span class=\"_ _0\"></span>etations has had mat<span class=\"_ _0\"></span>erial impact on rec<span class=\"_ _0\"></span>ognition and measur<span class=\"_ _0\"></span>ement in the Consolidated Financial S<span class=\"_ _0\"></span>tatements. Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for the current financial y<span class=\"_ _0\"></span>ear The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments to standar<span class=\"_ _4\"></span>ds are mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e been endorsed by the European Union.  Amendments to IFRS 3 Business C<span class=\"_ _0\"></span>ombinations; IAS 16 Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant and Equipment; IAS 37 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and Contingent Assets as w<span class=\"_ _4\"></span>ell as Annual Improv<span class=\"_ _4\"></span>ements<span class=\"ff19\"> (effectiv<span class=\"_ _0\"></span>e for annual periods </span>beginning on or after 1 January 2022) The package of amendments includes narr<span class=\"_ _4\"></span>ow-scope amendments t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>ee Standards as w<span class=\"_ _4\"></span>ell as the Board\u2019s Annual Impro<span class=\"_ _4\"></span>vements, which are changes tha<span class=\"_ _0\"></span>t clarify the wor<span class=\"_ _4\"></span>ding or correct minor consequenc<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersights or conflicts between r<span class=\"_ _4\"></span>equirements in the Standards. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IFRS 3 Business Combinations<span class=\"ff19\"> upda<span class=\"_ _0\"></span>te a r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in IFRS 3 to the Conc<span class=\"_ _0\"></span>eptual Fr<span class=\"_ _0\"></span>amew<span class=\"_ _4\"></span>ork for<span class=\"_ _8\"></span> </span></span>Financial Reporting without changing the acc<span class=\"_ _0\"></span>ounting r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or business combina<span class=\"_ _0\"></span>tions. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 16 Property<span class=\"_ _1\"></span>, Plant and Equipment<span class=\"ff19\"> prohibit a c<span class=\"_ _0\"></span>ompany fr<span class=\"_ _0\"></span>om deducting fr<span class=\"_ _0\"></span>om the cos<span class=\"_ _0\"></span>t of </span></span>property<span class=\"_ _1\"></span>, plant and equipment amounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed from selling it<span class=\"_ _0\"></span>ems pr<span class=\"_ _0\"></span>oduced while the c<span class=\"_ _0\"></span>ompany is pr<span class=\"_ _0\"></span>eparing the asset for its int<span class=\"_ _0\"></span>ended use. Inst<span class=\"_ _0\"></span>ead, a compan<span class=\"_ _0\"></span>y will rec<span class=\"_ _0\"></span>ognise such sales pr<span class=\"_ _0\"></span>oceeds and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed cost in pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 3<span class=\"_ _0\"></span>7 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and C<span class=\"_ _0\"></span>ontingent Assets<span class=\"ff19\"> specify which cos<span class=\"_ _0\"></span>ts a </span></span>company includes when as<span class=\"_ _0\"></span>sessing whether a c<span class=\"_ _0\"></span>ontract will be los<span class=\"_ _0\"></span>s-making. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Annual Impro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ements 2018-2020<span class=\"ff19\"> mak<span class=\"_ _0\"></span>e minor amendments to IFRS 1 Firs<span class=\"_ _0\"></span>t-time Adoption of Int<span class=\"_ _0\"></span>ernational </span></span>Financial Reporting Standar<span class=\"_ _0\"></span>ds, IFRS 9 Financial Instruments, IA<span class=\"_ _0\"></span>S 41 A<span class=\"_ _0\"></span>gricultur<span class=\"_ _0\"></span>e and the Illustr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Examples accompan<span class=\"_ _0\"></span>ying IFRS 16 Leases. IFRS 16 (Amendment) \u2018Co<span class=\"_ _0\"></span>vid-<span class=\"_ _0\"></span>19-Relat<span class=\"_ _0\"></span>ed Rent Conc<span class=\"_ _0\"></span>essions\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e for annual periods beginning on or after 1 </span>April 2021) The amendments e<span class=\"_ _0\"></span>xtend, b<span class=\"_ _4\"></span>y one year<span class=\"_ _4\"></span>, the May 2020 amendment tha<span class=\"_ _0\"></span>t pro<span class=\"_ _4\"></span>vides lessees with an ex<span class=\"_ _0\"></span>emption fr<span class=\"_ _0\"></span>om assessing whether a C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _4\"></span>19-related r<span class=\"_ _0\"></span>ent conc<span class=\"_ _0\"></span>ession is a lease modification. In particular<span class=\"_ _1\"></span>, the amendment permits<span class=\"_ _8\"></span> a lessee to apply the pr<span class=\"_ _4\"></span>actical expedient regar<span class=\"_ _0\"></span>ding C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _0\"></span>19-r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>ent concessions to r<span class=\"_ _4\"></span>ent concessions for which any r<span class=\"_ _0\"></span>eduction in lease payments aff<span class=\"_ _0\"></span>ects only payments originally due on or bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e 30 June 2022 (r<span class=\"_ _0\"></span>ather than only payments originally due on or bef<span class=\"_ _0\"></span>ore 30 June 20<span class=\"_ _0\"></span>21).  Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for subsequent periods<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments hav<span class=\"_ _4\"></span>e been issued and endorsed by the Eur<span class=\"_ _0\"></span>opean Union but are not mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2022. The follo<span class=\"_ _0\"></span>wing amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 \u2018Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements: Classification of Liabilities as curr<span class=\"_ _0\"></span>ent or non-current\u2019<span class=\"ff19 ls5\"> </span>(eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e 01 January 2023), aff<span class=\"_ _0\"></span>ect only the pr<span class=\"_ _0\"></span>esentation of liabilities in the stat<span class=\"_ _0\"></span>ement of financial position \u2014 not the amount or timing of rec<span class=\"_ _0\"></span>ognition of any as<span class=\"_ _0\"></span>set, liability income or e<span class=\"_ _0\"></span>xpenses, or the informa<span class=\"_ _0\"></span>tion that entities disclose about those items. T<span class=\"_ _0\"></span>hey: \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t the classification of liabilities as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent should be based on rights that ar<span class=\"_ _0\"></span>e in exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e at the end of the r<span class=\"_ _0\"></span>eporting period and align the wor<span class=\"_ _4\"></span>ding in all affected paragr<span class=\"_ _0\"></span>aphs to r<span class=\"_ _4\"></span>efer to the \u201cright\u201d to defer settlement b<span class=\"_ _4\"></span>y at least twelv<span class=\"_ _0\"></span>e months and mak<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xplicit that only rights in place \u201ca<span class=\"_ _0\"></span>t the end of the reporting period\u201d should aff<span class=\"_ _0\"></span>ect the classification of a liability; \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t classification is unaffect<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpectations about whether an entity will e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise its right t<span class=\"_ _0\"></span>o defer settlement of a liability; and mak<span class=\"_ _0\"></span>e clear that settlement r<span class=\"_ _0\"></span>efers t<span class=\"_ _0\"></span>o the transf<span class=\"_ _0\"></span>er to the c<span class=\"_ _0\"></span>ounterparty of cash, equit<span class=\"_ _0\"></span>y instruments, other assets or servic<span class=\"_ _0\"></span>es. Amendments to IAS 8 A<span class=\"_ _4\"></span>ccounting policies, Changes in Ac<span class=\"_ _0\"></span>counting Es<span class=\"_ _0\"></span>timates and Err<span class=\"_ _0\"></span>ors: Definition of Ac<span class=\"_ _0\"></span>counting Estimates<span class=\"ff19 ws1\"> (<span class=\"_ _4\"></span>effective 1 January 20<span class=\"_ _0\"></span>23).  </span>The amendment t<span class=\"_ _0\"></span>o IAS 8, \u2018<span class=\"_ _1\"></span>Acc<span class=\"_ _0\"></span>ounting Policies, Changes in A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ounting Estimat<span class=\"_ _0\"></span>es and Errors\u2019, clarifies ho<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span> companies should distinguish changes in ac<span class=\"_ _0\"></span>counting policies fr<span class=\"_ _0\"></span>om changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es. The amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IAS 12 Inc<span class=\"_ _0\"></span>ome T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>es: Deferred T<span class=\"_ _1\"></span>ax rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o Assets and Liabilities arising from a Single T<span class=\"_ _4\"></span>ransaction<span class=\"ff19 ws1\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e 1 January 2023). </span>The amendments clarify ho<span class=\"_ _0\"></span>w companies ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or deferr<span class=\"_ _0\"></span>ed tax on tr<span class=\"_ _0\"></span>ansactions such as leases and decommissioning obligations. T<span class=\"_ _4\"></span>he main change in the amendments is an exemption fr<span class=\"_ _4\"></span>om the initial recognition ex<span class=\"_ _4\"></span>emption of IAS 12.<span class=\"_ _0\"></span>15(b<span class=\"_ _0\"></span>) and IAS 12.2<span class=\"_ _4\"></span>4. Accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>, the initial recognition e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption does not apply to transactions in which equal amounts of deductible and tax<span class=\"_ _0\"></span>able tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences arise on initial recognition. The amendments ar<span class=\"_ _0\"></span>e effectiv<span class=\"_ _4\"></span>e for annual reporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Early adoption is permitted. IFRS 17 \u2018Insuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2023).<span class=\"_ _8\"></span>  </span>This standar<span class=\"_ _4\"></span>d replaces IFRS 4, which curr<span class=\"_ _0\"></span>ently permits a wide v<span class=\"_ _0\"></span>ariety of pr<span class=\"_ _0\"></span>actices in acc<span class=\"_ _0\"></span>ounting for insur<span class=\"_ _4\"></span>ance<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>acts. IFRS 17 will fundamentally change the acc<span class=\"_ _0\"></span>ounting by all entities tha<span class=\"_ _0\"></span>t issue insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts and inv<span class=\"_ _4\"></span>estment contracts with discr<span class=\"_ _0\"></span>etionary participation fea<span class=\"_ _0\"></span>tures. On 17 Mar<span class=\"_ _4\"></span>ch 2020, IASB decided t<span class=\"_ _0\"></span>o defer the effectiv<span class=\"_ _0\"></span>e date t<span class=\"_ _0\"></span>o annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 2023. T<span class=\"_ _4\"></span>he endorsement includes the<span class=\"_ _8\"></span> amendments issued b<span class=\"_ _0\"></span>y the Board in June 20<span class=\"_ _0\"></span>20, which ar<span class=\"_ _4\"></span>e aimed at helping companies implement the Standard and making it easier for them to e<span class=\"_ _4\"></span>xplain their financial performance.The EU r<span class=\"_ _0\"></span>egulation pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an optional e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption from applying the annual c<span class=\"_ _0\"></span>ohort r<span class=\"_ _0\"></span>equirement tha<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>es to the timing of the rec<span class=\"_ _0\"></span>ognition of the pr<span class=\"_ _0\"></span>ofit in the contr<span class=\"_ _0\"></span>act, the contr<span class=\"_ _0\"></span>actual service mar<span class=\"_ _4\"></span>gin, in profit or loss. Entities making use of the ex<span class=\"_ _4\"></span>emption are not applying IFRSs as issued b<span class=\"_ _0\"></span>y the IASB and need t<span class=\"_ _0\"></span>o disclose the fact. Amendments to IFRS 17 Insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts: Initial Applica<span class=\"_ _0\"></span>tion of IFRS 17 and IFRS 9 \u2013 Compar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Information<span class=\"ff19 ls5\"> </span>(issued on 9 December 20<span class=\"_ _0\"></span>21, effectiv<span class=\"_ _0\"></span>e 1 January 2023).  The amendment is a tr<span class=\"_ _0\"></span>ansition option r<span class=\"_ _0\"></span>elating to c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e information about financial as<span class=\"_ _0\"></span>sets present<span class=\"_ _0\"></span>ed on initial application of IFRS 17<span class=\"_ _1\"></span>. The amendment is aimed at helping entities to a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oid tempor<span class=\"_ _0\"></span>ary acc<span class=\"_ _0\"></span>ounting mismatches between financial as<span class=\"_ _0\"></span>sets and insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontract liabilities, and ther<span class=\"_ _4\"></span>efore impr<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>e the usefulness of compara<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e information for users of financial s<span class=\"_ _0\"></span>tatements. The f<span class=\"_ _0\"></span>ollowing amendments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been issued but ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>ory for the first time f<span class=\"_ _0\"></span>or the financial y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e not been endorsed by the European Union. T<span class=\"_ _4\"></span>he following amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements and IFRS Practic<span class=\"_ _0\"></span>e Stat<span class=\"_ _0\"></span>ement 2: Disclosure of Ac<span class=\"_ _0\"></span>counting policies<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2023).  </span>The amendments aim t<span class=\"_ _0\"></span>o impro<span class=\"_ _4\"></span>ve acc<span class=\"_ _0\"></span>ounting policy disclosur<span class=\"_ _0\"></span>es and to help users of the financial sta<span class=\"_ _0\"></span>tements to distinguish betw<span class=\"_ _0\"></span>een changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es and changes in acc<span class=\"_ _0\"></span>ounting policies. The IA<span class=\"_ _0\"></span>S 1 amendment requir<span class=\"_ _4\"></span>es companies to disclose their material ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation r<span class=\"_ _0\"></span>ather than their significant acc<span class=\"_ _0\"></span>ounting policies. Further<span class=\"_ _4\"></span>, the amendment to IAS 1 clarifies tha<span class=\"_ _0\"></span>t immaterial ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation need not be disclosed. T<span class=\"_ _1\"></span>o support this amendment, the Board also amended IFRS Pr<span class=\"_ _4\"></span>actice Statement 2, \u2018Making Mat<span class=\"_ _0\"></span>eriality Judgements\u2019, to pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vide guidance on ho<span class=\"_ _0\"></span>w to apply the c<span class=\"_ _0\"></span>oncept of mat<span class=\"_ _0\"></span>eriality t<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ounting policy disclosures. T<span class=\"_ _4\"></span>he<span class=\"_ _8\"></span> amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IFRS 16 Leases: L<span class=\"_ _0\"></span>ease Liability in a Sale and Leaseback<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2024). </span>The amendments e<span class=\"_ _0\"></span>xplain ho<span class=\"_ _0\"></span>w an entity acc<span class=\"_ _0\"></span>ounts for a sale and leaseback aft<span class=\"_ _0\"></span>er the date of the tr<span class=\"_ _4\"></span>ansaction,<span class=\"_ _8\"></span> specifically where some or all the lease pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e variable lease pa<span class=\"_ _4\"></span>yments that do not depend on an index or rat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y stat<span class=\"_ _0\"></span>e that, in subsequently measuring the lease liability<span class=\"_ _1\"></span>, the seller-lessee determines \u2018lease payments\u2019 and \u2018re<span class=\"_ _4\"></span>vised lease payments\u2019 in a way tha<span class=\"_ _0\"></span>t does not result in the seller-les<span class=\"_ _0\"></span>see rec<span class=\"_ _0\"></span>ognising any amount of the gain or los<span class=\"_ _0\"></span>s that rela<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o the right of use it retains. An<span class=\"_ _0\"></span>y gains and losses r<span class=\"_ _0\"></span>elating to the full or partial t<span class=\"_ _0\"></span>ermination of a lease continue to be r<span class=\"_ _4\"></span>ecognised when they occur as these r<span class=\"_ _4\"></span>elate to the right of use terminat<span class=\"_ _0\"></span>ed and not the right of use retained. The f<span class=\"_ _0\"></span>ollowing s<span class=\"_ _0\"></span>tandard is manda<span class=\"_ _0\"></span>tory since the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2016 (how<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver not y<span class=\"_ _4\"></span>et subjected to EU endorsement). T<span class=\"_ _0\"></span>he European C<span class=\"_ _0\"></span>ommission has decided not to launch the endorsement pr<span class=\"_ _4\"></span>ocess of this interim standar<span class=\"_ _0\"></span>d but to w<span class=\"_ _0\"></span>ait for the final standar<span class=\"_ _4\"></span>d:<span class=\"_ _8\"></span> IFRS 14, \u2018Regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al accounts\u2019<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2016). </span>It concerns an int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d on the acc<span class=\"_ _0\"></span>ounting for c<span class=\"_ _0\"></span>ertain balances that arise fr<span class=\"_ _4\"></span>om rate\u2013r<span class=\"_ _0\"></span>egulated activities. IFRS 14 is only applicable to entities that apply IFRS 1 as first-time adopt<span class=\"_ _0\"></span>ers of IFRS. It permits such entities, on adoption of IFRS, to continue t<span class=\"_ _0\"></span>o apply their pr<span class=\"_ _0\"></span>evious GAAP ac<span class=\"_ _0\"></span>counting policies f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>ecognition, measurement, impairment and der<span class=\"_ _4\"></span>ecognition of regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>ounts. The int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d also pro<span class=\"_ _4\"></span>vides guidance on selecting and changing acc<span class=\"_ _0\"></span>ounting policies (<span class=\"_ _0\"></span>on first\u2013time adoption or subsequently) and on presentation and disclosur<span class=\"_ _4\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-3": {
   "value": "5.21 New s<span class=\"_ _0\"></span>tandards, amendments to s<span class=\"_ _0\"></span>tandards and interpr<span class=\"_ _0\"></span>etations A number of new or amended s<span class=\"_ _0\"></span>tandards became applicable f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent financial year and subsequent y<span class=\"_ _4\"></span>ears.<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has applied all of the ne<span class=\"_ _0\"></span>w standar<span class=\"_ _0\"></span>ds, interpr<span class=\"_ _0\"></span>etations and amendments t<span class=\"_ _0\"></span>o exis<span class=\"_ _0\"></span>ting standar<span class=\"_ _0\"></span>ds that w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> mandatory f<span class=\"_ _0\"></span>or the first time in the fiscal y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and none of the ne<span class=\"_ _0\"></span>w or amended standar<span class=\"_ _0\"></span>ds and interpr<span class=\"_ _0\"></span>etations has had mat<span class=\"_ _0\"></span>erial impact on rec<span class=\"_ _0\"></span>ognition and measur<span class=\"_ _0\"></span>ement in the Consolidated Financial S<span class=\"_ _0\"></span>tatements. Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for the current financial y<span class=\"_ _0\"></span>ear The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments to standar<span class=\"_ _4\"></span>ds are mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e been endorsed by the European Union.  Amendments to IFRS 3 Business C<span class=\"_ _0\"></span>ombinations; IAS 16 Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant and Equipment; IAS 37 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and Contingent Assets as w<span class=\"_ _4\"></span>ell as Annual Improv<span class=\"_ _4\"></span>ements<span class=\"ff19\"> (effectiv<span class=\"_ _0\"></span>e for annual periods </span>beginning on or after 1 January 2022) The package of amendments includes narr<span class=\"_ _4\"></span>ow-scope amendments t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>ee Standards as w<span class=\"_ _4\"></span>ell as the Board\u2019s Annual Impro<span class=\"_ _4\"></span>vements, which are changes tha<span class=\"_ _0\"></span>t clarify the wor<span class=\"_ _4\"></span>ding or correct minor consequenc<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersights or conflicts between r<span class=\"_ _4\"></span>equirements in the Standards. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IFRS 3 Business Combinations<span class=\"ff19\"> upda<span class=\"_ _0\"></span>te a r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in IFRS 3 to the Conc<span class=\"_ _0\"></span>eptual Fr<span class=\"_ _0\"></span>amew<span class=\"_ _4\"></span>ork for<span class=\"_ _8\"></span> </span></span>Financial Reporting without changing the acc<span class=\"_ _0\"></span>ounting r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or business combina<span class=\"_ _0\"></span>tions. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 16 Property<span class=\"_ _1\"></span>, Plant and Equipment<span class=\"ff19\"> prohibit a c<span class=\"_ _0\"></span>ompany fr<span class=\"_ _0\"></span>om deducting fr<span class=\"_ _0\"></span>om the cos<span class=\"_ _0\"></span>t of </span></span>property<span class=\"_ _1\"></span>, plant and equipment amounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed from selling it<span class=\"_ _0\"></span>ems pr<span class=\"_ _0\"></span>oduced while the c<span class=\"_ _0\"></span>ompany is pr<span class=\"_ _0\"></span>eparing the asset for its int<span class=\"_ _0\"></span>ended use. Inst<span class=\"_ _0\"></span>ead, a compan<span class=\"_ _0\"></span>y will rec<span class=\"_ _0\"></span>ognise such sales pr<span class=\"_ _0\"></span>oceeds and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed cost in pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 3<span class=\"_ _0\"></span>7 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and C<span class=\"_ _0\"></span>ontingent Assets<span class=\"ff19\"> specify which cos<span class=\"_ _0\"></span>ts a </span></span>company includes when as<span class=\"_ _0\"></span>sessing whether a c<span class=\"_ _0\"></span>ontract will be los<span class=\"_ _0\"></span>s-making. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Annual Impro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ements 2018-2020<span class=\"ff19\"> mak<span class=\"_ _0\"></span>e minor amendments to IFRS 1 Firs<span class=\"_ _0\"></span>t-time Adoption of Int<span class=\"_ _0\"></span>ernational </span></span>Financial Reporting Standar<span class=\"_ _0\"></span>ds, IFRS 9 Financial Instruments, IA<span class=\"_ _0\"></span>S 41 A<span class=\"_ _0\"></span>gricultur<span class=\"_ _0\"></span>e and the Illustr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Examples accompan<span class=\"_ _0\"></span>ying IFRS 16 Leases. IFRS 16 (Amendment) \u2018Co<span class=\"_ _0\"></span>vid-<span class=\"_ _0\"></span>19-Relat<span class=\"_ _0\"></span>ed Rent Conc<span class=\"_ _0\"></span>essions\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e for annual periods beginning on or after 1 </span>April 2021) The amendments e<span class=\"_ _0\"></span>xtend, b<span class=\"_ _4\"></span>y one year<span class=\"_ _4\"></span>, the May 2020 amendment tha<span class=\"_ _0\"></span>t pro<span class=\"_ _4\"></span>vides lessees with an ex<span class=\"_ _0\"></span>emption fr<span class=\"_ _0\"></span>om assessing whether a C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _4\"></span>19-related r<span class=\"_ _0\"></span>ent conc<span class=\"_ _0\"></span>ession is a lease modification. In particular<span class=\"_ _1\"></span>, the amendment permits<span class=\"_ _8\"></span> a lessee to apply the pr<span class=\"_ _4\"></span>actical expedient regar<span class=\"_ _0\"></span>ding C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _0\"></span>19-r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>ent concessions to r<span class=\"_ _4\"></span>ent concessions for which any r<span class=\"_ _0\"></span>eduction in lease payments aff<span class=\"_ _0\"></span>ects only payments originally due on or bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e 30 June 2022 (r<span class=\"_ _0\"></span>ather than only payments originally due on or bef<span class=\"_ _0\"></span>ore 30 June 20<span class=\"_ _0\"></span>21).  Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for subsequent periods<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments hav<span class=\"_ _4\"></span>e been issued and endorsed by the Eur<span class=\"_ _0\"></span>opean Union but are not mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2022. The follo<span class=\"_ _0\"></span>wing amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 \u2018Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements: Classification of Liabilities as curr<span class=\"_ _0\"></span>ent or non-current\u2019<span class=\"ff19 ls5\"> </span>(eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e 01 January 2023), aff<span class=\"_ _0\"></span>ect only the pr<span class=\"_ _0\"></span>esentation of liabilities in the stat<span class=\"_ _0\"></span>ement of financial position \u2014 not the amount or timing of rec<span class=\"_ _0\"></span>ognition of any as<span class=\"_ _0\"></span>set, liability income or e<span class=\"_ _0\"></span>xpenses, or the informa<span class=\"_ _0\"></span>tion that entities disclose about those items. T<span class=\"_ _0\"></span>hey: \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t the classification of liabilities as curr<span class=\"_ _0\"></span>ent or non-curr<span class=\"_ _0\"></span>ent should be based on rights that ar<span class=\"_ _0\"></span>e in exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e at the end of the r<span class=\"_ _0\"></span>eporting period and align the wor<span class=\"_ _4\"></span>ding in all affected paragr<span class=\"_ _0\"></span>aphs to r<span class=\"_ _4\"></span>efer to the \u201cright\u201d to defer settlement b<span class=\"_ _4\"></span>y at least twelv<span class=\"_ _0\"></span>e months and mak<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xplicit that only rights in place \u201ca<span class=\"_ _0\"></span>t the end of the reporting period\u201d should aff<span class=\"_ _0\"></span>ect the classification of a liability; \u2022 <span class=\"_ _23\"> </span>Clarify tha<span class=\"_ _0\"></span>t classification is unaffect<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>xpectations about whether an entity will e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ercise its right t<span class=\"_ _0\"></span>o defer settlement of a liability; and mak<span class=\"_ _0\"></span>e clear that settlement r<span class=\"_ _0\"></span>efers t<span class=\"_ _0\"></span>o the transf<span class=\"_ _0\"></span>er to the c<span class=\"_ _0\"></span>ounterparty of cash, equit<span class=\"_ _0\"></span>y instruments, other assets or servic<span class=\"_ _0\"></span>es. Amendments to IAS 8 A<span class=\"_ _4\"></span>ccounting policies, Changes in Ac<span class=\"_ _0\"></span>counting Es<span class=\"_ _0\"></span>timates and Err<span class=\"_ _0\"></span>ors: Definition of Ac<span class=\"_ _0\"></span>counting Estimates<span class=\"ff19 ws1\"> (<span class=\"_ _4\"></span>effective 1 January 20<span class=\"_ _0\"></span>23).  </span>The amendment t<span class=\"_ _0\"></span>o IAS 8, \u2018<span class=\"_ _1\"></span>Acc<span class=\"_ _0\"></span>ounting Policies, Changes in A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ounting Estimat<span class=\"_ _0\"></span>es and Errors\u2019, clarifies ho<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span> companies should distinguish changes in ac<span class=\"_ _0\"></span>counting policies fr<span class=\"_ _0\"></span>om changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es. The amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IAS 12 Inc<span class=\"_ _0\"></span>ome T<span class=\"_ _1\"></span>ax<span class=\"_ _0\"></span>es: Deferred T<span class=\"_ _1\"></span>ax rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o Assets and Liabilities arising from a Single T<span class=\"_ _4\"></span>ransaction<span class=\"ff19 ws1\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _0\"></span>e 1 January 2023). </span>The amendments clarify ho<span class=\"_ _0\"></span>w companies ac<span class=\"_ _0\"></span>count f<span class=\"_ _0\"></span>or deferr<span class=\"_ _0\"></span>ed tax on tr<span class=\"_ _0\"></span>ansactions such as leases and decommissioning obligations. T<span class=\"_ _4\"></span>he main change in the amendments is an exemption fr<span class=\"_ _4\"></span>om the initial recognition ex<span class=\"_ _4\"></span>emption of IAS 12.<span class=\"_ _0\"></span>15(b<span class=\"_ _0\"></span>) and IAS 12.2<span class=\"_ _4\"></span>4. Accor<span class=\"_ _4\"></span>dingly<span class=\"_ _4\"></span>, the initial recognition e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption does not apply to transactions in which equal amounts of deductible and tax<span class=\"_ _0\"></span>able tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _4\"></span>ences arise on initial recognition. The amendments ar<span class=\"_ _0\"></span>e effectiv<span class=\"_ _4\"></span>e for annual reporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Early adoption is permitted. IFRS 17 \u2018Insuranc<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2023).<span class=\"_ _8\"></span>  </span>This standar<span class=\"_ _4\"></span>d replaces IFRS 4, which curr<span class=\"_ _0\"></span>ently permits a wide v<span class=\"_ _0\"></span>ariety of pr<span class=\"_ _0\"></span>actices in acc<span class=\"_ _0\"></span>ounting for insur<span class=\"_ _4\"></span>ance<span class=\"_ _8\"></span> contr<span class=\"_ _0\"></span>acts. IFRS 17 will fundamentally change the acc<span class=\"_ _0\"></span>ounting by all entities tha<span class=\"_ _0\"></span>t issue insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts and inv<span class=\"_ _4\"></span>estment contracts with discr<span class=\"_ _0\"></span>etionary participation fea<span class=\"_ _0\"></span>tures. On 17 Mar<span class=\"_ _4\"></span>ch 2020, IASB decided t<span class=\"_ _0\"></span>o defer the effectiv<span class=\"_ _0\"></span>e date t<span class=\"_ _0\"></span>o annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 2023. T<span class=\"_ _4\"></span>he endorsement includes the<span class=\"_ _8\"></span> amendments issued b<span class=\"_ _0\"></span>y the Board in June 20<span class=\"_ _0\"></span>20, which ar<span class=\"_ _4\"></span>e aimed at helping companies implement the Standard and making it easier for them to e<span class=\"_ _4\"></span>xplain their financial performance.The EU r<span class=\"_ _0\"></span>egulation pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an optional e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>emption from applying the annual c<span class=\"_ _0\"></span>ohort r<span class=\"_ _0\"></span>equirement tha<span class=\"_ _0\"></span>t relat<span class=\"_ _0\"></span>es to the timing of the rec<span class=\"_ _0\"></span>ognition of the pr<span class=\"_ _0\"></span>ofit in the contr<span class=\"_ _0\"></span>act, the contr<span class=\"_ _0\"></span>actual service mar<span class=\"_ _4\"></span>gin, in profit or loss. Entities making use of the ex<span class=\"_ _4\"></span>emption are not applying IFRSs as issued b<span class=\"_ _0\"></span>y the IASB and need t<span class=\"_ _0\"></span>o disclose the fact. Amendments to IFRS 17 Insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontracts: Initial Applica<span class=\"_ _0\"></span>tion of IFRS 17 and IFRS 9 \u2013 Compar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Information<span class=\"ff19 ls5\"> </span>(issued on 9 December 20<span class=\"_ _0\"></span>21, effectiv<span class=\"_ _0\"></span>e 1 January 2023).  The amendment is a tr<span class=\"_ _0\"></span>ansition option r<span class=\"_ _0\"></span>elating to c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e information about financial as<span class=\"_ _0\"></span>sets present<span class=\"_ _0\"></span>ed on initial application of IFRS 17<span class=\"_ _1\"></span>. The amendment is aimed at helping entities to a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oid tempor<span class=\"_ _0\"></span>ary acc<span class=\"_ _0\"></span>ounting mismatches between financial as<span class=\"_ _0\"></span>sets and insur<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontract liabilities, and ther<span class=\"_ _4\"></span>efore impr<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>e the usefulness of compara<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e information for users of financial s<span class=\"_ _0\"></span>tatements. The f<span class=\"_ _0\"></span>ollowing amendments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been issued but ar<span class=\"_ _0\"></span>e not mandat<span class=\"_ _0\"></span>ory for the first time f<span class=\"_ _0\"></span>or the financial y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e not been endorsed by the European Union. T<span class=\"_ _4\"></span>he following amendments ar<span class=\"_ _0\"></span>e not expect<span class=\"_ _0\"></span>ed to ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e a material impact on C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings Consolidated Financial S<span class=\"_ _0\"></span>tatements in the curr<span class=\"_ _0\"></span>ent or futur<span class=\"_ _0\"></span>e reporting periods. Amendments to IAS 1 Pr<span class=\"_ _0\"></span>esentation of Financial Stat<span class=\"_ _0\"></span>ements and IFRS Practic<span class=\"_ _0\"></span>e Stat<span class=\"_ _0\"></span>ement 2: Disclosure of Ac<span class=\"_ _0\"></span>counting policies<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2023).  </span>The amendments aim t<span class=\"_ _0\"></span>o impro<span class=\"_ _4\"></span>ve acc<span class=\"_ _0\"></span>ounting policy disclosur<span class=\"_ _0\"></span>es and to help users of the financial sta<span class=\"_ _0\"></span>tements to distinguish betw<span class=\"_ _0\"></span>een changes in acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es and changes in acc<span class=\"_ _0\"></span>ounting policies. The IA<span class=\"_ _0\"></span>S 1 amendment requir<span class=\"_ _4\"></span>es companies to disclose their material ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation r<span class=\"_ _0\"></span>ather than their significant acc<span class=\"_ _0\"></span>ounting policies. Further<span class=\"_ _4\"></span>, the amendment to IAS 1 clarifies tha<span class=\"_ _0\"></span>t immaterial ac<span class=\"_ _0\"></span>counting policy inf<span class=\"_ _0\"></span>ormation need not be disclosed. T<span class=\"_ _1\"></span>o support this amendment, the Board also amended IFRS Pr<span class=\"_ _4\"></span>actice Statement 2, \u2018Making Mat<span class=\"_ _0\"></span>eriality Judgements\u2019, to pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vide guidance on ho<span class=\"_ _0\"></span>w to apply the c<span class=\"_ _0\"></span>oncept of mat<span class=\"_ _0\"></span>eriality t<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ounting policy disclosures. T<span class=\"_ _4\"></span>he<span class=\"_ _8\"></span> amendments are eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e for annual r<span class=\"_ _0\"></span>eporting periods beginning on or after 1 January 20<span class=\"_ _0\"></span>23. Earlier application is permitted (<span class=\"_ _0\"></span>subject to an<span class=\"_ _0\"></span>y local endorsement proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>). Amendments to IFRS 16 Leases: L<span class=\"_ _0\"></span>ease Liability in a Sale and Leaseback<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e 1 January 2024). </span>The amendments e<span class=\"_ _0\"></span>xplain ho<span class=\"_ _0\"></span>w an entity acc<span class=\"_ _0\"></span>ounts for a sale and leaseback aft<span class=\"_ _0\"></span>er the date of the tr<span class=\"_ _4\"></span>ansaction,<span class=\"_ _8\"></span> specifically where some or all the lease pa<span class=\"_ _0\"></span>yments ar<span class=\"_ _0\"></span>e variable lease pa<span class=\"_ _4\"></span>yments that do not depend on an index or rat<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y stat<span class=\"_ _0\"></span>e that, in subsequently measuring the lease liability<span class=\"_ _1\"></span>, the seller-lessee determines \u2018lease payments\u2019 and \u2018re<span class=\"_ _4\"></span>vised lease payments\u2019 in a way tha<span class=\"_ _0\"></span>t does not result in the seller-les<span class=\"_ _0\"></span>see rec<span class=\"_ _0\"></span>ognising any amount of the gain or los<span class=\"_ _0\"></span>s that rela<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o the right of use it retains. An<span class=\"_ _0\"></span>y gains and losses r<span class=\"_ _0\"></span>elating to the full or partial t<span class=\"_ _0\"></span>ermination of a lease continue to be r<span class=\"_ _4\"></span>ecognised when they occur as these r<span class=\"_ _4\"></span>elate to the right of use terminat<span class=\"_ _0\"></span>ed and not the right of use retained. The f<span class=\"_ _0\"></span>ollowing s<span class=\"_ _0\"></span>tandard is manda<span class=\"_ _0\"></span>tory since the financial y<span class=\"_ _4\"></span>ear beginning 1 January 2016 (how<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ver not y<span class=\"_ _4\"></span>et subjected to EU endorsement). T<span class=\"_ _0\"></span>he European C<span class=\"_ _0\"></span>ommission has decided not to launch the endorsement pr<span class=\"_ _4\"></span>ocess of this interim standar<span class=\"_ _0\"></span>d but to w<span class=\"_ _0\"></span>ait for the final standar<span class=\"_ _4\"></span>d:<span class=\"_ _8\"></span> IFRS 14, \u2018Regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al accounts\u2019<span class=\"ff19\"> (<span class=\"_ _4\"></span>effective 1 January 2016). </span>It concerns an int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d on the acc<span class=\"_ _0\"></span>ounting for c<span class=\"_ _0\"></span>ertain balances that arise fr<span class=\"_ _4\"></span>om rate\u2013r<span class=\"_ _0\"></span>egulated activities. IFRS 14 is only applicable to entities that apply IFRS 1 as first-time adopt<span class=\"_ _0\"></span>ers of IFRS. It permits such entities, on adoption of IFRS, to continue t<span class=\"_ _0\"></span>o apply their pr<span class=\"_ _0\"></span>evious GAAP ac<span class=\"_ _0\"></span>counting policies f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>ecognition, measurement, impairment and der<span class=\"_ _4\"></span>ecognition of regulatory def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>ounts. The int<span class=\"_ _0\"></span>erim standar<span class=\"_ _0\"></span>d also pro<span class=\"_ _4\"></span>vides guidance on selecting and changing acc<span class=\"_ _0\"></span>ounting policies (<span class=\"_ _0\"></span>on first\u2013time adoption or subsequently) and on presentation and disclosur<span class=\"_ _4\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-129-4": {
   "value": "5.21 New s<span class=\"_ _0\"></span>tandards, amendments to s<span class=\"_ _0\"></span>tandards and interpr<span class=\"_ _0\"></span>etations A number of new or amended s<span class=\"_ _0\"></span>tandards became applicable f<span class=\"_ _0\"></span>or the curr<span class=\"_ _0\"></span>ent financial year and subsequent y<span class=\"_ _4\"></span>ears.<span class=\"_ _8\"></span> The Gr<span class=\"_ _0\"></span>oup has applied all of the ne<span class=\"_ _0\"></span>w standar<span class=\"_ _0\"></span>ds, interpr<span class=\"_ _0\"></span>etations and amendments t<span class=\"_ _0\"></span>o exis<span class=\"_ _0\"></span>ting standar<span class=\"_ _0\"></span>ds that w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> mandatory f<span class=\"_ _0\"></span>or the first time in the fiscal y<span class=\"_ _0\"></span>ear beginning 1 January 2022 and none of the ne<span class=\"_ _0\"></span>w or amended standar<span class=\"_ _0\"></span>ds and interpr<span class=\"_ _0\"></span>etations has had mat<span class=\"_ _0\"></span>erial impact on rec<span class=\"_ _0\"></span>ognition and measur<span class=\"_ _0\"></span>ement in the Consolidated Financial S<span class=\"_ _0\"></span>tatements. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-130-4": {
   "value": "Standards and Interpr<span class=\"_ _0\"></span>etations effectiv<span class=\"_ _4\"></span>e for the current financial y<span class=\"_ _0\"></span>ear The f<span class=\"_ _0\"></span>ollowing ne<span class=\"_ _4\"></span>w standards and amendments to standar<span class=\"_ _4\"></span>ds are mandatory f<span class=\"_ _0\"></span>or the first time for the financial y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> beginning 1 January 2022 and hav<span class=\"_ _4\"></span>e been endorsed by the European Union.  Amendments to IFRS 3 Business C<span class=\"_ _0\"></span>ombinations; IAS 16 Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant and Equipment; IAS 37 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and Contingent Assets as w<span class=\"_ _4\"></span>ell as Annual Improv<span class=\"_ _4\"></span>ements<span class=\"ff19\"> (effectiv<span class=\"_ _0\"></span>e for annual periods </span>beginning on or after 1 January 2022) The package of amendments includes narr<span class=\"_ _4\"></span>ow-scope amendments t<span class=\"_ _0\"></span>o thr<span class=\"_ _0\"></span>ee Standards as w<span class=\"_ _4\"></span>ell as the Board\u2019s Annual Impro<span class=\"_ _4\"></span>vements, which are changes tha<span class=\"_ _0\"></span>t clarify the wor<span class=\"_ _4\"></span>ding or correct minor consequenc<span class=\"_ _0\"></span>es, o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersights or conflicts between r<span class=\"_ _4\"></span>equirements in the Standards. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IFRS 3 Business Combinations<span class=\"ff19\"> upda<span class=\"_ _0\"></span>te a r<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in IFRS 3 to the Conc<span class=\"_ _0\"></span>eptual Fr<span class=\"_ _0\"></span>amew<span class=\"_ _4\"></span>ork for<span class=\"_ _8\"></span> </span></span>Financial Reporting without changing the acc<span class=\"_ _0\"></span>ounting r<span class=\"_ _0\"></span>equirements f<span class=\"_ _0\"></span>or business combina<span class=\"_ _0\"></span>tions. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 16 Property<span class=\"_ _1\"></span>, Plant and Equipment<span class=\"ff19\"> prohibit a c<span class=\"_ _0\"></span>ompany fr<span class=\"_ _0\"></span>om deducting fr<span class=\"_ _0\"></span>om the cos<span class=\"_ _0\"></span>t of </span></span>property<span class=\"_ _1\"></span>, plant and equipment amounts rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed from selling it<span class=\"_ _0\"></span>ems pr<span class=\"_ _0\"></span>oduced while the c<span class=\"_ _0\"></span>ompany is pr<span class=\"_ _0\"></span>eparing the asset for its int<span class=\"_ _0\"></span>ended use. Inst<span class=\"_ _0\"></span>ead, a compan<span class=\"_ _0\"></span>y will rec<span class=\"_ _0\"></span>ognise such sales pr<span class=\"_ _0\"></span>oceeds and r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed cost in pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Amendments to IAS 3<span class=\"_ _0\"></span>7 Pro<span class=\"_ _0\"></span>visions, Contingent Liabilities and C<span class=\"_ _0\"></span>ontingent Assets<span class=\"ff19\"> specify which cos<span class=\"_ _0\"></span>ts a </span></span>company includes when as<span class=\"_ _0\"></span>sessing whether a c<span class=\"_ _0\"></span>ontract will be los<span class=\"_ _0\"></span>s-making. \u2022 <span class=\"_ _2d\"> </span><span class=\"ff1a ws1\">Annual Impro<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ements 2018-2020<span class=\"ff19\"> mak<span class=\"_ _0\"></span>e minor amendments to IFRS 1 Firs<span class=\"_ _0\"></span>t-time Adoption of Int<span class=\"_ _0\"></span>ernational </span></span>Financial Reporting Standar<span class=\"_ _0\"></span>ds, IFRS 9 Financial Instruments, IA<span class=\"_ _0\"></span>S 41 A<span class=\"_ _0\"></span>gricultur<span class=\"_ _0\"></span>e and the Illustr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e Examples accompan<span class=\"_ _0\"></span>ying IFRS 16 Leases. IFRS 16 (Amendment) \u2018Co<span class=\"_ _0\"></span>vid-<span class=\"_ _0\"></span>19-Relat<span class=\"_ _0\"></span>ed Rent Conc<span class=\"_ _0\"></span>essions\u2019<span class=\"ff19\"> (<span class=\"_ _0\"></span>effectiv<span class=\"_ _4\"></span>e for annual periods beginning on or after 1 </span>April 2021) The amendments e<span class=\"_ _0\"></span>xtend, b<span class=\"_ _4\"></span>y one year<span class=\"_ _4\"></span>, the May 2020 amendment tha<span class=\"_ _0\"></span>t pro<span class=\"_ _4\"></span>vides lessees with an ex<span class=\"_ _0\"></span>emption fr<span class=\"_ _0\"></span>om assessing whether a C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _4\"></span>19-related r<span class=\"_ _0\"></span>ent conc<span class=\"_ _0\"></span>ession is a lease modification. In particular<span class=\"_ _1\"></span>, the amendment permits<span class=\"_ _8\"></span> a lessee to apply the pr<span class=\"_ _4\"></span>actical expedient regar<span class=\"_ _0\"></span>ding C<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>VID-<span class=\"_ _0\"></span>19-r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>ent concessions to r<span class=\"_ _4\"></span>ent concessions for which any r<span class=\"_ _0\"></span>eduction in lease payments aff<span class=\"_ _0\"></span>ects only payments originally due on or bef<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e 30 June 2022 (r<span class=\"_ _0\"></span>ather than only payments originally due on or bef<span class=\"_ _0\"></span>ore 30 June 20<span class=\"_ _0\"></span>21).  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-131-4": {
   "value": "Standards and Interpretations effective for subsequent periods The following new standards and amendments have been issued and endorsed by the European Union but are not mandatory for the first time for the financial year beginning 1 January 2022. The following amendments are not expected to have a material impact on Cenergy Holdings Consolidated Financial Statements in the current or future reporting periods. Amendments to IAS 1 \u2018Presentation of Financial Statements: Classification of Liabilities as current or non-current\u2019 (effective 01 January 2023), affect only the presentation of liabilities in the statement of financial position \u2014 not the amount or timing of recognition of any asset, liability income or expenses, or the information that entities disclose about those items. They: \u2022  Clarify that the classification of liabilities as current or non-current should be based on rights that are in existence at the end of the reporting period and align the wording in all affected paragraphs to refer to the \u201cright\u201d to defer settlement by at least twelve months and make explicit that only rights in place \u201cat the end of the reporting period\u201d should affect the classification of a liability; \u2022  Clarify that classification is unaffected by expectations about whether an entity will exercise its right to defer settlement of a liability; and make clear that settlement refers to the transfer to the counterparty of cash, equity instruments, other assets or services. Amendments to IAS 8 Accounting policies, Changes in Accounting Estimates and Errors: Definition of Accounting Estimates (effective 1 January 2023).  The amendment to IAS 8, \u2018Accounting Policies, Changes in Accounting Estimates and Errors\u2019, clarifies how companies should distinguish changes in accounting policies from changes in accounting estimates. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. Earlier application is permitted (subject to any local endorsement process). Amendments to IAS 12 Income Taxes: Deferred Tax related to Assets and Liabilities arising from a Single Transaction (effective 1 January 2023). The amendments clarify how companies account for deferred tax on transactions such as leases and decommissioning obligations. The main change in the amendments is an exemption from the initial recognition exemption of IAS 12.15(b) and IAS 12.24. Accordingly, the initial recognition exemption does not apply to transactions in which equal amounts of deductible and taxable temporary differences arise on initial recognition. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. Early adoption is permitted. IFRS 17 \u2018Insurance contracts\u2019 (effective 1 January 2023).  This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. On 17 March 2020, IASB decided to defer the effective date to annual reporting periods beginning on or after 1 January 2023. The endorsement includes the amendments issued by the Board in June 2020, which are aimed at helping companies implement the Standard and making it easier for them to explain their financial performance.The EU regulation provides an optional exemption from applying the annual cohort requirement that relates to the timing of the recognition of the profit in the contract, the contractual service margin, in profit or loss. Entities making use of the exemption are not applying IFRSs as issued by the IASB and need to disclose the fact. Amendments to IFRS 17 Insurance contracts: Initial Application of IFRS 17 and IFRS 9 \u2013 Comparative Information (issued on 9 December 2021, effective 1 January 2023).  The amendment is a transition option relating to comparative information about financial assets presented on initial application of IFRS 17. The amendment is aimed at helping entities to avoid temporary accounting mismatches between financial assets and insurance contract liabilities, and therefore improve the usefulness of comparative information for users of financial statements. The following amendments have been issued but are not mandatory for the first time for the financial year beginning 1 January 2022 and have not been endorsed by the European Union. The following amendments are not expected to have a material impact on Cenergy Holdings Consolidated Financial Statements in the current or future reporting periods. Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies (effective 1 January 2023).  The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. The IAS 1 amendment requires companies to disclose their material accounting policy information rather than their significant accounting policies. Further, the amendment to IAS 1 clarifies that immaterial accounting policy information need not be disclosed. To support this amendment, the Board also amended IFRS Practice Statement 2, \u2018Making Materiality Judgements\u2019, to provide guidance on how to apply the concept of materiality to accounting policy disclosures. The amendments are effective for annual reporting periods beginning on or after 1 January 2023. Earlier application is permitted (subject to any local endorsement process). Amendments to IFRS 16 Leases: Lease Liability in a Sale and Leaseback (effective 1 January 2024). The amendments explain how an entity accounts for a sale and leaseback after the date of the transaction, specifically where some or all the lease payments are variable lease payments that do not depend on an index or rate. They state that, in subsequently measuring the lease liability, the seller-lessee determines \u2018lease payments\u2019 and \u2018revised lease payments\u2019 in a way that does not result in the seller-lessee recognising any amount of the gain or loss that relates to the right of use it retains. Any gains and losses relating to the full or partial termination of a lease continue to be recognised when they occur as these relate to the right of use terminated and not the right of use retained. The following standard is mandatory since the financial year beginning 1 January 2016 (however not yet subjected to EU endorsement). The European Commission has decided not to launch the endorsement process of this interim standard but to wait for the final standard: IFRS 14, \u2018Regulatory deferral accounts\u2019 (effective 1 January 2016). It concerns an interim standard on the accounting for certain balances that arise from rate\u2013regulated activities. IFRS 14 is only applicable to entities that apply IFRS 1 as first-time adopters of IFRS. It permits such entities, on adoption of IFRS, to continue to apply their previous GAAP accounting policies for the recognition, measurement, impairment and derecognition of regulatory deferral accounts. The interim standard also provides guidance on selecting and changing accounting policies (on first\u2013time adoption or subsequently) and on presentation and disclosure. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfNotAppliedNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-134-2": {
   "value": "6.<span class=\"_\"> </span>Oper<span class=\"_ _0\"></span>ating segmentsA.<span class=\"_\"> </span>Basis for the division into segmentsCener<span class=\"_ _0\"></span>gy Holdings is divided into 2 r<span class=\"_ _0\"></span>eportable segments: \u2022<span class=\"_\"> </span>Cables;\u2022<span class=\"_ _12\"> </span>Steel Pipes.For management purposes, Cener<span class=\"_ _4\"></span>gy Holdings is split into two major s<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>egic r<span class=\"_ _0\"></span>eportable segments which opera<span class=\"_ _0\"></span>te in differ<span class=\"_ _0\"></span>ent industries. T<span class=\"_ _0\"></span>hese segments offer differ<span class=\"_ _4\"></span>ent products and services, and ar<span class=\"_ _0\"></span>e managed separ<span class=\"_ _0\"></span>ately because they r<span class=\"_ _4\"></span>equire differ<span class=\"_ _0\"></span>ent technology and mark<span class=\"_ _0\"></span>eting str<span class=\"_ _0\"></span>ategies. Such structur<span class=\"_ _0\"></span>al organiza<span class=\"_ _0\"></span>tion is determined b<span class=\"_ _0\"></span>y the natur<span class=\"_ _0\"></span>e of risks and returns as<span class=\"_ _0\"></span>sociated with each busines<span class=\"_ _0\"></span>s segment. It is based on the management structur<span class=\"_ _0\"></span>e, as w<span class=\"_ _0\"></span>ell as the internal r<span class=\"_ _0\"></span>eporting sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em. It r<span class=\"_ _0\"></span>epresents the basis on which Cener<span class=\"_ _0\"></span>gy Holdings reports its segmental inf<span class=\"_ _0\"></span>ormation. The segment analy<span class=\"_ _0\"></span>sis pr<span class=\"_ _0\"></span>esented in these Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _0\"></span>ements reflects oper<span class=\"_ _4\"></span>ations analysed by business. This is the w<span class=\"_ _4\"></span>ay the chief operating decision mak<span class=\"_ _0\"></span>er of Cener<span class=\"_ _0\"></span>gy Holdings r<span class=\"_ _0\"></span>egularly r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws the operating results of the Gr<span class=\"_ _4\"></span>oup in order to allocate r<span class=\"_ _4\"></span>esources to segments and in as<span class=\"_ _0\"></span>sessing their performanc<span class=\"_ _0\"></span>e. A brief description of the segments is as follo<span class=\"_ _0\"></span>ws: \u2022<span class=\"_ _12\"> </span><span class=\"ff1c\">Cables</span><span class=\"ws1\">: Hellenic Cables, its subsidiaries, and Icme Ecab S.A. manufactur<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er and telecommunication cables</span>for onshor<span class=\"_ _0\"></span>e applications, submarine cables, copper and aluminium wir<span class=\"_ _4\"></span>es and compounds.\u2022<span class=\"_ _12\"> </span><span class=\"ff1c ws1\">Steel pipes<span class=\"ff19\">: Corinth Pipe<span class=\"_ _0\"></span>works engages in the pr<span class=\"_ _4\"></span>oduction of steel pipes for the tr<span class=\"_ _0\"></span>ansportation of natur<span class=\"_ _0\"></span>al gas, oil,</span></span>wat<span class=\"_ _0\"></span>er netw<span class=\"_ _0\"></span>orks, hy<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>ogen and CCS (<span class=\"_ _4\"></span>carbon capture and stor<span class=\"_ _4\"></span>age) technologies, as w<span class=\"_ _0\"></span>ell as st<span class=\"_ _0\"></span>eel hollow sectionswhich are used in c<span class=\"_ _0\"></span>onstruction pr<span class=\"_ _0\"></span>ojects.\u2022<span class=\"_ _12\"> </span><span class=\"ff1c ws1\">Other activities<span class=\"ff19\">: The segment includes the activities of the Holding compan<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>.</span></span>B.<span class=\"_\"> </span>Information about reportable segments and r<span class=\"_ _0\"></span>econcilia<span class=\"_ _0\"></span>tions to IFRS measuresThe inf<span class=\"_ _0\"></span>ormation disclosed in the tables below is deriv<span class=\"_ _4\"></span>ed directly from the int<span class=\"_ _0\"></span>ernal financial r<span class=\"_ _0\"></span>eporting sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em used by the Board (i.<span class=\"_ _0\"></span>e. chief oper<span class=\"_ _0\"></span>ating decision mak<span class=\"_ _0\"></span>er) to monit<span class=\"_ _0\"></span>or and e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the performanc<span class=\"_ _0\"></span>e of the oper<span class=\"_ _0\"></span>ating segments separat<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing tables illus<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>te the informa<span class=\"_ _0\"></span>tion about the reportable segments\u2019 pr<span class=\"_ _4\"></span>ofit or loss, assets and liabilities on<span class=\"_ _8\"></span> 31 December 2022 and 20<span class=\"_ _0\"></span>21, and for the y<span class=\"_ _0\"></span>ears then ended.  2022 <span class=\"_ _70\"> </span>Reportable segments <span class=\"_ _4d\"> </span> <span class=\"_ _71\"> </span>  <span class=\"_ _72\"> </span> <span class=\"_ _63\"> </span>  Amounts in EUR thousand <span class=\"_ _73\"> </span>Note <span class=\"_ _74\"> </span>Cables <span class=\"_ _75\"> </span><span class=\"_ _b\"> </span>Steel Pipes Other<span class=\"_ _8\"></span> activities T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Segment re<span class=\"_ _0\"></span>venue  <span class=\"_ _77\"> </span> <span class=\"_ _78\"> </span>1,520,681 <span class=\"_ _79\"> </span>679<span class=\"_ _0\"></span>,67<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _51\"> </span>2,200,353  Inter-segment r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue <span class=\"_ _7b\"> </span> <span class=\"_ _7c\"> </span>(556,292) <span class=\"_ _11\"> </span>(218,053) <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _50\"> </span><span class=\"ff1a\">(77<span class=\"_ _4\"></span>4,345) </span> External re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue <span class=\"_ _7d\"> </span><span class=\"ff19\">7</span> <span class=\"_ _64\"> </span>964,388 <span class=\"_ _79\"> </span>461,620 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2c\"> </span>1,426,008  Gross pr<span class=\"_ _0\"></span>ofit <span class=\"_ _7e\"> </span> <span class=\"_ _75\"> </span>116,875 <span class=\"_ _5c\"> </span>28,438 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _79\"> </span>145,314  Operating pr<span class=\"_ _0\"></span>ofit / (loss<span class=\"_ _0\"></span>) <span class=\"_ _7f\"> </span> <span class=\"_ _24\"> </span>87<span class=\"_ _4\"></span>,649 <span class=\"_ _80\"> </span>14,643 <span class=\"_ _5c\"> </span>(1,932) <span class=\"_ _81\"> </span>100,360  Finance income <span class=\"_ _82\"> </span> <span class=\"_ _28\"> </span>261 <span class=\"_ _83\"> </span>123 <span class=\"_ _71\"> </span>47 <span class=\"_ _34\"> </span><span class=\"ff1a\">431</span>  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _84\"> </span> <span class=\"_ _85\"> </span>(25,082) <span class=\"_ _78\"> </span>(11,7<span class=\"_ _4\"></span>53) <span class=\"_ _86\"> </span>(58) <span class=\"_ _87\"> </span><span class=\"ff1a\">(36,893) </span> Share of pr<span class=\"_ _0\"></span>ofit of equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees, net of tax <span class=\"_ _13\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _22\"> </span>4,<span class=\"_ _0\"></span>156 <span class=\"_ _45\"> </span>1,903 <span class=\"_ _4e\"> </span><span class=\"ff1a\">6,059</span>  Profit / (Loss<span class=\"_ _0\"></span>) befor<span class=\"_ _0\"></span>e tax <span class=\"_ _59\"> </span> <span class=\"_ _24\"> </span>62,827 <span class=\"_ _24\"> </span>7<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>168 <span class=\"_ _89\"> </span>(39) <span class=\"_ _35\"> </span>69,957  Income tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _8a\"> </span> <span class=\"_ _5e\"> </span>(13,<span class=\"_ _0\"></span>199) <span class=\"_ _5e\"> </span>3,663 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _8b\"> </span><span class=\"ff1a\">(9,536) </span> Profit/(Loss<span class=\"_ _0\"></span>) for the y<span class=\"_ _4\"></span>ear <span class=\"_ _59\"> </span> <span class=\"_ _61\"> </span>49<span class=\"_ _0\"></span>,628 <span class=\"_ _8c\"> </span>10,831 <span class=\"_ _89\"> </span>(39) <span class=\"_ _8d\"> </span>60,420  Depreciation and amortization <span class=\"_ _56\"> </span> <span class=\"_ _91\"> </span>(18,06<span class=\"_ _0\"></span>1) <span class=\"_ _80\"> </span>(9,<span class=\"_ _0\"></span>136) <span class=\"_ _92\"> </span>(14) <span class=\"_ _93\"> </span><span class=\"ff1a\">(27<span class=\"_ _1\"></span>,211) </span> Segment assets <span class=\"_ _82\"> </span> <span class=\"_ _80\"> </span>1,0<span class=\"_ _0\"></span>33,712 <span class=\"_ _5d\"> </span>633,7<span class=\"_ _0\"></span>66 <span class=\"_ _8c\"> </span>31,267 <span class=\"_ _53\"> </span><span class=\"ff1a\">1,698,7<span class=\"_ _1\"></span>45<span class=\"ff19\"> </span></span> Non-current assets e<span class=\"_ _4\"></span>xcl. deferr<span class=\"_ _0\"></span>ed tax and financial instruments <span class=\"_ _57\"> </span> <span class=\"_ _94\"> </span>37<span class=\"_ _1\"></span>4,845 <span class=\"_ _29\"> </span>206,062 <span class=\"_ _85\"> </span>23,532 <span class=\"_ _87\"> </span><span class=\"ff1a\">604,439</span>  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _95\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _80\"> </span>17<span class=\"_ _1\"></span>,468 <span class=\"_ _5c\"> </span>23,490 <span class=\"_ _78\"> </span><span class=\"ff1a ls85 ws6d\">40<span class=\"_ _0\"></span>,959<span class=\"ff19 ls5 ws1\"> </span></span> Segment liabilities <span class=\"_ _77\"> </span> <span class=\"_ _91\"> </span>86<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,224 <span class=\"_ _29\"> </span>489,442 <span class=\"_ _92\"> </span>448 <span class=\"_ _5f\"> </span><span class=\"ff1a\">1,35<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,114<span class=\"ff19\"> </span></span> Capital expenditur<span class=\"_ _0\"></span>e <span class=\"_ _7f\"> </span>17<span class=\"_ _1\"></span>/19 <span class=\"_ _86\"> </span>71,2<span class=\"_ _0\"></span>45 <span class=\"_ _45\"> </span>7<span class=\"_ _4\"></span>,762 <span class=\"_ _7a\"> </span>1 <span class=\"_ _78\"> </span><span class=\"ff1a\">79,<span class=\"_ _0\"></span>009<span class=\"ff19\"> </span></span>2021 <span class=\"_ _97\"> </span>Reportable segments <span class=\"_ _4d\"> </span> <span class=\"_ _71\"> </span>  <span class=\"_ _72\"> </span> <span class=\"_ _63\"> </span>  Amounts in EUR thousand <span class=\"_ _73\"> </span>Note <span class=\"_ _74\"> </span>Cables <span class=\"_ _b\"> </span>Steel Pipes Other<span class=\"_ _8\"></span> activities T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Segment re<span class=\"_ _0\"></span>venue  <span class=\"_ _77\"> </span> <span class=\"_ _78\"> </span>1,354,<span class=\"_ _0\"></span>164 <span class=\"_ _98\"> </span>242,941 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _23\"> </span>1,597<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>104  Inter-segment r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue <span class=\"_ _7b\"> </span> <span class=\"_ _93\"> </span>(529,873) <span class=\"_ _79\"> </span>(13,028) <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _2b\"> </span><span class=\"ff1a\">(542,901) </span> External re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue <span class=\"_ _7d\"> </span><span class=\"ff19\">7</span> <span class=\"_ _94\"> </span>824,291 <span class=\"_ _7c\"> </span>229,913 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _50\"> </span>1,054,203  Gross pr<span class=\"_ _0\"></span>ofit <span class=\"_ _7e\"> </span> <span class=\"_ _63\"> </span>92,521 <span class=\"_ _94\"> </span>16,<span class=\"_ _0\"></span>152 <span class=\"_ _7a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _5f\"> </span>108,67<span class=\"_ _0\"></span>3  Operating pr<span class=\"_ _0\"></span>ofit / (loss<span class=\"_ _0\"></span>) <span class=\"_ _7f\"> </span> <span class=\"_ _61\"> </span>66,425 <span class=\"_ _35\"> </span>(6,881) <span class=\"_ _80\"> </span>(1,901) <span class=\"_ _99\"> </span>57<span class=\"_ _1\"></span>,642<span class=\"ff19\"> </span> Finance income <span class=\"_ _82\"> </span> <span class=\"_ _3b\"> </span>20<span class=\"_ _0\"></span>1 <span class=\"_ _9a\"> </span>27 <span class=\"_ _71\"> </span>36 <span class=\"_ _86\"> </span><span class=\"ff1a\">264</span>  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _84\"> </span> <span class=\"_ _4e\"> </span>(21,7<span class=\"_ _1\"></span>40) <span class=\"_ _35\"> </span>(7<span class=\"_ _4\"></span>,505) <span class=\"_ _33\"> </span>(4) <span class=\"_ _9b\"> </span><span class=\"ff1a\">(29,249) </span> Share of pr<span class=\"_ _0\"></span>ofit of equity acc<span class=\"_ _0\"></span>ounted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees, net of tax <span class=\"_ _13\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _9c\"> </span>419 <span class=\"_ _9d\"> </span>1,436 <span class=\"_ _75\"> </span><span class=\"ff1a\">1,855</span>  Profit / (Loss<span class=\"_ _0\"></span>) befor<span class=\"_ _0\"></span>e tax <span class=\"_ _59\"> </span> <span class=\"_ _9d\"> </span>44,886 <span class=\"_ _5f\"> </span>(13,940) <span class=\"_ _22\"> </span>(433) <span class=\"_ _80\"> </span>30,513  Income tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _8a\"> </span> <span class=\"_ _9d\"> </span>(7<span class=\"_ _4\"></span>,67<span class=\"_ _0\"></span>0) <span class=\"_ _5e\"> </span>(764) <span class=\"_ _7a\"> </span>- <span class=\"_ _7c\"> </span><span class=\"ff1a\">(8,434) </span> Profit/(Loss<span class=\"_ _0\"></span>) for the y<span class=\"_ _4\"></span>ear <span class=\"_ _59\"> </span> <span class=\"_ _89\"> </span>37<span class=\"_ _1\"></span>,216 <span class=\"_ _81\"> </span>(14,<span class=\"_ _0\"></span>704) <span class=\"_ _91\"> </span>(433) <span class=\"_ _5c\"> </span>22,<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>9  Depreciation and amortization <span class=\"_ _56\"> </span> <span class=\"_ _9e\"> </span>(16,849) <span class=\"_ _9f\"> </span>(8,850) <span class=\"_ _33\"> </span>(6) <span class=\"_ _87\"> </span><span class=\"ff1a\">(25,705) </span> Segment assets <span class=\"_ _82\"> </span> <span class=\"_ _4e\"> </span>778,654 <span class=\"_ _9f\"> </span>397<span class=\"_ _1\"></span>,801 <span class=\"_ _99\"> </span>29,4<span class=\"_ _0\"></span>96 <span class=\"_ _2d\"> </span><span class=\"ff1a\">1,205,950</span>  Non-current assets e<span class=\"_ _4\"></span>xcl. deferr<span class=\"_ _0\"></span>ed tax and financial instruments <span class=\"_ _57\"> </span> <span class=\"_ _94\"> </span>323,632 <span class=\"_ _35\"> </span>204,<span class=\"_ _0\"></span>121 <span class=\"_ _80\"> </span>22,<span class=\"_ _0\"></span>023 <span class=\"_ _29\"> </span><span class=\"ff1a ls1b ws79\">549,7<span class=\"_ _8\"></span>76</span>  Equity-ac<span class=\"_ _0\"></span>counted in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estees <span class=\"_ _95\"> </span> <span class=\"_ _88\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _35\"> </span>14,429 <span class=\"_ _5c\"> </span>22,002 <span class=\"_ _80\"> </span><span class=\"ff1a\">36,431</span>  Segment liabilities <span class=\"_ _77\"> </span> <span class=\"_ _a0\"> </span>661,33<span class=\"_ _0\"></span>7 <span class=\"_ _8b\"> </span>266,445 <span class=\"_ _4a\"> </span>627 <span class=\"_ _76\"> </span><span class=\"ff1a\">928,409</span>  Capital expenditur<span class=\"_ _0\"></span>e <span class=\"_ _7f\"> </span>17<span class=\"_ _1\"></span>/19 <span class=\"_ _24\"> </span>34,988 <span class=\"_ _22\"> </span>9,549 <span class=\"_ _a1\"> </span> - <span class=\"_ _a2\"> </span><span class=\"ff1a\">44,538</span>C. Geographic inf<span class=\"_ _0\"></span>ormation Cener<span class=\"_ _0\"></span>gy Holdings\u2019 segments are managed on a w<span class=\"_ _4\"></span>orldwide basis, but operate manuf<span class=\"_ _0\"></span>acturing facilities and sales offices primarily in Gr<span class=\"_ _0\"></span>eece<span class=\"_ _0\"></span>, Romania, Bulgaria and the USA. The segmental inf<span class=\"_ _0\"></span>ormation below is based on the segment r<span class=\"_ _4\"></span>evenue fr<span class=\"_ _4\"></span>om external cust<span class=\"_ _0\"></span>omers b<span class=\"_ _0\"></span>y country of domicile of customers and segment as<span class=\"_ _0\"></span>sets wer<span class=\"_ _4\"></span>e based on the geographic location of the assets.  Amounts in EUR thousand <span class=\"_ _a3\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span> Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue <span class=\"_ _a4\"> </span>2022 2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _a5\"> </span>22,690 <span class=\"_ _a6\"> </span>12,846  Greec<span class=\"_ _0\"></span>e <span class=\"_ _a7\"> </span>435,57<span class=\"_ _0\"></span>8 <span class=\"_ _a8\"> </span>353,658  Germany <span class=\"_ _a9\"> </span>150,559 <span class=\"_ _aa\"> </span>149,328  Romania <span class=\"_ _ab\"> </span>50,558 <span class=\"_ _a6\"> </span>43,819  United Kingdom <span class=\"_ _ac\"> </span>139,906 <span class=\"_ _ad\"> </span>77<span class=\"_ _4\"></span>,803  Other European Union c<span class=\"_ _0\"></span>ountries <span class=\"_ _ae\"> </span>202,7<span class=\"_ _0\"></span>81 <span class=\"_ _af\"> </span>219,<span class=\"_ _4\"></span>192  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _b0\"> </span>37<span class=\"_ _1\"></span>,592 <span class=\"_ _b1\"> </span>43,922  Asia <span class=\"_ _b2\"> </span>109,84<span class=\"_ _0\"></span>7 <span class=\"_ _b3\"> </span>124,68<span class=\"_ _0\"></span>7  Americas <span class=\"_ _b4\"> </span>262,810 <span class=\"_ _b5\"> </span>25,4<span class=\"_ _0\"></span>75  Africa <span class=\"_ _b6\"> </span>7<span class=\"_ _4\"></span>,998 <span class=\"_ _b7\"> </span>3,4<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>4  <span class=\"_\"> </span>Oceania <span class=\"_ _b8\"> </span>5,690 <span class=\"_ _b9\"> </span>-   T<span class=\"_ _1\"></span>otal <span class=\"_ _a7\"> </span>1,426,<span class=\"_ _0\"></span>008 <span class=\"_ _5b\"> </span>1,054,203 The geogr<span class=\"_ _0\"></span>aphic information belo<span class=\"_ _4\"></span>w analyses the consolidated non-curr<span class=\"_ _4\"></span>ent assets by the Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s country of domicile and other countries. In pr<span class=\"_ _0\"></span>esenting the geogr<span class=\"_ _0\"></span>aphic information, segment assets w<span class=\"_ _4\"></span>ere based on the geographic location of the as<span class=\"_ _0\"></span>sets.  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Property<span class=\"_ _1\"></span>, Plant &amp; Equipment <span class=\"_ _bb\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>- <span class=\"_ _be\"> </span>-  Greec<span class=\"_ _0\"></span>e <span class=\"_ _bf\"> </span>492,228 <span class=\"_ _c0\"> </span>450,631  Other <span class=\"_ _c1\"> </span>33,928 <span class=\"_ _ad\"> </span>25,827  T<span class=\"_ _1\"></span>otal <span class=\"_ _c2\"> </span>526,<span class=\"_ _4\"></span>156 <span class=\"_ _c3\"> </span>47<span class=\"_ _0\"></span>6,458  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Right of use assets <span class=\"_ _c4\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _c5\"> </span>15 <span class=\"_ _c6\"> </span>21  Greec<span class=\"_ _0\"></span>e <span class=\"_ _c1\"> </span>2,347 <span class=\"_ _c7\"> </span>2,0<span class=\"_ _4\"></span>78  Other <span class=\"_ _c8\"> </span>1,402 <span class=\"_ _c9\"> </span>1,37<span class=\"_ _0\"></span>0  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _cb\"> </span>3,469  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Intangible assets  <span class=\"_ _cc\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _2\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _97\"> </span>30,367 <span class=\"_ _ad\"> </span>29,7<span class=\"_ _4\"></span>42  Other <span class=\"_ _c8\"> </span>1,590 <span class=\"_ _ce\"> </span>1,512  T<span class=\"_ _1\"></span>otal <span class=\"_ _b6\"> </span>31,957 <span class=\"_ _b5\"> </span>31,254  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Inv<span class=\"_ _4\"></span>estment property <span class=\"_ _cf\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>-  <span class=\"_ _cd\"> </span>-  Greec<span class=\"_ _0\"></span>e <span class=\"_ _c5\"> </span>155 <span class=\"_ _d0\"> </span>764  Other <span class=\"_ _d1\"> </span>-  <span class=\"_ _cd\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _d2\"> </span>155 <span class=\"_ _d0\"> </span>764  Amounts in EUR thousand <span class=\"_ _ba\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> Additions in Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, Plant &amp; Equipment, Intangible assets &amp; Right of use assets <span class=\"_ _d3\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Belgium <span class=\"_ _bd\"> </span>-  <span class=\"_ _cd\"> </span>-  Greec<span class=\"_ _0\"></span>e <span class=\"_ _d4\"> </span>68,785 <span class=\"_ _b5\"> </span>42,510  Other <span class=\"_ _d5\"> </span>11,820 <span class=\"_ _b7\"> </span>2,93<span class=\"_ _0\"></span>7  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>80,605 <span class=\"_ _d7\"> </span>45,446 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-135-3": {
   "value": "A.<span class=\"_\"> </span>Basis for the division into segmentsCener<span class=\"_ _0\"></span>gy Holdings is divided into 2 r<span class=\"_ _0\"></span>eportable segments: \u2022<span class=\"_\"> </span>Cables;\u2022<span class=\"_ _12\"> </span>Steel Pipes.For management purposes, Cener<span class=\"_ _4\"></span>gy Holdings is split into two major s<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>egic r<span class=\"_ _0\"></span>eportable segments which opera<span class=\"_ _0\"></span>te in differ<span class=\"_ _0\"></span>ent industries. T<span class=\"_ _0\"></span>hese segments offer differ<span class=\"_ _4\"></span>ent products and services, and ar<span class=\"_ _0\"></span>e managed separ<span class=\"_ _0\"></span>ately because they r<span class=\"_ _4\"></span>equire differ<span class=\"_ _0\"></span>ent technology and mark<span class=\"_ _0\"></span>eting str<span class=\"_ _0\"></span>ategies. Such structur<span class=\"_ _0\"></span>al organiza<span class=\"_ _0\"></span>tion is determined b<span class=\"_ _0\"></span>y the natur<span class=\"_ _0\"></span>e of risks and returns as<span class=\"_ _0\"></span>sociated with each busines<span class=\"_ _0\"></span>s segment. It is based on the management structur<span class=\"_ _0\"></span>e, as w<span class=\"_ _0\"></span>ell as the internal r<span class=\"_ _0\"></span>eporting sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em. It r<span class=\"_ _0\"></span>epresents the basis on which Cener<span class=\"_ _0\"></span>gy Holdings reports its segmental inf<span class=\"_ _0\"></span>ormation. The segment analy<span class=\"_ _0\"></span>sis pr<span class=\"_ _0\"></span>esented in these Consolidat<span class=\"_ _0\"></span>ed Financial Stat<span class=\"_ _0\"></span>ements reflects oper<span class=\"_ _4\"></span>ations analysed by business. This is the w<span class=\"_ _4\"></span>ay the chief operating decision mak<span class=\"_ _0\"></span>er of Cener<span class=\"_ _0\"></span>gy Holdings r<span class=\"_ _0\"></span>egularly r<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws the operating results of the Gr<span class=\"_ _4\"></span>oup in order to allocate r<span class=\"_ _4\"></span>esources to segments and in as<span class=\"_ _0\"></span>sessing their performanc<span class=\"_ _0\"></span>e. A brief description of the segments is as follo<span class=\"_ _0\"></span>ws: \u2022<span class=\"_ _12\"> </span><span class=\"ff1c\">Cables</span><span class=\"ws1\">: Hellenic Cables, its subsidiaries, and Icme Ecab S.A. manufactur<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er and telecommunication cables</span>for onshor<span class=\"_ _0\"></span>e applications, submarine cables, copper and aluminium wir<span class=\"_ _4\"></span>es and compounds.\u2022<span class=\"_ _12\"> </span><span class=\"ff1c ws1\">Steel pipes<span class=\"ff19\">: Corinth Pipe<span class=\"_ _0\"></span>works engages in the pr<span class=\"_ _4\"></span>oduction of steel pipes for the tr<span class=\"_ _0\"></span>ansportation of natur<span class=\"_ _0\"></span>al gas, oil,</span></span>wat<span class=\"_ _0\"></span>er netw<span class=\"_ _0\"></span>orks, hy<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>ogen and CCS (<span class=\"_ _4\"></span>carbon capture and stor<span class=\"_ _4\"></span>age) technologies, as w<span class=\"_ _0\"></span>ell as st<span class=\"_ _0\"></span>eel hollow sectionswhich are used in c<span class=\"_ _0\"></span>onstruction pr<span class=\"_ _0\"></span>ojects.\u2022<span class=\"_ _12\"> </span><span class=\"ff1c ws1\">Other activities<span class=\"ff19\">: The segment includes the activities of the Holding compan<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-151-3": {
   "value": "7<span class=\"_ _1\"></span>. Re<span class=\"_ _4\"></span>venue A. Significant accounting polic<span class=\"_ _0\"></span>y Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecognises r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. For the detailed accounting polic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, see Note 5.3.<span class=\"_ _8\"></span> B. Nature of goods and servic<span class=\"_ _0\"></span>es Steel pipes projects  Corinth Pipe<span class=\"_ _0\"></span>works pr<span class=\"_ _4\"></span>oduces and sells customized pr<span class=\"_ _4\"></span>oducts to customers mainly for onshor<span class=\"_ _4\"></span>e and offshore pipelines for oil, gas and hy<span class=\"_ _4\"></span>drogen transportation, as w<span class=\"_ _4\"></span>ell as CCS (carbon captur<span class=\"_ _0\"></span>e and st<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>age) applica<span class=\"_ _0\"></span>tions and casing pipes. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Hollow s<span class=\"_ _0\"></span>tructural sections These st<span class=\"_ _0\"></span>eel pr<span class=\"_ _0\"></span>oducts are primarily used in the c<span class=\"_ _0\"></span>onstruction sect<span class=\"_ _0\"></span>or and they ar<span class=\"_ _4\"></span>e used as structural components in metal constructions. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  Cables projects Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries in the cables segment produc<span class=\"_ _0\"></span>es and sells \u201cturnke<span class=\"_ _0\"></span>y\u201d cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems, i.e<span class=\"_ _0\"></span>. supplies and installs complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. In addition, customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts are pr<span class=\"_ _4\"></span>oduced for grid connections, offshor<span class=\"_ _0\"></span>e/onshore wind f<span class=\"_ _0\"></span>arms and other ener<span class=\"_ _0\"></span>gy projects. Under the t<span class=\"_ _0\"></span>erms of the contr<span class=\"_ _0\"></span>acts and due to the high degr<span class=\"_ _4\"></span>ee<span class=\"_ _8\"></span> of customization, these pr<span class=\"_ _4\"></span>oducts have no alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, sinc<span class=\"_ _0\"></span>e they ar<span class=\"_ _4\"></span>e produced acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ding to cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment f<span class=\"_ _0\"></span>or performance c<span class=\"_ _0\"></span>ompleted t<span class=\"_ _0\"></span>o date if the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act is terminat<span class=\"_ _0\"></span>ed by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from such projects is r<span class=\"_ _4\"></span>ecognised ov<span class=\"_ _0\"></span>er time. T<span class=\"_ _0\"></span>he typical length of a c<span class=\"_ _0\"></span>ontract f<span class=\"_ _0\"></span>or turnk<span class=\"_ _0\"></span>ey pr<span class=\"_ _4\"></span>ojects<span class=\"_ _8\"></span> ex<span class=\"_ _4\"></span>ceeds 12 months. For turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y projects, the Gr<span class=\"_ _4\"></span>oup accounts for individual pr<span class=\"_ _0\"></span>oducts and services separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely if they are dis<span class=\"_ _0\"></span>tinct \u2013 i.e<span class=\"_ _0\"></span>. if a product or servic<span class=\"_ _0\"></span>e is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _0\"></span>om other items in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts and if a customer can benefit from it. Po<span class=\"_ _0\"></span>wer &amp; telec<span class=\"_ _0\"></span>om cables The k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y products in this ca<span class=\"_ _0\"></span>tegory ar<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>wer cables and o<span class=\"_ _4\"></span>verhead conduct<span class=\"_ _0\"></span>ors for electric po<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>er distribution networks f<span class=\"_ _0\"></span>or electric po<span class=\"_ _0\"></span>wer oper<span class=\"_ _4\"></span>ators, utilities, industrial applications, r<span class=\"_ _0\"></span>enew<span class=\"_ _0\"></span>able ener<span class=\"_ _0\"></span>gy applications, r<span class=\"_ _0\"></span>ailwa<span class=\"_ _0\"></span>y transportation net<span class=\"_ _0\"></span>works and buildings. T<span class=\"_ _0\"></span>he cat<span class=\"_ _0\"></span>egory also includes telec<span class=\"_ _0\"></span>ommunication, data tr<span class=\"_ _0\"></span>ansmission cables, optical fibre cables and signalling cables. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed. C. Disaggregation of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue<span class=\"_ _8\"></span>  In the follo<span class=\"_ _0\"></span>wing table re<span class=\"_ _4\"></span>venue is disaggrega<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y primary geogr<span class=\"_ _0\"></span>aphical market, major pr<span class=\"_ _4\"></span>oducts and service lines<span class=\"_ _8\"></span> and timing of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognition. The table includes a r<span class=\"_ _0\"></span>econcilia<span class=\"_ _0\"></span>tion with the Group\u2019<span class=\"_ _4\"></span>s reportable segments (see Note 6): Primary geographical mark<span class=\"_ _4\"></span>ets<span class=\"_ _d\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _59\"> </span>38,620 <span class=\"_ _4e\"> </span>21,570 <span class=\"_ _a2\"> </span>396,958 <span class=\"_ _dc\"> </span>332,088 <span class=\"_ _98\"> </span>435,578 <span class=\"_ _dc\"> </span>353,658  Other European Union c<span class=\"_ _0\"></span>ountries <span class=\"_ _b1\"> </span>128,09<span class=\"_ _4\"></span>7 <span class=\"_ _80\"> </span>134,36<span class=\"_ _0\"></span>1 <span class=\"_ _80\"> </span>298,491 <span class=\"_ _52\"> </span>290,82<span class=\"_ _0\"></span>4 <span class=\"_ _5d\"> </span>426,587 <span class=\"_ _29\"> </span>425,<span class=\"_ _0\"></span>185  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _dd\"> </span>28,644 <span class=\"_ _9e\"> </span>16,360 <span class=\"_ _80\"> </span>148,854 <span class=\"_ _76\"> </span>105,366 <span class=\"_ _78\"> </span>177<span class=\"_ _0\"></span>,498 <span class=\"_ _7c\"> </span>121,7<span class=\"_ _0\"></span>25  America <span class=\"_ _de\"> </span>253,255 <span class=\"_ _94\"> </span>16,<span class=\"_ _0\"></span>792 <span class=\"_ _3c\"> </span>9,555 <span class=\"_ _64\"> </span>8,683 <span class=\"_ _93\"> </span>262,810 <span class=\"_ _9f\"> </span>25,4<span class=\"_ _0\"></span>75  Rest of the w<span class=\"_ _0\"></span>orld <span class=\"_ _df\"> </span>13,004 <span class=\"_ _5c\"> </span>40,830 <span class=\"_ _91\"> </span>110,531 <span class=\"_ _8d\"> </span>87<span class=\"_ _1\"></span>,330 <span class=\"_ _a2\"> </span>123,535 <span class=\"_ _79\"> </span>128,160   <span class=\"_ _e0\"> </span>461,620 <span class=\"_ _8d\"> </span>229,913 <span class=\"_ _78\"> </span>964,388 <span class=\"_ _87\"> </span>824,291 <span class=\"_ _23\"> </span>1,426,008 <span class=\"_ _4d\"> </span>1,054,203Major products and service lines<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Steel pipes pr<span class=\"_ _0\"></span>ojects <span class=\"_ _e1\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _81\"> </span>375,87<span class=\"_ _0\"></span>0 <span class=\"_ _5f\"> </span>142,234  Hollow structur<span class=\"_ _4\"></span>al sections <span class=\"_ _e3\"> </span>57<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _94\"> </span>61,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>77 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _64\"> </span>5<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _35\"> </span>61,4<span class=\"_ _4\"></span>77  Cables projects <span class=\"_ _95\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _78\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _4\"></span>79  Pow<span class=\"_ _0\"></span>er &amp; telec<span class=\"_ _0\"></span>om cables <span class=\"_ _e5\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825 <span class=\"_ _a2\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825  Other (wires, r<span class=\"_ _0\"></span>aw ma<span class=\"_ _0\"></span>terials, mer<span class=\"_ _0\"></span>chandize etc.) <span class=\"_ _4e\"> </span>28,6<span class=\"_ _0\"></span>14 <span class=\"_ _85\"> </span>26,202 <span class=\"_ _64\"> </span>10<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>,687 <span class=\"_ _29\"> </span>10<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,886 <span class=\"_ _35\"> </span>136,301 <span class=\"_ _5f\"> </span>134,088  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_\"> </span>824,291 <span class=\"_ _38\"> </span>1,426,008 1,054,203 Timing of re<span class=\"_ _4\"></span>venue recognition<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _94\"> </span>2021 <span class=\"_ _74\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed at a point in time <span class=\"_ _e7\"> </span>85,7<span class=\"_ _0\"></span>50 <span class=\"_ _9e\"> </span>87<span class=\"_ _1\"></span>,679 <span class=\"_ _a2\"> </span>675,206 <span class=\"_ _87\"> </span>550,712 <span class=\"_ _98\"> </span>760,956 <span class=\"_ _81\"> </span>6<span class=\"_ _0\"></span>38,391  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time <span class=\"_ _e8\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e9\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _9b\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _98\"> </span>665,052 <span class=\"_ _98\"> </span>415,813  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_ _2b\"> </span>824,291 <span class=\"_ _7\"> </span>1,426,<span class=\"_ _0\"></span>008 1,054,203 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue increased b<span class=\"_ _4\"></span>y 35% y-o-y to EUR 1,426 million. All cables plants oper<span class=\"_ _4\"></span>ated at close to full pr<span class=\"_ _0\"></span>oduction capacity throughout the y<span class=\"_ _4\"></span>ear pushing the segment<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s re<span class=\"_ _4\"></span>venue 17% higher (+6% in cables projects and +28% in po<span class=\"_ _4\"></span>wer and telecom pr<span class=\"_ _4\"></span>oducts), while steel pipes suc<span class=\"_ _0\"></span>ceeded t<span class=\"_ _0\"></span>o more than double their r<span class=\"_ _4\"></span>evenue c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021. In s<span class=\"_ _0\"></span>teel pipes segment, appro<span class=\"_ _4\"></span>ximately two thir<span class=\"_ _4\"></span>ds of the rev<span class=\"_ _4\"></span>enue change is due to an increase in sales v<span class=\"_ _0\"></span>olume, while the r<span class=\"_ _0\"></span>emaining is due to the effect of the incr<span class=\"_ _4\"></span>ease in steel prices (a<span class=\"_ _0\"></span>ver<span class=\"_ _4\"></span>age price of steel in 2022 w<span class=\"_ _0\"></span>as 22% higher than in 2021). Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecognised in the future r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o performanc<span class=\"_ _0\"></span>e obligations that ar<span class=\"_ _0\"></span>e unsatisfied (<span class=\"_ _0\"></span>or partially unsatisfied) at the r<span class=\"_ _0\"></span>eporting date amounts t<span class=\"_ _0\"></span>o EUR 525.6 million. An amount of EUR 463.<span class=\"_ _0\"></span>4 million is expect<span class=\"_ _0\"></span>ed to be rec<span class=\"_ _0\"></span>ognised during 2023, while the r<span class=\"_ _0\"></span>emaing EUR 62.2 million is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be rec<span class=\"_ _0\"></span>ognised during the periods fr<span class=\"_ _0\"></span>om 202<span class=\"_ _0\"></span>4 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds based on the time schedules included in the open contr<span class=\"_ _0\"></span>acts on 31 December 20<span class=\"_ _0\"></span>22, which hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> original expect<span class=\"_ _0\"></span>ed dur<span class=\"_ _0\"></span>ations of mor<span class=\"_ _0\"></span>e than one year and r<span class=\"_ _4\"></span>evenue r<span class=\"_ _4\"></span>ecognition started during 2022 or prior periods. D<span class=\"_ _0\"></span>. Contr<span class=\"_ _0\"></span>act balances The f<span class=\"_ _0\"></span>ollowing table pr<span class=\"_ _4\"></span>ovides information about c<span class=\"_ _0\"></span>ontracts as<span class=\"_ _0\"></span>sets and contr<span class=\"_ _0\"></span>acts liabilities fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts with customers:  Amounts in EUR thousand <span class=\"_ _ea\"> </span>31 December 2022 <span class=\"_ _75\"> </span>31 December 2021<span class=\"_ _d\"></span>  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _eb\"> </span>195,481 <span class=\"_ _ec\"> </span>98,217  Contract liabilities <span class=\"_ _ed\"> </span>118,669 <span class=\"_ _b1\"> </span>35,898  Out of which: L<span class=\"_ _0\"></span>ong term C<span class=\"_ _0\"></span>ontract liabilities <span class=\"_ _ee\"> </span>9,<span class=\"_ _0\"></span>889 <span class=\"_ _c7\"> </span>9,889Significant changes in the contr<span class=\"_ _0\"></span>act assets and the c<span class=\"_ _0\"></span>ontract liabilities balanc<span class=\"_ _0\"></span>es during the period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _ef\"> </span>Contr<span class=\"_ _0\"></span>act assets <span class=\"_ _f0\"> </span>Contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _d\"></span>  <span class=\"_ _f1\"> </span>2022 2021 <span class=\"_ _2c\"> </span>2022 <span class=\"_ _5\"> </span>2021<span class=\"_ _d\"></span>  Opening balance <span class=\"_ _f2\"> </span>98,217 <span class=\"_ _57\"> </span>64,87<span class=\"_ _0\"></span>5 <span class=\"_ _f3\"> </span>35,898 <span class=\"_ _3c\"> </span>40,085  Rev<span class=\"_ _4\"></span>enue recognised that w<span class=\"_ _0\"></span>as included in the contr<span class=\"_ _0\"></span>act   liability balance at the beginning of the period <span class=\"_ _f4\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _24\"> </span>(24,223) <span class=\"_ _61\"> </span>(19,72<span class=\"_ _0\"></span>7)  Increases due t<span class=\"_ _0\"></span>o cash rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed, ex<span class=\"_ _4\"></span>cluding amounts   rec<span class=\"_ _0\"></span>ognised as re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue during the period <span class=\"_ _f5\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _db\"> </span>106,994 <span class=\"_ _f6\"> </span>15,542  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>ers from c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>ognised at the   beginning of the period to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f7\"> </span>(69,<span class=\"_ _4\"></span>171) <span class=\"_ _9e\"> </span>(57<span class=\"_ _1\"></span>,268) <span class=\"_ _f8\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Increases as a r<span class=\"_ _0\"></span>esult of changes in the measur<span class=\"_ _0\"></span>e of progr<span class=\"_ _0\"></span>ess <span class=\"_ _9a\"> </span>166,77<span class=\"_ _4\"></span>4 <span class=\"_ _61\"> </span>90,784 <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _fa\"> </span>(454) <span class=\"_ _88\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _fb\"> </span>(2)  Impairment loss <span class=\"_ _fc\"> </span>(12) <span class=\"_ _42\"> </span>(175) <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  Impairment loss re<span class=\"_ _4\"></span>versal <span class=\"_ _fd\"> </span>127 <span class=\"_ _88\"> </span>-  <span class=\"_ _fe\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Closing balance <span class=\"_ _ff\"> </span>195,481 <span class=\"_ _63\"> </span>98,217 <span class=\"_ _44\"> </span>118,669 <span class=\"_ _86\"> </span>35,898 Contr<span class=\"_ _0\"></span>act assets incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>.3 million compared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. Such increase is at<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o both steel pipes segment (EUR 38.8 million) due t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>owth in pr<span class=\"_ _4\"></span>oject-related activities and cables segment (EUR 58.5 million increase<span class=\"_ _4\"></span>) due to the timing of inv<span class=\"_ _0\"></span>oicing of specific ongoing pr<span class=\"_ _0\"></span>ojects for which the pr<span class=\"_ _0\"></span>oduction started during the second half of the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Contr<span class=\"_ _0\"></span>act liabilities primarily rela<span class=\"_ _0\"></span>te to the adv<span class=\"_ _4\"></span>ance considera<span class=\"_ _0\"></span>tion rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om customers f<span class=\"_ _0\"></span>or cons<span class=\"_ _0\"></span>truction of customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts or energy pr<span class=\"_ _4\"></span>ojects for which re<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Contr<span class=\"_ _0\"></span>act liabilities which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be settled within mor<span class=\"_ _4\"></span>e than one year are clas<span class=\"_ _0\"></span>sified as non-curr<span class=\"_ _0\"></span>ent liabilities (EUR 9,889 thousand on 31 December 2021). C<span class=\"_ _0\"></span>ontract liabilities incr<span class=\"_ _4\"></span>eased by EUR 82.8 million compar<span class=\"_ _0\"></span>ed to 31 Dec<span class=\"_ _0\"></span>ember 2021 mainly due to the downpa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed close to year\u2019s end for the e<span class=\"_ _4\"></span>xecution of steel pipes ener<span class=\"_ _4\"></span>gy projects.  E. Contr<span class=\"_ _0\"></span>act costs Management expects tha<span class=\"_ _0\"></span>t fees, commis<span class=\"_ _0\"></span>sions &amp; other costs as<span class=\"_ _0\"></span>sociated with obtaining c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects are r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able. Cener<span class=\"_ _4\"></span>gy Holdings recor<span class=\"_ _0\"></span>ded costs incurr<span class=\"_ _4\"></span>ed to obtain a contract of EUR 236 thousand as C<span class=\"_ _0\"></span>ontract costs on 31 Dec<span class=\"_ _0\"></span>ember 2022 (31 Dec<span class=\"_ _0\"></span>ember 2021: EUR 389 thousand). In addition, costs t<span class=\"_ _0\"></span>o fulfill a contr<span class=\"_ _0\"></span>act ar<span class=\"_ _0\"></span>e capitalised, if the<span class=\"_ _0\"></span>y are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act and ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable<span class=\"_ _0\"></span>. Such contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts may include mat<span class=\"_ _0\"></span>erials used for t<span class=\"_ _0\"></span>ests nec<span class=\"_ _0\"></span>essary for the pr<span class=\"_ _4\"></span>oduction, labor costs, insuranc<span class=\"_ _0\"></span>e fees and other c<span class=\"_ _0\"></span>osts neces<span class=\"_ _0\"></span>sary to fulfil perf<span class=\"_ _0\"></span>ormance obligations under a c<span class=\"_ _0\"></span>ontract onc<span class=\"_ _0\"></span>e it is obtained, but befor<span class=\"_ _0\"></span>e transf<span class=\"_ _0\"></span>erring the contr<span class=\"_ _4\"></span>ol of goods or rendering services to the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Costs incurred t<span class=\"_ _0\"></span>o fulfil a contr<span class=\"_ _0\"></span>act on 31 December 2022 and 20<span class=\"_ _0\"></span>21 was z<span class=\"_ _0\"></span>ero<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> Ther<span class=\"_ _0\"></span>efor<span class=\"_ _4\"></span>e, on 31 December 2022 Cener<span class=\"_ _0\"></span>gy Holdings has r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded as contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts an amount of EUR 236 thousand, out of which an amount of EUR 222 thousand is classified as non-curr<span class=\"_ _0\"></span>ent assets. Contr<span class=\"_ _0\"></span>act costs of obtaining or fulfilling a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act are e<span class=\"_ _4\"></span>xpensed to cost of sales when the r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>evenue is rec<span class=\"_ _0\"></span>ognised. In 2022, ther<span class=\"_ _0\"></span>e was no impairment los<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>elation to c<span class=\"_ _0\"></span>ontract c<span class=\"_ _0\"></span>osts. F<span class=\"_ _1\"></span>. Significant judgments in rev<span class=\"_ _4\"></span>enue recognition In rec<span class=\"_ _0\"></span>ognizing r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue the Group makes judgements r<span class=\"_ _4\"></span>egarding the timing of satisfaction of performanc<span class=\"_ _0\"></span>e obligations, the identification of distinct perf<span class=\"_ _0\"></span>ormance obligations, as w<span class=\"_ _0\"></span>ell as the tr<span class=\"_ _0\"></span>ansaction price and the amounts allocated t<span class=\"_ _0\"></span>o performance obliga<span class=\"_ _0\"></span>tions. The mos<span class=\"_ _0\"></span>t significant of these estimates ar<span class=\"_ _4\"></span>e described below: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>ontracts including multiple perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions are mainly identified in cables segment f<span class=\"_ _0\"></span>or turnke<span class=\"_ _4\"></span>y<span class=\"_ _8\"></span> projects and f<span class=\"_ _0\"></span>or customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts in both segments, as described in Note 7<span class=\"_ _1\"></span>.B and Note 5.3. In such cases the total tr<span class=\"_ _0\"></span>ansaction price is allocat<span class=\"_ _0\"></span>ed to these perf<span class=\"_ _0\"></span>ormance obligations on the basis of the r<span class=\"_ _4\"></span>elative standalone selling prices of the pr<span class=\"_ _0\"></span>omised goods or services. If these goods and servic<span class=\"_ _0\"></span>es are not sold separ<span class=\"_ _4\"></span>ately<span class=\"_ _4\"></span>, a cost plus margin appr<span class=\"_ _4\"></span>oach is used to estimate the standalone selling pric<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue deriving from the production of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts for ener<span class=\"_ _0\"></span>gy projects is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ertime. In such projects, c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed by C<span class=\"_ _0\"></span>energy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>escribe the pr<span class=\"_ _0\"></span>omises of both: \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>oducing customized pr<span class=\"_ _0\"></span>oducts based on customers\u2019 specifica<span class=\"_ _0\"></span>tions; and \u2022 <span class=\"_ _23\"> </span>tr<span class=\"_ _4\"></span>ansporting them to the customer\u2019s site<span class=\"_ _0\"></span>.  <span class=\"_ _52\"> </span>In such cases, transportation is consider<span class=\"_ _0\"></span>ed as a separ<span class=\"_ _0\"></span>ate perf<span class=\"_ _0\"></span>ormance obligation, sinc<span class=\"_ _0\"></span>e both criteria pr<span class=\"_ _0\"></span>escribed in IFRS 15.27 ar<span class=\"_ _0\"></span>e met, since the cus<span class=\"_ _0\"></span>tomer benefits fr<span class=\"_ _0\"></span>om the offer<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansportation service and the pr<span class=\"_ _4\"></span>omise<span class=\"_ _8\"></span> to tr<span class=\"_ _0\"></span>ansport the goods to the cus<span class=\"_ _0\"></span>tomer is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _4\"></span>om the production of these customiz<span class=\"_ _0\"></span>ed products.  <span class=\"_ _52\"> </span>Rev<span class=\"_ _0\"></span>enue for or<span class=\"_ _0\"></span>ders of standar<span class=\"_ _0\"></span>dized pr<span class=\"_ _4\"></span>oducts (i.e. hollow s<span class=\"_ _0\"></span>tructur<span class=\"_ _0\"></span>al sections, wires and non-cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pow<span class=\"_ _4\"></span>er<span class=\"_ _8\"></span> &amp; telecom cables<span class=\"_ _4\"></span>) is recognized at a specific point in time and tr<span class=\"_ _4\"></span>ansportation is not considered a separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e performance obliga<span class=\"_ _0\"></span>tion, since the second crit<span class=\"_ _0\"></span>erion of IFRS 15.27 is not met. \u2022 <span class=\"_ _23\"> </span>Some c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts with customers in<span class=\"_ _4\"></span>volve a v<span class=\"_ _4\"></span>ariable transaction cost as the<span class=\"_ _0\"></span>y include a v<span class=\"_ _0\"></span>olume or tr<span class=\"_ _0\"></span>ade discount based on the total sales to the cus<span class=\"_ _0\"></span>tomer within a time period. In such case r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised based on the anticipated sales t<span class=\"_ _0\"></span>o the customer thr<span class=\"_ _4\"></span>oughout the year<span class=\"_ _4\"></span>, as these sales are r<span class=\"_ _0\"></span>ealized and ne<span class=\"_ _4\"></span>w orders are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> and up to an e<span class=\"_ _0\"></span>xtent it is highly pr<span class=\"_ _4\"></span>obable that a significant rev<span class=\"_ _4\"></span>ersal of cumulative r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue recognised will not be needed. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-151-4": {
