{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"B2I": "http://b2-impact.com/2023-12-31",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"http://b2-impact.com/2023-12-31/B2ImpactASA-2023-12-31.xsd"
]
},
"facts": {
"s9_notes__6__5": {
"value": "On September 29 we announced our new company name and brand, B2 Impact. \u201cOperate as One\u201d is one of the key elements of our strategy to increase operational, commercial, financial and cultural alignment across the Group. The new brand will be rolled out in all core markets during 2024 to increase recognition across our markets and strengthen both our internal culture and our commercial activities.",
"dimensions": {
"concept": "ifrs-full:ExplanationOfChangeInNameOfReportingEntityOrOtherMeansOfIdentificationFromEndOfPrecedingReportingPeriod",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"f11168": {
"value": "2473000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:RevenueFromInterestAcquiredLoanPortfolios",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11172": {
"value": "2133000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:RevenueFromInterestAcquiredLoanPortfolios",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11180": {
"value": "366000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnFinancialAssetsAtAmortisedCost",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11183": {
"value": "129000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnFinancialAssetsAtAmortisedCost",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11194": {
"value": "222000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11197": {
"value": "100000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11205": {
"value": "499000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:IncomeFromSaleOfCollateralAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11208": {
"value": "581000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:IncomeFromSaleOfCollateralAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11216": {
"value": "568000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherRevenue",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11219": {
"value": "534000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherRevenue",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11226": {
"value": "4129000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RevenueAndOperatingIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11230": {
"value": "3477000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RevenueAndOperatingIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11238": {
"value": "533000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ServicesExpense",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11241": {
"value": "422000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ServicesExpense",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11248": {
"value": "1027000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11251": {
"value": "900000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11259": {
"value": "532000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11262": {
"value": "551000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11269": {
"value": "353000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:CostOfCollateralAssetsSoldIncludingImpairment",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11272": {
"value": "392000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:CostOfCollateralAssetsSoldIncludingImpairment",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11279": {
"value": "95000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11282": {
"value": "83000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DepreciationAndAmortisationExpense",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11289": {
"value": "11000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11292": {
"value": "100000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11298": {
"value": "1578000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11301": {
"value": "1029000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11306": {
"value": "26000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11310": {
"value": "6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11315": {
"value": "1124000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11318": {
"value": "588000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11324": {
"value": "-12000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11327": {
"value": "-25000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11332": {
"value": "-1110000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11335": {
"value": "-607000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11340": {
"value": "468000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11343": {
"value": "421000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11350": {
"value": "105000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11353": {
"value": "95000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11357": {
"value": "363000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11360": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11369": {
"value": "363000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11372": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11378": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11381": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11389": {
"value": "0.94",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f11392": {
"value": "0.82",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f11398": {
"value": "0.94",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f11401": {
"value": "0.82",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f11465": {
"value": "363000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11468": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11480": {
"value": "428000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11484": {
"value": "226000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11493": {
"value": "-150000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11497": {
"value": "9000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxHedgesOfNetInvestmentsInForeignOperations",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11505": {
"value": "-146000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxCashFlowHedges",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11513": {
"value": "-74000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11518": {
"value": "206000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11521": {
"value": "234000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11527": {
"value": "569000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11530": {
"value": "561000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11541": {
"value": "569000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11545": {
"value": "561000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11551": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11554": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11607": {
"value": "389000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11611": {
"value": "303000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11617": {
"value": "769000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11621": {
"value": "731000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11629": {
"value": "365000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:IntangibleAssetsOtherThanGoodwillAndPropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11632": {
"value": "320000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:IntangibleAssetsOtherThanGoodwillAndPropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11641": {
"value": "781000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11645": {
"value": "690000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11652": {
"value": "11542000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:NonCurrentAcquiredLoanPortfolios",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11655": {
"value": "11181000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:NonCurrentAcquiredLoanPortfolios",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11662": {
"value": "372000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11666": {
"value": "414000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11672": {
"value": "14218000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11675": {
"value": "13638000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11681": {
"value": "50000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssetsCurrent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11685": {
"value": "51000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxAssetsCurrent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11692": {
"value": "317000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11695": {
"value": "340000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11702": {
"value": "1339000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:CurrentCollateralAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11705": {
"value": "1294000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:CurrentCollateralAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11712": {
"value": "1404000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11715": {
"value": "1176000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11721": {
"value": "3111000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11724": {
"value": "2861000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11729": {
"value": "17328000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11732": {
"value": "16500000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11739": {
"value": "39000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11742": {
"value": "40000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11749": {
"value": "2844000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdditionalPaidinCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11752": {
"value": "2844000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdditionalPaidinCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11759": {
"value": "43000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:MiscellaneousOtherReserves",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11762": {
"value": "40000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:MiscellaneousOtherReserves",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11770": {
"value": "743000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11774": {
"value": "465000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11782": {
"value": "1918000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11786": {
"value": "1828000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11793": {
"value": "5587000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11796": {
"value": "5216000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11803": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11806": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11811": {
"value": "5588000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11814": {
"value": "5217000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11826": {
"value": "430000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11830": {
"value": "275000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11838": {
"value": "7970000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11842": {
"value": "8885000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11850": {
"value": "256000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11854": {
"value": "133000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11859": {
"value": "8655000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11862": {
"value": "9294000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11871": {
"value": "2245000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11874": {
"value": "1201000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ShorttermBorrowings",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11882": {
"value": "225000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:BankOverdraftsClassifiedAsCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11885": {
"value": "131000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:BankOverdraftsClassifiedAsCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11894": {
"value": "174000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11898": {
"value": "209000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11905": {
"value": "29000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11909": {
"value": "51000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11918": {
"value": "411000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11922": {
"value": "396000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11928": {
"value": "3085000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11931": {
"value": "1989000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11936": {
"value": "17328000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f11939": {
"value": "16500000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12091": {
"value": "41000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12095": {
"value": "2843000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12098": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12102": {
"value": "59000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember",
"unit": "iso4217:NOK"
}
},
"f12105": {
"value": "22000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12108": {
"value": "209000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12111": {
"value": "1818000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12114": {
"value": "4992000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12118": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12122": {
"value": "4993000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12129": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12132": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12135": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12139": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12145": {
"value": "9000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12149": {
"value": "226000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12152": {
"value": "234000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12155": {
"value": "234000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12161": {
"value": "9000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12164": {
"value": "226000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12167": {
"value": "326000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12170": {
"value": "561000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12173": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12176": {
"value": "561000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12183": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12186": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12189": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12192": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12200": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12205": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12210": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12213": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12221": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12226": {
"value": "172000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12229": {
"value": "175000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12232": {
"value": "175000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12240": {
"value": "6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember",
"unit": "iso4217:NOK"
}
},
"f12243": {
"value": "6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12246": {
"value": "6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12252": {
"value": "-25000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:IncreaseDecreaseThroughTransfersOfOtherRestrictedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember",
"unit": "iso4217:NOK"
}
},
"f12257": {
"value": "25000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:IncreaseDecreaseThroughTransfersOfOtherRestrictedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12262": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "B2I:IncreaseDecreaseThroughTransfersOfOtherRestrictedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12266": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "B2I:IncreaseDecreaseThroughTransfersOfOtherRestrictedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12274": {
"value": "168000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12277": {
"value": "168000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12280": {
"value": "168000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12287": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12291": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12294": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12298": {
"value": "40000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12301": {
"value": "2844000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12305": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12308": {
"value": "40000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember",
"unit": "iso4217:NOK"
}
},
"f12312": {
"value": "31000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12315": {
"value": "434000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12318": {
"value": "1829000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12321": {
"value": "5216000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12324": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12327": {
"value": "5217000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12334": {
"value": "363000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12337": {
"value": "363000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12341": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12345": {
"value": "363000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12351": {
"value": "-146000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:NOK"
}
},
"f12354": {
"value": "-150000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12358": {
"value": "428000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12362": {
"value": "74000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12366": {
"value": "206000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12369": {
"value": "206000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12375": {
"value": "-146000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:NOK"
}
},
"f12378": {
"value": "-150000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12382": {
"value": "428000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12386": {
"value": "437000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12389": {
"value": "569000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12392": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12395": {
"value": "569000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12402": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12407": {
"value": "-1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12410": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12413": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12422": {
"value": "2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12427": {
"value": "121000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12430": {
"value": "123000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12433": {
"value": "123000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12440": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember",
"unit": "iso4217:NOK"
}
},
"f12443": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12446": {
"value": "4000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12453": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12457": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12460": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfOptions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12470": {
"value": "77000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12474": {
"value": "77000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12478": {
"value": "77000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12486": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12490": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12493": {
"value": "-0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12497": {
"value": "39000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12500": {
"value": "2844000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"f12504": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"f12507": {
"value": "43000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:MiscellaneousOtherReservesMember",
"unit": "iso4217:NOK"
}
},
"f12510": {
"value": "-146000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfCashFlowHedgesMember",
"unit": "iso4217:NOK"
}
},
"f12513": {
"value": "-119000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfGainsAndLossesOnHedgingInstrumentsThatHedgeInvestmentsInEquityInstrumentsMember",
"unit": "iso4217:NOK"
}
},
"f12516": {
"value": "862000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f12519": {
"value": "2066000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f12522": {
"value": "5587000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f12525": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f12528": {
"value": "5588000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12610": {
"value": "468000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12613": {
"value": "421000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12622": {
"value": "2899000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForAmortisationRevaluationOfAcquiredLoanPortfolios",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12625": {
"value": "2322000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForAmortisationRevaluationOfAcquiredLoanPortfolios",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12632": {
"value": "276000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForRepossessionOfCollateralAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12636": {
"value": "299000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForRepossessionOfCollateralAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12642": {
"value": "353000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForCostOfCollateralAssetsSoldIncludingImpairment",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12645": {
"value": "392000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForCostOfCollateralAssetsSoldIncludingImpairment",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12655": {
"value": "222000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12658": {
"value": "100000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12664": {
"value": "26000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12667": {
"value": "6000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncome",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12674": {
"value": "1124000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceCosts",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12677": {
"value": "588000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceCosts",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12686": {
"value": "-299000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12689": {
"value": "-148000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12694": {
"value": "213000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsToReconcileProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12698": {
"value": "245000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsToReconcileProfitLoss",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12706": {
"value": "144000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12709": {
"value": "144000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12716": {
"value": "23000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12719": {
"value": "5000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12726": {
"value": "-15000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForDecreaseIncreaseInCurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12730": {
"value": "-119000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForDecreaseIncreaseInCurrentAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12738": {
"value": "-66000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForDecreaseIncreaseInOtherNonCurrentFinancialAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12742": {
"value": "-211000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForDecreaseIncreaseInOtherNonCurrentFinancialAssets",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12749": {
"value": "-3000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForIncreaseDecreaseInCurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12752": {
"value": "50000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForIncreaseDecreaseInCurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12759": {
"value": "260000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForIncreaseDecreaseInNonCurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12762": {
"value": "145000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:AdjustmentsForIncreaseDecreaseInNonCurrentLiabilities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12767": {
"value": "4290000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12770": {
"value": "3142000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12782": {
"value": "2584000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:PaymentsForAcquiredLoanPortfoliosClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12785": {
"value": "2157000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:PaymentsForAcquiredLoanPortfoliosClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12794": {
"value": "310000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesAndCashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12797": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesAndCashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12805": {
"value": "202000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12808": {
"value": "294000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfInvestmentsAccountedForUsingEquityMethod",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12815": {
"value": "11000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:PaymentsForContingentConsiderationClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12822": {
"value": "67000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:PurchaseOfPropertyPlantAndEquipmentAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12826": {
"value": "27000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:PurchaseOfPropertyPlantAndEquipmentAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12832": {
"value": "-2139000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12835": {
"value": "-1900000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12851": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12854": {
"value": "1000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12863": {
"value": "122000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12867": {
"value": "175000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12875": {
"value": "20119000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12878": {
"value": "23462000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12886": {
"value": "20942000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12889": {
"value": "22892000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12895": {
"value": "50000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12898": {
"value": "43000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12906": {
"value": "932000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:InterestAndFeesPaidOnBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12910": {
"value": "418000000",
"decimals": -6,
"dimensions": {
"concept": "B2I:InterestAndFeesPaidOnBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12916": {
"value": "69000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsForDebtIssueCosts",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12919": {
"value": "159000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:PaymentsForDebtIssueCosts",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12926": {
"value": "-2000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:ProceedsFromExerciseOfOptions",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12933": {
"value": "77000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12937": {
"value": "168000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12942": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12945": {
"value": "0",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12951": {
"value": "-2077000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12954": {
"value": "-392000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12960": {
"value": "74000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12963": {
"value": "850000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12968": {
"value": "1045000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12972": {
"value": "157000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12980": {
"value": "60000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12983": {
"value": "38000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12987": {
"value": "1179000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12990": {
"value": "1045000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f12997": {
"value": "1404000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f13000": {
"value": "1176000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f13009": {
"value": "225000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:BankOverdraftsClassifiedAsCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f13012": {
"value": "131000000",
"decimals": -6,
"dimensions": {
"concept": "ifrs-full:BankOverdraftsClassifiedAsCashEquivalents",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"s9_notes__6__6": {
"value": "Notes to the consolidated financial statementsNote 1: General information, basis of preparation, consolidation principles, new and amended standards adopted by the Group and new and amended standards issued but not yet effective. 1.1 General informationB2 Impact ASA (the Company or Parent) and its subsi- diaries (together the Group) is a pan-European debt investor and servicer. The business consists of purchase, management and collection of unsecured and secured non-performing loans.B2 Impact ASA is a Norwegian public limited company listed on the Oslo Stock Exchange (Oslo B\u00f8rs) with ticker B2I. The Company\u2019s registered office is at Cort Adelers gate 30, 0254 Oslo, Norway.The consolidated financial statements of the Group for the year ending 31 December 2023 were authorised for issue in accordance with a resolution of the Board of Directors on 25 April 2024.1.2 Basis of preparationThe consolidated financial statements of B2 Impact ASA and its subsidiaries have been prepared in accordance with International Financial Reporting Standards (IFRS\u00ae Accounting Standards) as adopted by the European Union (EU) and Norwegian Authorities, effective as of 31 December 2023.The consolidated financial statements have been prepared on a historical cost basis except for the following assets and liabilities that are measured at fair value:\u2022 derivatives,\u2022 contingent considerations arising from business combinations,\u2022 participation loan/notes, and\u2022 structured bond and investment fundsPreparation of the financial statements, including note disclosures, requires management to make estimates and assumptions that affect amounts reported. Actual results may differ. See note 3 \u201cCritical accounting judgments and key sources of estimation uncertainty\u201d.The functional currency of B2 Impact ASA is the Norwegian krone (NOK). The B2 Impact Group consolidated financial statements are presented in NOK and all values are rounded to the nearest million (NOK\u2019000 000) except when other- wise indicated. B2 Impact ASA has been granted permission from the Norwegian authorities to publish the Group accounts in English only.1.3 Consolidation principlesThe consolidated financial statements include B2 Impact ASA and its subsidiaries. Subsidiaries are entities in which B2 Impact ASA has control. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. As of 31 December 2023, B2 Impact ASA has more than 50 % of the voting power in all subsidiaries. All intercompany transactions and balances including profit and loss resulting from these transactions are eliminated in full upon consolidation.A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non- controlling interest and other components of equity, while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.1.4 New and amended standards adopted by the GroupB2 Impact Group has implemented the amendment to IAS 1: Presentation of Financial Statements and IFRS Practice Statement 2 to disclose material accounting policy informa-tion. Besides that, B2 Impact Group has not implemented any new accounting standards during 2023. 1.5 New and amended standards issued but not yet effective The Group has not early adopted new and revised IFRS standards which are not yet mandatory or effective. The Group does not expect that the adoption of these accounting standards in future periods will have a material impact on the financial statements.Note 2: Accounting principles 2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. According to this method, acquisitions of subsidiaries are viewed as transactions by which the Group indirectly acquires the subsidiary\u2019s assets and assumes its liabilities and contingent liabilities and values those assets and liabilities meeting the conditions for recognition under IFRS 3 Business Combinations, at their fair value on the acquisition date.The purchase price consists of the fair value of the consideration given on the transfer date, including any conditional purchase consideration which is recognised as a liability at fair value at the acquisition that date.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary. If purchase price exceeds the net fair value of the identi- fiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impair-ment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then pro-rate to the other assets of the unit on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period. On disposal of an operating unit within a CGU to which goodwill has been allocated, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal.2.2 Investments in associated companies and joint venturesAn associated company is an entity over which the Group has the ability to exercise significant influence and that is not a subsidiary or a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments in associated companies are accounted for using the equity method.A joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint arrangement require the unanimous consent of the parties sharing control. Joint arrangements which represent a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is classified as joint ventures. For further details about investments in associated compa-nies and joint ventures see note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acqui-sition date. The equity method is applied from the date a significant influence arises until the time it ceases, or the associated company or joint venture becomes a sub-sidiary. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the associates and joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in associates and joint ventures are tested for impairment when there are indications that these investments may be impaired. 2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other compre-hensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their income state-ments are translated at the average exchange rates for the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non- performing loans and debt, purchased at prices signifi- cantly below the nominal receivable. They are recognised at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Purchased loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period. The credit- adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when ap p- ro priate a shorter period, to the net carrying amount of the financial asset.In connection with purchased loan portfolios, the effective interest rate is calculated based on the acquisition cost including all transaction costs and estimated future cash flows which includes the nominal amount, reminder fees, collection fees and late interest that, based on a probability assessment, are expected to be received from debtors.Each portfolio is initially recorded in the statement of financial position at cost and including all transaction costs. Subsequent price adjustments for portfolios acquired are recorded as an adjustment to the statement of financial position. Interest income on purchased loan portfolios is accrued monthly in the income statement based on each portfolios credit adjusted effective inter-est rate. Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \"Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. Typically, each portfolio consists of an individual acquisition of receivables. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can there- fore vary from each pool based on content of the pool.Unidentified receipts and excess paymentsThe Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender is made, but failing this the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Collateral assets In connection with the acquisition and recovery of pur-chased loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.5 SegmentsSegment reporting was changed from 1 January 2023. The operative segments for the Group are now Invest-ments and Servicing, while these were previously defined based on the geographical markets. An operating segment is a part of the Group that generates income and incurs expenses and for which separate financial information is available that is evaluated regularly by the chief operating decision maker, the Chief Executive Officer, in deciding how to assess performance and allocate resources to the operating segment.2.6 Revenue from contracts with customerThe Group applies IFRS 15 Revenue from Contracts with Customers five-step model whereby revenue is recog-nised at an amount which reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes and duties. Revenue from contracts with customers are mainly revenue from external collection, telemarketing, fraud prevention and credit information services. Revenue from contracts with customers is presented in one-line item in the consolidated income statement as part of \u201cOther revenues\u201d and specified in note 7 Other revenues.2.7 TaxesCurrent income taxIncome tax assets and liabilities for the current and prior periods are measured at the amount expected to be recov-ered from or paid to the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the balance sheet date in the countries where the Group operates. When there is uncertainty regarding whether particular tax treatments made in tax filings will be accepted by the tax authorities, but acceptability is probable, accounting tax positions are determined consistently with the treament in the tax filings. If acceptability is not probable, the uncertainty is reflected when determining the accounting tax positions.Income tax relating to items recognised directly in other comprehensive income or equity is recognised in other comprehensive income or equity and not in the income statement. Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or sub-stantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets and over the remaining expected term of the property lease for improvements to rented offices, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of six months to ten years but may have extension or termination options.Contracts may contain both lease and non-lease com-ponents. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially meas-ured on a present value basis. Lease liabilities include the net present value of the contractual lease payments.The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commence-ment date less any lease incentives received,\u2022 any initial direct costs\u2022 restoration costsRight-of-use assets are generally depreciated on a straight-line basis over the shorter of the asset\u2019s useful life and the lease term.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recog- nized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or as a part of a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensedas incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumu- lated impairment losses, if any. Intangible assets with finite lives are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed and adjusted if appropriate at each reporting date. The amortization expense on intangible assets with finite lives is presented in the income statement as part of \u201cDepreciation and amortisation\u201d. The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.2.12 DerivativesThe Group uses the following derivative financial instru-ments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense. Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention and legally enforceable right to settle the contracts net. 2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires. 2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include:\u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.2.16 ProvisionsProvisions such as workforce reductions, onerous contracts and legal claims are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are measured at management\u2019s best estimate of the expenditure required to settle the obligation at the reporting date and are discounted to present value. Where the Group expects full or partial reimbursement of the expense related to the provision, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.2.17 Pensions and other post-employment liabilitiesDefined contribution pension plans:The Group has a series of defined contribution pension plans which are pension plans under which the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual, or voluntary basis. The contributions are recognised as employee benefit expense when they are due.The Group has no legal or constructive obligations to pay further contributions if the fund does not hold suffi-cient assets to pay all employees the benefits relating to employee service in the current and prior periods and therefore does not record a pension liability in the state-ment of financial position. Other post-employment liabilities:The Group\u2019s employees in certain jurisdictions are entitled to one month\u2019s severance pay in the event of old-age or disability retirement, in accordance with national labour regulations. This post-employment liability is based on a valuation carried out by a profe- ssional actuarial firm. Provisions for other termination benefits are created once employment is terminated.2.18 Share based paymentsMembers of the executive management and some key employees may receive remuneration in the form of share-based payments that are considered as equity- settled share-based payments.The cost of equity-settled transactions is determined by the fair value at the date when the grant is made, see further details in note 23 Share based payments. The fair value reflects market performance conditions, while service and non-market performance conditions are not considered. The cost is recognised as personnel costs, with a corresponding increase in other capital reserves, over the vesting period. The cumulative ex-pense recognised at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest. The Group is obliged to withhold and pay an amount and report the full amount, to local tax authorities for the employee\u2019s tax obligations associated with redemption of vested share options. In addition, the Group may be obliged to report and pay social security tax.No expense is recognised for awards that do not ultimately vest because of non-market performance and/or service conditions not being met. Where an award is cancelled by the entity, any remaining element of the fair value of the award is expensed immediately through profit or loss.The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. For further details, see note 13 Earnings per share.2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments as described in note 2.18 above.The effects of exchange differences on translation of foreign currency are included as a separate component of equity.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the Parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currency risk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income, while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.2.20 DividendsThe Group recognises a liability to pay a dividend to ownersof equity once it has been approved by the shareholders at the Annual General Meeting. A corresponding amount is recognised directly in equity.Dividend revenue is recognised when the Group\u2019s right to receive the payment is established, which is generally when the shareholders have approved the dividend.2.21 Classification in the statement of financial positionCurrent assets and liabilities include items due less than one year from the reporting date and, if longer, items tied to the operating cycle. Other assets are classified as non-current assets. The current portion of long-term debt is included as current liabilities.2.22 Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also related if they are subject to common control or common significant influence. All transactions between the related parties are based on the principle of \u2018arm\u2019s length\u2019 (estimated market value).2.23 Consolidated statement of cash flowsThe indirect method is used for the consolidated statement of cash flows which reconciles the change in cash and cash equivalents to the profit/(loss) for the year before tax. For the purpose of the consolidated statement of cash flows, cash and cash equivalents, defined in section 2.11 Financial assets and liabilities, are shown net of any outstanding bank overdrafts.Foreign subsidiary transactions are translated in the cash flow statement at the average exchange rate for the period. Acquired and divested subsidiaries are recognised as cash flow from investing activities on a net basis after deduct-ing cash and cash equivalents in the acquired or divested company. Note 3: Critical accounting judgements and key sources of estimation uncertaintyThe preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of esti-mation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjust- ment to the carrying amounts of assets or liabilities in future periods.Key sources of estimation uncertainty and critical judge-ments are continually evaluated and updated based on expectations about future events that are believed by management to be reasonable under the circumstances.When applying the Group\u2019s accounting policies, manage-ment has made the following judgements, which have the most significant effect on the amounts recognised in the consolidated financial statements:Investment in loan portfoliosThe Group uses a credit-adjusted effective interest rate method to account for the loan receivables in the purchased loan portfolios. The use of the credit-adjusted effective interest rate method requires the Group to estimate future cash flows at each balance sheet reporting date. The underlying estimates that form the basis for interest income recognition and impairment losses on the portfolios depends on variables such as the ability to contact the customer and reach an agreement, estimated timing of cash flows, the general economic environment and statutory regulations. Interest income from purchased loan portfolios is the calculated amortised cost interest revenue from the purchased loan portfolios using the credit-adjusted effective interest rates set at initial acquisition in the consolidated income statement. Events or changes in actual versus estimated collections and management\u2019s assessment of future cash flows willimpact the net present value of future cash flows and therefore the amortised cost book value of the purchased loan portfolios. The cash flow estimates are prepared by management over a forecast period of time. Significant professional judgment is required when future cash flows are estimated. Many factors can potentially impact this as-sesment: macroeconomic conditions, portfolio characteris-tics, historical cash flows, collateral, experience from similar portfolios and country specific regulation. All of these are considered when estimating future cash flows but the impact they have will vary over time and differently from one portfolio to the next. Assessment of potential non-linearrelationships or correlation between macroeconomic factors and estimated future cash flows are often diffi-cult to find and to quantify, hence we have not identified macrofactors that we can model with enough certainty to use in our cash flow forecasting. However, Management carefully assesses the economic climate in the regions and countries where we make investments and make neces-sary and expected changes to cash flow forecasts. If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjust-ed effective interest rate. This adjustment, due to chang-es in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/(loss) from purchased loan portfolios\u201d.Actual cash flows may differ from the estimates, making it reasonably possible that a change in estimates could occur and impact the carrying value of the related pur-chased loan portfolio. On a quarterly basis management reviews the estimates of future cash flows and whether it is reasonably possible that its assessment of collectability may change based on actual results and other factors that may have an impact on the estimates. Where manage-ment is made aware of special circumstances relating to a purchased loan portfolio that may affect the reliability of previous assumptions, they will review and, if necessary, change the future cash flow estimates.There is higher estimation uncertainty related to future cash flows arising from acquired portfolios in Denmark due to an ongoing assessment of whether these port-folios are subject to errors in portfolio data which could make some of the claims defective and/or delay collec-tions. B2 Impact has assessed different scenarios. The current assessment is that we will be able to recover carrying value of these portfolios.For further details, please refer to note 2.4 Purchased loan portfolios and note 4 Financial risk management.Goodwill impairment testingIn accordance with IAS 36, goodwill is tested at least on an annual basis for impairment. If a loss in value is indicated, the recoverable amount is the cash-generating unit\u2019s (CGU\u2019s) fair value less the cost of disposal or its value in use. When testing goodwill for impairment, management defines the recoverable amount as the estimated value in use. The value in use is the net present value of the estimated cash flows before tax. The discount rate used is the weighted average cost of capital (WACC) before tax calculated for each CGU. Estimating the financial assets\u2019 recoverable amount is based on management\u2019s judge-ments related to estimates of future performance and cash flows, the interest income generating capacity of the assets and assumptions related to future market conditions. A possible impairment of goodwill is de-termined by assessing the recoverable amount of the lowest identifiable CGU (or group of CGUs) to which the goodwill relates. For specific details related to the testing of goodwill, see note 14 Goodwill.Deferred tax assetsDeferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that will be recognised, based upon the reliable evidence as to the estimated timing and amount of the future taxable profits. Further details are included in note 2.7 and note 12 Income tax.Note 4: Financial risk management4.1 Financial riskThe Group\u2019s activities are exposed to financial risks: market risk, currency and interest rate risk, credit risk, liquidity risk and cash flow risk. The Group\u2019s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group\u2019s financial performance. Market and regulatory environmentThe primary market risk for the Group is related to general economic conditions and statutory regulations in various geographical markets which have an impact on the debtors\u2019 ability to pay and vendors\u2019 criteria for selling portfolios of loans and receivables. The services and products offered in the respective geographical markets are subject to strict local laws and regulations, including requirements for lending, ownership and debt collection licenses, as well as legislation concerning personal data protection. Any legislative changes concerning consumer credit could affect the Group\u2019s earnings, market position and range of products and services.Currency and interest rate riskThe strategy of the Group is to manage and limit both currency and interest rate risk. The Group holds various derivative financial instruments with the purpose of reducing its interest rate exposure and achieving a suitable currency ratio between its assets and liabilities. Currency riskNet debt adjusted for derivatives are made in relevant currencies reflecting the under lying expected future cash flows from loans and receivables. The exceptions are Romanian Leu (RON), Bulgarian Lev (BGN), Hungarian Forint (HUF), Bosnian Convertible Mark (BAM), Czech Koruna (CZK) and Serbian Dinar (RSD) where all borrowings are done in EUR.The Group's bond loans and senior secured facility agreement is denominated in EUR and borrowings under the multi-currency revolving credit facility are drawn in PLN, SEK, DKK and EUR. At 31 December 2023, Net debt amounted to NOK 9 177 million. Net debt represented a currency basket comprising EUR: 63 %, PLN: 22 %, SEK: 11 % and DKK: 4 %. The Group has not entered into any currency derivatives as at 31 December 2023.Interest rate riskThe Group uses interest rate swaps and interest rate caps to reduce its interest rate exposure. The Group's strategy is to hedge between 60 % and 120 % of Net debt up to a maximum period of 5 years. The hedging ratio at 31 December 2023 was 53 % with a duration of almost 2 years.Under the arrangements in effect at 31 December 2023, a percentage point increase in market interest rates is estimated to have a net negative effect on net financial items of NOK 42 million with an estimated increased interest cost of NOK 90 million partly offset by an increase in cash payments from derivatives of NOK 48 million. In addition, the fair value of the derivatives is estimated to have a positive impact of NOK 42 million which would be registered in the OCI due to the application of hedge accounting. A percentage point decrease in market interest rates is estimated to have a net positive effect on net financial items of NOK 42 million, driven by a decrease in the estimated interest expenses of NOK 90 million and a decrease in the cash payments from deriva-tives of NOK 48 million. In addition, the fair value of the derivatives is estimated to have a negative impact of NOK 42 million which would be registered in the OCI due to the application of hedge accounting.In general, changes in macroeconomic factors such as interest rates may impact the debtors\u2019 ability to repay their debt and thereby influence the future cash flow received from the portfolios.The currency sensitivity analysis shown below is based on book value of loans and receivables at 31 December 2023, net of Net debt and the effect of currency derivatives.Closing rate at NOK NOK NOK NOK 31 December strengthens strengthens weakens weakens Currency2023 against NOKby 20 %by 10 %by 10 %by 20 %DKK 1.5082 -43 -22 22 43EUR 11.2405 -373 -186 186 373SEK 1.0130 -103 -51 51 103HUF 0.0294 -7 -4 4 7BAM 5.7473 -8 -4 4 8RSD 0.0959 -17 -9 9 17PLN 2.5903 -223 -112 112 223RON 2.2591 -84 -42 42 84BGN 5.7473 -4 -2 2 4CZK 0.4546 -78 -39 39 78GBP 12.9342 0 0 0 0Total impact -940 -470 470 940on book valuesCredit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios.In order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses.Maximum exposure to credit risk 2023 2022Purchased loan portfolios 11 542 11 181Loan receivables 200 280Investments in associated companies and joint ventures 781 690Other non-current financial assets 372 133Accounts receivable 41 34Other current assets 326 357Cash and cash equivalents 1 404 1 176Total at 31 December 14 666 13 852Liquidity riskThe Group\u2019s multi-currency revolving credit facility of EUR 610 million, the EUR 180 million Senior Facility Agreement (SFA) and the two senior unsecured bond loans of in total EUR 500 million, as well as the cash and cash equivalents, totalling NOK 15,904 million at 31 December 2023, ensure necessary funding to meet future payment obligations. At 31 December 2023, the Group had an unutilised part of the revolving credit facility totalling EUR 204 million or NOK 2,293 million, an unutilised part of the SFA of EUR 180 million or NOK 2,023 million and an unutilised part of the multi-currency overdraft totalling EUR 20 million or NOK 225 million as well as cash and cash equivalents of NOK 1,404 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:Refer to note 32 for subsequent events impact on liquidity risk. 12 months or less 1-2 years 2-5 years More than 5 yearsInterest bearing loans & borrowings 3 164 7 473 5 188(current and non-current)Other non-current liabilities 43 90 44Bank overdraft 225Accounts and other payables 174Other current liabilities 411Total at 31 December 2023 3 974 7 516 5 277 44Interest bearing loans & borrowings (current and non-current) 2 056 2 741 10 547Other non-current liabilities 32 64 55Bank overdraft 131Accounts and other payables 209Other current liabilities 405Total at 31 December 2022 2 801 2 773 10 611 55Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,035 million at 31 December 2023. Total equity, net of intangible assets (incl. goodwill), was NOK 4,698 million and total assets, net of intangible assets (incl. goodwill), were NOK 16,438 million. The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instruments, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, collateral assets and goodwill. The total loan to value ratio at 31 December 2023 was 66 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.4.2 Derivative financial instruments and hedge accountingAt 31 December 2023, the Group had the following derivative financial instruments:Notional Notional Fair amount in amount in Fixed Floating valueInstrument CurrencyCurrencyNOKrate Strike3M IBORNOK Start DueInterest rate derivatives:Interest rate cap EUR 75 843 1.00 % 3.91 % 6 21/12/2018 14/02/2024Interest rate cap EUR 75 843 1.00 % 3.91 % 3 21/12/2018 14/02/2024Interest rate cap SEK 300 304 1.00 % 4.05 % 2 21/12/2018 14/03/2024Interest rate swap PLN 75 194 0.6850 % 5.88 % 12 14/07/2020 14/07/2025Interest rate swap PLN 75 194 0.6670 % 5.88 % 12 15/06/2020 16/06/2025Interest rate swap PLN 75 194 0.6650 % 5.88 % 11 14/05/2020 14/05/2025Interest rate swap EUR 75 843 3.3440 % 3.91 % -19 22/12/2023 22/09/2026Interest rate swap EUR 75 843 3.3340 % 3.91 % -19 22/12/2023 22/09/2026Interest rate swap SEK 300 304 3.7000 % 4.05 % -10 14/11/2023 16/11/2026Interest rate swap DKK 150 226 2.6757 % 3.87 % -1 15/01/2024 14/01/2027-1In addition to changes in fair value, net financial items are also affected by the interest paid and received under the interest rate derivatives and foreign exchange forwards. The net interest revenue from the interest rate swaps and caps was NOK 106 million and the net interest revenue from the currency derivatives was NOK 3 million in 2023.Hedge accountingThe Group applies hedge accounting in accordance with IFRS 9 in order to reduce risk related to effect of interest rate changes and currency risk. Currently, the Group only has qualifying cash flow and net investment hedges. At inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items, including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking these hedge transactions. Amounts recognised in other comprehensive income and accumulated in hedging reserve within equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss. These amounts are presented in the same line in the income statement as the recognised hedged item.Net investment hedgingThe Group applies hedge accounting to hedges of net investments in foreign subsidiaries. The hedged risk is the for-eign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different func-tional currency than the Parent. Foreign currency borrowings are used as hedging instruments. These instruments are presented as non-current interest bearing debt in the consolidated statement of financial position. Instruments in EUR, PLN and SEK are used to hedge the investments in the Group's subsidiaries with functional currencies EUR, PLN and SEK. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100% hedge ratio. Hedge ineffectiveness may arise when the amount of the invest-ment in the foreign subsidiary becomes lower than the amount of the debt and derivatives designated as hedging instruments. There was no hedge ineffectiveness recorded in the years ending 31 December 2023 and 31 December 2022, since the foreign currency gains and losses on the hedged items are offset by the foreign currency gains and losses on the hedging instruments. Any reclassifications from net investment hedge reserve to the income statement, due to for instance sales of subsidiaries, can be seen in the consolidated statement of comprehensive income and the consolidated statement of changes in equity.Net investment hedging relationships 2023 2022Change in carrying amount of net investment hedge instruments as a result of foreign currency movements since 1 January, recognised in OCI -150 9Change in value of hedged item used to determine hedge effectiveness 150 -9Interest-bearing debt designated as hedging instruments in net investment hedges (only designated part of instruments is included):As at 31 December 2023 2022Nominal amounts net investment hedge instruments 3 613 2 118 Debt designated as hedging instruments in net investment hedges are recognised on the line item Non-current interest bearing loans and borrowings in the Consoldiated statement of financial position.The following table shows the maturity profile (in nominal values) of the Group\u2019s net investment hedge instruments (only designated part of instruments are included):<1 year 2 years 3 years 4 years Tota lAs at 31 December 2023 1 702 1 911 3 613 As at 31 December 2022 620 1 498 2 118 Cash flow hedgingThe Group partially hedges its cash flow exposure related to its interest-bearing debt with floating interest rate. In order to hedge this exposure the Group uses hedging instruments like interest rate swaps and/or interest rate caps. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100% hedge ratio.Cash flow hedging relationships 2023 2022Gain/(loss) recognised in OCI -146 Interest-bearing debt designated as hedging items in cash flow hedges (only designated part of instruments is included):As at 31 December 2023 2022Nominal amounts of cash flow hedge items 4 789 Debt designated as hedging items in cash flow hedges is recognised on the line items Current and Non-current interest bearing loans and borrowings in the Consoldiated statement of financial position.The following table shows the maturity profile (in nominal values) of the Group\u2019s cash flow hedge items (only designatedpart of items are included): <1 year 2 years 3 years 4 years Tota lAs at 31 December 2023 1 686 1 417 1 686 - 4 789 Impact of hedging on equitySet out below is the reconciliation of the components of equity and the analysis of the other comprehensive income:Interest Foreign currency hedge reservetranslation reserve As at 1 January 2022 22 Foreign currency revaluation of the PLN borrowing 23 Foreign currency revaluation of the SEK borrowing 17 Foreign currency revaluation of the EUR borrowing -31 As at 1 January 2023 31 Foreign currency revaluation of the PLN borrowing -117 Foreign currency revaluation of the SEK borrowing 6 Foreign currency revaluation of the EUR borrowing -39 Cash flow revaulation of the interest derivatives -146 Tax effect 36 37 As at 31 December 2023 -109 -824.3 Purchased loan portfoliosPurchased loan portfolios at 31 December 20232023 2022At 1 January 11 181 10 921Portfolio investments in the period 2 570 2 1651Reclassification from investment in joint ventures157Gross collection from purchased loan portfolios -5 738 -4 584Interest revenue from purchased loan portfolios 2 473 2 133Net credit gain/(loss) from purchased loan portfolios 366 129 Whereof collection above/(below) estimates 1 056 553 Whereof changes in future collection estimates -690 -424Book value of sold loan portfolios -452Exchange rate differences 985 417At 31 December 11 542 11 181Gross collections from purchased loan portfolios:Gross collections are the actual cash collected and assets recovered from purchased portfolios before costs related to the collection of the cash received.Net credit gain/(loss) from purchased portfolios:The Group purchases materially impaired loan portfolios at significant discounts and impairments are already included at purchase. The expected credit loss for the purchased loan portfolios is not explicitly recognized as a loss provision since these financial assets are credit impaired by definition and the estimated loss is already part of the amortized cost. The Group's exposure to credit risk from the purchased loan portfolios is related to actual gross collections deviating from collection estimates and from changes in future cash collections estimates. The Group regularly evaluates the currentcollection estimates on single portfolios and the estimate is adjusted if collections are determined to deviate from current estimate over time. The adjusted collection estimates is discounted by the initial rate of return at acquisition of the port-folio. Changes from current estimate adjust the book value of the portfolio and are included in the consolidated income statement in the line item \"Net credit gain/(loss) from purchased loan portfolios\". The portfolios are evaluated quarterly. Gross collections above collection estimates and upwards adjustment of future collection estimates increase revenue. Gross collections below collection estimates and downwards adjustment of future collection estimates decrease revenue.1. Amount reclassified from investment in joint ventures due to increased owernship from 30 % to 100 % of Profit Participating notes in a portfolio owning SPV as of 16 January 2023.Net credit gain/(loss) from purchased loan portfolios is specified in the table below:At 31 December 2023 2022Secured portfolios:Gross collection from purchased loan portfolios 1 525 1 022Collection above/(below) estimates 873 437Changes in future collection estimates -741 -410Net credit gain/(loss) from secured portfolios 132 27Unsecured portfolios:Gross collection from purchased loan portfolios 4 213 3 562Collection above/(below) estimates 183 116Changes in future collection estimates 51 -14Net credit gain/(loss) from unsecured portfolios 234 102Net credit gain/(loss) from purchased loan portfolios 366 129Net purchase of purchased loan portfolios, cash flow statement:2023 2022Purchase of loan portfolios -2 570 -2 165Change in prepaid/amounts due on purchase of purchased loan portfolios -14 8Net purchase of purchased loan portfolios, cash flow statement -2 584 -2 1574.4 Fair value estimation purchased loan portfoliosThe fair value of financial instruments that are not traded in an active market is determined by using valuation tech-niques such as net present value of estimated cash flows. For purchased loan portfolios, the discount rate used is the weighted average cost of capital, which is the weighted value of the cost of debt and the cost of equity in each particular country. The cost of equity is estimated by applying the capital asset pricing model.As described in note 3, the preparation of cash flow estimates requires significant estimates to be made by manage-ment regarding future cash flows from purchased loan portfolios. The fair value of the purchased loan portfolios is estimated to be approximately NOK 12 billion and is based on net future estimated cash flows after tax, discounted with the estimated WACC for the countries in question. The corresponding carrying amount is NOK 11.5 billion which is based on IFRS 9 using the estimated gross future cash flows, where the discount factor is the individual IRR for each portfolio. The future gross cash flow forecasts used to estimate the fair value are the same as the cash flow forecasts used in the accounting for purchased loan portfolios at 31 December 2023.The fair value estimation is based on estimated monthly net cash flows from the purchased loan portfolios per subsid-iary and type of portfolio (unsecured/secured). The estimated monthly net cash flows from purchased loan portfolios are the assumed monthly future gross collection less assumed monthly cost to collect. Cost to collect is a percentage of the gross collection and varies depending on the type of portfolio, stage of development of the subsidiary in its local market and country specific environment. In addition, the country specific marginal tax rate is applied. This individual cost to collect and tax rate are applied to each estimated future cash flow, adding up to an estimated total net cash flow (CF3) for the Group, presented in the table below.2024 2025 -----> 2044 TotalGross collection (CF1) 4 368 3 915 12 783 21 065Cost to collect -826 -715 -2 608 -4 148Gross collection less cost to collect (CF2) 3 542 3 200 10 174 0 16 917Tax -281 -198 -776 -1 254Net cash flow from purchased loan portfolios (CF3) 3 262 3 002 9 399 0 15 663The weighted average cost of capital after tax is estimated for each country where the cash flows are generated. Based on this rate, the discounted value of the estimated net cash flows for the forecast period indicates that the fair value of the purchased loan portfolios is NOK 12 billion.To evaluate this calculation, a sensitivity analysis is presented in the table below in order to see the effect of deviations in the cash flow estimates and effects of variations in the cost of capital used as discount rate.% forecast collectionFair value of purchased loan portfolios at 31 December 2023 assumingdifferent % forecast collection levels and discount rates90% 100% 110%Discount rate WACC -2.0 % 11 317 12 770 14 222WACC -1.5 % 11 137 12 567 13 996WACC -1.0 % 10 965 12 372 13 779WACC -0.5 % 10 798 12 184 13 570WACC used 10 637 12 003 13 367WACC +0,5 % 10 482 11 827 13 172WACC +1.0 % 10 332 11 658 12 983WACC +1.5 % 10 187 11 494 12 801WACC +2.0 % 10 046 11 336 12 625Cost of capitalThe cost of equity (R) was assessed by applying the Capital Asset Pricing Model (CAPM), which assumes that the Sshareholders demand a risk premium in addition to the return on a risk-free (R) investment. The risk premium was es-Ftimated based on a general market risk (MRP), which was adjusted up or down depending on the industry\u2019s risk profile through multiplying by the \u03b2-risk. The first adjustment to the basic CAPM is a country risk premium (CRP). An additional adjustment to the CAPM equation is a legal risk premium (LRP). This expands our specification of the CAPM to:R = R + MRP * \u03b2 + CRP + LRPSFThe weighted average cost of capital is estimated as:EquityDebtWACC= * R+ R* (1 - corporate tax rate)S Equity + DebtEquity + DebtWhere R is the cost of debt. The cost of debt is estimated as the observed weighted marginal cost of the company's Boutstanding debt.Risk free rate:The applied risk-free rate is based on a 10-year AAA-rated Euro area central government bond. The applied rate is calculated as an average of observed rates in a 30-day period before the calculation date. Market risk premium:The market risk premium is defined as:MRP = ( R - R ) MFwhere R = Market return and R = Risk free rate MFA market risk premium of 5 % was applied. Equity beta:The beta coefficient is a measure of systematic risk. The value expresses the combi-nation of the stock\u2019s risk and to what extent the stock correlates with the market. Beta was determined based on stock price statistics for comparable quoted companies. Monthly observations over a five-year period were used to estimate beta. The Morgan Stanley World ACWI index was used as reference index. Bayesian adjusted betas were applied. The effect of debt on \u03b2 was eliminated through the Harris and Pringle formula. Country Risk Premium (CRP)A country risk premium is often added when the target company is located in or operating in a geographical area that is subject to additional political and economic risks compared to a similar company based in, for instance, Western Europe. There are several sources and methodologies available for estimating CRP. CRP for the Group was estimated using the Damodaran model, which is an extension of the sovereign spread model (Goldman model) where credit default risk for sovereign bonds is estimated based on sovereign bond credit ratings. The Damodaran model adjusts the bond de-fault risk with a factor for assumed equity markets standard deviation divided by bond markets standard deviation (usually assumed to be 1.5).Legal Risk Premium (LRP)LRP is added to account for the risk related to a country's regulatory and legal envi-ronment. The LRP is calculated as a factor derived from a corruption perception index multiplied by a premium assumed on basis of the country's credit rating.Future cash flow estimatesThe future cash flow estimates are based on the forecast for the portfolio base as of 31 December 2023. Cost of capital calculation 2023Risk free rate (long term government bond yields) 2.1 %Equity Beta 1.7 - 1.92Country risk premium 0 % - 9.5 %Market risk premium 5 %Tax rates 9 % - 25 %Cost of equity 11% - 27 %Cost of debt 6.7 %Equity weight 32 %Debt weight 68 %WACC (after tax) 7 % - 12.8 %4.5 Fair value of financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calcu-lated by discounting the expected net future cash flows from Gross collection less cost to collect and tax with the estimated weighted average cost of capital for the countries where the purchased loan portfolios originated. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) since the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) was determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives, the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2023 As at 31 December 2022Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (note 4.4) 11 542 11 542 12 003 12 003 11 181 11 181 11 484 11 484Derivatives (note 4.2) 48 48 48 48 146 146 146 146Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (note 18) 200 200 280 280 Accounts receivables (note 19) 41 41 34 34 Collateral assets (note 20) 1 339 1 339 1 294 1 294 Cash and cash equivalents (note 21) 1 404 1 404 1 176 1 176Financial liabilitiesInterest bearing loans and borrowings (note 24) 225 10 215 10 440 5 620 4 866 10 486 131 10 087 10 218 4 813 5 363 10 176Derivatives (note 4.2) 49 49 49 49 0 0 0 0Note 5: Business combinations and acquisition of non-controlling interests5.1 Acquisitions in 2023The Group made no business acquisitions in 2023 or 2022.Note 6: Segments6.1 Operating segmentsThe Group applies IFRS 8 Operating Segments. An operating segment is a part of the Group from which it can gen-erate income and incur expenses, for which separate financial information is available and whose results are regularly reviewed by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated. The Group CEO has been identified as CODM.A key priority for the Group is to improve alignment in operations. From 1 January 2023 the operative segments for the Group are Investments and Servicing, while these were previously defined based on the geographical markets. The comparative numbers are restated based on estimates and allocation keys to give a high-level basis for comparison.Investments consist of the purchase and management of unsecured and secured loan portfolios directly or through investments in joint ventures. Collaterals and repossessed assets acquired as part of the recovery strategy are includ-ed in Investments. Servicing is the collections of payments of claims on behalf of the Investment segment, joint ventures and third-party clients. The servicing segment generates revenues from commissions and debtor fees.No operating segments have been aggregated to form the above reportable operating segments. Internal transactions between the Investments and Servicing segment are priced on commercial terms. The com-mission is recognized as inter segment revenue in Servicing and as direct operating expense in Investments. Inter- segment revenues and costs are eliminated upon consolidation and reflected as Unallocated items & eliminations in the segment reporting.Revenues from issued consumer loans (loan receivables), credit information and other services on behalf of clients are included in Other, assessed to be not reportable operating segments.Net revenue is Total revenues reported in the income statement less the Cost of collateral assets sold, including impairment.The performance of the operative segments is measured at Segment earnings level which includes revenue and direct operative expenses.IT and SG&A are considered supporting segments, where SG&A includes sales, general and administrative expenses, e.g. Human Resources, Finance, Communication and Marketing, Legal and Compliance and other staff functions. Other items included in Unallocated items & eliminations include non-recurring items.Unallocated items & Year ended 31 December 2023 Investments Servicing Othereliminations TotalExternal revenue 3 228 373 174 0 3 775Inter segment revenue - 0 876 0 - 876 0Net revenue 3 228 1 250 174 - 876 3 775Direct opex -1 359 - 743 - 43 824 -1 322Segment earnings 1 869 506 130 - 52 2 453IT - 171SG&A - 338Central costs - 261EBITDA 1 684Depreciation, amortisation and impairment losses - 106EBIT 1 578Unallocated items & Year ended 31 December 2022 Investments Servicing Othereliminations TotalExternal revenue 2 606 347 164 - 32 3 085Inter segment revenue 0 704 - 1 -703 0Net revenue 2 606 1 051 163 - 734 3 085Direct opex - 896 - 668 - 70 639 - 995Segment earnings 1 710 383 93 - 95 2 091IT - 156SG&A - 431Central costs - 292 EBITDA 1 212Depreciation, amortisation and impairment losses - 184 EBIT 1 029Total revenues per region 2023 2022Northern Europe 839 842Poland 1 018 903Central Europe 1 073 1 103Western Europe 440 187South Eastern Europe 758 442Total 4 129 3 4776.2 Segment detailsInvestments 2023 2022Secured collections 1 525 1 022Unsecured collections 4 213 3 562Total collections 5 738 4 584Secured amortisation - 210 - 140Unsecured amortisation -1 999 -1 759Total amortisation -2 209 -1 898Secured revaluations - 741 - 410Unsecured revaluations 51 18Total revaluations - 690 - 392Total NPL revenue 2 839 2 294Profit from Investments in joint ventures 222 100Net REO gains 146 189Other revenue 21 22Net revenue 3 228 2 606Direct opex -1 359 - 896Segment earnings 1 869 1 710Segment earnings in % 58% 66%1Cash collections6 164 5 161Secured collection performance % 234% 175%Unsecured collection perfomance % 105% 103%Total collection perfomance % 123% 114%Net gain on sale of collateral assets % 41% 48%1Portfolio investments 2 741 2 165Book value secured NPLs 1 832 2 544Book value unsecured NPLs 9 710 8 637Book value Investments in joint ventures 781 690Book value Collateral assets (REOs) 1 339 1 2941. Includes the Group's share of portfolios held in SPVs and joint ventures and in addition the reclassification from Profit Participating notes spesified in note 4.3.Servicing 2023 2022Internal servicing revenue 876 704Servicing revenues from Joint ventures 89 101Revenue from external clients (3PC) 285 246Net revenue 1 250 1 051Direct opex - 743 - 668Segment earnings 506 383Segment earnings in % 41% 36%Note 7: Other revenues2023 2022Collection fees, commissions and debtor fees from external collection 372 349Other revenues from contracts with customers 47 48Total revenue from contracts with customers 419 397Revenues from loan receivables 128 118Rental income from collateral assets 14 13Other revenues 8 6Total Other revenues 568 534Other revenues from contracts with customers consists mainly of telemarketing, fraud prevention and credit information services.Note 8: External expenses of services provided2023 2022Fees to court and bailiffs -392 -323External cost portfolio acquisition & search -6 0Other fees for external services, including fees to lawyers for collection services -135 -99Total External expenses of services provided -533 -422Note 9: Personnel expenses2023 2022Wages, salaries and other benefits paid -771 -683Social security costs & payroll taxes -147 -128Defined contribution pension costs -41 -34Cost of external temporary staff -18 -25Other personnel costs, including training and recruitment costs -50 -30Total Personnel expenses -1 027 -900Number of full time equivalents (FTEs) at 31 December 1 607 1 885The pension schemes of the Norwegian companies in the Group follow the requirements under the mandatory pensions act (Norwegian \"Lov om obligatorisk tjenestepensjon (OTP)\")Note 10: Other operating expenses 2023 2022Printing, postage -57 -51IT, telecommunications -124 -102Cost of office premises -32 -30Travel, vehicles, accomodation -24 -22Marketing, business entertaining, meetings, arrangements -14 -18Consultancy fees - non collection services -128 -216Statutory and other corporate costs, including business insurance and trade licences -23 -19Office equipment and supplies -14 -11Impairment of receivables -2 -2Bank charges -9 -8Other expenses -105 -71Total Other operating expenses -532 -551Note 11: Net financial items2023 2022Interest revenue 25 5Gain on other financial instruments (excluding derivatives) 0 0Other financial income 1 1Financial income 26 6Interest expenses -1 044 -665 Interest cost and commitment fees -956 -598 Amortisation of borrowing costs -87 -67Change in fair value of interest rate derivatives -15 92Interest expense on leases -12 -8Loss on purchase of bonds in own bond loans (note 24) -7Loss on other financial instruments (excluding derivatives)1-39 0Other financial expenses -14 -1Financial expenses -1 124 -588Realised exchange gain/(loss) -311 -174Unrealised exchange gain/(loss) 298 168Change in fair value of currency derivatives 0 -19Net exchange gain/(loss) -12 -25Net financial items -1 110 -6071. Including NOK -32 million impact on sale of DCA Bulgaria in 2023.Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2023 and 31 December 2022 are set out below.2023 2022Income tax expense:Current year income tax payable 109 133Change in deferred tax -9 -38Withholding tax 6 0Total tax expense reported in the income statement 105 95Reconciliation between the expected tax expense and the actual tax expense2023 2022Profit before tax 468 421Expected tax expense at Norwegian nominal tax rate of 22% 103 93Difference between local tax rates and the Norwegian nominal tax rate -85 -58Tax effect of permanent differences 80 -340Tax effect of the change in unrecognised deferred taxes 46 456Other differences -39 -56Actual tax expense 105 95Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2023. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2023 2022Taxable temporary differences - non-current itemsTangible and intangible assets 48 45 Purchased loan portfolios 345 280 Loans to group companies and other non-current assets 383 305 Non-current interest bearing loans and borrowings 0 11 Loans from group companies and other non-current liabilities 29 10 805 651 Taxable temporary differences - current itemsOther current assets 123 18 Other current liabilities 0 0 123 18 Deductible temporary differences - non-current itemsTangible and intangible assets 0 -0 Purchased loan portfolios -146 -191 Loans to group companies and other non-current assets -1 -1 Non-current interest bearing loans and borrowings -39 -62 Loans from group companies and other non-current liabilities -29 -1 -215 -256 Deductible temporary differences - current itemsOther current assets -2 -2 Other current liabilities -107 -30 -109 -32 Tax losses carried forward -1 221 -1 033 Gross deferred tax liabilities/(assets) -617 -652 Deferred taxes not recognised 656 624 Net deferred tax liabilities/(assets) 40 -27 Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2023 2022Deferred tax assets -389 -303Deferred tax liabilities 430 27540 -27Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -27 12Deferred tax expense recognised in the income statement -9 -38Deferred tax recognised in other comprehensive income 74Exchange differences 3 -1Deferred tax liabilites/(assets) at 31 December 40 -27Analysis of tax losses available for offset against future taxable income, by year of expiration:2023 2022Within 5 years 287 2 727After 5 years 2 680 2No time limit 2 412 1 607Total tax losses available for offset 5 379 4 336Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 261 1 033Tax losses carried forward at 31 December 2023 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,252 million (NOK 3,178 million) and the Parent company in Norway, NOK 1,402 million (NOK 789 million). The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.Note 13: Earnings per shareBasic earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding the Company's holding of own shares.Diluted earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding the Company's holding of own shares, plus the weighted average number of ordinary shares that would be issued on conversion of all the potentially dilutive ordinary shares into ordinary shares.The following reflects the profit and share data used in the basic and diluted earnings per share computations:2023 2022Profit after tax attributable to parent company shareholders 363 326Number of shares outstanding at 1 January 401 364 824 409 932 598Number of shares outstanding at 31 December 387 180 824 401 364 824Treasury shares (note 22) -18 174 843 -14 184 000Weighted average number of shares during the year 385 708 531 396 339 977Effect of dilution:Option programmes (note 23) 847 288 1 380 824Weighted average number of shares during the year 386 555 819 397 829 196adjusted for the effect of dilutionEarnings per share (in NOK): - Basic 0.94 0.82 - Diluted 0.94 0.82Options granted to employees are considered to be potential ordinary shares. Accord-ingly, they have not been included in the determination of basic earnings per share, but have been included in the determination of diluted earnings per share to the extent that they are dilutive. 9,119,379 options granted in the period 2019 - 2022 are not included in the calculation of diluted earnings per share because exercise price is higher than average stock price 2023 of 7.1763 and therefore they are not considered dilutive for the year ended 31 December 2023. These options could potentially dilute basic earnings per share in the future. Note 14: GoodwillGoodwillAcquisition/purchase costAt 1 January 2022 796Exchange differences 42At 31 December 2022 837Exchange differences 50At 31 December 2023 887ImpairmentAt 1 January 2022 9Impairment 92Exchange differences 5At 31 December 2022 106Disposal 11Impairment 1Exchange differences 1At 31 December 2023 118Net book valueAt 31 December 2022 731At 31 December 2023 769The value of goodwill allocated to the CGUs is tested using a detailed cash flow forecast for a period of ten years. The cash flows from each individual CGU are discounted using a country specific pre-tax WACC ranging from 9.0 % to 10.6 % in 2023 (8.6 % to 10.6 % in 2022). A constant growth rate of 1 % is included after the forecast period to deter-mine the terminal value of the CGUs. Reference to note 4.4 for further details on cost of capital and WACC calculation.The cash flows in the forecast period are based on the management's best estimate reflecting the B2 Impact busi-ness plan for the upcoming period. The impact of changes to key assumptions are considered and assessed for each individual CGU and there have not been any instances identified that would cause carrying amount to exceed the recoverable amount. Other than NOK 1 million impairment of goodwill in France related to the subsidiary in Tahiti there is not recognized any impairment of goodwill in 2023 (NOK 92 million in 2022).The following cash generating units represents 79 % of the carrying value of goodwill at the end of December 2023:Poland GroupAt 31 December 2023, the carrying value of goodwill allocated to Poland Group amounts to NOK 323 million (NOK 302 million in 2022). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 9.5 %.SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses - NACC), France, and its subsidiary Tahiti Encaissements Services, TahitiAt 31 December 2023, the carrying value of goodwill allocated to SAS Veraltis Management, France, and its subsidiary amounts to NOK 285 million (NOK 268 million in 2022). Management have considered and assessed reasonably pos-sible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 9.5 %.In addition, the following cash generating units have been tested for impairment:Company name Allocated goodwillAt 31 December 2023 20221B2 Kapital Portofolio Management S.R.L., Romania20 19Confirmaci\u00f3nde Solicitudes de Cr\u00e9dito Verifica S.A. (Verifica), Spain 93 87Creditreform Latvia SIA, Latvia, and its subsidiaries 33 31Interkreditt AS, Norway 11OK Perinta OY, Finland, and its subsidiaries 6 5Nordic Debt Collection A/S, Denmark 2 2B2Kapital UAB, Lithuania 7 7Total 161 1621. Originally from purchase of DCA Group in Bulgaria with a Romanian subsidiary later merged into B2Kapital Portfolio Managment S.R.L. Note 15: Tangible and intangible assetsImprovements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalAcquisition/purchase costAt 1 January 2022 34 141 204 9 389 778Additions 10 20 65 2 28 125Disposals -4 -28 -10 -6 -19 -67Exchange differences 2 5 9 0 15 32At 31 December 2022 42 139 268 5 414 867Additions 9 37 62 1 22 131Disposals -10 -29 -15 -1 -66 -122Exchange differences 4 15 18 0 32 69At 31 December 2023 45 161 333 6 401 945Improvements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalDepreciation / amortisation and impairmentAt 1 January 2022 25 103 101 5 249 483Depreciation / amortisation charge for the year 3 15 34 2 29 83Impairment losses for the year 1 2 4 8Disposals -4 -22 -6 -4 -12 -47Exchange differences 1 4 5 0 11 21At 31 December 2022 27 103 134 3 281 547Depreciation / amortisation charge for the year 4 17 41 1 33 95Impairment losses for the year 0 0 10 11Disposals -11 -26 -15 -1 -66 -118Exchange differences 2 11 10 0 22 46At 31 December 2023 22 104 170 4 280 580Net book valueAt 31 December 2022 14 36 134 3 133 320At 31 December 2023 22 56 163 2 121 365Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.Note 16: Leases The Group's lease agreements mainly relate to the lease of office premises. Lease liabilities 2023 2022Current lease liabilities 34 32Non-current lease liabilities 148 119182 151Maturity analysis contractual undiscounted cash flows 2023 2022Amounts due within one year 47 40Amounts due between one and five years 132 93Amounts due later than five years 44 55224 188Effects on income statement 2023 2022Depreciation of right-of-use assets -42 -36Interest expense on lease liabilities -12 -8Expense relating to short-term leases -5 -6Expense relating to leases of low value assets -11 -9-71 -58Cash outflows for leases 2023 2022Interest paid on lease liabilities -12 -8Principle paid on lease liabilities -32 -26Expense relating to short-term leases -5 -6Expense relating to leases of low value assets -11 -9-61 -48Please refer to note 15 for information about RoU assets. Note 17: Investments in associated companies and joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership inter-ests. The investments are accounted for under the equity method in accordance with IFRS 11 Joint Arrangements.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2023 2022 2023 2022Hellas 2P Investment Designated Activity Company Ireland Greece 0 % 30 % Joint Venture Equity method 144Hellas 3P Investment Designated Activity Company Ireland Greece 70 % 35 % Joint Venture Equity method 446 242Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method 35 56CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 294 240EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 6 8781 690Hellas 2P Investment DAC and Hellas 3P Investment DACIn 2018, the Group entered into two agreements for co-investments in NPL portfolios in Greece through SPVs. The Group\u2019s share of the participation notes in the SPVs was initially 30 % for the H2P portfolio purchase and 35 % for the H3P porfolio purchase. In January 2023 the Group aquired an additional 70 % ownership of the participation notes in H2P and therefore derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary as of 16 January 2023. Further the Group aquired an additional 35 % of the participation notes in H3P, owning a total of 70 % of the investment as of January 2023 which is still recognised as joint venture. The Group is servicing both H2P and H3P.Glencar ICAVThe Group invested in December 2019 in 30 % of a portfolio in Sweden through subscribing to 30 % of the shares in Glencar 3, a sub-fund of Glencar ICAV. Glencar ICAV with offices in Dublin, Ireland. The portfolio is serviced by the Group.CE Holding Invest S.C.S (Group)31 May 2019 the Group acquired NPL portfolios containing secured corporate receivables in Croatia though a 50/50 joint venture with DDM Debt Group (DDM). As part of the coinvestment structure with DDM, the Group became owner of 50 % of the share capital and voting rights in CE Partner S.\u00e0 r.l. and CE Holding Invest S.C.S. (the \"Joint Venture\") registered in Luxembourg. The Joint Venture is subject, by agreement, to joint controlled shared equally between DDM and the Group. The Group is master servicer for the joint venture.EOS Credit Funding BL DAC / ENB Property Solutions S.R.LIn 2018 the Group became owner of 50 % of the share capital and voting rights in the SPV, EOS Credit Funding BL DAC with offices in Dublin, Ireland (portfolio owner), and ENB Properties Solutions srl with offices in Bucharest, Romania, and has joint control in these two companies.The movements in in the investments in joint ventures are specified in the table below:2023 2022Opening balance 1 January 690 854 Investments in Joint venture 175 Derecognision of Joint venture -158 Profit from investments in associated parties/joint ventures 222 100 Cash flow/dividend from joint ventures -202 -295 Translation differences 54 31 Closing balance at 31 December 781 690 The summarised financial information for the joint ventures is shown below:H2P H3P Glencar CE Holding Invest EOS/ENB 32023 2022 2023 2022 2023 2022 2023 2022 2023 2022Summarised Balance SheetPurchased loan portfolios 478 645 702 116 184 582 462 9 18 Other assets 2 2 47 23 4 4 Cash & cash equivalents 17 18 51 10 11 11 28 5 5 Total Assets 496 663 753 128 198 640 513 18 27 1Liabilities 17 10 43 3 3 47 34 3 10 Net Assets/Equity 479 653 710 125 195 593 478 15 17 Summarised Profit and LossRevenue 6 99 187 76 -39 31 333 233 57 53 Expenses -1 -41 -73 -48 -9 -6 -43 -70 -15 -152Interest -24 -29Net income/loss 5 59 114 28 -48 25 290 163 18 9 The table above show the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes2. Excluding interest to Noteholders3. Calendar year from March to FebruaryNote 18: Other non-current financial assetsFinancial assets at fair value through profit or loss:2023 2022Derivatives (note 4.2) 36 12836 128Financial assets at amortised cost:Loan receivables 200 280Other 135 5336 285At 31 December 372 414Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2023 2022Accounts receivable from contract revenues - gross 38 32Accounts receivable from single transactions - gross 8 5Loss allowance -5 -341 34There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2023 46 23 3 2 3 16 Loss allowance -5 -0 -0 -0 -0 -5 Accounts receivable - net, 31 December 2023 41 23 3 2 3 11 Accounts receivable - gross, 31 December 2022 37 20 5 2 1 8 Loss allowance -3 -0 -0 -0 -0 -3 Accounts receivable - net, 31 December 2022 34 20 5 2 1 6 19.2: Other current assetsAs at 31 December 2023 2022Value added, sales or other taxes receivable 41 41Amounts due from previous owners of purchased loan portfolios 1 8Advances & security deposits paid to suppliers 42 102Prepayments 45 34Amounts due from employees 0 0Derivatives (note 4.2) 12 18Amounts due from joint ventures (note 17) 4 4Accrued income not yet invoiced 21 19Other 110 79Total Other current assets 276 306Note 20: Collateral assetsCollateral assets are assets, mainly real estate, repossessed as part of the management of secured non-performing loan portfolios. Collateral assets are acquired with the purpose of subsequent resale in the near future, however there may be improvements or actions needed in order to optimize prices.2023 2022Opening balance 1 January 1 294 1 284Additions 309 340Disposals -351 -391Write-down -2 -1Exchange differences 90 63Closing book value at 31 December 1 339 1 294Which consists of: 2023 2022Retail Properties 499 484Non-retail properties 793 749Other 48 62Total 1 339 1 294Retail properties is related to private housing and non-retail properties to commercial buildings 2023 2022Rental income 14 13Revenue from sale of collateral assets 499 581Cost of collateral assets sold, including impairment -353 -392Direct operating expenses -25 -16Operating profit/(loss) from collateral assets 135 187Rental income is presented in the line \"Other revenues\" in the consolidated income statement. Direct operating expenses are directly related to the collateral assets and include repairs and maintanance costs, insurance, valuation costs and other similar types of running costs. Direct operating expenses are included in either \"Expenses of external services provided\" or \"Other operating expenses\" depending upon the nature of the expense.Note 21: Cash and cash equivalents2023 2022Cash at banks - unrestricted balances 1 356 1 141 - tax deductions from employee payroll 0 0 - other restricted balances 9 101 366 1 151Short term deposits 39 251 404 1 176Cash at banks earns interest at floating rates which are based on bank deposit rates. Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.Other restricted balances represent deposits paid into a short term escrow account in connection with, for example, the acquisition of loan portfolios or guarantees provided by third parties.For the purpose of the statement of cash flows, cash and cash equivalents comprise the cash and current deposits balances in the table above.Note 22: Share capital and other paid-in capitalOrdinary shares have a nominal value of NOK 0.10 each. The number and value of authorised and registered shares, and the amount of other paid-in capital, being the premium on shares issued less any transaction costs of new shares issued, was as follows:Ordinary sharesShare capitalOther paid-in Number of Share capital capital 2 shares 1NOK millNOK millAt 1 January 2022 409 932 598 41 2 843Capital reduction registered 28 July 2022 related to the share buy-back programme endend 31 March 2022 -8 767 774 -1 Capital increase registered 20 October 2022 related to issuance of ordinary shares 200 000 0 1At 31 December 2022 401 364 824 40 2 844Capital reduction registered 27 July 2023 related to the share buy-back programme ended December 2022 -14 184 000 -1 At 31 December 2023 387 180 824 39 2 844At 25 April 2024 (the date of completion of these financial statements) 387 180 824 39 2 844Treasury shares2023 2022At 1 January 14 184 000 3 043 082Share buy-back 18 874 843 19 908 692Capital reduction -14 184 000 -8 767 774Excersised share options -700 000At 31 December 18 174 843 14 184 000 1. Including 18,648,672 treasury shares puchased in the 2023 Share buy-back program.2. Net proceeds after transaction costs.The Company's second share buy-back program started 27 May 2022 was completed in December 2022. The pur-pose of the program was to reduce the capital of the Company. In total 14,184,000 shares were bought back at an average price of NOK 8.31 per share and the share capital reduction of NOK 1.4 million was effective as of 27 July 2023. The Company announced a third share buy-back program 25 May 2023 with duration from 26 May 2023 until the Annual General Meeting 2024 at the latest. The purpose of the program is to reduce the capital of the Company and will be for a maximum of 25 million shares and comprise acquisitions of own shares for an aggregated amount of up to NOK 162.6 million. 12 January 2024 the Board decided to pause the acquisition of own shares with remaining authority for share buy-back of 5.65 million shares or NOK 31 million granted by the Annual General Meeting in May 2023.At 31 December 2023 18,874,843 shares were bought back at an average price of NOK 6.79 per share, where-of 18,001,500 shares were settled transactions as of 31 December 2023. During fourth quarter the Company used 700,000 of its own shares (treasury shares) to honour obligations in connection with employee incentive arrange-ments. As at 31 December 2023 the Company owned a total of 18,174,843 own shares corresponding to 4.69 % of the Company\u2019s share capital, decreasing the equity attributable to the Company's shareholders by NOK 121 millions. At 25 April 2024, the date of completion of these financial statements, a total of 19,348,672 shares were bought back at an average price of NOK 6.81, decreasing the equity attributable to the Company's shareholders by NOK 128 million. The Company owns a total of 18,648,672 own shares corresponding to 4.82 % of the Company's share capital. The Board will propose to the Annual General Meeting 2024 that approximately NOK 31 million of the remaining capacity under the share buy-back program initiated in May 2023 will be distributed to the Company's shareholders together with a cash dividend for 2023 of NOK 0.62 per share. With the distribution the share bay-back program for 2023 is complete and the Board will propose to the Annual General Meeting 2024 to decrease the parent Company\u2019s share capital by cancellation of its 18,648,672 treasury shares acquired under the share buy-back program. A creditor deadline of six weeks will apply before implementation.Dividend paid to parent company's shareholders in 2023, for 2022, amounted to NOK 0.20 per share. Proposed total dividend and distribution for 2023 is NOK 0.70 per share.Mandates granted to the Board of Directors:On 25 May 2023 the General Meeting of the shareholders of B2 Impact ASA granted the Board a right to increase the share capital (i) in connection with acquisitions and raising of equity by up to NOK 3,871,808, equivalent to 10 % (rounded)of the Company\u2019s share capital, and (ii) to honor options granted by the Company by up to NOK 1,364,635. The General Meeting on 25 May 2023 also granted the Board a right to acquire own shares (treasury shares) in B2 Impact ASA from the shareholders in the company up to a total nominal value of NOK 3,871,808, equaling 10 % (rounded) of the share capital. The maximum amount to be paid per share is the volume weighted average price as quoted on the Oslo Stock Exchange for the five business days prior to the time of the acquisition plus 5 %, and the minimum amount is NOK 0.10. Treasury shares acquired may be utilized to either fulfil the Company's obligations in connection with acquisitions, employee incentive arrangements, fulfilment of earn-out arrangements, be sold to strengthen the Company's equity or be cancelled.Each of the said authorisations provided to the Board are valid until the Company's Annual General Meeting in 2024, but no longer than to and including 30 June 2024. Shares owned by executive management and Board of DirectorsThe number of shares owned directly or indirectly by the Board of Directors and executive management at 31 Decem-ber 2023 were as set out below. For details of options granted to the Board of Directors and executive management, please refer to note 23.Name Position Number of shares1Erik Just Johnsen Chief Executive Officer 2 460 680Endre Solvin-Witz\u00f8 Chief Investment Officer 125 000Adam Parfiniewicz 2Head of Unsecured Asset Management 6 000Harald L. Thorstein Chair of the Board of Directors 360 0003, 5Karl Henrik Wennerholm Board member 1 960 0004Trond Kristian Andreassen Board member 300 000Adele Bugge Norman Pran Board member 90 0005Ellen M. Hanetho Board member 33 354For further information regarding shares and shareholders, please refer to note 11 to the parent company financial statements.1. Erling Johnsen AS, an entity controlled by Erik J. Johnsen holds 2,080,000 shares. In addition, Erik J. Johnsen holds 235,000 shares and persons related to him holds 145,680 shares.2. Adam Parfiniewicz holds 6,000 shares through a nominee account.3. Femwen AS, an entity controlled by Karl Henrik Wennerholm holds 1,860,000 shares. In addition, Karl Henrik Wennerholm holds 100,000 shares through a nominee account.4. Vimar AS, an entity controlled by Trond Kristian Andreassen, holds 300,000 shares.5. Board members since December 2023.Note 23: Share based payments23.1 Option programThe Group has granted share options to management and selected key employees according to the Group's remuneration policy. As of the date of completion of these financial statements, there were 9,756,667 options outstanding. All of the Company\u2019s option agreements include a clause regarding accelerated vesting meaning that if 50.1 % of the shares in the Company are sold to an acquirer, all outstanding options are vested. In case of a merger, the grantee shall if possible be granted an equal share option in the merged company. If this is not possible, the grantee will have the right to exercise all the options prior to the merger.Movements during the yearThe following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year.2023202320222022NumberWAEPNumberWAEPOutstanding 1 January 10 930 000 7.820 10 610 000 9.345 Granted during the year 2 110 000 8.050 Exercised during the year -700 000 3.798 -200 000 4.000 Forfeited during the year -263 333 8.277 -240 000 7.720 Expired during the year -1 350 000 9.345 Outstanding at 31 December 9 966 667 7.952 10 930 000 7.820 Exercisable at 31 December 8 076 668 7.841 5 793 328 7.820 Due to changes in the executive management in 2023, 263,333 not vested share options were terminated in line with the standards in the Long Term Intensive Plan. Further 700,000 share options were exercised by former members of the executive management, decreasing the equity attributable to parent company shareholders by NOK 2 million. No new share options were granted or expired in 2023. At 31 December 2023, the range of exercise prices and weighted average remaining contractual life of the options were as follows: Outstanding options Vested optionsWeighted Weighted Weighted Weighted OutstandingaverageaverageOutstandingaverageaverageoptions as ofremaining exerciseoptions as ofremaining exerciseExercise price31 December 2023contractual lifeprice31 December 2023contractual lifeprice0.00 - 8.00 3 716 667 2.5 5.887 2 503 335 2.5 4.936 8.01 - 9.00 1 400 000 0.5 8.430 1 400 000 0.5 8.430 9.01 - 9.99 4 850 000 1.4 9.396 4 173 333 1.4 9.386 Total 9 966 667 1.7 7.952 8 076 668 1.6 7.841 At 31 December 2022, the range of exercise prices and weighted average remaining contractual life of the options were as follows: Outstanding options Vested optionsWeighted Weighted Weighted Weighted OutstandingaverageaverageOutstandingaverageaverageoptions as ofremaining exerciseoptions as ofremaining exerciseExercise price31 December 2022contractual lifeprice31 December 2022contractual lifeprice0.00 - 8.00 2 500 000 2.5 4.000 1 666 662 2.5 4.000 8.01 - 9.00 3 510 000 3.3 8.222 700 000 3.3 8.452 9.01 - 9.99 4 920 000 2.4 9.426 3 426 666 2.4 9.480 Total 10 930 000 2.7 7.824 5 793 328 2.6 7.7 78Note 24: Interest bearing loans and borrowings2023 2022Non-currentMulti-currency revolving credit facility 4 489 4 025Senior Facility Agreement 152 1 208Bond loan 3 329 3 6537 970 8 8852023 2022CurrentBond loan 2 245 1 201Bank overdraft 225 1312 470 1 332Interest bearing loansThe Group is financed by the following loans; (i) a EUR 610 million senior secured multi-currency revolving credit facility agreement (RCF), including a multi-currency cash pool with a EUR 40 million overdraft, which matures in June 2025. (ii) a EUR 200 million senior unsecured bond with maturity in May 2024, (iii) a EUR 300 million senior unsecured bond with maturity in September 2026 and (iv) EUR 180 million senior secured facility agreement (SFA) with PIF Barbican S.\u00e0 r.l. (Pimco as original noteholder) with maturity in 2027. The RCF, SFA and the bond loans carry a variable interest rate based on the interbank rate in each currency plus a margin supplement. In addition, there is a commitment fee on the facility agreements, which is calculated as a per-centage of the loan margin on the undrawn part of the credit facilities. The overdraft carries a facility line fee. The loan agreements have a number of operational and financial covenants, including limits on certain key indicators, which have all been complied with as of 31 December 2023. There are no instalments to be paid before maturity. At 31 December 2023, PLN 815 million, SEK 975 million, DKK 260 million and EUR 95 million, in total EUR 406 million, was utilised from the EUR 570 million RCF, leaving an available, undrawn amount of EUR 164 million. The multi-currency overdraft facility of EUR 40 million was utilised with EUR 20 million, leaving an available, undrawn amount of EUR 20 million. The SFA facility of EUR 180 million was utilised with EUR 16 million, leaving an available, undrawn amount of EUR 164 million. The EUR 610 million RCF is secured by guarantees issued by B2 Impact ASA, a share pledge over B2 Impact ASA's 100 % directly owned subsidiaries, an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to its subsidiaries. The SFA is fully securitised, but with no recourse to B2 Impact. The bond loans are unsecured. Details of the interest rates, maturity and outstanding nominal values by currency at 31 December 2023 and 31 December 2022 are summarised below:Outstanding nominalAt 31 December 2023 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.5 % + WIBOR 2025 2 111SEK 3.5 % + STIBOR 2025 988EUR 3.5% + EURIBOR 2025 1 068DKK 3.5 % + CIBOR 2025 392Bond loans EUR 6.35 % + 3M EURIBOR 2024 2 248EUR 6.90 % + 3M EURIBOR 2026 3 372Senior Facility Agreement EUR 4.55 % + 3M EURIBOR 2027 17810 357Outstanding nominalAt 31 December 2022 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.25 % + WIBOR 2025 1 572SEK 3.25 % + STIBOR 2025 922EUR 3.25 % + EURIBOR 2025 1 262DKK 3.25 % + CIBOR 2025 3681Bond loansEUR 4.75 % + 3M EURIBOR 2023 2 103EUR 6.35 % + 3M EURIBOR 2024 2 103EUR 6.90 % + 3M EURIBOR 2026 1 577Senior Facility AgreementEUR 4.55 % + 3M EURIBOR 20271 24111 1471. Includes NOK 903 million treasury bonds.The repayment schedule by currency at 31 December 2023 and 31 December 2022 is shown in the table below: Multi-currency revolving credit facility SFA Facility Bond loan At 31 December 2023All CCY'sEUREUR Total NOK20242 248 2 24820254 559 4 55920263 372 3 372After 2026 178 1784 559 178 5 620 10 357 Multi-currency revolving credit facility SFA Facility Bond loan At 31 December 2022All CCY'sEUREUR Total NOK20232 103 2 1032024 2 103 2 1032025 4 123 4 123After 2025 1 241 1 577 2 8184 123 1 241 5 783 11 147Financial covenantsThe financial covenants at 31 December 2023 for the bond loans are summarised below. All covenants have been met at 31 December 2023 and 31 December 2022.The financial covenants for the bond loan are as follows:Requirement 2023 2022Secured loan to valueMaximum 65 % 24 % 30 %Leverage ratio Maximum 4.0 1.9 2.3Net interest cover ratio Minimum 4.0 5.1 6.9The financial covenants for the RCF are as follows:Borrowing base ratio, Equity ratio, Actual collection vs. IFRS forecast, Total loan to value ratio and Interest cover ratio.The Borrowing base ratio is measured on \"restricted group\" (excluding SFA).The financial covenants for the SFA are as follows:Loan to value ratio, Loan to CREV ratio (Principal amount outstanding under the SFA divided by certain type of property valuations stated in the SFA), Cashflow cover ratio and Loan to CREV consentration ratio. All covenants are measured on the no recourse structure. If the group fails to comply with the financial covenants, all loan agreements have a grace period after notice thereof is given to the counterparties before default is declared.Bank borrowings secured by pledged assets 2023 2022RCF4 489 4 025SFA 152 1 2084 641 5 232Balance sheet value of pledged assets 2023 2022RCF: Share Pledge 3 746 3 733RCF: Intra Group Loan receivable 2 980 5 0936 726 8 826At 31 December 2023, the RCF is secured by a share pledge over B2 Impact ASA's shares in B2Kapital Holding S.\u00e0 r.l., an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to B2Kapital Holding S.\u00e0 r.l.. The SFA is fully securitized (pledge in assets, bank accounts, portfolios, intercompany loans/notes and servicing agreements), but with no recourse to B2 Impact. The bond loans are unsecured.Changes in liabilities arising from financing activitiesThe table below shows reconciliation of cash flows from financing activities to interest bearing liabilities in the statement of financial position.Interest Foreign Changes in expense and At 1 exchange fair values New amortization of At 31 2022January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 6 825 3 537 282 53 -1 811 8 885Other non-current liabilities 93 -3 67 -24 133Current interest bearing loans and borrowings 2 400 -2 966 -57 14 1 811 1 201Other current liabilities 309 -620 2 -1 598 108 396Total liabilities from financing activities 9 626 -50 227 -4 67 665 85 10 6162023Non-current interest bearing loans and borrowings 8 885 383 725 80 -2 103 7 970Other non-current liabilities 133 49 63 11 256Current interest bearing loans and borrowings 1 201 -1 265 198 8 2 103 2 245Other current liabilities 396 -1 051 4 0 956 2 103 411Total liabilities from financing activities 10 616 -1 933 926 48 63 1 044 118 10 882Other non-current liabilities and Other current liabilites in the Consolidated statement of financial positions includes both financial activites, such as accrued interest on interest bearing loans, lease liabilites and derivatives, and non-financial activites. The non-financial activities are classified as Other in table above.Hereof interest bearing liabilities 2023 20221 10 215 10 087 Interest bearing loans and borrowings Accrued interest on interest bearing loans and borrowings (see note 27) 87 82 Lease liabilities (see note 16) 182 151 10 484 10 3201. Including EUR 86 million treasury bonds in 2022.Note 25: Other non-current liabilitiesFinancial liabilities at fair value through profit or loss 2023 2022Derivatives (note 4.2) 49Other 55 7104 7Financial liabilities Lease liabilities (note 16) 148 119148 119Other non-financial liabilitiesPost-employment liabilities 4 74 7256 133Note 26: Accounts and other payables2023 2022Accounts payable 64 78Vendor financing 26 47Amounts owed to third party collection customers 10 16Amounts prepaid by loan debtors 59 41Other payables 16 27174 209Accounts payable, amounts prepaid by loan debtors and amounts owed to third party collection customers are non-interest bearing and are normally settled within 30 days. Vendor financing is non-interest bearing and relates to portfolio purchases not yet fully paid but normally due within 6 months. NOTE 27\ue61a Other current liabilitiesOther liabilities 2023 2022Amounts due to employees 142 131Accrued interest on external loans 87 82Accrued costs of external collection services and other expenses 48 76Lease liabilities (note 16) 34 32Other 33 28344 351Indirect taxes payableValue added taxes / sales taxes payable 28 9Payroll taxes payable 13 12Social security payable 25 22Other indirect taxes payable 1 167 45411 396Amounts due to employees are accruals for fixed and variable salaries and includes accruals for holiday entitlements according to local regulations and practices. Interest payable on loans and borrowings is normally paid quarterly throughout the financial year. Indirect taxes are non-interest bearing and are payable on a regular basis to the relevant national tax authority. Social security payable at 31 December 2023 and 31 December 2022 includes the accrued social security costs of the share option programmes described in note 23. Note 28: Commitments28.1 Lease commitments - Group as lesseeThe Group has entered into leases for office premises, motor vehicles and office equipment. The lease payments for the majority of the office premises lease contracts are adjusted according to the consumer price index, have an extension option and have an average life of between 12 months and 9 years. There are no restrictions placed upon the lessee under the lease contracts to use the office premises in the normal course of business. The commitments related to future payments on lease agreements are presented in note 16. 28.2 Forward flow commitments The Group has committed to buy non-performing debt portfolios for delivery in future periods (forward flow contracts) in the following segments. The estimated face value and purchase price of contracts are based on the maximum face value in the purchase agreement or best estimate if there are not any maximum amounts in the purchase agreements. The Group is entitled to terminate the agreements with less than 12 months notice. At 31 December, the non-cancellable part of these commitments were as follows:2023 2022Face value Purchase price Face value Purchase price666 211 240 99Note 29\ue61a Related party disclosureThe Group's related parties include the executive management team, Board of Directors of the parent company, associated companies and joint ventures (note 17). No loans or guarantees have been given to members of the management, the Board of Directors or other elected corporate bodies. Compensation of key management of the Group 2023 2022Base salary 26 27Benefits 1 1Short term incentive 8 11Share-options 2 6Pension 2 3Total compensation to key management personnel 39 48CEO and the executive management have received bonus according to the bonus program described in the Remu-neration report. No additional remuneration are paid for special services outside the normal functions within the given manager positions. Short term incentive includes yearly bonus awarded for the reporting period while the other amounts disclosed in the table are the amounts recognised as an expense during the reporting period. The Board of Directors compensation was NOK 3.3 million in 2023 (NOK 3.3 million in 2022) including any additional fees to members of Audit Committee and Remuneration Committee. Transactions with associated companies and joint ventures:See note 17 for transactions with associated companies and joint ventures. Group companiesCompanies in the Group are also related parties. Intra-group related party transactions and outstanding balances are eliminated in the preparation of the consolidated financial statements of the Group. Sales to and purchases from intra-group related parties are made at normal market prices as the transactions are performed on the same terms as unrelated parties. Outstanding intra-group balances at the year end are unsecured and interest free, other than for interest-bearing loans.B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned Company nameincorporation Segmentby B2 Impact ASA 2023 2022B2 Impact ASA (Parent company of the Group) Norway1Interkreditt ASNorway Servicing 100 %Interkreditt Kapital AS Norway Investments 100 % 100 %Veraltis Group S.\u00e0 r.l. Luxembourg \ue619 100 % 100%BackB Investments S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100%B2Kapital Holding S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %ULTIMO SA Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Securitisation Fund & Invest TAKTO SKA Poland Other 100 % 100%Sileo Holding AB Sweden Other 100 % 100 %Sileo Kapital AB Sweden Investments/servicing 100 % 100 %OK Perint\u00e4 OY Finland Investments/servicing 100 % 100 %Nordic Debt Collection A/S Denmark Investments/servicing 100 % 100%OK Incure O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %B2Kapital SIA Latvia Investments/servicing 100 % 100 %Creditreform Latvija SIA Latvia Investments/servicing 99.5 % 99.5 %Crefo Rating SIA Latvia Other 100 % 100 %AS Crefo Birojs Latvia Other 100 % 100 %UAB B2Kapital Lithuania Investments/servicing 100 % 100 %B2 Kapital d.o.o Croatia Investments 100 % 100 %B2 Real Estate d.o.o Croatia Investments 100 % 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. (former BSP Consulting d.o.o.) Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia ServicingVeraltis Asset Management Podruznica d.o.o. (Branch) Slovenia ServicingB2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %Bosnia and B2Kapital d.o.oHerzegovina Investments/servicing 100 % 100 %B2Kapital d.o.o2Montenegro Investments 100 % 100 %B2Kapital GmbH3Austria Other 100 % 100 %B2Kapital Czech Republic s.r.o Czech Republic Investments 100 % 100 %B2Kapital Hungary Zrt Hungary Investments/servicing 100 % 100 %B2Kapital Portfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL (former B2 Real Estate Management S.R.L.) Romania Servicing 100 % 100 %B2 Kapital Finance I.F.N. S.A. Romania Other 100 % 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %Debt Collection Agency EAD4Bulgaria Investments/servicing 100 % 100 %Smart Collect EOOD4Bulgaria Investments/servicing 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA (former B2Kapital AE) Greece Servicing 100 % 100 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Gabuyd Ltd5Cyprus Investments 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital S.r.l.3Italy Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l Italy Investments 100 % 100 %Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U Spain Servicing 100 % 100 %SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses) France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Interkreditt AS was sold in March 2023.2. B2 Kapital d.o.o. (Montenegro) was sold in December 2023 and the transaction is expected to be closed in 2024.3. In process of liquidation.4. The sale transaction of Debt Collection Agency EAD and its fully owned subsidiary Smart Collect EOOD was closed in September 2023.5. Gabuyd Ltd was sold in February 2024.Note 30\ue61a Fees to auditorsEY 2023 2022Audit fees 13 11 Fees for further assurance services 0 0 Fees for tax advise 1 0 Total 14 12 VAT is both included and not included in the fees specified above, depending on if the receiving company can deduct VAT. Note 31: GuaranteesB2 Impact ASA has issued a guarantee limited to EUR 900 million with the addition of any and all interests, default interests, costs and expenses to DNB Bank ASA as Agent on behalf of itself, Nordea Bank ABP, Branch of Norway and Swedbank AB in connection with the provision of the Group's senior secured multi-currency revolving credit facility of EUR 610 million. The guarantee was issued on behalf of the borrower under the multi-currency revolving credit facility, B2 Impact ASA's 100 % directly owned subsidiary, B2Kapital Holding S.\u00e0 r.l. The total utilised nominal amount under the facilities at 31 December 2023 was EUR 426 million. B2 Impact ASA has granted a soft guarantee to Senior Noteholders in the SFA which cover all reporting obligations in the related financing documents. B2 Impact ASA has issued two office rental guarantees: (i) With effect from 10 October 2017 in favour of the lessor of the Group's offices in Gothenburg, Sweden. In 2021 the rental agreement was extended 3 years if not cancelled within a specified date. Although the guarantee is unlimited, the Group estimates that its exposure for the remaining rental period is limited to the yearly rental cost for the period, which amounts to SEK 2.7 million. (ii) With effect from 19 December 2017 in favour of the lessor of the Group's offices in Wroclaw, Poland. The guarantee agreement is limited to the aggregated amount of EUR 402,000, which are ment to cover 3 months office rental cost, and are valid until 90 days following the rental agreement maturing in June 2031.Note 32\ue61a Subsequent eventsThe Board of Director's has proposed for the Annual General Meeting 2024 to pay a cash dividend of NOK 0.62 per share for 2023 and a share buyback program of NOK 0.08 per share for the financial year 2023. In January 2024 B2 Impact placed a new EUR 100 million senior unsecured bond with maturity in January 2028 at a couponof 3 month EURIBOR +5.00 % p.a. Further a tap issue of EUR 50 million to this bond was completed in February 2024 at a price of 101.25 % of par. The bond with the total outstanding amount of EUR 150 million will be registered at Oslo Stock Exchange. The net proceeds were used to repurchase and redeem all outstanding bonds in B2H05.Note 33\ue61a Contingencies and other matters Out of prudency, B2 Impact has made a provision for a smaller portion of the potential fine in connection with alleged breaches of GDPR regulations in Croatia. The decision from the Croatian Data Protection Agency has been appealed.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__7": {