   "value": "7<span class=\"_ _1\"></span>. Re<span class=\"_ _4\"></span>venue A. Significant accounting polic<span class=\"_ _0\"></span>y Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is measured based on the c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ation specified in a contr<span class=\"_ _0\"></span>act with a cust<span class=\"_ _0\"></span>omer and e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cludes amounts collected on behalf of thir<span class=\"_ _4\"></span>d parties. Cenergy Holdings r<span class=\"_ _0\"></span>ecognises r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue when it transf<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ol o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a pr<span class=\"_ _0\"></span>oduct or service to a cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. For the detailed accounting polic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, see Note 5.3.<span class=\"_ _8\"></span> B. Nature of goods and servic<span class=\"_ _0\"></span>es Steel pipes projects  Corinth Pipe<span class=\"_ _0\"></span>works pr<span class=\"_ _4\"></span>oduces and sells customized pr<span class=\"_ _4\"></span>oducts to customers mainly for onshor<span class=\"_ _4\"></span>e and offshore pipelines for oil, gas and hy<span class=\"_ _4\"></span>drogen transportation, as w<span class=\"_ _4\"></span>ell as CCS (carbon captur<span class=\"_ _0\"></span>e and st<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>age) applica<span class=\"_ _0\"></span>tions and casing pipes. Under the terms of the contr<span class=\"_ _4\"></span>acts and due to the high degree of cust<span class=\"_ _0\"></span>omization, these pr<span class=\"_ _0\"></span>oducts hav<span class=\"_ _4\"></span>e no alternative use, since the<span class=\"_ _4\"></span>y are produc<span class=\"_ _0\"></span>ed acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment for performanc<span class=\"_ _0\"></span>e complet<span class=\"_ _0\"></span>ed to dat<span class=\"_ _0\"></span>e if the contr<span class=\"_ _4\"></span>act is terminated by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue from such pr<span class=\"_ _4\"></span>ojects is therefor<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognised o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Hollow s<span class=\"_ _0\"></span>tructural sections These st<span class=\"_ _0\"></span>eel pr<span class=\"_ _0\"></span>oducts are primarily used in the c<span class=\"_ _0\"></span>onstruction sect<span class=\"_ _0\"></span>or and they ar<span class=\"_ _4\"></span>e used as structural components in metal constructions. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol of the goods sold has been transf<span class=\"_ _0\"></span>erred.  Cables projects Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries in the cables segment produc<span class=\"_ _0\"></span>es and sells \u201cturnke<span class=\"_ _0\"></span>y\u201d cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems, i.e<span class=\"_ _0\"></span>. supplies and installs complet<span class=\"_ _0\"></span>e cable sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ems. In addition, customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts are pr<span class=\"_ _4\"></span>oduced for grid connections, offshor<span class=\"_ _0\"></span>e/onshore wind f<span class=\"_ _0\"></span>arms and other ener<span class=\"_ _0\"></span>gy projects. Under the t<span class=\"_ _0\"></span>erms of the contr<span class=\"_ _0\"></span>acts and due to the high degr<span class=\"_ _4\"></span>ee<span class=\"_ _8\"></span> of customization, these pr<span class=\"_ _4\"></span>oducts have no alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e use, sinc<span class=\"_ _0\"></span>e they ar<span class=\"_ _4\"></span>e produced acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ding to cust<span class=\"_ _0\"></span>omers\u2019 specifications, while there is an enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable right t<span class=\"_ _0\"></span>o payment f<span class=\"_ _0\"></span>or performance c<span class=\"_ _0\"></span>ompleted t<span class=\"_ _0\"></span>o date if the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act is terminat<span class=\"_ _0\"></span>ed by the cus<span class=\"_ _0\"></span>tomer or another party f<span class=\"_ _0\"></span>or r<span class=\"_ _0\"></span>easons other than Cener<span class=\"_ _0\"></span>gy Holdings\u2019 failur<span class=\"_ _0\"></span>e to perf<span class=\"_ _0\"></span>orm as promised. R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue from such projects is r<span class=\"_ _4\"></span>ecognised ov<span class=\"_ _0\"></span>er time. T<span class=\"_ _0\"></span>he typical length of a c<span class=\"_ _0\"></span>ontract f<span class=\"_ _0\"></span>or turnk<span class=\"_ _0\"></span>ey pr<span class=\"_ _4\"></span>ojects<span class=\"_ _8\"></span> ex<span class=\"_ _4\"></span>ceeds 12 months. For turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y projects, the Gr<span class=\"_ _4\"></span>oup accounts for individual pr<span class=\"_ _0\"></span>oducts and services separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ely if they are dis<span class=\"_ _0\"></span>tinct \u2013 i.e<span class=\"_ _0\"></span>. if a product or servic<span class=\"_ _0\"></span>e is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _0\"></span>om other items in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts and if a customer can benefit from it. Po<span class=\"_ _0\"></span>wer &amp; telec<span class=\"_ _0\"></span>om cables The k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y products in this ca<span class=\"_ _0\"></span>tegory ar<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>wer cables and o<span class=\"_ _4\"></span>verhead conduct<span class=\"_ _0\"></span>ors for electric po<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>er distribution networks f<span class=\"_ _0\"></span>or electric po<span class=\"_ _0\"></span>wer oper<span class=\"_ _4\"></span>ators, utilities, industrial applications, r<span class=\"_ _0\"></span>enew<span class=\"_ _0\"></span>able ener<span class=\"_ _0\"></span>gy applications, r<span class=\"_ _0\"></span>ailwa<span class=\"_ _0\"></span>y transportation net<span class=\"_ _0\"></span>works and buildings. T<span class=\"_ _0\"></span>he cat<span class=\"_ _0\"></span>egory also includes telec<span class=\"_ _0\"></span>ommunication, data tr<span class=\"_ _0\"></span>ansmission cables, optical fibre cables and signalling cables. F<span class=\"_ _0\"></span>or sales of such pr<span class=\"_ _0\"></span>oducts, r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue is recognised at a point of time, when the contr<span class=\"_ _0\"></span>ol of the goods sold has been tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed. C. Disaggregation of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue<span class=\"_ _8\"></span>  In the follo<span class=\"_ _0\"></span>wing table re<span class=\"_ _4\"></span>venue is disaggrega<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>y primary geogr<span class=\"_ _0\"></span>aphical market, major pr<span class=\"_ _4\"></span>oducts and service lines<span class=\"_ _8\"></span> and timing of re<span class=\"_ _4\"></span>venue rec<span class=\"_ _0\"></span>ognition. The table includes a r<span class=\"_ _0\"></span>econcilia<span class=\"_ _0\"></span>tion with the Group\u2019<span class=\"_ _4\"></span>s reportable segments (see Note 6): Primary geographical mark<span class=\"_ _4\"></span>ets<span class=\"_ _d\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _59\"> </span>38,620 <span class=\"_ _4e\"> </span>21,570 <span class=\"_ _a2\"> </span>396,958 <span class=\"_ _dc\"> </span>332,088 <span class=\"_ _98\"> </span>435,578 <span class=\"_ _dc\"> </span>353,658  Other European Union c<span class=\"_ _0\"></span>ountries <span class=\"_ _b1\"> </span>128,09<span class=\"_ _4\"></span>7 <span class=\"_ _80\"> </span>134,36<span class=\"_ _0\"></span>1 <span class=\"_ _80\"> </span>298,491 <span class=\"_ _52\"> </span>290,82<span class=\"_ _0\"></span>4 <span class=\"_ _5d\"> </span>426,587 <span class=\"_ _29\"> </span>425,<span class=\"_ _0\"></span>185  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _dd\"> </span>28,644 <span class=\"_ _9e\"> </span>16,360 <span class=\"_ _80\"> </span>148,854 <span class=\"_ _76\"> </span>105,366 <span class=\"_ _78\"> </span>177<span class=\"_ _0\"></span>,498 <span class=\"_ _7c\"> </span>121,7<span class=\"_ _0\"></span>25  America <span class=\"_ _de\"> </span>253,255 <span class=\"_ _94\"> </span>16,<span class=\"_ _0\"></span>792 <span class=\"_ _3c\"> </span>9,555 <span class=\"_ _64\"> </span>8,683 <span class=\"_ _93\"> </span>262,810 <span class=\"_ _9f\"> </span>25,4<span class=\"_ _0\"></span>75  Rest of the w<span class=\"_ _0\"></span>orld <span class=\"_ _df\"> </span>13,004 <span class=\"_ _5c\"> </span>40,830 <span class=\"_ _91\"> </span>110,531 <span class=\"_ _8d\"> </span>87<span class=\"_ _1\"></span>,330 <span class=\"_ _a2\"> </span>123,535 <span class=\"_ _79\"> </span>128,160   <span class=\"_ _e0\"> </span>461,620 <span class=\"_ _8d\"> </span>229,913 <span class=\"_ _78\"> </span>964,388 <span class=\"_ _87\"> </span>824,291 <span class=\"_ _23\"> </span>1,426,008 <span class=\"_ _4d\"> </span>1,054,203Major products and service lines<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _22\"> </span>2021 <span class=\"_ _61\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Steel pipes pr<span class=\"_ _0\"></span>ojects <span class=\"_ _e1\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _81\"> </span>375,87<span class=\"_ _0\"></span>0 <span class=\"_ _5f\"> </span>142,234  Hollow structur<span class=\"_ _4\"></span>al sections <span class=\"_ _e3\"> </span>57<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _94\"> </span>61,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>77 <span class=\"_ _e2\"> </span>-  <span class=\"_ _9a\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _64\"> </span>5<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>136 <span class=\"_ _35\"> </span>61,4<span class=\"_ _4\"></span>77  Cables projects <span class=\"_ _95\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _78\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _5f\"> </span>273,5<span class=\"_ _4\"></span>79  Pow<span class=\"_ _0\"></span>er &amp; telec<span class=\"_ _0\"></span>om cables <span class=\"_ _e5\"> </span>- <span class=\"fc6 sc0\"> </span><span class=\"_ _e4\"> </span>-  <span class=\"_ _5c\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825 <span class=\"_ _a2\"> </span>567<span class=\"_ _1\"></span>,519 <span class=\"_ _dc\"> </span>442,825  Other (wires, r<span class=\"_ _0\"></span>aw ma<span class=\"_ _0\"></span>terials, mer<span class=\"_ _0\"></span>chandize etc.) <span class=\"_ _4e\"> </span>28,6<span class=\"_ _0\"></span>14 <span class=\"_ _85\"> </span>26,202 <span class=\"_ _64\"> </span>10<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>,687 <span class=\"_ _29\"> </span>10<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,886 <span class=\"_ _35\"> </span>136,301 <span class=\"_ _5f\"> </span>134,088  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_\"> </span>824,291 <span class=\"_ _38\"> </span>1,426,008 1,054,203 Timing of re<span class=\"_ _4\"></span>venue recognition<span class=\"_ _8\"></span> Segment <span class=\"_ _d8\"> </span>Steel Pipes <span class=\"_ _d9\"> </span>Cables <span class=\"_ _b1\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _da\"> </span>2022 <span class=\"_ _db\"> </span>2021 <span class=\"_ _86\"> </span>2022 <span class=\"_ _94\"> </span>2021 <span class=\"_ _74\"> </span>2022 <span class=\"_ _91\"> </span>2021<span class=\"_ _8\"></span>  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed at a point in time <span class=\"_ _e7\"> </span>85,7<span class=\"_ _0\"></span>50 <span class=\"_ _9e\"> </span>87<span class=\"_ _1\"></span>,679 <span class=\"_ _a2\"> </span>675,206 <span class=\"_ _87\"> </span>550,712 <span class=\"_ _98\"> </span>760,956 <span class=\"_ _81\"> </span>6<span class=\"_ _0\"></span>38,391  Products tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time <span class=\"_ _e8\"> </span>37<span class=\"_ _0\"></span>5,87<span class=\"_ _0\"></span>0 <span class=\"_ _9f\"> </span>142,234 <span class=\"_ _e9\"> </span>289,<span class=\"_ _4\"></span>182 <span class=\"_ _9b\"> </span>273,5<span class=\"_ _0\"></span>79 <span class=\"_ _98\"> </span>665,052 <span class=\"_ _98\"> </span>415,813  <span class=\"_ _e6\"> </span>461,620 <span class=\"_ _36\"> </span>229,913 <span class=\"_ _9b\"> </span>964,388 <span class=\"_ _2b\"> </span>824,291 <span class=\"_ _7\"> </span>1,426,<span class=\"_ _0\"></span>008 1,054,203 Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue increased b<span class=\"_ _4\"></span>y 35% y-o-y to EUR 1,426 million. All cables plants oper<span class=\"_ _4\"></span>ated at close to full pr<span class=\"_ _0\"></span>oduction capacity throughout the y<span class=\"_ _4\"></span>ear pushing the segment<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>s re<span class=\"_ _4\"></span>venue 17% higher (+6% in cables projects and +28% in po<span class=\"_ _4\"></span>wer and telecom pr<span class=\"_ _4\"></span>oducts), while steel pipes suc<span class=\"_ _0\"></span>ceeded t<span class=\"_ _0\"></span>o more than double their r<span class=\"_ _4\"></span>evenue c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021. In s<span class=\"_ _0\"></span>teel pipes segment, appro<span class=\"_ _4\"></span>ximately two thir<span class=\"_ _4\"></span>ds of the rev<span class=\"_ _4\"></span>enue change is due to an increase in sales v<span class=\"_ _0\"></span>olume, while the r<span class=\"_ _0\"></span>emaining is due to the effect of the incr<span class=\"_ _4\"></span>ease in steel prices (a<span class=\"_ _0\"></span>ver<span class=\"_ _4\"></span>age price of steel in 2022 w<span class=\"_ _0\"></span>as 22% higher than in 2021). Re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ecognised in the future r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o performanc<span class=\"_ _0\"></span>e obligations that ar<span class=\"_ _0\"></span>e unsatisfied (<span class=\"_ _0\"></span>or partially unsatisfied) at the r<span class=\"_ _0\"></span>eporting date amounts t<span class=\"_ _0\"></span>o EUR 525.6 million. An amount of EUR 463.<span class=\"_ _0\"></span>4 million is expect<span class=\"_ _0\"></span>ed to be rec<span class=\"_ _0\"></span>ognised during 2023, while the r<span class=\"_ _0\"></span>emaing EUR 62.2 million is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be rec<span class=\"_ _0\"></span>ognised during the periods fr<span class=\"_ _0\"></span>om 202<span class=\"_ _0\"></span>4 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds based on the time schedules included in the open contr<span class=\"_ _0\"></span>acts on 31 December 20<span class=\"_ _0\"></span>22, which hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> original expect<span class=\"_ _0\"></span>ed dur<span class=\"_ _0\"></span>ations of mor<span class=\"_ _0\"></span>e than one year and r<span class=\"_ _4\"></span>evenue r<span class=\"_ _4\"></span>ecognition started during 2022 or prior periods. D<span class=\"_ _0\"></span>. Contr<span class=\"_ _0\"></span>act balances The f<span class=\"_ _0\"></span>ollowing table pr<span class=\"_ _4\"></span>ovides information about c<span class=\"_ _0\"></span>ontracts as<span class=\"_ _0\"></span>sets and contr<span class=\"_ _0\"></span>acts liabilities fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts with customers:  Amounts in EUR thousand <span class=\"_ _ea\"> </span>31 December 2022 <span class=\"_ _75\"> </span>31 December 2021<span class=\"_ _d\"></span>  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _eb\"> </span>195,481 <span class=\"_ _ec\"> </span>98,217  Contract liabilities <span class=\"_ _ed\"> </span>118,669 <span class=\"_ _b1\"> </span>35,898  Out of which: L<span class=\"_ _0\"></span>ong term C<span class=\"_ _0\"></span>ontract liabilities <span class=\"_ _ee\"> </span>9,<span class=\"_ _0\"></span>889 <span class=\"_ _c7\"> </span>9,889Significant changes in the contr<span class=\"_ _0\"></span>act assets and the c<span class=\"_ _0\"></span>ontract liabilities balanc<span class=\"_ _0\"></span>es during the period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _ef\"> </span>Contr<span class=\"_ _0\"></span>act assets <span class=\"_ _f0\"> </span>Contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _d\"></span>  <span class=\"_ _f1\"> </span>2022 2021 <span class=\"_ _2c\"> </span>2022 <span class=\"_ _5\"> </span>2021<span class=\"_ _d\"></span>  Opening balance <span class=\"_ _f2\"> </span>98,217 <span class=\"_ _57\"> </span>64,87<span class=\"_ _0\"></span>5 <span class=\"_ _f3\"> </span>35,898 <span class=\"_ _3c\"> </span>40,085  Rev<span class=\"_ _4\"></span>enue recognised that w<span class=\"_ _0\"></span>as included in the contr<span class=\"_ _0\"></span>act   liability balance at the beginning of the period <span class=\"_ _f4\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _24\"> </span>(24,223) <span class=\"_ _61\"> </span>(19,72<span class=\"_ _0\"></span>7)  Increases due t<span class=\"_ _0\"></span>o cash rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed, ex<span class=\"_ _4\"></span>cluding amounts   rec<span class=\"_ _0\"></span>ognised as re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue during the period <span class=\"_ _f5\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _db\"> </span>106,994 <span class=\"_ _f6\"> </span>15,542  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>ers from c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>ognised at the   beginning of the period to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f7\"> </span>(69,<span class=\"_ _4\"></span>171) <span class=\"_ _9e\"> </span>(57<span class=\"_ _1\"></span>,268) <span class=\"_ _f8\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Increases as a r<span class=\"_ _0\"></span>esult of changes in the measur<span class=\"_ _0\"></span>e of progr<span class=\"_ _0\"></span>ess <span class=\"_ _9a\"> </span>166,77<span class=\"_ _4\"></span>4 <span class=\"_ _61\"> </span>90,784 <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _fa\"> </span>(454) <span class=\"_ _88\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _fb\"> </span>(2)  Impairment loss <span class=\"_ _fc\"> </span>(12) <span class=\"_ _42\"> </span>(175) <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  Impairment loss re<span class=\"_ _4\"></span>versal <span class=\"_ _fd\"> </span>127 <span class=\"_ _88\"> </span>-  <span class=\"_ _fe\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Closing balance <span class=\"_ _ff\"> </span>195,481 <span class=\"_ _63\"> </span>98,217 <span class=\"_ _44\"> </span>118,669 <span class=\"_ _86\"> </span>35,898 Contr<span class=\"_ _0\"></span>act assets incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>.3 million compared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. Such increase is at<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o both steel pipes segment (EUR 38.8 million) due t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>owth in pr<span class=\"_ _4\"></span>oject-related activities and cables segment (EUR 58.5 million increase<span class=\"_ _4\"></span>) due to the timing of inv<span class=\"_ _0\"></span>oicing of specific ongoing pr<span class=\"_ _0\"></span>ojects for which the pr<span class=\"_ _0\"></span>oduction started during the second half of the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Contr<span class=\"_ _0\"></span>act liabilities primarily rela<span class=\"_ _0\"></span>te to the adv<span class=\"_ _4\"></span>ance considera<span class=\"_ _0\"></span>tion rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om customers f<span class=\"_ _0\"></span>or cons<span class=\"_ _0\"></span>truction of customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts or energy pr<span class=\"_ _4\"></span>ojects for which re<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Contr<span class=\"_ _0\"></span>act liabilities which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be settled within mor<span class=\"_ _4\"></span>e than one year are clas<span class=\"_ _0\"></span>sified as non-curr<span class=\"_ _0\"></span>ent liabilities (EUR 9,889 thousand on 31 December 2021). C<span class=\"_ _0\"></span>ontract liabilities incr<span class=\"_ _4\"></span>eased by EUR 82.8 million compar<span class=\"_ _0\"></span>ed to 31 Dec<span class=\"_ _0\"></span>ember 2021 mainly due to the downpa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed close to year\u2019s end for the e<span class=\"_ _4\"></span>xecution of steel pipes ener<span class=\"_ _4\"></span>gy projects.  E. Contr<span class=\"_ _0\"></span>act costs Management expects tha<span class=\"_ _0\"></span>t fees, commis<span class=\"_ _0\"></span>sions &amp; other costs as<span class=\"_ _0\"></span>sociated with obtaining c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts for ener<span class=\"_ _0\"></span>gy pr<span class=\"_ _0\"></span>ojects are r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>able. Cener<span class=\"_ _4\"></span>gy Holdings recor<span class=\"_ _0\"></span>ded costs incurr<span class=\"_ _4\"></span>ed to obtain a contract of EUR 236 thousand as C<span class=\"_ _0\"></span>ontract costs on 31 Dec<span class=\"_ _0\"></span>ember 2022 (31 Dec<span class=\"_ _0\"></span>ember 2021: EUR 389 thousand). In addition, costs t<span class=\"_ _0\"></span>o fulfill a contr<span class=\"_ _0\"></span>act ar<span class=\"_ _0\"></span>e capitalised, if the<span class=\"_ _0\"></span>y are dir<span class=\"_ _4\"></span>ectly associated with the contr<span class=\"_ _0\"></span>act and ar<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable<span class=\"_ _0\"></span>. Such contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts may include mat<span class=\"_ _0\"></span>erials used for t<span class=\"_ _0\"></span>ests nec<span class=\"_ _0\"></span>essary for the pr<span class=\"_ _4\"></span>oduction, labor costs, insuranc<span class=\"_ _0\"></span>e fees and other c<span class=\"_ _0\"></span>osts neces<span class=\"_ _0\"></span>sary to fulfil perf<span class=\"_ _0\"></span>ormance obligations under a c<span class=\"_ _0\"></span>ontract onc<span class=\"_ _0\"></span>e it is obtained, but befor<span class=\"_ _0\"></span>e transf<span class=\"_ _0\"></span>erring the contr<span class=\"_ _4\"></span>ol of goods or rendering services to the cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Costs incurred t<span class=\"_ _0\"></span>o fulfil a contr<span class=\"_ _0\"></span>act on 31 December 2022 and 20<span class=\"_ _0\"></span>21 was z<span class=\"_ _0\"></span>ero<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> Ther<span class=\"_ _0\"></span>efor<span class=\"_ _4\"></span>e, on 31 December 2022 Cener<span class=\"_ _0\"></span>gy Holdings has r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded as contr<span class=\"_ _0\"></span>act cos<span class=\"_ _0\"></span>ts an amount of EUR 236 thousand, out of which an amount of EUR 222 thousand is classified as non-curr<span class=\"_ _0\"></span>ent assets. Contr<span class=\"_ _0\"></span>act costs of obtaining or fulfilling a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act are e<span class=\"_ _4\"></span>xpensed to cost of sales when the r<span class=\"_ _0\"></span>elated r<span class=\"_ _4\"></span>evenue is rec<span class=\"_ _0\"></span>ognised. In 2022, ther<span class=\"_ _0\"></span>e was no impairment los<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>elation to c<span class=\"_ _0\"></span>ontract c<span class=\"_ _0\"></span>osts. F<span class=\"_ _1\"></span>. Significant judgments in rev<span class=\"_ _4\"></span>enue recognition In rec<span class=\"_ _0\"></span>ognizing r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue the Group makes judgements r<span class=\"_ _4\"></span>egarding the timing of satisfaction of performanc<span class=\"_ _0\"></span>e obligations, the identification of distinct perf<span class=\"_ _0\"></span>ormance obligations, as w<span class=\"_ _0\"></span>ell as the tr<span class=\"_ _0\"></span>ansaction price and the amounts allocated t<span class=\"_ _0\"></span>o performance obliga<span class=\"_ _0\"></span>tions. The mos<span class=\"_ _0\"></span>t significant of these estimates ar<span class=\"_ _4\"></span>e described below: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>ontracts including multiple perf<span class=\"_ _0\"></span>ormance obliga<span class=\"_ _0\"></span>tions are mainly identified in cables segment f<span class=\"_ _0\"></span>or turnke<span class=\"_ _4\"></span>y<span class=\"_ _8\"></span> projects and f<span class=\"_ _0\"></span>or customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts in both segments, as described in Note 7<span class=\"_ _1\"></span>.B and Note 5.3. In such cases the total tr<span class=\"_ _0\"></span>ansaction price is allocat<span class=\"_ _0\"></span>ed to these perf<span class=\"_ _0\"></span>ormance obligations on the basis of the r<span class=\"_ _4\"></span>elative standalone selling prices of the pr<span class=\"_ _0\"></span>omised goods or services. If these goods and servic<span class=\"_ _0\"></span>es are not sold separ<span class=\"_ _4\"></span>ately<span class=\"_ _4\"></span>, a cost plus margin appr<span class=\"_ _4\"></span>oach is used to estimate the standalone selling pric<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>R<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue deriving from the production of cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts for ener<span class=\"_ _0\"></span>gy projects is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ertime. In such projects, c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed by C<span class=\"_ _0\"></span>energy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>escribe the pr<span class=\"_ _0\"></span>omises of both: \u2022 <span class=\"_ _23\"> </span>pr<span class=\"_ _4\"></span>oducing customized pr<span class=\"_ _0\"></span>oducts based on customers\u2019 specifica<span class=\"_ _0\"></span>tions; and \u2022 <span class=\"_ _23\"> </span>tr<span class=\"_ _4\"></span>ansporting them to the customer\u2019s site<span class=\"_ _0\"></span>.  <span class=\"_ _52\"> </span>In such cases, transportation is consider<span class=\"_ _0\"></span>ed as a separ<span class=\"_ _0\"></span>ate perf<span class=\"_ _0\"></span>ormance obligation, sinc<span class=\"_ _0\"></span>e both criteria pr<span class=\"_ _0\"></span>escribed in IFRS 15.27 ar<span class=\"_ _0\"></span>e met, since the cus<span class=\"_ _0\"></span>tomer benefits fr<span class=\"_ _0\"></span>om the offer<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>ansportation service and the pr<span class=\"_ _4\"></span>omise<span class=\"_ _8\"></span> to tr<span class=\"_ _0\"></span>ansport the goods to the cus<span class=\"_ _0\"></span>tomer is separ<span class=\"_ _0\"></span>ately identifiable fr<span class=\"_ _4\"></span>om the production of these customiz<span class=\"_ _0\"></span>ed products.  <span class=\"_ _52\"> </span>Rev<span class=\"_ _0\"></span>enue for or<span class=\"_ _0\"></span>ders of standar<span class=\"_ _0\"></span>dized pr<span class=\"_ _4\"></span>oducts (i.e. hollow s<span class=\"_ _0\"></span>tructur<span class=\"_ _0\"></span>al sections, wires and non-cus<span class=\"_ _0\"></span>tomiz<span class=\"_ _0\"></span>ed pow<span class=\"_ _4\"></span>er<span class=\"_ _8\"></span> &amp; telecom cables<span class=\"_ _4\"></span>) is recognized at a specific point in time and tr<span class=\"_ _4\"></span>ansportation is not considered a separ<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e performance obliga<span class=\"_ _0\"></span>tion, since the second crit<span class=\"_ _0\"></span>erion of IFRS 15.27 is not met. \u2022 <span class=\"_ _23\"> </span>Some c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts with customers in<span class=\"_ _4\"></span>volve a v<span class=\"_ _4\"></span>ariable transaction cost as the<span class=\"_ _0\"></span>y include a v<span class=\"_ _0\"></span>olume or tr<span class=\"_ _0\"></span>ade discount based on the total sales to the cus<span class=\"_ _0\"></span>tomer within a time period. In such case r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue is rec<span class=\"_ _0\"></span>ognised based on the anticipated sales t<span class=\"_ _0\"></span>o the customer thr<span class=\"_ _4\"></span>oughout the year<span class=\"_ _4\"></span>, as these sales are r<span class=\"_ _0\"></span>ealized and ne<span class=\"_ _4\"></span>w orders are r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> and up to an e<span class=\"_ _0\"></span>xtent it is highly pr<span class=\"_ _4\"></span>obable that a significant rev<span class=\"_ _4\"></span>ersal of cumulative r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue recognised will not be needed. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-154-5": {
   "value": "D<span class=\"_ _0\"></span>. Contr<span class=\"_ _0\"></span>act balances The f<span class=\"_ _0\"></span>ollowing table pr<span class=\"_ _4\"></span>ovides information about c<span class=\"_ _0\"></span>ontracts as<span class=\"_ _0\"></span>sets and contr<span class=\"_ _0\"></span>acts liabilities fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts with customers:  Amounts in EUR thousand <span class=\"_ _ea\"> </span>31 December 2022 <span class=\"_ _75\"> </span>31 December 2021<span class=\"_ _d\"></span>  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _eb\"> </span>195,481 <span class=\"_ _ec\"> </span>98,217  Contract liabilities <span class=\"_ _ed\"> </span>118,669 <span class=\"_ _b1\"> </span>35,898  Out of which: L<span class=\"_ _0\"></span>ong term C<span class=\"_ _0\"></span>ontract liabilities <span class=\"_ _ee\"> </span>9,<span class=\"_ _0\"></span>889 <span class=\"_ _c7\"> </span>9,889Significant changes in the contr<span class=\"_ _0\"></span>act assets and the c<span class=\"_ _0\"></span>ontract liabilities balanc<span class=\"_ _0\"></span>es during the period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _ef\"> </span>Contr<span class=\"_ _0\"></span>act assets <span class=\"_ _f0\"> </span>Contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _d\"></span>  <span class=\"_ _f1\"> </span>2022 2021 <span class=\"_ _2c\"> </span>2022 <span class=\"_ _5\"> </span>2021<span class=\"_ _d\"></span>  Opening balance <span class=\"_ _f2\"> </span>98,217 <span class=\"_ _57\"> </span>64,87<span class=\"_ _0\"></span>5 <span class=\"_ _f3\"> </span>35,898 <span class=\"_ _3c\"> </span>40,085  Rev<span class=\"_ _4\"></span>enue recognised that w<span class=\"_ _0\"></span>as included in the contr<span class=\"_ _0\"></span>act   liability balance at the beginning of the period <span class=\"_ _f4\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _24\"> </span>(24,223) <span class=\"_ _61\"> </span>(19,72<span class=\"_ _0\"></span>7)  Increases due t<span class=\"_ _0\"></span>o cash rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed, ex<span class=\"_ _4\"></span>cluding amounts   rec<span class=\"_ _0\"></span>ognised as re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue during the period <span class=\"_ _f5\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _db\"> </span>106,994 <span class=\"_ _f6\"> </span>15,542  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>ers from c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>ognised at the   beginning of the period to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f7\"> </span>(69,<span class=\"_ _4\"></span>171) <span class=\"_ _9e\"> </span>(57<span class=\"_ _1\"></span>,268) <span class=\"_ _f8\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Increases as a r<span class=\"_ _0\"></span>esult of changes in the measur<span class=\"_ _0\"></span>e of progr<span class=\"_ _0\"></span>ess <span class=\"_ _9a\"> </span>166,77<span class=\"_ _4\"></span>4 <span class=\"_ _61\"> </span>90,784 <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _fa\"> </span>(454) <span class=\"_ _88\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _fb\"> </span>(2)  Impairment loss <span class=\"_ _fc\"> </span>(12) <span class=\"_ _42\"> </span>(175) <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  Impairment loss re<span class=\"_ _4\"></span>versal <span class=\"_ _fd\"> </span>127 <span class=\"_ _88\"> </span>-  <span class=\"_ _fe\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Closing balance <span class=\"_ _ff\"> </span>195,481 <span class=\"_ _63\"> </span>98,217 <span class=\"_ _44\"> </span>118,669 <span class=\"_ _86\"> </span>35,898 Contr<span class=\"_ _0\"></span>act assets incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>.3 million compared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. Such increase is at<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o both steel pipes segment (EUR 38.8 million) due t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>owth in pr<span class=\"_ _4\"></span>oject-related activities and cables segment (EUR 58.5 million increase<span class=\"_ _4\"></span>) due to the timing of inv<span class=\"_ _0\"></span>oicing of specific ongoing pr<span class=\"_ _0\"></span>ojects for which the pr<span class=\"_ _0\"></span>oduction started during the second half of the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Contr<span class=\"_ _0\"></span>act liabilities primarily rela<span class=\"_ _0\"></span>te to the adv<span class=\"_ _4\"></span>ance considera<span class=\"_ _0\"></span>tion rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om customers f<span class=\"_ _0\"></span>or cons<span class=\"_ _0\"></span>truction of customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts or energy pr<span class=\"_ _4\"></span>ojects for which re<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Contr<span class=\"_ _0\"></span>act liabilities which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be settled within mor<span class=\"_ _4\"></span>e than one year are clas<span class=\"_ _0\"></span>sified as non-curr<span class=\"_ _0\"></span>ent liabilities (EUR 9,889 thousand on 31 December 2021). C<span class=\"_ _0\"></span>ontract liabilities incr<span class=\"_ _4\"></span>eased by EUR 82.8 million compar<span class=\"_ _0\"></span>ed to 31 Dec<span class=\"_ _0\"></span>ember 2021 mainly due to the downpa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed close to year\u2019s end for the e<span class=\"_ _4\"></span>xecution of steel pipes ener<span class=\"_ _4\"></span>gy projects.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-154-6": {
   "value": "D<span class=\"_ _0\"></span>. Contr<span class=\"_ _0\"></span>act balances The f<span class=\"_ _0\"></span>ollowing table pr<span class=\"_ _4\"></span>ovides information about c<span class=\"_ _0\"></span>ontracts as<span class=\"_ _0\"></span>sets and contr<span class=\"_ _0\"></span>acts liabilities fr<span class=\"_ _0\"></span>om contr<span class=\"_ _0\"></span>acts with customers:  Amounts in EUR thousand <span class=\"_ _ea\"> </span>31 December 2022 <span class=\"_ _75\"> </span>31 December 2021<span class=\"_ _d\"></span>  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _eb\"> </span>195,481 <span class=\"_ _ec\"> </span>98,217  Contract liabilities <span class=\"_ _ed\"> </span>118,669 <span class=\"_ _b1\"> </span>35,898  Out of which: L<span class=\"_ _0\"></span>ong term C<span class=\"_ _0\"></span>ontract liabilities <span class=\"_ _ee\"> </span>9,<span class=\"_ _0\"></span>889 <span class=\"_ _c7\"> </span>9,889Significant changes in the contr<span class=\"_ _0\"></span>act assets and the c<span class=\"_ _0\"></span>ontract liabilities balanc<span class=\"_ _0\"></span>es during the period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _ef\"> </span>Contr<span class=\"_ _0\"></span>act assets <span class=\"_ _f0\"> </span>Contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _d\"></span>  <span class=\"_ _f1\"> </span>2022 2021 <span class=\"_ _2c\"> </span>2022 <span class=\"_ _5\"> </span>2021<span class=\"_ _d\"></span>  Opening balance <span class=\"_ _f2\"> </span>98,217 <span class=\"_ _57\"> </span>64,87<span class=\"_ _0\"></span>5 <span class=\"_ _f3\"> </span>35,898 <span class=\"_ _3c\"> </span>40,085  Rev<span class=\"_ _4\"></span>enue recognised that w<span class=\"_ _0\"></span>as included in the contr<span class=\"_ _0\"></span>act   liability balance at the beginning of the period <span class=\"_ _f4\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _24\"> </span>(24,223) <span class=\"_ _61\"> </span>(19,72<span class=\"_ _0\"></span>7)  Increases due t<span class=\"_ _0\"></span>o cash rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed, ex<span class=\"_ _4\"></span>cluding amounts   rec<span class=\"_ _0\"></span>ognised as re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue during the period <span class=\"_ _f5\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _db\"> </span>106,994 <span class=\"_ _f6\"> </span>15,542  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>ers from c<span class=\"_ _0\"></span>ontract as<span class=\"_ _0\"></span>sets rec<span class=\"_ _0\"></span>ognised at the   beginning of the period to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f7\"> </span>(69,<span class=\"_ _4\"></span>171) <span class=\"_ _9e\"> </span>(57<span class=\"_ _1\"></span>,268) <span class=\"_ _f8\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Increases as a r<span class=\"_ _0\"></span>esult of changes in the measur<span class=\"_ _0\"></span>e of progr<span class=\"_ _0\"></span>ess <span class=\"_ _9a\"> </span>166,77<span class=\"_ _4\"></span>4 <span class=\"_ _61\"> </span>90,784 <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _fa\"> </span>(454) <span class=\"_ _88\"> </span>- <span class=\"_ _5b\"> </span>- <span class=\"_ _fb\"> </span>(2)  Impairment loss <span class=\"_ _fc\"> </span>(12) <span class=\"_ _42\"> </span>(175) <span class=\"_ _5b\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _1\"></span>  Impairment loss re<span class=\"_ _4\"></span>versal <span class=\"_ _fd\"> </span>127 <span class=\"_ _88\"> </span>-  <span class=\"_ _fe\"> </span>-  <span class=\"_ _f9\"> </span>- <span class=\"_ _2\"></span>  Closing balance <span class=\"_ _ff\"> </span>195,481 <span class=\"_ _63\"> </span>98,217 <span class=\"_ _44\"> </span>118,669 <span class=\"_ _86\"> </span>35,898 Contr<span class=\"_ _0\"></span>act assets incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _4\"></span>7<span class=\"_ _4\"></span>.3 million compared t<span class=\"_ _0\"></span>o 31 December 20<span class=\"_ _0\"></span>21. Such increase is at<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o both steel pipes segment (EUR 38.8 million) due t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>owth in pr<span class=\"_ _4\"></span>oject-related activities and cables segment (EUR 58.5 million increase<span class=\"_ _4\"></span>) due to the timing of inv<span class=\"_ _0\"></span>oicing of specific ongoing pr<span class=\"_ _0\"></span>ojects for which the pr<span class=\"_ _0\"></span>oduction started during the second half of the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Contr<span class=\"_ _0\"></span>act liabilities primarily rela<span class=\"_ _0\"></span>te to the adv<span class=\"_ _4\"></span>ance considera<span class=\"_ _0\"></span>tion rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om customers f<span class=\"_ _0\"></span>or cons<span class=\"_ _0\"></span>truction of customiz<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>oducts or energy pr<span class=\"_ _4\"></span>ojects for which re<span class=\"_ _0\"></span>venue is r<span class=\"_ _4\"></span>ecognized o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er time. Contr<span class=\"_ _0\"></span>act liabilities which ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to be settled within mor<span class=\"_ _4\"></span>e than one year are clas<span class=\"_ _0\"></span>sified as non-curr<span class=\"_ _0\"></span>ent liabilities (EUR 9,889 thousand on 31 December 2021). C<span class=\"_ _0\"></span>ontract liabilities incr<span class=\"_ _4\"></span>eased by EUR 82.8 million compar<span class=\"_ _0\"></span>ed to 31 Dec<span class=\"_ _0\"></span>ember 2021 mainly due to the downpa<span class=\"_ _0\"></span>yments r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed close to year\u2019s end for the e<span class=\"_ _4\"></span>xecution of steel pipes ener<span class=\"_ _4\"></span>gy projects.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-158-3": {
   "value": "8. Income and e<span class=\"_ _4\"></span>xpenses<span class=\"_ _8\"></span> A. Other income  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Gov<span class=\"_ _4\"></span>ernment grants / subsidies <span class=\"_ _56\"> </span> <span class=\"_ _104\"> </span>133 <span class=\"_ _105\"> </span>4<span class=\"_ _0\"></span>77  Rental income <span class=\"_ _106\"> </span> <span class=\"_ _103\"> </span>667 <span class=\"_ _105\"> </span>529  Income fr<span class=\"_ _0\"></span>om fees, commis<span class=\"_ _0\"></span>sions &amp; costs r<span class=\"_ _0\"></span>echar<span class=\"_ _0\"></span>ged <span class=\"_ _c7\"> </span> <span class=\"_ _102\"> </span>3,5<span class=\"_ _4\"></span>75 <span class=\"_ _107\"> </span>4,406  Indemnities and income fr<span class=\"_ _0\"></span>om claims <span class=\"_ _e5\"> </span> <span class=\"_ _c6\"> </span>24 <span class=\"_ _108\"> </span>168  Indemnity from insur<span class=\"_ _4\"></span>ance company for damage   compensation r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>act with customer <span class=\"_ _d0\"> </span> <span class=\"_ _109\"> </span>280 <span class=\"_ _10a\"> </span>-  Gain from disposal of pr<span class=\"_ _0\"></span>operty<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _104\"> </span>34<span class=\"_ _0\"></span>1 <span class=\"_ _10c\"> </span>8  Amortization of grants <span class=\"_ _10d\"> </span>28 <span class=\"_ _10e\"> </span>1,<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>4 <span class=\"_ _c6\"> </span>728  Other <span class=\"_ _10f\"> </span> <span class=\"_ _103\"> </span>586 <span class=\"_ _105\"> </span>82<span class=\"_ _0\"></span>4  Other Income <span class=\"_ _110\"> </span> <span class=\"_ _111\"> </span>6,780 <span class=\"_ _112\"> </span>7<span class=\"_ _1\"></span>,14<span class=\"_ _0\"></span>1The line \u201cGo<span class=\"_ _4\"></span>vernment grants\u201d in 20<span class=\"_ _0\"></span>21 includes an amount of EUR 459 thousand r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o reliefs pr<span class=\"_ _4\"></span>ovided by local legislation as a result of measur<span class=\"_ _4\"></span>es taken due to the cor<span class=\"_ _4\"></span>onavirus pandemic.  B. Other expenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Loss fr<span class=\"_ _0\"></span>om write-offs of Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _113\"> </span>17 <span class=\"_ _114\"> </span>(53) <span class=\"_ _115\"> </span>(14)  Loss fr<span class=\"_ _0\"></span>om disposal of propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _116\"> </span>(1) <span class=\"_ _10a\"> </span>-  Expenses rechar<span class=\"_ _0\"></span>ged <span class=\"_ _117\"> </span> <span class=\"_ _b1\"> </span>(2,830) <span class=\"_ _118\"> </span>(4,044)  Indemnities and claims <span class=\"_ _ef\"> </span> <span class=\"_ _119\"> </span>- <span class=\"_ _11a\"> </span>(32)  Damage compensation to cus<span class=\"_ _0\"></span>tomer <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>(515) <span class=\"_ _10a\"> </span>-  Other penalties <span class=\"_ _11d\"> </span> <span class=\"_ _102\"> </span>(180) <span class=\"_ _109\"> </span>(319)  Pro<span class=\"_ _0\"></span>vision for antidumping duties <span class=\"_ _df\"> </span>29 <span class=\"_ _119\"> </span>-  <span class=\"_ _af\"> </span>(12,842)  Incremental c<span class=\"_ _0\"></span>orona<span class=\"_ _0\"></span>virus cos<span class=\"_ _0\"></span>ts <span class=\"_ _11e\"> </span> <span class=\"_ _ce\"> </span>(412) <span class=\"_ _11f\"> </span>(669)  Loss fr<span class=\"_ _0\"></span>om disposal of associat<span class=\"_ _0\"></span>e <span class=\"_ _120\"> </span>21 <span class=\"_ _ce\"> </span>(156) <span class=\"_ _10a\"> </span>-  Impairment on property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _121\"> </span>17 <span class=\"_ _118\"> </span>(1,222) <span class=\"_ _10a\"> </span>-  Other <span class=\"_ _10f\"> </span> <span class=\"_ _122\"> </span>(1,37<span class=\"_ _0\"></span>5) <span class=\"_ _109\"> </span>(613)  Other expenses <span class=\"_ _82\"> </span> <span class=\"_ _b1\"> </span>(6,7<span class=\"_ _1\"></span>45) <span class=\"_ _ad\"> </span>(18,534) In 2013, Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks manufactur<span class=\"_ _0\"></span>ed and supplied pipes for a pipeline in Fr<span class=\"_ _4\"></span>ance. During 2015, the Fr<span class=\"_ _0\"></span>ench client filed a quality claim against Corinth Pipe<span class=\"_ _4\"></span>works, its insurers and the subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in char<span class=\"_ _0\"></span>ge for the w<span class=\"_ _0\"></span>elding of the pipeline. The c<span class=\"_ _0\"></span>ommer<span class=\"_ _0\"></span>cial court of Paris r<span class=\"_ _4\"></span>endered its decision on 7 July 2022 and ruled that Corinth Pipe<span class=\"_ _4\"></span>works should be held liable for the lat<span class=\"_ _0\"></span>ent defects affecting the pipes it deliv<span class=\"_ _4\"></span>ered to its Fr<span class=\"_ _0\"></span>ench cust<span class=\"_ _0\"></span>omer but that the latt<span class=\"_ _0\"></span>er was also r<span class=\"_ _0\"></span>esponsible for its o<span class=\"_ _4\"></span>wn loss. Consequently<span class=\"_ _4\"></span>, given that 20<span class=\"_ _0\"></span>13 sales wer<span class=\"_ _4\"></span>e fully insured, Corinth Pipe<span class=\"_ _0\"></span>works rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded a liability of EUR 515 thousand during 2022 (included as distinct it<span class=\"_ _0\"></span>em in the line \u2018Damage compensation t<span class=\"_ _0\"></span>o customer\u2019) that corr<span class=\"_ _0\"></span>esponds to its maximum e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e for that specific claim, while an inc<span class=\"_ _0\"></span>ome of EUR 280 thousand (included in the line \u2018Other income\u2019) w<span class=\"_ _0\"></span>as rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an equal indemnity fr<span class=\"_ _0\"></span>om an insuranc<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y for the c<span class=\"_ _0\"></span>ertain case was r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed.During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>vementioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) and is included as distinct item in \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019 line for the year 20<span class=\"_ _0\"></span>21, as it r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o sales performed in pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ears. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-159-4": {
   "value": "A. Other income  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Gov<span class=\"_ _4\"></span>ernment grants / subsidies <span class=\"_ _56\"> </span> <span class=\"_ _104\"> </span>133 <span class=\"_ _105\"> </span>4<span class=\"_ _0\"></span>77  Rental income <span class=\"_ _106\"> </span> <span class=\"_ _103\"> </span>667 <span class=\"_ _105\"> </span>529  Income fr<span class=\"_ _0\"></span>om fees, commis<span class=\"_ _0\"></span>sions &amp; costs r<span class=\"_ _0\"></span>echar<span class=\"_ _0\"></span>ged <span class=\"_ _c7\"> </span> <span class=\"_ _102\"> </span>3,5<span class=\"_ _4\"></span>75 <span class=\"_ _107\"> </span>4,406  Indemnities and income fr<span class=\"_ _0\"></span>om claims <span class=\"_ _e5\"> </span> <span class=\"_ _c6\"> </span>24 <span class=\"_ _108\"> </span>168  Indemnity from insur<span class=\"_ _4\"></span>ance company for damage   compensation r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>act with customer <span class=\"_ _d0\"> </span> <span class=\"_ _109\"> </span>280 <span class=\"_ _10a\"> </span>-  Gain from disposal of pr<span class=\"_ _0\"></span>operty<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _104\"> </span>34<span class=\"_ _0\"></span>1 <span class=\"_ _10c\"> </span>8  Amortization of grants <span class=\"_ _10d\"> </span>28 <span class=\"_ _10e\"> </span>1,<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>4 <span class=\"_ _c6\"> </span>728  Other <span class=\"_ _10f\"> </span> <span class=\"_ _103\"> </span>586 <span class=\"_ _105\"> </span>82<span class=\"_ _0\"></span>4  Other Income <span class=\"_ _110\"> </span> <span class=\"_ _111\"> </span>6,780 <span class=\"_ _112\"> </span>7<span class=\"_ _1\"></span>,14<span class=\"_ _0\"></span>1The line \u201cGo<span class=\"_ _4\"></span>vernment grants\u201d in 20<span class=\"_ _0\"></span>21 includes an amount of EUR 459 thousand r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o reliefs pr<span class=\"_ _4\"></span>ovided by local legislation as a result of measur<span class=\"_ _4\"></span>es taken due to the cor<span class=\"_ _4\"></span>onavirus pandemic.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-160-5": {
   "value": " <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Gov<span class=\"_ _4\"></span>ernment grants / subsidies <span class=\"_ _56\"> </span> <span class=\"_ _104\"> </span>133 <span class=\"_ _105\"> </span>4<span class=\"_ _0\"></span>77  Rental income <span class=\"_ _106\"> </span> <span class=\"_ _103\"> </span>667 <span class=\"_ _105\"> </span>529  Income fr<span class=\"_ _0\"></span>om fees, commis<span class=\"_ _0\"></span>sions &amp; costs r<span class=\"_ _0\"></span>echar<span class=\"_ _0\"></span>ged <span class=\"_ _c7\"> </span> <span class=\"_ _102\"> </span>3,5<span class=\"_ _4\"></span>75 <span class=\"_ _107\"> </span>4,406  Indemnities and income fr<span class=\"_ _0\"></span>om claims <span class=\"_ _e5\"> </span> <span class=\"_ _c6\"> </span>24 <span class=\"_ _108\"> </span>168  Indemnity from insur<span class=\"_ _4\"></span>ance company for damage   compensation r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o contr<span class=\"_ _0\"></span>act with customer <span class=\"_ _d0\"> </span> <span class=\"_ _109\"> </span>280 <span class=\"_ _10a\"> </span>-  Gain from disposal of pr<span class=\"_ _0\"></span>operty<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _104\"> </span>34<span class=\"_ _0\"></span>1 <span class=\"_ _10c\"> </span>8  Amortization of grants <span class=\"_ _10d\"> </span>28 <span class=\"_ _10e\"> </span>1,<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>4 <span class=\"_ _c6\"> </span>728  Other <span class=\"_ _10f\"> </span> <span class=\"_ _103\"> </span>586 <span class=\"_ _105\"> </span>82<span class=\"_ _0\"></span>4  Other Income <span class=\"_ _110\"> </span> <span class=\"_ _111\"> </span>6,780 <span class=\"_ _112\"> </span>7<span class=\"_ _1\"></span>,14<span class=\"_ _0\"></span>1 <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-162-4": {
   "value": "B. Other expenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Loss fr<span class=\"_ _0\"></span>om write-offs of Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _113\"> </span>17 <span class=\"_ _114\"> </span>(53) <span class=\"_ _115\"> </span>(14)  Loss fr<span class=\"_ _0\"></span>om disposal of propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _116\"> </span>(1) <span class=\"_ _10a\"> </span>-  Expenses rechar<span class=\"_ _0\"></span>ged <span class=\"_ _117\"> </span> <span class=\"_ _b1\"> </span>(2,830) <span class=\"_ _118\"> </span>(4,044)  Indemnities and claims <span class=\"_ _ef\"> </span> <span class=\"_ _119\"> </span>- <span class=\"_ _11a\"> </span>(32)  Damage compensation to cus<span class=\"_ _0\"></span>tomer <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>(515) <span class=\"_ _10a\"> </span>-  Other penalties <span class=\"_ _11d\"> </span> <span class=\"_ _102\"> </span>(180) <span class=\"_ _109\"> </span>(319)  Pro<span class=\"_ _0\"></span>vision for antidumping duties <span class=\"_ _df\"> </span>29 <span class=\"_ _119\"> </span>-  <span class=\"_ _af\"> </span>(12,842)  Incremental c<span class=\"_ _0\"></span>orona<span class=\"_ _0\"></span>virus cos<span class=\"_ _0\"></span>ts <span class=\"_ _11e\"> </span> <span class=\"_ _ce\"> </span>(412) <span class=\"_ _11f\"> </span>(669)  Loss fr<span class=\"_ _0\"></span>om disposal of associat<span class=\"_ _0\"></span>e <span class=\"_ _120\"> </span>21 <span class=\"_ _ce\"> </span>(156) <span class=\"_ _10a\"> </span>-  Impairment on property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _121\"> </span>17 <span class=\"_ _118\"> </span>(1,222) <span class=\"_ _10a\"> </span>-  Other <span class=\"_ _10f\"> </span> <span class=\"_ _122\"> </span>(1,37<span class=\"_ _0\"></span>5) <span class=\"_ _109\"> </span>(613)  Other expenses <span class=\"_ _82\"> </span> <span class=\"_ _b1\"> </span>(6,7<span class=\"_ _1\"></span>45) <span class=\"_ _ad\"> </span>(18,534) In 2013, Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks manufactur<span class=\"_ _0\"></span>ed and supplied pipes for a pipeline in Fr<span class=\"_ _4\"></span>ance. During 2015, the Fr<span class=\"_ _0\"></span>ench client filed a quality claim against Corinth Pipe<span class=\"_ _4\"></span>works, its insurers and the subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in char<span class=\"_ _0\"></span>ge for the w<span class=\"_ _0\"></span>elding of the pipeline. The c<span class=\"_ _0\"></span>ommer<span class=\"_ _0\"></span>cial court of Paris r<span class=\"_ _4\"></span>endered its decision on 7 July 2022 and ruled that Corinth Pipe<span class=\"_ _4\"></span>works should be held liable for the lat<span class=\"_ _0\"></span>ent defects affecting the pipes it deliv<span class=\"_ _4\"></span>ered to its Fr<span class=\"_ _0\"></span>ench cust<span class=\"_ _0\"></span>omer but that the latt<span class=\"_ _0\"></span>er was also r<span class=\"_ _0\"></span>esponsible for its o<span class=\"_ _4\"></span>wn loss. Consequently<span class=\"_ _4\"></span>, given that 20<span class=\"_ _0\"></span>13 sales wer<span class=\"_ _4\"></span>e fully insured, Corinth Pipe<span class=\"_ _0\"></span>works rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded a liability of EUR 515 thousand during 2022 (included as distinct it<span class=\"_ _0\"></span>em in the line \u2018Damage compensation t<span class=\"_ _0\"></span>o customer\u2019) that corr<span class=\"_ _0\"></span>esponds to its maximum e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e for that specific claim, while an inc<span class=\"_ _0\"></span>ome of EUR 280 thousand (included in the line \u2018Other income\u2019) w<span class=\"_ _0\"></span>as rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an equal indemnity fr<span class=\"_ _0\"></span>om an insuranc<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y for the c<span class=\"_ _0\"></span>ertain case was r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed.During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>vementioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) and is included as distinct item in \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019 line for the year 20<span class=\"_ _0\"></span>21, as it r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o sales performed in pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ears. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-162-5": {
   "value": "B. Other expenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Loss fr<span class=\"_ _0\"></span>om write-offs of Pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _113\"> </span>17 <span class=\"_ _114\"> </span>(53) <span class=\"_ _115\"> </span>(14)  Loss fr<span class=\"_ _0\"></span>om disposal of propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant &amp; equipment <span class=\"_ _10b\"> </span> <span class=\"_ _116\"> </span>(1) <span class=\"_ _10a\"> </span>-  Expenses rechar<span class=\"_ _0\"></span>ged <span class=\"_ _117\"> </span> <span class=\"_ _b1\"> </span>(2,830) <span class=\"_ _118\"> </span>(4,044)  Indemnities and claims <span class=\"_ _ef\"> </span> <span class=\"_ _119\"> </span>- <span class=\"_ _11a\"> </span>(32)  Damage compensation to cus<span class=\"_ _0\"></span>tomer <span class=\"_ _11b\"> </span> <span class=\"_ _11c\"> </span>(515) <span class=\"_ _10a\"> </span>-  Other penalties <span class=\"_ _11d\"> </span> <span class=\"_ _102\"> </span>(180) <span class=\"_ _109\"> </span>(319)  Pro<span class=\"_ _0\"></span>vision for antidumping duties <span class=\"_ _df\"> </span>29 <span class=\"_ _119\"> </span>-  <span class=\"_ _af\"> </span>(12,842)  Incremental c<span class=\"_ _0\"></span>orona<span class=\"_ _0\"></span>virus cos<span class=\"_ _0\"></span>ts <span class=\"_ _11e\"> </span> <span class=\"_ _ce\"> </span>(412) <span class=\"_ _11f\"> </span>(669)  Loss fr<span class=\"_ _0\"></span>om disposal of associat<span class=\"_ _0\"></span>e <span class=\"_ _120\"> </span>21 <span class=\"_ _ce\"> </span>(156) <span class=\"_ _10a\"> </span>-  Impairment on property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _121\"> </span>17 <span class=\"_ _118\"> </span>(1,222) <span class=\"_ _10a\"> </span>-  Other <span class=\"_ _10f\"> </span> <span class=\"_ _122\"> </span>(1,37<span class=\"_ _0\"></span>5) <span class=\"_ _109\"> </span>(613)  Other expenses <span class=\"_ _82\"> </span> <span class=\"_ _b1\"> </span>(6,7<span class=\"_ _1\"></span>45) <span class=\"_ _ad\"> </span>(18,534) In 2013, Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks manufactur<span class=\"_ _0\"></span>ed and supplied pipes for a pipeline in Fr<span class=\"_ _4\"></span>ance. During 2015, the Fr<span class=\"_ _0\"></span>ench client filed a quality claim against Corinth Pipe<span class=\"_ _4\"></span>works, its insurers and the subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in char<span class=\"_ _0\"></span>ge for the w<span class=\"_ _0\"></span>elding of the pipeline. The c<span class=\"_ _0\"></span>ommer<span class=\"_ _0\"></span>cial court of Paris r<span class=\"_ _4\"></span>endered its decision on 7 July 2022 and ruled that Corinth Pipe<span class=\"_ _4\"></span>works should be held liable for the lat<span class=\"_ _0\"></span>ent defects affecting the pipes it deliv<span class=\"_ _4\"></span>ered to its Fr<span class=\"_ _0\"></span>ench cust<span class=\"_ _0\"></span>omer but that the latt<span class=\"_ _0\"></span>er was also r<span class=\"_ _0\"></span>esponsible for its o<span class=\"_ _4\"></span>wn loss. Consequently<span class=\"_ _4\"></span>, given that 20<span class=\"_ _0\"></span>13 sales wer<span class=\"_ _4\"></span>e fully insured, Corinth Pipe<span class=\"_ _0\"></span>works rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded a liability of EUR 515 thousand during 2022 (included as distinct it<span class=\"_ _0\"></span>em in the line \u2018Damage compensation t<span class=\"_ _0\"></span>o customer\u2019) that corr<span class=\"_ _0\"></span>esponds to its maximum e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e for that specific claim, while an inc<span class=\"_ _0\"></span>ome of EUR 280 thousand (included in the line \u2018Other income\u2019) w<span class=\"_ _0\"></span>as rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded as an equal indemnity fr<span class=\"_ _0\"></span>om an insuranc<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y for the c<span class=\"_ _0\"></span>ertain case was r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ed.During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>vementioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) and is included as distinct item in \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019 line for the year 20<span class=\"_ _0\"></span>21, as it r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o sales performed in pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ears. C. Expenses by natur<span class=\"_ _0\"></span>e  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) The incr<span class=\"_ _0\"></span>ease in \u201c\u03a4hir<span class=\"_ _0\"></span>d party fees and benefits\u201d is at<span class=\"_ _0\"></span>tributed mainly t<span class=\"_ _0\"></span>o project-r<span class=\"_ _4\"></span>elated services offer<span class=\"_ _0\"></span>ed during 2022 compar<span class=\"_ _4\"></span>ed to prior year b<span class=\"_ _0\"></span>y subcontr<span class=\"_ _0\"></span>actors. T<span class=\"_ _4\"></span>he increase is attributed t<span class=\"_ _0\"></span>o both segments as in 2022 st<span class=\"_ _0\"></span>eel pipes segment used subcontr<span class=\"_ _0\"></span>actors f<span class=\"_ _0\"></span>or coating servic<span class=\"_ _0\"></span>es in the cont<span class=\"_ _0\"></span>ext of as<span class=\"_ _0\"></span>signed pr<span class=\"_ _0\"></span>ojects, while the installation services in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of turnk<span class=\"_ _0\"></span>ey c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts ex<span class=\"_ _4\"></span>ecuted by subsidiaries in the cables segment during 2022 w<span class=\"_ _4\"></span>ere significantly higher compar<span class=\"_ _0\"></span>ed to 20<span class=\"_ _0\"></span>21. Specifically<span class=\"_ _4\"></span>, during 2022 the installation f<span class=\"_ _0\"></span>or the submarine inter<span class=\"_ _0\"></span>connection of Nax<span class=\"_ _0\"></span>os-Santorini, medium v<span class=\"_ _0\"></span>oltage inter<span class=\"_ _4\"></span>connections in sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al locations in Gr<span class=\"_ _0\"></span>eece and se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>eral onshor<span class=\"_ _4\"></span>e projects wer<span class=\"_ _4\"></span>e undertaken by subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in Cables segment. During 2021, installa<span class=\"_ _0\"></span>tion services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of cables projects as<span class=\"_ _0\"></span>signed to subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors w<span class=\"_ _0\"></span>ere mor<span class=\"_ _4\"></span>e limited in the onshore cables business, while only one major offshore ins<span class=\"_ _0\"></span>tallation took plac<span class=\"_ _0\"></span>e, i.<span class=\"_ _0\"></span>e. the final installation phase f<span class=\"_ _0\"></span>or the inter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onnection of the Cret<span class=\"_ _0\"></span>e \u2013 Peloponese inter<span class=\"_ _0\"></span>connection.The fluctuation in tr<span class=\"_ _4\"></span>ansportation costs relat<span class=\"_ _0\"></span>e to the geogr<span class=\"_ _4\"></span>aphical mix of sales and volume of deliv<span class=\"_ _0\"></span>eries in steel pipes segment that took plac<span class=\"_ _0\"></span>e in 2022 compar<span class=\"_ _4\"></span>ed to 2021. As mentioned in note 7<span class=\"_ _1\"></span>.F<span class=\"_ _4\"></span>, when certain criteria ar<span class=\"_ _0\"></span>e met, transportation is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as a separa<span class=\"_ _0\"></span>te performanc<span class=\"_ _0\"></span>e obligation and the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when such performance obliga<span class=\"_ _0\"></span>tions are fulfilled. Cener<span class=\"_ _0\"></span>gy Holdings significantly inv<span class=\"_ _4\"></span>ests in resear<span class=\"_ _0\"></span>ch and dev<span class=\"_ _4\"></span>elopment in order to continuously bring v<span class=\"_ _4\"></span>alue-added<span class=\"_ _8\"></span> products and servic<span class=\"_ _0\"></span>es to the mark<span class=\"_ _0\"></span>et and impr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e production pr<span class=\"_ _4\"></span>ocesses, as well as t<span class=\"_ _0\"></span>o promot<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>erials rec<span class=\"_ _0\"></span>ycling and the proper use of natur<span class=\"_ _4\"></span>al resourc<span class=\"_ _0\"></span>es. The aggr<span class=\"_ _4\"></span>egate amount of resear<span class=\"_ _0\"></span>ch and de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment expenditur<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as an e<span class=\"_ _0\"></span>xpense for 2022 amounts t<span class=\"_ _0\"></span>o EUR 5.5 million (2021: EUR 4.<span class=\"_ _0\"></span>0 million). 9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  12. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit e<span class=\"_ _0\"></span>xpenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Employ<span class=\"_ _4\"></span>ee remuneration &amp; e<span class=\"_ _0\"></span>xpenses <span class=\"_ _110\"> </span>71,326 <span class=\"_ _af\"> </span>58,<span class=\"_ _0\"></span>095  Social security expenses <span class=\"_ _167\"> </span>12,57<span class=\"_ _0\"></span>8 <span class=\"_ _c7\"> </span>9,96<span class=\"_ _0\"></span>7  Defined benefit plan <span class=\"_ _168\"> </span>942 <span class=\"_ _c9\"> </span>2,130  Other <span class=\"_ _169\"> </span>7<span class=\"_ _4\"></span>,527 <span class=\"_ _c7\"> </span>5,538  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 Employ<span class=\"_ _4\"></span>ee benefits were alloca<span class=\"_ _0\"></span>ted as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cost of goods sold <span class=\"_ _16a\"> </span>70<span class=\"_ _0\"></span>,803 <span class=\"_ _a6\"> </span>55,017  Distribution e<span class=\"_ _0\"></span>xpenses <span class=\"_ _16b\"> </span>9,584 <span class=\"_ _16c\"> </span>9,0<span class=\"_ _0\"></span>11  Administr<span class=\"_ _4\"></span>ative expenses <span class=\"_ _16d\"> </span>9,94<span class=\"_ _0\"></span>7 <span class=\"_ _c9\"> </span>9<span class=\"_ _0\"></span>,619  Capitalised in assets under construction <span class=\"_ _16e\"> </span>2,039 <span class=\"_ _10b\"> </span>2,083  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 The number of emplo<span class=\"_ _4\"></span>yees, as well as their pr<span class=\"_ _4\"></span>ofile and gender<span class=\"_ _0\"></span>, emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _4\"></span>oup is presented in the follo<span class=\"_ _4\"></span>wing<span class=\"_ _8\"></span> tables:   <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _16f\"> </span>2,691 <span class=\"_ _e8\"> </span>2,285  <span class=\"_ _170\"> </span>18 - 30 <span class=\"_ _13f\"> </span>30-50 <span class=\"_ _ec\"> </span>51+ <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Male <span class=\"_ _95\"> </span>334 <span class=\"_ _aa\"> </span>1,436 <span class=\"_ _ad\"> </span>588 <span class=\"_ _c7\"> </span><span class=\"ff1a\">2,358</span>  Female <span class=\"_ _171\"> </span>61 <span class=\"_ _a6\"> </span>202 <span class=\"_ _c7\"> </span>70 <span class=\"_ _10e\"> </span><span class=\"ff1a\">333</span>  T<span class=\"_ _1\"></span>otal <span class=\"_ _144\"> </span>395 <span class=\"_ _c0\"> </span>1,638 <span class=\"_ _b1\"> </span>658 <span class=\"_ _111\"> </span>2,6<span class=\"_ _0\"></span>91  <span class=\"_ _172\"> </span>Office <span class=\"_ _8\"></span>employ<span class=\"_ _0\"></span>ees<span class=\"_ _d\"></span>   <span class=\"_ _173\"> </span>&amp; profes<span class=\"_ _0\"></span>sionals <span class=\"_ _174\"> </span>W<span class=\"_ _4\"></span>orkers <span class=\"_ _42\"> </span>Management <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _123\"> </span>548 <span class=\"_ _12e\"> </span>1,97<span class=\"_ _0\"></span>3 <span class=\"_ _ec\"> </span>17<span class=\"_ _0\"></span>0 <span class=\"_ _111\"> </span><span class=\"ff1a\">2,6<span class=\"_ _0\"></span>91<span class=\"ff19 fse\"> </span></span>13. Income tax A. Amounts recognised in pr<span class=\"_ _0\"></span>ofit or loss  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Current tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _156\"> </span>(12,820) <span class=\"_ _12e\"> </span>(2,998)  Origination and re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersal of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences <span class=\"_ _175\"> </span>(1,548) <span class=\"_ _176\"> </span>(3,879)  Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790  Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit   or tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _e0\"> </span>4,832 <span class=\"_ _103\"> </span>158  Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505)  Deferred tax e<span class=\"_ _0\"></span>xpense  <span class=\"_ _179\"> </span>3,284 <span class=\"_ _b3\"> </span>(5,436)  Income T<span class=\"_ _1\"></span>ax <span class=\"_ _17a\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) B. Reconciliation of eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e tax ra<span class=\"_ _0\"></span>te  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit befor<span class=\"_ _0\"></span>e tax <span class=\"_ _17b\"> </span>69,95<span class=\"_ _0\"></span>7 <span class=\"_ _b5\"> </span>30,513  T<span class=\"_ _1\"></span>ax calculated at par<span class=\"_ _0\"></span>ent company\u2019<span class=\"_ _4\"></span>s statutory income tax r<span class=\"_ _0\"></span>ate (2022 &amp; 2021: 25.<span class=\"_ _0\"></span>0%) <span class=\"_ _157\"> </span>(17<span class=\"_ _4\"></span>,489) <span class=\"_ _124\"> </span>(7<span class=\"_ _4\"></span>,628) Effect of differ<span class=\"_ _0\"></span>ent tax r<span class=\"_ _0\"></span>ates in jurisdictions that the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates <span class=\"_ _137\"> </span>2,830 <span class=\"_ _d0\"> </span>992 T<span class=\"_ _1\"></span>ax calculated at weight<span class=\"_ _0\"></span>ed av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age income tax r<span class=\"_ _0\"></span>ate (2022: 21.0% &amp; 20<span class=\"_ _0\"></span>21: 21.7%) <span class=\"_ _17c\"> </span>(14,<span class=\"ws91\">659) (6</span>,636) Adjustments f<span class=\"_ _0\"></span>or: <span class=\"_ _17d\"> </span>  <span class=\"_ _123\"> </span>  Non-deductible expenses f<span class=\"_ _0\"></span>or tax purposes <span class=\"_ _12c\"> </span>(1,329) <span class=\"_ _af\"> </span>(1,390) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt income <span class=\"_ _17e\"> </span>1,496 <span class=\"_ _109\"> </span>941 Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit or  tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _17f\"> </span>4,923 <span class=\"_ _103\"> </span>158 Current-<span class=\"_ _0\"></span>year los<span class=\"_ _0\"></span>ses for which no deferr<span class=\"_ _4\"></span>ed tax asset is recognised <span class=\"_ _180\"> </span>(424) <span class=\"_ _111\"> </span>(501) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt reserv<span class=\"_ _4\"></span>es recognition <span class=\"_ _ef\"> </span>     <span class=\"fc6 sc0\">   </span>                     -  <span class=\"_ _102\"> </span>660 Incremental R&amp;D tax inc<span class=\"_ _0\"></span>entives <span class=\"_ _181\"> </span>1,4<span class=\"_ _0\"></span>76 <span class=\"_ _149\"> </span>640 Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790 Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505) Prior year inc<span class=\"_ _0\"></span>ome tax <span class=\"_ _182\"> </span>(1,020) <span class=\"_ _cb\"> </span>(590) Income tax e<span class=\"_ _0\"></span>xpense report<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _0\"></span>ofit or loss <span class=\"_ _da\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) Effectiv<span class=\"_ _0\"></span>e tax rat<span class=\"_ _0\"></span>e <span class=\"_ _183\"> </span>(13.6%) <span class=\"_ _aa\"> </span>(27<span class=\"_ _1\"></span>.6%)The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate in Belgium accor<span class=\"_ _4\"></span>ding to the applicable tax legislation is 25%.<span class=\"_ _8\"></span> The tax<span class=\"_ _0\"></span>able profit of each subsidiary is tax<span class=\"_ _4\"></span>ed at the applicable income tax rat<span class=\"_ _0\"></span>e in the country wher<span class=\"_ _4\"></span>e each subsidiary<span class=\"_ _8\"></span> is domiciled. Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the Gr<span class=\"_ _4\"></span>eek law 4<span class=\"_ _0\"></span>799<span class=\"_ _0\"></span>/20<span class=\"_ _0\"></span>21, enacted in Ma<span class=\"_ _0\"></span>y 2021, the c<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e income tax r<span class=\"_ _4\"></span>ate for legal entities in Greec<span class=\"_ _0\"></span>e, wher<span class=\"_ _0\"></span>e most of Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries are located, f<span class=\"_ _0\"></span>or the fiscal year 20<span class=\"_ _0\"></span>21 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds is set at 22%. The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate of legal entities in Romania is set at 16% and in the USA the f<span class=\"_ _0\"></span>ederal c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate inc<span class=\"_ _0\"></span>ome tax rat<span class=\"_ _0\"></span>e is set at 21%. The eff<span class=\"_ _0\"></span>ective inc<span class=\"_ _0\"></span>ome tax r<span class=\"_ _0\"></span>ate of the Gr<span class=\"_ _4\"></span>oup was influenced by the r<span class=\"_ _4\"></span>ecognition of pre<span class=\"_ _0\"></span>viously unr<span class=\"_ _0\"></span>ecognised deferr<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> tax asset on prior y<span class=\"_ _0\"></span>ears\u2019 tax losses carried forw<span class=\"_ _4\"></span>ard, as the current asses<span class=\"_ _0\"></span>sment r<span class=\"_ _0\"></span>egarding the r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of av<span class=\"_ _0\"></span>ailable tax losses t<span class=\"_ _0\"></span>o offset future tax<span class=\"_ _0\"></span>able income in s<span class=\"_ _0\"></span>teel pipes segment led t<span class=\"_ _0\"></span>o the rec<span class=\"_ _0\"></span>ognition of deferr<span class=\"_ _4\"></span>ed tax<span class=\"_ _8\"></span> asset of EUR 4.6 million.  Based on applicable Greek tax legislation, r<span class=\"_ _4\"></span>esearch and dev<span class=\"_ _4\"></span>elopment (R&amp;D) e<span class=\"_ _0\"></span>xpenditure<span class=\"_ _0\"></span>, including the tax depreciation c<span class=\"_ _0\"></span>osts of equipment and ins<span class=\"_ _0\"></span>truments used in R&amp;D activities, may be deduct<span class=\"_ _0\"></span>ed from gr<span class=\"_ _4\"></span>oss income of a company with incr<span class=\"_ _4\"></span>eased deduction rates. Specifically<span class=\"_ _1\"></span>, R&amp;D expenditur<span class=\"_ _0\"></span>e in Greec<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>y be deducted fr<span class=\"_ _0\"></span>om gr<span class=\"_ _0\"></span>oss income when incurr<span class=\"_ _0\"></span>ed at a r<span class=\"_ _0\"></span>ate of 200% fr<span class=\"_ _4\"></span>om 1 September 2020 and onwar<span class=\"_ _4\"></span>ds. The subsidiaries of Cenergy Holdings in Greec<span class=\"_ _0\"></span>e mak<span class=\"_ _0\"></span>e use of the abov<span class=\"_ _4\"></span>e tax pro<span class=\"_ _0\"></span>visions and the estimat<span class=\"_ _0\"></span>e regar<span class=\"_ _4\"></span>ding the related tax benefit is pr<span class=\"_ _0\"></span>esented in the line \u201cIncremental R&amp;D tax inc<span class=\"_ _0\"></span>entiv<span class=\"_ _0\"></span>es\u201d of the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e. C. Mov<span class=\"_ _4\"></span>ement in deferred tax balances The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2022 <span class=\"_ _184\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _22\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _e2\"> </span>tax<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _64\"> </span>December <span class=\"_ _8c\"> </span>assets <span class=\"_ _75\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _18a\"> </span>(34,227) <span class=\"_ _8b\"> </span>(3,422) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _85\"> </span>(37<span class=\"_ _1\"></span>,648)<span class=\"ff19 ws94\"> <span class=\"_ _5f\"> </span>4 (37<span class=\"_ _1\"></span>,652) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _24\"> </span>(10) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">(5)</span> 9 <span class=\"_ _5\"> </span>(15)  Intangible assets <span class=\"_ _18e\"> </span>(1,922) <span class=\"_ _4e\"> </span>(126) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _91\"> </span><span class=\"ff1a\">(2,048)</span> <span class=\"_ _27\"> </span>103 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Inv<span class=\"_ _0\"></span>entories <span class=\"_ _192\"> </span>79 <span class=\"_ _18\"></span>21 - <span class=\"_ _4\"></span>- <span class=\"_ _d\"></span>- - <span class=\"_ _32\"></span>100 100 <span class=\"_ _85\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _f8\"> </span>(13,064) <span class=\"_ _29\"> </span>(5,485) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _193\"> </span><span class=\"ff1a\">(18,549)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _9f\"> </span>(18,549)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _df\"> </span>462 <span class=\"_ _79\"> </span>(1,060) <span class=\"_ _45\"> </span>(684) <span class=\"_ _8f\"> </span>- <span class=\"_ _194\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _61\"> </span><span class=\"ff1a\">(1,282)</span> <span class=\"_ _b\"> </span>29 (1,310)  Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _d0\"> </span>(1,311) <span class=\"_ _86\"> </span>541 <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _4a\"> </span>(77<span class=\"_ _0\"></span>0) 172 <span class=\"_ _c\"> </span>(941)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _195\"> </span>668 <span class=\"_ _44\"> </span>87 <span class=\"_ _9c\"> </span>(94) <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">660</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>660 <span class=\"_ _190\"> </span>-  </span> Pro<span class=\"_ _0\"></span>visions <span class=\"_ _196\"> </span>3,056 <span class=\"_ _80\"> </span>(644) <span class=\"_ _18b\"> </span>-  <span class=\"_ _34\"> </span>183 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _63\"> </span><span class=\"ff1a\">2,594</span><span class=\"ws98\"> <span class=\"_ _80\"> </span>2,594 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _198\"> </span>(637) <span class=\"_ _74\"> </span>555 <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(18) <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _86\"> </span><span class=\"ff1a\">(100)</span> 5<span class=\"_ _0\"></span>92 <span class=\"_ _7\"> </span>(692)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _c6\"> </span>405 <span class=\"_ _8c\"> </span>11,16<span class=\"_ _0\"></span>3 <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>3 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _74\"> </span>11,5<span class=\"_ _0\"></span>70<span class=\"ff19 ws98\"> <span class=\"_ _5c\"> </span>11,57<span class=\"_ _0\"></span>0 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _e3\"> </span>11,266 <span class=\"_ _8c\"> </span>1,664 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _75\"> </span><span class=\"ff1a\">12,930</span><span class=\"ws9e\"> 12,930 <span class=\"_ _92\"> </span>- </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _52\"> </span>(35,<span class=\"_ _0\"></span>148) <span class=\"_ _80\"> </span>3,284 <span class=\"_ _57\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _a2\"> </span>(32,4<span class=\"_ _4\"></span>75) <span class=\"_ _5f\"> </span>28,834 <span class=\"_ _a2\"> </span>(61,309)  Set-off tax <span class=\"_ _60\"> </span>  <span class=\"_ _19a\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _18b\"> </span>  <span class=\"_ _19b\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"ff1c ws9f\"> (25,991) <span class=\"_ _a2\"> </span>25,991 </span> Net tax assets / (liabilities) <span class=\"_ _d3\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _85\"> </span>3,284 <span class=\"_ _61\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _194\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _78\"> </span>(32,47<span class=\"_ _0\"></span>5) <span class=\"_ _78\"> </span>2,843 <span class=\"_ _99\"> </span>(35,318)The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the prior y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2021 <span class=\"_ _19c\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _80\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _197\"> </span>tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _193\"> </span>December <span class=\"_ _4e\"> </span>assets <span class=\"_ _e9\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _88\"> </span>(33,391) <span class=\"_ _79\"> </span>(3,792) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _57\"> </span>2,954 <span class=\"_ _18d\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff1a\">(34,227)</span><span class=\"wsa1\"> <span class=\"_ _5d\"> </span>4 (34,230) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _18f\"> </span>1 <span class=\"_ _18b\"> </span>-  <span class=\"_ _e4\"> </span>-  <span class=\"_ _71\"> </span>(1) <span class=\"_ _18d\"> </span>-  <span class=\"_ _fb\"> </span><span class=\"ff1a\">4</span> 9 <span class=\"_ _54\"> </span>(5)  Intangible assets <span class=\"_ _10c\"> </span>(1,934) <span class=\"_ _94\"> </span>(162) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _9a\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _18b\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">(1,922)</span> <span class=\"_ _8\"></span>229 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _8f\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> Inv<span class=\"_ _0\"></span>entories <span class=\"_ _f\"> </span>7<span class=\"_ _0\"></span>3 <span class=\"_ _42\"> </span>12 <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _43\"> </span>(6) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff1a lse5 ws6b\">79</span> 79 <span class=\"_ _7c\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _12b\"> </span>(11,423) <span class=\"_ _5d\"> </span>(2,523) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _71\"> </span>881 <span class=\"_ _18b\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">(13,064)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _8d\"> </span>(13,064)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _1a0\"> </span>466 <span class=\"_ _34\"> </span>48 <span class=\"_ _a1\"> </span>12 <span class=\"_ _90\"> </span>-  <span class=\"_ _e4\"> </span>5 <span class=\"_ _92\"> </span>(70) <span class=\"_ _6f\"> </span><span class=\"ff1a\">462</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>462 <span class=\"_ _190\"> </span>-  </span> Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _163\"> </span>(1,968) <span class=\"_ _24\"> </span>505 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _33\"> </span>152 <span class=\"_ _18d\"> </span>-  <span class=\"_ _24\"> </span><span class=\"ff1a\">(1,311)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _57\"> </span>(1,311)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _1a1\"> </span>610 <span class=\"_ _4a\"> </span>64 <span class=\"_ _3c\"> </span>(148) <span class=\"_ _8f\"> </span>- <span class=\"_ _4a\"> </span>(49) <span class=\"_ _9a\"> </span>191 <span class=\"_ _1a2\"> </span><span class=\"ff1a\">668</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>668 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Pro<span class=\"_ _0\"></span>visions <span class=\"_ _cd\"> </span>313 <span class=\"_ _1a3\"></span>2,777 - <span class=\"_ _1a4\"></span>(4) <span class=\"_ _1a5\"></span>(30) - <span class=\"_ _1a6\"></span>3,056<span class=\"ff19 ws98\"> <span class=\"_ _99\"> </span>3,056 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _1a7\"> </span>(37<span class=\"_ _0\"></span>5) <span class=\"_ _193\"> </span>(262) <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(12) <span class=\"_ _28\"> </span>13 <span class=\"_ _197\"> </span> -  <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(637)</span> 298 <span class=\"_ _7\"> </span>(935)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _109\"> </span>5,265 <span class=\"_ _81\"> </span>(4,599) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _74\"> </span>(263) <span class=\"_ _18b\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff1a\">405</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>405 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _10a\"> </span>12,603 <span class=\"_ _193\"> </span>(295) <span class=\"_ _18b\"> </span>-  <span class=\"_ _83\"> </span>(2) <span class=\"_ _85\"> </span>(1,040) <span class=\"_ _18b\"> </span>-  <span class=\"_ _1a9\"> </span><span class=\"ff1a\">11,266</span><span class=\"ws98\"> <span class=\"_ _5c\"> </span>11,266 <span class=\"_ _190\"> </span>-  </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _53\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _92\"> </span>(14) <span class=\"_ _61\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _e9\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _79\"> </span>16,547 <span class=\"_ _35\"> </span>(51,695)  Set-off tax <span class=\"_ _60\"> </span> <span class=\"_ _197\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _19b\"> </span> <span class=\"_ _18a\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"_ _36\"> </span>(13,314) <span class=\"_ _63\"> </span>13,314  Net tax assets / (liabilities) <span class=\"_ _3e\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _4a\"> </span>(14) <span class=\"_ _9d\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _64\"> </span>(35,148) <span class=\"_ _a2\"> </span>3,233 <span class=\"_ _78\"> </span>(38,382)On 31 December 2022, the ac<span class=\"_ _0\"></span>cumulated tax los<span class=\"_ _0\"></span>ses carried forw<span class=\"_ _0\"></span>ard a<span class=\"_ _4\"></span>vailable for futur<span class=\"_ _0\"></span>e use amounted t<span class=\"_ _0\"></span>o EUR 61.3 million. Cener<span class=\"_ _4\"></span>gy Holdings\u2019 companies hav<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised a deferr<span class=\"_ _4\"></span>ed tax asset on tax losses of EUR 52.6 million because management consider<span class=\"_ _0\"></span>ed it pr<span class=\"_ _0\"></span>obable that future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits would be a<span class=\"_ _4\"></span>vailable against which such tax losses can be used during the ne<span class=\"_ _0\"></span>xt fiv<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>ears. Deferr<span class=\"_ _0\"></span>ed tax asset on tax losses of EUR 7<span class=\"_ _1\"></span>.9 million relat<span class=\"_ _0\"></span>es to s<span class=\"_ _0\"></span>teel pipes segment, while the respectiv<span class=\"_ _4\"></span>e amount for cables segment is EUR 3.7 million.  Based on management\u2019s estima<span class=\"_ _0\"></span>tes r<span class=\"_ _0\"></span>egar<span class=\"_ _0\"></span>ding the future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits and the utilization period of tax losses accor<span class=\"_ _4\"></span>ding to applicable tax legislation deferr<span class=\"_ _0\"></span>ed tax assets hav<span class=\"_ _4\"></span>e not been recognised in r<span class=\"_ _0\"></span>espect of tax losses carried forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>or an amount of EUR 8.7 million with e<span class=\"_ _4\"></span>xpiration date during the period 20<span class=\"_ _0\"></span>23 to 202<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>. Such tax losses for which deferr<span class=\"_ _0\"></span>ed tax assets ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not been rec<span class=\"_ _0\"></span>ognised mainly conc<span class=\"_ _0\"></span>ern the par<span class=\"_ _0\"></span>ent holdings company<span class=\"_ _1\"></span>.  Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the pr<span class=\"_ _4\"></span>ovisions of articles 49 and 72 of the Gr<span class=\"_ _4\"></span>eek Law 4172/<span class=\"_ _0\"></span>2013 c<span class=\"_ _0\"></span>oncerning thin capitalization, net inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense is deductible fr<span class=\"_ _0\"></span>om current y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s tax pr<span class=\"_ _0\"></span>ofits, if it is equal or less than 30% of EBITD<span class=\"_ _4\"></span>A and any ex<span class=\"_ _4\"></span>cess can be settled with futur<span class=\"_ _0\"></span>e tax profits without time limita<span class=\"_ _0\"></span>tions. Similar thin capitalization rules apply to the tax deductibility of inter<span class=\"_ _0\"></span>est in R<span class=\"_ _0\"></span>omania. Specifically<span class=\"_ _4\"></span>, net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>ost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITD<span class=\"_ _4\"></span>A. The ex<span class=\"_ _4\"></span>cess net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e non-deductible in the r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> tax period and may be carried f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d to an unlimit<span class=\"_ _0\"></span>ed number of tax y<span class=\"_ _0\"></span>ears. During 2022, def<span class=\"_ _0\"></span>erred tax as<span class=\"_ _0\"></span>set rec<span class=\"_ _0\"></span>ognised due to thin capitalization rules incr<span class=\"_ _4\"></span>eased by EUR 1.7 million.  C. Amounts recognised in the C<span class=\"_ _0\"></span>onsolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Loss The Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss sho<span class=\"_ _0\"></span>ws the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing amounts rela<span class=\"_ _0\"></span>ting to leases:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Depreciation charge of right-of-use as<span class=\"_ _0\"></span>sets <span class=\"_ _1e5\"> </span> <span class=\"_ _137\"> </span>  Buildings <span class=\"_ _d5\"> </span>76 <span class=\"_ _11a\"> </span>68  Machinery <span class=\"_ _d6\"> </span>51 <span class=\"_ _114\"> </span>252  T<span class=\"_ _4\"></span>ransportation means <span class=\"_ _159\"> </span>1,029 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>107  Other equipment <span class=\"_ _1e6\"> </span>64 <span class=\"_ _11a\"> </span>63  T<span class=\"_ _1\"></span>otal <span class=\"_ _1e7\"> </span>1,221 <span class=\"_ _c7\"> </span>1,490  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense (included in finance cos<span class=\"_ _0\"></span>t) <span class=\"_ _1e8\"> </span>226 <span class=\"_ _10e\"> </span>20<span class=\"_ _0\"></span>7  V<span class=\"_ _4\"></span>ariable rental fees <span class=\"_ _1e9\"> </span>27<span class=\"_ _1\"></span>4 <span class=\"_ _1b8\"> </span>123  Low v<span class=\"_ _4\"></span>alue rental fees <span class=\"_ _17e\"> </span>275 <span class=\"_ _1c9\"> </span>190  Short term r<span class=\"_ _0\"></span>ental fees <span class=\"_ _1ea\"> </span>2,865 <span class=\"_ _111\"> </span>1,680 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-164-4": {
   "value": "C. Expenses by natur<span class=\"_ _0\"></span>e  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) The incr<span class=\"_ _0\"></span>ease in \u201c\u03a4hir<span class=\"_ _0\"></span>d party fees and benefits\u201d is at<span class=\"_ _0\"></span>tributed mainly t<span class=\"_ _0\"></span>o project-r<span class=\"_ _4\"></span>elated services offer<span class=\"_ _0\"></span>ed during 2022 compar<span class=\"_ _4\"></span>ed to prior year b<span class=\"_ _0\"></span>y subcontr<span class=\"_ _0\"></span>actors. T<span class=\"_ _4\"></span>he increase is attributed t<span class=\"_ _0\"></span>o both segments as in 2022 st<span class=\"_ _0\"></span>eel pipes segment used subcontr<span class=\"_ _0\"></span>actors f<span class=\"_ _0\"></span>or coating servic<span class=\"_ _0\"></span>es in the cont<span class=\"_ _0\"></span>ext of as<span class=\"_ _0\"></span>signed pr<span class=\"_ _0\"></span>ojects, while the installation services in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of turnk<span class=\"_ _0\"></span>ey c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts ex<span class=\"_ _4\"></span>ecuted by subsidiaries in the cables segment during 2022 w<span class=\"_ _4\"></span>ere significantly higher compar<span class=\"_ _0\"></span>ed to 20<span class=\"_ _0\"></span>21. Specifically<span class=\"_ _4\"></span>, during 2022 the installation f<span class=\"_ _0\"></span>or the submarine inter<span class=\"_ _0\"></span>connection of Nax<span class=\"_ _0\"></span>os-Santorini, medium v<span class=\"_ _0\"></span>oltage inter<span class=\"_ _4\"></span>connections in sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al locations in Gr<span class=\"_ _0\"></span>eece and se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>eral onshor<span class=\"_ _4\"></span>e projects wer<span class=\"_ _4\"></span>e undertaken by subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in Cables segment. During 2021, installa<span class=\"_ _0\"></span>tion services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of cables projects as<span class=\"_ _0\"></span>signed to subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors w<span class=\"_ _0\"></span>ere mor<span class=\"_ _4\"></span>e limited in the onshore cables business, while only one major offshore ins<span class=\"_ _0\"></span>tallation took plac<span class=\"_ _0\"></span>e, i.<span class=\"_ _0\"></span>e. the final installation phase f<span class=\"_ _0\"></span>or the inter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onnection of the Cret<span class=\"_ _0\"></span>e \u2013 Peloponese inter<span class=\"_ _0\"></span>connection.The fluctuation in tr<span class=\"_ _4\"></span>ansportation costs relat<span class=\"_ _0\"></span>e to the geogr<span class=\"_ _4\"></span>aphical mix of sales and volume of deliv<span class=\"_ _0\"></span>eries in steel pipes segment that took plac<span class=\"_ _0\"></span>e in 2022 compar<span class=\"_ _4\"></span>ed to 2021. As mentioned in note 7<span class=\"_ _1\"></span>.F<span class=\"_ _4\"></span>, when certain criteria ar<span class=\"_ _0\"></span>e met, transportation is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as a separa<span class=\"_ _0\"></span>te performanc<span class=\"_ _0\"></span>e obligation and the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when such performance obliga<span class=\"_ _0\"></span>tions are fulfilled. Cener<span class=\"_ _0\"></span>gy Holdings significantly inv<span class=\"_ _4\"></span>ests in resear<span class=\"_ _0\"></span>ch and dev<span class=\"_ _4\"></span>elopment in order to continuously bring v<span class=\"_ _4\"></span>alue-added<span class=\"_ _8\"></span> products and servic<span class=\"_ _0\"></span>es to the mark<span class=\"_ _0\"></span>et and impr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e production pr<span class=\"_ _4\"></span>ocesses, as well as t<span class=\"_ _0\"></span>o promot<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>erials rec<span class=\"_ _0\"></span>ycling and the proper use of natur<span class=\"_ _4\"></span>al resourc<span class=\"_ _0\"></span>es. The aggr<span class=\"_ _4\"></span>egate amount of resear<span class=\"_ _0\"></span>ch and de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment expenditur<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as an e<span class=\"_ _0\"></span>xpense for 2022 amounts t<span class=\"_ _0\"></span>o EUR 5.5 million (2021: EUR 4.<span class=\"_ _0\"></span>0 million). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-164-5": {
   "value": "C. Expenses by natur<span class=\"_ _0\"></span>e  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) The incr<span class=\"_ _0\"></span>ease in \u201c\u03a4hir<span class=\"_ _0\"></span>d party fees and benefits\u201d is at<span class=\"_ _0\"></span>tributed mainly t<span class=\"_ _0\"></span>o project-r<span class=\"_ _4\"></span>elated services offer<span class=\"_ _0\"></span>ed during 2022 compar<span class=\"_ _4\"></span>ed to prior year b<span class=\"_ _0\"></span>y subcontr<span class=\"_ _0\"></span>actors. T<span class=\"_ _4\"></span>he increase is attributed t<span class=\"_ _0\"></span>o both segments as in 2022 st<span class=\"_ _0\"></span>eel pipes segment used subcontr<span class=\"_ _0\"></span>actors f<span class=\"_ _0\"></span>or coating servic<span class=\"_ _0\"></span>es in the cont<span class=\"_ _0\"></span>ext of as<span class=\"_ _0\"></span>signed pr<span class=\"_ _0\"></span>ojects, while the installation services in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of turnk<span class=\"_ _0\"></span>ey c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts ex<span class=\"_ _4\"></span>ecuted by subsidiaries in the cables segment during 2022 w<span class=\"_ _4\"></span>ere significantly higher compar<span class=\"_ _0\"></span>ed to 20<span class=\"_ _0\"></span>21. Specifically<span class=\"_ _4\"></span>, during 2022 the installation f<span class=\"_ _0\"></span>or the submarine inter<span class=\"_ _0\"></span>connection of Nax<span class=\"_ _0\"></span>os-Santorini, medium v<span class=\"_ _0\"></span>oltage inter<span class=\"_ _4\"></span>connections in sev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al locations in Gr<span class=\"_ _0\"></span>eece and se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>eral onshor<span class=\"_ _4\"></span>e projects wer<span class=\"_ _4\"></span>e undertaken by subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors in Cables segment. During 2021, installa<span class=\"_ _0\"></span>tion services pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vided in the cont<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>xt of cables projects as<span class=\"_ _0\"></span>signed to subc<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ors w<span class=\"_ _0\"></span>ere mor<span class=\"_ _4\"></span>e limited in the onshore cables business, while only one major offshore ins<span class=\"_ _0\"></span>tallation took plac<span class=\"_ _0\"></span>e, i.<span class=\"_ _0\"></span>e. the final installation phase f<span class=\"_ _0\"></span>or the inter<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onnection of the Cret<span class=\"_ _0\"></span>e \u2013 Peloponese inter<span class=\"_ _0\"></span>connection.The fluctuation in tr<span class=\"_ _4\"></span>ansportation costs relat<span class=\"_ _0\"></span>e to the geogr<span class=\"_ _4\"></span>aphical mix of sales and volume of deliv<span class=\"_ _0\"></span>eries in steel pipes segment that took plac<span class=\"_ _0\"></span>e in 2022 compar<span class=\"_ _4\"></span>ed to 2021. As mentioned in note 7<span class=\"_ _1\"></span>.F<span class=\"_ _4\"></span>, when certain criteria ar<span class=\"_ _0\"></span>e met, transportation is c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as a separa<span class=\"_ _0\"></span>te performanc<span class=\"_ _0\"></span>e obligation and the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed when such performance obliga<span class=\"_ _0\"></span>tions are fulfilled. Cener<span class=\"_ _0\"></span>gy Holdings significantly inv<span class=\"_ _4\"></span>ests in resear<span class=\"_ _0\"></span>ch and dev<span class=\"_ _4\"></span>elopment in order to continuously bring v<span class=\"_ _4\"></span>alue-added<span class=\"_ _8\"></span> products and servic<span class=\"_ _0\"></span>es to the mark<span class=\"_ _0\"></span>et and impr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e production pr<span class=\"_ _4\"></span>ocesses, as well as t<span class=\"_ _0\"></span>o promot<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>erials rec<span class=\"_ _0\"></span>ycling and the proper use of natur<span class=\"_ _4\"></span>al resourc<span class=\"_ _0\"></span>es. The aggr<span class=\"_ _4\"></span>egate amount of resear<span class=\"_ _0\"></span>ch and de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment expenditur<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as an e<span class=\"_ _0\"></span>xpense for 2022 amounts t<span class=\"_ _0\"></span>o EUR 5.5 million (2021: EUR 4.<span class=\"_ _0\"></span>0 million). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-165-7": {
   "value": " <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Cost of in<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>ories r<span class=\"_ _0\"></span>ecognized as an e<span class=\"_ _4\"></span>xpense <span class=\"_ _123\"> </span> <span class=\"_ _113\"> </span>(96<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>,64<span class=\"_ _0\"></span>7) <span class=\"_ _124\"> </span>(721,661)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _e6\"> </span>12 <span class=\"_ _c3\"> </span>(90,334) <span class=\"_ _b1\"> </span>(7<span class=\"_ _0\"></span>3,64<span class=\"_ _0\"></span>7)  Energy <span class=\"_ _125\"> </span> <span class=\"_ _c0\"> </span>(26,222) <span class=\"_ _a6\"> </span>(16,4<span class=\"_ _0\"></span>77)  Depreciation and amortisation <span class=\"_ _126\"> </span>17<span class=\"_ _4\"></span>, 18, 19 <span class=\"_ _127\"> </span>(28,385) <span class=\"_ _af\"> </span>(26,433)  Amortization of contr<span class=\"_ _0\"></span>act costs <span class=\"_ _56\"> </span> <span class=\"_ _11c\"> </span>(153) <span class=\"_ _109\"> </span>(156)  T<span class=\"_ _1\"></span>axes - duties <span class=\"_ _84\"> </span> <span class=\"_ _cb\"> </span>(2,011) <span class=\"_ _b7\"> </span>(1,603)  Insuranc<span class=\"_ _0\"></span>e premiums <span class=\"_ _8a\"> </span> <span class=\"_ _127\"> </span>(18,046) <span class=\"_ _cb\"> </span>(9,349)  Rental fees <span class=\"_ _128\"> </span> <span class=\"_ _b1\"> </span>(3,995) <span class=\"_ _cb\"> </span>(2,464)  T<span class=\"_ _4\"></span>ransportation <span class=\"_ _129\"> </span> <span class=\"_ _a8\"> </span>(49<span class=\"_ _0\"></span>,427) <span class=\"_ _118\"> </span>(27<span class=\"_ _1\"></span>,618)  Promotion &amp; adv<span class=\"_ _0\"></span>ertising <span class=\"_ _12a\"> </span> <span class=\"_ _10b\"> </span>(1,241) <span class=\"_ _11f\"> </span>(596)  Thir<span class=\"_ _0\"></span>d party fees and benefits <span class=\"_ _fa\"> </span> <span class=\"_ _12b\"> </span>(104,903) <span class=\"_ _af\"> </span>(64,723)  Loss fr<span class=\"_ _0\"></span>om deriva<span class=\"_ _0\"></span>tives <span class=\"_ _12c\"> </span> <span class=\"_ _111\"> </span>2,084 <span class=\"_ _a6\"> </span>(18,433)  Maintenance e<span class=\"_ _4\"></span>xpenses <span class=\"_ _12d\"> </span> <span class=\"_ _12e\"> </span>(12,452) <span class=\"_ _12f\"> </span>(9,089)  T<span class=\"_ _4\"></span>ra<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el expenses <span class=\"_ _82\"> </span> <span class=\"_ _122\"> </span>(6,<span class=\"_ _0\"></span>178) <span class=\"_ _12f\"> </span>(3,890)  Commissions <span class=\"_ _130\"> </span> <span class=\"_ _118\"> </span>(4,<span class=\"_ _0\"></span>187) <span class=\"_ _10b\"> </span>(4,397)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains/(los<span class=\"_ _0\"></span>ses) <span class=\"_ _131\"> </span> <span class=\"_ _af\"> </span>(8,<span class=\"_ _0\"></span>096) <span class=\"_ _d0\"> </span>(796)  Other expenses <span class=\"_ _132\"> </span> <span class=\"_ _a6\"> </span>(4,194) <span class=\"_ _c7\"> </span>(3,782)  T<span class=\"_ _1\"></span>otal cost of sales, selling &amp; distribution e<span class=\"_ _0\"></span>xpenses   and administra<span class=\"_ _0\"></span>tive e<span class=\"_ _4\"></span>xpenses <span class=\"_ _133\"> </span> <span class=\"_ _134\"> </span>(1,325,386) <span class=\"_ _12e\"> </span>(985,<span class=\"_ _0\"></span>115) A. Reconciliation of carrying amount  <span class=\"_ _10d\"> </span> Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings  Machinery Furniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction  T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  <span class=\"_\"> </span>Co<span class=\"_ _8\"></span>st <span class=\"_ _1bc\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _122\"> </span> <span class=\"_ _12b\"> </span> <span class=\"_ _40\"> </span>   Balance on 1 January 2021 <span class=\"_ _be\"> </span>177<span class=\"_ _0\"></span>,222 <span class=\"_ _89\"> </span>539,713 <span class=\"_ _1be\"> </span>25,564 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _8b\"> </span><span class=\"ff1a\">794,05<span class=\"_ _0\"></span>2<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1bf\"> </span>(321) <span class=\"_ _6f\"> </span>(7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7) <span class=\"_ _fe\"> </span>(47) <span class=\"_ _20\"> </span>(22) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>7) </span> Additions <span class=\"_ _59\"> </span>596 <span class=\"_ _6f\"> </span>7<span class=\"_ _4\"></span>,47<span class=\"_ _0\"></span>5 <span class=\"_ _f9\"> </span>2,298 <span class=\"_ _1c0\"> </span>30,<span class=\"_ _0\"></span>762 <span class=\"_ _8c\"> </span><span class=\"ff1a\">41,<span class=\"_ _0\"></span>130<span class=\"ff19\"> </span></span> Disposals <span class=\"_ _1c1\"> </span>(625) <span class=\"_ _43\"> </span>(352) <span class=\"_ _41\"> </span>(187) <span class=\"_ _194\"> </span>(18) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>183) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _1c2\"> </span>(340) <span class=\"_ _5b\"> </span>(31) <span class=\"_ _1bf\"> </span>-  <span class=\"_ _22\"> </span><span class=\"ff1a\">(371) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c3\"> </span>15,463 <span class=\"_ _4a\"> </span>35,296 <span class=\"_ _5b\"> </span>587 <span class=\"_ _63\"> </span>(51,444) <span class=\"_ _89\"> </span><span class=\"ff1a\">(99) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _e8\"> </span>192,335 <span class=\"_ _1a9\"> </span>581,034 <span class=\"_ _1c4\"> </span>28,<span class=\"_ _0\"></span>184 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _5d\"> </span>832,383  Balance on 1 January 2022 <span class=\"_ _192\"> </span>192,335 <span class=\"_ _3c\"> </span>581,034 <span class=\"_ _18a\"> </span>28,<span class=\"_ _4\"></span>184 <span class=\"_ _1c2\"> </span>30,831 <span class=\"_ _5d\"> </span><span class=\"ff1a\">832,383</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _118\"> </span>1 <span class=\"_ _13\"> </span>4 <span class=\"_ _aa\"> </span>6 <span class=\"_ _8f\"> </span>(96) <span class=\"_ _89\"> </span><span class=\"ff1a\">(84) </span> Additions <span class=\"_ _1c5\"> </span>17<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>146 <span class=\"_ _9a\"> </span>6,322 <span class=\"_ _41\"> </span>1,4<span class=\"_ _4\"></span>78 <span class=\"_ _33\"> </span>50<span class=\"_ _0\"></span>,985 <span class=\"_ _80\"> </span><span class=\"ff1a\">75,932</span>  Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _19b\"> </span>(9) <span class=\"_ _fe\"> </span>(23) <span class=\"_ _1bf\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff1a\">(32) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1c7\"> </span>(5) <span class=\"_ _92\"> </span>(1,484) <span class=\"_ _13\"> </span>(188) <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,677) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c8\"> </span>2,404 <span class=\"_ _33\"> </span>12,556 <span class=\"_ _1bf\"> </span>520 <span class=\"_ _f6\"> </span>(17<span class=\"_ _4\"></span>,215) <span class=\"_ _80\"> </span><span class=\"ff1a\">(1,735) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _c9\"> </span>211,881 <span class=\"_ _9d\"> </span>598,424 <span class=\"_ _194\"> </span>29,977 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _29\"> </span>904,788 Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings MachineryFurniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span><span class=\"ff19 fc9 ls5\"> </span> Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and   impairment losses <span class=\"ff19\"> </span> Balance on 1 January 2021 <span class=\"_ _1ca\"> </span>(68,821) <span class=\"_ _193\"> </span>(2<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>778) <span class=\"_ _20\"> </span>(17<span class=\"_ _4\"></span>,516) <span class=\"_ _1bf\"> </span>- <span class=\"_ _9b\"> </span><span class=\"ff1a\">(336,115) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _113\"> </span>224 <span class=\"_ _90\"> </span>487 <span class=\"_ _13f\"> </span>3<span class=\"_ _0\"></span>7 <span class=\"_ _1bf\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff1a lsf7 ws6c\">74<span class=\"_ _8\"></span>8<span class=\"_ _d\"></span></span>  Depreciation <span class=\"_ _1cb\"> </span>(3,238) <span class=\"_ _24\"> </span>(16,0<span class=\"_ _0\"></span>77) <span class=\"_ _fb\"> </span>(1,808) <span class=\"_ _1bf\"> </span>- <span class=\"_ _8d\"> </span><span class=\"ff1a\">(21,<span class=\"_ _0\"></span>122) </span> Disposals <span class=\"_ _170\"> </span>622 <span class=\"_ _8f\"> </span>298 <span class=\"_ _1cc\"> </span>185 <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a9\"> </span><span class=\"ff1a\">1,105</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _165\"> </span>340 <span class=\"_ _1ad\"> </span>16 <span class=\"_ _1bf\"> </span>- <span class=\"_ _4a\"> </span><span class=\"ff1a ls85 ws6d\">356</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _f5\"> </span>- <span class=\"_ _1cd\"> </span>(872) <span class=\"_ _fe\"> </span>(25) <span class=\"_ _1bf\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">(898) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _c7\"> </span>(71,213) <span class=\"_ _5c\"> </span>(265,602) <span class=\"_ _194\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _53\"> </span>(355,9<span class=\"_ _0\"></span>25)  Balance on 1 January 2022 <span class=\"_ _1ce\"> </span>(71,213) <span class=\"_ _80\"> </span>(265,602) <span class=\"_ _1c4\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span><span class=\"ff1a\">(355,925) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _127\"> </span>(1) <span class=\"_ _197\"> </span>(22) <span class=\"_ _1d0\"> </span>(4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(27) </span> Depreciation <span class=\"_ _1d1\"> </span>(3,489) <span class=\"_ _3c\"> </span>(17<span class=\"_ _4\"></span>,528) <span class=\"_ _20\"> </span>(2,02<span class=\"_ _0\"></span>4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _81\"> </span><span class=\"ff1a\">(23,041) </span> Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _13\"> </span>9 <span class=\"_ _1ad\"> </span>17 <span class=\"_ _1bf\"> </span>- <span class=\"_ _71\"> </span><span class=\"ff1a\">26</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1d2\"> </span>5 <span class=\"_ _a1\"> </span>1,431 <span class=\"_ _1cc\"> </span>187 <span class=\"_ _1bf\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">1,623</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1a0\"> </span>8 <span class=\"_ _28\"> </span>(70) <span class=\"_ _3d\"> </span>(5) <span class=\"_ _1bf\"> </span>- <span class=\"_ _89\"> </span><span class=\"ff1a\">(66)</span>  Impairment loss <span class=\"_ _1d3\"> </span>- <span class=\"_ _34\"> </span>(1,222) <span class=\"_ _124\"> </span>- <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,222) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1d4\"> </span>(7<span class=\"_ _4\"></span>4,690) <span class=\"_ _35\"> </span>(283,003) <span class=\"_ _43\"> </span>(20,940) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span>(378,632)  Carrying amounts  On 1 January 2021 <span class=\"_ _1d5\"> </span>108,401 <span class=\"_ _24\"> </span>289,935 <span class=\"_ _190\"> </span>8,048 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _7c\"> </span><span class=\"ff1a\">45<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,937<span class=\"ff19\"> </span></span> On 31 December 2021 <span class=\"_ _1d6\"> </span>121,<span class=\"_ _0\"></span>122 <span class=\"_ _3c\"> </span>315,432 <span class=\"_ _88\"> </span>9,<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>3 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _8b\"> </span>4<span class=\"_ _0\"></span>76,458  On 31 December 2022 <span class=\"_ _1d7\"> </span>137<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>192 <span class=\"_ _1a8\"> </span>315,421 <span class=\"_ _190\"> </span>9,038 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _93\"> </span>526,<span class=\"_ _0\"></span>156<span class=\"wsa8\">  </span>The net amount in other r<span class=\"_ _0\"></span>eclassifications c<span class=\"_ _0\"></span>oncerns intangible as<span class=\"_ _0\"></span>sets under construction r<span class=\"_ _4\"></span>eclassified during the year to intangible assets and r<span class=\"_ _4\"></span>eclassifications from Right of Use assets. B. SecurityProperty<span class=\"_ _1\"></span>, plant &amp; equipment with a carrying amount of EUR 49 million ar<span class=\"_ _0\"></span>e mortgaged as security f<span class=\"_ _0\"></span>or borro<span class=\"_ _4\"></span>wings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings (see Note 26). B. Reconciliation of carrying amount of Right-of-use as<span class=\"_ _0\"></span>sets  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _1df\"> </span>3,469 <span class=\"_ _c7\"> </span>5,598  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1e0\"> </span>29 <span class=\"_ _1bb\"> </span>6  Additions <span class=\"_ _1e1\"> </span>1,597 <span class=\"_ _189\"> </span>909  T<span class=\"_ _1\"></span>erminations <span class=\"_ _1e2\"> </span>(194) <span class=\"_ _163\"> </span>(176)  Modifications <span class=\"_ _136\"> </span>29 <span class=\"_ _be\"> </span>-  Depreciation <span class=\"_ _1e3\"> </span>(1,221) <span class=\"_ _124\"> </span>(1,490)  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _17e\"> </span>54 <span class=\"_ _ad\"> </span>(1,377)  Balance on 31 December <span class=\"_ _1e4\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _cb\"> </span>3,469 C. Amounts recognised in the C<span class=\"_ _0\"></span>onsolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Loss The Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss sho<span class=\"_ _0\"></span>ws the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing amounts rela<span class=\"_ _0\"></span>ting to leases:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Depreciation charge of right-of-use as<span class=\"_ _0\"></span>sets <span class=\"_ _1e5\"> </span> <span class=\"_ _137\"> </span>  Buildings <span class=\"_ _d5\"> </span>76 <span class=\"_ _11a\"> </span>68  Machinery <span class=\"_ _d6\"> </span>51 <span class=\"_ _114\"> </span>252  T<span class=\"_ _4\"></span>ransportation means <span class=\"_ _159\"> </span>1,029 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>107  Other equipment <span class=\"_ _1e6\"> </span>64 <span class=\"_ _11a\"> </span>63  T<span class=\"_ _1\"></span>otal <span class=\"_ _1e7\"> </span>1,221 <span class=\"_ _c7\"> </span>1,490  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense (included in finance cos<span class=\"_ _0\"></span>t) <span class=\"_ _1e8\"> </span>226 <span class=\"_ _10e\"> </span>20<span class=\"_ _0\"></span>7  V<span class=\"_ _4\"></span>ariable rental fees <span class=\"_ _1e9\"> </span>27<span class=\"_ _1\"></span>4 <span class=\"_ _1b8\"> </span>123  Low v<span class=\"_ _4\"></span>alue rental fees <span class=\"_ _17e\"> </span>275 <span class=\"_ _1c9\"> </span>190  Short term r<span class=\"_ _0\"></span>ental fees <span class=\"_ _1ea\"> </span>2,865 <span class=\"_ _111\"> </span>1,680 A. Reconciliation of carrying amount  <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Cost  Balance on 1 January 2021 <span class=\"_ _1ec\"> </span>1,57<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span>30,<span class=\"_ _4\"></span>189 <span class=\"_ _165\"> </span>16,512 <span class=\"_ _a1\"> </span>303 <span class=\"_ _99\"> </span><span class=\"ff1a\">48,578</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1be\"> </span>(83) <span class=\"_ _d3\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(83) </span> Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _1ef\"> </span>1,446 <span class=\"_ _18d\"> </span>1,962 <span class=\"_ _d3\"> </span>-  <span class=\"_ _64\"> </span><span class=\"ff1a\">3,408</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _18c\"> </span>(1,200) <span class=\"_ _88\"> </span>1,610 <span class=\"_ _fb\"> </span>1,69<span class=\"_ _4\"></span>7 <span class=\"_ _d3\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">2,10<span class=\"_ _0\"></span>7<span class=\"ff19\"> </span></span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _123\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _21\"> </span>33,245 <span class=\"_ _9a\"> </span>20,087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>54,010  Balance on 1 January 2022 <span class=\"_ _1d7\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _165\"> </span>33,245 <span class=\"_ _6f\"> </span>20,<span class=\"_ _0\"></span>087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _80\"> </span><span class=\"ff1a\">54,<span class=\"_ _0\"></span>010<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>- <span class=\"_ _1cc\"> </span>2 <span class=\"_ _d3\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">2</span>  Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _3e\"> </span>1,4<span class=\"_ _4\"></span>79 <span class=\"_ _194\"> </span>1,597 <span class=\"_ _1f2\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">3,0<span class=\"_ _0\"></span>77<span class=\"ff19\"> </span></span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1f3\"> </span>- <span class=\"_ _1f4\"> </span>386 <span class=\"_ _1c4\"> </span>1,36<span class=\"_ _0\"></span>1 <span class=\"_ _1f2\"> </span>- <span class=\"_ _24\"> </span><span class=\"ff1a lsf7 ws6c\">1<span class=\"_ _d\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _d\"></span>7<span class=\"_ _8\"></span></span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1f5\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1c4\"> </span>35,<span class=\"_ _0\"></span>111 <span class=\"_ _43\"> </span>23,048 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>58,836 <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Ac<span class=\"_ _0\"></span>cumulated amortisation and   impairment losses<span class=\"ff19\"> <span class=\"_ _1f6\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span>  </span> Balance on 1 January 2021 <span class=\"_ _1f7\"> </span>(902) <span class=\"_ _7a\"> </span>(7<span class=\"_ _4\"></span>,616) <span class=\"_ _42\"> </span>(10,514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(22<span class=\"_ _0\"></span>4) <span class=\"_ _8b\"> </span><span class=\"ff1a\">(19,256) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1f1\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1c0\"> </span><span class=\"ff1a\">55</span>  Amortisation <span class=\"_ _1d3\"> </span>(80) <span class=\"_ _197\"> </span>(1,962) <span class=\"_ _1f8\"> </span>(1,7<span class=\"_ _0\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _99\"> </span><span class=\"ff1a\">(3,821) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1d5\"> </span>608 <span class=\"_ _c3\"> </span>-  <span class=\"_ _90\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1a8\"> </span><span class=\"ff1a lse5 ws6b\">267</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _14f\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _a1\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _34\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _81\"> </span>(22,755)  Balance on 1 January 2022 <span class=\"_ _e3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _28\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _83\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _1c0\"> </span>(237) <span class=\"_ _81\"> </span><span class=\"ff1a\">(22,7<span class=\"_ _0\"></span>55) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _122\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _1bd\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _1f9\"> </span> - <span class=\"_ _90\"> </span><span class=\"ff1a\">-</span>  Amortisation <span class=\"_ _1c7\"> </span>-  <span class=\"_ _a1\"> </span>(2,217) <span class=\"_ _6f\"> </span>(1,894)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _80\"> </span><span class=\"ff1a\">(4,<span class=\"_ _4\"></span>123) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1b3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _1f8\"> </span>(11,795) <span class=\"_ _1fa\"> </span>(14,461)<span class=\"fc6 sc0\"> </span><span class=\"_ _44\"> </span>(250) <span class=\"_ _5f\"> </span>(26,879)  Carrying amounts <span class=\"_ _1fc\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span> <span class=\"_ _19b\"> </span>  On 1 January 2021 <span class=\"_ _1fd\"> </span>67<span class=\"_ _0\"></span>3 <span class=\"_ _90\"> </span>22,57<span class=\"_ _4\"></span>4 <span class=\"_ _90\"> </span>5,997<span class=\"fc6 sc0\"> </span><span class=\"_ _fb\"> </span>79 <span class=\"_ _80\"> </span><span class=\"ff1a\">29,323</span>  On 31 December 2021 <span class=\"_ _1fe\"> </span>-  <span class=\"_ _18f\"> </span>23,667 <span class=\"_ _194\"> </span>7<span class=\"_ _4\"></span>,521<span class=\"fc6 sc0\"> </span><span class=\"_ _18d\"> </span>66 <span class=\"_ _193\"> </span>31,254  On 31 December 2022 <span class=\"_ _1ff\"> </span>-  <span class=\"_ _28\"> </span>23,316 <span class=\"_ _7a\"> </span>8,588<span class=\"fc6 sc0\"> </span><span class=\"_ _194\"> </span>53 <span class=\"_ _e9\"> </span>31,957 B. Amortisation The amortization of tr<span class=\"_ _4\"></span>ademarks &amp; licenses with finite useful lives, soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams and other intangible assets is allocated t<span class=\"_ _0\"></span>o the cost of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory and is included in \u201c<span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t of sales\u201d as inv<span class=\"_ _4\"></span>entory is sold, as trademarks &amp; licenses and softwar<span class=\"_ _4\"></span>e programs ar<span class=\"_ _0\"></span>e mainly used dir<span class=\"_ _0\"></span>ectly to pr<span class=\"_ _0\"></span>oduce pr<span class=\"_ _4\"></span>oducts, and they are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as production o<span class=\"_ _4\"></span>verheads. The amortization of intangible as<span class=\"_ _0\"></span>sets not used for pr<span class=\"_ _0\"></span>oduction is allocated t<span class=\"_ _0\"></span>o administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpenses. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-167-6": {
   "value": "Cener<span class=\"_ _0\"></span>gy Holdings significantly inv<span class=\"_ _4\"></span>ests in resear<span class=\"_ _0\"></span>ch and dev<span class=\"_ _4\"></span>elopment in order to continuously bring v<span class=\"_ _4\"></span>alue-added<span class=\"_ _8\"></span> products and servic<span class=\"_ _0\"></span>es to the mark<span class=\"_ _0\"></span>et and impr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e production pr<span class=\"_ _4\"></span>ocesses, as well as t<span class=\"_ _0\"></span>o promot<span class=\"_ _0\"></span>e mat<span class=\"_ _0\"></span>erials rec<span class=\"_ _0\"></span>ycling and the proper use of natur<span class=\"_ _4\"></span>al resourc<span class=\"_ _0\"></span>es. The aggr<span class=\"_ _4\"></span>egate amount of resear<span class=\"_ _0\"></span>ch and de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopment expenditur<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>ognised as an e<span class=\"_ _0\"></span>xpense for 2022 amounts t<span class=\"_ _0\"></span>o EUR 5.5 million (2021: EUR 4.<span class=\"_ _0\"></span>0 million). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-3": {
   "value": "9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-4": {
   "value": "9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-5": {
   "value": "9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-6": {
   "value": "9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-7": {
   "value": "9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-168-8": {
   "value": "9. Net finance c<span class=\"_ _4\"></span>osts<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpenses and r<span class=\"_ _0\"></span>elated c<span class=\"_ _0\"></span>osts w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e higher by 36% c<span class=\"_ _0\"></span>ompar<span class=\"_ _0\"></span>ed to 2021 as a r<span class=\"_ _4\"></span>esult of the increased working capital needs, which dro<span class=\"_ _4\"></span>ve av<span class=\"_ _4\"></span>erage debt lev<span class=\"_ _4\"></span>els higher versus last y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, and higher interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es due the increase in EURIBOR rat<span class=\"_ _0\"></span>es, especially during the second half of the y<span class=\"_ _4\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span>  In consider<span class=\"_ _0\"></span>ation of inter<span class=\"_ _4\"></span>est rate pr<span class=\"_ _4\"></span>essures mounting as monetary policies ar<span class=\"_ _0\"></span>ound the globe are tight<span class=\"_ _0\"></span>ening, both segments hav<span class=\"_ _4\"></span>e taken measures in the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es mark<span class=\"_ _0\"></span>ets to hedge their financ<span class=\"_ _0\"></span>e costs. T<span class=\"_ _4\"></span>he results and the valuation of these inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>aps are r<span class=\"_ _4\"></span>ecorded within the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-169-9": {
   "value": " <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-169-10": {
   "value": " <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Finance income <span class=\"_ _136\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est income <span class=\"_ _138\"> </span>21 <span class=\"_ _c6\"> </span>21  Dividends <span class=\"_ _139\"> </span>4<span class=\"_ _0\"></span>7 <span class=\"_ _11a\"> </span>36  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange gains <span class=\"_ _8e\"> </span>363 <span class=\"_ _d0\"> </span>207  <span class=\"_ _13a\"> </span>431 264  Finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _d4\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense and relat<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>ts <span class=\"_ _129\"> </span>(38,332) <span class=\"_ _13b\"> </span>(28,<span class=\"_ _0\"></span>106)  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange los<span class=\"_ _0\"></span>ses <span class=\"_ _13d\"> </span>(1,928) <span class=\"_ _ec\"> </span>(1,<span class=\"_ _0\"></span>143)  <span class=\"_ _cf\"> </span>(36,893) (29,24<span class=\"_ _0\"></span>9)  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _13e\"> </span>(36,462) <span class=\"_ _13f\"> </span>(28,985)  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _206\"> </span>36,431 <span class=\"_ _1d4\"> </span>34,539  Share in pr<span class=\"_ _0\"></span>ofit after tax<span class=\"_ _4\"></span>es <span class=\"_ _207\"> </span>6,059 <span class=\"_ _c9\"> </span>1,855  Share in other c<span class=\"_ _0\"></span>omprehensiv<span class=\"_ _4\"></span>e income <span class=\"_ _129\"> </span>(133) <span class=\"_ _11c\"> </span>(94)  Disposals <span class=\"_ _17d\"> </span>(2,3<span class=\"_ _0\"></span>58) <span class=\"_ _be\"> </span>-  Dividends rec<span class=\"_ _0\"></span>eived <span class=\"_ _208\"> </span>(282) <span class=\"_ _204\"> </span>(656)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _72\"> </span>1,2<span class=\"_ _0\"></span>41 <span class=\"_ _10e\"> </span>7<span class=\"_ _0\"></span>86  Balance on 31 December <span class=\"_ _b0\"> </span>40,959 <span class=\"_ _b5\"> </span>36,431  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 1 January (100%) <span class=\"_ _203\"> </span>22,891 <span class=\"_ _b1\"> </span>20<span class=\"_ _0\"></span>,336  T<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _4\"></span>e income of AO TMK<span class=\"_ _4\"></span>-CPW (100%) <span class=\"_ _56\"> </span>7<span class=\"_ _1\"></span>,287 <span class=\"_ _16c\"> </span>1,910  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es (100%) <span class=\"_ _129\"> </span>2,399 <span class=\"_ _111\"> </span>1,493  Dividends (100%) <span class=\"_ _211\"> </span>- <span class=\"_ _204\"> </span>(849)  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (100%) <span class=\"_ _212\"> </span>32,577 <span class=\"_ _b5\"> </span>22,891  Carrying amount of interes<span class=\"_ _0\"></span>t in A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (49%) <span class=\"_ _115\"> </span>11,216 <span class=\"_ _204\"> </span>11,216  Carrying amount of inter<span class=\"_ _0\"></span>est in International T<span class=\"_ _1\"></span>rade <span class=\"_ _213\"> </span>22,726 <span class=\"_ _12f\"> </span>21,481  Carrying amount of inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company <span class=\"_ _1c1\"> </span>- <span class=\"_ _bc\"> </span>1,7<span class=\"_ _0\"></span>32  Carrying amount of inter<span class=\"_ _0\"></span>est in other individually immaterial as<span class=\"_ _0\"></span>sociates <span class=\"_ _103\"> </span>2,270 <span class=\"_ _cb\"> </span>2,002  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>40,959 <span class=\"_ _ad\"> </span>36,431 Since A<span class=\"_ _4\"></span>O TMK-CP<span class=\"_ _0\"></span>W is based on Russia, ther<span class=\"_ _0\"></span>e are r<span class=\"_ _4\"></span>estrictions on the ability of the associate t<span class=\"_ _0\"></span>o transf<span class=\"_ _0\"></span>er funds to the Company and its subsidiaries in the f<span class=\"_ _0\"></span>orm of cash dividends, due to the c<span class=\"_ _0\"></span>ounter sanctions set b<span class=\"_ _0\"></span>y the Russian F<span class=\"_ _0\"></span>eder<span class=\"_ _0\"></span>ation.<span class=\"_ _8\"></span> Russian legislation put in place sinc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>y 2022 r<span class=\"_ _0\"></span>estrict the pa<span class=\"_ _0\"></span>yments of amounts in ex<span class=\"_ _4\"></span>cess of ca. \u20ac150,<span class=\"_ _0\"></span>000 to EU residents as a r<span class=\"_ _4\"></span>esponse to the EU imposed sanctions against Russia.  Although these res<span class=\"_ _0\"></span>trictions ar<span class=\"_ _0\"></span>e stated t<span class=\"_ _0\"></span>o be tempor<span class=\"_ _0\"></span>ary<span class=\"_ _1\"></span>, to av<span class=\"_ _0\"></span>oid any pot<span class=\"_ _0\"></span>ential loss of income<span class=\"_ _0\"></span>, Humbel Lt<span class=\"_ _0\"></span>d (the o<span class=\"_ _0\"></span>wner of 49% of the shar<span class=\"_ _0\"></span>es in the A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW)<span class=\"_ _8\"></span> has asked A<span class=\"_ _4\"></span>O TMK<span class=\"_ _0\"></span>-CPW to pos<span class=\"_ _0\"></span>tpone the payment of an<span class=\"_ _0\"></span>y dividends, until further notice. T<span class=\"_ _4\"></span>herefor<span class=\"_ _0\"></span>e, during 2022, there w<span class=\"_ _4\"></span>ere no transactions betw<span class=\"_ _4\"></span>een AO TMK<span class=\"_ _4\"></span>-CPW and the Group. On March 8th, 20<span class=\"_ _0\"></span>23, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Board of dir<span class=\"_ _4\"></span>ectors decided to propose t<span class=\"_ _0\"></span>o the Or<span class=\"_ _0\"></span>dinary General Shareholders\u2019 meeting t<span class=\"_ _0\"></span>o be held on 30.<span class=\"_ _0\"></span>05.2023, the appr<span class=\"_ _4\"></span>oval of a gr<span class=\"_ _4\"></span>oss dividend of EUR 0.05 per shar<span class=\"_ _0\"></span>e.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-171-2": {
   "value": "10. Earnings per shar<span class=\"_ _0\"></span>e Considering that ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e neither share options, nor c<span class=\"_ _0\"></span>onv<span class=\"_ _4\"></span>ertible bonds, basic and diluted earnings per share ar<span class=\"_ _0\"></span>e identical and hav<span class=\"_ _4\"></span>e been based on the following pr<span class=\"_ _0\"></span>ofit attributable to or<span class=\"_ _4\"></span>dinary shareholders and weight<span class=\"_ _0\"></span>ed-av<span class=\"_ _4\"></span>erage numbers of ordinary shar<span class=\"_ _4\"></span>es outstanding.<span class=\"_ _8\"></span> A. Profit attributable t<span class=\"_ _0\"></span>o the owners of the C<span class=\"_ _0\"></span>ompany  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit at<span class=\"_ _0\"></span>tributable to the o<span class=\"_ _0\"></span>wners of the Company <span class=\"_ _140\"> </span>60,4<span class=\"_ _0\"></span>17 <span class=\"_ _ad\"> </span>22,0<span class=\"_ _4\"></span>77 B. W<span class=\"_ _4\"></span>eighted-av<span class=\"_ _4\"></span>erage number of ordinary shares outstanding The number of or<span class=\"_ _0\"></span>dinary shar<span class=\"_ _0\"></span>es in issue for 20<span class=\"_ _0\"></span>22 and 2021 w<span class=\"_ _0\"></span>as 190,<span class=\"_ _4\"></span>162,681 shares. No shar<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>ere is<span class=\"_ _0\"></span>sued during 2022. C. Earnings per share The basic and dilut<span class=\"_ _0\"></span>ed earnings per share ar<span class=\"_ _4\"></span>e as follows:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span> In EUR per share <span class=\"_ _141\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Basic and diluted <span class=\"_ _142\"> </span>0.31771 <span class=\"_ _b1\"> </span>0.<span class=\"_ _4\"></span>11610 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-172-2": {
   "value": "11. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Net defined benefit liability  <span class=\"_ _144\"> </span> <span class=\"_ _ce\"> </span>2,891 <span class=\"_ _d0\"> </span>2,922  Liability for social security c<span class=\"_ _0\"></span>ontributions <span class=\"_ _145\"> </span>27 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _d0\"> </span>2,366  T<span class=\"_ _1\"></span>otal employee benefit liabilities <span class=\"_ _146\"> </span> <span class=\"_ _c9\"> </span>6,382 <span class=\"_ _147\"> </span>5,288  Non-current <span class=\"_ _148\"> </span> <span class=\"_ _149\"> </span>2,8<span class=\"_ _0\"></span>91 <span class=\"_ _114\"> </span>2,922  Current <span class=\"_ _14a\"> </span> <span class=\"_ _107\"> </span>3,491 <span class=\"_ _10e\"> </span>2,366<span class=\"ff19\"> </span>For details on the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed emplo<span class=\"_ _0\"></span>yee benefit e<span class=\"_ _4\"></span>xpenses, see Note 12.<span class=\"_ _8\"></span> A. Post-emplo<span class=\"_ _0\"></span>yment plans The f<span class=\"_ _0\"></span>ollowing pos<span class=\"_ _0\"></span>t-emplo<span class=\"_ _0\"></span>yment plans exis<span class=\"_ _0\"></span>t: Defined contribution plan All the employ<span class=\"_ _4\"></span>ees of the Company\u2019<span class=\"_ _0\"></span>s subsidiaries are insur<span class=\"_ _4\"></span>ed for their main pension by the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e social insuranc<span class=\"_ _0\"></span>e or<span class=\"_ _0\"></span>ganizations as requir<span class=\"_ _4\"></span>ed by the local legislation. Once the c<span class=\"_ _0\"></span>ontributions hav<span class=\"_ _4\"></span>e been paid, the Company\u2019s subsidiaries hav<span class=\"_ _4\"></span>e no further payment obligations. The r<span class=\"_ _0\"></span>egular contributions c<span class=\"_ _0\"></span>onstitute net periodic c<span class=\"_ _0\"></span>osts f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e due, and as such are included in emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit expenses. Defined benefit plan The emplo<span class=\"_ _4\"></span>yees of the Company\u2019<span class=\"_ _4\"></span>s subsidiaries in Greece and Bulgaria, ar<span class=\"_ _0\"></span>e entitled to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e a lump sum when they retir<span class=\"_ _4\"></span>e. This lump sum is determined in acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>dance with the y<span class=\"_ _4\"></span>ears of service and the salary at the retir<span class=\"_ _0\"></span>ement date<span class=\"_ _0\"></span>. This obligation meets the definition of defined benefit plans and char<span class=\"_ _4\"></span>ges the accumulated benefits through pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss in each period with a corr<span class=\"_ _4\"></span>esponding increase of the retir<span class=\"_ _0\"></span>ement liability<span class=\"_ _1\"></span>. Benefits paid to pensioners during each period are char<span class=\"_ _4\"></span>ged against this liability<span class=\"_ _4\"></span>. These plans ar<span class=\"_ _0\"></span>e unfunded.  B. Mov<span class=\"_ _4\"></span>ement in net defined benefit liability<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation fr<span class=\"_ _4\"></span>om the opening balance to the closing balance f<span class=\"_ _0\"></span>or net defined benefit liability and its components.  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _14b\"> </span>2,922 <span class=\"_ _c7\"> </span>2,558  Amounts included in profit or loss Current servic<span class=\"_ _0\"></span>e cost <span class=\"_ _14d\"> </span>435 <span class=\"_ _103\"> </span>34<span class=\"_ _0\"></span>1  Past service c<span class=\"_ _0\"></span>ost <span class=\"_ _14e\"> </span>59 <span class=\"_ _14f\"> </span>52  Settlement/<span class=\"_ _4\"></span>curtailment/termination los<span class=\"_ _0\"></span>s <span class=\"_ _150\"> </span>443 <span class=\"_ _c9\"> </span>1,730  Inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t <span class=\"_ _d4\"> </span>6 <span class=\"_ _151\"> </span>7  <span class=\"_ _152\"> </span>942 2,<span class=\"_ _0\"></span>130  Included in OCI <span class=\"_ _153\"> </span>   Remeasurement los<span class=\"_ _0\"></span>s/(gain) <span class=\"_ _154\"> </span> <span class=\"_ _137\"> </span>  Actuarial loss/(<span class=\"_ _0\"></span>gain) arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _155\"> </span> <span class=\"_ _137\"> </span>  - Demographic assumptions <span class=\"_ _156\"> </span>- <span class=\"_ _105\"> </span>18  - Financial assumptions <span class=\"_ _157\"> </span>(550) <span class=\"_ _10e\"> </span>238  - Experience adjustments <span class=\"_ _158\"> </span>126 <span class=\"_ _14f\"> </span>23  <span class=\"_ _159\"> </span>(423) 279  Other mov<span class=\"_ _4\"></span>ements <span class=\"_ _15a\"> </span> <span class=\"_ _137\"> </span>  Benefits paid <span class=\"_ _15b\"> </span>(550) <span class=\"_ _12e\"> </span>(2,045)  Balance on 31 December <span class=\"_ _15c\"> </span>2,891 <span class=\"_ _c7\"> </span>2,9<span class=\"_ _0\"></span>22 During the financial year 20<span class=\"_ _0\"></span>22, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies pr<span class=\"_ _4\"></span>ovided EUR 550 thousand in benefit payments t<span class=\"_ _0\"></span>o employ<span class=\"_ _4\"></span>ees who left the Group during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. An additional cost that ar<span class=\"_ _4\"></span>ose due to these payments (Settlement/Curtailment/T<span class=\"_ _1\"></span>ermination loss of EUR 443 thousand) w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecognized. Mor<span class=\"_ _4\"></span>e specifically<span class=\"_ _4\"></span>, in the cases of dismissal,<span class=\"_ _8\"></span> voluntary withdr<span class=\"_ _4\"></span>awals with benefit pa<span class=\"_ _0\"></span>yment and retir<span class=\"_ _4\"></span>ement, the additional cost is the differ<span class=\"_ _0\"></span>ence betw<span class=\"_ _4\"></span>een the<span class=\"_ _8\"></span> benefit paid and the amount rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the defined benefit liability for the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees.  The incr<span class=\"_ _0\"></span>eased benefits paid and Settlement/<span class=\"_ _1\"></span>curtailment/termination los<span class=\"_ _0\"></span>s during the prior year ar<span class=\"_ _4\"></span>e attributed to the cost optimization initia<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es in steel pipes segment c<span class=\"_ _0\"></span>oncluded during the first quart<span class=\"_ _0\"></span>er of prior year<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  C. Defined benefit obligation a) Actuarial assump<span class=\"_ _0\"></span>tions The f<span class=\"_ _0\"></span>ollowing w<span class=\"_ _4\"></span>ere the weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage principal actuarial assumptions at the r<span class=\"_ _0\"></span>eporting date:  <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15d\"> </span>3.66% <span class=\"_ _c7\"> </span>0.21%  Inflation <span class=\"_ _70\"> </span>2.80% <span class=\"_ _e8\"> </span>2.<span class=\"_ _0\"></span>10%  Future salary gr<span class=\"_ _4\"></span>owth <span class=\"_ _15e\"> </span>3.05% <span class=\"_ _122\"> </span>2.95%  Plan duration (<span class=\"_ _4\"></span>expressed in y<span class=\"_ _4\"></span>ears) <span class=\"_ _15f\"> </span>5.41 <span class=\"_ _11c\"> </span>6.26 Assumptions r<span class=\"_ _0\"></span>egarding futur<span class=\"_ _4\"></span>e mortality have been based on published s<span class=\"_ _0\"></span>tatistics and mortality tables. b) Expect<span class=\"_ _0\"></span>ed maturity analy<span class=\"_ _0\"></span>sis The analy<span class=\"_ _0\"></span>sis of Gr<span class=\"_ _0\"></span>oup\u2019s e<span class=\"_ _4\"></span>xpected undiscounted benefits cash flo<span class=\"_ _0\"></span>ws in the futur<span class=\"_ _4\"></span>e years out of the defined benefit plan liability is as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Up to 1 y<span class=\"_ _0\"></span>ear <span class=\"_ _160\"> </span>509 <span class=\"_ _147\"> </span>360  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _161\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _103\"> </span>155  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _162\"> </span>752 <span class=\"_ _d0\"> </span>626  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>2,<span class=\"_ _4\"></span>130 <span class=\"_ _163\"> </span>1,823  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>3,566 <span class=\"_ _12f\"> </span>2,964 c) Sensitivity analy<span class=\"_ _0\"></span>sis The sensitivity analy<span class=\"_ _0\"></span>sis for each significant actuarial as<span class=\"_ _0\"></span>sumption, which was r<span class=\"_ _4\"></span>easonably possible, at the end of the reporting period and sho<span class=\"_ _4\"></span>ws how the defined benefit obligation w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e been affected by the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing changes:  Amounts in EUR thousand <span class=\"_ _164\"> </span>Increase <span class=\"_ _165\"> </span>Decrease<span class=\"_ _8\"></span>  Discount r<span class=\"_ _0\"></span>ate (0<span class=\"_ _0\"></span>.5% mo<span class=\"_ _0\"></span>vement) <span class=\"_ _13d\"> </span>(77) <span class=\"_ _124\"> </span>77  Future salary gr<span class=\"_ _4\"></span>owth (0.5% mo<span class=\"_ _0\"></span>vement) <span class=\"_ _166\"> </span>75 <span class=\"_ _12b\"> </span>(80) If zer<span class=\"_ _0\"></span>o withdr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e used when determining the defined benefit liability on 31 Dec<span class=\"_ _0\"></span>ember 2022, the liability would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _0\"></span>2 thousand. The abo<span class=\"_ _4\"></span>ve sensitivity analysis is based on a change in one as<span class=\"_ _0\"></span>sumption while all other assumptions r<span class=\"_ _0\"></span>emain cons<span class=\"_ _0\"></span>tant. In practic<span class=\"_ _0\"></span>e, this is unlik<span class=\"_ _0\"></span>ely to oc<span class=\"_ _0\"></span>cur as changes in some of the assumptions ma<span class=\"_ _0\"></span>y be corr<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed. When calculating the sensitivity of the defined benefit obligation to significant actuarial as<span class=\"_ _0\"></span>sumptions the same method (present value of the defined benefit obligation calcula<span class=\"_ _0\"></span>ted with the pr<span class=\"_ _0\"></span>ojected unit cr<span class=\"_ _4\"></span>edit method at the end of the reporting period) has been applied as when calculating the emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit liability rec<span class=\"_ _0\"></span>ognized on the s<span class=\"_ _0\"></span>tatement of financial position. The methods and the f<span class=\"_ _0\"></span>ormula of the assumptions used for the defined analy<span class=\"_ _0\"></span>sis ha<span class=\"_ _0\"></span>ve not changed compar<span class=\"_ _0\"></span>ed to the pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. 12. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit e<span class=\"_ _0\"></span>xpenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Employ<span class=\"_ _4\"></span>ee remuneration &amp; e<span class=\"_ _0\"></span>xpenses <span class=\"_ _110\"> </span>71,326 <span class=\"_ _af\"> </span>58,<span class=\"_ _0\"></span>095  Social security expenses <span class=\"_ _167\"> </span>12,57<span class=\"_ _0\"></span>8 <span class=\"_ _c7\"> </span>9,96<span class=\"_ _0\"></span>7  Defined benefit plan <span class=\"_ _168\"> </span>942 <span class=\"_ _c9\"> </span>2,130  Other <span class=\"_ _169\"> </span>7<span class=\"_ _4\"></span>,527 <span class=\"_ _c7\"> </span>5,538  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 Employ<span class=\"_ _4\"></span>ee benefits were alloca<span class=\"_ _0\"></span>ted as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cost of goods sold <span class=\"_ _16a\"> </span>70<span class=\"_ _0\"></span>,803 <span class=\"_ _a6\"> </span>55,017  Distribution e<span class=\"_ _0\"></span>xpenses <span class=\"_ _16b\"> </span>9,584 <span class=\"_ _16c\"> </span>9,0<span class=\"_ _0\"></span>11  Administr<span class=\"_ _4\"></span>ative expenses <span class=\"_ _16d\"> </span>9,94<span class=\"_ _0\"></span>7 <span class=\"_ _c9\"> </span>9<span class=\"_ _0\"></span>,619  Capitalised in assets under construction <span class=\"_ _16e\"> </span>2,039 <span class=\"_ _10b\"> </span>2,083  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 The number of emplo<span class=\"_ _4\"></span>yees, as well as their pr<span class=\"_ _4\"></span>ofile and gender<span class=\"_ _0\"></span>, emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _4\"></span>oup is presented in the follo<span class=\"_ _4\"></span>wing<span class=\"_ _8\"></span> tables:   <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _16f\"> </span>2,691 <span class=\"_ _e8\"> </span>2,285  <span class=\"_ _170\"> </span>18 - 30 <span class=\"_ _13f\"> </span>30-50 <span class=\"_ _ec\"> </span>51+ <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Male <span class=\"_ _95\"> </span>334 <span class=\"_ _aa\"> </span>1,436 <span class=\"_ _ad\"> </span>588 <span class=\"_ _c7\"> </span><span class=\"ff1a\">2,358</span>  Female <span class=\"_ _171\"> </span>61 <span class=\"_ _a6\"> </span>202 <span class=\"_ _c7\"> </span>70 <span class=\"_ _10e\"> </span><span class=\"ff1a\">333</span>  T<span class=\"_ _1\"></span>otal <span class=\"_ _144\"> </span>395 <span class=\"_ _c0\"> </span>1,638 <span class=\"_ _b1\"> </span>658 <span class=\"_ _111\"> </span>2,6<span class=\"_ _0\"></span>91  <span class=\"_ _172\"> </span>Office <span class=\"_ _8\"></span>employ<span class=\"_ _0\"></span>ees<span class=\"_ _d\"></span>   <span class=\"_ _173\"> </span>&amp; profes<span class=\"_ _0\"></span>sionals <span class=\"_ _174\"> </span>W<span class=\"_ _4\"></span>orkers <span class=\"_ _42\"> </span>Management <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _123\"> </span>548 <span class=\"_ _12e\"> </span>1,97<span class=\"_ _0\"></span>3 <span class=\"_ _ec\"> </span>17<span class=\"_ _0\"></span>0 <span class=\"_ _111\"> </span><span class=\"ff1a\">2,6<span class=\"_ _0\"></span>91<span class=\"ff19 fse\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-172-3": {
   "value": "11. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefits  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Net defined benefit liability  <span class=\"_ _144\"> </span> <span class=\"_ _ce\"> </span>2,891 <span class=\"_ _d0\"> </span>2,922  Liability for social security c<span class=\"_ _0\"></span>ontributions <span class=\"_ _145\"> </span>27 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _d0\"> </span>2,366  T<span class=\"_ _1\"></span>otal employee benefit liabilities <span class=\"_ _146\"> </span> <span class=\"_ _c9\"> </span>6,382 <span class=\"_ _147\"> </span>5,288  Non-current <span class=\"_ _148\"> </span> <span class=\"_ _149\"> </span>2,8<span class=\"_ _0\"></span>91 <span class=\"_ _114\"> </span>2,922  Current <span class=\"_ _14a\"> </span> <span class=\"_ _107\"> </span>3,491 <span class=\"_ _10e\"> </span>2,366<span class=\"ff19\"> </span>For details on the r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed emplo<span class=\"_ _0\"></span>yee benefit e<span class=\"_ _4\"></span>xpenses, see Note 12.<span class=\"_ _8\"></span> A. Post-emplo<span class=\"_ _0\"></span>yment plans The f<span class=\"_ _0\"></span>ollowing pos<span class=\"_ _0\"></span>t-emplo<span class=\"_ _0\"></span>yment plans exis<span class=\"_ _0\"></span>t: Defined contribution plan All the employ<span class=\"_ _4\"></span>ees of the Company\u2019<span class=\"_ _0\"></span>s subsidiaries are insur<span class=\"_ _4\"></span>ed for their main pension by the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e social insuranc<span class=\"_ _0\"></span>e or<span class=\"_ _0\"></span>ganizations as requir<span class=\"_ _4\"></span>ed by the local legislation. Once the c<span class=\"_ _0\"></span>ontributions hav<span class=\"_ _4\"></span>e been paid, the Company\u2019s subsidiaries hav<span class=\"_ _4\"></span>e no further payment obligations. The r<span class=\"_ _0\"></span>egular contributions c<span class=\"_ _0\"></span>onstitute net periodic c<span class=\"_ _0\"></span>osts f<span class=\"_ _0\"></span>or the y<span class=\"_ _0\"></span>ear in which they ar<span class=\"_ _4\"></span>e due, and as such are included in emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit expenses. Defined benefit plan The emplo<span class=\"_ _4\"></span>yees of the Company\u2019<span class=\"_ _4\"></span>s subsidiaries in Greece and Bulgaria, ar<span class=\"_ _0\"></span>e entitled to r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>e a lump sum when they retir<span class=\"_ _4\"></span>e. This lump sum is determined in acc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>dance with the y<span class=\"_ _4\"></span>ears of service and the salary at the retir<span class=\"_ _0\"></span>ement date<span class=\"_ _0\"></span>. This obligation meets the definition of defined benefit plans and char<span class=\"_ _4\"></span>ges the accumulated benefits through pr<span class=\"_ _4\"></span>ofit or<span class=\"_ _8\"></span> loss in each period with a corr<span class=\"_ _4\"></span>esponding increase of the retir<span class=\"_ _0\"></span>ement liability<span class=\"_ _1\"></span>. Benefits paid to pensioners during each period are char<span class=\"_ _4\"></span>ged against this liability<span class=\"_ _4\"></span>. These plans ar<span class=\"_ _0\"></span>e unfunded.  B. Mov<span class=\"_ _4\"></span>ement in net defined benefit liability<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation fr<span class=\"_ _4\"></span>om the opening balance to the closing balance f<span class=\"_ _0\"></span>or net defined benefit liability and its components.  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _14b\"> </span>2,922 <span class=\"_ _c7\"> </span>2,558  Amounts included in profit or loss Current servic<span class=\"_ _0\"></span>e cost <span class=\"_ _14d\"> </span>435 <span class=\"_ _103\"> </span>34<span class=\"_ _0\"></span>1  Past service c<span class=\"_ _0\"></span>ost <span class=\"_ _14e\"> </span>59 <span class=\"_ _14f\"> </span>52  Settlement/<span class=\"_ _4\"></span>curtailment/termination los<span class=\"_ _0\"></span>s <span class=\"_ _150\"> </span>443 <span class=\"_ _c9\"> </span>1,730  Inter<span class=\"_ _0\"></span>est cos<span class=\"_ _0\"></span>t <span class=\"_ _d4\"> </span>6 <span class=\"_ _151\"> </span>7  <span class=\"_ _152\"> </span>942 2,<span class=\"_ _0\"></span>130  Included in OCI <span class=\"_ _153\"> </span>   Remeasurement los<span class=\"_ _0\"></span>s/(gain) <span class=\"_ _154\"> </span> <span class=\"_ _137\"> </span>  Actuarial loss/(<span class=\"_ _0\"></span>gain) arising fr<span class=\"_ _0\"></span>om: <span class=\"_ _155\"> </span> <span class=\"_ _137\"> </span>  - Demographic assumptions <span class=\"_ _156\"> </span>- <span class=\"_ _105\"> </span>18  - Financial assumptions <span class=\"_ _157\"> </span>(550) <span class=\"_ _10e\"> </span>238  - Experience adjustments <span class=\"_ _158\"> </span>126 <span class=\"_ _14f\"> </span>23  <span class=\"_ _159\"> </span>(423) 279  Other mov<span class=\"_ _4\"></span>ements <span class=\"_ _15a\"> </span> <span class=\"_ _137\"> </span>  Benefits paid <span class=\"_ _15b\"> </span>(550) <span class=\"_ _12e\"> </span>(2,045)  Balance on 31 December <span class=\"_ _15c\"> </span>2,891 <span class=\"_ _c7\"> </span>2,9<span class=\"_ _0\"></span>22 During the financial year 20<span class=\"_ _0\"></span>22, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies pr<span class=\"_ _4\"></span>ovided EUR 550 thousand in benefit payments t<span class=\"_ _0\"></span>o employ<span class=\"_ _4\"></span>ees who left the Group during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. An additional cost that ar<span class=\"_ _4\"></span>ose due to these payments (Settlement/Curtailment/T<span class=\"_ _1\"></span>ermination loss of EUR 443 thousand) w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecognized. Mor<span class=\"_ _4\"></span>e specifically<span class=\"_ _4\"></span>, in the cases of dismissal,<span class=\"_ _8\"></span> voluntary withdr<span class=\"_ _4\"></span>awals with benefit pa<span class=\"_ _0\"></span>yment and retir<span class=\"_ _4\"></span>ement, the additional cost is the differ<span class=\"_ _0\"></span>ence betw<span class=\"_ _4\"></span>een the<span class=\"_ _8\"></span> benefit paid and the amount rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the defined benefit liability for the r<span class=\"_ _0\"></span>espectiv<span class=\"_ _0\"></span>e emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ees.  The incr<span class=\"_ _0\"></span>eased benefits paid and Settlement/<span class=\"_ _1\"></span>curtailment/termination los<span class=\"_ _0\"></span>s during the prior year ar<span class=\"_ _4\"></span>e attributed to the cost optimization initia<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es in steel pipes segment c<span class=\"_ _0\"></span>oncluded during the first quart<span class=\"_ _0\"></span>er of prior year<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  C. Defined benefit obligation a) Actuarial assump<span class=\"_ _0\"></span>tions The f<span class=\"_ _0\"></span>ollowing w<span class=\"_ _4\"></span>ere the weight<span class=\"_ _0\"></span>ed av<span class=\"_ _4\"></span>erage principal actuarial assumptions at the r<span class=\"_ _0\"></span>eporting date:  <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Discount r<span class=\"_ _0\"></span>ate <span class=\"_ _15d\"> </span>3.66% <span class=\"_ _c7\"> </span>0.21%  Inflation <span class=\"_ _70\"> </span>2.80% <span class=\"_ _e8\"> </span>2.<span class=\"_ _0\"></span>10%  Future salary gr<span class=\"_ _4\"></span>owth <span class=\"_ _15e\"> </span>3.05% <span class=\"_ _122\"> </span>2.95%  Plan duration (<span class=\"_ _4\"></span>expressed in y<span class=\"_ _4\"></span>ears) <span class=\"_ _15f\"> </span>5.41 <span class=\"_ _11c\"> </span>6.26 Assumptions r<span class=\"_ _0\"></span>egarding futur<span class=\"_ _4\"></span>e mortality have been based on published s<span class=\"_ _0\"></span>tatistics and mortality tables. b) Expect<span class=\"_ _0\"></span>ed maturity analy<span class=\"_ _0\"></span>sis The analy<span class=\"_ _0\"></span>sis of Gr<span class=\"_ _0\"></span>oup\u2019s e<span class=\"_ _4\"></span>xpected undiscounted benefits cash flo<span class=\"_ _0\"></span>ws in the futur<span class=\"_ _4\"></span>e years out of the defined benefit plan liability is as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Up to 1 y<span class=\"_ _0\"></span>ear <span class=\"_ _160\"> </span>509 <span class=\"_ _147\"> </span>360  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _161\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _103\"> </span>155  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _162\"> </span>752 <span class=\"_ _d0\"> </span>626  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>2,<span class=\"_ _4\"></span>130 <span class=\"_ _163\"> </span>1,823  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>3,566 <span class=\"_ _12f\"> </span>2,964 c) Sensitivity analy<span class=\"_ _0\"></span>sis The sensitivity analy<span class=\"_ _0\"></span>sis for each significant actuarial as<span class=\"_ _0\"></span>sumption, which was r<span class=\"_ _4\"></span>easonably possible, at the end of the reporting period and sho<span class=\"_ _4\"></span>ws how the defined benefit obligation w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e been affected by the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing changes:  Amounts in EUR thousand <span class=\"_ _164\"> </span>Increase <span class=\"_ _165\"> </span>Decrease<span class=\"_ _8\"></span>  Discount r<span class=\"_ _0\"></span>ate (0<span class=\"_ _0\"></span>.5% mo<span class=\"_ _0\"></span>vement) <span class=\"_ _13d\"> </span>(77) <span class=\"_ _124\"> </span>77  Future salary gr<span class=\"_ _4\"></span>owth (0.5% mo<span class=\"_ _0\"></span>vement) <span class=\"_ _166\"> </span>75 <span class=\"_ _12b\"> </span>(80) If zer<span class=\"_ _0\"></span>o withdr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e used when determining the defined benefit liability on 31 Dec<span class=\"_ _0\"></span>ember 2022, the liability would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been incr<span class=\"_ _0\"></span>eased by EUR 9<span class=\"_ _0\"></span>2 thousand. The abo<span class=\"_ _4\"></span>ve sensitivity analysis is based on a change in one as<span class=\"_ _0\"></span>sumption while all other assumptions r<span class=\"_ _0\"></span>emain cons<span class=\"_ _0\"></span>tant. In practic<span class=\"_ _0\"></span>e, this is unlik<span class=\"_ _0\"></span>ely to oc<span class=\"_ _0\"></span>cur as changes in some of the assumptions ma<span class=\"_ _0\"></span>y be corr<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed. When calculating the sensitivity of the defined benefit obligation to significant actuarial as<span class=\"_ _0\"></span>sumptions the same method (present value of the defined benefit obligation calcula<span class=\"_ _0\"></span>ted with the pr<span class=\"_ _0\"></span>ojected unit cr<span class=\"_ _4\"></span>edit method at the end of the reporting period) has been applied as when calculating the emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit liability rec<span class=\"_ _0\"></span>ognized on the s<span class=\"_ _0\"></span>tatement of financial position. The methods and the f<span class=\"_ _0\"></span>ormula of the assumptions used for the defined analy<span class=\"_ _0\"></span>sis ha<span class=\"_ _0\"></span>ve not changed compar<span class=\"_ _0\"></span>ed to the pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vious y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. 12. Emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ee benefit e<span class=\"_ _0\"></span>xpenses  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Employ<span class=\"_ _4\"></span>ee remuneration &amp; e<span class=\"_ _0\"></span>xpenses <span class=\"_ _110\"> </span>71,326 <span class=\"_ _af\"> </span>58,<span class=\"_ _0\"></span>095  Social security expenses <span class=\"_ _167\"> </span>12,57<span class=\"_ _0\"></span>8 <span class=\"_ _c7\"> </span>9,96<span class=\"_ _0\"></span>7  Defined benefit plan <span class=\"_ _168\"> </span>942 <span class=\"_ _c9\"> </span>2,130  Other <span class=\"_ _169\"> </span>7<span class=\"_ _4\"></span>,527 <span class=\"_ _c7\"> </span>5,538  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 Employ<span class=\"_ _4\"></span>ee benefits were alloca<span class=\"_ _0\"></span>ted as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cost of goods sold <span class=\"_ _16a\"> </span>70<span class=\"_ _0\"></span>,803 <span class=\"_ _a6\"> </span>55,017  Distribution e<span class=\"_ _0\"></span>xpenses <span class=\"_ _16b\"> </span>9,584 <span class=\"_ _16c\"> </span>9,0<span class=\"_ _0\"></span>11  Administr<span class=\"_ _4\"></span>ative expenses <span class=\"_ _16d\"> </span>9,94<span class=\"_ _0\"></span>7 <span class=\"_ _c9\"> </span>9<span class=\"_ _0\"></span>,619  Capitalised in assets under construction <span class=\"_ _16e\"> </span>2,039 <span class=\"_ _10b\"> </span>2,083  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>92,3<span class=\"_ _0\"></span>73 <span class=\"_ _af\"> </span>75,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>30 The number of emplo<span class=\"_ _4\"></span>yees, as well as their pr<span class=\"_ _4\"></span>ofile and gender<span class=\"_ _0\"></span>, emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _4\"></span>oup is presented in the follo<span class=\"_ _4\"></span>wing<span class=\"_ _8\"></span> tables:   <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _16f\"> </span>2,691 <span class=\"_ _e8\"> </span>2,285  <span class=\"_ _170\"> </span>18 - 30 <span class=\"_ _13f\"> </span>30-50 <span class=\"_ _ec\"> </span>51+ <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Male <span class=\"_ _95\"> </span>334 <span class=\"_ _aa\"> </span>1,436 <span class=\"_ _ad\"> </span>588 <span class=\"_ _c7\"> </span><span class=\"ff1a\">2,358</span>  Female <span class=\"_ _171\"> </span>61 <span class=\"_ _a6\"> </span>202 <span class=\"_ _c7\"> </span>70 <span class=\"_ _10e\"> </span><span class=\"ff1a\">333</span>  T<span class=\"_ _1\"></span>otal <span class=\"_ _144\"> </span>395 <span class=\"_ _c0\"> </span>1,638 <span class=\"_ _b1\"> </span>658 <span class=\"_ _111\"> </span>2,6<span class=\"_ _0\"></span>91  <span class=\"_ _172\"> </span>Office <span class=\"_ _8\"></span>employ<span class=\"_ _0\"></span>ees<span class=\"_ _d\"></span>   <span class=\"_ _173\"> </span>&amp; profes<span class=\"_ _0\"></span>sionals <span class=\"_ _174\"> </span>W<span class=\"_ _4\"></span>orkers <span class=\"_ _42\"> </span>Management <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _123\"> </span>548 <span class=\"_ _12e\"> </span>1,97<span class=\"_ _0\"></span>3 <span class=\"_ _ec\"> </span>17<span class=\"_ _0\"></span>0 <span class=\"_ _111\"> </span><span class=\"ff1a\">2,6<span class=\"_ _0\"></span>91<span class=\"ff19 fse\"> </span></span>29.<span class=\"_\"> </span>Pro<span class=\"_ _0\"></span>visions Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _ce\"> </span>2022 <span class=\"_ _1da\"> </span>2021  Balance on 1 January <span class=\"_ _158\"> </span>13,410 <span class=\"_ _10a\"> </span>-  Charge f<span class=\"_ _0\"></span>or the year <span class=\"_ _7b\"> </span>8.B<span class=\"_ _104\"> </span>665 <span class=\"_ _16c\"> </span>12,842  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _240\"> </span>821 <span class=\"_ _1db\"> </span>568  Balance on 31 December <span class=\"_ _244\"> </span>14,897 <span class=\"_ _16c\"> </span>13,410 During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>ve mentioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) for the year 20<span class=\"_ _0\"></span>21.  \u03a4he charge f<span class=\"_ _0\"></span>or 2022 r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t charged on the outs<span class=\"_ _0\"></span>tanding amount for the y<span class=\"_ _0\"></span>ear and is included in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-179-6": {
   "value": "The number of emplo<span class=\"_ _4\"></span>yees, as well as their pr<span class=\"_ _4\"></span>ofile and gender<span class=\"_ _0\"></span>, emplo<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ed by the Gr<span class=\"_ _4\"></span>oup is presented in the follo<span class=\"_ _4\"></span>wing<span class=\"_ _8\"></span> tables:   <span class=\"_ _ed\"> </span>2022 20<span class=\"_ _0\"></span>21<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _16f\"> </span>2,691 <span class=\"_ _e8\"> </span>2,285  <span class=\"_ _170\"> </span>18 - 30 <span class=\"_ _13f\"> </span>30-50 <span class=\"_ _ec\"> </span>51+ <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Male <span class=\"_ _95\"> </span>334 <span class=\"_ _aa\"> </span>1,436 <span class=\"_ _ad\"> </span>588 <span class=\"_ _c7\"> </span><span class=\"ff1a\">2,358</span>  Female <span class=\"_ _171\"> </span>61 <span class=\"_ _a6\"> </span>202 <span class=\"_ _c7\"> </span>70 <span class=\"_ _10e\"> </span><span class=\"ff1a\">333</span>  T<span class=\"_ _1\"></span>otal <span class=\"_ _144\"> </span>395 <span class=\"_ _c0\"> </span>1,638 <span class=\"_ _b1\"> </span>658 <span class=\"_ _111\"> </span>2,6<span class=\"_ _0\"></span>91  <span class=\"_ _172\"> </span>Office <span class=\"_ _8\"></span>employ<span class=\"_ _0\"></span>ees<span class=\"_ _d\"></span>   <span class=\"_ _173\"> </span>&amp; profes<span class=\"_ _0\"></span>sionals <span class=\"_ _174\"> </span>W<span class=\"_ _4\"></span>orkers <span class=\"_ _42\"> </span>Management <span class=\"_ _163\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Number of employ<span class=\"_ _4\"></span>ees <span class=\"_ _123\"> </span>548 <span class=\"_ _12e\"> </span>1,97<span class=\"_ _0\"></span>3 <span class=\"_ _ec\"> </span>17<span class=\"_ _0\"></span>0 <span class=\"_ _111\"> </span><span class=\"ff1a\">2,6<span class=\"_ _0\"></span>91<span class=\"ff19 fse\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-180-3": {
   "value": "13. Income tax A. Amounts recognised in pr<span class=\"_ _0\"></span>ofit or loss  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Current tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _156\"> </span>(12,820) <span class=\"_ _12e\"> </span>(2,998)  Origination and re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersal of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences <span class=\"_ _175\"> </span>(1,548) <span class=\"_ _176\"> </span>(3,879)  Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790  Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit   or tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _e0\"> </span>4,832 <span class=\"_ _103\"> </span>158  Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505)  Deferred tax e<span class=\"_ _0\"></span>xpense  <span class=\"_ _179\"> </span>3,284 <span class=\"_ _b3\"> </span>(5,436)  Income T<span class=\"_ _1\"></span>ax <span class=\"_ _17a\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) B. Reconciliation of eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e tax ra<span class=\"_ _0\"></span>te  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit befor<span class=\"_ _0\"></span>e tax <span class=\"_ _17b\"> </span>69,95<span class=\"_ _0\"></span>7 <span class=\"_ _b5\"> </span>30,513  T<span class=\"_ _1\"></span>ax calculated at par<span class=\"_ _0\"></span>ent company\u2019<span class=\"_ _4\"></span>s statutory income tax r<span class=\"_ _0\"></span>ate (2022 &amp; 2021: 25.<span class=\"_ _0\"></span>0%) <span class=\"_ _157\"> </span>(17<span class=\"_ _4\"></span>,489) <span class=\"_ _124\"> </span>(7<span class=\"_ _4\"></span>,628) Effect of differ<span class=\"_ _0\"></span>ent tax r<span class=\"_ _0\"></span>ates in jurisdictions that the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates <span class=\"_ _137\"> </span>2,830 <span class=\"_ _d0\"> </span>992 T<span class=\"_ _1\"></span>ax calculated at weight<span class=\"_ _0\"></span>ed av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age income tax r<span class=\"_ _0\"></span>ate (2022: 21.0% &amp; 20<span class=\"_ _0\"></span>21: 21.7%) <span class=\"_ _17c\"> </span>(14,<span class=\"ws91\">659) (6</span>,636) Adjustments f<span class=\"_ _0\"></span>or: <span class=\"_ _17d\"> </span>  <span class=\"_ _123\"> </span>  Non-deductible expenses f<span class=\"_ _0\"></span>or tax purposes <span class=\"_ _12c\"> </span>(1,329) <span class=\"_ _af\"> </span>(1,390) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt income <span class=\"_ _17e\"> </span>1,496 <span class=\"_ _109\"> </span>941 Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit or  tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _17f\"> </span>4,923 <span class=\"_ _103\"> </span>158 Current-<span class=\"_ _0\"></span>year los<span class=\"_ _0\"></span>ses for which no deferr<span class=\"_ _4\"></span>ed tax asset is recognised <span class=\"_ _180\"> </span>(424) <span class=\"_ _111\"> </span>(501) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt reserv<span class=\"_ _4\"></span>es recognition <span class=\"_ _ef\"> </span>     <span class=\"fc6 sc0\">   </span>                     -  <span class=\"_ _102\"> </span>660 Incremental R&amp;D tax inc<span class=\"_ _0\"></span>entives <span class=\"_ _181\"> </span>1,4<span class=\"_ _0\"></span>76 <span class=\"_ _149\"> </span>640 Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790 Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505) Prior year inc<span class=\"_ _0\"></span>ome tax <span class=\"_ _182\"> </span>(1,020) <span class=\"_ _cb\"> </span>(590) Income tax e<span class=\"_ _0\"></span>xpense report<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _0\"></span>ofit or loss <span class=\"_ _da\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) Effectiv<span class=\"_ _0\"></span>e tax rat<span class=\"_ _0\"></span>e <span class=\"_ _183\"> </span>(13.6%) <span class=\"_ _aa\"> </span>(27<span class=\"_ _1\"></span>.6%)The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate in Belgium accor<span class=\"_ _4\"></span>ding to the applicable tax legislation is 25%.<span class=\"_ _8\"></span> The tax<span class=\"_ _0\"></span>able profit of each subsidiary is tax<span class=\"_ _4\"></span>ed at the applicable income tax rat<span class=\"_ _0\"></span>e in the country wher<span class=\"_ _4\"></span>e each subsidiary<span class=\"_ _8\"></span> is domiciled. Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the Gr<span class=\"_ _4\"></span>eek law 4<span class=\"_ _0\"></span>799<span class=\"_ _0\"></span>/20<span class=\"_ _0\"></span>21, enacted in Ma<span class=\"_ _0\"></span>y 2021, the c<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e income tax r<span class=\"_ _4\"></span>ate for legal entities in Greec<span class=\"_ _0\"></span>e, wher<span class=\"_ _0\"></span>e most of Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries are located, f<span class=\"_ _0\"></span>or the fiscal year 20<span class=\"_ _0\"></span>21 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds is set at 22%. The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate of legal entities in Romania is set at 16% and in the USA the f<span class=\"_ _0\"></span>ederal c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate inc<span class=\"_ _0\"></span>ome tax rat<span class=\"_ _0\"></span>e is set at 21%. The eff<span class=\"_ _0\"></span>ective inc<span class=\"_ _0\"></span>ome tax r<span class=\"_ _0\"></span>ate of the Gr<span class=\"_ _4\"></span>oup was influenced by the r<span class=\"_ _4\"></span>ecognition of pre<span class=\"_ _0\"></span>viously unr<span class=\"_ _0\"></span>ecognised deferr<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> tax asset on prior y<span class=\"_ _0\"></span>ears\u2019 tax losses carried forw<span class=\"_ _4\"></span>ard, as the current asses<span class=\"_ _0\"></span>sment r<span class=\"_ _0\"></span>egarding the r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of av<span class=\"_ _0\"></span>ailable tax losses t<span class=\"_ _0\"></span>o offset future tax<span class=\"_ _0\"></span>able income in s<span class=\"_ _0\"></span>teel pipes segment led t<span class=\"_ _0\"></span>o the rec<span class=\"_ _0\"></span>ognition of deferr<span class=\"_ _4\"></span>ed tax<span class=\"_ _8\"></span> asset of EUR 4.6 million.  Based on applicable Greek tax legislation, r<span class=\"_ _4\"></span>esearch and dev<span class=\"_ _4\"></span>elopment (R&amp;D) e<span class=\"_ _0\"></span>xpenditure<span class=\"_ _0\"></span>, including the tax depreciation c<span class=\"_ _0\"></span>osts of equipment and ins<span class=\"_ _0\"></span>truments used in R&amp;D activities, may be deduct<span class=\"_ _0\"></span>ed from gr<span class=\"_ _4\"></span>oss income of a company with incr<span class=\"_ _4\"></span>eased deduction rates. Specifically<span class=\"_ _1\"></span>, R&amp;D expenditur<span class=\"_ _0\"></span>e in Greec<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>y be deducted fr<span class=\"_ _0\"></span>om gr<span class=\"_ _0\"></span>oss income when incurr<span class=\"_ _0\"></span>ed at a r<span class=\"_ _0\"></span>ate of 200% fr<span class=\"_ _4\"></span>om 1 September 2020 and onwar<span class=\"_ _4\"></span>ds. The subsidiaries of Cenergy Holdings in Greec<span class=\"_ _0\"></span>e mak<span class=\"_ _0\"></span>e use of the abov<span class=\"_ _4\"></span>e tax pro<span class=\"_ _0\"></span>visions and the estimat<span class=\"_ _0\"></span>e regar<span class=\"_ _4\"></span>ding the related tax benefit is pr<span class=\"_ _0\"></span>esented in the line \u201cIncremental R&amp;D tax inc<span class=\"_ _0\"></span>entiv<span class=\"_ _0\"></span>es\u201d of the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e. C. Mov<span class=\"_ _4\"></span>ement in deferred tax balances The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2022 <span class=\"_ _184\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _22\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _e2\"> </span>tax<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _64\"> </span>December <span class=\"_ _8c\"> </span>assets <span class=\"_ _75\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _18a\"> </span>(34,227) <span class=\"_ _8b\"> </span>(3,422) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _85\"> </span>(37<span class=\"_ _1\"></span>,648)<span class=\"ff19 ws94\"> <span class=\"_ _5f\"> </span>4 (37<span class=\"_ _1\"></span>,652) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _24\"> </span>(10) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">(5)</span> 9 <span class=\"_ _5\"> </span>(15)  Intangible assets <span class=\"_ _18e\"> </span>(1,922) <span class=\"_ _4e\"> </span>(126) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _91\"> </span><span class=\"ff1a\">(2,048)</span> <span class=\"_ _27\"> </span>103 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Inv<span class=\"_ _0\"></span>entories <span class=\"_ _192\"> </span>79 <span class=\"_ _18\"></span>21 - <span class=\"_ _4\"></span>- <span class=\"_ _d\"></span>- - <span class=\"_ _32\"></span>100 100 <span class=\"_ _85\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _f8\"> </span>(13,064) <span class=\"_ _29\"> </span>(5,485) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _193\"> </span><span class=\"ff1a\">(18,549)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _9f\"> </span>(18,549)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _df\"> </span>462 <span class=\"_ _79\"> </span>(1,060) <span class=\"_ _45\"> </span>(684) <span class=\"_ _8f\"> </span>- <span class=\"_ _194\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _61\"> </span><span class=\"ff1a\">(1,282)</span> <span class=\"_ _b\"> </span>29 (1,310)  Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _d0\"> </span>(1,311) <span class=\"_ _86\"> </span>541 <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _4a\"> </span>(77<span class=\"_ _0\"></span>0) 172 <span class=\"_ _c\"> </span>(941)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _195\"> </span>668 <span class=\"_ _44\"> </span>87 <span class=\"_ _9c\"> </span>(94) <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">660</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>660 <span class=\"_ _190\"> </span>-  </span> Pro<span class=\"_ _0\"></span>visions <span class=\"_ _196\"> </span>3,056 <span class=\"_ _80\"> </span>(644) <span class=\"_ _18b\"> </span>-  <span class=\"_ _34\"> </span>183 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _63\"> </span><span class=\"ff1a\">2,594</span><span class=\"ws98\"> <span class=\"_ _80\"> </span>2,594 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _198\"> </span>(637) <span class=\"_ _74\"> </span>555 <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(18) <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _86\"> </span><span class=\"ff1a\">(100)</span> 5<span class=\"_ _0\"></span>92 <span class=\"_ _7\"> </span>(692)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _c6\"> </span>405 <span class=\"_ _8c\"> </span>11,16<span class=\"_ _0\"></span>3 <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>3 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _74\"> </span>11,5<span class=\"_ _0\"></span>70<span class=\"ff19 ws98\"> <span class=\"_ _5c\"> </span>11,57<span class=\"_ _0\"></span>0 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _e3\"> </span>11,266 <span class=\"_ _8c\"> </span>1,664 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _75\"> </span><span class=\"ff1a\">12,930</span><span class=\"ws9e\"> 12,930 <span class=\"_ _92\"> </span>- </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _52\"> </span>(35,<span class=\"_ _0\"></span>148) <span class=\"_ _80\"> </span>3,284 <span class=\"_ _57\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _a2\"> </span>(32,4<span class=\"_ _4\"></span>75) <span class=\"_ _5f\"> </span>28,834 <span class=\"_ _a2\"> </span>(61,309)  Set-off tax <span class=\"_ _60\"> </span>  <span class=\"_ _19a\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _18b\"> </span>  <span class=\"_ _19b\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"ff1c ws9f\"> (25,991) <span class=\"_ _a2\"> </span>25,991 </span> Net tax assets / (liabilities) <span class=\"_ _d3\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _85\"> </span>3,284 <span class=\"_ _61\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _194\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _78\"> </span>(32,47<span class=\"_ _0\"></span>5) <span class=\"_ _78\"> </span>2,843 <span class=\"_ _99\"> </span>(35,318)The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the prior y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2021 <span class=\"_ _19c\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _80\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _197\"> </span>tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _193\"> </span>December <span class=\"_ _4e\"> </span>assets <span class=\"_ _e9\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _88\"> </span>(33,391) <span class=\"_ _79\"> </span>(3,792) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _57\"> </span>2,954 <span class=\"_ _18d\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff1a\">(34,227)</span><span class=\"wsa1\"> <span class=\"_ _5d\"> </span>4 (34,230) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _18f\"> </span>1 <span class=\"_ _18b\"> </span>-  <span class=\"_ _e4\"> </span>-  <span class=\"_ _71\"> </span>(1) <span class=\"_ _18d\"> </span>-  <span class=\"_ _fb\"> </span><span class=\"ff1a\">4</span> 9 <span class=\"_ _54\"> </span>(5)  Intangible assets <span class=\"_ _10c\"> </span>(1,934) <span class=\"_ _94\"> </span>(162) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _9a\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _18b\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">(1,922)</span> <span class=\"_ _8\"></span>229 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _8f\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> Inv<span class=\"_ _0\"></span>entories <span class=\"_ _f\"> </span>7<span class=\"_ _0\"></span>3 <span class=\"_ _42\"> </span>12 <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _43\"> </span>(6) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff1a lse5 ws6b\">79</span> 79 <span class=\"_ _7c\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _12b\"> </span>(11,423) <span class=\"_ _5d\"> </span>(2,523) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _71\"> </span>881 <span class=\"_ _18b\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">(13,064)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _8d\"> </span>(13,064)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _1a0\"> </span>466 <span class=\"_ _34\"> </span>48 <span class=\"_ _a1\"> </span>12 <span class=\"_ _90\"> </span>-  <span class=\"_ _e4\"> </span>5 <span class=\"_ _92\"> </span>(70) <span class=\"_ _6f\"> </span><span class=\"ff1a\">462</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>462 <span class=\"_ _190\"> </span>-  </span> Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _163\"> </span>(1,968) <span class=\"_ _24\"> </span>505 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _33\"> </span>152 <span class=\"_ _18d\"> </span>-  <span class=\"_ _24\"> </span><span class=\"ff1a\">(1,311)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _57\"> </span>(1,311)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _1a1\"> </span>610 <span class=\"_ _4a\"> </span>64 <span class=\"_ _3c\"> </span>(148) <span class=\"_ _8f\"> </span>- <span class=\"_ _4a\"> </span>(49) <span class=\"_ _9a\"> </span>191 <span class=\"_ _1a2\"> </span><span class=\"ff1a\">668</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>668 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Pro<span class=\"_ _0\"></span>visions <span class=\"_ _cd\"> </span>313 <span class=\"_ _1a3\"></span>2,777 - <span class=\"_ _1a4\"></span>(4) <span class=\"_ _1a5\"></span>(30) - <span class=\"_ _1a6\"></span>3,056<span class=\"ff19 ws98\"> <span class=\"_ _99\"> </span>3,056 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _1a7\"> </span>(37<span class=\"_ _0\"></span>5) <span class=\"_ _193\"> </span>(262) <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(12) <span class=\"_ _28\"> </span>13 <span class=\"_ _197\"> </span> -  <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(637)</span> 298 <span class=\"_ _7\"> </span>(935)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _109\"> </span>5,265 <span class=\"_ _81\"> </span>(4,599) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _74\"> </span>(263) <span class=\"_ _18b\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff1a\">405</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>405 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _10a\"> </span>12,603 <span class=\"_ _193\"> </span>(295) <span class=\"_ _18b\"> </span>-  <span class=\"_ _83\"> </span>(2) <span class=\"_ _85\"> </span>(1,040) <span class=\"_ _18b\"> </span>-  <span class=\"_ _1a9\"> </span><span class=\"ff1a\">11,266</span><span class=\"ws98\"> <span class=\"_ _5c\"> </span>11,266 <span class=\"_ _190\"> </span>-  </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _53\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _92\"> </span>(14) <span class=\"_ _61\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _e9\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _79\"> </span>16,547 <span class=\"_ _35\"> </span>(51,695)  Set-off tax <span class=\"_ _60\"> </span> <span class=\"_ _197\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _19b\"> </span> <span class=\"_ _18a\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"_ _36\"> </span>(13,314) <span class=\"_ _63\"> </span>13,314  Net tax assets / (liabilities) <span class=\"_ _3e\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _4a\"> </span>(14) <span class=\"_ _9d\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _64\"> </span>(35,148) <span class=\"_ _a2\"> </span>3,233 <span class=\"_ _78\"> </span>(38,382)On 31 December 2022, the ac<span class=\"_ _0\"></span>cumulated tax los<span class=\"_ _0\"></span>ses carried forw<span class=\"_ _0\"></span>ard a<span class=\"_ _4\"></span>vailable for futur<span class=\"_ _0\"></span>e use amounted t<span class=\"_ _0\"></span>o EUR 61.3 million. Cener<span class=\"_ _4\"></span>gy Holdings\u2019 companies hav<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised a deferr<span class=\"_ _4\"></span>ed tax asset on tax losses of EUR 52.6 million because management consider<span class=\"_ _0\"></span>ed it pr<span class=\"_ _0\"></span>obable that future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits would be a<span class=\"_ _4\"></span>vailable against which such tax losses can be used during the ne<span class=\"_ _0\"></span>xt fiv<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>ears. Deferr<span class=\"_ _0\"></span>ed tax asset on tax losses of EUR 7<span class=\"_ _1\"></span>.9 million relat<span class=\"_ _0\"></span>es to s<span class=\"_ _0\"></span>teel pipes segment, while the respectiv<span class=\"_ _4\"></span>e amount for cables segment is EUR 3.7 million.  Based on management\u2019s estima<span class=\"_ _0\"></span>tes r<span class=\"_ _0\"></span>egar<span class=\"_ _0\"></span>ding the future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits and the utilization period of tax losses accor<span class=\"_ _4\"></span>ding to applicable tax legislation deferr<span class=\"_ _0\"></span>ed tax assets hav<span class=\"_ _4\"></span>e not been recognised in r<span class=\"_ _0\"></span>espect of tax losses carried forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>or an amount of EUR 8.7 million with e<span class=\"_ _4\"></span>xpiration date during the period 20<span class=\"_ _0\"></span>23 to 202<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>. Such tax losses for which deferr<span class=\"_ _0\"></span>ed tax assets ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not been rec<span class=\"_ _0\"></span>ognised mainly conc<span class=\"_ _0\"></span>ern the par<span class=\"_ _0\"></span>ent holdings company<span class=\"_ _1\"></span>.  Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the pr<span class=\"_ _4\"></span>ovisions of articles 49 and 72 of the Gr<span class=\"_ _4\"></span>eek Law 4172/<span class=\"_ _0\"></span>2013 c<span class=\"_ _0\"></span>oncerning thin capitalization, net inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense is deductible fr<span class=\"_ _0\"></span>om current y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s tax pr<span class=\"_ _0\"></span>ofits, if it is equal or less than 30% of EBITD<span class=\"_ _4\"></span>A and any ex<span class=\"_ _4\"></span>cess can be settled with futur<span class=\"_ _0\"></span>e tax profits without time limita<span class=\"_ _0\"></span>tions. Similar thin capitalization rules apply to the tax deductibility of inter<span class=\"_ _0\"></span>est in R<span class=\"_ _0\"></span>omania. Specifically<span class=\"_ _4\"></span>, net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>ost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITD<span class=\"_ _4\"></span>A. The ex<span class=\"_ _4\"></span>cess net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e non-deductible in the r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> tax period and may be carried f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d to an unlimit<span class=\"_ _0\"></span>ed number of tax y<span class=\"_ _0\"></span>ears. During 2022, def<span class=\"_ _0\"></span>erred tax as<span class=\"_ _0\"></span>set rec<span class=\"_ _0\"></span>ognised due to thin capitalization rules incr<span class=\"_ _4\"></span>eased by EUR 1.7 million.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-180-4": {
   "value": "13. Income tax A. Amounts recognised in pr<span class=\"_ _0\"></span>ofit or loss  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Current tax e<span class=\"_ _0\"></span>xpense <span class=\"_ _156\"> </span>(12,820) <span class=\"_ _12e\"> </span>(2,998)  Origination and re<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ersal of tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences <span class=\"_ _175\"> </span>(1,548) <span class=\"_ _176\"> </span>(3,879)  Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790  Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit   or tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _e0\"> </span>4,832 <span class=\"_ _103\"> </span>158  Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505)  Deferred tax e<span class=\"_ _0\"></span>xpense  <span class=\"_ _179\"> </span>3,284 <span class=\"_ _b3\"> </span>(5,436)  Income T<span class=\"_ _1\"></span>ax <span class=\"_ _17a\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) B. Reconciliation of eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>e tax ra<span class=\"_ _0\"></span>te  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit befor<span class=\"_ _0\"></span>e tax <span class=\"_ _17b\"> </span>69,95<span class=\"_ _0\"></span>7 <span class=\"_ _b5\"> </span>30,513  T<span class=\"_ _1\"></span>ax calculated at par<span class=\"_ _0\"></span>ent company\u2019<span class=\"_ _4\"></span>s statutory income tax r<span class=\"_ _0\"></span>ate (2022 &amp; 2021: 25.<span class=\"_ _0\"></span>0%) <span class=\"_ _157\"> </span>(17<span class=\"_ _4\"></span>,489) <span class=\"_ _124\"> </span>(7<span class=\"_ _4\"></span>,628) Effect of differ<span class=\"_ _0\"></span>ent tax r<span class=\"_ _0\"></span>ates in jurisdictions that the Gr<span class=\"_ _0\"></span>oup oper<span class=\"_ _0\"></span>ates <span class=\"_ _137\"> </span>2,830 <span class=\"_ _d0\"> </span>992 T<span class=\"_ _1\"></span>ax calculated at weight<span class=\"_ _0\"></span>ed av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age income tax r<span class=\"_ _0\"></span>ate (2022: 21.0% &amp; 20<span class=\"_ _0\"></span>21: 21.7%) <span class=\"_ _17c\"> </span>(14,<span class=\"ws91\">659) (6</span>,636) Adjustments f<span class=\"_ _0\"></span>or: <span class=\"_ _17d\"> </span>  <span class=\"_ _123\"> </span>  Non-deductible expenses f<span class=\"_ _0\"></span>or tax purposes <span class=\"_ _12c\"> </span>(1,329) <span class=\"_ _af\"> </span>(1,390) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt income <span class=\"_ _17e\"> </span>1,496 <span class=\"_ _109\"> </span>941 Recognition of pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously unrec<span class=\"_ _0\"></span>ognised tax losses, tax cr<span class=\"_ _0\"></span>edit or  tempor<span class=\"_ _0\"></span>ary differ<span class=\"_ _0\"></span>ences of a prior period <span class=\"_ _17f\"> </span>4,923 <span class=\"_ _103\"> </span>158 Current-<span class=\"_ _0\"></span>year los<span class=\"_ _0\"></span>ses for which no deferr<span class=\"_ _4\"></span>ed tax asset is recognised <span class=\"_ _180\"> </span>(424) <span class=\"_ _111\"> </span>(501) T<span class=\"_ _1\"></span>ax-e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>empt reserv<span class=\"_ _4\"></span>es recognition <span class=\"_ _ef\"> </span>     <span class=\"fc6 sc0\">   </span>                     -  <span class=\"_ _102\"> </span>660 Incremental R&amp;D tax inc<span class=\"_ _0\"></span>entives <span class=\"_ _181\"> </span>1,4<span class=\"_ _0\"></span>76 <span class=\"_ _149\"> </span>640 Change in tax rat<span class=\"_ _0\"></span>e or composition of ne<span class=\"_ _0\"></span>w tax <span class=\"_ _177\"> </span>-  <span class=\"_ _ec\"> </span>2,790 Derec<span class=\"_ _0\"></span>ognition of pre<span class=\"_ _0\"></span>viously r<span class=\"_ _0\"></span>ecognised tax losses <span class=\"_ _178\"> </span>-  <span class=\"_ _13b\"> </span>(4,505) Prior year inc<span class=\"_ _0\"></span>ome tax <span class=\"_ _182\"> </span>(1,020) <span class=\"_ _cb\"> </span>(590) Income tax e<span class=\"_ _0\"></span>xpense report<span class=\"_ _0\"></span>ed in the statement of pr<span class=\"_ _0\"></span>ofit or loss <span class=\"_ _da\"> </span>(9,536) <span class=\"_ _aa\"> </span>(8,434) Effectiv<span class=\"_ _0\"></span>e tax rat<span class=\"_ _0\"></span>e <span class=\"_ _183\"> </span>(13.6%) <span class=\"_ _aa\"> </span>(27<span class=\"_ _1\"></span>.6%)The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate in Belgium accor<span class=\"_ _4\"></span>ding to the applicable tax legislation is 25%.<span class=\"_ _8\"></span> The tax<span class=\"_ _0\"></span>able profit of each subsidiary is tax<span class=\"_ _4\"></span>ed at the applicable income tax rat<span class=\"_ _0\"></span>e in the country wher<span class=\"_ _4\"></span>e each subsidiary<span class=\"_ _8\"></span> is domiciled. Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the Gr<span class=\"_ _4\"></span>eek law 4<span class=\"_ _0\"></span>799<span class=\"_ _0\"></span>/20<span class=\"_ _0\"></span>21, enacted in Ma<span class=\"_ _0\"></span>y 2021, the c<span class=\"_ _0\"></span>orporat<span class=\"_ _0\"></span>e income tax r<span class=\"_ _4\"></span>ate for legal entities in Greec<span class=\"_ _0\"></span>e, wher<span class=\"_ _0\"></span>e most of Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries are located, f<span class=\"_ _0\"></span>or the fiscal year 20<span class=\"_ _0\"></span>21 and onw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds is set at 22%. The c<span class=\"_ _0\"></span>orpora<span class=\"_ _0\"></span>te income tax r<span class=\"_ _4\"></span>ate of legal entities in Romania is set at 16% and in the USA the f<span class=\"_ _0\"></span>ederal c<span class=\"_ _0\"></span>orpor<span class=\"_ _0\"></span>ate inc<span class=\"_ _0\"></span>ome tax rat<span class=\"_ _0\"></span>e is set at 21%. The eff<span class=\"_ _0\"></span>ective inc<span class=\"_ _0\"></span>ome tax r<span class=\"_ _0\"></span>ate of the Gr<span class=\"_ _4\"></span>oup was influenced by the r<span class=\"_ _4\"></span>ecognition of pre<span class=\"_ _0\"></span>viously unr<span class=\"_ _0\"></span>ecognised deferr<span class=\"_ _4\"></span>ed<span class=\"_ _8\"></span> tax asset on prior y<span class=\"_ _0\"></span>ears\u2019 tax losses carried forw<span class=\"_ _4\"></span>ard, as the current asses<span class=\"_ _0\"></span>sment r<span class=\"_ _0\"></span>egarding the r<span class=\"_ _4\"></span>ecov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ability of av<span class=\"_ _0\"></span>ailable tax losses t<span class=\"_ _0\"></span>o offset future tax<span class=\"_ _0\"></span>able income in s<span class=\"_ _0\"></span>teel pipes segment led t<span class=\"_ _0\"></span>o the rec<span class=\"_ _0\"></span>ognition of deferr<span class=\"_ _4\"></span>ed tax<span class=\"_ _8\"></span> asset of EUR 4.6 million.  Based on applicable Greek tax legislation, r<span class=\"_ _4\"></span>esearch and dev<span class=\"_ _4\"></span>elopment (R&amp;D) e<span class=\"_ _0\"></span>xpenditure<span class=\"_ _0\"></span>, including the tax depreciation c<span class=\"_ _0\"></span>osts of equipment and ins<span class=\"_ _0\"></span>truments used in R&amp;D activities, may be deduct<span class=\"_ _0\"></span>ed from gr<span class=\"_ _4\"></span>oss income of a company with incr<span class=\"_ _4\"></span>eased deduction rates. Specifically<span class=\"_ _1\"></span>, R&amp;D expenditur<span class=\"_ _0\"></span>e in Greec<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>y be deducted fr<span class=\"_ _0\"></span>om gr<span class=\"_ _0\"></span>oss income when incurr<span class=\"_ _0\"></span>ed at a r<span class=\"_ _0\"></span>ate of 200% fr<span class=\"_ _4\"></span>om 1 September 2020 and onwar<span class=\"_ _4\"></span>ds. The subsidiaries of Cenergy Holdings in Greec<span class=\"_ _0\"></span>e mak<span class=\"_ _0\"></span>e use of the abov<span class=\"_ _4\"></span>e tax pro<span class=\"_ _0\"></span>visions and the estimat<span class=\"_ _0\"></span>e regar<span class=\"_ _4\"></span>ding the related tax benefit is pr<span class=\"_ _0\"></span>esented in the line \u201cIncremental R&amp;D tax inc<span class=\"_ _0\"></span>entiv<span class=\"_ _0\"></span>es\u201d of the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e. C. Mov<span class=\"_ _4\"></span>ement in deferred tax balances The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2022 <span class=\"_ _184\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _22\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _e2\"> </span>tax<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _64\"> </span>December <span class=\"_ _8c\"> </span>assets <span class=\"_ _75\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _18a\"> </span>(34,227) <span class=\"_ _8b\"> </span>(3,422) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _85\"> </span>(37<span class=\"_ _1\"></span>,648)<span class=\"ff19 ws94\"> <span class=\"_ _5f\"> </span>4 (37<span class=\"_ _1\"></span>,652) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _24\"> </span>(10) <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">(5)</span> 9 <span class=\"_ _5\"> </span>(15)  Intangible assets <span class=\"_ _18e\"> </span>(1,922) <span class=\"_ _4e\"> </span>(126) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _91\"> </span><span class=\"ff1a\">(2,048)</span> <span class=\"_ _27\"> </span>103 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18d\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Inv<span class=\"_ _0\"></span>entories <span class=\"_ _192\"> </span>79 <span class=\"_ _18\"></span>21 - <span class=\"_ _4\"></span>- <span class=\"_ _d\"></span>- - <span class=\"_ _32\"></span>100 100 <span class=\"_ _85\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _f8\"> </span>(13,064) <span class=\"_ _29\"> </span>(5,485) <span class=\"_ _18d\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _193\"> </span><span class=\"ff1a\">(18,549)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _9f\"> </span>(18,549)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _df\"> </span>462 <span class=\"_ _79\"> </span>(1,060) <span class=\"_ _45\"> </span>(684) <span class=\"_ _8f\"> </span>- <span class=\"_ _194\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _61\"> </span><span class=\"ff1a\">(1,282)</span> <span class=\"_ _b\"> </span>29 (1,310)  Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _d0\"> </span>(1,311) <span class=\"_ _86\"> </span>541 <span class=\"_ _18b\"> </span>- <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _4a\"> </span>(77<span class=\"_ _0\"></span>0) 172 <span class=\"_ _c\"> </span>(941)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _195\"> </span>668 <span class=\"_ _44\"> </span>87 <span class=\"_ _9c\"> </span>(94) <span class=\"_ _8f\"> </span>- <span class=\"_ _fb\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">660</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>660 <span class=\"_ _190\"> </span>-  </span> Pro<span class=\"_ _0\"></span>visions <span class=\"_ _196\"> </span>3,056 <span class=\"_ _80\"> </span>(644) <span class=\"_ _18b\"> </span>-  <span class=\"_ _34\"> </span>183 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _63\"> </span><span class=\"ff1a\">2,594</span><span class=\"ws98\"> <span class=\"_ _80\"> </span>2,594 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _198\"> </span>(637) <span class=\"_ _74\"> </span>555 <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(18) <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _86\"> </span><span class=\"ff1a\">(100)</span> 5<span class=\"_ _0\"></span>92 <span class=\"_ _7\"> </span>(692)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _c6\"> </span>405 <span class=\"_ _8c\"> </span>11,16<span class=\"_ _0\"></span>3 <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>3 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _74\"> </span>11,5<span class=\"_ _0\"></span>70<span class=\"ff19 ws98\"> <span class=\"_ _5c\"> </span>11,57<span class=\"_ _0\"></span>0 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _e3\"> </span>11,266 <span class=\"_ _8c\"> </span>1,664 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _75\"> </span><span class=\"ff1a\">12,930</span><span class=\"ws9e\"> 12,930 <span class=\"_ _92\"> </span>- </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _52\"> </span>(35,<span class=\"_ _0\"></span>148) <span class=\"_ _80\"> </span>3,284 <span class=\"_ _57\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _a2\"> </span>(32,4<span class=\"_ _4\"></span>75) <span class=\"_ _5f\"> </span>28,834 <span class=\"_ _a2\"> </span>(61,309)  Set-off tax <span class=\"_ _60\"> </span>  <span class=\"_ _19a\"> </span>  <span class=\"_ _fb\"> </span>  <span class=\"_ _18b\"> </span>  <span class=\"_ _19b\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"ff1c ws9f\"> (25,991) <span class=\"_ _a2\"> </span>25,991 </span> Net tax assets / (liabilities) <span class=\"_ _d3\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _85\"> </span>3,284 <span class=\"_ _61\"> </span>(778) <span class=\"_ _83\"> </span>168 <span class=\"_ _194\"> </span>-  <span class=\"_ _197\"> </span>-  <span class=\"_ _78\"> </span>(32,47<span class=\"_ _0\"></span>5) <span class=\"_ _78\"> </span>2,843 <span class=\"_ _99\"> </span>(35,318)The mo<span class=\"_ _4\"></span>vement in deferr<span class=\"_ _0\"></span>ed tax assets and liabilities during the prior y<span class=\"_ _0\"></span>ear is as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span> 2021 <span class=\"_ _19c\"> </span>Change in tax rat<span class=\"_ _0\"></span>e <span class=\"_ _185\"> </span>Balance at 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _d\"></span>  <span class=\"_ _186\"> </span> <span class=\"_ _14\"></span>  <span class=\"_ _1\"></span> <span class=\"_ _187\"></span>Effect   <span class=\"_ _188\"> </span>Net <span class=\"_ _51\"> </span>Rec<span class=\"_ _0\"></span>ognised <span class=\"_ _134\"> </span> <span class=\"_ _5e\"> </span>For<span class=\"_ _0\"></span>eign <span class=\"_ _81\"> </span>recognised <span class=\"_ _f6\"> </span>Effect <span class=\"_ _98\"> </span>Net balance   <span class=\"_ _55\"> </span>Deferred <span class=\"_ _80\"> </span>Deferred<span class=\"_ _8\"></span>  <span class=\"_ _7b\"> </span>balance at <span class=\"_ _5c\"> </span>in profit <span class=\"_ _11\"> </span>Recognised <span class=\"_ _8d\"> </span>ex<span class=\"_ _0\"></span>change <span class=\"_ _61\"> </span>in profit <span class=\"_ _5f\"> </span>r<span class=\"_ _0\"></span>ecognised <span class=\"_ _e4\"> </span>on 31 <span class=\"_ _33\"> </span>tax <span class=\"_ _197\"> </span>tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _189\"> </span>1 January <span class=\"_ _22\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _87\"> </span>differences <span class=\"_ _4a\"> </span>or loss <span class=\"_ _4a\"> </span>in OCI <span class=\"_ _193\"> </span>December <span class=\"_ _4e\"> </span>assets <span class=\"_ _e9\"> </span>liabilities Property<span class=\"_ _1\"></span>, plant &amp; equipment <span class=\"_ _88\"> </span>(33,391) <span class=\"_ _79\"> </span>(3,792) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _57\"> </span>2,954 <span class=\"_ _18d\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff1a\">(34,227)</span><span class=\"wsa1\"> <span class=\"_ _5d\"> </span>4 (34,230) </span> Right of use assets <span class=\"_ _18c\"> </span>4 <span class=\"_ _18f\"> </span>1 <span class=\"_ _18b\"> </span>-  <span class=\"_ _e4\"> </span>-  <span class=\"_ _71\"> </span>(1) <span class=\"_ _18d\"> </span>-  <span class=\"_ _fb\"> </span><span class=\"ff1a\">4</span> 9 <span class=\"_ _54\"> </span>(5)  Intangible assets <span class=\"_ _10c\"> </span>(1,934) <span class=\"_ _94\"> </span>(162) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _9a\"> </span>17<span class=\"_ _4\"></span>4 <span class=\"_ _18b\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">(1,922)</span> <span class=\"_ _8\"></span>229 (2,<span class=\"_ _0\"></span>150)  Inv<span class=\"_ _0\"></span>estment pr<span class=\"_ _0\"></span>operty <span class=\"_ _da\"> </span>71 <span class=\"_ _18f\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _8f\"> </span>-  <span class=\"_ _90\"> </span>-  <span class=\"_ _197\"> </span>- <span class=\"_ _18d\"> </span><span class=\"ff1a lsfe ws97\">71</span><span class=\"ws98\"> <span class=\"_ _33\"> </span>71 <span class=\"_ _190\"> </span>-  </span> Inv<span class=\"_ _0\"></span>entories <span class=\"_ _f\"> </span>7<span class=\"_ _0\"></span>3 <span class=\"_ _42\"> </span>12 <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _43\"> </span>(6) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span><span class=\"ff1a lse5 ws6b\">79</span> 79 <span class=\"_ _7c\"> </span>-  Contracts with cus<span class=\"_ _0\"></span>tomers <span class=\"_ _12b\"> </span>(11,423) <span class=\"_ _5d\"> </span>(2,523) <span class=\"_ _18b\"> </span>-  <span class=\"_ _28\"> </span>- <span class=\"_ _71\"> </span>881 <span class=\"_ _18b\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">(13,064)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _8d\"> </span>(13,064)  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _1a0\"> </span>466 <span class=\"_ _34\"> </span>48 <span class=\"_ _a1\"> </span>12 <span class=\"_ _90\"> </span>-  <span class=\"_ _e4\"> </span>5 <span class=\"_ _92\"> </span>(70) <span class=\"_ _6f\"> </span><span class=\"ff1a\">462</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>462 <span class=\"_ _190\"> </span>-  </span> Loans and borro<span class=\"_ _4\"></span>wings <span class=\"_ _163\"> </span>(1,968) <span class=\"_ _24\"> </span>505 <span class=\"_ _18d\"> </span>-  <span class=\"_ _28\"> </span>-  <span class=\"_ _33\"> </span>152 <span class=\"_ _18d\"> </span>-  <span class=\"_ _24\"> </span><span class=\"ff1a\">(1,311)</span> <span class=\"_ _71\"> </span>-  <span class=\"_ _57\"> </span>(1,311)  Employ<span class=\"_ _4\"></span>ee benefits <span class=\"_ _1a1\"> </span>610 <span class=\"_ _4a\"> </span>64 <span class=\"_ _3c\"> </span>(148) <span class=\"_ _8f\"> </span>- <span class=\"_ _4a\"> </span>(49) <span class=\"_ _9a\"> </span>191 <span class=\"_ _1a2\"> </span><span class=\"ff1a\">668</span><span class=\"ws98\"> <span class=\"_ _57\"> </span>668 <span class=\"_ _190\"> </span>-  </span> <span class=\"_ _191\"></span>Pro<span class=\"_ _0\"></span>visions <span class=\"_ _cd\"> </span>313 <span class=\"_ _1a3\"></span>2,777 - <span class=\"_ _1a4\"></span>(4) <span class=\"_ _1a5\"></span>(30) - <span class=\"_ _1a6\"></span>3,056<span class=\"ff19 ws98\"> <span class=\"_ _99\"> </span>3,056 <span class=\"_ _190\"> </span>-  </span> Other items <span class=\"_ _1a7\"> </span>(37<span class=\"_ _0\"></span>5) <span class=\"_ _193\"> </span>(262) <span class=\"_ _18b\"> </span>-  <span class=\"_ _199\"> </span>(12) <span class=\"_ _28\"> </span>13 <span class=\"_ _197\"> </span> -  <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(637)</span> 298 <span class=\"_ _7\"> </span>(935)  Carry forwar<span class=\"_ _4\"></span>d tax loss <span class=\"_ _109\"> </span>5,265 <span class=\"_ _81\"> </span>(4,599) <span class=\"_ _18b\"> </span>-  <span class=\"_ _19a\"> </span>2 <span class=\"_ _74\"> </span>(263) <span class=\"_ _18b\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff1a\">405</span><span class=\"ws98\"> <span class=\"_ _9d\"> </span>405 <span class=\"_ _190\"> </span>-  </span> Thin-cap inter<span class=\"_ _4\"></span>est <span class=\"_ _10a\"> </span>12,603 <span class=\"_ _193\"> </span>(295) <span class=\"_ _18b\"> </span>-  <span class=\"_ _83\"> </span>(2) <span class=\"_ _85\"> </span>(1,040) <span class=\"_ _18b\"> </span>-  <span class=\"_ _1a9\"> </span><span class=\"ff1a\">11,266</span><span class=\"ws98\"> <span class=\"_ _5c\"> </span>11,266 <span class=\"_ _190\"> </span>-  </span> T<span class=\"_ _1\"></span>ax assets / (liabilities) before set-off <span class=\"_ _53\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _92\"> </span>(14) <span class=\"_ _61\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _e9\"> </span>(35,<span class=\"_ _4\"></span>148) <span class=\"_ _79\"> </span>16,547 <span class=\"_ _35\"> </span>(51,695)  Set-off tax <span class=\"_ _60\"> </span> <span class=\"_ _197\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _19b\"> </span> <span class=\"_ _18a\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _13\"> </span> <span class=\"_ _36\"> </span>(13,314) <span class=\"_ _63\"> </span>13,314  Net tax assets / (liabilities) <span class=\"_ _3e\"> </span>(29,684) <span class=\"_ _29\"> </span>(8,225) <span class=\"_ _3c\"> </span>(135) <span class=\"_ _4a\"> </span>(14) <span class=\"_ _9d\"> </span>2,790 <span class=\"_ _71\"> </span>121 <span class=\"_ _64\"> </span>(35,148) <span class=\"_ _a2\"> </span>3,233 <span class=\"_ _78\"> </span>(38,382)On 31 December 2022, the ac<span class=\"_ _0\"></span>cumulated tax los<span class=\"_ _0\"></span>ses carried forw<span class=\"_ _0\"></span>ard a<span class=\"_ _4\"></span>vailable for futur<span class=\"_ _0\"></span>e use amounted t<span class=\"_ _0\"></span>o EUR 61.3 million. Cener<span class=\"_ _4\"></span>gy Holdings\u2019 companies hav<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ecognised a deferr<span class=\"_ _4\"></span>ed tax asset on tax losses of EUR 52.6 million because management consider<span class=\"_ _0\"></span>ed it pr<span class=\"_ _0\"></span>obable that future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits would be a<span class=\"_ _4\"></span>vailable against which such tax losses can be used during the ne<span class=\"_ _0\"></span>xt fiv<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>ears. Deferr<span class=\"_ _0\"></span>ed tax asset on tax losses of EUR 7<span class=\"_ _1\"></span>.9 million relat<span class=\"_ _0\"></span>es to s<span class=\"_ _0\"></span>teel pipes segment, while the respectiv<span class=\"_ _4\"></span>e amount for cables segment is EUR 3.7 million.  Based on management\u2019s estima<span class=\"_ _0\"></span>tes r<span class=\"_ _0\"></span>egar<span class=\"_ _0\"></span>ding the future tax<span class=\"_ _0\"></span>able pr<span class=\"_ _0\"></span>ofits and the utilization period of tax losses accor<span class=\"_ _4\"></span>ding to applicable tax legislation deferr<span class=\"_ _0\"></span>ed tax assets hav<span class=\"_ _4\"></span>e not been recognised in r<span class=\"_ _0\"></span>espect of tax losses carried forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>or an amount of EUR 8.7 million with e<span class=\"_ _4\"></span>xpiration date during the period 20<span class=\"_ _0\"></span>23 to 202<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>. Such tax losses for which deferr<span class=\"_ _0\"></span>ed tax assets ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not been rec<span class=\"_ _0\"></span>ognised mainly conc<span class=\"_ _0\"></span>ern the par<span class=\"_ _0\"></span>ent holdings company<span class=\"_ _1\"></span>.  Ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>ding to the pr<span class=\"_ _4\"></span>ovisions of articles 49 and 72 of the Gr<span class=\"_ _4\"></span>eek Law 4172/<span class=\"_ _0\"></span>2013 c<span class=\"_ _0\"></span>oncerning thin capitalization, net inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense is deductible fr<span class=\"_ _0\"></span>om current y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s tax pr<span class=\"_ _0\"></span>ofits, if it is equal or less than 30% of EBITD<span class=\"_ _4\"></span>A and any ex<span class=\"_ _4\"></span>cess can be settled with futur<span class=\"_ _0\"></span>e tax profits without time limita<span class=\"_ _0\"></span>tions. Similar thin capitalization rules apply to the tax deductibility of inter<span class=\"_ _0\"></span>est in R<span class=\"_ _0\"></span>omania. Specifically<span class=\"_ _4\"></span>, net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>ost higher than the deductible limit of EUR 200 thousand is deductible only up to 10% of EBITD<span class=\"_ _4\"></span>A. The ex<span class=\"_ _4\"></span>cess net inter<span class=\"_ _0\"></span>est c<span class=\"_ _0\"></span>osts ar<span class=\"_ _0\"></span>e non-deductible in the r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant<span class=\"_ _8\"></span> tax period and may be carried f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d to an unlimit<span class=\"_ _0\"></span>ed number of tax y<span class=\"_ _0\"></span>ears. During 2022, def<span class=\"_ _0\"></span>erred tax as<span class=\"_ _0\"></span>set rec<span class=\"_ _0\"></span>ognised due to thin capitalization rules incr<span class=\"_ _4\"></span>eased by EUR 1.7 million.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-185-3": {
   "value": "Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no inv<span class=\"_ _4\"></span>entories pledged as security for borr<span class=\"_ _0\"></span>owings r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. B. SecurityProperty<span class=\"_ _1\"></span>, plant &amp; equipment with a carrying amount of EUR 49 million ar<span class=\"_ _0\"></span>e mortgaged as security f<span class=\"_ _0\"></span>or borro<span class=\"_ _4\"></span>wings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings (see Note 26). Mortgages in fa<span class=\"_ _4\"></span>vor of banks hav<span class=\"_ _4\"></span>e been recor<span class=\"_ _0\"></span>ded on propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant and equipment of subsidiaries. The carrying amount of assets mortgaged is EUR 4<span class=\"_ _0\"></span>9 million. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-186-2": {
   "value": "15. T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eivables  <span class=\"_ _1ae\"> </span>On 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Current assets  T<span class=\"_ _4\"></span>rade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f2\"> </span> <span class=\"_ _176\"> </span>142,098 <span class=\"_ _111\"> </span>96,262  Less: Impairment losses <span class=\"_ _1af\"> </span>30.<span class=\"_ _4\"></span>C.1 <span class=\"_ _124\"> </span>(27<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>128) <span class=\"_ _af\"> </span>(25,534)  <span class=\"_ _1b0\"> </span> 114,970 <span class=\"_ _2c\"> </span>70,7<span class=\"_ _0\"></span>28  Other down pa<span class=\"_ _0\"></span>yments <span class=\"_ _1b1\"> </span> <span class=\"_ _107\"> </span>3,17<span class=\"_ _0\"></span>8 <span class=\"_ _115\"> </span>624  Cheques and notes r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables  <span class=\"_ _1b2\"> </span> <span class=\"_ _1b3\"> </span>194 <span class=\"_ _1b4\"> </span>390  Receiv<span class=\"_ _0\"></span>ables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed entities <span class=\"_ _df\"> </span>35 <span class=\"_ _a6\"> </span>24,290 <span class=\"_ _bc\"> </span>31,445  V<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>T &amp; other tax receivables <span class=\"_ _de\"> </span> <span class=\"_ _163\"> </span>11,610 <span class=\"_ _16c\"> </span>14,4<span class=\"_ _4\"></span>76  Other rec<span class=\"_ _0\"></span>eivables <span class=\"_ _16e\"> </span> <span class=\"_ _c7\"> </span>18,910 <span class=\"_ _109\"> </span>4,<span class=\"_ _0\"></span>716  Other debtors <span class=\"_ _1b5\"> </span> <span class=\"_ _1b6\"> </span>20,<span class=\"_ _0\"></span>034 <span class=\"_ _149\"> </span>10,<span class=\"_ _4\"></span>158  Less: Impairment losses <span class=\"_ _1af\"> </span>30.<span class=\"_ _4\"></span>C.1 <span class=\"_ _ce\"> </span>(417) <span class=\"_ _147\"> </span>(49<span class=\"_ _0\"></span>7) 77<span class=\"_ _1\"></span>,798 61,312  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _176\"> </span>192,7<span class=\"_ _0\"></span>69 <span class=\"_ _b5\"> </span>132,040<span class=\"ff1e\"> </span> Non-current assets  Non-current r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _137\"> </span> <span class=\"_ _1b8\"> </span>395 <span class=\"_ _1b4\"> </span>208  Other non-current r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _1b9\"> </span> <span class=\"_ _1b8\"> </span>832 <span class=\"_ _115\"> </span>968  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _102\"> </span>1,227 <span class=\"_ _112\"> </span>1,<span class=\"_ _0\"></span>177 A. T<span class=\"_ _4\"></span>ransfer of tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eivables The carrying amount of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables includes amounts that are subject to f<span class=\"_ _0\"></span>actoring arr<span class=\"_ _0\"></span>angements. The subsidiaries Cener<span class=\"_ _0\"></span>gy Holdings enter int<span class=\"_ _0\"></span>o factoring agr<span class=\"_ _4\"></span>eements with recourse to sell tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables for cash pr<span class=\"_ _0\"></span>oceeds. T<span class=\"_ _0\"></span>hese trade r<span class=\"_ _4\"></span>eceivables ar<span class=\"_ _0\"></span>e not being derec<span class=\"_ _0\"></span>ognised fr<span class=\"_ _0\"></span>om the Consolidat<span class=\"_ _0\"></span>ed Statement of Financial Position, because substantially all the risk - primarily cr<span class=\"_ _0\"></span>edit risk - and re<span class=\"_ _4\"></span>wards ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>etained within the Group<span class=\"_ _0\"></span>. The amount r<span class=\"_ _4\"></span>eceived on transf<span class=\"_ _0\"></span>er by the f<span class=\"_ _0\"></span>actor is r<span class=\"_ _4\"></span>ecognised as a secured bank loan. The f<span class=\"_ _0\"></span>ollowing inf<span class=\"_ _0\"></span>ormation sho<span class=\"_ _0\"></span>ws the carrying amount of tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables at the y<span class=\"_ _0\"></span>ear-end that ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been transf<span class=\"_ _0\"></span>erred but ha<span class=\"_ _4\"></span>ve not been derec<span class=\"_ _0\"></span>ognised and the associat<span class=\"_ _0\"></span>ed liabilities.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Carrying amount of trade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed  <span class=\"_ _95\"> </span>16,265 <span class=\"_ _c9\"> </span>8,812  Carrying amount of associated liabilities <span class=\"_ _1ba\"> </span>14,638 <span class=\"_ _bc\"> </span>7<span class=\"_ _4\"></span>,931 The f<span class=\"_ _0\"></span>air value of the tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed appro<span class=\"_ _4\"></span>ximate the carrying amount. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, Cener<span class=\"_ _0\"></span>gy Holdings had not used the total amount of cr<span class=\"_ _0\"></span>edit line a<span class=\"_ _0\"></span>vailable b<span class=\"_ _4\"></span>y the<span class=\"_ _8\"></span> factoring c<span class=\"_ _0\"></span>ompanies. B. Credit and mark<span class=\"_ _0\"></span>et risks and impairment losses on tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables During 2010, the subsidiary C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks SA initiated in Gr<span class=\"_ _0\"></span>eece and Dubai legal actions against a f<span class=\"_ _0\"></span>ormer customer in the Middle Eas<span class=\"_ _0\"></span>t regar<span class=\"_ _4\"></span>ding the reco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery of an o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue r<span class=\"_ _4\"></span>eceivable of USD 2<span class=\"_ _0\"></span>4.8 million (EUR 23.3 million on 31 December 2022), plus legal int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est. Follo<span class=\"_ _0\"></span>wing a series of court pr<span class=\"_ _4\"></span>oceedings, the Dubai Court of Cassation issued its final judgment, during 20<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>, and<span class=\"_ _8\"></span> ruled to r<span class=\"_ _0\"></span>eject any c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>claim of the former cus<span class=\"_ _0\"></span>tomer and t<span class=\"_ _0\"></span>o confirm the amount due t<span class=\"_ _0\"></span>o Corinth Pipe<span class=\"_ _0\"></span>works. In order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er this long o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue balanc<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks has initiated the enforc<span class=\"_ _0\"></span>ement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es against the assets of the former cus<span class=\"_ _0\"></span>tomer that ar<span class=\"_ _0\"></span>e locat<span class=\"_ _0\"></span>ed within any of the countries, wher<span class=\"_ _4\"></span>e the Court of Cassation judgment issued against the f<span class=\"_ _0\"></span>ormer customer is enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable (i.<span class=\"_ _0\"></span>e., U<span class=\"_ _0\"></span>AE and v<span class=\"_ _0\"></span>arious other countries in the Middle East). Ther<span class=\"_ _4\"></span>e were no other subs<span class=\"_ _0\"></span>tantial dev<span class=\"_ _4\"></span>elopments during 2022.<span class=\"_ _8\"></span>   Corinth Pipe<span class=\"_ _0\"></span>works had r<span class=\"_ _4\"></span>ecorded in the past an impairment los<span class=\"_ _0\"></span>s for the whole outstanding amount, i.<span class=\"_ _0\"></span>e., USD 24.8 million. Ho<span class=\"_ _4\"></span>wev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, the subsidiary will continue an<span class=\"_ _0\"></span>y and all actions r<span class=\"_ _0\"></span>equired t<span class=\"_ _0\"></span>o collect the full amount of tha<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able.  <span class=\"_ _8\"></span> Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit and market risks and impairment los<span class=\"_ _0\"></span>ses for tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables is included in Note 29.<span class=\"_ _4\"></span>C.<span class=\"_ _0\"></span>1. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-186-3": {
   "value": "15. T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eivables  <span class=\"_ _1ae\"> </span>On 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Current assets  T<span class=\"_ _4\"></span>rade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _f2\"> </span> <span class=\"_ _176\"> </span>142,098 <span class=\"_ _111\"> </span>96,262  Less: Impairment losses <span class=\"_ _1af\"> </span>30.<span class=\"_ _4\"></span>C.1 <span class=\"_ _124\"> </span>(27<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>128) <span class=\"_ _af\"> </span>(25,534)  <span class=\"_ _1b0\"> </span> 114,970 <span class=\"_ _2c\"> </span>70,7<span class=\"_ _0\"></span>28  Other down pa<span class=\"_ _0\"></span>yments <span class=\"_ _1b1\"> </span> <span class=\"_ _107\"> </span>3,17<span class=\"_ _0\"></span>8 <span class=\"_ _115\"> </span>624  Cheques and notes r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables  <span class=\"_ _1b2\"> </span> <span class=\"_ _1b3\"> </span>194 <span class=\"_ _1b4\"> </span>390  Receiv<span class=\"_ _0\"></span>ables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed entities <span class=\"_ _df\"> </span>35 <span class=\"_ _a6\"> </span>24,290 <span class=\"_ _bc\"> </span>31,445  V<span class=\"_ _1\"></span>A<span class=\"_ _4\"></span>T &amp; other tax receivables <span class=\"_ _de\"> </span> <span class=\"_ _163\"> </span>11,610 <span class=\"_ _16c\"> </span>14,4<span class=\"_ _4\"></span>76  Other rec<span class=\"_ _0\"></span>eivables <span class=\"_ _16e\"> </span> <span class=\"_ _c7\"> </span>18,910 <span class=\"_ _109\"> </span>4,<span class=\"_ _0\"></span>716  Other debtors <span class=\"_ _1b5\"> </span> <span class=\"_ _1b6\"> </span>20,<span class=\"_ _0\"></span>034 <span class=\"_ _149\"> </span>10,<span class=\"_ _4\"></span>158  Less: Impairment losses <span class=\"_ _1af\"> </span>30.<span class=\"_ _4\"></span>C.1 <span class=\"_ _ce\"> </span>(417) <span class=\"_ _147\"> </span>(49<span class=\"_ _0\"></span>7) 77<span class=\"_ _1\"></span>,798 61,312  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _176\"> </span>192,7<span class=\"_ _0\"></span>69 <span class=\"_ _b5\"> </span>132,040<span class=\"ff1e\"> </span> Non-current assets  Non-current r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables fr<span class=\"_ _0\"></span>om relat<span class=\"_ _0\"></span>ed parties <span class=\"_ _137\"> </span> <span class=\"_ _1b8\"> </span>395 <span class=\"_ _1b4\"> </span>208  Other non-current r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _1b9\"> </span> <span class=\"_ _1b8\"> </span>832 <span class=\"_ _115\"> </span>968  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _102\"> </span>1,227 <span class=\"_ _112\"> </span>1,<span class=\"_ _0\"></span>177 A. T<span class=\"_ _4\"></span>ransfer of tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eivables The carrying amount of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables includes amounts that are subject to f<span class=\"_ _0\"></span>actoring arr<span class=\"_ _0\"></span>angements. The subsidiaries Cener<span class=\"_ _0\"></span>gy Holdings enter int<span class=\"_ _0\"></span>o factoring agr<span class=\"_ _4\"></span>eements with recourse to sell tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables for cash pr<span class=\"_ _0\"></span>oceeds. T<span class=\"_ _0\"></span>hese trade r<span class=\"_ _4\"></span>eceivables ar<span class=\"_ _0\"></span>e not being derec<span class=\"_ _0\"></span>ognised fr<span class=\"_ _0\"></span>om the Consolidat<span class=\"_ _0\"></span>ed Statement of Financial Position, because substantially all the risk - primarily cr<span class=\"_ _0\"></span>edit risk - and re<span class=\"_ _4\"></span>wards ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>etained within the Group<span class=\"_ _0\"></span>. The amount r<span class=\"_ _4\"></span>eceived on transf<span class=\"_ _0\"></span>er by the f<span class=\"_ _0\"></span>actor is r<span class=\"_ _4\"></span>ecognised as a secured bank loan. The f<span class=\"_ _0\"></span>ollowing inf<span class=\"_ _0\"></span>ormation sho<span class=\"_ _0\"></span>ws the carrying amount of tr<span class=\"_ _0\"></span>ade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables at the y<span class=\"_ _0\"></span>ear-end that ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been transf<span class=\"_ _0\"></span>erred but ha<span class=\"_ _4\"></span>ve not been derec<span class=\"_ _0\"></span>ognised and the associat<span class=\"_ _0\"></span>ed liabilities.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Carrying amount of trade r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables tr<span class=\"_ _0\"></span>ansferr<span class=\"_ _0\"></span>ed  <span class=\"_ _95\"> </span>16,265 <span class=\"_ _c9\"> </span>8,812  Carrying amount of associated liabilities <span class=\"_ _1ba\"> </span>14,638 <span class=\"_ _bc\"> </span>7<span class=\"_ _4\"></span>,931 The f<span class=\"_ _0\"></span>air value of the tr<span class=\"_ _4\"></span>ade receiv<span class=\"_ _0\"></span>ables transf<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed appro<span class=\"_ _4\"></span>ximate the carrying amount. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, Cener<span class=\"_ _0\"></span>gy Holdings had not used the total amount of cr<span class=\"_ _0\"></span>edit line a<span class=\"_ _0\"></span>vailable b<span class=\"_ _4\"></span>y the<span class=\"_ _8\"></span> factoring c<span class=\"_ _0\"></span>ompanies. B. Credit and mark<span class=\"_ _0\"></span>et risks and impairment losses on tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables During 2010, the subsidiary C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks SA initiated in Gr<span class=\"_ _0\"></span>eece and Dubai legal actions against a f<span class=\"_ _0\"></span>ormer customer in the Middle Eas<span class=\"_ _0\"></span>t regar<span class=\"_ _4\"></span>ding the reco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery of an o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue r<span class=\"_ _4\"></span>eceivable of USD 2<span class=\"_ _0\"></span>4.8 million (EUR 23.3 million on 31 December 2022), plus legal int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est. Follo<span class=\"_ _0\"></span>wing a series of court pr<span class=\"_ _4\"></span>oceedings, the Dubai Court of Cassation issued its final judgment, during 20<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>, and<span class=\"_ _8\"></span> ruled to r<span class=\"_ _0\"></span>eject any c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>claim of the former cus<span class=\"_ _0\"></span>tomer and t<span class=\"_ _0\"></span>o confirm the amount due t<span class=\"_ _0\"></span>o Corinth Pipe<span class=\"_ _0\"></span>works. In order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er this long o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue balanc<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks has initiated the enforc<span class=\"_ _0\"></span>ement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es against the assets of the former cus<span class=\"_ _0\"></span>tomer that ar<span class=\"_ _0\"></span>e locat<span class=\"_ _0\"></span>ed within any of the countries, wher<span class=\"_ _4\"></span>e the Court of Cassation judgment issued against the f<span class=\"_ _0\"></span>ormer customer is enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable (i.<span class=\"_ _0\"></span>e., U<span class=\"_ _0\"></span>AE and v<span class=\"_ _0\"></span>arious other countries in the Middle East). Ther<span class=\"_ _4\"></span>e were no other subs<span class=\"_ _0\"></span>tantial dev<span class=\"_ _4\"></span>elopments during 2022.<span class=\"_ _8\"></span>   Corinth Pipe<span class=\"_ _0\"></span>works had r<span class=\"_ _4\"></span>ecorded in the past an impairment los<span class=\"_ _0\"></span>s for the whole outstanding amount, i.<span class=\"_ _0\"></span>e., USD 24.8 million. Ho<span class=\"_ _4\"></span>wev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, the subsidiary will continue an<span class=\"_ _0\"></span>y and all actions r<span class=\"_ _0\"></span>equired t<span class=\"_ _0\"></span>o collect the full amount of tha<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able.  <span class=\"_ _8\"></span> Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit and market risks and impairment los<span class=\"_ _0\"></span>ses for tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables is included in Note 29.<span class=\"_ _4\"></span>C.<span class=\"_ _0\"></span>1. 16. Cash and cash equiv<span class=\"_ _0\"></span>alents<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cash in hand and cash in bank <span class=\"_ _13c\"> </span>32 <span class=\"_ _1bb\"> </span>6  Short-term bank deposits <span class=\"_ _b0\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>127 <span class=\"_ _a8\"> </span>129,600  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>167<span class=\"_ _1\"></span>,160 <span class=\"_ _13b\"> </span>129,606 Short term deposits ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e duration of les<span class=\"_ _0\"></span>s than 90 day<span class=\"_ _0\"></span>s and ar<span class=\"_ _0\"></span>e av<span class=\"_ _4\"></span>ailable for use. 22.<span class=\"_\"> </span>Other inv<span class=\"_ _4\"></span>estments Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _16a\"> </span>5,812 <span class=\"_ _e8\"> </span>5,657  Additions <span class=\"_ _214\"> </span>- <span class=\"_ _be\"> </span>-  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Disposals <span class=\"_ _215\"> </span>- <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 Other inv<span class=\"_ _4\"></span>estments are equity inv<span class=\"_ _4\"></span>estments at FV<span class=\"_ _0\"></span>OCI and conc<span class=\"_ _0\"></span>ern unlisted shar<span class=\"_ _4\"></span>es (equity instruments<span class=\"_ _0\"></span>) of Greek entities.  23. Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es The f<span class=\"_ _0\"></span>ollowing table sets out the carrying amount of deriv<span class=\"_ _4\"></span>atives:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 Derivativ<span class=\"_ _4\"></span>es not designated as hedging instrumentsW<span class=\"_ _4\"></span>eighing up the possible effects of monetary policy tightening in the EU and the US<span class=\"_ _0\"></span>A observ<span class=\"_ _0\"></span>ed during the first semester of 20<span class=\"_ _0\"></span>22 and to offset the pot<span class=\"_ _0\"></span>ential impact on finance cos<span class=\"_ _0\"></span>ts due to incr<span class=\"_ _0\"></span>easing inter<span class=\"_ _4\"></span>est rates, C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings companies decided in Q2 2022 t<span class=\"_ _0\"></span>o start using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>aps.<span class=\"_ _8\"></span> V<span class=\"_ _4\"></span>ariable rat<span class=\"_ _0\"></span>e loans and borro<span class=\"_ _4\"></span>wings expose Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o a rat<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility risk (<span class=\"_ _4\"></span>cash flow risk).  In order t<span class=\"_ _0\"></span>o hedge it, inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate swaps ar<span class=\"_ _4\"></span>e used to effectively tr<span class=\"_ _4\"></span>ansform the variable inter<span class=\"_ _4\"></span>est rate of the loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed one, thus r<span class=\"_ _0\"></span>educing such v<span class=\"_ _0\"></span>olatility risk.  Inter<span class=\"_ _4\"></span>est rate s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts inv<span class=\"_ _4\"></span>olve ex<span class=\"_ _4\"></span>changing, on specified dates cash amounts equal to the differ<span class=\"_ _4\"></span>ence between a c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed inter<span class=\"_ _4\"></span>est rate calculat<span class=\"_ _0\"></span>ed on a principal and a v<span class=\"_ _0\"></span>ariable rat<span class=\"_ _0\"></span>e calculat<span class=\"_ _0\"></span>ed on the same principal.  By car<span class=\"_ _0\"></span>efully choosing the variable r<span class=\"_ _4\"></span>ate and the principal of the swap<span class=\"_ _0\"></span>, one actually transf<span class=\"_ _0\"></span>orms a floating r<span class=\"_ _0\"></span>ate loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te one. During H1 2022, both segments enter<span class=\"_ _4\"></span>ed swap agreements on a t<span class=\"_ _0\"></span>otal notional v<span class=\"_ _0\"></span>alue of EUR 80 million to counterbalanc<span class=\"_ _0\"></span>e potential higher futur<span class=\"_ _4\"></span>e interest c<span class=\"_ _0\"></span>osts on their loans.  All those sw<span class=\"_ _4\"></span>aps have an initial t<span class=\"_ _0\"></span>erm of 7 y<span class=\"_ _0\"></span>ears. These actions ar<span class=\"_ _0\"></span>e in line with the r<span class=\"_ _0\"></span>elated policy of C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies aiming to ensur<span class=\"_ _4\"></span>e that a portion of<span class=\"_ _8\"></span> their loans and borro<span class=\"_ _4\"></span>wings are at fix<span class=\"_ _0\"></span>ed rat<span class=\"_ _0\"></span>es. The f<span class=\"_ _0\"></span>air value of an int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e is determined b<span class=\"_ _4\"></span>y discounting its future cash flo<span class=\"_ _0\"></span>ws using term structur<span class=\"_ _4\"></span>e of interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es at the reporting da<span class=\"_ _0\"></span>te and the cr<span class=\"_ _0\"></span>edit risk inher<span class=\"_ _0\"></span>ent in the sw<span class=\"_ _0\"></span>ap contr<span class=\"_ _0\"></span>act, if any<span class=\"_ _1\"></span>. The int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e entered into f<span class=\"_ _0\"></span>or periods consis<span class=\"_ _0\"></span>tent with the e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e of the underlying debt instruments but ar<span class=\"_ _0\"></span>e not designated as cash flo<span class=\"_ _0\"></span>w hedges since the timing and amount t<span class=\"_ _0\"></span>erms in<span class=\"_ _0\"></span>volv<span class=\"_ _4\"></span>ed in the swap contr<span class=\"_ _0\"></span>acts do not e<span class=\"_ _0\"></span>xactly mat<span class=\"_ _0\"></span>ch those of the underlying debt instruments; ther<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, a hedging r<span class=\"_ _0\"></span>elationship as described in IFRS is not established. Consequently<span class=\"_ _1\"></span>, the valuation of such int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts is included in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. Hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hold deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e financial instruments f<span class=\"_ _0\"></span>or cash flow and f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges.  The abo<span class=\"_ _4\"></span>vementioned derivativ<span class=\"_ _4\"></span>e financial instruments co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er risks from:  \u2022 <span class=\"_ _23\"> </span>Changes in the pric<span class=\"_ _0\"></span>es of metals list<span class=\"_ _0\"></span>ed in LME. \u2022 <span class=\"_ _23\"> </span>Fluctua<span class=\"_ _0\"></span>tions of for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es. The maturity and the nominal v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es held by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies, in principle, mat<span class=\"_ _0\"></span>ch the maturity and nominal v<span class=\"_ _0\"></span>alue of the underlying assets / liabilities (hedged items<span class=\"_ _0\"></span>). Derivativ<span class=\"_ _4\"></span>es held by Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies c<span class=\"_ _0\"></span>oncern mainly:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>uture c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts to hedge the risk fr<span class=\"_ _0\"></span>om the change of the price of metals lis<span class=\"_ _0\"></span>ted in LME (London Metal Ex<span class=\"_ _0\"></span>change) and used in pr<span class=\"_ _4\"></span>oduction of Cenergy Holdings\u2019 companies in the cables segment (i.<span class=\"_ _0\"></span>e., mainly c<span class=\"_ _0\"></span>opper and aluminium). Such hedges are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>oreign ex<span class=\"_ _4\"></span>change forwards t<span class=\"_ _0\"></span>o hedge the risk fr<span class=\"_ _0\"></span>om the change in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e of US Dollar and British Pound (i.e., curr<span class=\"_ _4\"></span>encies to which Cenergy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ar<span class=\"_ _0\"></span>e mainly exposed). Such hedges ar<span class=\"_ _4\"></span>e either designated<span class=\"_ _8\"></span> as fair v<span class=\"_ _0\"></span>alue or cash flo<span class=\"_ _0\"></span>w hedges depending on the item hedged. F<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, when used for hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _4\"></span>ables denominated in for<span class=\"_ _0\"></span>eign currency ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> designated as f<span class=\"_ _0\"></span>air value hedges. F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change forw<span class=\"_ _0\"></span>ards, when used f<span class=\"_ _0\"></span>or hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on the for<span class=\"_ _0\"></span>ecasted sales of goods or pur<span class=\"_ _4\"></span>chase of materials, are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. Derivativ<span class=\"_ _4\"></span>es are rec<span class=\"_ _0\"></span>ognised when Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ent<span class=\"_ _0\"></span>er into the tr<span class=\"_ _4\"></span>ansaction in order to hedge the fair v<span class=\"_ _0\"></span>alue of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, liabilities or commitments (f<span class=\"_ _0\"></span>air value hedges<span class=\"_ _4\"></span>) or highly probable transactions (<span class=\"_ _4\"></span>cash flow hedges). F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. Cash flow hedges  The eff<span class=\"_ _0\"></span>ective portion of change in f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as a cash flo<span class=\"_ _0\"></span>w hedge is r<span class=\"_ _0\"></span>ecognised in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (<span class=\"_ _4\"></span>OCI), under \u201cHedging Reserve\u201d. The gain or los<span class=\"_ _0\"></span>s on the non-effectiv<span class=\"_ _4\"></span>e proportion is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded to the pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecor<span class=\"_ _4\"></span>ded in \u201cHedging Reserve\u201d ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified to the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss of the period when the ev<span class=\"_ _4\"></span>ent hedged occurs, i.e. at the dat<span class=\"_ _0\"></span>e when the for<span class=\"_ _4\"></span>ecasted transaction which c<span class=\"_ _0\"></span>onstitutes the object of the hedge took place or the hedged it<span class=\"_ _0\"></span>em affects pr<span class=\"_ _4\"></span>ofit and loss (for ex<span class=\"_ _0\"></span>ample, in case of a forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sale of aluminium, the reserv<span class=\"_ _4\"></span>e is recognised in Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss aft<span class=\"_ _0\"></span>er the net cash settlement of future c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act and at the date the aluminium sold). When a hedge item is sold or when the hedging pr<span class=\"_ _0\"></span>oportion no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, the amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d remain as a reserv<span class=\"_ _4\"></span>e and are reclas<span class=\"_ _0\"></span>sified to the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged asset aff<span class=\"_ _0\"></span>ects pr<span class=\"_ _0\"></span>ofits or losses. In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction, which is no longer expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ealized, the amounts recor<span class=\"_ _4\"></span>ded<span class=\"_ _8\"></span> in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss.  