"value": "1.1 General informationB2 Impact ASA (the Company or Parent) and its subsi- diaries (together the Group) is a pan-European debt investor and servicer. The business consists of purchase, management and collection of unsecured and secured non-performing loans.B2 Impact ASA is a Norwegian public limited company listed on the Oslo Stock Exchange (Oslo B\u00f8rs) with ticker B2I. The Company\u2019s registered office is at Cort Adelers gate 30, 0254 Oslo, Norway.The consolidated financial statements of the Group for the year ending 31 December 2023 were authorised for issue in accordance with a resolution of the Board of Directors on 25 April 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__10": {
"value": "B2 Impact ASA",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__9": {
"value": "B2 Impact ASA",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__8": {
"value": "B2 Impact ASA",
"dimensions": {
"concept": "ifrs-full:NameOfUltimateParentOfGroup",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__12": {
"value": "ASA",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__11": {
"value": "The business consists of purchase, management and collection of unsecured and secured non-performing loans",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__13": {
"value": "Oslo",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__14": {
"value": "Cort Adelers gate 30, 0254 Oslo, Norway.",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__17": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__15": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__16": {
"value": "The consolidated financial statements of the Group for the year ending 31 December 2023 were authorised for issue in accordance with a resolution of the Board of Directors on 25 April 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__19": {
"value": "1.2 Basis of preparationThe consolidated financial statements of B2 Impact ASA and its subsidiaries have been prepared in accordance with International Financial Reporting Standards (IFRS\u00ae Accounting Standards) as adopted by the European Union (EU) and Norwegian Authorities, effective as of 31 December 2023.The consolidated financial statements have been prepared on a historical cost basis except for the following assets and liabilities that are measured at fair value:\u2022 derivatives,\u2022 contingent considerations arising from business combinations,\u2022 participation loan/notes, and\u2022 structured bond and investment fundsPreparation of the financial statements, including note disclosures, requires management to make estimates and assumptions that affect amounts reported. Actual results may differ. See note 3 \u201cCritical accounting judgments and key sources of estimation uncertainty\u201d.The functional currency of B2 Impact ASA is the Norwegian krone (NOK). The B2 Impact Group consolidated financial statements are presented in NOK and all values are rounded to the nearest million (NOK\u2019000 000) except when other- wise indicated. B2 Impact ASA has been granted permission from the Norwegian authorities to publish the Group accounts in English only.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__18": {
"value": "1.2 Basis of preparationThe consolidated financial statements of B2 Impact ASA and its subsidiaries have been prepared in accordance with International Financial Reporting Standards (IFRS\u00ae Accounting Standards) as adopted by the European Union (EU) and Norwegian Authorities, effective as of 31 December 2023.",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__20-1": {
"value": "The functional currency of B2 Impact ASA is the Norwegian krone (NOK). The B2 Impact Group consolidated financial statements are presented in NOK and all values are rounded to the nearest million (NOK\u2019000 000) except when other- wise indicated. B2 Impact ASA has been granted permission from the Norwegian authorities to publish the Group accounts in English only.2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other compre-hensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their income state-ments are translated at the average exchange rates for the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__21": {
"value": "1.3 Consolidation principlesThe consolidated financial statements include B2 Impact ASA and its subsidiaries. Subsidiaries are entities in which B2 Impact ASA has control. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. As of 31 December 2023, B2 Impact ASA has more than 50 % of the voting power in all subsidiaries. All intercompany transactions and balances including profit and loss resulting from these transactions are eliminated in full upon consolidation.A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non- controlling interest and other components of equity, while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__22-1": {
"value": "1.4 New and amended standards adopted by the GroupB2 Impact Group has implemented the amendment to IAS 1: Presentation of Financial Statements and IFRS Practice Statement 2 to disclose material accounting policy informa-tion. Besides that, B2 Impact Group has not implemented any new accounting standards during 2023.1.5 New and amended standards issued but not yet effective The Group has not early adopted new and revised IFRS standards which are not yet mandatory or effective. The Group does not expect that the adoption of these accounting standards in future periods will have a material impact on the financial statements.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__24": {
"value": "Note 2: Accounting principles 2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. According to this method, acquisitions of subsidiaries are viewed as transactions by which the Group indirectly acquires the subsidiary\u2019s assets and assumes its liabilities and contingent liabilities and values those assets and liabilities meeting the conditions for recognition under IFRS 3 Business Combinations, at their fair value on the acquisition date.The purchase price consists of the fair value of the consideration given on the transfer date, including any conditional purchase consideration which is recognised as a liability at fair value at the acquisition that date.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary. If purchase price exceeds the net fair value of the identi- fiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impair-ment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then pro-rate to the other assets of the unit on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period. On disposal of an operating unit within a CGU to which goodwill has been allocated, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal.2.2 Investments in associated companies and joint venturesAn associated company is an entity over which the Group has the ability to exercise significant influence and that is not a subsidiary or a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments in associated companies are accounted for using the equity method.A joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint arrangement require the unanimous consent of the parties sharing control. Joint arrangements which represent a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is classified as joint ventures. For further details about investments in associated compa-nies and joint ventures see note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acqui-sition date. The equity method is applied from the date a significant influence arises until the time it ceases, or the associated company or joint venture becomes a sub-sidiary. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the associates and joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in associates and joint ventures are tested for impairment when there are indications that these investments may be impaired. 2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other compre-hensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their income state-ments are translated at the average exchange rates for the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non- performing loans and debt, purchased at prices signifi- cantly below the nominal receivable. They are recognised at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Purchased loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period. The credit- adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when ap p- ro priate a shorter period, to the net carrying amount of the financial asset.In connection with purchased loan portfolios, the effective interest rate is calculated based on the acquisition cost including all transaction costs and estimated future cash flows which includes the nominal amount, reminder fees, collection fees and late interest that, based on a probability assessment, are expected to be received from debtors.Each portfolio is initially recorded in the statement of financial position at cost and including all transaction costs. Subsequent price adjustments for portfolios acquired are recorded as an adjustment to the statement of financial position. Interest income on purchased loan portfolios is accrued monthly in the income statement based on each portfolios credit adjusted effective inter-est rate. Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \"Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. Typically, each portfolio consists of an individual acquisition of receivables. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can there- fore vary from each pool based on content of the pool.Unidentified receipts and excess paymentsThe Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender is made, but failing this the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Collateral assets In connection with the acquisition and recovery of pur-chased loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.5 SegmentsSegment reporting was changed from 1 January 2023. The operative segments for the Group are now Invest-ments and Servicing, while these were previously defined based on the geographical markets. An operating segment is a part of the Group that generates income and incurs expenses and for which separate financial information is available that is evaluated regularly by the chief operating decision maker, the Chief Executive Officer, in deciding how to assess performance and allocate resources to the operating segment.2.6 Revenue from contracts with customerThe Group applies IFRS 15 Revenue from Contracts with Customers five-step model whereby revenue is recog-nised at an amount which reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes and duties. Revenue from contracts with customers are mainly revenue from external collection, telemarketing, fraud prevention and credit information services. Revenue from contracts with customers is presented in one-line item in the consolidated income statement as part of \u201cOther revenues\u201d and specified in note 7 Other revenues.2.7 TaxesCurrent income taxIncome tax assets and liabilities for the current and prior periods are measured at the amount expected to be recov-ered from or paid to the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the balance sheet date in the countries where the Group operates. When there is uncertainty regarding whether particular tax treatments made in tax filings will be accepted by the tax authorities, but acceptability is probable, accounting tax positions are determined consistently with the treament in the tax filings. If acceptability is not probable, the uncertainty is reflected when determining the accounting tax positions.Income tax relating to items recognised directly in other comprehensive income or equity is recognised in other comprehensive income or equity and not in the income statement. Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or sub-stantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets and over the remaining expected term of the property lease for improvements to rented offices, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of six months to ten years but may have extension or termination options.Contracts may contain both lease and non-lease com-ponents. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially meas-ured on a present value basis. Lease liabilities include the net present value of the contractual lease payments.The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commence-ment date less any lease incentives received,\u2022 any initial direct costs\u2022 restoration costsRight-of-use assets are generally depreciated on a straight-line basis over the shorter of the asset\u2019s useful life and the lease term.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recog- nized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or as a part of a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensedas incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumu- lated impairment losses, if any. Intangible assets with finite lives are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed and adjusted if appropriate at each reporting date. The amortization expense on intangible assets with finite lives is presented in the income statement as part of \u201cDepreciation and amortisation\u201d. The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.2.12 DerivativesThe Group uses the following derivative financial instru-ments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense. Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention and legally enforceable right to settle the contracts net. 2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires. 2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include:\u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.2.16 ProvisionsProvisions such as workforce reductions, onerous contracts and legal claims are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are measured at management\u2019s best estimate of the expenditure required to settle the obligation at the reporting date and are discounted to present value. Where the Group expects full or partial reimbursement of the expense related to the provision, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.2.17 Pensions and other post-employment liabilitiesDefined contribution pension plans:The Group has a series of defined contribution pension plans which are pension plans under which the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual, or voluntary basis. The contributions are recognised as employee benefit expense when they are due.The Group has no legal or constructive obligations to pay further contributions if the fund does not hold suffi-cient assets to pay all employees the benefits relating to employee service in the current and prior periods and therefore does not record a pension liability in the state-ment of financial position. Other post-employment liabilities:The Group\u2019s employees in certain jurisdictions are entitled to one month\u2019s severance pay in the event of old-age or disability retirement, in accordance with national labour regulations. This post-employment liability is based on a valuation carried out by a profe- ssional actuarial firm. Provisions for other termination benefits are created once employment is terminated.2.18 Share based paymentsMembers of the executive management and some key employees may receive remuneration in the form of share-based payments that are considered as equity- settled share-based payments.The cost of equity-settled transactions is determined by the fair value at the date when the grant is made, see further details in note 23 Share based payments. The fair value reflects market performance conditions, while service and non-market performance conditions are not considered. The cost is recognised as personnel costs, with a corresponding increase in other capital reserves, over the vesting period. The cumulative ex-pense recognised at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest. The Group is obliged to withhold and pay an amount and report the full amount, to local tax authorities for the employee\u2019s tax obligations associated with redemption of vested share options. In addition, the Group may be obliged to report and pay social security tax.No expense is recognised for awards that do not ultimately vest because of non-market performance and/or service conditions not being met. Where an award is cancelled by the entity, any remaining element of the fair value of the award is expensed immediately through profit or loss.The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. For further details, see note 13 Earnings per share.2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments as described in note 2.18 above.The effects of exchange differences on translation of foreign currency are included as a separate component of equity.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the Parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currency risk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income, while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.2.20 DividendsThe Group recognises a liability to pay a dividend to ownersof equity once it has been approved by the shareholders at the Annual General Meeting. A corresponding amount is recognised directly in equity.Dividend revenue is recognised when the Group\u2019s right to receive the payment is established, which is generally when the shareholders have approved the dividend.2.21 Classification in the statement of financial positionCurrent assets and liabilities include items due less than one year from the reporting date and, if longer, items tied to the operating cycle. Other assets are classified as non-current assets. The current portion of long-term debt is included as current liabilities.2.22 Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also related if they are subject to common control or common significant influence. All transactions between the related parties are based on the principle of \u2018arm\u2019s length\u2019 (estimated market value).2.23 Consolidated statement of cash flowsThe indirect method is used for the consolidated statement of cash flows which reconciles the change in cash and cash equivalents to the profit/(loss) for the year before tax. For the purpose of the consolidated statement of cash flows, cash and cash equivalents, defined in section 2.11 Financial assets and liabilities, are shown net of any outstanding bank overdrafts.Foreign subsidiary transactions are translated in the cash flow statement at the average exchange rate for the period. Acquired and divested subsidiaries are recognised as cash flow from investing activities on a net basis after deduct-ing cash and cash equivalents in the acquired or divested company.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__28": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. According to this method, acquisitions of subsidiaries are viewed as transactions by which the Group indirectly acquires the subsidiary\u2019s assets and assumes its liabilities and contingent liabilities and values those assets and liabilities meeting the conditions for recognition under IFRS 3 Business Combinations, at their fair value on the acquisition date.The purchase price consists of the fair value of the consideration given on the transfer date, including any conditional purchase consideration which is recognised as a liability at fair value at the acquisition that date.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary. If purchase price exceeds the net fair value of the identi- fiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impair-ment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then pro-rate to the other assets of the unit on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period. On disposal of an operating unit within a CGU to which goodwill has been allocated, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__27": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. According to this method, acquisitions of subsidiaries are viewed as transactions by which the Group indirectly acquires the subsidiary\u2019s assets and assumes its liabilities and contingent liabilities and values those assets and liabilities meeting the conditions for recognition under IFRS 3 Business Combinations, at their fair value on the acquisition date.The purchase price consists of the fair value of the consideration given on the transfer date, including any conditional purchase consideration which is recognised as a liability at fair value at the acquisition that date.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary. If purchase price exceeds the net fair value of the identi- fiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impair-ment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then pro-rate to the other assets of the unit on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period. On disposal of an operating unit within a CGU to which goodwill has been allocated, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__26": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. According to this method, acquisitions of subsidiaries are viewed as transactions by which the Group indirectly acquires the subsidiary\u2019s assets and assumes its liabilities and contingent liabilities and values those assets and liabilities meeting the conditions for recognition under IFRS 3 Business Combinations, at their fair value on the acquisition date.The purchase price consists of the fair value of the consideration given on the transfer date, including any conditional purchase consideration which is recognised as a liability at fair value at the acquisition that date.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary. If purchase price exceeds the net fair value of the identi- fiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impair-ment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then pro-rate to the other assets of the unit on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period. On disposal of an operating unit within a CGU to which goodwill has been allocated, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__25": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method. According to this method, acquisitions of subsidiaries are viewed as transactions by which the Group indirectly acquires the subsidiary\u2019s assets and assumes its liabilities and contingent liabilities and values those assets and liabilities meeting the conditions for recognition under IFRS 3 Business Combinations, at their fair value on the acquisition date.The purchase price consists of the fair value of the consideration given on the transfer date, including any conditional purchase consideration which is recognised as a liability at fair value at the acquisition that date.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary. If purchase price exceeds the net fair value of the identi- fiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill. Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impair-ment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then pro-rate to the other assets of the unit on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period. On disposal of an operating unit within a CGU to which goodwill has been allocated, the goodwill associated with that operation is included in the carrying amount of the operation when determining the gain or loss on disposal.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__31": {
"value": "2.2 Investments in associated companies and joint venturesAn associated company is an entity over which the Group has the ability to exercise significant influence and that is not a subsidiary or a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments in associated companies are accounted for using the equity method.A joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint arrangement require the unanimous consent of the parties sharing control. Joint arrangements which represent a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is classified as joint ventures. For further details about investments in associated compa-nies and joint ventures see note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acqui-sition date. The equity method is applied from the date a significant influence arises until the time it ceases, or the associated company or joint venture becomes a sub-sidiary. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the associates and joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in associates and joint ventures are tested for impairment when there are indications that these investments may be impaired.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__30": {
"value": "2.2 Investments in associated companies and joint venturesAn associated company is an entity over which the Group has the ability to exercise significant influence and that is not a subsidiary or a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments in associated companies are accounted for using the equity method.A joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint arrangement require the unanimous consent of the parties sharing control. Joint arrangements which represent a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is classified as joint ventures. For further details about investments in associated compa-nies and joint ventures see note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acqui-sition date. The equity method is applied from the date a significant influence arises until the time it ceases, or the associated company or joint venture becomes a sub-sidiary. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the associates and joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in associates and joint ventures are tested for impairment when there are indications that these investments may be impaired.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__29": {
"value": "2.2 Investments in associated companies and joint venturesAn associated company is an entity over which the Group has the ability to exercise significant influence and that is not a subsidiary or a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but without the ability to have control over those policies. Significant influence normally exists when the Group has 20 % to 50 % voting power through ownership or agreements. Investments in associated companies are accounted for using the equity method.A joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint arrangement require the unanimous consent of the parties sharing control. Joint arrangements which represent a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is classified as joint ventures. For further details about investments in associated compa-nies and joint ventures see note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acqui-sition date. The equity method is applied from the date a significant influence arises until the time it ceases, or the associated company or joint venture becomes a sub-sidiary. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the associates and joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in associates and joint ventures are tested for impairment when there are indications that these investments may be impaired.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__32": {
"value": "2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other compre-hensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their income state-ments are translated at the average exchange rates for the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__36-1": {
"value": "2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non- performing loans and debt, purchased at prices signifi- cantly below the nominal receivable. They are recognised at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Purchased loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period. The credit- adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when ap p- ro priate a shorter period, to the net carrying amount of the financial asset.In connection with purchased loan portfolios, the effective interest rate is calculated based on the acquisition cost including all transaction costs and estimated future cash flows which includes the nominal amount, reminder fees, collection fees and late interest that, based on a probability assessment, are expected to be received from debtors.Each portfolio is initially recorded in the statement of financial position at cost and including all transaction costs. Subsequent price adjustments for portfolios acquired are recorded as an adjustment to the statement of financial position. Interest income on purchased loan portfolios is accrued monthly in the income statement based on each portfolios credit adjusted effective inter-est rate. Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \"Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. Typically, each portfolio consists of an individual acquisition of receivables. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can there- fore vary from each pool based on content of the pool.Unidentified receipts and excess paymentsThe Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender is made, but failing this the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Collateral assets In connection with the acquisition and recovery of pur-chased loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.2.12 DerivativesThe Group uses the following derivative financial instru-ments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense. Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention and legally enforceable right to settle the contracts net.2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include:\u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__35-1": {
"value": "2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non- performing loans and debt, purchased at prices signifi- cantly below the nominal receivable. They are recognised at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Purchased loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period. The credit- adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when ap p- ro priate a shorter period, to the net carrying amount of the financial asset.In connection with purchased loan portfolios, the effective interest rate is calculated based on the acquisition cost including all transaction costs and estimated future cash flows which includes the nominal amount, reminder fees, collection fees and late interest that, based on a probability assessment, are expected to be received from debtors.Each portfolio is initially recorded in the statement of financial position at cost and including all transaction costs. Subsequent price adjustments for portfolios acquired are recorded as an adjustment to the statement of financial position. Interest income on purchased loan portfolios is accrued monthly in the income statement based on each portfolios credit adjusted effective inter-est rate. Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \"Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. Typically, each portfolio consists of an individual acquisition of receivables. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can there- fore vary from each pool based on content of the pool.Unidentified receipts and excess paymentsThe Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender is made, but failing this the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Collateral assets In connection with the acquisition and recovery of pur-chased loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__34-1": {
"value": "2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non- performing loans and debt, purchased at prices signifi- cantly below the nominal receivable. They are recognised at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Purchased loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period. The credit- adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when ap p- ro priate a shorter period, to the net carrying amount of the financial asset.In connection with purchased loan portfolios, the effective interest rate is calculated based on the acquisition cost including all transaction costs and estimated future cash flows which includes the nominal amount, reminder fees, collection fees and late interest that, based on a probability assessment, are expected to be received from debtors.Each portfolio is initially recorded in the statement of financial position at cost and including all transaction costs. Subsequent price adjustments for portfolios acquired are recorded as an adjustment to the statement of financial position. Interest income on purchased loan portfolios is accrued monthly in the income statement based on each portfolios credit adjusted effective inter-est rate. Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \"Net credit gain/(loss) on purchased loan portfolios\u201d in the period. Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. Typically, each portfolio consists of an individual acquisition of receivables. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can there- fore vary from each pool based on content of the pool.Unidentified receipts and excess paymentsThe Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender is made, but failing this the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Collateral assets In connection with the acquisition and recovery of pur-chased loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__37": {
"value": "Collateral assets In connection with the acquisition and recovery of pur-chased loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__38": {
"value": "2.5 SegmentsSegment reporting was changed from 1 January 2023. The operative segments for the Group are now Invest-ments and Servicing, while these were previously defined based on the geographical markets. An operating segment is a part of the Group that generates income and incurs expenses and for which separate financial information is available that is evaluated regularly by the chief operating decision maker, the Chief Executive Officer, in deciding how to assess performance and allocate resources to the operating segment.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__39": {
"value": "2.6 Revenue from contracts with customerThe Group applies IFRS 15 Revenue from Contracts with Customers five-step model whereby revenue is recog-nised at an amount which reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes and duties. Revenue from contracts with customers are mainly revenue from external collection, telemarketing, fraud prevention and credit information services. Revenue from contracts with customers is presented in one-line item in the consolidated income statement as part of \u201cOther revenues\u201d and specified in note 7 Other revenues.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__40": {
"value": "2.7 TaxesCurrent income taxIncome tax assets and liabilities for the current and prior periods are measured at the amount expected to be recov-ered from or paid to the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the balance sheet date in the countries where the Group operates. When there is uncertainty regarding whether particular tax treatments made in tax filings will be accepted by the tax authorities, but acceptability is probable, accounting tax positions are determined consistently with the treament in the tax filings. If acceptability is not probable, the uncertainty is reflected when determining the accounting tax positions.Income tax relating to items recognised directly in other comprehensive income or equity is recognised in other comprehensive income or equity and not in the income statement. Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or sub-stantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__41": {
"value": "Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or sub-stantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__43": {
"value": "2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets and over the remaining expected term of the property lease for improvements to rented offices, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__42": {
"value": "2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets and over the remaining expected term of the property lease for improvements to rented offices, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__44": {
"value": "2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of six months to ten years but may have extension or termination options.Contracts may contain both lease and non-lease com-ponents. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially meas-ured on a present value basis. Lease liabilities include the net present value of the contractual lease payments.The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commence-ment date less any lease incentives received,\u2022 any initial direct costs\u2022 restoration costsRight-of-use assets are generally depreciated on a straight-line basis over the shorter of the asset\u2019s useful life and the lease term.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recog- nized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__45": {
"value": "2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or as a part of a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensedas incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumu- lated impairment losses, if any. Intangible assets with finite lives are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed and adjusted if appropriate at each reporting date. The amortization expense on intangible assets with finite lives is presented in the income statement as part of \u201cDepreciation and amortisation\u201d. The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__47": {
"value": "2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__46": {
"value": "2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are des- cribed below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non- performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit- impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Purchased loan portfolios are measured at amortised cost. Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.5 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amount unless containing a significant financing component and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__54": {
"value": "Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__50": {
"value": "Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__53": {
"value": "Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__52": {
"value": "Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__49": {
"value": "Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consider- ation received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrow- ings are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__56": {
"value": "Impairment of financial assets:IFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months are recognised. In stage 2 and 3 (credit risk has increased significantly since initial recog-nition), lifetime ECL is recognised. The purchased loan portfolios are credit impaired at acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate and only cumulative changes in lifetime ECL since initial recognition are recognized as a loss allowance for purchased loan portfolios.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__58": {
"value": "2.12 DerivativesThe Group uses the following derivative financial instru-ments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense. Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention and legally enforceable right to settle the contracts net.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__57": {
"value": "2.12 DerivativesThe Group uses the following derivative financial instru-ments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense. Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention and legally enforceable right to settle the contracts net.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__62": {
"value": "2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__64": {
"value": "2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include:\u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__66": {
"value": "2.16 ProvisionsProvisions such as workforce reductions, onerous contracts and legal claims are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are measured at management\u2019s best estimate of the expenditure required to settle the obligation at the reporting date and are discounted to present value. Where the Group expects full or partial reimbursement of the expense related to the provision, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__67": {
"value": "2.17 Pensions and other post-employment liabilitiesDefined contribution pension plans:The Group has a series of defined contribution pension plans which are pension plans under which the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual, or voluntary basis. The contributions are recognised as employee benefit expense when they are due.The Group has no legal or constructive obligations to pay further contributions if the fund does not hold suffi-cient assets to pay all employees the benefits relating to employee service in the current and prior periods and therefore does not record a pension liability in the state-ment of financial position. Other post-employment liabilities:The Group\u2019s employees in certain jurisdictions are entitled to one month\u2019s severance pay in the event of old-age or disability retirement, in accordance with national labour regulations. This post-employment liability is based on a valuation carried out by a profe- ssional actuarial firm. Provisions for other termination benefits are created once employment is terminated.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__68": {
"value": "2.18 Share based paymentsMembers of the executive management and some key employees may receive remuneration in the form of share-based payments that are considered as equity- settled share-based payments.The cost of equity-settled transactions is determined by the fair value at the date when the grant is made, see further details in note 23 Share based payments. The fair value reflects market performance conditions, while service and non-market performance conditions are not considered. The cost is recognised as personnel costs, with a corresponding increase in other capital reserves, over the vesting period. The cumulative ex-pense recognised at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest. The Group is obliged to withhold and pay an amount and report the full amount, to local tax authorities for the employee\u2019s tax obligations associated with redemption of vested share options. In addition, the Group may be obliged to report and pay social security tax.No expense is recognised for awards that do not ultimately vest because of non-market performance and/or service conditions not being met. Where an award is cancelled by the entity, any remaining element of the fair value of the award is expensed immediately through profit or loss.The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. For further details, see note 13 Earnings per share.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__70": {
"value": "2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments as described in note 2.18 above.The effects of exchange differences on translation of foreign currency are included as a separate component of equity.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the Parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currency risk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income, while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__69": {
"value": "2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments as described in note 2.18 above.The effects of exchange differences on translation of foreign currency are included as a separate component of equity.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the Parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currency risk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income, while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__71": {
"value": "2.20 DividendsThe Group recognises a liability to pay a dividend to ownersof equity once it has been approved by the shareholders at the Annual General Meeting. A corresponding amount is recognised directly in equity.Dividend revenue is recognised when the Group\u2019s right to receive the payment is established, which is generally when the shareholders have approved the dividend.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__72": {
"value": "2.21 Classification in the statement of financial positionCurrent assets and liabilities include items due less than one year from the reporting date and, if longer, items tied to the operating cycle. Other assets are classified as non-current assets. The current portion of long-term debt is included as current liabilities.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__73": {
"value": "2.22 Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also related if they are subject to common control or common significant influence. All transactions between the related parties are based on the principle of \u2018arm\u2019s length\u2019 (estimated market value).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__74": {
"value": "2.23 Consolidated statement of cash flowsThe indirect method is used for the consolidated statement of cash flows which reconciles the change in cash and cash equivalents to the profit/(loss) for the year before tax. For the purpose of the consolidated statement of cash flows, cash and cash equivalents, defined in section 2.11 Financial assets and liabilities, are shown net of any outstanding bank overdrafts.Foreign subsidiary transactions are translated in the cash flow statement at the average exchange rate for the period. Acquired and divested subsidiaries are recognised as cash flow from investing activities on a net basis after deduct-ing cash and cash equivalents in the acquired or divested company.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__77": {
"value": "Note 3: Critical accounting judgements and key sources of estimation uncertaintyThe preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of esti-mation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjust- ment to the carrying amounts of assets or liabilities in future periods.Key sources of estimation uncertainty and critical judge-ments are continually evaluated and updated based on expectations about future events that are believed by management to be reasonable under the circumstances.When applying the Group\u2019s accounting policies, manage-ment has made the following judgements, which have the most significant effect on the amounts recognised in the consolidated financial statements:Investment in loan portfoliosThe Group uses a credit-adjusted effective interest rate method to account for the loan receivables in the purchased loan portfolios. The use of the credit-adjusted effective interest rate method requires the Group to estimate future cash flows at each balance sheet reporting date. The underlying estimates that form the basis for interest income recognition and impairment losses on the portfolios depends on variables such as the ability to contact the customer and reach an agreement, estimated timing of cash flows, the general economic environment and statutory regulations. Interest income from purchased loan portfolios is the calculated amortised cost interest revenue from the purchased loan portfolios using the credit-adjusted effective interest rates set at initial acquisition in the consolidated income statement. Events or changes in actual versus estimated collections and management\u2019s assessment of future cash flows willimpact the net present value of future cash flows and therefore the amortised cost book value of the purchased loan portfolios. The cash flow estimates are prepared by management over a forecast period of time. Significant professional judgment is required when future cash flows are estimated. Many factors can potentially impact this as-sesment: macroeconomic conditions, portfolio characteris-tics, historical cash flows, collateral, experience from similar portfolios and country specific regulation. All of these are considered when estimating future cash flows but the impact they have will vary over time and differently from one portfolio to the next. Assessment of potential non-linearrelationships or correlation between macroeconomic factors and estimated future cash flows are often diffi-cult to find and to quantify, hence we have not identified macrofactors that we can model with enough certainty to use in our cash flow forecasting. However, Management carefully assesses the economic climate in the regions and countries where we make investments and make neces-sary and expected changes to cash flow forecasts. If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjust-ed effective interest rate. This adjustment, due to chang-es in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/(loss) from purchased loan portfolios\u201d.Actual cash flows may differ from the estimates, making it reasonably possible that a change in estimates could occur and impact the carrying value of the related pur-chased loan portfolio. On a quarterly basis management reviews the estimates of future cash flows and whether it is reasonably possible that its assessment of collectability may change based on actual results and other factors that may have an impact on the estimates. Where manage-ment is made aware of special circumstances relating to a purchased loan portfolio that may affect the reliability of previous assumptions, they will review and, if necessary, change the future cash flow estimates.There is higher estimation uncertainty related to future cash flows arising from acquired portfolios in Denmark due to an ongoing assessment of whether these port-folios are subject to errors in portfolio data which could make some of the claims defective and/or delay collec-tions. B2 Impact has assessed different scenarios. The current assessment is that we will be able to recover carrying value of these portfolios.For further details, please refer to note 2.4 Purchased loan portfolios and note 4 Financial risk management.Goodwill impairment testingIn accordance with IAS 36, goodwill is tested at least on an annual basis for impairment. If a loss in value is indicated, the recoverable amount is the cash-generating unit\u2019s (CGU\u2019s) fair value less the cost of disposal or its value in use. When testing goodwill for impairment, management defines the recoverable amount as the estimated value in use. The value in use is the net present value of the estimated cash flows before tax. The discount rate used is the weighted average cost of capital (WACC) before tax calculated for each CGU. Estimating the financial assets\u2019 recoverable amount is based on management\u2019s judge-ments related to estimates of future performance and cash flows, the interest income generating capacity of the assets and assumptions related to future market conditions. A possible impairment of goodwill is de-termined by assessing the recoverable amount of the lowest identifiable CGU (or group of CGUs) to which the goodwill relates. For specific details related to the testing of goodwill, see note 14 Goodwill.Deferred tax assetsDeferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that will be recognised, based upon the reliable evidence as to the estimated timing and amount of the future taxable profits. Further details are included in note 2.7 and note 12 Income tax.",
"dimensions": {
"concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__76": {
"value": "Note 3: Critical accounting judgements and key sources of estimation uncertaintyThe preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of esti-mation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjust- ment to the carrying amounts of assets or liabilities in future periods.Key sources of estimation uncertainty and critical judge-ments are continually evaluated and updated based on expectations about future events that are believed by management to be reasonable under the circumstances.When applying the Group\u2019s accounting policies, manage-ment has made the following judgements, which have the most significant effect on the amounts recognised in the consolidated financial statements:Investment in loan portfoliosThe Group uses a credit-adjusted effective interest rate method to account for the loan receivables in the purchased loan portfolios. The use of the credit-adjusted effective interest rate method requires the Group to estimate future cash flows at each balance sheet reporting date. The underlying estimates that form the basis for interest income recognition and impairment losses on the portfolios depends on variables such as the ability to contact the customer and reach an agreement, estimated timing of cash flows, the general economic environment and statutory regulations. Interest income from purchased loan portfolios is the calculated amortised cost interest revenue from the purchased loan portfolios using the credit-adjusted effective interest rates set at initial acquisition in the consolidated income statement. Events or changes in actual versus estimated collections and management\u2019s assessment of future cash flows willimpact the net present value of future cash flows and therefore the amortised cost book value of the purchased loan portfolios. The cash flow estimates are prepared by management over a forecast period of time. Significant professional judgment is required when future cash flows are estimated. Many factors can potentially impact this as-sesment: macroeconomic conditions, portfolio characteris-tics, historical cash flows, collateral, experience from similar portfolios and country specific regulation. All of these are considered when estimating future cash flows but the impact they have will vary over time and differently from one portfolio to the next. Assessment of potential non-linearrelationships or correlation between macroeconomic factors and estimated future cash flows are often diffi-cult to find and to quantify, hence we have not identified macrofactors that we can model with enough certainty to use in our cash flow forecasting. However, Management carefully assesses the economic climate in the regions and countries where we make investments and make neces-sary and expected changes to cash flow forecasts. If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjust-ed effective interest rate. This adjustment, due to chang-es in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/(loss) from purchased loan portfolios\u201d.Actual cash flows may differ from the estimates, making it reasonably possible that a change in estimates could occur and impact the carrying value of the related pur-chased loan portfolio. On a quarterly basis management reviews the estimates of future cash flows and whether it is reasonably possible that its assessment of collectability may change based on actual results and other factors that may have an impact on the estimates. Where manage-ment is made aware of special circumstances relating to a purchased loan portfolio that may affect the reliability of previous assumptions, they will review and, if necessary, change the future cash flow estimates.There is higher estimation uncertainty related to future cash flows arising from acquired portfolios in Denmark due to an ongoing assessment of whether these port-folios are subject to errors in portfolio data which could make some of the claims defective and/or delay collec-tions. B2 Impact has assessed different scenarios. The current assessment is that we will be able to recover carrying value of these portfolios.For further details, please refer to note 2.4 Purchased loan portfolios and note 4 Financial risk management.Goodwill impairment testingIn accordance with IAS 36, goodwill is tested at least on an annual basis for impairment. If a loss in value is indicated, the recoverable amount is the cash-generating unit\u2019s (CGU\u2019s) fair value less the cost of disposal or its value in use. When testing goodwill for impairment, management defines the recoverable amount as the estimated value in use. The value in use is the net present value of the estimated cash flows before tax. The discount rate used is the weighted average cost of capital (WACC) before tax calculated for each CGU. Estimating the financial assets\u2019 recoverable amount is based on management\u2019s judge-ments related to estimates of future performance and cash flows, the interest income generating capacity of the assets and assumptions related to future market conditions. A possible impairment of goodwill is de-termined by assessing the recoverable amount of the lowest identifiable CGU (or group of CGUs) to which the goodwill relates. For specific details related to the testing of goodwill, see note 14 Goodwill.Deferred tax assetsDeferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that will be recognised, based upon the reliable evidence as to the estimated timing and amount of the future taxable profits. Further details are included in note 2.7 and note 12 Income tax.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__75": {
"value": "Note 3: Critical accounting judgements and key sources of estimation uncertaintyThe preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of esti-mation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjust- ment to the carrying amounts of assets or liabilities in future periods.Key sources of estimation uncertainty and critical judge-ments are continually evaluated and updated based on expectations about future events that are believed by management to be reasonable under the circumstances.When applying the Group\u2019s accounting policies, manage-ment has made the following judgements, which have the most significant effect on the amounts recognised in the consolidated financial statements:Investment in loan portfoliosThe Group uses a credit-adjusted effective interest rate method to account for the loan receivables in the purchased loan portfolios. The use of the credit-adjusted effective interest rate method requires the Group to estimate future cash flows at each balance sheet reporting date. The underlying estimates that form the basis for interest income recognition and impairment losses on the portfolios depends on variables such as the ability to contact the customer and reach an agreement, estimated timing of cash flows, the general economic environment and statutory regulations. Interest income from purchased loan portfolios is the calculated amortised cost interest revenue from the purchased loan portfolios using the credit-adjusted effective interest rates set at initial acquisition in the consolidated income statement. Events or changes in actual versus estimated collections and management\u2019s assessment of future cash flows willimpact the net present value of future cash flows and therefore the amortised cost book value of the purchased loan portfolios. The cash flow estimates are prepared by management over a forecast period of time. Significant professional judgment is required when future cash flows are estimated. Many factors can potentially impact this as-sesment: macroeconomic conditions, portfolio characteris-tics, historical cash flows, collateral, experience from similar portfolios and country specific regulation. All of these are considered when estimating future cash flows but the impact they have will vary over time and differently from one portfolio to the next. Assessment of potential non-linearrelationships or correlation between macroeconomic factors and estimated future cash flows are often diffi-cult to find and to quantify, hence we have not identified macrofactors that we can model with enough certainty to use in our cash flow forecasting. However, Management carefully assesses the economic climate in the regions and countries where we make investments and make neces-sary and expected changes to cash flow forecasts. If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjust-ed effective interest rate. This adjustment, due to chang-es in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/(loss) from purchased loan portfolios\u201d.Actual cash flows may differ from the estimates, making it reasonably possible that a change in estimates could occur and impact the carrying value of the related pur-chased loan portfolio. On a quarterly basis management reviews the estimates of future cash flows and whether it is reasonably possible that its assessment of collectability may change based on actual results and other factors that may have an impact on the estimates. Where manage-ment is made aware of special circumstances relating to a purchased loan portfolio that may affect the reliability of previous assumptions, they will review and, if necessary, change the future cash flow estimates.There is higher estimation uncertainty related to future cash flows arising from acquired portfolios in Denmark due to an ongoing assessment of whether these port-folios are subject to errors in portfolio data which could make some of the claims defective and/or delay collec-tions. B2 Impact has assessed different scenarios. The current assessment is that we will be able to recover carrying value of these portfolios.For further details, please refer to note 2.4 Purchased loan portfolios and note 4 Financial risk management.Goodwill impairment testingIn accordance with IAS 36, goodwill is tested at least on an annual basis for impairment. If a loss in value is indicated, the recoverable amount is the cash-generating unit\u2019s (CGU\u2019s) fair value less the cost of disposal or its value in use. When testing goodwill for impairment, management defines the recoverable amount as the estimated value in use. The value in use is the net present value of the estimated cash flows before tax. The discount rate used is the weighted average cost of capital (WACC) before tax calculated for each CGU. Estimating the financial assets\u2019 recoverable amount is based on management\u2019s judge-ments related to estimates of future performance and cash flows, the interest income generating capacity of the assets and assumptions related to future market conditions. A possible impairment of goodwill is de-termined by assessing the recoverable amount of the lowest identifiable CGU (or group of CGUs) to which the goodwill relates. For specific details related to the testing of goodwill, see note 14 Goodwill.Deferred tax assetsDeferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that will be recognised, based upon the reliable evidence as to the estimated timing and amount of the future taxable profits. Further details are included in note 2.7 and note 12 Income tax.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__80": {
"value": "4.1 Financial riskThe Group\u2019s activities are exposed to financial risks: market risk, currency and interest rate risk, credit risk, liquidity risk and cash flow risk. The Group\u2019s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group\u2019s financial performance. Market and regulatory environmentThe primary market risk for the Group is related to general economic conditions and statutory regulations in various geographical markets which have an impact on the debtors\u2019 ability to pay and vendors\u2019 criteria for selling portfolios of loans and receivables. The services and products offered in the respective geographical markets are subject to strict local laws and regulations, including requirements for lending, ownership and debt collection licenses, as well as legislation concerning personal data protection. Any legislative changes concerning consumer credit could affect the Group\u2019s earnings, market position and range of products and services.Currency and interest rate riskThe strategy of the Group is to manage and limit both currency and interest rate risk. The Group holds various derivative financial instruments with the purpose of reducing its interest rate exposure and achieving a suitable currency ratio between its assets and liabilities. Currency riskNet debt adjusted for derivatives are made in relevant currencies reflecting the under lying expected future cash flows from loans and receivables. The exceptions are Romanian Leu (RON), Bulgarian Lev (BGN), Hungarian Forint (HUF), Bosnian Convertible Mark (BAM), Czech Koruna (CZK) and Serbian Dinar (RSD) where all borrowings are done in EUR.The Group's bond loans and senior secured facility agreement is denominated in EUR and borrowings under the multi-currency revolving credit facility are drawn in PLN, SEK, DKK and EUR. At 31 December 2023, Net debt amounted to NOK 9 177 million. Net debt represented a currency basket comprising EUR: 63 %, PLN: 22 %, SEK: 11 % and DKK: 4 %. The Group has not entered into any currency derivatives as at 31 December 2023.Interest rate riskThe Group uses interest rate swaps and interest rate caps to reduce its interest rate exposure. The Group's strategy is to hedge between 60 % and 120 % of Net debt up to a maximum period of 5 years. The hedging ratio at 31 December 2023 was 53 % with a duration of almost 2 years.Under the arrangements in effect at 31 December 2023, a percentage point increase in market interest rates is estimated to have a net negative effect on net financial items of NOK 42 million with an estimated increased interest cost of NOK 90 million partly offset by an increase in cash payments from derivatives of NOK 48 million. In addition, the fair value of the derivatives is estimated to have a positive impact of NOK 42 million which would be registered in the OCI due to the application of hedge accounting. A percentage point decrease in market interest rates is estimated to have a net positive effect on net financial items of NOK 42 million, driven by a decrease in the estimated interest expenses of NOK 90 million and a decrease in the cash payments from deriva-tives of NOK 48 million. In addition, the fair value of the derivatives is estimated to have a negative impact of NOK 42 million which would be registered in the OCI due to the application of hedge accounting.In general, changes in macroeconomic factors such as interest rates may impact the debtors\u2019 ability to repay their debt and thereby influence the future cash flow received from the portfolios.The currency sensitivity analysis shown below is based on book value of loans and receivables at 31 December 2023, net of Net debt and the effect of currency derivatives.Closing rate at NOK NOK NOK NOK 31 December strengthens strengthens weakens weakens Currency2023 against NOKby 20 %by 10 %by 10 %by 20 %DKK 1.5082 -43 -22 22 43EUR 11.2405 -373 -186 186 373SEK 1.0130 -103 -51 51 103HUF 0.0294 -7 -4 4 7BAM 5.7473 -8 -4 4 8RSD 0.0959 -17 -9 9 17PLN 2.5903 -223 -112 112 223RON 2.2591 -84 -42 42 84BGN 5.7473 -4 -2 2 4CZK 0.4546 -78 -39 39 78GBP 12.9342 0 0 0 0Total impact -940 -470 470 940on book valuesCredit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios.In order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses.Maximum exposure to credit risk 2023 2022Purchased loan portfolios 11 542 11 181Loan receivables 200 280Investments in associated companies and joint ventures 781 690Other non-current financial assets 372 133Accounts receivable 41 34Other current assets 326 357Cash and cash equivalents 1 404 1 176Total at 31 December 14 666 13 852Liquidity riskThe Group\u2019s multi-currency revolving credit facility of EUR 610 million, the EUR 180 million Senior Facility Agreement (SFA) and the two senior unsecured bond loans of in total EUR 500 million, as well as the cash and cash equivalents, totalling NOK 15,904 million at 31 December 2023, ensure necessary funding to meet future payment obligations. At 31 December 2023, the Group had an unutilised part of the revolving credit facility totalling EUR 204 million or NOK 2,293 million, an unutilised part of the SFA of EUR 180 million or NOK 2,023 million and an unutilised part of the multi-currency overdraft totalling EUR 20 million or NOK 225 million as well as cash and cash equivalents of NOK 1,404 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:Refer to note 32 for subsequent events impact on liquidity risk. 12 months or less 1-2 years 2-5 years More than 5 yearsInterest bearing loans & borrowings 3 164 7 473 5 188(current and non-current)Other non-current liabilities 43 90 44Bank overdraft 225Accounts and other payables 174Other current liabilities 411Total at 31 December 2023 3 974 7 516 5 277 44Interest bearing loans & borrowings (current and non-current) 2 056 2 741 10 547Other non-current liabilities 32 64 55Bank overdraft 131Accounts and other payables 209Other current liabilities 405Total at 31 December 2022 2 801 2 773 10 611 55Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,035 million at 31 December 2023. Total equity, net of intangible assets (incl. goodwill), was NOK 4,698 million and total assets, net of intangible assets (incl. goodwill), were NOK 16,438 million. The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instruments, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, collateral assets and goodwill. The total loan to value ratio at 31 December 2023 was 66 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__79": {
"value": "4.1 Financial riskThe Group\u2019s activities are exposed to financial risks: market risk, currency and interest rate risk, credit risk, liquidity risk and cash flow risk. The Group\u2019s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group\u2019s financial performance. Market and regulatory environmentThe primary market risk for the Group is related to general economic conditions and statutory regulations in various geographical markets which have an impact on the debtors\u2019 ability to pay and vendors\u2019 criteria for selling portfolios of loans and receivables. The services and products offered in the respective geographical markets are subject to strict local laws and regulations, including requirements for lending, ownership and debt collection licenses, as well as legislation concerning personal data protection. Any legislative changes concerning consumer credit could affect the Group\u2019s earnings, market position and range of products and services.Currency and interest rate riskThe strategy of the Group is to manage and limit both currency and interest rate risk. The Group holds various derivative financial instruments with the purpose of reducing its interest rate exposure and achieving a suitable currency ratio between its assets and liabilities. Currency riskNet debt adjusted for derivatives are made in relevant currencies reflecting the under lying expected future cash flows from loans and receivables. The exceptions are Romanian Leu (RON), Bulgarian Lev (BGN), Hungarian Forint (HUF), Bosnian Convertible Mark (BAM), Czech Koruna (CZK) and Serbian Dinar (RSD) where all borrowings are done in EUR.The Group's bond loans and senior secured facility agreement is denominated in EUR and borrowings under the multi-currency revolving credit facility are drawn in PLN, SEK, DKK and EUR. At 31 December 2023, Net debt amounted to NOK 9 177 million. Net debt represented a currency basket comprising EUR: 63 %, PLN: 22 %, SEK: 11 % and DKK: 4 %. The Group has not entered into any currency derivatives as at 31 December 2023.Interest rate riskThe Group uses interest rate swaps and interest rate caps to reduce its interest rate exposure. The Group's strategy is to hedge between 60 % and 120 % of Net debt up to a maximum period of 5 years. The hedging ratio at 31 December 2023 was 53 % with a duration of almost 2 years.Under the arrangements in effect at 31 December 2023, a percentage point increase in market interest rates is estimated to have a net negative effect on net financial items of NOK 42 million with an estimated increased interest cost of NOK 90 million partly offset by an increase in cash payments from derivatives of NOK 48 million. In addition, the fair value of the derivatives is estimated to have a positive impact of NOK 42 million which would be registered in the OCI due to the application of hedge accounting. A percentage point decrease in market interest rates is estimated to have a net positive effect on net financial items of NOK 42 million, driven by a decrease in the estimated interest expenses of NOK 90 million and a decrease in the cash payments from deriva-tives of NOK 48 million. In addition, the fair value of the derivatives is estimated to have a negative impact of NOK 42 million which would be registered in the OCI due to the application of hedge accounting.In general, changes in macroeconomic factors such as interest rates may impact the debtors\u2019 ability to repay their debt and thereby influence the future cash flow received from the portfolios.The currency sensitivity analysis shown below is based on book value of loans and receivables at 31 December 2023, net of Net debt and the effect of currency derivatives.Closing rate at NOK NOK NOK NOK 31 December strengthens strengthens weakens weakens Currency2023 against NOKby 20 %by 10 %by 10 %by 20 %DKK 1.5082 -43 -22 22 43EUR 11.2405 -373 -186 186 373SEK 1.0130 -103 -51 51 103HUF 0.0294 -7 -4 4 7BAM 5.7473 -8 -4 4 8RSD 0.0959 -17 -9 9 17PLN 2.5903 -223 -112 112 223RON 2.2591 -84 -42 42 84BGN 5.7473 -4 -2 2 4CZK 0.4546 -78 -39 39 78GBP 12.9342 0 0 0 0Total impact -940 -470 470 940on book valuesCredit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios.In order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses.Maximum exposure to credit risk 2023 2022Purchased loan portfolios 11 542 11 181Loan receivables 200 280Investments in associated companies and joint ventures 781 690Other non-current financial assets 372 133Accounts receivable 41 34Other current assets 326 357Cash and cash equivalents 1 404 1 176Total at 31 December 14 666 13 852Liquidity riskThe Group\u2019s multi-currency revolving credit facility of EUR 610 million, the EUR 180 million Senior Facility Agreement (SFA) and the two senior unsecured bond loans of in total EUR 500 million, as well as the cash and cash equivalents, totalling NOK 15,904 million at 31 December 2023, ensure necessary funding to meet future payment obligations. At 31 December 2023, the Group had an unutilised part of the revolving credit facility totalling EUR 204 million or NOK 2,293 million, an unutilised part of the SFA of EUR 180 million or NOK 2,023 million and an unutilised part of the multi-currency overdraft totalling EUR 20 million or NOK 225 million as well as cash and cash equivalents of NOK 1,404 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:Refer to note 32 for subsequent events impact on liquidity risk. 12 months or less 1-2 years 2-5 years More than 5 yearsInterest bearing loans & borrowings 3 164 7 473 5 188(current and non-current)Other non-current liabilities 43 90 44Bank overdraft 225Accounts and other payables 174Other current liabilities 411Total at 31 December 2023 3 974 7 516 5 277 44Interest bearing loans & borrowings (current and non-current) 2 056 2 741 10 547Other non-current liabilities 32 64 55Bank overdraft 131Accounts and other payables 209Other current liabilities 405Total at 31 December 2022 2 801 2 773 10 611 55Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,035 million at 31 December 2023. Total equity, net of intangible assets (incl. goodwill), was NOK 4,698 million and total assets, net of intangible assets (incl. goodwill), were NOK 16,438 million. The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instruments, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, collateral assets and goodwill. The total loan to value ratio at 31 December 2023 was 66 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__81": {
"value": "Credit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios.In order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses.Maximum exposure to credit risk 2023 2022Purchased loan portfolios 11 542 11 181Loan receivables 200 280Investments in associated companies and joint ventures 781 690Other non-current financial assets 372 133Accounts receivable 41 34Other current assets 326 357Cash and cash equivalents 1 404 1 176Total at 31 December 14 666 13 852",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__82": {
"value": "Liquidity riskThe Group\u2019s multi-currency revolving credit facility of EUR 610 million, the EUR 180 million Senior Facility Agreement (SFA) and the two senior unsecured bond loans of in total EUR 500 million, as well as the cash and cash equivalents, totalling NOK 15,904 million at 31 December 2023, ensure necessary funding to meet future payment obligations. At 31 December 2023, the Group had an unutilised part of the revolving credit facility totalling EUR 204 million or NOK 2,293 million, an unutilised part of the SFA of EUR 180 million or NOK 2,023 million and an unutilised part of the multi-currency overdraft totalling EUR 20 million or NOK 225 million as well as cash and cash equivalents of NOK 1,404 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:Refer to note 32 for subsequent events impact on liquidity risk. 12 months or less 1-2 years 2-5 years More than 5 yearsInterest bearing loans & borrowings 3 164 7 473 5 188(current and non-current)Other non-current liabilities 43 90 44Bank overdraft 225Accounts and other payables 174Other current liabilities 411Total at 31 December 2023 3 974 7 516 5 277 44Interest bearing loans & borrowings (current and non-current) 2 056 2 741 10 547Other non-current liabilities 32 64 55Bank overdraft 131Accounts and other payables 209Other current liabilities 405Total at 31 December 2022 2 801 2 773 10 611 55",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__78": {