The change in f<span class=\"_ _0\"></span>air value r<span class=\"_ _4\"></span>ecognized in equity under cash flo<span class=\"_ _0\"></span>w hedging on 31 December 2022 will be r<span class=\"_ _4\"></span>ecycled to the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s during 2023 and the long term portion during 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4, in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the maturity date of the deriv<span class=\"_ _4\"></span>atives used, when the hedged e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents are e<span class=\"_ _4\"></span>xpected to occur (the for<span class=\"_ _4\"></span>ecasted transactions will take plac<span class=\"_ _0\"></span>e or the hedged items will aff<span class=\"_ _0\"></span>ect profit or los<span class=\"_ _0\"></span>s). Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedge at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely) the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedge b<span class=\"_ _4\"></span>y applying the dollar offset method on a<span class=\"_ _8\"></span> cumulativ<span class=\"_ _0\"></span>e basis is ex<span class=\"_ _0\"></span>amined. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies\u2019 r<span class=\"_ _0\"></span>esults fr<span class=\"_ _0\"></span>om the hedging activities rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed for metal futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts in \u201cRe<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue\u201d and \u201cCos<span class=\"_ _0\"></span>t of sales\u201d.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss ar<span class=\"_ _0\"></span>e the follo<span class=\"_ _0\"></span>wing:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  Gain / (loss) on futur<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts <span class=\"_ _1d8\"> </span>1,934 <span class=\"_ _aa\"> </span>(14,<span class=\"_ _0\"></span>166)  Gain / (loss) on for<span class=\"_ _4\"></span>eign exchange f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts <span class=\"_ _fa\"> </span>7<span class=\"_ _1\"></span>,579 <span class=\"_ _c9\"> </span>(189)  T<span class=\"_ _1\"></span>otal <span class=\"_ _c8\"> </span>12,881 <span class=\"_ _1ad\"> </span>(14,355) The v<span class=\"_ _0\"></span>aluation of futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts used for cash flow hedging and r<span class=\"_ _0\"></span>ecognized in other c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (Hedging reserv<span class=\"_ _4\"></span>e) on 31 December 2022 will be r<span class=\"_ _4\"></span>ecognized in profit or los<span class=\"_ _0\"></span>s during the ne<span class=\"_ _0\"></span>xt financial y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>, while<span class=\"_ _8\"></span> the valuation of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change forwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts will be r<span class=\"_ _0\"></span>ecy<span class=\"_ _0\"></span>cled to the c<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tatement of pr<span class=\"_ _4\"></span>ofit or loss<span class=\"_ _8\"></span> during 2023 and 202<span class=\"_ _4\"></span>4, in accordanc<span class=\"_ _0\"></span>e with the maturity dat<span class=\"_ _0\"></span>e of the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es used. 26. Debt<span class=\"_ _8\"></span> A. Overvie<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current liabilities <span class=\"_ _223\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>3,530 <span class=\"_ _163\"> </span>5,791  Unsecured bank loans <span class=\"_ _1e9\"> </span>-  <span class=\"_ _204\"> </span>5,219  Secured bond issues <span class=\"_ _16b\"> </span>32,427 <span class=\"_ _af\"> </span>35,698  Unsecured bond issues <span class=\"_ _224\"> </span>91,204 <span class=\"_ _12e\"> </span>128,233  Loans and borro<span class=\"_ _0\"></span>wings - Long t<span class=\"_ _0\"></span>erm <span class=\"_ _225\"> </span>127<span class=\"_ _1\"></span>,161 <span class=\"_ _12e\"> </span>17<span class=\"_ _4\"></span>4,941  Lease liabilities - Long term <span class=\"_ _226\"> </span>2,233 <span class=\"_ _122\"> </span>2,080  T<span class=\"_ _1\"></span>otal long term debt <span class=\"_ _227\"> </span>129,393 <span class=\"_ _127\"> </span>177<span class=\"_ _4\"></span>,020<span class=\"ff19\"> </span> Current liabilities <span class=\"_ _138\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>8,454 <span class=\"_ _204\"> </span>5,4<span class=\"_ _0\"></span>70  Fact<span class=\"_ _0\"></span>oring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _15c\"> </span>14,638 <span class=\"_ _228\"> </span>7<span class=\"_ _4\"></span>,931  Unsecured bank loans <span class=\"_ _229\"> </span>367<span class=\"_ _1\"></span>,567 <span class=\"_ _aa\"> </span>170,<span class=\"_ _0\"></span>796  Current portion of secur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _3f\"> </span>4,358 <span class=\"_ _204\"> </span>4,385  Current portion of unsecur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _8a\"> </span>71,809 <span class=\"_ _ec\"> </span>18,326  Current portion of secur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22a\"> </span>2,651 <span class=\"_ _204\"> </span>3,058  Current portion of unsecur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22b\"> </span>5,273 <span class=\"_ _e8\"> </span>5,733  Loans and borro<span class=\"_ _0\"></span>wings - Short term <span class=\"_ _22c\"> </span>47<span class=\"_ _1\"></span>4,7<span class=\"_ _4\"></span>49 <span class=\"_ _127\"> </span>215,699  Lease liabilities - Short term <span class=\"_ _72\"> </span>1,224 <span class=\"_ _bc\"> </span>1,216  T<span class=\"_ _1\"></span>otal Short term debt <span class=\"_ _16d\"> </span>475,9<span class=\"_ _0\"></span>72 <span class=\"_ _12e\"> </span>216,915  T<span class=\"_ _1\"></span>otal Debt <span class=\"_ _1e3\"> </span>605,366 <span class=\"_ _1ed\"> </span>393,935<span class=\"ff19\"> </span>Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate, for<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and liquidity risk is included in Note 30<span class=\"_ _0\"></span>. The maturities of non-curr<span class=\"_ _4\"></span>ent loans are as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _156\"> </span>30,67<span class=\"_ _0\"></span>3 <span class=\"_ _12f\"> </span>78,110  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _22d\"> </span>89,593 <span class=\"_ _10b\"> </span>71,19<span class=\"_ _0\"></span>3  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>9,128 <span class=\"_ _12f\"> </span>27<span class=\"_ _1\"></span>,717  T<span class=\"_ _1\"></span>otal <span class=\"_ _c2\"> </span>129,39<span class=\"_ _0\"></span>3 <span class=\"_ _c0\"> </span>177<span class=\"_ _1\"></span>,020 The eff<span class=\"_ _0\"></span>ective w<span class=\"_ _4\"></span>eighted av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates of the main ca<span class=\"_ _0\"></span>tegories of loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings at the r<span class=\"_ _0\"></span>eporting date are as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:  <span class=\"_ _22e\"> </span>31 December 2022 <span class=\"_ _137\"> </span>31 December 20<span class=\"_ _0\"></span>21<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _1bf\"> </span>Carrying amount <span class=\"_ _57\"> </span>Interes<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate <span class=\"_ _db\"> </span>Carrying amount <span class=\"_ _86\"> </span>Interest r<span class=\"_ _0\"></span>ate<span class=\"_ _8\"></span>  Bank lending (non-current) - EUR <span class=\"_ _ec\"> </span>3,530 <span class=\"_ _41\"> </span>2.9% <span class=\"_ _ec\"> </span>11,<span class=\"_ _0\"></span>010 <span class=\"_ _5b\"> </span>2.8%  Bank lending (curr<span class=\"_ _0\"></span>ent) - EUR <span class=\"_ _d0\"> </span>393,29<span class=\"_ _0\"></span>7 <span class=\"_ _13\"> </span>4.6% <span class=\"_ _1ad\"> </span>190,37<span class=\"_ _0\"></span>5 <span class=\"_ _22f\"> </span>3.4%  Bank lending (curr<span class=\"_ _0\"></span>ent) - GBP <span class=\"_ _230\"> </span>-  <span class=\"_ _127\"> </span>-  <span class=\"_ _1db\"> </span>1 <span class=\"_ _22f\"> </span>3.0%  Bank lending (curr<span class=\"_ _0\"></span>ent) - RON <span class=\"_ _116\"> </span>5,285 <span class=\"_ _f0\"> </span>9.7% <span class=\"_ _cb\"> </span>2,613 <span class=\"_ _5b\"> </span>3.8%  Bond issues - EUR <span class=\"_ _231\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _41\"> </span>4.7% <span class=\"_ _a8\"> </span>186,641 <span class=\"_ _5b\"> </span>3.8%During 2022, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries obtained ne<span class=\"_ _0\"></span>w bank loans amounting to EUR 2<span class=\"_ _4\"></span>45.6 million and paid<span class=\"_ _8\"></span> back loans of EUR 38.5 million maturing within the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. New loans ar<span class=\"_ _0\"></span>e mainly: (a) dr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>wns from e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> re<span class=\"_ _4\"></span>volving credit lines and ne<span class=\"_ _4\"></span>w ones that have similar t<span class=\"_ _0\"></span>erms and conditions; (b<span class=\"_ _4\"></span>) project financing facilities, and (<span class=\"_ _0\"></span>c) four ne<span class=\"_ _0\"></span>w long-term loans, described belo<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>.  Loans and borr<span class=\"_ _0\"></span>owings had an a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate of 4.<span class=\"_ _0\"></span>7% (2021: 3.6%), on the r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>. During 2022, the Gr<span class=\"_ _0\"></span>oup obtained the follo<span class=\"_ _0\"></span>wing long-term loans:  - <span class=\"_ _55\"> </span> the cables segment issued thr<span class=\"_ _0\"></span>ee bond loans of total v<span class=\"_ _0\"></span>alue EUR 27 million as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>ulgor enter<span class=\"_ _0\"></span>ed an agr<span class=\"_ _0\"></span>eement with a Greek bank f<span class=\"_ _0\"></span>or a bond loan of EUR 5 million with an initial 5-y<span class=\"_ _4\"></span>ear term<span class=\"_ _8\"></span> from the dat<span class=\"_ _0\"></span>e of signing. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed an agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 7 million t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er capital e<span class=\"_ _0\"></span>xpenditure needs. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed another agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 15 million to co<span class=\"_ _4\"></span>ver cons<span class=\"_ _0\"></span>tant working capital. - <span class=\"_ _55\"> </span>the steel Pipes segment is<span class=\"_ _0\"></span>sued one bond loan of total v<span class=\"_ _0\"></span>alue EUR 7 million: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks entered an agr<span class=\"_ _0\"></span>eement with a major Gr<span class=\"_ _0\"></span>eek bank for a 7<span class=\"_ _0\"></span>-y<span class=\"_ _4\"></span>ear bond loan of EUR 7 million.<span class=\"_ _8\"></span> All the abov<span class=\"_ _4\"></span>e long term bond loans are fully dr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>wn.  In addition, Fulgor has agreed with a major Gr<span class=\"_ _4\"></span>eek bank for a bond loan of EUR 19 million with an initial 7-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear term from the dat<span class=\"_ _0\"></span>e of signing.  On 31 December 20<span class=\"_ _0\"></span>22, an equal amount was r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y the bank as \u2018bridge financing\u2019 and present<span class=\"_ _0\"></span>ed as short-term loan. T<span class=\"_ _0\"></span>he bond loan agr<span class=\"_ _0\"></span>eement is expect<span class=\"_ _0\"></span>ed to be signed during the firs<span class=\"_ _0\"></span>t months of 2023, upon the conclusion of the r<span class=\"_ _4\"></span>elevant negotiations. Short-term facilities ar<span class=\"_ _4\"></span>e predominately r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>olving credit f<span class=\"_ _0\"></span>acilities, funding w<span class=\"_ _0\"></span>orking capital needs, and project financing facilities for specific ongoing and ne<span class=\"_ _4\"></span>w projects. On 31 December 2022, C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _4\"></span>ent liabilities ex<span class=\"_ _0\"></span>ceeded c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _0\"></span>ent assets b<span class=\"_ _0\"></span>y EUR 85.8 million (31 December 2021: EUR 38.2 million).  Ne<span class=\"_ _4\"></span>vertheless, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ha<span class=\"_ _0\"></span>ve ne<span class=\"_ _4\"></span>ver in the past e<span class=\"_ _0\"></span>xperienced an<span class=\"_ _0\"></span>y issues in financing their activities, r<span class=\"_ _0\"></span>enewing their w<span class=\"_ _4\"></span>orking capital lines or refinancing long-term loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings. Management expects tha<span class=\"_ _0\"></span>t any mandat<span class=\"_ _0\"></span>ory repa<span class=\"_ _0\"></span>yment of banking facilities will be met with operating cash flo<span class=\"_ _4\"></span>ws or from curr<span class=\"_ _0\"></span>ently unutilized and c<span class=\"_ _0\"></span>ommitted cr<span class=\"_ _4\"></span>edit lines.  Regarding the funding of project-based activities, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e secured the necessary funds thr<span class=\"_ _0\"></span>ough pr<span class=\"_ _0\"></span>oject finance f<span class=\"_ _0\"></span>acilities. Mortgages in fa<span class=\"_ _4\"></span>vor of banks hav<span class=\"_ _4\"></span>e been recor<span class=\"_ _0\"></span>ded on propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant and equipment of subsidiaries. The carrying amount of assets mortgaged is EUR 4<span class=\"_ _0\"></span>9 million. In the bank loan agreements of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ther<span class=\"_ _0\"></span>e are clauses of change of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol that pr<span class=\"_ _0\"></span>ovide lenders with an early redemption right. Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>as no breach of c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants incident in 2022 on the loans of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. B. Reconciliation of mo<span class=\"_ _4\"></span>vements of liabilities to cash flo<span class=\"_ _4\"></span>ws arising from financing activities  <span class=\"_ _232\"> </span> <span class=\"_ _d\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _80\"> </span> <span class=\"_ _9c\"> </span> 2021<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _5b\"> </span> <span class=\"_ _172\"> </span>Loans &amp; borro<span class=\"_ _0\"></span>wings Lease <span class=\"_ _9\"> </span>liabilities T<span class=\"_ _1\"></span>otal <span class=\"_ _42\"> </span> Loans &amp; <span class=\"_ _c\"> </span>borrowings Lease liabilities<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _12f\"> </span>390<span class=\"_ _0\"></span>,640 <span class=\"_ _199\"> </span>3,296 <span class=\"_ _e9\"> </span>393,935 <span class=\"_ _44\"> </span>406,217 <span class=\"_ _63\"> </span>5,433 <span class=\"_ _35\"> </span>411,650  Changes from financing cash flo<span class=\"_ _0\"></span>ws:<span class=\"ff21\"> <span class=\"_ _233\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _113\"> </span>  <span class=\"_ _40\"> </span>  <span class=\"_ _194\"> </span> <span class=\"_ _6e\"></span> </span> Proc<span class=\"_ _0\"></span>eeds from ne<span class=\"_ _0\"></span>w borr<span class=\"_ _0\"></span>owings <span class=\"_ _a1\"> </span>2<span class=\"_ _0\"></span>45,631 <span class=\"_ _18a\"> </span>-  <span class=\"_ _193\"> </span><span class=\"ff20\">245,6<span class=\"_ _0\"></span>31<span class=\"ff21\"> <span class=\"_ _19a\"> </span>89,315 <span class=\"_ _1c4\"> </span>-  <span class=\"_ _85\"> </span></span>89,315<span class=\"ff21\"> </span></span> Repayment of borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings <span class=\"_ _234\"> </span>(38,533) <span class=\"_ _3e\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff20\">(38,533)</span> <span class=\"_ _89\"> </span>(108,<span class=\"_ _4\"></span>104) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _4b\"> </span><span class=\"ff20\">(108,<span class=\"_ _0\"></span>104)<span class=\"ff21\"> </span></span> Principal elements of lease payments<span class=\"fc6 sc0\"> </span><span class=\"_ _90\"> </span>-  <span class=\"_ _91\"> </span>(1,299) <span class=\"_ _75\"> </span><span class=\"ff20\">(1,299)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _94\"> </span>(1,7<span class=\"_ _4\"></span>47) <span class=\"_ _e9\"> </span><span class=\"ff20\">(1,7<span class=\"_ _1\"></span>47) </span> T<span class=\"_ _1\"></span>otal changes from financing   cash flow<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span>207<span class=\"_ _1\"></span>,098 <span class=\"_ _5e\"> </span>(1,299) <span class=\"_ _193\"> </span>205,799 <span class=\"_ _f6\"> </span>(18,7<span class=\"_ _0\"></span>89) <span class=\"_ _22\"> </span>(1,7<span class=\"_ _1\"></span>47) <span class=\"_ _29\"> </span>(20,536)  Other changes: <span class=\"_ _11c\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _6\"> </span> <span class=\"_ _8b\"> </span> <span class=\"_ _39\"> </span>   New leases <span class=\"_ _236\"> </span>-  <span class=\"_ _9c\"> </span>1,597 <span class=\"_ _44\"> </span><span class=\"ff20\">1,597</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _34\"> </span>909 <span class=\"_ _34\"> </span><span class=\"ff20\">909</span>  Effect of changes in for<span class=\"_ _0\"></span>eign   ex<span class=\"_ _4\"></span>change rates <span class=\"_ _237\"> </span>145 <span class=\"_ _165\"> </span>25 <span class=\"_ _19a\"> </span><span class=\"ff20 ls1b ws79\">170</span><span class=\"wsb2\"> <span class=\"_ _38\"> </span>(75) 6 <span class=\"_ _238\"></span><span class=\"ff20 ws1\">(70) </span></span> Capitalised borro<span class=\"_ _0\"></span>wing cos<span class=\"_ _0\"></span>ts <span class=\"_ _c0\"> </span>344 <span class=\"_ _3e\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff20\">344</span> <span class=\"_ _88\"> </span>522 <span class=\"_ _e2\"> </span>-  <span class=\"_ _4a\"> </span><span class=\"ff20 ls50 ws69\">522</span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense <span class=\"_ _239\"> </span>19,203 <span class=\"_ _1cd\"> </span>226 <span class=\"_ _1a9\"> </span><span class=\"ff20\">19,429</span><span class=\"wsb3\"> <span class=\"_ _19f\"> </span>16,379 20<span class=\"_ _0\"></span>7 <span class=\"_ _1a5\"></span><span class=\"ff20 ws1\">16,585<span class=\"ff21\"> </span></span></span> Inter<span class=\"_ _0\"></span>est paid <span class=\"_ _23a\"> </span>(15,520) <span class=\"_ _92\"> </span>(226) <span class=\"_ _e9\"> </span>(15,7<span class=\"_ _1\"></span>46)<span class=\"ff21 wsb4\"> <span class=\"_ _b\"> </span>(14,288) (207) <span class=\"_ _23b\"></span><span class=\"ff20 ws1\">(14,495) </span></span> T<span class=\"_ _1\"></span>erminations <span class=\"_ _47\"> </span>-  <span class=\"_ _9c\"> </span>(192) <span class=\"_ _44\"> </span><span class=\"ff20\">(192)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _89\"> </span>(173) <span class=\"_ _3c\"> </span><span class=\"ff20\">(173) </span> Modifications <span class=\"_ _23c\"> </span>-  <span class=\"_ _197\"> </span>31 <span class=\"_ _18d\"> </span><span class=\"ff20\">31</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span><span class=\"ff20\">- <span class=\"_ _1\"></span><span class=\"ff21\"> </span></span> Other mov<span class=\"_ _4\"></span>ement  <span class=\"_ _23d\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span> <span class=\"_ _165\"> </span>(459) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff20\">(459) </span> Reclassifications <span class=\"_ _23e\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span><span class=\"wsb5\"> <span class=\"_ _35\"> </span>1,<span class=\"_ _0\"></span>132 (1,<span class=\"_ _0\"></span>132) <span class=\"_ _7c\"> </span><span class=\"ff20 ws1\">- <span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span> <span class=\"_ _23f\"> </span>4,<span class=\"_ _0\"></span>172 <span class=\"_ _9\"> </span>1,460 <span class=\"_ _c\"> </span>5,632 <span class=\"_ _8b\"> </span>3,212 <span class=\"_ _39\"> </span>(391) 2,821  Balance on 31 December <span class=\"_ _20f\"> </span>601,909 <span class=\"_ _9c\"> </span>3,45<span class=\"_ _0\"></span>7 <span class=\"_ _80\"> </span>605,366 <span class=\"_ _9c\"> </span>390,640 <span class=\"_ _3c\"> </span>3,296 <span class=\"_ _8d\"> </span>393,9<span class=\"_ _0\"></span>3527<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rade and other pa<span class=\"_ _0\"></span>yables  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Suppliers <span class=\"_ _1d8\"> </span> <span class=\"_ _12e\"> </span>282,855 <span class=\"_ _122\"> </span>169,388  Notes pay<span class=\"_ _4\"></span>able <span class=\"_ _240\"> </span> <span class=\"_ _1d4\"> </span>216,958 <span class=\"_ _cb\"> </span>214,722  Social security contributions <span class=\"_ _1b9\"> </span>11 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _147\"> </span>2,366  Amounts due to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _f\"> </span>35 <span class=\"_ _c9\"> </span>11,578 <span class=\"_ _102\"> </span>12,525  Sundry credit<span class=\"_ _0\"></span>ors <span class=\"_ _3f\"> </span> <span class=\"_ _111\"> </span>4,059 <span class=\"_ _d0\"> </span>2,932  Ac<span class=\"_ _0\"></span>crued expenses <span class=\"_ _241\"> </span> <span class=\"_ _c7\"> </span>25,731 <span class=\"_ _228\"> </span>17<span class=\"_ _4\"></span>,990  Other taxes <span class=\"_ _1aa\"> </span> <span class=\"_ _11f\"> </span>4,611 <span class=\"_ _11f\"> </span>2,699  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _221\"> </span>549,283 <span class=\"_ _ad\"> </span>422,622 The caption \u2018not<span class=\"_ _0\"></span>es pay<span class=\"_ _0\"></span>ables\u2019 in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e conc<span class=\"_ _0\"></span>erns structur<span class=\"_ _0\"></span>ed pay<span class=\"_ _4\"></span>able arrangements relat<span class=\"_ _0\"></span>ed to pur<span class=\"_ _4\"></span>chases of<span class=\"_ _8\"></span> primary ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials, such as copper<span class=\"_ _1\"></span>, steel etc. whose pa<span class=\"_ _0\"></span>yment periods can be longer than usual for such supplies 30.<span class=\"_\"> </span>Financial ins<span class=\"_ _0\"></span>trumentsA.<span class=\"_\"> </span>Ac<span class=\"_ _0\"></span>counting clas<span class=\"_ _0\"></span>sifications and fair v<span class=\"_ _0\"></span>aluesThe f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the carrying amounts and fair values of financial as<span class=\"_ _0\"></span>sets and financial liabilities, including the lev<span class=\"_ _4\"></span>els in the fair value hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 31/12/2022  Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _114\"> </span>6,308 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _1f8\"> </span>6,308 <span class=\"_ _8f\"> </span><span class=\"ff1a\">6,308</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _123\"> </span>16,612 <span class=\"_ _90\"> </span>463 <span class=\"_ _71\"> </span>16,14<span class=\"_ _0\"></span>9 <span class=\"_ _1bf\"> </span>- <span class=\"_ _165\"> </span><span class=\"ff1a\">16,612</span> 22,920 <span class=\"_ _7a\"> </span>463 <span class=\"_ _4c\"> </span>16,<span class=\"_ _4\"></span>149 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _46\"> </span>22,920  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _10b\"> </span>(10,<span class=\"_ _0\"></span>790) <span class=\"_ _71\"> </span>(956) <span class=\"_ _92\"> </span>(9,833) <span class=\"_ _22f\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a\">(10,790) </span>12,<span class=\"_ _0\"></span>130 <span class=\"_ _1c2\"> </span>(493) <span class=\"_ _46\"> </span>6,315 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _165\"> </span>12,<span class=\"_ _0\"></span>13031/12/2021 <span class=\"_ _245\"> </span> <span class=\"_ _3e\"> </span>   Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _1b3\"> </span>5,812 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _e4\"> </span>5,812 <span class=\"_ _1be\"> </span><span class=\"ff1a\">5,812</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _246\"> </span>1,480 <span class=\"_ _174\"> </span>- <span class=\"_ _18d\"> </span>536 <span class=\"_ _fb\"> </span>944 <span class=\"_ _18d\"> </span><span class=\"ff1a\">1,480</span>   <span class=\"_ _247\"> </span>7<span class=\"_ _1\"></span>,293 <span class=\"_ _1fb\"> </span>- <span class=\"_ _18b\"> </span>536 <span class=\"_ _46\"> </span>6,756 <span class=\"_ _fb\"> </span>7<span class=\"_ _1\"></span>,293  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _228\"> </span>(2,596) <span class=\"_ _33\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _1fa\"> </span>(1,397) <span class=\"_ _1bf\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">(2,596) </span>  <span class=\"_ _248\"> </span>4,697 <span class=\"_ _f6\"> </span>(1,199) <span class=\"_ _1f8\"> </span>(861) <span class=\"_ _18f\"> </span>6,756 <span class=\"_ _8f\"> </span>4,69<span class=\"_ _0\"></span>7The v<span class=\"_ _0\"></span>arious le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els are as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1: Quoted prices (unadjust<span class=\"_ _0\"></span>ed) in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or identical assets and liabilities. \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2: Inputs that are observ<span class=\"_ _0\"></span>able either directly or indir<span class=\"_ _4\"></span>ectly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3: Unobservable inputs for assets and liabilities. The f<span class=\"_ _0\"></span>air value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing financial assets and liabilities measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t appro<span class=\"_ _4\"></span>ximate their carrying amount: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>Cash and cash equiv<span class=\"_ _4\"></span>alents;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>oans and borro<span class=\"_ _4\"></span>wings.<span class=\"_ _8\"></span>  Specifically<span class=\"_ _4\"></span>, the carrying amount of loans and borro<span class=\"_ _4\"></span>wings is considered as a good appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximation of their fair v<span class=\"_ _4\"></span>alue<span class=\"_ _8\"></span> as: \u2022 <span class=\"_ _23\"> </span>9<span class=\"_ _0\"></span>3.8% of consolidat<span class=\"_ _0\"></span>ed loans and borr<span class=\"_ _0\"></span>owings c<span class=\"_ _0\"></span>oncern floating-r<span class=\"_ _4\"></span>ate debt, which are a v<span class=\"_ _4\"></span>ery good approximation of current mark<span class=\"_ _4\"></span>et rates; \u2022 <span class=\"_ _23\"> </span>As f<span class=\"_ _0\"></span>or fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate ins<span class=\"_ _0\"></span>truments (EUR 36.8 million on 31 Dec 2022), the fair v<span class=\"_ _4\"></span>alue test based on current mark<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>ates indicates that their f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue determined to EUR 38.2 million.  The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation bet<span class=\"_ _0\"></span>ween opening and closing balanc<span class=\"_ _0\"></span>es for L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 financial assets,<span class=\"_ _8\"></span> which are clas<span class=\"_ _0\"></span>sified as Equity inv<span class=\"_ _4\"></span>estments at:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _249\"> </span>5,812 <span class=\"_ _204\"> </span>5,657  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 B. Measurement of fair v<span class=\"_ _4\"></span>alues<span class=\"_ _8\"></span> a) V<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echniques and significant unobserv<span class=\"_ _0\"></span>able inputs The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e traded in activ<span class=\"_ _4\"></span>e markets (st<span class=\"_ _0\"></span>ock mark<span class=\"_ _0\"></span>ets) (<span class=\"_ _4\"></span>e.g. derivativ<span class=\"_ _4\"></span>es such as futures, shares, bonds, mutual funds<span class=\"_ _0\"></span>) ar<span class=\"_ _0\"></span>e set acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the published prices (L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1 inputs) that are v<span class=\"_ _4\"></span>alid on the reporting date. T<span class=\"_ _4\"></span>he fair value of financial assets is det<span class=\"_ _0\"></span>ermined by their off<span class=\"_ _0\"></span>er price<span class=\"_ _0\"></span>, while the fair v<span class=\"_ _0\"></span>alue of financial liabilities is determined b<span class=\"_ _0\"></span>y their bid price<span class=\"_ _0\"></span>.  The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e not traded in activ<span class=\"_ _4\"></span>e markets are det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valua<span class=\"_ _0\"></span>tion techniques and standar<span class=\"_ _0\"></span>ds that ar<span class=\"_ _0\"></span>e based on market data on the r<span class=\"_ _4\"></span>eporting date. The f<span class=\"_ _0\"></span>air values of financial liabilities, f<span class=\"_ _0\"></span>or the purpose of being r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in Financial Stat<span class=\"_ _0\"></span>ements, are es<span class=\"_ _0\"></span>timated based on the present v<span class=\"_ _4\"></span>alue of the future cash flow<span class=\"_ _0\"></span>s that arise fr<span class=\"_ _0\"></span>om specific contr<span class=\"_ _0\"></span>acts using the curr<span class=\"_ _0\"></span>ent inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate tha<span class=\"_ _0\"></span>t is av<span class=\"_ _0\"></span>ailable for C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies for the use of similar financial cr<span class=\"_ _4\"></span>edit means.<span class=\"_ _8\"></span> Inputs that do not meet the respectiv<span class=\"_ _4\"></span>e criteria and cannot be classified in Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 1 but are observ<span class=\"_ _4\"></span>able, either directly or indirectly<span class=\"_ _1\"></span>, fall under Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2. Ov<span class=\"_ _0\"></span>er-the-count<span class=\"_ _0\"></span>er deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments based on prices obtained fr<span class=\"_ _0\"></span>om brok<span class=\"_ _4\"></span>ers are classified in this lev<span class=\"_ _4\"></span>el.<span class=\"_ _8\"></span>  The financial assets, such as unlis<span class=\"_ _0\"></span>ted shar<span class=\"_ _0\"></span>es or option schemes that ar<span class=\"_ _0\"></span>e not tr<span class=\"_ _0\"></span>aded in an activ<span class=\"_ _0\"></span>e market whose measurement is based either on the C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies\u2019 for<span class=\"_ _0\"></span>ecasts f<span class=\"_ _0\"></span>or the issuer\u2019s futur<span class=\"_ _0\"></span>e profitabilit<span class=\"_ _0\"></span>y or on other widely acceptable method ar<span class=\"_ _4\"></span>e classified under Lev<span class=\"_ _4\"></span>el 3.<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the valuation techniques used in measuring f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alues, as well as the significant unobservable inputs used:  <span class=\"_ _112\"> </span> <span class=\"_ _1b8\"> </span>T<span class=\"_ _4\"></span>ype <span class=\"_ _13b\"> </span> V<span class=\"_ _4\"></span>aluation technique Significant unobserv<span class=\"_ _0\"></span>able inputs Int<span class=\"_ _0\"></span>er-relationship <span class=\"_ _8\"></span>between<span class=\"_ _8\"></span>  ke<span class=\"_ _4\"></span>y unobservable inputs<span class=\"_ _d\"></span> <span class=\"_ _1\"></span> and fair v<span class=\"_ _0\"></span>alue measurement<span class=\"_ _8\"></span>  Forw<span class=\"_ _0\"></span>ards <span class=\"_ _1be\"> </span> ex<span class=\"_ _4\"></span>change <span class=\"_ _194\"> </span> contr<span class=\"_ _0\"></span>acts <span class=\"_ _1be\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Market comparis<span class=\"_ _0\"></span>on technique: The fair v<span class=\"_ _0\"></span>alues are based on  broker quotes. Similar c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts  are traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et and  the quotes reflect the actual  transactions in similar instruments Broker quotes Not applicable  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate  <span class=\"_ _1fa\"> </span> swap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts <span class=\"_ _91\"> </span> <span class=\"_ _103\"> </span>Discounting of the future cash flo<span class=\"_ _0\"></span>wsusing the interest r<span class=\"_ _0\"></span>ate curv<span class=\"_ _4\"></span>es at  the reporting date and the cr<span class=\"_ _0\"></span>edit  risk inherent in the contr<span class=\"_ _0\"></span>act Credit risk data Not applicable  Future c<span class=\"_ _0\"></span>ontracts  <span class=\"_ _103\"> </span><span class=\"ff1c\">Market value</span>: Pric<span class=\"_ _0\"></span>e as traded in active market Not applicable   Not applicable  Equity securities  not traded in <span class=\"_ _34\"> </span> active mark<span class=\"_ _0\"></span>ets <span class=\"_ _9d\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Adjust<span class=\"_ _0\"></span>ed Net Asset Me<span class=\"_ _0\"></span>thod: Acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o this method the  Group adjus<span class=\"_ _0\"></span>ts the book values  of an investment\u2019<span class=\"_ _0\"></span>s assets and  liabilities, if and when necessary<span class=\"_ _4\"></span>,  to arrive at their f<span class=\"_ _0\"></span>air market v<span class=\"_ _0\"></span>alue  at the time of valuation  In<span class=\"_ _0\"></span>vestmen<span class=\"_ _0\"></span>t in No<span class=\"_ _0\"></span>val Propert<span class=\"_ _0\"></span>y: Nov<span class=\"_ _0\"></span>al Property is a r<span class=\"_ _4\"></span>eal estate company follo<span class=\"_ _4\"></span>wing fair value  model to value its as<span class=\"_ _0\"></span>sets.  Therefor<span class=\"_ _4\"></span>e, net assets is  considered a r<span class=\"_ _0\"></span>eliable metric  for the estimation of fair  value of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estmentThe es<span class=\"_ _0\"></span>timated f<span class=\"_ _0\"></span>air value  w<span class=\"_ _0\"></span>ould increase (<span class=\"_ _4\"></span>decrease)  based on the fair v<span class=\"_ _0\"></span>alue of  underlying pr<span class=\"_ _0\"></span>operties  b) T<span class=\"_ _1\"></span>ransf<span class=\"_ _0\"></span>ers between L<span class=\"_ _4\"></span>ev<span class=\"_ _0\"></span>els 1 and 2 Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ere no tr<span class=\"_ _4\"></span>ansfers from Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2 to L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vel 1 or fr<span class=\"_ _4\"></span>om Lev<span class=\"_ _0\"></span>el 1 to L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2 in 2022 and no transfers in either dir<span class=\"_ _0\"></span>ection in 2021. C. Financial risk management  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit, liquidity and mark<span class=\"_ _0\"></span>et risk due to the use of its financial instruments. This Not<span class=\"_ _0\"></span>e sets forth inf<span class=\"_ _0\"></span>ormation on their e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o each one of the abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e risks, their objectiv<span class=\"_ _0\"></span>es, the policies and proc<span class=\"_ _0\"></span>edur<span class=\"_ _0\"></span>es applied to risk measur<span class=\"_ _0\"></span>ement and management and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Capital Management (Note 25). Risk management policies are applied t<span class=\"_ _0\"></span>o identify and analyse the risks f<span class=\"_ _0\"></span>acing Cener<span class=\"_ _0\"></span>gy Holdings and its companies, set risk-taking limits and apply r<span class=\"_ _4\"></span>elevant c<span class=\"_ _0\"></span>ontrol s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tems. T<span class=\"_ _0\"></span>he risk management policies and r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant syst<span class=\"_ _0\"></span>ems are ex<span class=\"_ _0\"></span>amined fr<span class=\"_ _0\"></span>om time to time so as t<span class=\"_ _0\"></span>o take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any changes in the mark<span class=\"_ _0\"></span>et and the companies\u2019 activities. The implementation of risk management policies and pr<span class=\"_ _4\"></span>ocedures is monitor<span class=\"_ _4\"></span>ed by the Internal Audit Function, which performs r<span class=\"_ _0\"></span>ecurring and non-recurring audits while the r<span class=\"_ _4\"></span>esults of such audits are notified to the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors. C.<span class=\"_ _4\"></span>1. Credit risk<span class=\"_ _8\"></span> Credit risk is the risk of the financial los<span class=\"_ _0\"></span>s to Cener<span class=\"_ _4\"></span>gy Holdings if a customer or counterpart<span class=\"_ _0\"></span>y to a financial instrument fails to meet its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual obligations and arises principally fr<span class=\"_ _0\"></span>om the companies\u2019 r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables from customers and contr<span class=\"_ _0\"></span>act assets &amp; deposits with banks. The carrying amount of financial assets r<span class=\"_ _4\"></span>epresents the maximum credit e<span class=\"_ _4\"></span>xposure.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note  <span class=\"_ _c9\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Curr<span class=\"_ _0\"></span>ent <span class=\"_ _231\"> </span>15 <span class=\"_ _1d4\"> </span>192,769 <span class=\"_ _ec\"> </span>132,<span class=\"_ _0\"></span>040  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Non-curr<span class=\"_ _0\"></span>ent <span class=\"_ _1de\"> </span>15 <span class=\"_ _107\"> </span>1,227 <span class=\"_ _104\"> </span>1,<span class=\"_ _0\"></span>177  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _1ba\"> </span>7<span class=\"_ _4\"></span>.D <span class=\"_ _b5\"> </span>195,481 <span class=\"_ _102\"> </span>98,217  <span class=\"ff1c\">L<span class=\"_ _0\"></span>ess: </span> Other down pa<span class=\"_ _4\"></span>yments <span class=\"_ _24c\"> </span>15 <span class=\"_ _cb\"> </span>(3,17<span class=\"_ _0\"></span>8) <span class=\"_ _d0\"> </span>(624)  T<span class=\"_ _1\"></span>ax assets <span class=\"_ _ae\"> </span>15 <span class=\"_ _118\"> </span>(11,<span class=\"_ _0\"></span>610) <span class=\"_ _118\"> </span>(14,4<span class=\"_ _4\"></span>76)  Other receiv<span class=\"_ _0\"></span>ables <span class=\"_ _24d\"> </span>15 <span class=\"_ _af\"> </span>(18,910) <span class=\"_ _163\"> </span>(4,716)  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _12e\"> </span>355,77<span class=\"_ _0\"></span>8 <span class=\"_ _111\"> </span>211,617  Equity inv<span class=\"_ _4\"></span>estments at FVOCI  <span class=\"_ _24b\"> </span>22 <span class=\"_ _111\"> </span>6,308 <span class=\"_ _109\"> </span>5,812  Cash and cash equivalents <span class=\"_ _171\"> </span>16 <span class=\"_ _a6\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>160 <span class=\"_ _ec\"> </span>129,606  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _153\"> </span>23 <span class=\"_ _111\"> </span>16,612 <span class=\"_ _10e\"> </span>1,480  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _b3\"> </span>190,0<span class=\"_ _0\"></span>79 <span class=\"_ _ec\"> </span>136,899  Grand t<span class=\"_ _0\"></span>otal <span class=\"_ _24e\"> </span> <span class=\"_ _aa\"> </span>545,857 <span class=\"_ _ec\"> </span>348,516 a) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 On 31 December<span class=\"_ _1\"></span>, the aging of trade and other rec<span class=\"_ _0\"></span>eivables tha<span class=\"_ _0\"></span>t wer<span class=\"_ _4\"></span>e not impaired was as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Neither past due nor impaired <span class=\"_ _1d9\"> </span>343,965 <span class=\"_ _b3\"> </span>196,7<span class=\"_ _4\"></span>49  Over<span class=\"_ _0\"></span>due  - Up to 6 months <span class=\"_ _152\"> </span>10,800 <span class=\"_ _ec\"> </span>13,687  - Over 6 months <span class=\"_ _255\"> </span>1,013 <span class=\"_ _ce\"> </span>1,<span class=\"_ _0\"></span>182  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 Subsidiaries\u2019 management believ<span class=\"_ _4\"></span>es that the amounts that are past due up t<span class=\"_ _0\"></span>o 6 months and o<span class=\"_ _0\"></span>ver 6 months ar<span class=\"_ _4\"></span>e still<span class=\"_ _8\"></span> collectible in full, based on hist<span class=\"_ _0\"></span>orical payment beha<span class=\"_ _0\"></span>viour and e<span class=\"_ _0\"></span>xtensiv<span class=\"_ _4\"></span>e analysis of customer cr<span class=\"_ _0\"></span>edit risk, including underlying customers\u2019 cr<span class=\"_ _4\"></span>edit ratings, if they ar<span class=\"_ _4\"></span>e available. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, the remaining r<span class=\"_ _4\"></span>eceivables past due but not impair<span class=\"_ _0\"></span>ed mainly r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o leading industrial gr<span class=\"_ _0\"></span>oups, major public and priva<span class=\"_ _0\"></span>te utilities and major r<span class=\"_ _0\"></span>esellers. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies insur<span class=\"_ _0\"></span>e the majority of their r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables for default. On 31 December 2022, 85.9% of the balances o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed by c<span class=\"_ _0\"></span>ounterparties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed. The mo<span class=\"_ _4\"></span>vement in impairment of trade and other r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets is as follow<span class=\"_ _0\"></span>s:  <span class=\"_ _1d3\"> </span> 2022 <span class=\"_ _8b\"> </span> <span class=\"_ _f3\"> </span> 2021 <span class=\"_ _29\"> </span>  <span class=\"_ _120\"> </span> Amounts in EUR thousand <span class=\"_ _fb\"> </span>T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _4\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _0\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _d0\"> </span>26,031 <span class=\"_ _46\"> </span>318 <span class=\"_ _193\"> </span>26,349 <span class=\"_ _e4\"> </span>24,390 <span class=\"_ _9a\"> </span>143 <span class=\"_ _64\"> </span>24,533  Impairment loss rec<span class=\"_ _0\"></span>ognized <span class=\"_ _221\"> </span>450 <span class=\"_ _18b\"> </span>12 <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463<span class=\"_ _8\"></span></span><span class=\"wsbd\"> <span class=\"_ _35\"> </span>46 175 <span class=\"_ _30\"></span><span class=\"ff1a ws1\">220<span class=\"ff19\"> </span></span></span> Impairment loss re<span class=\"_ _4\"></span>versed <span class=\"_ _b7\"> </span>(38) <span class=\"_ _83\"> </span>(127) <span class=\"_ _3c\"> </span><span class=\"ff1a\">(165)</span><span class=\"wsbe\"> <span class=\"_ _5\"> </span>(168) - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">(168) </span></span> Rev<span class=\"_ _0\"></span>ersal of / (Impairment loss<span class=\"_ _0\"></span>)   on receiv<span class=\"_ _0\"></span>ables and contract as<span class=\"_ _0\"></span>sets <span class=\"_ _40\"> </span>412 <span class=\"_ _4c\"> </span>(115) <span class=\"_ _83\"> </span><span class=\"ff1a ls50 ws69\">297</span><span class=\"wsbf\"> <span class=\"_ _258\"> </span>(122) 175 <span class=\"_ _1\"></span><span class=\"ff1a ls85 ws6d\">53<span class=\"ff1c ls5 ws1\"> </span></span></span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _20c\"> </span>(153) <span class=\"_ _3e\"> </span>- <span class=\"_ _3c\"> </span><span class=\"ff1a\">(153)</span><span class=\"wsbe\"> <span class=\"_ _2b\"> </span>(14) - <span class=\"_ _238\"></span><span class=\"ff1a ws1\">(14) </span></span> For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _234\"> </span>1,255 <span class=\"_ _3e\"> </span>- <span class=\"_ _25a\"> </span><span class=\"ff1a\">1,255</span><span class=\"wsbe\"> <span class=\"_ _c\"> </span>1,<span class=\"_ _0\"></span>777 - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">1,777 </span></span> Balance on 31 December <span class=\"_ _221\"> </span>27<span class=\"_ _4\"></span>,545 <span class=\"_ _43\"> </span>203 <span class=\"_ _4e\"> </span>27<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>48 <span class=\"_ _8f\"> </span>26,031 <span class=\"_ _43\"> </span>318 <span class=\"_ _193\"> </span>26,349The allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ance for e<span class=\"_ _4\"></span>xpected credit losses f<span class=\"_ _0\"></span>or trade r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets are calculated a<span class=\"_ _0\"></span>t individual lev<span class=\"_ _4\"></span>el<span class=\"_ _8\"></span> when there is an indication of impairment. F<span class=\"_ _4\"></span>or receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets without an<span class=\"_ _0\"></span>y indication of impairment the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e based on the historical cr<span class=\"_ _4\"></span>edit loss experience c<span class=\"_ _0\"></span>ombined with forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-looking information in macr<span class=\"_ _0\"></span>oeconomic f<span class=\"_ _0\"></span>actors eff<span class=\"_ _0\"></span>ecting the credit risk, such as c<span class=\"_ _0\"></span>ountry risk and cust<span class=\"_ _0\"></span>omers\u2019 industry r<span class=\"_ _0\"></span>elated risks. The rising inflation and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e also tak<span class=\"_ _0\"></span>en into consider<span class=\"_ _4\"></span>ation when calculating expected cr<span class=\"_ _4\"></span>edit<span class=\"_ _8\"></span> losses for the curr<span class=\"_ _0\"></span>ent y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, without any significant impact on the impairment loss rec<span class=\"_ _0\"></span>ognized. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 b) Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies held cash and cash equiv<span class=\"_ _0\"></span>alents of EUR 16<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,160 thousand on 31 Dec<span class=\"_ _0\"></span>ember 2022. The cash and cash equiv<span class=\"_ _0\"></span>alents ar<span class=\"_ _0\"></span>e held with bank and financial institution count<span class=\"_ _0\"></span>erparties, which ar<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ted fr<span class=\"_ _0\"></span>om AA<span class=\"_ _4\"></span>-<span class=\"_ _8\"></span> to B based on r<span class=\"_ _0\"></span>atings of Fitch. C.2. Liquidity risk Liquidity risk is the risk that Cener<span class=\"_ _0\"></span>gy Holdings and its companies will enc<span class=\"_ _0\"></span>ounter difficult<span class=\"_ _0\"></span>y in meeting the obligations associated with its financial liabilities tha<span class=\"_ _0\"></span>t are set<span class=\"_ _0\"></span>tled by deliv<span class=\"_ _4\"></span>ering cash or another financial asset. The approach t<span class=\"_ _0\"></span>o manage liquidity is to ensur<span class=\"_ _0\"></span>e, as much as pos<span class=\"_ _0\"></span>sible, that the<span class=\"_ _0\"></span>y will hav<span class=\"_ _4\"></span>e sufficient liquidity to meet their liabilities when they ar<span class=\"_ _4\"></span>e due, under both normal and stressed c<span class=\"_ _0\"></span>onditions, without incurring unacc<span class=\"_ _0\"></span>eptable losses or risking damage to their r<span class=\"_ _0\"></span>eputation. In order t<span class=\"_ _0\"></span>o av<span class=\"_ _4\"></span>oid liquidity risks, Cenergy Holdings and its c<span class=\"_ _0\"></span>ompanies estimat<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws for the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing year when pr<span class=\"_ _4\"></span>eparing their annual budget and monitor the monthly rolling cash flo<span class=\"_ _0\"></span>w for<span class=\"_ _0\"></span>ecast f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing quarter<span class=\"_ _1\"></span>, to ensure sufficient cash on hand to meet their oper<span class=\"_ _4\"></span>ating needs, including cov<span class=\"_ _4\"></span>erage of their financial obligations. This policy does not tak<span class=\"_ _4\"></span>e into account the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant eff<span class=\"_ _0\"></span>ect fr<span class=\"_ _0\"></span>om extr<span class=\"_ _4\"></span>eme unforeseeable conditions. Steelmet S.A., an affiliat<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, monitors cash needs of Cenergy Holdings c<span class=\"_ _0\"></span>ompanies and centr<span class=\"_ _0\"></span>ally agr<span class=\"_ _0\"></span>ees financing terms with cr<span class=\"_ _0\"></span>edit institutions in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _4\"></span>oad.<span class=\"_ _8\"></span> Exposure to liquidity risk Financial liabilities and derivativ<span class=\"_ _4\"></span>es based on contractual maturity ar<span class=\"_ _4\"></span>e broken do<span class=\"_ _4\"></span>wn as follows:  31/12/2022 <span class=\"_ _1ab\"> </span>C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  <span class=\"_ _175\"> </span> Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _64\"> </span>402,<span class=\"_ _4\"></span>112 402,691 <span class=\"_ _dc\"> </span>531 <span class=\"_ _4f\"> </span>956 <span class=\"_ _51\"> </span>26 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">404,204<span class=\"ff19 ls5 ws1\"> </span></span> Bond issues <span class=\"_ _25c\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _1cf\"> </span>80,891 <span class=\"_ _2c\"> </span>32,778 <span class=\"_ _b\"> </span>93,610 9,487 <span class=\"_ _1a\"></span><span class=\"ff1a ws6a\">216,766<span class=\"ff19 ls5 ws1\"> </span></span> Lease liabilities <span class=\"_ _25d\"> </span><span class=\"ff1a ws6a\">3,457</span> <span class=\"_ _b\"> </span>1,625 <span class=\"_ _7\"> </span>796 1,<span class=\"_ _0\"></span>126 <span class=\"_ _54\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,54<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _198\"> </span><span class=\"ff1a lsff wsc3\">10,79<span class=\"_ _8\"></span>0</span> 10,790 <span class=\"_ _5d\"> </span>- <span class=\"_ _5f\"> </span>- <span class=\"_ _2b\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a lsff wsc3\">1<span class=\"_ _8\"></span>0,790<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _ec\"> </span>541,<span class=\"_ _0\"></span>181 541,<span class=\"_ _4\"></span>181 <span class=\"_ _5d\"> </span>- <span class=\"_ _76\"> </span>- <span class=\"_ _2c\"> </span>- <span class=\"_ _238\"></span><span class=\"ff1a ws6a\">541,<span class=\"_ _0\"></span>181<span class=\"ff19 ls5 ws1\"> </span></span>  <span class=\"_ _232\"> </span>1,15<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,337 <span class=\"_ _89\"> </span>1,<span class=\"_ _0\"></span>037<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>178 <span class=\"_ _f6\"> </span>34,104 <span class=\"_ _db\"> </span>95,693 <span class=\"_ _3c\"> </span>9,512 <span class=\"_ _5d\"> </span>1,<span class=\"_ _0\"></span>176,48731/12/2021 <span class=\"_ _25e\"> </span>Contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span> <span class=\"_ _175\"> </span>Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _78\"> </span><span class=\"ff1a ws6a\">203,998</span><span class=\"wsc6\"> <span class=\"_ _5\"> </span>197<span class=\"_ _1\"></span>,271 <span class=\"_ _39\"> </span>9,057 3,269 <span class=\"_ _d\"></span>128 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">209,725<span class=\"ff19 ls5 ws1\"> </span></span></span> Bond issues <span class=\"_ _126\"> </span><span class=\"ff1a ws6a\">186,641</span><span class=\"wsc7\"> <span class=\"_ _4b\"> </span>28,065 <span class=\"_ _4f\"> </span>75,683 <span class=\"_ _6\"> </span>76,230 28,413 <span class=\"_ _32\"></span><span class=\"ff1a ws6a\">208,391<span class=\"ff19 ls5 ws1\"> </span></span></span> Lease liabilities <span class=\"_ _25f\"> </span><span class=\"ff1a ws6a\">3,296</span><span class=\"wsc8\"> <span class=\"_ _19f\"> </span>1,665 1,046 <span class=\"_ _38\"> </span>756 <span class=\"_ _4d\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,467<span class=\"ff19 ls5 ws1\"> </span></span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _185\"> </span><span class=\"ff1a ws6a\">2,596</span><span class=\"wsc9\"> 2,596 <span class=\"_ _9b\"> </span>- <span class=\"_ _4b\"> </span>- <span class=\"_ _c\"> </span>- <span class=\"_ _1a6\"></span><span class=\"ff1a ws6a\">2,596<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _af\"> </span>417<span class=\"_ _4\"></span>,557<span class=\"ff19 wsca\"> 4<span class=\"_ _0\"></span>17<span class=\"_ _4\"></span>,557 <span class=\"_ _78\"> </span>- <span class=\"_ _5d\"> </span>- <span class=\"_ _23\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a ws6a\">417<span class=\"_ _1\"></span>,557<span class=\"ff19 ls5 ws1\"> </span></span></span>  <span class=\"_ _144\"> </span>814,089 <span class=\"_ _1fa\"> </span>647<span class=\"_ _1\"></span>,154 <span class=\"_ _f6\"> </span>85,785 <span class=\"_ _db\"> </span>80,256 <span class=\"_ _e9\"> </span>28,542 <span class=\"_ _80\"> </span>84<span class=\"_ _0\"></span>1,7<span class=\"_ _0\"></span>36Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e loans containing non-financial c<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>enants. A breach of such co<span class=\"_ _4\"></span>venants may requir<span class=\"_ _4\"></span>e companies to repa<span class=\"_ _0\"></span>y loans earlier than indicat<span class=\"_ _0\"></span>ed in the abov<span class=\"_ _4\"></span>e table. Under the existing loan agr<span class=\"_ _4\"></span>eements,<span class=\"_ _8\"></span> co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>eported r<span class=\"_ _0\"></span>egularly to management t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e complianc<span class=\"_ _0\"></span>e. Curr<span class=\"_ _0\"></span>ently<span class=\"_ _4\"></span>, there ar<span class=\"_ _4\"></span>e no<span class=\"_ _8\"></span> financial co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants (i.e<span class=\"_ _0\"></span>., r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o certain financial r<span class=\"_ _0\"></span>atio le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els) in e<span class=\"_ _4\"></span>xisting loan agreements. C.3. Market risk Market risk is the risk that changes in mark<span class=\"_ _4\"></span>et prices \u2013 such as commodity prices, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change rates and int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>es - will affect C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies\u2019 income or the v<span class=\"_ _4\"></span>alue of their financial instruments. Cenergy Holdings\u2019 companies use deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es to manage mark<span class=\"_ _4\"></span>et risk. Generally<span class=\"_ _4\"></span>, they seek t<span class=\"_ _0\"></span>o apply hedge acc<span class=\"_ _0\"></span>ounting to manage vola<span class=\"_ _0\"></span>tility in pr<span class=\"_ _0\"></span>ofit or loss. a) Currency risk:  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to curr<span class=\"_ _0\"></span>ency risk in r<span class=\"_ _0\"></span>elation to the sales and pur<span class=\"_ _4\"></span>chases carried out<span class=\"_ _8\"></span> and the loans issued in a curr<span class=\"_ _0\"></span>ency other than the functional curr<span class=\"_ _0\"></span>ency of Cener<span class=\"_ _0\"></span>gy Holdings and its companies, which is mainly EUR.  The most important curr<span class=\"_ _4\"></span>encies in which these transactions are e<span class=\"_ _4\"></span>xecuted ar<span class=\"_ _0\"></span>e EUR, USD and GBP<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Over time<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hedge the gr<span class=\"_ _4\"></span>eatest part of their estimated e<span class=\"_ _4\"></span>xposure to for<span class=\"_ _4\"></span>eign currencies in relation t<span class=\"_ _0\"></span>o the anticipat<span class=\"_ _0\"></span>ed sales and purchases, as w<span class=\"_ _4\"></span>ell as to the receiv<span class=\"_ _4\"></span>ables and liabilities in foreign curr<span class=\"_ _0\"></span>ency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Their main instruments used t<span class=\"_ _0\"></span>o deal with FX risk ar<span class=\"_ _0\"></span>e forw<span class=\"_ _0\"></span>ard c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts, agr<span class=\"_ _0\"></span>eed with ext<span class=\"_ _0\"></span>ernal count<span class=\"_ _0\"></span>erparties and expiring within les<span class=\"_ _0\"></span>s than a y<span class=\"_ _0\"></span>ear from the r<span class=\"_ _4\"></span>eporting date. When deemed necessary<span class=\"_ _1\"></span>, these contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _4\"></span>enewed upon expiry<span class=\"_ _1\"></span>.  FX risk may also be co<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>ed \u201cnaturally\u201d b<span class=\"_ _4\"></span>y taking out loans in the respective curr<span class=\"_ _4\"></span>encies if loan interest is denominated in the same curr<span class=\"_ _0\"></span>ency as that of cash flo<span class=\"_ _0\"></span>ws c<span class=\"_ _0\"></span>oming fr<span class=\"_ _0\"></span>om opera<span class=\"_ _0\"></span>ting activities. Inv<span class=\"_ _4\"></span>estments of Cenergy Holdings and its companies in their subsidiaries ar<span class=\"_ _4\"></span>e not hedged, as the ex<span class=\"_ _0\"></span>change positions are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be long-term and ar<span class=\"_ _4\"></span>e mainly made in EUR.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies\u2019 e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to curr<span class=\"_ _0\"></span>ency risk is summariz<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws.  <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2022 <span class=\"_ _101\"> </span> <span class=\"_ _13f\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _234\"> </span> <span class=\"_ _1f9\"> </span> <span class=\"_ _190\"> </span>   Amounts in EUR thousand <span class=\"_ _1db\"> </span> <span class=\"_ _20\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _71\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _4\"></span>THER <span class=\"_ _193\"> </span>TO<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _114\"> </span> <span class=\"_ _4c\"> </span>27<span class=\"_ _4\"></span>,997 <span class=\"_ _34\"> </span>10,423 <span class=\"_ _34\"> </span>18,591 <span class=\"_ _8f\"> </span>-  <span class=\"_ _e9\"> </span><span class=\"ff1a ls100 wscc\">5<span class=\"_ _8\"></span>7,<span class=\"_ _d\"></span>0<span class=\"_ _d\"></span>1<span class=\"_ _8\"></span>2<span class=\"_ _d\"> </span></span>  Cash &amp; cash equivalents <span class=\"_ _137\"> </span> <span class=\"_ _18f\"> </span>9,653 <span class=\"_ _1f9\"> </span>13 <span class=\"_ _19a\"> </span>364 <span class=\"_ _8f\"> </span>1 <span class=\"_ _91\"> </span><span class=\"ff1a ls1b ws79\">10,031<span class=\"_ _8\"></span></span>  Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _145\"> </span> <span class=\"_ _1a2\"> </span>(1,119) <span class=\"_ _89\"> </span>(3,892) <span class=\"_ _57\"> </span>(5,285) <span class=\"_ _20\"> </span>- <span class=\"_ _5d\"> </span><span class=\"ff1a\">(10,296)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _cd\"> </span> <span class=\"_ _63\"> </span>(98,277) <span class=\"_ _199\"> </span>(1,048) <span class=\"_ _4e\"> </span>(19,664) <span class=\"_ _8f\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff1a\">(118,989) </span> Contract liabilities <span class=\"_ _126\"> </span> <span class=\"_ _89\"> </span>(41,082) <span class=\"_ _1f4\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _2a\"></span>(66) <span class=\"_ _197\"> </span>-  <span class=\"_ _5d\"> </span><span class=\"ff1a\">(41,<span class=\"_ _0\"></span>148) </span>  <span class=\"_ _260\"> </span> <span class=\"_ _24\"> </span>(67<span class=\"_ _4\"></span>,650) <span class=\"_ _f3\"> </span>5,497 <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _7c\"> </span>(68,213)  Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _99\"> </span> <span class=\"_ _74\"> </span>(121,779) <span class=\"_ _1a9\"> </span>(18,914) <span class=\"_ _233\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _11\"> </span><span class=\"ff1a\">(140,692) </span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1f6\"> </span> <span class=\"_ _261\"> </span>(189,429) <span class=\"_ _57\"> </span>(13,417) <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _55\"> </span>(208,905) <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2021  Amounts in EUR thousand <span class=\"_ _1fe\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _1c2\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _0\"></span>THER <span class=\"_ _193\"> </span>T<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _23e\"> </span>10,028 <span class=\"_ _9a\"> </span>7<span class=\"_ _1\"></span>,562 <span class=\"_ _199\"> </span>16,638 <span class=\"_ _34\"> </span>643 <span class=\"_ _4e\"> </span><span class=\"ff23\">34,871</span>  Cash &amp; cash equivalents <span class=\"_ _262\"> </span>4,934 <span class=\"_ _1a2\"> </span>2,<span class=\"_ _0\"></span>156 <span class=\"_ _46\"> </span>420 <span class=\"_ _20\"> </span>1 <span class=\"_ _9c\"> </span><span class=\"ff23\">7<span class=\"_ _1\"></span>,511<span class=\"ff24\"> </span></span> Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _131\"> </span>(4,331) <span class=\"_ _f0\"> </span>- <span class=\"_ _db\"> </span>(2,613) <span class=\"_ _8f\"> </span>- <span class=\"_ _a2\"> </span><span class=\"ff23\">(6,944)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _263\"> </span>(21,230) <span class=\"_ _4a\"> </span>(1,825) <span class=\"_ _75\"> </span>(14,<span class=\"_ _0\"></span>162) <span class=\"_ _8f\"> </span>- <span class=\"_ _78\"> </span><span class=\"ff23\">(37<span class=\"_ _1\"></span>,217)<span class=\"ff24\"> </span></span> Contract liabilities <span class=\"_ _12d\"> </span>- <span class=\"_ _f0\"> </span>- <span class=\"_ _1a2\"> </span>(23) <span class=\"_ _4e\"> </span>(4,811) <span class=\"_ _35\"> </span><span class=\"ff23\">(4,834)</span> (10,599)<span class=\"_ _1f8\"> </span>7<span class=\"_ _1\"></span>,893<span class=\"_ _e4\"> </span>260<span class=\"_\"> </span>(4,<span class=\"_ _4\"></span>168)<span class=\"_ _94\"> </span>(6,613) Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _233\"> </span>(39,692) <span class=\"_ _75\"> </span>(21,049) <span class=\"_ _f9\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _7c\"> </span><span class=\"ff23 ls1b ws79\">(6<span class=\"_ _8\"></span>0,7<span class=\"_ _4\"></span>41<span class=\"_ _8\"></span>)<span class=\"ff24 ls5 ws1\"> </span></span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1ee\"> </span>(50<span class=\"_ _0\"></span>,290) <span class=\"_ _1a9\"> </span>(13,<span class=\"_ _0\"></span>156) <span class=\"_ _46\"> </span>260 <span class=\"_ _80\"> </span>(4,<span class=\"_ _4\"></span>168) <span class=\"_ _5d\"> </span>(67<span class=\"_ _4\"></span>,354) The f<span class=\"_ _0\"></span>ollowing e<span class=\"_ _4\"></span>xchange ra<span class=\"_ _0\"></span>tes ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been applied during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> A<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>age e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ate <span class=\"_ _13f\"> </span>Y<span class=\"_ _1\"></span>ear end spot rat<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> 2022 <span class=\"_ _b\"> </span>2021<span class=\"_ _234\"> </span>2022<span class=\"_\"> </span>2021 USD <span class=\"_ _fc\"> </span>1.0530 <span class=\"_ _19b\"> </span>1.<span class=\"_ _0\"></span>1827 <span class=\"_ _3e\"> </span>1.0666 <span class=\"_ _197\"> </span>1.1326  GBP <span class=\"_ _84\"> </span>0.8528 <span class=\"_ _28\"> </span>0.8596 <span class=\"_ _1c4\"> </span>0.8869 <span class=\"_ _9a\"> </span>0.840<span class=\"_ _0\"></span>3  RO\u039d <span class=\"_ _153\"> </span>4.9<span class=\"_ _0\"></span>313 <span class=\"_ _3b\"> </span>4.9208 <span class=\"_ _18a\"> </span>4.94<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>4 <span class=\"_ _46\"> </span>4.9481 \u0391 reasonably pos<span class=\"_ _0\"></span>sible str<span class=\"_ _0\"></span>engthening (weak<span class=\"_ _4\"></span>ening) of the EUR, USD, GBP or RON agains<span class=\"_ _0\"></span>t other currencies on 31 December w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e affected the measurement of financial ins<span class=\"_ _0\"></span>truments denominated in a f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and affected equit<span class=\"_ _0\"></span>y and profit or los<span class=\"_ _0\"></span>s by the amounts sho<span class=\"_ _4\"></span>wn below<span class=\"_ _4\"></span>. This analysis as<span class=\"_ _0\"></span>sumes that all other variables, in particular inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates, r<span class=\"_ _4\"></span>emain constant and ignores an<span class=\"_ _0\"></span>y impact of for<span class=\"_ _0\"></span>ecast sales and pur<span class=\"_ _0\"></span>chases.  Profit or loss <span class=\"_ _264\"> </span>Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _f4\"> </span>Strengthening <span class=\"_ _7c\"> </span>W<span class=\"_ _4\"></span>eakening <span class=\"_ _80\"> </span>Strengthening <span class=\"_ _80\"> </span>W<span class=\"_ _0\"></span>eak<span class=\"_ _0\"></span>ening<span class=\"_ _8\"></span>  <span class=\"_ _26\"> </span>2022  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _192\"> </span>6,250 <span class=\"_ _34\"> </span>(7<span class=\"_ _4\"></span>,639) <span class=\"_ _1f4\"> </span>17<span class=\"_ _4\"></span>,221 <span class=\"_ _44\"> </span>(21,048)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _121\"> </span>1,220 <span class=\"_ _f3\"> </span>(1,491) <span class=\"_ _174\"> </span>1,220 <span class=\"_ _19a\"> </span>(1,491)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _265\"> </span>551 <span class=\"_ _1f8\"> </span>(673) <span class=\"_ _113\"> </span>551 <span class=\"_ _8f\"> </span>(673)  <span class=\"_ _26\"> </span>2021  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _1f5\"> </span>1,230 <span class=\"_ _f6\"> </span>(1,504) <span class=\"_ _13\"> </span>4,566 <span class=\"_ _1c2\"> </span>(5,580)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _119\"> </span>1,<span class=\"_ _4\"></span>186 <span class=\"_ _f6\"> </span>(1,450) <span class=\"_ _22f\"> </span>1,<span class=\"_ _0\"></span>186 <span class=\"_ _43\"> </span>(1,450)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _266\"> </span>(24) <span class=\"_ _1f9\"> </span>29 <span class=\"_ _f8\"> </span>(2<span class=\"_ _0\"></span>4) <span class=\"_ _21f\"> </span>29b)<span class=\"_\"> </span>In<span class=\"_ _0\"></span>terest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk:Exposure to int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate risk 2022 mark<span class=\"_ _0\"></span>ed the end of a prolonged lo<span class=\"_ _4\"></span>w interest period with C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies having appr<span class=\"_ _4\"></span>ox. 19% of their debt obligations on a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te basis. T<span class=\"_ _0\"></span>his was achie<span class=\"_ _4\"></span>ved by ent<span class=\"_ _0\"></span>ering fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate instruments or b<span class=\"_ _4\"></span>y hedging<span class=\"_ _8\"></span> their floating ra<span class=\"_ _0\"></span>te loans with int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts. The int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate pr<span class=\"_ _4\"></span>ofile of Cenergy Holdings\u2019 companies\u2019 inter<span class=\"_ _0\"></span>est-bearing financial instruments, is as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Fixed-r<span class=\"_ _4\"></span>ate instruments <span class=\"_ _267\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _208\"> </span>37<span class=\"_ _1\"></span>,601 <span class=\"_ _b1\"> </span>40,5<span class=\"_ _4\"></span>7<span class=\"_ _0\"></span>4  V<span class=\"_ _4\"></span>ariable-rate instruments <span class=\"_ _268\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _269\"> </span>567<span class=\"_ _1\"></span>,765 <span class=\"_ _a8\"> </span>353,362  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps (nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _150\"> </span>(80,000) <span class=\"_ _be\"> </span>-  Net exposur<span class=\"_ _0\"></span>e to v<span class=\"_ _0\"></span>ariable-r<span class=\"_ _0\"></span>ate instruments <span class=\"_ _12d\"> </span>487<span class=\"_ _1\"></span>,765 <span class=\"_ _1ed\"> </span>353,362 Fix<span class=\"_ _0\"></span>ed-rat<span class=\"_ _0\"></span>e instruments The Gr<span class=\"_ _0\"></span>oup does not acc<span class=\"_ _0\"></span>ount any fix<span class=\"_ _4\"></span>ed-rate financial as<span class=\"_ _0\"></span>sets or liabilities at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough profit or los<span class=\"_ _0\"></span>s.  Ther<span class=\"_ _4\"></span>efore, a change in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>ould not affect either pr<span class=\"_ _0\"></span>ofit or loss or equity<span class=\"_ _1\"></span>. Cash flow s<span class=\"_ _0\"></span>ensitivity analysis f<span class=\"_ _0\"></span>or v<span class=\"_ _0\"></span>ariable-rat<span class=\"_ _0\"></span>e instruments A reasonably pos<span class=\"_ _0\"></span>sible change of 0.25% in int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ates at the r<span class=\"_ _4\"></span>eporting date would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e increased / (<span class=\"_ _4\"></span>decreased) equity and profit or los<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>y the amount shown belo<span class=\"_ _4\"></span>w<span class=\"_ _0\"></span>. The analy<span class=\"_ _0\"></span>sis assumes that all other v<span class=\"_ _4\"></span>ariables, in particular<span class=\"_ _8\"></span> for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es, r<span class=\"_ _0\"></span>emain constant.  <span class=\"_ _209\"> </span>Profit or loss &amp; Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _106\"> </span>0<span class=\"_ _0\"></span>.25% increase <span class=\"_ _e4\"> </span>0.25% decr<span class=\"_ _0\"></span>ease<span class=\"_ _d\"></span>  <span class=\"_ _26\"> </span>2022 <span class=\"_ _26a\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _142\"> </span>(721) <span class=\"_ _192\"> </span>721  <span class=\"_ _26\"> </span>2021 <span class=\"_ _26b\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _16a\"> </span>(1,<span class=\"_ _0\"></span>140) <span class=\"_ _1b8\"> </span>1,<span class=\"_ _0\"></span>140As described in note 23, follo<span class=\"_ _4\"></span>wing upwar<span class=\"_ _0\"></span>d pres<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es on inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates observ<span class=\"_ _4\"></span>ed during the first semester of 2022, in Q2 2022Cener<span class=\"_ _0\"></span>gy Holdings companies s<span class=\"_ _0\"></span>tarted using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>waps t<span class=\"_ _0\"></span>o offset potentially higher futur<span class=\"_ _0\"></span>e finance costs in v<span class=\"_ _4\"></span>ariable rate loans. Such deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e not designated as hedging ins<span class=\"_ _0\"></span>truments, so their valuation is included in the analysis abo<span class=\"_ _4\"></span>ve. c) Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es assets and liabilities designa<span class=\"_ _0\"></span>ted as cash flo<span class=\"_ _0\"></span>w hedges  The f<span class=\"_ _0\"></span>ollowing table indicat<span class=\"_ _0\"></span>es the periods in which the cash flo<span class=\"_ _0\"></span>ws associa<span class=\"_ _0\"></span>ted with cash flo<span class=\"_ _0\"></span>w hedges ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to occur:   2022 <span class=\"_ _179\"> </span>Expected cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _24c\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _e2\"> </span>2,595 <span class=\"_ _1f9\"> </span>5,805 <span class=\"_ _9d\"> </span>3,624 <span class=\"_ _9e\"> </span><span class=\"ff1a\">12,024</span>  Liabilities <span class=\"_ _de\"> </span>(9,80<span class=\"_ _4\"></span>7) <span class=\"_ _a1\"> </span>(5,338) <span class=\"_ _165\"> </span>(4,470) <span class=\"_ _20\"> </span>- <span class=\"_ _5c\"> </span><span class=\"ff1a\">(9,80<span class=\"_ _0\"></span>7) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span>  <span class=\"_ _1ed\"> </span>  <span class=\"_ _176\"> </span>  <span class=\"_ _fb\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _3a\"></span>  Assets <span class=\"_ _fd\"> </span>463 <span class=\"_ _1c4\"> </span>(78<span class=\"_ _0\"></span>7) <span class=\"_ _233\"> </span>1,250 <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463</span>  Liabilities <span class=\"_ _26d\"> </span>(956) <span class=\"_ _194\"> </span>(944) <span class=\"_ _1bf\"> </span>(13) <span class=\"_ _20\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">(956) </span> <span class=\"_ _1b1\"> </span>1,723 <span class=\"_ _9b\"> </span>(4,47<span class=\"_ _1\"></span>4) <span class=\"_ _94\"> </span>2,573 3,62<span class=\"_ _0\"></span>4 <span class=\"_ _38\"> </span>1,723 2021 <span class=\"_ _26e\"> </span>Expected cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _d8\"> </span>536 <span class=\"_ _41\"> </span>536 <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls85 ws6d\">53<span class=\"_ _8\"></span>6</span>  Liabilities <span class=\"_ _243\"> </span>(1,14<span class=\"_ _0\"></span>1) <span class=\"_ _194\"> </span>(1,141) <span class=\"_ _b3\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _22\"> </span><span class=\"ff1a\">(1,14<span class=\"_ _0\"></span>1) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _1b0\"> </span>- <span class=\"_ _1ad\"> </span>- <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _18b\"> </span><span class=\"ff1a\">-</span>  Liabilities <span class=\"_ _26f\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _20\"> </span>(1,213) <span class=\"_ _13f\"> </span>14 <span class=\"_ _20\"> </span>- <span class=\"_ _4e\"> </span><span class=\"ff1a\">(1,199) </span> <span class=\"_ _270\"> </span>(1,804) <span class=\"_ _193\"> </span>(1,818) <span class=\"_ _28\"> </span>14 <span class=\"_ _4e\"> </span>- (1,804) The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides information about the it<span class=\"_ _0\"></span>ems designated as cash flo<span class=\"_ _0\"></span>w hedging instruments during the y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> and on 31 December 2022 and the r<span class=\"_ _4\"></span>econciliation of the amounts included in the hedging reserv<span class=\"_ _0\"></span>e.  <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _11e\"> </span> <span class=\"_ _272\"> </span> Amounts in EUR thousands <span class=\"_ _fe\"> </span>     Nominal Amount        Carrying amount Assets <span class=\"_ _2c\"> </span>Liabilities<span class=\"_ _d\"></span> Line it<span class=\"_ _0\"></span>em in the statement of financial position where the hedging instrument is include     Balanc<span class=\"_ _0\"></span>e on 1 January 2022  Changes in the v<span class=\"_ _0\"></span>alue of the hedging instrument recognised in OCI Amount<span class=\"_ _d\"></span> reclassified from hedging reserve to pr<span class=\"_ _0\"></span>ofit or loss Effect<span class=\"_ _d\"></span> of<span class=\"_ _d\"></span> mov<span class=\"_ _0\"></span>ement in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change ra<span class=\"_ _0\"></span>tes Balance<span class=\"_ _8\"></span> on 31<span class=\"_ _d\"></span> Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> 2022 <span class=\"_ _186\"> </span> Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign <span class=\"_ _10c\"> </span> ex<span class=\"_ _4\"></span>change contracts <span class=\"_ _113\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span>  <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> 113,<span class=\"_ _0\"></span>141 <span class=\"_ _12\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _76\"> </span>(9,807) Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (605) <span class=\"_ _1c0\"> </span>756 <span class=\"_ _5e\"> </span>1,602 <span class=\"_ _89\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ff1a\">2,216</span>  <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _64\"> </span> <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _71\"> </span> Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _a6\"> </span>81,339 <span class=\"_ _99\"> </span>463 <span class=\"_ _99\"> </span>(956) <span class=\"_ _61\"> </span>Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (1,<span class=\"_ _0\"></span>199) <span class=\"_ _4a\"> </span>1,<span class=\"_ _4\"></span>199 <span class=\"_ _94\"> </span>(493) <span class=\"_ _3b\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a ls50 ws69\">(493<span class=\"_ _8\"></span>)</span>  <span class=\"_ _273\"> </span>194,480 <span class=\"_ _d\"></span>12,487 (10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>64) <span class=\"_ _1bd\"> </span> <span class=\"_ _2d\"> </span>(1,804) <span class=\"_ _a2\"> </span>1,955 <span class=\"_ _98\"> </span>1,<span class=\"_ _4\"></span>109 <span class=\"_ _5c\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _dc\"> </span>1,723<span class=\"ws1\"> </span>d) Commodity price risk The c<span class=\"_ _0\"></span>ommodity mark<span class=\"_ _0\"></span>ets hav<span class=\"_ _4\"></span>e experienced and ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to c<span class=\"_ _0\"></span>ontinue to e<span class=\"_ _4\"></span>xperience price fluctuations. Cener<span class=\"_ _0\"></span>gy Holdings subsidiaries hav<span class=\"_ _4\"></span>e exposure t<span class=\"_ _0\"></span>o steel, aluminium, c<span class=\"_ _0\"></span>opper and lead. T<span class=\"_ _0\"></span>hey ther<span class=\"_ _4\"></span>efore use, when possible<span class=\"_ _0\"></span>, futures contr<span class=\"_ _0\"></span>acts to minimiz<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o commodity pric<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility<span class=\"_ _1\"></span>. Subsidiaries in the cables segment use back-to-back matching of pur<span class=\"_ _0\"></span>chases and sales, or deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e instruments (futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts) in order to minimiz<span class=\"_ _0\"></span>e the effect of the metal price fluctuations on their r<span class=\"_ _0\"></span>esults. On 31 December 2022, the net deriv<span class=\"_ _4\"></span>ative balance per c<span class=\"_ _0\"></span>ommodity was:   Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Aluminium - Long / (short) position <span class=\"_ _130\"> </span>(395) <span class=\"_ _114\"> </span>373  Copper - Long / (short) position <span class=\"_ _274\"> </span>(59) <span class=\"_ _af\"> </span>(1,548)  Lead - Long / (short) position <span class=\"_ _a4\"> </span>(39) <span class=\"_ _107\"> </span>(25) T<span class=\"_ _1\"></span>otal <span class=\"_ _229\"> </span>(49<span class=\"_ _0\"></span>3) (1,<span class=\"_ _0\"></span>199) These hedges ar<span class=\"_ _0\"></span>e designat<span class=\"_ _0\"></span>ed as cash flow hedge ac<span class=\"_ _0\"></span>counting. C.4. Risk of macroeconomic and financial en<span class=\"_ _4\"></span>vironment<span class=\"_ _8\"></span>  Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries follo<span class=\"_ _0\"></span>w closely and on a continuous basis the de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopments in the interna<span class=\"_ _0\"></span>tional and domestic envir<span class=\"_ _4\"></span>onment and timely adapt their business strat<span class=\"_ _0\"></span>egy and risk management policies to minimiz<span class=\"_ _0\"></span>e the impact of the macroec<span class=\"_ _0\"></span>onomic conditions on their oper<span class=\"_ _0\"></span>ations. Impact of Ukraine c<span class=\"_ _0\"></span>onflictThe Ukr<span class=\"_ _0\"></span>aine conflict s<span class=\"_ _0\"></span>tarted in F<span class=\"_ _0\"></span>ebruary 2022 and caused mark<span class=\"_ _0\"></span>et v<span class=\"_ _0\"></span>olatility as it incr<span class=\"_ _0\"></span>eased the pr<span class=\"_ _0\"></span>obability of disruptions in many parts of the global econom<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>.  Though its impact on Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries cannot be fully predict<span class=\"_ _0\"></span>ed right no<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>, the ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>all e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o Ukr<span class=\"_ _0\"></span>aine and Russia is v<span class=\"_ _0\"></span>ery limited and busines<span class=\"_ _0\"></span>s consequences wer<span class=\"_ _4\"></span>e not material so far<span class=\"_ _4\"></span>, while the same is expect<span class=\"_ _0\"></span>ed for the f<span class=\"_ _0\"></span>oreseeable futur<span class=\"_ _4\"></span>e. Sales to these markets r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent an insignificant portion of total turno<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er (<span class=\"_ _0\"></span>ca. 0.5% f<span class=\"_ _0\"></span>or 2022) and an<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>venue loss will be fully offset b<span class=\"_ _0\"></span>y demand in other markets. All r<span class=\"_ _4\"></span>evenues fr<span class=\"_ _4\"></span>om those markets concern c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed befor<span class=\"_ _0\"></span>e 2022, since no sales agr<span class=\"_ _4\"></span>eement<span class=\"_ _8\"></span> was signed with clients locat<span class=\"_ _0\"></span>ed in those countries during 20<span class=\"_ _0\"></span>22. Furthermore<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en actions to shift the supply of r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>w materials pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously sourc<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om Russia to alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets and mitigate an<span class=\"_ _0\"></span>y potential disruption in their supply chain. As f<span class=\"_ _0\"></span>or financing, companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e no exposur<span class=\"_ _4\"></span>e to Russian banks. Finally<span class=\"_ _4\"></span>, in the energy fr<span class=\"_ _4\"></span>ont, the Ukraine conflict acc<span class=\"_ _0\"></span>eler<span class=\"_ _0\"></span>ated pric<span class=\"_ _0\"></span>e inflation and companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e alr<span class=\"_ _0\"></span>eady taken mitigating actions to r<span class=\"_ _0\"></span>educe an<span class=\"_ _0\"></span>y business impact r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to ener<span class=\"_ _0\"></span>gy cos<span class=\"_ _0\"></span>t.  The<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e monitoring the situation closely and will modify their approach when and as r<span class=\"_ _4\"></span>equired to secur<span class=\"_ _0\"></span>e opera<span class=\"_ _0\"></span>tional efficiency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> C.5. Risks relat<span class=\"_ _0\"></span>ed to climat<span class=\"_ _0\"></span>e changeCener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries rec<span class=\"_ _0\"></span>ognize the importanc<span class=\"_ _0\"></span>e of tr<span class=\"_ _0\"></span>ansparency r<span class=\"_ _4\"></span>egarding climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities to maintain trust of s<span class=\"_ _0\"></span>takeholders and allo<span class=\"_ _4\"></span>w inves<span class=\"_ _0\"></span>tors to bet<span class=\"_ _0\"></span>ter understand the pot<span class=\"_ _0\"></span>ential impact transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities emana<span class=\"_ _0\"></span>ting from climat<span class=\"_ _0\"></span>e change. T<span class=\"_ _2\"></span>o that end, Cenergy Holdings has pledged to asses<span class=\"_ _0\"></span>s the potential se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erity of the risks and the possible benefits of the opportunities with the aim to tak<span class=\"_ _0\"></span>e all neces<span class=\"_ _0\"></span>sary measures t<span class=\"_ _0\"></span>o mitigate nega<span class=\"_ _0\"></span>tive impacts and maximiz<span class=\"_ _0\"></span>e the positiv<span class=\"_ _0\"></span>e ones, and to adopt the T<span class=\"_ _1\"></span>ask For<span class=\"_ _4\"></span>ce on Climate-rela<span class=\"_ _0\"></span>ted Financial Disclosur<span class=\"_ _0\"></span>es (T<span class=\"_ _4\"></span>CFD) fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ansparently c<span class=\"_ _0\"></span>ommunicate all clima<span class=\"_ _0\"></span>te-relat<span class=\"_ _0\"></span>ed risks and opportunities. F<span class=\"_ _0\"></span>or this purpose, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries performed an as<span class=\"_ _0\"></span>sessment of climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities that co<span class=\"_ _4\"></span>vered all indus<span class=\"_ _0\"></span>trial and real es<span class=\"_ _0\"></span>tate as<span class=\"_ _0\"></span>sets. The detailed r<span class=\"_ _0\"></span>esults of this assessment ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eported at segmental le<span class=\"_ _4\"></span>vel in the Non-Financial Disclosure<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ompanying the Annual Report.Moving t<span class=\"_ _0\"></span>o a lo<span class=\"_ _0\"></span>w-carbon econom<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>equires c<span class=\"_ _0\"></span>ertain measur<span class=\"_ _0\"></span>es to be c<span class=\"_ _0\"></span>onsidered and implement<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>hrough the analysis, f<span class=\"_ _0\"></span>or each business segment, the most mat<span class=\"_ _0\"></span>erial climate r<span class=\"_ _4\"></span>elated transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities ov<span class=\"_ _4\"></span>er the short, medium and long-term, hav<span class=\"_ _0\"></span>e been identified. T<span class=\"_ _0\"></span>he transition risks as<span class=\"_ _0\"></span>sessed r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o policy<span class=\"_ _1\"></span>, legal,<span class=\"_ _8\"></span> technology and mark<span class=\"_ _0\"></span>et changes to addr<span class=\"_ _0\"></span>ess climat<span class=\"_ _0\"></span>e change mitigation and adaptation. Polic<span class=\"_ _0\"></span>y actions around climat<span class=\"_ _0\"></span>e change continue to e<span class=\"_ _4\"></span>volv<span class=\"_ _0\"></span>e, technological impr<span class=\"_ _4\"></span>ov<span class=\"_ _0\"></span>ements or innov<span class=\"_ _4\"></span>ations that support the transition to a lo<span class=\"_ _4\"></span>wer-carbon and energy efficient ec<span class=\"_ _0\"></span>onomic sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em can hav<span class=\"_ _4\"></span>e a significant impact on organizations, while significant changes in market such as decr<span class=\"_ _4\"></span>ease in demand for specific goods or services or decreased r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enues rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o changes in customer beha<span class=\"_ _0\"></span>vior ar<span class=\"_ _0\"></span>e some e<span class=\"_ _0\"></span>xamples of the implications that can impact the oper<span class=\"_ _4\"></span>ating model and the financial<span class=\"_ _8\"></span> planning of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries. On the other hand, extr<span class=\"_ _4\"></span>eme weather ev<span class=\"_ _4\"></span>ents and longer-term shifts in climate patt<span class=\"_ _0\"></span>erns such as limited w<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er av<span class=\"_ _4\"></span>ailability and extreme hea<span class=\"_ _0\"></span>t or sea lev<span class=\"_ _4\"></span>el rise may hav<span class=\"_ _0\"></span>e multiple impacts and possible financial implications for C<span class=\"_ _0\"></span>energy Holdings Gr<span class=\"_ _4\"></span>oup.The abo<span class=\"_ _4\"></span>vementioned risks and opportunities hav<span class=\"_ _4\"></span>e been identified and classified on a scale of low<span class=\"_ _4\"></span>, medium, and<span class=\"_ _8\"></span> high, based on the actual and potential impacts on the Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries business model, assets and<span class=\"_ _8\"></span> operations, as w<span class=\"_ _4\"></span>ell as financial impacts on the business performance. T<span class=\"_ _0\"></span>he financial impacts hav<span class=\"_ _4\"></span>e being considered to the acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es to the e<span class=\"_ _4\"></span>xtent that they can be curr<span class=\"_ _0\"></span>ently e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>ted. Mor<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _4\"></span>, challenges associated with climate r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed commitments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been consider<span class=\"_ _0\"></span>ed, and Viohalc<span class=\"_ _0\"></span>o companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not identified any additional issues that ma<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e a material effect on their financial stat<span class=\"_ _0\"></span>ements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-188-7": {
   "value": "B. Credit and mark<span class=\"_ _0\"></span>et risks and impairment losses on tr<span class=\"_ _0\"></span>ade rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables During 2010, the subsidiary C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks SA initiated in Gr<span class=\"_ _0\"></span>eece and Dubai legal actions against a f<span class=\"_ _0\"></span>ormer customer in the Middle Eas<span class=\"_ _0\"></span>t regar<span class=\"_ _4\"></span>ding the reco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery of an o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue r<span class=\"_ _4\"></span>eceivable of USD 2<span class=\"_ _0\"></span>4.8 million (EUR 23.3 million on 31 December 2022), plus legal int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est. Follo<span class=\"_ _0\"></span>wing a series of court pr<span class=\"_ _4\"></span>oceedings, the Dubai Court of Cassation issued its final judgment, during 20<span class=\"_ _0\"></span>17<span class=\"_ _1\"></span>, and<span class=\"_ _8\"></span> ruled to r<span class=\"_ _0\"></span>eject any c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>claim of the former cus<span class=\"_ _0\"></span>tomer and t<span class=\"_ _0\"></span>o confirm the amount due t<span class=\"_ _0\"></span>o Corinth Pipe<span class=\"_ _0\"></span>works. In order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er this long o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erdue balanc<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks has initiated the enforc<span class=\"_ _0\"></span>ement pr<span class=\"_ _0\"></span>ocedur<span class=\"_ _0\"></span>es against the assets of the former cus<span class=\"_ _0\"></span>tomer that ar<span class=\"_ _0\"></span>e locat<span class=\"_ _0\"></span>ed within any of the countries, wher<span class=\"_ _4\"></span>e the Court of Cassation judgment issued against the f<span class=\"_ _0\"></span>ormer customer is enf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ceable (i.<span class=\"_ _0\"></span>e., U<span class=\"_ _0\"></span>AE and v<span class=\"_ _0\"></span>arious other countries in the Middle East). Ther<span class=\"_ _4\"></span>e were no other subs<span class=\"_ _0\"></span>tantial dev<span class=\"_ _4\"></span>elopments during 2022.<span class=\"_ _8\"></span>   Corinth Pipe<span class=\"_ _0\"></span>works had r<span class=\"_ _4\"></span>ecorded in the past an impairment los<span class=\"_ _0\"></span>s for the whole outstanding amount, i.<span class=\"_ _0\"></span>e., USD 24.8 million. Ho<span class=\"_ _4\"></span>wev<span class=\"_ _4\"></span>er<span class=\"_ _0\"></span>, the subsidiary will continue an<span class=\"_ _0\"></span>y and all actions r<span class=\"_ _0\"></span>equired t<span class=\"_ _0\"></span>o collect the full amount of tha<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able.  <span class=\"_ _8\"></span> Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o cr<span class=\"_ _0\"></span>edit and market risks and impairment los<span class=\"_ _0\"></span>ses for tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables is included in Note 29.<span class=\"_ _4\"></span>C.<span class=\"_ _0\"></span>1. C.<span class=\"_ _4\"></span>1. Credit risk<span class=\"_ _8\"></span> Credit risk is the risk of the financial los<span class=\"_ _0\"></span>s to Cener<span class=\"_ _4\"></span>gy Holdings if a customer or counterpart<span class=\"_ _0\"></span>y to a financial instrument fails to meet its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual obligations and arises principally fr<span class=\"_ _0\"></span>om the companies\u2019 r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables from customers and contr<span class=\"_ _0\"></span>act assets &amp; deposits with banks. The carrying amount of financial assets r<span class=\"_ _4\"></span>epresents the maximum credit e<span class=\"_ _4\"></span>xposure.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note  <span class=\"_ _c9\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Curr<span class=\"_ _0\"></span>ent <span class=\"_ _231\"> </span>15 <span class=\"_ _1d4\"> </span>192,769 <span class=\"_ _ec\"> </span>132,<span class=\"_ _0\"></span>040  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Non-curr<span class=\"_ _0\"></span>ent <span class=\"_ _1de\"> </span>15 <span class=\"_ _107\"> </span>1,227 <span class=\"_ _104\"> </span>1,<span class=\"_ _0\"></span>177  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _1ba\"> </span>7<span class=\"_ _4\"></span>.D <span class=\"_ _b5\"> </span>195,481 <span class=\"_ _102\"> </span>98,217  <span class=\"ff1c\">L<span class=\"_ _0\"></span>ess: </span> Other down pa<span class=\"_ _4\"></span>yments <span class=\"_ _24c\"> </span>15 <span class=\"_ _cb\"> </span>(3,17<span class=\"_ _0\"></span>8) <span class=\"_ _d0\"> </span>(624)  T<span class=\"_ _1\"></span>ax assets <span class=\"_ _ae\"> </span>15 <span class=\"_ _118\"> </span>(11,<span class=\"_ _0\"></span>610) <span class=\"_ _118\"> </span>(14,4<span class=\"_ _4\"></span>76)  Other receiv<span class=\"_ _0\"></span>ables <span class=\"_ _24d\"> </span>15 <span class=\"_ _af\"> </span>(18,910) <span class=\"_ _163\"> </span>(4,716)  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _12e\"> </span>355,77<span class=\"_ _0\"></span>8 <span class=\"_ _111\"> </span>211,617  Equity inv<span class=\"_ _4\"></span>estments at FVOCI  <span class=\"_ _24b\"> </span>22 <span class=\"_ _111\"> </span>6,308 <span class=\"_ _109\"> </span>5,812  Cash and cash equivalents <span class=\"_ _171\"> </span>16 <span class=\"_ _a6\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>160 <span class=\"_ _ec\"> </span>129,606  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _153\"> </span>23 <span class=\"_ _111\"> </span>16,612 <span class=\"_ _10e\"> </span>1,480  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _b3\"> </span>190,0<span class=\"_ _0\"></span>79 <span class=\"_ _ec\"> </span>136,899  Grand t<span class=\"_ _0\"></span>otal <span class=\"_ _24e\"> </span> <span class=\"_ _aa\"> </span>545,857 <span class=\"_ _ec\"> </span>348,516 a) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 On 31 December<span class=\"_ _1\"></span>, the aging of trade and other rec<span class=\"_ _0\"></span>eivables tha<span class=\"_ _0\"></span>t wer<span class=\"_ _4\"></span>e not impaired was as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Neither past due nor impaired <span class=\"_ _1d9\"> </span>343,965 <span class=\"_ _b3\"> </span>196,7<span class=\"_ _4\"></span>49  Over<span class=\"_ _0\"></span>due  - Up to 6 months <span class=\"_ _152\"> </span>10,800 <span class=\"_ _ec\"> </span>13,687  - Over 6 months <span class=\"_ _255\"> </span>1,013 <span class=\"_ _ce\"> </span>1,<span class=\"_ _0\"></span>182  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 Subsidiaries\u2019 management believ<span class=\"_ _4\"></span>es that the amounts that are past due up t<span class=\"_ _0\"></span>o 6 months and o<span class=\"_ _0\"></span>ver 6 months ar<span class=\"_ _4\"></span>e still<span class=\"_ _8\"></span> collectible in full, based on hist<span class=\"_ _0\"></span>orical payment beha<span class=\"_ _0\"></span>viour and e<span class=\"_ _0\"></span>xtensiv<span class=\"_ _4\"></span>e analysis of customer cr<span class=\"_ _0\"></span>edit risk, including underlying customers\u2019 cr<span class=\"_ _4\"></span>edit ratings, if they ar<span class=\"_ _4\"></span>e available. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, the remaining r<span class=\"_ _4\"></span>eceivables past due but not impair<span class=\"_ _0\"></span>ed mainly r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o leading industrial gr<span class=\"_ _0\"></span>oups, major public and priva<span class=\"_ _0\"></span>te utilities and major r<span class=\"_ _0\"></span>esellers. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies insur<span class=\"_ _0\"></span>e the majority of their r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables for default. On 31 December 2022, 85.9% of the balances o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed by c<span class=\"_ _0\"></span>ounterparties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed. The mo<span class=\"_ _4\"></span>vement in impairment of trade and other r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets is as follow<span class=\"_ _0\"></span>s:  <span class=\"_ _1d3\"> </span> 2022 <span class=\"_ _8b\"> </span> <span class=\"_ _f3\"> </span> 2021 <span class=\"_ _29\"> </span>  <span class=\"_ _120\"> </span> Amounts in EUR thousand <span class=\"_ _fb\"> </span>T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _4\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _0\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _d0\"> </span>26,031 <span class=\"_ _46\"> </span>318 <span class=\"_ _193\"> </span>26,349 <span class=\"_ _e4\"> </span>24,390 <span class=\"_ _9a\"> </span>143 <span class=\"_ _64\"> </span>24,533  Impairment loss rec<span class=\"_ _0\"></span>ognized <span class=\"_ _221\"> </span>450 <span class=\"_ _18b\"> </span>12 <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463<span class=\"_ _8\"></span></span><span class=\"wsbd\"> <span class=\"_ _35\"> </span>46 175 <span class=\"_ _30\"></span><span class=\"ff1a ws1\">220<span class=\"ff19\"> </span></span></span> Impairment loss re<span class=\"_ _4\"></span>versed <span class=\"_ _b7\"> </span>(38) <span class=\"_ _83\"> </span>(127) <span class=\"_ _3c\"> </span><span class=\"ff1a\">(165)</span><span class=\"wsbe\"> <span class=\"_ _5\"> </span>(168) - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">(168) </span></span> Rev<span class=\"_ _0\"></span>ersal of / (Impairment loss<span class=\"_ _0\"></span>)   on receiv<span class=\"_ _0\"></span>ables and contract as<span class=\"_ _0\"></span>sets <span class=\"_ _40\"> </span>412 <span class=\"_ _4c\"> </span>(115) <span class=\"_ _83\"> </span><span class=\"ff1a ls50 ws69\">297</span><span class=\"wsbf\"> <span class=\"_ _258\"> </span>(122) 175 <span class=\"_ _1\"></span><span class=\"ff1a ls85 ws6d\">53<span class=\"ff1c ls5 ws1\"> </span></span></span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _20c\"> </span>(153) <span class=\"_ _3e\"> </span>- <span class=\"_ _3c\"> </span><span class=\"ff1a\">(153)</span><span class=\"wsbe\"> <span class=\"_ _2b\"> </span>(14) - <span class=\"_ _238\"></span><span class=\"ff1a ws1\">(14) </span></span> For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _234\"> </span>1,255 <span class=\"_ _3e\"> </span>- <span class=\"_ _25a\"> </span><span class=\"ff1a\">1,255</span><span class=\"wsbe\"> <span class=\"_ _c\"> </span>1,<span class=\"_ _0\"></span>777 - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">1,777 </span></span> Balance on 31 December <span class=\"_ _221\"> </span>27<span class=\"_ _4\"></span>,545 <span class=\"_ _43\"> </span>203 <span class=\"_ _4e\"> </span>27<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>48 <span class=\"_ _8f\"> </span>26,031 <span class=\"_ _43\"> </span>318 <span class=\"_ _193\"> </span>26,349The allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ance for e<span class=\"_ _4\"></span>xpected credit losses f<span class=\"_ _0\"></span>or trade r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets are calculated a<span class=\"_ _0\"></span>t individual lev<span class=\"_ _4\"></span>el<span class=\"_ _8\"></span> when there is an indication of impairment. F<span class=\"_ _4\"></span>or receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets without an<span class=\"_ _0\"></span>y indication of impairment the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e based on the historical cr<span class=\"_ _4\"></span>edit loss experience c<span class=\"_ _0\"></span>ombined with forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-looking information in macr<span class=\"_ _0\"></span>oeconomic f<span class=\"_ _0\"></span>actors eff<span class=\"_ _0\"></span>ecting the credit risk, such as c<span class=\"_ _0\"></span>ountry risk and cust<span class=\"_ _0\"></span>omers\u2019 industry r<span class=\"_ _0\"></span>elated risks. The rising inflation and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e also tak<span class=\"_ _0\"></span>en into consider<span class=\"_ _4\"></span>ation when calculating expected cr<span class=\"_ _4\"></span>edit<span class=\"_ _8\"></span> losses for the curr<span class=\"_ _0\"></span>ent y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, without any significant impact on the impairment loss rec<span class=\"_ _0\"></span>ognized. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 b) Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies held cash and cash equiv<span class=\"_ _0\"></span>alents of EUR 16<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,160 thousand on 31 Dec<span class=\"_ _0\"></span>ember 2022. The cash and cash equiv<span class=\"_ _0\"></span>alents ar<span class=\"_ _0\"></span>e held with bank and financial institution count<span class=\"_ _0\"></span>erparties, which ar<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ted fr<span class=\"_ _0\"></span>om AA<span class=\"_ _4\"></span>-<span class=\"_ _8\"></span> to B based on r<span class=\"_ _0\"></span>atings of Fitch. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-190-3": {
   "value": "16. Cash and cash equiv<span class=\"_ _0\"></span>alents<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cash in hand and cash in bank <span class=\"_ _13c\"> </span>32 <span class=\"_ _1bb\"> </span>6  Short-term bank deposits <span class=\"_ _b0\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>127 <span class=\"_ _a8\"> </span>129,600  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>167<span class=\"_ _1\"></span>,160 <span class=\"_ _13b\"> </span>129,606 Short term deposits ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e duration of les<span class=\"_ _0\"></span>s than 90 day<span class=\"_ _0\"></span>s and ar<span class=\"_ _0\"></span>e av<span class=\"_ _4\"></span>ailable for use. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-190-4": {
   "value": "16. Cash and cash equiv<span class=\"_ _0\"></span>alents<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Cash in hand and cash in bank <span class=\"_ _13c\"> </span>32 <span class=\"_ _1bb\"> </span>6  Short-term bank deposits <span class=\"_ _b0\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>127 <span class=\"_ _a8\"> </span>129,600  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>167<span class=\"_ _1\"></span>,160 <span class=\"_ _13b\"> </span>129,606 Short term deposits ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e duration of les<span class=\"_ _0\"></span>s than 90 day<span class=\"_ _0\"></span>s and ar<span class=\"_ _0\"></span>e av<span class=\"_ _4\"></span>ailable for use. B. Reconciliation of mo<span class=\"_ _4\"></span>vements of liabilities to cash flo<span class=\"_ _4\"></span>ws arising from financing activities  <span class=\"_ _232\"> </span> <span class=\"_ _d\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _80\"> </span> <span class=\"_ _9c\"> </span> 2021<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _5b\"> </span> <span class=\"_ _172\"> </span>Loans &amp; borro<span class=\"_ _0\"></span>wings Lease <span class=\"_ _9\"> </span>liabilities T<span class=\"_ _1\"></span>otal <span class=\"_ _42\"> </span> Loans &amp; <span class=\"_ _c\"> </span>borrowings Lease liabilities<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _12f\"> </span>390<span class=\"_ _0\"></span>,640 <span class=\"_ _199\"> </span>3,296 <span class=\"_ _e9\"> </span>393,935 <span class=\"_ _44\"> </span>406,217 <span class=\"_ _63\"> </span>5,433 <span class=\"_ _35\"> </span>411,650  Changes from financing cash flo<span class=\"_ _0\"></span>ws:<span class=\"ff21\"> <span class=\"_ _233\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _113\"> </span>  <span class=\"_ _40\"> </span>  <span class=\"_ _194\"> </span> <span class=\"_ _6e\"></span> </span> Proc<span class=\"_ _0\"></span>eeds from ne<span class=\"_ _0\"></span>w borr<span class=\"_ _0\"></span>owings <span class=\"_ _a1\"> </span>2<span class=\"_ _0\"></span>45,631 <span class=\"_ _18a\"> </span>-  <span class=\"_ _193\"> </span><span class=\"ff20\">245,6<span class=\"_ _0\"></span>31<span class=\"ff21\"> <span class=\"_ _19a\"> </span>89,315 <span class=\"_ _1c4\"> </span>-  <span class=\"_ _85\"> </span></span>89,315<span class=\"ff21\"> </span></span> Repayment of borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings <span class=\"_ _234\"> </span>(38,533) <span class=\"_ _3e\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff20\">(38,533)</span> <span class=\"_ _89\"> </span>(108,<span class=\"_ _4\"></span>104) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _4b\"> </span><span class=\"ff20\">(108,<span class=\"_ _0\"></span>104)<span class=\"ff21\"> </span></span> Principal elements of lease payments<span class=\"fc6 sc0\"> </span><span class=\"_ _90\"> </span>-  <span class=\"_ _91\"> </span>(1,299) <span class=\"_ _75\"> </span><span class=\"ff20\">(1,299)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _94\"> </span>(1,7<span class=\"_ _4\"></span>47) <span class=\"_ _e9\"> </span><span class=\"ff20\">(1,7<span class=\"_ _1\"></span>47) </span> T<span class=\"_ _1\"></span>otal changes from financing   cash flow<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span>207<span class=\"_ _1\"></span>,098 <span class=\"_ _5e\"> </span>(1,299) <span class=\"_ _193\"> </span>205,799 <span class=\"_ _f6\"> </span>(18,7<span class=\"_ _0\"></span>89) <span class=\"_ _22\"> </span>(1,7<span class=\"_ _1\"></span>47) <span class=\"_ _29\"> </span>(20,536)  Other changes: <span class=\"_ _11c\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _6\"> </span> <span class=\"_ _8b\"> </span> <span class=\"_ _39\"> </span>   New leases <span class=\"_ _236\"> </span>-  <span class=\"_ _9c\"> </span>1,597 <span class=\"_ _44\"> </span><span class=\"ff20\">1,597</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _34\"> </span>909 <span class=\"_ _34\"> </span><span class=\"ff20\">909</span>  Effect of changes in for<span class=\"_ _0\"></span>eign   ex<span class=\"_ _4\"></span>change rates <span class=\"_ _237\"> </span>145 <span class=\"_ _165\"> </span>25 <span class=\"_ _19a\"> </span><span class=\"ff20 ls1b ws79\">170</span><span class=\"wsb2\"> <span class=\"_ _38\"> </span>(75) 6 <span class=\"_ _238\"></span><span class=\"ff20 ws1\">(70) </span></span> Capitalised borro<span class=\"_ _0\"></span>wing cos<span class=\"_ _0\"></span>ts <span class=\"_ _c0\"> </span>344 <span class=\"_ _3e\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff20\">344</span> <span class=\"_ _88\"> </span>522 <span class=\"_ _e2\"> </span>-  <span class=\"_ _4a\"> </span><span class=\"ff20 ls50 ws69\">522</span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense <span class=\"_ _239\"> </span>19,203 <span class=\"_ _1cd\"> </span>226 <span class=\"_ _1a9\"> </span><span class=\"ff20\">19,429</span><span class=\"wsb3\"> <span class=\"_ _19f\"> </span>16,379 20<span class=\"_ _0\"></span>7 <span class=\"_ _1a5\"></span><span class=\"ff20 ws1\">16,585<span class=\"ff21\"> </span></span></span> Inter<span class=\"_ _0\"></span>est paid <span class=\"_ _23a\"> </span>(15,520) <span class=\"_ _92\"> </span>(226) <span class=\"_ _e9\"> </span>(15,7<span class=\"_ _1\"></span>46)<span class=\"ff21 wsb4\"> <span class=\"_ _b\"> </span>(14,288) (207) <span class=\"_ _23b\"></span><span class=\"ff20 ws1\">(14,495) </span></span> T<span class=\"_ _1\"></span>erminations <span class=\"_ _47\"> </span>-  <span class=\"_ _9c\"> </span>(192) <span class=\"_ _44\"> </span><span class=\"ff20\">(192)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _89\"> </span>(173) <span class=\"_ _3c\"> </span><span class=\"ff20\">(173) </span> Modifications <span class=\"_ _23c\"> </span>-  <span class=\"_ _197\"> </span>31 <span class=\"_ _18d\"> </span><span class=\"ff20\">31</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span><span class=\"ff20\">- <span class=\"_ _1\"></span><span class=\"ff21\"> </span></span> Other mov<span class=\"_ _4\"></span>ement  <span class=\"_ _23d\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span> <span class=\"_ _165\"> </span>(459) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff20\">(459) </span> Reclassifications <span class=\"_ _23e\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span><span class=\"wsb5\"> <span class=\"_ _35\"> </span>1,<span class=\"_ _0\"></span>132 (1,<span class=\"_ _0\"></span>132) <span class=\"_ _7c\"> </span><span class=\"ff20 ws1\">- <span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span> <span class=\"_ _23f\"> </span>4,<span class=\"_ _0\"></span>172 <span class=\"_ _9\"> </span>1,460 <span class=\"_ _c\"> </span>5,632 <span class=\"_ _8b\"> </span>3,212 <span class=\"_ _39\"> </span>(391) 2,821  Balance on 31 December <span class=\"_ _20f\"> </span>601,909 <span class=\"_ _9c\"> </span>3,45<span class=\"_ _0\"></span>7 <span class=\"_ _80\"> </span>605,366 <span class=\"_ _9c\"> </span>390,640 <span class=\"_ _3c\"> </span>3,296 <span class=\"_ _8d\"> </span>393,9<span class=\"_ _0\"></span>35",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-192-2": {
   "value": "17<span class=\"_ _1\"></span>. Property<span class=\"_ _1\"></span>, plant and equipment A. Reconciliation of carrying amount  <span class=\"_ _10d\"> </span> Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings  Machinery Furniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction  T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  <span class=\"_\"> </span>Co<span class=\"_ _8\"></span>st <span class=\"_ _1bc\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _122\"> </span> <span class=\"_ _12b\"> </span> <span class=\"_ _40\"> </span>   Balance on 1 January 2021 <span class=\"_ _be\"> </span>177<span class=\"_ _0\"></span>,222 <span class=\"_ _89\"> </span>539,713 <span class=\"_ _1be\"> </span>25,564 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _8b\"> </span><span class=\"ff1a\">794,05<span class=\"_ _0\"></span>2<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1bf\"> </span>(321) <span class=\"_ _6f\"> </span>(7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7) <span class=\"_ _fe\"> </span>(47) <span class=\"_ _20\"> </span>(22) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>7) </span> Additions <span class=\"_ _59\"> </span>596 <span class=\"_ _6f\"> </span>7<span class=\"_ _4\"></span>,47<span class=\"_ _0\"></span>5 <span class=\"_ _f9\"> </span>2,298 <span class=\"_ _1c0\"> </span>30,<span class=\"_ _0\"></span>762 <span class=\"_ _8c\"> </span><span class=\"ff1a\">41,<span class=\"_ _0\"></span>130<span class=\"ff19\"> </span></span> Disposals <span class=\"_ _1c1\"> </span>(625) <span class=\"_ _43\"> </span>(352) <span class=\"_ _41\"> </span>(187) <span class=\"_ _194\"> </span>(18) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>183) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _1c2\"> </span>(340) <span class=\"_ _5b\"> </span>(31) <span class=\"_ _1bf\"> </span>-  <span class=\"_ _22\"> </span><span class=\"ff1a\">(371) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c3\"> </span>15,463 <span class=\"_ _4a\"> </span>35,296 <span class=\"_ _5b\"> </span>587 <span class=\"_ _63\"> </span>(51,444) <span class=\"_ _89\"> </span><span class=\"ff1a\">(99) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _e8\"> </span>192,335 <span class=\"_ _1a9\"> </span>581,034 <span class=\"_ _1c4\"> </span>28,<span class=\"_ _0\"></span>184 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _5d\"> </span>832,383  Balance on 1 January 2022 <span class=\"_ _192\"> </span>192,335 <span class=\"_ _3c\"> </span>581,034 <span class=\"_ _18a\"> </span>28,<span class=\"_ _4\"></span>184 <span class=\"_ _1c2\"> </span>30,831 <span class=\"_ _5d\"> </span><span class=\"ff1a\">832,383</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _118\"> </span>1 <span class=\"_ _13\"> </span>4 <span class=\"_ _aa\"> </span>6 <span class=\"_ _8f\"> </span>(96) <span class=\"_ _89\"> </span><span class=\"ff1a\">(84) </span> Additions <span class=\"_ _1c5\"> </span>17<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>146 <span class=\"_ _9a\"> </span>6,322 <span class=\"_ _41\"> </span>1,4<span class=\"_ _4\"></span>78 <span class=\"_ _33\"> </span>50<span class=\"_ _0\"></span>,985 <span class=\"_ _80\"> </span><span class=\"ff1a\">75,932</span>  Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _19b\"> </span>(9) <span class=\"_ _fe\"> </span>(23) <span class=\"_ _1bf\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff1a\">(32) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1c7\"> </span>(5) <span class=\"_ _92\"> </span>(1,484) <span class=\"_ _13\"> </span>(188) <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,677) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c8\"> </span>2,404 <span class=\"_ _33\"> </span>12,556 <span class=\"_ _1bf\"> </span>520 <span class=\"_ _f6\"> </span>(17<span class=\"_ _4\"></span>,215) <span class=\"_ _80\"> </span><span class=\"ff1a\">(1,735) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _c9\"> </span>211,881 <span class=\"_ _9d\"> </span>598,424 <span class=\"_ _194\"> </span>29,977 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _29\"> </span>904,788 Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings MachineryFurniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span><span class=\"ff19 fc9 ls5\"> </span> Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and   impairment losses <span class=\"ff19\"> </span> Balance on 1 January 2021 <span class=\"_ _1ca\"> </span>(68,821) <span class=\"_ _193\"> </span>(2<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>778) <span class=\"_ _20\"> </span>(17<span class=\"_ _4\"></span>,516) <span class=\"_ _1bf\"> </span>- <span class=\"_ _9b\"> </span><span class=\"ff1a\">(336,115) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _113\"> </span>224 <span class=\"_ _90\"> </span>487 <span class=\"_ _13f\"> </span>3<span class=\"_ _0\"></span>7 <span class=\"_ _1bf\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff1a lsf7 ws6c\">74<span class=\"_ _8\"></span>8<span class=\"_ _d\"></span></span>  Depreciation <span class=\"_ _1cb\"> </span>(3,238) <span class=\"_ _24\"> </span>(16,0<span class=\"_ _0\"></span>77) <span class=\"_ _fb\"> </span>(1,808) <span class=\"_ _1bf\"> </span>- <span class=\"_ _8d\"> </span><span class=\"ff1a\">(21,<span class=\"_ _0\"></span>122) </span> Disposals <span class=\"_ _170\"> </span>622 <span class=\"_ _8f\"> </span>298 <span class=\"_ _1cc\"> </span>185 <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a9\"> </span><span class=\"ff1a\">1,105</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _165\"> </span>340 <span class=\"_ _1ad\"> </span>16 <span class=\"_ _1bf\"> </span>- <span class=\"_ _4a\"> </span><span class=\"ff1a ls85 ws6d\">356</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _f5\"> </span>- <span class=\"_ _1cd\"> </span>(872) <span class=\"_ _fe\"> </span>(25) <span class=\"_ _1bf\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">(898) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _c7\"> </span>(71,213) <span class=\"_ _5c\"> </span>(265,602) <span class=\"_ _194\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _53\"> </span>(355,9<span class=\"_ _0\"></span>25)  Balance on 1 January 2022 <span class=\"_ _1ce\"> </span>(71,213) <span class=\"_ _80\"> </span>(265,602) <span class=\"_ _1c4\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span><span class=\"ff1a\">(355,925) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _127\"> </span>(1) <span class=\"_ _197\"> </span>(22) <span class=\"_ _1d0\"> </span>(4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(27) </span> Depreciation <span class=\"_ _1d1\"> </span>(3,489) <span class=\"_ _3c\"> </span>(17<span class=\"_ _4\"></span>,528) <span class=\"_ _20\"> </span>(2,02<span class=\"_ _0\"></span>4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _81\"> </span><span class=\"ff1a\">(23,041) </span> Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _13\"> </span>9 <span class=\"_ _1ad\"> </span>17 <span class=\"_ _1bf\"> </span>- <span class=\"_ _71\"> </span><span class=\"ff1a\">26</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1d2\"> </span>5 <span class=\"_ _a1\"> </span>1,431 <span class=\"_ _1cc\"> </span>187 <span class=\"_ _1bf\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">1,623</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1a0\"> </span>8 <span class=\"_ _28\"> </span>(70) <span class=\"_ _3d\"> </span>(5) <span class=\"_ _1bf\"> </span>- <span class=\"_ _89\"> </span><span class=\"ff1a\">(66)</span>  Impairment loss <span class=\"_ _1d3\"> </span>- <span class=\"_ _34\"> </span>(1,222) <span class=\"_ _124\"> </span>- <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,222) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1d4\"> </span>(7<span class=\"_ _4\"></span>4,690) <span class=\"_ _35\"> </span>(283,003) <span class=\"_ _43\"> </span>(20,940) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span>(378,632)  Carrying amounts  On 1 January 2021 <span class=\"_ _1d5\"> </span>108,401 <span class=\"_ _24\"> </span>289,935 <span class=\"_ _190\"> </span>8,048 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _7c\"> </span><span class=\"ff1a\">45<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,937<span class=\"ff19\"> </span></span> On 31 December 2021 <span class=\"_ _1d6\"> </span>121,<span class=\"_ _0\"></span>122 <span class=\"_ _3c\"> </span>315,432 <span class=\"_ _88\"> </span>9,<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>3 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _8b\"> </span>4<span class=\"_ _0\"></span>76,458  On 31 December 2022 <span class=\"_ _1d7\"> </span>137<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>192 <span class=\"_ _1a8\"> </span>315,421 <span class=\"_ _190\"> </span>9,038 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _93\"> </span>526,<span class=\"_ _0\"></span>156<span class=\"wsa8\">  </span>The net amount in other r<span class=\"_ _0\"></span>eclassifications c<span class=\"_ _0\"></span>oncerns intangible as<span class=\"_ _0\"></span>sets under construction r<span class=\"_ _4\"></span>eclassified during the year to intangible assets and r<span class=\"_ _4\"></span>eclassifications from Right of Use assets. B. SecurityProperty<span class=\"_ _1\"></span>, plant &amp; equipment with a carrying amount of EUR 49 million ar<span class=\"_ _0\"></span>e mortgaged as security f<span class=\"_ _0\"></span>or borro<span class=\"_ _4\"></span>wings<span class=\"_ _8\"></span> rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings (see Note 26). C.<span class=\"_\"> </span>Property<span class=\"_ _1\"></span>, plant and equipment under constructionThe most important it<span class=\"_ _0\"></span>ems in pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment under construction on 31 December 2022 c<span class=\"_ _0\"></span>oncern mainly ongoing inv<span class=\"_ _4\"></span>estments in the Corinth plant of the cables segment, a capital expenditur<span class=\"_ _0\"></span>e of EUR 6.0 million to support the cons<span class=\"_ _0\"></span>truction of a submarine cables fact<span class=\"_ _0\"></span>ory in the USA and c<span class=\"_ _0\"></span>ertain productivity and capacit<span class=\"_ _0\"></span>y impro<span class=\"_ _4\"></span>vement inv<span class=\"_ _4\"></span>estments in the Thisvi plant of the s<span class=\"_ _0\"></span>teel pipes segment. Most such capital e<span class=\"_ _4\"></span>xpenditure projects, ex<span class=\"_ _4\"></span>cluding the construction of a submarine cables fact<span class=\"_ _0\"></span>ory in the USA, ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to be c<span class=\"_ _0\"></span>ompleted during 20<span class=\"_ _0\"></span>23. The amount of EUR 17<span class=\"_ _1\"></span>.2 million reclassified fr<span class=\"_ _4\"></span>om assets under construction in 2022 r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o selectiv<span class=\"_ _0\"></span>e impro<span class=\"_ _4\"></span>vements in the This<span class=\"_ _0\"></span>vi, Gr<span class=\"_ _0\"></span>eece plant of st<span class=\"_ _0\"></span>eel pipes segment (EUR 6.6 million) and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tments of EUR 10.6 million that wer<span class=\"_ _4\"></span>e concluded in cables production units. Borro<span class=\"_ _4\"></span>wing costs of EUR 344 thousand relat<span class=\"_ _0\"></span>ed to the ac<span class=\"_ _0\"></span>quisition of new machinery w<span class=\"_ _4\"></span>ere capitalised, calculated using a capitalisation ra<span class=\"_ _0\"></span>te of 4.<span class=\"_ _0\"></span>08%. D<span class=\"_ _0\"></span>.<span class=\"_\"> </span>Impairment lossIn 2022, the impairment loss of EUR 1,222 thousand r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esented the writ<span class=\"_ _0\"></span>e-down of c<span class=\"_ _0\"></span>ertain machinery in cables segment to the r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>verable amount as a r<span class=\"_ _4\"></span>esult of technological obsolescence and r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement from the oper<span class=\"_ _4\"></span>ations of<span class=\"_ _8\"></span> the segment. This w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecognised in the stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss as \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019. The r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount of such machinery was set equal t<span class=\"_ _0\"></span>o scrap v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-193-4": {
   "value": "A. Reconciliation of carrying amount  <span class=\"_ _10d\"> </span> Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings  Machinery Furniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction  T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  <span class=\"_\"> </span>Co<span class=\"_ _8\"></span>st <span class=\"_ _1bc\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _122\"> </span> <span class=\"_ _12b\"> </span> <span class=\"_ _40\"> </span>   Balance on 1 January 2021 <span class=\"_ _be\"> </span>177<span class=\"_ _0\"></span>,222 <span class=\"_ _89\"> </span>539,713 <span class=\"_ _1be\"> </span>25,564 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _8b\"> </span><span class=\"ff1a\">794,05<span class=\"_ _0\"></span>2<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1bf\"> </span>(321) <span class=\"_ _6f\"> </span>(7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7) <span class=\"_ _fe\"> </span>(47) <span class=\"_ _20\"> </span>(22) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>7) </span> Additions <span class=\"_ _59\"> </span>596 <span class=\"_ _6f\"> </span>7<span class=\"_ _4\"></span>,47<span class=\"_ _0\"></span>5 <span class=\"_ _f9\"> </span>2,298 <span class=\"_ _1c0\"> </span>30,<span class=\"_ _0\"></span>762 <span class=\"_ _8c\"> </span><span class=\"ff1a\">41,<span class=\"_ _0\"></span>130<span class=\"ff19\"> </span></span> Disposals <span class=\"_ _1c1\"> </span>(625) <span class=\"_ _43\"> </span>(352) <span class=\"_ _41\"> </span>(187) <span class=\"_ _194\"> </span>(18) <span class=\"_ _e9\"> </span><span class=\"ff1a\">(1,<span class=\"_ _0\"></span>183) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _1c2\"> </span>(340) <span class=\"_ _5b\"> </span>(31) <span class=\"_ _1bf\"> </span>-  <span class=\"_ _22\"> </span><span class=\"ff1a\">(371) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c3\"> </span>15,463 <span class=\"_ _4a\"> </span>35,296 <span class=\"_ _5b\"> </span>587 <span class=\"_ _63\"> </span>(51,444) <span class=\"_ _89\"> </span><span class=\"ff1a\">(99) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _e8\"> </span>192,335 <span class=\"_ _1a9\"> </span>581,034 <span class=\"_ _1c4\"> </span>28,<span class=\"_ _0\"></span>184 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _5d\"> </span>832,383  Balance on 1 January 2022 <span class=\"_ _192\"> </span>192,335 <span class=\"_ _3c\"> </span>581,034 <span class=\"_ _18a\"> </span>28,<span class=\"_ _4\"></span>184 <span class=\"_ _1c2\"> </span>30,831 <span class=\"_ _5d\"> </span><span class=\"ff1a\">832,383</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _118\"> </span>1 <span class=\"_ _13\"> </span>4 <span class=\"_ _aa\"> </span>6 <span class=\"_ _8f\"> </span>(96) <span class=\"_ _89\"> </span><span class=\"ff1a\">(84) </span> Additions <span class=\"_ _1c5\"> </span>17<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>146 <span class=\"_ _9a\"> </span>6,322 <span class=\"_ _41\"> </span>1,4<span class=\"_ _4\"></span>78 <span class=\"_ _33\"> </span>50<span class=\"_ _0\"></span>,985 <span class=\"_ _80\"> </span><span class=\"ff1a\">75,932</span>  Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _19b\"> </span>(9) <span class=\"_ _fe\"> </span>(23) <span class=\"_ _1bf\"> </span>- <span class=\"_ _86\"> </span><span class=\"ff1a\">(32) </span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1c7\"> </span>(5) <span class=\"_ _92\"> </span>(1,484) <span class=\"_ _13\"> </span>(188) <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,677) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1c8\"> </span>2,404 <span class=\"_ _33\"> </span>12,556 <span class=\"_ _1bf\"> </span>520 <span class=\"_ _f6\"> </span>(17<span class=\"_ _4\"></span>,215) <span class=\"_ _80\"> </span><span class=\"ff1a\">(1,735) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _c9\"> </span>211,881 <span class=\"_ _9d\"> </span>598,424 <span class=\"_ _194\"> </span>29,977 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _29\"> </span>904,788 Amounts in EUR thousand <span class=\"_ _13f\"> </span>Land, plants &amp; other buildings MachineryFurniture and other equipment Assets under cons<span class=\"_ _0\"></span>truction T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span><span class=\"ff19 fc9 ls5\"> </span> Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and   impairment losses <span class=\"ff19\"> </span> Balance on 1 January 2021 <span class=\"_ _1ca\"> </span>(68,821) <span class=\"_ _193\"> </span>(2<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>778) <span class=\"_ _20\"> </span>(17<span class=\"_ _4\"></span>,516) <span class=\"_ _1bf\"> </span>- <span class=\"_ _9b\"> </span><span class=\"ff1a\">(336,115) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _113\"> </span>224 <span class=\"_ _90\"> </span>487 <span class=\"_ _13f\"> </span>3<span class=\"_ _0\"></span>7 <span class=\"_ _1bf\"> </span>- <span class=\"_ _34\"> </span><span class=\"ff1a lsf7 ws6c\">74<span class=\"_ _8\"></span>8<span class=\"_ _d\"></span></span>  Depreciation <span class=\"_ _1cb\"> </span>(3,238) <span class=\"_ _24\"> </span>(16,0<span class=\"_ _0\"></span>77) <span class=\"_ _fb\"> </span>(1,808) <span class=\"_ _1bf\"> </span>- <span class=\"_ _8d\"> </span><span class=\"ff1a\">(21,<span class=\"_ _0\"></span>122) </span> Disposals <span class=\"_ _170\"> </span>622 <span class=\"_ _8f\"> </span>298 <span class=\"_ _1cc\"> </span>185 <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a9\"> </span><span class=\"ff1a\">1,105</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _ef\"> </span>- <span class=\"_ _165\"> </span>340 <span class=\"_ _1ad\"> </span>16 <span class=\"_ _1bf\"> </span>- <span class=\"_ _4a\"> </span><span class=\"ff1a ls85 ws6d\">356</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _f5\"> </span>- <span class=\"_ _1cd\"> </span>(872) <span class=\"_ _fe\"> </span>(25) <span class=\"_ _1bf\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">(898) </span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _c7\"> </span>(71,213) <span class=\"_ _5c\"> </span>(265,602) <span class=\"_ _194\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _53\"> </span>(355,9<span class=\"_ _0\"></span>25)  Balance on 1 January 2022 <span class=\"_ _1ce\"> </span>(71,213) <span class=\"_ _80\"> </span>(265,602) <span class=\"_ _1c4\"> </span>(19,<span class=\"_ _4\"></span>111) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span><span class=\"ff1a\">(355,925) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _127\"> </span>(1) <span class=\"_ _197\"> </span>(22) <span class=\"_ _1d0\"> </span>(4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(27) </span> Depreciation <span class=\"_ _1d1\"> </span>(3,489) <span class=\"_ _3c\"> </span>(17<span class=\"_ _4\"></span>,528) <span class=\"_ _20\"> </span>(2,02<span class=\"_ _0\"></span>4) <span class=\"_ _1bf\"> </span>- <span class=\"_ _81\"> </span><span class=\"ff1a\">(23,041) </span> Disposals <span class=\"_ _1c6\"> </span>- <span class=\"_ _13\"> </span>9 <span class=\"_ _1ad\"> </span>17 <span class=\"_ _1bf\"> </span>- <span class=\"_ _71\"> </span><span class=\"ff1a\">26</span>  Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _1d2\"> </span>5 <span class=\"_ _a1\"> </span>1,431 <span class=\"_ _1cc\"> </span>187 <span class=\"_ _1bf\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">1,623</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1a0\"> </span>8 <span class=\"_ _28\"> </span>(70) <span class=\"_ _3d\"> </span>(5) <span class=\"_ _1bf\"> </span>- <span class=\"_ _89\"> </span><span class=\"ff1a\">(66)</span>  Impairment loss <span class=\"_ _1d3\"> </span>- <span class=\"_ _34\"> </span>(1,222) <span class=\"_ _124\"> </span>- <span class=\"_ _1bf\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a\">(1,222) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1d4\"> </span>(7<span class=\"_ _4\"></span>4,690) <span class=\"_ _35\"> </span>(283,003) <span class=\"_ _43\"> </span>(20,940) <span class=\"_ _1bf\"> </span>- <span class=\"_ _1cf\"> </span>(378,632)  Carrying amounts  On 1 January 2021 <span class=\"_ _1d5\"> </span>108,401 <span class=\"_ _24\"> </span>289,935 <span class=\"_ _190\"> </span>8,048 <span class=\"_ _71\"> </span>51,553 <span class=\"_ _7c\"> </span><span class=\"ff1a\">45<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,937<span class=\"ff19\"> </span></span> On 31 December 2021 <span class=\"_ _1d6\"> </span>121,<span class=\"_ _0\"></span>122 <span class=\"_ _3c\"> </span>315,432 <span class=\"_ _88\"> </span>9,<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>3 <span class=\"_ _f3\"> </span>30,831 <span class=\"_ _8b\"> </span>4<span class=\"_ _0\"></span>76,458  On 31 December 2022 <span class=\"_ _1d7\"> </span>137<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>192 <span class=\"_ _1a8\"> </span>315,421 <span class=\"_ _190\"> </span>9,038 <span class=\"_ _34\"> </span>64,506 <span class=\"_ _93\"> </span>526,<span class=\"_ _0\"></span>156<span class=\"wsa8\">  </span>The net amount in other r<span class=\"_ _0\"></span>eclassifications c<span class=\"_ _0\"></span>oncerns intangible as<span class=\"_ _0\"></span>sets under construction r<span class=\"_ _4\"></span>eclassified during the year to intangible assets and r<span class=\"_ _4\"></span>eclassifications from Right of Use assets. D<span class=\"_ _0\"></span>.<span class=\"_\"> </span>Impairment lossIn 2022, the impairment loss of EUR 1,222 thousand r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esented the writ<span class=\"_ _0\"></span>e-down of c<span class=\"_ _0\"></span>ertain machinery in cables segment to the r<span class=\"_ _0\"></span>eco<span class=\"_ _4\"></span>verable amount as a r<span class=\"_ _4\"></span>esult of technological obsolescence and r<span class=\"_ _0\"></span>etir<span class=\"_ _0\"></span>ement from the oper<span class=\"_ _4\"></span>ations of<span class=\"_ _8\"></span> the segment. This w<span class=\"_ _0\"></span>as r<span class=\"_ _0\"></span>ecognised in the stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss as \u2018Other e<span class=\"_ _0\"></span>xpenses\u2019. The r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount of such machinery was set equal t<span class=\"_ _0\"></span>o scrap v<span class=\"_ _4\"></span>alue.<span class=\"_ _8\"></span>  A. Reconciliation of carrying amount  <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Cost  Balance on 1 January 2021 <span class=\"_ _1ec\"> </span>1,57<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span>30,<span class=\"_ _4\"></span>189 <span class=\"_ _165\"> </span>16,512 <span class=\"_ _a1\"> </span>303 <span class=\"_ _99\"> </span><span class=\"ff1a\">48,578</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1be\"> </span>(83) <span class=\"_ _d3\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(83) </span> Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _1ef\"> </span>1,446 <span class=\"_ _18d\"> </span>1,962 <span class=\"_ _d3\"> </span>-  <span class=\"_ _64\"> </span><span class=\"ff1a\">3,408</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _18c\"> </span>(1,200) <span class=\"_ _88\"> </span>1,610 <span class=\"_ _fb\"> </span>1,69<span class=\"_ _4\"></span>7 <span class=\"_ _d3\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">2,10<span class=\"_ _0\"></span>7<span class=\"ff19\"> </span></span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _123\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _21\"> </span>33,245 <span class=\"_ _9a\"> </span>20,087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>54,010  Balance on 1 January 2022 <span class=\"_ _1d7\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _165\"> </span>33,245 <span class=\"_ _6f\"> </span>20,<span class=\"_ _0\"></span>087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _80\"> </span><span class=\"ff1a\">54,<span class=\"_ _0\"></span>010<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>- <span class=\"_ _1cc\"> </span>2 <span class=\"_ _d3\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">2</span>  Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _3e\"> </span>1,4<span class=\"_ _4\"></span>79 <span class=\"_ _194\"> </span>1,597 <span class=\"_ _1f2\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">3,0<span class=\"_ _0\"></span>77<span class=\"ff19\"> </span></span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1f3\"> </span>- <span class=\"_ _1f4\"> </span>386 <span class=\"_ _1c4\"> </span>1,36<span class=\"_ _0\"></span>1 <span class=\"_ _1f2\"> </span>- <span class=\"_ _24\"> </span><span class=\"ff1a lsf7 ws6c\">1<span class=\"_ _d\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _d\"></span>7<span class=\"_ _8\"></span></span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1f5\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1c4\"> </span>35,<span class=\"_ _0\"></span>111 <span class=\"_ _43\"> </span>23,048 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>58,836 <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Ac<span class=\"_ _0\"></span>cumulated amortisation and   impairment losses<span class=\"ff19\"> <span class=\"_ _1f6\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span>  </span> Balance on 1 January 2021 <span class=\"_ _1f7\"> </span>(902) <span class=\"_ _7a\"> </span>(7<span class=\"_ _4\"></span>,616) <span class=\"_ _42\"> </span>(10,514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(22<span class=\"_ _0\"></span>4) <span class=\"_ _8b\"> </span><span class=\"ff1a\">(19,256) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1f1\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1c0\"> </span><span class=\"ff1a\">55</span>  Amortisation <span class=\"_ _1d3\"> </span>(80) <span class=\"_ _197\"> </span>(1,962) <span class=\"_ _1f8\"> </span>(1,7<span class=\"_ _0\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _99\"> </span><span class=\"ff1a\">(3,821) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1d5\"> </span>608 <span class=\"_ _c3\"> </span>-  <span class=\"_ _90\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1a8\"> </span><span class=\"ff1a lse5 ws6b\">267</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _14f\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _a1\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _34\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _81\"> </span>(22,755)  Balance on 1 January 2022 <span class=\"_ _e3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _28\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _83\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _1c0\"> </span>(237) <span class=\"_ _81\"> </span><span class=\"ff1a\">(22,7<span class=\"_ _0\"></span>55) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _122\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _1bd\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _1f9\"> </span> - <span class=\"_ _90\"> </span><span class=\"ff1a\">-</span>  Amortisation <span class=\"_ _1c7\"> </span>-  <span class=\"_ _a1\"> </span>(2,217) <span class=\"_ _6f\"> </span>(1,894)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _80\"> </span><span class=\"ff1a\">(4,<span class=\"_ _4\"></span>123) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1b3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _1f8\"> </span>(11,795) <span class=\"_ _1fa\"> </span>(14,461)<span class=\"fc6 sc0\"> </span><span class=\"_ _44\"> </span>(250) <span class=\"_ _5f\"> </span>(26,879)  Carrying amounts <span class=\"_ _1fc\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span> <span class=\"_ _19b\"> </span>  On 1 January 2021 <span class=\"_ _1fd\"> </span>67<span class=\"_ _0\"></span>3 <span class=\"_ _90\"> </span>22,57<span class=\"_ _4\"></span>4 <span class=\"_ _90\"> </span>5,997<span class=\"fc6 sc0\"> </span><span class=\"_ _fb\"> </span>79 <span class=\"_ _80\"> </span><span class=\"ff1a\">29,323</span>  On 31 December 2021 <span class=\"_ _1fe\"> </span>-  <span class=\"_ _18f\"> </span>23,667 <span class=\"_ _194\"> </span>7<span class=\"_ _4\"></span>,521<span class=\"fc6 sc0\"> </span><span class=\"_ _18d\"> </span>66 <span class=\"_ _193\"> </span>31,254  On 31 December 2022 <span class=\"_ _1ff\"> </span>-  <span class=\"_ _28\"> </span>23,316 <span class=\"_ _7a\"> </span>8,588<span class=\"fc6 sc0\"> </span><span class=\"_ _194\"> </span>53 <span class=\"_ _e9\"> </span>31,957 D<span class=\"_ _0\"></span>. Impairment tes<span class=\"_ _0\"></span>t As these intangible assets do not gener<span class=\"_ _0\"></span>ate independent cash inflo<span class=\"_ _0\"></span>ws, it w<span class=\"_ _4\"></span>as considered appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>o carry out the impairment test on the basis of the Cash Gener<span class=\"_ _4\"></span>ating Unit (CGU) of Fulgor submarine cables pr<span class=\"_ _4\"></span>oduction plant, which<span class=\"_ _8\"></span> incorpor<span class=\"_ _0\"></span>ates these as<span class=\"_ _0\"></span>sets. T<span class=\"_ _1\"></span>o e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the v<span class=\"_ _0\"></span>alue in use, cash flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>ojections based on estimat<span class=\"_ _0\"></span>es by management co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear period (2023 \u2013 2027) w<span class=\"_ _0\"></span>ere used. T<span class=\"_ _0\"></span>hese estimat<span class=\"_ _0\"></span>es tak<span class=\"_ _0\"></span>e into c<span class=\"_ _0\"></span>onsideration the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts alr<span class=\"_ _0\"></span>eady signed, as well as c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts estimated t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ded in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _0\"></span>oad. The submarine cables C<span class=\"_ _0\"></span>GU oper<span class=\"_ _0\"></span>ates as a pr<span class=\"_ _0\"></span>oject-based business. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, assumptions r<span class=\"_ _4\"></span>elated to r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue and<span class=\"_ _8\"></span> profitability gr<span class=\"_ _4\"></span>owth are based on the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already signed, as w<span class=\"_ _4\"></span>ell as those estimated to be undertak<span class=\"_ _0\"></span>en in the forthcoming period. T<span class=\"_ _0\"></span>he main assumptions r<span class=\"_ _4\"></span>egarding the operations of submarine cables C<span class=\"_ _0\"></span>GU and the pr<span class=\"_ _0\"></span>ojects to be ex<span class=\"_ _4\"></span>ecuted within the five-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear period are: \u2022 <span class=\"_ _23\"> </span>Pr<span class=\"_ _4\"></span>ogressiv<span class=\"_ _0\"></span>ely high-capacity utilization of Corinth plant o<span class=\"_ _4\"></span>wned by Fulgor<span class=\"_ _4\"></span>, as the one observed during the las<span class=\"_ _0\"></span>t 3 years, based on c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already a<span class=\"_ _4\"></span>warded and those e<span class=\"_ _0\"></span>xpected giv<span class=\"_ _4\"></span>en the tendering activity<span class=\"_ _4\"></span>. Given the e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> backlog and the gro<span class=\"_ _4\"></span>wth of renew<span class=\"_ _0\"></span>ables business ar<span class=\"_ _0\"></span>ound the w<span class=\"_ _0\"></span>orld, which is a significant driv<span class=\"_ _0\"></span>er in the attr<span class=\"_ _0\"></span>activ<span class=\"_ _0\"></span>e outlook for the offshor<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er generation market, the c<span class=\"_ _0\"></span>ontinuously high le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el of activity is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be retained thr<span class=\"_ _4\"></span>oughout the period 2023-2027<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Capital e<span class=\"_ _4\"></span>xpenditure of appro<span class=\"_ _4\"></span>x. EUR 189 million in the following 5 y<span class=\"_ _4\"></span>ears, to cov<span class=\"_ _4\"></span>er estimated pr<span class=\"_ _0\"></span>oduction and capacity needs. Capital e<span class=\"_ _0\"></span>xpenditure r<span class=\"_ _4\"></span>eflects investments f<span class=\"_ _0\"></span>or maintenanc<span class=\"_ _0\"></span>e as w<span class=\"_ _0\"></span>ell as organic gr<span class=\"_ _4\"></span>owth. For the terminal period, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments ar<span class=\"_ _0\"></span>e set equal to depr<span class=\"_ _0\"></span>eciation. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue fr<span class=\"_ _4\"></span>om offshore business for the fiv<span class=\"_ _4\"></span>e-year period is set t<span class=\"_ _0\"></span>o ca. 24% attributable to the as<span class=\"_ _0\"></span>signment of new pr<span class=\"_ _4\"></span>ojects mainly in Greece, North Eur<span class=\"_ _0\"></span>ope and the USA. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he EBITD<span class=\"_ _4\"></span>A margin per offshore pr<span class=\"_ _4\"></span>oject is assumed in the range of 15%-25% of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue. Estimated pr<span class=\"_ _0\"></span>ofitability per project v<span class=\"_ _4\"></span>aries due to different types of cables r<span class=\"_ _4\"></span>equired, technical specifications, geogr<span class=\"_ _0\"></span>aphic r<span class=\"_ _0\"></span>egion and the project\u2019<span class=\"_ _0\"></span>s timefr<span class=\"_ _0\"></span>ame. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of fix<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpenses is assumed equal to ca. 4.8% f<span class=\"_ _0\"></span>or the fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> period. Cash flow<span class=\"_ _0\"></span>s after the firs<span class=\"_ _0\"></span>t five y<span class=\"_ _4\"></span>ears were calcula<span class=\"_ _0\"></span>ted using an estima<span class=\"_ _0\"></span>ted long term gr<span class=\"_ _4\"></span>owth rat<span class=\"_ _0\"></span>e of 1.52%, which mainly reflects management\u2019<span class=\"_ _0\"></span>s estimat<span class=\"_ _0\"></span>es for the w<span class=\"_ _0\"></span>orld econom<span class=\"_ _0\"></span>y as w<span class=\"_ _0\"></span>ell as long-term gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wth pr<span class=\"_ _0\"></span>ospects of the offshore cable sector<span class=\"_ _1\"></span>. The pre-tax r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o discount these cash flo<span class=\"_ _4\"></span>ws was 12.0<span class=\"_ _0\"></span>2%, based on the follo<span class=\"_ _0\"></span>wing assumptions: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>-fr<span class=\"_ _0\"></span>ee ra<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>as based on AAA European bond yields. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ountry risk calculations wer<span class=\"_ _4\"></span>e based on the expected futur<span class=\"_ _0\"></span>e sales mix and the fact that the busines<span class=\"_ _0\"></span>s unit is based in Greec<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et risk pr<span class=\"_ _0\"></span>emium was as<span class=\"_ _0\"></span>sumed equal to 6.21%., i.<span class=\"_ _0\"></span>e., higher than the one used in last y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s impairment test, as mark<span class=\"_ _4\"></span>et conditions hav<span class=\"_ _0\"></span>e worsened. Commodity prices f<span class=\"_ _0\"></span>or copper and aluminium ar<span class=\"_ _4\"></span>e intrinsically part of the impairment test assumptions; the metal price hedging activities undertak<span class=\"_ _0\"></span>en, though, and the cust<span class=\"_ _0\"></span>omized natur<span class=\"_ _0\"></span>e of the pr<span class=\"_ _0\"></span>oducts sold by F<span class=\"_ _0\"></span>ulgor<span class=\"_ _4\"></span>, suggest that the value of the busines<span class=\"_ _0\"></span>s unit is not significantly affect<span class=\"_ _0\"></span>ed by fluctua<span class=\"_ _0\"></span>tions in commodity pric<span class=\"_ _0\"></span>es.  Hence, a neutr<span class=\"_ _4\"></span>al<span class=\"_ _8\"></span> result fr<span class=\"_ _4\"></span>om metal price fluctuations is assumed in the conte<span class=\"_ _4\"></span>xt of the impairment test. The r<span class=\"_ _0\"></span>esults of this tes<span class=\"_ _0\"></span>t indicated that the r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount on 31 December 2022 e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds the carrying amount of the CGU (<span class=\"_ _4\"></span>equal to EUR 283 million) by EUR 688 million. A sensitivity analysis w<span class=\"_ _0\"></span>as carried out on the k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y assumptions of the model (<span class=\"_ _0\"></span>discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and gro<span class=\"_ _4\"></span>wth in<span class=\"_ _8\"></span> perpetuity), to e<span class=\"_ _0\"></span>xamine the adequac<span class=\"_ _0\"></span>y of the abo<span class=\"_ _0\"></span>ve headr<span class=\"_ _4\"></span>oom. Sensitivity analysis results indica<span class=\"_ _0\"></span>ted that the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount is c<span class=\"_ _0\"></span>omfortably e<span class=\"_ _4\"></span>xceeds the carrying v<span class=\"_ _0\"></span>alue of the CGU<span class=\"_ _0\"></span>. Assumptions ma<span class=\"_ _0\"></span>y change as follo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s so as the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount equals the carrying amount:  Assumptions used  Change in rat<span class=\"_ _0\"></span>es (percentage points change<span class=\"_ _0\"></span>)<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Discount ra<span class=\"_ _0\"></span>te <span class=\"_ _13d\"> </span>12.0<span class=\"_ _0\"></span>2 % <span class=\"_ _195\"> </span>+ 14.5 ppc Growth in perpe<span class=\"_ _0\"></span>tuity <span class=\"_ _1d8\"> </span>1.52 % <span class=\"_ _1f7\"> </span>- 118.<span class=\"_ _0\"></span>0 ppcA. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _17e\"> </span>764 <span class=\"_ _d0\"> </span>764  Disposal <span class=\"_ _201\"> </span>(609) <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _202\"> </span>155 <span class=\"_ _147\"> </span>764  Gross carrying amount <span class=\"_ _16a\"> </span>5<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span>1 <span class=\"_ _c9\"> </span>1,348  Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses <span class=\"_ _203\"> </span>(416) <span class=\"_ _204\"> </span>(584)  Carrying amount on 31 December <span class=\"_ _205\"> </span>155 <span class=\"_ _147\"> </span>764 Inv<span class=\"_ _4\"></span>estment property on 31 December 20<span class=\"_ _0\"></span>22 consists of se<span class=\"_ _4\"></span>veral land pr<span class=\"_ _4\"></span>operties in Greece. None of these is curr<span class=\"_ _0\"></span>ently leased. These pr<span class=\"_ _0\"></span>operties ar<span class=\"_ _0\"></span>e not currently used b<span class=\"_ _4\"></span>y Cenergy Holdings and ar<span class=\"_ _0\"></span>e held either for capital appr<span class=\"_ _0\"></span>eciation or to be leased in the for<span class=\"_ _4\"></span>eseeable future.  During 2022, a land pr<span class=\"_ _0\"></span>operty with carrying amount of EUR 609 thousand along with associat<span class=\"_ _0\"></span>ed rights of EUR 151 thousand (rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the line long term \u2018T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables\u2019) was sold to a thir<span class=\"_ _0\"></span>d party<span class=\"_ _1\"></span>. The proc<span class=\"_ _0\"></span>eeds from this disposal amounted to EUR 1.<span class=\"_ _4\"></span>1 million. B. Measurement of fair v<span class=\"_ _4\"></span>alue \u2013 Impairment loss and subsequent rev<span class=\"_ _4\"></span>ersal<span class=\"_ _8\"></span> Based on management\u2019s asses<span class=\"_ _0\"></span>sment, during the curr<span class=\"_ _0\"></span>ent period, there w<span class=\"_ _4\"></span>ere no indications for impairment or re<span class=\"_ _4\"></span>versal of impairment for any pr<span class=\"_ _4\"></span>operty<span class=\"_ _4\"></span>. The fair v<span class=\"_ _0\"></span>alue of inv<span class=\"_ _4\"></span>estment property amounts t<span class=\"_ _0\"></span>o EUR 195 thousand on 31 December 2022, while the ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>s amounts to EUR 4<span class=\"_ _0\"></span>16 thousand. The inputs used f<span class=\"_ _0\"></span>or fair value measur<span class=\"_ _4\"></span>ement of investment pr<span class=\"_ _4\"></span>operty have been ca<span class=\"_ _0\"></span>tegorised Le<span class=\"_ _4\"></span>vel 2, based on the inputs to the v<span class=\"_ _0\"></span>aluation techniques used. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-210-3": {
   "value": "C.<span class=\"_\"> </span>Property<span class=\"_ _1\"></span>, plant and equipment under constructionThe most important it<span class=\"_ _0\"></span>ems in pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment under construction on 31 December 2022 c<span class=\"_ _0\"></span>oncern mainly ongoing inv<span class=\"_ _4\"></span>estments in the Corinth plant of the cables segment, a capital expenditur<span class=\"_ _0\"></span>e of EUR 6.0 million to support the cons<span class=\"_ _0\"></span>truction of a submarine cables fact<span class=\"_ _0\"></span>ory in the USA and c<span class=\"_ _0\"></span>ertain productivity and capacit<span class=\"_ _0\"></span>y impro<span class=\"_ _4\"></span>vement inv<span class=\"_ _4\"></span>estments in the Thisvi plant of the s<span class=\"_ _0\"></span>teel pipes segment. Most such capital e<span class=\"_ _4\"></span>xpenditure projects, ex<span class=\"_ _4\"></span>cluding the construction of a submarine cables fact<span class=\"_ _0\"></span>ory in the USA, ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to be c<span class=\"_ _0\"></span>ompleted during 20<span class=\"_ _0\"></span>23. The amount of EUR 17<span class=\"_ _1\"></span>.2 million reclassified fr<span class=\"_ _4\"></span>om assets under construction in 2022 r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o selectiv<span class=\"_ _0\"></span>e impro<span class=\"_ _4\"></span>vements in the This<span class=\"_ _0\"></span>vi, Gr<span class=\"_ _0\"></span>eece plant of st<span class=\"_ _0\"></span>eel pipes segment (EUR 6.6 million) and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tments of EUR 10.6 million that wer<span class=\"_ _4\"></span>e concluded in cables production units. Borro<span class=\"_ _4\"></span>wing costs of EUR 344 thousand relat<span class=\"_ _0\"></span>ed to the ac<span class=\"_ _0\"></span>quisition of new machinery w<span class=\"_ _4\"></span>ere capitalised, calculated using a capitalisation ra<span class=\"_ _0\"></span>te of 4.<span class=\"_ _0\"></span>08%. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-212-2": {
   "value": "18. Leases A. Amounts recognised in the C<span class=\"_ _0\"></span>onsolidated S<span class=\"_ _0\"></span>tatement of Financial Position  The Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Financial Position sho<span class=\"_ _0\"></span>ws the f<span class=\"_ _0\"></span>ollowing amounts r<span class=\"_ _4\"></span>elating to leases:<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Right-of-use assets <span class=\"_ _ee\"> </span> <span class=\"_ _18e\"> </span> <span class=\"_ _da\"> </span>  Buildings <span class=\"_ _1d8\"> </span> <span class=\"_ _1b8\"> </span>358 <span class=\"_ _14f\"> </span>408  Machinery <span class=\"_ _1d9\"> </span> <span class=\"_ _1da\"> </span>57<span class=\"_ _0\"></span>8 <span class=\"_ _1db\"> </span>598  T<span class=\"_ _4\"></span>ransportation means <span class=\"_ _1dc\"> </span> <span class=\"_ _107\"> </span>2,731 <span class=\"_ _d0\"> </span>2,347  Other equipment <span class=\"_ _1dd\"> </span> <span class=\"_ _116\"> </span>97 <span class=\"_ _1bb\"> </span>116  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _c9\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _149\"> </span>3,469  Lease liabilities Current lease liabilities <span class=\"_ _10d\"> </span>26 <span class=\"_ _ce\"> </span>1,224 <span class=\"_ _112\"> </span>1,216  Non-current lease liabilities <span class=\"_ _11e\"> </span>26 <span class=\"_ _bc\"> </span>2,233 <span class=\"_ _189\"> </span>2,080  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _c9\"> </span>3,457 <span class=\"_ _189\"> </span>3,296 B. Reconciliation of carrying amount of Right-of-use as<span class=\"_ _0\"></span>sets  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _1df\"> </span>3,469 <span class=\"_ _c7\"> </span>5,598  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _1e0\"> </span>29 <span class=\"_ _1bb\"> </span>6  Additions <span class=\"_ _1e1\"> </span>1,597 <span class=\"_ _189\"> </span>909  T<span class=\"_ _1\"></span>erminations <span class=\"_ _1e2\"> </span>(194) <span class=\"_ _163\"> </span>(176)  Modifications <span class=\"_ _136\"> </span>29 <span class=\"_ _be\"> </span>-  Depreciation <span class=\"_ _1e3\"> </span>(1,221) <span class=\"_ _124\"> </span>(1,490)  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _17e\"> </span>54 <span class=\"_ _ad\"> </span>(1,377)  Balance on 31 December <span class=\"_ _1e4\"> </span>3,7<span class=\"_ _0\"></span>64 <span class=\"_ _cb\"> </span>3,469 C. Amounts recognised in the C<span class=\"_ _0\"></span>onsolidated S<span class=\"_ _0\"></span>tatement of Pr<span class=\"_ _0\"></span>ofit or Loss The Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss sho<span class=\"_ _0\"></span>ws the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing amounts rela<span class=\"_ _0\"></span>ting to leases:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Depreciation charge of right-of-use as<span class=\"_ _0\"></span>sets <span class=\"_ _1e5\"> </span> <span class=\"_ _137\"> </span>  Buildings <span class=\"_ _d5\"> </span>76 <span class=\"_ _11a\"> </span>68  Machinery <span class=\"_ _d6\"> </span>51 <span class=\"_ _114\"> </span>252  T<span class=\"_ _4\"></span>ransportation means <span class=\"_ _159\"> </span>1,029 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>107  Other equipment <span class=\"_ _1e6\"> </span>64 <span class=\"_ _11a\"> </span>63  T<span class=\"_ _1\"></span>otal <span class=\"_ _1e7\"> </span>1,221 <span class=\"_ _c7\"> </span>1,490  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense (included in finance cos<span class=\"_ _0\"></span>t) <span class=\"_ _1e8\"> </span>226 <span class=\"_ _10e\"> </span>20<span class=\"_ _0\"></span>7  V<span class=\"_ _4\"></span>ariable rental fees <span class=\"_ _1e9\"> </span>27<span class=\"_ _1\"></span>4 <span class=\"_ _1b8\"> </span>123  Low v<span class=\"_ _4\"></span>alue rental fees <span class=\"_ _17e\"> </span>275 <span class=\"_ _1c9\"> </span>190  Short term r<span class=\"_ _0\"></span>ental fees <span class=\"_ _1ea\"> </span>2,865 <span class=\"_ _111\"> </span>1,680  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current liabilities <span class=\"_ _223\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>3,530 <span class=\"_ _163\"> </span>5,791  Unsecured bank loans <span class=\"_ _1e9\"> </span>-  <span class=\"_ _204\"> </span>5,219  Secured bond issues <span class=\"_ _16b\"> </span>32,427 <span class=\"_ _af\"> </span>35,698  Unsecured bond issues <span class=\"_ _224\"> </span>91,204 <span class=\"_ _12e\"> </span>128,233  Loans and borro<span class=\"_ _0\"></span>wings - Long t<span class=\"_ _0\"></span>erm <span class=\"_ _225\"> </span>127<span class=\"_ _1\"></span>,161 <span class=\"_ _12e\"> </span>17<span class=\"_ _4\"></span>4,941  Lease liabilities - Long term <span class=\"_ _226\"> </span>2,233 <span class=\"_ _122\"> </span>2,080  T<span class=\"_ _1\"></span>otal long term debt <span class=\"_ _227\"> </span>129,393 <span class=\"_ _127\"> </span>177<span class=\"_ _4\"></span>,020<span class=\"ff19\"> </span> Current liabilities <span class=\"_ _138\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>8,454 <span class=\"_ _204\"> </span>5,4<span class=\"_ _0\"></span>70  Fact<span class=\"_ _0\"></span>oring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _15c\"> </span>14,638 <span class=\"_ _228\"> </span>7<span class=\"_ _4\"></span>,931  Unsecured bank loans <span class=\"_ _229\"> </span>367<span class=\"_ _1\"></span>,567 <span class=\"_ _aa\"> </span>170,<span class=\"_ _0\"></span>796  Current portion of secur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _3f\"> </span>4,358 <span class=\"_ _204\"> </span>4,385  Current portion of unsecur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _8a\"> </span>71,809 <span class=\"_ _ec\"> </span>18,326  Current portion of secur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22a\"> </span>2,651 <span class=\"_ _204\"> </span>3,058  Current portion of unsecur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22b\"> </span>5,273 <span class=\"_ _e8\"> </span>5,733  Loans and borro<span class=\"_ _0\"></span>wings - Short term <span class=\"_ _22c\"> </span>47<span class=\"_ _1\"></span>4,7<span class=\"_ _4\"></span>49 <span class=\"_ _127\"> </span>215,699  Lease liabilities - Short term <span class=\"_ _72\"> </span>1,224 <span class=\"_ _bc\"> </span>1,216  T<span class=\"_ _1\"></span>otal Short term debt <span class=\"_ _16d\"> </span>475,9<span class=\"_ _0\"></span>72 <span class=\"_ _12e\"> </span>216,915  T<span class=\"_ _1\"></span>otal Debt <span class=\"_ _1e3\"> </span>605,366 <span class=\"_ _1ed\"> </span>393,935<span class=\"ff19\"> </span>B. Reconciliation of mo<span class=\"_ _4\"></span>vements of liabilities to cash flo<span class=\"_ _4\"></span>ws arising from financing activities  <span class=\"_ _232\"> </span> <span class=\"_ _d\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _80\"> </span> <span class=\"_ _9c\"> </span> 2021<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _5b\"> </span> <span class=\"_ _172\"> </span>Loans &amp; borro<span class=\"_ _0\"></span>wings Lease <span class=\"_ _9\"> </span>liabilities T<span class=\"_ _1\"></span>otal <span class=\"_ _42\"> </span> Loans &amp; <span class=\"_ _c\"> </span>borrowings Lease liabilities<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _12f\"> </span>390<span class=\"_ _0\"></span>,640 <span class=\"_ _199\"> </span>3,296 <span class=\"_ _e9\"> </span>393,935 <span class=\"_ _44\"> </span>406,217 <span class=\"_ _63\"> </span>5,433 <span class=\"_ _35\"> </span>411,650  Changes from financing cash flo<span class=\"_ _0\"></span>ws:<span class=\"ff21\"> <span class=\"_ _233\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _113\"> </span>  <span class=\"_ _40\"> </span>  <span class=\"_ _194\"> </span> <span class=\"_ _6e\"></span> </span> Proc<span class=\"_ _0\"></span>eeds from ne<span class=\"_ _0\"></span>w borr<span class=\"_ _0\"></span>owings <span class=\"_ _a1\"> </span>2<span class=\"_ _0\"></span>45,631 <span class=\"_ _18a\"> </span>-  <span class=\"_ _193\"> </span><span class=\"ff20\">245,6<span class=\"_ _0\"></span>31<span class=\"ff21\"> <span class=\"_ _19a\"> </span>89,315 <span class=\"_ _1c4\"> </span>-  <span class=\"_ _85\"> </span></span>89,315<span class=\"ff21\"> </span></span> Repayment of borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings <span class=\"_ _234\"> </span>(38,533) <span class=\"_ _3e\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff20\">(38,533)</span> <span class=\"_ _89\"> </span>(108,<span class=\"_ _4\"></span>104) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _4b\"> </span><span class=\"ff20\">(108,<span class=\"_ _0\"></span>104)<span class=\"ff21\"> </span></span> Principal elements of lease payments<span class=\"fc6 sc0\"> </span><span class=\"_ _90\"> </span>-  <span class=\"_ _91\"> </span>(1,299) <span class=\"_ _75\"> </span><span class=\"ff20\">(1,299)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _94\"> </span>(1,7<span class=\"_ _4\"></span>47) <span class=\"_ _e9\"> </span><span class=\"ff20\">(1,7<span class=\"_ _1\"></span>47) </span> T<span class=\"_ _1\"></span>otal changes from financing   cash flow<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span>207<span class=\"_ _1\"></span>,098 <span class=\"_ _5e\"> </span>(1,299) <span class=\"_ _193\"> </span>205,799 <span class=\"_ _f6\"> </span>(18,7<span class=\"_ _0\"></span>89) <span class=\"_ _22\"> </span>(1,7<span class=\"_ _1\"></span>47) <span class=\"_ _29\"> </span>(20,536)  Other changes: <span class=\"_ _11c\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _6\"> </span> <span class=\"_ _8b\"> </span> <span class=\"_ _39\"> </span>   New leases <span class=\"_ _236\"> </span>-  <span class=\"_ _9c\"> </span>1,597 <span class=\"_ _44\"> </span><span class=\"ff20\">1,597</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _34\"> </span>909 <span class=\"_ _34\"> </span><span class=\"ff20\">909</span>  Effect of changes in for<span class=\"_ _0\"></span>eign   ex<span class=\"_ _4\"></span>change rates <span class=\"_ _237\"> </span>145 <span class=\"_ _165\"> </span>25 <span class=\"_ _19a\"> </span><span class=\"ff20 ls1b ws79\">170</span><span class=\"wsb2\"> <span class=\"_ _38\"> </span>(75) 6 <span class=\"_ _238\"></span><span class=\"ff20 ws1\">(70) </span></span> Capitalised borro<span class=\"_ _0\"></span>wing cos<span class=\"_ _0\"></span>ts <span class=\"_ _c0\"> </span>344 <span class=\"_ _3e\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff20\">344</span> <span class=\"_ _88\"> </span>522 <span class=\"_ _e2\"> </span>-  <span class=\"_ _4a\"> </span><span class=\"ff20 ls50 ws69\">522</span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense <span class=\"_ _239\"> </span>19,203 <span class=\"_ _1cd\"> </span>226 <span class=\"_ _1a9\"> </span><span class=\"ff20\">19,429</span><span class=\"wsb3\"> <span class=\"_ _19f\"> </span>16,379 20<span class=\"_ _0\"></span>7 <span class=\"_ _1a5\"></span><span class=\"ff20 ws1\">16,585<span class=\"ff21\"> </span></span></span> Inter<span class=\"_ _0\"></span>est paid <span class=\"_ _23a\"> </span>(15,520) <span class=\"_ _92\"> </span>(226) <span class=\"_ _e9\"> </span>(15,7<span class=\"_ _1\"></span>46)<span class=\"ff21 wsb4\"> <span class=\"_ _b\"> </span>(14,288) (207) <span class=\"_ _23b\"></span><span class=\"ff20 ws1\">(14,495) </span></span> T<span class=\"_ _1\"></span>erminations <span class=\"_ _47\"> </span>-  <span class=\"_ _9c\"> </span>(192) <span class=\"_ _44\"> </span><span class=\"ff20\">(192)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _89\"> </span>(173) <span class=\"_ _3c\"> </span><span class=\"ff20\">(173) </span> Modifications <span class=\"_ _23c\"> </span>-  <span class=\"_ _197\"> </span>31 <span class=\"_ _18d\"> </span><span class=\"ff20\">31</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span><span class=\"ff20\">- <span class=\"_ _1\"></span><span class=\"ff21\"> </span></span> Other mov<span class=\"_ _4\"></span>ement  <span class=\"_ _23d\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span> <span class=\"_ _165\"> </span>(459) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff20\">(459) </span> Reclassifications <span class=\"_ _23e\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span><span class=\"wsb5\"> <span class=\"_ _35\"> </span>1,<span class=\"_ _0\"></span>132 (1,<span class=\"_ _0\"></span>132) <span class=\"_ _7c\"> </span><span class=\"ff20 ws1\">- <span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span> <span class=\"_ _23f\"> </span>4,<span class=\"_ _0\"></span>172 <span class=\"_ _9\"> </span>1,460 <span class=\"_ _c\"> </span>5,632 <span class=\"_ _8b\"> </span>3,212 <span class=\"_ _39\"> </span>(391) 2,821  Balance on 31 December <span class=\"_ _20f\"> </span>601,909 <span class=\"_ _9c\"> </span>3,45<span class=\"_ _0\"></span>7 <span class=\"_ _80\"> </span>605,366 <span class=\"_ _9c\"> </span>390,640 <span class=\"_ _3c\"> </span>3,296 <span class=\"_ _8d\"> </span>393,9<span class=\"_ _0\"></span>35",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-215-2": {
   "value": "19. Intangible assets A. Reconciliation of carrying amount  <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Cost  Balance on 1 January 2021 <span class=\"_ _1ec\"> </span>1,57<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span>30,<span class=\"_ _4\"></span>189 <span class=\"_ _165\"> </span>16,512 <span class=\"_ _a1\"> </span>303 <span class=\"_ _99\"> </span><span class=\"ff1a\">48,578</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1be\"> </span>(83) <span class=\"_ _d3\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(83) </span> Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _1ef\"> </span>1,446 <span class=\"_ _18d\"> </span>1,962 <span class=\"_ _d3\"> </span>-  <span class=\"_ _64\"> </span><span class=\"ff1a\">3,408</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _18c\"> </span>(1,200) <span class=\"_ _88\"> </span>1,610 <span class=\"_ _fb\"> </span>1,69<span class=\"_ _4\"></span>7 <span class=\"_ _d3\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">2,10<span class=\"_ _0\"></span>7<span class=\"ff19\"> </span></span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _123\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _21\"> </span>33,245 <span class=\"_ _9a\"> </span>20,087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>54,010  Balance on 1 January 2022 <span class=\"_ _1d7\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _165\"> </span>33,245 <span class=\"_ _6f\"> </span>20,<span class=\"_ _0\"></span>087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _80\"> </span><span class=\"ff1a\">54,<span class=\"_ _0\"></span>010<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>- <span class=\"_ _1cc\"> </span>2 <span class=\"_ _d3\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">2</span>  Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _3e\"> </span>1,4<span class=\"_ _4\"></span>79 <span class=\"_ _194\"> </span>1,597 <span class=\"_ _1f2\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">3,0<span class=\"_ _0\"></span>77<span class=\"ff19\"> </span></span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1f3\"> </span>- <span class=\"_ _1f4\"> </span>386 <span class=\"_ _1c4\"> </span>1,36<span class=\"_ _0\"></span>1 <span class=\"_ _1f2\"> </span>- <span class=\"_ _24\"> </span><span class=\"ff1a lsf7 ws6c\">1<span class=\"_ _d\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _d\"></span>7<span class=\"_ _8\"></span></span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1f5\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1c4\"> </span>35,<span class=\"_ _0\"></span>111 <span class=\"_ _43\"> </span>23,048 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>58,836 <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Ac<span class=\"_ _0\"></span>cumulated amortisation and   impairment losses<span class=\"ff19\"> <span class=\"_ _1f6\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span>  </span> Balance on 1 January 2021 <span class=\"_ _1f7\"> </span>(902) <span class=\"_ _7a\"> </span>(7<span class=\"_ _4\"></span>,616) <span class=\"_ _42\"> </span>(10,514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(22<span class=\"_ _0\"></span>4) <span class=\"_ _8b\"> </span><span class=\"ff1a\">(19,256) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1f1\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1c0\"> </span><span class=\"ff1a\">55</span>  Amortisation <span class=\"_ _1d3\"> </span>(80) <span class=\"_ _197\"> </span>(1,962) <span class=\"_ _1f8\"> </span>(1,7<span class=\"_ _0\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _99\"> </span><span class=\"ff1a\">(3,821) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1d5\"> </span>608 <span class=\"_ _c3\"> </span>-  <span class=\"_ _90\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1a8\"> </span><span class=\"ff1a lse5 ws6b\">267</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _14f\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _a1\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _34\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _81\"> </span>(22,755)  Balance on 1 January 2022 <span class=\"_ _e3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _28\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _83\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _1c0\"> </span>(237) <span class=\"_ _81\"> </span><span class=\"ff1a\">(22,7<span class=\"_ _0\"></span>55) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _122\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _1bd\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _1f9\"> </span> - <span class=\"_ _90\"> </span><span class=\"ff1a\">-</span>  Amortisation <span class=\"_ _1c7\"> </span>-  <span class=\"_ _a1\"> </span>(2,217) <span class=\"_ _6f\"> </span>(1,894)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _80\"> </span><span class=\"ff1a\">(4,<span class=\"_ _4\"></span>123) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1b3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _1f8\"> </span>(11,795) <span class=\"_ _1fa\"> </span>(14,461)<span class=\"fc6 sc0\"> </span><span class=\"_ _44\"> </span>(250) <span class=\"_ _5f\"> </span>(26,879)  Carrying amounts <span class=\"_ _1fc\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span> <span class=\"_ _19b\"> </span>  On 1 January 2021 <span class=\"_ _1fd\"> </span>67<span class=\"_ _0\"></span>3 <span class=\"_ _90\"> </span>22,57<span class=\"_ _4\"></span>4 <span class=\"_ _90\"> </span>5,997<span class=\"fc6 sc0\"> </span><span class=\"_ _fb\"> </span>79 <span class=\"_ _80\"> </span><span class=\"ff1a\">29,323</span>  On 31 December 2021 <span class=\"_ _1fe\"> </span>-  <span class=\"_ _18f\"> </span>23,667 <span class=\"_ _194\"> </span>7<span class=\"_ _4\"></span>,521<span class=\"fc6 sc0\"> </span><span class=\"_ _18d\"> </span>66 <span class=\"_ _193\"> </span>31,254  On 31 December 2022 <span class=\"_ _1ff\"> </span>-  <span class=\"_ _28\"> </span>23,316 <span class=\"_ _7a\"> </span>8,588<span class=\"fc6 sc0\"> </span><span class=\"_ _194\"> </span>53 <span class=\"_ _e9\"> </span>31,957 B. Amortisation The amortization of tr<span class=\"_ _4\"></span>ademarks &amp; licenses with finite useful lives, soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams and other intangible assets is allocated t<span class=\"_ _0\"></span>o the cost of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory and is included in \u201c<span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t of sales\u201d as inv<span class=\"_ _4\"></span>entory is sold, as trademarks &amp; licenses and softwar<span class=\"_ _4\"></span>e programs ar<span class=\"_ _0\"></span>e mainly used dir<span class=\"_ _0\"></span>ectly to pr<span class=\"_ _0\"></span>oduce pr<span class=\"_ _4\"></span>oducts, and they are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as production o<span class=\"_ _4\"></span>verheads. The amortization of intangible as<span class=\"_ _0\"></span>sets not used for pr<span class=\"_ _0\"></span>oduction is allocated t<span class=\"_ _0\"></span>o administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpenses. C. Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es<span class=\"_ _8\"></span> All intangible assets hav<span class=\"_ _4\"></span>e finite useful life, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing assets, included in tr<span class=\"_ _0\"></span>ademarks and licenses: a. T<span class=\"_ _1\"></span>rade name \u201cFulgor\u201d (carrying amount of EUR 1.<span class=\"_ _0\"></span>4 million on 31 December 2022) It relat<span class=\"_ _0\"></span>es to the sect<span class=\"_ _0\"></span>or of medium v<span class=\"_ _0\"></span>oltage submarine cables and under<span class=\"_ _0\"></span>ground high v<span class=\"_ _4\"></span>oltage cables that Fulgor was operating prior t<span class=\"_ _0\"></span>o its acquisition b<span class=\"_ _0\"></span>y Hellenic Cables in 2011 and which has r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ealed significant economic benefits. Based on the analysis of r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant f<span class=\"_ _0\"></span>actors (<span class=\"_ _4\"></span>e.g., knowledge<span class=\"_ _0\"></span>, no longstanding engagement with a wide r<span class=\"_ _0\"></span>ange of clientele, futur<span class=\"_ _4\"></span>e development of the sect<span class=\"_ _0\"></span>or), the useful life of the br<span class=\"_ _0\"></span>and w<span class=\"_ _0\"></span>as consider<span class=\"_ _0\"></span>ed indefinite<span class=\"_ _0\"></span>.  b. License of port use in Sous<span class=\"_ _0\"></span>saki, Corinth (<span class=\"_ _4\"></span>carrying amount of EUR 8.3 million on 31 December 2022)<span class=\"_ _8\"></span> Fulgor holds a license f<span class=\"_ _0\"></span>or permanent and ex<span class=\"_ _4\"></span>clusive use of a port located in the pr<span class=\"_ _4\"></span>emises of the factory in Soussaki, Corinth. The port is nec<span class=\"_ _0\"></span>essary f<span class=\"_ _0\"></span>or the production and tr<span class=\"_ _4\"></span>ansportation of submarine cables of medium and high<span class=\"_ _8\"></span> voltage<span class=\"_ _0\"></span>. Since the ac<span class=\"_ _0\"></span>quisition of the subsidiary<span class=\"_ _4\"></span>, significant inv<span class=\"_ _4\"></span>estments for the upgrade and e<span class=\"_ _0\"></span>xpansion of pr<span class=\"_ _0\"></span>oduction capacity of medium and high-v<span class=\"_ _4\"></span>oltage submarine cables took place. The useful lif<span class=\"_ _0\"></span>e of the asset is c<span class=\"_ _0\"></span>onsidered indefinite since the right of use of these port f<span class=\"_ _0\"></span>acilities is for an indefinit<span class=\"_ _0\"></span>e period. D<span class=\"_ _0\"></span>. Impairment tes<span class=\"_ _0\"></span>t As these intangible assets do not gener<span class=\"_ _0\"></span>ate independent cash inflo<span class=\"_ _0\"></span>ws, it w<span class=\"_ _4\"></span>as considered appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>o carry out the impairment test on the basis of the Cash Gener<span class=\"_ _4\"></span>ating Unit (CGU) of Fulgor submarine cables pr<span class=\"_ _4\"></span>oduction plant, which<span class=\"_ _8\"></span> incorpor<span class=\"_ _0\"></span>ates these as<span class=\"_ _0\"></span>sets. T<span class=\"_ _1\"></span>o e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the v<span class=\"_ _0\"></span>alue in use, cash flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>ojections based on estimat<span class=\"_ _0\"></span>es by management co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear period (2023 \u2013 2027) w<span class=\"_ _0\"></span>ere used. T<span class=\"_ _0\"></span>hese estimat<span class=\"_ _0\"></span>es tak<span class=\"_ _0\"></span>e into c<span class=\"_ _0\"></span>onsideration the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts alr<span class=\"_ _0\"></span>eady signed, as well as c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts estimated t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ded in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _0\"></span>oad. The submarine cables C<span class=\"_ _0\"></span>GU oper<span class=\"_ _0\"></span>ates as a pr<span class=\"_ _0\"></span>oject-based business. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, assumptions r<span class=\"_ _4\"></span>elated to r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue and<span class=\"_ _8\"></span> profitability gr<span class=\"_ _4\"></span>owth are based on the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already signed, as w<span class=\"_ _4\"></span>ell as those estimated to be undertak<span class=\"_ _0\"></span>en in the forthcoming period. T<span class=\"_ _0\"></span>he main assumptions r<span class=\"_ _4\"></span>egarding the operations of submarine cables C<span class=\"_ _0\"></span>GU and the pr<span class=\"_ _0\"></span>ojects to be ex<span class=\"_ _4\"></span>ecuted within the five-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear period are: \u2022 <span class=\"_ _23\"> </span>Pr<span class=\"_ _4\"></span>ogressiv<span class=\"_ _0\"></span>ely high-capacity utilization of Corinth plant o<span class=\"_ _4\"></span>wned by Fulgor<span class=\"_ _4\"></span>, as the one observed during the las<span class=\"_ _0\"></span>t 3 years, based on c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already a<span class=\"_ _4\"></span>warded and those e<span class=\"_ _0\"></span>xpected giv<span class=\"_ _4\"></span>en the tendering activity<span class=\"_ _4\"></span>. Given the e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> backlog and the gro<span class=\"_ _4\"></span>wth of renew<span class=\"_ _0\"></span>ables business ar<span class=\"_ _0\"></span>ound the w<span class=\"_ _0\"></span>orld, which is a significant driv<span class=\"_ _0\"></span>er in the attr<span class=\"_ _0\"></span>activ<span class=\"_ _0\"></span>e outlook for the offshor<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er generation market, the c<span class=\"_ _0\"></span>ontinuously high le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el of activity is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be retained thr<span class=\"_ _4\"></span>oughout the period 2023-2027<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Capital e<span class=\"_ _4\"></span>xpenditure of appro<span class=\"_ _4\"></span>x. EUR 189 million in the following 5 y<span class=\"_ _4\"></span>ears, to cov<span class=\"_ _4\"></span>er estimated pr<span class=\"_ _0\"></span>oduction and capacity needs. Capital e<span class=\"_ _0\"></span>xpenditure r<span class=\"_ _4\"></span>eflects investments f<span class=\"_ _0\"></span>or maintenanc<span class=\"_ _0\"></span>e as w<span class=\"_ _0\"></span>ell as organic gr<span class=\"_ _4\"></span>owth. For the terminal period, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments ar<span class=\"_ _0\"></span>e set equal to depr<span class=\"_ _0\"></span>eciation. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue fr<span class=\"_ _4\"></span>om offshore business for the fiv<span class=\"_ _4\"></span>e-year period is set t<span class=\"_ _0\"></span>o ca. 24% attributable to the as<span class=\"_ _0\"></span>signment of new pr<span class=\"_ _4\"></span>ojects mainly in Greece, North Eur<span class=\"_ _0\"></span>ope and the USA. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he EBITD<span class=\"_ _4\"></span>A margin per offshore pr<span class=\"_ _4\"></span>oject is assumed in the range of 15%-25% of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue. Estimated pr<span class=\"_ _0\"></span>ofitability per project v<span class=\"_ _4\"></span>aries due to different types of cables r<span class=\"_ _4\"></span>equired, technical specifications, geogr<span class=\"_ _0\"></span>aphic r<span class=\"_ _0\"></span>egion and the project\u2019<span class=\"_ _0\"></span>s timefr<span class=\"_ _0\"></span>ame. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of fix<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpenses is assumed equal to ca. 4.8% f<span class=\"_ _0\"></span>or the fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> period. Cash flow<span class=\"_ _0\"></span>s after the firs<span class=\"_ _0\"></span>t five y<span class=\"_ _4\"></span>ears were calcula<span class=\"_ _0\"></span>ted using an estima<span class=\"_ _0\"></span>ted long term gr<span class=\"_ _4\"></span>owth rat<span class=\"_ _0\"></span>e of 1.52%, which mainly reflects management\u2019<span class=\"_ _0\"></span>s estimat<span class=\"_ _0\"></span>es for the w<span class=\"_ _0\"></span>orld econom<span class=\"_ _0\"></span>y as w<span class=\"_ _0\"></span>ell as long-term gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wth pr<span class=\"_ _0\"></span>ospects of the offshore cable sector<span class=\"_ _1\"></span>. The pre-tax r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o discount these cash flo<span class=\"_ _4\"></span>ws was 12.0<span class=\"_ _0\"></span>2%, based on the follo<span class=\"_ _0\"></span>wing assumptions: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>-fr<span class=\"_ _0\"></span>ee ra<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>as based on AAA European bond yields. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ountry risk calculations wer<span class=\"_ _4\"></span>e based on the expected futur<span class=\"_ _0\"></span>e sales mix and the fact that the busines<span class=\"_ _0\"></span>s unit is based in Greec<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et risk pr<span class=\"_ _0\"></span>emium was as<span class=\"_ _0\"></span>sumed equal to 6.21%., i.<span class=\"_ _0\"></span>e., higher than the one used in last y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s impairment test, as mark<span class=\"_ _4\"></span>et conditions hav<span class=\"_ _0\"></span>e worsened. Commodity prices f<span class=\"_ _0\"></span>or copper and aluminium ar<span class=\"_ _4\"></span>e intrinsically part of the impairment test assumptions; the metal price hedging activities undertak<span class=\"_ _0\"></span>en, though, and the cust<span class=\"_ _0\"></span>omized natur<span class=\"_ _0\"></span>e of the pr<span class=\"_ _0\"></span>oducts sold by F<span class=\"_ _0\"></span>ulgor<span class=\"_ _4\"></span>, suggest that the value of the busines<span class=\"_ _0\"></span>s unit is not significantly affect<span class=\"_ _0\"></span>ed by fluctua<span class=\"_ _0\"></span>tions in commodity pric<span class=\"_ _0\"></span>es.  Hence, a neutr<span class=\"_ _4\"></span>al<span class=\"_ _8\"></span> result fr<span class=\"_ _4\"></span>om metal price fluctuations is assumed in the conte<span class=\"_ _4\"></span>xt of the impairment test. The r<span class=\"_ _0\"></span>esults of this tes<span class=\"_ _0\"></span>t indicated that the r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount on 31 December 2022 e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds the carrying amount of the CGU (<span class=\"_ _4\"></span>equal to EUR 283 million) by EUR 688 million. A sensitivity analysis w<span class=\"_ _0\"></span>as carried out on the k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y assumptions of the model (<span class=\"_ _0\"></span>discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and gro<span class=\"_ _4\"></span>wth in<span class=\"_ _8\"></span> perpetuity), to e<span class=\"_ _0\"></span>xamine the adequac<span class=\"_ _0\"></span>y of the abo<span class=\"_ _0\"></span>ve headr<span class=\"_ _4\"></span>oom. Sensitivity analysis results indica<span class=\"_ _0\"></span>ted that the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount is c<span class=\"_ _0\"></span>omfortably e<span class=\"_ _4\"></span>xceeds the carrying v<span class=\"_ _0\"></span>alue of the CGU<span class=\"_ _0\"></span>. Assumptions ma<span class=\"_ _0\"></span>y change as follo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s so as the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount equals the carrying amount:  Assumptions used  Change in rat<span class=\"_ _0\"></span>es (percentage points change<span class=\"_ _0\"></span>)<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Discount ra<span class=\"_ _0\"></span>te <span class=\"_ _13d\"> </span>12.0<span class=\"_ _0\"></span>2 % <span class=\"_ _195\"> </span>+ 14.5 ppc Growth in perpe<span class=\"_ _0\"></span>tuity <span class=\"_ _1d8\"> </span>1.52 % <span class=\"_ _1f7\"> </span>- 118.<span class=\"_ _0\"></span>0 ppc",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-215-3": {
   "value": "19. Intangible assets A. Reconciliation of carrying amount  <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Cost  Balance on 1 January 2021 <span class=\"_ _1ec\"> </span>1,57<span class=\"_ _0\"></span>5 <span class=\"_ _8f\"> </span>30,<span class=\"_ _4\"></span>189 <span class=\"_ _165\"> </span>16,512 <span class=\"_ _a1\"> </span>303 <span class=\"_ _99\"> </span><span class=\"ff1a\">48,578</span>  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1be\"> </span>(83) <span class=\"_ _d3\"> </span>- <span class=\"_ _1a8\"> </span><span class=\"ff1a\">(83) </span> Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _1ef\"> </span>1,446 <span class=\"_ _18d\"> </span>1,962 <span class=\"_ _d3\"> </span>-  <span class=\"_ _64\"> </span><span class=\"ff1a\">3,408</span>  Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _18c\"> </span>(1,200) <span class=\"_ _88\"> </span>1,610 <span class=\"_ _fb\"> </span>1,69<span class=\"_ _4\"></span>7 <span class=\"_ _d3\"> </span>-  <span class=\"_ _91\"> </span><span class=\"ff1a\">2,10<span class=\"_ _0\"></span>7<span class=\"ff19\"> </span></span> Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _123\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _21\"> </span>33,245 <span class=\"_ _9a\"> </span>20,087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>54,010  Balance on 1 January 2022 <span class=\"_ _1d7\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _165\"> </span>33,245 <span class=\"_ _6f\"> </span>20,<span class=\"_ _0\"></span>087 <span class=\"_ _19a\"> </span>303 <span class=\"_ _80\"> </span><span class=\"ff1a\">54,<span class=\"_ _0\"></span>010<span class=\"ff19\"> </span></span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>- <span class=\"_ _1cc\"> </span>2 <span class=\"_ _d3\"> </span>- <span class=\"_ _e4\"> </span><span class=\"ff1a\">2</span>  Additions <span class=\"_ _1ee\"> </span>- <span class=\"_ _3e\"> </span>1,4<span class=\"_ _4\"></span>79 <span class=\"_ _194\"> </span>1,597 <span class=\"_ _1f2\"> </span>- <span class=\"_ _5e\"> </span><span class=\"ff1a\">3,0<span class=\"_ _0\"></span>77<span class=\"ff19\"> </span></span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1f3\"> </span>- <span class=\"_ _1f4\"> </span>386 <span class=\"_ _1c4\"> </span>1,36<span class=\"_ _0\"></span>1 <span class=\"_ _1f2\"> </span>- <span class=\"_ _24\"> </span><span class=\"ff1a lsf7 ws6c\">1<span class=\"_ _d\"></span>,<span class=\"_ _8\"></span>74<span class=\"_ _d\"></span>7<span class=\"_ _8\"></span></span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1f5\"> </span>37<span class=\"_ _1\"></span>4 <span class=\"_ _1c4\"> </span>35,<span class=\"_ _0\"></span>111 <span class=\"_ _43\"> </span>23,048 <span class=\"_ _19a\"> </span>303 <span class=\"_ _99\"> </span>58,836 <span class=\"_ _1eb\"> </span> Amounts in EUR thousand <span class=\"_ _145\"> </span>Dev<span class=\"_ _4\"></span>elopment costs T<span class=\"_ _0\"></span>rademarks<span class=\"_ _8\"></span> and licenses Softwar<span class=\"_ _0\"></span>e Other T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Ac<span class=\"_ _0\"></span>cumulated amortisation and   impairment losses<span class=\"ff19\"> <span class=\"_ _1f6\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span>  </span> Balance on 1 January 2021 <span class=\"_ _1f7\"> </span>(902) <span class=\"_ _7a\"> </span>(7<span class=\"_ _4\"></span>,616) <span class=\"_ _42\"> </span>(10,514)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(22<span class=\"_ _0\"></span>4) <span class=\"_ _8b\"> </span><span class=\"ff1a\">(19,256) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _e8\"> </span>- <span class=\"_ _1ed\"> </span>-  <span class=\"_ _1f1\"> </span>55<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1c0\"> </span><span class=\"ff1a\">55</span>  Amortisation <span class=\"_ _1d3\"> </span>(80) <span class=\"_ _197\"> </span>(1,962) <span class=\"_ _1f8\"> </span>(1,7<span class=\"_ _0\"></span>66)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _99\"> </span><span class=\"ff1a\">(3,821) </span> Other reclassifica<span class=\"_ _0\"></span>tions <span class=\"_ _1d5\"> </span>608 <span class=\"_ _c3\"> </span>-  <span class=\"_ _90\"> </span>(341)<span class=\"fc6 sc0\"> </span><span class=\"_ _1f2\"> </span>-  <span class=\"_ _1a8\"> </span><span class=\"ff1a lse5 ws6b\">267</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _14f\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _a1\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _34\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _33\"> </span>(237) <span class=\"_ _81\"> </span>(22,755)  Balance on 1 January 2022 <span class=\"_ _e3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _28\"> </span>(9,5<span class=\"_ _0\"></span>78) <span class=\"_ _83\"> </span>(12,566)<span class=\"fc6 sc0\"> </span><span class=\"_ _1c0\"> </span>(237) <span class=\"_ _81\"> </span><span class=\"ff1a\">(22,7<span class=\"_ _0\"></span>55) </span> Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _122\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _1bd\"> </span> -<span class=\"fc6 sc0\"> </span><span class=\"_ _1f9\"> </span> - <span class=\"_ _90\"> </span><span class=\"ff1a\">-</span>  Amortisation <span class=\"_ _1c7\"> </span>-  <span class=\"_ _a1\"> </span>(2,217) <span class=\"_ _6f\"> </span>(1,894)<span class=\"fc6 sc0\"> </span><span class=\"_ _3b\"> </span>(13) <span class=\"_ _80\"> </span><span class=\"ff1a\">(4,<span class=\"_ _4\"></span>123) </span> Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _1b3\"> </span>(37<span class=\"_ _1\"></span>4) <span class=\"_ _1f8\"> </span>(11,795) <span class=\"_ _1fa\"> </span>(14,461)<span class=\"fc6 sc0\"> </span><span class=\"_ _44\"> </span>(250) <span class=\"_ _5f\"> </span>(26,879)  Carrying amounts <span class=\"_ _1fc\"> </span> <span class=\"_ _12e\"> </span> <span class=\"_ _1ad\"> </span><span class=\"fc6 sc0\"> </span><span class=\"_ _174\"> </span> <span class=\"_ _19b\"> </span>  On 1 January 2021 <span class=\"_ _1fd\"> </span>67<span class=\"_ _0\"></span>3 <span class=\"_ _90\"> </span>22,57<span class=\"_ _4\"></span>4 <span class=\"_ _90\"> </span>5,997<span class=\"fc6 sc0\"> </span><span class=\"_ _fb\"> </span>79 <span class=\"_ _80\"> </span><span class=\"ff1a\">29,323</span>  On 31 December 2021 <span class=\"_ _1fe\"> </span>-  <span class=\"_ _18f\"> </span>23,667 <span class=\"_ _194\"> </span>7<span class=\"_ _4\"></span>,521<span class=\"fc6 sc0\"> </span><span class=\"_ _18d\"> </span>66 <span class=\"_ _193\"> </span>31,254  On 31 December 2022 <span class=\"_ _1ff\"> </span>-  <span class=\"_ _28\"> </span>23,316 <span class=\"_ _7a\"> </span>8,588<span class=\"fc6 sc0\"> </span><span class=\"_ _194\"> </span>53 <span class=\"_ _e9\"> </span>31,957 B. Amortisation The amortization of tr<span class=\"_ _4\"></span>ademarks &amp; licenses with finite useful lives, soft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ams and other intangible assets is allocated t<span class=\"_ _0\"></span>o the cost of in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>entory and is included in \u201c<span class=\"_ _0\"></span>cos<span class=\"_ _0\"></span>t of sales\u201d as inv<span class=\"_ _4\"></span>entory is sold, as trademarks &amp; licenses and softwar<span class=\"_ _4\"></span>e programs ar<span class=\"_ _0\"></span>e mainly used dir<span class=\"_ _0\"></span>ectly to pr<span class=\"_ _0\"></span>oduce pr<span class=\"_ _4\"></span>oducts, and they are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed as production o<span class=\"_ _4\"></span>verheads. The amortization of intangible as<span class=\"_ _0\"></span>sets not used for pr<span class=\"_ _0\"></span>oduction is allocated t<span class=\"_ _0\"></span>o administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpenses. C. Intangible assets with indefinite useful liv<span class=\"_ _4\"></span>es<span class=\"_ _8\"></span> All intangible assets hav<span class=\"_ _4\"></span>e finite useful life, e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>cept f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing assets, included in tr<span class=\"_ _0\"></span>ademarks and licenses: a. T<span class=\"_ _1\"></span>rade name \u201cFulgor\u201d (carrying amount of EUR 1.<span class=\"_ _0\"></span>4 million on 31 December 2022) It relat<span class=\"_ _0\"></span>es to the sect<span class=\"_ _0\"></span>or of medium v<span class=\"_ _0\"></span>oltage submarine cables and under<span class=\"_ _0\"></span>ground high v<span class=\"_ _4\"></span>oltage cables that Fulgor was operating prior t<span class=\"_ _0\"></span>o its acquisition b<span class=\"_ _0\"></span>y Hellenic Cables in 2011 and which has r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ealed significant economic benefits. Based on the analysis of r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant f<span class=\"_ _0\"></span>actors (<span class=\"_ _4\"></span>e.g., knowledge<span class=\"_ _0\"></span>, no longstanding engagement with a wide r<span class=\"_ _0\"></span>ange of clientele, futur<span class=\"_ _4\"></span>e development of the sect<span class=\"_ _0\"></span>or), the useful life of the br<span class=\"_ _0\"></span>and w<span class=\"_ _0\"></span>as consider<span class=\"_ _0\"></span>ed indefinite<span class=\"_ _0\"></span>.  b. License of port use in Sous<span class=\"_ _0\"></span>saki, Corinth (<span class=\"_ _4\"></span>carrying amount of EUR 8.3 million on 31 December 2022)<span class=\"_ _8\"></span> Fulgor holds a license f<span class=\"_ _0\"></span>or permanent and ex<span class=\"_ _4\"></span>clusive use of a port located in the pr<span class=\"_ _4\"></span>emises of the factory in Soussaki, Corinth. The port is nec<span class=\"_ _0\"></span>essary f<span class=\"_ _0\"></span>or the production and tr<span class=\"_ _4\"></span>ansportation of submarine cables of medium and high<span class=\"_ _8\"></span> voltage<span class=\"_ _0\"></span>. Since the ac<span class=\"_ _0\"></span>quisition of the subsidiary<span class=\"_ _4\"></span>, significant inv<span class=\"_ _4\"></span>estments for the upgrade and e<span class=\"_ _0\"></span>xpansion of pr<span class=\"_ _0\"></span>oduction capacity of medium and high-v<span class=\"_ _4\"></span>oltage submarine cables took place. The useful lif<span class=\"_ _0\"></span>e of the asset is c<span class=\"_ _0\"></span>onsidered indefinite since the right of use of these port f<span class=\"_ _0\"></span>acilities is for an indefinit<span class=\"_ _0\"></span>e period. D<span class=\"_ _0\"></span>. Impairment tes<span class=\"_ _0\"></span>t As these intangible assets do not gener<span class=\"_ _0\"></span>ate independent cash inflo<span class=\"_ _0\"></span>ws, it w<span class=\"_ _4\"></span>as considered appr<span class=\"_ _0\"></span>opriate t<span class=\"_ _0\"></span>o carry out the impairment test on the basis of the Cash Gener<span class=\"_ _4\"></span>ating Unit (CGU) of Fulgor submarine cables pr<span class=\"_ _4\"></span>oduction plant, which<span class=\"_ _8\"></span> incorpor<span class=\"_ _0\"></span>ates these as<span class=\"_ _0\"></span>sets. T<span class=\"_ _1\"></span>o e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>te the v<span class=\"_ _0\"></span>alue in use, cash flo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>ojections based on estimat<span class=\"_ _0\"></span>es by management co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ering a fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear period (2023 \u2013 2027) w<span class=\"_ _0\"></span>ere used. T<span class=\"_ _0\"></span>hese estimat<span class=\"_ _0\"></span>es tak<span class=\"_ _0\"></span>e into c<span class=\"_ _0\"></span>onsideration the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts alr<span class=\"_ _0\"></span>eady signed, as well as c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts estimated t<span class=\"_ _0\"></span>o be a<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ded in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _0\"></span>oad. The submarine cables C<span class=\"_ _0\"></span>GU oper<span class=\"_ _0\"></span>ates as a pr<span class=\"_ _0\"></span>oject-based business. T<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, assumptions r<span class=\"_ _4\"></span>elated to r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue and<span class=\"_ _8\"></span> profitability gr<span class=\"_ _4\"></span>owth are based on the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already signed, as w<span class=\"_ _4\"></span>ell as those estimated to be undertak<span class=\"_ _0\"></span>en in the forthcoming period. T<span class=\"_ _0\"></span>he main assumptions r<span class=\"_ _4\"></span>egarding the operations of submarine cables C<span class=\"_ _0\"></span>GU and the pr<span class=\"_ _0\"></span>ojects to be ex<span class=\"_ _4\"></span>ecuted within the five-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear period are: \u2022 <span class=\"_ _23\"> </span>Pr<span class=\"_ _4\"></span>ogressiv<span class=\"_ _0\"></span>ely high-capacity utilization of Corinth plant o<span class=\"_ _4\"></span>wned by Fulgor<span class=\"_ _4\"></span>, as the one observed during the las<span class=\"_ _0\"></span>t 3 years, based on c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts already a<span class=\"_ _4\"></span>warded and those e<span class=\"_ _0\"></span>xpected giv<span class=\"_ _4\"></span>en the tendering activity<span class=\"_ _4\"></span>. Given the e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> backlog and the gro<span class=\"_ _4\"></span>wth of renew<span class=\"_ _0\"></span>ables business ar<span class=\"_ _0\"></span>ound the w<span class=\"_ _0\"></span>orld, which is a significant driv<span class=\"_ _0\"></span>er in the attr<span class=\"_ _0\"></span>activ<span class=\"_ _0\"></span>e outlook for the offshor<span class=\"_ _0\"></span>e pow<span class=\"_ _4\"></span>er generation market, the c<span class=\"_ _0\"></span>ontinuously high le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el of activity is e<span class=\"_ _0\"></span>xpected t<span class=\"_ _0\"></span>o be retained thr<span class=\"_ _4\"></span>oughout the period 2023-2027<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>Capital e<span class=\"_ _4\"></span>xpenditure of appro<span class=\"_ _4\"></span>x. EUR 189 million in the following 5 y<span class=\"_ _4\"></span>ears, to cov<span class=\"_ _4\"></span>er estimated pr<span class=\"_ _0\"></span>oduction and capacity needs. Capital e<span class=\"_ _0\"></span>xpenditure r<span class=\"_ _4\"></span>eflects investments f<span class=\"_ _0\"></span>or maintenanc<span class=\"_ _0\"></span>e as w<span class=\"_ _0\"></span>ell as organic gr<span class=\"_ _4\"></span>owth. For the terminal period, in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments ar<span class=\"_ _0\"></span>e set equal to depr<span class=\"_ _0\"></span>eciation. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>venue fr<span class=\"_ _4\"></span>om offshore business for the fiv<span class=\"_ _4\"></span>e-year period is set t<span class=\"_ _0\"></span>o ca. 24% attributable to the as<span class=\"_ _0\"></span>signment of new pr<span class=\"_ _4\"></span>ojects mainly in Greece, North Eur<span class=\"_ _0\"></span>ope and the USA. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he EBITD<span class=\"_ _4\"></span>A margin per offshore pr<span class=\"_ _4\"></span>oject is assumed in the range of 15%-25% of r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>enue. Estimated pr<span class=\"_ _0\"></span>ofitability per project v<span class=\"_ _4\"></span>aries due to different types of cables r<span class=\"_ _4\"></span>equired, technical specifications, geogr<span class=\"_ _0\"></span>aphic r<span class=\"_ _0\"></span>egion and the project\u2019<span class=\"_ _0\"></span>s timefr<span class=\"_ _0\"></span>ame. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ompound annual gro<span class=\"_ _4\"></span>wth rate of fix<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpenses is assumed equal to ca. 4.8% f<span class=\"_ _0\"></span>or the fiv<span class=\"_ _0\"></span>e-y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> period. Cash flow<span class=\"_ _0\"></span>s after the firs<span class=\"_ _0\"></span>t five y<span class=\"_ _4\"></span>ears were calcula<span class=\"_ _0\"></span>ted using an estima<span class=\"_ _0\"></span>ted long term gr<span class=\"_ _4\"></span>owth rat<span class=\"_ _0\"></span>e of 1.52%, which mainly reflects management\u2019<span class=\"_ _0\"></span>s estimat<span class=\"_ _0\"></span>es for the w<span class=\"_ _0\"></span>orld econom<span class=\"_ _0\"></span>y as w<span class=\"_ _0\"></span>ell as long-term gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wth pr<span class=\"_ _0\"></span>ospects of the offshore cable sector<span class=\"_ _1\"></span>. The pre-tax r<span class=\"_ _0\"></span>ate used t<span class=\"_ _0\"></span>o discount these cash flo<span class=\"_ _4\"></span>ws was 12.0<span class=\"_ _0\"></span>2%, based on the follo<span class=\"_ _0\"></span>wing assumptions: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he risk<span class=\"_ _0\"></span>-fr<span class=\"_ _0\"></span>ee ra<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>as based on AAA European bond yields. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ountry risk calculations wer<span class=\"_ _4\"></span>e based on the expected futur<span class=\"_ _0\"></span>e sales mix and the fact that the busines<span class=\"_ _0\"></span>s unit is based in Greec<span class=\"_ _0\"></span>e. \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _0\"></span>he mark<span class=\"_ _0\"></span>et risk pr<span class=\"_ _0\"></span>emium was as<span class=\"_ _0\"></span>sumed equal to 6.21%., i.<span class=\"_ _0\"></span>e., higher than the one used in last y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span>\u2019s impairment test, as mark<span class=\"_ _4\"></span>et conditions hav<span class=\"_ _0\"></span>e worsened. Commodity prices f<span class=\"_ _0\"></span>or copper and aluminium ar<span class=\"_ _4\"></span>e intrinsically part of the impairment test assumptions; the metal price hedging activities undertak<span class=\"_ _0\"></span>en, though, and the cust<span class=\"_ _0\"></span>omized natur<span class=\"_ _0\"></span>e of the pr<span class=\"_ _0\"></span>oducts sold by F<span class=\"_ _0\"></span>ulgor<span class=\"_ _4\"></span>, suggest that the value of the busines<span class=\"_ _0\"></span>s unit is not significantly affect<span class=\"_ _0\"></span>ed by fluctua<span class=\"_ _0\"></span>tions in commodity pric<span class=\"_ _0\"></span>es.  Hence, a neutr<span class=\"_ _4\"></span>al<span class=\"_ _8\"></span> result fr<span class=\"_ _4\"></span>om metal price fluctuations is assumed in the conte<span class=\"_ _4\"></span>xt of the impairment test. The r<span class=\"_ _0\"></span>esults of this tes<span class=\"_ _0\"></span>t indicated that the r<span class=\"_ _4\"></span>ecov<span class=\"_ _4\"></span>erable amount on 31 December 2022 e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ceeds the carrying amount of the CGU (<span class=\"_ _4\"></span>equal to EUR 283 million) by EUR 688 million. A sensitivity analysis w<span class=\"_ _0\"></span>as carried out on the k<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y assumptions of the model (<span class=\"_ _0\"></span>discount r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es and gro<span class=\"_ _4\"></span>wth in<span class=\"_ _8\"></span> perpetuity), to e<span class=\"_ _0\"></span>xamine the adequac<span class=\"_ _0\"></span>y of the abo<span class=\"_ _0\"></span>ve headr<span class=\"_ _4\"></span>oom. Sensitivity analysis results indica<span class=\"_ _0\"></span>ted that the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount is c<span class=\"_ _0\"></span>omfortably e<span class=\"_ _4\"></span>xceeds the carrying v<span class=\"_ _0\"></span>alue of the CGU<span class=\"_ _0\"></span>. Assumptions ma<span class=\"_ _0\"></span>y change as follo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>s so as the rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erable amount equals the carrying amount:  Assumptions used  Change in rat<span class=\"_ _0\"></span>es (percentage points change<span class=\"_ _0\"></span>)<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Discount ra<span class=\"_ _0\"></span>te <span class=\"_ _13d\"> </span>12.0<span class=\"_ _0\"></span>2 % <span class=\"_ _195\"> </span>+ 14.5 ppc Growth in perpe<span class=\"_ _0\"></span>tuity <span class=\"_ _1d8\"> </span>1.52 % <span class=\"_ _1f7\"> </span>- 118.<span class=\"_ _0\"></span>0 ppc",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-239-2": {
   "value": "20. In<span class=\"_ _4\"></span>vestment pr<span class=\"_ _0\"></span>operty A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _17e\"> </span>764 <span class=\"_ _d0\"> </span>764  Disposal <span class=\"_ _201\"> </span>(609) <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _202\"> </span>155 <span class=\"_ _147\"> </span>764  Gross carrying amount <span class=\"_ _16a\"> </span>5<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span>1 <span class=\"_ _c9\"> </span>1,348  Ac<span class=\"_ _0\"></span>cumulated depr<span class=\"_ _0\"></span>eciation and impairment losses <span class=\"_ _203\"> </span>(416) <span class=\"_ _204\"> </span>(584)  Carrying amount on 31 December <span class=\"_ _205\"> </span>155 <span class=\"_ _147\"> </span>764 Inv<span class=\"_ _4\"></span>estment property on 31 December 20<span class=\"_ _0\"></span>22 consists of se<span class=\"_ _4\"></span>veral land pr<span class=\"_ _4\"></span>operties in Greece. None of these is curr<span class=\"_ _0\"></span>ently leased. These pr<span class=\"_ _0\"></span>operties ar<span class=\"_ _0\"></span>e not currently used b<span class=\"_ _4\"></span>y Cenergy Holdings and ar<span class=\"_ _0\"></span>e held either for capital appr<span class=\"_ _0\"></span>eciation or to be leased in the for<span class=\"_ _4\"></span>eseeable future.  During 2022, a land pr<span class=\"_ _0\"></span>operty with carrying amount of EUR 609 thousand along with associat<span class=\"_ _0\"></span>ed rights of EUR 151 thousand (rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the line long term \u2018T<span class=\"_ _1\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables\u2019) was sold to a thir<span class=\"_ _0\"></span>d party<span class=\"_ _1\"></span>. The proc<span class=\"_ _0\"></span>eeds from this disposal amounted to EUR 1.<span class=\"_ _4\"></span>1 million. B. Measurement of fair v<span class=\"_ _4\"></span>alue \u2013 Impairment loss and subsequent rev<span class=\"_ _4\"></span>ersal<span class=\"_ _8\"></span> Based on management\u2019s asses<span class=\"_ _0\"></span>sment, during the curr<span class=\"_ _0\"></span>ent period, there w<span class=\"_ _4\"></span>ere no indications for impairment or re<span class=\"_ _4\"></span>versal of impairment for any pr<span class=\"_ _4\"></span>operty<span class=\"_ _4\"></span>. The fair v<span class=\"_ _0\"></span>alue of inv<span class=\"_ _4\"></span>estment property amounts t<span class=\"_ _0\"></span>o EUR 195 thousand on 31 December 2022, while the ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>s amounts to EUR 4<span class=\"_ _0\"></span>16 thousand. The inputs used f<span class=\"_ _0\"></span>or fair value measur<span class=\"_ _4\"></span>ement of investment pr<span class=\"_ _4\"></span>operty have been ca<span class=\"_ _0\"></span>tegorised Le<span class=\"_ _4\"></span>vel 2, based on the inputs to the v<span class=\"_ _0\"></span>aluation techniques used. C. Restrictions - Contr<span class=\"_ _4\"></span>actual obligations<span class=\"_ _8\"></span> Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e neither res<span class=\"_ _0\"></span>trictions nor contr<span class=\"_ _0\"></span>actual obligations. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-241-4": {
   "value": "B. Measurement of fair v<span class=\"_ _4\"></span>alue \u2013 Impairment loss and subsequent rev<span class=\"_ _4\"></span>ersal<span class=\"_ _8\"></span> Based on management\u2019s asses<span class=\"_ _0\"></span>sment, during the curr<span class=\"_ _0\"></span>ent period, there w<span class=\"_ _4\"></span>ere no indications for impairment or re<span class=\"_ _4\"></span>versal of impairment for any pr<span class=\"_ _4\"></span>operty<span class=\"_ _4\"></span>. The fair v<span class=\"_ _0\"></span>alue of inv<span class=\"_ _4\"></span>estment property amounts t<span class=\"_ _0\"></span>o EUR 195 thousand on 31 December 2022, while the ac<span class=\"_ _0\"></span>cumulated impairment los<span class=\"_ _0\"></span>s amounts to EUR 4<span class=\"_ _0\"></span>16 thousand. The inputs used f<span class=\"_ _0\"></span>or fair value measur<span class=\"_ _4\"></span>ement of investment pr<span class=\"_ _4\"></span>operty have been ca<span class=\"_ _0\"></span>tegorised Le<span class=\"_ _4\"></span>vel 2, based on the inputs to the v<span class=\"_ _0\"></span>aluation techniques used. 22.<span class=\"_\"> </span>Other inv<span class=\"_ _4\"></span>estments Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _16a\"> </span>5,812 <span class=\"_ _e8\"> </span>5,657  Additions <span class=\"_ _214\"> </span>- <span class=\"_ _be\"> </span>-  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Disposals <span class=\"_ _215\"> </span>- <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 Other inv<span class=\"_ _4\"></span>estments are equity inv<span class=\"_ _4\"></span>estments at FV<span class=\"_ _0\"></span>OCI and conc<span class=\"_ _0\"></span>ern unlisted shar<span class=\"_ _4\"></span>es (equity instruments<span class=\"_ _0\"></span>) of Greek entities.  23. Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es The f<span class=\"_ _0\"></span>ollowing table sets out the carrying amount of deriv<span class=\"_ _4\"></span>atives:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 Derivativ<span class=\"_ _4\"></span>es not designated as hedging instrumentsW<span class=\"_ _4\"></span>eighing up the possible effects of monetary policy tightening in the EU and the US<span class=\"_ _0\"></span>A observ<span class=\"_ _0\"></span>ed during the first semester of 20<span class=\"_ _0\"></span>22 and to offset the pot<span class=\"_ _0\"></span>ential impact on finance cos<span class=\"_ _0\"></span>ts due to incr<span class=\"_ _0\"></span>easing inter<span class=\"_ _4\"></span>est rates, C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings companies decided in Q2 2022 t<span class=\"_ _0\"></span>o start using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>aps.<span class=\"_ _8\"></span> V<span class=\"_ _4\"></span>ariable rat<span class=\"_ _0\"></span>e loans and borro<span class=\"_ _4\"></span>wings expose Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o a rat<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility risk (<span class=\"_ _4\"></span>cash flow risk).  In order t<span class=\"_ _0\"></span>o hedge it, inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate swaps ar<span class=\"_ _4\"></span>e used to effectively tr<span class=\"_ _4\"></span>ansform the variable inter<span class=\"_ _4\"></span>est rate of the loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed one, thus r<span class=\"_ _0\"></span>educing such v<span class=\"_ _0\"></span>olatility risk.  Inter<span class=\"_ _4\"></span>est rate s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts inv<span class=\"_ _4\"></span>olve ex<span class=\"_ _4\"></span>changing, on specified dates cash amounts equal to the differ<span class=\"_ _4\"></span>ence between a c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed inter<span class=\"_ _4\"></span>est rate calculat<span class=\"_ _0\"></span>ed on a principal and a v<span class=\"_ _0\"></span>ariable rat<span class=\"_ _0\"></span>e calculat<span class=\"_ _0\"></span>ed on the same principal.  By car<span class=\"_ _0\"></span>efully choosing the variable r<span class=\"_ _4\"></span>ate and the principal of the swap<span class=\"_ _0\"></span>, one actually transf<span class=\"_ _0\"></span>orms a floating r<span class=\"_ _0\"></span>ate loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te one. During H1 2022, both segments enter<span class=\"_ _4\"></span>ed swap agreements on a t<span class=\"_ _0\"></span>otal notional v<span class=\"_ _0\"></span>alue of EUR 80 million to counterbalanc<span class=\"_ _0\"></span>e potential higher futur<span class=\"_ _4\"></span>e interest c<span class=\"_ _0\"></span>osts on their loans.  All those sw<span class=\"_ _4\"></span>aps have an initial t<span class=\"_ _0\"></span>erm of 7 y<span class=\"_ _0\"></span>ears. These actions ar<span class=\"_ _0\"></span>e in line with the r<span class=\"_ _0\"></span>elated policy of C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies aiming to ensur<span class=\"_ _4\"></span>e that a portion of<span class=\"_ _8\"></span> their loans and borro<span class=\"_ _4\"></span>wings are at fix<span class=\"_ _0\"></span>ed rat<span class=\"_ _0\"></span>es. The f<span class=\"_ _0\"></span>air value of an int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e is determined b<span class=\"_ _4\"></span>y discounting its future cash flo<span class=\"_ _0\"></span>ws using term structur<span class=\"_ _4\"></span>e of interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es at the reporting da<span class=\"_ _0\"></span>te and the cr<span class=\"_ _0\"></span>edit risk inher<span class=\"_ _0\"></span>ent in the sw<span class=\"_ _0\"></span>ap contr<span class=\"_ _0\"></span>act, if any<span class=\"_ _1\"></span>. The int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e entered into f<span class=\"_ _0\"></span>or periods consis<span class=\"_ _0\"></span>tent with the e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e of the underlying debt instruments but ar<span class=\"_ _0\"></span>e not designated as cash flo<span class=\"_ _0\"></span>w hedges since the timing and amount t<span class=\"_ _0\"></span>erms in<span class=\"_ _0\"></span>volv<span class=\"_ _4\"></span>ed in the swap contr<span class=\"_ _0\"></span>acts do not e<span class=\"_ _0\"></span>xactly mat<span class=\"_ _0\"></span>ch those of the underlying debt instruments; ther<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, a hedging r<span class=\"_ _0\"></span>elationship as described in IFRS is not established. Consequently<span class=\"_ _1\"></span>, the valuation of such int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts is included in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. Hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hold deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e financial instruments f<span class=\"_ _0\"></span>or cash flow and f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges.  The abo<span class=\"_ _4\"></span>vementioned derivativ<span class=\"_ _4\"></span>e financial instruments co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er risks from:  \u2022 <span class=\"_ _23\"> </span>Changes in the pric<span class=\"_ _0\"></span>es of metals list<span class=\"_ _0\"></span>ed in LME. \u2022 <span class=\"_ _23\"> </span>Fluctua<span class=\"_ _0\"></span>tions of for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es. The maturity and the nominal v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es held by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies, in principle, mat<span class=\"_ _0\"></span>ch the maturity and nominal v<span class=\"_ _0\"></span>alue of the underlying assets / liabilities (hedged items<span class=\"_ _0\"></span>). Derivativ<span class=\"_ _4\"></span>es held by Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies c<span class=\"_ _0\"></span>oncern mainly:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>uture c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts to hedge the risk fr<span class=\"_ _0\"></span>om the change of the price of metals lis<span class=\"_ _0\"></span>ted in LME (London Metal Ex<span class=\"_ _0\"></span>change) and used in pr<span class=\"_ _4\"></span>oduction of Cenergy Holdings\u2019 companies in the cables segment (i.<span class=\"_ _0\"></span>e., mainly c<span class=\"_ _0\"></span>opper and aluminium). Such hedges are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>oreign ex<span class=\"_ _4\"></span>change forwards t<span class=\"_ _0\"></span>o hedge the risk fr<span class=\"_ _0\"></span>om the change in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e of US Dollar and British Pound (i.e., curr<span class=\"_ _4\"></span>encies to which Cenergy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ar<span class=\"_ _0\"></span>e mainly exposed). Such hedges ar<span class=\"_ _4\"></span>e either designated<span class=\"_ _8\"></span> as fair v<span class=\"_ _0\"></span>alue or cash flo<span class=\"_ _0\"></span>w hedges depending on the item hedged. F<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, when used for hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _4\"></span>ables denominated in for<span class=\"_ _0\"></span>eign currency ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> designated as f<span class=\"_ _0\"></span>air value hedges. F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change forw<span class=\"_ _0\"></span>ards, when used f<span class=\"_ _0\"></span>or hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on the for<span class=\"_ _0\"></span>ecasted sales of goods or pur<span class=\"_ _4\"></span>chase of materials, are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. Derivativ<span class=\"_ _4\"></span>es are rec<span class=\"_ _0\"></span>ognised when Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ent<span class=\"_ _0\"></span>er into the tr<span class=\"_ _4\"></span>ansaction in order to hedge the fair v<span class=\"_ _0\"></span>alue of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, liabilities or commitments (f<span class=\"_ _0\"></span>air value hedges<span class=\"_ _4\"></span>) or highly probable transactions (<span class=\"_ _4\"></span>cash flow hedges). F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. Cash flow hedges  The eff<span class=\"_ _0\"></span>ective portion of change in f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as a cash flo<span class=\"_ _0\"></span>w hedge is r<span class=\"_ _0\"></span>ecognised in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (<span class=\"_ _4\"></span>OCI), under \u201cHedging Reserve\u201d. The gain or los<span class=\"_ _0\"></span>s on the non-effectiv<span class=\"_ _4\"></span>e proportion is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded to the pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecor<span class=\"_ _4\"></span>ded in \u201cHedging Reserve\u201d ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified to the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss of the period when the ev<span class=\"_ _4\"></span>ent hedged occurs, i.e. at the dat<span class=\"_ _0\"></span>e when the for<span class=\"_ _4\"></span>ecasted transaction which c<span class=\"_ _0\"></span>onstitutes the object of the hedge took place or the hedged it<span class=\"_ _0\"></span>em affects pr<span class=\"_ _4\"></span>ofit and loss (for ex<span class=\"_ _0\"></span>ample, in case of a forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sale of aluminium, the reserv<span class=\"_ _4\"></span>e is recognised in Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss aft<span class=\"_ _0\"></span>er the net cash settlement of future c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act and at the date the aluminium sold). When a hedge item is sold or when the hedging pr<span class=\"_ _0\"></span>oportion no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, the amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d remain as a reserv<span class=\"_ _4\"></span>e and are reclas<span class=\"_ _0\"></span>sified to the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged asset aff<span class=\"_ _0\"></span>ects pr<span class=\"_ _0\"></span>ofits or losses. In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction, which is no longer expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ealized, the amounts recor<span class=\"_ _4\"></span>ded<span class=\"_ _8\"></span> in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss.  The change in f<span class=\"_ _0\"></span>air value r<span class=\"_ _4\"></span>ecognized in equity under cash flo<span class=\"_ _0\"></span>w hedging on 31 December 2022 will be r<span class=\"_ _4\"></span>ecycled to the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s during 2023 and the long term portion during 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4, in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the maturity date of the deriv<span class=\"_ _4\"></span>atives used, when the hedged e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents are e<span class=\"_ _4\"></span>xpected to occur (the for<span class=\"_ _4\"></span>ecasted transactions will take plac<span class=\"_ _0\"></span>e or the hedged items will aff<span class=\"_ _0\"></span>ect profit or los<span class=\"_ _0\"></span>s). Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedge at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely) the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedge b<span class=\"_ _4\"></span>y applying the dollar offset method on a<span class=\"_ _8\"></span> cumulativ<span class=\"_ _0\"></span>e basis is ex<span class=\"_ _0\"></span>amined. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies\u2019 r<span class=\"_ _0\"></span>esults fr<span class=\"_ _0\"></span>om the hedging activities rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed for metal futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts in \u201cRe<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue\u201d and \u201cCos<span class=\"_ _0\"></span>t of sales\u201d.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss ar<span class=\"_ _0\"></span>e the follo<span class=\"_ _0\"></span>wing:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  Gain / (loss) on futur<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts <span class=\"_ _1d8\"> </span>1,934 <span class=\"_ _aa\"> </span>(14,<span class=\"_ _0\"></span>166)  Gain / (loss) on for<span class=\"_ _4\"></span>eign exchange f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts <span class=\"_ _fa\"> </span>7<span class=\"_ _1\"></span>,579 <span class=\"_ _c9\"> </span>(189)  T<span class=\"_ _1\"></span>otal <span class=\"_ _c8\"> </span>12,881 <span class=\"_ _1ad\"> </span>(14,355) The v<span class=\"_ _0\"></span>aluation of futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts used for cash flow hedging and r<span class=\"_ _0\"></span>ecognized in other c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (Hedging reserv<span class=\"_ _4\"></span>e) on 31 December 2022 will be r<span class=\"_ _4\"></span>ecognized in profit or los<span class=\"_ _0\"></span>s during the ne<span class=\"_ _0\"></span>xt financial y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>, while<span class=\"_ _8\"></span> the valuation of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change forwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts will be r<span class=\"_ _0\"></span>ecy<span class=\"_ _0\"></span>cled to the c<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tatement of pr<span class=\"_ _4\"></span>ofit or loss<span class=\"_ _8\"></span> during 2023 and 202<span class=\"_ _4\"></span>4, in accordanc<span class=\"_ _0\"></span>e with the maturity dat<span class=\"_ _0\"></span>e of the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es used. A.<span class=\"_\"> </span>Ac<span class=\"_ _0\"></span>counting clas<span class=\"_ _0\"></span>sifications and fair v<span class=\"_ _0\"></span>aluesThe f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the carrying amounts and fair values of financial as<span class=\"_ _0\"></span>sets and financial liabilities, including the lev<span class=\"_ _4\"></span>els in the fair value hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 31/12/2022  Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _114\"> </span>6,308 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _1f8\"> </span>6,308 <span class=\"_ _8f\"> </span><span class=\"ff1a\">6,308</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _123\"> </span>16,612 <span class=\"_ _90\"> </span>463 <span class=\"_ _71\"> </span>16,14<span class=\"_ _0\"></span>9 <span class=\"_ _1bf\"> </span>- <span class=\"_ _165\"> </span><span class=\"ff1a\">16,612</span> 22,920 <span class=\"_ _7a\"> </span>463 <span class=\"_ _4c\"> </span>16,<span class=\"_ _4\"></span>149 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _46\"> </span>22,920  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _10b\"> </span>(10,<span class=\"_ _0\"></span>790) <span class=\"_ _71\"> </span>(956) <span class=\"_ _92\"> </span>(9,833) <span class=\"_ _22f\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a\">(10,790) </span>12,<span class=\"_ _0\"></span>130 <span class=\"_ _1c2\"> </span>(493) <span class=\"_ _46\"> </span>6,315 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _165\"> </span>12,<span class=\"_ _0\"></span>13031/12/2021 <span class=\"_ _245\"> </span> <span class=\"_ _3e\"> </span>   Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _1b3\"> </span>5,812 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _e4\"> </span>5,812 <span class=\"_ _1be\"> </span><span class=\"ff1a\">5,812</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _246\"> </span>1,480 <span class=\"_ _174\"> </span>- <span class=\"_ _18d\"> </span>536 <span class=\"_ _fb\"> </span>944 <span class=\"_ _18d\"> </span><span class=\"ff1a\">1,480</span>   <span class=\"_ _247\"> </span>7<span class=\"_ _1\"></span>,293 <span class=\"_ _1fb\"> </span>- <span class=\"_ _18b\"> </span>536 <span class=\"_ _46\"> </span>6,756 <span class=\"_ _fb\"> </span>7<span class=\"_ _1\"></span>,293  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _228\"> </span>(2,596) <span class=\"_ _33\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _1fa\"> </span>(1,397) <span class=\"_ _1bf\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">(2,596) </span>  <span class=\"_ _248\"> </span>4,697 <span class=\"_ _f6\"> </span>(1,199) <span class=\"_ _1f8\"> </span>(861) <span class=\"_ _18f\"> </span>6,756 <span class=\"_ _8f\"> </span>4,69<span class=\"_ _0\"></span>7The v<span class=\"_ _0\"></span>arious le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els are as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1: Quoted prices (unadjust<span class=\"_ _0\"></span>ed) in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or identical assets and liabilities. \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2: Inputs that are observ<span class=\"_ _0\"></span>able either directly or indir<span class=\"_ _4\"></span>ectly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3: Unobservable inputs for assets and liabilities. The f<span class=\"_ _0\"></span>air value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing financial assets and liabilities measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t appro<span class=\"_ _4\"></span>ximate their carrying amount: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>Cash and cash equiv<span class=\"_ _4\"></span>alents;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>oans and borro<span class=\"_ _4\"></span>wings.<span class=\"_ _8\"></span>  Specifically<span class=\"_ _4\"></span>, the carrying amount of loans and borro<span class=\"_ _4\"></span>wings is considered as a good appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximation of their fair v<span class=\"_ _4\"></span>alue<span class=\"_ _8\"></span> as: \u2022 <span class=\"_ _23\"> </span>9<span class=\"_ _0\"></span>3.8% of consolidat<span class=\"_ _0\"></span>ed loans and borr<span class=\"_ _0\"></span>owings c<span class=\"_ _0\"></span>oncern floating-r<span class=\"_ _4\"></span>ate debt, which are a v<span class=\"_ _4\"></span>ery good approximation of current mark<span class=\"_ _4\"></span>et rates; \u2022 <span class=\"_ _23\"> </span>As f<span class=\"_ _0\"></span>or fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate ins<span class=\"_ _0\"></span>truments (EUR 36.8 million on 31 Dec 2022), the fair v<span class=\"_ _4\"></span>alue test based on current mark<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>ates indicates that their f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue determined to EUR 38.2 million.  The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation bet<span class=\"_ _0\"></span>ween opening and closing balanc<span class=\"_ _0\"></span>es for L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 financial assets,<span class=\"_ _8\"></span> which are clas<span class=\"_ _0\"></span>sified as Equity inv<span class=\"_ _4\"></span>estments at:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _249\"> </span>5,812 <span class=\"_ _204\"> </span>5,657  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 B. Measurement of fair v<span class=\"_ _4\"></span>alues<span class=\"_ _8\"></span> a) V<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echniques and significant unobserv<span class=\"_ _0\"></span>able inputs The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e traded in activ<span class=\"_ _4\"></span>e markets (st<span class=\"_ _0\"></span>ock mark<span class=\"_ _0\"></span>ets) (<span class=\"_ _4\"></span>e.g. derivativ<span class=\"_ _4\"></span>es such as futures, shares, bonds, mutual funds<span class=\"_ _0\"></span>) ar<span class=\"_ _0\"></span>e set acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the published prices (L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1 inputs) that are v<span class=\"_ _4\"></span>alid on the reporting date. T<span class=\"_ _4\"></span>he fair value of financial assets is det<span class=\"_ _0\"></span>ermined by their off<span class=\"_ _0\"></span>er price<span class=\"_ _0\"></span>, while the fair v<span class=\"_ _0\"></span>alue of financial liabilities is determined b<span class=\"_ _0\"></span>y their bid price<span class=\"_ _0\"></span>.  The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e not traded in activ<span class=\"_ _4\"></span>e markets are det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valua<span class=\"_ _0\"></span>tion techniques and standar<span class=\"_ _0\"></span>ds that ar<span class=\"_ _0\"></span>e based on market data on the r<span class=\"_ _4\"></span>eporting date. The f<span class=\"_ _0\"></span>air values of financial liabilities, f<span class=\"_ _0\"></span>or the purpose of being r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in Financial Stat<span class=\"_ _0\"></span>ements, are es<span class=\"_ _0\"></span>timated based on the present v<span class=\"_ _4\"></span>alue of the future cash flow<span class=\"_ _0\"></span>s that arise fr<span class=\"_ _0\"></span>om specific contr<span class=\"_ _0\"></span>acts using the curr<span class=\"_ _0\"></span>ent inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate tha<span class=\"_ _0\"></span>t is av<span class=\"_ _0\"></span>ailable for C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies for the use of similar financial cr<span class=\"_ _4\"></span>edit means.<span class=\"_ _8\"></span> Inputs that do not meet the respectiv<span class=\"_ _4\"></span>e criteria and cannot be classified in Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 1 but are observ<span class=\"_ _4\"></span>able, either directly or indirectly<span class=\"_ _1\"></span>, fall under Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2. Ov<span class=\"_ _0\"></span>er-the-count<span class=\"_ _0\"></span>er deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments based on prices obtained fr<span class=\"_ _0\"></span>om brok<span class=\"_ _4\"></span>ers are classified in this lev<span class=\"_ _4\"></span>el.<span class=\"_ _8\"></span>  The financial assets, such as unlis<span class=\"_ _0\"></span>ted shar<span class=\"_ _0\"></span>es or option schemes that ar<span class=\"_ _0\"></span>e not tr<span class=\"_ _0\"></span>aded in an activ<span class=\"_ _0\"></span>e market whose measurement is based either on the C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies\u2019 for<span class=\"_ _0\"></span>ecasts f<span class=\"_ _0\"></span>or the issuer\u2019s futur<span class=\"_ _0\"></span>e profitabilit<span class=\"_ _0\"></span>y or on other widely acceptable method ar<span class=\"_ _4\"></span>e classified under Lev<span class=\"_ _4\"></span>el 3.<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the valuation techniques used in measuring f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alues, as well as the significant unobservable inputs used:  <span class=\"_ _112\"> </span> <span class=\"_ _1b8\"> </span>T<span class=\"_ _4\"></span>ype <span class=\"_ _13b\"> </span> V<span class=\"_ _4\"></span>aluation technique Significant unobserv<span class=\"_ _0\"></span>able inputs Int<span class=\"_ _0\"></span>er-relationship <span class=\"_ _8\"></span>between<span class=\"_ _8\"></span>  ke<span class=\"_ _4\"></span>y unobservable inputs<span class=\"_ _d\"></span> <span class=\"_ _1\"></span> and fair v<span class=\"_ _0\"></span>alue measurement<span class=\"_ _8\"></span>  Forw<span class=\"_ _0\"></span>ards <span class=\"_ _1be\"> </span> ex<span class=\"_ _4\"></span>change <span class=\"_ _194\"> </span> contr<span class=\"_ _0\"></span>acts <span class=\"_ _1be\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Market comparis<span class=\"_ _0\"></span>on technique: The fair v<span class=\"_ _0\"></span>alues are based on  broker quotes. Similar c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts  are traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et and  the quotes reflect the actual  transactions in similar instruments Broker quotes Not applicable  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate  <span class=\"_ _1fa\"> </span> swap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts <span class=\"_ _91\"> </span> <span class=\"_ _103\"> </span>Discounting of the future cash flo<span class=\"_ _0\"></span>wsusing the interest r<span class=\"_ _0\"></span>ate curv<span class=\"_ _4\"></span>es at  the reporting date and the cr<span class=\"_ _0\"></span>edit  risk inherent in the contr<span class=\"_ _0\"></span>act Credit risk data Not applicable  Future c<span class=\"_ _0\"></span>ontracts  <span class=\"_ _103\"> </span><span class=\"ff1c\">Market value</span>: Pric<span class=\"_ _0\"></span>e as traded in active market Not applicable   Not applicable  Equity securities  not traded in <span class=\"_ _34\"> </span> active mark<span class=\"_ _0\"></span>ets <span class=\"_ _9d\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Adjust<span class=\"_ _0\"></span>ed Net Asset Me<span class=\"_ _0\"></span>thod: Acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o this method the  Group adjus<span class=\"_ _0\"></span>ts the book values  of an investment\u2019<span class=\"_ _0\"></span>s assets and  liabilities, if and when necessary<span class=\"_ _4\"></span>,  to arrive at their f<span class=\"_ _0\"></span>air market v<span class=\"_ _0\"></span>alue  at the time of valuation  In<span class=\"_ _0\"></span>vestmen<span class=\"_ _0\"></span>t in No<span class=\"_ _0\"></span>val Propert<span class=\"_ _0\"></span>y: Nov<span class=\"_ _0\"></span>al Property is a r<span class=\"_ _4\"></span>eal estate company follo<span class=\"_ _4\"></span>wing fair value  model to value its as<span class=\"_ _0\"></span>sets.  Therefor<span class=\"_ _4\"></span>e, net assets is  considered a r<span class=\"_ _0\"></span>eliable metric  for the estimation of fair  value of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estmentThe es<span class=\"_ _0\"></span>timated f<span class=\"_ _0\"></span>air value  w<span class=\"_ _0\"></span>ould increase (<span class=\"_ _4\"></span>decrease)  based on the fair v<span class=\"_ _0\"></span>alue of  underlying pr<span class=\"_ _0\"></span>operties  b) T<span class=\"_ _1\"></span>ransf<span class=\"_ _0\"></span>ers between L<span class=\"_ _4\"></span>ev<span class=\"_ _0\"></span>els 1 and 2 Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ere no tr<span class=\"_ _4\"></span>ansfers from Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2 to L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vel 1 or fr<span class=\"_ _4\"></span>om Lev<span class=\"_ _0\"></span>el 1 to L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2 in 2022 and no transfers in either dir<span class=\"_ _0\"></span>ection in 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-243-2": {