"value": "Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,035 million at 31 December 2023. Total equity, net of intangible assets (incl. goodwill), was NOK 4,698 million and total assets, net of intangible assets (incl. goodwill), were NOK 16,438 million. The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instruments, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, collateral assets and goodwill. The total loan to value ratio at 31 December 2023 was 66 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__83": {
"value": "4.2 Derivative financial instruments and hedge accountingAt 31 December 2023, the Group had the following derivative financial instruments:Notional Notional Fair amount in amount in Fixed Floating valueInstrument CurrencyCurrencyNOKrate Strike3M IBORNOK Start DueInterest rate derivatives:Interest rate cap EUR 75 843 1.00 % 3.91 % 6 21/12/2018 14/02/2024Interest rate cap EUR 75 843 1.00 % 3.91 % 3 21/12/2018 14/02/2024Interest rate cap SEK 300 304 1.00 % 4.05 % 2 21/12/2018 14/03/2024Interest rate swap PLN 75 194 0.6850 % 5.88 % 12 14/07/2020 14/07/2025Interest rate swap PLN 75 194 0.6670 % 5.88 % 12 15/06/2020 16/06/2025Interest rate swap PLN 75 194 0.6650 % 5.88 % 11 14/05/2020 14/05/2025Interest rate swap EUR 75 843 3.3440 % 3.91 % -19 22/12/2023 22/09/2026Interest rate swap EUR 75 843 3.3340 % 3.91 % -19 22/12/2023 22/09/2026Interest rate swap SEK 300 304 3.7000 % 4.05 % -10 14/11/2023 16/11/2026Interest rate swap DKK 150 226 2.6757 % 3.87 % -1 15/01/2024 14/01/2027-1In addition to changes in fair value, net financial items are also affected by the interest paid and received under the interest rate derivatives and foreign exchange forwards. The net interest revenue from the interest rate swaps and caps was NOK 106 million and the net interest revenue from the currency derivatives was NOK 3 million in 2023.Hedge accountingThe Group applies hedge accounting in accordance with IFRS 9 in order to reduce risk related to effect of interest rate changes and currency risk. Currently, the Group only has qualifying cash flow and net investment hedges. At inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items, including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking these hedge transactions. Amounts recognised in other comprehensive income and accumulated in hedging reserve within equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss. These amounts are presented in the same line in the income statement as the recognised hedged item.Net investment hedgingThe Group applies hedge accounting to hedges of net investments in foreign subsidiaries. The hedged risk is the for-eign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different func-tional currency than the Parent. Foreign currency borrowings are used as hedging instruments. These instruments are presented as non-current interest bearing debt in the consolidated statement of financial position. Instruments in EUR, PLN and SEK are used to hedge the investments in the Group's subsidiaries with functional currencies EUR, PLN and SEK. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100% hedge ratio. Hedge ineffectiveness may arise when the amount of the invest-ment in the foreign subsidiary becomes lower than the amount of the debt and derivatives designated as hedging instruments. There was no hedge ineffectiveness recorded in the years ending 31 December 2023 and 31 December 2022, since the foreign currency gains and losses on the hedged items are offset by the foreign currency gains and losses on the hedging instruments. Any reclassifications from net investment hedge reserve to the income statement, due to for instance sales of subsidiaries, can be seen in the consolidated statement of comprehensive income and the consolidated statement of changes in equity.Net investment hedging relationships 2023 2022Change in carrying amount of net investment hedge instruments as a result of foreign currency movements since 1 January, recognised in OCI -150 9Change in value of hedged item used to determine hedge effectiveness 150 -9Interest-bearing debt designated as hedging instruments in net investment hedges (only designated part of instruments is included):As at 31 December 2023 2022Nominal amounts net investment hedge instruments 3 613 2 118 Debt designated as hedging instruments in net investment hedges are recognised on the line item Non-current interest bearing loans and borrowings in the Consoldiated statement of financial position.The following table shows the maturity profile (in nominal values) of the Group\u2019s net investment hedge instruments (only designated part of instruments are included):<1 year 2 years 3 years 4 years Tota lAs at 31 December 2023 1 702 1 911 3 613 As at 31 December 2022 620 1 498 2 118 Cash flow hedgingThe Group partially hedges its cash flow exposure related to its interest-bearing debt with floating interest rate. In order to hedge this exposure the Group uses hedging instruments like interest rate swaps and/or interest rate caps. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100% hedge ratio.Cash flow hedging relationships 2023 2022Gain/(loss) recognised in OCI -146 Interest-bearing debt designated as hedging items in cash flow hedges (only designated part of instruments is included):As at 31 December 2023 2022Nominal amounts of cash flow hedge items 4 789 Debt designated as hedging items in cash flow hedges is recognised on the line items Current and Non-current interest bearing loans and borrowings in the Consoldiated statement of financial position.The following table shows the maturity profile (in nominal values) of the Group\u2019s cash flow hedge items (only designatedpart of items are included): <1 year 2 years 3 years 4 years Tota lAs at 31 December 2023 1 686 1 417 1 686 - 4 789 Impact of hedging on equitySet out below is the reconciliation of the components of equity and the analysis of the other comprehensive income:Interest Foreign currency hedge reservetranslation reserve As at 1 January 2022 22 Foreign currency revaluation of the PLN borrowing 23 Foreign currency revaluation of the SEK borrowing 17 Foreign currency revaluation of the EUR borrowing -31 As at 1 January 2023 31 Foreign currency revaluation of the PLN borrowing -117 Foreign currency revaluation of the SEK borrowing 6 Foreign currency revaluation of the EUR borrowing -39 Cash flow revaulation of the interest derivatives -146 Tax effect 36 37 As at 31 December 2023 -109 -82",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__84-1": {
"value": "4.4 Fair value estimation purchased loan portfoliosThe fair value of financial instruments that are not traded in an active market is determined by using valuation tech-niques such as net present value of estimated cash flows. For purchased loan portfolios, the discount rate used is the weighted average cost of capital, which is the weighted value of the cost of debt and the cost of equity in each particular country. The cost of equity is estimated by applying the capital asset pricing model.As described in note 3, the preparation of cash flow estimates requires significant estimates to be made by manage-ment regarding future cash flows from purchased loan portfolios. The fair value of the purchased loan portfolios is estimated to be approximately NOK 12 billion and is based on net future estimated cash flows after tax, discounted with the estimated WACC for the countries in question. The corresponding carrying amount is NOK 11.5 billion which is based on IFRS 9 using the estimated gross future cash flows, where the discount factor is the individual IRR for each portfolio. The future gross cash flow forecasts used to estimate the fair value are the same as the cash flow forecasts used in the accounting for purchased loan portfolios at 31 December 2023.The fair value estimation is based on estimated monthly net cash flows from the purchased loan portfolios per subsid-iary and type of portfolio (unsecured/secured). The estimated monthly net cash flows from purchased loan portfolios are the assumed monthly future gross collection less assumed monthly cost to collect. Cost to collect is a percentage of the gross collection and varies depending on the type of portfolio, stage of development of the subsidiary in its local market and country specific environment. In addition, the country specific marginal tax rate is applied. This individual cost to collect and tax rate are applied to each estimated future cash flow, adding up to an estimated total net cash flow (CF3) for the Group, presented in the table below.2024 2025 -----> 2044 TotalGross collection (CF1) 4 368 3 915 12 783 21 065Cost to collect -826 -715 -2 608 -4 148Gross collection less cost to collect (CF2) 3 542 3 200 10 174 0 16 917Tax -281 -198 -776 -1 254Net cash flow from purchased loan portfolios (CF3) 3 262 3 002 9 399 0 15 663The weighted average cost of capital after tax is estimated for each country where the cash flows are generated. Based on this rate, the discounted value of the estimated net cash flows for the forecast period indicates that the fair value of the purchased loan portfolios is NOK 12 billion.To evaluate this calculation, a sensitivity analysis is presented in the table below in order to see the effect of deviations in the cash flow estimates and effects of variations in the cost of capital used as discount rate.% forecast collectionFair value of purchased loan portfolios at 31 December 2023 assumingdifferent % forecast collection levels and discount rates90% 100% 110%Discount rate WACC -2.0 % 11 317 12 770 14 222WACC -1.5 % 11 137 12 567 13 996WACC -1.0 % 10 965 12 372 13 779WACC -0.5 % 10 798 12 184 13 570WACC used 10 637 12 003 13 367WACC +0,5 % 10 482 11 827 13 172WACC +1.0 % 10 332 11 658 12 983WACC +1.5 % 10 187 11 494 12 801WACC +2.0 % 10 046 11 336 12 625Cost of capitalThe cost of equity (R) was assessed by applying the Capital Asset Pricing Model (CAPM), which assumes that the Sshareholders demand a risk premium in addition to the return on a risk-free (R) investment. The risk premium was es-Ftimated based on a general market risk (MRP), which was adjusted up or down depending on the industry\u2019s risk profile through multiplying by the \u03b2-risk. The first adjustment to the basic CAPM is a country risk premium (CRP). An additional adjustment to the CAPM equation is a legal risk premium (LRP). This expands our specification of the CAPM to:R = R + MRP * \u03b2 + CRP + LRPSFThe weighted average cost of capital is estimated as:EquityDebtWACC= * R+ R* (1 - corporate tax rate)S Equity + DebtEquity + DebtWhere R is the cost of debt. The cost of debt is estimated as the observed weighted marginal cost of the company's Boutstanding debt.Risk free rate:The applied risk-free rate is based on a 10-year AAA-rated Euro area central government bond. The applied rate is calculated as an average of observed rates in a 30-day period before the calculation date. Market risk premium:The market risk premium is defined as:MRP = ( R - R ) MFwhere R = Market return and R = Risk free rate MFA market risk premium of 5 % was applied. Equity beta:The beta coefficient is a measure of systematic risk. The value expresses the combi-nation of the stock\u2019s risk and to what extent the stock correlates with the market. Beta was determined based on stock price statistics for comparable quoted companies. Monthly observations over a five-year period were used to estimate beta. The Morgan Stanley World ACWI index was used as reference index. Bayesian adjusted betas were applied. The effect of debt on \u03b2 was eliminated through the Harris and Pringle formula. Country Risk Premium (CRP)A country risk premium is often added when the target company is located in or operating in a geographical area that is subject to additional political and economic risks compared to a similar company based in, for instance, Western Europe. There are several sources and methodologies available for estimating CRP. CRP for the Group was estimated using the Damodaran model, which is an extension of the sovereign spread model (Goldman model) where credit default risk for sovereign bonds is estimated based on sovereign bond credit ratings. The Damodaran model adjusts the bond de-fault risk with a factor for assumed equity markets standard deviation divided by bond markets standard deviation (usually assumed to be 1.5).Legal Risk Premium (LRP)LRP is added to account for the risk related to a country's regulatory and legal envi-ronment. The LRP is calculated as a factor derived from a corruption perception index multiplied by a premium assumed on basis of the country's credit rating.Future cash flow estimatesThe future cash flow estimates are based on the forecast for the portfolio base as of 31 December 2023. Cost of capital calculation 2023Risk free rate (long term government bond yields) 2.1 %Equity Beta 1.7 - 1.92Country risk premium 0 % - 9.5 %Market risk premium 5 %Tax rates 9 % - 25 %Cost of equity 11% - 27 %Cost of debt 6.7 %Equity weight 32 %Debt weight 68 %WACC (after tax) 7 % - 12.8 %4.5 Fair value of financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calcu-lated by discounting the expected net future cash flows from Gross collection less cost to collect and tax with the estimated weighted average cost of capital for the countries where the purchased loan portfolios originated. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) since the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) was determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives, the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2023 As at 31 December 2022Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (note 4.4) 11 542 11 542 12 003 12 003 11 181 11 181 11 484 11 484Derivatives (note 4.2) 48 48 48 48 146 146 146 146Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (note 18) 200 200 280 280 Accounts receivables (note 19) 41 41 34 34 Collateral assets (note 20) 1 339 1 339 1 294 1 294 Cash and cash equivalents (note 21) 1 404 1 404 1 176 1 176Financial liabilitiesInterest bearing loans and borrowings (note 24) 225 10 215 10 440 5 620 4 866 10 486 131 10 087 10 218 4 813 5 363 10 176Derivatives (note 4.2) 49 49 49 49 0 0 0 0",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__85": {
"value": "4.5 Fair value of financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calcu-lated by discounting the expected net future cash flows from Gross collection less cost to collect and tax with the estimated weighted average cost of capital for the countries where the purchased loan portfolios originated. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) since the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) was determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives, the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2023 As at 31 December 2022Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (note 4.4) 11 542 11 542 12 003 12 003 11 181 11 181 11 484 11 484Derivatives (note 4.2) 48 48 48 48 146 146 146 146Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (note 18) 200 200 280 280 Accounts receivables (note 19) 41 41 34 34 Collateral assets (note 20) 1 339 1 339 1 294 1 294 Cash and cash equivalents (note 21) 1 404 1 404 1 176 1 176Financial liabilitiesInterest bearing loans and borrowings (note 24) 225 10 215 10 440 5 620 4 866 10 486 131 10 087 10 218 4 813 5 363 10 176Derivatives (note 4.2) 49 49 49 49 0 0 0 0",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__87": {
"value": "Note 5: Business combinations and acquisition of non-controlling interests5.1 Acquisitions in 2023The Group made no business acquisitions in 2023 or 2022.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__89": {
"value": "Note 6: Segments6.1 Operating segmentsThe Group applies IFRS 8 Operating Segments. An operating segment is a part of the Group from which it can gen-erate income and incur expenses, for which separate financial information is available and whose results are regularly reviewed by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated. The Group CEO has been identified as CODM.A key priority for the Group is to improve alignment in operations. From 1 January 2023 the operative segments for the Group are Investments and Servicing, while these were previously defined based on the geographical markets. The comparative numbers are restated based on estimates and allocation keys to give a high-level basis for comparison.Investments consist of the purchase and management of unsecured and secured loan portfolios directly or through investments in joint ventures. Collaterals and repossessed assets acquired as part of the recovery strategy are includ-ed in Investments. Servicing is the collections of payments of claims on behalf of the Investment segment, joint ventures and third-party clients. The servicing segment generates revenues from commissions and debtor fees.No operating segments have been aggregated to form the above reportable operating segments. Internal transactions between the Investments and Servicing segment are priced on commercial terms. The com-mission is recognized as inter segment revenue in Servicing and as direct operating expense in Investments. Inter- segment revenues and costs are eliminated upon consolidation and reflected as Unallocated items & eliminations in the segment reporting.Revenues from issued consumer loans (loan receivables), credit information and other services on behalf of clients are included in Other, assessed to be not reportable operating segments.Net revenue is Total revenues reported in the income statement less the Cost of collateral assets sold, including impairment.The performance of the operative segments is measured at Segment earnings level which includes revenue and direct operative expenses.IT and SG&A are considered supporting segments, where SG&A includes sales, general and administrative expenses, e.g. Human Resources, Finance, Communication and Marketing, Legal and Compliance and other staff functions. Other items included in Unallocated items & eliminations include non-recurring items.Unallocated items & Year ended 31 December 2023 Investments Servicing Othereliminations TotalExternal revenue 3 228 373 174 0 3 775Inter segment revenue - 0 876 0 - 876 0Net revenue 3 228 1 250 174 - 876 3 775Direct opex -1 359 - 743 - 43 824 -1 322Segment earnings 1 869 506 130 - 52 2 453IT - 171SG&A - 338Central costs - 261EBITDA 1 684Depreciation, amortisation and impairment losses - 106EBIT 1 578Unallocated items & Year ended 31 December 2022 Investments Servicing Othereliminations TotalExternal revenue 2 606 347 164 - 32 3 085Inter segment revenue 0 704 - 1 -703 0Net revenue 2 606 1 051 163 - 734 3 085Direct opex - 896 - 668 - 70 639 - 995Segment earnings 1 710 383 93 - 95 2 091IT - 156SG&A - 431Central costs - 292 EBITDA 1 212Depreciation, amortisation and impairment losses - 184 EBIT 1 029Total revenues per region 2023 2022Northern Europe 839 842Poland 1 018 903Central Europe 1 073 1 103Western Europe 440 187South Eastern Europe 758 442Total 4 129 3 4776.2 Segment detailsInvestments 2023 2022Secured collections 1 525 1 022Unsecured collections 4 213 3 562Total collections 5 738 4 584Secured amortisation - 210 - 140Unsecured amortisation -1 999 -1 759Total amortisation -2 209 -1 898Secured revaluations - 741 - 410Unsecured revaluations 51 18Total revaluations - 690 - 392Total NPL revenue 2 839 2 294Profit from Investments in joint ventures 222 100Net REO gains 146 189Other revenue 21 22Net revenue 3 228 2 606Direct opex -1 359 - 896Segment earnings 1 869 1 710Segment earnings in % 58% 66%1Cash collections6 164 5 161Secured collection performance % 234% 175%Unsecured collection perfomance % 105% 103%Total collection perfomance % 123% 114%Net gain on sale of collateral assets % 41% 48%1Portfolio investments 2 741 2 165Book value secured NPLs 1 832 2 544Book value unsecured NPLs 9 710 8 637Book value Investments in joint ventures 781 690Book value Collateral assets (REOs) 1 339 1 2941. Includes the Group's share of portfolios held in SPVs and joint ventures and in addition the reclassification from Profit Participating notes spesified in note 4.3.Servicing 2023 2022Internal servicing revenue 876 704Servicing revenues from Joint ventures 89 101Revenue from external clients (3PC) 285 246Net revenue 1 250 1 051Direct opex - 743 - 668Segment earnings 506 383Segment earnings in % 41% 36%",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__88-1": {
"value": "Note 6: Segments6.1 Operating segmentsThe Group applies IFRS 8 Operating Segments. An operating segment is a part of the Group from which it can gen-erate income and incur expenses, for which separate financial information is available and whose results are regularly reviewed by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated. The Group CEO has been identified as CODM.A key priority for the Group is to improve alignment in operations. From 1 January 2023 the operative segments for the Group are Investments and Servicing, while these were previously defined based on the geographical markets. The comparative numbers are restated based on estimates and allocation keys to give a high-level basis for comparison.Investments consist of the purchase and management of unsecured and secured loan portfolios directly or through investments in joint ventures. Collaterals and repossessed assets acquired as part of the recovery strategy are includ-ed in Investments. Servicing is the collections of payments of claims on behalf of the Investment segment, joint ventures and third-party clients. The servicing segment generates revenues from commissions and debtor fees.No operating segments have been aggregated to form the above reportable operating segments. Internal transactions between the Investments and Servicing segment are priced on commercial terms. The com-mission is recognized as inter segment revenue in Servicing and as direct operating expense in Investments. Inter- segment revenues and costs are eliminated upon consolidation and reflected as Unallocated items & eliminations in the segment reporting.Revenues from issued consumer loans (loan receivables), credit information and other services on behalf of clients are included in Other, assessed to be not reportable operating segments.Net revenue is Total revenues reported in the income statement less the Cost of collateral assets sold, including impairment.The performance of the operative segments is measured at Segment earnings level which includes revenue and direct operative expenses.IT and SG&A are considered supporting segments, where SG&A includes sales, general and administrative expenses, e.g. Human Resources, Finance, Communication and Marketing, Legal and Compliance and other staff functions. Other items included in Unallocated items & eliminations include non-recurring items.Unallocated items & Year ended 31 December 2023 Investments Servicing Othereliminations TotalExternal revenue 3 228 373 174 0 3 775Inter segment revenue - 0 876 0 - 876 0Net revenue 3 228 1 250 174 - 876 3 775Direct opex -1 359 - 743 - 43 824 -1 322Segment earnings 1 869 506 130 - 52 2 453IT - 171SG&A - 338Central costs - 261EBITDA 1 684Depreciation, amortisation and impairment losses - 106EBIT 1 578Unallocated items & Year ended 31 December 2022 Investments Servicing Othereliminations TotalExternal revenue 2 606 347 164 - 32 3 085Inter segment revenue 0 704 - 1 -703 0Net revenue 2 606 1 051 163 - 734 3 085Direct opex - 896 - 668 - 70 639 - 995Segment earnings 1 710 383 93 - 95 2 091IT - 156SG&A - 431Central costs - 292 EBITDA 1 212Depreciation, amortisation and impairment losses - 184 EBIT 1 029Total revenues per region 2023 2022Northern Europe 839 842Poland 1 018 903Central Europe 1 073 1 103Western Europe 440 187South Eastern Europe 758 442Total 4 129 3 4776.2 Segment detailsInvestments 2023 2022Secured collections 1 525 1 022Unsecured collections 4 213 3 562Total collections 5 738 4 584Secured amortisation - 210 - 140Unsecured amortisation -1 999 -1 759Total amortisation -2 209 -1 898Secured revaluations - 741 - 410Unsecured revaluations 51 18Total revaluations - 690 - 392Total NPL revenue 2 839 2 294Profit from Investments in joint ventures 222 100Net REO gains 146 189Other revenue 21 22Net revenue 3 228 2 606Direct opex -1 359 - 896Segment earnings 1 869 1 710Segment earnings in % 58% 66%1Cash collections6 164 5 161Secured collection performance % 234% 175%Unsecured collection perfomance % 105% 103%Total collection perfomance % 123% 114%Net gain on sale of collateral assets % 41% 48%1Portfolio investments 2 741 2 165Book value secured NPLs 1 832 2 544Book value unsecured NPLs 9 710 8 637Book value Investments in joint ventures 781 690Book value Collateral assets (REOs) 1 339 1 2941. Includes the Group's share of portfolios held in SPVs and joint ventures and in addition the reclassification from Profit Participating notes spesified in note 4.3.Servicing 2023 2022Internal servicing revenue 876 704Servicing revenues from Joint ventures 89 101Revenue from external clients (3PC) 285 246Net revenue 1 250 1 051Direct opex - 743 - 668Segment earnings 506 383Segment earnings in % 41% 36%Note 10: Other operating expenses 2023 2022Printing, postage -57 -51IT, telecommunications -124 -102Cost of office premises -32 -30Travel, vehicles, accomodation -24 -22Marketing, business entertaining, meetings, arrangements -14 -18Consultancy fees - non collection services -128 -216Statutory and other corporate costs, including business insurance and trade licences -23 -19Office equipment and supplies -14 -11Impairment of receivables -2 -2Bank charges -9 -8Other expenses -105 -71Total Other operating expenses -532 -551",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__91": {
"value": "Note 7: Other revenues2023 2022Collection fees, commissions and debtor fees from external collection 372 349Other revenues from contracts with customers 47 48Total revenue from contracts with customers 419 397Revenues from loan receivables 128 118Rental income from collateral assets 14 13Other revenues 8 6Total Other revenues 568 534Other revenues from contracts with customers consists mainly of telemarketing, fraud prevention and credit information services.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__90": {
"value": "Note 7: Other revenues2023 2022Collection fees, commissions and debtor fees from external collection 372 349Other revenues from contracts with customers 47 48Total revenue from contracts with customers 419 397Revenues from loan receivables 128 118Rental income from collateral assets 14 13Other revenues 8 6Total Other revenues 568 534Other revenues from contracts with customers consists mainly of telemarketing, fraud prevention and credit information services.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__92": {
"value": "Note 8: External expenses of services provided2023 2022Fees to court and bailiffs -392 -323External cost portfolio acquisition & search -6 0Other fees for external services, including fees to lawyers for collection services -135 -99Total External expenses of services provided -533 -422",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__93": {
"value": "Note 9: Personnel expenses2023 2022Wages, salaries and other benefits paid -771 -683Social security costs & payroll taxes -147 -128Defined contribution pension costs -41 -34Cost of external temporary staff -18 -25Other personnel costs, including training and recruitment costs -50 -30Total Personnel expenses -1 027 -900Number of full time equivalents (FTEs) at 31 December 1 607 1 885The pension schemes of the Norwegian companies in the Group follow the requirements under the mandatory pensions act (Norwegian \"Lov om obligatorisk tjenestepensjon (OTP)\")",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__95": {
"value": "Note 10: Other operating expenses 2023 2022Printing, postage -57 -51IT, telecommunications -124 -102Cost of office premises -32 -30Travel, vehicles, accomodation -24 -22Marketing, business entertaining, meetings, arrangements -14 -18Consultancy fees - non collection services -128 -216Statutory and other corporate costs, including business insurance and trade licences -23 -19Office equipment and supplies -14 -11Impairment of receivables -2 -2Bank charges -9 -8Other expenses -105 -71Total Other operating expenses -532 -551",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__96": {
"value": "Note 11: Net financial items2023 2022Interest revenue 25 5Gain on other financial instruments (excluding derivatives) 0 0Other financial income 1 1Financial income 26 6Interest expenses -1 044 -665 Interest cost and commitment fees -956 -598 Amortisation of borrowing costs -87 -67Change in fair value of interest rate derivatives -15 92Interest expense on leases -12 -8Loss on purchase of bonds in own bond loans (note 24) -7Loss on other financial instruments (excluding derivatives)1-39 0Other financial expenses -14 -1Financial expenses -1 124 -588Realised exchange gain/(loss) -311 -174Unrealised exchange gain/(loss) 298 168Change in fair value of currency derivatives 0 -19Net exchange gain/(loss) -12 -25Net financial items -1 110 -6071. Including NOK -32 million impact on sale of DCA Bulgaria in 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__97": {
"value": "Note 11: Net financial items2023 2022Interest revenue 25 5Gain on other financial instruments (excluding derivatives) 0 0Other financial income 1 1Financial income 26 6Interest expenses -1 044 -665 Interest cost and commitment fees -956 -598 Amortisation of borrowing costs -87 -67Change in fair value of interest rate derivatives -15 92Interest expense on leases -12 -8Loss on purchase of bonds in own bond loans (note 24) -7Loss on other financial instruments (excluding derivatives)1-39 0Other financial expenses -14 -1Financial expenses -1 124 -588Realised exchange gain/(loss) -311 -174Unrealised exchange gain/(loss) 298 168Change in fair value of currency derivatives 0 -19Net exchange gain/(loss) -12 -25Net financial items -1 110 -6071. Including NOK -32 million impact on sale of DCA Bulgaria in 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__98": {
"value": "Note 11: Net financial items2023 2022Interest revenue 25 5Gain on other financial instruments (excluding derivatives) 0 0Other financial income 1 1Financial income 26 6Interest expenses -1 044 -665 Interest cost and commitment fees -956 -598 Amortisation of borrowing costs -87 -67Change in fair value of interest rate derivatives -15 92Interest expense on leases -12 -8Loss on purchase of bonds in own bond loans (note 24) -7Loss on other financial instruments (excluding derivatives)1-39 0Other financial expenses -14 -1Financial expenses -1 124 -588Realised exchange gain/(loss) -311 -174Unrealised exchange gain/(loss) 298 168Change in fair value of currency derivatives 0 -19Net exchange gain/(loss) -12 -25Net financial items -1 110 -6071. Including NOK -32 million impact on sale of DCA Bulgaria in 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__101": {
"value": "Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2023 and 31 December 2022 are set out below.2023 2022Income tax expense:Current year income tax payable 109 133Change in deferred tax -9 -38Withholding tax 6 0Total tax expense reported in the income statement 105 95Reconciliation between the expected tax expense and the actual tax expense2023 2022Profit before tax 468 421Expected tax expense at Norwegian nominal tax rate of 22% 103 93Difference between local tax rates and the Norwegian nominal tax rate -85 -58Tax effect of permanent differences 80 -340Tax effect of the change in unrecognised deferred taxes 46 456Other differences -39 -56Actual tax expense 105 95Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2023. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2023 2022Taxable temporary differences - non-current itemsTangible and intangible assets 48 45 Purchased loan portfolios 345 280 Loans to group companies and other non-current assets 383 305 Non-current interest bearing loans and borrowings 0 11 Loans from group companies and other non-current liabilities 29 10 805 651 Taxable temporary differences - current itemsOther current assets 123 18 Other current liabilities 0 0 123 18 Deductible temporary differences - non-current itemsTangible and intangible assets 0 -0 Purchased loan portfolios -146 -191 Loans to group companies and other non-current assets -1 -1 Non-current interest bearing loans and borrowings -39 -62 Loans from group companies and other non-current liabilities -29 -1 -215 -256 Deductible temporary differences - current itemsOther current assets -2 -2 Other current liabilities -107 -30 -109 -32 Tax losses carried forward -1 221 -1 033 Gross deferred tax liabilities/(assets) -617 -652 Deferred taxes not recognised 656 624 Net deferred tax liabilities/(assets) 40 -27 Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2023 2022Deferred tax assets -389 -303Deferred tax liabilities 430 27540 -27Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -27 12Deferred tax expense recognised in the income statement -9 -38Deferred tax recognised in other comprehensive income 74Exchange differences 3 -1Deferred tax liabilites/(assets) at 31 December 40 -27Analysis of tax losses available for offset against future taxable income, by year of expiration:2023 2022Within 5 years 287 2 727After 5 years 2 680 2No time limit 2 412 1 607Total tax losses available for offset 5 379 4 336Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 261 1 033Tax losses carried forward at 31 December 2023 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,252 million (NOK 3,178 million) and the Parent company in Norway, NOK 1,402 million (NOK 789 million). The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__100": {
"value": "Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2023 and 31 December 2022 are set out below.2023 2022Income tax expense:Current year income tax payable 109 133Change in deferred tax -9 -38Withholding tax 6 0Total tax expense reported in the income statement 105 95Reconciliation between the expected tax expense and the actual tax expense2023 2022Profit before tax 468 421Expected tax expense at Norwegian nominal tax rate of 22% 103 93Difference between local tax rates and the Norwegian nominal tax rate -85 -58Tax effect of permanent differences 80 -340Tax effect of the change in unrecognised deferred taxes 46 456Other differences -39 -56Actual tax expense 105 95Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2023. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2023 2022Taxable temporary differences - non-current itemsTangible and intangible assets 48 45 Purchased loan portfolios 345 280 Loans to group companies and other non-current assets 383 305 Non-current interest bearing loans and borrowings 0 11 Loans from group companies and other non-current liabilities 29 10 805 651 Taxable temporary differences - current itemsOther current assets 123 18 Other current liabilities 0 0 123 18 Deductible temporary differences - non-current itemsTangible and intangible assets 0 -0 Purchased loan portfolios -146 -191 Loans to group companies and other non-current assets -1 -1 Non-current interest bearing loans and borrowings -39 -62 Loans from group companies and other non-current liabilities -29 -1 -215 -256 Deductible temporary differences - current itemsOther current assets -2 -2 Other current liabilities -107 -30 -109 -32 Tax losses carried forward -1 221 -1 033 Gross deferred tax liabilities/(assets) -617 -652 Deferred taxes not recognised 656 624 Net deferred tax liabilities/(assets) 40 -27 Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2023 2022Deferred tax assets -389 -303Deferred tax liabilities 430 27540 -27Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -27 12Deferred tax expense recognised in the income statement -9 -38Deferred tax recognised in other comprehensive income 74Exchange differences 3 -1Deferred tax liabilites/(assets) at 31 December 40 -27Analysis of tax losses available for offset against future taxable income, by year of expiration:2023 2022Within 5 years 287 2 727After 5 years 2 680 2No time limit 2 412 1 607Total tax losses available for offset 5 379 4 336Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 261 1 033Tax losses carried forward at 31 December 2023 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,252 million (NOK 3,178 million) and the Parent company in Norway, NOK 1,402 million (NOK 789 million). The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__99": {
"value": "Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2023 and 31 December 2022 are set out below.2023 2022Income tax expense:Current year income tax payable 109 133Change in deferred tax -9 -38Withholding tax 6 0Total tax expense reported in the income statement 105 95Reconciliation between the expected tax expense and the actual tax expense2023 2022Profit before tax 468 421Expected tax expense at Norwegian nominal tax rate of 22% 103 93Difference between local tax rates and the Norwegian nominal tax rate -85 -58Tax effect of permanent differences 80 -340Tax effect of the change in unrecognised deferred taxes 46 456Other differences -39 -56Actual tax expense 105 95Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2023. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2023 2022Taxable temporary differences - non-current itemsTangible and intangible assets 48 45 Purchased loan portfolios 345 280 Loans to group companies and other non-current assets 383 305 Non-current interest bearing loans and borrowings 0 11 Loans from group companies and other non-current liabilities 29 10 805 651 Taxable temporary differences - current itemsOther current assets 123 18 Other current liabilities 0 0 123 18 Deductible temporary differences - non-current itemsTangible and intangible assets 0 -0 Purchased loan portfolios -146 -191 Loans to group companies and other non-current assets -1 -1 Non-current interest bearing loans and borrowings -39 -62 Loans from group companies and other non-current liabilities -29 -1 -215 -256 Deductible temporary differences - current itemsOther current assets -2 -2 Other current liabilities -107 -30 -109 -32 Tax losses carried forward -1 221 -1 033 Gross deferred tax liabilities/(assets) -617 -652 Deferred taxes not recognised 656 624 Net deferred tax liabilities/(assets) 40 -27 Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2023 2022Deferred tax assets -389 -303Deferred tax liabilities 430 27540 -27Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -27 12Deferred tax expense recognised in the income statement -9 -38Deferred tax recognised in other comprehensive income 74Exchange differences 3 -1Deferred tax liabilites/(assets) at 31 December 40 -27Analysis of tax losses available for offset against future taxable income, by year of expiration:2023 2022Within 5 years 287 2 727After 5 years 2 680 2No time limit 2 412 1 607Total tax losses available for offset 5 379 4 336Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 261 1 033Tax losses carried forward at 31 December 2023 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,252 million (NOK 3,178 million) and the Parent company in Norway, NOK 1,402 million (NOK 789 million). The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__102": {
"value": "Note 13: Earnings per shareBasic earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding the Company's holding of own shares.Diluted earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding the Company's holding of own shares, plus the weighted average number of ordinary shares that would be issued on conversion of all the potentially dilutive ordinary shares into ordinary shares.The following reflects the profit and share data used in the basic and diluted earnings per share computations:2023 2022Profit after tax attributable to parent company shareholders 363 326Number of shares outstanding at 1 January 401 364 824 409 932 598Number of shares outstanding at 31 December 387 180 824 401 364 824Treasury shares (note 22) -18 174 843 -14 184 000Weighted average number of shares during the year 385 708 531 396 339 977Effect of dilution:Option programmes (note 23) 847 288 1 380 824Weighted average number of shares during the year 386 555 819 397 829 196adjusted for the effect of dilutionEarnings per share (in NOK): - Basic 0.94 0.82 - Diluted 0.94 0.82Options granted to employees are considered to be potential ordinary shares. Accord-ingly, they have not been included in the determination of basic earnings per share, but have been included in the determination of diluted earnings per share to the extent that they are dilutive. 9,119,379 options granted in the period 2019 - 2022 are not included in the calculation of diluted earnings per share because exercise price is higher than average stock price 2023 of 7.1763 and therefore they are not considered dilutive for the year ended 31 December 2023. These options could potentially dilute basic earnings per share in the future.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__104": {