   "value": "21. Equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _206\"> </span>36,431 <span class=\"_ _1d4\"> </span>34,539  Share in pr<span class=\"_ _0\"></span>ofit after tax<span class=\"_ _4\"></span>es <span class=\"_ _207\"> </span>6,059 <span class=\"_ _c9\"> </span>1,855  Share in other c<span class=\"_ _0\"></span>omprehensiv<span class=\"_ _4\"></span>e income <span class=\"_ _129\"> </span>(133) <span class=\"_ _11c\"> </span>(94)  Disposals <span class=\"_ _17d\"> </span>(2,3<span class=\"_ _0\"></span>58) <span class=\"_ _be\"> </span>-  Dividends rec<span class=\"_ _0\"></span>eived <span class=\"_ _208\"> </span>(282) <span class=\"_ _204\"> </span>(656)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _72\"> </span>1,2<span class=\"_ _0\"></span>41 <span class=\"_ _10e\"> </span>7<span class=\"_ _0\"></span>86  Balance on 31 December <span class=\"_ _b0\"> </span>40,959 <span class=\"_ _b5\"> </span>36,431 In the prior year<span class=\"_ _1\"></span>, the Group - thr<span class=\"_ _0\"></span>ough CPW America - held a 19.4% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company and acc<span class=\"_ _0\"></span>ounted for the in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tment as an associat<span class=\"_ _0\"></span>e. In Augus<span class=\"_ _0\"></span>t 2022, the Gr<span class=\"_ _0\"></span>oup disposed its inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company f<span class=\"_ _0\"></span>or proc<span class=\"_ _0\"></span>eeds of USD 3.3 million, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able in monthly instalments. T<span class=\"_ _0\"></span>he disposal price w<span class=\"_ _0\"></span>as acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the initial purchase agr<span class=\"_ _4\"></span>eement, which prescribed that CPW America had the option, during the period 2022-2025 t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>equire Bellville T<span class=\"_ _1\"></span>ube Company to r<span class=\"_ _0\"></span>edeem all, but not less than all, of the shar<span class=\"_ _0\"></span>es of Bellville T<span class=\"_ _1\"></span>ube Company then held b<span class=\"_ _0\"></span>y CPW America. The aggr<span class=\"_ _4\"></span>egate purchase price f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>edeemed shares w<span class=\"_ _0\"></span>as set equal to USD 3.3 million, i.<span class=\"_ _4\"></span>e., the<span class=\"_ _8\"></span> amount initially disbursed for the pur<span class=\"_ _0\"></span>chase of the inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company<span class=\"_ _1\"></span>. This tr<span class=\"_ _0\"></span>ansaction has also result<span class=\"_ _0\"></span>ed in the der<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elated options pr<span class=\"_ _4\"></span>eviously rec<span class=\"_ _0\"></span>ognised on the stat<span class=\"_ _0\"></span>ement of financial position. The amount rec<span class=\"_ _0\"></span>ognised as loss in the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss is calculat<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _162\"> </span> <span class=\"_ _137\"> </span> Disposal price <span class=\"_ _b8\"> </span> <span class=\"_ _163\"> </span>3,24<span class=\"_ _0\"></span>1  Less:  <span class=\"_ _209\"> </span> <span class=\"_ _137\"> </span>  Carrying amount of inv<span class=\"_ _0\"></span>estment on the dat<span class=\"_ _0\"></span>e of disposal <span class=\"_ _20a\"> </span> <span class=\"_ _176\"> </span>(2,358)  Carrying amount of options on the date of disposal <span class=\"_ _1d2\"> </span> <span class=\"_ _176\"> </span>(1,<span class=\"_ _0\"></span>040)  Loss rec<span class=\"_ _0\"></span>ognised from disposal of as<span class=\"_ _0\"></span>sociate <span class=\"_ _132\"> </span> <span class=\"_ _111\"> </span>(156) B. Financial information per associat<span class=\"_ _0\"></span>e The f<span class=\"_ _0\"></span>ollowing tables pr<span class=\"_ _4\"></span>esent financial information per associate. T<span class=\"_ _0\"></span>he disclosed financial informa<span class=\"_ _0\"></span>tion reflects amounts in the financial statements of the r<span class=\"_ _4\"></span>elevant as<span class=\"_ _0\"></span>sociates. 2022 <span class=\"_ _20b\"> </span>  Company <span class=\"_ _121\"> </span> <span class=\"_ _20c\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Principal place of business   Rev<span class=\"_ _4\"></span>enue Profit fr<span class=\"_ _0\"></span>om continuing operations T<span class=\"_ _4\"></span>otal compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income  Ownership<span class=\"_ _8\"></span> interest<span class=\"_ _8\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _3d\"> </span>52,518 <span class=\"_ _c3\"> </span>1,861 <span class=\"_ _1fb\"> </span>1,779 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13b\"> </span>2,781 <span class=\"_ _118\"> </span>95 <span class=\"_ _20d\"> </span>94 <span class=\"_ _9a\"> </span>26.<span class=\"_ _4\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _3d\"> </span>95,2<span class=\"_ _0\"></span>46 <span class=\"_ _d9\"> </span>7<span class=\"_ _4\"></span>,287 <span class=\"_ _f0\"> </span>7<span class=\"_ _0\"></span>,287 <span class=\"_ _f6\"> </span>49.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _e2\"> </span>1,724,<span class=\"_ _4\"></span>169 <span class=\"_ _1cc\"> </span>6,600 <span class=\"_ _174\"> </span>6,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>71 <span class=\"_ _1fa\"> </span>20.50% Company <span class=\"_ _e8\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-current<span class=\"_ _8\"></span> liabilities<span class=\"_ _d\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>13,191 <span class=\"_ _12b\"> </span>5,388 <span class=\"_ _e7\"> </span>13,37<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>2,619  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _40\"> </span>2,966 <span class=\"_ _1d0\"> </span>11,846 <span class=\"_ _20f\"> </span>891 <span class=\"_ _8f\"> </span>8,<span class=\"_ _0\"></span>172  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _20\"> </span>69,910 <span class=\"_ _113\"> </span>5,252 <span class=\"_ _1c4\"> </span>42,498 <span class=\"_ _1f1\"> </span>87  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _22\"> </span>149,577 <span class=\"_ _113\"> </span>8,2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>7 <span class=\"_ _1c4\"> </span>103,<span class=\"_ _4\"></span>172 <span class=\"_ _3b\"> </span>6,0322021 Company <span class=\"_ _a4\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Principal place <span class=\"_ _d0\"> </span>of business Rev<span class=\"_ _4\"></span>enue Profit / (Loss<span class=\"_ _0\"></span>) from continuing operations T<span class=\"_ _4\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income Ownership<span class=\"_ _8\"></span> inter<span class=\"_ _0\"></span>est  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _f8\"> </span>39,4<span class=\"_ _0\"></span>78 <span class=\"_ _d7\"> </span>825 <span class=\"_ _12b\"> </span>7<span class=\"_ _8\"></span>13 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13f\"> </span>2,44<span class=\"_ _0\"></span>7 <span class=\"_ _b1\"> </span>127 <span class=\"_ _13f\"> </span>131 <span class=\"_ _9a\"> </span>26.<span class=\"_ _0\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _1bd\"> </span>70,009 <span class=\"_ _210\"> </span>1,910 <span class=\"_ _fe\"> </span>1,910 <span class=\"_ _44\"> </span>49<span class=\"_ _0\"></span>.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _8f\"> </span>1,438,330 <span class=\"_ _13f\"> </span>5,816 <span class=\"_ _174\"> </span>5,516 <span class=\"_ _33\"> </span>20<span class=\"_ _0\"></span>.50%  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>USA <span class=\"_ _d7\"> </span>20,238 <span class=\"_ _134\"> </span>(2,837) <span class=\"_ _19b\"> </span>(2,837) <span class=\"_ _f3\"> </span>19.40% Company <span class=\"_ _1c5\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _d\"></span> liabilities<span class=\"ff19 fc9 ls5\"> </span> STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>7<span class=\"_ _1\"></span>,847 <span class=\"_ _20d\"> </span>3,56<span class=\"_ _0\"></span>1 <span class=\"_ _f0\"> </span>7<span class=\"_ _4\"></span>,937 <span class=\"_ _20\"> </span>1,710  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _1f9\"> </span>1,968 <span class=\"_ _f8\"> </span>12,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>70 <span class=\"_ _20f\"> </span>193 <span class=\"_ _18d\"> </span>8,191  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _165\"> </span>64,836 <span class=\"_ _1d0\"> </span>5,<span class=\"_ _0\"></span>004 <span class=\"_ _1c4\"> </span>46,926 <span class=\"_ _1f1\"> </span>23  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _89\"> </span>187<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>131 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>,681 <span class=\"_ _18b\"> </span>145,803 <span class=\"_ _197\"> </span>6,461  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>Steel Pipes <span class=\"_ _174\"> </span>422 <span class=\"_ _1bd\"> </span>13,<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>44 <span class=\"_ _1f1\"> </span>3,988 <span class=\"_ _7a\"> </span>3,418The f<span class=\"_ _0\"></span>ollowing table analy<span class=\"_ _0\"></span>ses the inter<span class=\"_ _4\"></span>est in AO TMK<span class=\"_ _4\"></span>-CPW and other significant associates:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 1 January (100%) <span class=\"_ _203\"> </span>22,891 <span class=\"_ _b1\"> </span>20<span class=\"_ _0\"></span>,336  T<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _4\"></span>e income of AO TMK<span class=\"_ _4\"></span>-CPW (100%) <span class=\"_ _56\"> </span>7<span class=\"_ _1\"></span>,287 <span class=\"_ _16c\"> </span>1,910  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es (100%) <span class=\"_ _129\"> </span>2,399 <span class=\"_ _111\"> </span>1,493  Dividends (100%) <span class=\"_ _211\"> </span>- <span class=\"_ _204\"> </span>(849)  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (100%) <span class=\"_ _212\"> </span>32,577 <span class=\"_ _b5\"> </span>22,891  Carrying amount of interes<span class=\"_ _0\"></span>t in A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (49%) <span class=\"_ _115\"> </span>11,216 <span class=\"_ _204\"> </span>11,216  Carrying amount of inter<span class=\"_ _0\"></span>est in International T<span class=\"_ _1\"></span>rade <span class=\"_ _213\"> </span>22,726 <span class=\"_ _12f\"> </span>21,481  Carrying amount of inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company <span class=\"_ _1c1\"> </span>- <span class=\"_ _bc\"> </span>1,7<span class=\"_ _0\"></span>32  Carrying amount of inter<span class=\"_ _0\"></span>est in other individually immaterial as<span class=\"_ _0\"></span>sociates <span class=\"_ _103\"> </span>2,270 <span class=\"_ _cb\"> </span>2,002  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>40,959 <span class=\"_ _ad\"> </span>36,431 Since A<span class=\"_ _4\"></span>O TMK-CP<span class=\"_ _0\"></span>W is based on Russia, ther<span class=\"_ _0\"></span>e are r<span class=\"_ _4\"></span>estrictions on the ability of the associate t<span class=\"_ _0\"></span>o transf<span class=\"_ _0\"></span>er funds to the Company and its subsidiaries in the f<span class=\"_ _0\"></span>orm of cash dividends, due to the c<span class=\"_ _0\"></span>ounter sanctions set b<span class=\"_ _0\"></span>y the Russian F<span class=\"_ _0\"></span>eder<span class=\"_ _0\"></span>ation.<span class=\"_ _8\"></span> Russian legislation put in place sinc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>y 2022 r<span class=\"_ _0\"></span>estrict the pa<span class=\"_ _0\"></span>yments of amounts in ex<span class=\"_ _4\"></span>cess of ca. \u20ac150,<span class=\"_ _0\"></span>000 to EU residents as a r<span class=\"_ _4\"></span>esponse to the EU imposed sanctions against Russia.  Although these res<span class=\"_ _0\"></span>trictions ar<span class=\"_ _0\"></span>e stated t<span class=\"_ _0\"></span>o be tempor<span class=\"_ _0\"></span>ary<span class=\"_ _1\"></span>, to av<span class=\"_ _0\"></span>oid any pot<span class=\"_ _0\"></span>ential loss of income<span class=\"_ _0\"></span>, Humbel Lt<span class=\"_ _0\"></span>d (the o<span class=\"_ _0\"></span>wner of 49% of the shar<span class=\"_ _0\"></span>es in the A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW)<span class=\"_ _8\"></span> has asked A<span class=\"_ _4\"></span>O TMK<span class=\"_ _0\"></span>-CPW to pos<span class=\"_ _0\"></span>tpone the payment of an<span class=\"_ _0\"></span>y dividends, until further notice. T<span class=\"_ _4\"></span>herefor<span class=\"_ _0\"></span>e, during 2022, there w<span class=\"_ _4\"></span>ere no transactions betw<span class=\"_ _4\"></span>een AO TMK<span class=\"_ _4\"></span>-CPW and the Group. Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no other res<span class=\"_ _0\"></span>trictions on the ability of associat<span class=\"_ _0\"></span>es to tr<span class=\"_ _4\"></span>ansfer funds to the Company or its subsidiaries in the form of cash dividends, or to r<span class=\"_ _4\"></span>epay loans or advanc<span class=\"_ _0\"></span>es made by the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Ther<span class=\"_ _0\"></span>e is no unr<span class=\"_ _0\"></span>ecognised shar<span class=\"_ _0\"></span>e of losses of an as<span class=\"_ _0\"></span>sociate, both f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>eporting period and cumulativ<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-243-3": {
   "value": "21. Equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _206\"> </span>36,431 <span class=\"_ _1d4\"> </span>34,539  Share in pr<span class=\"_ _0\"></span>ofit after tax<span class=\"_ _4\"></span>es <span class=\"_ _207\"> </span>6,059 <span class=\"_ _c9\"> </span>1,855  Share in other c<span class=\"_ _0\"></span>omprehensiv<span class=\"_ _4\"></span>e income <span class=\"_ _129\"> </span>(133) <span class=\"_ _11c\"> </span>(94)  Disposals <span class=\"_ _17d\"> </span>(2,3<span class=\"_ _0\"></span>58) <span class=\"_ _be\"> </span>-  Dividends rec<span class=\"_ _0\"></span>eived <span class=\"_ _208\"> </span>(282) <span class=\"_ _204\"> </span>(656)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _72\"> </span>1,2<span class=\"_ _0\"></span>41 <span class=\"_ _10e\"> </span>7<span class=\"_ _0\"></span>86  Balance on 31 December <span class=\"_ _b0\"> </span>40,959 <span class=\"_ _b5\"> </span>36,431 In the prior year<span class=\"_ _1\"></span>, the Group - thr<span class=\"_ _0\"></span>ough CPW America - held a 19.4% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company and acc<span class=\"_ _0\"></span>ounted for the in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tment as an associat<span class=\"_ _0\"></span>e. In Augus<span class=\"_ _0\"></span>t 2022, the Gr<span class=\"_ _0\"></span>oup disposed its inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company f<span class=\"_ _0\"></span>or proc<span class=\"_ _0\"></span>eeds of USD 3.3 million, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able in monthly instalments. T<span class=\"_ _0\"></span>he disposal price w<span class=\"_ _0\"></span>as acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the initial purchase agr<span class=\"_ _4\"></span>eement, which prescribed that CPW America had the option, during the period 2022-2025 t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>equire Bellville T<span class=\"_ _1\"></span>ube Company to r<span class=\"_ _0\"></span>edeem all, but not less than all, of the shar<span class=\"_ _0\"></span>es of Bellville T<span class=\"_ _1\"></span>ube Company then held b<span class=\"_ _0\"></span>y CPW America. The aggr<span class=\"_ _4\"></span>egate purchase price f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>edeemed shares w<span class=\"_ _0\"></span>as set equal to USD 3.3 million, i.<span class=\"_ _4\"></span>e., the<span class=\"_ _8\"></span> amount initially disbursed for the pur<span class=\"_ _0\"></span>chase of the inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company<span class=\"_ _1\"></span>. This tr<span class=\"_ _0\"></span>ansaction has also result<span class=\"_ _0\"></span>ed in the der<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elated options pr<span class=\"_ _4\"></span>eviously rec<span class=\"_ _0\"></span>ognised on the stat<span class=\"_ _0\"></span>ement of financial position. The amount rec<span class=\"_ _0\"></span>ognised as loss in the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss is calculat<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _162\"> </span> <span class=\"_ _137\"> </span> Disposal price <span class=\"_ _b8\"> </span> <span class=\"_ _163\"> </span>3,24<span class=\"_ _0\"></span>1  Less:  <span class=\"_ _209\"> </span> <span class=\"_ _137\"> </span>  Carrying amount of inv<span class=\"_ _0\"></span>estment on the dat<span class=\"_ _0\"></span>e of disposal <span class=\"_ _20a\"> </span> <span class=\"_ _176\"> </span>(2,358)  Carrying amount of options on the date of disposal <span class=\"_ _1d2\"> </span> <span class=\"_ _176\"> </span>(1,<span class=\"_ _0\"></span>040)  Loss rec<span class=\"_ _0\"></span>ognised from disposal of as<span class=\"_ _0\"></span>sociate <span class=\"_ _132\"> </span> <span class=\"_ _111\"> </span>(156) B. Financial information per associat<span class=\"_ _0\"></span>e The f<span class=\"_ _0\"></span>ollowing tables pr<span class=\"_ _4\"></span>esent financial information per associate. T<span class=\"_ _0\"></span>he disclosed financial informa<span class=\"_ _0\"></span>tion reflects amounts in the financial statements of the r<span class=\"_ _4\"></span>elevant as<span class=\"_ _0\"></span>sociates. 2022 <span class=\"_ _20b\"> </span>  Company <span class=\"_ _121\"> </span> <span class=\"_ _20c\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Principal place of business   Rev<span class=\"_ _4\"></span>enue Profit fr<span class=\"_ _0\"></span>om continuing operations T<span class=\"_ _4\"></span>otal compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income  Ownership<span class=\"_ _8\"></span> interest<span class=\"_ _8\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _3d\"> </span>52,518 <span class=\"_ _c3\"> </span>1,861 <span class=\"_ _1fb\"> </span>1,779 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13b\"> </span>2,781 <span class=\"_ _118\"> </span>95 <span class=\"_ _20d\"> </span>94 <span class=\"_ _9a\"> </span>26.<span class=\"_ _4\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _3d\"> </span>95,2<span class=\"_ _0\"></span>46 <span class=\"_ _d9\"> </span>7<span class=\"_ _4\"></span>,287 <span class=\"_ _f0\"> </span>7<span class=\"_ _0\"></span>,287 <span class=\"_ _f6\"> </span>49.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _e2\"> </span>1,724,<span class=\"_ _4\"></span>169 <span class=\"_ _1cc\"> </span>6,600 <span class=\"_ _174\"> </span>6,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>71 <span class=\"_ _1fa\"> </span>20.50% Company <span class=\"_ _e8\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-current<span class=\"_ _8\"></span> liabilities<span class=\"_ _d\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>13,191 <span class=\"_ _12b\"> </span>5,388 <span class=\"_ _e7\"> </span>13,37<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>2,619  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _40\"> </span>2,966 <span class=\"_ _1d0\"> </span>11,846 <span class=\"_ _20f\"> </span>891 <span class=\"_ _8f\"> </span>8,<span class=\"_ _0\"></span>172  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _20\"> </span>69,910 <span class=\"_ _113\"> </span>5,252 <span class=\"_ _1c4\"> </span>42,498 <span class=\"_ _1f1\"> </span>87  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _22\"> </span>149,577 <span class=\"_ _113\"> </span>8,2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>7 <span class=\"_ _1c4\"> </span>103,<span class=\"_ _4\"></span>172 <span class=\"_ _3b\"> </span>6,0322021 Company <span class=\"_ _a4\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Principal place <span class=\"_ _d0\"> </span>of business Rev<span class=\"_ _4\"></span>enue Profit / (Loss<span class=\"_ _0\"></span>) from continuing operations T<span class=\"_ _4\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income Ownership<span class=\"_ _8\"></span> inter<span class=\"_ _0\"></span>est  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _f8\"> </span>39,4<span class=\"_ _0\"></span>78 <span class=\"_ _d7\"> </span>825 <span class=\"_ _12b\"> </span>7<span class=\"_ _8\"></span>13 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13f\"> </span>2,44<span class=\"_ _0\"></span>7 <span class=\"_ _b1\"> </span>127 <span class=\"_ _13f\"> </span>131 <span class=\"_ _9a\"> </span>26.<span class=\"_ _0\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _1bd\"> </span>70,009 <span class=\"_ _210\"> </span>1,910 <span class=\"_ _fe\"> </span>1,910 <span class=\"_ _44\"> </span>49<span class=\"_ _0\"></span>.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _8f\"> </span>1,438,330 <span class=\"_ _13f\"> </span>5,816 <span class=\"_ _174\"> </span>5,516 <span class=\"_ _33\"> </span>20<span class=\"_ _0\"></span>.50%  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>USA <span class=\"_ _d7\"> </span>20,238 <span class=\"_ _134\"> </span>(2,837) <span class=\"_ _19b\"> </span>(2,837) <span class=\"_ _f3\"> </span>19.40% Company <span class=\"_ _1c5\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _d\"></span> liabilities<span class=\"ff19 fc9 ls5\"> </span> STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>7<span class=\"_ _1\"></span>,847 <span class=\"_ _20d\"> </span>3,56<span class=\"_ _0\"></span>1 <span class=\"_ _f0\"> </span>7<span class=\"_ _4\"></span>,937 <span class=\"_ _20\"> </span>1,710  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _1f9\"> </span>1,968 <span class=\"_ _f8\"> </span>12,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>70 <span class=\"_ _20f\"> </span>193 <span class=\"_ _18d\"> </span>8,191  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _165\"> </span>64,836 <span class=\"_ _1d0\"> </span>5,<span class=\"_ _0\"></span>004 <span class=\"_ _1c4\"> </span>46,926 <span class=\"_ _1f1\"> </span>23  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _89\"> </span>187<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>131 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>,681 <span class=\"_ _18b\"> </span>145,803 <span class=\"_ _197\"> </span>6,461  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>Steel Pipes <span class=\"_ _174\"> </span>422 <span class=\"_ _1bd\"> </span>13,<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>44 <span class=\"_ _1f1\"> </span>3,988 <span class=\"_ _7a\"> </span>3,418The f<span class=\"_ _0\"></span>ollowing table analy<span class=\"_ _0\"></span>ses the inter<span class=\"_ _4\"></span>est in AO TMK<span class=\"_ _4\"></span>-CPW and other significant associates:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 1 January (100%) <span class=\"_ _203\"> </span>22,891 <span class=\"_ _b1\"> </span>20<span class=\"_ _0\"></span>,336  T<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _4\"></span>e income of AO TMK<span class=\"_ _4\"></span>-CPW (100%) <span class=\"_ _56\"> </span>7<span class=\"_ _1\"></span>,287 <span class=\"_ _16c\"> </span>1,910  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es (100%) <span class=\"_ _129\"> </span>2,399 <span class=\"_ _111\"> </span>1,493  Dividends (100%) <span class=\"_ _211\"> </span>- <span class=\"_ _204\"> </span>(849)  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (100%) <span class=\"_ _212\"> </span>32,577 <span class=\"_ _b5\"> </span>22,891  Carrying amount of interes<span class=\"_ _0\"></span>t in A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (49%) <span class=\"_ _115\"> </span>11,216 <span class=\"_ _204\"> </span>11,216  Carrying amount of inter<span class=\"_ _0\"></span>est in International T<span class=\"_ _1\"></span>rade <span class=\"_ _213\"> </span>22,726 <span class=\"_ _12f\"> </span>21,481  Carrying amount of inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company <span class=\"_ _1c1\"> </span>- <span class=\"_ _bc\"> </span>1,7<span class=\"_ _0\"></span>32  Carrying amount of inter<span class=\"_ _0\"></span>est in other individually immaterial as<span class=\"_ _0\"></span>sociates <span class=\"_ _103\"> </span>2,270 <span class=\"_ _cb\"> </span>2,002  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>40,959 <span class=\"_ _ad\"> </span>36,431 Since A<span class=\"_ _4\"></span>O TMK-CP<span class=\"_ _0\"></span>W is based on Russia, ther<span class=\"_ _0\"></span>e are r<span class=\"_ _4\"></span>estrictions on the ability of the associate t<span class=\"_ _0\"></span>o transf<span class=\"_ _0\"></span>er funds to the Company and its subsidiaries in the f<span class=\"_ _0\"></span>orm of cash dividends, due to the c<span class=\"_ _0\"></span>ounter sanctions set b<span class=\"_ _0\"></span>y the Russian F<span class=\"_ _0\"></span>eder<span class=\"_ _0\"></span>ation.<span class=\"_ _8\"></span> Russian legislation put in place sinc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>y 2022 r<span class=\"_ _0\"></span>estrict the pa<span class=\"_ _0\"></span>yments of amounts in ex<span class=\"_ _4\"></span>cess of ca. \u20ac150,<span class=\"_ _0\"></span>000 to EU residents as a r<span class=\"_ _4\"></span>esponse to the EU imposed sanctions against Russia.  Although these res<span class=\"_ _0\"></span>trictions ar<span class=\"_ _0\"></span>e stated t<span class=\"_ _0\"></span>o be tempor<span class=\"_ _0\"></span>ary<span class=\"_ _1\"></span>, to av<span class=\"_ _0\"></span>oid any pot<span class=\"_ _0\"></span>ential loss of income<span class=\"_ _0\"></span>, Humbel Lt<span class=\"_ _0\"></span>d (the o<span class=\"_ _0\"></span>wner of 49% of the shar<span class=\"_ _0\"></span>es in the A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW)<span class=\"_ _8\"></span> has asked A<span class=\"_ _4\"></span>O TMK<span class=\"_ _0\"></span>-CPW to pos<span class=\"_ _0\"></span>tpone the payment of an<span class=\"_ _0\"></span>y dividends, until further notice. T<span class=\"_ _4\"></span>herefor<span class=\"_ _0\"></span>e, during 2022, there w<span class=\"_ _4\"></span>ere no transactions betw<span class=\"_ _4\"></span>een AO TMK<span class=\"_ _4\"></span>-CPW and the Group. Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no other res<span class=\"_ _0\"></span>trictions on the ability of associat<span class=\"_ _0\"></span>es to tr<span class=\"_ _4\"></span>ansfer funds to the Company or its subsidiaries in the form of cash dividends, or to r<span class=\"_ _4\"></span>epay loans or advanc<span class=\"_ _0\"></span>es made by the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Ther<span class=\"_ _0\"></span>e is no unr<span class=\"_ _0\"></span>ecognised shar<span class=\"_ _0\"></span>e of losses of an as<span class=\"_ _0\"></span>sociate, both f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>eporting period and cumulativ<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 22.<span class=\"_\"> </span>Other inv<span class=\"_ _4\"></span>estments Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _16a\"> </span>5,812 <span class=\"_ _e8\"> </span>5,657  Additions <span class=\"_ _214\"> </span>- <span class=\"_ _be\"> </span>-  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Disposals <span class=\"_ _215\"> </span>- <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 Other inv<span class=\"_ _4\"></span>estments are equity inv<span class=\"_ _4\"></span>estments at FV<span class=\"_ _0\"></span>OCI and conc<span class=\"_ _0\"></span>ern unlisted shar<span class=\"_ _4\"></span>es (equity instruments<span class=\"_ _0\"></span>) of Greek entities.  31. List of subsidiaries The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s subsidiaries and the inter<span class=\"_ _4\"></span>est held at the end of the reporting period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  <span class=\"_ _1ee\"> </span> Subsidiaries <span class=\"_ _1f3\"> </span>Country of incorpora<span class=\"_ _0\"></span>tion Direct &amp; indirect interest 20<span class=\"_ _0\"></span>22 Direct &amp; indirect<span class=\"_ _8\"></span> <span class=\"_ _3a\"></span> interest 2021<span class=\"_ _8\"></span>  CORINTH PIPEW<span class=\"_ _0\"></span>ORKS S.A. <span class=\"_ _253\"> </span>GREECE <span class=\"_ _275\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  CPW AMERICA CO <span class=\"_ _276\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  HUMBEL L<span class=\"_ _1\"></span>TD <span class=\"_ _20c\"> </span>CYPRUS <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.00% <span class=\"_ _d9\"> </span>100.00%  W<span class=\"_ _4\"></span>ARSA<span class=\"_ _1\"></span>W TUBULAR TRADING SP<span class=\"_ _4\"></span>. ZOO<span class=\"_ _0\"></span>. <span class=\"_ _1a9\"> </span>POLAND <span class=\"_ _198\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  FUL<span class=\"_ _0\"></span>GOR S.A. <span class=\"_ _20c\"> </span>GREECE <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.00% <span class=\"_ _d9\"> </span>100.00%  ICME ECAB S.A. <span class=\"_ _26c\"> </span>ROMANIA <span class=\"_ _198\"> </span>99.98% <span class=\"_ _12e\"> </span>99.98%  LESCO OOD <span class=\"_ _f5\"> </span>BULGARIA <span class=\"_ _278\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  LESCO ROMANIA S.A. <span class=\"_ _119\"> </span>ROMANIA <span class=\"_ _23e\"> </span>65.00% <span class=\"_ _221\"> </span>65.00%  DE LAIRE L<span class=\"_ _1\"></span>TD <span class=\"_ _185\"> </span>CYPRUS <span class=\"_ _275\"> </span>100.00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  HELLENIC CABLES S.A.   HELLENIC CABLE INDUSTR<span class=\"_ _0\"></span>Y S.A. <span class=\"_ _1f2\"> </span>GREECE <span class=\"_ _275\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  HELLENIC CABLES TRADING CO <span class=\"_ _41\"> </span>USA <span class=\"_ _277\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  HELLENIC CABLES AMERICAS C<span class=\"_ _0\"></span>O <span class=\"_ _18a\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _d9\"> </span>100.00%  SP<span class=\"_ _4\"></span>ARROW<span class=\"_ _0\"></span>S POINT PROPERTIES   HOLDINGS LL<span class=\"_ _0\"></span>C <span class=\"_ _279\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _121\"> </span>-  SP<span class=\"_ _4\"></span>ARROW<span class=\"_ _0\"></span>S POINT PROPERTIES LL<span class=\"_ _4\"></span>C <span class=\"_ _1a2\"> </span>USA <span class=\"_ _277\"> </span>100.00% <span class=\"_ _121\"> </span>-  CPW SOLAR S.A. <span class=\"_ _25d\"> </span>GREECE <span class=\"_ _275\"> </span>100.00% <span class=\"_ _121\"> </span>-  CPW WIND S.A. <span class=\"_ _26c\"> </span>GREECE <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>00% <span class=\"_ _27a\"> </span>- For all the abo<span class=\"_ _4\"></span>ve entities, Cener<span class=\"_ _0\"></span>gy Holdings S.A. does ex<span class=\"_ _4\"></span>ercise contr<span class=\"_ _0\"></span>ol dir<span class=\"_ _0\"></span>ectly and/<span class=\"_ _1\"></span>or indirectly<span class=\"_ _4\"></span>. On January 6, 2022, the subsidiary C-Ener<span class=\"_ _0\"></span>gy Americas Co<span class=\"_ _0\"></span>. was r<span class=\"_ _4\"></span>enamed to Hellenic Cables Americas Co.  During 2022, the follo<span class=\"_ _0\"></span>wing subsidiaries w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e established:  \u2022 <span class=\"_ _23\"> </span>Hellenic Cables Americas C<span class=\"_ _0\"></span>o. es<span class=\"_ _0\"></span>tablished tw<span class=\"_ _0\"></span>o new subsidiaries in the US<span class=\"_ _0\"></span>A, SP<span class=\"_ _4\"></span>ARRO<span class=\"_ _0\"></span>WS POINT PR<span class=\"_ _0\"></span>OPERTIES HOLDINGS LL<span class=\"_ _0\"></span>C and SP<span class=\"_ _4\"></span>ARRO<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>S POINT PROPERTIES LL<span class=\"_ _4\"></span>C., to support the construction of a submarine cables factory in the US<span class=\"_ _0\"></span>A. \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A. established two ne<span class=\"_ _0\"></span>w subsidiaries in Gr<span class=\"_ _0\"></span>eece, CP<span class=\"_ _0\"></span>W SOLAR S.A. and CPW WIND S.A to support future in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment plans, without a final decision y<span class=\"_ _4\"></span>et in place. 32. Joint opera<span class=\"_ _0\"></span>tions Hellenic Cables has a 62.48% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, which was set up as a partnership together with V<span class=\"_ _1\"></span>an Oord. The scope of this joint oper<span class=\"_ _4\"></span>ation scheme is to supply and install sea and land cables for the Hollandse K<span class=\"_ _0\"></span>ust (South) Alpha pr<span class=\"_ _0\"></span>oject and Hollandse Kus<span class=\"_ _0\"></span>t (South) Beta project. T<span class=\"_ _0\"></span>he principal place of business of the joint oper<span class=\"_ _0\"></span>ation is in the Netherlands. Hellenic Cables has a 50.<span class=\"_ _0\"></span>77% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _4\"></span>angement called DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., which<span class=\"_ _8\"></span> was set up as a partnership t<span class=\"_ _0\"></span>ogether with T<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. The scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>act for the supply and installa<span class=\"_ _0\"></span>tion of submarine cables for the c<span class=\"_ _0\"></span>onnection of the Seamade offshore wind project t<span class=\"_ _0\"></span>o the Belgian grid. The principal plac<span class=\"_ _0\"></span>e of business of the joint oper<span class=\"_ _0\"></span>ation is in Belgium. Fulgor has a 10.<span class=\"_ _0\"></span>00% inter<span class=\"_ _4\"></span>est in a joint arrangement called Fulgor \u2013 JDN Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Jan De Nul. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the installation of submarine cables for the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>connection Cr<span class=\"_ _0\"></span>ete-Peloponnese in Gr<span class=\"_ _4\"></span>eece. The principal plac<span class=\"_ _0\"></span>e of business of this joint oper<span class=\"_ _0\"></span>ation is in Gr<span class=\"_ _0\"></span>eece. Fulgor has a 70<span class=\"_ _0\"></span>.27% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea Lt<span class=\"_ _0\"></span>d Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the design, manuf<span class=\"_ _0\"></span>acturing, supply and installation of the 150 kV submarine cable s<span class=\"_ _0\"></span>yst<span class=\"_ _0\"></span>em connecting the under construction 330 MW K<span class=\"_ _0\"></span>afireas II W<span class=\"_ _0\"></span>ind F<span class=\"_ _0\"></span>arm to Gr<span class=\"_ _4\"></span>eece\u2019s mainland grid. T<span class=\"_ _0\"></span>he principal place of business of this joint operation is in Gr<span class=\"_ _4\"></span>eece. The abo<span class=\"_ _4\"></span>ve joint operations w<span class=\"_ _4\"></span>ere formed during prior y<span class=\"_ _0\"></span>ears. The agr<span class=\"_ _0\"></span>eements in r<span class=\"_ _0\"></span>elation to the V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., Fulgor \u2013 JDN<span class=\"_ _8\"></span> Consortium and Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td Consortium r<span class=\"_ _4\"></span>equire unanimous consent fr<span class=\"_ _0\"></span>om all parties for all r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant activities. The tw<span class=\"_ _4\"></span>o partners have dir<span class=\"_ _0\"></span>ect rights to the as<span class=\"_ _0\"></span>sets of the partnership and ar<span class=\"_ _0\"></span>e jointly and sev<span class=\"_ _4\"></span>erally liable for the liabilities incurred b<span class=\"_ _4\"></span>y the partnership. These entities are ther<span class=\"_ _4\"></span>efore classified as joint oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the jointly held assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses as described in note 5.<span class=\"_ _0\"></span>1(g). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-243-4": {
   "value": "21. Equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _206\"> </span>36,431 <span class=\"_ _1d4\"> </span>34,539  Share in pr<span class=\"_ _0\"></span>ofit after tax<span class=\"_ _4\"></span>es <span class=\"_ _207\"> </span>6,059 <span class=\"_ _c9\"> </span>1,855  Share in other c<span class=\"_ _0\"></span>omprehensiv<span class=\"_ _4\"></span>e income <span class=\"_ _129\"> </span>(133) <span class=\"_ _11c\"> </span>(94)  Disposals <span class=\"_ _17d\"> </span>(2,3<span class=\"_ _0\"></span>58) <span class=\"_ _be\"> </span>-  Dividends rec<span class=\"_ _0\"></span>eived <span class=\"_ _208\"> </span>(282) <span class=\"_ _204\"> </span>(656)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _72\"> </span>1,2<span class=\"_ _0\"></span>41 <span class=\"_ _10e\"> </span>7<span class=\"_ _0\"></span>86  Balance on 31 December <span class=\"_ _b0\"> </span>40,959 <span class=\"_ _b5\"> </span>36,431 In the prior year<span class=\"_ _1\"></span>, the Group - thr<span class=\"_ _0\"></span>ough CPW America - held a 19.4% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company and acc<span class=\"_ _0\"></span>ounted for the in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tment as an associat<span class=\"_ _0\"></span>e. In Augus<span class=\"_ _0\"></span>t 2022, the Gr<span class=\"_ _0\"></span>oup disposed its inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company f<span class=\"_ _0\"></span>or proc<span class=\"_ _0\"></span>eeds of USD 3.3 million, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able in monthly instalments. T<span class=\"_ _0\"></span>he disposal price w<span class=\"_ _0\"></span>as acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the initial purchase agr<span class=\"_ _4\"></span>eement, which prescribed that CPW America had the option, during the period 2022-2025 t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>equire Bellville T<span class=\"_ _1\"></span>ube Company to r<span class=\"_ _0\"></span>edeem all, but not less than all, of the shar<span class=\"_ _0\"></span>es of Bellville T<span class=\"_ _1\"></span>ube Company then held b<span class=\"_ _0\"></span>y CPW America. The aggr<span class=\"_ _4\"></span>egate purchase price f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>edeemed shares w<span class=\"_ _0\"></span>as set equal to USD 3.3 million, i.<span class=\"_ _4\"></span>e., the<span class=\"_ _8\"></span> amount initially disbursed for the pur<span class=\"_ _0\"></span>chase of the inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company<span class=\"_ _1\"></span>. This tr<span class=\"_ _0\"></span>ansaction has also result<span class=\"_ _0\"></span>ed in the der<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elated options pr<span class=\"_ _4\"></span>eviously rec<span class=\"_ _0\"></span>ognised on the stat<span class=\"_ _0\"></span>ement of financial position. The amount rec<span class=\"_ _0\"></span>ognised as loss in the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss is calculat<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _162\"> </span> <span class=\"_ _137\"> </span> Disposal price <span class=\"_ _b8\"> </span> <span class=\"_ _163\"> </span>3,24<span class=\"_ _0\"></span>1  Less:  <span class=\"_ _209\"> </span> <span class=\"_ _137\"> </span>  Carrying amount of inv<span class=\"_ _0\"></span>estment on the dat<span class=\"_ _0\"></span>e of disposal <span class=\"_ _20a\"> </span> <span class=\"_ _176\"> </span>(2,358)  Carrying amount of options on the date of disposal <span class=\"_ _1d2\"> </span> <span class=\"_ _176\"> </span>(1,<span class=\"_ _0\"></span>040)  Loss rec<span class=\"_ _0\"></span>ognised from disposal of as<span class=\"_ _0\"></span>sociate <span class=\"_ _132\"> </span> <span class=\"_ _111\"> </span>(156) B. Financial information per associat<span class=\"_ _0\"></span>e The f<span class=\"_ _0\"></span>ollowing tables pr<span class=\"_ _4\"></span>esent financial information per associate. T<span class=\"_ _0\"></span>he disclosed financial informa<span class=\"_ _0\"></span>tion reflects amounts in the financial statements of the r<span class=\"_ _4\"></span>elevant as<span class=\"_ _0\"></span>sociates. 2022 <span class=\"_ _20b\"> </span>  Company <span class=\"_ _121\"> </span> <span class=\"_ _20c\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Principal place of business   Rev<span class=\"_ _4\"></span>enue Profit fr<span class=\"_ _0\"></span>om continuing operations T<span class=\"_ _4\"></span>otal compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income  Ownership<span class=\"_ _8\"></span> interest<span class=\"_ _8\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _3d\"> </span>52,518 <span class=\"_ _c3\"> </span>1,861 <span class=\"_ _1fb\"> </span>1,779 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13b\"> </span>2,781 <span class=\"_ _118\"> </span>95 <span class=\"_ _20d\"> </span>94 <span class=\"_ _9a\"> </span>26.<span class=\"_ _4\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _3d\"> </span>95,2<span class=\"_ _0\"></span>46 <span class=\"_ _d9\"> </span>7<span class=\"_ _4\"></span>,287 <span class=\"_ _f0\"> </span>7<span class=\"_ _0\"></span>,287 <span class=\"_ _f6\"> </span>49.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _e2\"> </span>1,724,<span class=\"_ _4\"></span>169 <span class=\"_ _1cc\"> </span>6,600 <span class=\"_ _174\"> </span>6,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>71 <span class=\"_ _1fa\"> </span>20.50% Company <span class=\"_ _e8\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-current<span class=\"_ _8\"></span> liabilities<span class=\"_ _d\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>13,191 <span class=\"_ _12b\"> </span>5,388 <span class=\"_ _e7\"> </span>13,37<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>2,619  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _40\"> </span>2,966 <span class=\"_ _1d0\"> </span>11,846 <span class=\"_ _20f\"> </span>891 <span class=\"_ _8f\"> </span>8,<span class=\"_ _0\"></span>172  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _20\"> </span>69,910 <span class=\"_ _113\"> </span>5,252 <span class=\"_ _1c4\"> </span>42,498 <span class=\"_ _1f1\"> </span>87  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _22\"> </span>149,577 <span class=\"_ _113\"> </span>8,2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>7 <span class=\"_ _1c4\"> </span>103,<span class=\"_ _4\"></span>172 <span class=\"_ _3b\"> </span>6,0322021 Company <span class=\"_ _a4\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Principal place <span class=\"_ _d0\"> </span>of business Rev<span class=\"_ _4\"></span>enue Profit / (Loss<span class=\"_ _0\"></span>) from continuing operations T<span class=\"_ _4\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income Ownership<span class=\"_ _8\"></span> inter<span class=\"_ _0\"></span>est  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _f8\"> </span>39,4<span class=\"_ _0\"></span>78 <span class=\"_ _d7\"> </span>825 <span class=\"_ _12b\"> </span>7<span class=\"_ _8\"></span>13 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13f\"> </span>2,44<span class=\"_ _0\"></span>7 <span class=\"_ _b1\"> </span>127 <span class=\"_ _13f\"> </span>131 <span class=\"_ _9a\"> </span>26.<span class=\"_ _0\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _1bd\"> </span>70,009 <span class=\"_ _210\"> </span>1,910 <span class=\"_ _fe\"> </span>1,910 <span class=\"_ _44\"> </span>49<span class=\"_ _0\"></span>.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _8f\"> </span>1,438,330 <span class=\"_ _13f\"> </span>5,816 <span class=\"_ _174\"> </span>5,516 <span class=\"_ _33\"> </span>20<span class=\"_ _0\"></span>.50%  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>USA <span class=\"_ _d7\"> </span>20,238 <span class=\"_ _134\"> </span>(2,837) <span class=\"_ _19b\"> </span>(2,837) <span class=\"_ _f3\"> </span>19.40% Company <span class=\"_ _1c5\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _d\"></span> liabilities<span class=\"ff19 fc9 ls5\"> </span> STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>7<span class=\"_ _1\"></span>,847 <span class=\"_ _20d\"> </span>3,56<span class=\"_ _0\"></span>1 <span class=\"_ _f0\"> </span>7<span class=\"_ _4\"></span>,937 <span class=\"_ _20\"> </span>1,710  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _1f9\"> </span>1,968 <span class=\"_ _f8\"> </span>12,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>70 <span class=\"_ _20f\"> </span>193 <span class=\"_ _18d\"> </span>8,191  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _165\"> </span>64,836 <span class=\"_ _1d0\"> </span>5,<span class=\"_ _0\"></span>004 <span class=\"_ _1c4\"> </span>46,926 <span class=\"_ _1f1\"> </span>23  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _89\"> </span>187<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>131 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>,681 <span class=\"_ _18b\"> </span>145,803 <span class=\"_ _197\"> </span>6,461  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>Steel Pipes <span class=\"_ _174\"> </span>422 <span class=\"_ _1bd\"> </span>13,<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>44 <span class=\"_ _1f1\"> </span>3,988 <span class=\"_ _7a\"> </span>3,418The f<span class=\"_ _0\"></span>ollowing table analy<span class=\"_ _0\"></span>ses the inter<span class=\"_ _4\"></span>est in AO TMK<span class=\"_ _4\"></span>-CPW and other significant associates:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 1 January (100%) <span class=\"_ _203\"> </span>22,891 <span class=\"_ _b1\"> </span>20<span class=\"_ _0\"></span>,336  T<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _4\"></span>e income of AO TMK<span class=\"_ _4\"></span>-CPW (100%) <span class=\"_ _56\"> </span>7<span class=\"_ _1\"></span>,287 <span class=\"_ _16c\"> </span>1,910  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es (100%) <span class=\"_ _129\"> </span>2,399 <span class=\"_ _111\"> </span>1,493  Dividends (100%) <span class=\"_ _211\"> </span>- <span class=\"_ _204\"> </span>(849)  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (100%) <span class=\"_ _212\"> </span>32,577 <span class=\"_ _b5\"> </span>22,891  Carrying amount of interes<span class=\"_ _0\"></span>t in A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (49%) <span class=\"_ _115\"> </span>11,216 <span class=\"_ _204\"> </span>11,216  Carrying amount of inter<span class=\"_ _0\"></span>est in International T<span class=\"_ _1\"></span>rade <span class=\"_ _213\"> </span>22,726 <span class=\"_ _12f\"> </span>21,481  Carrying amount of inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company <span class=\"_ _1c1\"> </span>- <span class=\"_ _bc\"> </span>1,7<span class=\"_ _0\"></span>32  Carrying amount of inter<span class=\"_ _0\"></span>est in other individually immaterial as<span class=\"_ _0\"></span>sociates <span class=\"_ _103\"> </span>2,270 <span class=\"_ _cb\"> </span>2,002  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>40,959 <span class=\"_ _ad\"> </span>36,431 Since A<span class=\"_ _4\"></span>O TMK-CP<span class=\"_ _0\"></span>W is based on Russia, ther<span class=\"_ _0\"></span>e are r<span class=\"_ _4\"></span>estrictions on the ability of the associate t<span class=\"_ _0\"></span>o transf<span class=\"_ _0\"></span>er funds to the Company and its subsidiaries in the f<span class=\"_ _0\"></span>orm of cash dividends, due to the c<span class=\"_ _0\"></span>ounter sanctions set b<span class=\"_ _0\"></span>y the Russian F<span class=\"_ _0\"></span>eder<span class=\"_ _0\"></span>ation.<span class=\"_ _8\"></span> Russian legislation put in place sinc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>y 2022 r<span class=\"_ _0\"></span>estrict the pa<span class=\"_ _0\"></span>yments of amounts in ex<span class=\"_ _4\"></span>cess of ca. \u20ac150,<span class=\"_ _0\"></span>000 to EU residents as a r<span class=\"_ _4\"></span>esponse to the EU imposed sanctions against Russia.  Although these res<span class=\"_ _0\"></span>trictions ar<span class=\"_ _0\"></span>e stated t<span class=\"_ _0\"></span>o be tempor<span class=\"_ _0\"></span>ary<span class=\"_ _1\"></span>, to av<span class=\"_ _0\"></span>oid any pot<span class=\"_ _0\"></span>ential loss of income<span class=\"_ _0\"></span>, Humbel Lt<span class=\"_ _0\"></span>d (the o<span class=\"_ _0\"></span>wner of 49% of the shar<span class=\"_ _0\"></span>es in the A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW)<span class=\"_ _8\"></span> has asked A<span class=\"_ _4\"></span>O TMK<span class=\"_ _0\"></span>-CPW to pos<span class=\"_ _0\"></span>tpone the payment of an<span class=\"_ _0\"></span>y dividends, until further notice. T<span class=\"_ _4\"></span>herefor<span class=\"_ _0\"></span>e, during 2022, there w<span class=\"_ _4\"></span>ere no transactions betw<span class=\"_ _4\"></span>een AO TMK<span class=\"_ _4\"></span>-CPW and the Group. Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no other res<span class=\"_ _0\"></span>trictions on the ability of associat<span class=\"_ _0\"></span>es to tr<span class=\"_ _4\"></span>ansfer funds to the Company or its subsidiaries in the form of cash dividends, or to r<span class=\"_ _4\"></span>epay loans or advanc<span class=\"_ _0\"></span>es made by the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Ther<span class=\"_ _0\"></span>e is no unr<span class=\"_ _0\"></span>ecognised shar<span class=\"_ _0\"></span>e of losses of an as<span class=\"_ _0\"></span>sociate, both f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>eporting period and cumulativ<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-243-5": {
   "value": "21. Equity-ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ees A. Reconciliation of carrying amount  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _206\"> </span>36,431 <span class=\"_ _1d4\"> </span>34,539  Share in pr<span class=\"_ _0\"></span>ofit after tax<span class=\"_ _4\"></span>es <span class=\"_ _207\"> </span>6,059 <span class=\"_ _c9\"> </span>1,855  Share in other c<span class=\"_ _0\"></span>omprehensiv<span class=\"_ _4\"></span>e income <span class=\"_ _129\"> </span>(133) <span class=\"_ _11c\"> </span>(94)  Disposals <span class=\"_ _17d\"> </span>(2,3<span class=\"_ _0\"></span>58) <span class=\"_ _be\"> </span>-  Dividends rec<span class=\"_ _0\"></span>eived <span class=\"_ _208\"> </span>(282) <span class=\"_ _204\"> </span>(656)  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _72\"> </span>1,2<span class=\"_ _0\"></span>41 <span class=\"_ _10e\"> </span>7<span class=\"_ _0\"></span>86  Balance on 31 December <span class=\"_ _b0\"> </span>40,959 <span class=\"_ _b5\"> </span>36,431 In the prior year<span class=\"_ _1\"></span>, the Group - thr<span class=\"_ _0\"></span>ough CPW America - held a 19.4% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company and acc<span class=\"_ _0\"></span>ounted for the in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tment as an associat<span class=\"_ _0\"></span>e. In Augus<span class=\"_ _0\"></span>t 2022, the Gr<span class=\"_ _0\"></span>oup disposed its inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company f<span class=\"_ _0\"></span>or proc<span class=\"_ _0\"></span>eeds of USD 3.3 million, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>able in monthly instalments. T<span class=\"_ _0\"></span>he disposal price w<span class=\"_ _0\"></span>as acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the initial purchase agr<span class=\"_ _4\"></span>eement, which prescribed that CPW America had the option, during the period 2022-2025 t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>equire Bellville T<span class=\"_ _1\"></span>ube Company to r<span class=\"_ _0\"></span>edeem all, but not less than all, of the shar<span class=\"_ _0\"></span>es of Bellville T<span class=\"_ _1\"></span>ube Company then held b<span class=\"_ _0\"></span>y CPW America. The aggr<span class=\"_ _4\"></span>egate purchase price f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>edeemed shares w<span class=\"_ _0\"></span>as set equal to USD 3.3 million, i.<span class=\"_ _4\"></span>e., the<span class=\"_ _8\"></span> amount initially disbursed for the pur<span class=\"_ _0\"></span>chase of the inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company<span class=\"_ _1\"></span>. This tr<span class=\"_ _0\"></span>ansaction has also result<span class=\"_ _0\"></span>ed in the der<span class=\"_ _0\"></span>ecognition of the r<span class=\"_ _0\"></span>elated options pr<span class=\"_ _4\"></span>eviously rec<span class=\"_ _0\"></span>ognised on the stat<span class=\"_ _0\"></span>ement of financial position. The amount rec<span class=\"_ _0\"></span>ognised as loss in the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss is calculat<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _162\"> </span> <span class=\"_ _137\"> </span> Disposal price <span class=\"_ _b8\"> </span> <span class=\"_ _163\"> </span>3,24<span class=\"_ _0\"></span>1  Less:  <span class=\"_ _209\"> </span> <span class=\"_ _137\"> </span>  Carrying amount of inv<span class=\"_ _0\"></span>estment on the dat<span class=\"_ _0\"></span>e of disposal <span class=\"_ _20a\"> </span> <span class=\"_ _176\"> </span>(2,358)  Carrying amount of options on the date of disposal <span class=\"_ _1d2\"> </span> <span class=\"_ _176\"> </span>(1,<span class=\"_ _0\"></span>040)  Loss rec<span class=\"_ _0\"></span>ognised from disposal of as<span class=\"_ _0\"></span>sociate <span class=\"_ _132\"> </span> <span class=\"_ _111\"> </span>(156) B. Financial information per associat<span class=\"_ _0\"></span>e The f<span class=\"_ _0\"></span>ollowing tables pr<span class=\"_ _4\"></span>esent financial information per associate. T<span class=\"_ _0\"></span>he disclosed financial informa<span class=\"_ _0\"></span>tion reflects amounts in the financial statements of the r<span class=\"_ _4\"></span>elevant as<span class=\"_ _0\"></span>sociates. 2022 <span class=\"_ _20b\"> </span>  Company <span class=\"_ _121\"> </span> <span class=\"_ _20c\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Principal place of business   Rev<span class=\"_ _4\"></span>enue Profit fr<span class=\"_ _0\"></span>om continuing operations T<span class=\"_ _4\"></span>otal compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income  Ownership<span class=\"_ _8\"></span> interest<span class=\"_ _8\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _3d\"> </span>52,518 <span class=\"_ _c3\"> </span>1,861 <span class=\"_ _1fb\"> </span>1,779 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13b\"> </span>2,781 <span class=\"_ _118\"> </span>95 <span class=\"_ _20d\"> </span>94 <span class=\"_ _9a\"> </span>26.<span class=\"_ _4\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _3d\"> </span>95,2<span class=\"_ _0\"></span>46 <span class=\"_ _d9\"> </span>7<span class=\"_ _4\"></span>,287 <span class=\"_ _f0\"> </span>7<span class=\"_ _0\"></span>,287 <span class=\"_ _f6\"> </span>49.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _e2\"> </span>1,724,<span class=\"_ _4\"></span>169 <span class=\"_ _1cc\"> </span>6,600 <span class=\"_ _174\"> </span>6,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>71 <span class=\"_ _1fa\"> </span>20.50% Company <span class=\"_ _e8\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span> Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-current<span class=\"_ _8\"></span> liabilities<span class=\"_ _d\"></span>  STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>13,191 <span class=\"_ _12b\"> </span>5,388 <span class=\"_ _e7\"> </span>13,37<span class=\"_ _0\"></span>3 <span class=\"_ _7a\"> </span>2,619  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _40\"> </span>2,966 <span class=\"_ _1d0\"> </span>11,846 <span class=\"_ _20f\"> </span>891 <span class=\"_ _8f\"> </span>8,<span class=\"_ _0\"></span>172  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _20\"> </span>69,910 <span class=\"_ _113\"> </span>5,252 <span class=\"_ _1c4\"> </span>42,498 <span class=\"_ _1f1\"> </span>87  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _22\"> </span>149,577 <span class=\"_ _113\"> </span>8,2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>7 <span class=\"_ _1c4\"> </span>103,<span class=\"_ _4\"></span>172 <span class=\"_ _3b\"> </span>6,0322021 Company <span class=\"_ _a4\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Principal place <span class=\"_ _d0\"> </span>of business Rev<span class=\"_ _4\"></span>enue Profit / (Loss<span class=\"_ _0\"></span>) from continuing operations T<span class=\"_ _4\"></span>otal comprehensiv<span class=\"_ _0\"></span>e income Ownership<span class=\"_ _8\"></span> inter<span class=\"_ _0\"></span>est  STEELMET S.A. <span class=\"_ _176\"> </span>Greece <span class=\"_ _f8\"> </span>39,4<span class=\"_ _0\"></span>78 <span class=\"_ _d7\"> </span>825 <span class=\"_ _12b\"> </span>7<span class=\"_ _8\"></span>13 <span class=\"_ _1c0\"> </span>29.56%  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>Gr<span class=\"_ _0\"></span>eece <span class=\"_ _13f\"> </span>2,44<span class=\"_ _0\"></span>7 <span class=\"_ _b1\"> </span>127 <span class=\"_ _13f\"> </span>131 <span class=\"_ _9a\"> </span>26.<span class=\"_ _0\"></span>19%  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Russia <span class=\"_ _1bd\"> </span>70,009 <span class=\"_ _210\"> </span>1,910 <span class=\"_ _fe\"> </span>1,910 <span class=\"_ _44\"> </span>49<span class=\"_ _0\"></span>.00%  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Belgium <span class=\"_ _8f\"> </span>1,438,330 <span class=\"_ _13f\"> </span>5,816 <span class=\"_ _174\"> </span>5,516 <span class=\"_ _33\"> </span>20<span class=\"_ _0\"></span>.50%  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>USA <span class=\"_ _d7\"> </span>20,238 <span class=\"_ _134\"> </span>(2,837) <span class=\"_ _19b\"> </span>(2,837) <span class=\"_ _f3\"> </span>19.40% Company <span class=\"_ _1c5\"> </span> Amounts in EUR thousand <span class=\"_ _74\"> </span>Segment Current assets <span class=\"_ _99\"> </span>Non-current assets <span class=\"_ _3c\"> </span>Current liabilities Non-curr<span class=\"_ _0\"></span>ent<span class=\"_ _d\"></span> liabilities<span class=\"ff19 fc9 ls5\"> </span> STEELMET S.A. <span class=\"_ _176\"> </span>Other activities <span class=\"_ _44\"> </span>7<span class=\"_ _1\"></span>,847 <span class=\"_ _20d\"> </span>3,56<span class=\"_ _0\"></span>1 <span class=\"_ _f0\"> </span>7<span class=\"_ _4\"></span>,937 <span class=\"_ _20\"> </span>1,710  DIA.<span class=\"_ _4\"></span>VIPE.<span class=\"_ _4\"></span>THIV<span class=\"_ _1\"></span>. S.A. <span class=\"_ _fe\"> </span>St<span class=\"_ _0\"></span>eel Pipes <span class=\"_ _1f9\"> </span>1,968 <span class=\"_ _f8\"> </span>12,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>70 <span class=\"_ _20f\"> </span>193 <span class=\"_ _18d\"> </span>8,191  A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW <span class=\"_ _10b\"> </span>Steel Pipes <span class=\"_ _165\"> </span>64,836 <span class=\"_ _1d0\"> </span>5,<span class=\"_ _0\"></span>004 <span class=\"_ _1c4\"> </span>46,926 <span class=\"_ _1f1\"> </span>23  INTERNA<span class=\"_ _4\"></span>TIONAL TRADE S.A. <span class=\"_ _79\"> </span>Other activities <span class=\"_ _89\"> </span>187<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>131 <span class=\"_ _210\"> </span>7<span class=\"_ _1\"></span>,681 <span class=\"_ _18b\"> </span>145,803 <span class=\"_ _197\"> </span>6,461  BELL<span class=\"_ _1\"></span>VILLE TUBE COMP<span class=\"_ _4\"></span>ANY <span class=\"_ _99\"> </span>Steel Pipes <span class=\"_ _174\"> </span>422 <span class=\"_ _1bd\"> </span>13,<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>44 <span class=\"_ _1f1\"> </span>3,988 <span class=\"_ _7a\"> </span>3,418The f<span class=\"_ _0\"></span>ollowing table analy<span class=\"_ _0\"></span>ses the inter<span class=\"_ _4\"></span>est in AO TMK<span class=\"_ _4\"></span>-CPW and other significant associates:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 1 January (100%) <span class=\"_ _203\"> </span>22,891 <span class=\"_ _b1\"> </span>20<span class=\"_ _0\"></span>,336  T<span class=\"_ _1\"></span>otal comprehensiv<span class=\"_ _4\"></span>e income of AO TMK<span class=\"_ _4\"></span>-CPW (100%) <span class=\"_ _56\"> </span>7<span class=\"_ _1\"></span>,287 <span class=\"_ _16c\"> </span>1,910  For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es (100%) <span class=\"_ _129\"> </span>2,399 <span class=\"_ _111\"> </span>1,493  Dividends (100%) <span class=\"_ _211\"> </span>- <span class=\"_ _204\"> </span>(849)  Net assets of A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (100%) <span class=\"_ _212\"> </span>32,577 <span class=\"_ _b5\"> </span>22,891  Carrying amount of interes<span class=\"_ _0\"></span>t in A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW on 31 December (49%) <span class=\"_ _115\"> </span>11,216 <span class=\"_ _204\"> </span>11,216  Carrying amount of inter<span class=\"_ _0\"></span>est in International T<span class=\"_ _1\"></span>rade <span class=\"_ _213\"> </span>22,726 <span class=\"_ _12f\"> </span>21,481  Carrying amount of inter<span class=\"_ _0\"></span>est in Bellville T<span class=\"_ _1\"></span>ube Company <span class=\"_ _1c1\"> </span>- <span class=\"_ _bc\"> </span>1,7<span class=\"_ _0\"></span>32  Carrying amount of inter<span class=\"_ _0\"></span>est in other individually immaterial as<span class=\"_ _0\"></span>sociates <span class=\"_ _103\"> </span>2,270 <span class=\"_ _cb\"> </span>2,002  T<span class=\"_ _1\"></span>otal <span class=\"_ _d6\"> </span>40,959 <span class=\"_ _ad\"> </span>36,431 Since A<span class=\"_ _4\"></span>O TMK-CP<span class=\"_ _0\"></span>W is based on Russia, ther<span class=\"_ _0\"></span>e are r<span class=\"_ _4\"></span>estrictions on the ability of the associate t<span class=\"_ _0\"></span>o transf<span class=\"_ _0\"></span>er funds to the Company and its subsidiaries in the f<span class=\"_ _0\"></span>orm of cash dividends, due to the c<span class=\"_ _0\"></span>ounter sanctions set b<span class=\"_ _0\"></span>y the Russian F<span class=\"_ _0\"></span>eder<span class=\"_ _0\"></span>ation.<span class=\"_ _8\"></span> Russian legislation put in place sinc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>y 2022 r<span class=\"_ _0\"></span>estrict the pa<span class=\"_ _0\"></span>yments of amounts in ex<span class=\"_ _4\"></span>cess of ca. \u20ac150,<span class=\"_ _0\"></span>000 to EU residents as a r<span class=\"_ _4\"></span>esponse to the EU imposed sanctions against Russia.  Although these res<span class=\"_ _0\"></span>trictions ar<span class=\"_ _0\"></span>e stated t<span class=\"_ _0\"></span>o be tempor<span class=\"_ _0\"></span>ary<span class=\"_ _1\"></span>, to av<span class=\"_ _0\"></span>oid any pot<span class=\"_ _0\"></span>ential loss of income<span class=\"_ _0\"></span>, Humbel Lt<span class=\"_ _0\"></span>d (the o<span class=\"_ _0\"></span>wner of 49% of the shar<span class=\"_ _0\"></span>es in the A<span class=\"_ _0\"></span>O TMK<span class=\"_ _4\"></span>-CPW)<span class=\"_ _8\"></span> has asked A<span class=\"_ _4\"></span>O TMK<span class=\"_ _0\"></span>-CPW to pos<span class=\"_ _0\"></span>tpone the payment of an<span class=\"_ _0\"></span>y dividends, until further notice. T<span class=\"_ _4\"></span>herefor<span class=\"_ _0\"></span>e, during 2022, there w<span class=\"_ _4\"></span>ere no transactions betw<span class=\"_ _4\"></span>een AO TMK<span class=\"_ _4\"></span>-CPW and the Group. Ther<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e no other res<span class=\"_ _0\"></span>trictions on the ability of associat<span class=\"_ _0\"></span>es to tr<span class=\"_ _4\"></span>ansfer funds to the Company or its subsidiaries in the form of cash dividends, or to r<span class=\"_ _4\"></span>epay loans or advanc<span class=\"_ _0\"></span>es made by the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Ther<span class=\"_ _0\"></span>e is no unr<span class=\"_ _0\"></span>ecognised shar<span class=\"_ _0\"></span>e of losses of an as<span class=\"_ _0\"></span>sociate, both f<span class=\"_ _0\"></span>or the r<span class=\"_ _0\"></span>eporting period and cumulativ<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-278-5": {
   "value": "22.<span class=\"_\"> </span>Other inv<span class=\"_ _4\"></span>estments Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _16a\"> </span>5,812 <span class=\"_ _e8\"> </span>5,657  Additions <span class=\"_ _214\"> </span>- <span class=\"_ _be\"> </span>-  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Disposals <span class=\"_ _215\"> </span>- <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 Other inv<span class=\"_ _4\"></span>estments are equity inv<span class=\"_ _4\"></span>estments at FV<span class=\"_ _0\"></span>OCI and conc<span class=\"_ _0\"></span>ern unlisted shar<span class=\"_ _4\"></span>es (equity instruments<span class=\"_ _0\"></span>) of Greek entities.  23. Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es The f<span class=\"_ _0\"></span>ollowing table sets out the carrying amount of deriv<span class=\"_ _4\"></span>atives:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 Derivativ<span class=\"_ _4\"></span>es not designated as hedging instrumentsW<span class=\"_ _4\"></span>eighing up the possible effects of monetary policy tightening in the EU and the US<span class=\"_ _0\"></span>A observ<span class=\"_ _0\"></span>ed during the first semester of 20<span class=\"_ _0\"></span>22 and to offset the pot<span class=\"_ _0\"></span>ential impact on finance cos<span class=\"_ _0\"></span>ts due to incr<span class=\"_ _0\"></span>easing inter<span class=\"_ _4\"></span>est rates, C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings companies decided in Q2 2022 t<span class=\"_ _0\"></span>o start using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>aps.<span class=\"_ _8\"></span> V<span class=\"_ _4\"></span>ariable rat<span class=\"_ _0\"></span>e loans and borro<span class=\"_ _4\"></span>wings expose Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o a rat<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility risk (<span class=\"_ _4\"></span>cash flow risk).  In order t<span class=\"_ _0\"></span>o hedge it, inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate swaps ar<span class=\"_ _4\"></span>e used to effectively tr<span class=\"_ _4\"></span>ansform the variable inter<span class=\"_ _4\"></span>est rate of the loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed one, thus r<span class=\"_ _0\"></span>educing such v<span class=\"_ _0\"></span>olatility risk.  Inter<span class=\"_ _4\"></span>est rate s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts inv<span class=\"_ _4\"></span>olve ex<span class=\"_ _4\"></span>changing, on specified dates cash amounts equal to the differ<span class=\"_ _4\"></span>ence between a c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed inter<span class=\"_ _4\"></span>est rate calculat<span class=\"_ _0\"></span>ed on a principal and a v<span class=\"_ _0\"></span>ariable rat<span class=\"_ _0\"></span>e calculat<span class=\"_ _0\"></span>ed on the same principal.  By car<span class=\"_ _0\"></span>efully choosing the variable r<span class=\"_ _4\"></span>ate and the principal of the swap<span class=\"_ _0\"></span>, one actually transf<span class=\"_ _0\"></span>orms a floating r<span class=\"_ _0\"></span>ate loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te one. During H1 2022, both segments enter<span class=\"_ _4\"></span>ed swap agreements on a t<span class=\"_ _0\"></span>otal notional v<span class=\"_ _0\"></span>alue of EUR 80 million to counterbalanc<span class=\"_ _0\"></span>e potential higher futur<span class=\"_ _4\"></span>e interest c<span class=\"_ _0\"></span>osts on their loans.  All those sw<span class=\"_ _4\"></span>aps have an initial t<span class=\"_ _0\"></span>erm of 7 y<span class=\"_ _0\"></span>ears. These actions ar<span class=\"_ _0\"></span>e in line with the r<span class=\"_ _0\"></span>elated policy of C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies aiming to ensur<span class=\"_ _4\"></span>e that a portion of<span class=\"_ _8\"></span> their loans and borro<span class=\"_ _4\"></span>wings are at fix<span class=\"_ _0\"></span>ed rat<span class=\"_ _0\"></span>es. The f<span class=\"_ _0\"></span>air value of an int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e is determined b<span class=\"_ _4\"></span>y discounting its future cash flo<span class=\"_ _0\"></span>ws using term structur<span class=\"_ _4\"></span>e of interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es at the reporting da<span class=\"_ _0\"></span>te and the cr<span class=\"_ _0\"></span>edit risk inher<span class=\"_ _0\"></span>ent in the sw<span class=\"_ _0\"></span>ap contr<span class=\"_ _0\"></span>act, if any<span class=\"_ _1\"></span>. The int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e entered into f<span class=\"_ _0\"></span>or periods consis<span class=\"_ _0\"></span>tent with the e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e of the underlying debt instruments but ar<span class=\"_ _0\"></span>e not designated as cash flo<span class=\"_ _0\"></span>w hedges since the timing and amount t<span class=\"_ _0\"></span>erms in<span class=\"_ _0\"></span>volv<span class=\"_ _4\"></span>ed in the swap contr<span class=\"_ _0\"></span>acts do not e<span class=\"_ _0\"></span>xactly mat<span class=\"_ _0\"></span>ch those of the underlying debt instruments; ther<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, a hedging r<span class=\"_ _0\"></span>elationship as described in IFRS is not established. Consequently<span class=\"_ _1\"></span>, the valuation of such int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts is included in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. Hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hold deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e financial instruments f<span class=\"_ _0\"></span>or cash flow and f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges.  The abo<span class=\"_ _4\"></span>vementioned derivativ<span class=\"_ _4\"></span>e financial instruments co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er risks from:  \u2022 <span class=\"_ _23\"> </span>Changes in the pric<span class=\"_ _0\"></span>es of metals list<span class=\"_ _0\"></span>ed in LME. \u2022 <span class=\"_ _23\"> </span>Fluctua<span class=\"_ _0\"></span>tions of for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es. The maturity and the nominal v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es held by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies, in principle, mat<span class=\"_ _0\"></span>ch the maturity and nominal v<span class=\"_ _0\"></span>alue of the underlying assets / liabilities (hedged items<span class=\"_ _0\"></span>). Derivativ<span class=\"_ _4\"></span>es held by Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies c<span class=\"_ _0\"></span>oncern mainly:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>uture c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts to hedge the risk fr<span class=\"_ _0\"></span>om the change of the price of metals lis<span class=\"_ _0\"></span>ted in LME (London Metal Ex<span class=\"_ _0\"></span>change) and used in pr<span class=\"_ _4\"></span>oduction of Cenergy Holdings\u2019 companies in the cables segment (i.<span class=\"_ _0\"></span>e., mainly c<span class=\"_ _0\"></span>opper and aluminium). Such hedges are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>oreign ex<span class=\"_ _4\"></span>change forwards t<span class=\"_ _0\"></span>o hedge the risk fr<span class=\"_ _0\"></span>om the change in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e of US Dollar and British Pound (i.e., curr<span class=\"_ _4\"></span>encies to which Cenergy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ar<span class=\"_ _0\"></span>e mainly exposed). Such hedges ar<span class=\"_ _4\"></span>e either designated<span class=\"_ _8\"></span> as fair v<span class=\"_ _0\"></span>alue or cash flo<span class=\"_ _0\"></span>w hedges depending on the item hedged. F<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, when used for hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _4\"></span>ables denominated in for<span class=\"_ _0\"></span>eign currency ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> designated as f<span class=\"_ _0\"></span>air value hedges. F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change forw<span class=\"_ _0\"></span>ards, when used f<span class=\"_ _0\"></span>or hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on the for<span class=\"_ _0\"></span>ecasted sales of goods or pur<span class=\"_ _4\"></span>chase of materials, are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. Derivativ<span class=\"_ _4\"></span>es are rec<span class=\"_ _0\"></span>ognised when Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ent<span class=\"_ _0\"></span>er into the tr<span class=\"_ _4\"></span>ansaction in order to hedge the fair v<span class=\"_ _0\"></span>alue of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, liabilities or commitments (f<span class=\"_ _0\"></span>air value hedges<span class=\"_ _4\"></span>) or highly probable transactions (<span class=\"_ _4\"></span>cash flow hedges). F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. Cash flow hedges  The eff<span class=\"_ _0\"></span>ective portion of change in f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as a cash flo<span class=\"_ _0\"></span>w hedge is r<span class=\"_ _0\"></span>ecognised in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (<span class=\"_ _4\"></span>OCI), under \u201cHedging Reserve\u201d. The gain or los<span class=\"_ _0\"></span>s on the non-effectiv<span class=\"_ _4\"></span>e proportion is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded to the pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecor<span class=\"_ _4\"></span>ded in \u201cHedging Reserve\u201d ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified to the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss of the period when the ev<span class=\"_ _4\"></span>ent hedged occurs, i.e. at the dat<span class=\"_ _0\"></span>e when the for<span class=\"_ _4\"></span>ecasted transaction which c<span class=\"_ _0\"></span>onstitutes the object of the hedge took place or the hedged it<span class=\"_ _0\"></span>em affects pr<span class=\"_ _4\"></span>ofit and loss (for ex<span class=\"_ _0\"></span>ample, in case of a forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sale of aluminium, the reserv<span class=\"_ _4\"></span>e is recognised in Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss aft<span class=\"_ _0\"></span>er the net cash settlement of future c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act and at the date the aluminium sold). When a hedge item is sold or when the hedging pr<span class=\"_ _0\"></span>oportion no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, the amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d remain as a reserv<span class=\"_ _4\"></span>e and are reclas<span class=\"_ _0\"></span>sified to the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged asset aff<span class=\"_ _0\"></span>ects pr<span class=\"_ _0\"></span>ofits or losses. In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction, which is no longer expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ealized, the amounts recor<span class=\"_ _4\"></span>ded<span class=\"_ _8\"></span> in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss.  The change in f<span class=\"_ _0\"></span>air value r<span class=\"_ _4\"></span>ecognized in equity under cash flo<span class=\"_ _0\"></span>w hedging on 31 December 2022 will be r<span class=\"_ _4\"></span>ecycled to the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s during 2023 and the long term portion during 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4, in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the maturity date of the deriv<span class=\"_ _4\"></span>atives used, when the hedged e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents are e<span class=\"_ _4\"></span>xpected to occur (the for<span class=\"_ _4\"></span>ecasted transactions will take plac<span class=\"_ _0\"></span>e or the hedged items will aff<span class=\"_ _0\"></span>ect profit or los<span class=\"_ _0\"></span>s). Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedge at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely) the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedge b<span class=\"_ _4\"></span>y applying the dollar offset method on a<span class=\"_ _8\"></span> cumulativ<span class=\"_ _0\"></span>e basis is ex<span class=\"_ _0\"></span>amined. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies\u2019 r<span class=\"_ _0\"></span>esults fr<span class=\"_ _0\"></span>om the hedging activities rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed for metal futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts in \u201cRe<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue\u201d and \u201cCos<span class=\"_ _0\"></span>t of sales\u201d.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss ar<span class=\"_ _0\"></span>e the follo<span class=\"_ _0\"></span>wing:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  Gain / (loss) on futur<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts <span class=\"_ _1d8\"> </span>1,934 <span class=\"_ _aa\"> </span>(14,<span class=\"_ _0\"></span>166)  Gain / (loss) on for<span class=\"_ _4\"></span>eign exchange f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts <span class=\"_ _fa\"> </span>7<span class=\"_ _1\"></span>,579 <span class=\"_ _c9\"> </span>(189)  T<span class=\"_ _1\"></span>otal <span class=\"_ _c8\"> </span>12,881 <span class=\"_ _1ad\"> </span>(14,355) The v<span class=\"_ _0\"></span>aluation of futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts used for cash flow hedging and r<span class=\"_ _0\"></span>ecognized in other c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (Hedging reserv<span class=\"_ _4\"></span>e) on 31 December 2022 will be r<span class=\"_ _4\"></span>ecognized in profit or los<span class=\"_ _0\"></span>s during the ne<span class=\"_ _0\"></span>xt financial y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>, while<span class=\"_ _8\"></span> the valuation of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change forwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts will be r<span class=\"_ _0\"></span>ecy<span class=\"_ _0\"></span>cled to the c<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tatement of pr<span class=\"_ _4\"></span>ofit or loss<span class=\"_ _8\"></span> during 2023 and 202<span class=\"_ _4\"></span>4, in accordanc<span class=\"_ _0\"></span>e with the maturity dat<span class=\"_ _0\"></span>e of the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es used. A.<span class=\"_\"> </span>Ac<span class=\"_ _0\"></span>counting clas<span class=\"_ _0\"></span>sifications and fair v<span class=\"_ _0\"></span>aluesThe f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the carrying amounts and fair values of financial as<span class=\"_ _0\"></span>sets and financial liabilities, including the lev<span class=\"_ _4\"></span>els in the fair value hier<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>chy<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> 31/12/2022  Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _114\"> </span>6,308 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _1f8\"> </span>6,308 <span class=\"_ _8f\"> </span><span class=\"ff1a\">6,308</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _123\"> </span>16,612 <span class=\"_ _90\"> </span>463 <span class=\"_ _71\"> </span>16,14<span class=\"_ _0\"></span>9 <span class=\"_ _1bf\"> </span>- <span class=\"_ _165\"> </span><span class=\"ff1a\">16,612</span> 22,920 <span class=\"_ _7a\"> </span>463 <span class=\"_ _4c\"> </span>16,<span class=\"_ _4\"></span>149 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _46\"> </span>22,920  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _10b\"> </span>(10,<span class=\"_ _0\"></span>790) <span class=\"_ _71\"> </span>(956) <span class=\"_ _92\"> </span>(9,833) <span class=\"_ _22f\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a\">(10,790) </span>12,<span class=\"_ _0\"></span>130 <span class=\"_ _1c2\"> </span>(493) <span class=\"_ _46\"> </span>6,315 <span class=\"_ _1a2\"> </span>6,308 <span class=\"_ _165\"> </span>12,<span class=\"_ _0\"></span>13031/12/2021 <span class=\"_ _245\"> </span> <span class=\"_ _3e\"> </span>   Amounts in EUR thousand <span class=\"_ _190\"> </span>Carrying amount <span class=\"_ _44\"> </span>Lev<span class=\"_ _0\"></span>el 1 <span class=\"_ _34\"> </span>Le<span class=\"_ _0\"></span>vel 2 <span class=\"_ _33\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 <span class=\"_ _e2\"> </span>T<span class=\"_ _4\"></span>otal<span class=\"_ _d\"></span>  Equity inv<span class=\"_ _4\"></span>estments at FVOCI <span class=\"_ _1b3\"> </span>5,812 <span class=\"_ _1fb\"> </span>- <span class=\"_ _fe\"> </span>- <span class=\"_ _e4\"> </span>5,812 <span class=\"_ _1be\"> </span><span class=\"ff1a\">5,812</span>  Derivativ<span class=\"_ _4\"></span>e financial assets <span class=\"_ _246\"> </span>1,480 <span class=\"_ _174\"> </span>- <span class=\"_ _18d\"> </span>536 <span class=\"_ _fb\"> </span>944 <span class=\"_ _18d\"> </span><span class=\"ff1a\">1,480</span>   <span class=\"_ _247\"> </span>7<span class=\"_ _1\"></span>,293 <span class=\"_ _1fb\"> </span>- <span class=\"_ _18b\"> </span>536 <span class=\"_ _46\"> </span>6,756 <span class=\"_ _fb\"> </span>7<span class=\"_ _1\"></span>,293  Derivativ<span class=\"_ _4\"></span>e financial liabilities <span class=\"_ _228\"> </span>(2,596) <span class=\"_ _33\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _1fa\"> </span>(1,397) <span class=\"_ _1bf\"> </span>- <span class=\"_ _43\"> </span><span class=\"ff1a\">(2,596) </span>  <span class=\"_ _248\"> </span>4,697 <span class=\"_ _f6\"> </span>(1,199) <span class=\"_ _1f8\"> </span>(861) <span class=\"_ _18f\"> </span>6,756 <span class=\"_ _8f\"> </span>4,69<span class=\"_ _0\"></span>7The v<span class=\"_ _0\"></span>arious le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els are as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1: Quoted prices (unadjust<span class=\"_ _0\"></span>ed) in an activ<span class=\"_ _0\"></span>e market f<span class=\"_ _0\"></span>or identical assets and liabilities. \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2: Inputs that are observ<span class=\"_ _0\"></span>able either directly or indir<span class=\"_ _4\"></span>ectly<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3: Unobservable inputs for assets and liabilities. The f<span class=\"_ _0\"></span>air value of the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing financial assets and liabilities measur<span class=\"_ _0\"></span>ed at amortised cos<span class=\"_ _0\"></span>t appro<span class=\"_ _4\"></span>ximate their carrying amount: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>Cash and cash equiv<span class=\"_ _4\"></span>alents;<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>ade and other pay<span class=\"_ _0\"></span>ables; \u2022 <span class=\"_ _23\"> </span>L<span class=\"_ _0\"></span>oans and borro<span class=\"_ _4\"></span>wings.<span class=\"_ _8\"></span>  Specifically<span class=\"_ _4\"></span>, the carrying amount of loans and borro<span class=\"_ _4\"></span>wings is considered as a good appr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ximation of their fair v<span class=\"_ _4\"></span>alue<span class=\"_ _8\"></span> as: \u2022 <span class=\"_ _23\"> </span>9<span class=\"_ _0\"></span>3.8% of consolidat<span class=\"_ _0\"></span>ed loans and borr<span class=\"_ _0\"></span>owings c<span class=\"_ _0\"></span>oncern floating-r<span class=\"_ _4\"></span>ate debt, which are a v<span class=\"_ _4\"></span>ery good approximation of current mark<span class=\"_ _4\"></span>et rates; \u2022 <span class=\"_ _23\"> </span>As f<span class=\"_ _0\"></span>or fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate ins<span class=\"_ _0\"></span>truments (EUR 36.8 million on 31 Dec 2022), the fair v<span class=\"_ _4\"></span>alue test based on current mark<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>ates indicates that their f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue determined to EUR 38.2 million.  The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the reconciliation bet<span class=\"_ _0\"></span>ween opening and closing balanc<span class=\"_ _0\"></span>es for L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 3 financial assets,<span class=\"_ _8\"></span> which are clas<span class=\"_ _0\"></span>sified as Equity inv<span class=\"_ _4\"></span>estments at:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _249\"> </span>5,812 <span class=\"_ _204\"> </span>5,657  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 B. Measurement of fair v<span class=\"_ _4\"></span>alues<span class=\"_ _8\"></span> a) V<span class=\"_ _0\"></span>aluation t<span class=\"_ _0\"></span>echniques and significant unobserv<span class=\"_ _0\"></span>able inputs The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e traded in activ<span class=\"_ _4\"></span>e markets (st<span class=\"_ _0\"></span>ock mark<span class=\"_ _0\"></span>ets) (<span class=\"_ _4\"></span>e.g. derivativ<span class=\"_ _4\"></span>es such as futures, shares, bonds, mutual funds<span class=\"_ _0\"></span>) ar<span class=\"_ _0\"></span>e set acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o the published prices (L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 1 inputs) that are v<span class=\"_ _4\"></span>alid on the reporting date. T<span class=\"_ _4\"></span>he fair value of financial assets is det<span class=\"_ _0\"></span>ermined by their off<span class=\"_ _0\"></span>er price<span class=\"_ _0\"></span>, while the fair v<span class=\"_ _0\"></span>alue of financial liabilities is determined b<span class=\"_ _0\"></span>y their bid price<span class=\"_ _0\"></span>.  The f<span class=\"_ _0\"></span>air values of financial as<span class=\"_ _0\"></span>sets that ar<span class=\"_ _0\"></span>e not traded in activ<span class=\"_ _4\"></span>e markets are det<span class=\"_ _0\"></span>ermined thr<span class=\"_ _0\"></span>ough valua<span class=\"_ _0\"></span>tion techniques and standar<span class=\"_ _0\"></span>ds that ar<span class=\"_ _0\"></span>e based on market data on the r<span class=\"_ _4\"></span>eporting date. The f<span class=\"_ _0\"></span>air values of financial liabilities, f<span class=\"_ _0\"></span>or the purpose of being r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in Financial Stat<span class=\"_ _0\"></span>ements, are es<span class=\"_ _0\"></span>timated based on the present v<span class=\"_ _4\"></span>alue of the future cash flow<span class=\"_ _0\"></span>s that arise fr<span class=\"_ _0\"></span>om specific contr<span class=\"_ _0\"></span>acts using the curr<span class=\"_ _0\"></span>ent inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate tha<span class=\"_ _0\"></span>t is av<span class=\"_ _0\"></span>ailable for C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies for the use of similar financial cr<span class=\"_ _4\"></span>edit means.<span class=\"_ _8\"></span> Inputs that do not meet the respectiv<span class=\"_ _4\"></span>e criteria and cannot be classified in Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 1 but are observ<span class=\"_ _4\"></span>able, either directly or indirectly<span class=\"_ _1\"></span>, fall under Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2. Ov<span class=\"_ _0\"></span>er-the-count<span class=\"_ _0\"></span>er deriva<span class=\"_ _0\"></span>tive financial ins<span class=\"_ _0\"></span>truments based on prices obtained fr<span class=\"_ _0\"></span>om brok<span class=\"_ _4\"></span>ers are classified in this lev<span class=\"_ _4\"></span>el.<span class=\"_ _8\"></span>  The financial assets, such as unlis<span class=\"_ _0\"></span>ted shar<span class=\"_ _0\"></span>es or option schemes that ar<span class=\"_ _0\"></span>e not tr<span class=\"_ _0\"></span>aded in an activ<span class=\"_ _0\"></span>e market whose measurement is based either on the C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies\u2019 for<span class=\"_ _0\"></span>ecasts f<span class=\"_ _0\"></span>or the issuer\u2019s futur<span class=\"_ _0\"></span>e profitabilit<span class=\"_ _0\"></span>y or on other widely acceptable method ar<span class=\"_ _4\"></span>e classified under Lev<span class=\"_ _4\"></span>el 3.<span class=\"_ _8\"></span> The f<span class=\"_ _0\"></span>ollowing table sho<span class=\"_ _4\"></span>ws the valuation techniques used in measuring f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alues, as well as the significant unobservable inputs used:  <span class=\"_ _112\"> </span> <span class=\"_ _1b8\"> </span>T<span class=\"_ _4\"></span>ype <span class=\"_ _13b\"> </span> V<span class=\"_ _4\"></span>aluation technique Significant unobserv<span class=\"_ _0\"></span>able inputs Int<span class=\"_ _0\"></span>er-relationship <span class=\"_ _8\"></span>between<span class=\"_ _8\"></span>  ke<span class=\"_ _4\"></span>y unobservable inputs<span class=\"_ _d\"></span> <span class=\"_ _1\"></span> and fair v<span class=\"_ _0\"></span>alue measurement<span class=\"_ _8\"></span>  Forw<span class=\"_ _0\"></span>ards <span class=\"_ _1be\"> </span> ex<span class=\"_ _4\"></span>change <span class=\"_ _194\"> </span> contr<span class=\"_ _0\"></span>acts <span class=\"_ _1be\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Market comparis<span class=\"_ _0\"></span>on technique: The fair v<span class=\"_ _0\"></span>alues are based on  broker quotes. Similar c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts  are traded in an activ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>et and  the quotes reflect the actual  transactions in similar instruments Broker quotes Not applicable  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate  <span class=\"_ _1fa\"> </span> swap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts <span class=\"_ _91\"> </span> <span class=\"_ _103\"> </span>Discounting of the future cash flo<span class=\"_ _0\"></span>wsusing the interest r<span class=\"_ _0\"></span>ate curv<span class=\"_ _4\"></span>es at  the reporting date and the cr<span class=\"_ _0\"></span>edit  risk inherent in the contr<span class=\"_ _0\"></span>act Credit risk data Not applicable  Future c<span class=\"_ _0\"></span>ontracts  <span class=\"_ _103\"> </span><span class=\"ff1c\">Market value</span>: Pric<span class=\"_ _0\"></span>e as traded in active market Not applicable   Not applicable  Equity securities  not traded in <span class=\"_ _34\"> </span> active mark<span class=\"_ _0\"></span>ets <span class=\"_ _9d\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span> <span class=\"_ _103\"> </span>Adjust<span class=\"_ _0\"></span>ed Net Asset Me<span class=\"_ _0\"></span>thod: Acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o this method the  Group adjus<span class=\"_ _0\"></span>ts the book values  of an investment\u2019<span class=\"_ _0\"></span>s assets and  liabilities, if and when necessary<span class=\"_ _4\"></span>,  to arrive at their f<span class=\"_ _0\"></span>air market v<span class=\"_ _0\"></span>alue  at the time of valuation  In<span class=\"_ _0\"></span>vestmen<span class=\"_ _0\"></span>t in No<span class=\"_ _0\"></span>val Propert<span class=\"_ _0\"></span>y: Nov<span class=\"_ _0\"></span>al Property is a r<span class=\"_ _4\"></span>eal estate company follo<span class=\"_ _4\"></span>wing fair value  model to value its as<span class=\"_ _0\"></span>sets.  Therefor<span class=\"_ _4\"></span>e, net assets is  considered a r<span class=\"_ _0\"></span>eliable metric  for the estimation of fair  value of the in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estmentThe es<span class=\"_ _0\"></span>timated f<span class=\"_ _0\"></span>air value  w<span class=\"_ _0\"></span>ould increase (<span class=\"_ _4\"></span>decrease)  based on the fair v<span class=\"_ _0\"></span>alue of  underlying pr<span class=\"_ _0\"></span>operties  b) T<span class=\"_ _1\"></span>ransf<span class=\"_ _0\"></span>ers between L<span class=\"_ _4\"></span>ev<span class=\"_ _0\"></span>els 1 and 2 Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>ere no tr<span class=\"_ _4\"></span>ansfers from Le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>el 2 to L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vel 1 or fr<span class=\"_ _4\"></span>om Lev<span class=\"_ _0\"></span>el 1 to L<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>el 2 in 2022 and no transfers in either dir<span class=\"_ _0\"></span>ection in 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-278-6": {
   "value": "22.<span class=\"_\"> </span>Other inv<span class=\"_ _4\"></span>estments Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _16a\"> </span>5,812 <span class=\"_ _e8\"> </span>5,657  Additions <span class=\"_ _214\"> </span>- <span class=\"_ _be\"> </span>-  Change in fair v<span class=\"_ _0\"></span>alue <span class=\"_ _17b\"> </span>496 <span class=\"_ _109\"> </span>156  Disposals <span class=\"_ _215\"> </span>- <span class=\"_ _be\"> </span>-  Balance on 31 December <span class=\"_ _216\"> </span>6,308 <span class=\"_ _111\"> </span>5,812 Other inv<span class=\"_ _4\"></span>estments are equity inv<span class=\"_ _4\"></span>estments at FV<span class=\"_ _0\"></span>OCI and conc<span class=\"_ _0\"></span>ern unlisted shar<span class=\"_ _4\"></span>es (equity instruments<span class=\"_ _0\"></span>) of Greek entities.  32. Joint opera<span class=\"_ _0\"></span>tions Hellenic Cables has a 62.48% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, which was set up as a partnership together with V<span class=\"_ _1\"></span>an Oord. The scope of this joint oper<span class=\"_ _4\"></span>ation scheme is to supply and install sea and land cables for the Hollandse K<span class=\"_ _0\"></span>ust (South) Alpha pr<span class=\"_ _0\"></span>oject and Hollandse Kus<span class=\"_ _0\"></span>t (South) Beta project. T<span class=\"_ _0\"></span>he principal place of business of the joint oper<span class=\"_ _0\"></span>ation is in the Netherlands. Hellenic Cables has a 50.<span class=\"_ _0\"></span>77% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _4\"></span>angement called DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., which<span class=\"_ _8\"></span> was set up as a partnership t<span class=\"_ _0\"></span>ogether with T<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. The scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>act for the supply and installa<span class=\"_ _0\"></span>tion of submarine cables for the c<span class=\"_ _0\"></span>onnection of the Seamade offshore wind project t<span class=\"_ _0\"></span>o the Belgian grid. The principal plac<span class=\"_ _0\"></span>e of business of the joint oper<span class=\"_ _0\"></span>ation is in Belgium. Fulgor has a 10.<span class=\"_ _0\"></span>00% inter<span class=\"_ _4\"></span>est in a joint arrangement called Fulgor \u2013 JDN Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Jan De Nul. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the installation of submarine cables for the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>connection Cr<span class=\"_ _0\"></span>ete-Peloponnese in Gr<span class=\"_ _4\"></span>eece. The principal plac<span class=\"_ _0\"></span>e of business of this joint oper<span class=\"_ _0\"></span>ation is in Gr<span class=\"_ _0\"></span>eece. Fulgor has a 70<span class=\"_ _0\"></span>.27% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea Lt<span class=\"_ _0\"></span>d Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the design, manuf<span class=\"_ _0\"></span>acturing, supply and installation of the 150 kV submarine cable s<span class=\"_ _0\"></span>yst<span class=\"_ _0\"></span>em connecting the under construction 330 MW K<span class=\"_ _0\"></span>afireas II W<span class=\"_ _0\"></span>ind F<span class=\"_ _0\"></span>arm to Gr<span class=\"_ _4\"></span>eece\u2019s mainland grid. T<span class=\"_ _0\"></span>he principal place of business of this joint operation is in Gr<span class=\"_ _4\"></span>eece. The abo<span class=\"_ _4\"></span>ve joint operations w<span class=\"_ _4\"></span>ere formed during prior y<span class=\"_ _0\"></span>ears. The agr<span class=\"_ _0\"></span>eements in r<span class=\"_ _0\"></span>elation to the V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., Fulgor \u2013 JDN<span class=\"_ _8\"></span> Consortium and Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td Consortium r<span class=\"_ _4\"></span>equire unanimous consent fr<span class=\"_ _0\"></span>om all parties for all r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant activities. The tw<span class=\"_ _4\"></span>o partners have dir<span class=\"_ _0\"></span>ect rights to the as<span class=\"_ _0\"></span>sets of the partnership and ar<span class=\"_ _0\"></span>e jointly and sev<span class=\"_ _4\"></span>erally liable for the liabilities incurred b<span class=\"_ _4\"></span>y the partnership. These entities are ther<span class=\"_ _4\"></span>efore classified as joint oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the jointly held assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses as described in note 5.<span class=\"_ _0\"></span>1(g). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-280-5": {
   "value": "23. Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es The f<span class=\"_ _0\"></span>ollowing table sets out the carrying amount of deriv<span class=\"_ _4\"></span>atives:  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 Derivativ<span class=\"_ _4\"></span>es not designated as hedging instrumentsW<span class=\"_ _4\"></span>eighing up the possible effects of monetary policy tightening in the EU and the US<span class=\"_ _0\"></span>A observ<span class=\"_ _0\"></span>ed during the first semester of 20<span class=\"_ _0\"></span>22 and to offset the pot<span class=\"_ _0\"></span>ential impact on finance cos<span class=\"_ _0\"></span>ts due to incr<span class=\"_ _0\"></span>easing inter<span class=\"_ _4\"></span>est rates, C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings companies decided in Q2 2022 t<span class=\"_ _0\"></span>o start using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>aps.<span class=\"_ _8\"></span> V<span class=\"_ _4\"></span>ariable rat<span class=\"_ _0\"></span>e loans and borro<span class=\"_ _4\"></span>wings expose Cener<span class=\"_ _0\"></span>gy Holdings companies t<span class=\"_ _0\"></span>o a rat<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility risk (<span class=\"_ _4\"></span>cash flow risk).  In order t<span class=\"_ _0\"></span>o hedge it, inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate swaps ar<span class=\"_ _4\"></span>e used to effectively tr<span class=\"_ _4\"></span>ansform the variable inter<span class=\"_ _4\"></span>est rate of the loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed one, thus r<span class=\"_ _0\"></span>educing such v<span class=\"_ _0\"></span>olatility risk.  Inter<span class=\"_ _4\"></span>est rate s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts inv<span class=\"_ _4\"></span>olve ex<span class=\"_ _4\"></span>changing, on specified dates cash amounts equal to the differ<span class=\"_ _4\"></span>ence between a c<span class=\"_ _0\"></span>ontract<span class=\"_ _0\"></span>ed fix<span class=\"_ _0\"></span>ed inter<span class=\"_ _4\"></span>est rate calculat<span class=\"_ _0\"></span>ed on a principal and a v<span class=\"_ _0\"></span>ariable rat<span class=\"_ _0\"></span>e calculat<span class=\"_ _0\"></span>ed on the same principal.  By car<span class=\"_ _0\"></span>efully choosing the variable r<span class=\"_ _4\"></span>ate and the principal of the swap<span class=\"_ _0\"></span>, one actually transf<span class=\"_ _0\"></span>orms a floating r<span class=\"_ _0\"></span>ate loan int<span class=\"_ _0\"></span>o a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te one. During H1 2022, both segments enter<span class=\"_ _4\"></span>ed swap agreements on a t<span class=\"_ _0\"></span>otal notional v<span class=\"_ _0\"></span>alue of EUR 80 million to counterbalanc<span class=\"_ _0\"></span>e potential higher futur<span class=\"_ _4\"></span>e interest c<span class=\"_ _0\"></span>osts on their loans.  All those sw<span class=\"_ _4\"></span>aps have an initial t<span class=\"_ _0\"></span>erm of 7 y<span class=\"_ _0\"></span>ears. These actions ar<span class=\"_ _0\"></span>e in line with the r<span class=\"_ _0\"></span>elated policy of C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies aiming to ensur<span class=\"_ _4\"></span>e that a portion of<span class=\"_ _8\"></span> their loans and borro<span class=\"_ _4\"></span>wings are at fix<span class=\"_ _0\"></span>ed rat<span class=\"_ _0\"></span>es. The f<span class=\"_ _0\"></span>air value of an int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap a<span class=\"_ _0\"></span>t the reporting dat<span class=\"_ _0\"></span>e is determined b<span class=\"_ _4\"></span>y discounting its future cash flo<span class=\"_ _0\"></span>ws using term structur<span class=\"_ _4\"></span>e of interest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es at the reporting da<span class=\"_ _0\"></span>te and the cr<span class=\"_ _0\"></span>edit risk inher<span class=\"_ _0\"></span>ent in the sw<span class=\"_ _0\"></span>ap contr<span class=\"_ _0\"></span>act, if any<span class=\"_ _1\"></span>. The int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ontracts ar<span class=\"_ _4\"></span>e entered into f<span class=\"_ _0\"></span>or periods consis<span class=\"_ _0\"></span>tent with the e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e of the underlying debt instruments but ar<span class=\"_ _0\"></span>e not designated as cash flo<span class=\"_ _0\"></span>w hedges since the timing and amount t<span class=\"_ _0\"></span>erms in<span class=\"_ _0\"></span>volv<span class=\"_ _4\"></span>ed in the swap contr<span class=\"_ _0\"></span>acts do not e<span class=\"_ _0\"></span>xactly mat<span class=\"_ _0\"></span>ch those of the underlying debt instruments; ther<span class=\"_ _0\"></span>efor<span class=\"_ _0\"></span>e, a hedging r<span class=\"_ _0\"></span>elationship as described in IFRS is not established. Consequently<span class=\"_ _1\"></span>, the valuation of such int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts is included in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. Hedge accounting Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hold deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e financial instruments f<span class=\"_ _0\"></span>or cash flow and f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges.  The abo<span class=\"_ _4\"></span>vementioned derivativ<span class=\"_ _4\"></span>e financial instruments co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er risks from:  \u2022 <span class=\"_ _23\"> </span>Changes in the pric<span class=\"_ _0\"></span>es of metals list<span class=\"_ _0\"></span>ed in LME. \u2022 <span class=\"_ _23\"> </span>Fluctua<span class=\"_ _0\"></span>tions of for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es. The maturity and the nominal v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es held by C<span class=\"_ _0\"></span>ener<span class=\"_ _0\"></span>gy Holdings\u2019 companies, in principle, mat<span class=\"_ _0\"></span>ch the maturity and nominal v<span class=\"_ _0\"></span>alue of the underlying assets / liabilities (hedged items<span class=\"_ _0\"></span>). Derivativ<span class=\"_ _4\"></span>es held by Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies c<span class=\"_ _0\"></span>oncern mainly:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>uture c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts to hedge the risk fr<span class=\"_ _0\"></span>om the change of the price of metals lis<span class=\"_ _0\"></span>ted in LME (London Metal Ex<span class=\"_ _0\"></span>change) and used in pr<span class=\"_ _4\"></span>oduction of Cenergy Holdings\u2019 companies in the cables segment (i.<span class=\"_ _0\"></span>e., mainly c<span class=\"_ _0\"></span>opper and aluminium). Such hedges are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>oreign ex<span class=\"_ _4\"></span>change forwards t<span class=\"_ _0\"></span>o hedge the risk fr<span class=\"_ _0\"></span>om the change in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>e of US Dollar and British Pound (i.e., curr<span class=\"_ _4\"></span>encies to which Cenergy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ar<span class=\"_ _0\"></span>e mainly exposed). Such hedges ar<span class=\"_ _4\"></span>e either designated<span class=\"_ _8\"></span> as fair v<span class=\"_ _0\"></span>alue or cash flo<span class=\"_ _0\"></span>w hedges depending on the item hedged. F<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, when used for hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on outstanding r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables and pay<span class=\"_ _4\"></span>ables denominated in for<span class=\"_ _0\"></span>eign currency ar<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> designated as f<span class=\"_ _0\"></span>air value hedges. F<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change forw<span class=\"_ _0\"></span>ards, when used f<span class=\"_ _0\"></span>or hedging for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change risk on the for<span class=\"_ _0\"></span>ecasted sales of goods or pur<span class=\"_ _4\"></span>chase of materials, are designat<span class=\"_ _0\"></span>ed as cash flo<span class=\"_ _0\"></span>w hedges. Derivativ<span class=\"_ _4\"></span>es are rec<span class=\"_ _0\"></span>ognised when Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ent<span class=\"_ _0\"></span>er into the tr<span class=\"_ _4\"></span>ansaction in order to hedge the fair v<span class=\"_ _0\"></span>alue of r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, liabilities or commitments (f<span class=\"_ _0\"></span>air value hedges<span class=\"_ _4\"></span>) or highly probable transactions (<span class=\"_ _4\"></span>cash flow hedges). F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. Cash flow hedges  The eff<span class=\"_ _0\"></span>ective portion of change in f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue of deriva<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>es designated as a cash flo<span class=\"_ _0\"></span>w hedge is r<span class=\"_ _0\"></span>ecognised in other compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (<span class=\"_ _4\"></span>OCI), under \u201cHedging Reserve\u201d. The gain or los<span class=\"_ _0\"></span>s on the non-effectiv<span class=\"_ _4\"></span>e proportion is rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded to the pr<span class=\"_ _0\"></span>ofit or loss.  The amounts r<span class=\"_ _0\"></span>ecor<span class=\"_ _4\"></span>ded in \u201cHedging Reserve\u201d ar<span class=\"_ _0\"></span>e reclas<span class=\"_ _0\"></span>sified to the C<span class=\"_ _0\"></span>onsolidated Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss of the period when the ev<span class=\"_ _4\"></span>ent hedged occurs, i.e. at the dat<span class=\"_ _0\"></span>e when the for<span class=\"_ _4\"></span>ecasted transaction which c<span class=\"_ _0\"></span>onstitutes the object of the hedge took place or the hedged it<span class=\"_ _0\"></span>em affects pr<span class=\"_ _4\"></span>ofit and loss (for ex<span class=\"_ _0\"></span>ample, in case of a forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d sale of aluminium, the reserv<span class=\"_ _4\"></span>e is recognised in Consolidat<span class=\"_ _0\"></span>ed Stat<span class=\"_ _0\"></span>ement of Profit or L<span class=\"_ _0\"></span>oss aft<span class=\"_ _0\"></span>er the net cash settlement of future c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act and at the date the aluminium sold). When a hedge item is sold or when the hedging pr<span class=\"_ _0\"></span>oportion no longer meets the hedge acc<span class=\"_ _0\"></span>ounting criteria, hedge accounting is disc<span class=\"_ _0\"></span>ontinued pr<span class=\"_ _0\"></span>ospectiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>, the amounts recor<span class=\"_ _0\"></span>ded in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d remain as a reserv<span class=\"_ _4\"></span>e and are reclas<span class=\"_ _0\"></span>sified to the Consolida<span class=\"_ _0\"></span>ted Stat<span class=\"_ _0\"></span>ement of Pr<span class=\"_ _0\"></span>ofit or Loss when the hedged asset aff<span class=\"_ _0\"></span>ects pr<span class=\"_ _0\"></span>ofits or losses. In the case of a hedge on a for<span class=\"_ _0\"></span>ecast futur<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ansaction, which is no longer expect<span class=\"_ _0\"></span>ed to be r<span class=\"_ _4\"></span>ealized, the amounts recor<span class=\"_ _4\"></span>ded<span class=\"_ _8\"></span> in \u201cHedging reserv<span class=\"_ _4\"></span>e\u201d are reclas<span class=\"_ _0\"></span>sified to the c<span class=\"_ _0\"></span>onsolidated sta<span class=\"_ _0\"></span>tement of pr<span class=\"_ _0\"></span>ofit or loss.  The change in f<span class=\"_ _0\"></span>air value r<span class=\"_ _4\"></span>ecognized in equity under cash flo<span class=\"_ _0\"></span>w hedging on 31 December 2022 will be r<span class=\"_ _4\"></span>ecycled to the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s during 2023 and the long term portion during 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4, in acc<span class=\"_ _0\"></span>ordanc<span class=\"_ _0\"></span>e with the maturity date of the deriv<span class=\"_ _4\"></span>atives used, when the hedged e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ents are e<span class=\"_ _4\"></span>xpected to occur (the for<span class=\"_ _4\"></span>ecasted transactions will take plac<span class=\"_ _0\"></span>e or the hedged items will aff<span class=\"_ _0\"></span>ect profit or los<span class=\"_ _0\"></span>s). Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies e<span class=\"_ _0\"></span>xamine the eff<span class=\"_ _0\"></span>ectiv<span class=\"_ _0\"></span>eness of the cash flo<span class=\"_ _0\"></span>w hedge at inception (pr<span class=\"_ _4\"></span>ospectively) by comparing the critical terms of the hedging ins<span class=\"_ _0\"></span>trument with the critical terms of the hedged it<span class=\"_ _0\"></span>em, and then at e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ery reporting dat<span class=\"_ _0\"></span>e (r<span class=\"_ _0\"></span>etrospectiv<span class=\"_ _4\"></span>ely) the effectivenes<span class=\"_ _0\"></span>s of the cash flow hedge b<span class=\"_ _4\"></span>y applying the dollar offset method on a<span class=\"_ _8\"></span> cumulativ<span class=\"_ _0\"></span>e basis is ex<span class=\"_ _0\"></span>amined. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies\u2019 r<span class=\"_ _0\"></span>esults fr<span class=\"_ _0\"></span>om the hedging activities rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed for metal futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts in \u201cRe<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue\u201d and \u201cCos<span class=\"_ _0\"></span>t of sales\u201d.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss ar<span class=\"_ _0\"></span>e the follo<span class=\"_ _0\"></span>wing:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  Gain / (loss) on futur<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts <span class=\"_ _1d8\"> </span>1,934 <span class=\"_ _aa\"> </span>(14,<span class=\"_ _0\"></span>166)  Gain / (loss) on for<span class=\"_ _4\"></span>eign exchange f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts <span class=\"_ _fa\"> </span>7<span class=\"_ _1\"></span>,579 <span class=\"_ _c9\"> </span>(189)  T<span class=\"_ _1\"></span>otal <span class=\"_ _c8\"> </span>12,881 <span class=\"_ _1ad\"> </span>(14,355) The v<span class=\"_ _0\"></span>aluation of futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts used for cash flow hedging and r<span class=\"_ _0\"></span>ecognized in other c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income (Hedging reserv<span class=\"_ _4\"></span>e) on 31 December 2022 will be r<span class=\"_ _4\"></span>ecognized in profit or los<span class=\"_ _0\"></span>s during the ne<span class=\"_ _0\"></span>xt financial y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>, while<span class=\"_ _8\"></span> the valuation of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change forwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts will be r<span class=\"_ _0\"></span>ecy<span class=\"_ _0\"></span>cled to the c<span class=\"_ _0\"></span>onsolidated s<span class=\"_ _0\"></span>tatement of pr<span class=\"_ _4\"></span>ofit or loss<span class=\"_ _8\"></span> during 2023 and 202<span class=\"_ _4\"></span>4, in accordanc<span class=\"_ _0\"></span>e with the maturity dat<span class=\"_ _0\"></span>e of the deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es used. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-281-6": {
   "value": " <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies\u2019 r<span class=\"_ _0\"></span>esults fr<span class=\"_ _0\"></span>om the hedging activities rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ded in the stat<span class=\"_ _0\"></span>ement of profit or los<span class=\"_ _0\"></span>s are present<span class=\"_ _0\"></span>ed for metal futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts and foreign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change contr<span class=\"_ _0\"></span>acts in \u201cRe<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enue\u201d and \u201cCos<span class=\"_ _0\"></span>t of sales\u201d.  The amounts r<span class=\"_ _0\"></span>ecogniz<span class=\"_ _0\"></span>ed in the consolidat<span class=\"_ _0\"></span>ed stat<span class=\"_ _0\"></span>ement of pr<span class=\"_ _0\"></span>ofit or loss ar<span class=\"_ _0\"></span>e the follo<span class=\"_ _0\"></span>wing:  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Gain on interes<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e sw<span class=\"_ _0\"></span>aps <span class=\"_ _13c\"> </span>3,368 <span class=\"_ _be\"> </span>-  Gain / (loss) on futur<span class=\"_ _0\"></span>e contr<span class=\"_ _0\"></span>acts <span class=\"_ _1d8\"> </span>1,934 <span class=\"_ _aa\"> </span>(14,<span class=\"_ _0\"></span>166)  Gain / (loss) on for<span class=\"_ _4\"></span>eign exchange f<span class=\"_ _0\"></span>orwar<span class=\"_ _0\"></span>d contr<span class=\"_ _0\"></span>acts <span class=\"_ _fa\"> </span>7<span class=\"_ _1\"></span>,579 <span class=\"_ _c9\"> </span>(189)  T<span class=\"_ _1\"></span>otal <span class=\"_ _c8\"> </span>12,881 <span class=\"_ _1ad\"> </span>(14,355) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-281-7": {
   "value": " <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-Current assets <span class=\"_ _217\"> </span> <span class=\"_ _137\"> </span>  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>wap contr<span class=\"_ _4\"></span>acts <span class=\"_ _218\"> </span>3,368 <span class=\"_ _be\"> </span>-  Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>3,62<span class=\"_ _0\"></span>4 <span class=\"_ _be\"> </span>-  Options <span class=\"_ _219\"> </span>-  <span class=\"_ _102\"> </span>944  T<span class=\"_ _1\"></span>otal <span class=\"_ _21a\"> </span>6,992 <span class=\"_ _189\"> </span>944  Current assets Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _21c\"> </span>9,<span class=\"_ _4\"></span>157 <span class=\"_ _10e\"> </span>536  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>463 <span class=\"_ _be\"> </span>-  T<span class=\"_ _1\"></span>otal <span class=\"_ _169\"> </span>9,620 <span class=\"_ _10e\"> </span>536  Current liabilities Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign e<span class=\"_ _4\"></span>xchange contr<span class=\"_ _0\"></span>acts <span class=\"_ _84\"> </span>9,833 <span class=\"_ _163\"> </span>1,397  Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _21d\"> </span>956 <span class=\"_ _ce\"> </span>1,<span class=\"_ _4\"></span>199  T<span class=\"_ _1\"></span>otal <span class=\"_ _d5\"> </span>10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>90 <span class=\"_ _10b\"> </span>2,596 F<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges  Derivativ<span class=\"_ _4\"></span>es are designated as f<span class=\"_ _0\"></span>air v<span class=\"_ _0\"></span>alue hedges when the exposur<span class=\"_ _4\"></span>e to changes in the fair value of a r<span class=\"_ _4\"></span>ecognized financial asset or liability is hedged. Changes in the fair v<span class=\"_ _4\"></span>alue of derivativ<span class=\"_ _0\"></span>es that ar<span class=\"_ _0\"></span>e designated and qualified as f<span class=\"_ _0\"></span>air value hedges ar<span class=\"_ _4\"></span>e recor<span class=\"_ _0\"></span>ded in the Consolidat<span class=\"_ _0\"></span>ed Statement of Pr<span class=\"_ _4\"></span>ofit or Loss, along with any changes in the fair v<span class=\"_ _0\"></span>alue of the hedged asset or liability that ar<span class=\"_ _0\"></span>e attributable t<span class=\"_ _0\"></span>o the hedged risk. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-289-2": {
   "value": "24. Capital and r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es  A. Share capital and share pr<span class=\"_ _0\"></span>emium  The outstanding shar<span class=\"_ _4\"></span>e capital and number of shares of the Company ar<span class=\"_ _4\"></span>e as follows: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>otal outstanding share capital: EUR 117<span class=\"_ _1\"></span>,892,<span class=\"_ _4\"></span>172.38; and<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>otal number of shares: 190,<span class=\"_ _4\"></span>162,681.<span class=\"_ _8\"></span> The shar<span class=\"_ _0\"></span>es of the Compan<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e no nominal value. Holders of shar<span class=\"_ _0\"></span>es are entitled t<span class=\"_ _0\"></span>o one v<span class=\"_ _0\"></span>ote per shar<span class=\"_ _0\"></span>e at the shareholders meetings of the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Share pr<span class=\"_ _4\"></span>emium of the Company amounts to EUR 58,600 thousand. B. Nature and purpose of r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es a) Statutory r<span class=\"_ _0\"></span>eserve Pursuant to the Belgian tax legislation, the companies ar<span class=\"_ _4\"></span>e obliged, from their fiscal year pr<span class=\"_ _4\"></span>ofits, to form 5% as a legal reserv<span class=\"_ _4\"></span>e until it reaches 10% of their paid share capital. T<span class=\"_ _0\"></span>he distribution of the legal r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e is pr<span class=\"_ _0\"></span>ohibited.  Pursuant to Gr<span class=\"_ _0\"></span>eek compan<span class=\"_ _0\"></span>y law<span class=\"_ _4\"></span>, the companies ar<span class=\"_ _0\"></span>e obliged to alloca<span class=\"_ _0\"></span>te each y<span class=\"_ _0\"></span>ear at least 5% of its annual net pr<span class=\"_ _4\"></span>ofits<span class=\"_ _8\"></span> to its statut<span class=\"_ _0\"></span>ory r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e, until this r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e equals at least 1/3 of the c<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s share capital. The distribution of the statutory r<span class=\"_ _4\"></span>eserve is prohibit<span class=\"_ _0\"></span>ed but it can be used to offset los<span class=\"_ _0\"></span>ses.  b) Hedging r<span class=\"_ _0\"></span>eserve The hedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e includes the effectiv<span class=\"_ _4\"></span>e portion of the cumulative net change in the fair v<span class=\"_ _0\"></span>alue of hedging instruments used in cash flo<span class=\"_ _0\"></span>w hedges pending subsequent rec<span class=\"_ _0\"></span>ognition in pr<span class=\"_ _0\"></span>ofit or loss as the hedged cash flo<span class=\"_ _0\"></span>ws affect pr<span class=\"_ _0\"></span>ofit or loss. c) FVOCI res<span class=\"_ _0\"></span>erve This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of IFRS 9 r<span class=\"_ _0\"></span>egarding the tr<span class=\"_ _4\"></span>eatment of<span class=\"_ _8\"></span> other inv<span class=\"_ _4\"></span>estments classified as FVOCI. d) Special reserves  This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of certain de<span class=\"_ _4\"></span>velopmental law<span class=\"_ _0\"></span>s, which wer<span class=\"_ _4\"></span>e granting tax benefits to companies that in<span class=\"_ _4\"></span>vested their r<span class=\"_ _4\"></span>etained earnings rather than distribute them t<span class=\"_ _0\"></span>o the shareholders. Mor<span class=\"_ _4\"></span>e specifically<span class=\"_ _4\"></span>, the aforementioned r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es either hav<span class=\"_ _4\"></span>e exhausted their inc<span class=\"_ _0\"></span>ome tax liability or hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> been permanently ex<span class=\"_ _4\"></span>empted from inc<span class=\"_ _0\"></span>ome tax, after the lapse of a specified period beginning fr<span class=\"_ _0\"></span>om the completion of the inv<span class=\"_ _4\"></span>estments they conc<span class=\"_ _0\"></span>ern. e) T<span class=\"_ _1\"></span>ax e<span class=\"_ _4\"></span>xempt reserv<span class=\"_ _0\"></span>es This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of certain tax la<span class=\"_ _0\"></span>ws and ar<span class=\"_ _4\"></span>e ex<span class=\"_ _0\"></span>empt from inc<span class=\"_ _0\"></span>ome tax, pr<span class=\"_ _0\"></span>ovided tha<span class=\"_ _0\"></span>t they ar<span class=\"_ _4\"></span>e not distributed to the shar<span class=\"_ _0\"></span>eholders. In case these reserv<span class=\"_ _4\"></span>es are distributed, they will be tax<span class=\"_ _4\"></span>ed using the tax rate applying at such time<span class=\"_ _0\"></span>. f) T<span class=\"_ _4\"></span>ranslation reserv<span class=\"_ _0\"></span>e  The tr<span class=\"_ _0\"></span>anslation r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e comprises all f<span class=\"_ _0\"></span>oreign curr<span class=\"_ _4\"></span>ency differenc<span class=\"_ _0\"></span>es arising from the tr<span class=\"_ _4\"></span>anslation of the financial<span class=\"_ _8\"></span> statements of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions. C. Reconciliation of r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es  <span class=\"_ _212\"> </span> Amounts in EUR thousand <span class=\"_ _f9\"> </span>Statutory reserve Hedging reserv<span class=\"_ _4\"></span>e FV<span class=\"_ _4\"></span>OCI reserve Special reserves T<span class=\"_ _1\"></span>ax ex<span class=\"_ _4\"></span>empt reserves T<span class=\"_ _0\"></span>ransla<span class=\"_ _0\"></span>tion reserve<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January 2021 <span class=\"_ _f8\"> </span>7<span class=\"_ _4\"></span>,712 <span class=\"_ _29\"> </span>(1,630) <span class=\"_ _45\"> </span>640 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _63\"> </span>36,318 <span class=\"_ _64\"> </span>(21,876) <span class=\"_ _5f\"> </span>30,427  Other compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome,   net of tax <span class=\"_ _120\"> </span>-  <span class=\"_ _57\"> </span>107 <span class=\"_ _63\"> </span>156 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _1ef\"> </span>-  <span class=\"_ _4c\"> </span>643 <span class=\"_ _5e\"> </span><span class=\"ff1a\">906</span>  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>er of reserv<span class=\"_ _4\"></span>es <span class=\"_ _1b4\"> </span>1,10<span class=\"_ _0\"></span>7 <span class=\"_ _1a2\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _1c2\"> </span>-  <span class=\"_ _1c2\"> </span>660 <span class=\"_ _1f9\"> </span>-  <span class=\"_ _35\"> </span><span class=\"ff1a ls1b ws79\">1,767<span class=\"_ _8\"></span></span>  Acquisition of non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ests<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>17 <span class=\"_ _43\"> </span>3 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _1c2\"> </span>-  <span class=\"_ _e4\"> </span>38 <span class=\"_ _34\"> </span>(100) <span class=\"_ _75\"> </span><span class=\"ff1a\">(41)</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _21\"> </span>8,836 <span class=\"_ _93\"> </span>(1,519) <span class=\"_ _57\"> </span>796 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _db\"> </span>37<span class=\"_ _1\"></span>,016 <span class=\"_ _e9\"> </span>(21,333) <span class=\"_ _81\"> </span>33,<span class=\"_ _0\"></span>059  Balance on 1 January 2022 <span class=\"_ _21f\"> </span>8,836 <span class=\"_ _93\"> </span>(1,519) <span class=\"_ _57\"> </span>796 <span class=\"_ _99\"> </span>9,263 <span class=\"_ _db\"> </span>37<span class=\"_ _4\"></span>,016 <span class=\"_ _64\"> </span>(21,333) <span class=\"_ _81\"> </span>33,05<span class=\"_ _0\"></span>9  Other compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome,   net of tax <span class=\"_ _120\"> </span>-  <span class=\"_ _78\"> </span>2,380 <span class=\"_ _61\"> </span>496 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _9a\"> </span>59<span class=\"_ _0\"></span>7 <span class=\"_ _5c\"> </span><span class=\"ff1a\">3,4<span class=\"_ _0\"></span>73<span class=\"ff19\"> </span></span> T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>er of reserv<span class=\"_ _4\"></span>es <span class=\"_ _112\"> </span>1,968 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _db\"> </span>(660) <span class=\"_ _1f9\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">1,308</span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _71\"> </span>10,80<span class=\"_ _0\"></span>3 <span class=\"_ _9d\"> </span>860 <span class=\"_ _94\"> </span>1,291 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _57\"> </span>36,356 <span class=\"_ _99\"> </span>(20,7<span class=\"_ _0\"></span>35) <span class=\"_ _5d\"> </span>3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,839",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-290-3": {
   "value": "A. Share capital and share pr<span class=\"_ _0\"></span>emium  The outstanding shar<span class=\"_ _4\"></span>e capital and number of shares of the Company ar<span class=\"_ _4\"></span>e as follows: \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>otal outstanding share capital: EUR 117<span class=\"_ _1\"></span>,892,<span class=\"_ _4\"></span>172.38; and<span class=\"_ _8\"></span> \u2022 <span class=\"_ _23\"> </span>T<span class=\"_ _2\"></span>otal number of shares: 190,<span class=\"_ _4\"></span>162,681.<span class=\"_ _8\"></span> The shar<span class=\"_ _0\"></span>es of the Compan<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e no nominal value. Holders of shar<span class=\"_ _0\"></span>es are entitled t<span class=\"_ _0\"></span>o one v<span class=\"_ _0\"></span>ote per shar<span class=\"_ _0\"></span>e at the shareholders meetings of the C<span class=\"_ _0\"></span>ompany<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Share pr<span class=\"_ _4\"></span>emium of the Company amounts to EUR 58,600 thousand. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-291-3": {
   "value": "B. Nature and purpose of r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es a) Statutory r<span class=\"_ _0\"></span>eserve Pursuant to the Belgian tax legislation, the companies ar<span class=\"_ _4\"></span>e obliged, from their fiscal year pr<span class=\"_ _4\"></span>ofits, to form 5% as a legal reserv<span class=\"_ _4\"></span>e until it reaches 10% of their paid share capital. T<span class=\"_ _0\"></span>he distribution of the legal r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e is pr<span class=\"_ _0\"></span>ohibited.  Pursuant to Gr<span class=\"_ _0\"></span>eek compan<span class=\"_ _0\"></span>y law<span class=\"_ _4\"></span>, the companies ar<span class=\"_ _0\"></span>e obliged to alloca<span class=\"_ _0\"></span>te each y<span class=\"_ _0\"></span>ear at least 5% of its annual net pr<span class=\"_ _4\"></span>ofits<span class=\"_ _8\"></span> to its statut<span class=\"_ _0\"></span>ory r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e, until this r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e equals at least 1/3 of the c<span class=\"_ _0\"></span>ompany\u2019<span class=\"_ _4\"></span>s share capital. The distribution of the statutory r<span class=\"_ _4\"></span>eserve is prohibit<span class=\"_ _0\"></span>ed but it can be used to offset los<span class=\"_ _0\"></span>ses.  b) Hedging r<span class=\"_ _0\"></span>eserve The hedging r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e includes the effectiv<span class=\"_ _4\"></span>e portion of the cumulative net change in the fair v<span class=\"_ _0\"></span>alue of hedging instruments used in cash flo<span class=\"_ _0\"></span>w hedges pending subsequent rec<span class=\"_ _0\"></span>ognition in pr<span class=\"_ _0\"></span>ofit or loss as the hedged cash flo<span class=\"_ _0\"></span>ws affect pr<span class=\"_ _0\"></span>ofit or loss. c) FVOCI res<span class=\"_ _0\"></span>erve This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of IFRS 9 r<span class=\"_ _0\"></span>egarding the tr<span class=\"_ _4\"></span>eatment of<span class=\"_ _8\"></span> other inv<span class=\"_ _4\"></span>estments classified as FVOCI. d) Special reserves  This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of certain de<span class=\"_ _4\"></span>velopmental law<span class=\"_ _0\"></span>s, which wer<span class=\"_ _4\"></span>e granting tax benefits to companies that in<span class=\"_ _4\"></span>vested their r<span class=\"_ _4\"></span>etained earnings rather than distribute them t<span class=\"_ _0\"></span>o the shareholders. Mor<span class=\"_ _4\"></span>e specifically<span class=\"_ _4\"></span>, the aforementioned r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es either hav<span class=\"_ _4\"></span>e exhausted their inc<span class=\"_ _0\"></span>ome tax liability or hav<span class=\"_ _4\"></span>e<span class=\"_ _8\"></span> been permanently ex<span class=\"_ _4\"></span>empted from inc<span class=\"_ _0\"></span>ome tax, after the lapse of a specified period beginning fr<span class=\"_ _0\"></span>om the completion of the inv<span class=\"_ _4\"></span>estments they conc<span class=\"_ _0\"></span>ern. e) T<span class=\"_ _1\"></span>ax e<span class=\"_ _4\"></span>xempt reserv<span class=\"_ _0\"></span>es This cat<span class=\"_ _0\"></span>egory r<span class=\"_ _0\"></span>elates t<span class=\"_ _0\"></span>o reserv<span class=\"_ _4\"></span>es formed by the application of the pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>visions of certain tax la<span class=\"_ _0\"></span>ws and ar<span class=\"_ _4\"></span>e ex<span class=\"_ _0\"></span>empt from inc<span class=\"_ _0\"></span>ome tax, pr<span class=\"_ _0\"></span>ovided tha<span class=\"_ _0\"></span>t they ar<span class=\"_ _4\"></span>e not distributed to the shar<span class=\"_ _0\"></span>eholders. In case these reserv<span class=\"_ _4\"></span>es are distributed, they will be tax<span class=\"_ _4\"></span>ed using the tax rate applying at such time<span class=\"_ _0\"></span>. f) T<span class=\"_ _4\"></span>ranslation reserv<span class=\"_ _0\"></span>e  The tr<span class=\"_ _0\"></span>anslation r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>e comprises all f<span class=\"_ _0\"></span>oreign curr<span class=\"_ _4\"></span>ency differenc<span class=\"_ _0\"></span>es arising from the tr<span class=\"_ _4\"></span>anslation of the financial<span class=\"_ _8\"></span> statements of f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign opera<span class=\"_ _0\"></span>tions. C. Reconciliation of r<span class=\"_ _0\"></span>eserv<span class=\"_ _0\"></span>es  <span class=\"_ _212\"> </span> Amounts in EUR thousand <span class=\"_ _f9\"> </span>Statutory reserve Hedging reserv<span class=\"_ _4\"></span>e FV<span class=\"_ _4\"></span>OCI reserve Special reserves T<span class=\"_ _1\"></span>ax ex<span class=\"_ _4\"></span>empt reserves T<span class=\"_ _0\"></span>ransla<span class=\"_ _0\"></span>tion reserve<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January 2021 <span class=\"_ _f8\"> </span>7<span class=\"_ _4\"></span>,712 <span class=\"_ _29\"> </span>(1,630) <span class=\"_ _45\"> </span>640 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _63\"> </span>36,318 <span class=\"_ _64\"> </span>(21,876) <span class=\"_ _5f\"> </span>30,427  Other compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome,   net of tax <span class=\"_ _120\"> </span>-  <span class=\"_ _57\"> </span>107 <span class=\"_ _63\"> </span>156 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _1ef\"> </span>-  <span class=\"_ _4c\"> </span>643 <span class=\"_ _5e\"> </span><span class=\"ff1a\">906</span>  T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>er of reserv<span class=\"_ _4\"></span>es <span class=\"_ _1b4\"> </span>1,10<span class=\"_ _0\"></span>7 <span class=\"_ _1a2\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _1c2\"> </span>-  <span class=\"_ _1c2\"> </span>660 <span class=\"_ _1f9\"> </span>-  <span class=\"_ _35\"> </span><span class=\"ff1a ls1b ws79\">1,767<span class=\"_ _8\"></span></span>  Acquisition of non-c<span class=\"_ _0\"></span>ontrolling int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ests<span class=\"fc6 sc0\"> </span><span class=\"_ _4e\"> </span>17 <span class=\"_ _43\"> </span>3 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _1c2\"> </span>-  <span class=\"_ _e4\"> </span>38 <span class=\"_ _34\"> </span>(100) <span class=\"_ _75\"> </span><span class=\"ff1a\">(41)</span>  Balance on 31 December 20<span class=\"_ _0\"></span>21 <span class=\"_ _21\"> </span>8,836 <span class=\"_ _93\"> </span>(1,519) <span class=\"_ _57\"> </span>796 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _db\"> </span>37<span class=\"_ _1\"></span>,016 <span class=\"_ _e9\"> </span>(21,333) <span class=\"_ _81\"> </span>33,<span class=\"_ _0\"></span>059  Balance on 1 January 2022 <span class=\"_ _21f\"> </span>8,836 <span class=\"_ _93\"> </span>(1,519) <span class=\"_ _57\"> </span>796 <span class=\"_ _99\"> </span>9,263 <span class=\"_ _db\"> </span>37<span class=\"_ _4\"></span>,016 <span class=\"_ _64\"> </span>(21,333) <span class=\"_ _81\"> </span>33,05<span class=\"_ _0\"></span>9  Other compr<span class=\"_ _0\"></span>ehensive inc<span class=\"_ _0\"></span>ome,   net of tax <span class=\"_ _120\"> </span>-  <span class=\"_ _78\"> </span>2,380 <span class=\"_ _61\"> </span>496 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _40\"> </span>-  <span class=\"_ _9a\"> </span>59<span class=\"_ _0\"></span>7 <span class=\"_ _5c\"> </span><span class=\"ff1a\">3,4<span class=\"_ _0\"></span>73<span class=\"ff19\"> </span></span> T<span class=\"_ _4\"></span>ransf<span class=\"_ _0\"></span>er of reserv<span class=\"_ _4\"></span>es <span class=\"_ _112\"> </span>1,968 <span class=\"_ _1f8\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _71\"> </span>-  <span class=\"_ _db\"> </span>(660) <span class=\"_ _1f9\"> </span>-  <span class=\"_ _78\"> </span><span class=\"ff1a\">1,308</span>  Balance on 31 December 20<span class=\"_ _0\"></span>22 <span class=\"_ _71\"> </span>10,80<span class=\"_ _0\"></span>3 <span class=\"_ _9d\"> </span>860 <span class=\"_ _94\"> </span>1,291 <span class=\"_ _80\"> </span>9,26<span class=\"_ _0\"></span>3 <span class=\"_ _57\"> </span>36,356 <span class=\"_ _99\"> </span>(20,7<span class=\"_ _0\"></span>35) <span class=\"_ _5d\"> </span>3<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,839",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-303-2": {
   "value": "25. Capital management<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings\u2019 policy consis<span class=\"_ _0\"></span>ts in maintaining a str<span class=\"_ _0\"></span>ong capital structur<span class=\"_ _0\"></span>e to k<span class=\"_ _0\"></span>eep the confidenc<span class=\"_ _0\"></span>e of inv<span class=\"_ _4\"></span>estors, credit<span class=\"_ _0\"></span>ors and the mark<span class=\"_ _0\"></span>et and enable the future de<span class=\"_ _4\"></span>velopment of its activities. The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors closely monitors the r<span class=\"_ _0\"></span>eturn on capital and the le<span class=\"_ _0\"></span>vel of dividends dis<span class=\"_ _0\"></span>tributed t<span class=\"_ _0\"></span>o holders of ordinary shar<span class=\"_ _4\"></span>es.<span class=\"_ _8\"></span> The Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors tries t<span class=\"_ _0\"></span>o maintain an equilibrium betw<span class=\"_ _0\"></span>een higher returns tha<span class=\"_ _0\"></span>t would be f<span class=\"_ _0\"></span>easible through higher borro<span class=\"_ _4\"></span>wing levels and the adv<span class=\"_ _4\"></span>antages and security offered b<span class=\"_ _0\"></span>y a str<span class=\"_ _0\"></span>ong and r<span class=\"_ _0\"></span>obust capital structur<span class=\"_ _0\"></span>e. In this conte<span class=\"_ _4\"></span>xt, the Board of Direct<span class=\"_ _0\"></span>ors monitors the R<span class=\"_ _0\"></span>eturn on Capital Emplo<span class=\"_ _0\"></span>yed (R<span class=\"_ _0\"></span>OCE) inde<span class=\"_ _0\"></span>x defined as EBIT (result of the period (earnings aft<span class=\"_ _0\"></span>er tax) befor<span class=\"_ _4\"></span>e income taxes &amp; net financ<span class=\"_ _0\"></span>e costs<span class=\"_ _0\"></span>) divided b<span class=\"_ _0\"></span>y total Capital Emplo<span class=\"_ _4\"></span>yed, (i.e., equity and debt).  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Profit f<span class=\"_ _0\"></span>or the period <span class=\"_ _220\"> </span>60,420 <span class=\"_ _b1\"> </span>22,0<span class=\"_ _4\"></span>79  Income tax <span class=\"_ _a9\"> </span>9,536 <span class=\"_ _204\"> </span>8,434  Net finance cos<span class=\"_ _0\"></span>ts <span class=\"_ _ac\"> </span>36,462 <span class=\"_ _b1\"> </span>28,985  EBIT <span class=\"_ _139\"> </span>106,418 <span class=\"_ _124\"> </span>59,498  Equity <span class=\"_ _b8\"> </span>341,631 <span class=\"_ _d7\"> </span>277<span class=\"_ _4\"></span>,541  Long term debt (incl. Lease liabilities<span class=\"_ _0\"></span>) <span class=\"_ _ff\"> </span>129,393 <span class=\"_ _aa\"> </span>177<span class=\"_ _4\"></span>,020  Short term debt (incl. Lease liabilities<span class=\"_ _0\"></span>) <span class=\"_ _177\"> </span>4<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5,97<span class=\"_ _0\"></span>2 <span class=\"_ _124\"> </span>216,915  Capital employ<span class=\"_ _4\"></span>ed <span class=\"_ _13e\"> </span>946,997 <span class=\"_ _221\"> </span>671,477  ROCE <span class=\"_ _222\"> </span>11.2% <span class=\"_ _bc\"> </span>8.9% ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-305-3": {
   "value": "26. Debt<span class=\"_ _8\"></span> A. Overvie<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current liabilities <span class=\"_ _223\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>3,530 <span class=\"_ _163\"> </span>5,791  Unsecured bank loans <span class=\"_ _1e9\"> </span>-  <span class=\"_ _204\"> </span>5,219  Secured bond issues <span class=\"_ _16b\"> </span>32,427 <span class=\"_ _af\"> </span>35,698  Unsecured bond issues <span class=\"_ _224\"> </span>91,204 <span class=\"_ _12e\"> </span>128,233  Loans and borro<span class=\"_ _0\"></span>wings - Long t<span class=\"_ _0\"></span>erm <span class=\"_ _225\"> </span>127<span class=\"_ _1\"></span>,161 <span class=\"_ _12e\"> </span>17<span class=\"_ _4\"></span>4,941  Lease liabilities - Long term <span class=\"_ _226\"> </span>2,233 <span class=\"_ _122\"> </span>2,080  T<span class=\"_ _1\"></span>otal long term debt <span class=\"_ _227\"> </span>129,393 <span class=\"_ _127\"> </span>177<span class=\"_ _4\"></span>,020<span class=\"ff19\"> </span> Current liabilities <span class=\"_ _138\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>8,454 <span class=\"_ _204\"> </span>5,4<span class=\"_ _0\"></span>70  Fact<span class=\"_ _0\"></span>oring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _15c\"> </span>14,638 <span class=\"_ _228\"> </span>7<span class=\"_ _4\"></span>,931  Unsecured bank loans <span class=\"_ _229\"> </span>367<span class=\"_ _1\"></span>,567 <span class=\"_ _aa\"> </span>170,<span class=\"_ _0\"></span>796  Current portion of secur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _3f\"> </span>4,358 <span class=\"_ _204\"> </span>4,385  Current portion of unsecur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _8a\"> </span>71,809 <span class=\"_ _ec\"> </span>18,326  Current portion of secur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22a\"> </span>2,651 <span class=\"_ _204\"> </span>3,058  Current portion of unsecur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22b\"> </span>5,273 <span class=\"_ _e8\"> </span>5,733  Loans and borro<span class=\"_ _0\"></span>wings - Short term <span class=\"_ _22c\"> </span>47<span class=\"_ _1\"></span>4,7<span class=\"_ _4\"></span>49 <span class=\"_ _127\"> </span>215,699  Lease liabilities - Short term <span class=\"_ _72\"> </span>1,224 <span class=\"_ _bc\"> </span>1,216  T<span class=\"_ _1\"></span>otal Short term debt <span class=\"_ _16d\"> </span>475,9<span class=\"_ _0\"></span>72 <span class=\"_ _12e\"> </span>216,915  T<span class=\"_ _1\"></span>otal Debt <span class=\"_ _1e3\"> </span>605,366 <span class=\"_ _1ed\"> </span>393,935<span class=\"ff19\"> </span>Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate, for<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and liquidity risk is included in Note 30<span class=\"_ _0\"></span>. The maturities of non-curr<span class=\"_ _4\"></span>ent loans are as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _156\"> </span>30,67<span class=\"_ _0\"></span>3 <span class=\"_ _12f\"> </span>78,110  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _22d\"> </span>89,593 <span class=\"_ _10b\"> </span>71,19<span class=\"_ _0\"></span>3  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>9,128 <span class=\"_ _12f\"> </span>27<span class=\"_ _1\"></span>,717  T<span class=\"_ _1\"></span>otal <span class=\"_ _c2\"> </span>129,39<span class=\"_ _0\"></span>3 <span class=\"_ _c0\"> </span>177<span class=\"_ _1\"></span>,020 The eff<span class=\"_ _0\"></span>ective w<span class=\"_ _4\"></span>eighted av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates of the main ca<span class=\"_ _0\"></span>tegories of loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings at the r<span class=\"_ _0\"></span>eporting date are as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:  <span class=\"_ _22e\"> </span>31 December 2022 <span class=\"_ _137\"> </span>31 December 20<span class=\"_ _0\"></span>21<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _1bf\"> </span>Carrying amount <span class=\"_ _57\"> </span>Interes<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate <span class=\"_ _db\"> </span>Carrying amount <span class=\"_ _86\"> </span>Interest r<span class=\"_ _0\"></span>ate<span class=\"_ _8\"></span>  Bank lending (non-current) - EUR <span class=\"_ _ec\"> </span>3,530 <span class=\"_ _41\"> </span>2.9% <span class=\"_ _ec\"> </span>11,<span class=\"_ _0\"></span>010 <span class=\"_ _5b\"> </span>2.8%  Bank lending (curr<span class=\"_ _0\"></span>ent) - EUR <span class=\"_ _d0\"> </span>393,29<span class=\"_ _0\"></span>7 <span class=\"_ _13\"> </span>4.6% <span class=\"_ _1ad\"> </span>190,37<span class=\"_ _0\"></span>5 <span class=\"_ _22f\"> </span>3.4%  Bank lending (curr<span class=\"_ _0\"></span>ent) - GBP <span class=\"_ _230\"> </span>-  <span class=\"_ _127\"> </span>-  <span class=\"_ _1db\"> </span>1 <span class=\"_ _22f\"> </span>3.0%  Bank lending (curr<span class=\"_ _0\"></span>ent) - RON <span class=\"_ _116\"> </span>5,285 <span class=\"_ _f0\"> </span>9.7% <span class=\"_ _cb\"> </span>2,613 <span class=\"_ _5b\"> </span>3.8%  Bond issues - EUR <span class=\"_ _231\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _41\"> </span>4.7% <span class=\"_ _a8\"> </span>186,641 <span class=\"_ _5b\"> </span>3.8%During 2022, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries obtained ne<span class=\"_ _0\"></span>w bank loans amounting to EUR 2<span class=\"_ _4\"></span>45.6 million and paid<span class=\"_ _8\"></span> back loans of EUR 38.5 million maturing within the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. New loans ar<span class=\"_ _0\"></span>e mainly: (a) dr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>wns from e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> re<span class=\"_ _4\"></span>volving credit lines and ne<span class=\"_ _4\"></span>w ones that have similar t<span class=\"_ _0\"></span>erms and conditions; (b<span class=\"_ _4\"></span>) project financing facilities, and (<span class=\"_ _0\"></span>c) four ne<span class=\"_ _0\"></span>w long-term loans, described belo<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>.  Loans and borr<span class=\"_ _0\"></span>owings had an a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate of 4.<span class=\"_ _0\"></span>7% (2021: 3.6%), on the r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>. During 2022, the Gr<span class=\"_ _0\"></span>oup obtained the follo<span class=\"_ _0\"></span>wing long-term loans:  - <span class=\"_ _55\"> </span> the cables segment issued thr<span class=\"_ _0\"></span>ee bond loans of total v<span class=\"_ _0\"></span>alue EUR 27 million as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>ulgor enter<span class=\"_ _0\"></span>ed an agr<span class=\"_ _0\"></span>eement with a Greek bank f<span class=\"_ _0\"></span>or a bond loan of EUR 5 million with an initial 5-y<span class=\"_ _4\"></span>ear term<span class=\"_ _8\"></span> from the dat<span class=\"_ _0\"></span>e of signing. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed an agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 7 million t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er capital e<span class=\"_ _0\"></span>xpenditure needs. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed another agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 15 million to co<span class=\"_ _4\"></span>ver cons<span class=\"_ _0\"></span>tant working capital. - <span class=\"_ _55\"> </span>the steel Pipes segment is<span class=\"_ _0\"></span>sued one bond loan of total v<span class=\"_ _0\"></span>alue EUR 7 million: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks entered an agr<span class=\"_ _0\"></span>eement with a major Gr<span class=\"_ _0\"></span>eek bank for a 7<span class=\"_ _0\"></span>-y<span class=\"_ _4\"></span>ear bond loan of EUR 7 million.<span class=\"_ _8\"></span> All the abov<span class=\"_ _4\"></span>e long term bond loans are fully dr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>wn.  In addition, Fulgor has agreed with a major Gr<span class=\"_ _4\"></span>eek bank for a bond loan of EUR 19 million with an initial 7-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear term from the dat<span class=\"_ _0\"></span>e of signing.  On 31 December 20<span class=\"_ _0\"></span>22, an equal amount was r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y the bank as \u2018bridge financing\u2019 and present<span class=\"_ _0\"></span>ed as short-term loan. T<span class=\"_ _0\"></span>he bond loan agr<span class=\"_ _0\"></span>eement is expect<span class=\"_ _0\"></span>ed to be signed during the firs<span class=\"_ _0\"></span>t months of 2023, upon the conclusion of the r<span class=\"_ _4\"></span>elevant negotiations. Short-term facilities ar<span class=\"_ _4\"></span>e predominately r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>olving credit f<span class=\"_ _0\"></span>acilities, funding w<span class=\"_ _0\"></span>orking capital needs, and project financing facilities for specific ongoing and ne<span class=\"_ _4\"></span>w projects. On 31 December 2022, C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _4\"></span>ent liabilities ex<span class=\"_ _0\"></span>ceeded c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _0\"></span>ent assets b<span class=\"_ _0\"></span>y EUR 85.8 million (31 December 2021: EUR 38.2 million).  Ne<span class=\"_ _4\"></span>vertheless, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ha<span class=\"_ _0\"></span>ve ne<span class=\"_ _4\"></span>ver in the past e<span class=\"_ _0\"></span>xperienced an<span class=\"_ _0\"></span>y issues in financing their activities, r<span class=\"_ _0\"></span>enewing their w<span class=\"_ _4\"></span>orking capital lines or refinancing long-term loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings. Management expects tha<span class=\"_ _0\"></span>t any mandat<span class=\"_ _0\"></span>ory repa<span class=\"_ _0\"></span>yment of banking facilities will be met with operating cash flo<span class=\"_ _4\"></span>ws or from curr<span class=\"_ _0\"></span>ently unutilized and c<span class=\"_ _0\"></span>ommitted cr<span class=\"_ _4\"></span>edit lines.  Regarding the funding of project-based activities, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e secured the necessary funds thr<span class=\"_ _0\"></span>ough pr<span class=\"_ _0\"></span>oject finance f<span class=\"_ _0\"></span>acilities. Mortgages in fa<span class=\"_ _4\"></span>vor of banks hav<span class=\"_ _4\"></span>e been recor<span class=\"_ _0\"></span>ded on propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant and equipment of subsidiaries. The carrying amount of assets mortgaged is EUR 4<span class=\"_ _0\"></span>9 million. In the bank loan agreements of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ther<span class=\"_ _0\"></span>e are clauses of change of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol that pr<span class=\"_ _0\"></span>ovide lenders with an early redemption right. Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>as no breach of c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants incident in 2022 on the loans of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. B. Reconciliation of mo<span class=\"_ _4\"></span>vements of liabilities to cash flo<span class=\"_ _4\"></span>ws arising from financing activities  <span class=\"_ _232\"> </span> <span class=\"_ _d\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _80\"> </span> <span class=\"_ _9c\"> </span> 2021<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _5b\"> </span> <span class=\"_ _172\"> </span>Loans &amp; borro<span class=\"_ _0\"></span>wings Lease <span class=\"_ _9\"> </span>liabilities T<span class=\"_ _1\"></span>otal <span class=\"_ _42\"> </span> Loans &amp; <span class=\"_ _c\"> </span>borrowings Lease liabilities<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _12f\"> </span>390<span class=\"_ _0\"></span>,640 <span class=\"_ _199\"> </span>3,296 <span class=\"_ _e9\"> </span>393,935 <span class=\"_ _44\"> </span>406,217 <span class=\"_ _63\"> </span>5,433 <span class=\"_ _35\"> </span>411,650  Changes from financing cash flo<span class=\"_ _0\"></span>ws:<span class=\"ff21\"> <span class=\"_ _233\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _113\"> </span>  <span class=\"_ _40\"> </span>  <span class=\"_ _194\"> </span> <span class=\"_ _6e\"></span> </span> Proc<span class=\"_ _0\"></span>eeds from ne<span class=\"_ _0\"></span>w borr<span class=\"_ _0\"></span>owings <span class=\"_ _a1\"> </span>2<span class=\"_ _0\"></span>45,631 <span class=\"_ _18a\"> </span>-  <span class=\"_ _193\"> </span><span class=\"ff20\">245,6<span class=\"_ _0\"></span>31<span class=\"ff21\"> <span class=\"_ _19a\"> </span>89,315 <span class=\"_ _1c4\"> </span>-  <span class=\"_ _85\"> </span></span>89,315<span class=\"ff21\"> </span></span> Repayment of borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings <span class=\"_ _234\"> </span>(38,533) <span class=\"_ _3e\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff20\">(38,533)</span> <span class=\"_ _89\"> </span>(108,<span class=\"_ _4\"></span>104) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _4b\"> </span><span class=\"ff20\">(108,<span class=\"_ _0\"></span>104)<span class=\"ff21\"> </span></span> Principal elements of lease payments<span class=\"fc6 sc0\"> </span><span class=\"_ _90\"> </span>-  <span class=\"_ _91\"> </span>(1,299) <span class=\"_ _75\"> </span><span class=\"ff20\">(1,299)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _94\"> </span>(1,7<span class=\"_ _4\"></span>47) <span class=\"_ _e9\"> </span><span class=\"ff20\">(1,7<span class=\"_ _1\"></span>47) </span> T<span class=\"_ _1\"></span>otal changes from financing   cash flow<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span>207<span class=\"_ _1\"></span>,098 <span class=\"_ _5e\"> </span>(1,299) <span class=\"_ _193\"> </span>205,799 <span class=\"_ _f6\"> </span>(18,7<span class=\"_ _0\"></span>89) <span class=\"_ _22\"> </span>(1,7<span class=\"_ _1\"></span>47) <span class=\"_ _29\"> </span>(20,536)  Other changes: <span class=\"_ _11c\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _6\"> </span> <span class=\"_ _8b\"> </span> <span class=\"_ _39\"> </span>   New leases <span class=\"_ _236\"> </span>-  <span class=\"_ _9c\"> </span>1,597 <span class=\"_ _44\"> </span><span class=\"ff20\">1,597</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _34\"> </span>909 <span class=\"_ _34\"> </span><span class=\"ff20\">909</span>  Effect of changes in for<span class=\"_ _0\"></span>eign   ex<span class=\"_ _4\"></span>change rates <span class=\"_ _237\"> </span>145 <span class=\"_ _165\"> </span>25 <span class=\"_ _19a\"> </span><span class=\"ff20 ls1b ws79\">170</span><span class=\"wsb2\"> <span class=\"_ _38\"> </span>(75) 6 <span class=\"_ _238\"></span><span class=\"ff20 ws1\">(70) </span></span> Capitalised borro<span class=\"_ _0\"></span>wing cos<span class=\"_ _0\"></span>ts <span class=\"_ _c0\"> </span>344 <span class=\"_ _3e\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff20\">344</span> <span class=\"_ _88\"> </span>522 <span class=\"_ _e2\"> </span>-  <span class=\"_ _4a\"> </span><span class=\"ff20 ls50 ws69\">522</span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense <span class=\"_ _239\"> </span>19,203 <span class=\"_ _1cd\"> </span>226 <span class=\"_ _1a9\"> </span><span class=\"ff20\">19,429</span><span class=\"wsb3\"> <span class=\"_ _19f\"> </span>16,379 20<span class=\"_ _0\"></span>7 <span class=\"_ _1a5\"></span><span class=\"ff20 ws1\">16,585<span class=\"ff21\"> </span></span></span> Inter<span class=\"_ _0\"></span>est paid <span class=\"_ _23a\"> </span>(15,520) <span class=\"_ _92\"> </span>(226) <span class=\"_ _e9\"> </span>(15,7<span class=\"_ _1\"></span>46)<span class=\"ff21 wsb4\"> <span class=\"_ _b\"> </span>(14,288) (207) <span class=\"_ _23b\"></span><span class=\"ff20 ws1\">(14,495) </span></span> T<span class=\"_ _1\"></span>erminations <span class=\"_ _47\"> </span>-  <span class=\"_ _9c\"> </span>(192) <span class=\"_ _44\"> </span><span class=\"ff20\">(192)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _89\"> </span>(173) <span class=\"_ _3c\"> </span><span class=\"ff20\">(173) </span> Modifications <span class=\"_ _23c\"> </span>-  <span class=\"_ _197\"> </span>31 <span class=\"_ _18d\"> </span><span class=\"ff20\">31</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span><span class=\"ff20\">- <span class=\"_ _1\"></span><span class=\"ff21\"> </span></span> Other mov<span class=\"_ _4\"></span>ement  <span class=\"_ _23d\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span> <span class=\"_ _165\"> </span>(459) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff20\">(459) </span> Reclassifications <span class=\"_ _23e\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span><span class=\"wsb5\"> <span class=\"_ _35\"> </span>1,<span class=\"_ _0\"></span>132 (1,<span class=\"_ _0\"></span>132) <span class=\"_ _7c\"> </span><span class=\"ff20 ws1\">- <span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span> <span class=\"_ _23f\"> </span>4,<span class=\"_ _0\"></span>172 <span class=\"_ _9\"> </span>1,460 <span class=\"_ _c\"> </span>5,632 <span class=\"_ _8b\"> </span>3,212 <span class=\"_ _39\"> </span>(391) 2,821  Balance on 31 December <span class=\"_ _20f\"> </span>601,909 <span class=\"_ _9c\"> </span>3,45<span class=\"_ _0\"></span>7 <span class=\"_ _80\"> </span>605,366 <span class=\"_ _9c\"> </span>390,640 <span class=\"_ _3c\"> </span>3,296 <span class=\"_ _8d\"> </span>393,9<span class=\"_ _0\"></span>35",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-305-4": {
   "value": "26. Debt<span class=\"_ _8\"></span> A. Overvie<span class=\"_ _4\"></span>w<span class=\"_ _8\"></span>  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Non-current liabilities <span class=\"_ _223\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>3,530 <span class=\"_ _163\"> </span>5,791  Unsecured bank loans <span class=\"_ _1e9\"> </span>-  <span class=\"_ _204\"> </span>5,219  Secured bond issues <span class=\"_ _16b\"> </span>32,427 <span class=\"_ _af\"> </span>35,698  Unsecured bond issues <span class=\"_ _224\"> </span>91,204 <span class=\"_ _12e\"> </span>128,233  Loans and borro<span class=\"_ _0\"></span>wings - Long t<span class=\"_ _0\"></span>erm <span class=\"_ _225\"> </span>127<span class=\"_ _1\"></span>,161 <span class=\"_ _12e\"> </span>17<span class=\"_ _4\"></span>4,941  Lease liabilities - Long term <span class=\"_ _226\"> </span>2,233 <span class=\"_ _122\"> </span>2,080  T<span class=\"_ _1\"></span>otal long term debt <span class=\"_ _227\"> </span>129,393 <span class=\"_ _127\"> </span>177<span class=\"_ _4\"></span>,020<span class=\"ff19\"> </span> Current liabilities <span class=\"_ _138\"> </span> <span class=\"_ _137\"> </span>  Secured bank loans <span class=\"_ _161\"> </span>8,454 <span class=\"_ _204\"> </span>5,4<span class=\"_ _0\"></span>70  Fact<span class=\"_ _0\"></span>oring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _15c\"> </span>14,638 <span class=\"_ _228\"> </span>7<span class=\"_ _4\"></span>,931  Unsecured bank loans <span class=\"_ _229\"> </span>367<span class=\"_ _1\"></span>,567 <span class=\"_ _aa\"> </span>170,<span class=\"_ _0\"></span>796  Current portion of secur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _3f\"> </span>4,358 <span class=\"_ _204\"> </span>4,385  Current portion of unsecur<span class=\"_ _0\"></span>ed bond issues <span class=\"_ _8a\"> </span>71,809 <span class=\"_ _ec\"> </span>18,326  Current portion of secur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22a\"> </span>2,651 <span class=\"_ _204\"> </span>3,058  Current portion of unsecur<span class=\"_ _0\"></span>ed bank loans <span class=\"_ _22b\"> </span>5,273 <span class=\"_ _e8\"> </span>5,733  Loans and borro<span class=\"_ _0\"></span>wings - Short term <span class=\"_ _22c\"> </span>47<span class=\"_ _1\"></span>4,7<span class=\"_ _4\"></span>49 <span class=\"_ _127\"> </span>215,699  Lease liabilities - Short term <span class=\"_ _72\"> </span>1,224 <span class=\"_ _bc\"> </span>1,216  T<span class=\"_ _1\"></span>otal Short term debt <span class=\"_ _16d\"> </span>475,9<span class=\"_ _0\"></span>72 <span class=\"_ _12e\"> </span>216,915  T<span class=\"_ _1\"></span>otal Debt <span class=\"_ _1e3\"> </span>605,366 <span class=\"_ _1ed\"> </span>393,935<span class=\"ff19\"> </span>Information about Cener<span class=\"_ _4\"></span>gy Holdings\u2019 exposure t<span class=\"_ _0\"></span>o inter<span class=\"_ _0\"></span>est r<span class=\"_ _4\"></span>ate, for<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and liquidity risk is included in Note 30<span class=\"_ _0\"></span>. The maturities of non-curr<span class=\"_ _4\"></span>ent loans are as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Between 1 and 2 y<span class=\"_ _4\"></span>ears <span class=\"_ _156\"> </span>30,67<span class=\"_ _0\"></span>3 <span class=\"_ _12f\"> </span>78,110  Between 2 and 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _22d\"> </span>89,593 <span class=\"_ _10b\"> </span>71,19<span class=\"_ _0\"></span>3  Over 5 y<span class=\"_ _4\"></span>ears <span class=\"_ _138\"> </span>9,128 <span class=\"_ _12f\"> </span>27<span class=\"_ _1\"></span>,717  T<span class=\"_ _1\"></span>otal <span class=\"_ _c2\"> </span>129,39<span class=\"_ _0\"></span>3 <span class=\"_ _c0\"> </span>177<span class=\"_ _1\"></span>,020 The eff<span class=\"_ _0\"></span>ective w<span class=\"_ _4\"></span>eighted av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates of the main ca<span class=\"_ _0\"></span>tegories of loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings at the r<span class=\"_ _0\"></span>eporting date are as f<span class=\"_ _0\"></span>ollow<span class=\"_ _0\"></span>s:  <span class=\"_ _22e\"> </span>31 December 2022 <span class=\"_ _137\"> </span>31 December 20<span class=\"_ _0\"></span>21<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _1bf\"> </span>Carrying amount <span class=\"_ _57\"> </span>Interes<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ate <span class=\"_ _db\"> </span>Carrying amount <span class=\"_ _86\"> </span>Interest r<span class=\"_ _0\"></span>ate<span class=\"_ _8\"></span>  Bank lending (non-current) - EUR <span class=\"_ _ec\"> </span>3,530 <span class=\"_ _41\"> </span>2.9% <span class=\"_ _ec\"> </span>11,<span class=\"_ _0\"></span>010 <span class=\"_ _5b\"> </span>2.8%  Bank lending (curr<span class=\"_ _0\"></span>ent) - EUR <span class=\"_ _d0\"> </span>393,29<span class=\"_ _0\"></span>7 <span class=\"_ _13\"> </span>4.6% <span class=\"_ _1ad\"> </span>190,37<span class=\"_ _0\"></span>5 <span class=\"_ _22f\"> </span>3.4%  Bank lending (curr<span class=\"_ _0\"></span>ent) - GBP <span class=\"_ _230\"> </span>-  <span class=\"_ _127\"> </span>-  <span class=\"_ _1db\"> </span>1 <span class=\"_ _22f\"> </span>3.0%  Bank lending (curr<span class=\"_ _0\"></span>ent) - RON <span class=\"_ _116\"> </span>5,285 <span class=\"_ _f0\"> </span>9.7% <span class=\"_ _cb\"> </span>2,613 <span class=\"_ _5b\"> </span>3.8%  Bond issues - EUR <span class=\"_ _231\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _41\"> </span>4.7% <span class=\"_ _a8\"> </span>186,641 <span class=\"_ _5b\"> </span>3.8%During 2022, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries obtained ne<span class=\"_ _0\"></span>w bank loans amounting to EUR 2<span class=\"_ _4\"></span>45.6 million and paid<span class=\"_ _8\"></span> back loans of EUR 38.5 million maturing within the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. New loans ar<span class=\"_ _0\"></span>e mainly: (a) dr<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>wns from e<span class=\"_ _4\"></span>xisting<span class=\"_ _8\"></span> re<span class=\"_ _4\"></span>volving credit lines and ne<span class=\"_ _4\"></span>w ones that have similar t<span class=\"_ _0\"></span>erms and conditions; (b<span class=\"_ _4\"></span>) project financing facilities, and (<span class=\"_ _0\"></span>c) four ne<span class=\"_ _0\"></span>w long-term loans, described belo<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>.  Loans and borr<span class=\"_ _0\"></span>owings had an a<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>age effectiv<span class=\"_ _0\"></span>e inter<span class=\"_ _4\"></span>est rate of 4.<span class=\"_ _0\"></span>7% (2021: 3.6%), on the r<span class=\"_ _0\"></span>eporting date<span class=\"_ _0\"></span>. During 2022, the Gr<span class=\"_ _0\"></span>oup obtained the follo<span class=\"_ _0\"></span>wing long-term loans:  - <span class=\"_ _55\"> </span> the cables segment issued thr<span class=\"_ _0\"></span>ee bond loans of total v<span class=\"_ _0\"></span>alue EUR 27 million as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws: \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _0\"></span>ulgor enter<span class=\"_ _0\"></span>ed an agr<span class=\"_ _0\"></span>eement with a Greek bank f<span class=\"_ _0\"></span>or a bond loan of EUR 5 million with an initial 5-y<span class=\"_ _4\"></span>ear term<span class=\"_ _8\"></span> from the dat<span class=\"_ _0\"></span>e of signing. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed an agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 7 million t<span class=\"_ _0\"></span>o co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er capital e<span class=\"_ _0\"></span>xpenditure needs. \u2022 <span class=\"_ _23\"> </span>Hellenic Cables ent<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed another agreement with a major Gr<span class=\"_ _4\"></span>eek bank for a 7-<span class=\"_ _0\"></span>year bond loan of EUR 15 million to co<span class=\"_ _4\"></span>ver cons<span class=\"_ _0\"></span>tant working capital. - <span class=\"_ _55\"> </span>the steel Pipes segment is<span class=\"_ _0\"></span>sued one bond loan of total v<span class=\"_ _0\"></span>alue EUR 7 million: \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks entered an agr<span class=\"_ _0\"></span>eement with a major Gr<span class=\"_ _0\"></span>eek bank for a 7<span class=\"_ _0\"></span>-y<span class=\"_ _4\"></span>ear bond loan of EUR 7 million.<span class=\"_ _8\"></span> All the abov<span class=\"_ _4\"></span>e long term bond loans are fully dr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>wn.  In addition, Fulgor has agreed with a major Gr<span class=\"_ _4\"></span>eek bank for a bond loan of EUR 19 million with an initial 7-<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ear term from the dat<span class=\"_ _0\"></span>e of signing.  On 31 December 20<span class=\"_ _0\"></span>22, an equal amount was r<span class=\"_ _4\"></span>eceived b<span class=\"_ _0\"></span>y the bank as \u2018bridge financing\u2019 and present<span class=\"_ _0\"></span>ed as short-term loan. T<span class=\"_ _0\"></span>he bond loan agr<span class=\"_ _0\"></span>eement is expect<span class=\"_ _0\"></span>ed to be signed during the firs<span class=\"_ _0\"></span>t months of 2023, upon the conclusion of the r<span class=\"_ _4\"></span>elevant negotiations. Short-term facilities ar<span class=\"_ _4\"></span>e predominately r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>olving credit f<span class=\"_ _0\"></span>acilities, funding w<span class=\"_ _0\"></span>orking capital needs, and project financing facilities for specific ongoing and ne<span class=\"_ _4\"></span>w projects. On 31 December 2022, C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _4\"></span>ent liabilities ex<span class=\"_ _0\"></span>ceeded c<span class=\"_ _0\"></span>onsolidated curr<span class=\"_ _0\"></span>ent assets b<span class=\"_ _0\"></span>y EUR 85.8 million (31 December 2021: EUR 38.2 million).  Ne<span class=\"_ _4\"></span>vertheless, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ha<span class=\"_ _0\"></span>ve ne<span class=\"_ _4\"></span>ver in the past e<span class=\"_ _0\"></span>xperienced an<span class=\"_ _0\"></span>y issues in financing their activities, r<span class=\"_ _0\"></span>enewing their w<span class=\"_ _4\"></span>orking capital lines or refinancing long-term loans and borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings. Management expects tha<span class=\"_ _0\"></span>t any mandat<span class=\"_ _0\"></span>ory repa<span class=\"_ _0\"></span>yment of banking facilities will be met with operating cash flo<span class=\"_ _4\"></span>ws or from curr<span class=\"_ _0\"></span>ently unutilized and c<span class=\"_ _0\"></span>ommitted cr<span class=\"_ _4\"></span>edit lines.  Regarding the funding of project-based activities, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e secured the necessary funds thr<span class=\"_ _0\"></span>ough pr<span class=\"_ _0\"></span>oject finance f<span class=\"_ _0\"></span>acilities. Mortgages in fa<span class=\"_ _4\"></span>vor of banks hav<span class=\"_ _4\"></span>e been recor<span class=\"_ _0\"></span>ded on propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant and equipment of subsidiaries. The carrying amount of assets mortgaged is EUR 4<span class=\"_ _0\"></span>9 million. In the bank loan agreements of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies ther<span class=\"_ _0\"></span>e are clauses of change of c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ol that pr<span class=\"_ _0\"></span>ovide lenders with an early redemption right. Ther<span class=\"_ _0\"></span>e w<span class=\"_ _0\"></span>as no breach of c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants incident in 2022 on the loans of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies. B. Reconciliation of mo<span class=\"_ _4\"></span>vements of liabilities to cash flo<span class=\"_ _4\"></span>ws arising from financing activities  <span class=\"_ _232\"> </span> <span class=\"_ _d\"></span>20<span class=\"_ _0\"></span>22 <span class=\"_ _80\"> </span> <span class=\"_ _9c\"> </span> 2021<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _5b\"> </span> <span class=\"_ _172\"> </span>Loans &amp; borro<span class=\"_ _0\"></span>wings Lease <span class=\"_ _9\"> </span>liabilities T<span class=\"_ _1\"></span>otal <span class=\"_ _42\"> </span> Loans &amp; <span class=\"_ _c\"> </span>borrowings Lease liabilities<span class=\"_ _8\"></span> T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _12f\"> </span>390<span class=\"_ _0\"></span>,640 <span class=\"_ _199\"> </span>3,296 <span class=\"_ _e9\"> </span>393,935 <span class=\"_ _44\"> </span>406,217 <span class=\"_ _63\"> </span>5,433 <span class=\"_ _35\"> </span>411,650  Changes from financing cash flo<span class=\"_ _0\"></span>ws:<span class=\"ff21\"> <span class=\"_ _233\"> </span>  <span class=\"_ _1f9\"> </span>  <span class=\"_ _e7\"> </span>  <span class=\"_ _113\"> </span>  <span class=\"_ _40\"> </span>  <span class=\"_ _194\"> </span> <span class=\"_ _6e\"></span> </span> Proc<span class=\"_ _0\"></span>eeds from ne<span class=\"_ _0\"></span>w borr<span class=\"_ _0\"></span>owings <span class=\"_ _a1\"> </span>2<span class=\"_ _0\"></span>45,631 <span class=\"_ _18a\"> </span>-  <span class=\"_ _193\"> </span><span class=\"ff20\">245,6<span class=\"_ _0\"></span>31<span class=\"ff21\"> <span class=\"_ _19a\"> </span>89,315 <span class=\"_ _1c4\"> </span>-  <span class=\"_ _85\"> </span></span>89,315<span class=\"ff21\"> </span></span> Repayment of borr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>wings <span class=\"_ _234\"> </span>(38,533) <span class=\"_ _3e\"> </span>-  <span class=\"_ _9f\"> </span><span class=\"ff20\">(38,533)</span> <span class=\"_ _89\"> </span>(108,<span class=\"_ _4\"></span>104) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _4b\"> </span><span class=\"ff20\">(108,<span class=\"_ _0\"></span>104)<span class=\"ff21\"> </span></span> Principal elements of lease payments<span class=\"fc6 sc0\"> </span><span class=\"_ _90\"> </span>-  <span class=\"_ _91\"> </span>(1,299) <span class=\"_ _75\"> </span><span class=\"ff20\">(1,299)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _94\"> </span>(1,7<span class=\"_ _4\"></span>47) <span class=\"_ _e9\"> </span><span class=\"ff20\">(1,7<span class=\"_ _1\"></span>47) </span> T<span class=\"_ _1\"></span>otal changes from financing   cash flow<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span>207<span class=\"_ _1\"></span>,098 <span class=\"_ _5e\"> </span>(1,299) <span class=\"_ _193\"> </span>205,799 <span class=\"_ _f6\"> </span>(18,7<span class=\"_ _0\"></span>89) <span class=\"_ _22\"> </span>(1,7<span class=\"_ _1\"></span>47) <span class=\"_ _29\"> </span>(20,536)  Other changes: <span class=\"_ _11c\"> </span> <span class=\"_ _7\"> </span> <span class=\"_ _6\"> </span> <span class=\"_ _8b\"> </span> <span class=\"_ _39\"> </span>   New leases <span class=\"_ _236\"> </span>-  <span class=\"_ _9c\"> </span>1,597 <span class=\"_ _44\"> </span><span class=\"ff20\">1,597</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _34\"> </span>909 <span class=\"_ _34\"> </span><span class=\"ff20\">909</span>  Effect of changes in for<span class=\"_ _0\"></span>eign   ex<span class=\"_ _4\"></span>change rates <span class=\"_ _237\"> </span>145 <span class=\"_ _165\"> </span>25 <span class=\"_ _19a\"> </span><span class=\"ff20 ls1b ws79\">170</span><span class=\"wsb2\"> <span class=\"_ _38\"> </span>(75) 6 <span class=\"_ _238\"></span><span class=\"ff20 ws1\">(70) </span></span> Capitalised borro<span class=\"_ _0\"></span>wing cos<span class=\"_ _0\"></span>ts <span class=\"_ _c0\"> </span>344 <span class=\"_ _3e\"> </span>-  <span class=\"_ _f3\"> </span><span class=\"ff20\">344</span> <span class=\"_ _88\"> </span>522 <span class=\"_ _e2\"> </span>-  <span class=\"_ _4a\"> </span><span class=\"ff20 ls50 ws69\">522</span>  Inter<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>xpense <span class=\"_ _239\"> </span>19,203 <span class=\"_ _1cd\"> </span>226 <span class=\"_ _1a9\"> </span><span class=\"ff20\">19,429</span><span class=\"wsb3\"> <span class=\"_ _19f\"> </span>16,379 20<span class=\"_ _0\"></span>7 <span class=\"_ _1a5\"></span><span class=\"ff20 ws1\">16,585<span class=\"ff21\"> </span></span></span> Inter<span class=\"_ _0\"></span>est paid <span class=\"_ _23a\"> </span>(15,520) <span class=\"_ _92\"> </span>(226) <span class=\"_ _e9\"> </span>(15,7<span class=\"_ _1\"></span>46)<span class=\"ff21 wsb4\"> <span class=\"_ _b\"> </span>(14,288) (207) <span class=\"_ _23b\"></span><span class=\"ff20 ws1\">(14,495) </span></span> T<span class=\"_ _1\"></span>erminations <span class=\"_ _47\"> </span>-  <span class=\"_ _9c\"> </span>(192) <span class=\"_ _44\"> </span><span class=\"ff20\">(192)</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _89\"> </span>(173) <span class=\"_ _3c\"> </span><span class=\"ff20\">(173) </span> Modifications <span class=\"_ _23c\"> </span>-  <span class=\"_ _197\"> </span>31 <span class=\"_ _18d\"> </span><span class=\"ff20\">31</span> <span class=\"_ _3d\"> </span>-  <span class=\"_ _fb\"> </span>-  <span class=\"_ _197\"> </span><span class=\"ff20\">- <span class=\"_ _1\"></span><span class=\"ff21\"> </span></span> Other mov<span class=\"_ _4\"></span>ement  <span class=\"_ _23d\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span> <span class=\"_ _165\"> </span>(459) <span class=\"_ _1c4\"> </span>-  <span class=\"_ _94\"> </span><span class=\"ff20\">(459) </span> Reclassifications <span class=\"_ _23e\"> </span>- <span class=\"_ _3e\"> </span>- <span class=\"_ _1f9\"> </span><span class=\"ff20\">-</span><span class=\"wsb5\"> <span class=\"_ _35\"> </span>1,<span class=\"_ _0\"></span>132 (1,<span class=\"_ _0\"></span>132) <span class=\"_ _7c\"> </span><span class=\"ff20 ws1\">- <span class=\"_ _2\"></span><span class=\"ff21\"> </span></span></span> <span class=\"_ _23f\"> </span>4,<span class=\"_ _0\"></span>172 <span class=\"_ _9\"> </span>1,460 <span class=\"_ _c\"> </span>5,632 <span class=\"_ _8b\"> </span>3,212 <span class=\"_ _39\"> </span>(391) 2,821  Balance on 31 December <span class=\"_ _20f\"> </span>601,909 <span class=\"_ _9c\"> </span>3,45<span class=\"_ _0\"></span>7 <span class=\"_ _80\"> </span>605,366 <span class=\"_ _9c\"> </span>390,640 <span class=\"_ _3c\"> </span>3,296 <span class=\"_ _8d\"> </span>393,9<span class=\"_ _0\"></span>35C. Financial risk management  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit, liquidity and mark<span class=\"_ _0\"></span>et risk due to the use of its financial instruments. This Not<span class=\"_ _0\"></span>e sets forth inf<span class=\"_ _0\"></span>ormation on their e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o each one of the abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e risks, their objectiv<span class=\"_ _0\"></span>es, the policies and proc<span class=\"_ _0\"></span>edur<span class=\"_ _0\"></span>es applied to risk measur<span class=\"_ _0\"></span>ement and management and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Capital Management (Note 25). Risk management policies are applied t<span class=\"_ _0\"></span>o identify and analyse the risks f<span class=\"_ _0\"></span>acing Cener<span class=\"_ _0\"></span>gy Holdings and its companies, set risk-taking limits and apply r<span class=\"_ _4\"></span>elevant c<span class=\"_ _0\"></span>ontrol s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tems. T<span class=\"_ _0\"></span>he risk management policies and r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant syst<span class=\"_ _0\"></span>ems are ex<span class=\"_ _0\"></span>amined fr<span class=\"_ _0\"></span>om time to time so as t<span class=\"_ _0\"></span>o take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any changes in the mark<span class=\"_ _0\"></span>et and the companies\u2019 activities. The implementation of risk management policies and pr<span class=\"_ _4\"></span>ocedures is monitor<span class=\"_ _4\"></span>ed by the Internal Audit Function, which performs r<span class=\"_ _0\"></span>ecurring and non-recurring audits while the r<span class=\"_ _4\"></span>esults of such audits are notified to the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors. Exposure to liquidity risk Financial liabilities and derivativ<span class=\"_ _4\"></span>es based on contractual maturity ar<span class=\"_ _4\"></span>e broken do<span class=\"_ _4\"></span>wn as follows:  31/12/2022 <span class=\"_ _1ab\"> </span>C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  <span class=\"_ _175\"> </span> Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _64\"> </span>402,<span class=\"_ _4\"></span>112 402,691 <span class=\"_ _dc\"> </span>531 <span class=\"_ _4f\"> </span>956 <span class=\"_ _51\"> </span>26 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">404,204<span class=\"ff19 ls5 ws1\"> </span></span> Bond issues <span class=\"_ _25c\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _1cf\"> </span>80,891 <span class=\"_ _2c\"> </span>32,778 <span class=\"_ _b\"> </span>93,610 9,487 <span class=\"_ _1a\"></span><span class=\"ff1a ws6a\">216,766<span class=\"ff19 ls5 ws1\"> </span></span> Lease liabilities <span class=\"_ _25d\"> </span><span class=\"ff1a ws6a\">3,457</span> <span class=\"_ _b\"> </span>1,625 <span class=\"_ _7\"> </span>796 1,<span class=\"_ _0\"></span>126 <span class=\"_ _54\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,54<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _198\"> </span><span class=\"ff1a lsff wsc3\">10,79<span class=\"_ _8\"></span>0</span> 10,790 <span class=\"_ _5d\"> </span>- <span class=\"_ _5f\"> </span>- <span class=\"_ _2b\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a lsff wsc3\">1<span class=\"_ _8\"></span>0,790<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _ec\"> </span>541,<span class=\"_ _0\"></span>181 541,<span class=\"_ _4\"></span>181 <span class=\"_ _5d\"> </span>- <span class=\"_ _76\"> </span>- <span class=\"_ _2c\"> </span>- <span class=\"_ _238\"></span><span class=\"ff1a ws6a\">541,<span class=\"_ _0\"></span>181<span class=\"ff19 ls5 ws1\"> </span></span>  <span class=\"_ _232\"> </span>1,15<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,337 <span class=\"_ _89\"> </span>1,<span class=\"_ _0\"></span>037<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>178 <span class=\"_ _f6\"> </span>34,104 <span class=\"_ _db\"> </span>95,693 <span class=\"_ _3c\"> </span>9,512 <span class=\"_ _5d\"> </span>1,<span class=\"_ _0\"></span>176,48731/12/2021 <span class=\"_ _25e\"> </span>Contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span> <span class=\"_ _175\"> </span>Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _78\"> </span><span class=\"ff1a ws6a\">203,998</span><span class=\"wsc6\"> <span class=\"_ _5\"> </span>197<span class=\"_ _1\"></span>,271 <span class=\"_ _39\"> </span>9,057 3,269 <span class=\"_ _d\"></span>128 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">209,725<span class=\"ff19 ls5 ws1\"> </span></span></span> Bond issues <span class=\"_ _126\"> </span><span class=\"ff1a ws6a\">186,641</span><span class=\"wsc7\"> <span class=\"_ _4b\"> </span>28,065 <span class=\"_ _4f\"> </span>75,683 <span class=\"_ _6\"> </span>76,230 28,413 <span class=\"_ _32\"></span><span class=\"ff1a ws6a\">208,391<span class=\"ff19 ls5 ws1\"> </span></span></span> Lease liabilities <span class=\"_ _25f\"> </span><span class=\"ff1a ws6a\">3,296</span><span class=\"wsc8\"> <span class=\"_ _19f\"> </span>1,665 1,046 <span class=\"_ _38\"> </span>756 <span class=\"_ _4d\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,467<span class=\"ff19 ls5 ws1\"> </span></span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _185\"> </span><span class=\"ff1a ws6a\">2,596</span><span class=\"wsc9\"> 2,596 <span class=\"_ _9b\"> </span>- <span class=\"_ _4b\"> </span>- <span class=\"_ _c\"> </span>- <span class=\"_ _1a6\"></span><span class=\"ff1a ws6a\">2,596<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _af\"> </span>417<span class=\"_ _4\"></span>,557<span class=\"ff19 wsca\"> 4<span class=\"_ _0\"></span>17<span class=\"_ _4\"></span>,557 <span class=\"_ _78\"> </span>- <span class=\"_ _5d\"> </span>- <span class=\"_ _23\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a ws6a\">417<span class=\"_ _1\"></span>,557<span class=\"ff19 ls5 ws1\"> </span></span></span>  <span class=\"_ _144\"> </span>814,089 <span class=\"_ _1fa\"> </span>647<span class=\"_ _1\"></span>,154 <span class=\"_ _f6\"> </span>85,785 <span class=\"_ _db\"> </span>80,256 <span class=\"_ _e9\"> </span>28,542 <span class=\"_ _80\"> </span>84<span class=\"_ _0\"></span>1,7<span class=\"_ _0\"></span>36C.4. Risk of macroeconomic and financial en<span class=\"_ _4\"></span>vironment<span class=\"_ _8\"></span>  Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries follo<span class=\"_ _0\"></span>w closely and on a continuous basis the de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopments in the interna<span class=\"_ _0\"></span>tional and domestic envir<span class=\"_ _4\"></span>onment and timely adapt their business strat<span class=\"_ _0\"></span>egy and risk management policies to minimiz<span class=\"_ _0\"></span>e the impact of the macroec<span class=\"_ _0\"></span>onomic conditions on their oper<span class=\"_ _0\"></span>ations. Impact of Ukraine c<span class=\"_ _0\"></span>onflictThe Ukr<span class=\"_ _0\"></span>aine conflict s<span class=\"_ _0\"></span>tarted in F<span class=\"_ _0\"></span>ebruary 2022 and caused mark<span class=\"_ _0\"></span>et v<span class=\"_ _0\"></span>olatility as it incr<span class=\"_ _0\"></span>eased the pr<span class=\"_ _0\"></span>obability of disruptions in many parts of the global econom<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>.  Though its impact on Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries cannot be fully predict<span class=\"_ _0\"></span>ed right no<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>, the ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>all e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o Ukr<span class=\"_ _0\"></span>aine and Russia is v<span class=\"_ _0\"></span>ery limited and busines<span class=\"_ _0\"></span>s consequences wer<span class=\"_ _4\"></span>e not material so far<span class=\"_ _4\"></span>, while the same is expect<span class=\"_ _0\"></span>ed for the f<span class=\"_ _0\"></span>oreseeable futur<span class=\"_ _4\"></span>e. Sales to these markets r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent an insignificant portion of total turno<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er (<span class=\"_ _0\"></span>ca. 0.5% f<span class=\"_ _0\"></span>or 2022) and an<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>venue loss will be fully offset b<span class=\"_ _0\"></span>y demand in other markets. All r<span class=\"_ _4\"></span>evenues fr<span class=\"_ _4\"></span>om those markets concern c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed befor<span class=\"_ _0\"></span>e 2022, since no sales agr<span class=\"_ _4\"></span>eement<span class=\"_ _8\"></span> was signed with clients locat<span class=\"_ _0\"></span>ed in those countries during 20<span class=\"_ _0\"></span>22. Furthermore<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en actions to shift the supply of r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>w materials pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously sourc<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om Russia to alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets and mitigate an<span class=\"_ _0\"></span>y potential disruption in their supply chain. As f<span class=\"_ _0\"></span>or financing, companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e no exposur<span class=\"_ _4\"></span>e to Russian banks. Finally<span class=\"_ _4\"></span>, in the energy fr<span class=\"_ _4\"></span>ont, the Ukraine conflict acc<span class=\"_ _0\"></span>eler<span class=\"_ _0\"></span>ated pric<span class=\"_ _0\"></span>e inflation and companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e alr<span class=\"_ _0\"></span>eady taken mitigating actions to r<span class=\"_ _0\"></span>educe an<span class=\"_ _0\"></span>y business impact r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to ener<span class=\"_ _0\"></span>gy cos<span class=\"_ _0\"></span>t.  The<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e monitoring the situation closely and will modify their approach when and as r<span class=\"_ _4\"></span>equired to secur<span class=\"_ _0\"></span>e opera<span class=\"_ _0\"></span>tional efficiency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> C.5. Risks relat<span class=\"_ _0\"></span>ed to climat<span class=\"_ _0\"></span>e changeCener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries rec<span class=\"_ _0\"></span>ognize the importanc<span class=\"_ _0\"></span>e of tr<span class=\"_ _0\"></span>ansparency r<span class=\"_ _4\"></span>egarding climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities to maintain trust of s<span class=\"_ _0\"></span>takeholders and allo<span class=\"_ _4\"></span>w inves<span class=\"_ _0\"></span>tors to bet<span class=\"_ _0\"></span>ter understand the pot<span class=\"_ _0\"></span>ential impact transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities emana<span class=\"_ _0\"></span>ting from climat<span class=\"_ _0\"></span>e change. T<span class=\"_ _2\"></span>o that end, Cenergy Holdings has pledged to asses<span class=\"_ _0\"></span>s the potential se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erity of the risks and the possible benefits of the opportunities with the aim to tak<span class=\"_ _0\"></span>e all neces<span class=\"_ _0\"></span>sary measures t<span class=\"_ _0\"></span>o mitigate nega<span class=\"_ _0\"></span>tive impacts and maximiz<span class=\"_ _0\"></span>e the positiv<span class=\"_ _0\"></span>e ones, and to adopt the T<span class=\"_ _1\"></span>ask For<span class=\"_ _4\"></span>ce on Climate-rela<span class=\"_ _0\"></span>ted Financial Disclosur<span class=\"_ _0\"></span>es (T<span class=\"_ _4\"></span>CFD) fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ansparently c<span class=\"_ _0\"></span>ommunicate all clima<span class=\"_ _0\"></span>te-relat<span class=\"_ _0\"></span>ed risks and opportunities. F<span class=\"_ _0\"></span>or this purpose, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries performed an as<span class=\"_ _0\"></span>sessment of climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities that co<span class=\"_ _4\"></span>vered all indus<span class=\"_ _0\"></span>trial and real es<span class=\"_ _0\"></span>tate as<span class=\"_ _0\"></span>sets. The detailed r<span class=\"_ _0\"></span>esults of this assessment ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eported at segmental le<span class=\"_ _4\"></span>vel in the Non-Financial Disclosure<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ompanying the Annual Report.Moving t<span class=\"_ _0\"></span>o a lo<span class=\"_ _0\"></span>w-carbon econom<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>equires c<span class=\"_ _0\"></span>ertain measur<span class=\"_ _0\"></span>es to be c<span class=\"_ _0\"></span>onsidered and implement<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>hrough the analysis, f<span class=\"_ _0\"></span>or each business segment, the most mat<span class=\"_ _0\"></span>erial climate r<span class=\"_ _4\"></span>elated transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities ov<span class=\"_ _4\"></span>er the short, medium and long-term, hav<span class=\"_ _0\"></span>e been identified. T<span class=\"_ _0\"></span>he transition risks as<span class=\"_ _0\"></span>sessed r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o policy<span class=\"_ _1\"></span>, legal,<span class=\"_ _8\"></span> technology and mark<span class=\"_ _0\"></span>et changes to addr<span class=\"_ _0\"></span>ess climat<span class=\"_ _0\"></span>e change mitigation and adaptation. Polic<span class=\"_ _0\"></span>y actions around climat<span class=\"_ _0\"></span>e change continue to e<span class=\"_ _4\"></span>volv<span class=\"_ _0\"></span>e, technological impr<span class=\"_ _4\"></span>ov<span class=\"_ _0\"></span>ements or innov<span class=\"_ _4\"></span>ations that support the transition to a lo<span class=\"_ _4\"></span>wer-carbon and energy efficient ec<span class=\"_ _0\"></span>onomic sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em can hav<span class=\"_ _4\"></span>e a significant impact on organizations, while significant changes in market such as decr<span class=\"_ _4\"></span>ease in demand for specific goods or services or decreased r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enues rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o changes in customer beha<span class=\"_ _0\"></span>vior ar<span class=\"_ _0\"></span>e some e<span class=\"_ _0\"></span>xamples of the implications that can impact the oper<span class=\"_ _4\"></span>ating model and the financial<span class=\"_ _8\"></span> planning of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries. On the other hand, extr<span class=\"_ _4\"></span>eme weather ev<span class=\"_ _4\"></span>ents and longer-term shifts in climate patt<span class=\"_ _0\"></span>erns such as limited w<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er av<span class=\"_ _4\"></span>ailability and extreme hea<span class=\"_ _0\"></span>t or sea lev<span class=\"_ _4\"></span>el rise may hav<span class=\"_ _0\"></span>e multiple impacts and possible financial implications for C<span class=\"_ _0\"></span>energy Holdings Gr<span class=\"_ _4\"></span>oup.The abo<span class=\"_ _4\"></span>vementioned risks and opportunities hav<span class=\"_ _4\"></span>e been identified and classified on a scale of low<span class=\"_ _4\"></span>, medium, and<span class=\"_ _8\"></span> high, based on the actual and potential impacts on the Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries business model, assets and<span class=\"_ _8\"></span> operations, as w<span class=\"_ _4\"></span>ell as financial impacts on the business performance. T<span class=\"_ _0\"></span>he financial impacts hav<span class=\"_ _4\"></span>e being considered to the acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es to the e<span class=\"_ _4\"></span>xtent that they can be curr<span class=\"_ _0\"></span>ently e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>ted. Mor<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _4\"></span>, challenges associated with climate r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed commitments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been consider<span class=\"_ _0\"></span>ed, and Viohalc<span class=\"_ _0\"></span>o companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not identified any additional issues that ma<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e a material effect on their financial stat<span class=\"_ _0\"></span>ements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-320-3": {
   "value": "27<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rade and other pa<span class=\"_ _0\"></span>yables  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Suppliers <span class=\"_ _1d8\"> </span> <span class=\"_ _12e\"> </span>282,855 <span class=\"_ _122\"> </span>169,388  Notes pay<span class=\"_ _4\"></span>able <span class=\"_ _240\"> </span> <span class=\"_ _1d4\"> </span>216,958 <span class=\"_ _cb\"> </span>214,722  Social security contributions <span class=\"_ _1b9\"> </span>11 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _147\"> </span>2,366  Amounts due to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _f\"> </span>35 <span class=\"_ _c9\"> </span>11,578 <span class=\"_ _102\"> </span>12,525  Sundry credit<span class=\"_ _0\"></span>ors <span class=\"_ _3f\"> </span> <span class=\"_ _111\"> </span>4,059 <span class=\"_ _d0\"> </span>2,932  Ac<span class=\"_ _0\"></span>crued expenses <span class=\"_ _241\"> </span> <span class=\"_ _c7\"> </span>25,731 <span class=\"_ _228\"> </span>17<span class=\"_ _4\"></span>,990  Other taxes <span class=\"_ _1aa\"> </span> <span class=\"_ _11f\"> </span>4,611 <span class=\"_ _11f\"> </span>2,699  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _221\"> </span>549,283 <span class=\"_ _ad\"> </span>422,622 The caption \u2018not<span class=\"_ _0\"></span>es pay<span class=\"_ _0\"></span>ables\u2019 in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e conc<span class=\"_ _0\"></span>erns structur<span class=\"_ _0\"></span>ed pay<span class=\"_ _4\"></span>able arrangements relat<span class=\"_ _0\"></span>ed to pur<span class=\"_ _4\"></span>chases of<span class=\"_ _8\"></span> primary ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials, such as copper<span class=\"_ _1\"></span>, steel etc. whose pa<span class=\"_ _0\"></span>yment periods can be longer than usual for such supplies ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-320-4": {
   "value": "27<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rade and other pa<span class=\"_ _0\"></span>yables  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Suppliers <span class=\"_ _1d8\"> </span> <span class=\"_ _12e\"> </span>282,855 <span class=\"_ _122\"> </span>169,388  Notes pay<span class=\"_ _4\"></span>able <span class=\"_ _240\"> </span> <span class=\"_ _1d4\"> </span>216,958 <span class=\"_ _cb\"> </span>214,722  Social security contributions <span class=\"_ _1b9\"> </span>11 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _147\"> </span>2,366  Amounts due to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _f\"> </span>35 <span class=\"_ _c9\"> </span>11,578 <span class=\"_ _102\"> </span>12,525  Sundry credit<span class=\"_ _0\"></span>ors <span class=\"_ _3f\"> </span> <span class=\"_ _111\"> </span>4,059 <span class=\"_ _d0\"> </span>2,932  Ac<span class=\"_ _0\"></span>crued expenses <span class=\"_ _241\"> </span> <span class=\"_ _c7\"> </span>25,731 <span class=\"_ _228\"> </span>17<span class=\"_ _4\"></span>,990  Other taxes <span class=\"_ _1aa\"> </span> <span class=\"_ _11f\"> </span>4,611 <span class=\"_ _11f\"> </span>2,699  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _221\"> </span>549,283 <span class=\"_ _ad\"> </span>422,622 The caption \u2018not<span class=\"_ _0\"></span>es pay<span class=\"_ _0\"></span>ables\u2019 in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e conc<span class=\"_ _0\"></span>erns structur<span class=\"_ _0\"></span>ed pay<span class=\"_ _4\"></span>able arrangements relat<span class=\"_ _0\"></span>ed to pur<span class=\"_ _4\"></span>chases of<span class=\"_ _8\"></span> primary ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials, such as copper<span class=\"_ _1\"></span>, steel etc. whose pa<span class=\"_ _0\"></span>yment periods can be longer than usual for such supplies ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-320-5": {
   "value": "27<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rade and other pa<span class=\"_ _0\"></span>yables  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Suppliers <span class=\"_ _1d8\"> </span> <span class=\"_ _12e\"> </span>282,855 <span class=\"_ _122\"> </span>169,388  Notes pay<span class=\"_ _4\"></span>able <span class=\"_ _240\"> </span> <span class=\"_ _1d4\"> </span>216,958 <span class=\"_ _cb\"> </span>214,722  Social security contributions <span class=\"_ _1b9\"> </span>11 <span class=\"_ _102\"> </span>3,491 <span class=\"_ _147\"> </span>2,366  Amounts due to r<span class=\"_ _0\"></span>elated parties <span class=\"_ _f\"> </span>35 <span class=\"_ _c9\"> </span>11,578 <span class=\"_ _102\"> </span>12,525  Sundry credit<span class=\"_ _0\"></span>ors <span class=\"_ _3f\"> </span> <span class=\"_ _111\"> </span>4,059 <span class=\"_ _d0\"> </span>2,932  Ac<span class=\"_ _0\"></span>crued expenses <span class=\"_ _241\"> </span> <span class=\"_ _c7\"> </span>25,731 <span class=\"_ _228\"> </span>17<span class=\"_ _4\"></span>,990  Other taxes <span class=\"_ _1aa\"> </span> <span class=\"_ _11f\"> </span>4,611 <span class=\"_ _11f\"> </span>2,699  T<span class=\"_ _1\"></span>otal <span class=\"_ _1b7\"> </span> <span class=\"_ _221\"> </span>549,283 <span class=\"_ _ad\"> </span>422,622 The caption \u2018not<span class=\"_ _0\"></span>es pay<span class=\"_ _0\"></span>ables\u2019 in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e conc<span class=\"_ _0\"></span>erns structur<span class=\"_ _0\"></span>ed pay<span class=\"_ _4\"></span>able arrangements relat<span class=\"_ _0\"></span>ed to pur<span class=\"_ _4\"></span>chases of<span class=\"_ _8\"></span> primary ra<span class=\"_ _0\"></span>w mat<span class=\"_ _0\"></span>erials, such as copper<span class=\"_ _1\"></span>, steel etc. whose pa<span class=\"_ _0\"></span>yment periods can be longer than usual for such supplies ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-321-2": {
   "value": "28.<span class=\"_\"> </span>Gr<span class=\"_ _0\"></span>ants Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _102\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  Balance on 1 January <span class=\"_ _157\"> </span>15,804 <span class=\"_ _163\"> </span>16,48<span class=\"_ _0\"></span>7  New gr<span class=\"_ _0\"></span>ants r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed during the y<span class=\"_ _0\"></span>ear <span class=\"_ _242\"> </span>871 <span class=\"_ _121\"> </span>42  New gr<span class=\"_ _0\"></span>ants for which r<span class=\"_ _0\"></span>eceipt is pending <span class=\"_ _82\"> </span>119 <span class=\"_ _10a\"> </span>-  Amortisation of grants <span class=\"_ _243\"> </span>8.A<span class=\"_ _163\"> </span>(1,17<span class=\"_ _1\"></span>4) <span class=\"_ _10e\"> </span>(728)  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _fc\"> </span>27 <span class=\"_ _10c\"> </span>3  Balance on 31 December <span class=\"_ _244\"> </span>15,648 <span class=\"_ _c9\"> </span>15,804 Gov<span class=\"_ _4\"></span>ernment grants hav<span class=\"_ _4\"></span>e been receiv<span class=\"_ _0\"></span>ed mainly for in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estments in pr<span class=\"_ _0\"></span>operty<span class=\"_ _1\"></span>, plant and equipment.<span class=\"_ _8\"></span>  All conditions attached t<span class=\"_ _0\"></span>o the gr<span class=\"_ _0\"></span>ants rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y Cener<span class=\"_ _0\"></span>gy Holdings wer<span class=\"_ _4\"></span>e met on 31 December 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-322-3": {
   "value": "29.<span class=\"_\"> </span>Pro<span class=\"_ _0\"></span>visions Amounts in EUR thousand <span class=\"_ _101\"> </span>Note <span class=\"_ _ce\"> </span>2022 <span class=\"_ _1da\"> </span>2021  Balance on 1 January <span class=\"_ _158\"> </span>13,410 <span class=\"_ _10a\"> </span>-  Charge f<span class=\"_ _0\"></span>or the year <span class=\"_ _7b\"> </span>8.B<span class=\"_ _104\"> </span>665 <span class=\"_ _16c\"> </span>12,842  Effect of mo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ement in ex<span class=\"_ _4\"></span>change rates <span class=\"_ _240\"> </span>821 <span class=\"_ _1db\"> </span>568  Balance on 31 December <span class=\"_ _244\"> </span>14,897 <span class=\"_ _16c\"> </span>13,410 During 2022, the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) published its final r<span class=\"_ _4\"></span>esults in the administrativ<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>oceedings conducted b<span class=\"_ _4\"></span>y the DoC for the period from April 19, 2019 thr<span class=\"_ _4\"></span>ough April 30, 2020 (\u201cPOR\u201d) in connection with an antidumping (\u201c<span class=\"_ _1\"></span>AD\u201d) order on large diamet<span class=\"_ _0\"></span>er w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) from Gr<span class=\"_ _4\"></span>eece. As a result, the DoC det<span class=\"_ _0\"></span>ermined for the POR an antidumping duty r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 41.<span class=\"_ _0\"></span>04 per<span class=\"_ _0\"></span>cent based on total adv<span class=\"_ _4\"></span>erse facts av<span class=\"_ _0\"></span>ailable (AF<span class=\"_ _1\"></span>A) for mandatory respondent C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A., Cenergy Holdings\u2019 st<span class=\"_ _0\"></span>eel pipes segment. Corinth Pipe<span class=\"_ _0\"></span>works filed an appeal befor<span class=\"_ _0\"></span>e the U.S. Court of Int<span class=\"_ _0\"></span>ernational T<span class=\"_ _1\"></span>rade agains<span class=\"_ _0\"></span>t the decision of the DoC while continuing to activ<span class=\"_ _4\"></span>ely work with the DoC in order t<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ev<span class=\"_ _4\"></span>erse the final determination. The one-off char<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o the abo<span class=\"_ _0\"></span>ve mentioned case amounts to EUR 12.8 million (USD 14 million plus inter<span class=\"_ _4\"></span>est) for the year 20<span class=\"_ _0\"></span>21.  \u03a4he charge f<span class=\"_ _0\"></span>or 2022 r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>es to int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t charged on the outs<span class=\"_ _0\"></span>tanding amount for the y<span class=\"_ _0\"></span>ear and is included in the line \u2018Finance c<span class=\"_ _0\"></span>osts\u2019. 34. Contingent liabilities A. Litigations &amp; administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>views Regar<span class=\"_ _0\"></span>ding Corinth Pipe<span class=\"_ _0\"></span>works\u2019 e<span class=\"_ _4\"></span>xports of large diameter w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) to the US f<span class=\"_ _0\"></span>or the periods April 2020 - April 2021 and April 2021 - April 2022, additionaladminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>ere<span class=\"_ _4\"></span>views fr<span class=\"_ _0\"></span>om the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) are e<span class=\"_ _4\"></span>xpected. \u039do pro<span class=\"_ _0\"></span>vision has been r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in r<span class=\"_ _0\"></span>espect to these administr<span class=\"_ _4\"></span>ativer<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws due to the follo<span class=\"_ _0\"></span>wing facts:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2020 - April 2021 there w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e no sales to the US subject to antidumping duties; thus, no additional chargeis e<span class=\"_ _4\"></span>xpected for that period.  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2021 - April 2022 sales to the US subject to antidumping duties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e not material. T<span class=\"_ _0\"></span>he outcome of such adminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>view is consider<span class=\"_ _0\"></span>ed as highly v<span class=\"_ _0\"></span>olatile and har<span class=\"_ _0\"></span>d to pr<span class=\"_ _0\"></span>edict, thus the amount of any arising liability cannot be r<span class=\"_ _0\"></span>easonably estimat<span class=\"_ _0\"></span>ed. B. Contingent tax liabilities The tax filings of the subsidiaries ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>outinely subjected t<span class=\"_ _0\"></span>o audit by the tax authorities in mos<span class=\"_ _0\"></span>t of the jurisdictions in which Cener<span class=\"_ _0\"></span>gy Holdings conduct business. T<span class=\"_ _0\"></span>hese audits ma<span class=\"_ _0\"></span>y result in as<span class=\"_ _0\"></span>sessments of additional tax<span class=\"_ _0\"></span>es. Cener<span class=\"_ _4\"></span>gy<span class=\"_ _8\"></span> Holdings pro<span class=\"_ _4\"></span>vide for additional tax in relation t<span class=\"_ _0\"></span>o the outcome of such tax as<span class=\"_ _0\"></span>sessments at the amount e<span class=\"_ _4\"></span>xpected to be settled (<span class=\"_ _0\"></span>or rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed). Cener<span class=\"_ _0\"></span>gy Holdings believ<span class=\"_ _4\"></span>e that its accruals for tax liabilities ar<span class=\"_ _0\"></span>e adequate f<span class=\"_ _0\"></span>or all open tax y<span class=\"_ _0\"></span>ears based on its assessment of underlying f<span class=\"_ _0\"></span>actors, including int<span class=\"_ _0\"></span>erpretations of tax la<span class=\"_ _4\"></span>w and prior experience. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-349-4": {