"value": "Note 14: GoodwillGoodwillAcquisition/purchase costAt 1 January 2022 796Exchange differences 42At 31 December 2022 837Exchange differences 50At 31 December 2023 887ImpairmentAt 1 January 2022 9Impairment 92Exchange differences 5At 31 December 2022 106Disposal 11Impairment 1Exchange differences 1At 31 December 2023 118Net book valueAt 31 December 2022 731At 31 December 2023 769The value of goodwill allocated to the CGUs is tested using a detailed cash flow forecast for a period of ten years. The cash flows from each individual CGU are discounted using a country specific pre-tax WACC ranging from 9.0 % to 10.6 % in 2023 (8.6 % to 10.6 % in 2022). A constant growth rate of 1 % is included after the forecast period to deter-mine the terminal value of the CGUs. Reference to note 4.4 for further details on cost of capital and WACC calculation.The cash flows in the forecast period are based on the management's best estimate reflecting the B2 Impact busi-ness plan for the upcoming period. The impact of changes to key assumptions are considered and assessed for each individual CGU and there have not been any instances identified that would cause carrying amount to exceed the recoverable amount. Other than NOK 1 million impairment of goodwill in France related to the subsidiary in Tahiti there is not recognized any impairment of goodwill in 2023 (NOK 92 million in 2022).The following cash generating units represents 79 % of the carrying value of goodwill at the end of December 2023:Poland GroupAt 31 December 2023, the carrying value of goodwill allocated to Poland Group amounts to NOK 323 million (NOK 302 million in 2022). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 9.5 %.SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses - NACC), France, and its subsidiary Tahiti Encaissements Services, TahitiAt 31 December 2023, the carrying value of goodwill allocated to SAS Veraltis Management, France, and its subsidiary amounts to NOK 285 million (NOK 268 million in 2022). Management have considered and assessed reasonably pos-sible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 9.5 %.In addition, the following cash generating units have been tested for impairment:Company name Allocated goodwillAt 31 December 2023 20221B2 Kapital Portofolio Management S.R.L., Romania20 19Confirmaci\u00f3nde Solicitudes de Cr\u00e9dito Verifica S.A. (Verifica), Spain 93 87Creditreform Latvia SIA, Latvia, and its subsidiaries 33 31Interkreditt AS, Norway 11OK Perinta OY, Finland, and its subsidiaries 6 5Nordic Debt Collection A/S, Denmark 2 2B2Kapital UAB, Lithuania 7 7Total 161 1621. Originally from purchase of DCA Group in Bulgaria with a Romanian subsidiary later merged into B2Kapital Portfolio Managment S.R.L.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__103-1": {
"value": "Note 14: GoodwillGoodwillAcquisition/purchase costAt 1 January 2022 796Exchange differences 42At 31 December 2022 837Exchange differences 50At 31 December 2023 887ImpairmentAt 1 January 2022 9Impairment 92Exchange differences 5At 31 December 2022 106Disposal 11Impairment 1Exchange differences 1At 31 December 2023 118Net book valueAt 31 December 2022 731At 31 December 2023 769The value of goodwill allocated to the CGUs is tested using a detailed cash flow forecast for a period of ten years. The cash flows from each individual CGU are discounted using a country specific pre-tax WACC ranging from 9.0 % to 10.6 % in 2023 (8.6 % to 10.6 % in 2022). A constant growth rate of 1 % is included after the forecast period to deter-mine the terminal value of the CGUs. Reference to note 4.4 for further details on cost of capital and WACC calculation.The cash flows in the forecast period are based on the management's best estimate reflecting the B2 Impact busi-ness plan for the upcoming period. The impact of changes to key assumptions are considered and assessed for each individual CGU and there have not been any instances identified that would cause carrying amount to exceed the recoverable amount. Other than NOK 1 million impairment of goodwill in France related to the subsidiary in Tahiti there is not recognized any impairment of goodwill in 2023 (NOK 92 million in 2022).The following cash generating units represents 79 % of the carrying value of goodwill at the end of December 2023:Poland GroupAt 31 December 2023, the carrying value of goodwill allocated to Poland Group amounts to NOK 323 million (NOK 302 million in 2022). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 9.5 %.SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses - NACC), France, and its subsidiary Tahiti Encaissements Services, TahitiAt 31 December 2023, the carrying value of goodwill allocated to SAS Veraltis Management, France, and its subsidiary amounts to NOK 285 million (NOK 268 million in 2022). Management have considered and assessed reasonably pos-sible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 9.5 %.In addition, the following cash generating units have been tested for impairment:Company name Allocated goodwillAt 31 December 2023 20221B2 Kapital Portofolio Management S.R.L., Romania20 19Confirmaci\u00f3nde Solicitudes de Cr\u00e9dito Verifica S.A. (Verifica), Spain 93 87Creditreform Latvia SIA, Latvia, and its subsidiaries 33 31Interkreditt AS, Norway 11OK Perinta OY, Finland, and its subsidiaries 6 5Nordic Debt Collection A/S, Denmark 2 2B2Kapital UAB, Lithuania 7 7Total 161 1621. Originally from purchase of DCA Group in Bulgaria with a Romanian subsidiary later merged into B2Kapital Portfolio Managment S.R.L.Note 15: Tangible and intangible assetsImprovements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalAcquisition/purchase costAt 1 January 2022 34 141 204 9 389 778Additions 10 20 65 2 28 125Disposals -4 -28 -10 -6 -19 -67Exchange differences 2 5 9 0 15 32At 31 December 2022 42 139 268 5 414 867Additions 9 37 62 1 22 131Disposals -10 -29 -15 -1 -66 -122Exchange differences 4 15 18 0 32 69At 31 December 2023 45 161 333 6 401 945Improvements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalDepreciation / amortisation and impairmentAt 1 January 2022 25 103 101 5 249 483Depreciation / amortisation charge for the year 3 15 34 2 29 83Impairment losses for the year 1 2 4 8Disposals -4 -22 -6 -4 -12 -47Exchange differences 1 4 5 0 11 21At 31 December 2022 27 103 134 3 281 547Depreciation / amortisation charge for the year 4 17 41 1 33 95Impairment losses for the year 0 0 10 11Disposals -11 -26 -15 -1 -66 -118Exchange differences 2 11 10 0 22 46At 31 December 2023 22 104 170 4 280 580Net book valueAt 31 December 2022 14 36 134 3 133 320At 31 December 2023 22 56 163 2 121 365Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__109": {
"value": "Note 15: Tangible and intangible assetsImprovements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalAcquisition/purchase costAt 1 January 2022 34 141 204 9 389 778Additions 10 20 65 2 28 125Disposals -4 -28 -10 -6 -19 -67Exchange differences 2 5 9 0 15 32At 31 December 2022 42 139 268 5 414 867Additions 9 37 62 1 22 131Disposals -10 -29 -15 -1 -66 -122Exchange differences 4 15 18 0 32 69At 31 December 2023 45 161 333 6 401 945Improvements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalDepreciation / amortisation and impairmentAt 1 January 2022 25 103 101 5 249 483Depreciation / amortisation charge for the year 3 15 34 2 29 83Impairment losses for the year 1 2 4 8Disposals -4 -22 -6 -4 -12 -47Exchange differences 1 4 5 0 11 21At 31 December 2022 27 103 134 3 281 547Depreciation / amortisation charge for the year 4 17 41 1 33 95Impairment losses for the year 0 0 10 11Disposals -11 -26 -15 -1 -66 -118Exchange differences 2 11 10 0 22 46At 31 December 2023 22 104 170 4 280 580Net book valueAt 31 December 2022 14 36 134 3 133 320At 31 December 2023 22 56 163 2 121 365Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__108-1": {
"value": "Note 15: Tangible and intangible assetsImprovements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalAcquisition/purchase costAt 1 January 2022 34 141 204 9 389 778Additions 10 20 65 2 28 125Disposals -4 -28 -10 -6 -19 -67Exchange differences 2 5 9 0 15 32At 31 December 2022 42 139 268 5 414 867Additions 9 37 62 1 22 131Disposals -10 -29 -15 -1 -66 -122Exchange differences 4 15 18 0 32 69At 31 December 2023 45 161 333 6 401 945Improvements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalDepreciation / amortisation and impairmentAt 1 January 2022 25 103 101 5 249 483Depreciation / amortisation charge for the year 3 15 34 2 29 83Impairment losses for the year 1 2 4 8Disposals -4 -22 -6 -4 -12 -47Exchange differences 1 4 5 0 11 21At 31 December 2022 27 103 134 3 281 547Depreciation / amortisation charge for the year 4 17 41 1 33 95Impairment losses for the year 0 0 10 11Disposals -11 -26 -15 -1 -66 -118Exchange differences 2 11 10 0 22 46At 31 December 2023 22 104 170 4 280 580Net book valueAt 31 December 2022 14 36 134 3 133 320At 31 December 2023 22 56 163 2 121 365Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.Note 16: Leases The Group's lease agreements mainly relate to the lease of office premises. Lease liabilities 2023 2022Current lease liabilities 34 32Non-current lease liabilities 148 119182 151Maturity analysis contractual undiscounted cash flows 2023 2022Amounts due within one year 47 40Amounts due between one and five years 132 93Amounts due later than five years 44 55224 188Effects on income statement 2023 2022Depreciation of right-of-use assets -42 -36Interest expense on lease liabilities -12 -8Expense relating to short-term leases -5 -6Expense relating to leases of low value assets -11 -9-71 -58Cash outflows for leases 2023 2022Interest paid on lease liabilities -12 -8Principle paid on lease liabilities -32 -26Expense relating to short-term leases -5 -6Expense relating to leases of low value assets -11 -9-61 -48Please refer to note 15 for information about RoU assets.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__107": {
"value": "Note 15: Tangible and intangible assetsImprovements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalAcquisition/purchase costAt 1 January 2022 34 141 204 9 389 778Additions 10 20 65 2 28 125Disposals -4 -28 -10 -6 -19 -67Exchange differences 2 5 9 0 15 32At 31 December 2022 42 139 268 5 414 867Additions 9 37 62 1 22 131Disposals -10 -29 -15 -1 -66 -122Exchange differences 4 15 18 0 32 69At 31 December 2023 45 161 333 6 401 945Improvements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalDepreciation / amortisation and impairmentAt 1 January 2022 25 103 101 5 249 483Depreciation / amortisation charge for the year 3 15 34 2 29 83Impairment losses for the year 1 2 4 8Disposals -4 -22 -6 -4 -12 -47Exchange differences 1 4 5 0 11 21At 31 December 2022 27 103 134 3 281 547Depreciation / amortisation charge for the year 4 17 41 1 33 95Impairment losses for the year 0 0 10 11Disposals -11 -26 -15 -1 -66 -118Exchange differences 2 11 10 0 22 46At 31 December 2023 22 104 170 4 280 580Net book valueAt 31 December 2022 14 36 134 3 133 320At 31 December 2023 22 56 163 2 121 365Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__106": {
"value": "Note 15: Tangible and intangible assetsImprovements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalAcquisition/purchase costAt 1 January 2022 34 141 204 9 389 778Additions 10 20 65 2 28 125Disposals -4 -28 -10 -6 -19 -67Exchange differences 2 5 9 0 15 32At 31 December 2022 42 139 268 5 414 867Additions 9 37 62 1 22 131Disposals -10 -29 -15 -1 -66 -122Exchange differences 4 15 18 0 32 69At 31 December 2023 45 161 333 6 401 945Improvements to rented Equipment, RoU asset officeRoU asset vehicles &Intangibleofficesfixtures & fittingspremisesequipmentassets TotalDepreciation / amortisation and impairmentAt 1 January 2022 25 103 101 5 249 483Depreciation / amortisation charge for the year 3 15 34 2 29 83Impairment losses for the year 1 2 4 8Disposals -4 -22 -6 -4 -12 -47Exchange differences 1 4 5 0 11 21At 31 December 2022 27 103 134 3 281 547Depreciation / amortisation charge for the year 4 17 41 1 33 95Impairment losses for the year 0 0 10 11Disposals -11 -26 -15 -1 -66 -118Exchange differences 2 11 10 0 22 46At 31 December 2023 22 104 170 4 280 580Net book valueAt 31 December 2022 14 36 134 3 133 320At 31 December 2023 22 56 163 2 121 365Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__113": {
"value": "Note 17: Investments in associated companies and joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership inter-ests. The investments are accounted for under the equity method in accordance with IFRS 11 Joint Arrangements.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2023 2022 2023 2022Hellas 2P Investment Designated Activity Company Ireland Greece 0 % 30 % Joint Venture Equity method 144Hellas 3P Investment Designated Activity Company Ireland Greece 70 % 35 % Joint Venture Equity method 446 242Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method 35 56CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 294 240EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 6 8781 690Hellas 2P Investment DAC and Hellas 3P Investment DACIn 2018, the Group entered into two agreements for co-investments in NPL portfolios in Greece through SPVs. The Group\u2019s share of the participation notes in the SPVs was initially 30 % for the H2P portfolio purchase and 35 % for the H3P porfolio purchase. In January 2023 the Group aquired an additional 70 % ownership of the participation notes in H2P and therefore derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary as of 16 January 2023. Further the Group aquired an additional 35 % of the participation notes in H3P, owning a total of 70 % of the investment as of January 2023 which is still recognised as joint venture. The Group is servicing both H2P and H3P.Glencar ICAVThe Group invested in December 2019 in 30 % of a portfolio in Sweden through subscribing to 30 % of the shares in Glencar 3, a sub-fund of Glencar ICAV. Glencar ICAV with offices in Dublin, Ireland. The portfolio is serviced by the Group.CE Holding Invest S.C.S (Group)31 May 2019 the Group acquired NPL portfolios containing secured corporate receivables in Croatia though a 50/50 joint venture with DDM Debt Group (DDM). As part of the coinvestment structure with DDM, the Group became owner of 50 % of the share capital and voting rights in CE Partner S.\u00e0 r.l. and CE Holding Invest S.C.S. (the \"Joint Venture\") registered in Luxembourg. The Joint Venture is subject, by agreement, to joint controlled shared equally between DDM and the Group. The Group is master servicer for the joint venture.EOS Credit Funding BL DAC / ENB Property Solutions S.R.LIn 2018 the Group became owner of 50 % of the share capital and voting rights in the SPV, EOS Credit Funding BL DAC with offices in Dublin, Ireland (portfolio owner), and ENB Properties Solutions srl with offices in Bucharest, Romania, and has joint control in these two companies.The movements in in the investments in joint ventures are specified in the table below:2023 2022Opening balance 1 January 690 854 Investments in Joint venture 175 Derecognision of Joint venture -158 Profit from investments in associated parties/joint ventures 222 100 Cash flow/dividend from joint ventures -202 -295 Translation differences 54 31 Closing balance at 31 December 781 690 The summarised financial information for the joint ventures is shown below:H2P H3P Glencar CE Holding Invest EOS/ENB 32023 2022 2023 2022 2023 2022 2023 2022 2023 2022Summarised Balance SheetPurchased loan portfolios 478 645 702 116 184 582 462 9 18 Other assets 2 2 47 23 4 4 Cash & cash equivalents 17 18 51 10 11 11 28 5 5 Total Assets 496 663 753 128 198 640 513 18 27 1Liabilities 17 10 43 3 3 47 34 3 10 Net Assets/Equity 479 653 710 125 195 593 478 15 17 Summarised Profit and LossRevenue 6 99 187 76 -39 31 333 233 57 53 Expenses -1 -41 -73 -48 -9 -6 -43 -70 -15 -152Interest -24 -29Net income/loss 5 59 114 28 -48 25 290 163 18 9 The table above show the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes2. Excluding interest to Noteholders3. Calendar year from March to February",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__112": {
"value": "Note 17: Investments in associated companies and joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership inter-ests. The investments are accounted for under the equity method in accordance with IFRS 11 Joint Arrangements.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2023 2022 2023 2022Hellas 2P Investment Designated Activity Company Ireland Greece 0 % 30 % Joint Venture Equity method 144Hellas 3P Investment Designated Activity Company Ireland Greece 70 % 35 % Joint Venture Equity method 446 242Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method 35 56CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 294 240EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 6 8781 690Hellas 2P Investment DAC and Hellas 3P Investment DACIn 2018, the Group entered into two agreements for co-investments in NPL portfolios in Greece through SPVs. The Group\u2019s share of the participation notes in the SPVs was initially 30 % for the H2P portfolio purchase and 35 % for the H3P porfolio purchase. In January 2023 the Group aquired an additional 70 % ownership of the participation notes in H2P and therefore derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary as of 16 January 2023. Further the Group aquired an additional 35 % of the participation notes in H3P, owning a total of 70 % of the investment as of January 2023 which is still recognised as joint venture. The Group is servicing both H2P and H3P.Glencar ICAVThe Group invested in December 2019 in 30 % of a portfolio in Sweden through subscribing to 30 % of the shares in Glencar 3, a sub-fund of Glencar ICAV. Glencar ICAV with offices in Dublin, Ireland. The portfolio is serviced by the Group.CE Holding Invest S.C.S (Group)31 May 2019 the Group acquired NPL portfolios containing secured corporate receivables in Croatia though a 50/50 joint venture with DDM Debt Group (DDM). As part of the coinvestment structure with DDM, the Group became owner of 50 % of the share capital and voting rights in CE Partner S.\u00e0 r.l. and CE Holding Invest S.C.S. (the \"Joint Venture\") registered in Luxembourg. The Joint Venture is subject, by agreement, to joint controlled shared equally between DDM and the Group. The Group is master servicer for the joint venture.EOS Credit Funding BL DAC / ENB Property Solutions S.R.LIn 2018 the Group became owner of 50 % of the share capital and voting rights in the SPV, EOS Credit Funding BL DAC with offices in Dublin, Ireland (portfolio owner), and ENB Properties Solutions srl with offices in Bucharest, Romania, and has joint control in these two companies.The movements in in the investments in joint ventures are specified in the table below:2023 2022Opening balance 1 January 690 854 Investments in Joint venture 175 Derecognision of Joint venture -158 Profit from investments in associated parties/joint ventures 222 100 Cash flow/dividend from joint ventures -202 -295 Translation differences 54 31 Closing balance at 31 December 781 690 The summarised financial information for the joint ventures is shown below:H2P H3P Glencar CE Holding Invest EOS/ENB 32023 2022 2023 2022 2023 2022 2023 2022 2023 2022Summarised Balance SheetPurchased loan portfolios 478 645 702 116 184 582 462 9 18 Other assets 2 2 47 23 4 4 Cash & cash equivalents 17 18 51 10 11 11 28 5 5 Total Assets 496 663 753 128 198 640 513 18 27 1Liabilities 17 10 43 3 3 47 34 3 10 Net Assets/Equity 479 653 710 125 195 593 478 15 17 Summarised Profit and LossRevenue 6 99 187 76 -39 31 333 233 57 53 Expenses -1 -41 -73 -48 -9 -6 -43 -70 -15 -152Interest -24 -29Net income/loss 5 59 114 28 -48 25 290 163 18 9 The table above show the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes2. Excluding interest to Noteholders3. Calendar year from March to February",
"dimensions": {
"concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__111": {
"value": "Note 17: Investments in associated companies and joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership inter-ests. The investments are accounted for under the equity method in accordance with IFRS 11 Joint Arrangements.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2023 2022 2023 2022Hellas 2P Investment Designated Activity Company Ireland Greece 0 % 30 % Joint Venture Equity method 144Hellas 3P Investment Designated Activity Company Ireland Greece 70 % 35 % Joint Venture Equity method 446 242Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method 35 56CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 294 240EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 6 8781 690Hellas 2P Investment DAC and Hellas 3P Investment DACIn 2018, the Group entered into two agreements for co-investments in NPL portfolios in Greece through SPVs. The Group\u2019s share of the participation notes in the SPVs was initially 30 % for the H2P portfolio purchase and 35 % for the H3P porfolio purchase. In January 2023 the Group aquired an additional 70 % ownership of the participation notes in H2P and therefore derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary as of 16 January 2023. Further the Group aquired an additional 35 % of the participation notes in H3P, owning a total of 70 % of the investment as of January 2023 which is still recognised as joint venture. The Group is servicing both H2P and H3P.Glencar ICAVThe Group invested in December 2019 in 30 % of a portfolio in Sweden through subscribing to 30 % of the shares in Glencar 3, a sub-fund of Glencar ICAV. Glencar ICAV with offices in Dublin, Ireland. The portfolio is serviced by the Group.CE Holding Invest S.C.S (Group)31 May 2019 the Group acquired NPL portfolios containing secured corporate receivables in Croatia though a 50/50 joint venture with DDM Debt Group (DDM). As part of the coinvestment structure with DDM, the Group became owner of 50 % of the share capital and voting rights in CE Partner S.\u00e0 r.l. and CE Holding Invest S.C.S. (the \"Joint Venture\") registered in Luxembourg. The Joint Venture is subject, by agreement, to joint controlled shared equally between DDM and the Group. The Group is master servicer for the joint venture.EOS Credit Funding BL DAC / ENB Property Solutions S.R.LIn 2018 the Group became owner of 50 % of the share capital and voting rights in the SPV, EOS Credit Funding BL DAC with offices in Dublin, Ireland (portfolio owner), and ENB Properties Solutions srl with offices in Bucharest, Romania, and has joint control in these two companies.The movements in in the investments in joint ventures are specified in the table below:2023 2022Opening balance 1 January 690 854 Investments in Joint venture 175 Derecognision of Joint venture -158 Profit from investments in associated parties/joint ventures 222 100 Cash flow/dividend from joint ventures -202 -295 Translation differences 54 31 Closing balance at 31 December 781 690 The summarised financial information for the joint ventures is shown below:H2P H3P Glencar CE Holding Invest EOS/ENB 32023 2022 2023 2022 2023 2022 2023 2022 2023 2022Summarised Balance SheetPurchased loan portfolios 478 645 702 116 184 582 462 9 18 Other assets 2 2 47 23 4 4 Cash & cash equivalents 17 18 51 10 11 11 28 5 5 Total Assets 496 663 753 128 198 640 513 18 27 1Liabilities 17 10 43 3 3 47 34 3 10 Net Assets/Equity 479 653 710 125 195 593 478 15 17 Summarised Profit and LossRevenue 6 99 187 76 -39 31 333 233 57 53 Expenses -1 -41 -73 -48 -9 -6 -43 -70 -15 -152Interest -24 -29Net income/loss 5 59 114 28 -48 25 290 163 18 9 The table above show the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes2. Excluding interest to Noteholders3. Calendar year from March to February",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__115": {
"value": "Note 18: Other non-current financial assetsFinancial assets at fair value through profit or loss:2023 2022Derivatives (note 4.2) 36 12836 128Financial assets at amortised cost:Loan receivables 200 280Other 135 5336 285At 31 December 372 414",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__114-1": {
"value": "Note 18: Other non-current financial assetsFinancial assets at fair value through profit or loss:2023 2022Derivatives (note 4.2) 36 12836 128Financial assets at amortised cost:Loan receivables 200 280Other 135 5336 285At 31 December 372 414Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2023 2022Accounts receivable from contract revenues - gross 38 32Accounts receivable from single transactions - gross 8 5Loss allowance -5 -341 34There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2023 46 23 3 2 3 16 Loss allowance -5 -0 -0 -0 -0 -5 Accounts receivable - net, 31 December 2023 41 23 3 2 3 11 Accounts receivable - gross, 31 December 2022 37 20 5 2 1 8 Loss allowance -3 -0 -0 -0 -0 -3 Accounts receivable - net, 31 December 2022 34 20 5 2 1 6 19.2: Other current assetsAs at 31 December 2023 2022Value added, sales or other taxes receivable 41 41Amounts due from previous owners of purchased loan portfolios 1 8Advances & security deposits paid to suppliers 42 102Prepayments 45 34Amounts due from employees 0 0Derivatives (note 4.2) 12 18Amounts due from joint ventures (note 17) 4 4Accrued income not yet invoiced 21 19Other 110 79Total Other current assets 276 306",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__117": {
"value": "Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2023 2022Accounts receivable from contract revenues - gross 38 32Accounts receivable from single transactions - gross 8 5Loss allowance -5 -341 34There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2023 46 23 3 2 3 16 Loss allowance -5 -0 -0 -0 -0 -5 Accounts receivable - net, 31 December 2023 41 23 3 2 3 11 Accounts receivable - gross, 31 December 2022 37 20 5 2 1 8 Loss allowance -3 -0 -0 -0 -0 -3 Accounts receivable - net, 31 December 2022 34 20 5 2 1 6 19.2: Other current assetsAs at 31 December 2023 2022Value added, sales or other taxes receivable 41 41Amounts due from previous owners of purchased loan portfolios 1 8Advances & security deposits paid to suppliers 42 102Prepayments 45 34Amounts due from employees 0 0Derivatives (note 4.2) 12 18Amounts due from joint ventures (note 17) 4 4Accrued income not yet invoiced 21 19Other 110 79Total Other current assets 276 306",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__116": {
"value": "Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2023 2022Accounts receivable from contract revenues - gross 38 32Accounts receivable from single transactions - gross 8 5Loss allowance -5 -341 34There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2023 46 23 3 2 3 16 Loss allowance -5 -0 -0 -0 -0 -5 Accounts receivable - net, 31 December 2023 41 23 3 2 3 11 Accounts receivable - gross, 31 December 2022 37 20 5 2 1 8 Loss allowance -3 -0 -0 -0 -0 -3 Accounts receivable - net, 31 December 2022 34 20 5 2 1 6 19.2: Other current assetsAs at 31 December 2023 2022Value added, sales or other taxes receivable 41 41Amounts due from previous owners of purchased loan portfolios 1 8Advances & security deposits paid to suppliers 42 102Prepayments 45 34Amounts due from employees 0 0Derivatives (note 4.2) 12 18Amounts due from joint ventures (note 17) 4 4Accrued income not yet invoiced 21 19Other 110 79Total Other current assets 276 306",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__119": {
"value": "Note 20: Collateral assetsCollateral assets are assets, mainly real estate, repossessed as part of the management of secured non-performing loan portfolios. Collateral assets are acquired with the purpose of subsequent resale in the near future, however there may be improvements or actions needed in order to optimize prices.2023 2022Opening balance 1 January 1 294 1 284Additions 309 340Disposals -351 -391Write-down -2 -1Exchange differences 90 63Closing book value at 31 December 1 339 1 294Which consists of: 2023 2022Retail Properties 499 484Non-retail properties 793 749Other 48 62Total 1 339 1 294Retail properties is related to private housing and non-retail properties to commercial buildings 2023 2022Rental income 14 13Revenue from sale of collateral assets 499 581Cost of collateral assets sold, including impairment -353 -392Direct operating expenses -25 -16Operating profit/(loss) from collateral assets 135 187Rental income is presented in the line \"Other revenues\" in the consolidated income statement. Direct operating expenses are directly related to the collateral assets and include repairs and maintanance costs, insurance, valuation costs and other similar types of running costs. Direct operating expenses are included in either \"Expenses of external services provided\" or \"Other operating expenses\" depending upon the nature of the expense.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__120": {
"value": "Note 21: Cash and cash equivalents2023 2022Cash at banks - unrestricted balances 1 356 1 141 - tax deductions from employee payroll 0 0 - other restricted balances 9 101 366 1 151Short term deposits 39 251 404 1 176Cash at banks earns interest at floating rates which are based on bank deposit rates. Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.Other restricted balances represent deposits paid into a short term escrow account in connection with, for example, the acquisition of loan portfolios or guarantees provided by third parties.For the purpose of the statement of cash flows, cash and cash equivalents comprise the cash and current deposits balances in the table above.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__122": {
"value": "Note 22: Share capital and other paid-in capitalOrdinary shares have a nominal value of NOK 0.10 each. The number and value of authorised and registered shares, and the amount of other paid-in capital, being the premium on shares issued less any transaction costs of new shares issued, was as follows:Ordinary sharesShare capitalOther paid-in Number of Share capital capital 2 shares 1NOK millNOK millAt 1 January 2022 409 932 598 41 2 843Capital reduction registered 28 July 2022 related to the share buy-back programme endend 31 March 2022 -8 767 774 -1 Capital increase registered 20 October 2022 related to issuance of ordinary shares 200 000 0 1At 31 December 2022 401 364 824 40 2 844Capital reduction registered 27 July 2023 related to the share buy-back programme ended December 2022 -14 184 000 -1 At 31 December 2023 387 180 824 39 2 844At 25 April 2024 (the date of completion of these financial statements) 387 180 824 39 2 844Treasury shares2023 2022At 1 January 14 184 000 3 043 082Share buy-back 18 874 843 19 908 692Capital reduction -14 184 000 -8 767 774Excersised share options -700 000At 31 December 18 174 843 14 184 000 1. Including 18,648,672 treasury shares puchased in the 2023 Share buy-back program.2. Net proceeds after transaction costs.The Company's second share buy-back program started 27 May 2022 was completed in December 2022. The pur-pose of the program was to reduce the capital of the Company. In total 14,184,000 shares were bought back at an average price of NOK 8.31 per share and the share capital reduction of NOK 1.4 million was effective as of 27 July 2023. The Company announced a third share buy-back program 25 May 2023 with duration from 26 May 2023 until the Annual General Meeting 2024 at the latest. The purpose of the program is to reduce the capital of the Company and will be for a maximum of 25 million shares and comprise acquisitions of own shares for an aggregated amount of up to NOK 162.6 million. 12 January 2024 the Board decided to pause the acquisition of own shares with remaining authority for share buy-back of 5.65 million shares or NOK 31 million granted by the Annual General Meeting in May 2023.At 31 December 2023 18,874,843 shares were bought back at an average price of NOK 6.79 per share, where-of 18,001,500 shares were settled transactions as of 31 December 2023. During fourth quarter the Company used 700,000 of its own shares (treasury shares) to honour obligations in connection with employee incentive arrange-ments. As at 31 December 2023 the Company owned a total of 18,174,843 own shares corresponding to 4.69 % of the Company\u2019s share capital, decreasing the equity attributable to the Company's shareholders by NOK 121 millions. At 25 April 2024, the date of completion of these financial statements, a total of 19,348,672 shares were bought back at an average price of NOK 6.81, decreasing the equity attributable to the Company's shareholders by NOK 128 million. The Company owns a total of 18,648,672 own shares corresponding to 4.82 % of the Company's share capital. The Board will propose to the Annual General Meeting 2024 that approximately NOK 31 million of the remaining capacity under the share buy-back program initiated in May 2023 will be distributed to the Company's shareholders together with a cash dividend for 2023 of NOK 0.62 per share. With the distribution the share bay-back program for 2023 is complete and the Board will propose to the Annual General Meeting 2024 to decrease the parent Company\u2019s share capital by cancellation of its 18,648,672 treasury shares acquired under the share buy-back program. A creditor deadline of six weeks will apply before implementation.Dividend paid to parent company's shareholders in 2023, for 2022, amounted to NOK 0.20 per share. Proposed total dividend and distribution for 2023 is NOK 0.70 per share.Mandates granted to the Board of Directors:On 25 May 2023 the General Meeting of the shareholders of B2 Impact ASA granted the Board a right to increase the share capital (i) in connection with acquisitions and raising of equity by up to NOK 3,871,808, equivalent to 10 % (rounded)of the Company\u2019s share capital, and (ii) to honor options granted by the Company by up to NOK 1,364,635. The General Meeting on 25 May 2023 also granted the Board a right to acquire own shares (treasury shares) in B2 Impact ASA from the shareholders in the company up to a total nominal value of NOK 3,871,808, equaling 10 % (rounded) of the share capital. The maximum amount to be paid per share is the volume weighted average price as quoted on the Oslo Stock Exchange for the five business days prior to the time of the acquisition plus 5 %, and the minimum amount is NOK 0.10. Treasury shares acquired may be utilized to either fulfil the Company's obligations in connection with acquisitions, employee incentive arrangements, fulfilment of earn-out arrangements, be sold to strengthen the Company's equity or be cancelled.Each of the said authorisations provided to the Board are valid until the Company's Annual General Meeting in 2024, but no longer than to and including 30 June 2024. Shares owned by executive management and Board of DirectorsThe number of shares owned directly or indirectly by the Board of Directors and executive management at 31 Decem-ber 2023 were as set out below. For details of options granted to the Board of Directors and executive management, please refer to note 23.Name Position Number of shares1Erik Just Johnsen Chief Executive Officer 2 460 680Endre Solvin-Witz\u00f8 Chief Investment Officer 125 000Adam Parfiniewicz 2Head of Unsecured Asset Management 6 000Harald L. Thorstein Chair of the Board of Directors 360 0003, 5Karl Henrik Wennerholm Board member 1 960 0004Trond Kristian Andreassen Board member 300 000Adele Bugge Norman Pran Board member 90 0005Ellen M. Hanetho Board member 33 354For further information regarding shares and shareholders, please refer to note 11 to the parent company financial statements.1. Erling Johnsen AS, an entity controlled by Erik J. Johnsen holds 2,080,000 shares. In addition, Erik J. Johnsen holds 235,000 shares and persons related to him holds 145,680 shares.2. Adam Parfiniewicz holds 6,000 shares through a nominee account.3. Femwen AS, an entity controlled by Karl Henrik Wennerholm holds 1,860,000 shares. In addition, Karl Henrik Wennerholm holds 100,000 shares through a nominee account.4. Vimar AS, an entity controlled by Trond Kristian Andreassen, holds 300,000 shares.5. Board members since December 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__121": {
"value": "Note 22: Share capital and other paid-in capitalOrdinary shares have a nominal value of NOK 0.10 each. The number and value of authorised and registered shares, and the amount of other paid-in capital, being the premium on shares issued less any transaction costs of new shares issued, was as follows:Ordinary sharesShare capitalOther paid-in Number of Share capital capital 2 shares 1NOK millNOK millAt 1 January 2022 409 932 598 41 2 843Capital reduction registered 28 July 2022 related to the share buy-back programme endend 31 March 2022 -8 767 774 -1 Capital increase registered 20 October 2022 related to issuance of ordinary shares 200 000 0 1At 31 December 2022 401 364 824 40 2 844Capital reduction registered 27 July 2023 related to the share buy-back programme ended December 2022 -14 184 000 -1 At 31 December 2023 387 180 824 39 2 844At 25 April 2024 (the date of completion of these financial statements) 387 180 824 39 2 844Treasury shares2023 2022At 1 January 14 184 000 3 043 082Share buy-back 18 874 843 19 908 692Capital reduction -14 184 000 -8 767 774Excersised share options -700 000At 31 December 18 174 843 14 184 000 1. Including 18,648,672 treasury shares puchased in the 2023 Share buy-back program.2. Net proceeds after transaction costs.The Company's second share buy-back program started 27 May 2022 was completed in December 2022. The pur-pose of the program was to reduce the capital of the Company. In total 14,184,000 shares were bought back at an average price of NOK 8.31 per share and the share capital reduction of NOK 1.4 million was effective as of 27 July 2023. The Company announced a third share buy-back program 25 May 2023 with duration from 26 May 2023 until the Annual General Meeting 2024 at the latest. The purpose of the program is to reduce the capital of the Company and will be for a maximum of 25 million shares and comprise acquisitions of own shares for an aggregated amount of up to NOK 162.6 million. 12 January 2024 the Board decided to pause the acquisition of own shares with remaining authority for share buy-back of 5.65 million shares or NOK 31 million granted by the Annual General Meeting in May 2023.At 31 December 2023 18,874,843 shares were bought back at an average price of NOK 6.79 per share, where-of 18,001,500 shares were settled transactions as of 31 December 2023. During fourth quarter the Company used 700,000 of its own shares (treasury shares) to honour obligations in connection with employee incentive arrange-ments. As at 31 December 2023 the Company owned a total of 18,174,843 own shares corresponding to 4.69 % of the Company\u2019s share capital, decreasing the equity attributable to the Company's shareholders by NOK 121 millions. At 25 April 2024, the date of completion of these financial statements, a total of 19,348,672 shares were bought back at an average price of NOK 6.81, decreasing the equity attributable to the Company's shareholders by NOK 128 million. The Company owns a total of 18,648,672 own shares corresponding to 4.82 % of the Company's share capital. The Board will propose to the Annual General Meeting 2024 that approximately NOK 31 million of the remaining capacity under the share buy-back program initiated in May 2023 will be distributed to the Company's shareholders together with a cash dividend for 2023 of NOK 0.62 per share. With the distribution the share bay-back program for 2023 is complete and the Board will propose to the Annual General Meeting 2024 to decrease the parent Company\u2019s share capital by cancellation of its 18,648,672 treasury shares acquired under the share buy-back program. A creditor deadline of six weeks will apply before implementation.Dividend paid to parent company's shareholders in 2023, for 2022, amounted to NOK 0.20 per share. Proposed total dividend and distribution for 2023 is NOK 0.70 per share.Mandates granted to the Board of Directors:On 25 May 2023 the General Meeting of the shareholders of B2 Impact ASA granted the Board a right to increase the share capital (i) in connection with acquisitions and raising of equity by up to NOK 3,871,808, equivalent to 10 % (rounded)of the Company\u2019s share capital, and (ii) to honor options granted by the Company by up to NOK 1,364,635. The General Meeting on 25 May 2023 also granted the Board a right to acquire own shares (treasury shares) in B2 Impact ASA from the shareholders in the company up to a total nominal value of NOK 3,871,808, equaling 10 % (rounded) of the share capital. The maximum amount to be paid per share is the volume weighted average price as quoted on the Oslo Stock Exchange for the five business days prior to the time of the acquisition plus 5 %, and the minimum amount is NOK 0.10. Treasury shares acquired may be utilized to either fulfil the Company's obligations in connection with acquisitions, employee incentive arrangements, fulfilment of earn-out arrangements, be sold to strengthen the Company's equity or be cancelled.Each of the said authorisations provided to the Board are valid until the Company's Annual General Meeting in 2024, but no longer than to and including 30 June 2024. Shares owned by executive management and Board of DirectorsThe number of shares owned directly or indirectly by the Board of Directors and executive management at 31 Decem-ber 2023 were as set out below. For details of options granted to the Board of Directors and executive management, please refer to note 23.Name Position Number of shares1Erik Just Johnsen Chief Executive Officer 2 460 680Endre Solvin-Witz\u00f8 Chief Investment Officer 125 000Adam Parfiniewicz 2Head of Unsecured Asset Management 6 000Harald L. Thorstein Chair of the Board of Directors 360 0003, 5Karl Henrik Wennerholm Board member 1 960 0004Trond Kristian Andreassen Board member 300 000Adele Bugge Norman Pran Board member 90 0005Ellen M. Hanetho Board member 33 354For further information regarding shares and shareholders, please refer to note 11 to the parent company financial statements.1. Erling Johnsen AS, an entity controlled by Erik J. Johnsen holds 2,080,000 shares. In addition, Erik J. Johnsen holds 235,000 shares and persons related to him holds 145,680 shares.2. Adam Parfiniewicz holds 6,000 shares through a nominee account.3. Femwen AS, an entity controlled by Karl Henrik Wennerholm holds 1,860,000 shares. In addition, Karl Henrik Wennerholm holds 100,000 shares through a nominee account.4. Vimar AS, an entity controlled by Trond Kristian Andreassen, holds 300,000 shares.5. Board members since December 2023.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__123": {
"value": "Note 23: Share based payments23.1 Option programThe Group has granted share options to management and selected key employees according to the Group's remuneration policy. As of the date of completion of these financial statements, there were 9,756,667 options outstanding. All of the Company\u2019s option agreements include a clause regarding accelerated vesting meaning that if 50.1 % of the shares in the Company are sold to an acquirer, all outstanding options are vested. In case of a merger, the grantee shall if possible be granted an equal share option in the merged company. If this is not possible, the grantee will have the right to exercise all the options prior to the merger.Movements during the yearThe following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year.2023202320222022NumberWAEPNumberWAEPOutstanding 1 January 10 930 000 7.820 10 610 000 9.345 Granted during the year 2 110 000 8.050 Exercised during the year -700 000 3.798 -200 000 4.000 Forfeited during the year -263 333 8.277 -240 000 7.720 Expired during the year -1 350 000 9.345 Outstanding at 31 December 9 966 667 7.952 10 930 000 7.820 Exercisable at 31 December 8 076 668 7.841 5 793 328 7.820 Due to changes in the executive management in 2023, 263,333 not vested share options were terminated in line with the standards in the Long Term Intensive Plan. Further 700,000 share options were exercised by former members of the executive management, decreasing the equity attributable to parent company shareholders by NOK 2 million. No new share options were granted or expired in 2023. At 31 December 2023, the range of exercise prices and weighted average remaining contractual life of the options were as follows: Outstanding options Vested optionsWeighted Weighted Weighted Weighted OutstandingaverageaverageOutstandingaverageaverageoptions as ofremaining exerciseoptions as ofremaining exerciseExercise price31 December 2023contractual lifeprice31 December 2023contractual lifeprice0.00 - 8.00 3 716 667 2.5 5.887 2 503 335 2.5 4.936 8.01 - 9.00 1 400 000 0.5 8.430 1 400 000 0.5 8.430 9.01 - 9.99 4 850 000 1.4 9.396 4 173 333 1.4 9.386 Total 9 966 667 1.7 7.952 8 076 668 1.6 7.841 At 31 December 2022, the range of exercise prices and weighted average remaining contractual life of the options were as follows: Outstanding options Vested optionsWeighted Weighted Weighted Weighted OutstandingaverageaverageOutstandingaverageaverageoptions as ofremaining exerciseoptions as ofremaining exerciseExercise price31 December 2022contractual lifeprice31 December 2022contractual lifeprice0.00 - 8.00 2 500 000 2.5 4.000 1 666 662 2.5 4.000 8.01 - 9.00 3 510 000 3.3 8.222 700 000 3.3 8.452 9.01 - 9.99 4 920 000 2.4 9.426 3 426 666 2.4 9.480 Total 10 930 000 2.7 7.824 5 793 328 2.6 7.7 78",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__125": {
"value": "Note 24: Interest bearing loans and borrowings2023 2022Non-currentMulti-currency revolving credit facility 4 489 4 025Senior Facility Agreement 152 1 208Bond loan 3 329 3 6537 970 8 8852023 2022CurrentBond loan 2 245 1 201Bank overdraft 225 1312 470 1 332Interest bearing loansThe Group is financed by the following loans; (i) a EUR 610 million senior secured multi-currency revolving credit facility agreement (RCF), including a multi-currency cash pool with a EUR 40 million overdraft, which matures in June 2025. (ii) a EUR 200 million senior unsecured bond with maturity in May 2024, (iii) a EUR 300 million senior unsecured bond with maturity in September 2026 and (iv) EUR 180 million senior secured facility agreement (SFA) with PIF Barbican S.\u00e0 r.l. (Pimco as original noteholder) with maturity in 2027. The RCF, SFA and the bond loans carry a variable interest rate based on the interbank rate in each currency plus a margin supplement. In addition, there is a commitment fee on the facility agreements, which is calculated as a per-centage of the loan margin on the undrawn part of the credit facilities. The overdraft carries a facility line fee. The loan agreements have a number of operational and financial covenants, including limits on certain key indicators, which have all been complied with as of 31 December 2023. There are no instalments to be paid before maturity. At 31 December 2023, PLN 815 million, SEK 975 million, DKK 260 million and EUR 95 million, in total EUR 406 million, was utilised from the EUR 570 million RCF, leaving an available, undrawn amount of EUR 164 million. The multi-currency overdraft facility of EUR 40 million was utilised with EUR 20 million, leaving an available, undrawn amount of EUR 20 million. The SFA facility of EUR 180 million was utilised with EUR 16 million, leaving an available, undrawn amount of EUR 164 million. The EUR 610 million RCF is secured by guarantees issued by B2 Impact ASA, a share pledge over B2 Impact ASA's 100 % directly owned subsidiaries, an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to its subsidiaries. The SFA is fully securitised, but with no recourse to B2 Impact. The bond loans are unsecured. Details of the interest rates, maturity and outstanding nominal values by currency at 31 December 2023 and 31 December 2022 are summarised below:Outstanding nominalAt 31 December 2023 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.5 % + WIBOR 2025 2 111SEK 3.5 % + STIBOR 2025 988EUR 3.5% + EURIBOR 2025 1 068DKK 3.5 % + CIBOR 2025 392Bond loans EUR 6.35 % + 3M EURIBOR 2024 2 248EUR 6.90 % + 3M EURIBOR 2026 3 372Senior Facility Agreement EUR 4.55 % + 3M EURIBOR 2027 17810 357Outstanding nominalAt 31 December 2022 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.25 % + WIBOR 2025 1 572SEK 3.25 % + STIBOR 2025 922EUR 3.25 % + EURIBOR 2025 1 262DKK 3.25 % + CIBOR 2025 3681Bond loansEUR 4.75 % + 3M EURIBOR 2023 2 103EUR 6.35 % + 3M EURIBOR 2024 2 103EUR 6.90 % + 3M EURIBOR 2026 1 577Senior Facility AgreementEUR 4.55 % + 3M EURIBOR 20271 24111 1471. Includes NOK 903 million treasury bonds.The repayment schedule by currency at 31 December 2023 and 31 December 2022 is shown in the table below: Multi-currency revolving credit facility SFA Facility Bond loan At 31 December 2023All CCY'sEUREUR Total NOK20242 248 2 24820254 559 4 55920263 372 3 372After 2026 178 1784 559 178 5 620 10 357 Multi-currency revolving credit facility SFA Facility Bond loan At 31 December 2022All CCY'sEUREUR Total NOK20232 103 2 1032024 2 103 2 1032025 4 123 4 123After 2025 1 241 1 577 2 8184 123 1 241 5 783 11 147Financial covenantsThe financial covenants at 31 December 2023 for the bond loans are summarised below. All covenants have been met at 31 December 2023 and 31 December 2022.The financial covenants for the bond loan are as follows:Requirement 2023 2022Secured loan to valueMaximum 65 % 24 % 30 %Leverage ratio Maximum 4.0 1.9 2.3Net interest cover ratio Minimum 4.0 5.1 6.9The financial covenants for the RCF are as follows:Borrowing base ratio, Equity ratio, Actual collection vs. IFRS forecast, Total loan to value ratio and Interest cover ratio.The Borrowing base ratio is measured on \"restricted group\" (excluding SFA).The financial covenants for the SFA are as follows:Loan to value ratio, Loan to CREV ratio (Principal amount outstanding under the SFA divided by certain type of property valuations stated in the SFA), Cashflow cover ratio and Loan to CREV consentration ratio. All covenants are measured on the no recourse structure. If the group fails to comply with the financial covenants, all loan agreements have a grace period after notice thereof is given to the counterparties before default is declared.Bank borrowings secured by pledged assets 2023 2022RCF4 489 4 025SFA 152 1 2084 641 5 232Balance sheet value of pledged assets 2023 2022RCF: Share Pledge 3 746 3 733RCF: Intra Group Loan receivable 2 980 5 0936 726 8 826At 31 December 2023, the RCF is secured by a share pledge over B2 Impact ASA's shares in B2Kapital Holding S.\u00e0 r.l., an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to B2Kapital Holding S.\u00e0 r.l.. The SFA is fully securitized (pledge in assets, bank accounts, portfolios, intercompany loans/notes and servicing agreements), but with no recourse to B2 Impact. The bond loans are unsecured.Changes in liabilities arising from financing activitiesThe table below shows reconciliation of cash flows from financing activities to interest bearing liabilities in the statement of financial position.Interest Foreign Changes in expense and At 1 exchange fair values New amortization of At 31 2022January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 6 825 3 537 282 53 -1 811 8 885Other non-current liabilities 93 -3 67 -24 133Current interest bearing loans and borrowings 2 400 -2 966 -57 14 1 811 1 201Other current liabilities 309 -620 2 -1 598 108 396Total liabilities from financing activities 9 626 -50 227 -4 67 665 85 10 6162023Non-current interest bearing loans and borrowings 8 885 383 725 80 -2 103 7 970Other non-current liabilities 133 49 63 11 256Current interest bearing loans and borrowings 1 201 -1 265 198 8 2 103 2 245Other current liabilities 396 -1 051 4 0 956 2 103 411Total liabilities from financing activities 10 616 -1 933 926 48 63 1 044 118 10 882Other non-current liabilities and Other current liabilites in the Consolidated statement of financial positions includes both financial activites, such as accrued interest on interest bearing loans, lease liabilites and derivatives, and non-financial activites. The non-financial activities are classified as Other in table above.Hereof interest bearing liabilities 2023 20221 10 215 10 087 Interest bearing loans and borrowings Accrued interest on interest bearing loans and borrowings (see note 27) 87 82 Lease liabilities (see note 16) 182 151 10 484 10 3201. Including EUR 86 million treasury bonds in 2022.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__124": {
"value": "Note 24: Interest bearing loans and borrowings2023 2022Non-currentMulti-currency revolving credit facility 4 489 4 025Senior Facility Agreement 152 1 208Bond loan 3 329 3 6537 970 8 8852023 2022CurrentBond loan 2 245 1 201Bank overdraft 225 1312 470 1 332Interest bearing loansThe Group is financed by the following loans; (i) a EUR 610 million senior secured multi-currency revolving credit facility agreement (RCF), including a multi-currency cash pool with a EUR 40 million overdraft, which matures in June 2025. (ii) a EUR 200 million senior unsecured bond with maturity in May 2024, (iii) a EUR 300 million senior unsecured bond with maturity in September 2026 and (iv) EUR 180 million senior secured facility agreement (SFA) with PIF Barbican S.\u00e0 r.l. (Pimco as original noteholder) with maturity in 2027. The RCF, SFA and the bond loans carry a variable interest rate based on the interbank rate in each currency plus a margin supplement. In addition, there is a commitment fee on the facility agreements, which is calculated as a per-centage of the loan margin on the undrawn part of the credit facilities. The overdraft carries a facility line fee. The loan agreements have a number of operational and financial covenants, including limits on certain key indicators, which have all been complied with as of 31 December 2023. There are no instalments to be paid before maturity. At 31 December 2023, PLN 815 million, SEK 975 million, DKK 260 million and EUR 95 million, in total EUR 406 million, was utilised from the EUR 570 million RCF, leaving an available, undrawn amount of EUR 164 million. The multi-currency overdraft facility of EUR 40 million was utilised with EUR 20 million, leaving an available, undrawn amount of EUR 20 million. The SFA facility of EUR 180 million was utilised with EUR 16 million, leaving an available, undrawn amount of EUR 164 million. The EUR 610 million RCF is secured by guarantees issued by B2 Impact ASA, a share pledge over B2 Impact ASA's 100 % directly owned subsidiaries, an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to its subsidiaries. The SFA is fully securitised, but with no recourse to B2 Impact. The bond loans are unsecured. Details of the interest rates, maturity and outstanding nominal values by currency at 31 December 2023 and 31 December 2022 are summarised below:Outstanding nominalAt 31 December 2023 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.5 % + WIBOR 2025 2 111SEK 3.5 % + STIBOR 2025 988EUR 3.5% + EURIBOR 2025 1 068DKK 3.5 % + CIBOR 2025 392Bond loans EUR 6.35 % + 3M EURIBOR 2024 2 248EUR 6.90 % + 3M EURIBOR 2026 3 372Senior Facility Agreement EUR 4.55 % + 3M EURIBOR 2027 17810 357Outstanding nominalAt 31 December 2022 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.25 % + WIBOR 2025 1 572SEK 3.25 % + STIBOR 2025 922EUR 3.25 % + EURIBOR 2025 1 262DKK 3.25 % + CIBOR 2025 3681Bond loansEUR 4.75 % + 3M EURIBOR 2023 2 103EUR 6.35 % + 3M EURIBOR 2024 2 103EUR 6.90 % + 3M EURIBOR 2026 1 577Senior Facility AgreementEUR 4.55 % + 3M EURIBOR 20271 24111 1471. Includes NOK 903 million treasury bonds.The repayment schedule by currency at 31 December 2023 and 31 December 2022 is shown in the table below: Multi-currency revolving credit facility SFA Facility Bond loan At 31 December 2023All CCY'sEUREUR Total NOK20242 248 2 24820254 559 4 55920263 372 3 372After 2026 178 1784 559 178 5 620 10 357 Multi-currency revolving credit facility SFA Facility Bond loan At 31 December 2022All CCY'sEUREUR Total NOK20232 103 2 1032024 2 103 2 1032025 4 123 4 123After 2025 1 241 1 577 2 8184 123 1 241 5 783 11 147Financial covenantsThe financial covenants at 31 December 2023 for the bond loans are summarised below. All covenants have been met at 31 December 2023 and 31 December 2022.The financial covenants for the bond loan are as follows:Requirement 2023 2022Secured loan to valueMaximum 65 % 24 % 30 %Leverage ratio Maximum 4.0 1.9 2.3Net interest cover ratio Minimum 4.0 5.1 6.9The financial covenants for the RCF are as follows:Borrowing base ratio, Equity ratio, Actual collection vs. IFRS forecast, Total loan to value ratio and Interest cover ratio.The Borrowing base ratio is measured on \"restricted group\" (excluding SFA).The financial covenants for the SFA are as follows:Loan to value ratio, Loan to CREV ratio (Principal amount outstanding under the SFA divided by certain type of property valuations stated in the SFA), Cashflow cover ratio and Loan to CREV consentration ratio. All covenants are measured on the no recourse structure. If the group fails to comply with the financial covenants, all loan agreements have a grace period after notice thereof is given to the counterparties before default is declared.Bank borrowings secured by pledged assets 2023 2022RCF4 489 4 025SFA 152 1 2084 641 5 232Balance sheet value of pledged assets 2023 2022RCF: Share Pledge 3 746 3 733RCF: Intra Group Loan receivable 2 980 5 0936 726 8 826At 31 December 2023, the RCF is secured by a share pledge over B2 Impact ASA's shares in B2Kapital Holding S.\u00e0 r.l., an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to B2Kapital Holding S.\u00e0 r.l.. The SFA is fully securitized (pledge in assets, bank accounts, portfolios, intercompany loans/notes and servicing agreements), but with no recourse to B2 Impact. The bond loans are unsecured.Changes in liabilities arising from financing activitiesThe table below shows reconciliation of cash flows from financing activities to interest bearing liabilities in the statement of financial position.Interest Foreign Changes in expense and At 1 exchange fair values New amortization of At 31 2022January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 6 825 3 537 282 53 -1 811 8 885Other non-current liabilities 93 -3 67 -24 133Current interest bearing loans and borrowings 2 400 -2 966 -57 14 1 811 1 201Other current liabilities 309 -620 2 -1 598 108 396Total liabilities from financing activities 9 626 -50 227 -4 67 665 85 10 6162023Non-current interest bearing loans and borrowings 8 885 383 725 80 -2 103 7 970Other non-current liabilities 133 49 63 11 256Current interest bearing loans and borrowings 1 201 -1 265 198 8 2 103 2 245Other current liabilities 396 -1 051 4 0 956 2 103 411Total liabilities from financing activities 10 616 -1 933 926 48 63 1 044 118 10 882Other non-current liabilities and Other current liabilites in the Consolidated statement of financial positions includes both financial activites, such as accrued interest on interest bearing loans, lease liabilites and derivatives, and non-financial activites. The non-financial activities are classified as Other in table above.Hereof interest bearing liabilities 2023 20221 10 215 10 087 Interest bearing loans and borrowings Accrued interest on interest bearing loans and borrowings (see note 27) 87 82 Lease liabilities (see note 16) 182 151 10 484 10 3201. Including EUR 86 million treasury bonds in 2022.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__127-1": {
"value": "Note 25: Other non-current liabilitiesFinancial liabilities at fair value through profit or loss 2023 2022Derivatives (note 4.2) 49Other 55 7104 7Financial liabilities Lease liabilities (note 16) 148 119148 119Other non-financial liabilitiesPost-employment liabilities 4 74 7256 133NOTE 27\ue61a Other current liabilitiesOther liabilities 2023 2022Amounts due to employees 142 131Accrued interest on external loans 87 82Accrued costs of external collection services and other expenses 48 76Lease liabilities (note 16) 34 32Other 33 28344 351Indirect taxes payableValue added taxes / sales taxes payable 28 9Payroll taxes payable 13 12Social security payable 25 22Other indirect taxes payable 1 167 45411 396Amounts due to employees are accruals for fixed and variable salaries and includes accruals for holiday entitlements according to local regulations and practices. Interest payable on loans and borrowings is normally paid quarterly throughout the financial year. Indirect taxes are non-interest bearing and are payable on a regular basis to the relevant national tax authority. Social security payable at 31 December 2023 and 31 December 2022 includes the accrued social security costs of the share option programmes described in note 23.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__126": {
"value": "Note 25: Other non-current liabilitiesFinancial liabilities at fair value through profit or loss 2023 2022Derivatives (note 4.2) 49Other 55 7104 7Financial liabilities Lease liabilities (note 16) 148 119148 119Other non-financial liabilitiesPost-employment liabilities 4 74 7256 133",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__128": {
"value": "Note 26: Accounts and other payables2023 2022Accounts payable 64 78Vendor financing 26 47Amounts owed to third party collection customers 10 16Amounts prepaid by loan debtors 59 41Other payables 16 27174 209Accounts payable, amounts prepaid by loan debtors and amounts owed to third party collection customers are non-interest bearing and are normally settled within 30 days. Vendor financing is non-interest bearing and relates to portfolio purchases not yet fully paid but normally due within 6 months.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__129": {
"value": "NOTE 27\ue61a Other current liabilitiesOther liabilities 2023 2022Amounts due to employees 142 131Accrued interest on external loans 87 82Accrued costs of external collection services and other expenses 48 76Lease liabilities (note 16) 34 32Other 33 28344 351Indirect taxes payableValue added taxes / sales taxes payable 28 9Payroll taxes payable 13 12Social security payable 25 22Other indirect taxes payable 1 167 45411 396Amounts due to employees are accruals for fixed and variable salaries and includes accruals for holiday entitlements according to local regulations and practices. Interest payable on loans and borrowings is normally paid quarterly throughout the financial year. Indirect taxes are non-interest bearing and are payable on a regular basis to the relevant national tax authority. Social security payable at 31 December 2023 and 31 December 2022 includes the accrued social security costs of the share option programmes described in note 23.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__132-1": {
"value": "Note 28: Commitments28.1 Lease commitments - Group as lesseeThe Group has entered into leases for office premises, motor vehicles and office equipment. The lease payments for the majority of the office premises lease contracts are adjusted according to the consumer price index, have an extension option and have an average life of between 12 months and 9 years. There are no restrictions placed upon the lessee under the lease contracts to use the office premises in the normal course of business. The commitments related to future payments on lease agreements are presented in note 16. 28.2 Forward flow commitments The Group has committed to buy non-performing debt portfolios for delivery in future periods (forward flow contracts) in the following segments. The estimated face value and purchase price of contracts are based on the maximum face value in the purchase agreement or best estimate if there are not any maximum amounts in the purchase agreements. The Group is entitled to terminate the agreements with less than 12 months notice. At 31 December, the non-cancellable part of these commitments were as follows:2023 2022Face value Purchase price Face value Purchase price666 211 240 99Note 31: GuaranteesB2 Impact ASA has issued a guarantee limited to EUR 900 million with the addition of any and all interests, default interests, costs and expenses to DNB Bank ASA as Agent on behalf of itself, Nordea Bank ABP, Branch of Norway and Swedbank AB in connection with the provision of the Group's senior secured multi-currency revolving credit facility of EUR 610 million. The guarantee was issued on behalf of the borrower under the multi-currency revolving credit facility, B2 Impact ASA's 100 % directly owned subsidiary, B2Kapital Holding S.\u00e0 r.l. The total utilised nominal amount under the facilities at 31 December 2023 was EUR 426 million. B2 Impact ASA has granted a soft guarantee to Senior Noteholders in the SFA which cover all reporting obligations in the related financing documents. B2 Impact ASA has issued two office rental guarantees: (i) With effect from 10 October 2017 in favour of the lessor of the Group's offices in Gothenburg, Sweden. In 2021 the rental agreement was extended 3 years if not cancelled within a specified date. Although the guarantee is unlimited, the Group estimates that its exposure for the remaining rental period is limited to the yearly rental cost for the period, which amounts to SEK 2.7 million. (ii) With effect from 19 December 2017 in favour of the lessor of the Group's offices in Wroclaw, Poland. The guarantee agreement is limited to the aggregated amount of EUR 402,000, which are ment to cover 3 months office rental cost, and are valid until 90 days following the rental agreement maturing in June 2031.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__131-1": {
"value": "Note 28: Commitments28.1 Lease commitments - Group as lesseeThe Group has entered into leases for office premises, motor vehicles and office equipment. The lease payments for the majority of the office premises lease contracts are adjusted according to the consumer price index, have an extension option and have an average life of between 12 months and 9 years. There are no restrictions placed upon the lessee under the lease contracts to use the office premises in the normal course of business. The commitments related to future payments on lease agreements are presented in note 16. 28.2 Forward flow commitments The Group has committed to buy non-performing debt portfolios for delivery in future periods (forward flow contracts) in the following segments. The estimated face value and purchase price of contracts are based on the maximum face value in the purchase agreement or best estimate if there are not any maximum amounts in the purchase agreements. The Group is entitled to terminate the agreements with less than 12 months notice. At 31 December, the non-cancellable part of these commitments were as follows:2023 2022Face value Purchase price Face value Purchase price666 211 240 99Note 33\ue61a Contingencies and other matters Out of prudency, B2 Impact has made a provision for a smaller portion of the potential fine in connection with alleged breaches of GDPR regulations in Croatia. The decision from the Croatian Data Protection Agency has been appealed.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__134": {
"value": "Note 29\ue61a Related party disclosureThe Group's related parties include the executive management team, Board of Directors of the parent company, associated companies and joint ventures (note 17). No loans or guarantees have been given to members of the management, the Board of Directors or other elected corporate bodies. Compensation of key management of the Group 2023 2022Base salary 26 27Benefits 1 1Short term incentive 8 11Share-options 2 6Pension 2 3Total compensation to key management personnel 39 48CEO and the executive management have received bonus according to the bonus program described in the Remu-neration report. No additional remuneration are paid for special services outside the normal functions within the given manager positions. Short term incentive includes yearly bonus awarded for the reporting period while the other amounts disclosed in the table are the amounts recognised as an expense during the reporting period. The Board of Directors compensation was NOK 3.3 million in 2023 (NOK 3.3 million in 2022) including any additional fees to members of Audit Committee and Remuneration Committee. Transactions with associated companies and joint ventures:See note 17 for transactions with associated companies and joint ventures. Group companiesCompanies in the Group are also related parties. Intra-group related party transactions and outstanding balances are eliminated in the preparation of the consolidated financial statements of the Group. Sales to and purchases from intra-group related parties are made at normal market prices as the transactions are performed on the same terms as unrelated parties. Outstanding intra-group balances at the year end are unsecured and interest free, other than for interest-bearing loans.B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned Company nameincorporation Segmentby B2 Impact ASA 2023 2022B2 Impact ASA (Parent company of the Group) Norway1Interkreditt ASNorway Servicing 100 %Interkreditt Kapital AS Norway Investments 100 % 100 %Veraltis Group S.\u00e0 r.l. Luxembourg \ue619 100 % 100%BackB Investments S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100%B2Kapital Holding S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %ULTIMO SA Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Securitisation Fund & Invest TAKTO SKA Poland Other 100 % 100%Sileo Holding AB Sweden Other 100 % 100 %Sileo Kapital AB Sweden Investments/servicing 100 % 100 %OK Perint\u00e4 OY Finland Investments/servicing 100 % 100 %Nordic Debt Collection A/S Denmark Investments/servicing 100 % 100%OK Incure O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %B2Kapital SIA Latvia Investments/servicing 100 % 100 %Creditreform Latvija SIA Latvia Investments/servicing 99.5 % 99.5 %Crefo Rating SIA Latvia Other 100 % 100 %AS Crefo Birojs Latvia Other 100 % 100 %UAB B2Kapital Lithuania Investments/servicing 100 % 100 %B2 Kapital d.o.o Croatia Investments 100 % 100 %B2 Real Estate d.o.o Croatia Investments 100 % 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. (former BSP Consulting d.o.o.) Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia ServicingVeraltis Asset Management Podruznica d.o.o. (Branch) Slovenia ServicingB2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %Bosnia and B2Kapital d.o.oHerzegovina Investments/servicing 100 % 100 %B2Kapital d.o.o2Montenegro Investments 100 % 100 %B2Kapital GmbH3Austria Other 100 % 100 %B2Kapital Czech Republic s.r.o Czech Republic Investments 100 % 100 %B2Kapital Hungary Zrt Hungary Investments/servicing 100 % 100 %B2Kapital Portfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL (former B2 Real Estate Management S.R.L.) Romania Servicing 100 % 100 %B2 Kapital Finance I.F.N. S.A. Romania Other 100 % 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %Debt Collection Agency EAD4Bulgaria Investments/servicing 100 % 100 %Smart Collect EOOD4Bulgaria Investments/servicing 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA (former B2Kapital AE) Greece Servicing 100 % 100 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Gabuyd Ltd5Cyprus Investments 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital S.r.l.3Italy Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l Italy Investments 100 % 100 %Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U Spain Servicing 100 % 100 %SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses) France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Interkreditt AS was sold in March 2023.2. B2 Kapital d.o.o. (Montenegro) was sold in December 2023 and the transaction is expected to be closed in 2024.3. In process of liquidation.4. The sale transaction of Debt Collection Agency EAD and its fully owned subsidiary Smart Collect EOOD was closed in September 2023.5. Gabuyd Ltd was sold in February 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__133": {
"value": "Note 29\ue61a Related party disclosureThe Group's related parties include the executive management team, Board of Directors of the parent company, associated companies and joint ventures (note 17). No loans or guarantees have been given to members of the management, the Board of Directors or other elected corporate bodies. Compensation of key management of the Group 2023 2022Base salary 26 27Benefits 1 1Short term incentive 8 11Share-options 2 6Pension 2 3Total compensation to key management personnel 39 48CEO and the executive management have received bonus according to the bonus program described in the Remu-neration report. No additional remuneration are paid for special services outside the normal functions within the given manager positions. Short term incentive includes yearly bonus awarded for the reporting period while the other amounts disclosed in the table are the amounts recognised as an expense during the reporting period. The Board of Directors compensation was NOK 3.3 million in 2023 (NOK 3.3 million in 2022) including any additional fees to members of Audit Committee and Remuneration Committee. Transactions with associated companies and joint ventures:See note 17 for transactions with associated companies and joint ventures. Group companiesCompanies in the Group are also related parties. Intra-group related party transactions and outstanding balances are eliminated in the preparation of the consolidated financial statements of the Group. Sales to and purchases from intra-group related parties are made at normal market prices as the transactions are performed on the same terms as unrelated parties. Outstanding intra-group balances at the year end are unsecured and interest free, other than for interest-bearing loans.B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned Company nameincorporation Segmentby B2 Impact ASA 2023 2022B2 Impact ASA (Parent company of the Group) Norway1Interkreditt ASNorway Servicing 100 %Interkreditt Kapital AS Norway Investments 100 % 100 %Veraltis Group S.\u00e0 r.l. Luxembourg \ue619 100 % 100%BackB Investments S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100%B2Kapital Holding S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %ULTIMO SA Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Securitisation Fund & Invest TAKTO SKA Poland Other 100 % 100%Sileo Holding AB Sweden Other 100 % 100 %Sileo Kapital AB Sweden Investments/servicing 100 % 100 %OK Perint\u00e4 OY Finland Investments/servicing 100 % 100 %Nordic Debt Collection A/S Denmark Investments/servicing 100 % 100%OK Incure O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %B2Kapital SIA Latvia Investments/servicing 100 % 100 %Creditreform Latvija SIA Latvia Investments/servicing 99.5 % 99.5 %Crefo Rating SIA Latvia Other 100 % 100 %AS Crefo Birojs Latvia Other 100 % 100 %UAB B2Kapital Lithuania Investments/servicing 100 % 100 %B2 Kapital d.o.o Croatia Investments 100 % 100 %B2 Real Estate d.o.o Croatia Investments 100 % 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. (former BSP Consulting d.o.o.) Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia ServicingVeraltis Asset Management Podruznica d.o.o. (Branch) Slovenia ServicingB2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %Bosnia and B2Kapital d.o.oHerzegovina Investments/servicing 100 % 100 %B2Kapital d.o.o2Montenegro Investments 100 % 100 %B2Kapital GmbH3Austria Other 100 % 100 %B2Kapital Czech Republic s.r.o Czech Republic Investments 100 % 100 %B2Kapital Hungary Zrt Hungary Investments/servicing 100 % 100 %B2Kapital Portfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL (former B2 Real Estate Management S.R.L.) Romania Servicing 100 % 100 %B2 Kapital Finance I.F.N. S.A. Romania Other 100 % 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %Debt Collection Agency EAD4Bulgaria Investments/servicing 100 % 100 %Smart Collect EOOD4Bulgaria Investments/servicing 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA (former B2Kapital AE) Greece Servicing 100 % 100 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Gabuyd Ltd5Cyprus Investments 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital S.r.l.3Italy Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l Italy Investments 100 % 100 %Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U Spain Servicing 100 % 100 %SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses) France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Interkreditt AS was sold in March 2023.2. B2 Kapital d.o.o. (Montenegro) was sold in December 2023 and the transaction is expected to be closed in 2024.3. In process of liquidation.4. The sale transaction of Debt Collection Agency EAD and its fully owned subsidiary Smart Collect EOOD was closed in September 2023.5. Gabuyd Ltd was sold in February 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__135": {
"value": "Compensation of key management of the Group 2023 2022Base salary 26 27Benefits 1 1Short term incentive 8 11Share-options 2 6Pension 2 3Total compensation to key management personnel 39 48",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__136": {
"value": "B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned Company nameincorporation Segmentby B2 Impact ASA 2023 2022B2 Impact ASA (Parent company of the Group) Norway1Interkreditt ASNorway Servicing 100 %Interkreditt Kapital AS Norway Investments 100 % 100 %Veraltis Group S.\u00e0 r.l. Luxembourg \ue619 100 % 100%BackB Investments S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100%B2Kapital Holding S.\u00e0 r.l. Luxembourg \ue619 100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %ULTIMO SA Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Securitisation Fund & Invest TAKTO SKA Poland Other 100 % 100%Sileo Holding AB Sweden Other 100 % 100 %Sileo Kapital AB Sweden Investments/servicing 100 % 100 %OK Perint\u00e4 OY Finland Investments/servicing 100 % 100 %Nordic Debt Collection A/S Denmark Investments/servicing 100 % 100%OK Incure O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %B2Kapital SIA Latvia Investments/servicing 100 % 100 %Creditreform Latvija SIA Latvia Investments/servicing 99.5 % 99.5 %Crefo Rating SIA Latvia Other 100 % 100 %AS Crefo Birojs Latvia Other 100 % 100 %UAB B2Kapital Lithuania Investments/servicing 100 % 100 %B2 Kapital d.o.o Croatia Investments 100 % 100 %B2 Real Estate d.o.o Croatia Investments 100 % 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. (former BSP Consulting d.o.o.) Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia ServicingVeraltis Asset Management Podruznica d.o.o. (Branch) Slovenia ServicingB2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %Bosnia and B2Kapital d.o.oHerzegovina Investments/servicing 100 % 100 %B2Kapital d.o.o2Montenegro Investments 100 % 100 %B2Kapital GmbH3Austria Other 100 % 100 %B2Kapital Czech Republic s.r.o Czech Republic Investments 100 % 100 %B2Kapital Hungary Zrt Hungary Investments/servicing 100 % 100 %B2Kapital Portfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL (former B2 Real Estate Management S.R.L.) Romania Servicing 100 % 100 %B2 Kapital Finance I.F.N. S.A. Romania Other 100 % 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %Debt Collection Agency EAD4Bulgaria Investments/servicing 100 % 100 %Smart Collect EOOD4Bulgaria Investments/servicing 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA (former B2Kapital AE) Greece Servicing 100 % 100 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Gabuyd Ltd5Cyprus Investments 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital S.r.l.3Italy Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l Italy Investments 100 % 100 %Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U Spain Servicing 100 % 100 %SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses) France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Interkreditt AS was sold in March 2023.2. B2 Kapital d.o.o. (Montenegro) was sold in December 2023 and the transaction is expected to be closed in 2024.3. In process of liquidation.4. The sale transaction of Debt Collection Agency EAD and its fully owned subsidiary Smart Collect EOOD was closed in September 2023.5. Gabuyd Ltd was sold in February 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__137": {
"value": "Note 30\ue61a Fees to auditorsEY 2023 2022Audit fees 13 11 Fees for further assurance services 0 0 Fees for tax advise 1 0 Total 14 12 VAT is both included and not included in the fees specified above, depending on if the receiving company can deduct VAT.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__139": {
"value": "Note 32\ue61a Subsequent eventsThe Board of Director's has proposed for the Annual General Meeting 2024 to pay a cash dividend of NOK 0.62 per share for 2023 and a share buyback program of NOK 0.08 per share for the financial year 2023. In January 2024 B2 Impact placed a new EUR 100 million senior unsecured bond with maturity in January 2028 at a couponof 3 month EURIBOR +5.00 % p.a. Further a tap issue of EUR 50 million to this bond was completed in February 2024 at a price of 101.25 % of par. The bond with the total outstanding amount of EUR 150 million will be registered at Oslo Stock Exchange. The net proceeds were used to repurchase and redeem all outstanding bonds in B2H05.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__141": {
"value": "Note 33\ue61a Contingencies and other matters Out of prudency, B2 Impact has made a provision for a smaller portion of the potential fine in connection with alleged breaches of GDPR regulations in Croatia. The decision from the Croatian Data Protection Agency has been appealed.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__140": {
"value": "Note 33\ue61a Contingencies and other matters Out of prudency, B2 Impact has made a provision for a smaller portion of the potential fine in connection with alleged breaches of GDPR regulations in Croatia. The decision from the Croatian Data Protection Agency has been appealed.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
}
}
}