   "value": "C. Financial risk management  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to cr<span class=\"_ _0\"></span>edit, liquidity and mark<span class=\"_ _0\"></span>et risk due to the use of its financial instruments. This Not<span class=\"_ _0\"></span>e sets forth inf<span class=\"_ _0\"></span>ormation on their e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o each one of the abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e risks, their objectiv<span class=\"_ _0\"></span>es, the policies and proc<span class=\"_ _0\"></span>edur<span class=\"_ _0\"></span>es applied to risk measur<span class=\"_ _0\"></span>ement and management and Cener<span class=\"_ _0\"></span>gy Holdings\u2019 Capital Management (Note 25). Risk management policies are applied t<span class=\"_ _0\"></span>o identify and analyse the risks f<span class=\"_ _0\"></span>acing Cener<span class=\"_ _0\"></span>gy Holdings and its companies, set risk-taking limits and apply r<span class=\"_ _4\"></span>elevant c<span class=\"_ _0\"></span>ontrol s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tems. T<span class=\"_ _0\"></span>he risk management policies and r<span class=\"_ _0\"></span>elev<span class=\"_ _4\"></span>ant syst<span class=\"_ _0\"></span>ems are ex<span class=\"_ _0\"></span>amined fr<span class=\"_ _0\"></span>om time to time so as t<span class=\"_ _0\"></span>o take int<span class=\"_ _0\"></span>o acc<span class=\"_ _0\"></span>ount any changes in the mark<span class=\"_ _0\"></span>et and the companies\u2019 activities. The implementation of risk management policies and pr<span class=\"_ _4\"></span>ocedures is monitor<span class=\"_ _4\"></span>ed by the Internal Audit Function, which performs r<span class=\"_ _0\"></span>ecurring and non-recurring audits while the r<span class=\"_ _4\"></span>esults of such audits are notified to the Boar<span class=\"_ _0\"></span>d of Dir<span class=\"_ _0\"></span>ectors. C.<span class=\"_ _4\"></span>1. Credit risk<span class=\"_ _8\"></span> Credit risk is the risk of the financial los<span class=\"_ _0\"></span>s to Cener<span class=\"_ _4\"></span>gy Holdings if a customer or counterpart<span class=\"_ _0\"></span>y to a financial instrument fails to meet its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual obligations and arises principally fr<span class=\"_ _0\"></span>om the companies\u2019 r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables from customers and contr<span class=\"_ _0\"></span>act assets &amp; deposits with banks. The carrying amount of financial assets r<span class=\"_ _4\"></span>epresents the maximum credit e<span class=\"_ _4\"></span>xposure.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note  <span class=\"_ _c9\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Curr<span class=\"_ _0\"></span>ent <span class=\"_ _231\"> </span>15 <span class=\"_ _1d4\"> </span>192,769 <span class=\"_ _ec\"> </span>132,<span class=\"_ _0\"></span>040  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Non-curr<span class=\"_ _0\"></span>ent <span class=\"_ _1de\"> </span>15 <span class=\"_ _107\"> </span>1,227 <span class=\"_ _104\"> </span>1,<span class=\"_ _0\"></span>177  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _1ba\"> </span>7<span class=\"_ _4\"></span>.D <span class=\"_ _b5\"> </span>195,481 <span class=\"_ _102\"> </span>98,217  <span class=\"ff1c\">L<span class=\"_ _0\"></span>ess: </span> Other down pa<span class=\"_ _4\"></span>yments <span class=\"_ _24c\"> </span>15 <span class=\"_ _cb\"> </span>(3,17<span class=\"_ _0\"></span>8) <span class=\"_ _d0\"> </span>(624)  T<span class=\"_ _1\"></span>ax assets <span class=\"_ _ae\"> </span>15 <span class=\"_ _118\"> </span>(11,<span class=\"_ _0\"></span>610) <span class=\"_ _118\"> </span>(14,4<span class=\"_ _4\"></span>76)  Other receiv<span class=\"_ _0\"></span>ables <span class=\"_ _24d\"> </span>15 <span class=\"_ _af\"> </span>(18,910) <span class=\"_ _163\"> </span>(4,716)  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _12e\"> </span>355,77<span class=\"_ _0\"></span>8 <span class=\"_ _111\"> </span>211,617  Equity inv<span class=\"_ _4\"></span>estments at FVOCI  <span class=\"_ _24b\"> </span>22 <span class=\"_ _111\"> </span>6,308 <span class=\"_ _109\"> </span>5,812  Cash and cash equivalents <span class=\"_ _171\"> </span>16 <span class=\"_ _a6\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>160 <span class=\"_ _ec\"> </span>129,606  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _153\"> </span>23 <span class=\"_ _111\"> </span>16,612 <span class=\"_ _10e\"> </span>1,480  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _b3\"> </span>190,0<span class=\"_ _0\"></span>79 <span class=\"_ _ec\"> </span>136,899  Grand t<span class=\"_ _0\"></span>otal <span class=\"_ _24e\"> </span> <span class=\"_ _aa\"> </span>545,857 <span class=\"_ _ec\"> </span>348,516 a) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 On 31 December<span class=\"_ _1\"></span>, the aging of trade and other rec<span class=\"_ _0\"></span>eivables tha<span class=\"_ _0\"></span>t wer<span class=\"_ _4\"></span>e not impaired was as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Neither past due nor impaired <span class=\"_ _1d9\"> </span>343,965 <span class=\"_ _b3\"> </span>196,7<span class=\"_ _4\"></span>49  Over<span class=\"_ _0\"></span>due  - Up to 6 months <span class=\"_ _152\"> </span>10,800 <span class=\"_ _ec\"> </span>13,687  - Over 6 months <span class=\"_ _255\"> </span>1,013 <span class=\"_ _ce\"> </span>1,<span class=\"_ _0\"></span>182  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 Subsidiaries\u2019 management believ<span class=\"_ _4\"></span>es that the amounts that are past due up t<span class=\"_ _0\"></span>o 6 months and o<span class=\"_ _0\"></span>ver 6 months ar<span class=\"_ _4\"></span>e still<span class=\"_ _8\"></span> collectible in full, based on hist<span class=\"_ _0\"></span>orical payment beha<span class=\"_ _0\"></span>viour and e<span class=\"_ _0\"></span>xtensiv<span class=\"_ _4\"></span>e analysis of customer cr<span class=\"_ _0\"></span>edit risk, including underlying customers\u2019 cr<span class=\"_ _4\"></span>edit ratings, if they ar<span class=\"_ _4\"></span>e available. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, the remaining r<span class=\"_ _4\"></span>eceivables past due but not impair<span class=\"_ _0\"></span>ed mainly r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o leading industrial gr<span class=\"_ _0\"></span>oups, major public and priva<span class=\"_ _0\"></span>te utilities and major r<span class=\"_ _0\"></span>esellers. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies insur<span class=\"_ _0\"></span>e the majority of their r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables for default. On 31 December 2022, 85.9% of the balances o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed by c<span class=\"_ _0\"></span>ounterparties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed. The mo<span class=\"_ _4\"></span>vement in impairment of trade and other r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets is as follow<span class=\"_ _0\"></span>s:  <span class=\"_ _1d3\"> </span> 2022 <span class=\"_ _8b\"> </span> <span class=\"_ _f3\"> </span> 2021 <span class=\"_ _29\"> </span>  <span class=\"_ _120\"> </span> Amounts in EUR thousand <span class=\"_ _fb\"> </span>T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _4\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _0\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _d0\"> </span>26,031 <span class=\"_ _46\"> </span>318 <span class=\"_ _193\"> </span>26,349 <span class=\"_ _e4\"> </span>24,390 <span class=\"_ _9a\"> </span>143 <span class=\"_ _64\"> </span>24,533  Impairment loss rec<span class=\"_ _0\"></span>ognized <span class=\"_ _221\"> </span>450 <span class=\"_ _18b\"> </span>12 <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463<span class=\"_ _8\"></span></span><span class=\"wsbd\"> <span class=\"_ _35\"> </span>46 175 <span class=\"_ _30\"></span><span class=\"ff1a ws1\">220<span class=\"ff19\"> </span></span></span> Impairment loss re<span class=\"_ _4\"></span>versed <span class=\"_ _b7\"> </span>(38) <span class=\"_ _83\"> </span>(127) <span class=\"_ _3c\"> </span><span class=\"ff1a\">(165)</span><span class=\"wsbe\"> <span class=\"_ _5\"> </span>(168) - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">(168) </span></span> Rev<span class=\"_ _0\"></span>ersal of / (Impairment loss<span class=\"_ _0\"></span>)   on receiv<span class=\"_ _0\"></span>ables and contract as<span class=\"_ _0\"></span>sets <span class=\"_ _40\"> </span>412 <span class=\"_ _4c\"> </span>(115) <span class=\"_ _83\"> </span><span class=\"ff1a ls50 ws69\">297</span><span class=\"wsbf\"> <span class=\"_ _258\"> </span>(122) 175 <span class=\"_ _1\"></span><span class=\"ff1a ls85 ws6d\">53<span class=\"ff1c ls5 ws1\"> </span></span></span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _20c\"> </span>(153) <span class=\"_ _3e\"> </span>- <span class=\"_ _3c\"> </span><span class=\"ff1a\">(153)</span><span class=\"wsbe\"> <span class=\"_ _2b\"> </span>(14) - <span class=\"_ _238\"></span><span class=\"ff1a ws1\">(14) </span></span> For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _234\"> </span>1,255 <span class=\"_ _3e\"> </span>- <span class=\"_ _25a\"> </span><span class=\"ff1a\">1,255</span><span class=\"wsbe\"> <span class=\"_ _c\"> </span>1,<span class=\"_ _0\"></span>777 - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">1,777 </span></span> Balance on 31 December <span class=\"_ _221\"> </span>27<span class=\"_ _4\"></span>,545 <span class=\"_ _43\"> </span>203 <span class=\"_ _4e\"> </span>27<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>48 <span class=\"_ _8f\"> </span>26,031 <span class=\"_ _43\"> </span>318 <span class=\"_ _193\"> </span>26,349The allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ance for e<span class=\"_ _4\"></span>xpected credit losses f<span class=\"_ _0\"></span>or trade r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets are calculated a<span class=\"_ _0\"></span>t individual lev<span class=\"_ _4\"></span>el<span class=\"_ _8\"></span> when there is an indication of impairment. F<span class=\"_ _4\"></span>or receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets without an<span class=\"_ _0\"></span>y indication of impairment the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e based on the historical cr<span class=\"_ _4\"></span>edit loss experience c<span class=\"_ _0\"></span>ombined with forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-looking information in macr<span class=\"_ _0\"></span>oeconomic f<span class=\"_ _0\"></span>actors eff<span class=\"_ _0\"></span>ecting the credit risk, such as c<span class=\"_ _0\"></span>ountry risk and cust<span class=\"_ _0\"></span>omers\u2019 industry r<span class=\"_ _0\"></span>elated risks. The rising inflation and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e also tak<span class=\"_ _0\"></span>en into consider<span class=\"_ _4\"></span>ation when calculating expected cr<span class=\"_ _4\"></span>edit<span class=\"_ _8\"></span> losses for the curr<span class=\"_ _0\"></span>ent y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, without any significant impact on the impairment loss rec<span class=\"_ _0\"></span>ognized. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 b) Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies held cash and cash equiv<span class=\"_ _0\"></span>alents of EUR 16<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,160 thousand on 31 Dec<span class=\"_ _0\"></span>ember 2022. The cash and cash equiv<span class=\"_ _0\"></span>alents ar<span class=\"_ _0\"></span>e held with bank and financial institution count<span class=\"_ _0\"></span>erparties, which ar<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ted fr<span class=\"_ _0\"></span>om AA<span class=\"_ _4\"></span>-<span class=\"_ _8\"></span> to B based on r<span class=\"_ _0\"></span>atings of Fitch. C.2. Liquidity risk Liquidity risk is the risk that Cener<span class=\"_ _0\"></span>gy Holdings and its companies will enc<span class=\"_ _0\"></span>ounter difficult<span class=\"_ _0\"></span>y in meeting the obligations associated with its financial liabilities tha<span class=\"_ _0\"></span>t are set<span class=\"_ _0\"></span>tled by deliv<span class=\"_ _4\"></span>ering cash or another financial asset. The approach t<span class=\"_ _0\"></span>o manage liquidity is to ensur<span class=\"_ _0\"></span>e, as much as pos<span class=\"_ _0\"></span>sible, that the<span class=\"_ _0\"></span>y will hav<span class=\"_ _4\"></span>e sufficient liquidity to meet their liabilities when they ar<span class=\"_ _4\"></span>e due, under both normal and stressed c<span class=\"_ _0\"></span>onditions, without incurring unacc<span class=\"_ _0\"></span>eptable losses or risking damage to their r<span class=\"_ _0\"></span>eputation. In order t<span class=\"_ _0\"></span>o av<span class=\"_ _4\"></span>oid liquidity risks, Cenergy Holdings and its c<span class=\"_ _0\"></span>ompanies estimat<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws for the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing year when pr<span class=\"_ _4\"></span>eparing their annual budget and monitor the monthly rolling cash flo<span class=\"_ _0\"></span>w for<span class=\"_ _0\"></span>ecast f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing quarter<span class=\"_ _1\"></span>, to ensure sufficient cash on hand to meet their oper<span class=\"_ _4\"></span>ating needs, including cov<span class=\"_ _4\"></span>erage of their financial obligations. This policy does not tak<span class=\"_ _4\"></span>e into account the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant eff<span class=\"_ _0\"></span>ect fr<span class=\"_ _0\"></span>om extr<span class=\"_ _4\"></span>eme unforeseeable conditions. Steelmet S.A., an affiliat<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, monitors cash needs of Cenergy Holdings c<span class=\"_ _0\"></span>ompanies and centr<span class=\"_ _0\"></span>ally agr<span class=\"_ _0\"></span>ees financing terms with cr<span class=\"_ _0\"></span>edit institutions in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _4\"></span>oad.<span class=\"_ _8\"></span> Exposure to liquidity risk Financial liabilities and derivativ<span class=\"_ _4\"></span>es based on contractual maturity ar<span class=\"_ _4\"></span>e broken do<span class=\"_ _4\"></span>wn as follows:  31/12/2022 <span class=\"_ _1ab\"> </span>C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  <span class=\"_ _175\"> </span> Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _64\"> </span>402,<span class=\"_ _4\"></span>112 402,691 <span class=\"_ _dc\"> </span>531 <span class=\"_ _4f\"> </span>956 <span class=\"_ _51\"> </span>26 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">404,204<span class=\"ff19 ls5 ws1\"> </span></span> Bond issues <span class=\"_ _25c\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _1cf\"> </span>80,891 <span class=\"_ _2c\"> </span>32,778 <span class=\"_ _b\"> </span>93,610 9,487 <span class=\"_ _1a\"></span><span class=\"ff1a ws6a\">216,766<span class=\"ff19 ls5 ws1\"> </span></span> Lease liabilities <span class=\"_ _25d\"> </span><span class=\"ff1a ws6a\">3,457</span> <span class=\"_ _b\"> </span>1,625 <span class=\"_ _7\"> </span>796 1,<span class=\"_ _0\"></span>126 <span class=\"_ _54\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,54<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _198\"> </span><span class=\"ff1a lsff wsc3\">10,79<span class=\"_ _8\"></span>0</span> 10,790 <span class=\"_ _5d\"> </span>- <span class=\"_ _5f\"> </span>- <span class=\"_ _2b\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a lsff wsc3\">1<span class=\"_ _8\"></span>0,790<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _ec\"> </span>541,<span class=\"_ _0\"></span>181 541,<span class=\"_ _4\"></span>181 <span class=\"_ _5d\"> </span>- <span class=\"_ _76\"> </span>- <span class=\"_ _2c\"> </span>- <span class=\"_ _238\"></span><span class=\"ff1a ws6a\">541,<span class=\"_ _0\"></span>181<span class=\"ff19 ls5 ws1\"> </span></span>  <span class=\"_ _232\"> </span>1,15<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,337 <span class=\"_ _89\"> </span>1,<span class=\"_ _0\"></span>037<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>178 <span class=\"_ _f6\"> </span>34,104 <span class=\"_ _db\"> </span>95,693 <span class=\"_ _3c\"> </span>9,512 <span class=\"_ _5d\"> </span>1,<span class=\"_ _0\"></span>176,48731/12/2021 <span class=\"_ _25e\"> </span>Contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span> <span class=\"_ _175\"> </span>Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _78\"> </span><span class=\"ff1a ws6a\">203,998</span><span class=\"wsc6\"> <span class=\"_ _5\"> </span>197<span class=\"_ _1\"></span>,271 <span class=\"_ _39\"> </span>9,057 3,269 <span class=\"_ _d\"></span>128 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">209,725<span class=\"ff19 ls5 ws1\"> </span></span></span> Bond issues <span class=\"_ _126\"> </span><span class=\"ff1a ws6a\">186,641</span><span class=\"wsc7\"> <span class=\"_ _4b\"> </span>28,065 <span class=\"_ _4f\"> </span>75,683 <span class=\"_ _6\"> </span>76,230 28,413 <span class=\"_ _32\"></span><span class=\"ff1a ws6a\">208,391<span class=\"ff19 ls5 ws1\"> </span></span></span> Lease liabilities <span class=\"_ _25f\"> </span><span class=\"ff1a ws6a\">3,296</span><span class=\"wsc8\"> <span class=\"_ _19f\"> </span>1,665 1,046 <span class=\"_ _38\"> </span>756 <span class=\"_ _4d\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,467<span class=\"ff19 ls5 ws1\"> </span></span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _185\"> </span><span class=\"ff1a ws6a\">2,596</span><span class=\"wsc9\"> 2,596 <span class=\"_ _9b\"> </span>- <span class=\"_ _4b\"> </span>- <span class=\"_ _c\"> </span>- <span class=\"_ _1a6\"></span><span class=\"ff1a ws6a\">2,596<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _af\"> </span>417<span class=\"_ _4\"></span>,557<span class=\"ff19 wsca\"> 4<span class=\"_ _0\"></span>17<span class=\"_ _4\"></span>,557 <span class=\"_ _78\"> </span>- <span class=\"_ _5d\"> </span>- <span class=\"_ _23\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a ws6a\">417<span class=\"_ _1\"></span>,557<span class=\"ff19 ls5 ws1\"> </span></span></span>  <span class=\"_ _144\"> </span>814,089 <span class=\"_ _1fa\"> </span>647<span class=\"_ _1\"></span>,154 <span class=\"_ _f6\"> </span>85,785 <span class=\"_ _db\"> </span>80,256 <span class=\"_ _e9\"> </span>28,542 <span class=\"_ _80\"> </span>84<span class=\"_ _0\"></span>1,7<span class=\"_ _0\"></span>36Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e loans containing non-financial c<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>enants. A breach of such co<span class=\"_ _4\"></span>venants may requir<span class=\"_ _4\"></span>e companies to repa<span class=\"_ _0\"></span>y loans earlier than indicat<span class=\"_ _0\"></span>ed in the abov<span class=\"_ _4\"></span>e table. Under the existing loan agr<span class=\"_ _4\"></span>eements,<span class=\"_ _8\"></span> co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>eported r<span class=\"_ _0\"></span>egularly to management t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e complianc<span class=\"_ _0\"></span>e. Curr<span class=\"_ _0\"></span>ently<span class=\"_ _4\"></span>, there ar<span class=\"_ _4\"></span>e no<span class=\"_ _8\"></span> financial co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants (i.e<span class=\"_ _0\"></span>., r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o certain financial r<span class=\"_ _0\"></span>atio le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els) in e<span class=\"_ _4\"></span>xisting loan agreements. C.3. Market risk Market risk is the risk that changes in mark<span class=\"_ _4\"></span>et prices \u2013 such as commodity prices, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change rates and int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>es - will affect C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies\u2019 income or the v<span class=\"_ _4\"></span>alue of their financial instruments. Cenergy Holdings\u2019 companies use deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es to manage mark<span class=\"_ _4\"></span>et risk. Generally<span class=\"_ _4\"></span>, they seek t<span class=\"_ _0\"></span>o apply hedge acc<span class=\"_ _0\"></span>ounting to manage vola<span class=\"_ _0\"></span>tility in pr<span class=\"_ _0\"></span>ofit or loss. a) Currency risk:  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to curr<span class=\"_ _0\"></span>ency risk in r<span class=\"_ _0\"></span>elation to the sales and pur<span class=\"_ _4\"></span>chases carried out<span class=\"_ _8\"></span> and the loans issued in a curr<span class=\"_ _0\"></span>ency other than the functional curr<span class=\"_ _0\"></span>ency of Cener<span class=\"_ _0\"></span>gy Holdings and its companies, which is mainly EUR.  The most important curr<span class=\"_ _4\"></span>encies in which these transactions are e<span class=\"_ _4\"></span>xecuted ar<span class=\"_ _0\"></span>e EUR, USD and GBP<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Over time<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hedge the gr<span class=\"_ _4\"></span>eatest part of their estimated e<span class=\"_ _4\"></span>xposure to for<span class=\"_ _4\"></span>eign currencies in relation t<span class=\"_ _0\"></span>o the anticipat<span class=\"_ _0\"></span>ed sales and purchases, as w<span class=\"_ _4\"></span>ell as to the receiv<span class=\"_ _4\"></span>ables and liabilities in foreign curr<span class=\"_ _0\"></span>ency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Their main instruments used t<span class=\"_ _0\"></span>o deal with FX risk ar<span class=\"_ _0\"></span>e forw<span class=\"_ _0\"></span>ard c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts, agr<span class=\"_ _0\"></span>eed with ext<span class=\"_ _0\"></span>ernal count<span class=\"_ _0\"></span>erparties and expiring within les<span class=\"_ _0\"></span>s than a y<span class=\"_ _0\"></span>ear from the r<span class=\"_ _4\"></span>eporting date. When deemed necessary<span class=\"_ _1\"></span>, these contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _4\"></span>enewed upon expiry<span class=\"_ _1\"></span>.  FX risk may also be co<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>ed \u201cnaturally\u201d b<span class=\"_ _4\"></span>y taking out loans in the respective curr<span class=\"_ _4\"></span>encies if loan interest is denominated in the same curr<span class=\"_ _0\"></span>ency as that of cash flo<span class=\"_ _0\"></span>ws c<span class=\"_ _0\"></span>oming fr<span class=\"_ _0\"></span>om opera<span class=\"_ _0\"></span>ting activities. Inv<span class=\"_ _4\"></span>estments of Cenergy Holdings and its companies in their subsidiaries ar<span class=\"_ _4\"></span>e not hedged, as the ex<span class=\"_ _0\"></span>change positions are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be long-term and ar<span class=\"_ _4\"></span>e mainly made in EUR.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies\u2019 e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to curr<span class=\"_ _0\"></span>ency risk is summariz<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws.  <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2022 <span class=\"_ _101\"> </span> <span class=\"_ _13f\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _234\"> </span> <span class=\"_ _1f9\"> </span> <span class=\"_ _190\"> </span>   Amounts in EUR thousand <span class=\"_ _1db\"> </span> <span class=\"_ _20\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _71\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _4\"></span>THER <span class=\"_ _193\"> </span>TO<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _114\"> </span> <span class=\"_ _4c\"> </span>27<span class=\"_ _4\"></span>,997 <span class=\"_ _34\"> </span>10,423 <span class=\"_ _34\"> </span>18,591 <span class=\"_ _8f\"> </span>-  <span class=\"_ _e9\"> </span><span class=\"ff1a ls100 wscc\">5<span class=\"_ _8\"></span>7,<span class=\"_ _d\"></span>0<span class=\"_ _d\"></span>1<span class=\"_ _8\"></span>2<span class=\"_ _d\"> </span></span>  Cash &amp; cash equivalents <span class=\"_ _137\"> </span> <span class=\"_ _18f\"> </span>9,653 <span class=\"_ _1f9\"> </span>13 <span class=\"_ _19a\"> </span>364 <span class=\"_ _8f\"> </span>1 <span class=\"_ _91\"> </span><span class=\"ff1a ls1b ws79\">10,031<span class=\"_ _8\"></span></span>  Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _145\"> </span> <span class=\"_ _1a2\"> </span>(1,119) <span class=\"_ _89\"> </span>(3,892) <span class=\"_ _57\"> </span>(5,285) <span class=\"_ _20\"> </span>- <span class=\"_ _5d\"> </span><span class=\"ff1a\">(10,296)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _cd\"> </span> <span class=\"_ _63\"> </span>(98,277) <span class=\"_ _199\"> </span>(1,048) <span class=\"_ _4e\"> </span>(19,664) <span class=\"_ _8f\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff1a\">(118,989) </span> Contract liabilities <span class=\"_ _126\"> </span> <span class=\"_ _89\"> </span>(41,082) <span class=\"_ _1f4\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _2a\"></span>(66) <span class=\"_ _197\"> </span>-  <span class=\"_ _5d\"> </span><span class=\"ff1a\">(41,<span class=\"_ _0\"></span>148) </span>  <span class=\"_ _260\"> </span> <span class=\"_ _24\"> </span>(67<span class=\"_ _4\"></span>,650) <span class=\"_ _f3\"> </span>5,497 <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _7c\"> </span>(68,213)  Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _99\"> </span> <span class=\"_ _74\"> </span>(121,779) <span class=\"_ _1a9\"> </span>(18,914) <span class=\"_ _233\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _11\"> </span><span class=\"ff1a\">(140,692) </span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1f6\"> </span> <span class=\"_ _261\"> </span>(189,429) <span class=\"_ _57\"> </span>(13,417) <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _55\"> </span>(208,905) <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2021  Amounts in EUR thousand <span class=\"_ _1fe\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _1c2\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _0\"></span>THER <span class=\"_ _193\"> </span>T<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _23e\"> </span>10,028 <span class=\"_ _9a\"> </span>7<span class=\"_ _1\"></span>,562 <span class=\"_ _199\"> </span>16,638 <span class=\"_ _34\"> </span>643 <span class=\"_ _4e\"> </span><span class=\"ff23\">34,871</span>  Cash &amp; cash equivalents <span class=\"_ _262\"> </span>4,934 <span class=\"_ _1a2\"> </span>2,<span class=\"_ _0\"></span>156 <span class=\"_ _46\"> </span>420 <span class=\"_ _20\"> </span>1 <span class=\"_ _9c\"> </span><span class=\"ff23\">7<span class=\"_ _1\"></span>,511<span class=\"ff24\"> </span></span> Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _131\"> </span>(4,331) <span class=\"_ _f0\"> </span>- <span class=\"_ _db\"> </span>(2,613) <span class=\"_ _8f\"> </span>- <span class=\"_ _a2\"> </span><span class=\"ff23\">(6,944)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _263\"> </span>(21,230) <span class=\"_ _4a\"> </span>(1,825) <span class=\"_ _75\"> </span>(14,<span class=\"_ _0\"></span>162) <span class=\"_ _8f\"> </span>- <span class=\"_ _78\"> </span><span class=\"ff23\">(37<span class=\"_ _1\"></span>,217)<span class=\"ff24\"> </span></span> Contract liabilities <span class=\"_ _12d\"> </span>- <span class=\"_ _f0\"> </span>- <span class=\"_ _1a2\"> </span>(23) <span class=\"_ _4e\"> </span>(4,811) <span class=\"_ _35\"> </span><span class=\"ff23\">(4,834)</span> (10,599)<span class=\"_ _1f8\"> </span>7<span class=\"_ _1\"></span>,893<span class=\"_ _e4\"> </span>260<span class=\"_\"> </span>(4,<span class=\"_ _4\"></span>168)<span class=\"_ _94\"> </span>(6,613) Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _233\"> </span>(39,692) <span class=\"_ _75\"> </span>(21,049) <span class=\"_ _f9\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _7c\"> </span><span class=\"ff23 ls1b ws79\">(6<span class=\"_ _8\"></span>0,7<span class=\"_ _4\"></span>41<span class=\"_ _8\"></span>)<span class=\"ff24 ls5 ws1\"> </span></span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1ee\"> </span>(50<span class=\"_ _0\"></span>,290) <span class=\"_ _1a9\"> </span>(13,<span class=\"_ _0\"></span>156) <span class=\"_ _46\"> </span>260 <span class=\"_ _80\"> </span>(4,<span class=\"_ _4\"></span>168) <span class=\"_ _5d\"> </span>(67<span class=\"_ _4\"></span>,354) The f<span class=\"_ _0\"></span>ollowing e<span class=\"_ _4\"></span>xchange ra<span class=\"_ _0\"></span>tes ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been applied during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> A<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>age e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ate <span class=\"_ _13f\"> </span>Y<span class=\"_ _1\"></span>ear end spot rat<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> 2022 <span class=\"_ _b\"> </span>2021<span class=\"_ _234\"> </span>2022<span class=\"_\"> </span>2021 USD <span class=\"_ _fc\"> </span>1.0530 <span class=\"_ _19b\"> </span>1.<span class=\"_ _0\"></span>1827 <span class=\"_ _3e\"> </span>1.0666 <span class=\"_ _197\"> </span>1.1326  GBP <span class=\"_ _84\"> </span>0.8528 <span class=\"_ _28\"> </span>0.8596 <span class=\"_ _1c4\"> </span>0.8869 <span class=\"_ _9a\"> </span>0.840<span class=\"_ _0\"></span>3  RO\u039d <span class=\"_ _153\"> </span>4.9<span class=\"_ _0\"></span>313 <span class=\"_ _3b\"> </span>4.9208 <span class=\"_ _18a\"> </span>4.94<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>4 <span class=\"_ _46\"> </span>4.9481 \u0391 reasonably pos<span class=\"_ _0\"></span>sible str<span class=\"_ _0\"></span>engthening (weak<span class=\"_ _4\"></span>ening) of the EUR, USD, GBP or RON agains<span class=\"_ _0\"></span>t other currencies on 31 December w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e affected the measurement of financial ins<span class=\"_ _0\"></span>truments denominated in a f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and affected equit<span class=\"_ _0\"></span>y and profit or los<span class=\"_ _0\"></span>s by the amounts sho<span class=\"_ _4\"></span>wn below<span class=\"_ _4\"></span>. This analysis as<span class=\"_ _0\"></span>sumes that all other variables, in particular inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates, r<span class=\"_ _4\"></span>emain constant and ignores an<span class=\"_ _0\"></span>y impact of for<span class=\"_ _0\"></span>ecast sales and pur<span class=\"_ _0\"></span>chases.  Profit or loss <span class=\"_ _264\"> </span>Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _f4\"> </span>Strengthening <span class=\"_ _7c\"> </span>W<span class=\"_ _4\"></span>eakening <span class=\"_ _80\"> </span>Strengthening <span class=\"_ _80\"> </span>W<span class=\"_ _0\"></span>eak<span class=\"_ _0\"></span>ening<span class=\"_ _8\"></span>  <span class=\"_ _26\"> </span>2022  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _192\"> </span>6,250 <span class=\"_ _34\"> </span>(7<span class=\"_ _4\"></span>,639) <span class=\"_ _1f4\"> </span>17<span class=\"_ _4\"></span>,221 <span class=\"_ _44\"> </span>(21,048)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _121\"> </span>1,220 <span class=\"_ _f3\"> </span>(1,491) <span class=\"_ _174\"> </span>1,220 <span class=\"_ _19a\"> </span>(1,491)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _265\"> </span>551 <span class=\"_ _1f8\"> </span>(673) <span class=\"_ _113\"> </span>551 <span class=\"_ _8f\"> </span>(673)  <span class=\"_ _26\"> </span>2021  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _1f5\"> </span>1,230 <span class=\"_ _f6\"> </span>(1,504) <span class=\"_ _13\"> </span>4,566 <span class=\"_ _1c2\"> </span>(5,580)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _119\"> </span>1,<span class=\"_ _4\"></span>186 <span class=\"_ _f6\"> </span>(1,450) <span class=\"_ _22f\"> </span>1,<span class=\"_ _0\"></span>186 <span class=\"_ _43\"> </span>(1,450)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _266\"> </span>(24) <span class=\"_ _1f9\"> </span>29 <span class=\"_ _f8\"> </span>(2<span class=\"_ _0\"></span>4) <span class=\"_ _21f\"> </span>29b)<span class=\"_\"> </span>In<span class=\"_ _0\"></span>terest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk:Exposure to int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate risk 2022 mark<span class=\"_ _0\"></span>ed the end of a prolonged lo<span class=\"_ _4\"></span>w interest period with C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies having appr<span class=\"_ _4\"></span>ox. 19% of their debt obligations on a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te basis. T<span class=\"_ _0\"></span>his was achie<span class=\"_ _4\"></span>ved by ent<span class=\"_ _0\"></span>ering fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate instruments or b<span class=\"_ _4\"></span>y hedging<span class=\"_ _8\"></span> their floating ra<span class=\"_ _0\"></span>te loans with int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts. The int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate pr<span class=\"_ _4\"></span>ofile of Cenergy Holdings\u2019 companies\u2019 inter<span class=\"_ _0\"></span>est-bearing financial instruments, is as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Fixed-r<span class=\"_ _4\"></span>ate instruments <span class=\"_ _267\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _208\"> </span>37<span class=\"_ _1\"></span>,601 <span class=\"_ _b1\"> </span>40,5<span class=\"_ _4\"></span>7<span class=\"_ _0\"></span>4  V<span class=\"_ _4\"></span>ariable-rate instruments <span class=\"_ _268\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _269\"> </span>567<span class=\"_ _1\"></span>,765 <span class=\"_ _a8\"> </span>353,362  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps (nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _150\"> </span>(80,000) <span class=\"_ _be\"> </span>-  Net exposur<span class=\"_ _0\"></span>e to v<span class=\"_ _0\"></span>ariable-r<span class=\"_ _0\"></span>ate instruments <span class=\"_ _12d\"> </span>487<span class=\"_ _1\"></span>,765 <span class=\"_ _1ed\"> </span>353,362 Fix<span class=\"_ _0\"></span>ed-rat<span class=\"_ _0\"></span>e instruments The Gr<span class=\"_ _0\"></span>oup does not acc<span class=\"_ _0\"></span>ount any fix<span class=\"_ _4\"></span>ed-rate financial as<span class=\"_ _0\"></span>sets or liabilities at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough profit or los<span class=\"_ _0\"></span>s.  Ther<span class=\"_ _4\"></span>efore, a change in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>ould not affect either pr<span class=\"_ _0\"></span>ofit or loss or equity<span class=\"_ _1\"></span>. Cash flow s<span class=\"_ _0\"></span>ensitivity analysis f<span class=\"_ _0\"></span>or v<span class=\"_ _0\"></span>ariable-rat<span class=\"_ _0\"></span>e instruments A reasonably pos<span class=\"_ _0\"></span>sible change of 0.25% in int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ates at the r<span class=\"_ _4\"></span>eporting date would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e increased / (<span class=\"_ _4\"></span>decreased) equity and profit or los<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>y the amount shown belo<span class=\"_ _4\"></span>w<span class=\"_ _0\"></span>. The analy<span class=\"_ _0\"></span>sis assumes that all other v<span class=\"_ _4\"></span>ariables, in particular<span class=\"_ _8\"></span> for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es, r<span class=\"_ _0\"></span>emain constant.  <span class=\"_ _209\"> </span>Profit or loss &amp; Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _106\"> </span>0<span class=\"_ _0\"></span>.25% increase <span class=\"_ _e4\"> </span>0.25% decr<span class=\"_ _0\"></span>ease<span class=\"_ _d\"></span>  <span class=\"_ _26\"> </span>2022 <span class=\"_ _26a\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _142\"> </span>(721) <span class=\"_ _192\"> </span>721  <span class=\"_ _26\"> </span>2021 <span class=\"_ _26b\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _16a\"> </span>(1,<span class=\"_ _0\"></span>140) <span class=\"_ _1b8\"> </span>1,<span class=\"_ _0\"></span>140As described in note 23, follo<span class=\"_ _4\"></span>wing upwar<span class=\"_ _0\"></span>d pres<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es on inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates observ<span class=\"_ _4\"></span>ed during the first semester of 2022, in Q2 2022Cener<span class=\"_ _0\"></span>gy Holdings companies s<span class=\"_ _0\"></span>tarted using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>waps t<span class=\"_ _0\"></span>o offset potentially higher futur<span class=\"_ _0\"></span>e finance costs in v<span class=\"_ _4\"></span>ariable rate loans. Such deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e not designated as hedging ins<span class=\"_ _0\"></span>truments, so their valuation is included in the analysis abo<span class=\"_ _4\"></span>ve. c) Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es assets and liabilities designa<span class=\"_ _0\"></span>ted as cash flo<span class=\"_ _0\"></span>w hedges  The f<span class=\"_ _0\"></span>ollowing table indicat<span class=\"_ _0\"></span>es the periods in which the cash flo<span class=\"_ _0\"></span>ws associa<span class=\"_ _0\"></span>ted with cash flo<span class=\"_ _0\"></span>w hedges ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to occur:   2022 <span class=\"_ _179\"> </span>Expected cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _24c\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _e2\"> </span>2,595 <span class=\"_ _1f9\"> </span>5,805 <span class=\"_ _9d\"> </span>3,624 <span class=\"_ _9e\"> </span><span class=\"ff1a\">12,024</span>  Liabilities <span class=\"_ _de\"> </span>(9,80<span class=\"_ _4\"></span>7) <span class=\"_ _a1\"> </span>(5,338) <span class=\"_ _165\"> </span>(4,470) <span class=\"_ _20\"> </span>- <span class=\"_ _5c\"> </span><span class=\"ff1a\">(9,80<span class=\"_ _0\"></span>7) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span>  <span class=\"_ _1ed\"> </span>  <span class=\"_ _176\"> </span>  <span class=\"_ _fb\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _3a\"></span>  Assets <span class=\"_ _fd\"> </span>463 <span class=\"_ _1c4\"> </span>(78<span class=\"_ _0\"></span>7) <span class=\"_ _233\"> </span>1,250 <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463</span>  Liabilities <span class=\"_ _26d\"> </span>(956) <span class=\"_ _194\"> </span>(944) <span class=\"_ _1bf\"> </span>(13) <span class=\"_ _20\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">(956) </span> <span class=\"_ _1b1\"> </span>1,723 <span class=\"_ _9b\"> </span>(4,47<span class=\"_ _1\"></span>4) <span class=\"_ _94\"> </span>2,573 3,62<span class=\"_ _0\"></span>4 <span class=\"_ _38\"> </span>1,723 2021 <span class=\"_ _26e\"> </span>Expected cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _d8\"> </span>536 <span class=\"_ _41\"> </span>536 <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls85 ws6d\">53<span class=\"_ _8\"></span>6</span>  Liabilities <span class=\"_ _243\"> </span>(1,14<span class=\"_ _0\"></span>1) <span class=\"_ _194\"> </span>(1,141) <span class=\"_ _b3\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _22\"> </span><span class=\"ff1a\">(1,14<span class=\"_ _0\"></span>1) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _1b0\"> </span>- <span class=\"_ _1ad\"> </span>- <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _18b\"> </span><span class=\"ff1a\">-</span>  Liabilities <span class=\"_ _26f\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _20\"> </span>(1,213) <span class=\"_ _13f\"> </span>14 <span class=\"_ _20\"> </span>- <span class=\"_ _4e\"> </span><span class=\"ff1a\">(1,199) </span> <span class=\"_ _270\"> </span>(1,804) <span class=\"_ _193\"> </span>(1,818) <span class=\"_ _28\"> </span>14 <span class=\"_ _4e\"> </span>- (1,804) The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides information about the it<span class=\"_ _0\"></span>ems designated as cash flo<span class=\"_ _0\"></span>w hedging instruments during the y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> and on 31 December 2022 and the r<span class=\"_ _4\"></span>econciliation of the amounts included in the hedging reserv<span class=\"_ _0\"></span>e.  <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _11e\"> </span> <span class=\"_ _272\"> </span> Amounts in EUR thousands <span class=\"_ _fe\"> </span>     Nominal Amount        Carrying amount Assets <span class=\"_ _2c\"> </span>Liabilities<span class=\"_ _d\"></span> Line it<span class=\"_ _0\"></span>em in the statement of financial position where the hedging instrument is include     Balanc<span class=\"_ _0\"></span>e on 1 January 2022  Changes in the v<span class=\"_ _0\"></span>alue of the hedging instrument recognised in OCI Amount<span class=\"_ _d\"></span> reclassified from hedging reserve to pr<span class=\"_ _0\"></span>ofit or loss Effect<span class=\"_ _d\"></span> of<span class=\"_ _d\"></span> mov<span class=\"_ _0\"></span>ement in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change ra<span class=\"_ _0\"></span>tes Balance<span class=\"_ _8\"></span> on 31<span class=\"_ _d\"></span> Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> 2022 <span class=\"_ _186\"> </span> Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign <span class=\"_ _10c\"> </span> ex<span class=\"_ _4\"></span>change contracts <span class=\"_ _113\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span>  <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> 113,<span class=\"_ _0\"></span>141 <span class=\"_ _12\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _76\"> </span>(9,807) Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (605) <span class=\"_ _1c0\"> </span>756 <span class=\"_ _5e\"> </span>1,602 <span class=\"_ _89\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ff1a\">2,216</span>  <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _64\"> </span> <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _71\"> </span> Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _a6\"> </span>81,339 <span class=\"_ _99\"> </span>463 <span class=\"_ _99\"> </span>(956) <span class=\"_ _61\"> </span>Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (1,<span class=\"_ _0\"></span>199) <span class=\"_ _4a\"> </span>1,<span class=\"_ _4\"></span>199 <span class=\"_ _94\"> </span>(493) <span class=\"_ _3b\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a ls50 ws69\">(493<span class=\"_ _8\"></span>)</span>  <span class=\"_ _273\"> </span>194,480 <span class=\"_ _d\"></span>12,487 (10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>64) <span class=\"_ _1bd\"> </span> <span class=\"_ _2d\"> </span>(1,804) <span class=\"_ _a2\"> </span>1,955 <span class=\"_ _98\"> </span>1,<span class=\"_ _4\"></span>109 <span class=\"_ _5c\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _dc\"> </span>1,723<span class=\"ws1\"> </span>d) Commodity price risk The c<span class=\"_ _0\"></span>ommodity mark<span class=\"_ _0\"></span>ets hav<span class=\"_ _4\"></span>e experienced and ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to c<span class=\"_ _0\"></span>ontinue to e<span class=\"_ _4\"></span>xperience price fluctuations. Cener<span class=\"_ _0\"></span>gy Holdings subsidiaries hav<span class=\"_ _4\"></span>e exposure t<span class=\"_ _0\"></span>o steel, aluminium, c<span class=\"_ _0\"></span>opper and lead. T<span class=\"_ _0\"></span>hey ther<span class=\"_ _4\"></span>efore use, when possible<span class=\"_ _0\"></span>, futures contr<span class=\"_ _0\"></span>acts to minimiz<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o commodity pric<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility<span class=\"_ _1\"></span>. Subsidiaries in the cables segment use back-to-back matching of pur<span class=\"_ _0\"></span>chases and sales, or deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e instruments (futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts) in order to minimiz<span class=\"_ _0\"></span>e the effect of the metal price fluctuations on their r<span class=\"_ _0\"></span>esults. On 31 December 2022, the net deriv<span class=\"_ _4\"></span>ative balance per c<span class=\"_ _0\"></span>ommodity was:   Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Aluminium - Long / (short) position <span class=\"_ _130\"> </span>(395) <span class=\"_ _114\"> </span>373  Copper - Long / (short) position <span class=\"_ _274\"> </span>(59) <span class=\"_ _af\"> </span>(1,548)  Lead - Long / (short) position <span class=\"_ _a4\"> </span>(39) <span class=\"_ _107\"> </span>(25) T<span class=\"_ _1\"></span>otal <span class=\"_ _229\"> </span>(49<span class=\"_ _0\"></span>3) (1,<span class=\"_ _0\"></span>199) These hedges ar<span class=\"_ _0\"></span>e designat<span class=\"_ _0\"></span>ed as cash flow hedge ac<span class=\"_ _0\"></span>counting. C.4. Risk of macroeconomic and financial en<span class=\"_ _4\"></span>vironment<span class=\"_ _8\"></span>  Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries follo<span class=\"_ _0\"></span>w closely and on a continuous basis the de<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>elopments in the interna<span class=\"_ _0\"></span>tional and domestic envir<span class=\"_ _4\"></span>onment and timely adapt their business strat<span class=\"_ _0\"></span>egy and risk management policies to minimiz<span class=\"_ _0\"></span>e the impact of the macroec<span class=\"_ _0\"></span>onomic conditions on their oper<span class=\"_ _0\"></span>ations. Impact of Ukraine c<span class=\"_ _0\"></span>onflictThe Ukr<span class=\"_ _0\"></span>aine conflict s<span class=\"_ _0\"></span>tarted in F<span class=\"_ _0\"></span>ebruary 2022 and caused mark<span class=\"_ _0\"></span>et v<span class=\"_ _0\"></span>olatility as it incr<span class=\"_ _0\"></span>eased the pr<span class=\"_ _0\"></span>obability of disruptions in many parts of the global econom<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>.  Though its impact on Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries cannot be fully predict<span class=\"_ _0\"></span>ed right no<span class=\"_ _0\"></span>w<span class=\"_ _4\"></span>, the ov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>all e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o Ukr<span class=\"_ _0\"></span>aine and Russia is v<span class=\"_ _0\"></span>ery limited and busines<span class=\"_ _0\"></span>s consequences wer<span class=\"_ _4\"></span>e not material so far<span class=\"_ _4\"></span>, while the same is expect<span class=\"_ _0\"></span>ed for the f<span class=\"_ _0\"></span>oreseeable futur<span class=\"_ _4\"></span>e. Sales to these markets r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>esent an insignificant portion of total turno<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er (<span class=\"_ _0\"></span>ca. 0.5% f<span class=\"_ _0\"></span>or 2022) and an<span class=\"_ _0\"></span>y re<span class=\"_ _4\"></span>venue loss will be fully offset b<span class=\"_ _0\"></span>y demand in other markets. All r<span class=\"_ _4\"></span>evenues fr<span class=\"_ _4\"></span>om those markets concern c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts signed befor<span class=\"_ _0\"></span>e 2022, since no sales agr<span class=\"_ _4\"></span>eement<span class=\"_ _8\"></span> was signed with clients locat<span class=\"_ _0\"></span>ed in those countries during 20<span class=\"_ _0\"></span>22. Furthermore<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e tak<span class=\"_ _0\"></span>en actions to shift the supply of r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>w materials pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>viously sourc<span class=\"_ _0\"></span>ed fr<span class=\"_ _0\"></span>om Russia to alt<span class=\"_ _0\"></span>ernativ<span class=\"_ _0\"></span>e mark<span class=\"_ _0\"></span>ets and mitigate an<span class=\"_ _0\"></span>y potential disruption in their supply chain. As f<span class=\"_ _0\"></span>or financing, companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e no exposur<span class=\"_ _4\"></span>e to Russian banks. Finally<span class=\"_ _4\"></span>, in the energy fr<span class=\"_ _4\"></span>ont, the Ukraine conflict acc<span class=\"_ _0\"></span>eler<span class=\"_ _0\"></span>ated pric<span class=\"_ _0\"></span>e inflation and companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e alr<span class=\"_ _0\"></span>eady taken mitigating actions to r<span class=\"_ _0\"></span>educe an<span class=\"_ _0\"></span>y business impact r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed to ener<span class=\"_ _0\"></span>gy cos<span class=\"_ _0\"></span>t.  The<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>e monitoring the situation closely and will modify their approach when and as r<span class=\"_ _4\"></span>equired to secur<span class=\"_ _0\"></span>e opera<span class=\"_ _0\"></span>tional efficiency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> C.5. Risks relat<span class=\"_ _0\"></span>ed to climat<span class=\"_ _0\"></span>e changeCener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries rec<span class=\"_ _0\"></span>ognize the importanc<span class=\"_ _0\"></span>e of tr<span class=\"_ _0\"></span>ansparency r<span class=\"_ _4\"></span>egarding climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities to maintain trust of s<span class=\"_ _0\"></span>takeholders and allo<span class=\"_ _4\"></span>w inves<span class=\"_ _0\"></span>tors to bet<span class=\"_ _0\"></span>ter understand the pot<span class=\"_ _0\"></span>ential impact transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities emana<span class=\"_ _0\"></span>ting from climat<span class=\"_ _0\"></span>e change. T<span class=\"_ _2\"></span>o that end, Cenergy Holdings has pledged to asses<span class=\"_ _0\"></span>s the potential se<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erity of the risks and the possible benefits of the opportunities with the aim to tak<span class=\"_ _0\"></span>e all neces<span class=\"_ _0\"></span>sary measures t<span class=\"_ _0\"></span>o mitigate nega<span class=\"_ _0\"></span>tive impacts and maximiz<span class=\"_ _0\"></span>e the positiv<span class=\"_ _0\"></span>e ones, and to adopt the T<span class=\"_ _1\"></span>ask For<span class=\"_ _4\"></span>ce on Climate-rela<span class=\"_ _0\"></span>ted Financial Disclosur<span class=\"_ _0\"></span>es (T<span class=\"_ _4\"></span>CFD) fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work t<span class=\"_ _0\"></span>o tr<span class=\"_ _0\"></span>ansparently c<span class=\"_ _0\"></span>ommunicate all clima<span class=\"_ _0\"></span>te-relat<span class=\"_ _0\"></span>ed risks and opportunities. F<span class=\"_ _0\"></span>or this purpose, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries performed an as<span class=\"_ _0\"></span>sessment of climate-r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed risks and opportunities that co<span class=\"_ _4\"></span>vered all indus<span class=\"_ _0\"></span>trial and real es<span class=\"_ _0\"></span>tate as<span class=\"_ _0\"></span>sets. The detailed r<span class=\"_ _0\"></span>esults of this assessment ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eported at segmental le<span class=\"_ _4\"></span>vel in the Non-Financial Disclosure<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ompanying the Annual Report.Moving t<span class=\"_ _0\"></span>o a lo<span class=\"_ _0\"></span>w-carbon econom<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>equires c<span class=\"_ _0\"></span>ertain measur<span class=\"_ _0\"></span>es to be c<span class=\"_ _0\"></span>onsidered and implement<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>hrough the analysis, f<span class=\"_ _0\"></span>or each business segment, the most mat<span class=\"_ _0\"></span>erial climate r<span class=\"_ _4\"></span>elated transition and ph<span class=\"_ _0\"></span>ysical risks and opportunities ov<span class=\"_ _4\"></span>er the short, medium and long-term, hav<span class=\"_ _0\"></span>e been identified. T<span class=\"_ _0\"></span>he transition risks as<span class=\"_ _0\"></span>sessed r<span class=\"_ _0\"></span>elate t<span class=\"_ _0\"></span>o policy<span class=\"_ _1\"></span>, legal,<span class=\"_ _8\"></span> technology and mark<span class=\"_ _0\"></span>et changes to addr<span class=\"_ _0\"></span>ess climat<span class=\"_ _0\"></span>e change mitigation and adaptation. Polic<span class=\"_ _0\"></span>y actions around climat<span class=\"_ _0\"></span>e change continue to e<span class=\"_ _4\"></span>volv<span class=\"_ _0\"></span>e, technological impr<span class=\"_ _4\"></span>ov<span class=\"_ _0\"></span>ements or innov<span class=\"_ _4\"></span>ations that support the transition to a lo<span class=\"_ _4\"></span>wer-carbon and energy efficient ec<span class=\"_ _0\"></span>onomic sy<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>em can hav<span class=\"_ _4\"></span>e a significant impact on organizations, while significant changes in market such as decr<span class=\"_ _4\"></span>ease in demand for specific goods or services or decreased r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enues rela<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>o changes in customer beha<span class=\"_ _0\"></span>vior ar<span class=\"_ _0\"></span>e some e<span class=\"_ _0\"></span>xamples of the implications that can impact the oper<span class=\"_ _4\"></span>ating model and the financial<span class=\"_ _8\"></span> planning of Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries. On the other hand, extr<span class=\"_ _4\"></span>eme weather ev<span class=\"_ _4\"></span>ents and longer-term shifts in climate patt<span class=\"_ _0\"></span>erns such as limited w<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er av<span class=\"_ _4\"></span>ailability and extreme hea<span class=\"_ _0\"></span>t or sea lev<span class=\"_ _4\"></span>el rise may hav<span class=\"_ _0\"></span>e multiple impacts and possible financial implications for C<span class=\"_ _0\"></span>energy Holdings Gr<span class=\"_ _4\"></span>oup.The abo<span class=\"_ _4\"></span>vementioned risks and opportunities hav<span class=\"_ _4\"></span>e been identified and classified on a scale of low<span class=\"_ _4\"></span>, medium, and<span class=\"_ _8\"></span> high, based on the actual and potential impacts on the Cener<span class=\"_ _4\"></span>gy Holdings\u2019 subsidiaries business model, assets and<span class=\"_ _8\"></span> operations, as w<span class=\"_ _4\"></span>ell as financial impacts on the business performance. T<span class=\"_ _0\"></span>he financial impacts hav<span class=\"_ _4\"></span>e being considered to the acc<span class=\"_ _0\"></span>ounting estimat<span class=\"_ _0\"></span>es to the e<span class=\"_ _4\"></span>xtent that they can be curr<span class=\"_ _0\"></span>ently e<span class=\"_ _0\"></span>valua<span class=\"_ _0\"></span>ted. Mor<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _4\"></span>, challenges associated with climate r<span class=\"_ _0\"></span>elat<span class=\"_ _0\"></span>ed commitments ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been consider<span class=\"_ _0\"></span>ed, and Viohalc<span class=\"_ _0\"></span>o companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e not identified any additional issues that ma<span class=\"_ _0\"></span>y hav<span class=\"_ _4\"></span>e a material effect on their financial stat<span class=\"_ _0\"></span>ements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-350-6": {
   "value": "C.<span class=\"_ _4\"></span>1. Credit risk<span class=\"_ _8\"></span> Credit risk is the risk of the financial los<span class=\"_ _0\"></span>s to Cener<span class=\"_ _4\"></span>gy Holdings if a customer or counterpart<span class=\"_ _0\"></span>y to a financial instrument fails to meet its c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual obligations and arises principally fr<span class=\"_ _0\"></span>om the companies\u2019 r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables from customers and contr<span class=\"_ _0\"></span>act assets &amp; deposits with banks. The carrying amount of financial assets r<span class=\"_ _4\"></span>epresents the maximum credit e<span class=\"_ _4\"></span>xposure.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _101\"> </span>Note  <span class=\"_ _c9\"> </span>2022 <span class=\"_ _103\"> </span>2021<span class=\"_ _8\"></span>  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Curr<span class=\"_ _0\"></span>ent <span class=\"_ _231\"> </span>15 <span class=\"_ _1d4\"> </span>192,769 <span class=\"_ _ec\"> </span>132,<span class=\"_ _0\"></span>040  T<span class=\"_ _4\"></span>rade &amp; Other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables - Non-curr<span class=\"_ _0\"></span>ent <span class=\"_ _1de\"> </span>15 <span class=\"_ _107\"> </span>1,227 <span class=\"_ _104\"> </span>1,<span class=\"_ _0\"></span>177  Contract as<span class=\"_ _0\"></span>sets <span class=\"_ _1ba\"> </span>7<span class=\"_ _4\"></span>.D <span class=\"_ _b5\"> </span>195,481 <span class=\"_ _102\"> </span>98,217  <span class=\"ff1c\">L<span class=\"_ _0\"></span>ess: </span> Other down pa<span class=\"_ _4\"></span>yments <span class=\"_ _24c\"> </span>15 <span class=\"_ _cb\"> </span>(3,17<span class=\"_ _0\"></span>8) <span class=\"_ _d0\"> </span>(624)  T<span class=\"_ _1\"></span>ax assets <span class=\"_ _ae\"> </span>15 <span class=\"_ _118\"> </span>(11,<span class=\"_ _0\"></span>610) <span class=\"_ _118\"> </span>(14,4<span class=\"_ _4\"></span>76)  Other receiv<span class=\"_ _0\"></span>ables <span class=\"_ _24d\"> </span>15 <span class=\"_ _af\"> </span>(18,910) <span class=\"_ _163\"> </span>(4,716)  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _12e\"> </span>355,77<span class=\"_ _0\"></span>8 <span class=\"_ _111\"> </span>211,617  Equity inv<span class=\"_ _4\"></span>estments at FVOCI  <span class=\"_ _24b\"> </span>22 <span class=\"_ _111\"> </span>6,308 <span class=\"_ _109\"> </span>5,812  Cash and cash equivalents <span class=\"_ _171\"> </span>16 <span class=\"_ _a6\"> </span>167<span class=\"_ _4\"></span>,<span class=\"_ _0\"></span>160 <span class=\"_ _ec\"> </span>129,606  Derivativ<span class=\"_ _4\"></span>es <span class=\"_ _153\"> </span>23 <span class=\"_ _111\"> </span>16,612 <span class=\"_ _10e\"> </span>1,480  Subtotal <span class=\"_ _17c\"> </span> <span class=\"_ _b3\"> </span>190,0<span class=\"_ _0\"></span>79 <span class=\"_ _ec\"> </span>136,899  Grand t<span class=\"_ _0\"></span>otal <span class=\"_ _24e\"> </span> <span class=\"_ _aa\"> </span>545,857 <span class=\"_ _ec\"> </span>348,516 a) T<span class=\"_ _1\"></span>rade and other receiv<span class=\"_ _0\"></span>ables &amp; contract as<span class=\"_ _0\"></span>sets Cener<span class=\"_ _0\"></span>gy Holdings\u2019 exposur<span class=\"_ _4\"></span>e to credit risk is influenced mainly b<span class=\"_ _4\"></span>y the individual characteristics of each cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, the companies\u2019 management also considers the fact<span class=\"_ _0\"></span>ors that ma<span class=\"_ _0\"></span>y influence the cr<span class=\"_ _0\"></span>edit risk of its cust<span class=\"_ _0\"></span>omer base, including the default risk of the indus<span class=\"_ _0\"></span>try and country in which cust<span class=\"_ _0\"></span>omers oper<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>. On the reporting dat<span class=\"_ _0\"></span>es, no client ex<span class=\"_ _4\"></span>ceeds 10% of consolidated sales and, c<span class=\"_ _0\"></span>onsequently<span class=\"_ _1\"></span>, commercial risk is spr<span class=\"_ _0\"></span>ead o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er a large number of clients. How<span class=\"_ _4\"></span>ever<span class=\"_ _1\"></span>, due to the fact that the business of c<span class=\"_ _0\"></span>ertain subsidiaries (i.e<span class=\"_ _0\"></span>., Corinth Pipe<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>orks, Hellenic Cables and Fulgor) is project orient<span class=\"_ _0\"></span>ed, ther<span class=\"_ _0\"></span>e may be cases wher<span class=\"_ _4\"></span>e this threshold is ex<span class=\"_ _4\"></span>ceeded for a short period of time.  T<span class=\"_ _0\"></span>hat was the case in 2022, f<span class=\"_ _0\"></span>or one specific client of the st<span class=\"_ _0\"></span>eel pipes segment, namely Collahuasi, due to the timing of ex<span class=\"_ _4\"></span>ecution of certain signed contr<span class=\"_ _0\"></span>act. Cener<span class=\"_ _0\"></span>gy Holdings has established a cr<span class=\"_ _0\"></span>edit policy wher<span class=\"_ _0\"></span>e each new cus<span class=\"_ _0\"></span>tomer is e<span class=\"_ _0\"></span>xamined on an individual basis in terms of cr<span class=\"_ _0\"></span>editw<span class=\"_ _0\"></span>orthiness befor<span class=\"_ _4\"></span>e the standard payment and deliv<span class=\"_ _4\"></span>ery terms are pr<span class=\"_ _0\"></span>oposed to such cus<span class=\"_ _0\"></span>tomer<span class=\"_ _1\"></span>. Cenergy Holdings\u2019 re<span class=\"_ _4\"></span>view includes ext<span class=\"_ _0\"></span>ernal ra<span class=\"_ _0\"></span>tings, if they ar<span class=\"_ _4\"></span>e available, and in some cases bank r<span class=\"_ _4\"></span>eferences. Cr<span class=\"_ _4\"></span>edit limits are set for each individual cust<span class=\"_ _0\"></span>omer<span class=\"_ _4\"></span>, which are r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>vie<span class=\"_ _0\"></span>wed in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dance with curr<span class=\"_ _4\"></span>ent circumstances and the t<span class=\"_ _0\"></span>erms of sales and collections ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>eadjusted, if nec<span class=\"_ _0\"></span>essary<span class=\"_ _1\"></span>. As a rule, the credit limits of cust<span class=\"_ _0\"></span>omers ar<span class=\"_ _0\"></span>e set on the basis of the insuranc<span class=\"_ _0\"></span>e limits r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed for them fr<span class=\"_ _4\"></span>om insurance companies and, subsequently<span class=\"_ _1\"></span>, rec<span class=\"_ _0\"></span>eivables ar<span class=\"_ _4\"></span>e insured accor<span class=\"_ _4\"></span>ding<span class=\"_ _8\"></span> to such limits. When monitoring the cr<span class=\"_ _0\"></span>edit risk of cust<span class=\"_ _0\"></span>omers, the latter ar<span class=\"_ _4\"></span>e grouped accor<span class=\"_ _4\"></span>ding to their credit char<span class=\"_ _0\"></span>acteristics, the maturity char<span class=\"_ _0\"></span>acteristics of their r<span class=\"_ _4\"></span>eceivables and any pas<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>oblems of rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y they ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>wn. T<span class=\"_ _1\"></span>rade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables mainly include wholesale customers of C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies. F<span class=\"_ _0\"></span>or any cust<span class=\"_ _0\"></span>omer charact<span class=\"_ _0\"></span>erized as being \u201chigh risk\u201d, an<span class=\"_ _0\"></span>y subsequent sale is requir<span class=\"_ _4\"></span>ed to be paid in advance<span class=\"_ _0\"></span>. Depending on the backgr<span class=\"_ _4\"></span>ound of the customer and its status, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries ma<span class=\"_ _0\"></span>y demand collat<span class=\"_ _0\"></span>eral or other securit<span class=\"_ _0\"></span>y (e<span class=\"_ _0\"></span>.g., lett<span class=\"_ _0\"></span>ers of guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>) in or<span class=\"_ _0\"></span>der to secur<span class=\"_ _0\"></span>e its r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables, if possible<span class=\"_ _0\"></span>. Cener<span class=\"_ _0\"></span>gy Holdings rec<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ds an impairment that r<span class=\"_ _0\"></span>epresents its es<span class=\"_ _0\"></span>timate of e<span class=\"_ _4\"></span>xpected credit losses in r<span class=\"_ _0\"></span>espect of tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables. On 31 December<span class=\"_ _1\"></span>, the maximum exposure t<span class=\"_ _0\"></span>o credit risk f<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ade and other rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ables by geogr<span class=\"_ _4\"></span>aphic region was as follo<span class=\"_ _0\"></span>ws:  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Greec<span class=\"_ _0\"></span>e <span class=\"_ _24f\"> </span>178,892 <span class=\"_ _124\"> </span>96,469  Other EU Member States <span class=\"_ _250\"> </span>79,<span class=\"_ _0\"></span>014 <span class=\"_ _b1\"> </span>49,9<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4  Other European c<span class=\"_ _0\"></span>ountries <span class=\"_ _251\"> </span>13,521 <span class=\"_ _b5\"> </span>25,372  Asia <span class=\"_ _ca\"> </span>13,366 <span class=\"_ _ec\"> </span>36,4<span class=\"_ _0\"></span>71  America (North &amp; South) <span class=\"_ _252\"> </span>69,363 <span class=\"_ _163\"> </span>2,128  Africa <span class=\"_ _214\"> </span>1,621 <span class=\"_ _253\"> </span>1,204  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 On 31 December<span class=\"_ _1\"></span>, the aging of trade and other rec<span class=\"_ _0\"></span>eivables tha<span class=\"_ _0\"></span>t wer<span class=\"_ _4\"></span>e not impaired was as follo<span class=\"_ _4\"></span>ws:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Neither past due nor impaired <span class=\"_ _1d9\"> </span>343,965 <span class=\"_ _b3\"> </span>196,7<span class=\"_ _4\"></span>49  Over<span class=\"_ _0\"></span>due  - Up to 6 months <span class=\"_ _152\"> </span>10,800 <span class=\"_ _ec\"> </span>13,687  - Over 6 months <span class=\"_ _255\"> </span>1,013 <span class=\"_ _ce\"> </span>1,<span class=\"_ _0\"></span>182  T<span class=\"_ _1\"></span>otal <span class=\"_ _254\"> </span>355,778 <span class=\"_ _af\"> </span>211,617 Subsidiaries\u2019 management believ<span class=\"_ _4\"></span>es that the amounts that are past due up t<span class=\"_ _0\"></span>o 6 months and o<span class=\"_ _0\"></span>ver 6 months ar<span class=\"_ _4\"></span>e still<span class=\"_ _8\"></span> collectible in full, based on hist<span class=\"_ _0\"></span>orical payment beha<span class=\"_ _0\"></span>viour and e<span class=\"_ _0\"></span>xtensiv<span class=\"_ _4\"></span>e analysis of customer cr<span class=\"_ _0\"></span>edit risk, including underlying customers\u2019 cr<span class=\"_ _4\"></span>edit ratings, if they ar<span class=\"_ _4\"></span>e available. On 31 December 2022 and 20<span class=\"_ _0\"></span>21, the remaining r<span class=\"_ _4\"></span>eceivables past due but not impair<span class=\"_ _0\"></span>ed mainly r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o leading industrial gr<span class=\"_ _0\"></span>oups, major public and priva<span class=\"_ _0\"></span>te utilities and major r<span class=\"_ _0\"></span>esellers. Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies insur<span class=\"_ _0\"></span>e the majority of their r<span class=\"_ _0\"></span>eceiv<span class=\"_ _4\"></span>ables for default. On 31 December 2022, 85.9% of the balances o<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ed by c<span class=\"_ _0\"></span>ounterparties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>ed. The mo<span class=\"_ _4\"></span>vement in impairment of trade and other r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets is as follow<span class=\"_ _0\"></span>s:  <span class=\"_ _1d3\"> </span> 2022 <span class=\"_ _8b\"> </span> <span class=\"_ _f3\"> </span> 2021 <span class=\"_ _29\"> </span>  <span class=\"_ _120\"> </span> Amounts in EUR thousand <span class=\"_ _fb\"> </span>T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _4\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal T<span class=\"_ _4\"></span>rade &amp; other receiv<span class=\"_ _0\"></span>ables Contr<span class=\"_ _0\"></span>act assets  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Balance on 1 January <span class=\"_ _d0\"> </span>26,031 <span class=\"_ _46\"> </span>318 <span class=\"_ _193\"> </span>26,349 <span class=\"_ _e4\"> </span>24,390 <span class=\"_ _9a\"> </span>143 <span class=\"_ _64\"> </span>24,533  Impairment loss rec<span class=\"_ _0\"></span>ognized <span class=\"_ _221\"> </span>450 <span class=\"_ _18b\"> </span>12 <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463<span class=\"_ _8\"></span></span><span class=\"wsbd\"> <span class=\"_ _35\"> </span>46 175 <span class=\"_ _30\"></span><span class=\"ff1a ws1\">220<span class=\"ff19\"> </span></span></span> Impairment loss re<span class=\"_ _4\"></span>versed <span class=\"_ _b7\"> </span>(38) <span class=\"_ _83\"> </span>(127) <span class=\"_ _3c\"> </span><span class=\"ff1a\">(165)</span><span class=\"wsbe\"> <span class=\"_ _5\"> </span>(168) - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">(168) </span></span> Rev<span class=\"_ _0\"></span>ersal of / (Impairment loss<span class=\"_ _0\"></span>)   on receiv<span class=\"_ _0\"></span>ables and contract as<span class=\"_ _0\"></span>sets <span class=\"_ _40\"> </span>412 <span class=\"_ _4c\"> </span>(115) <span class=\"_ _83\"> </span><span class=\"ff1a ls50 ws69\">297</span><span class=\"wsbf\"> <span class=\"_ _258\"> </span>(122) 175 <span class=\"_ _1\"></span><span class=\"ff1a ls85 ws6d\">53<span class=\"ff1c ls5 ws1\"> </span></span></span> Writ<span class=\"_ _0\"></span>e-offs <span class=\"_ _20c\"> </span>(153) <span class=\"_ _3e\"> </span>- <span class=\"_ _3c\"> </span><span class=\"ff1a\">(153)</span><span class=\"wsbe\"> <span class=\"_ _2b\"> </span>(14) - <span class=\"_ _238\"></span><span class=\"ff1a ws1\">(14) </span></span> For<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>xchange diff<span class=\"_ _0\"></span>erenc<span class=\"_ _0\"></span>es <span class=\"_ _234\"> </span>1,255 <span class=\"_ _3e\"> </span>- <span class=\"_ _25a\"> </span><span class=\"ff1a\">1,255</span><span class=\"wsbe\"> <span class=\"_ _c\"> </span>1,<span class=\"_ _0\"></span>777 - <span class=\"_ _257\"></span><span class=\"ff1a ws1\">1,777 </span></span> Balance on 31 December <span class=\"_ _221\"> </span>27<span class=\"_ _4\"></span>,545 <span class=\"_ _43\"> </span>203 <span class=\"_ _4e\"> </span>27<span class=\"_ _4\"></span>,7<span class=\"_ _4\"></span>48 <span class=\"_ _8f\"> </span>26,031 <span class=\"_ _43\"> </span>318 <span class=\"_ _193\"> </span>26,349The allo<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ance for e<span class=\"_ _4\"></span>xpected credit losses f<span class=\"_ _0\"></span>or trade r<span class=\"_ _4\"></span>eceivables and contr<span class=\"_ _4\"></span>act assets are calculated a<span class=\"_ _0\"></span>t individual lev<span class=\"_ _4\"></span>el<span class=\"_ _8\"></span> when there is an indication of impairment. F<span class=\"_ _4\"></span>or receiv<span class=\"_ _0\"></span>ables and contr<span class=\"_ _0\"></span>act assets without an<span class=\"_ _0\"></span>y indication of impairment the expect<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>edit losses ar<span class=\"_ _0\"></span>e based on the historical cr<span class=\"_ _4\"></span>edit loss experience c<span class=\"_ _0\"></span>ombined with forw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d-looking information in macr<span class=\"_ _0\"></span>oeconomic f<span class=\"_ _0\"></span>actors eff<span class=\"_ _0\"></span>ecting the credit risk, such as c<span class=\"_ _0\"></span>ountry risk and cust<span class=\"_ _0\"></span>omers\u2019 industry r<span class=\"_ _0\"></span>elated risks. The rising inflation and int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e also tak<span class=\"_ _0\"></span>en into consider<span class=\"_ _4\"></span>ation when calculating expected cr<span class=\"_ _4\"></span>edit<span class=\"_ _8\"></span> losses for the curr<span class=\"_ _0\"></span>ent y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, without any significant impact on the impairment loss rec<span class=\"_ _0\"></span>ognized. The f<span class=\"_ _0\"></span>ollowing c<span class=\"_ _0\"></span>ollater<span class=\"_ _4\"></span>al exists for securing non-insur<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables &amp; contr<span class=\"_ _4\"></span>act assets:<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Bank letters of guar<span class=\"_ _0\"></span>antee <span class=\"_ _162\"> </span>-  <span class=\"_ _cd\"> </span>- <span class=\"_ _1\"></span>  Pay<span class=\"_ _0\"></span>ables which can be offset b<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>eivables <span class=\"_ _12c\"> </span>8,26<span class=\"_ _4\"></span>7 <span class=\"_ _c7\"> </span>8,842  T<span class=\"_ _1\"></span>otal <span class=\"_ _ca\"> </span>8,267 <span class=\"_ _10b\"> </span>8,842 b) Cash and cash equiv<span class=\"_ _4\"></span>alents<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies held cash and cash equiv<span class=\"_ _0\"></span>alents of EUR 16<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,160 thousand on 31 Dec<span class=\"_ _0\"></span>ember 2022. The cash and cash equiv<span class=\"_ _0\"></span>alents ar<span class=\"_ _0\"></span>e held with bank and financial institution count<span class=\"_ _0\"></span>erparties, which ar<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ted fr<span class=\"_ _0\"></span>om AA<span class=\"_ _4\"></span>-<span class=\"_ _8\"></span> to B based on r<span class=\"_ _0\"></span>atings of Fitch. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-366-4": {
   "value": "C.2. Liquidity risk Liquidity risk is the risk that Cener<span class=\"_ _0\"></span>gy Holdings and its companies will enc<span class=\"_ _0\"></span>ounter difficult<span class=\"_ _0\"></span>y in meeting the obligations associated with its financial liabilities tha<span class=\"_ _0\"></span>t are set<span class=\"_ _0\"></span>tled by deliv<span class=\"_ _4\"></span>ering cash or another financial asset. The approach t<span class=\"_ _0\"></span>o manage liquidity is to ensur<span class=\"_ _0\"></span>e, as much as pos<span class=\"_ _0\"></span>sible, that the<span class=\"_ _0\"></span>y will hav<span class=\"_ _4\"></span>e sufficient liquidity to meet their liabilities when they ar<span class=\"_ _4\"></span>e due, under both normal and stressed c<span class=\"_ _0\"></span>onditions, without incurring unacc<span class=\"_ _0\"></span>eptable losses or risking damage to their r<span class=\"_ _0\"></span>eputation. In order t<span class=\"_ _0\"></span>o av<span class=\"_ _4\"></span>oid liquidity risks, Cenergy Holdings and its c<span class=\"_ _0\"></span>ompanies estimat<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed cash flo<span class=\"_ _0\"></span>ws for the f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>wing year when pr<span class=\"_ _4\"></span>eparing their annual budget and monitor the monthly rolling cash flo<span class=\"_ _0\"></span>w for<span class=\"_ _0\"></span>ecast f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing quarter<span class=\"_ _1\"></span>, to ensure sufficient cash on hand to meet their oper<span class=\"_ _4\"></span>ating needs, including cov<span class=\"_ _4\"></span>erage of their financial obligations. This policy does not tak<span class=\"_ _4\"></span>e into account the r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant eff<span class=\"_ _0\"></span>ect fr<span class=\"_ _0\"></span>om extr<span class=\"_ _4\"></span>eme unforeseeable conditions. Steelmet S.A., an affiliat<span class=\"_ _0\"></span>e compan<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, monitors cash needs of Cenergy Holdings c<span class=\"_ _0\"></span>ompanies and centr<span class=\"_ _0\"></span>ally agr<span class=\"_ _0\"></span>ees financing terms with cr<span class=\"_ _0\"></span>edit institutions in Gr<span class=\"_ _0\"></span>eece and abr<span class=\"_ _4\"></span>oad.<span class=\"_ _8\"></span> Exposure to liquidity risk Financial liabilities and derivativ<span class=\"_ _4\"></span>es based on contractual maturity ar<span class=\"_ _4\"></span>e broken do<span class=\"_ _4\"></span>wn as follows:  31/12/2022 <span class=\"_ _1ab\"> </span>C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  <span class=\"_ _175\"> </span> Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _64\"> </span>402,<span class=\"_ _4\"></span>112 402,691 <span class=\"_ _dc\"> </span>531 <span class=\"_ _4f\"> </span>956 <span class=\"_ _51\"> </span>26 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">404,204<span class=\"ff19 ls5 ws1\"> </span></span> Bond issues <span class=\"_ _25c\"> </span>199,7<span class=\"_ _0\"></span>98 <span class=\"_ _1cf\"> </span>80,891 <span class=\"_ _2c\"> </span>32,778 <span class=\"_ _b\"> </span>93,610 9,487 <span class=\"_ _1a\"></span><span class=\"ff1a ws6a\">216,766<span class=\"ff19 ls5 ws1\"> </span></span> Lease liabilities <span class=\"_ _25d\"> </span><span class=\"ff1a ws6a\">3,457</span> <span class=\"_ _b\"> </span>1,625 <span class=\"_ _7\"> </span>796 1,<span class=\"_ _0\"></span>126 <span class=\"_ _54\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,54<span class=\"_ _4\"></span>7<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _198\"> </span><span class=\"ff1a lsff wsc3\">10,79<span class=\"_ _8\"></span>0</span> 10,790 <span class=\"_ _5d\"> </span>- <span class=\"_ _5f\"> </span>- <span class=\"_ _2b\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a lsff wsc3\">1<span class=\"_ _8\"></span>0,790<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _ec\"> </span>541,<span class=\"_ _0\"></span>181 541,<span class=\"_ _4\"></span>181 <span class=\"_ _5d\"> </span>- <span class=\"_ _76\"> </span>- <span class=\"_ _2c\"> </span>- <span class=\"_ _238\"></span><span class=\"ff1a ws6a\">541,<span class=\"_ _0\"></span>181<span class=\"ff19 ls5 ws1\"> </span></span>  <span class=\"_ _232\"> </span>1,15<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>,337 <span class=\"_ _89\"> </span>1,<span class=\"_ _0\"></span>037<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>178 <span class=\"_ _f6\"> </span>34,104 <span class=\"_ _db\"> </span>95,693 <span class=\"_ _3c\"> </span>9,512 <span class=\"_ _5d\"> </span>1,<span class=\"_ _0\"></span>176,48731/12/2021 <span class=\"_ _25e\"> </span>Contr<span class=\"_ _0\"></span>actual cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span> <span class=\"_ _175\"> </span>Amounts in EUR thousand <span class=\"_ _234\"> </span>Carrying Amount Up to 1 year 1 to 2 y<span class=\"_ _0\"></span>ears 2 to 5 years Over 5 years  T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Bank loans and factoring with r<span class=\"_ _0\"></span>ecourse <span class=\"_ _78\"> </span><span class=\"ff1a ws6a\">203,998</span><span class=\"wsc6\"> <span class=\"_ _5\"> </span>197<span class=\"_ _1\"></span>,271 <span class=\"_ _39\"> </span>9,057 3,269 <span class=\"_ _d\"></span>128 <span class=\"_ _25b\"></span><span class=\"ff1a ws6a\">209,725<span class=\"ff19 ls5 ws1\"> </span></span></span> Bond issues <span class=\"_ _126\"> </span><span class=\"ff1a ws6a\">186,641</span><span class=\"wsc7\"> <span class=\"_ _4b\"> </span>28,065 <span class=\"_ _4f\"> </span>75,683 <span class=\"_ _6\"> </span>76,230 28,413 <span class=\"_ _32\"></span><span class=\"ff1a ws6a\">208,391<span class=\"ff19 ls5 ws1\"> </span></span></span> Lease liabilities <span class=\"_ _25f\"> </span><span class=\"ff1a ws6a\">3,296</span><span class=\"wsc8\"> <span class=\"_ _19f\"> </span>1,665 1,046 <span class=\"_ _38\"> </span>756 <span class=\"_ _4d\"> </span>- <span class=\"_ _1c\"></span><span class=\"ff1a ws6a\">3,467<span class=\"ff19 ls5 ws1\"> </span></span></span> Derivativ<span class=\"_ _4\"></span>es  <span class=\"_ _185\"> </span><span class=\"ff1a ws6a\">2,596</span><span class=\"wsc9\"> 2,596 <span class=\"_ _9b\"> </span>- <span class=\"_ _4b\"> </span>- <span class=\"_ _c\"> </span>- <span class=\"_ _1a6\"></span><span class=\"ff1a ws6a\">2,596<span class=\"_ _8\"></span><span class=\"ff19 ls5 ws1\"> </span></span></span> T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _af\"> </span>417<span class=\"_ _4\"></span>,557<span class=\"ff19 wsca\"> 4<span class=\"_ _0\"></span>17<span class=\"_ _4\"></span>,557 <span class=\"_ _78\"> </span>- <span class=\"_ _5d\"> </span>- <span class=\"_ _23\"> </span>- <span class=\"_ _23b\"></span><span class=\"ff1a ws6a\">417<span class=\"_ _1\"></span>,557<span class=\"ff19 ls5 ws1\"> </span></span></span>  <span class=\"_ _144\"> </span>814,089 <span class=\"_ _1fa\"> </span>647<span class=\"_ _1\"></span>,154 <span class=\"_ _f6\"> </span>85,785 <span class=\"_ _db\"> </span>80,256 <span class=\"_ _e9\"> </span>28,542 <span class=\"_ _80\"> </span>84<span class=\"_ _0\"></span>1,7<span class=\"_ _0\"></span>36Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e loans containing non-financial c<span class=\"_ _0\"></span>ov<span class=\"_ _4\"></span>enants. A breach of such co<span class=\"_ _4\"></span>venants may requir<span class=\"_ _4\"></span>e companies to repa<span class=\"_ _0\"></span>y loans earlier than indicat<span class=\"_ _0\"></span>ed in the abov<span class=\"_ _4\"></span>e table. Under the existing loan agr<span class=\"_ _4\"></span>eements,<span class=\"_ _8\"></span> co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants ar<span class=\"_ _0\"></span>e monitor<span class=\"_ _0\"></span>ed and r<span class=\"_ _0\"></span>eported r<span class=\"_ _0\"></span>egularly to management t<span class=\"_ _0\"></span>o ensur<span class=\"_ _0\"></span>e complianc<span class=\"_ _0\"></span>e. Curr<span class=\"_ _0\"></span>ently<span class=\"_ _4\"></span>, there ar<span class=\"_ _4\"></span>e no<span class=\"_ _8\"></span> financial co<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>enants (i.e<span class=\"_ _0\"></span>., r<span class=\"_ _0\"></span>elated t<span class=\"_ _0\"></span>o certain financial r<span class=\"_ _0\"></span>atio le<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>els) in e<span class=\"_ _4\"></span>xisting loan agreements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-387-4": {
   "value": "C.3. Market risk Market risk is the risk that changes in mark<span class=\"_ _4\"></span>et prices \u2013 such as commodity prices, f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign ex<span class=\"_ _4\"></span>change rates and int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>es - will affect C<span class=\"_ _0\"></span>energy Holdings and its c<span class=\"_ _0\"></span>ompanies\u2019 income or the v<span class=\"_ _4\"></span>alue of their financial instruments. Cenergy Holdings\u2019 companies use deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es to manage mark<span class=\"_ _4\"></span>et risk. Generally<span class=\"_ _4\"></span>, they seek t<span class=\"_ _0\"></span>o apply hedge acc<span class=\"_ _0\"></span>ounting to manage vola<span class=\"_ _0\"></span>tility in pr<span class=\"_ _0\"></span>ofit or loss. a) Currency risk:  Cener<span class=\"_ _0\"></span>gy Holdings and its companies ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposed to curr<span class=\"_ _0\"></span>ency risk in r<span class=\"_ _0\"></span>elation to the sales and pur<span class=\"_ _4\"></span>chases carried out<span class=\"_ _8\"></span> and the loans issued in a curr<span class=\"_ _0\"></span>ency other than the functional curr<span class=\"_ _0\"></span>ency of Cener<span class=\"_ _0\"></span>gy Holdings and its companies, which is mainly EUR.  The most important curr<span class=\"_ _4\"></span>encies in which these transactions are e<span class=\"_ _4\"></span>xecuted ar<span class=\"_ _0\"></span>e EUR, USD and GBP<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span>  Over time<span class=\"_ _0\"></span>, Cener<span class=\"_ _0\"></span>gy Holdings\u2019 companies hedge the gr<span class=\"_ _4\"></span>eatest part of their estimated e<span class=\"_ _4\"></span>xposure to for<span class=\"_ _4\"></span>eign currencies in relation t<span class=\"_ _0\"></span>o the anticipat<span class=\"_ _0\"></span>ed sales and purchases, as w<span class=\"_ _4\"></span>ell as to the receiv<span class=\"_ _4\"></span>ables and liabilities in foreign curr<span class=\"_ _0\"></span>ency<span class=\"_ _1\"></span>.<span class=\"_ _8\"></span> Their main instruments used t<span class=\"_ _0\"></span>o deal with FX risk ar<span class=\"_ _0\"></span>e forw<span class=\"_ _0\"></span>ard c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts, agr<span class=\"_ _0\"></span>eed with ext<span class=\"_ _0\"></span>ernal count<span class=\"_ _0\"></span>erparties and expiring within les<span class=\"_ _0\"></span>s than a y<span class=\"_ _0\"></span>ear from the r<span class=\"_ _4\"></span>eporting date. When deemed necessary<span class=\"_ _1\"></span>, these contr<span class=\"_ _0\"></span>acts are r<span class=\"_ _4\"></span>enewed upon expiry<span class=\"_ _1\"></span>.  FX risk may also be co<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>ed \u201cnaturally\u201d b<span class=\"_ _4\"></span>y taking out loans in the respective curr<span class=\"_ _4\"></span>encies if loan interest is denominated in the same curr<span class=\"_ _0\"></span>ency as that of cash flo<span class=\"_ _0\"></span>ws c<span class=\"_ _0\"></span>oming fr<span class=\"_ _0\"></span>om opera<span class=\"_ _0\"></span>ting activities. Inv<span class=\"_ _4\"></span>estments of Cenergy Holdings and its companies in their subsidiaries ar<span class=\"_ _4\"></span>e not hedged, as the ex<span class=\"_ _0\"></span>change positions are c<span class=\"_ _0\"></span>onsider<span class=\"_ _0\"></span>ed to be long-term and ar<span class=\"_ _4\"></span>e mainly made in EUR.<span class=\"_ _8\"></span> Cener<span class=\"_ _0\"></span>gy Holdings and its companies\u2019 e<span class=\"_ _0\"></span>xposur<span class=\"_ _0\"></span>e to curr<span class=\"_ _0\"></span>ency risk is summariz<span class=\"_ _0\"></span>ed as follo<span class=\"_ _0\"></span>ws.  <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2022 <span class=\"_ _101\"> </span> <span class=\"_ _13f\"> </span> <span class=\"_ _1bd\"> </span> <span class=\"_ _234\"> </span> <span class=\"_ _1f9\"> </span> <span class=\"_ _190\"> </span>   Amounts in EUR thousand <span class=\"_ _1db\"> </span> <span class=\"_ _20\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _71\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _4\"></span>THER <span class=\"_ _193\"> </span>TO<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _114\"> </span> <span class=\"_ _4c\"> </span>27<span class=\"_ _4\"></span>,997 <span class=\"_ _34\"> </span>10,423 <span class=\"_ _34\"> </span>18,591 <span class=\"_ _8f\"> </span>-  <span class=\"_ _e9\"> </span><span class=\"ff1a ls100 wscc\">5<span class=\"_ _8\"></span>7,<span class=\"_ _d\"></span>0<span class=\"_ _d\"></span>1<span class=\"_ _8\"></span>2<span class=\"_ _d\"> </span></span>  Cash &amp; cash equivalents <span class=\"_ _137\"> </span> <span class=\"_ _18f\"> </span>9,653 <span class=\"_ _1f9\"> </span>13 <span class=\"_ _19a\"> </span>364 <span class=\"_ _8f\"> </span>1 <span class=\"_ _91\"> </span><span class=\"ff1a ls1b ws79\">10,031<span class=\"_ _8\"></span></span>  Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _145\"> </span> <span class=\"_ _1a2\"> </span>(1,119) <span class=\"_ _89\"> </span>(3,892) <span class=\"_ _57\"> </span>(5,285) <span class=\"_ _20\"> </span>- <span class=\"_ _5d\"> </span><span class=\"ff1a\">(10,296)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _cd\"> </span> <span class=\"_ _63\"> </span>(98,277) <span class=\"_ _199\"> </span>(1,048) <span class=\"_ _4e\"> </span>(19,664) <span class=\"_ _8f\"> </span>- <span class=\"_ _5f\"> </span><span class=\"ff1a\">(118,989) </span> Contract liabilities <span class=\"_ _126\"> </span> <span class=\"_ _89\"> </span>(41,082) <span class=\"_ _1f4\"> </span>-  <span class=\"fc6 sc0\"> </span>                 <span class=\"_ _2a\"></span>(66) <span class=\"_ _197\"> </span>-  <span class=\"_ _5d\"> </span><span class=\"ff1a\">(41,<span class=\"_ _0\"></span>148) </span>  <span class=\"_ _260\"> </span> <span class=\"_ _24\"> </span>(67<span class=\"_ _4\"></span>,650) <span class=\"_ _f3\"> </span>5,497 <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _7c\"> </span>(68,213)  Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _99\"> </span> <span class=\"_ _74\"> </span>(121,779) <span class=\"_ _1a9\"> </span>(18,914) <span class=\"_ _233\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _11\"> </span><span class=\"ff1a\">(140,692) </span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1f6\"> </span> <span class=\"_ _261\"> </span>(189,429) <span class=\"_ _57\"> </span>(13,417) <span class=\"_ _22\"> </span>(6,060) <span class=\"_ _8f\"> </span>1 <span class=\"_ _55\"> </span>(208,905) <span class=\"_ _26\"> </span>31/<span class=\"_ _8\"></span>12/2021  Amounts in EUR thousand <span class=\"_ _1fe\"> </span>USD <span class=\"_ _a1\"> </span>GBP <span class=\"_ _1c2\"> </span>RON <span class=\"_ _5c\"> </span>O<span class=\"_ _0\"></span>THER <span class=\"_ _193\"> </span>T<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>AL<span class=\"_ _d\"></span>  T<span class=\"_ _4\"></span>rade and other r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ables <span class=\"_ _23e\"> </span>10,028 <span class=\"_ _9a\"> </span>7<span class=\"_ _1\"></span>,562 <span class=\"_ _199\"> </span>16,638 <span class=\"_ _34\"> </span>643 <span class=\"_ _4e\"> </span><span class=\"ff23\">34,871</span>  Cash &amp; cash equivalents <span class=\"_ _262\"> </span>4,934 <span class=\"_ _1a2\"> </span>2,<span class=\"_ _0\"></span>156 <span class=\"_ _46\"> </span>420 <span class=\"_ _20\"> </span>1 <span class=\"_ _9c\"> </span><span class=\"ff23\">7<span class=\"_ _1\"></span>,511<span class=\"ff24\"> </span></span> Loans and Borro<span class=\"_ _4\"></span>wings <span class=\"_ _131\"> </span>(4,331) <span class=\"_ _f0\"> </span>- <span class=\"_ _db\"> </span>(2,613) <span class=\"_ _8f\"> </span>- <span class=\"_ _a2\"> </span><span class=\"ff23\">(6,944)</span>  T<span class=\"_ _4\"></span>rade and other pa<span class=\"_ _0\"></span>yables <span class=\"_ _263\"> </span>(21,230) <span class=\"_ _4a\"> </span>(1,825) <span class=\"_ _75\"> </span>(14,<span class=\"_ _0\"></span>162) <span class=\"_ _8f\"> </span>- <span class=\"_ _78\"> </span><span class=\"ff23\">(37<span class=\"_ _1\"></span>,217)<span class=\"ff24\"> </span></span> Contract liabilities <span class=\"_ _12d\"> </span>- <span class=\"_ _f0\"> </span>- <span class=\"_ _1a2\"> </span>(23) <span class=\"_ _4e\"> </span>(4,811) <span class=\"_ _35\"> </span><span class=\"ff23\">(4,834)</span> (10,599)<span class=\"_ _1f8\"> </span>7<span class=\"_ _1\"></span>,893<span class=\"_ _e4\"> </span>260<span class=\"_\"> </span>(4,<span class=\"_ _4\"></span>168)<span class=\"_ _94\"> </span>(6,613) Derivativ<span class=\"_ _4\"></span>es for risk hedging (Nominal V<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _233\"> </span>(39,692) <span class=\"_ _75\"> </span>(21,049) <span class=\"_ _f9\"> </span>- <span class=\"_ _20\"> </span>- <span class=\"_ _7c\"> </span><span class=\"ff23 ls1b ws79\">(6<span class=\"_ _8\"></span>0,7<span class=\"_ _4\"></span>41<span class=\"_ _8\"></span>)<span class=\"ff24 ls5 ws1\"> </span></span> T<span class=\"_ _1\"></span>otal risk <span class=\"_ _1ee\"> </span>(50<span class=\"_ _0\"></span>,290) <span class=\"_ _1a9\"> </span>(13,<span class=\"_ _0\"></span>156) <span class=\"_ _46\"> </span>260 <span class=\"_ _80\"> </span>(4,<span class=\"_ _4\"></span>168) <span class=\"_ _5d\"> </span>(67<span class=\"_ _4\"></span>,354) The f<span class=\"_ _0\"></span>ollowing e<span class=\"_ _4\"></span>xchange ra<span class=\"_ _0\"></span>tes ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e been applied during the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>.<span class=\"_ _8\"></span> A<span class=\"_ _4\"></span>ver<span class=\"_ _0\"></span>age e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change r<span class=\"_ _0\"></span>ate <span class=\"_ _13f\"> </span>Y<span class=\"_ _1\"></span>ear end spot rat<span class=\"_ _0\"></span>e<span class=\"_ _8\"></span> 2022 <span class=\"_ _b\"> </span>2021<span class=\"_ _234\"> </span>2022<span class=\"_\"> </span>2021 USD <span class=\"_ _fc\"> </span>1.0530 <span class=\"_ _19b\"> </span>1.<span class=\"_ _0\"></span>1827 <span class=\"_ _3e\"> </span>1.0666 <span class=\"_ _197\"> </span>1.1326  GBP <span class=\"_ _84\"> </span>0.8528 <span class=\"_ _28\"> </span>0.8596 <span class=\"_ _1c4\"> </span>0.8869 <span class=\"_ _9a\"> </span>0.840<span class=\"_ _0\"></span>3  RO\u039d <span class=\"_ _153\"> </span>4.9<span class=\"_ _0\"></span>313 <span class=\"_ _3b\"> </span>4.9208 <span class=\"_ _18a\"> </span>4.94<span class=\"_ _0\"></span>7<span class=\"_ _4\"></span>4 <span class=\"_ _46\"> </span>4.9481 \u0391 reasonably pos<span class=\"_ _0\"></span>sible str<span class=\"_ _0\"></span>engthening (weak<span class=\"_ _4\"></span>ening) of the EUR, USD, GBP or RON agains<span class=\"_ _0\"></span>t other currencies on 31 December w<span class=\"_ _0\"></span>ould hav<span class=\"_ _4\"></span>e affected the measurement of financial ins<span class=\"_ _0\"></span>truments denominated in a f<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>eign currenc<span class=\"_ _0\"></span>y and affected equit<span class=\"_ _0\"></span>y and profit or los<span class=\"_ _0\"></span>s by the amounts sho<span class=\"_ _4\"></span>wn below<span class=\"_ _4\"></span>. This analysis as<span class=\"_ _0\"></span>sumes that all other variables, in particular inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates, r<span class=\"_ _4\"></span>emain constant and ignores an<span class=\"_ _0\"></span>y impact of for<span class=\"_ _0\"></span>ecast sales and pur<span class=\"_ _0\"></span>chases.  Profit or loss <span class=\"_ _264\"> </span>Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _f4\"> </span>Strengthening <span class=\"_ _7c\"> </span>W<span class=\"_ _4\"></span>eakening <span class=\"_ _80\"> </span>Strengthening <span class=\"_ _80\"> </span>W<span class=\"_ _0\"></span>eak<span class=\"_ _0\"></span>ening<span class=\"_ _8\"></span>  <span class=\"_ _26\"> </span>2022  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _192\"> </span>6,250 <span class=\"_ _34\"> </span>(7<span class=\"_ _4\"></span>,639) <span class=\"_ _1f4\"> </span>17<span class=\"_ _4\"></span>,221 <span class=\"_ _44\"> </span>(21,048)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _121\"> </span>1,220 <span class=\"_ _f3\"> </span>(1,491) <span class=\"_ _174\"> </span>1,220 <span class=\"_ _19a\"> </span>(1,491)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _265\"> </span>551 <span class=\"_ _1f8\"> </span>(673) <span class=\"_ _113\"> </span>551 <span class=\"_ _8f\"> </span>(673)  <span class=\"_ _26\"> </span>2021  USD (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _1f5\"> </span>1,230 <span class=\"_ _f6\"> </span>(1,504) <span class=\"_ _13\"> </span>4,566 <span class=\"_ _1c2\"> </span>(5,580)  GBP (10% mov<span class=\"_ _4\"></span>ement in relation to EUR) <span class=\"_ _119\"> </span>1,<span class=\"_ _4\"></span>186 <span class=\"_ _f6\"> </span>(1,450) <span class=\"_ _22f\"> </span>1,<span class=\"_ _0\"></span>186 <span class=\"_ _43\"> </span>(1,450)  RON (10% mo<span class=\"_ _0\"></span>vement in r<span class=\"_ _4\"></span>elation to EUR) <span class=\"_ _266\"> </span>(24) <span class=\"_ _1f9\"> </span>29 <span class=\"_ _f8\"> </span>(2<span class=\"_ _0\"></span>4) <span class=\"_ _21f\"> </span>29b)<span class=\"_\"> </span>In<span class=\"_ _0\"></span>terest r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e risk:Exposure to int<span class=\"_ _0\"></span>erest r<span class=\"_ _0\"></span>ate risk 2022 mark<span class=\"_ _0\"></span>ed the end of a prolonged lo<span class=\"_ _4\"></span>w interest period with C<span class=\"_ _0\"></span>energy Holdings\u2019 c<span class=\"_ _0\"></span>ompanies having appr<span class=\"_ _4\"></span>ox. 19% of their debt obligations on a fix<span class=\"_ _0\"></span>ed ra<span class=\"_ _0\"></span>te basis. T<span class=\"_ _0\"></span>his was achie<span class=\"_ _4\"></span>ved by ent<span class=\"_ _0\"></span>ering fix<span class=\"_ _0\"></span>ed-r<span class=\"_ _0\"></span>ate instruments or b<span class=\"_ _4\"></span>y hedging<span class=\"_ _8\"></span> their floating ra<span class=\"_ _0\"></span>te loans with int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te sw<span class=\"_ _4\"></span>ap contracts. The int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate pr<span class=\"_ _4\"></span>ofile of Cenergy Holdings\u2019 companies\u2019 inter<span class=\"_ _0\"></span>est-bearing financial instruments, is as f<span class=\"_ _0\"></span>ollo<span class=\"_ _0\"></span>ws.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Fixed-r<span class=\"_ _4\"></span>ate instruments <span class=\"_ _267\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _208\"> </span>37<span class=\"_ _1\"></span>,601 <span class=\"_ _b1\"> </span>40,5<span class=\"_ _4\"></span>7<span class=\"_ _0\"></span>4  V<span class=\"_ _4\"></span>ariable-rate instruments <span class=\"_ _268\"> </span> <span class=\"_ _137\"> </span>  Financial liabilities <span class=\"_ _269\"> </span>567<span class=\"_ _1\"></span>,765 <span class=\"_ _a8\"> </span>353,362  Inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>waps (nominal v<span class=\"_ _0\"></span>alue<span class=\"_ _0\"></span>) <span class=\"_ _150\"> </span>(80,000) <span class=\"_ _be\"> </span>-  Net exposur<span class=\"_ _0\"></span>e to v<span class=\"_ _0\"></span>ariable-r<span class=\"_ _0\"></span>ate instruments <span class=\"_ _12d\"> </span>487<span class=\"_ _1\"></span>,765 <span class=\"_ _1ed\"> </span>353,362 Fix<span class=\"_ _0\"></span>ed-rat<span class=\"_ _0\"></span>e instruments The Gr<span class=\"_ _0\"></span>oup does not acc<span class=\"_ _0\"></span>ount any fix<span class=\"_ _4\"></span>ed-rate financial as<span class=\"_ _0\"></span>sets or liabilities at fair v<span class=\"_ _0\"></span>alue thr<span class=\"_ _0\"></span>ough profit or los<span class=\"_ _0\"></span>s.  Ther<span class=\"_ _4\"></span>efore, a change in inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates a<span class=\"_ _0\"></span>t the reporting da<span class=\"_ _0\"></span>te w<span class=\"_ _0\"></span>ould not affect either pr<span class=\"_ _0\"></span>ofit or loss or equity<span class=\"_ _1\"></span>. Cash flow s<span class=\"_ _0\"></span>ensitivity analysis f<span class=\"_ _0\"></span>or v<span class=\"_ _0\"></span>ariable-rat<span class=\"_ _0\"></span>e instruments A reasonably pos<span class=\"_ _0\"></span>sible change of 0.25% in int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t r<span class=\"_ _0\"></span>ates at the r<span class=\"_ _4\"></span>eporting date would ha<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e increased / (<span class=\"_ _4\"></span>decreased) equity and profit or los<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>y the amount shown belo<span class=\"_ _4\"></span>w<span class=\"_ _0\"></span>. The analy<span class=\"_ _0\"></span>sis assumes that all other v<span class=\"_ _4\"></span>ariables, in particular<span class=\"_ _8\"></span> for<span class=\"_ _0\"></span>eign e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change rat<span class=\"_ _0\"></span>es, r<span class=\"_ _0\"></span>emain constant.  <span class=\"_ _209\"> </span>Profit or loss &amp; Equity<span class=\"_ _1\"></span>, net of tax<span class=\"_ _d\"></span>  Amounts in EUR thousand <span class=\"_ _106\"> </span>0<span class=\"_ _0\"></span>.25% increase <span class=\"_ _e4\"> </span>0.25% decr<span class=\"_ _0\"></span>ease<span class=\"_ _d\"></span>  <span class=\"_ _26\"> </span>2022 <span class=\"_ _26a\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _142\"> </span>(721) <span class=\"_ _192\"> </span>721  <span class=\"_ _26\"> </span>2021 <span class=\"_ _26b\"> </span> <span class=\"_ _1a1\"> </span>   Financial liabilities <span class=\"_ _16a\"> </span>(1,<span class=\"_ _0\"></span>140) <span class=\"_ _1b8\"> </span>1,<span class=\"_ _0\"></span>140As described in note 23, follo<span class=\"_ _4\"></span>wing upwar<span class=\"_ _0\"></span>d pres<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es on inter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates observ<span class=\"_ _4\"></span>ed during the first semester of 2022, in Q2 2022Cener<span class=\"_ _0\"></span>gy Holdings companies s<span class=\"_ _0\"></span>tarted using int<span class=\"_ _0\"></span>eres<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te s<span class=\"_ _0\"></span>waps t<span class=\"_ _0\"></span>o offset potentially higher futur<span class=\"_ _0\"></span>e finance costs in v<span class=\"_ _4\"></span>ariable rate loans. Such deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>e not designated as hedging ins<span class=\"_ _0\"></span>truments, so their valuation is included in the analysis abo<span class=\"_ _4\"></span>ve. c) Deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>es assets and liabilities designa<span class=\"_ _0\"></span>ted as cash flo<span class=\"_ _0\"></span>w hedges  The f<span class=\"_ _0\"></span>ollowing table indicat<span class=\"_ _0\"></span>es the periods in which the cash flo<span class=\"_ _0\"></span>ws associa<span class=\"_ _0\"></span>ted with cash flo<span class=\"_ _0\"></span>w hedges ar<span class=\"_ _0\"></span>e expect<span class=\"_ _0\"></span>ed to occur:   2022 <span class=\"_ _179\"> </span>Expected cash flow<span class=\"_ _0\"></span>s<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _24c\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _e2\"> </span>2,595 <span class=\"_ _1f9\"> </span>5,805 <span class=\"_ _9d\"> </span>3,624 <span class=\"_ _9e\"> </span><span class=\"ff1a\">12,024</span>  Liabilities <span class=\"_ _de\"> </span>(9,80<span class=\"_ _4\"></span>7) <span class=\"_ _a1\"> </span>(5,338) <span class=\"_ _165\"> </span>(4,470) <span class=\"_ _20\"> </span>- <span class=\"_ _5c\"> </span><span class=\"ff1a\">(9,80<span class=\"_ _0\"></span>7) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span>  <span class=\"_ _1ed\"> </span>  <span class=\"_ _176\"> </span>  <span class=\"_ _fb\"> </span> <span class=\"_ _40\"> </span> <span class=\"_ _3a\"></span>  Assets <span class=\"_ _fd\"> </span>463 <span class=\"_ _1c4\"> </span>(78<span class=\"_ _0\"></span>7) <span class=\"_ _233\"> </span>1,250 <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls50 ws69\">463</span>  Liabilities <span class=\"_ _26d\"> </span>(956) <span class=\"_ _194\"> </span>(944) <span class=\"_ _1bf\"> </span>(13) <span class=\"_ _20\"> </span>- <span class=\"_ _9d\"> </span><span class=\"ff1a\">(956) </span> <span class=\"_ _1b1\"> </span>1,723 <span class=\"_ _9b\"> </span>(4,47<span class=\"_ _1\"></span>4) <span class=\"_ _94\"> </span>2,573 3,62<span class=\"_ _0\"></span>4 <span class=\"_ _38\"> </span>1,723 2021 <span class=\"_ _26e\"> </span>Expected cash flo<span class=\"_ _0\"></span>ws<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _f8\"> </span>Carrying Amount <span class=\"_ _9d\"> </span>1-6 months <span class=\"_ _a0\"> </span>6-<span class=\"_ _0\"></span>12 months <span class=\"_ _5c\"> </span>&gt; 1 year <span class=\"_ _63\"> </span>T<span class=\"_ _1\"></span>otal<span class=\"_ _d\"></span>  Foreign e<span class=\"_ _4\"></span>xchange forwar<span class=\"_ _0\"></span>ds <span class=\"_ _26c\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _d8\"> </span>536 <span class=\"_ _41\"> </span>536 <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _44\"> </span><span class=\"ff1a ls85 ws6d\">53<span class=\"_ _8\"></span>6</span>  Liabilities <span class=\"_ _243\"> </span>(1,14<span class=\"_ _0\"></span>1) <span class=\"_ _194\"> </span>(1,141) <span class=\"_ _b3\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _22\"> </span><span class=\"ff1a\">(1,14<span class=\"_ _0\"></span>1) </span> Future contr<span class=\"_ _0\"></span>acts <span class=\"_ _140\"> </span> <span class=\"_ _b3\"> </span> <span class=\"_ _b5\"> </span> <span class=\"_ _1c4\"> </span> <span class=\"_ _40\"> </span>  Assets <span class=\"_ _1b0\"> </span>- <span class=\"_ _1ad\"> </span>- <span class=\"_ _12e\"> </span>- <span class=\"_ _18b\"> </span>- <span class=\"_ _18b\"> </span><span class=\"ff1a\">-</span>  Liabilities <span class=\"_ _26f\"> </span>(1,<span class=\"_ _0\"></span>199) <span class=\"_ _20\"> </span>(1,213) <span class=\"_ _13f\"> </span>14 <span class=\"_ _20\"> </span>- <span class=\"_ _4e\"> </span><span class=\"ff1a\">(1,199) </span> <span class=\"_ _270\"> </span>(1,804) <span class=\"_ _193\"> </span>(1,818) <span class=\"_ _28\"> </span>14 <span class=\"_ _4e\"> </span>- (1,804) The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides information about the it<span class=\"_ _0\"></span>ems designated as cash flo<span class=\"_ _0\"></span>w hedging instruments during the y<span class=\"_ _4\"></span>ear<span class=\"_ _8\"></span> and on 31 December 2022 and the r<span class=\"_ _4\"></span>econciliation of the amounts included in the hedging reserv<span class=\"_ _0\"></span>e.  <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _271\"> </span> <span class=\"_ _11e\"> </span> <span class=\"_ _272\"> </span> Amounts in EUR thousands <span class=\"_ _fe\"> </span>     Nominal Amount        Carrying amount Assets <span class=\"_ _2c\"> </span>Liabilities<span class=\"_ _d\"></span> Line it<span class=\"_ _0\"></span>em in the statement of financial position where the hedging instrument is include     Balanc<span class=\"_ _0\"></span>e on 1 January 2022  Changes in the v<span class=\"_ _0\"></span>alue of the hedging instrument recognised in OCI Amount<span class=\"_ _d\"></span> reclassified from hedging reserve to pr<span class=\"_ _0\"></span>ofit or loss Effect<span class=\"_ _d\"></span> of<span class=\"_ _d\"></span> mov<span class=\"_ _0\"></span>ement in e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>change ra<span class=\"_ _0\"></span>tes Balance<span class=\"_ _8\"></span> on 31<span class=\"_ _d\"></span> Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> 2022 <span class=\"_ _186\"> </span> Forw<span class=\"_ _0\"></span>ard f<span class=\"_ _0\"></span>oreign <span class=\"_ _10c\"> </span> ex<span class=\"_ _4\"></span>change contracts <span class=\"_ _113\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span>  <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> 113,<span class=\"_ _0\"></span>141 <span class=\"_ _12\"> </span>12,02<span class=\"_ _0\"></span>4 <span class=\"_ _76\"> </span>(9,807) Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (605) <span class=\"_ _1c0\"> </span>756 <span class=\"_ _5e\"> </span>1,602 <span class=\"_ _89\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _64\"> </span><span class=\"ff1a\">2,216</span>  <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _64\"> </span> <span class=\"_ _186\"> </span> <span class=\"_ _33\"> </span> <span class=\"_ _28\"> </span> <span class=\"_ _71\"> </span> Future c<span class=\"_ _0\"></span>ontracts <span class=\"_ _a6\"> </span>81,339 <span class=\"_ _99\"> </span>463 <span class=\"_ _99\"> </span>(956) <span class=\"_ _61\"> </span>Derivativ<span class=\"_ _0\"></span>es - Assets &amp;  (Liabilities)  (1,<span class=\"_ _0\"></span>199) <span class=\"_ _4a\"> </span>1,<span class=\"_ _4\"></span>199 <span class=\"_ _94\"> </span>(493) <span class=\"_ _3b\"> </span>- <span class=\"_ _99\"> </span><span class=\"ff1a ls50 ws69\">(493<span class=\"_ _8\"></span>)</span>  <span class=\"_ _273\"> </span>194,480 <span class=\"_ _d\"></span>12,487 (10<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>64) <span class=\"_ _1bd\"> </span> <span class=\"_ _2d\"> </span>(1,804) <span class=\"_ _a2\"> </span>1,955 <span class=\"_ _98\"> </span>1,<span class=\"_ _4\"></span>109 <span class=\"_ _5c\"> </span>46<span class=\"_ _0\"></span>3 <span class=\"_ _dc\"> </span>1,723<span class=\"ws1\"> </span>d) Commodity price risk The c<span class=\"_ _0\"></span>ommodity mark<span class=\"_ _0\"></span>ets hav<span class=\"_ _4\"></span>e experienced and ar<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xpected to c<span class=\"_ _0\"></span>ontinue to e<span class=\"_ _4\"></span>xperience price fluctuations. Cener<span class=\"_ _0\"></span>gy Holdings subsidiaries hav<span class=\"_ _4\"></span>e exposure t<span class=\"_ _0\"></span>o steel, aluminium, c<span class=\"_ _0\"></span>opper and lead. T<span class=\"_ _0\"></span>hey ther<span class=\"_ _4\"></span>efore use, when possible<span class=\"_ _0\"></span>, futures contr<span class=\"_ _0\"></span>acts to minimiz<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>xposure t<span class=\"_ _0\"></span>o commodity pric<span class=\"_ _0\"></span>e v<span class=\"_ _0\"></span>olatility<span class=\"_ _1\"></span>. Subsidiaries in the cables segment use back-to-back matching of pur<span class=\"_ _0\"></span>chases and sales, or deriv<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e instruments (futur<span class=\"_ _0\"></span>e contr<span class=\"_ _4\"></span>acts) in order to minimiz<span class=\"_ _0\"></span>e the effect of the metal price fluctuations on their r<span class=\"_ _0\"></span>esults. On 31 December 2022, the net deriv<span class=\"_ _4\"></span>ative balance per c<span class=\"_ _0\"></span>ommodity was:   Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Aluminium - Long / (short) position <span class=\"_ _130\"> </span>(395) <span class=\"_ _114\"> </span>373  Copper - Long / (short) position <span class=\"_ _274\"> </span>(59) <span class=\"_ _af\"> </span>(1,548)  Lead - Long / (short) position <span class=\"_ _a4\"> </span>(39) <span class=\"_ _107\"> </span>(25) T<span class=\"_ _1\"></span>otal <span class=\"_ _229\"> </span>(49<span class=\"_ _0\"></span>3) (1,<span class=\"_ _0\"></span>199) These hedges ar<span class=\"_ _0\"></span>e designat<span class=\"_ _0\"></span>ed as cash flow hedge ac<span class=\"_ _0\"></span>counting. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-411-3": {
   "value": "31. List of subsidiaries The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s subsidiaries and the inter<span class=\"_ _4\"></span>est held at the end of the reporting period ar<span class=\"_ _0\"></span>e as follo<span class=\"_ _0\"></span>ws:  <span class=\"_ _1ee\"> </span> Subsidiaries <span class=\"_ _1f3\"> </span>Country of incorpora<span class=\"_ _0\"></span>tion Direct &amp; indirect interest 20<span class=\"_ _0\"></span>22 Direct &amp; indirect<span class=\"_ _8\"></span> <span class=\"_ _3a\"></span> interest 2021<span class=\"_ _8\"></span>  CORINTH PIPEW<span class=\"_ _0\"></span>ORKS S.A. <span class=\"_ _253\"> </span>GREECE <span class=\"_ _275\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  CPW AMERICA CO <span class=\"_ _276\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  HUMBEL L<span class=\"_ _1\"></span>TD <span class=\"_ _20c\"> </span>CYPRUS <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.00% <span class=\"_ _d9\"> </span>100.00%  W<span class=\"_ _4\"></span>ARSA<span class=\"_ _1\"></span>W TUBULAR TRADING SP<span class=\"_ _4\"></span>. ZOO<span class=\"_ _0\"></span>. <span class=\"_ _1a9\"> </span>POLAND <span class=\"_ _198\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  FUL<span class=\"_ _0\"></span>GOR S.A. <span class=\"_ _20c\"> </span>GREECE <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.00% <span class=\"_ _d9\"> </span>100.00%  ICME ECAB S.A. <span class=\"_ _26c\"> </span>ROMANIA <span class=\"_ _198\"> </span>99.98% <span class=\"_ _12e\"> </span>99.98%  LESCO OOD <span class=\"_ _f5\"> </span>BULGARIA <span class=\"_ _278\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  LESCO ROMANIA S.A. <span class=\"_ _119\"> </span>ROMANIA <span class=\"_ _23e\"> </span>65.00% <span class=\"_ _221\"> </span>65.00%  DE LAIRE L<span class=\"_ _1\"></span>TD <span class=\"_ _185\"> </span>CYPRUS <span class=\"_ _275\"> </span>100.00% <span class=\"_ _13f\"> </span>100<span class=\"_ _0\"></span>.00%  HELLENIC CABLES S.A.   HELLENIC CABLE INDUSTR<span class=\"_ _0\"></span>Y S.A. <span class=\"_ _1f2\"> </span>GREECE <span class=\"_ _275\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  HELLENIC CABLES TRADING CO <span class=\"_ _41\"> </span>USA <span class=\"_ _277\"> </span>100.00% <span class=\"_ _d9\"> </span>100.00%  HELLENIC CABLES AMERICAS C<span class=\"_ _0\"></span>O <span class=\"_ _18a\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _d9\"> </span>100.00%  SP<span class=\"_ _4\"></span>ARROW<span class=\"_ _0\"></span>S POINT PROPERTIES   HOLDINGS LL<span class=\"_ _0\"></span>C <span class=\"_ _279\"> </span>USA <span class=\"_ _277\"> </span>100.<span class=\"_ _0\"></span>00% <span class=\"_ _121\"> </span>-  SP<span class=\"_ _4\"></span>ARROW<span class=\"_ _0\"></span>S POINT PROPERTIES LL<span class=\"_ _4\"></span>C <span class=\"_ _1a2\"> </span>USA <span class=\"_ _277\"> </span>100.00% <span class=\"_ _121\"> </span>-  CPW SOLAR S.A. <span class=\"_ _25d\"> </span>GREECE <span class=\"_ _275\"> </span>100.00% <span class=\"_ _121\"> </span>-  CPW WIND S.A. <span class=\"_ _26c\"> </span>GREECE <span class=\"_ _275\"> </span>100<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>00% <span class=\"_ _27a\"> </span>- For all the abo<span class=\"_ _4\"></span>ve entities, Cener<span class=\"_ _0\"></span>gy Holdings S.A. does ex<span class=\"_ _4\"></span>ercise contr<span class=\"_ _0\"></span>ol dir<span class=\"_ _0\"></span>ectly and/<span class=\"_ _1\"></span>or indirectly<span class=\"_ _4\"></span>. On January 6, 2022, the subsidiary C-Ener<span class=\"_ _0\"></span>gy Americas Co<span class=\"_ _0\"></span>. was r<span class=\"_ _4\"></span>enamed to Hellenic Cables Americas Co.  During 2022, the follo<span class=\"_ _0\"></span>wing subsidiaries w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e established:  \u2022 <span class=\"_ _23\"> </span>Hellenic Cables Americas C<span class=\"_ _0\"></span>o. es<span class=\"_ _0\"></span>tablished tw<span class=\"_ _0\"></span>o new subsidiaries in the US<span class=\"_ _0\"></span>A, SP<span class=\"_ _4\"></span>ARRO<span class=\"_ _0\"></span>WS POINT PR<span class=\"_ _0\"></span>OPERTIES HOLDINGS LL<span class=\"_ _0\"></span>C and SP<span class=\"_ _4\"></span>ARRO<span class=\"_ _0\"></span>W<span class=\"_ _0\"></span>S POINT PROPERTIES LL<span class=\"_ _4\"></span>C., to support the construction of a submarine cables factory in the US<span class=\"_ _0\"></span>A. \u2022 <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>orinth Pipew<span class=\"_ _4\"></span>orks S.A. established two ne<span class=\"_ _0\"></span>w subsidiaries in Gr<span class=\"_ _0\"></span>eece, CP<span class=\"_ _0\"></span>W SOLAR S.A. and CPW WIND S.A to support future in<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>estment plans, without a final decision y<span class=\"_ _4\"></span>et in place. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-418-4": {
   "value": "32. Joint opera<span class=\"_ _0\"></span>tions Hellenic Cables has a 62.48% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, which was set up as a partnership together with V<span class=\"_ _1\"></span>an Oord. The scope of this joint oper<span class=\"_ _4\"></span>ation scheme is to supply and install sea and land cables for the Hollandse K<span class=\"_ _0\"></span>ust (South) Alpha pr<span class=\"_ _0\"></span>oject and Hollandse Kus<span class=\"_ _0\"></span>t (South) Beta project. T<span class=\"_ _0\"></span>he principal place of business of the joint oper<span class=\"_ _0\"></span>ation is in the Netherlands. Hellenic Cables has a 50.<span class=\"_ _0\"></span>77% inter<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _4\"></span>angement called DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., which<span class=\"_ _8\"></span> was set up as a partnership t<span class=\"_ _0\"></span>ogether with T<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. The scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>y contr<span class=\"_ _0\"></span>act for the supply and installa<span class=\"_ _0\"></span>tion of submarine cables for the c<span class=\"_ _0\"></span>onnection of the Seamade offshore wind project t<span class=\"_ _0\"></span>o the Belgian grid. The principal plac<span class=\"_ _0\"></span>e of business of the joint oper<span class=\"_ _0\"></span>ation is in Belgium. Fulgor has a 10.<span class=\"_ _0\"></span>00% inter<span class=\"_ _4\"></span>est in a joint arrangement called Fulgor \u2013 JDN Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Jan De Nul. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the installation of submarine cables for the int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>connection Cr<span class=\"_ _0\"></span>ete-Peloponnese in Gr<span class=\"_ _4\"></span>eece. The principal plac<span class=\"_ _0\"></span>e of business of this joint oper<span class=\"_ _0\"></span>ation is in Gr<span class=\"_ _0\"></span>eece. Fulgor has a 70<span class=\"_ _0\"></span>.27% int<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>est in a joint arr<span class=\"_ _0\"></span>angement called Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea Lt<span class=\"_ _0\"></span>d Consortium, which w<span class=\"_ _0\"></span>as set up as a partnership together with Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td. T<span class=\"_ _0\"></span>he scope of this joint oper<span class=\"_ _0\"></span>ation scheme is to e<span class=\"_ _4\"></span>xecute a turnk<span class=\"_ _4\"></span>ey contr<span class=\"_ _0\"></span>act for the design, manuf<span class=\"_ _0\"></span>acturing, supply and installation of the 150 kV submarine cable s<span class=\"_ _0\"></span>yst<span class=\"_ _0\"></span>em connecting the under construction 330 MW K<span class=\"_ _0\"></span>afireas II W<span class=\"_ _0\"></span>ind F<span class=\"_ _0\"></span>arm to Gr<span class=\"_ _4\"></span>eece\u2019s mainland grid. T<span class=\"_ _0\"></span>he principal place of business of this joint operation is in Gr<span class=\"_ _4\"></span>eece. The abo<span class=\"_ _4\"></span>ve joint operations w<span class=\"_ _4\"></span>ere formed during prior y<span class=\"_ _0\"></span>ears. The agr<span class=\"_ _0\"></span>eements in r<span class=\"_ _0\"></span>elation to the V<span class=\"_ _4\"></span>O Cablel VOF<span class=\"_ _1\"></span>, DEME Offshore NL - Hellenic Cables V<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>O<span class=\"_ _4\"></span>.F<span class=\"_ _4\"></span>., Fulgor \u2013 JDN<span class=\"_ _8\"></span> Consortium and Fulgor \u2013 Asso<span class=\"_ _0\"></span>.subsea L<span class=\"_ _0\"></span>td Consortium r<span class=\"_ _4\"></span>equire unanimous consent fr<span class=\"_ _0\"></span>om all parties for all r<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>vant activities. The tw<span class=\"_ _4\"></span>o partners have dir<span class=\"_ _0\"></span>ect rights to the as<span class=\"_ _0\"></span>sets of the partnership and ar<span class=\"_ _0\"></span>e jointly and sev<span class=\"_ _4\"></span>erally liable for the liabilities incurred b<span class=\"_ _4\"></span>y the partnership. These entities are ther<span class=\"_ _4\"></span>efore classified as joint oper<span class=\"_ _0\"></span>ations and the Gr<span class=\"_ _0\"></span>oup rec<span class=\"_ _0\"></span>ognises its dir<span class=\"_ _0\"></span>ect right to the jointly held assets, liabilities, r<span class=\"_ _4\"></span>evenues and e<span class=\"_ _4\"></span>xpenses as described in note 5.<span class=\"_ _0\"></span>1(g). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-420-2": {
   "value": "33. Commitments A. Purchase commitments Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e entered into c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o their inv<span class=\"_ _4\"></span>estment plans, which are e<span class=\"_ _0\"></span>xpected to be concluded during the ne<span class=\"_ _4\"></span>xt year<span class=\"_ _4\"></span>.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Property<span class=\"_ _1\"></span>, plant and equipment <span class=\"_ _15f\"> </span>24,060 <span class=\"_ _c9\"> </span>6,851 B. Guarant<span class=\"_ _0\"></span>ees   <span class=\"_ _68\"> </span>A<span class=\"_ _4\"></span>t 31 December<span class=\"_ _d\"></span> <span class=\"_ _1\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Guarant<span class=\"_ _0\"></span>ees for securing liabilities to suppliers <span class=\"_ _27b\"> </span>12,932 <span class=\"_ _111\"> </span>3,414  Guarant<span class=\"_ _0\"></span>ees for securing the good performanc<span class=\"_ _0\"></span>e of contr<span class=\"_ _0\"></span>acts with customers <span class=\"_ _1f1\"> </span>502,038 <span class=\"_ _c0\"> </span>231,506  Guarant<span class=\"_ _0\"></span>ees for securing gr<span class=\"_ _0\"></span>ants <span class=\"_ _27c\"> </span>4,356 <span class=\"_ _b7\"> </span>9,5<span class=\"_ _0\"></span>73 34. Contingent liabilities A. Litigations &amp; administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>views Regar<span class=\"_ _0\"></span>ding Corinth Pipe<span class=\"_ _0\"></span>works\u2019 e<span class=\"_ _4\"></span>xports of large diameter w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) to the US f<span class=\"_ _0\"></span>or the periods April 2020 - April 2021 and April 2021 - April 2022, additionaladminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>ere<span class=\"_ _4\"></span>views fr<span class=\"_ _0\"></span>om the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) are e<span class=\"_ _4\"></span>xpected. \u039do pro<span class=\"_ _0\"></span>vision has been r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in r<span class=\"_ _0\"></span>espect to these administr<span class=\"_ _4\"></span>ativer<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws due to the follo<span class=\"_ _0\"></span>wing facts:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2020 - April 2021 there w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e no sales to the US subject to antidumping duties; thus, no additional chargeis e<span class=\"_ _4\"></span>xpected for that period.  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2021 - April 2022 sales to the US subject to antidumping duties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e not material. T<span class=\"_ _0\"></span>he outcome of such adminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>view is consider<span class=\"_ _0\"></span>ed as highly v<span class=\"_ _0\"></span>olatile and har<span class=\"_ _0\"></span>d to pr<span class=\"_ _0\"></span>edict, thus the amount of any arising liability cannot be r<span class=\"_ _0\"></span>easonably estimat<span class=\"_ _0\"></span>ed. B. Contingent tax liabilities The tax filings of the subsidiaries ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>outinely subjected t<span class=\"_ _0\"></span>o audit by the tax authorities in mos<span class=\"_ _0\"></span>t of the jurisdictions in which Cener<span class=\"_ _0\"></span>gy Holdings conduct business. T<span class=\"_ _0\"></span>hese audits ma<span class=\"_ _0\"></span>y result in as<span class=\"_ _0\"></span>sessments of additional tax<span class=\"_ _0\"></span>es. Cener<span class=\"_ _4\"></span>gy<span class=\"_ _8\"></span> Holdings pro<span class=\"_ _4\"></span>vide for additional tax in relation t<span class=\"_ _0\"></span>o the outcome of such tax as<span class=\"_ _0\"></span>sessments at the amount e<span class=\"_ _4\"></span>xpected to be settled (<span class=\"_ _0\"></span>or rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed). Cener<span class=\"_ _0\"></span>gy Holdings believ<span class=\"_ _4\"></span>e that its accruals for tax liabilities ar<span class=\"_ _0\"></span>e adequate f<span class=\"_ _0\"></span>or all open tax y<span class=\"_ _0\"></span>ears based on its assessment of underlying f<span class=\"_ _0\"></span>actors, including int<span class=\"_ _0\"></span>erpretations of tax la<span class=\"_ _4\"></span>w and prior experience. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-420-3": {
   "value": "33. Commitments A. Purchase commitments Cener<span class=\"_ _0\"></span>gy Holdings\u2019 subsidiaries hav<span class=\"_ _4\"></span>e entered into c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts acc<span class=\"_ _0\"></span>ording t<span class=\"_ _0\"></span>o their inv<span class=\"_ _4\"></span>estment plans, which are e<span class=\"_ _0\"></span>xpected to be concluded during the ne<span class=\"_ _4\"></span>xt year<span class=\"_ _4\"></span>.  <span class=\"_ _143\"> </span>At 31 Dec<span class=\"_ _0\"></span>ember<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Property<span class=\"_ _1\"></span>, plant and equipment <span class=\"_ _15f\"> </span>24,060 <span class=\"_ _c9\"> </span>6,851 B. Guarant<span class=\"_ _0\"></span>ees   <span class=\"_ _68\"> </span>A<span class=\"_ _4\"></span>t 31 December<span class=\"_ _d\"></span> <span class=\"_ _1\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Guarant<span class=\"_ _0\"></span>ees for securing liabilities to suppliers <span class=\"_ _27b\"> </span>12,932 <span class=\"_ _111\"> </span>3,414  Guarant<span class=\"_ _0\"></span>ees for securing the good performanc<span class=\"_ _0\"></span>e of contr<span class=\"_ _0\"></span>acts with customers <span class=\"_ _1f1\"> </span>502,038 <span class=\"_ _c0\"> </span>231,506  Guarant<span class=\"_ _0\"></span>ees for securing gr<span class=\"_ _0\"></span>ants <span class=\"_ _27c\"> </span>4,356 <span class=\"_ _b7\"> </span>9,5<span class=\"_ _0\"></span>73 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-421-4": {
   "value": "34. Contingent liabilities A. Litigations &amp; administr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>views Regar<span class=\"_ _0\"></span>ding Corinth Pipe<span class=\"_ _0\"></span>works\u2019 e<span class=\"_ _4\"></span>xports of large diameter w<span class=\"_ _0\"></span>elded pipe (LD<span class=\"_ _0\"></span>WP) to the US f<span class=\"_ _0\"></span>or the periods April 2020 - April 2021 and April 2021 - April 2022, additionaladminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>ere<span class=\"_ _4\"></span>views fr<span class=\"_ _0\"></span>om the US Department of Commer<span class=\"_ _0\"></span>ce (DoC) are e<span class=\"_ _4\"></span>xpected. \u039do pro<span class=\"_ _0\"></span>vision has been r<span class=\"_ _0\"></span>ecor<span class=\"_ _0\"></span>ded in r<span class=\"_ _0\"></span>espect to these administr<span class=\"_ _4\"></span>ativer<span class=\"_ _0\"></span>evie<span class=\"_ _4\"></span>ws due to the follo<span class=\"_ _0\"></span>wing facts:  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2020 - April 2021 there w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e no sales to the US subject to antidumping duties; thus, no additional chargeis e<span class=\"_ _4\"></span>xpected for that period.  \u2022 <span class=\"_ _23\"> </span>F<span class=\"_ _4\"></span>or the period April 2021 - April 2022 sales to the US subject to antidumping duties w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e not material. T<span class=\"_ _0\"></span>he outcome of such adminis<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e re<span class=\"_ _4\"></span>view is consider<span class=\"_ _0\"></span>ed as highly v<span class=\"_ _0\"></span>olatile and har<span class=\"_ _0\"></span>d to pr<span class=\"_ _0\"></span>edict, thus the amount of any arising liability cannot be r<span class=\"_ _0\"></span>easonably estimat<span class=\"_ _0\"></span>ed. B. Contingent tax liabilities The tax filings of the subsidiaries ar<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>outinely subjected t<span class=\"_ _0\"></span>o audit by the tax authorities in mos<span class=\"_ _0\"></span>t of the jurisdictions in which Cener<span class=\"_ _0\"></span>gy Holdings conduct business. T<span class=\"_ _0\"></span>hese audits ma<span class=\"_ _0\"></span>y result in as<span class=\"_ _0\"></span>sessments of additional tax<span class=\"_ _0\"></span>es. Cener<span class=\"_ _4\"></span>gy<span class=\"_ _8\"></span> Holdings pro<span class=\"_ _4\"></span>vide for additional tax in relation t<span class=\"_ _0\"></span>o the outcome of such tax as<span class=\"_ _0\"></span>sessments at the amount e<span class=\"_ _4\"></span>xpected to be settled (<span class=\"_ _0\"></span>or rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ed). Cener<span class=\"_ _0\"></span>gy Holdings believ<span class=\"_ _4\"></span>e that its accruals for tax liabilities ar<span class=\"_ _0\"></span>e adequate f<span class=\"_ _0\"></span>or all open tax y<span class=\"_ _0\"></span>ears based on its assessment of underlying f<span class=\"_ _0\"></span>actors, including int<span class=\"_ _0\"></span>erpretations of tax la<span class=\"_ _4\"></span>w and prior experience. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-424-3": {
   "value": "B. Ke<span class=\"_ _4\"></span>y management personnel compensation The table belo<span class=\"_ _0\"></span>w pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>vides an o<span class=\"_ _0\"></span>vervie<span class=\"_ _4\"></span>w of the transactions with Board members and e<span class=\"_ _4\"></span>xecutiv<span class=\"_ _0\"></span>e management.  <span class=\"_ _100\"> </span>For the y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span> <span class=\"_ _4\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  Compensation to BoD members and e<span class=\"_ _4\"></span>xecutives <span class=\"_ _7f\"> </span>1,285 <span class=\"_ _b7\"> </span>1,060 The c<span class=\"_ _0\"></span>ompensation to dir<span class=\"_ _0\"></span>ectors and e<span class=\"_ _4\"></span>xecutiv<span class=\"_ _0\"></span>e management in the table abo<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e is fix<span class=\"_ _0\"></span>ed. No variable c<span class=\"_ _0\"></span>ompensation, post-emplo<span class=\"_ _0\"></span>yment benefits or shar<span class=\"_ _0\"></span>e based benefits wer<span class=\"_ _4\"></span>e paid.<span class=\"_ _8\"></span>  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:549300P50MFNOHG4U221",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "pp-value-425-2": {
   "value": "36. Audit<span class=\"_ _0\"></span>or<span class=\"_ _8\"></span>\u2019s fees The Compan<span class=\"_ _0\"></span>y\u2019<span class=\"_ _0\"></span>s statut<span class=\"_ _0\"></span>ory auditor (PwC Re<span class=\"_ _0\"></span>viseurs d\u2019Entr<span class=\"_ _0\"></span>eprises SRL / Bedrijfsr<span class=\"_ _0\"></span>evisor<span class=\"_ _4\"></span>en BV) and a number of other<span class=\"_ _8\"></span> member firms of the auditor\u2019s netw<span class=\"_ _0\"></span>ork, r<span class=\"_ _0\"></span>eceiv<span class=\"_ _0\"></span>ed fees f<span class=\"_ _0\"></span>or the follo<span class=\"_ _0\"></span>wing services:  <span class=\"_ _286\"> </span>For y<span class=\"_ _0\"></span>ear ended 31 December<span class=\"_ _8\"></span>  Amounts in EUR thousand <span class=\"_ _135\"> </span>2022 <span class=\"_ _bc\"> </span>2021<span class=\"_ _8\"></span>  PwC Reviseurs d\u2019Entr<span class=\"_ _0\"></span>eprises SRL / Bedrijfsre<span class=\"_ _0\"></span>visoren B<span class=\"_ _0\"></span>V <span class=\"_ _171\"> </span> <span class=\"_ _137\"> </span>  Audit <span class=\"_ _287\"> </span>112 <span class=\"_ _109\"> </span>105 Audit rela<span class=\"_ _0\"></span>ted services <span class=\"_ _14d\"> </span>16 <span class=\"_ _14f\"> </span>22 <span class=\"_ _cf\"> </span>128 126  PwC Network <span class=\"_ _288\"> </span>   Audit <span class=\"_ _289\"> </span>304 <span class=\"_ _d0\"> </span>284 T<span class=\"_ _1\"></span>ax related servic<span class=\"_ _0\"></span>es <span class=\"_ _223\"> </span>93 <span class=\"_ _103\"> </span>136 Other services <span class=\"_ _28a\"> </span>-  <span class=\"_ _c6\"> </span>4 <span class=\"_ _28b\"> </span><span class=\"ls50 ws69\">397</span> <span class=\"_ _147\"> </span><span class=\"lse5 ws6b\">424</span> T<span class=\"_ _1\"></span>otal 525<span class=\"ws1\"> <span class=\"_ _109\"> </span>551</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "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"
   }
  }
 }
}